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2022-12-31-accounts

ST PETER'S CHURCH, DE BEAUVOIR TOWN

TRUSTEES' REPORT & ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Contents

Administrative details of the charity and trustees – page 2

Trustees' report – pages 3 to 5

Independent examiner's report and accounts – pages 6 to 14

This report and accounts were approved by the trustees on 21st May 2023 and signed by the chairman on the trustees ’behalf by:

................................................ Rev Dr Simon Cuff, vicar

………………………………

Mr. Paul Snow, acting treasurer

Page 1

Administrative details of the charity and trustees

Trustees and members of the parochial church council (PCC)

Rev. Dr. Simon Cuff Iris Bachmann from 22/5/22 Amanda Bart-Plange Gillian Borrie Sarah Dallas Anna Dalton, resigned 27/03/23 Boachie Dankwah Mae Fredericks Margaret Glover Jacqueline Grace Kate Green Jane King Stephen King until 22/5/22 Eckart Marchand until 22/5/22 Paul Snow Lorna Whilby Jeannette Wilkes

Charity registered number

1130111

Principal office

St Peter’s Vicarage, 86 de Beauvoir Road, London N1 5AT

Bankers

National Westminster Bank Plc Stoke Newington High Street, London N16 7GA

Website

www.stpeterdebeauvoir.org.uk

Page 2

Trustees' report

St Peter's Church is situated in De Beauvoir Town, Hackney, London, N1. It is part of the Diocese of London within the Church of England.

Objectives and Activities

Policies and objectives

St Peter’s PCC has the responsibility of cooperating with the Vicar and other parish clergy to promote the whole mission of the church, pastoral, evangelistic, social and ecumenical within the parish. It also has maintenance responsibilities for the whole church building, including the crypt and the parish house at 16 De Beauvoir Road.

The church relies substantially upon the commitment, enthusiasm and professionalism of many volunteers, both within the church and from the wider community and is profoundly grateful to them.

Public Benefit Statement

In producing their assessment of the benefit to the public provided by the charity, the trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefits, Charities and Public benefit.

Activities undertaken and achievements

The church is a thriving place of worship. As a parish church it remains a focus of much community activity and also attracts a wider geographical spread of worshippers. Inclusive congregational events include Lent programmes, Christmas carols, regular morning and evening prayer and other services alongside other events such as the Petertide barbeque, Assumption lunch, and occasional fundraisers and events such as the Coronation.

Our outreach activities include the warm weekdays project, new Saturday ‘Going Deeper’ services, hosting a monthly cost of living round table, and participating in a number of community forums. We support a number of charities through offering a refund on rental fees including Hackney Playbus, Happy Babies and Woven Gold choir providing support for homeless people, mothers and young children and refugees, and for a number of addiction support groups.

Our buildings are a valuable resource and are used for a wide range of mission based and community activities. Income from this source continues to recover from the Covid19 pandemic which impacted adversely on available resources.

Page 3

Achievements and performance

a. Financial review

The PCC’s Funds are divided into General, Restricted and Endowment Funds. Restricted Funds can only be used for the purpose for which they are established and we benefit from income derived from the Endowment Funds.

Total income was £200,746 (2021: £159,200) including £36,481 (2021: £42,895) planned giving by the congregation. Loose plate collections, donations and Gift Aid supplement this giving. Income from letting church and crypt premises was £56,972 (2021: £38,436) with a pleasing diversity of users returning after the easing of pandemic restrictions.

We also benefit from the huge and irreplaceable voluntary input from a wide section of the community into our various activities.

Our contribution of £25,000 (2021: £12,000, 2020: £40,600, 2019: £80,600) to the Common Fund had been temporarily reduced but we plan to continue to increase this over the next five years.

b. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

c. Reserves policy

Reserves are designed to act as a cushion against uncertainties about future risks and costs. The major uncertainties are: maintenance of the fabric of this historic Victorian church and crypt; possible fluctuations in the letting income; the need for continuing investment in staff and maintenance in the crypt space and possible loss of income from 16 De Beauvoir Road if it is used for other purposes such as a house for service.

The PCC considers that free reserves of six months' expenditure are prudent and reviews this policy annually. Total expenditure in 2022 was £208,798 (2021: £109,079). At the balance sheet date, total unrestricted funds stood at £131,333 (2021: £151,682). This is marginally higher than the PCC’s reserves policy requires.

Page 4

Structure, governance and management

Day to day management is carried out by the incumbent, church wardens and PCC members. The PCC carries out its work through regular meetings and also through sub-committees and teams with delegated tasks. The Standing Committee has the power to transact the business of the PCC between meetings.

All buildings are fully insured and regular fire inspections held. A safeguarding policy is in place and the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have regard to House of Bishops ’guidance on safeguarding children and vulnerable adults.

The PCC members have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Plans for future periods

It has been recognised that community fundraising and seeking grants will be vital to rebuilding the church in the years ahead – both financially and socially. This is an ongoing task but a stewardship campaign in 2023 and continuing work to build links with the local community through personal contact and a wider programme of events in our spaces available for hire are included in our plans for the future.

Page 5

Independent examiner's report

Accounts for the year ended 31[st] December 2022

Respective responsibilities of the Trustees and the examiner

The charity’s trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts under section 145 of the Charities Act

to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

to state whether particular matters have come to my attention.

Basis of the Independent Examiner’s statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 4[th] May 2023

Signed:

Stephen Hendy

Page 6

St Peter de Beauvoir church

End of Year Financial Statements

Year ending 31 December 2022

Statement of Financial Activities

Unrestricted
Restricted
Endowment
Total
Prior year
funds
funds
funds
funds
total funds
Receipts
Planned giving
Collections and other giving
Other voluntary receipts
Gift Aid recovered
Other receipts
Activities for generating funds
Investment Income
Receipts from church activities
Total income
Payments
Cost of generating funds
Missionary and Charitable Giving
Parish Share
Clergy and Staffing costs
Church Running Expenses
Hall Running Costs
Church Repairs & Maintenance
Hall Repairs & Maintenance
Governance Costs
Total expenditure
Gains / losses on investment assets
Net income / (expenditure) resources before
transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use
Net movement in funds
Total funds brought forward
Total funds carried forward
36,481


36,481
42,895
17,311
50

17,361
4,416
5,000
9,676

14,676
21
10,678


10,678
12,579
3,957
17,116

21,074
22,526
83,207


83,207
61,603
15,282


15,282
14,201
1,985


1,985
954
173,902
26,843

200,746
159,200
1,265


1,265
195
382
9,889

10,271
770
25,000


25,000
12,000
48,075


48,075
37,526
21,645
6,554

28,199
15,160
35,737


35,737
29,717
51,306


51,306
5,101




477
8,942


8,942
8,130
192,355
16,443

208,798
109,079


(49,622)
(49,622)
58,384
(18,452)
10,400
(49,622)
(57,674)
108,505
177,253
53,301

230,554
78,102
(179,151)
(51,402)

(230,554)
(78,102)




(20,350)
12,298
(49,622)
(57,674)
108,505
151,683
32,057
731,988
915,729
807,223
131,332
44,356
682,365
858,054
915,729

Page 7

Represented by

Unrestricted
General fund 78,836 78,836 63,267
Designated
16 De Beauvoir 21,133
Building maintenance 13,000 13,000 15,000
Community Development 5,475
Crypt & Heating & Refurbishment
De Beauvoir Welcome Refugees
Deposit 880
Legacy Hustwayte 38,996 38,996 35,485
Medical Supplies
Revaluation reserves
Trade 10,442
Vicarage redecoration 500 500
Restricted
Agency collection
Community Development
Crypt & Heating & Refurbishment
DWR Afghan 28,447 28,447 19,396
DWR Syrian 6,819 6,819
De Beauvoir Welcome Refugees 8,612
Donations for Gifts 500 500 500
Music and Worship
Nightshelter 376
Parish Retreat
Piano 1,000 1,000
Revaluation reserves
Trade
Vicar & Warden 3,173
Vicar's discretionary 3,142 3,142
Warm weekday 4,447 4,447
Youth Project
Endowment
Endowment 682,365 682,365 731,988

Balance sheet

Total funds
Prior year funds
Fixed assets
Tangible assets
Investments
Current assets
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities
260,000
260,000
422,365
471,988
682,365
731,988
176,162
184,458
176,162
184,458
473
716
473
716
175,689
183,741
858,054
915,729
858,054
915,729

Page 8

Represented by
Unrestricted
General fund
Designated
Building maintenance
De Beauvoir Welcome Refugees
Revaluation reserves
Medical Supplies
Vicarage redecoration
Community Development
16 De Beauvoir
Crypt & Heating & Refurbishment
Trade
Deposit
Legacy Hustwayte
Restricted
DWR Afghan
Crypt & Heating & Refurbishment
Trade
Donations for Gifts
De Beauvoir Welcome Refugees
Youth Project
Parish Retreat
Agency collection
Revaluation reserves
DWR Syrian
Music and Worship
Piano
Vicar's discretionary
Warm weekday
Community Development
Nightshelter
Vicar & Warden
Endowment
Endowment
Funds of the church
78,836
63,267
13,000
15,000






500


5,475

21,133



10,442

880
38,996
35,485
28,447
19,396




500
500

8,612








6,819



1,000

3,142

4,447




376

3,173
682,365
731,988
858,054
915,729

Statement of assets and liabilities

General Designated
Restricted Endowment
This year
Last year
Fixed assets - Investments
M&G Charifund Income Units G -
Vicarage & Hall Endowment B -
Vicarage Endowment C -
St Peter's Hall D -
Totals
Fixed assets - Tangible assets
16 De Beauvoir Road -
Totals
Current assets - Cash at bank and in hand
NatWest Current account -
Barclay Current account -
NatWest Deposit account -
CCLA (CBF) Deposit Account -
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Liabilities - Creditors: Amounts falling due in
one year
Deferred income -
Hire deposits -
Totals
Grand total



90,419
90,419
95,752



93,637
93,637
106,130



114,588
114,588
129,876



123,720
123,720
140,227



422,365
422,365
471,988



260,000
260,000
260,000



260,000
260,000
260,000
(70,835)
52,496
44,829

26,490
76,637





3,173
10,536



10,536
10,512
139,135



139,135
94,135
78,836
52,496
44,829

176,162
184,458


473

473
316


473

473
316





(100)





500





400
78,836
52,496
44,356
682,365
858,054
915,729

Page 9

Fund movement by type

Opening
Incoming
Outgoing
Transfers Gains/losses
Closing
Building - Building maintenance
Designated
Sub-total for Building
DwrA - DWR Afghan
Restricted
Sub-total for DwrA
Dwrs - DWR Syrian
Restricted
Sub-total for Dwrs
MW - Music and Worship
Restricted
Sub-total for MW
MedS - Medical Supplies
Designated
Sub-total for MedS
Pi - Piano
Restricted
Sub-total for Pi
VR - Vicarage redecoratio
Designated
Sub-total for VR
VWF - Vicar's discretionar
Restricted
Sub-total for VWF
WW - Warm weekday
Restricted
Sub-total for WW
General - General fund
Unrestricted
Sub-total for General
CD - Community Developmen
Designated
Restricted
Sub-total for CD
NS - Nightshelter
Restricted
Sub-total for NS
VW - Vicar & Warden
Restricted
Sub-total for VW
16DB - 16 De Beauvoir
Designated
Sub-total for 16DB
CHR - Crypt & Heating & Re
Designated
Restricted
Sub-total for CHR
Trade - Trade
Designated
Restricted
Sub-total for Trade
E - Endowment
Endowment
Sub-total for E
D - Deposit
Designated
Sub-total for D
15,000


(2,000)

13,000
15,000


(2,000)

13,000
19,396
17,116
8,065


28,447
19,396
17,116
8,065


28,447



6,819

6,819



6,819

6,819

50
226
176


50
226
176














7,000
6,000


1,000

7,000
6,000


1,000



500

500



500

500



3,142

3,142



3,142

3,142

1,962
202
2,687

4,447

1,962
202
2,687

4,447
63,267
90,930
151,156
75,794

78,836
63,267
90,930
151,156
75,794

78,836
5,475


(5,475)







5,475


(5,475)


376
714
124
(965)

376
714
124
(965)


3,173

30
(3,142)

3,173

30
(3,142)


21,133
26,310
5,003
(42,439)

21,133
26,310
5,003
(42,439)



















10,442
56,662
36,195
(30,908)







10,442
56,662
36,195
(30,908)


731,988




682,365
731,988




682,365
880


(880)

880


(880)

DFG - Donations for Gifts

Page 10

Restricted
Sub-total for DFG
Legacy - Legacy Hustwayte
Designated
Sub-total for Legacy
DBWR - De Beauvoir Welcome
Designated
Restricted
Sub-total for DBWR
Y - Youth Project
Restricted
Sub-total for Y
ParishRetr - Parish Retreat
Restricted
Sub-total for ParishRetr
ZReval - Revaluation reserves
Designated
Restricted
Sub-total for ZReval
Grand total
500




500
500




500
35,485


3,511

38,996
35,485


3,511

38,996






8,612

1,793
(6,819)

8,612

1,793
(6,819)








































915,729
200,746
208,798


858,054

Analysis of income and expenditure

Total
Unrestricted Designated Restricted Endowment This year Last year
INCOME AND ENDOWMENTS
Planned giving
CAF 496 496
Payroll Giving
Gift Aid Bank 33,802 33,802 38,832
Coloured Envelopes - Non GA
Coloured Envelopes - GASDS 50 50 90
Bank - Non GA 2,132 2,132 3,973
Total 36,481 36,481 42,895
Collections and other giving
Collection - regular Sunday 1,695 1,695 278
Collection Special Services 538 538
Collection Wedding and Funeral 30
White Envelopes
Ad Hoc Donation - Non Gift Aid 12,441 12,441 3,833
Ad Hoc Donation - Gift Aid 2,411 2,411
Gift days
Donation for gifts
Music and Worship 50 50
Online giving 225 225 275
Total 17,311 50 17,361 4,416
Other voluntary receipts
Piano 7,000 7,000
Night Shelter 714 714 21
De Beauvoir Welcome Refugee
Medical Supplies
Warm Weekend 1,962 1,962
Legacies 5,000 5,000
Hymn books
Total 5,000 9,676 14,676 21

Page 11

Gift Aid recovered
Gift Aid Collected -unrestricted
Gift Aid Collected - restricted
GASDS
Total
Other receipts
Save the Music
DWR Afghan
Vicar & Wardens
DWR SYRIAN
Vicar's discretionary
Vicar'sdiscretionaly fund
Grant recurring
Grant non recurring
Souper Tuesday and Open Crypt
Donations
Youth Projects
Parish Retreat
Organist
Insurance Claim
Credit for utility overpayment
Transfer from NatWest Deposit
Account
Bank charges - wrong deposit
Transfer from CBF
Total
Activities for generating funds
Rent 16 De Beauvoir
Hiring Crypt - regular
Hiring Crypt - one off
Hiring Church - regular
Hiring Church - one off
Total
Investment Income
Income from Endowment M&G
Income from Endowment CCLA
Interests from CCLA CBF Fund
623386001D
Interests from Natwest Deposit
Account
Interests from Vicar & Wardens
Account
Total
Receipts from church activities
Fees for PCC
Deposit (Deferred income)
Parish Events
Community Events
Art Projects
Total
8,608



8,608
11,379
1,500



1,500

569



569
1,200
10,678



10,678
12,579
60



60
3,060


17,116

17,116
19,396






























2,641



2,641

26



26
68












782



782







448



448
0

















3,957

17,116

21,074
22,526

26,310


26,310
23,167
268
39,279


39,547
28,086

14,065


14,065
7,158

2,869


2,869
940

415


415
2,251
268
82,939


83,207
61,603
5,107



5,107
4,553






10,151



10,151
9,648
23



23






15,282



15,282
14,201
1,952



1,952
854





100







33


33






1,952
33


1,985
954
INCOME TOTAL 90,930
82,972
26,843

200,746
159,200

Page 12

EXPENDITURE

Cost of generating funds
Fees paid to fund raisers
Costs of fundraising
Costs of stewardship campaign
Fundraising event
Medical supplies
Revaluation(gain)/losses on
investment
Total
Missionary and Charitable Giving
Charitable Giving
Vicar & Churchwarden discretionary
fund
De Beauvoir Welcome Refugee
DWR Afghan
Nightshelter
Project Support
Gifts to individuals
Total
Parish Share
Common Fund
Total
Clergy and Staffing costs
Operations Manager
Open Crypt Co-ordinator
Casual Steward
Organist
Music director
Housekeeper
Pension Scheme
Payroll Fees
Vicar - expenses
Other clergy - expenses
Pastoral assistant expenses
Housing
Staff Training
Total
Church Running Expenses
Hospitality
Noisy Church
Youth Work
Freedom Club
Lay Training
Cafe in the Crypt
Parish events DO NOT USE
Community and Parish events
Nurture Course
Communication - Church
Comms printing and design
Website maintance & development -
Church
Warm weekday
Church running cost
Cost of services
Caring for church ground
Printing & Stationary Church
Choir
Music Related Costs
Save the Music
329



329

935



935


















195





1,265



1,265
195









30

30



1,793

1,793
770


8,065

8,065













382



382
382

9,889

10,271
770
25,000



25,000
12,000
25,000



25,000
12,000
18,897



18,897
20,021







6,154


6,154
3,033
1,780



1,780
1,980
5,952



5,952

11,046



11,046
8,699
2,172



2,172
1,556
1,660



1,660
442





1,041
42



42
125






192



192
586
175



175
39
41,920
6,154


48,075
37,526
2,254



2,254

39



39











































255



255
305
486



486

292



292
72


202

202

3,861



3,861
4,547
2,776



2,776
1,639
240



240

4,412



4,412
277






2,665



2,665
1,464
300



300
3,400

Page 13

Music and Worship
Piano
Church - electricity
Chuch -Gas
Church - water
Pest Control Church
Telephone - Church
Church - Refuse Collection
Parish Retreat
Total
Hall Running Costs
Crypt maintance
Printing & Stationary Crypt
Cleaning
Crypt - elctricity
Crypt -Gas
Crypt - Water
Crypt Pest Control
Telephone - Crypt
Crypt furniture
16 De Beauvoir
Crypt running costs
Crypt - Refuse Collection
Electrical appliances
Communication - Crypt
Website Maintenance & Development
- Cryp
Open Crypt/Souper Tuesday
Refund of crypt hire
Broadband crypt - EE
Kitchen consumables
Kitchen non-consumables
Crypt cleaning supplies
Depreciation
Total
Church Repairs & Maintenance
Church maintenance
Major Repair Church
Organ refurbishment
Total
Hall Repairs & Maintenance
Drains
Major Repair Crypt
Major Repair - 16 De Beauvoir
Total
Governance Costs
Auditing & Examination
PCC Cost
Computer and Maintenance
Bank charges
Legal fees and surveyors
Faculties
Admin
Insurance
Total


226

226



6,000

6,000

755

124

880
437
1,670



1,670
1,798
383



383
48
252



252
252
390



390
406
607



607
512





21,645

6,554

28,199
15,160

1,871


1,871
806







18,753


18,753
14,345

3,959


3,959
3,801

1,668


1,668
2,060

225


225
83

252


252
252
40
242


282
303

264


264


5,003


5,003
4,766

663


663
1,282

1,016


1,016
512
385



385




















1,122


1,122
1,285
267



267
218























693
35,044


35,737
29,717
51,306



51,306
2,041





3,060





51,306



51,306
5,101





477
















477
795



795
585
360



360
1,217





79
456



456
357
1,576



1,576







261



261

5,492



5,492
5,889
8,942



8,942
8,130
EXPENDITURE TOTAL 151,156
41,199
16,443

208,798
109,079
GRAND TOTAL (60,225)
41,772
10,400

(8,052)
50,120

Page 14