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2023-12-31-accounts

The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield

Annual Report

and

Financial Statements

for the year ended 31st December 2023

1

Index

Annual Report
1 - 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet
10
Notes to the Financial Statements 11-19

2

Administrative information

The Parochial Church Council (PCC) of the Ecclesiastical Parish of St Peter & St Paul, Mansfield is registered as a charity, number 1130303. Its working name is St Peter & St Paul’s PCC, Mansfield.

The Parish Church of St Peter & St Paul, including its principal office, is situated in Church Side, Mansfield, Nottinghamshire, NG18 1AP. It is part of the Diocese of Southwell & Nottingham within the Church of England.

The charity trustees are members of the PCC who are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. PCC members who have served from 1st January 2023 until the date on which this Report was approved are:

Ex Officio members:

Incumbent Rev Dr C J Phillips Curate Rev P A Scott Associate Priest Rev Dr J Curry Churchwarden Mr K Allsop (vice-chair from 25.5.23) Mrs C Barnes Reader Miss M S Tate

Representatives on the Deanery Synod Ms J McIntyre Mrs C Mackie Elected Members: Mrs L Alvey Mrs J E Allen Mrs Christine Bacon (from 17.7.23) Miss S E Clarkson Mr J E Hooton Mr M Jones (Deputy Churchwarden) Mr M Newman (Deputy Churchwarden) Mr G Parker Mrs H Parker (Treasurer) Ms C J Ramsdale (Secretary) Mr I A Robinson (Vice Chair until 25.5.23,Deputy Churchwarden) Mrs J L Robinson Co-opted members: None

3

Structure, governance, and management

The charity is governed by the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.

The method of appointment of PCC members (charity trustees) is set out in the Church Representation Rules. At St Peter & St Paul’s Church the membership of the PCC consists of the incumbent, licensed clergy, churchwardens, reader representative, Deanery Synod representatives and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services are encouraged to register on the electoral roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met 6 times. There was an average attendance of 16.

Given its wide responsibilities the PCC also operates through several sub-committees, which meet between full meetings of the PCC. They report back to the full PCC and all matters are discussed where necessary.

Standing Committee

This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Standing Committee met 6 times during the year on Zoom.

Centre Management Committee

manages all aspects of St. Peter’s Centre.

Ministry team

discusses worship and organises services. It deals with parish ministry including pastoral care.

Social Committee

plans events to encourage fellowship and raise income

Vision Team

Maintains our focus on the 4 priorities of our Vision

Aim and purposes

St. Peter’s PCC has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical.

The PCC is also responsible for the maintenance of St Peter’s Centre, Church Side, Mansfield.

The PCC also supports the relationship between the church and St Peter’s Church of England Primary Academy.

Objectives and activities

The PCC is committed to nurturing people in the Christian faith and enabling as many people as possible to worship and become part of our parish community at St Peter’s. The PCC oversees worship throughout the parish and aims to involve the many groups that live within our parish. Our services and worship put faith into practice through word, sacrament, and prayer.

4

When planning activities, the Incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the Church of St Peter and St Paul and St Peter’s Centre.

Public benefit

St. Peter and St. Paul’s is a charity below the audit threshold. The above religious activities conform to the guidance of the Charity Commission on charities for the advancement of religion, showing identifiable benefits to the wider public in that they are all open to any members of the public who wish to join. In normal times it is believed that they may be encouraged by means of wide publicity in the surrounding area, including circulation of the monthly magazine, online communication and social events.

Achievements and performance

Worship and prayer

The PCC is keen to offer a range of services during the week and over the course of the year that our community find beneficial and spiritually fulfilling. Regular services are held, either in church or electronically, on Sunday, Wednesday, and Thursday. We also hold our monthly ‘Everyone Together’ service, a regular service which aims to include people of all ages and stages of faith. We also held other special service and events around major festivals at Christmas, Holy Week, Easter and Halloween, and also observed special civic and national events on Remembrance day and in celebration of the King’s Coronation.

On 1st January 2023 there were 155 people on the Electoral Roll, of whom 111 did not reside in the parish. 6 names were removed during 2023, 4 due to death. On 31st December 2023 there were 154 people on the Electoral Roll, of whom 108 did not reside in the parish. The average weekly attendance, counted during October, was 76 (65) adults and 10 (2) children in-person plus an average of 63 (61) online views for the Sunday services and an average of 30 views per week for Night Prayer online views, although this number rose when counting special services like schools, baptisms, and funerals. (Figures in brackets are for 2022).

As well as our regular services, we enable our community to celebrate and thank God at milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is complete in this world and to commend the person into God’s keeping. In 2023 we have celebrated (24) baptisms, 2 thanksgiving services, 5 (3) weddings, I renewal of vows and 18 (13) funerals at church with a further 26 (32), 1 of which was a double service for a husband and wife, held at the Crematorium or Cemetery and 1 internment of ashes.

We also enjoy welcoming children from local schools into church for worship and learning. Both St Peter’s Academy and King Edward’s School made their usual visits for Christmas and Easter, with some classes from St Peter’s Academy remaining in church all day to complete

5

RE learning. Clergy also supported the schools by offering collective worship (assemblies) and RE learning in school.

Deanery Synod

Two members of the PCC have sat on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church.

The Church buildings

The church building is open to the public every Wednesday and Thursday mornings, in addition to other ad hoc occasions during the week.

The church building is kept in a good state of repair. Surveys take place at five-yearly intervals and such maintenance and repair work as is advised is carried out on a planned basis. A reserve fund is maintained to enable such work to be paid for without having to make urgent financial appeals. A separate report on the church Buildings and Ornaments will be made at the Annual Meeting.

St Peter’s Centre is also maintained in a planned way based on architect’s reports. An employed manager, two caretakers and some volunteers, enable us to maximise income from letting rooms. Spaces in the car park are also let. Income from both sources goes towards the costs of running St Peter’s Centre to enable it to remain open for use by the church groups and our community.

Pastoral care

Some members of our parish are unable to attend church due to sickness or age. They are offered visits and holy communion at home or in hospital by the ministry team. We also welcome many ad hoc visitors who make contact in search of spiritual support.

St Peter’s Centre is used by several groups connected with our church including Sunday Kids, Scouts, Guides, CAMEO, Mothers Union, Youth Group and Social groups.

Healing services are held three times a year, at which we often welcome visiting preachers. In 2023, prayer ministry was offered during services on the first Sunday of the month.

Mission and Evangelism

St Peter’s supports the Hall Homeless Project, which reaches out to the homeless and vulnerable of our community. St Peter’s Foodbank (a satellite site of Sherwood Forest Foodbank in Mansfield Woodhouse) operates from the church building every Wednesday. A ‘Warm Space’ called Wednesday Warm Welcome, which offers free drinks and snacks in a warm, friendly environment, is held weekly, with a break during the warmest months.

A monthly parish magazine is delivered to subscribers and copies are sent to a local newspaper and two radio companies and are available in Mansfield library, St Peters Centre and in our church. The magazine keeps subscribers informed of important matters affecting our church and includes articles that help develop our knowledge and trust in Jesus.

Ecumenical relationships

Links with the members of the parish of St Mark, Mansfield have continued. Rev Caroline Phillips and Rev James Curry led worship at each other’s churches throughout the year. Our

6

church is a member of Churches Together in Mansfield, and we were pleased to host the annual ecumenical service for the Week of Prayer for Christian Unity once again.

Finances

During 2023 total incoming resources amounted to £214,637. Resources expended totalled £243,535 (of which £156 was for the defibrillator for which we held a separate fund) resulting in a deficit of £28,898. There was a sale of shares in June to supplement the general account however there was a net increase on the book value of fixed and investment assets of £175,634 bringing an overall increase of £155,296. It must be noted that this increase is largely due to the increase in the value of the investment properties and has not increased our cash reserves.

During 2022 the value of the investments were significantly impacted by the economic crisis as a result of the war in Ukraine, political instability and the cost of living crisis however 2023 saw an improvement in the investment markets which bolstered the value of our portfolio. Interest rates rose over the last year and we saw in increase in dividend income from our investments the cost of living crisis continues to impact our income. A Promise Program held in the Autumn of 2023 saw a slight increase in our planned giving but not to the extent that our income will exceed our outgoings.

Reserves

The charity needs reserves to enable it to continue to meet its ongoing commitments. The policy of the trustees is to maintain sufficient reserves to fund the fixed assets of the PCC and to provide adequate working capital. Voluntary income and fundraising can be both unpredictable and variable whilst expenditure tends to continue at a steadily increasing level.

The trustees are aware that, in being responsible for the continuing maintenance of listed buildings (both St Peter & St Paul’s Church and St Peter’s Centre), significant expenditure can arise at short notice. The trustees must plan to meet such expenditure and therefore sums are set aside to meet future major expenditure on the fabric of the church building and St Peter’s Centre building.

The level of total reserves is appropriate to the current situation and requirements of the charity. This policy is reviewed annually.

The trustees declare that this report has been approved by the Parochial Church Council.

Signed on behalf of the charity’s trustees.

C Phillips

Rev Dr Caroline Phillips (Chair)

H.Parker

Heather Parker (Treasurer)

Date 19.3.24

7

The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield

Independent examiner’s report to the trustees of (parochial church council) of The Ecclesiastical Parish of St Peter & St Paul, Mansfield – charity number 1130303

I report to the trustees on my examination of the accounts of The Ecclesiastical Parish of St Peter & St Paul, Mansfield (“the Charity”) for the year ended 31[st] December 2023.

Responsibilities and basis of report

As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination.

I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

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

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

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

Signed: R. Shaw

Name: Richard Shaw

Relevant professional qualification or membership of professional bodies: Association of Chartered Certified Accountants (ACCA)

Address: Beeley Hawley & Co., 42-44 Nottingham Road, Mansfield, NG18 1BL

Date: 19.3.2024

8

Statement of Financial Activities for the year ended 31st December 2023

Unrestricted
funds		 Designated
funds		 Restricted
funds

Endowment
funds		 2023 2022
Incoming resources
Incoming resources from generated
funds
Voluntary income 2a 79,480 2,804 -
-		 82,284 95,180
Activities for generating funds 2b 2,109 7,814 -
-		 9,923 11,426
Investment income 2c 27,380 16,314 58
-		 43,752 31,255
Church Activities 2d 5,938 72,740 -
-		 78,678 64,544
Total income 114,907 99,672 58
-		 214,637 202,405
Resources used
Costs of generating voluntary
income 3a		 - - -
-		 - 97
Fundraising trading: cost of goods
sold and other costs 3b
348		 4,894 -
-		 5,242 4,811
Investment management costs 3c 7,469 - -
-		 7,469 3,591
Charitable activities 3d
137,259		 92,509 156
-		 229,924 183,555
Governance costs 3e 900 - -
-		 900 706
Total expenditure 145,976 97,403 156
-		 243,535 192,760
Net income / (expenditure)
resources before transfer		 (31,069) 2,269 (98)
-		 (28,898) 9,645
Transfers
Gross transfers between funds - in 22,203 - -
-		 22,203 604
Gross transfers between funds - out - (21,938) (265)
-		 (22,203) (604)
Other recognised gains / losses
Gains/losses on revaluation
investment assets 7		 - 3,220 -
172,414		 175,634 (42,709)
Gains/losses on investment assets - 6,697 -
-		 6,697 6,459
Net movement in funds (8,866) (9,752) (363)
172,414		 153,433 (26,605)
Total funds brought forward 11,663 334,071 317,313
**625,796 **		 **1,288,843 ** 1,315,447
Total funds carried forward 2,797 324,319 316,949
**798,210 **		 **1,442,276 ** 1,288,843

9

Balance Sheet

Unrestricted Designated
Restricted Endowment
At
31/12/2023
£
At
31/12/2022
£
Fixed assets
Tangible Assets 6
-
-
100,000
-
100,000
100,000
Investments 7
107,810
-
798,210
906,020
738,689
107,810
100,000
798,210
1,006,020
838,689
Current assets
Debtors 9
7,352
3,683
-
-
11,035
9,720
Cash At Bank And In Hand
508
218,601
216,949
-
436,058
449,905
7,860
222,284
216,949
-
447,093
459,625
Liabilities
Creditors: Amounts Falling
Due In One Year 10
5,063
5,776
-
-
10,839
9,471
5,063
5,776
-
-
10,838
9,471
Net current assets
2,797
216,508
216,949
-
436,254
450,154
Net assets
2,797
324,318
316,949
798,210
1,442,276
1,288,843
Total Funds
2,797
324,319
316,949
798,210
1,442,276
1,288,843
-
-
100,000
-
100,000
100,000
107,810
-
798,210
906,020
738,689
107,810
100,000
798,210
1,006,020
838,689
5,063
5,776
-
-
10,838
9,471
2,797
216,508
216,949
-
436,254
450,154
2,797
324,318
316,949
798,210
1,442,276
1,288,843
2,797
324,319
316,949
798,210
1,442,276
1,288,843

Approved by the Parochial Church Council on 19th March 2024 and signed on its behalf by:

C Phillips

Rev Dr Caroline Phillips (Chair)

H.Parker

Heather Parker (Treasurer)

The notes on pages 11 to 19 form part of these accounts

10

St Peter & St Paul’s PCC, Mansfield

Notes to the Financial Statements for the year ended 31[st] December 2023

1. Basis of preparation and Accounting policies

These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.

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.

Funds

Endowment funds are funds, the capital of which must be maintained. Income arising from investment of the 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 necessarily invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds.

Designated funds are general funds which have been allocated by the PCC for a particular purpose but may, subject to resolution of the PCC, be re-allocated for a different purpose.

Unrestricted funds are general funds which can be used by the PCC for ordinary purposes.

Incoming resources

These are recognised and included in the Statement of Financial Activities (SOFA) when:

Where incoming resources have related expenditure (as with fund-raising income) the incoming resources and related expenditure are reported gross in the SOFA.

Grants, legacies and donations are only included in the SOFA when the PCC has unconditional entitlement to the resources. Planned giving, collections and donations are recognised when received.

Where moneys are collected on behalf of other charities and are immediately paid over, both receipts and payments are excluded from these statements.

11

Income tax recoverable on Gift Aid donations is recognised in the same accounting period as the gifts to which they relate.

Dividends and interest are accounted for when receivable. All incoming resources are accounted for gross.

Resources expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the PCC to pay out resources.

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) of the Charities Act 2011.

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).

Freehold properties held for the PCC's own use are carried in the balance sheet at the trustees’ best estimate of fair value on the open market as at the year end. Freehold land and freehold buildings are dealt with separately. In view of the considerable restrictions on the use of the buildings, their situation within a Conservation area, their Grade II Listed status and the PCC’s policy of maintaining the building the PCC has determined that both the annualised and cumulative depreciation provisions are immaterial and so no depreciation is charged. An annual review for any identifiable impairment of each asset’s service potential is made and any significant reduction in the asset’s value is written off in the Statement of Financial Activities.

Equipment costing or valued at £1,000 or more when acquired is depreciated on a straightline basis over 4 years. Individual items of equipment with a purchase price of less than £1,000 are written off as acquired.

Investment assets are included in the balance sheet at the trustees’ best estimate of their fair value on the open market. Any gains or losses arising on annual revaluation are transferred to the Statement of Financial Activities.

12

2. Incoming Resources
2a Voluntary Income
Planned giving (bank)
Planned giving (envelopes)
Tax refunds
Collections (open plate)
Donations
Grants
Legacies
Subscriptions
Candle box
2b Activities for Generating Funds
Fund-raising
Trading Sales
2c Income from Investments
House rents
Bank interest
Dividends
Interest on short term deposit
2d Church Activities
Centre room rents
Car park rents
Church Fees
Incoming Total		 General
Designated
Restricted
2023
2022

43,960
-
-
43,960
45,220
1,828
-
-
1,828
3,156
13,897
-
-
13,897
13,728
4,536
-
-
4,536
5,734
4,116
1,185
-
5,301
5,625
10,000
1,250
-
11,250
1,505
1,000
-
-
1,000
20,076
-
369
-
369
-
141
-
-
141
136
79,480
2,804
82,282
95,180
1,518
4,735
-
6,253
6,422
591
3,079
-
3,670
5,004
2,109
7,814
9,923
11,426
14,901
-
-
14,901
13,764
29
16,314
58
16,401
2,610
12,450
-
-
12,450
14,880
-
-
-
-
1
27,380
16,314
58
43,752
31,255
-
61,501
-
61,501
51,090
-
11,239
-
11,239
9,414
5,938
-
-
5,938
4,040
5,938
72,740
78,678
64,544
114,907
99,672
58
214,637
202,405

13

General Designated Restricted 2023

2022

3 Expenditure

3a Costs of Generating Voluntary
Income
Stewardship expenses
3b Fundraising Trading Costs
Fund raising and trading costs
3c Investment Management
Costs
Investment Property Costs
3d Charitable Church activities
Donations - overseas relief
Donations - home mission
Diocesan Parish share
Ministry expenses
Volunteers expenses
Church running and maintenance
Service Expenses
Mission costs
Group activities
Centre running costs
Salaries
Administration
3e Governance costs
Independent Examination fee
Architect fees
Expenditure Total		 -
-
-
-
97
-
-
-
-
97
348
4,894
-
5,242
4,811
348
4,894
5,242
4,811
7,469
-
-
7,469
3,591
7,469
7,469
3,591
-
50
-
50
-
40
150
-
190
-
87,792
-
-
87,792
81,372
1,867
-
-
1,867
1,645
1,225
-
-
1,225
635
34,280
-
156
34,436
25,129
1,360
976
-
2,336
3,438
-
-
-
-
50
27
352
-
379
-
-
43,344
-
43,344
18,391
8,136
45,854
-
53,990
49,840
2,532
1,783
-
4,315
3,054
137,259
92,509
156
229,924
183,555
900
-
-
900
-8
-
-
-
-
714
900
-
-
900
706
145,976
97,403
156
243,535
192,760

14

4 Staff Costs

Salaries
Social Security Costs
Pension Costs		 2023
2022
49,960
47,561
3,065
1,627
965
652
53,990
49,840

Average Number of Full Time equivalent employees in the year 3.16 2.65

During 2023 the PCC employed an office secretary, centre manager, centre caretaker and assistant caretaker.

There were no employees with emoluments over £60,000. There were no other disclosable transactions in respect of PCC members or persons closely connected with them or other related parties. No adjustment has been made for any holiday pay due to employees but not taken at the year end. Holiday pay accrues over a 12 month period ending on 31st March. Holiday is taken at times which are mutually agreed and these are normally spread over the year. In the opinion of the PCC any holiday which has accrued but not yet been taken at any time is immaterial.

5 Related Parties

A small immaterial portion of the expenses paid to the incumbent may have related to her services as chair of the PCC. No other payments or expenses were paid to any other PCC member, persons connected with them or related parties.

6 Tangible Fixed Assets

Cost/valuation
Valuation at 1st January
2023
at 31st December 2023
Depreciation
at 1st January 2023
change for the year
at 31st December 2023
Net book value
at 1st January 2023
at 31st December 2023		 Freehold
Freehold
Land
Building
£
£
50,000
50,000		 Equipment
Total
£
£
100,000
50,000
50,000		 0
100,000
50,000
50,000		 0
0
0
0
0
100,000
50,000
50,000		 0
100,000

The freehold land and building comprise St Peter's Centre, Church Side, used as a community centre and church hall.

15

7 Investment fixed assets

Property, 4 Baums Lane, Mansfield
Property, 85 Delamere Drive, Mansfield
13534.23 CBF Investment fund shares
4769.24 CBF Investment fund shares
1496.42 CBF Investment fund units
81 CBF Investment fund units
71.06 CBF Investment fund units
Movements in the year
Market value at 1 January 2023
Disposal Proceeds
Realised gain
Net (loss)/gain on revaluation
Market value at 31 December 2023		 Original
cost
£
32,898
22,380
149,132
56,999
3,082
457
375		 2023
2022
Market Income Original
Market
value
cost
value
£
£
£
£

220,000
6,791
32,898
111,100

235,000
7,560
22,380
201,000

305,945
8,269
149,132
279,636

107,810
3,162
65,302
112,893

33,828
925
3,082
30,918

1,831
50
457
1,674

1,606
44
375
1,468		 2023
2022
Market Income Original
Market
value
cost
value
£
£
£
£

220,000
6,791
32,898
111,100

235,000
7,560
22,380
201,000

305,945
8,269
149,132
279,636

107,810
3,162
65,302
112,893

33,828
925
3,082
30,918

1,831
50
457
1,674

1,606
44
375
1,468
265,323
906,020
23,869
273,626		 738,689
2023
£
738,689
(15,000)
6,697
175,634
906,020		 2022
£
789,939
(15,000)
6,459
(42,709)
738,689

8 Leases

The investment properties at 4 Baums Lane, Mansfield and 85 Delamere Drive, Mansfield are let through agents on shorthold tenancies. The gross rents receivable at 31st December 2023 were £550 and £630 per calendar month respectively.

9 Debtors

Debtors
10 Liabilities		 2023
2022
£
£
11,035
9,720
11,035
9,720
Creditors 2023
2022
£
£
10,838
9,470
10,838
9,470

16

11 Fund Details

Fabric fund- (income restricted for fabric repairs)
1496.42 CBF Investment fund units
Hameyer Trust fund- (income designated for service expenses)
81 CBF Investment fund units
PCC Capital fund- (income unrestricted)
Property - 4 Baums Lane
Property - 85 Delamere Drive
13534.23 CBF Investment fund shares
SDBF Chancel fund- (income restricted for chancel repairs)
71.06 CBF Investment fund units
Children fund- (capital and income restricted for children)
Cash at bank and in hand
Fabric fund- (capital and income restricted for fabric repairs)
Short-term deposits
PCC Capital fund- (income unrestricted)
Property - St Peter's Centre
SDBF Chancel fund- (accumulated income restricted for
chancel repairs)
Short-term deposits
Special Projects fund- (fund raising for defibrillator)
Cash at bank and in hand		 2023
2022
£
£
33,828
30,918
1,831
1,674
220,000
111,100
235,000
201,000
305,945
279,636
1,606
1,468
798,210
625,796
2023
2022
£
£
5,918
6,183
210,559
210,559
100,000
100,000
473
415
-
156
317,215
317,313

17



12 Movement of the major funds
General fund
Incoming resources
Transfers in
Resources used
Net movement in fund
Balance brought forward
Balance carried forward
Centre management fund
Incoming resources
Transfers in
Resources used
Net movement in fund
Balance brought forward
Balance carried forward
Fabric fund
Incoming resources
Transfers out
Resources used
Loss/Gain on revaluation
Net movement in fund
Balance brought forward
Balance carried forward
PCC Capital fund
Transfers out
Loss/Gain on revaluation
Net movement in fund
Balance brought forward
Balance carried forward
Special Projects fund
Incoming resources
Resources used
Transfers out
Net movement in fund
Balance brought forward
Balance carried forward		 Unrestricted Designated Restricted Endowment
Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
£
£
114,907
-
-
-
114,907
105,295
22,203
-
-
-
22,203
14,904
(145,975)
-
-
-(145,975) (124,054)
(8,865)
-
-
-
(8,865)
(3,855)
11,663
-
-
-
11,663
15,518
2,798
-
-
-
2,798
11,663
-
78,658
-
-
78,658
67,356
-
-
-
-
-
-
-
(91,651)
-
-(91,651)
(67,702)
-
(12,993)
-
-
(12,993)
4,654
-
77,374
-
-
77,374
72,720
-
64,381
-
-
64,381
77,374
-
9,536
-
-
9,536
2,153
-
(2,354)
-
-
-
-
-
-
-
-
-
(541)
-
-
-
2,909
2,909
(4,125)
-
7,182
-
2,909
12,445
(2,513)
-
13,167
210,559
30,918
254,644
257,157
-
20,349
210,559
33,827
264,735
254,644
-
(15,000)
-
-
-
-
-
9,917
-
169,209
164,126
(53,584)
-
(5,083)
-
169,209
164,126
(68,584)
-
112,893
100,000
591,736
804,629
851,336
-
107,810
100,000
760,945
968,755
782,752
-
4,274
-
-
4,274
20,524
-
-
(156)
-
(156)
(94)
-
-
-
-
-
-
-
4,274
(156)
-
4,118
20,427
-
110,773
156
-
110,929
90,503
-
115,047
0
-
115,047
110,929

18

13 Contingent liability

Note: The fabric fund Restricted Total of £210,559 includes £180,876 remaining from a single legacy received in 2009. At the date of these accounts the application of this amount is yet to be agreed.

The freehold of St Peter’s Centre was purchased on 8 November 2002 at a cost of £102,825. The deed of transfer contained a provision that if, prior to 8 November 2082, planning permission is granted for use of the property other than as a community centre and church hall, then an additional sum would be payable to the vendor calculated at 60% of any resultant increase in value.

19