Parochial Church Council of St Peter & St Paul Abington, Northampton End of Year Financial Statements Year ended 31 December 2025
St Peter & St Paul Abington, Northampton Contents Page Administrative infomiation Report of the trustees Independent Examiners, report 11 Statement of financial activities 12 Balance Sheet 13 Notes fomiing part of the financial statem?nts 14-18 Page 2
St Peter & St Paul Abington, Northampton Admrnistrative infomiation Committees and Members as at 31 DeCeber 2025 Standing Committee Revd. Canon Byung Jun Kim (Chaiman) Bob Purser Donald Loe Chris Waters Melissa Tallack Damian Pickard Susie McKay Elizabeth KellylPrester Coleman Children and Young Persons Cathy Tinsley (Coordinator) Revd. Helen Halson Revd. Canon Byung Jun Kim Susie McKay Esme Cushing Jilly Draper Finance and Stewardship Damian Pickard {Chair) Susie McKay Donald Loe Bob Purser Revd. Canon Byung Jun Kim Chris Waters Ministry Revd. Canon Byung Jun Kim (Chair) Revd. Helen Halson Alison Barnes Elizabeth Kelly Prester Coleman Sandra Francis Cathy Tinsley Tim Dolan Paul Nathan Chris Waters Donald Loe Bob Purser Buildings Committee plus Health and Safety Andrew Munns (Chair) Donald Loe John Langley James Mercer Dorothy Bonsall Chris Waters Paul Tharby Discipleship and Leaming Bishop Andrew Proud {Ch3ir) Prester Coleman Revd. Helen Halson Revd. Jenny Parkin Douglas Rulherford Alan Sutton Jane Evans Jenny Mercer Dianne Ward Matthew George Bob Purser Sandra Francis Community and Outreach Melissa Tallack (Chairl Revd. Canon Byung Jun Kim Revd. Helen Halsi)n Elizabeth Loe Sue Harrison Damian Pickard Elizabeth Kelly Amanda Burrell Dianne Ward Bob Purser Cathy Tinsley Deanery Synod Matthew George Damian Pickard Bob Purser Revd. Canon Byung Jun Kim Revd. Helen Halson Poge 3
St Peter & St Paul Abington, Northampton Report of the trustees for the year ended 31st December 2025 The Parochial Church Council presents the r annual report and financial statements of the Church for the year ended 31 December 2C25. The administrative infomiation set out on page 3 fonns part of this report. The financial statements comply with current statulory requirements. the memorandum of association and the Stalement of Recommended Praclice - 4ccounting and Reporting by Charities. Aim and Purpose St Peter and St Paul's Parochial Church CcLncil {the PCC) has the responsibility of cooperating with the Incumbent. the ReVerd 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. wf i-h is a Grade I I" Listed Building. the PCC is also responsible for maintaining the Church Hall in Ashburnham Road. 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 thurch offir$. Vision of SL Peter and SL Paul, Abington 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 as 'tie Church in the Park". When planning our activities, the PCC has considered the Charty Commission's guidance on public benefit, and in particular the specific guidan on charities for the advancement of religion. Our serVIS and activities put faith into practice through praye-, scripture and service. Our vision for 2025 continued with the follo.ing themes and key strategic priorities. Inspiring Church: Just like the park inspires people and helps them to encounter God, we aspire to be a church that inspires through worship and 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 service and outreach. Generous Chur¢h.- Just as the park 'elcOmeS everyone and helps them to flourish in being who they are in God's abundance and generosity, we seek to be a church that is generous and welcoming towards straigers and those who feel distant from God Four Key Strategic Priorities Community: Gixl calls us to reach oul and sep4e the Community SO that his love and grace may be visible in this troubled anxious WOTId. Space: God calls us to make Spa available where people rAn dis(x)ver him and receive his love and healing. Person.. God calls us to focus on one person at a time. and to honour and encourage one person's gifts at a time. Feeding: God calls us to feed his peLT)le both physically and spiritually. Page 4
St Peter & St Paul Abington, Northampton Report of the trustees for the year ended 31 St December 2025 (continued) Achievements and Perfomiance Overview 2025 was another fruitful and enu)uraging year for St. Peter and St. Paul, Abington, as we continued to develop our mission and outreach initiatives as the Church in the Park. Below are some of the highlights of what was achieved in 2025 according to our four key strategic priorities. There are natural crossovers and overlaps between these areas, as the priorities are deeply interconnected. Communlty Abington is blessed in many ways. and we ar3 committed to sharing our blessings with the wider community by seNing those in need and by sharing the gospel through mission and outreach. One of the most significant achievements was the Tree of Hope project, which was collaborative initiative with Northampton Hope Centre. The tree was created by local artist Bob Keal, and the materials were donated by local businesses. W& are very grateful to Bob and his partners for their generosity and knndness. sin the tree was planted on Mothering Sunday. dozens of prayers and messages of hope were left each week. In the end. we had about over a thousand leaves for the Tree of Hope that induded messages of hope, prayer requests and personal stories. Some of these Messages enabled us to identify and support families who wer8 in urgent need. During this project, we were delighted to support Northampton Hope Centre in a variety of ways, including raising tsjnds and awareness, providing em8rgen¢y and hygiene kits, and delivering support packages. We saw an outpouring of generosity towards 2ur fundraising appeals for charities and social mission, lSIng almost six thousand pounds Ihrough various appeals. We supported Christian Aid, Eve, Save the Children, The Children's ¢oaety, Hope Centre and Baby Basics. We were pleased lo see that our involvement with Bab} Basics Northampton continued lo make a meaningful difference in the Iiv8s of babies and molhers in need. We are deeply grateful for the generosily and prayers within the congregaticn. Our ministry and mission with children and Yng people conlinued lo grow. particularfy through Little Fishes, which now also meets Ct the church once a month. Youth Church ntinued to Provide opportunities for young people to build relationships. share fellowship Ihrough prayer and activities, and enjoy meals together. Junior Church also continued to welcome new members. The ministry of Anna Chaplaincy and our work with the elderly and the lonely also saw significant growth. both in numbers and in dep'.h. We were delighted to commission Sandra as an Anna Chaplain alongside Liz. There are now regular services at both Abington Park View and St. Christopher's, with large Bible study sroups. Messy Vintage sessions, pastoral visits, and the ministry of home communion. Both care homes also worship remotely with the church every Sunday through online worship. All of these developments have helped to shape us as a compassionate church. Page 5
St Peter & St Paul Abington, Northampton Report of the trustees for the year ended 31st December 2025 (continued) Space One of the most significant developments il this area was the 'Roots Down, Walls Down. programme, a whole church initiative expl(ring scripture, human sexuality, scien, and the life of the Church. Over four weeks, more than forty people took part. We were humbled by the openness and sincerity of the conversations, and deeply grateknl that, despite holding different views. we remained united in the love of Christ. whith overcomes barriers. As the Church in the Park, we continued tc create Spa for all generations. The space created for children and families through Family Fun Days and other outreach activities was well attended and greatly appreciated. The spa-e created by our Anna Chaplains at Abington Park View and St. Christopher's continued to be valued by residents and staff alike. Youth Church provided a safe and supportive space for teenagers to explore fatih and enjoy fellowship through activities both inside and outside the church. The church also remained a Spa for leaming and discovery for schools antj visitors. We were pleased to welcome children from Abington Vale Primary, Bridgewater Primary, and Weston Favell Primary Schools. as well as trainee teachers from the University of Northampton. Online worship conlinued lo be an import¥t and valued space for those unable to attend church in person. Our livestream services attracted an average of more than 40 viewers each week, although the number parbcipating VKS higher, as many joined as groups. Each Sunday, at least a dozen residents from St. Christo)her's and Abington Park View Care Home joined worship together. We are very gratefijl lo Canon Peter and the Revd Hugh for Iheif minislry, and to Sarah, Liz, and Sandra for their pastoral support at Abington Park View. We were grateful to Bishop Andrew for leading the Sanctuary servi during Advent. This service was created to offer space for reflection and a deeper sense of God's presen. Those who attended found the format, induding anointing. both powerful and pastoral. This service will continue in the coming year vith different themes. The Tree of Hope once again created a Spa vthere people were invited to pray and share stories of hope. Each Sunday, some of these stories were shared and prayed for during worship. At the condusion of the project. we were delighted to present the tree to Headlands Primary School, where it has begun a new, chapter of life and storytelling. Our building remains an important part of -the space we offer. We were grateful to wmplete repair work to the south path of the church. which had been causing a trip hazard. This was made possible through a grant from the Mick George Community Fund, for vthich we are very thankful. We also express our gratitude to Donald and Chris, our Churchwardens, Andrew, the Chair of the Buildings Committee, and all -.hose who contributed to this Work. The quinquennial report confimied that the building is well cared for and in good condition, and we are once again thankful to all who support its Maintan. All of this has (J)ntribuled to our lrfe as an inspiring ¢hur¢h. Page 6
St Peter & St Paul Abington, Northampt01 Report of the trustees for the year ended 31st December 2025 {continued) Person In Abington, we are committed to enabling the people of God, blessing their gifts and talents, and seeing them released for the Kingdom We were encouraged not only by welcomirvJ new people into the congregation, but also by seeing them become involved in the life of-he church. We were delighted to commission new members of the Serving Team for the Pari<h Eucharist. Junior Church continued to grow, supported by new leaders and helpers, anc new volunteers joined Ltttle Fishes. We also welcomed new members to the livestreaming team and to the PCC. These developments reflect ongoing growth in enabling and nurturing new leaders within the church. One of the most significant events in this area was that we welcomed Chris Waters as our new Churchwarden following Jim's retirement WK) stepped down after many years of faithful service. We are very grateful to Jim indeed for his faithfulness. We give thanks and praise to God for Chris and Jane. his wife. as they girfe their life for the mission and glory of God through Chris. role. We were pleased to welcome the Revd Hel2n and James lo the parish as Helen began her first year as Curate in Abington. forlovn9 her orjination as Deacon. Another significant moment in the life of the church was Ihe sending of the Revd Tracy to her new role as Priest in Charge of Wootton, folowing the completion of her curacy in Abington. This transition was a powerful testimony to the generosity, prayerfulness, and fruitfulness of the parish. Roots down. Walls down. together with our iome groups again reminded us that the Kingdom starts from stopping for the one, listening to the one person's story and seeing God's image in that one person. We all are part of the Body of Christ. The church is not a building that exists separately from me somewhere. but my life, my home, my vffjrt( place is the church into which God sends us to let his love and grace known. All this, again, are signs of us being shaped as an inspiring church. Feeding For us, feeding indudes both spiritual nouri¢hment and practical support. Hilary and Rhiannon continued to lead lunctr clubs for the elderfy and forfamilies, which were greatly appreciated. and we are very gratef for their commitment Hospitality after Sunday servIs, refreshments at the Antiques Fair, and shared meals at Youth Church all contributed to a culture of generosity. welcome. and wamth, helping us to bring people to Christ. Page 7
St Petèr & St Paul Abington, Northampton Report of the trustees for the year ended 3181 December 2025 (continued) Under the leadership of Bishop Andrew, discipleship within the church continued lo grow, wilh home groups meeting regularly in a more (.anIc and sustainable way. This development was shaped by a vision that discipleship should be a natural and regular practice, rather than a time limited initiative. Each group followed different themes and styles, including exploring art and the gospel. studying scripture. reading thec4ogical texts, and enabling members to lead sessions through their own questions of failh. These groups have continued to enrich and inspire our shared life as disciples. and the fact that some groups have already reached capacity is a sign of the fruitfulness of this ninistry. The fact that we were able to give £5,750 to different charities, again, shows the extraordinary generosity in this church community. We a deeply grateful. All of these developments have helped to siape us as a generous ¢hur¢h. A full report of the developments, activities and achievem8nts of the Church during the year is presented to the Church Annual General Meeting. A copy of the 2025 report can be obtained from any of the church officers. Financial Revlew The total unrestricted income for the year ds £203.507 {2024.' £186,419), which includes one-off grant of £22.853 towards the cost of repairing the south path of the Church. Planned regular giving, administered Ihroush the Parish Giving Scheme. continues to be our main source of income. and we are very gratefijl for the continued generosity of our congregation. Income from planned giving and associat8d gift aid contributed £103,191 to our total income in 2025. The church also received two legacy gifts in 2025, for which we are very grateful. Income from the hire of our church rooms ircreased lo £21,505 as we saw the full-year effect of the contract negotiated in 2024 with the nursery, and increased use from other hirers. We also Continued to receive rental income from the property we own in Lime Avenue1£11,000). During the year, a significant projecl was undertaken lo repair and improve the south path. We were awarded a grant from the Mick George Community Fund of £22,853 towards the total cost of £27,943. Total expenditure for the year was £206,641 12024.. £168,008), leading to a deficit of £3,134, before revaluation of investments (2024.. surplus of £18.411). After adjusting for the loss on investments, the total decrease in funds for Ihe year was £5,351 12024.. increase of £21,888). This deficit has been funded from our r8seThres and specifically, the surplus generated in 2024. The church was subject to quinquennial review in 2024, and this confirmed that our building is in good condition with no major work being required. Following the report issued, some recommendations and small repairs were completed in 2025 and a further schedule of works are planned for 2026. These works will alsc be funded from the surplus generated in 2024. A further £5,000 was transferred to the designated fund for the future repair costs of the church organ. The lotal balance on this fund at the year-end is £20,000. Page 8
St Peter & St Paul Abington, Northampton Report of the trustees for the year ended 31st December 2025 (continued} Investment Policy The PCC manages its investments throuth CCLA Investment Management Limited, and the CBF Church of England funds. A baland portfolio of cash, equities and fixed interest securities is maintsined, designed to preserve capital value and provide an inveslment income to support Church activities. Reserves Policy The total net assets al the year-end were r301,911 (2024.. 307,262). Of this £138,285 is held as tangible fixed assets, being the church rooms and property owned in Lime Avenue. The remaining reserves are held as investments with CCLA and in currenl and deposit bank accounts. Apart from the designated organ repairfund of £20,000, all reserves are unrestricted. The PCC considers that total current ass* of £181,143 as at 31 December 2025 are sufficienl to suslain its operations over the forthconing year. Structure, Govemance and Management The Parochial Church Council is a corporate body established by ihe Church of England. The PCC operates under the Parochial Churcfr Council Powers Measure. The PCC is registered with the Charity Commission, Charity Number 1131414. The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Incumbenl, thE Churchwardens, representatives of the Lay Ministers, those elected to the Deanery Synod and other members who are elected at the Annual Parochial Church Meeting. by thooe 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 mdking decisions on all matters of general concern and importance in the parish, and for all financ3al matters. The full PCC met four times during the year. Given its wide responsibilities, the FCC has a number of sub committees, each dealing with a particular aspect of parish life. Eack 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 Ihis report. Risk Managgment 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 PCC 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 tho trustees for the year ended 3181 December 2025 (continued) Council member's responsibilities in relation to the financial statements The council members are responsible for preparing the Report of the Trustees and the financial stalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccoJnting Practice). The law applicable lo charities in England and Wales, the Charities Act 2011 and Charity (Accounts and Reports) Regulations 2008, requires the PCC members to prepare financial statements for each financial year which give a tnje and fair view of the state of affairs of the charily and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. n preparing ihese financial statements the members are required to= selecl suilable accounting policies and then apply them consistently., make jL¢dgments and estirnates that are reasonable and prudent- state whether applicable accounting >tandards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial ststements., and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The council members are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charity and to enable them to ensure that the financial statements compl5, Wlth the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008 They are also responsible for safeguarding the assels of the church and hence for taking -easonable 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 lo the L*arity. Approved by the PCC on 26 AArd IL nd signed on its behalf by.. Revd. Canon Byung Jun Kim CLftiL4 Rector Page 10
St Peter & St Paul Abington, Northampton Independent examiners, report to the trustees of St Peter & St Paul. Abington, Northampton I report on the accounts of St Peter & St Paul, Abington for the year ended 31 Dernber 2025 which are sel out on pages 12 to 18. Respective responsibilities of trustees and examine The charity's tnjstees are responsible for th- preparation of the aGrx)unts. The charity's trustees consider that an audil is not required for th s year under seixion 144 of the Charities Art 2011 (the Charities Act) and that an independenl 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 14515llbl of the Charities Act, and to state whether particular matters trave come to my attention. Basis of independent examinerfs ststement My examination was carried out in aGcordGnce with 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 aco)unts, and seeking explanations from the trustees concerning any such matters. The procedLres undertaken do not provide all the evidence that would be required in an audit. and consequendy no opinion is given as to whether the accounts present a 'true and fairf view and the repor. is limited to those matters set out in the slatement below. Independent examiners, statement In connection my examination, no material matters 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 accounting records I have come across no other matters in connection with the examination to which attention should be,PraOb in order to enable a proper understsnding of the accounts to be reached. Signe April lol Keith Loader MAAT TaL4ssisl Accountants 149 Park Avenue North Northampton NN3 2HY Page 11
St Peter & St Paul Abington. Northampton Statement of Financial Activities for the year ended 31 December 2025 Unrestricted funds Re$tTf¢ted Endowmettt fund5 funds Total fund5 Prior y¢ar total fuods Income and ondowrnents from.. t)onations legacies Incorne from charitable actswties Other trading actiw*'¢S Investfflents Other incorne Total income 143,718 5,892 27,067 16.695 10.135 203,507 143.718 5,892 27,067 16,695 10,135 203.507 130,155 3,974 25,391 16,184 10,715 186,419 Expenditure on.. Raising funds Expenditure on tharitabl8 activit188 Total axpondbture 197 206.444 206.641 197 206.444 206,641 546 167.462 Net Income I lexpendlturo) re50urGes b•for• transler 13.1341 13,1341 18,411 Transfars Gross transfer5 belween fU5- in Gross transfers belween fund5- Out Othar recognised gains I bosses Gains on revaluatiofj. fixed assets. tharity's own use Net rnovement In fund$ 5,000 15,CX)01 5,0Tr) 15,0001 5,000 15,OlY)I 2,217 15,3511 2,217 15.3511 3.477 21,888 Totsl funds brought forward 307.262 307,262 285,374 Total funds carFi0d forward 301.911 R$pre$ented by Unrestrictgd G8neral fulld 281,911 281,911 292,262 Designated Designated fvnd 20,000 20,000 15,000 Page J2
St Peter & St Paul Abington. Northampton Balance sheet as at 31 December 2025 CIASS gnd code Descri tion Thi5 tar JJ15t vear Flxod o$$•ts 6000 8010 6030 21 LThe Avenue Church RLK)ms Church Ckgan Short life assrfs- 5(fvdre Shm life assets. harthva Furniture and equi))1 Totsl Fixod a8•etS 37.720 99.939 39,359 99,939 6050 987 894 141.179 626 138.285 Curr•nt asvt• 65Ct) 6505 6510 6550 6560 6S70 6580 65 Z05 Lloyds Bank Ae C(C01375 Nal West AC 7849?iJ92 CCLA ICBFI tlepoiii aLtyJni CCLAICBFIFixed SeLxmbes Fund CCLAICBFllnvestment Fund CCLA ICBF)Global Equrty FuTrJ CCLA ICBFI VK Eryity Fund Cash in hand Acetyjnts R8ceiv*b Total eumint u•Bts 4.147 6,092 60.062 30.484 49.147 26.752 24.604 1.049 54.367 29,T55 30,281 28,333 20,230 1.972 1.300 191.891 1.441 3.018 181.143 Llablllll•$ 8650 6699 Z04 Ekins Youlh grnnt AqenLy cdlecbons ACCnIS Poyable T?tsl Ll•bllW 10.135 4.050 11.623 25,808 3,214 14,303 17,517 N•t Au•t 5urpluJldollcltl 307 262 Exc$ I Idefioti to d•t• Stsityng bolances Olh¢r 981n¥{lse5 Gainslllossul on rNeStrnt 03sots Tot•l R•wr4 13.1341 7.282 18.411 285.374 Z01 Z02 Z03 2,217 301.911 3,477 307.262 R•prnMni•J by fJnd• Unresincied Designated R851ncl8d En<lowmènt Total 281.911 20,OC 292.262 15,orK) 307 262 Page 13
St Peter & St Paul Abington, Northampton Statement of assets and liabilities as at 31 December 2025 Cen..r*l Dosi at¢d R¢str5cted Endowment This ve#T 14asI e4r Fixèd assats- Tangibl8 assots 21 Lime Avénue- Church R(x)ms- Short life assets- hardware- Fumilur& 8nd 8quipmenl- 37. 99.939 37,720 99,939 39.359 99.939 987 894 141.179 626 138,: 626 138.28S Tota15 Current assots- Cash at bank and in hand Lloyds aank Ac 00001375- Nal Wesl A¢ 78492092- CCLA ICBFI depo¥itacLy)unt- Cash In hand 4."L7 6.092 40.062 4.147 6.092 60.062 1,441 71.742 24.604 1,049 54.367 1,972 81,992 20,000 Totsls 20,000 Currant assets- Debtor# Accounts R¢céivablÈ- 3.018 3,018 1,3LYJ 1.3 Tota18 3,018 Current assets- Invé$tments CCLAICBFIFixed Interest Securilie5 Fund- CCLAIC8Fllnv8sim8ni Fund- CCLA ICBFIGlob81 Equity Fund CCLA IC8FI UK Equity Fund- 30,4 49,"47 30,484 49.147 26.752 29.755 30,281 28,333 20.230 108.599 Totsis 106,-.63 106,383 Llabilrties- Agency a¢coun¢s Agency coNections- 3,214 3,214 4,050 4.050 Totals Liabilhi•8. Cr•dltor8: Amounts falllnq dug in one year Ac(x)unts PaYab- 14.:.C3 14,303 1{303 11,623 11.123 Totals Llabiliti88- Provision for liabiliti95 a1 haryos du8 wfjthln one year Ekins Youth workergrant- 10.135 10.135 Totsis Grand total 281 C11 20,000 J01.911 307.262 Fund movement by type enl Intomln Out oin Transfer5 Gain5110s5e$ Jourttals Closin D•s- De8lgnatod fund Dasignaled 15.000 1SOOO 5.OCh) 5.000 20.000 20,000 su101a1 for Dos General. Gemral fvnd Unrèstrthd 292.262 292,262 203.507 203,507 208.641 206,641 5.000 15,0001 2,217 12,2171 281.911 281.911 Sul>totsl fr+r Gpnqral Agoncy-Ag8ncy collection Restnctad sub.total for Agèncy Grand total 307.262 206,641 301.911 Page 14
St Peter & St Paul Abington, Northampton Analysis of income and expenditure for the year ended 31 December 2025 Total Car Last Unrestritt¢d Dr51 nated Restricted EndoMm¢nt This ear INCOME AND ENDOWMENTS Donations and legacies 0101 - Gift - Bank 0110- Gift Envebpes 0302- Loose plate cash - Weddings & funerals 0303- Loose plate Cash- occasi(Mal services 0401 - T8a coffee & wallsafe eash 0410 Non Gift Aid donations 0501 - one Gift Aid grfts 0510 Online donations 0601 - Tax reVerable on GrfL 0701 Legacie5 08A1 - Non-rewrring on8-off granis 0901 - Other funds genera18d 0902- Lunch club donations 80,904 787 85 80,904 787 85 80,495 1,296 75 128 128 2,420 4,100 604 1.771 22.287 5.100 22.853 2.343 336 143.718 2.420 4,100 604 1,771 22,287 5,100 22.853 2.343 336 143,718 3.224 490 7.915 3.012 21,243 8.685 6SO 3,070 Total 130.155 Income from charitabl• activiti•s 1101 Fees for weddings and lunerals 5,892 5,892 3,974 Totsl 5,892 5,892 3.9T4 Other tradlng activltiès 0910- Fund raising income 0911- 800 years fundraising in¢cme 1240- Church hdl lettsngs- fund raising 5,526 36 21.505 5,526 36 21.505 5.708 902 18,781 Total 27,067 27.067 25,391 Investrnents 1001 CBF Fund Divid8nds 1020- CBF Fund interest 1030- Rent from Curatage 3.207 2.488 11.000 16,695 3,207 2.488 11.000 16.695 2.943 2.621 10,620 16,184 Total Othèr Incom• 0810- Ekins Youth Worker grant r818ase 1310 Insurance ¢laims 10.135 10,135 10.216 499 10,715 186.419 Total INCOME TOTAL 10.135 10.135 203,508 Page 15
St Peler & St Paul Abington, Northampton EXPENDITURE TotAI egr Last Unrestricted Desi nY4¢ed Restricted End wm nt Thts efir Raising funds 1730- Costs of fetes & other events Total 197 197 197 197 546 548 Expenditure on ¢haFitabl• aetivbtiés 1750- Depre¢iation- all assets 1760- Bank Charges 1650- Mission and outr8ath 1851- 800 years celebration 1870- Giving to charities 1901 Diocesan fees paid 1910- Parish share 2020- Ekins youth wother 58lary 2030- Ekins youth wotk expenses 2101 Rector telephone and stationery 2102- Rector travel 2103- Re¢tor training, knoks and subs 2104- Rector- other expenses 2150- Curates travel 2151 Curate- other expenses 2201 Discipleship and leaming 2205- Anna chaplaincy and mission 2210- Parish catenng 2215- Lunch dub 2310- Church- telephone 2320- Organ I piano tuning 2321 Choir masterfees 2322- Choir expenses 2323- Mus¢ expenses 2324 - Flower exp8ns85 2330- Church repair5 and rnaintenan¢e 2331 Church- Cleaning 2332 Chur¢h- water 2340 - Worship materials 2341 - Online worship costs 2350- Upkeep of churchyard 2360_ Church Stationery 2365- Church offiee expenses 2370- Church website 2380- Copynghl Iicenc8S 2400- Church running- insurance 2401 Church running 818Ctric 2410- Church wnning - gas 2430- Church - printing and ¢opier 2450- Church- misc8llan80US 2460_ Church - bells expenses 2520- Rooms- miscellaneous 2530- Rooms- electricty 2540- Rooms- gas 2550- Rooms- insurance 2560- Roorns- repairs and rnaintenance 2570- Rooms- telethone 2580- Rooms- water 2590- Rooms - cleaning 2601 Independent examiner 2840- Curatage maintenance and fees Total EXPENDITURE TOTAL 2,894 2,894 3,960 49 350 7,300 119 1.808 74.024 7.280 1,859 1.419 1,339 465 2,118 802 1.486 545 466 939 407 299 200 3.420 77.257 6,976 2,859 1,337 1.250 373 3,294 381 821 657 933 1,121 333 607 1,031 8.514 137 407 299 200 3,420 77,257 6,976 2,859 1,337 1,250 373 3,294 381 821 657 933 1.121 333 607 1.037 8.514 137 590 1.383 8.515 1.018 225 315 9.938 449 201 693 40.187 450 210 985 154 5,739 351 152 215 1,002 3.494 2.001 3,516 1,789 1.458 252 240 7.472 137 2.635 7.219 693 40.187 450 210 985 508 1,450 312 101 233 972 3.395 1,078 2,645 2,147 465 5,739 351 152 215 1,002 3,494 2.001 3,516 1,789 1,458 252 240 7,472 137 2,635 7.219 619 8.097 166 2.562 3.682 607 1.051 5.826 390 3,278 607 1.051 5.626 390 3.278 206,444 206.641 590 404 4.966 390 2.580 167.462 168.008 GRAND TOTAL 3,134 3,134 18,411 age 10
St Peter & St Paul Abington, Northampton Accounting policies Basis of preparation The PCC is a public benefit entity within th? meaning of FRS 102. The financial statements have been prepared under the Charities Ar. 2011 and in accordance with Ihe Church Accounting Regulations 2006 goveming the individual accounts of PCCS. and with the Regulations true and fair viev/ provisions, together with FRS 102 {2016} as the applicable accounting standards and the 2016 version of the Statement of Recommended Practtce, Accounting and Reporting by Charilies ISO4P (FRS 102)). The financial stslements have been prepared under the historic cost convention except for the valualion of investment assels, which are shown at fair value. The financial statements are prepared in slerling, which is the fijnctional cUencY of the PCC. The principal accounting policies adopted are set out below. Going concom The financial ststements have been prepared on the going concem basis. There are no material uncertainties relat8d to 8vents or condition) that may cast significant doubts upon the PCC'S ability to continue as a going conrn. Funds General funds represent the fijnds 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 >CC are also nol restricted. Restricted funds are income funds that mujt be spent on restricled purposes and details of the funds held and restrictions provided are shown in the notes lo ihe accounts. Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spenj capiL31 as income. Currently the PCC does not have any restncted or endovmient funds. Income Income is recognised when the charity is legally entitled lo il after any perfomiance cnndilions 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 nolified of the donation, unless perfomiance 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 lation to donations received under Gift Aid is recogni$8d at the time of the donation. Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution. the amount is known, and recEiPt is expected. Page 17
St Peter & St Paul Abington, Northampton Accounting policies (continued) Income (continued) Renlal income is recognised when the rent li 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 t)r vthen due and payable. Interest entitlements are aGwunted for as Ihey accrue. Expenditure Expenditure is recognised once there is a1gJal or constructive obligation to transfer economi benefit to a third parly, it is probable that a t7nsfer of economic benefits will be required in settlement, and Ihe amount of the obligatior can be measured reliably. Tangible fixed assets Tangible fixed assels are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any imparment losses. Depreciation is re¢cKJnised on a straight-lino. basis so as to write off the cost or valuation of assets less their residual values over their Lseful lives on the following bases.. Short life assets- hardware 3 years Fumitufe 5 years Land and buildings (21 Lime Avenue and church rooms)- depreciated down to the estimated residual value of the freeh Jld land. The gain or loss arising on the disposal of cn asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is re¢xJgnised in the statement of financial activities Individual assets with a purchase price les¢ Ihan £1,000 a written off when the asset is acquired. Investments Investments are inttially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet dale using the closing quoted markei price. The SOFA includes net gains and losses arising on re'ialuations and disposals throughout the year. Accounts receivable Amounts owing to the PCC at 31 DernbEr in respect of gift aid, fees. or other income are shown as debtors less provision for any amounts that may prove uncollectable. These are recognised initially at the setdement amount. Accounts payable Creditors are recognised when the PCC hcs an obligation at the balance sheet date as a result of a past event, it is probable that a transfw of economic benefit will be required in settlement, and the amount of the settlement can be eiMated reliably. Creditors are recognised at the amount that the PCC anticipates it will pay lo settle the debt. Page 18