# **ST PETER'S CHURCH, DE BEAUVOIR TOWN**
# **TRUSTEES' REPORT & ACCOUNTS**
# **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Contents**
## 1. **Administrative details of the charity and trustees – page 2**
## 2. **Trustees' report – pages 3 to 5**
## 3. **Independent examiner's report and accounts – pages 6 to 28**
This report and accounts were approved by the trustees on 17[th] March 2024 and signed by the chairman on the trustees’ behalf by:
................................................ Rev Dr Simon Cuff, vicar
………………………………
Mr. Paul Snow, treasurer
1
## 1. **Administrative details of the charity and trustees**
## **Trustees and members of the parochial church council (PCC)**
Rev. Dr. Simon Cuff Rev. Buki Fatona Iris Bachmann Amanda Bart-Plange Dominic Batchelor Gillian Borrie, resigned 21/5/23 Tyrone Brown Sarah Dallas Anna Dalton, resigned 27/03/23. Boachie Dankwah, resigned 14/11/23. Mae Fredericks Jacqueline Grace Kate Green Amanda Holgate Jane King Paul Snow Lorna Whilby, resigned 21/5/23. 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
2
## 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**
## a) 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.
## b) 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.
## c) 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.
Our outreach activities include the warm weekdays project, Saturday ‘Going Deeper’ services, hosting a monthly cost of
3
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.
## **Achievements and performance**
## a. Financial review
The PCC’s Funds are divided into General/Designated, 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 for all funds was £252,121 (2022: £200,746) including £37,644 (2022: £34,299) planned giving by the congregation. Loose plate collections, donations and Gift Aid supplement this giving. Income from letting church and crypt premises was £67,332 (2022: £56,897) and we now work with others such as Sharesy to help maximise the use of these premises.
We also benefit from the huge and irreplaceable voluntary input from a wide section of the community into our various activities.
Our contribution of £50,000 (2022: £25,000) to the Common Fund is planned to continue to increase over the next five years following a large reduction in 2020 due to the pandemic.
## b. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate
4
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 unrestricted expenditure in 2023 was £215,757 (2022: £192,355). At the balance sheet date, total unrestricted funds stood at £122,917 (2022: £131,380). This is marginally higher than the PCC ’s reserves policy requires.
Structure, governance and management
## a. Constitution
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission (charity number 1130111).
## b. Method of appointment or election of Trustees
The method of appointment of Church Wardens and PCC members is set out in the Church Representation rules.
## c. Organisational structure and decision making
5
All church attendees are encouraged to register on the Electoral Roll and at the Annual Parish Church Meeting held on 21 May 2023 there were 197 (2022: 195) members.
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.
## d. Risk management
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 (with some success 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.
6
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town Statement of Financial Activities 31st December 2023**
||**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**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**
**Net income / (expenditure)**
**resources before transfer**|37,644
-
-
-
37,644
34,299
-
-
-
-
-
6,071
17,897
-
9,149
-
27,045
45,327
13,464
-
1,816
-
15,280
10,678
19,504
-
33,315
-
52,819
3,898
72,818
-
-
-
72,818
56,897
45,891
-
-
-
45,891
41,592
624
-
-
-
624
1,985|
||**207,842**
**-**
**44,279**
**- 252,121**
**200,746**
10,996
-
207
-
11,203
1,265
3,628
-
17,175
-
20,803
10,272
50,000
-
-
-
50,000
25,000
56,292
-
5,463
-
61,756
48,076
38,726
-
7,675
-
46,401
91,561
17,943
-
-
-
17,943
31,208
35,440
-
-
-
35,440
-
1,697
-
-
-
1,697
-
1,035
-
-
-
1,035
1,417|
||**215,757**
**-**
**30,520**
**- 246,277**
**208,799**|
||**(7,916)**
**-**
**13,759**
**-**
**5,844**
**(8,052)**|
7
|**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains/losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**|20,422 500
11,064
-
31,986
230,602
(8,470) (13,000) (10,516) -
(31,986) (230,602)
-
-
-
29,106
29,106
(49,623)
-
-
-
-
-
-|
|---|---|
||**4,037 (12,500)**
**14,307**
**29,106**
**34,950**
**(57,675)**|
||**78,884**
**52,496**
**44,309 682,366 858,055**
**915,730**|
||**82,921**
**39,996**
**58,616 711,472 893,005**
**858,055**|
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town Balance Sheet 31st December 2023**
|**Balance Sheet 31st December 2023**||
|---|---|
|**Class and code**
**Description**|**As at**
**31/12/2023**
**As at**
**31/12/2022**|
|**Fixed assets**
6431
M&G Charifund Income Units G
6434
Vicarage & Hall Endowment B
6435
Vicarage Endowment C
6436
St Peter's Hall D
6437
16 De Beauvoir Road
6440
Plant & Machinery
**Total Fixed assets**
**Current assets**
20488851
Unity trust Current T2
20488864
Unity trust Instant Access
6501
NatWest Current account
6504
NatWest Deposit account
6506
Soldo Business
6510
CCLA (CBF) Deposit Account
6595
Other Debtors
6596
Prepayments & accrued income
Z05
Accounts Receivable
**Total Current assets**
**Liabilities**
6601
Loans received
6605
Deferred income
6699
Agency collections
6800
Accruals
**Total Liabilities**
**Net Asset surplus (deficit)**
**Reserves**
Excess/(deficit) to date
Z01
Starting balances
Z02
Other gains/(losses)
Z03
Gains and losses own use
**Total Reserves**|88,295
90,420
102,447
93,637
125,369
114,588
135,361
123,720
260,000
260,000
-
-|
||**711,472**
**682,366**
7,908
-
30,168
-
30,149
26,490
-
10,536
4,285
-
119,136
139,136
-
-
-
-
-
-|
||**191,646**
**176,162**
10,113
-
-
-
-
473
-
-|
||**10,113**
**473**|
||**893,005**
**858,055**|
||5,844
(32,848)
858,055
940,525
29,106
(49,623)
-
-|
||**893,005**
**858,055**|
8
|**Represented by Funds**
General (Unrestricted)
Designated
Restricted
Endowment
**Total**|82,921
78,884
39,996
52,496
58,616
44,309
711,472
682,366|
|---|---|
||**893,005**
**858,055**|
Approved by the Parochial Church Council on 17 March 2024 and signed on its behalf by Rev Dr Simon Cuff (PCC Chairman)
The notes on pages 9 to 21 form part of these accounts
**As the charity’s income is less than £500,000 during the year a cash flow statement is not required.**
9
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **1 Accounting policies**
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s, and within the Regulations’ “true and fair” provisions.
## **ASSETS**
## **Consecrated and benefice property.**
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of “charity” by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.
## **Moveable Church Furnishings**
These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.
## **Tangible fixed assets for use by the charity**
These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market valuation on receipt.
Depreciation is calculated to write off the capitalised cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:
- Land Nil • Fixtures & Fittings 20 years
- • Computers 3 years
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years. So that any depreciation charges would be immaterial.
An impairment review is carried out at each year-end and any resultant loss identified is included in expenditure for the year.
10
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **Investments**
Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC’s best estimate of value.
## **Short term deposits**
These are the cash held on deposit with CCLA or at the bank.
## **FUNDS**
## **Unrestricted Funds**
These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are there for not included in its ‘free reserves’ as disclosed in the trustees’ report.
## **Restricted Funds**
These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.
## **Endowment Funds**
These are restricted funds which must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all of their restrictions are shown in the notes to the accounts.
## **NOTES TO THE FINANCIAL STATEMENTS For 31st December 2023**
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted **|**Designated**|**Restricted**|**Endowment**|**This**
**year**|**Last**
**year**|
|**2 INCOME AND ENDOWMENTS**|||||||
|**Planned giving**|||||||
|0103 - CAF|-|-|
-|
-|-|496|
|0105 - Regular giving|37,644|-|
-|
-|37,644|33,803|
|**Planned giving Totals**|**37,644**|**-**|
**-**|
**-**|**37,644**|**34,299**|
|**Collections and other giving**|||||||
|0202 - Coloured Env - GASDS|-|-|
-|
-|-|50|
|0203 - Bank - Non GA|-|-|
-|
-|-|2,132|
|0302 - Collection Special Services|-|-|
-|
-|-|538|
|0402 - Ad Hoc Donation - Gift Aid|-|-|
-|
-|-|2,411|
|0406 - Night shelter|-|-|
-|
-|-|714|
|0501 - Online giving|-|-|
-|
-|-|225|
|**Collections and other giving**
**Totals**|
**-**|**-**|
**-**|
**-**|**-**|**6,071**|
11
|**Other voluntary receipts**|||||||
|---|---|---|---|---|---|---|
|0301 - Coll'n at serv inc. white env|2,823|-|-|-|2,823|1,696|
|0401 - Ad Hoc/One off Donation|1,743|-|-|-|1,743|12,441|
|0408 - Churchsuite & Contactless|12,597|-|3,384|-|15,981|-|
|0409 - Save the Music|-|-|-|-|-|60|
|0410 - DWR Afghan|-|-|1,700|-|1,700|17,117|
|0412 - Music and Worship|-|-|715|-|715|50|
|0413 - Warm Weekday|-|-|500|-|500|1,963|
|0414 - Piano|-|-|-|-|-|7,000|
|0416 - Vicar's discretionary|300|-|-|-|300|-|
|0417 - Festive refreshments|434|-|207|-|641|-|
|0418 - Parish nurse|-|-|2,643|-|2,643|-|
|0701 - Legacies|-|-|-|-|-|5,000|
|**Other voluntary receipts Totals**|**17,897**|**-**|**9,149**|**-**|**27,045**|**45,327**|
|**Gift Aid recovered**|||||||
|0601 - Gift Aid Collected
unrestricted|13,464|-|-|-|13,464|8,609|
|0602 - Gift Aid Collected -
restricted|-|-|1,816|-|1,816|1,500|
|0603 - GASDS|-|-|-|-|-|569|
|**Gift Aid recovered Totals**|**13,464**|**-**|**1,816**|**-**|**15,280**|**10,678**|
|**Other receipts**|||||||
|0800 - Grant recurring|600|-|-|-|600|-|
|0801 - Grant non recurring|15,862|-|33,055|-|48,917|2,641|
|1205 - Musician fees|-|-|260|-|260|782|
|1206 - Other Fees|1,066|-|-|-|1,066|-|
|1221 - Souper Tuesday and Open
Crypt Donations|-|-|-|-|-|26|
|1312 - Credit for utility payment|1,977|-|-|-|1,977|449|
|**Other receipts Totals**|**19,504**|**-**|**33,315**|**-**|**52,819**|**3,898**|
|**Activities for generating funds**|||||||
|0901 - Fundraising activities|5,487|-|-|-|5,487|-|
|1220 - Hiring Crypt and church|67,332|-|-|-|67,332|39,548|
|1230 - Hiring Crypt - one off|-|-|-|-|-|14,065|
|1241 - Hiring Church - regular|-|-|-|-|-|2,870|
|1242 - Hiring Church - one off|-|-|-|-|-|415|
|**Activities for generating funds**
**Totals**|**72,818**|**-**|**-**|**-**|**72,818**|**56,897**|
|**Investment Income**|||||||
|1001 - Income from M&G Endow|5,261|-|-|-|5,261|5,107|
|1002 - Income from CCLA Endow|4,963|-|-|-|4,963|-|
|1003 - Interests from CCLA CBF|9,792|-|-|-|9,792|10,151|
|1004 - Interest from NW / UT|324|-|-|-|324|24|
|1010 - Rent 16 De Beauvoir|25,551|-|-|-|25,551|26,310|
|**Investment Income Totals**|**45,891**|**-**|**-**|**-**|**45,891**|**41,592**|
|**Receipts from church activities**|||||||
|1101 - Fees for PCC|624|-|-|-|624|1,952|
|1251 - Community Events|-|-|-|-|-|33|
|**Receipts from church activities**
**Totals**|**624**|**-**|**-**|**-**|**624**|**1,985**|
|**Receipts Grand totals**|**207,842**|**-**|**44,279**|**-**|**252,121**|**200,746**|
12
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
|||||**Total**||
|---|---|---|---|---|---|
|**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Thisyear**|**Lastyear**|
|**3 EXPENDITURE**|||||||
|---|---|---|---|---|---|---|
|**Cost of generating funds**|||||||
|1701 - Fees paid to
fund raisers|-|-|-|-|-|330|
|1710 Fundraising cost|10,996|-|207|-|11,203|936|
|**Cost of generating**
**funds Totals**|**10,996**|**-**|**207**|**-**|**11,203**|**1,265**|
|**Missionary and Charitable Giving**|||||||
|1801 - Charity Giving|3,427|-|-|-|3,427|-|
|1802 - Vicar &|||||||
|Churchwarden|-|-|-|-|-|31|
|discretionary fund|||||||
|1804 - DWR Syria|-|-|6,708|-|6,708|1,793|
|1805 - DWR Afghan|-|-|10,467|-|10,467|8,066|
|9901 - Gifts to
individuals|201|-|-|-|201|383|
|**Missionary and**|||||||
|**Charitable Giving**|**3,628**|**-**|**17,175**|**-**|**20,803**|**10,272**|
|**Totals**|||||||
|**Parish Share**|||||||
|1901 - Common Fund|50,000|-|-|-|50,000|25,000|
|**Parish Share Totals**|**50,000**|**-**|**-**|**-**|**50,000**|**25,000**|
|**Clergy and Staffing costs**|||||||
|2001 - Administrator &
events co'or|11,528|-|-|-|11,528|18,898|
|2002 - Bookkeeper|5,788|-|-|-|5,788|-|
|2003 - Casual
Steward|3,877|-|3,163|-|7,040|6,155|
|2004 - Organist|810|-|-|-|810|1,780|
|2005 - Music director|12,678|-|-|-|12,678|5,953|
|2006 - Caretaker|9,931|-|-|-|9,931|11,047|
|2007 - Pension
Scheme|3,042|-|-|-|3,042|2,173|
|2008 - Musicians|1,010|-|2,300|-|3,310|-|
|2010 - Payroll Fees|929|-|-|-|929|1,660|
|2101 - Vicar expenses|1,414|-|-|-|1,414|-|
|2102 - Other clergy -|513|-|-|-|513|43|
|expenses|||||||
|2104 - Other staff
expenses|4,515|-|-|-|4,515|193|
|2105 - Staff Training|258|-|-|-|258|175|
|**Clergy and Staffing**
**costs Totals**|**56,292**|**-**|**5,463**|**-**|**61,756**|**48,076**|
13
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
|**Church Running Expenses**
2106 - Hospitality
2203 - Noisy Church
2204 - General mission and evangelism cost
2211 - Communication - Church
2212 - Comms printing and design
2213 - Website maintenance & development - Church
2214 - Warm weekday
2216 - Parish nurse
2301 - Church running cost
2302 - Cost of services
2303 - Caring for church ground
2304 - Printing & Stationary Church
2306 - Music Related Costs
2307 - Save the Music
2309 - Music and Worship
2310 - Routine maintenance
2311 - Piano
2312 - Bank charges
2314 - Insurance
2401 - Electricity
2402 - Gas & Electricity
2403 - Water
2404 - Pest Control
2405 - Telephone - Church
2406 - Refuse Collection
2407 - Crypt - electricity
2408 - Crypt -Gas
2409 - Crypt - Water
2410 - Crypt Pest Control
**Church Running Expenses Totals**
**Hall Running Costs**
2411 - Crypt - Refuse Collection
2501 - Hire maintenance
2503 - Hire Cleaning
2508 - Telephone - Crypt
2509 - Hire furniture
2510 - 16 De Beauvoir
2512 - Crypt running costs
2514 - Electrical appliances
2519 - Refund of hire
2520 - Broadband crypt - EE
2524 - Legal fees and surveyors
**Hall Running Costs Totals**
**Church Repairs & Maintenance**
2701 - Major Repair Church/Crypt
2901 - Major alterations
**Church Repairs & Maintenance Totals**
**Hall Repairs & Maintenance**
2810 - Major Repair - 16 De Beauvoir
**Hall Repairs & Maintenance Totals**|- -
- -
-
2,254
- -
- -
-
40
4,833 -
- -
4,833
-
- -
- -
-
256
- -
- -
-
487
- -
- -
-
293
- -
755 -
755
203
- -
470 -
470
-
6,779 -
- -
6,779
3,862
- -
- -
-
2,776
- -
- -
-
240
- -
- -
-
4,413
- -
- -
-
2,665
- -
- -
-
300
- -
- -
-
227
5,626 -
- -
5,626
51,307
3,750 -
2,250 -
6,000
6,000
496 -
- -
496
456
6,667 -
- -
6,667
5,492
- -
- -
-
880
7,091 -
4,200 -
11,291
1,671
1,597 -
- -
1,597
384
504 -
- -
504
252
- -
- -
-
391
1,383 -
- -
1,383
607
- -
- -
-
3,960
- -
- -
-
1,669
- -
- -
-
226
- -
- -
-
252|
|---|---|
||
**38,726 -**
**7,675 - **
**46,401**
**91,561**
- -
- -
-
1,017
834 -
- -
834
1,872
13,042 -
- -
13,042
18,753
- -
- -
-
283
769 -
- -
769
264
- -
- -
-
5,004
- -
- -
-
664
- -
- -
-
386
250 -
- -
250
1,122
- -
- -
-
267
3,048 -
- -
3,048
1,577|
||
**17,943 -**
**- - **
**17,943**
**31,208**
35,332 -
- -
35,332
-
108 -
- -
108
-|
||
**35,440 -**
**- - **
**35,440**
**-**
1,697 -
- -
1,697
-|
||
**1,697 -**
**- - **
**1,697**
**-**|
14
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
|**Governance Costs**
2320 - Auditing & Examination
2602 - PCC Cost
2607 - Admin
**Governance Costs Totals**
**Payments Grand totals**|1,035
-
-
-
1,035
795
-
-
-
-
-
360
-
-
-
-
-
262|
|---|---|
||
**1,035**
**-**
**-**
**-**
**1,035**
**1,417**|
||
**215,757**
**-**
**30,520**
**-**
**246,277**
**208,799**|
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **4 ANALYSIS OF EXPENDITURE INCLUDING ALLOCATION OF SUPPORT COSTS**
|**UPPORT COSTS**||||
|---|---|---|---|
||Direct|Support|Total|
||costs|costs|Charitable|
||||Expenditure|
||£|£|£|
|Church Running Expenses|38,726||38,726|
|Independent Examination Fee||1,035|1,035|
|Total|38,726|1,035|39,761|
|**STAFF COSTS**||||
||2023||2022|
||£||£|
|Wages and salaries|50,008||44,225|
|Average number of employees|5||4|
## **5 STAFF COSTS**
## **5(a) RELATED PARTIES**
A small immaterial portion of the expenses paid to the incumbent may have been related to his services as chairman of the PCC.
No other payments or expenses were paid to any other PCC member, persons closely connected to them or related parties.
Donations from related parties (PCC members) during 2023 were £0
15
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **6 ANALYSIS OF TRANSFER BETWEEN FUNDS**
£31,986 was transferred between funds
## **7 FIXED ASSETS**
7a) Tangible Fixed Assets
The charity owns the parish house at 16 De Beauvoir Road valued at £260,000.
7b) Investments
|||31/12/2023|31/12/2022||
|---|---|---|---|---|
|||£|£||
|Market value|1stJanuary|422,365||471,989|
|Gains||31,232|||
|Losses||(2,125)||(49,624)|
|Market value|31stDecember|451,472||422,365|
All investments were held in endowment funds
## **8 CURRENT ASSETS**
The only current assets were bank accounts totalling £191,646 (31/12/2022 £176,172).
## **9 CURRENT LIABILITIES**
The only current liabilities were £10,113 loans received during the year (from the diocese) not falling due until 2025. There were no current liabilities in 2022.
16
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **10 FUNDS**
The charity holds the following funds, and a description of their purpose is attached.
## **Designated funds**
Building - Building maintenance Vicarage redecoration - Vicarage Redecoration Legacy - Legacy Hustwayte
## **Restricted funds**
Catholic life - Catholic Life Community Organisations Cost of Living Fund - National Lottery Community Fund – Community Organisations Cost Of Living Fund Crafty Church - "Crafty Church" Donations for Gifts - Donations For Gifts DWR Afghan - DWR Afghan DWR Syrian - DWR Syrian Music and Worship - Music And Worship Parish nurse - Parish Nurse Piano - Piano RF - Festive refreshments SM - Save the music Vicar's discretionary - Vicar's Discretionary Warm weekday - Warm Weekday
## **Endowment funds**
E - Endowment
17
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **11 SUMMARY OF FUND MOVEMENTS**
**Fund Opening Incoming Outgoing Transfers Gains/Losses Journals Closing**
|**Building**||||||||
|---|---|---|---|---|---|---|---|
|Designated|13,000|-|-|(13,000)|-|-|-|
|**Sub-totals**|**13,000**|**-**|**-**|**(13,000)**|**-**|**-**|**-**|
|**Catholic life**||||||||
|Restricted|-|2,500|-|-|-|-|2,500|
|**Sub-totals**|**-**|**2,500**|**-**|**-**|**-**|**-**|**2,500**|
|**Community Organisations**|**Cost of**|**Living Fund**||||||
|Restricted|-|11,015|-|(6,116)|-|-|4,899|
|**Sub-totals**|**-**|**11,015**|**-**|**(6,116)**|**-**|**-**|**4,899**|
|**Crafty Church**||||||||
|Restricted|-|1,000|-|-|-|-|1,000|
|**Sub-totals**|**-**|**1,000**|**-**|**-**|**-**|**-**|**1,000**|
|**Donations for Gifts**||||||||
|Restricted|500|-|-|-|-|-|500|
|**Sub-totals**|**500**|**-**|**-**|**-**|**-**|**-**|**500**|
|**DWR Afghan**||||||||
|Restricted|28,447|6,200|10,467|279|-|-|24,459|
|**Sub-totals**|**28,447**|**6,200**|**10,467**|**279**|**-**|**-**|**24,459**|
|**DWR Syrian**||||||||
|Restricted|6,819|-|6,708|-|-|-|111|
|**Sub-totals**|**6,819**|**-**|**6,708**|**-**|**-**|**-**|**111**|
|**Music and Worship**||||||||
|Restricted|(47)|1,152|1,900|(210)|-|-|(1,005)|
|**Sub-totals**|**(47)**|**1,152**|**1,900**|**(210)**|**-**|**-**|**(1,005)**|
|**Parish nurse**||||||||
|Restricted|-|9,143|470|35|-|-|8,708|
|**Sub-totals**|**-**|**9,143**|**470**|**35**|**-**|**-**|**8,708**|
|**Piano**||||||||
|Restricted|1,000|1,250|2,250|-|-|-|-|
|**Sub-totals**|**1,000**|**1,250**|**2,250**|**-**|**-**|**-**|**-**|
|**RF**||||||||
|Restricted|-|207|207|-|-|-|-|
|**Sub-totals**|**-**|**207**|**207**|**-**|**-**|**-**|**-**|
|**SM**||||||||
|Restricted|-|-|400|400|-|-|-|
|**Sub-totals**|**-**|**-**|**400**|**400**|**-**|**-**|**-**|
|**Vicarage redecoration**||||||||
|Designated|500|-|-|500|-|-|1,000|
|**Sub-totals**|**500**|**-**|**-**|**500**|**-**|**-**|**1,000**|
|**Vicar's discretionary**||||||||
|Restricted|3,143|75|-|-|-|-|3,218|
|**Sub-totals**|**3,143**|**75**|**-**|**-**|**-**|**-**|**3,218**|
18
|**Warm weekday**||||||||
|---|---|---|---|---|---|---|---|
|Restricted|4,447|11,737|8,118|6,160|-|-|14,226|
|**Sub-totals**|**4,447**|**11,737**|**8,118**|**6,160**|**-**|**-**|**14,226**|
|**General**||||||||
|Unrestricted|78,884|207,842|215,757|11,953|-|-|82,921|
|**Sub-totals**|**78,884**|**207,842**|**215,757**|**11,953**|**-**|**-**|**82,921**|
|**E**||||||||
|Endowment|682,366|-|-|-|8,810|20,296|711,472|
|**Sub-totals**|**682,366**|**-**|**-**|**-**|**8,810**|**20,296**|**711,472**|
|**Legacy**||||||||
|Designated|38,996|-|-|-|-|-|38,996|
|**Sub-totals**|**38,996**|**-**|**-**|**-**|**-**|**-**|**38,996**|
|**Totals**|**858,055**|**252,121**|**246,277**|**-**|**8,810**|**20,296**|**893,005**|
19
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **12 SUMMARY OF ASSETS BY FUND TYPE**
|**12** **SUMMARY OF ASSETS BY FUND TYPE**|**12** **SUMMARY OF ASSETS BY FUND TYPE**|**12** **SUMMARY OF ASSETS BY FUND TYPE**|
|---|---|---|
|**Class and nominal code General Designated Restricted Endowment**
**Total Lastyear**|||
|**Fixed Asset - Investments**
6431: M&G Charifund Income Units G
-
-
-
88,295
88,295
90,420
6434: Vicarage & Hall Endowment B
-
-
-
102,447 102,447
93,637
6435: Vicarage Endowment C
-
-
-
125,369 125,369
114,588
6436: St Peter's Hall D
-
-
-
135,361 135,361
123,720
**Total**
**-**
**-**
**-**
**451,472 451,472**
**422,366**
**Fixed Asset - Tangible Assets**
6437: 16 De Beauvoir Road
-
-
-
260,000 260,000
260,000
**Total**
**-**
**-**
**-**
**260,000 260,000**
**260,000**
**Current Asset - Cash At Bank And In Hand**
20488851: Unity trust Current T2
6,388
-
1,520
-
7,908
-
20488864: Unity trust Instant Access
30,168
-
-
-
30,168
-
6501: NatWest Current account
(66,942)
39,996
57,096
-
30,149
26,490
6504: NatWest Deposit account
-
-
-
-
-
10,536
6506: Soldo Business
4,285
-
-
-
4,285
-
6510: CCLA (CBF) Deposit Account
119,136
-
-
- 119,136
139,136
**Total**
**93,034**
**39,996**
**58,616**
**- 191,646**
**176,162**
**Liability - Agency Accounts**
6699: Agency collections
-
-
-
-
-
473
**Total**
**-**
**-**
**-**
**-**
**-**
**473**
**Liability - Creditors: Amounts falling due after more than one year**
6601: Loans received
10,113
-
-
-
10,113
-
**Total**
**10,113**
**-**
**-**
**-**
**10,113**
**-**
**Net total assets**
**82,921**
**39,996**
**58,616**
**711,472 893,005**
**858,055**
**Represented by**
General (Unrestricted)
82,921
-
-
- 82,921
78,884
Designated - Building
-
-
-
-
-
13,000
Designated - Legacy
- 38,996
-
- 38,996
38,996
Designated - Vicarage redecoration
- 1,000
-
-
1,000
500
Restricted - Catholic life
-
-
2,500
-
2,500
-
Restricted - Community Organisations Cost of Living Fund
-
-
4,899
-
4,899
-
Restricted - Crafty Church
-
-
1,000
-
1,000
-
Restricted - Donations for Gifts
-
-
500
-
500
500
Restricted - DWR Afghan
-
- 24,459
- 24,459
28,447
Restricted - DWR Syrian
-
-
111
-
111
6,819
Restricted - Music and Worship
-
- (1,005)
- (1,005)
(47)
Restricted - Parish nurse
-
-
8,708
-
8,708
-
Restricted - Piano
-
-
-
-
-
1,000
Restricted - Vicar's discretionary
-
-
3,218
-
3,218
3,143
Restricted - Warm weekday
-
- 14,226
- 14,226
4,447
Endowment - E
-
-
- 711,472 711,472 682,366
**Total 82,921 39,996 58,616 711,472 893,005 858,055**|||
||
**-**
**-**
**-**
**451,472 451,472**
**422,366**
-
-
-
260,000 260,000
260,000||
||
**-**
**-**
**-**
**260,000 260,000**
**260,000**
**Hand**
6,388
-
1,520
-
7,908
-
30,168
-
-
-
30,168
-
(66,942)
39,996
57,096
-
30,149
26,490
-
-
-
-
-
10,536
4,285
-
-
-
4,285
-
119,136
-
-
- 119,136
139,136||
||
**93,034**
**39,996**
**58,616**
**- 191,646**
**176,162**
-
-
-
-
-
473||
||
**-**
**-**
**-**
**-**
**-**
**473**
**due after more than one year**
10,113
-
-
-
10,113
-||
||
**10,113**
**-**
**-**
**-**
**10,113**
**-**||
||
**82,921**
**39,996**
**58,616**
**711,472 893,005**
**858,055**||
||Cost of Living Fund
**Total**|82,921
-
-
- 82,921
78,884
-
-
-
-
-
13,000
- 38,996
-
- 38,996
38,996
- 1,000
-
-
1,000
500
-
-
2,500
-
2,500
-
-
-
4,899
-
4,899
-
-
-
1,000
-
1,000
-
-
-
500
-
500
500
-
- 24,459
- 24,459
28,447
-
-
111
-
111
6,819
-
- (1,005)
- (1,005)
(47)
-
-
8,708
-
8,708
-
-
-
-
-
-
1,000
-
-
3,218
-
3,218
3,143
-
- 14,226
- 14,226
4,447
-
-
- 711,472 711,472 682,366|
|||**82,921 39,996 58,616 711,472 893,005 858,055**|
20
## **Parochial Church Council of St Peter’s Church, De Beauvoir Town**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 (continued)**
## **13 PRIOR PERIOD COMPATIVE SOFA 31 December 2022**
||**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior year**
**total**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior year**
**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
New Building work
Governance Costs
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains/losses on investment assets
Gains on revaluation, fixed assets, charity's own
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|34,299
-
-
34,299
38,832
5,357
714
-
6,071
4,390
19,197
26,130
-
45,327
26,568
10,678
-
-
10,678
12,580
3,898
-
-
3,898
70
56,897
-
-
56,897
38,436
41,592
-
-
41,592
37,370
1,985
-
-
1,985
954||
||**173,903**
**26,844**
**- 200,746**
**159,200**
1,265
-
-
1,265
196
383
9,889
-
10,272
770
25,000
-
-
25,000
12,000
48,076
-
-
48,076
37,527
85,007
6,554
-
91,561
29,646
31,208
-
-
31,208
23,520
-
-
-
-
3,060
-
-
-
-
478
-
-
-
-
-
1,417
-
-
1,417
1,883||
||**192,355**
**16,443**
**- 208,799**
**109,079**||
||
**(18,453)**
**10,400**
**-**
**(8,052)**
**50,121**
177,301
53,301
-
230,602
78,102
(179,152) (51,450) -
(230,602) (78,102)
-
-
(49,623)
(49,623)
58,385
use
-
-
-
-
-
**(20,303)**
**12,251**
**(49,623)**
**(57,675) 108,506**
**151,683**
**32,058**
**731,988**
**915,730 807,224**
**131,380**
**44,309**
**682,366**
**858,055 915,730**||
|||**(20,303)**
**12,251**
**(49,623)**
**(57,675) 108,506**|
|||**151,683**
**32,058**
**731,988**
**915,730 807,224**|
|||**131,380**
**44,309**
**682,366**
**858,055 915,730**|
21