2024-12-31-accounts

ST PETER’S PARISH CHURCH

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (Registered Charity Number 1131758)

Thomas & Young Limited Chartered Accountants Solihull

ST PETER’S PARISH CHURCH

	CONTENTS
		Page
Legal and administrative information		1-2
Trustees’ Report		3-5
Independent Examiners’ Report		6 - 6a
Statement of Financial	Activities	7
Balance Sheet		8
NotestotheAccounts		9-15

eee

ST PETER’S PARISH CHURCH

Page 1

Charity Information

Chairman Rev Canon Martin Woodard Stephenson

Trustees	RevCanon Martin Woodard Stephenson
	Dr David John Andrews
	Mrs Kathryn June Hawker
	Mrs Josephine Crane
	Mrs Phyllis Mary Benedikz
	Mr Colin Dunbar
	Mr Edward Roger Hill
	Mrs Anne Burgess
	Mrs Jennifer Birch
	Mrs Karen Wilson
	MrAdam North
	Mrs June Martin
	Mr Martin William Cole
	Mrs Julia Clare Tortise
	MrsLynetteOlatundeRachelAdjei

Charity Number 1131758

ea

Page 2

ST PETER’S PARISH CHURCH

Charity Information (Continued)

Charity Offices

Highfield Road Hall Green Birmingham B28 OBT

Bankers

HSBC

34 Poplar Road Solihull West Midlands B91 3AF

Church of England Deposit Fund 85 Queen Victoria Street London EC4V 4ET

Independent Examiner

Thomas & Young Limited Carleton House 266-268 Stratford Road Shirley Solihull West Midlands B90 3AD

==> picture [583 x 5] intentionally omitted <==

----- Start of picture text -----
a
----- End of picture text -----

Page 3

ST PETER’S PARISH CHURCH

REPORT OF THE TRUSTEES

For the year ended 31 December 2024

The Trustees present their report for the purposes of Part 8 of the Charities Act 2011 for the year ended 31 December 2024.

TRUSTEES

The Trustees who served during the year are named on page 1.

PRINCIPAL OFFICE

The principal office is:

Highfield Road Hall Green Birmingham B28 OBT

ADVISORS DURING THE YEAR

Independent Examiner: Thomas & Young Limited Bankers: HSBC Church of England Deposit Fund

OBJECTIVES AND ACTIVITIES

St Peter’s remains an Anglican Parish Church committed to sharing the love of God with all whom it comes into contact. It is usually open for public worship every Sunday, at 8.30am, 10.00am and for evening worship once a month at 5.00pm, on weekdays on Wednesday mornings at 10.00am, and on Thursday evenings at 6.30pm. A staff of one full time stipendiary minister (incumbent) serves alongside other ordained staff and active lay people. We employ a part time Parish Administrator who is generally available in the Parish Office on Wednesday, Thursday and Friday mornings.

We have a regular and long-term commitment to providing opportunities for young and old to flourish. ‘Food and Friendship’ — a lunch club meets every Wednesday and, staffed by an energetic team of volunteers, provides a meeting place, hospitality and a cooked meal for 20-30 people. Our toddler group, Tots and Co, again staffed by volunteers, provides a recreational space for parents or grandparents or carers and pre-school babies and children every Friday. Our youth groups comprise a thriving Scout Company (254th) with Beavers, Cub Scouts, Scouts and Explorers, Rainbows and Brownies meeting every Friday in two companies, a Girls’ Brigade Company (80th) of approximately 30 young people with substantial voluntary adult leadership, as also a Boys’ Brigade Company (80th) with membership of approximately 30 young people and, likewise, a committed team of volunteer leaders. Amicus Youth Group (associated with Boys’ Brigade) for those over 14 provided additional opportunities for meeting and recreation for young people. Scouts provided regular outdoor activities and camps, and Boys’ and Girls’ Brigade ran another successful summer camp in August 2024.

eeeeee eee eeeeee rere eee ee ee

Page 4

ST PETER’S PARISH CHURCH

REPORT OF THE TRUSTEES (continued)

OBJECTIVES AND ACTIVITIES (CONTINUED)

In addition to this regular church groups meet for Christian discipleship learning and development and for mutual encouragement and support. These include a women’s group, home groups, and Mothers’ Union.

We have good relationships with local schools. Regular visits are made to the church by pupils at Hall Green Junior School. In 2024 60 children from year 5 classes at Chilcote and 120 children from year 2 classes at Hall Green Infant School made an educational visit to the church, and Chilcote School held a whole school end of term Christmas assembly in church.

Our relationships with local Christian Churches remain strong, and we held united services and meetings throughout the year. The churches co-operate with youth work, especially through the charity Hall Green Youth, which employs two youth workers to run a youth club for vulnerable teenagers and does substantial mentoring work in Hall Green School and Christchurch Academy.

We continue to support at a distance our partner church of St Mark’s Mzuzu by regular prayer and sharing of news.

Our relationships with other faith and non-faith groups are good and assisted by our partnership in Hall Green Forum which co-ordinates caring groups across B28, meeting at Highfield Hall Community Centre. We also hosted Robin Hood Academy Parents and Teachers Association for a fund raising Iftar during Ramadan.

In 2024 the installation of the new heating system of air source heat pumps was completed, with significant electrical upgrading work with the support of National Grid.

In 2024 we celebrated our Diamond Jubilee Year, with a walk around the parish bounds and a successful afternoon tea and barbecue, welcoming many local residents to enjoy hospitality. In September, we opened our church as part of the national Heritage Week programme, and had visitors from a wide area. In October, the Bishop of Birmingham helped us conclude our Diamond Celebrations with a Sunday Confirmation Service.

In 2025 we continue to work towards even closer co-operation with our local Anglican partners at The Church of the Ascension and St Michael’s as an Oversight Area under the new pastoral scheme set up by Church of England Birmingham. The incumbent will retire and resign his incumbency from 8 August 2025

FUTURE PLANS

The charity plans to continue to promote the Church as per the Objectives and Activities laid out above.

FINANCIAL REVIEW

The financial statements show a deficit for the year of £10,236 (2023 £48,813) and the total fund balance at 31 December 2024 was £356,415 (2023 £366,651).

Page 5

ST PETER’S PARISH CHURCH

REPORT OF THE TRUSTEES (continued)

INVESTMENT POLICY

It is the policy of the Trustees to seek a balanced return between income and capital over the long term. The market value of investments at 31 December 2024 was £34,917. Movements in the value of these investments have resulted in an increase of £758 to the cumulative unrealised gains at 31 December 2024.

RESERVES POLICY

It is the policy of the Trustees to keep reserves at a level that would meet between 3 and 6 months’ expenditure of the Church. Based on the 2024 accounts, the band would be between £32,000 and £64,000.

At 31 December 2024 unrestricted reserves amounted to £317,089 and restricted reserves £39,326.

RISK MANAGEMENT

The Trustees have examined the principal strategic and operational risks, which the charity faces and confirm that systems have been established to minimise these risks.

RESPONSIBILITIES OF THE TRUSTEES

Charity law requires the management committee to prepare financial statements for each financial year, which showa true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the management committee are required to:-

• e select suitable accounting policies and then apply them consistently. e make judgements and estimates that are reasonable and prudent. e state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.

The management committee are responsible for keeping 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. They are also responsible for safequarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report was approved by the Trustees on ).%.72S$ and signed on their behalf by:

Mrs Jennifer Birch (Hon Treasurer)

==> picture [173 x 29] intentionally omitted <==

----- Start of picture text -----
‘KLe Sivek’
----- End of picture text -----

eee

Page 6

ST PETER’S PARISH CHURCH

Independent Examiner's Report to the Trustees of St Peter’s Parish Church

I report on the accounts of the Charity for the year ended 31 December 2024, which are set out on pages 7 to 15.

Respective responsibilities of trustees and examiner

The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under Section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts under Section 145 of the 2011 Act;

• • _ to follow the procedures laid down in the general Directions given by the Charity Commission under Section 145 (5) (b) of the 2011 Act; and
• • to state whether particular matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

ee

reer errr e reece eee

eres

Page 6a

ST PETER’S PARISH CHURCH

Independent Examiner’s Report to the Trustees of St Peter’s Parish Church (continued)

Independent examiner's statement

In connection with my examination no matter has come to my attention:

• 1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with Section 130 of the 2011 Act; and

• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

• 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J Carty FCA FCCA Thomas & Young Limited Chartered Accountants & Registered Auditors

Carleton House

266 — 268 Stratford Road

Shirley Solihull West Midlands B90 3AD

Dated:

==> picture [124 x 177] intentionally omitted <==

----- Start of picture text -----
__ Hats
to Apal_Al wrwrs
----- End of picture text -----

Page 7

ST PETER’S PARISH CHURCH

Statement of Financial Activities for the year ended 31 December 2024

==> picture [507 x 462] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Note|Funds|Funds|2024|2023| |£|£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|3|83,072|1,009|84,081|119,876| |Charitable|activities|4|23,287|696|23,983|23,694| |Income|from|investments|5|8,278|622|8,900|9,951| |Total|income and endowments|114,637|2,327|116,964|153,521| |Expenditure|on:| |Charitable|activities|6|123,554|4,404|127,958|206,416| |Total expenditure|123,554|4,404|127,958|206,416| |Net gains on|investments|-|758|758|4,081| |Net (expenditure) /income|(8,917)|(1,319)|(10,236)|(48,813)| |Transfer|between|funds|-|-|-|-| |Other|recognised|gains/|(losses)| |Gains|on|revaluations|of fixed|assets|-|-|-|-| |Net movement|in funds|(8,917)|(1,319)|(10,236)|(48,813)| |Reconciliation|of funds:| |Total|funds|brought forward|13/14|326,006|40,645|366,651|415,464| |Total|funds carried|forward|13/14|317,089|39,326|356,415|366,651|

----- End of picture text -----

nee

Page 8

ST PETER’S PARISH CHURCH

BALANCE SHEET As at 31 December 2024

	Note		2024		2023
		£	£	£	£
FIXEDASSETS
Tangible assets	9		310,000		310,000
Investments	10		34,917		33,228
CURRENTASSETS
Debtors	11	-		-
Cash at bank and in hand		16,873		32,573
		16,873		32,573
CREDITORS: amounts falling due
within oneyear	12	5,376		9,150
Netcurrentassets			11,497		23,423
Total assets lesscurrent liabilities			356,415		366,651
INCOME FUNDS
Restricted	13		39,326		40,645
Unrestricted	14		317,089		326,006
			356,415		366,651

Approved by the Trustees on 7-%.%02¢§ = and signed on its behalf by:

• \ \ “ ; Jerr € Bivcwivcur Mrs Jennifer Birch (Hon Treasurer)

eee

Page 9

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1 Accounting Policies

Charity information

St Peter’s Parish Church is a registered Charity in England.

The address of the registered office is given in the Charity information on page 2 of these financial statements.

The nature of the Charity’s operations and principal activities are provided on pages 3 to 5.

• 1.1 Accounting convention

The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 202) , the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from1 April 2005 which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency. The Monetary amounts in these financial statements are rounded to the nearest £1.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below:-

• 1.2 Going concern

At the time of approving the accounts, they have a reasonable expectation that they have adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts.

ee

Page 10

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1 Accounting Policies (Continued)

• 1.3. Charitable funds Unrestricted funds are available for use at the discretion of the in furtherance of their charitable objectives unless the funds have been designed for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

• 1.4 Incoming resources

Income is recognised when the Charity is legally 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. Income tax recoverable in relation to donations received under Gift Aid or Deeds of Covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is Known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods or services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5 Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in net gains/(losses) on investments in the SOFA.

1.6 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cashflows are discounted to their present value using a pretax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cashflows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

eee ee eee

Page 11

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1 Accounting Policies (Continued)

• 1.6 Impairment of fixed assets (Continued)

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments and original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2 ~— Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, they are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

eee errr ee eee

Page 12

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

3	Incomefrom donationsand legacies
		2024	2023
		£	£
	Legacies	-	-
	Donations	84,081	119,876
		84,081	119,876

Income from donations and legacies was £84,081 (2023 £119,876) of which £1,009 (2023 £41,706) was attributable to restricted funds and £83,072 (2023 £55,342) was attributable to unrestricted funds.

Included in the above are stewardships and offerings as follows:

		2024	2023
		£	£
	Regular giving	32,742	17,512
	Cash	2,518	2,660
	Contributions	-	-
	Donations eligible for gift aid	30,422	39,694
		65,682	59,866
4	Income from charitable activities
		2024	2023
		£	£
	Other	23,983	23,694

Income from charitable activities was £23,983 (2023 £23,694) of which £696 (2023 £457) was attributable to restricted funds and £23,287 (2023 £23,237) was attributable to unrestricted funds.

eeeeee ee reer

Page 13

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

5 Income from investments

Income from investments
	2024	2023
	£	£
Interestfrom deposits	609	926
Rental income	7,359	7,500
Dividends	932	1,525
	8,900	9,951

Income from investments was £8,900 (2023 £9,951) of which £622 (2023 £1,357) was attributable to restricted funds and £8,278 (2023 £8,594) was attributable to unrestricted funds.

6s Analysis of expenditure on charitable activities

Activities	Undertaken Directly	Support Costs	Total 2024	Total 2023
	£	£	£	£
Church activities	55,854	15,237	71,091	143,426
Activities support costs	54,900	-	54,900	55,000
Charity appeals and donations	1,967	-	1,967	7,990
	112,721	15,237	127,958	206,416

£4,404 (2023 £830) of the above costs were attributable to restricted funds and £123,554 (2023 £205,586) were attributable to unrestricted funds.

7	Allocation ofsupport costs
	Raising Funds	2024	2023
	Governance	1,080	990
	Finance	15	15
	Office costs	5,815	5,827
	Other	8,327	7,395
		15,237	14,227

TT EEE _____ ee

Page 14

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

8 Governance costs

Governance costs
	2024	2023
	£	£
Trustee remuneration	-	-
Trustee expenses	-	-
Independent examiners remuneration	1,080	990
	1,080	990
‘Tangible Fixed Assets
Investment Property
	2024	2023
	£	£
Costorvaluation
1 January 2024	310,000	310,000
Revaluation during the year	-	-
31December2024	310,000	310,000

9 ‘Tangible Fixed Assets Investment Property

The investment property was revalued in April 2022 by Rogers and Partners (Property Specialists), on an open market basis. The trustees consider there to be no significant change to the valuation at the Balance Sheet date.

10 Investments

Church of England Investment Fund

	2024	2023
	£	£
As at 1 January 2024	33,228	57,622
Dividends reinvested	931	1,525
Disposal	-	(30,000)
Unrealised profiton revaluation	758	4,081
Asat31December2024	34,917	33,228

ee

Page 15

ST PETER’S PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

11	Debtors
					2024		2023
					£		£
	Other debtors					-	-
12	Creditorsamounts	falling duewithin	withinoneyear	year
					2024		2023
					£		£
	Accrualsand deferred	income			5,376		9,150
13	Restricted Funds
		Balance					Balance
		1January		Incoming	Resources	Investment 31 December
		2024 £	Transfers £	Resources £	Expended £	Profits £	2024 £
	Memorials Fund	18,838	432	398	-	-	19,668
	Flower Fund	373	-	1,009	(37)	-	1,345
	Fabric Fund	17,067	326	865	-	-	18,258
	Heating Fund	4,367	-	-	(4,367)	-	-
	General Fund	-	-	55	-	-	55
		40,645	758	2,327	(4,404)	-	39,326
14	Unrestricted Funds
		Balance					Balance
		1January		Incoming	Resources	Investment 31 December
		2024	Transfers	Resources	Expended	Profits	2024
		£	£	£	£	£	£
	ChurchwardensTrust Fund	3,441	-	-	(692)	-	2,749
	Charitable Giving Fund	497	-	1,814	(1,968)	-	343
	General Reserve Fund	316,826	2,000	111,965	(122,706)	-	308,085
	Vicarage Decorations Fund	702	-	-	-	-	702
	St Peter's DayCentre	4,030	(2,000)	3,151	(163)	-	5,018
	Heating Fund	269	-	1,161	(1,430)	-	-
	Choir Fund	242	-	-	(50)	-	192
		326,006	-	118,092	(127,009)	-	317,089

13 Restricted Funds

14 Unrestricted Funds

eee