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2020-12-31-accounts

St Peter's Church, Monkseaton

Annual Report

and

Financial Statements

of the

Parochial Church Council

for the year ended 31 December 2020

Incumbent:

Vacant

The Vicarage

6 Elmwood Road

Monkseaton

Bank:

Lloyds Bank plc

257 Whitley Road

Whitley Bay

Independent examiner:

Mr David Morrison A C A

11 Beverley Road

Whitley Bay

Registered Charity Number 1131294 St Peter's Church, Monkseaton

Annual Report

for the year ended 31 December 2020

Contents

Annual report and review

Independent Examiner's Report

Statement of Financial Activities

Notes to the Financial Statements

Page Ito2 4&5 6t09

St Peter's Church - Annual Report for 2020 (Continued)

Safeguarding

As a church we are committed to caring for one another safely, being aware of the different levels of vulnerability that p each of us at risk at different times in our lives. Our Safeguarding Policy commits us all, as members of the church community: to prevent all forms of abuse; to promote the safe practice of those in positons of trust; to recruit safely; to seek the inclusion and empowerment of people who may be at risk; and to support, resource and provide training for al those working with children, young people and adults who are at risk. Our Safeguarding Policy is reviewed annually by the PCC and is re-affirmed at our Annual Parochial Church Meeting. The Church appoints a Parish Safeguarding Officer (who in this case acts as our DBS Administrator) and a Children and Vulnerable Adults Advocate annually (Elisabeth Mitchell and Barbara Packer,respectively)

Church attendance

There were 194 parishioners on the Church Electoral Roll in 2020 (194 in 2019), 64 (64 in 2019) of whom are not reside within the parish. Attendance has been materially affected during the year due to the coronovirus pandemic, the church either being closed or with restricted numbers. Therefore comparison with previous years is not appropriate.

There were 3 marriages in Church (1 in 2019) and 12 funerals took place (26 in 2019) of which 3 were held in Church (1 in 2019).

Review of the year

Seeking to be a community 'Gathering in Love, Growing in Faith' and 'Giving Hope to All', celebrating and being guided our core values of 'Faith', 'Hope' and 'Community' 2020 has encompassed so much! Progress continues towards meetin our Mission Action Plan priorities.

We wish Ruth Stradling well as she progresses her Christian journey.

A big thank you to Bishops John Packer and Mark Bryant for enabling services to continue live and by zoom. This has been made possible due to the technical skill provided by Daniel Doran. Grateful thanks.

We are grateful to Pamela Hood for creating the "hub" to enable parishioners to keep in touch with one another and to b informed of local issues during the lockdown.

Marjorie Wilcox has continued her efforts to fundraise and through the above hub has generated funds in the region of £2,500 during the various lockdowns.

Thank you to Janice Clarkson for maintaining the administration reqirements during the year.

The responsibility for our financial wellbeing as a church falls upon the PCC and later in these reports you will find detai of our financial statements for the last financial year.

Planned Giving continues to be the main source of income for the day to day needs of the parish and it was pleasing to see so many parishioners switch from envelope giving to direct bank payments.

Membership of the Planned Giving Scheme fell to 112 in 2020 (127 in 2019). Pledged giving reduced to £60,409, (2019 - £62,932). 85 members (99 in 2018) had been able to Gift-Aid £53,552 of donations (£55,747 in 2019) which has enabled the Church to claim from the Inland Revenue £13,388 (£13,937 in 2019).

Further claims have been made to the Inland Revenue under the Small Donations Scheme. £415 was receivable over the course of 2020 (£2,017 in 2019). This reduction was mainly due to there being very little collection plate income.

The total income amounted to £100,897 (2019 - £126,305) with expenditure totalling £100,590 (2019 - £129,800). This reduction in income was largely due to lack of events income, e.g. Autumn Fayre and loss of hall lettings income. As a consequence it was necessary to reduce our Parish Share payments for the first time in living memory.

On behalf of the PCC

Mrs Helen Clark

17th February 2021

2

Independent examiner's report to the PCC of St Peter's, Monkseaton

This report on the financial statements of the PCC for the year ended 31 December 2020, which are set out on pages 4 to 10, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and the Charities Act 2011 (the Charities Act)

Respective responsibilities of the PCC and the examiner

As members of the PCC you are responsible for the preparation of the accounts; You consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to :

Basis of 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 those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in 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 matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect, the requirements

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met ; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

(signed)

Mr David Morrison A C A 11 Beverley Road Whitley Bay

Date 19th April 2021

3

Parochial Church Council of St Peter's, Monkseaton Balance Sheet at 31 December 2020

Note
FIXED ASSETS
Tangible fxed assets
4
CURRENT ASSETS
Stock
5
Debtors
6
Short term deposits
Cash at bank and in hand
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
7
NET CURRENT ASSETS
LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
FUNDS
Unrestricted
8
Restricted
8		 2020
£
92,484
105
5,224
0
58,808
64,137
(3,791)
60,346
0
152,830
144,654
8,176
152,830		 2019
£
93,608
105
8,014
0
52,275
60,394
(1,479)
58,915
0
152,523
148,141
4,382
152,523

Approved by the Parochial Church Council on 23rd February 2021 and signed on its behalf by:

Mrs H M Clark

Ms H McDermott

The notes on pages 7 to 9 form part of these accounts

5

Parochial Church Council of St Peter's, Monkseaton Notes to the Financial Statements

For the year ended 31 December 2020

4
FIXED ASSETS FOR USE BY THE PCC
Tangible fxed assets
COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for the year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 1 January 2020
5
STOCK
Bookstall stock at cost
6
DEBTORS
Income tax recoverable
Prepayments
Other debtors
7
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors and accruals
8
SUMMARY OF FUNDS HELD
Unrestricted
Funds
£
General fund
28,833
Flower fund
Legacies and gifts fund
13,674
Crosskeys Community Hall fund
100,024
200 club
2,123
Crosskeys Project fund
144,654		 4
FIXED ASSETS FOR USE BY THE PCC
Tangible fxed assets
COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for the year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 1 January 2020
5
STOCK
Bookstall stock at cost
6
DEBTORS
Income tax recoverable
Prepayments
Other debtors
7
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors and accruals
8
SUMMARY OF FUNDS HELD
Unrestricted
Funds
£
General fund
28,833
Flower fund
Legacies and gifts fund
13,674
Crosskeys Community Hall fund
100,024
200 club
2,123
Crosskeys Project fund
144,654		 Freehold land
Plant &
and buildings
equipment
£
£
125,601
41,788
1,650		 Freehold land
Plant &
and buildings
equipment
£
£
125,601
41,788
1,650
125,601
43,438
32,903
2,518
40,878

256
35,421
41,134
90,180
2,304
92,698
910
Restricted
Funds
£

637

3,750


3,789		 2020
105
912
3,675
637
5,224
3,791
3,791
Total funds
2020
£
28,833

637

17,424
100,024
2,123

3,789
144,654
8,176
152,830

9 A legacy of £3,750 was received during the year.(2019 - £nil)

10 It is the PCC's current policy to retain all reserves with a view to meeting the continued costs of

proposed restructuring within the Church and the Crosskeys Community Hall.

Total £

167,389 1,650 169,039

73,781 73,781

92,484 93,608

2019 105

3,066 4,298 650 8,014

1,479 1,479

2019 £ 28,644 593 13,674 104,228 1,595 3,789 152,523

the further