Parochial Church Council of
St Peter & St Paul
Abington, Northampton
End of Year Financial Statements
Year ending 31 December 2024

St Peter & St Paul Abington, Northampton
Contents
Page
Administrative information
Report of the trustees
Independent Examiners, report
Statement of financial activities
12
Balance Sheet
13
Notes forming part of the financial statements
14-18
Page 2

St Peter & St Paul Abington, Northampton
Administrative information
Committees and Members as at 31 December 2024
Standing Committee
Rev Byung Jun Kim (Chairman)
Bob Purser
Donald Loe
James Mercer
Melissa Tallack
Damian Pickard
Susie McKay
Alison BarneslElizabeth Kelly/
Prester Coleman
Children and Young Persons
Cathy Tinsley (Coordinator)
Rev Tracy Pegram
Rev Byung Jun Kim
Susie McKay
Esme Cushing
Jilly Draper
Finance and Stewardship
Damian Pickard (Chair)
Susie McKay
Donald Loe
Bob Purser
Rev Byung Jun Kim
Ministry
Rev Byung Jun Kim (Chair)
Rev Tracy Pegram
Alison Barnes
Elizabeth Kelly
Prester Coleman
Cathy Tinsley
Tim Dolan
James Mercer
Donald Loe
Bob Purser
Buildings Committee plus Health
and Safety
Andrew Munns (Chair)
Donald Loe
John Langley
James Mercer
Dorothy Bonsall
John Wishart
Chris Waters
Paul Tharby
Emmanuel Agudosy
Discipleship and Learning
Prester Coleman (Chair)
Rev Tracy Pegram
Douglas Rutherford
Alan Sutton
Jane Evans
Jenny Mercer
Dianne Ward
Matthew George
Bob Purser
Sandra Francis
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
Deanery Synod
Matthew George
Damian Pickard
Bob Purser
Rev Byung Jun Kim
Rev Tracy Pegram
Page 3

St Peter & St Paul Abington. Northampton
Report of the trustees for the year ended 31st December 2024
The Parochial Church Council presents their Gnnual report and financial statements of the
Church for the year ended 31 December 2024.
The administrative information set out on page 3 forms part of this report. The financial
statements comply with current statutory requirements. the memorandum of association and
the Statement of Recommended Practice - Axounting and Reporting by Charities.
Aim and Purpose
St Peter and St Paul's Parochial Church Courcil (the PCC) has the responsibility of
cooperating with the Incumbent. the Revere￿1 Byung Jun Kim. in promoting in the
ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and
ecumenical. As well as the Church itself, whici is a Grade Il. Listed Building, the PCC is
also responsible for maintaining the Church Hall in Ashburnham Road.
Objectives and Activities
The PCC is committed to see God's Kingdom grow in as many people's lives as possible,
and to welcome everyone into God's family & "the Church in the Park" When planning our
activities, the PCC has considered the Charity Commission's guidance on public benefit, and
in particular the specific guidance on charities for the advancement of religion. Our sen4ices
and activities put faith into practice through prayer. scripture and service. Following our
800th anniversary in 2024, we shaped our vis on for the next chapter of this church as
follows.
Inspiring Church: Just like the park inspires people and helps them to encounter God,
we aspire to be a church that inspires through worship, prayer.
Compassionate Church: Just like the park can be a place of comfort and restoration in
God's grace. we pray to be a church that comforts those who are anxious, isolated,
marginalised and bereaved through our >ervice and outreach.
Generous Church." Just like the park Wel￿)meS everyone and helps them to flourish in
being who they are in God's abundan￿ and generosity. we want to be a church that is
generous and welcoming towards stranoers and those who feel distant from God.
Achievements and Perfomiance
Strategic Focus: Vision for the 800th Anniversary
In 2024, St. Peter and St. Paul, Abington, marked the 800th anniversary of the first known
Rector of Abington. This naturally became strategic focus of the year. We discerned that
the way God wanted us to observe this significant anniversary was not through grand events
but by introducing a series of faithful ways to reflect on God's faithfulness and goodness.
We used the concept of Ancient Future to guide and frame the events throughout the year.
(Ancient Future.. "The road to the future runs through the past" _ Robert Webber. The past
gives us wisdom to interpret the future, and tbe future gives us fresh eyes to re-interpret the
past. This creates a constant dialogue betwEen past and present, with God always present
throughout. )
Page 4

St Peter & St Paul Abington, Northampton
Report of the trustees for the year ended 31st December 2024 (continued)
Strategic Focus: Vision for the 800th Anniversary (continued)
Using this overarching vision, we divided the /ear into four parts:
Block 1- Future from the Past.. We celebrated how God has led and sustained us in
the past by inviting ministers who previoLsly served the church. Our Annual Fete
reflected this theme, with participants drossed in historical attire. Our musical events
and the Celebration Concert with Handel's Messiah were wonderful examples of
this.
Block 2 - Present.. We focused on defining our foundational vision for 'The Church in
the Park,, which will guide our activities in 2025 and beyond. A sermon series titled
Looking Back with Gratitude, Looking Foiward with Hope was organised.
Block 3 - Past from the Future.. We reinterpreted the past through the lens of the
present. A six-week visioning exercise Under the Oak, helped us imagine the future
by looking back and looking forward. From this, we shaped our four key words for the
future: Feeding, Community, Person. and Space. Additionally, we hosted talks on
global Christianity and the history of Abington.
Block 4 - Kingdom.. As our ultimate ViSii)n is the Kingdom of God, we organised
Home Groups focused on this theme. An eight-week sermon series on Kingdom
explored it in depth. Through our Celebration Service of Thanksgiving, we baptised
6 disciples through an Outdoor Baptism by Immersion. At our Celebration Service of
Rededication, we confirmed 13 disciples and commissioned a new icon (Christ with
the Church in the Park) which will be treasured for years to come. Finally, we planted
a Red Oak Tree in the park which will remind all of God's promise and faithfulness.
Below is the summary of our activities that were led under this strategic focus.
Worship and Discipleship
Two of the most significant highlights in our VLirship and prayer in 2024 were:
The Celebration Service of Thanksgiving with Outdoor Baptism by Immersion,
during which we baptized 6 people and K'elcomed another through the renewal of
baptismal vows.
The Celebration Service of Rededication with Confirmation, where 13 people from
our parish were confirmed.
It is evident that Abington continues to grow in numbers, including many new Christians. As
a liturgical church, our worship remains centred around the Eucharist, yet we maintain
strong sense of flexibility and openness to the Spirit. An example of this is our prayer
ministry, which takes place during communion.
PGge 5

St Peter & St Paul Abington, Northampton
Report of the trustees for the year ended 31st December 2024 (continued)
Worship and Discipleship (continued)
The PCC remains committed to offering a range of services, not just on Sundays, but also
during the week, to ensure accessibility and spiritual fulfilment for our community. We are
also committed to ministering through prayar and nurturing discipleship in diverse ways.
Thursday morning Reflective Services draw worshippers who may be unable to
attend Sunday services.
Monthly Sunday reflective services are valued by those who appreciate quiet
contemplation, while the main Sunda/ service remains vibrant and engaging.
Online services continue for those urable to attend services in person. A remote
congregation gathers every Sunday Gt St. Christopher's, where about 15-20 people
participate in the online service. There are worshippers also in other care homes such
as Abington Park View and Cliftonville. We also provide weekly Zoom Compline.
All-Age Services: Held approximate y every other month, these services are
appreciated by families, young people, and the elderly alike, fostering a truly
intergenerational church.
Junior Church: Our Junior Church is supported by team of volunteers which has been
growing. The JC offers friendship and fun while nurturing young people's discipleship.
Prayer Ministry: The presence of prayer ministry remaining visible within our worship
has symbolic and practical significanca and value. It is our way of saying that we are
people of prayer. We are here to prav for each other and with each other.
Home Groups: The growing number Jf home groups in Abington is encouraging. This
also prompts us to explore new ways to develop discipleship within our church.
The use of overhead screens in Sunday services has now become an integral part of
worship, allowing for more dynamic commLnication and sermon delivery.
Those unable to attend church are not forgi)tten. In addition to online services, many also
receive Holy Communion at home, thanks to our Anna Chaplains.
Mission and Outreach
The Community and Outreach Committse has been exceptional in fostering outreach and
mission efforts. Throughout the year, varicius charitable appeals raised a total of £5,846,
which was distributed to:
Chole Breakfast Club (Ethiopia)
USPG (Missionary Support)
Open Doors (Persecuted Christians 'OJorldwide)
Friends of the African Church (Ethiop a and the Horn of Africa)
Northampton Hope Centre (Homeless Support)
Embrace the Middle East (Christian< in Palestine and Israel)
The Children's Society
Page 6

St Peter & St Paul Abington, Northampton
Report of the trustees for the year ended 31$t December 2024 (continued)
Mission and Outreach (continued)
Our partnership with Baby Basics continues to provide essential support for babies and
mothers in need.
The Ribbons of Prayer, Season 2 continued throughout the year, reminding the public of
God's presence. Over 20,000 ribbons and 2.000 clay hearts (kindly provided by Celia and
her art group) carried heartfelt prayers for hope, love, and reconciliation.
Our Butterfly Art Project launched in the year to celebrate the diversity and vibrancy of our
community. In total over 1 ,440 butterflies weF received and are now displayed inside the
church.
Other churchyard art projects also proved to be effective tools for proclaiming the Good
News in creative and engaging ways.
Social events, such as the Quiz Night and Parish BBQ. were greatly enjoyed, and we are
grateful to the Tallacks and the Pickards for ttreir generosity and hospitality.
Intergenerational Church
Our vision of an intergenerational church is closely linked to our mission and outreach. In
2024, we strived to engage people of all ages Ihrough the work of:
Cathy (Children and Youth Missioner)
Liz (Anna Chaplain for the Elderfy)
Key initiatives:
Little Fishes and Forest Church provice families and young children with positive
church engagement. Two families chose lo baptise their children following these
interactions.
Family Fun Afternoons continue to be fantastic opportunities for connection, with
bouncy castles, picnic areas, and games in the churchyard creating a welcoming
atmosphere.
School Engagement: The clergy team maintains strong links with Bridgewater
Primary and Abington Vale, as well as with Barry Road School and Vernon Terrace
Primary, who sought visits to our churctri.
Anna Chaplaincy: Our work with St. Christopher's and Abington Park View Care
Home has led to exciting initiatives like Messy Vintage.
Ministry at St. Christopher's: The Friday Communion Service at St. Christopher's
is attended by around 40 people and con-.inues with the support of Deanery Clergy,
Pastoral Care is provided by the Rector and Anna Chaplain together with a dedicated
team of volunteers. We are grateful to Lizzie, Jackie, Andrew, Elaine, Hilary and many
others who support this ministry.
Conclusion
This report highlights only part of the work carried out by Abington Church. Lay leadership
and lay ministry remain vital to every aspect of our mission.
P2ge 7

St Peter & St Paul Abington, Northampton
Report of the trustees for the year ended 31st December 2024 (continued)
Conclusion (continued)
2024 was a truly remarkable year for our chui ch and community. The 800th anniversary
reminded us that the Spirit of God is alive and at work. bringing new vision and renewed
hope for the future.
As we strive to be the church that is inspiring. Jenerous and compassionate in this year. we
will continue to discern to create ways to deve op those four key areas identified through our
visioning exercise: Feeding, Community, Person and Space.
Four key words for the future:
Feeding: God calls us to feed his people both physically and spiritually.
Community: God calls us to reach out and serve the community so that his love and
grace may be visible in this troubled, an>:￿uS world.
Person: God calls us to focus on one pErson at a time, honour and encourage one
person's gift at a time.
Space: God calls us to make space avalable where people can discover him, receive
his love and healing.
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 the 2024 report can be
obtained from any of the church officers.
Financial Review
The total unrestricted income for the year was £186,419 (2023: £167,957), of which
£130,155 (2023.. £114,640) was from donatiorL< and legacies. Planned regular giving
through the Parish Giving Scheme increased G.80/0 in the year following the stewardship
campaign that was held in February. We are bery thankful for the generous response from
our congregation. The church also received three legacy gifts in 2024, contributing to the
increase in income.
Rental income received from the nursery that triire part of the church rooms, and the property
in Lime Avenue, both increased in 2024 as cortracts were renegotiated.
Total expenditure for the year was £168,008 (2023: £168,202). This was lower than
budgeted mainly due to two church maintenance projects being deferred until 2025. The
combination of higher income and deferred ex[ienditure resulted in a surplus of income over
expenses for the year of £18,411 (2023: deficit £245), before revaluation of investments.
After adjusting for the gains on investments, the total increase in funds for the year was
£21,888 (2023: £5,191).
The church was subject to quinquennial review ￿ the summer of 2024. The final report was
received in November and confinmed that the ciurch building is in good condition with no
major work being required. However, several recommendations and repairs are now
planned for 2025. These works, together with tre projects deferred, will be funded from the
surplus generated in 2024.
Page 8

St Peter & St Paul Abington, Northampton
Report of the trustees for the year ended 31 St December 2024 (continued)
Financial Review (continued)
In 2023 a designated fund was established to Firovide for the future repair of the church
organ. A further £5,000 was transferred to this fund in 2024, bringing the total balance on
this fund at the year end to £15,000.
Investment Policy
The PCC manages its investments through CCLA Investment Management Limited, and the
CBF Church of England funds. A balanced portfolio of cash, equities and fixed interest
securities is maintained. designed to preserve capital value and provide an investment
income to support Church activities.
Reserves Policy
The total net assets at the year-end were £307,262 (2023: 285,374). Of this £141 ,179 is held
as tangible fixed assets, the remaining reserveb being held as investments with CCLA and in
current and deposit accounts. Apart from the cesignated organ repair fund of £15,000, all
reserves are unrestricted.
The PCC considers that total current assets of £191,891 as at 31 December 2024 are
sufficient to sustain its operations over the forthcoming year.
structure, Governance 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 Measure. The PCC is
registered with the Charity Commission, Charitg Number 1131414.
The method of appointment of PCC members is set out in the Church Representation Rules.
The Council comprises the Incumbent, the ChLrchwardens, representatives of the Lay
Ministers, those elected to the Deanery Synod and other members who are elected at the
Annual Parochial Church Meeting, by those on the Electoral Roll. Members of the
congregation are always encouraged to join the Electoral Roll, and to consider standing for
election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern
and importance in the parish, and for all financial matters. The full PCC met four times during
the year. Given its wide responsibilities, the PCC has a number of sub committees, each
dealing with a particular aspect of parish life. E=ch report to the full PCC, with the minutes of
their meetings. A full list of these sub committees is set out on page 3 of this report.
Risk Management
The PCC have assessed the major risks to 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 ?CC is satisfied that the systems are in place
to satisfactorily mitigate our exposure to the major risks.
Page 9

St Peter & St Paul Abington, Northampton
Report of the trustees for the year ended 31st December 2024 (continued)
Council member's responsibilities in relation to the financial statements
The council members are responsible for pre=aring the Report of the Trustees and the
financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011 and Charity
(Accounts and Reports) Regulations 2008, recuires the PCC members to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and application of resources. including the income and
expenditure, of the charity for that period. In preparing these financial statements the
members are required to:
select suitable accounting policies and than apply them consistently;
make judgments and estimates that are raasonable and prudent;
state whether applicable accounting standards and statements of recommended
practice have been followed subject to aly departures disclosed and explained in the
financial statements. and
Prepare the financial statements on the g.?ing concern basis unless it is inappropriate
to presume that the charity will continue in business.
The council members are responsible for keepng proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charity and to enable them
to ensure that the financial statements comply with the Charities Act 2011 and the Charity
(Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the
assets of the church and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
Independent examiners
A resolution will be proposed at the Annual General Meeting that TaxAssist Accountants be
re-appointed independent examiners to the charity.
Approved by the PCC on
and signed on its behalf by:
Yè2tr
Rev Byung Jun Kim
Rector
Page 10

St Peter & St Paul Abington, Northampton
Independent examiners. report to the trustses of St Peter & St Paul, Abington,
Northampton
I report on the accounts of St Peter & St Paul, Ab ngton for the year ended 31 December 2024
which are set out on pages 12 to 18.
Respective responsibilities of trustees and examine
The charity's trustees are responsible for the preFaration of the accounts. The charity's trustees
consider that an audit is not required for this yea" under section 144 of the Charities Act 2011
(the Charities Act) and that an independent exarnination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the prO￿dureS laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of thp Charities Act, and
to state whether particular matters have Cijme to my attention.
Basis of independent examiner's ststement
My examination was carried out in accordance Vts'ith 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 prO￿dureS unjertaken 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 lirTited to those matters set out in the statement
below.
Independent examiners. statement
In connection with my examination, no material rratters have come to my attention which gives
me cause to believe that in, any material respect:
accounting records were not kept in accordance with section 130 of the Charities Act or
the accounts do not accord with the accouiting records
I have come across no other matters in connectii)n with the examination to which attention
should
wn in order to enable a proper understanding of the accounts to be reached.
Signe
Tax Assist Accountants
149 Park Avenue North
Northampton
NN3 2HY
Keit
r MAAT
TaxAssist Accountants
149 Park Avenue North
Northampton
NN3 2HY

St Peter & St Paul Abington, Northampton
Statement of Financial Activities for the year ended 31 December 2024
Unreslricted
fund5
Restricted Endowment
funds
funds
Total
funds
Prior year
total funds
In¢ome and endowments from:
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
Total in¢ome
130.155
3,974
25.391
16.184
10,715
186,419
130.155
3,974
25.391
16,184
10.715
186,419
114,640
6,216
23,157
13,926
10,018
167,957
Expenditure on:
Raising funds
Expenditure on charitable activities
Other expenditure
Total expenditure
546
167.462
546
167.462
234
167,968
168,008
168.008
168.202
Gains I losses on inveslment assets
Net income I (expenditure) resources before
transfer
18,411
18.411
(245)
Transfers
Gross transfers between fvnds - in
Gross transfers beiween funds - out
Other recognised gains I losses
Gains on revaluation, fixed assets. tharivs 0￿￿ use
Net movoment in funds
5,000
(5.000)
5.000
(5.000)
23,798
123.798)
3.477
21.888
3,477
21.888
5,437
5.191
Tolal funds brought forward
285.374
285,374
280,182
Total funds carried forward
307.262
307,262
285,374
Represented by
Unrestricted
General fund
292.262
292.262
275,374
Dosignated
Designated fund
15.000
15.000
10,000
Restricted
Agency colle¢tion
Page 12

St Peter & St Paul Abington. Northampton
Balance sheet as at 31 December 2024
Class and code
Descri
tion
This ear
Last vear
Flxed assots
6000
6010
6030
6040
6050
6060
21 Lime Avenue
Church Rooms
Church Organ
Short life assets - software
Short life assets - hardware
Fumilure and equipment
Tolal Fixed assgts
39.359
99 939
41.000
99,939
987
894
141.179
2.915
1,284
145,138
Current assets
6500
6505
6510
6550
6560
6570
6580
6Sg0
Z05
Lloyds Bank Ac IhJ001375
Nat West Ac 78492092
CCLA ICBF} deposit accounl
CCLAICBFIFixed Interesl s￿rities Fund
CCLAICBFllnvestment Fund
CCLA ICBF)Global Equity
CCLA ICBF} UK Equity Func
Cash in hand
Accounts Receivable
Total Current assets
24.604
1.049
54.367
29.755
30.281
28.333
2C.230
1,972
1,300
191,891
3,827
2.950
48,803
28.883
29.603
26,665
19,972
477
1,410
162,590
Llabilitles
6650
6699
Z04
Ekins Youth worker grant
Agency collections
Accounts Payable
Total Liabilities
10.135
11,001
2.482
8,871
22,354
1",623
25.808
Nel Asset surplus(deficit)
307.262
285,374
Reserves
Excess I Idefiall to date
Starting balances
Gainsl{losses) on investmert assets
Total Reserves
18.411
285,374
3.477
307,262
{245}
280.182
5,437
285,374
Z01
Z03
Represented by funds
Unrestrictéd
Designated
Reslricled
Endowment
Total
292,262
15,000
275.374
10,000
307,262
285 374
Page 13

St Peter & St Paul Abington, Northampton
Statement of assets and liabilities as at 31 December 2024
General Desi
n*ted Restricted Endoivment
This
ear
Last
ear
Fixo11 assets - Tangible assets
21 Lime Avenue -
Church Rooms-
Chur¢h Boilef -
Short life assets - hardware-
Furniture and equipment -
39.359
99,939
39.359
99,939
41,000
99.939
987
894
141.179
2,91 S
1,284
145.138
894
141,179
Totals
Current ass•ts - Cash at bank and in hand
Lloyds Bank Ac 001)01375 -
Nat West Ac 78492092 -
CCLA ICBFI deposit account-
Cash in hand -
24.604
1.049
39.367
1.972
66.992
24,604
1.049
54.367
1,972
81,992
3.827
2.950
48.803
477
56,057
15.1K)O
Totals
15.000
Current assets - Debtors
Accounts Receivable-
1.300
1.3t)O
1,300
1,300
1.410
1,410
Totals
Curr•nt assets - Inv•stm•nts
CCLAICBFIFixed Interest Securilies Fund-
CCLAICBFllnveslmenl Fund-
CCLA ICBFIGlobal Equity Fund-
CCLA ICBFI UK Equity Fund -
29.755
30.281
28.333
20.230
108,$99
29,755
30,281
28.333
20,230
108.599
28,883
29,603
26,665
19.972
105,123
Totals
Liabilities - Agency accounts
Agency colleclions -
4,050
4.050
4.050
4.050
2.482
2,482
Totals
Llabllltl•$ - Cr•dltors: Amounts falling due in
one year
Accounts Payable-
11.623
11.623
11,623
11,623
8.871
8,871
Totals
Llabllltles - Provlslon for Ilabiliti•s and
¢hargo$ du• wlthln on¢ yèar
Ekins Youth worker grant-
10,135
10.135
10,135
10,135
11,001
11,001
Totals
Grand total
292.262
15,000
307,262
285,374
Fund movement by type
enin
Incomin
Out
oin
Transfers Gainsllosse$ Journals
Closin
Dès - Dasignatod fund
D6signated
10.OCKI
10,0110
15.000
15.000
Sub-lotsl for D•s
5.000
G•noral - G•naral fund
Unrestricted
275.374
275,374
136.419
136.419
168,008
168.008
3.477
3.477
292,262
292,262
Sub-total for General
{s,0001
Aggn¢y- Ag•ney eolloctlon
Reslricled
Sub-total for Agency
Grand total
285,374
1B6419
168,OD8
307,262
Page 14

St Peter & St Paul Abington, Northampton
Analysis of income and expenditure for the year ended 31 December 2024
INCOME AND ENDOWMENTS
Total
ear
Unreslrieted Des.
nated
Restricted
Endowment This
Last
ear
Donatlons and legacles
0101 GiftAid- Bank
0110 - Gift Aid - Envelopes
0301 Loose plate collections -
Sunday service
0302 - Loose plate ¢ash - Weddings
& funerals
0303 - Loose plate cash - occasional
services
0401 - Tea coffee & wallsafe cash
0410 - Non Gift Aid donations
0501- One-off Gift Aid gifts
0510 Online donations
0601- Tax recoverabl8 on Gift Aid
0701- Legacies
08A1 Non-recurring one-off grants
0901 Other funds generated
80.495
1,296
80.495
1,296
76.059
1,675
75
75
119
3.224
490
7.915
3,012
21,243
8,685
650
3,070
130.155
3,224
490
7,915
3.012
21.243
8,685
650
3.070
130.155
3,079
100
5,199
2,839
22,788
1,500
1,282
114,640
Total
Income from charltable actlvltles
1101 Fees for weddings and
fun8rals
3,974
3.974
6,216
Total
3,974
3,974
6.216
Other tradlng actlvltles
0910 Fund raising income
0911 800 years fundraising income
1240 - Church hall lellings fund
raising
5.708
902
18,781
5.708
902
18,781
6,310
16,847
Total
25,391
25,391
23,157
Investments
1001 CBF Fund Dividends
1020 - CBF Fund interest
1030- Rent from Curalag8
2,943
2,621
10,620
16,184
2.943
2.621
10,620
16.184
2,330
1,336
10,260
13,926
Total
Other Income
0810- Ekins Youth Worker grant
release
1310 - Irssurance claims
10,216
10.216
9,575
499
10,715
186,419
499
10,715
186,419
443
10,018
167,957
Total
INCOME TOTAL
Page 15

St Peter & St Paul Abington. Northampton
EXPENDITURE
Total
ear
Unrestricted Desi
Mated
Restricted
Endowment This
Last vear
Ralslng funds
1730 - Costs of fetes & other events
Total
546
546
546
546
234
234
Expendlture on charltable activitles
1750 - Depreciation - all assets
1760- Bank charges
1850 - Mission and outreach
1851- 800 years celebration
1870 - Giving lo charities
1901 Diocesan fees paid
1910 - Parish shar8
2020- Ekins youth wort(er salary
2030 - Ekins youth work expenses
2101 Rector telephone and stationéry
2102 - Rector travèl
2103 - R&ctor training. books and subs
2104 - Rector- other expens8S
2150 - Curates travel
2151 - Curate- other expenses
2201 Discipleship and leaming
2205 - Anna chaplaincy and mission
2210 - Parish catering
2310- Church - telephonè
2320 - Organ I piano tuning
2321 Choir master feas
2322 - Choir expenses
2323 - Music expenses
2324- Flower expenses
2330 - Church repairs and maintenance
2331 Church - Cleaning
2332 - Church - water
2340 - Worship materials
2341 Online worship costs
2350 - Upkeep of chur¢hyard
2360 - Church Stabonery
2365 - Church office expenses
2370 - Church website
2380 - Copynght licences
2400 - Church running- insuranc8
2401 Church running - ele¢tri¢
2410 - Church running- gas
2430- Church- printing and copier
2450- Church - miscellaneous
2460- Church- bells expenses
2520- Rooms- miscellaneous
2530 - Rooms - electricity
2540- Rooms- gas
2550- Rooms- insurance
2560 - Rooms- repairs and maintenance
2570- Rooms- telephone
2580- Room5- water
2590- Rooms- cleaning
2601 Independent examiner
2840 - Curatage maintenance and fees
Total
3,960
49
350
7,300
119
1,808
74.024
7,280
1.859
1.419
1,339
465
2,118
802
1.486
545
466
938
590
1.383
8.515
1,018
225
315
9.936
449
201
1,141
508
1,450
312
101
233
972
3,395
1,078
2,645
2.147
465
3.960
49
350
7.300
119
1,808
74,024
7.280
1.859
1.419
1.339
465
2.118
802
1,486
545
466
938
590
1,383
8.515
1,018
225
315
9,936
449
201
1,141
508
1,450
312
101
233
972
3,395
1.078
2,645
2.147
465
3.818
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
186
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
3,753
167.968
619
8.097
166
2.562
3.682
590
404
4.966
390
2.580
167.462
619
8.097
166
2,562
3,682
590
404
4,966
390
2,580
167.462
EXPENDITURE TOTAL
168.008
168,008
168.202
GRAND TOTAL
18.411
18.411
245
Page 16

St Peter & St Paul Abington, Northampton
Accounting policies
Basis of preparation
The PCC is a public benefit entity within the meaning of FRS 102. The financial statements
have been prepared under the Charities Act ?011 and in accordance with the Church
Accounting Regulations 2006 governing the individual accounts of PCCS, and with the
Regulations true and fair view, provisions, tcigether with FRS 102 (2016) as the applicable
accounting standards and the 2016 version of the Statement of Recommended Practice,
Accounting and Reporting by Charities (SORP (FRS 102)).
The financial statements have been prepared under the historic cost convention except for the
valuation of investment assets, which are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the PCC.
The principal accounting policies adopted a-e set out below.
Going concern
The financial statements have been prepare,J on the going concern basis. There are no material
uncertainties related to events or conditions that may cast significant doubts upon the PCC'S
ability to continue as a going concern.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding
their use and are available for application oi the general purposes of the PCC. Funds
designated for a particular purpose by the Pi=C are also not restricted.
Restricted funds are income funds that muqt be spent on restricted purposes and details of the
funds held and restrictions provided are sho'Nn in the notes to the accounts.
Endowment funds are restricted funds that fflust be retained as trust capital either pemianently
or subject to a discretionary power to spend capital as income.
Currently the PCC does not have any restricted or endowment funds.
Income
Income is recognised when the charity is I￿allY entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has
been notified of the donation, unless performance conditions require deferral of the amount, in
which case any amounts received are held as a liability on the balance sheet.
Income tax recoverable in relation to donations received under Gift Aid is recognised at the time
of the donation.
Legacies are recognised on receipt or othernise if the charity has been notified of an impending
distribution, the amount is known, and receipt is expected.
Page17

St Peter & St Paul Abington, Northampton
Accounting policies (continued)
Income (continued)
Rental income is recognised when the rent is due. Where income is received in advance, it is
recognised in the year in which the event takes place that it relates to.
Dividends from investments are accounted for when due and payable. Interest entitlements are
accounted for as they accrue.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement, and the amount of the obligation can be measured reliably.
Tangible fixed assets
Tangible fixed assets are initially measured ai cost and subsequently measured at cost or
valuation, net of depreciation and any impairnent losses.
Depreciation is recognised on a straight-line basis so as to write off the cost or valuation of
assets less their residual values over their uspful lives on the following bases:
Short life assets - hardware 3 years
Furniture 5 years
Land and buildings (21 Lime Avenue and church rooms) - depreciated down to the
estimated residual value of the freehol,J land.
The gain or loss arising on the disposal of an asset is determined as the difference between the
sale proceeds and the carrying value of the &set, and is recognised in the statement of
financial activities
Individual assets with a purchase price less than £1,000 are written off when the asset is
acquired.
Investments
Investments are initially recognised at their transaction value and subsequently measured at
their fair value as at the balance sheet date using the closing quoted market price. The SOFA
includes net gains and losses arising on revalijations and disposals throughout the year.
Accounts receivable
Amounts owing to the PCC at 31 December in respect of gift aid, fees, or other income are
shown as debtors less provision for any amoJnts that may prove uncollectable. These are
recognised initially at the settlement amount.
Accounts payable
Creditors are recognised when the PCC has an obligation at the balance sheet date as a result
of a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estinated reliably. Creditors are recognised at the
amount that the PCC anticipates it will pay tc settle the debt.
Page 18