2022-12-31-accounts

Charity	number		1131571
Trustees
		Vicar	Revd Mark Dearnley
	Churchwardens:		Mark Wailer
			Lisa Williams
		Readers.	Margaret Tinsley
			Richard Butler
			Ruth Deamley
			Margaret Blake (joined	November		2022)
	Deanery	Synod 2020- 2023'	Patricia Uoyd
			Steve Sollis
	PCC Members 2019-2022:		Robin Farrar (stood down		Apnl 2022)
	PCC Members 2020-2023:		Patricia Seabright
			Lee Coley
	PCC Members 2021-2024:		Peter Court
			Sally Fisher
	PCC Members 2022-2025:		Suzanne Bryant (joined	April 2022)
			Graham Jones gained	April 2022)
		Treasurer	Gill Taylor (co-opted May		2022)
	PCC Secretary		Lynn Cherrill-Teasdale

Bankers and	Investment	Advisers	Chanties Aid	Foundation	Foundation		Bank Ltd
			25 Kings HIII	Avenue
			Kings Hill
			West Mailing
			Kent
			ME19 4TA
			The Central	Board of Finance ofthe Church of England
			Senator House
			85 Queen Victoria Street
			London
			EC4V 4ET
			The St.Albans		Diocesan		Board of Finance
			Holywell Lodge
			41 Holywell	Hill
			St. Albans
			Herffordshire
			AL1 1HE
Independent	Examiners		Moore Kingston		Smith	LLP
			4Victoria Square
			St. Albans
			Herffordshire
			AL1 3TF

					Funds	?022					Funds 20?1	Funds 20?1	Funds 20?1
			General	Designated		Resglctsd			Total	general Designated			Raatd	etad
			Fcltdtr	Fuhda		Funds			Funds	Funds	Funds		Ftrtt	de
			8	8		8			8		f.		8
INCOME AND ENDOINMENT9:
Oonattons end leger)ac Chuttebl ~ ectmtles Other Trading ectlvlUse lrtvsabtiartta		Ms) 2(b) 2(c) 2(d)	80,866 2f!4,000 117,766		10547 9,743 17,026				71,232 284,000 LMT,SOS 17,116	88 243 26F000 111,739 219		4 981 6,262 11,673			103,412 268 000 119991 11792
Total			442 540		37315				~79 IMB	478 201		24 806			603 195
EXFENDITORE ON; Cher)table ecgvgles Other		3(~) 3(b)	437,744 4,440		20,226		634M7 39360		6z1,see 43,790	398,954 3,096		10,206	134,46O 10,632		641 820 13727
Total			442 194		?0226	103237			Mls 849	400 049		102fo		146092	665 347
N t Income before galnelgoases)					17090	(103,237)			(86,791)	76,162		14,600	(144904)		(62,162)
Net gainer(losses) on Investmente		8		(7t!,909)					(76,909)						90,645
Nel tncomel(expendltuml					59816	103		23	182 BMB	79 162		105 145	144 904		36393
Trenslera between funds			(103,049)			103		049		(146 OSZ)			1463M2
Net Movsmsnt In Funds			102693		69818			tsB	te sse
Rsconcglatlon of Funda
Total hmds bmught fomurd		10	839668	2	665 046		5	188	3 fee Sez	706 59S	2	449 BOt		6 ~00	3181498
Total Ihnde emed forward		10	636 988		496 228		6 000		3037 IIM	839866	2	665 046		6188	3199992
The statement el tlnendsl	ectlvlUas	Indudes ag	gains end losses	recognised In the		year end	eg Income		end expenditure	derive from contlnulng	actMUes

			Note	2022	2022	2021	2021
					6	f	5
Fixed Assets:
Tangible fixed assets			5		1,938,490		1,955,323
Investments			6		598905		665,889
		Total fixed assets			2,537,396		2,621,212
Current Assets:
Debtors				35,852		33,446
Short term	deposits			324,496		317,889
Cash at bank				188,610		271 813
		Total current assets			548,958		623,148
Liabilities:
Creditors. Amounts		falling due with one	8		(49,160)		(44,468)
yeal'
		Net current assets			499,798		578,680
Total assets less torsi iiebiiities					3,037,194		3,199,892
The funds	ofthe charity:
Restricted	funds		10		5,000		5,188
General funds			10		536,966		639,658
Designated	funds		10		913,228		973,046
Revaluabon	reserve		10		1,582 tltltl		1,582,000
		Total charity funds			3,037,194		3,199,892

			2022 6	2021f
Cash flows from operating activities
Net (Expenditure)/ income for the year			(162,699)	38,393
Adjustments for:
Depreciation oftangible fixed assets			16,834	16,833
(Gains)/losses on investments			76,908	(90,545)
Dividends, interest and rents from investments			(17,115)	(11,792)
Decrease/ (increase) in debtors (Decrease)/ increase in creditors Net cash (used In) / generated by operating		activities	(2,406) 4,692 83786	2,214 ~20 725 ~56 541
Cash flows from Investing activities
Dividends, interest and rents from investments Proceeds from the sale of investments Net cash from Investing activities			17,115 ~9,925 7,190	11,792 ~9,424 ~2368
Change in cash and cash equivalents	in the	year	(76,596)	(63,254)
Cash and cash equivalents et begmning	of year		589,702	652,956
Cash and cash equivalents at snd of	year		~513106	~589702
Cash and cash equivalents
Shortterm deposits			324,496	317,889
Cash at bank			188,610	271,813
			~513 106	~589 702

2	INCOME AND ENDOWMENTS:	INCOME AND ENDOWMENTS:	2022	2022	2021
					6
2(a)	Donations and legacies
	Planned giving:
	Covenants snd gift sld		31,688		33,446
	Income tex recoverable			14,512	9,575
	Collections at services			14,428	16,891
	Other donations			10,604	2,988
	Legacies				40,512
				71,232	103,412
2(b)	Charitable activities Church Lands Charitable	Trust	264,000		268,000
			264,000		268,000
Z(c)	Other Trading activities
	Church Hall Lettings		102,269		89,709
	Fees and other donations			22,377	13,560
	Other income			2,862	16,722
				127,608	119,991
Other	income off2,862 indudes	62,136(2021:F16,021) relating to redaimed		VAT
2(d)	Investments Dividends and interest			17,115	11,792
Total	Income and Endowments			479,855	603,196

3	EXPENDITURE:					2022	2021
						6	6
3(a)	Expenditure on charitable				activities
	Grants issued:
	Missionary and chadtable			giving:
	Secular charities					16,553	11,859
	Ministry:
	Parish & Pastoral	Expenses				98,611	98,649
	Clergy expenses					86,006	31,379
	Church running expenses:
	Events & Projects
	Friends ofSt Peter' s					243	470
	Funerals &Weddings					7,872	4,933
	Depreciation					16,833	16,833
	Children & Youth					1,612	666
	Bellringers					200	200
	Cost of raising funds					2,824	212
	Fabric					38,897	28,035
	Hall and other lettings					64,140	93,764
	Staf costs (Note 4)					78,101	75,283
	Insurance					7,070	6,720
	Music					23,609	22,276
	Ministry outreach	&social				1,553	978
	Office expenses					10,350	12,526
	Worship					3,494	2,626
	Project expenditure						134,210
						521,856	541,620
	included within grants		issued		are:
	The Living	Room				3,000	3,000
	Rennie Grove		Hospice Care			11,549	4»
3(b)	Other
	Independent examination					4,440	3,060
	Legal snd professional		costs			39,350	10,667
						43,790	13,727
Total	Expenditure						556,347

4	Staff costs					2022 f.	2021f
	Wages and	salaries				57,185	53,672
	Social security costs					12,508	12,898
	Pension					6,599	6,363
	Other Staf	costs					35
						78,101	75,283
						2022	2021
						Ii0,	no.
	The average	monthly	number	of staff during	the year was ss follows:
	Employees

Fixed assets for use by the P	CC	CC
	Freehold land			Church Organ,
	snd buildings		Oflice	Grand Piano
	st	revaluation f	Equipment f	& Sculpture f	Total
Cost
At1 Januaiy 2022		1,582,000	585	629,361	2,211,946
At 31 December 2022		1,582,000	585	629,361	2,211,946
Depreciation
At 1 January 2022			585	256,038	256,623
Charge for the year				16,833	16,833
At 31 December 2022			585	272,871	273,456
Net Book Value
At 31 December 2022		1,582,000		356,490	1,938,490
At 31 December 2021		1,582,000		373323	1 955 323

	Other debtors and prepayments		~33446
8	Liabilities: Amounts falling due within one year
	Other creditors and accruals Deferred income	36,600 12,560 4	30,505 ~13963 ~44 468
	Deferred income movement:
	Brought forward	13,963	13,332
	Released dunng the year Recognised during the year Carried forward	(3,463) 12,560	(2,832) ~3463 13,963

At the year end the charity was committed to making operating leases:	the following payments under non-c	ancellable
	2022	2021
	6	6
Operating leases which expire'
Due within one year	1,267	1,267
Between two and five years	3,134	4,401

10	Statement of Funds
												Unraagsed
					Investment		Incoming	Resources				gainer
					Balance Income		Resources	expended			Transfers	(losses)	Balance
					DU01I2022								31112I2022
	Designated Funds				F.								5
	Currant Account Reserve			Fund	116,306	4,472							12D,777
	Lagsdea and Const)on Music Fund (Oyer Fund)		Fund		124 507 10,812	1,838 142							128,145 I0,65I
	Chance(Fund				2 068	64						(296)	1,617
	St Peters Institute Bu0dlng			Fund	107,886	1,451						(11348)	87,888
	Fabric Fund (Investment)				473,534	6,368						(49 809)	430,081
	Church end Vicarage	Repair Fund 78,168				2,054						(11,213)	68,898
	Other				9,776	848	20,290	(2D,226)				(4,241)	6,448
	Towards Reordering	Project			60,000								5D,DDD
					873,D46	17,026	20 28D	(20,225)				(76,908)	913,228
	Revaluation Reserve				1,682,0DD								1,682,000
	Restricted funds
	Churchyard garden				5 DDD								6 000
	Project Expenditure							(1D3,049l			103,049
	Bishop's Harvest Appeal				188				(ISe)
	Other
					5,188			(103,237)			1D3,048		5,DDD
	GenerslFunds				639,656	90	442,450	(442,164)			(103,D49)		636 866
					3,189,682	17,115	462,740	(665,846l				(78 908)	3,D37,194
	The revaluabon reserve		of 1,582,000 refers to tha buDdlngs			owned	78 StPeters Street	end Chuch He9.
	The PCC hae sat aside		Income		In certain den netad funds	but this	le eva0ebla for the	anaral	u	ea	ofthe PCC if ra	ulred

11	Analysis	of net assets	between funds	between funds
			Designated	Revaluation	Restricted	General	2022	2021
			Funds	Reserve	Funds	Funds	Total	Total
	Tangible	fixed assets		1,582,000		356,490	1,938,490	1,955,323
	Investments		598,906				598,906	665,889
	Current assets		314,322		5,000	229,636	548,958	623,148
	Creditors	due within
	one year Total		, 28	1	8, 00	81»» 14