St Peter's Church, Monkseaton
Annual Report
for the year ended 31 December 2021
Contents
| Page | |
|---|---|
| Annual report and review | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 & 5 |
| Notes to the Financial Statements | 6 to 9 |
St Peter's Church - Annual Report for 2021
Administrative information
St Peter's Church is situated on the corner of Woodleigh Road and Elmwood Road, Monkseaton, Whitley Bay. The correspondence address is St Peter's Vicarage, 6 Elmwood Road, Monkseaton, Whitley Bay, NE25 8EX.
Membership
Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
During the year the following served as members of the PCC.
| Incumbent: | Revd Dr H F Cleugh | Inducted 04 November 2021 |
|---|---|---|
| Wardens: | Mrs H M Clark | Resigned 25 April 2021 |
| Mrs J Coulson | Appointed 25 April 2021 | |
| Ms H McDermott | ||
| Readers: | Mrs J V Porter | Member of Deanery Synod |
| Representative on | ||
| the Diocesan Synod: | Mrs E Doran | |
| Representative on | ||
| the Deanery Synod: | Mrs P A Hood | |
| Elected members: | Mrs A Baglee | Left 25 April 2021 |
| Mrs J E Clarkson | Appointed 25 April 2021 | |
| N J Coulson | ||
| D J L Doran | Secretary - Appointed 25 April 2021 | |
| Mrs S Horn | ||
| Mrs A McKeith | ||
| Mrs A Matthews | Appointed 25 April 2021 | |
| Mrs E Mitchell | ||
| Miss A Smith | Secretary - Retired 25 April 2021 | |
| A Sneddon | Treasurer | |
| S P Storey | Resigned 25 April 2021 | |
| Mrs S L Storey | Resigned 25 April 2021 | |
| M H Taylor | ||
| Mrs M Wilcox |
Committees and Groups
In 2021 the only committees and task groups to meet have been by zoom :- 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.
Local Ministry Development Team
This team spend time reflecting on its particular role in enabling the mission of the parish and, more specifically, on our ministry of outreach and welcome, although it did not meet during 2021.
Social Task Group
Arranges many varied Parish and community events.
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
Objectives and activities
The PCC has the responsibility of co-operating with the Incumbent in promoting the ecclesiastical parish, the whole mission of the Church; pastoral, evangelistic, social and ecumenical.
It also has maintenance responsibilities for the Church and the Crosskeys Community Hall.
1
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 2021, 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 :
-
examine the accounts under section 145 of the Charities Act
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of 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:
-
which gives me reasonable cause to believe that in any material respect, the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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.
(signed)
Trevor Hogg ACA
15th March 2022
3
Parochial Church Council of St Peter's, Monkseaton Statement of Financial Activities
For the year ending 31 December 2021
| For the year ending 31 December 2021 | |
|---|---|
| Note INCOMING RESOURCES Incoming resources from donors 2(a) Other voluntary incoming resources 2(b) Incoming resources from operating activities - to further the Council's objects 2(c) - to generate funds 2(d) Income from investment 2(e) Other incoming resources 2(f) TOTAL INCOMING RESOURCES RESOURCES EXPENDED Grants 3(a) Activities directly relating to the work of the church 3(b) Church management and administration 3(c) Cost of generating funds 3(d) TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES BALANCES BROUGHT FORWARD AT 1 JANUARY 2021 BALANCES CARRIED FORWARD AT 31 DECEMBER 2021 |
Unrestricted Restricted Funds Funds 2021 2020 £ £ £ £ 74,884 323 75,207 83,002 2,310 0 2,310 7,528 7,745 0 7,745 4,833 6,586 0 6,586 4,613 0 0 0 0 324 726 1,050 921 TOTAL FUNDS |
| 91,849 1,049 92,898 100,897 |
|
| 287 323 610 1,278 96,193 572 96,765 97,924 467 0 467 514 860 0 860 874 |
|
| 97,807 895 98,702 100,590 |
|
| (5,958) 154 (5,804) 307 144,654 8,176 152,830 152,523 |
|
| 138,696 8,330 147,026 152,830 |
4
Parochial Church Council of St Peter's, Monkseaton Notes to the Financial Statements
For the year ended 31 December 2021
1 ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005.
The financial statements have been prepared under the historical cost convention applying the accruals basis of accounting.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds are those funds which can only be expended on the purpose designated by the grantor or donor.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups which are regarded as informal gatherings of church members.
Incoming resources
Voluntary income and capital resources
Collections are recognized when received by or on behalf of the PCC.
Planned giving receivable, Gift Aided or otherwise, is recognized only when received.
Income tax recoverable on Gift Aid donations is recognized when the income is recognized.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement,
the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the Autumn fayre and similar events are accounted for gross.
Other income
Income arising from the use of the Crosskeys Community Hall is recognized when the income is due.
Income from investments
Interest entitlements are accounted for as they accrue.
Resources used
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Activities directly relating to the work of the Church
The diocesan parish share is accounted for as it accrues.
Fixed assets
Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2)(a) of the Charities Act 1993, although the expenditure thereon is included in resources expended.
Movable church furnishings held by the Vicar and Churchwardens on special trust of the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the Church ledger, which can be inspected (at any reasonable time).
Freehold property
The cost of the extension to the Crosskeys Community hall is depreciated on a straight line basis over 50 years.
6
Parochial Church Council of St Peter's, Monkseaton Notes to the Financial Statements
For the year ended 31 December 2021
1 ACCOUNTING POLICIES (continued) Fixed assets
Other fixtures, fittings and office equipment
Equipment used within the church premises is depreciated on a straight line basis over 5 years.
Individual items of equipment with a purchase price of £300 or less are written off when the asset is acquired. Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove irrecoverable.
Short term deposits include cash held on deposit with the CBF Church of England Funds or at the bank.
2 INCOMING RESOURCES
| 2 (a) Incoming resources from donors Planned giving: Gift Aid donations Income tax recoverable Other planned giving Collections Donations & Collection boxes Small donations tax reclaimed 2 (b) Other voluntary incoming resources Grants Donations, appeals, etc Legacies 2 (c) Incoming from operating activities to further the Council's objects Bookshop Toddler Group Crosskeys Community hall lettings etc Fees for weddings etc 2 (d) Incoming from operating activities to generate funds Magazine advertising Autumn fayre Other fund raising events 2 (e) Income from investment Interest received |
Unrestricted Restricted Funds Funds 2021 2020 £ £ £ £ 51,619 51,619 53,552 12,905 12,905 13,388 5,625 5,625 6,857 1,780 1,780 1,068 2,200 323 2,523 7,722 755 755 415 TOTAL FUNDS |
|---|---|
| 74,884 323 75,207 83,002 |
|
| 2,200 0 2,200 0 110 110 3,778 0 0 0 3,750 |
|
| 2,310 0 2,310 7,528 |
|
| 1,271 1,271 706 0 0 560 5,165 5,165 2,942 1,309 1,309 625 |
|
| 7,745 0 7,745 4,833 |
|
| 2,316 2,316 773 1,222 1,222 986 3,048 0 3,048 2,854 |
|
| 6,586 0 6,586 4,613 |
|
| 0 0 0 0 |
|
| 0 0 0 0 |
7
Parochial Church Council of St Peter's, Monkseaton Notes to the Financial Statements
For the year ended 31 December 2021
| 2 INCOMING RESOURCES (continued) 2 (f) Other ordinary incoming resources Miscellaneous TOTAL INCOMING RESOURCES 3 RESOURCES EXPENDED 3 (a) Grants Charitable donations 3 (b) Activities directly relating to the work of the Church Ministry: diocesan parish share clergy expenses vicarage expenses Church: running expenses maintenance Music Parish magazine Bookshop Crosskeys Community hall running costs Toddler Group Organists' honoraria Flowers Education and training Technical Support Miscellaneous expenditure 3 (c) Church management and administration Printing and stationery Photocopying 3 (d) Costs of generating funds Autumn fayre Other fund raising costs TOTAL RESOURCES EXPENDED |
Unrestricted Restricted Funds Funds 2021 2020 £ £ £ £ 324 726 1,050 921 TOTAL FUNDS |
|---|---|
| 324 726 1,050 921 |
|
| 91,849 1,049 92,898 100,897 |
|
| 287 323 610 1,278 |
|
| 287 323 610 1,278 |
|
| 70,250 70,250 75,000 57 57 0 530 530 0 5,612 5,612 5,653 2,530 2,530 1,657 565 565 459 0 0 808 0 0 0 10,711 10,711 10,146 0 0 166 2,784 2,784 2,079 572 572 560 30 30 0 1,920 1,920 650 1,204 1,204 746 |
|
| 96,193 572 96,765 97,924 |
|
| 258 258 279 209 209 235 |
|
| 467 0 467 514 |
|
| 140 140 154 720 0 720 720 |
|
| 860 0 860 874 |
|
| 97,807 895 98,702 100,590 |
8
Parochial Church Council of St Peter's, Monkseaton Notes to the Financial Statements
For the year ended 31 December 2021
| 4 FIXED ASSETS FOR USE BY THE PCC Tangible fixed assets COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for the year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 1 January 2021 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 25,518 Flower fund Legacies and gifts fund 13,674 Crosskeys Community Hall fund 99,264 200 club 240 Crosskeys Project fund 138,696 |
4 FIXED ASSETS FOR USE BY THE PCC Tangible fixed assets COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for the year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 1 January 2021 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 25,518 Flower fund Legacies and gifts fund 13,674 Crosskeys Community Hall fund 99,264 200 club 240 Crosskeys Project fund 138,696 |
Freehold land Plant & and buildings equipment Total £ £ £ 125,601 43,438 169,039 0 0 |
Freehold land Plant & and buildings equipment Total £ £ £ 125,601 43,438 169,039 0 0 |
|---|---|---|---|
| 125,601 | 43,438 169,039 |
||
| 35,421 2,518 |
41,134 76,555 270 |
||
| 37,939 | 41,404 76,555 |
||
| 87,662 | 2,034 89,696 |
||
| 90,180 | 2,304 92,484 |
||
| Restricted Funds £ 791 3,750 3,789 |
2021 2020 105 105 |
||
| 2,001 912 3,683 3,675 79 637 |
|||
| 5,763 5,224 |
|||
| 6,332 3,791 |
|||
| 6,332 3,791 |
|||
| Total funds 2021 2020 £ £ 25,518 28,833 791 637 17,424 17,424 99,264 100,024 240 2,123 3,789 3,789 |
|||
| 138,696 | 8,330 | 147,026 152,830 |
10 It is the PCC's current policy to retain all reserves with a view to meeting the continued costs of the further proposed restructuring within the Church and the Crosskeys Community Hall.
9 No legacies were received during the year.(2020 - £3,750)
9