REGJsfERED CHAIUTY NUMBER: 1128625 Report of the Tru$tee5 and Un2udiled Fingntigl Staternents for the Year Ended 31 D¢¢emb¢r 2023 for The Parochial Chureh Coun¢ll of Ibe e¢¢l¢slgStical Parish of St Peter's Bellgewortb Boyd5 Accountants Britannia Court 5 MOOT Street Worcester WoTces(ershiTe WRI 3DB
The Parochial Church Council of the ee¢le$lastieg1 Pgrlsh of St Peter'$ Bengeworth Contents of tbt Flttajbelal Stliements for the Year Ended 31 Decernber 21123 Page Report of the Trustees Indeptndellt ExAmiDer's Report Statement of Finaneial AttiTrities BalaNte Sheet Notes to the Finantial Stltemtttts 5 to 10 Detxlled Statement of Financial Artlwitlts
The Parothi&l Church CouDcil of tbe ecclesiastical Parish ofst Peter's Btngewortb R¢port of the Trustees ror the Yeir Ended 31 De¢ember 2023 The tru51ees preseni iheir report with the fjnancial staternents of ihe ¢harity for the year ended 31 Ikr¢ThbeT 2023. The trustees have adopted the provisions of Accollniing and Reporting by Charit1¢5.' Statement of Rttommended Practice applicable io ¢harilies preparing their a0t5 in accoTdan¢e with the Financial Reporting StandaTd applicable in the UK and Republic of IT¢land IFRS 1021 leffeciive l January 20191. STRUCTURE.COVERNANCE AND MAiYAGEMENT Coverning dotument This charity is govemed under The Parochial Church Councils (Powers) Mvdsllre 1956 as aTnended and The Chur¢h Repres¢ntation Rules (contained in Schedule 3 10 the Synodical Goverrllnent M¢asuTe 1969 amended).. REFERENCE AND ADMINISTRATJVE DETAILS Regislered Charity Dumber 128625 Principal 2ddress St PeteT'S c.hurch Port Street F.vesham Worce5teTshiTe WRII 6DS Trustee5 Rev Andy Smith MT Peter Moore (resigned 2.4.231 Sandra Cockram Jane RichaTds Julie Westlake (resigned 2.4.23) David Cockram Michael Richard Fr¢¢T Iresigned 2.4.231 Rev Mark Binney Iresi8ned 2.4.231 HeatheT Uncles Iresigned 2.4.231 Mr Timothy Rokrt Clack lappointed 2.4.231 Mr Simon Cooper (appointed ?.4.231 Ms Margarei Wade (appointed 2.4.231 Independet Examlner Damien Chandler Boyds A¢countanis Britannia Court 5 Moor Street Wor¢esteT Worce5teTshiTe Iwil 3DB 11.07.24.. .. Approv by order of the 8rd of trustees on .................................... and signed on its behalf by.. Rev Andy Smith- Trustee Page I
Independent Examlner's Report to tb¢ Trustees of The PArochial Church Council ofthe e¢¢leslastital Parlsh of St Peter'$ Bengeworth Indepelldent exgminer's report to the trustees of The Parothial Church Council of the ecclesiastical Parish of st Pet¢r's B¢EtwOrth I report io the charity trustees on my ¢xamination of the accounts of The Parhla1 Church C¢M]ncil of the ecclesiastical Parish of St Petef 5 Bengeworth lthe Trust) for ihe year ended 31 December 2023. Re$ponsibililie$ and b#$i$ of report As the charity trustees of the Trust you are rpOnsIble for the preparation of the accounts in accordance wth the requirements of thc Charities Act 2011 I'the Aet'}. I report in respect of my exatnination of the Trust's accounts carried out under Section 145 of the Act and in ¢anying out my examination I have followed all applicable Directions wven by the Charity Commission under Section 14515}Ibl of Ihe A¢t. Independent ex9miner's 5tAtemeDt I have completed my examination. l ¢onfirm that no material matters have ¢ome to my attention in connection with the examination 8ivin8 me cause to believe th in any material respect.. accounting re¢ords were k¢pt in r¢Sp of the Twst as required by Section 130 of the A¢t; OT the accounts do not accord with those TrdS., OT the accounts do not cojllply with th¢ applicable rtyuiren]ents concerning the form and content of xcounts set out in the Charities IAc£ounts and Reports) Regulations 2008 other than any rcquiremeni that the accounts give a true atld fair View which 15 rtot a matter ¢onsideTed as part of an indendent e%amination. T hav¢ no ¢oncems and hav¢ com¢ acTOSS no other matters in connection with the examination to which attention should be dra% in this Teport in ordeT io enable a prow understanding of ihe ac¢wnts io be Tea¢h¢d. Dami¢n Chandl¢r Boyds Accountants Britsnnia Court 5 MIK>T Street Worcester Worcesiershir¢ IWII 3DB Page 2
The PaTochiil Church Countil of the ¢¢¢l¢$igstieg1 P9ri5h of Sl Peter'5 Bengewort Balgnee Sheet 31 Dttember 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted fi]nd Resth¢ted funds Notes CURRENT ASSETS Investments Cash ai bank 60,403 37.904 47,739 108,142 37.904 99,906 30.702 98 J07 47,739 146.046 130,608 CREDITORS Amou¢)ts falling due within one year 1125) NET CURRENT ASSETS 98,182 47,739 145,921 130,483 TOTAL ASSETS LESS CURRENT LIABILITIES 98,182 47.739 145.921 130,483 NET ASSETS 98.182 47.739 145,921 130.483 FUNDS Unrestricted fund5 Restri¢ted fiJnd$ 10 98,182 47,739 85.744 44,739 TOTAL FUNDS 145,921 130,483 The finan¢ial statements were approved by the Board of Trust¢e$ and authori5ed for issue 11 . 07... 2f................ and were Sign on its half by.. on Rev Andy Smith- Trustee Mr Timothy Robert Clack- Truste¢ The not¢s forn) part of these financial st*ements Page 4
The Paro¢hl&l Church Coun¢ll of the eccle5iaStical Parish of St Peter's B¢llWOrth S¢at¢m¢nt of FIn9claI Aelfvltles for the Year Ended 31 December 2023 31.12.23 Total nds 31.12.22 Total fwids Unrestricted fund Restricted nds Notes INCOME AND ENDOWMENTS FROM Donations and legaci¢s 61,832 61,832 65.417 Charitable 8ctiYitie5 Church a¢tiviiies 16,178 16.178 18507 Other trading activities Inv¢stmetrt income Other income 736 2,029 47.632 736 3.144 47,632 860 2.920 15,474 Total 128.407 129,522 103,178 EXPENDITURE ON Raising funds 1253 Charffttable attivities Chur¢h a¢tiviti¢s 14,043 14.043 12J66 107.123 107,124 84,995 Total 121.166 121,167 98,614 Net gain51llo&sesl on investments 5.197 1,886 7,083 112268) NET INCOMEIIEXPENDITURE) 12.438 3,(K)O 15,438 {7.71H) RECONCILL4Tiof4 OF FUNDS Total fvrtds brought forward 85.744 44.739 130.483 138,187 TOTAL FUNDS CARRIED FORWARD 98,182 47.739 145.921 130,483 The notes fom) part of these finan¢ia] ststements Page 3
The Parochial Church Council of the ecclesiasticgl P9rish of St Peler's Bengewortb Notes to the Fimanelil Statements for the Year Ended 31 Deternber 2023 ACCOUNTING POLICIES Basi5 of prep#rittg tht financial st*tsmtnt$ The financial stat¢Tn¢nis of the charity. which is a publtc benefit entity und¢T FRS 102. have been PTepaTed in accoTdan¢e with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended P11¢¢ applicable to charities preparing their accounts in accordance with the Financial Re]x)rting Standard applicable ID the UK and Republi¢ of Tieland IFRS 1021 leffe¢tive l January 20191,. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finatt¢ial ststements ha been PTepared under the historicaj cost convention. These financial stateTnents have been prepared in a¢¢ordan¢e with the Church Ac¢ounting Regulations 21 using the Te¢¢ipts and payments basis except for shaTeholding5 are ac£ounts for using the valuation b&%is. Inco¢ All income is recognised in the Statement oIFirt3n¢ia] Activities once th¢ charity has entitlement to the fvnds it is probable that the incom¢ will be received and the arnount tan be m&ured relhably. Expenditure Lkabilitie5 are recognised a5 expEnditure as soon there is a legal OT constructive obligation ¢¢)mmitting the charity to that expenditor¢, it is probable that a transfer of economic benefits will be required in ttlement and the amouni of the obligation can be measllred reliably. ExpendinJr¢ is accounted for on an actruals b&sis and has been C18lficd under headings that aegAte all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allrtated to activitie5 on a basis ¢0¢Istent with the use of resources. Taxatio The charity 15 exe¥npt from tax on it5 charitable activiti¢S. Fund aecountiNg UnTestricted funds can be used in ¢ordanCe with the chaTitsble objectives at the discretion of the trustees. Restricted fvnds Can only be used for parti¢ular restricted purp05¢S Wbthin the objects of the ¢harity when authoris¢d by the Worcester Board of Finance. OTHER TRADING ACTIVITIES 31.12.23 Total fund5 31.12.22 Totsl fijnds Unrestyict¢d fid5 Restrided fijnds Parish lunches Fares and sales Other activitle5 165 165 530 621 621 736 736 860 Page 5 ntinued...
The Parocbial ChUb Coutt¢il of the etcle5ia5tical Parish of St Peter's Bengeworth Note5 to the Fin8nci&l Ststem¢nts- eontlnued for the Ye4r Ellded 31 December 2023 INVESTMENT INCOME 31.1223 Totsl fvnds 31.12.22 T(>tsl funds Unrestricted R¢stri¢t&l fvnds fid8 CBF school dep051t interest and dividej5 CBF deposil account interest Inveslment account interest 1,201 190 1.839 1,839 1,642 2,029 3.144 2.920 TRUSTEES, RE1UNERATIoN AND BENEFITS There were no tru5t¢¢s' remuneration or other benefits for the y¢aT ended 31 December 2023 nor for the year enda 31 December 2022. Tru$te¢5 expen5e5 Ther¢ w¢r¢ no trustees, w)enses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. STAFF COSTS The average monthly number of employee$ during ihe year was as follows.. 31.12.23 31.12.22 Cleaner Organisl Administration No employees reiVed emolwn¢nts in excess of £60.000. COMPARATEs FOR THE STATEMENT OF FINANCIAL ACTMTJES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 65,417 65,417 Charitable gctlvltks Church activitie5 18507 18,507 her trading artivities Investment income Other income 860 1,719 15.474 860 2,920 15.474 1,201 Tot#1 101,977 1,201 103,178 EXPENDITURE ON Raising fvnds 1253 1253 Page 6 continued...
The Parothigl Church Countil of the etcle5iastical Parish of St Peter's Bengeworth Notes to the Fingncial Ststernents- contiDued ror the Year Ended 31 Decernber 2023 COMPARATTVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontinued Unrestrided liegtrieted fund fvnds Total funds Charitible attivities Church activities 12.366 12.366 her 84.995 84,995 Total 98,614 98,614 Net gainslllossesl on investtnents 17,3241 14,944) 112268) NET INCOMEIIEXPENDJTUREI 13.9611 {3.743) {7.704) RECONCILIATION OF FUTrIDS Tota] funds broughi forward 89,705 48.482 138.187 TOTAL FUNDS CARRIED FORWARD 85,744 44,739 130.483 CURRENT ASSET INVESTMENTS 31.12.23 31.12.22 CBF shares.. School CBF deposit fvnd.. School CBF shares.. P C C CBF ShaTes.. Minister 40,780 6,959 59,001 1.402 37,245 7,494 53,887 1.280 108,142 99,9)6 CASH AT BANK 31.12.23 Total fi]nds 31.12.22 Total funds Bank current awount P C C dep051t a¢¢ouni CThurch house c&sh current and deposit 19.331 6,130 12,443 10,679 5,939 14,084 Total 37, 30.702 Page 7 continued...
The P*roehial Chureh Coun¢ll of tbe ettlesi8stlC81 PAri5b of St Peter's BeDgeworth Notes to the Fb)#n¢lal S¢gttm¢nts- contb)u¢d for the Year Ended 31 December 21123 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1223 31.12.22 Held for ASUM gThp churches 125 125 io. MOVEMENT IN FUNDS Net movement Én funds At 31.12.23 At 1.1.23 Unrestrieted funds Unrestricted 85,744 12.438 98,182 Restricted fund5 Rethcted 44.739 47,739 TOTAL FUNDS 130,483 15,438 145.921 Net movement in funds, included in the above are follows.. Incomitjg resouTC£S Resources expended Gains and lo5 Mov¢ment in funds Unrestricted funds Unrestricted 128,407 1121,1661 5,197 12.438 Restricltd fvnds Restricted 1.886 3.000 TOTAL FUNDS 129,522 1121,1671 7,083 15,438 Comparntlves for movement In funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted fuDd5 Unrestricted 89.705 13.9611 85.744 Ile5tricteql fundy Restrict 48,482 13.7431 44.739 TOTAL FUNDS 138,187 17,7041 130,483 Page 8 mtifjued...
The P#rotbi#l Chureh CouD¢ll of the ectlesiastital Parish of St Peter'5 Beng¢worth Note5 to the fin#nti*l Ststernents- ¢oDtimued ror the Year Ended 31 Dettmber 2023 10. MOVEMENT tN FUNDS- ¢ontinued Comparativ¢ net movement in fjJnd& included in ihe above are &% follows.. In¢oming Tesourccs Resour¢¢s expended Gains and Ios5e5 Movement in funds Unrestri¢t¢d fndS Unrestricted 101,977 198.6141 17.3241 13,961 } Restricted fvthds Restricted 1,201 {4,9441 13,743) TOTAL FUNDS 103.178 198,614} 112.2681 17,704) A current year 12 months and prior year 12 months combined position is a5 follows.. Net rnovement in fimds At 31.12.23 Atl.1.22 Unrestritted fund5 UrtTestri¢t¢d 89,705 8.477 98,182 Restricted funds Restricted 48,482 17431 47,739 TOTAL FUNDS 138,187 7,734 145,921 A cyuent year 12 months and prior year 12 months combined net movement in ftmds. in¢luded in the above are &$ follows. Incomin8 resovr¢¢s Resource5 ¢xpended Gains arbd losses Movemertt in funds Unrestricted funds Unrestriaed 230.384 1219,7801 12,1271 8,477 Restrirted fund5 Restricted 2.3 16 13.0581 1743} TOTAL FUNDS 232,7(M) {219.781 } (5.1851 7,734 Page 9 ntinued...
The Parochial Church Council ofthe eccle5iasticil Parish of St Peter's Bengeworth Notes to the Fingncial Statements- contiNed for the Year Ended 31 December 2023 RELATED PARTY DISCLOSURES TheTe weTe no related pany transactions for the year ended 31 December 2023. 12. CHURCH HOUSE DETAILED STATEMENT Church Hous¢ fornis part of these5 accoutjts and iher¢fore is covered by the independent examiners rerK>rt Income Lettings 5,798 ExpenditUTe Water Lighting and heating Insurance Repair and maintenance Cleaning 1.055 1284 1,002 2.682 1.416 7.439 11.641) {1.641) 14,083 12,443 12.443 Ordinary deficit forthe year Deficit Cash at bank at l January 2023 Cash Bat at 31 De¢¢mber 2023 Ordinary fur¥J5 12.443 Page 10
The Parothial Church Council of tht eccle51aStital Parish of St Peter's Bengtworth Detalled Stalement of Financial Aetivfftties for the Ye8r Ellded 31 Dettmber 202J 31.12.23 Total nds 31.12.22 Total fitnd5 Unrestricted funds R¢stricl¢d fvnds INCOME AND ENDOWMENTS Don#tlOllS gnd leg4¢ies Planned giving Loose plate Tax recovered Donations Jtshn MaThn's Charity 30.001 4.284 8,125 30.001 4.284 8,125 23,650 4.179 9.401 220 27.967 19,422 19.422 61,832 61.832 65,417 Other trading activit5es Parish lunches Fare5 and sales (hher activities 165 165 530 621 621 736 736 860 lovestment income CBF school deposit interest and dividends CBF dq)osit account interest Invcstment account inleTe5t 1,201 77 1,642 190 1.839 1,839 2.029 3,144 2.920 Cbarit&ble aetivlties W & F and otheT fees including stipendiary Comrnunity use of church house Youth Club IOJ80 5,798 10,380 5,798 7.626 9,681 1,200 16,178 16,178 18.507 Other income Mission Antenna Miscell&neou5 School bibles 50 9.53 1 5,893 37,422 .327 1,883 37.422 8,327 1,883 47.632 47,632 15,474 Total incoming rttourtt$ 128,407 129,522 103,178 EXPENDITURE Other trading gttivities Parish magazine expenses Carried forward 78 78 ThES pw does not fonn part of the siatutory firkancial ststen)ertiS Page 11
Tht Paro¢hiAI Church Council of tbe ecclesiastlegl Parish ofst Prter's Bellgtwortlb Detailed Staternent of Fblanciil Activitles for the Year Ended 31 Dettmber 21)23 31.12.23 To funds 31.12.22 Total fund5 Unre5tri¢ied funds Restri¢ted funds (hbtr tradlng Activl¢k5 Brought fonvard Ukraine Appeal 78 1.175 1,253 Chgrit8ble getivides Mi5s10n Charities (including Ministe¢s dITell01)ary fimd) 1.970 1,970 25 25 1,995 l.995 Other Wages Parish shar¢ Building maintenance InsurnH¢e Utililies Maintenance of systems and fÈttings New equipment Consumables ChuT¢h ho¢ expenses OtheT (including visiting clergy) Pmi5¢s general 17,183 25,000 4.673 6.736 37,294 2,187 406 4,052 7,439 609 1,544 17.183 25,0(K) 4,673 6.736 37,294 2,187 13,693 25.IKM) 3,135 6.lY> 16,796 2219 4,052 7,439 609 ,545 4.797 2,498 3,003 107,123 107,124 84,995 Support eosts Governante costs A¢countan¢y wding and fi]neTal pa)qnenis Secretsrial and admin Charges Bank charges and Commission Other {including Missionerl 600 5.231 3.685 193 2,339 600 4.903 2,669 248 3,946 5231 3,685 193 2?39 12,048 12,048 12,366 Totsi resources expended 121,166 121.167 98,614 Net iJ)eome 7.241 8,355 4,564 This page not form part of the statutory financial statements Page 12