Parochial Church Council of
St Peter & St Paul
Abington, Northampton
End of Year Financial Statements
Year ending 31 December 2023

St Peter & St Paul Abington, Northampton
Contents
Page
Legal and administrative infomiation
Report of the Church Council
Independent Examiners, report
Statement of financial activities
Balance Sheet
Notes forming part of the financial statements
9-11
Page 2

St Peter & St Paul Abington, Northampton
Legal and Administrative infomiatlon
Commlttees and Members as at 31
December 2023
Standing Commlttee
Rev Byung Jun Kim (Chaimian)
Bob Purser
Donald Loe
James Mercer
Melissa Tallack
Damian Pickard
Susie McKay
Alison BarneslElizabeth Kellyl
Prester Coleman
Children and Young Persons
Cathy Tinsley (Coordinator)
Rev Tracy Pegram
Rev Byung Jun Kim
Susie McKay
Esme Cushing
Flnance and Stewardshlp
Damian Pickard {Chair}
Susie McKay
Donald Loe
Bob Purser
Rev Byung Jun Kim
Mlnlstry
Rev Byung Jun Kim (Chair)
Rev Tracy Pegram
Alison Barnes
Elizabeth Kelly
Prester Coleman
Cathy Tinsley
Tim Dolan
James Mercer
Donald Loe
Bob Purser
Bulldlngs Comrnltt•• plus Health
and Safety
Andrew Munns (Chair)
Donald Loe
John Langley
James Mercer
Dorothy Bonsall
John Wishart
Paul Tharby
Chris Waters
Emmanuel Agudosy
Dlsclpleship and Learnlng
Prester Coleman (Chair)
Rev Tracy Pegram
Alison Barnes
Douglas Rutherford
Alan Sutton
Jane Evans
Jenny Mercer
Dianne Ward
Matthew George
Community and Outreach
Melissa Tallack {Chair)
Rev Byung Jun Kim
Rev Tracy Pegram
Elizabeth Loe
Sue Harrison
Damian Pickard
Elizabeth Kelly
Amanda Burrell
Dianne Ward
Bob Purser
Cathy Tinsley
Dèanery Synod
Matthew George
Damian Pickard
Bob Purser
Rev Byung Jun Kim
Rev Tracy Pegram
Poge 3

St Petgr & St Paul Ablngton. Northampton
Report of the trust•6s for the year ended 31￿ Decomber 2023
The Parochial Church Council presents their annual report and financial statements of the Church
for the year ended 31 December 2023.
Legal and administrative infomation set out on page 3 fomis part of this report. The financial
statements comply with current statutory requirements, the memorandum of association and the
Statement of Recommended Practice - Accounting and Reporting by Charities.
ObJectlves of the Church
St Peter and St Paul aims to provide a c8ntre of Christian worship and outreach within the traditions
of the Church of England, offering pastoral care, teaching and Servi￿ within the local community.
The Church premises are used to provide a full range of activities throughout the w8ek using church
members and third party providers. There have been no changes in objectives since the last annual
report.
Investment pollcy
The PCC manages Its investments through CCLA Investment Management Limited, and the C8F
Church of England funds. A balanced portfolio of cash. equities and gilts is maintained designed to
preserve capital value and provide an investment income to support Church activities. Additional
funds were invested with CCLA Investment Management Limited in 2023 in UK and Global Equity
funds.
Rgvlew of the Church's Financlal Actlvltles
The total income for the year was £167,957. Planned regular giving levels remained consistant with
the prior year, thanks to the generosity of donors, while fundraising and rental income (from both
the church rooms and the property in Lime Avenue) increased in 2023. Total expenditure for the
year was £168,202, resulting in a small deficit of income over expenses for the year of £245, before
revaluation of investments. The daficit has been funded from resetves. A stewardshlp campaign is
planned for 2024.
A new designated fund was estsblished to provide for the future repair of the church organ. £10,000
was transferred to this fund in 2023. A historic balance of £13,798 of restricted funds that was no
longer required, was transferred to the general fund with the approval of the Finance Committee
and PCC.
The PCC considers that the reserrfes held are adequate to continue the Church's objectives going
forward.
Future developments
A full report of the developments, activities and achievements of the Church during the year is
presented to the Church Annual General Meeting. A copy of Ihe 2023 report can be obtained from
any of the church officers.
Reserves policy
The PCC consider that the total current assets of £162.591 (total net assets £285,374) as at 31
December 2023 are sufficient to sustain its operations over the forthcoming year.
Page 4

st Peter & St Paul Abington, Northampton
Report of the trustaes for the year ended 31¥t December 2023 (continued)
Risk managamant
The PCC have assessed the major risks lo which the church and the church rooms buildings are
exposed, in particular those relating to safeguarding. fire safety and health and safety of the
operations and finances of the church. The PCC is satisfied that the systems are in place to
satisfactorily mitigate our exposure to the major risks.
Council membe￿9 responsibilities in relation to the financial statemonts
The law applicable to charities in England and Wales requires the PCC members to prepare
financial statements for each financial year which give a true and fair view of the Church's financial
activities during the year and of its financial position at the end of the year. In preparing those
financial statements. the members are required to:
select suitsble accounting policies and then apply them consistently.,
make Judgments and estimates that are reasonable and prudent:
state whether applicable accounting stsndards and statements of recommended practice
have been followed subject to any departures disdosed and explain8d in the financial
statements: and
Prepare the financial statements on the going concem basis unless it is inappropriate to
presuma that the charity will continue in business.
The council members are responsible for keeping accounting records which disclose with
reasonable accuracy at any time the financial position of the church and enable them to ensure that
the financial statements comply with the Charities Act 1993. They are also responsible for
safeguarding the assets of the church and hence for tsking reasonable steps for the prevention and
detection of fraud and other irregularities.
Independent Examlners
A resolution will be proposed at the Annual General Meeting that TaxAssist Accountsnts be re-
appointed independent examiners to the charity.
Approved by the PCC on 18
Afr-il
and signed on its behalf by:
Rav Byung Jun Kim
Rector
Page 5

Independent examiners. report to the trustses of St Peter & St Paul: Abington. Northampton
We report on the accounts of St Peter & St Paul: Abington for the year ended 31 December 2023
which are set out on pages 7 to 11.
Respective responsibilities of members and examinèr
As members of the PCC, you are responsible for the preparation of the Financial Statements: you
consider that an audit is not required for this year (under section 43{2) of ihe Charities Act 1993 (the
1993 Act)). the audit requirements of Regulation 3(3) of the Church Accounting Regulations 1997
do not apply and that an independent examination is needed.
It is our responsibility to..
examine the accounts (under section 43(3)(a) of the 1993 Act);
to follow the procedures laid down in the General Directions given by the Charity
Commissioners (under section 43{7)(b) of the 1993 Act),. and
To state whether particular matters have come to our attention.
Basis of Indopendont examlners. report
Our examination was carried out in accordan￿ with the General Directions given by the Charity
Commissioners. An examinats'on includes a review of the accounting records kept by the PCC and
a comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and the seeking of explanations from you as members
conceming any such matters. The procedures undertaken do not provide all Ihe evidence that
would be required in an audit and. consequently. we do not express an audit opinion on the view
given by the Financial Statements.
Independent examiners, statemont
In connection with our exarnination, no mattèr has come to our attention which gives reasonable
cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance wth s41 of Ihe 1993 Act; and
to prepare accounts which accord with the accounting records and to comply with the
accounting requirements of the 1993 Act have nol been met- or to which, in our opinion,
attention should be drawn in order to enable a proper understanding of the accounts to be
reached.
Approvèd an¢ signed on 2d APA &2Lt
TaxAssist Accountants
149 Park Avenue North
Northampton
NN3 2HY

Sl Petar & St Paul Abington. Northampton
statement of Financial Activities for the year ended 31 December 2023
Unrestricted
funds
Rulrlcted EDdowmertt
funds
funds
Totgj
fund5
Prior yeAr
total funds
Incom• and gndowments from:
Donations and legacies
Incomè from chantab18 ac11v￿e$
Other trading acknwties
Investsnenls
0th8r Incom&
Total incom•
114.640
6.216
23.157
13.926
10.018
167,951
114,640
6,216
23.157
13,926
10.018
167,9S7
203,264
8,236
19,747
10,872
23.573
265,692
Exp•ndltur• on..
Raising funds
Expenditure on ch8Tltabl• acti￿11
Total oxp•ndltuM
234
167,968
168,202
234
167,968
168.202
187.038
187,038
Gains I losses on investment awts
N•t in¢om• I l•xpondltur•} rn8ouK•• b•lor•
transfor
1245)
{2451
78,654
Tran$forn
Gross trdnslérs bèwn ftbnds- in
Gross transf8r8 be￿¥¥n lunds- out
Oth•r f•cognS$•d galns I loss
Gains on revaluation, fixgd &ss•ts. tharivs (wn u80
N•t mov•m•nt In funds
23.798
110.000)
23,798
123,7981
(13,7961
5,437
18.990
5,437
5.192
5.643
73.011
{13.7981
Total funds bn>ught fotward
266.384
13.798
280,182
207,171
Total lund• lorntAnl
285.374
285,374
280.182
R•pr•s•nt•d by
Unr•¥tdctgd
Ggn•ral fund
275.374
275.374
266.384
008lgnat•d
Designated fund
10.(
10.000
R•strlet•d
Ag$ncy collacbon
13.798
Page 7

St Peter & St Paul Abington, Northampton
Balance sheet as at 31 December 2023
CIASS and code
Deserl tion
ear
L•$t
ear
Fixed a55•ts
6000
6010
6030
6040
6050
6060
21 Lime Avenue
ChLtrch RcM)m5
Church Organ
Short lrfe 8ss8ts- software
Short life assèts- har￿￿re
Fumittjre *nd 8quipment
Total Flx•d •$$•ts
41,000
99,939
42,640
99.939
2,915
1.284
145.138
4.843
321
147,743
Curr•nt as*•ts
6500
6505
6510
8550
6560
6570
6580
6590
Z05
Lloyds Bank Ac CKJOO1375
Nat Wesl Ac 78492092
CCLA ICBFI d8POSit a¢￿1
CCLAICBFIFixed Interest s*￿nI1&s FuThJ
CCLAICBFllnvestment Fun(1
CCLA IC8FIGlobal Equity Fund
CCLA ICBFI UK Equity FwKI
Cash in hand
Accounts Receivable
Total Current assgts
3,827
2,950
48.803
28.883
29,603
26.665
19,972
477
1,410
162,590
10,299
35,191
30,136
12,648
27,037
667
53.300
169,278
Llabllltl••
6650
6699
Z04
Ekins Youlh *brkof grant
Agency coll8ction¥
Accounts Payablo
Total Llabllbtl•s
11.001
2,482
8,871
22.354
20,576
1.500
14.763
36.839
N•t A•••t ¥urplu•
280 182
Resorv•
Ex¢o$8 I Id•fiatl to dale
Stsrbng balances
Other g8inslllossas)
Gainsll1O5￿s} on investment
Totsl R•s•r¥•*
12451
280,182
78,654
207,171
Z01
Z02
Z03
5.437
285,374
280,182
Reprns•nt•d by lund•
Unr6strKted
Dè51gnated
Reslncled
Enthiwmenl
Total
275,374
10,0(X)
266,384
13.798
285,374
280,182
Page 8

St Peter & St Paul Abington. Northampton
Statement of assets and liabilities as at 31 December 2023
General Desi
4ted RestrSrted EndowDJellt
Tbi5
ear
Last
¢4r
Flxod 4$s9t¥-Tanglbl• ass•ts
21 Lime Avgnu8-
Church Roorns-
Church 8oilér-
Short lrfe a&￿ts- har¢h¥8ro-
Fumilur8 and equlpm8nl-
41,lJXI
.939
41,0
99.939
42,640
99.939
2.915
1.284
14&13
2,915
1,284
14SIJB
4.843
321
147.743
Totsls
Cumnt a#8ets- Cmh at l)4nk thwl kn hand
Lloyds Bank Ac 0￿01375-
N8t Wesl ￿ 78492092-
CCLA ICBFI deposit a¢Kcwnl-
Cash in hand.
3.827
1.055
38.803
3.827
2.950
48.803
477
56.057
10,29tr
35,191
30.136
667
71293
10.Crf)J
4T1
2.3n
Tothli
43.885
10,000
Curr•nt U8•t8. O•btorn
Accounts RK•lvFAbl•.
1.300
1.300
110
1.410
1,410
53.300
53,300
Tot•b¥
Curr•nt ￿*￿*•. lrtv••b*•nt•
CCLAICBFIFLKed Interest S•curfU•¥ Fwd-
CCL4ICBFllnvestmont Fund-
CLA IC8F￿lobd Equrty FuTha-
¢CLA ICBFI UK Equity Fund-
28,883
29,603
26.665
19.972
105.1r4
2B.883
29,603
26,665
19,972
104123
12,648
27,037
Totals
39,888
L14blllUg¥. Ag•ney *¢Co￿tI
Agenw ￿lIati10￿-
Totsl•
2A12
2,482
1,500
Ll•bllltlM. Cr•d]tor•: Amounts l•lllng In
on• y•ar
A￿OUnt1 Pay8ble-
8.871
8,871
8.871
8,871
14,762
14762
Totsl*
Ll•blllll••- Provl8lon lor Il•bllttb••
¢h4rg•a du• wlthln on• y••r
Ekin$ Youth worter granl-
11.001
20.677
Totsi•
11,001
Gr•nd toi•l
285 374
280 182
Fund movement by type
eni
O￿t
oin
Tr*n8feri GAlnillos8eJ J•urn*ls
Closin
D•$. D￿lo￿ated fund
D&signat8d
10.000
10.000
10,000
10,000
Sub4￿•1 for D
G•n•ral- G•n•rnl fvnd
UTrreslnd•d
167,9S7
167,957
168,202
168.2ty1
3.798
3.798
275,374
275,374
Su&total for G•n•nl 216,384
SA37
A90￿y. Aw¢y coll•dlon
Rostiicled
13.798
13,798
SulAol•l forAg•n¢y
Grand total
285 374
Page 9

Sl Peter & St Paul Abingion, Northampton
Analysis of income and expenditure year ended 31 December 2023
Tot•1
e4r
ttrestrlded D
#ted
EDd&wment This
L8St ear
INCOME AND ENDOWMENTS
Donatlons and lega¢les
0101-GIftAd- 8ank
0110 - Gfft ￿"d - Envelo
0301 Loosè plato collactions-
Sunday 58rv
0302 - Loosè plat• cash . Wedding8
& funerals
0303 - Loo$& plate cash- occasional
servic*$
0401- Tea coffeo & w8lls8fe osh
0410- Non Gift Ajd donati¢)ns
0501- One-off Gift Aid grfts
0510- Onlin& donations
0550- Spécial cash collections
0601 - Tax rèeov8rab18 on Gift Aid
0701 Leg¥ci8s
0801- R￿UrTing grants
08A1 Non-rècurring one-off gran18
0901- Othgr lund$ genarntod
76.059
1,675
76,059
1,675
76,239
314
90
119
119
71
88
3.079
too
5,199
2,839
3.079
100
S.199
2,839
2,017
604
10,537
1,670
14.852
21.210
67.897
25
6,278
1,3712
203,264
22.788
22.788
1.500
1.282
114.640
1.282
114,640
Tol81
Income from charltabl• a¢tlvltl•s
1101 - Fo&8 lor ￿dd1r￿S and
fvn8ra18
6.216
6,216
8,236
Tot81
6.218
6,216
8,236
Other tradlng actlvttles
0910 - Fund raising Income
1240- Church hall l•thngs-
ralsing
6,310
16,847
6,310
16.847
5.120
14,627
23,157
23,157
19,747
Invostrnonts
1001- C8F Fund DNidend¥
1020- CBF Fund interesl
1030- R8nt from Curatsge
2.330
1.336
10.260
13.926
2,330
1.336
10.260
13,926
1,169
378
10.872
Oth•r Income
0810- Ekins Youth Workèr grant
release
1310 - Insuranc* claims
9.575
9.575
8,482
443
10,018
443
10,018
167,957
15.091
23,573
265,692
Total
INCOME TOTAL
Page 10

St Peter & St Paul Abington. Northampton
Tot
egr
Unres¢rictcd De51
ated
Restritted
Endowment This
Lg$t
e#r
EXPENDITURE
Ralslng funds
1730- Costs of f8t8s & olher events
234
234
234
234
Totsl
Exp•ndlture on charltable a¢tlvbtle$
17SO- Dep￿ciatIOn - all a$￿ts
1760- Bank charg8S
1850- Mission and outr88th
1870- Giving to charftie8
1901 - Dio¢es8n fees paid
1910- Parish shar&
2020- Eking youth workèr salary
2030- Ekins youth work éynsès
2101- Rector t818phona aThJ station8ry
2102- Rector travel
2103- Rèctor training. bc¥Jks and Bubs
2104- Rector- tslh•r •xponses
2150- Curatès travel
2151- Cural•- othor èxpenses
2201 Parish training and mi8sion
2210- Porl$h e8tanng
2310- Chur¢h - t6knphon8
2320 - Organ I plano tvnino
2321 - Choir mast8f lees
2322 - Choir expenses
2323 - Music oxpenses
2324- Flower oxpenses
2330- Church repair¥ and maint•nanc•
2331- Church - Cleaning
2332 - Church - w8l•r
2340 - Worship matgrials
2341 - Onlin8 worship costs
2350- Upkeep ol churchyard
2360 - Church Stationery
2365- Church office expenses
2370- Chur¢h ￿bSIt￿
2380 - Copyrighl licences
2400- Church Nnnln9- Insuranco
2401 Church running - •lectric
2410- Church Nnnlng- ga5
2430- Church- printing and copier
2450- Church- miscdlaneous
2460- Church- bolls 8xp8nses
2520- Rooms- miscellaneous
2S30- Rooms- electricity
2540- Rooms- gas
2550- Rwms- insurance
2560- Rcxjms - repairs and maintena￿8
2570- Rwms - tolephone
2580- R￿rn$- water
2590- R(￿M$- deaning
2601 - Ind•p8ndent examiner
2701 - Church major r8p8irs- Structur4
2840- Curatage maintonance and fees
3.753
Total 167,968
3,818
3.818
5,151
1,060
106
2,680
75,523
7.280
2.295
1.402
1.528
573
1,407
447
424
251
1.101
572
1.813
7.740
377
342
352
4,493
333
3,642
148
3,112
75.523
7,280
1.203
1,226
978
342
1.601
181
630
167
172
722
1.412
7,740
110
296
316
10,247
279
162
2.680
75.523
7.280
2.295
1.402
1.528
573
1,407
447
424
251
1.101
572
1.813
7,740
377
342
352
4.493
333
186
1.459
401
1,173
155
254
1.214
1.459
401
1,173
155
254
1,214
809
3,303
582
2,153
2,381
2,194
252
497
9,109
197
2,491
13.124
572
433
4,993
360
1,034
1,730
79
332
233
1,0gS
3,033
918
1,467
5,199
238
252
240
6,226
16S
2,288
5,758
722
559
4,497
360
21,198
6,188
187.038
3.303
2.153
2.381
2.194
252
497
9.109
197
2.491
13,124
572
433
4,993
3,753
167.968
EXPENDITURE TOTAL
168.20 2
168.2L12
187,038
GRAND TOTAL
245
245
78,654
Page ll