Parochial Church Council of St. Peter's Weston Favell Annual Report and Accounts Year ended 31 December 2024 Charity Number 1130591 Parochial Church Council of St. Peter's Weston Favell Annual Report and Accounts Year ended 31 December 2024 Contents Page Trustees, Report Treasurerfs Report io Independent Examiner's Report li Principal Accounting Policies 12-13 Statement of Financial Activities 14 Balance sheet 15 Notes to the Accounts 16-21 Parochial Church Council of St. Peter's Weston Favell Trustees, Report Year ended 31 December 2024 Administrative information st Peter's Church is situated in Weston Favell, Northampton. It is part of the Diocese of Peterborough within the Church of England. The Correspondence address is St Peter's Parish Office. St Peter's Church Hall, High Street, Weston Favell, Northampton. NN3 3JX. The Parochial Church Council IPCCI is a charity registered with the Charity Commission with number 1130591. PCC members who Se￿ed from l January 2024 until the date this report was approved are: Posltion Incumbent Curate Assistant Priests Nome Reverend Canon Beverley Hollins Reverend Evie McNally Reverend Canon Michael Webber" Note Co-optedfrom 3 December 2024 Reverend Doug Spenceley Joy Matsel Phil Norris Lorraine Bewley-Tippler John Fazackerley Clare Pearce. Sue Pinington Hilary Spenceley Tessa Cave Emma Cooper Mark Ellis Peter Halstead Mike Hicks Honor Pacey Josephine Peach Rosemary Pestell Robbie Walker Wendy Wheeler Levinia Williams Ellie-j Wooding John Hunt Churchwardens Representatives of the Deanery Synod Elected members From 28 Apri12024 Unti128April 2024 From 28 April 2024 Co-opted members l*also member of the Diocesan Synod) ** PTO from October 20241 Structure• govemance and management The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure119561 as amended. The method of appointment of PCC members is set Olrt in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and to consider standing for election to the PCC. Page I Parochial Church Council of St. Peter's Weston Favell Trustees, Report (continued) Year ended 31 December 2024 Alms and purposes The PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Churchs pastoral, evangelistic, social and ecumenical. The PCC is 3150 specifically responsible for the maintenance of St Peter's Church Building in Weston Favell, together with the Church Hall and Peterfs Patch. Objectives and Activities The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St Peter's. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our service5 and worship put faith into prartice through prayer and scripture. music and sacrament. When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In p3rtiCLJlar, we try to enable ordinary people to live out their faith as part of our parish community through- Worship and prayer; learning about the Gospel: and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Mission and outreach work. To facilitate this work, it is important that we maintain the fabric of the Church of St. Peter's. Work ofthe PCC The PCC met 6 times in 2024 and continued to develop our action plan for the 2023 Vision. both through sub-committees and in PCC meetings. Our Vision is St Peters is a welcomingfamily where we ollfollowjesus together. Over the nextfive yearsfrom 2023, in order to growstronger os thot Christe result of our work in 2024 was a request from NPAT- the academy trust that ovr school is affiliated to- to offer the 2025 programme to other schools within the wider trust. So in January 2025 our work on Henry V was offered to all 420 children at Weston Favell Primary School, again with an adapted programme for younger children, and across a second week the stations were placed in church and nine schools took part. We 3150 offered the opportunity to use the stations to home schooled children. Across the week 23 volunteers, including some from other churches, worked with the nearly 800 children that visited. Eco and Fabric team St Peters wa5 awarded the A Rocha silver Eco Church Award in the Autumn of 2023. We are committed to the importance of improving the church's environmental culture. Our ministry team have fully taken on board the need to teach and pray about caring for God'5 creation. We have an annual Climate Sunday, but environmentsl issues are a regular feature of our intercessions and worship. We have also sUPPOrted environmental charities with our fund-raising activities. We are members of the Ecumenital Eco group in Northampton, and were glad to host a lively ecumenical celebration in November with speaker Ruth Valerio. The new Church hall boiler has reduced our gas usage. The church heating system is controlled remotely to ensure as much efficiency as possible. Many lights have been changed to LEDS and will continue to be changed as an ongoing commitment to continue to make improvements wherever they can. Within the church grounds there are wildflower areas. hedgehog and bird boxes and wild corners with bug hotels and log piles. Bike racks have been installed and the reduction of car use is encouraged within the church. Charitable Enterprise Details of charitable giving is set out in note 8d to the accounts. We are pleased to report that over £10,500 was raised. Church member5 continued to generously support the work of Weston Favell Foodbank by volunteering and providing donations of food and supplies. We acknowledge that there has been a large rise in demand in the number of people using the foodbank. As such, we encourage people to continue to donate regularly to the foodbank. supporting local people who are in great need. Page 9 Parochial Church Council of St. Peter's Weston Favell Trustees, Report (continued) Year ended 31 December 2024 The same is true of the work of Baby Basics, and our donations in our 2024 Christmas appeal filled a vanl 22 crlbs and countless boxes of clothe5, nappies 2nd other baby 5upplie5 were sent to the local brarbch. Sadly, these generous donations will have been used all too quitkly, as there is so much need, 50 we encourage continued regular gifts in the Baby Basics collettion box in the church porch. We have added one more collection box in the porch in partnership with our church school, who have adopted Shoe Aid as a charity, and collect unwanted shoes which Show Aid recycles, repairs and redistributes to people in need. This charity was highlighted as part of our Henry V Shakespeare project, and we continue to encourage members not to throw old shoes away but to bring them arbd put them in our Shoe Aid box. They can be in any condition- Shoe Aid will take parts from badly damaged shoes to repurpose. Mothers, Unlon Mothers, Union is a growing group at St Peterfs. All our members Imale and female) are regular communicants and are committed to the Christian ethos of the Mothers, Union. The faith of members is demonstrated through action. Monthly meetings are held with a programme of Speakers, services and social events. A priority for all 15 to give prayerful and practical support to MU project5 and campaigns. Within this parish. members 5UPPOrt our Baptism ministry and outreach by sending anniversary cards to 311 those Christened at St Peter's, as well 35 supporting charitable activities such as Baby Basics and Foodbank. Keeping in Touch As well as our Facebook page, we contlnue to maintain our website on the 'A Church Near You, site. and in 2024 were commended a as model of good practice. Congratulations go to John Fazackerley for setting such a high standard. A newsletter was irbtroduced in the Autumn of 2024 which enabled us to Share information with church member5 while reducing our impact on the environment, as Sunday handout lloticesheets are no longer needed. Partnership wlth the local community is important to St Peterf5, and we continue to work in partnership with local community organisations to offer events for the whole community. Ministry Team St Peter's Ministry Team consists of.. Rector Clergy Team Members Reverend Canon Beverley Hollins Reverend Evie McNally Reveiend Canon Michael Webber Reverend Doug Spenceley Hilary Halste3d Clare Pearce Sue Pinington IAlso Anna Chaplain) Rosie Rushton Iretired 31 March 20241 Ginny Faiackerley (retired 14 January 20251 Matthew Woodward Ifrom September 20241 Licensed Readers Licensed Lay Pastoral Minister Trainee Lay Pastoral Minister Page 9 Parochial Church Council of St. Peter's Weston Favell Trustees, Report (continued) Year ended 31 December 2024 Fabrfc The last Quinquennial Inspertion of the Church indicate that 3 significant amount of repairs was required wlth an estirnated cost of over E30,000. The PCC, using the services of a fundraiser. rase sufficient grants to supplement the existing Fabric Fund and the ongoing fundraising by the Friends of St Peters, and the repair work started late in 2024 and continued into the early part of 2025. Safeguarding The PCC ha5 complied with the duty under Section 5 of the safeguarding and Clergy Discipline Measure 2016 Iduty to have regard to House of Bi5hop5' guidance on safeguarding children and vulnerable adults). Financial review The financial review is contained within the Treasurer's Report on page 8. Reserves policy The PCC currently considers that the Church should hold reseryes to cover approximately two months of expenditure plu5 3 further one months of salary costs. together with an amount to cover future fabric costs and redundancy entitlement. In total this amounts to approximately £50,000. At 31 December 2024, free reserves totalled approximately £104,000. Thanks As ever, all of the good things described in this report, and indeed the many things which we have not had spate to include, are a result of the generosity of members financially, and in giving of their time and talents in many different ways. If we added up the hours spent volunteering in church, in school, and elsewhere, the number would no doubt be astonishing. We together, the body of Christ, work as his body to further the mission of the church; to tell people the good news, teach God's story, tend to God's people, to transform society justly and to treasure 311 of God's creation. For all that each person does, we give thanks. In the words of St Paul.. l always thank my God for you and for the gracious gifts he has given you.11 Cor 1.41. On behalf of the Trustees Reverend Canon Beverley Hollirbs Rector 25 March 2025 Page 9 Parochi31 Church Council of St. Peter's Weston Favell Treasurerfs Report Year ended 31 December 2024 The income for the year was E161,395 compared to E154,795 in 2023. Excluding charitable giving and money raised by Friends of St Peters, planned giving, donations and consequently gift aid income increased by over £3,000. Friends of St Peters raised £1,620 for the Fabric Fund. compared to £3,607 in the previous year. Grants for the quinquennial work of £5.345 were received in the year. Total expenditure was £173,847 compared to £173,269 in 2023. We benefitted from unrealised gains on investments of £7.250 compared to gains in 2023 of £18,024. We raised £10,689 for 14 different Charities. I could not do the job of Treasurer without the support of many people, and I would like to thank everyone who has helped me in any way. however small. I would like to thank in particular the following people.. John Fazackerley. who produces the formal accounts that you have before you, Carol Fordyte, who extracted large amounts of Gift Aid from HMRC until she retired from that role during 2024, Jackie Payne, who looks after the PAYE for the Parish employees and Howard Leatherland, our independent examiner. Lastly. for their help and general support throughout the year, I would like to thank the Churchwardens and the aergy. John Hunt 25 March 2025 Page 10 Parochial Church Council of St. Peter's Weston Favell Independent Examinerfs Report Year ended 31 December 2024 I report on the accounts for the year ended 31st December 2023. Respertive responsibilities of the PCC and the examiner As trustees of the charity. the members of the PCC are responsible forthe preparation of the accounts. They consider that an zudit Is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Artl and that an Independent examination is needed. Basis of this report My examination was carried out in accordance with the General Dirertions 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 those records. It also includes consideration of any unusual items or disclosure5 in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attentlon: which gives me reasonable cause to believe that in any material respert the requirements: to keep accounting records in accordance with section 137 of the Act; and b. to prepare financial statement5. which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met: or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Howard Leatherland 25 March 2025 Page 11 Parochial Church Council of St. Peter's Weston Favell Principal Accounting Policies Year ended 31 December 2024 The financial statements have been prepared to give a "true and fairf view and have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to give a "true and fairf, view. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20161- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and Charities Act 2022. St Peterfs Weston Favell meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant attounting policy notelsl. The financi31 statements do not include the accounts of church groups that owe their main aff iliation to another body nor those that are informal gatherings of church members. Funds Endowment funds are funds. the capital of which must be maintained; only income arising from the investment may be used as restrirted or unrestricted funds depending upon the purpose for which the endowment was established Restricted funds represent lal income from trusts or endowments which may be expended only on those restricted objects provided for in the terms of the trust or bequest and Ibl 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 objett for which they were given. Any balance remaining unspent at the end of each year must be carried forward a5 2 balance on that fund. Unrestricted funds are general fund5 which can be used for any PCC ordinary purposes. If the PCC sets aside part of these funds for a particular purpose these are ￿lled Designateif Funds. Funds SO designated may be redesignated by the PCC and so these funds can be spent for any purpose. Page 12 Parochial Church Council of St. Peter's Weston Favell Principal Accounting Policies (continued) Year ended 31 December 2024 Income All monetary donations are included in f ull in the Statement of Financial Activities when receivable, provided that there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition is deferred until the pre-condition has been met. For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted. the estate has been finalised and notification has been made by the executorlsl to the Charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably. and the Charity ha5 been notified of the executods intention to make 3 distribution. Where legacies have been notified to the Charity or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Investment income is retognised when receivable. Dividends are recognised once the income has been declared and notification has been received of the dividend due. All other income is recognised when it is receivable and is accounted for Bross. Resources used Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to the expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably Property, plant and equlpment Consecrated and benefice property is not included in the financial statements in accordance with the Charities Act 2011. Other fixed assets are included at cost and are depreciated over their estimated lives as follows- Church Hall Organ Equipment Audio Visual equipment 50 years 15 years 5 years 10 years All expenditure incurred in the year on consecrated or beneficed buildings, individual items of equipment with a purchase price of less than £500 and costs of refurbishment are expensed. Investments Investment5 afe a form of basic financial instrument and are initially recognised at their transartion value and subsequently measured at their fair val¥Je as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Page 13 Parochial Church Council of St. Peter's Weston Favell Balance Sheet at 31st December 2024 (£) Note 2024 2023 PROPERTY, PLANT & EQUIPMENT 110,717 118,292 CURRENT ASSETS Debtors and prepayments Cash at Bank 7,263 56,265 7,373 22,015 Central Board of Finance Investments Deposit accounts Global Equity Income Fund Fixed Interest Accounts Investment accounts 21.402 71,165 29,292 32,668 218,055 {24,1531 19,684 95,502 28,434 31,937 204,945 113,4161 Creditors Net Current Assets 193,902 191,529 TOTAL ASSETS 304,619 309,821 REPRESENTED BY: General Fund Designated fixed asset fund Designated Legacy Fund Fabric Fund Charitable giving Otherfunds Ekins Grant Fund Rertor's Fund Endowment Fund - Moore Bequest TOTAL FUNDS 32,938 110,717 71,165 19,167 17,066 118,292 96,957 12,088 8b 8c 8d 516 4,528 9,352 56,236 304,619 516 689 9.398 54.815 309,821 8f 8g 8h Approved by the Parochial Church Council at its meeting on 9 April 2024 and signed on its behalf by: Canon Beverley Hollins Rector Page 15 rtl c¥ ￿ O r4 ￿ LTS m Ln mty lj, ll's1iA i& 1511551 111&i$li 4 0 VJ (O tn Ln 0002vqu4_ r*NO )0 oooEu Parochlal Church Council ot St. Peterf5 Weston Favell Notes to the Accounts forthÈ year Ènded 31st Detetnber 2024 2 D¥fAILS OF EXPENDITURE IcontlnuÈdl a Church Hall RunningC05ts 2024 2023 L48ht, heat, water & Insurance Administration Cleanin8 and care. repairs & maintenance 3,942 1.350 14,819 20.111 4.743 1.300 14,172 20,215 3 STAFF COSTS 2024 20Z3 Wages and salaries Pension cost5 14,616 368 14.224 286 14,984 14,510 Certaln organist Costs and Caretaker costs are not included above where they a￿ sell employed. 4 PAYMENTS TO PCC MEMBERS Included in the wage5 and sa13riÈs casts *bove are paytnents to PCC members or persons closely related to them a5 follows". In their role of parttime emplOye￿.- Clare Pearce E5,40812023'. E5.2501. A small immaterial portion of the expense5 paid to the Rertor, the Assistant Priests & the Curates may have related to their services a5 member5 of the PCC. No other payrnents or expen5e5 were paid to any other PCC memberp persons closely connected to them or related parties. S PROPERTY. PLANT AND ÉQLIIPMÉNT Church Hall Orgah E4ulpment AV Equipment Total C05t At begSnninE of year Additions Di5P05als At end of year Depreciation At beginning of year Charged in year Disposals At end of year 161.455 14.726 3,054 39,826 219.061 161.455 14,726 3,054 39,826 219,061 78,000 3.000 14,726 2,069 592 5,974 3.983 100.769 7.575 81,000 14,726 2,661 9.957 108.344 Carrying value At end of year At beginning of year 80.455 393 29,869 110,717 118,292 83.455 985 33,852 page 19 Parothlal Church Councrl tsf St, Peter's Weston Favell Notes to the Ac¢ourttsforthe year ended 3tst Decernber 2024 6 DEBTORS 2024 2023 Tax reclaims Rental income receivable Prepayments & accrued income 1,729 1.867 3.667 7,263 1,381 880 5,112 7,373 7 CREDrroRS 2024 2023 Accruals & deleired Income. Income receiv￿ In advance Choir fees & donation5 Fund ull5pent Mothers Union Fund Charity balan£e5 J9,143 6.458 3.757 134 1,118 24,153 4.797 134 2.027 13,416 The charlty balance5 represent 8mounts Collected but not yet paid over. 2024 include5 £15,781 of 2024 Parish Share paid after the year end 8 FUNDS The tran5fer5 in the year represent cost of use of f4cilitiÈs bychildr@n & youth activities An31y515 of fuThds Property, plant & equipment Current Current 55ets Net funds General Fund Oesignated fmed assetfund Designated Legacy Fund Fabric Fund Chaiitable giving Other funds F￿n$ Grant Fund Rector'5 Fund Endowment Fund_ Motrre Be4uest 55,973 123.0351 32.938 110,717 71,165 19,167 110,717 71.165 19.167 1,118 516 4,528 9,352 56,236 218,055 11.1181 516 4.528 9,352 56.236 304,619 110.717 124,1531 8a Fixed asset fund The Fixed Asset Fund reflects the amount of fixed assets held bythe PCC. net of deprecIat￿n. 8b Oesignated Legaey Fund This represents major legacies re￿l¥ed ènd sÈt èsidÈ by the PCC forsignrficant projects a5 declded fiom time to tlme. The incorne on investments is credited to the general fund. 8c Restrirted Fabric Fund This represent5 arnounts donated for repair5 and refurbishment of the Chtsrch Building less amounts expended paEe 20 Parochial Church Council of Sl. Peter's Weston Favell Notes tothe Accounts for the year ended 315t December 2024 8 FUNDS Icontinuedl 8d Restricted Charitable Fund Thi5 represents monies ra￿ed specifically for charitable cèuses. Monies raised and paid out (including gtft aidl are as follows.. 2024 2024 Christian Aid Sprlng Lunth Wednesday 10am Ser%4te I,ioi 340 1,441 39 Childrens Soclety Mothers Union Charities Cruse Bereavement usader Boating Streetwise Opera International Red Cross Ukraine- Docto¥s Without 8orders Childrens Sctiety Bishops Charity Foodbank Cornmunity Law SeNce N￿H Transform Trade Lent Lunch Lent lunch Lent Lunch Lent Lunch Lent Lunch Lent Lunch Lent Appeal Confirfflation Service Collection Harvest Appeal Autumn Lunch Chri5twnas Appeal Traid£raft profirs Total 1.034 I,uoi 870 1,136 863 1.292 939 202 20 640 772 10,689 "plu5 donations of £22S made direct 2023 2023 Christian Ald Spring Lunch Wednesday 10am Servlce ChristinEle Colwion Lent Lunch Lent Lunch Lent Lunth Lent Lunch Lent Lunch Lent Appeal Confirmation Service Ctslledion Harvest Appeal Autumn Lunch Christmas Appeal Christmas Appeal Tr3idcraft profits Total 1.321 158 37 63 1.479 Children5 Society 100 1,350 1,220 1.617 881 967 1,074 Renewable World Northarnpton Conlact CentrÈ Ukraine Medical Express Christvan Against Poverty- Training for St Andrews Barnabas Aid MIND Chri5tk7n5 Against Poverty Foo(5bank A Rocha NAASH Baby Basic5 TraTh5form Trade 539 810 652 652 575 12.124 In addition support wa5 given by parishioners lo Weston Favell Foodbank and Baby Basics. Se Oth¢rlunds Fund brought forward Incomln8 resources Resources Used Fund ￿rrIed forward Trdn5feTS War rn2rnorial fund 516 516 Total 516 516 81 Restricted Ekins Grant Fund This Grant Fvnd is restricted for work with children ènd yoursg people under 2S. 88 Restricted RErtor's Fund Thi5 Restricted Fund 15 Utsderihe control of the Rectorwho may spend the funds at their cliscretlon. It Is generated from income frorn the MoorE Beque51 Endowfnent Fund. 8h Moore Bequest Fund This is a Endowrnent Fund Set up bya preirious legacy to be invested and the Income generated paid into the Reilor'5 Fund. p4Ke 21