2023-12-31-accounts

Re8iStered charlty number 1132035 St Peterfs Church, Yateley Annual Reports and Accounts Of the Parochial Church Council st Year Ended 31 December 2023 Contents Page Reference and adminlstratjve Informatlon Annual report 4-11 ststement of responslbllltles of membeTS of the PCC 12 Independent examlnerfs report 12 Statement of financlal actlvlties 13 Balance sheet 14 Notes to the flnanclal statements 15-20

PAROCHIAL CHURCH COUNCIL OF ST PETEWS CHURCH. YATELEY REFERENCE AND ADMINISTrATIVE INFORMATION 5t Peterf5 15 the Parish Church of Yateley. In the Dloce58 01 Winchester wlthln the Church of England. Correspondence and admlnlstratlve address.. St Peterf5 Parlsh Offlce, Chaddlsbrook House, 101, Reading Road, Yateley. GU46 7LR. PCC MeMbe￿h4p January-Aprbl 2023 Churchwardens Lfjnda Hosklns lan Hutchlnson (vice Chalrmanl PCC Mtmbers Rebekah Cole Joyce Ftsher Nlck Norton Je$5 Unadkat Sarah Cvllen lan Hayes John Molonev Lynn O'mahony Trevor Aylen Mithael DuncaWe Amy Lybum Mzrgaret Keane Non-votlnl Attendlnl Mark Vernon Maureen King Gill Week5 Deanery Synod Chris Cole stuart Bailev Sarah Quarterman Janet Young PCC Cholr IVk•r} Ex-offlclo PCC Secretsry TTeasurer Rev TIM Storey Rev Sam Dinsmore Janet Young Nick Norton Rev Ranjan Emmanuel PCC M•mb•rshlp Aprll- De¢•mber 2023 Churthwardens Linda H95kin5 lan Hutchin50n Ivlce Chalrmanl PCC Member5 Sarah Cullen lan Hayes John Moloney Lynn O'mahony Trevor Aylen Mlchael Dun¢JKe Sylvle Colllns Mlrhael Head Ruby Feoron Carol Sallis Rl¢hard Pa8e Rebekah Cole NO￿￿0t5￿ Attendlng Maureen Klng Glll Week5 Chloe Pollington Deanery Synod Henryk Urban Steve King Stuart Bailey Janet Youn8 PCC Chalr Ivkarl EM-offlcS0 PCC Secretary Treasurer Rev Tim Storey Rev Saffl Dlnsmore janet Youn8 Ruby Fearon Rev Ranlan Emmanuel

Sub Commltte*s Jnd Ch•lr5 Fabrl Trevor Ayjen Flnan Henryk Urban Mlsslon Ranjan Emmznyel 5afe8uardln8 Sarah Cullen Health & Safety lan Hutchlnson BUs1M￿ Board Rl¢hard Quarterman lan Hut¢hlnson U¢en$ed Lay Mlnlsters stuart Bailev Petei Ridley lan Hayes Katle Urban Ernle Ong Advlsors Bankers Lloyds Bank. 18 Prlnce of Wales Walk. Camberley, GU15 3SJ Natwest, 4S Park Street. Camberley• GUIS 3PA Independent Examlners Chamberlaln5 Chartered Accountants, Elm House, Tanshlre Park, Shackleford Road, Elstead. Godalmln& Surrey. GU8 6LB

PAROCHIAL CHURCH COUNCIIOF sr PEtEIV5 CHURCH. YATELEY Annual Report For The Year Ended 31 De￿mber 2023 The Parochlal Church Councll IPCCI of St Peterfs, Yateley, ye5ents its annual report forthe year ended 31 December 2023, tO8ether with the actounts for the year. The accounts have been prepared in accordance with the requirèments of the Charities Act 1993, the Statement of Recommended Prartlce-Accountlng and Reporting for Charities" ISORP 20051 issued by the Charlty Commisslon, the Charltles IAccounts and Reports) Re8ulations 2005 and the Church Accounting Regulatlon5 Strurturn. Govwname And Management The PCC is a corporate body establtshed by the Church of England. Thè PCC operate5 under the Parochlal Church Council Powers Measure. It Is reglstered with the Charities CommlssSon as a Charlty, In attordante wlth the Charities Art 2006. The PCC has no related trusts or chafltles. PCC appuintrnents are made by electlon at the APCM. The process of appolntfnent IS Set out by the Church Representation Rules. The Churchwardens are ex.offlcio member5 ofthe PCC and are eletted at the Annual Parlsh Meetlng. The PCC members hold re5pgnslbllltie5 Includln8 health and safely, dlscrlmlnatlon leglslatlon. child protection and other le831 obli8atlons, Members are introduced to their re5ponsibilitie5 at the first mEeting of the PCC foll¢)wing the Annual Meetlng. The PCC constitution includes the embodiment of a Standing Commlttee. whose re5ponsibllities are to exerclse any necessary PCC business between meeting5. The Standin8 Cgmmittee constituted membership is: Vicar. Ch￿￿hwarde￿s. Treasurer, Secretary plus one elected member of the PCC. The lerms of all PCC Sub Commlttees are reviewed las nece55aryl and agreed. and their membership 15 appointed annually by elertSon at the first meeting of the PCC followin8 the Annual Meeting. Fbnanroal Revlew and R*5erve5 Pollcv In 2023 the Churth made 3 loss of £19,20112022:10,9871 on general funds. Church income from giving reduted, but tradln8 In the shop and the café Improved, ijesplte extra related costs. Both businesse5 contlnue tts be valuable resources for use by tht communlty and contrlbute slgnlltcantly to Church funds and help to repay loans taken out In wnnertion with the extension and refurblshment works. These loans totalled £134,47612022.. £174,474) at the year-end, including a £IO.OJO loan from a member of the tongregatlon12022.. £10,000) St Peterfs pollcy is to hold an amount equal to up to 3 month5 operational costs in reserve, depending on the nature of thosè costs. Taklng Into account restrlcted lunds, sufficlent reserves were held In Ilne with this policy at the end of 2023 and so spending on designated and capital projects will be t105ely monitored durln8 2024 and our reserves positlon monitored on a regular basis. Rlsk maTha￿ment The PCC re£o8nlse5 Its re5ponsiblllty for mana8lng risk and ensurln8 best practice and conforrnity to legal obligations in all areas of church life, Sncluding.. physScal risk5 to the health and safely of employees, volunteers and users,- financial ￿Sk$ through commerclal artlvlty; the dilapidation of building5.' personnel Issues Includin8 the195s of people with key skills,. and the safeguarding of children and other vulnerable people. A Financial Risk Re8lSter has been formed and 15 revlewed annually. Risks are always considered as part of the deci51on-makin8

process accordin8 to their relevance, and measures are tsken to mltlgate risks through monltorin8, tialning and re8ular r￿lèw. The PCC has speciffc pollcte5 relatlng to these areas that are reviewed annuallv. Safe8uardlni 5t Peterfs has a Safegua¥dlhg Policy which is posted in the Church and on the webslte. with a Ilnk on the homt page. The policy was drawn up In at¢ordance wfth Diocesan guidelines to cover all vulnerablè members of St Peter's as well as those who Vislt. It Is revlewed annually. A PCC safeguarding Sub Committee meets every SSX months to en5uie the policy 15 VP to date and beinB applled approprlately and the Parish Safeguarding Officer monltors this on z contlnugus basls. The Safeguarding Officer from January to Au8USt 2023 was Maureen Klng and from September to December 2023, laTr Young. Hulth and Safety The PCC en5uresthat relevant health and safety at)d employment law requlrements are adhered to In all church buildln8s and by all church or8an15ations. The Church Mènager, Church Wardens, Vlcar and a church rnernber wlth 5peciflc professional experlence In health and safety in the workplace, meet regularly to develop and monitor fatilities and operatin8 prartices wlthln them. Slnce May 2017. It is a PCC Sub Committee so pro8ress toward best practlce15 reported directly to the PCC Oblertl¥es Ind Actlvlttes The objectlves and artivltles of St PetÈrfs Yateley are forthe beneflt of thè publ14 and the PCC has complied wlth the duty In Sectlon 4 of the CharfUes Art 2C4J6 to due re8ard to the Charlty Commi5s1on guidan￿ publishtd in this respect. The prlmary alm of the PCC Is the promotion of the Gospel of the Lord Jesus Chrlst accordlngto the doctrlne5 and practices of the Church of England. The PCC cooperates wlth the vlcar in promotSn8 In the parlsh, and wherever Ot has Influence, the whde mission of the Church. pastoral, evan8ellstlc. social and eturnenical (see PCC (Powers) Measure 19561. St Peterfs, Yateley seeks to offer a wlde range of worship $ervkes whlch are accesslble to all and places where rnembers of all ages can 8ather for corporate worship. On a typical Sunday, seNlces are offered at the followlng time5.. 9am 10.30•m 7pm Tradltlonal Worshlp Contempwary Wor5hlp Ihtornial Ev*nln£ Worshlp A mbdweek serylce 15 also provided at 11am on Wednesday momin8S. Whilst corporate worshlp Is an important focus for church Ilfe, the parish seek5 to unlte under Its common PUfP05e to serve the communlty of Yateley and live as aft expressiun of the falth It holds underthe Wision Statement for St Peter'5 to be a Church that is Rooted. Seekin8 and Reaching.. Rooted Word and Spirit, Seekin8 God in Prayer and Worship and Reachlng out In the Presence and love of Je5U5. Church life, mission and mlni5try, Is therefore not centfed around particular con8regations. but the Ilfe of 5t Peterfs as a communSty pursuln8 its calling to express the Kingdom of God here, now and always. Along wlth the objethes and alms stated above, fulfllllng the Vlslon Is laid out a5 the motlvation and 8uSdlng force for the actlvitles ol the Church, its groups and individuals leadln8 them.

par￿h141 Church Councll of St P•terfs Chur¢h, Yateley The PCC met io tirne5 during 2023. Sub Commlttees, Ineludlng the Standing Committee, met between these meetin85 and provided minutes. The PCC was chaired by either the Incumbent or Wardens. Personnel The cler8V team of St Petet's consi5t5 of the vicar, Rev Tirn Storey, who was Ilcensed as vI￿r Of Yateley on 16th July 2020, Rèv Sam Din5more and Rev Ranlan Emmanuel. both ordained on 3 Juty 2022. The community of 5t Peterfs seeks to embrzce all within the community of Yateley and, a$ Such, h35 bullt a diverse and varied ministry over many years. Employrnent in Discoveries and Café 46 relie$ on the generou5 support of volunteers who brlng a brezdth of experience and talent to the workforce. The mlnistry of the Church, whrch over5ee5 the busine$5es, also includes work across every age group and In every aspect of life. calling upon the time and energles of numerous dedicated people. The PCC would Ilke to thank all who make these thln85 posslble, whether ernployed or voluntary, whether seen or maklng things hapwn behlnd the scenes. We seek to ensure that every single person 15 valued and appreciated. The employment situatlon at the end of the year looked like th15 Iwith weekly hour5-40 If not statedl- Dlsco¥erl•s Charlty Shop Shop Manager.. Deputy Mana8ers'. Shop Assistant.. Mrs Sue Harkfjns Mr Marcu5 Boxall135 houtsl and Mrs aaire Baker120 hour51 Fsannah Brindley110 hours) Chris MacDonald110 hours) Evle Bourne14 houtsl. Ms Eva McLoughlin14 hoursl Lewis Carpenter14 hours) and M5 Lella-Rose Stokes17 hours) Saturday Asslstants- Café 46 Manager.. Deputy Marnager.. Cafe A5sistsnt'. Kitchen A5sistsnt.. Saturday Assistants.. Mrs Jen Tre¥ena Ms Malinda Gowen Mrs Jackie Chandler116 hours) Mr5 Julie Gibbins120 hour51 Mr5 Linda Chri5tou111.S hours), Ms Poppy 8ourne17 hour51, Mrs Lynne 51mmons12 hoursl, Sophle Heard17 hours) and Ellle Holton Coates 14 hours) Church Office The Church Office has become an efficient hub enablin8 Information to be recelved and dls$eminat¢d usln6 email, thè Churth web51te and social media. The PCC Treasurèrs In 2023 were Nick Norton (January to April) and Ruby Fearon (Aprll to December), who has dally monitored and mana8ed financial matters in a voluntary role, based in thè Office. The postbng of financlal data and processlng payments and recelpts was overseen by Office Manager. The Church's financlal affdrs have been properly arbd accurately looked after in 2023. 2023 Saw the e5tsb115hing, shaplng and reflnlrw of the new struttures developed in 2022. These sought to give the manager5 of the businesses greater èutonomy In the day to day running, under the delegated authorlty of the Business Board la PCC Su￿)MmIttee, with co-opted members). One aim of the restructuring was to separatÈ the finantial management reportln8 of the buslneses from the Church and th15 has largely been achieved. The restructurin8 of the Office, creating new and clèarly deflned roles for the staff. has atso taken shape.

The staffing strurture for Church administration at the end of 2023 was.. Offlce Manager 8uildlng and Facilities Manager Mrs Maureen Kin6135 hovrsl Flnancial Control.. Mrs Katle Urban115 hours) Communication & Adminlstration Asst Mrs Ruby Fearon Ivoluntaryl Facllltles Operative Mrs Naorni Brown115 hours) Mrstuart Harward12S hours) Thère afft many vduntsry leader5 and worker5 who 5U5tstn the work ofst Peterfs In Yateley and beyond. Thi5 work In¢lude5 mlnistry with children and In 5¢hools. youth work. Support for the elderlyj pastoral care for the 51ck and bereaved, debt a¢fvlce, counsellin& Café 46. Dlscoveries Charity Shop. and many others. In every aspect of church lffie and ministry. Sorne of thls work take5 place through assoclated mlnistrles. such as Cornerstone Covnselllng. Church Schools and Famllle$ Pastors The PCC Schools and Families Pastor, Glll Weeks (IS hours per weekl. has continued to work with the brief to encourage and develop Church ¥roups far chlFdren and lespeclallyl the relationships wlth local schools. schools work has grown $18nificantly wlth weekty assemblies lin¢ludlng"Optn the Book°1 in 51hools across Yateley, includin8 RE contrlbutions. church vlsits. involvement in Creation Care activlties. 'Blble +n a Day, artwitres at the Stsmmer Fayre and much more. In September 2023. St Peterfs appolnted Chloe Polllngton120 hours) to be a yO￿h Pastor, seekinq to en8a8e with the youth In the Church tommunity. as well as dvelop relatlonships with Yately School. Frult of thls Invertment in people wlll take time to develop but the relatlonshlps wlth 5choo15 saw a 518nSflcant (approximately doubllngl of the schoo15 U5in8 St Peterfs for Christmas Services. Vlslon and Str¥tegv St Peterfs Church is part of the Church af England Dlote5e of Wlnchester and is the Parlsh Churth of Yateley. As a flovrlshln8 Chr+stlan cornmunlty, we pursve the buildlng of God's Xlngdom that is.novf and herè a5 well as promotlng the promise and hope ot its fulfilment In the World to come. We passionately belleve that the Christian Falth, expressed in the Bible. is as vital and ￿levant today as it ever was and ever wlll be. TD8ether, we seek to grow In understandSn8 and è¥perience of God,. explore who we can become in relationshlp wlth God,. and live as a blessingto each other. other5 and all of God's world. We seek to know Jesu5 and make hlm kno and to Ilve lives that are Inspired. empowered and glfted by the Holy Spirf(. Qur Vision is for St Peterfs to be a Churth that is Rooted. Seekln8 Reachlng.. Rooted In Woril and Spirit Seeking God In Prayer and Worship Reachin8 out in the Presence ar¥d Love of Jesus 2023 wa5 a yezr when the contrastln8 styles and views of some (Main￿ thD5e who had forrnerfy attended the Centre in Yateley School) brou8ht about changes In St Peterfs. A number left Imalnly in the first half of 20231 and thls had consequences In the scale ènd nature of some ministry sn the Parlsh. The lètter part of the year braught 8reater stobillty and capacity to move forward. St Peterfs Pcctook out a very large loan In 2017 to complete buildlng works on Chèddisbrook Hou5È, creatlng the Dlsco¥erie$ Shop, Café 46, the Par15h Offltè. and Cornerstone Counsellin8 Suite. Thls requires approximatelv £SOk in Interest and capital repayments per annum. untll 2027. This ha5 a signifirant effect on the avallable monies for project5, both capltal expendlture and fundin8 mlssion In the Church. The PCC identlfSed the trend5 Sn

thè effects on reserves spedfically and estsbllshed a budget in 2024 w5th tighter controls on spendln8. A Commitment Sunday will be held in February 2024. The PCC aBTeed that since the establishment of the Wslon Ststement In December 2020, thè focus had larBely been on bein8 °Rooted" and "Seekin¢. A5 a result, the Ortober PCC meetin8 a8reed that 2024 should be des￿n3ttd"A Year of Reaching Out." A group of 9 people will be visrtlng Nebbl Olocese. our link in Uganda, in October 2024. The Vicar will be takln8 a Sabbati¢al in 2024, from rnld-Au8U5t to mld-November. Worshlp The nature of sunday Services was revlsed at the stsrt of 2022 to prtsvlde tlear dlvetslty In style but ton515tent doctrine and teachlng.

The 9.(KJam Congregational GTOUP grew under the leadership of Ranlan Emmanuel and 2023 saw contlntsed gr￿h In numbers and engagèment. with a dediuted monthly, Saturday event'more to Giv￿. The 10.30am Con8re8ation has seen many new faces alon8 wlth a few departures and the end of the year saw preparation for a new stylè In 2023. JanLtary 2023 Saw the e5tab115hment of a ministry. empower. which is an umbrella Trame fora number of parlsh events, Including Sunday evenln8 worshlp, mldweek Home Group teachlng and one-off event5. The aim of emPower is to encourage di5tsnctive db5cipleship. The ministry aimed for women. called"Called 2 Be", which began in 2022 ha5 grown. The questlon of 'streamlnl se￿Ces was revlewed and Itwas agreed that the pastoral benefits of Streaming 0￿￿e1&hed the minimal "c05V of doing 50. Children's Work continued In 2023 with some new families and helpers, Includlng a new8roup aimed at under 2,5 on a Sundav. Tht Church Communlty A 5econd.st Peterfs Church Weekend Away in Yatelev took place In June with a vlslting speaker, Rev Chris Oldroyd, from resource. This was more focused on teachin8 about the Holy spir￿ but involved over 100 people attendlng Home Group Events, Teachin& Cornmunlty Work, a and a Celebratlon Service. This was aided by a vi51ting children's workerlmaglcianlpuppeteer who was greatly appTeci3ted. A plan for Café Chaplaincy wa5 Set up and is now established. Concèrts and events Included a Quiz, Harvest Supper, and a concert by Stephanie Staple5. The Creation Care Grotsp achleved the'A Roch8 Bronze Award, and held several events Including hostlng an EcoFalf and worklng Closely wlth other 8roups In the area. Bulldln45 An appeal for fund5 to bulld a Toilet for those wlth Addltional Needs was be8un and by the end of 2023, approjtimately £40k of the £50k required had been achleved. with the promlse of grants to complete the fund4nB in the plpellne. It Is planned to tomplete the work In the Spring of 2024.

The PCC discussed the posslbllity of Installlng alr ¢ondltlonlng In the businesses, because of recent hot summer5 and the feasibillty of suth a project will be considered In 2024.

The PCC recogni5ed that the electrical supply into the Church buildin8 has sornetimes caused power outages and that a three-pha5e supply will be needed at some point In the future. Careful monitorlng enabled a declslon to continue with the current suppty untll such time as a revised supply is essential ratherthan desired. A Qulnquennial Inspection took place in Ortober whlch Trvealed that the Church buildln8 re4ulres relativety little attention. The PCC set aside funding for 3 proper evaluatlon of issues whlch may affert the Church tower and thi5 survey wlll take place In January 2024. Prlorilies The following are seen a5 prioritles for 2024.. l. To explorè worshlp for those wlth youn6 fam11￿5 who find 5tsndays challengin8. To bulld on Chlldren and Youth Ministries. To lrnprove our cornmunlcatlons 4. To go into the corrtrnunity in a year of Reachlng Oui. To provide preparatlon and trainin8 for evangelism. 6. To completè the project of providlng a Tollet for those with Additional Needs. Strat¥lc Prforhles The PCC ale committed to the follovln8 5trate8lc priorlties.. 11 To seek to bulld the Klnodom throuth the fuinimen¢ of the Vlslon Ststement, agreed by PCC in Novembèr 2020. as follows.. Our Vision is for St Peterfs to be a Church that Is Rooted, SÈektn8 and Reachlng.. + Rooted in Word and Splrit Seeklng God in Prayer and Worshlp • Reaching out In the Presence and Love of Jesus All that happens withln the Ilfe of St Peterfs, at every level and In every group should be accountsble to the Vision and answerable to It. kln th + All Staff and PCC decislons have been Subjected to the V151on as the mlnlmum stsndard a8ainst whleh all we do is measured. 21 To equlp people #s followers ot Chrlst. tsfflllknl thelr God-85¥en potentlat a5 they exercise their giftlng and callln8 wlth servant hearts. Th15 wlll be arhieved through teachin8 programrnes, Ilnked to Home Group5 and applyln8 las far as Is posslblel to all areas of Parlsh Ilfe, foundation and outreach courses and leadershlp tralnln& undergirded wrth a tlear pattern and structure of prayer. Theo Is In 2023 During 2023, St Peterf5 has.. * Established and based all declsions on the V15ion Statement. <• Followed teachln8 programs inclvdin8 a year long pro8ramme to work through the Blble from Gene515 to Revelatlon.

• Ensured that all Home Groups follow the same study pattern and notes. • Seen the liten5in8 of BCM candidates. 31 To become a Klngdom ¢ommunlty that has an Inter-related network of ielatlonshlps expresslng God's irresistible grace to people of all ages, whi15t intentionally see￿ng tg reach the youn8er 8enerations. The outworki of thb5 In 2023 2023 was a year which Saw some choppy waters in the communal life of St Peterfs woth several people choosing to leave. havlng sought to resist the movements forward In the Ille of the Church. The first half of the year wa5 dEeply un5ettlln& but the Second half Saw a 5ettlinB and re-establishin8 of relationships and mnfidence in the Vision. This ha5 tsken considerable fortrtude on the part ofthe Staff Team. 41 To understand and artlvely participate In the worldwide Chur¢h of God, lorally. nationally and intemationally, sharinE our resources. financial, sklll-based and Glft-based. Missional support will be agreed, based on IO% of all Parfsh 8lvln& Int1￿￿[n8 fees for ottaslonal offlees, not excludin8 Share. The revlsed tithln8 formula was applled in 2023 and M15slon Weekends are now happenin8 termly wth visitin8 speakers wherever possible from one of the four Partners'."Count Everyone In". 'Good News foy Everyone°,"Open Doors- and"Nebbi Dlocese Prolecf. A visit of 9 people from St Peters to our link in Uganda wlll tske place in October 2024. 51 To bulld a cl•ar, comprehenslve, and shared under5tandln8 of th¢ re1￿lonshIP between the Church and the I￿SIr¥e$se$ IDiscoveri25 and Café 461. Th• outworkl of thls In 2023 The work to e5t3bli5h this wa5 cornpleted in 2022 and 2023 saw the reviewing and development ofthe resultin8 structures. 8ulld1￿ Resources St Peter's continues to have limited meeting building resources and stora8e is often an issue. The refurbishment work in 2021 has enabled there to be a fresh respect for the buildin8 and wa5 accompanied by si8nificant altempt5 to ensure proper use of storage.
• An Sncrease In attlvltles means that there is le55 PQtential for bulldln8 Income 8eneratlon. Priority Is gNen to Parish based use of our resources. <• The QuiTrquennlal took place in October 2023 and identlfled areas for malntenance and rèpalr. These wlll be assessed, evaluated, and costed, and be completed wlthin the tlmescales lald down. The Future The lon8-term effect5 of the Pandemlc have contlnued to shape the life of St Peterfs. WhSlst 2023 was largely Covid-free and saw the return of several people to Sunday Churth, the structural effect5 on the life of the Parlsh came to a head in this yezr. The tlosln8 of the Centre and the amalgamatlon of the con8re8atlons brought confllct, sometimes between groups and sometimes wlth a leader5hlp that Sought to find a new. united, wav forward. Thè end of 2023 brought a sense that thi5 way forward has a clarity and stabilitywhich was not evident earller In the year, enabling a 5en5e of purpose, artlculated In the V15ion. Compared to many Churches, St Petees ha5 been blessed wlth the people, the staffing. the finan￿, the stru¢tures, Church buildings and a worshipping communitythat has Idesplte the friclSons mentlonedl emerged stronger to tsce the future. Having achSeved relatlve stablllty. St Peterfs Is now able to look forwards and build, and thlg Is especially focused on 2024 as the Year of Reachlng Out. It has been clearly tommunicated that io

relatlonships I%￿th God, with each other and wlth those we seek to reach for the Gospel) take time and care t nurture and, as a result. the underlyln8 eth05 of the Year of Reaching Out is the establishment of an on80in8 culture of expectation and development. Flnandally, St Peterfs continues to rely extessively on thè buslness profrt5 ratherthan congregational tr(hes to pay for the Church's mlnlstry. The loss of people In 2023 resulted In a loss of Intome, beln8 awarè that new member5 reqvire time and confidence beforè tommltt+n8 ffrnancially to the life and ministry of St Peterfs. A Cornmltment Sunday wlll be held in February 2024. The Communlty Hub Both Dlscoveries and Café 46 saw tumover grow In 2023, particularly in the Café. This succe55 h35 been down to the hard work and dedltatlon of the staff and volunteers. especially the two managers and the new structures established in 2022. Comer5tone Counselllng developèd In 2023 with new Trustees. benefjtting from bètter admlnlstratlon structUFes in ihe Parish oifice. Cornerstone contlnues to rent rooms in Chaddi5brook House. The ch￿￿h Communlty St Peterfs 15 a Chr15ttan Communlty whith Is seeklng to bulld a Klngdom in Yateley that Is attractive and ha5 Integrity. It Is sÈekin8 to be a place where people can primarlly dlstover a relatlOll5hip with the God who created them, the Saviourwho redeemed them and the Holy Spirlt who will empowerthem to lfvè Ilfe to the fijll. As è counter-cultural understandin8 of soctety, the way in which the community of Yateley land beyond) encounter the Church and Iwe pray) the God they worship ha5 changed and continues to change. The context in whlch the communlty change5 through Kenerztions and the contemporary secular age is cynlcal abo￿ those who hold a passionate vlew of a faith thai cannot Iby Its very nature) be ratlonali5ed. St Peterfs, therefore. Is seeklng to build on the foundatigns of those who have gone before and do so in an uncertaln world and fvture. The plrture In this report Seeks tts present a Church that has come throu8h a si8nificant perlod13 years) of dSfficult tlmes.. a pèndemlc. the enforced amalgarnatlon of two diverse group5 and some longstandlng issues requirlng attefttion. Whilst the healin8 process and the establlshment of new ways and striittures will take tirne, 2023 Saw a tornei being turned and a p051tive future coming into view. The cost of thi5 should not be underestlmated and the realistlc understandlng that St Peterfs starts 2024, smaller cornpared to the pas( financlally challenged, and facin¥ a world that is resistant to matters of faith. However. St Peterfs has a unlty of purpose and a Vision f¢xus whlch Is conslderably more understood and artlculated than at any tlme slnce the start of the Pandemic, and starts 2024 with Increased falth, hope and love. Approved by the PCC on Slgned on thelr behalf Rev TIM Storey IPCC Chairman) li

STAYEMENTOF RESPONSIBIUTIES OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL Underihe Church Accountlng Regulatlon$ 2tX)6 and the Charltles Act 2011, the Parochlal Church Councll IPCCI Is required to prepare flnanclal statements for each financlal year, whlch 8lve a tn￿ and falr vlew of the state of the flnanclal p051tion of the PCC at the end of the year, and of Its financlal activitie5 during the year (unless the PCC is entitled to prepare flnanclal statements on a payment and receipt basis). In preparing thost financial statements, the members of the PCC are required to.. select suitable accounting policies and then applythem con515teatly make jud¥ement5 and estimates that are reasonable and prudent slate whether applicable accouniing standards and Statements of recommended practice have been followed, subject to any departure5 disclosed and explained in the financlal statements. and prepare the accounts on the going concem basls unless It 15 inappropriate to presume that the PCC wlll torbtinue in operatlon The member5 of the PCC are responsible for keeping proper accountSn8 records, which di5c105e and ascertaln wlth re350nable 3ccuracy at any time the flnancial position of the PCC and to enable them to ensure that the financial staternents comply wlth the Church Accounting Regulations 20[￿ and The Charitles Art 2011. They arè also responsible for safeguzrdinB the a55ets of the PCC and hence for taking reasonable steps for the preventlun and detection for fraud and other irregularltie5. INDEPENDEPIT EXAMINER'S REPORTTOTHE PAROCHIAL CHURCH COUNCILOF ST PETER'S CHURCH. YATELEY FOR THE YEAR ENDED 31 DECEM8ER 2023 I report on the accounts of the assoclatlon for the year ÈndÈd 31 Decernber 2023, whlch are set out on pages 13 to 20. Respecll¥e resportslbllltles of tru51ee5 and exarnlner is the charrty'5 trustees you are responslble forthe preparation of the accounts. You con51der that the audlt requlrement of Sectlon 144121 of the Charities Act 2011 Ithe Artl does not apply. It Is my responslbS11ty to examlne the account5 under section 145 of the 2011 Act,. follow procedures speclffted in the General DirectSons ven by the Charlty Commlssionels under Sectlon 14515llbl of the Act and to state whether partIC￿lar matters have come to my attentlon. Ba$ls of Indtptndtnt Exon￿￿¢￿5 report My eKamlnation was carrled out In accordance wlth the General Dirertion5 given by the Charity Commissioner5. An examlnatlon Includes a review of the accounting records kept by the charity and a comparison of the aE£ounts presented wlth those records. It also SThcludes conslderatlon of any vnusual Items or disc105ures in the accounts. and seekin8 explanatlons from you as TnJ5tèe5 concernlng any such matters. The procedure5 undertaken do not prO￿de all the evidence that would be requlred In an audlt, and consequently I do not expres5 an audit opinion on the view given by the accounts. Independent Exarnlnee5 Statement In connertion with my examination, no matter has come to my attention.. which glves me reasonable Cause to believe that in any material respect the requirements to keep accounting record5 in accordance wlth sertSon 130 of the Act,. and to prepare accounts whlch actord wlth the account records ènd to Comply wlth the accountlng requlrements of the Act have not been met.. or to which. in my opinion, attention should be drawn in order to enable a proper understandlng of the auounts to be reached 11 28 Marth 2024 Paul ChaM￿rtaIn FCA. OChA Elm House. Tanshire Park, Shackleford Aoad Elstead, 6odalmln& Surr￿, GU8 6LB 12

PAftOCHFAL CHURCTr4 COLINCIL OF ST. PETEWS. YATELEY St•t•moht Df Flnancjlll Aellvlll•B forth• Jar •nd•d 31 D•c•mb•r 2023 Unmitffttsd R•stvl¢t•d Endowm•nt Fund¥ Funds Fund• Tolal 2023 2022 Notes In¢orn• and •rKlowm•nts from.. D￿at￿On$ 9nd18￿ch6 Othorvolvntery income Tmdlng athlies Church 8eti¥M6s COVl(k19 support lftcomt Irom Inv8slm•nts 21al 188.167 29,723 17.888 217.89] 17,858 337,811 11,518 222,TT8 18.053 21tl 21dl 4É1 21Q 337.811 11.518 12.146 5.825 1,408 2,407 311 2,778 ro 311 587.8&5 556.212 Tradln9 act1￿￿8$ Church acllv1ts¢8 Church rnanagement aTrJ admln 31al 31bl 254.122 208,017 97,025 254.122 217,810 100,175 228.371 238.138 87.geo 9,793 3,150 Totsl 12,913 572,107 N•t l•xp•nd1￿r•ylThtOM• b•for• •xe•Wknal Trt•m8 19.201 34,838 311 1S,748 T¥anslerbots4 fundg 16,502 116.5021 lot l•vpBndlturoVlneom4 b•for• IIivtstrn•nt g•ln¥ Nat gaIn￿o$￿e￿I rm Invasiments 311 978 978 11.3871 N•t movwn•nt In fund• 12,6991 18,136 1,289 16,726 2,356 frAal funds brougm ltywqrd 852,998 223,840 30.e08 1,107.246 1,104,WJO r¢JW funds Mrrt•d fonvard 850.299 241,776 31,897 1.123972 1 107.246 Nonè of the Pwoch41 Church actbvjties thrv aGgulrad or dk8thntlnu6d Ih? &bovefin8no441 perKd. TheR no ffjwnbed galns cf k>sse$ olhèr than the not M0￿ment offvnds ftr Ihe finartthl porhjds shm abow. The notes on pagtrs 15 10 20 fomi pgrt of Ih08é financlal st0thrn8nts. 13

PAROCNIAL CHURCH COUNCIL OF ST. PEfER'S. YATELEY Balan￿ sho•t as at 31 D•¢•m￿r 2023 2023 2022 Flxod ￿$￿ts T8ngib18 fixed as8ets Invostm8nts 1,147.788 12,333 1.180.121 1,175,947 11,354 1,187,301 Curr•nt a88•ts Stock Deblors Cash at bank and in hand 2.985 5.022 134,565 142.572 2.239 6,583 133,991 142,813 Crndllorn.. amLwJnts lalllng due wmhln ona year 74.915 N•t ¢urr•nt a•sg1• 66,876 67.898 Total a*￿t4 I￿% cur¥•nt IlabllSt108 1.226.996 1,256.199 ¢r•dttor8'. armunts falllrv4 dug 8ft8r one ygar 80,524 122.453 Prov15ion5 for liabMilip5 10 22,500 25,500 ,972 Fund• of th• Churrfv Und¢signated Des￿nated R8strlct8d End0￿ent eo,560 789.739 241,TT6 31,897 1,123.972 69,097 783,901 223,640 30,608 1.107,246 Th8 note$ ¢X paps 15 to 20 lom) part 01th￿¢ Ilnandal stslemonts. 19 March 2024 The flnanclal statements gn page& 13 lo 20 wgrg opwoved by Iho Parorhial Church Coun¢￿ on.. . Rev Storey PCC Chairman Ruby Ftraron Treasuter eafofl . 14

PAROCHIAL CHURCH COUMCIL OF ST. PEfER%. YATELEY Notos to thè flnanclal statsments the yw •nded 31 Dec•mbor 2013 1 a) Aeeountlng convendon Thè flnandal statgrnents have be&n prepared in a¢cordanco wtth the Church Accounting Regulations 21A16 togethèr with applicable ac¢ounting 818ndards and the Chariles Statem&nl of Recommended Practice, SORP 2015. The finand81 slatgrnents have proparod under thtr hlstoricol cost convention. except for Ihe vmluatson of investment assets al market value. b) Funds G8ner81 funds represent fijnds of lh8 PCC that ar8 not sub5oct to any restsictson regardlng Ihèlr use 8nd 4Tr avallable lor application on tho gonèral purpowts of the PCC. Funds deslgnated for 8P8dfl¢ purposgs by the PCC are also unrestsicled. Restficted lunds are thoge whlch are r¢ceived foi specific purpo$es and can only be used lor those purkx)ses. Endowmenl lunds rofieot funds donaled as long tam a8selg and th8 accumulalgd related In¢omo net of applicati￿$. cl Incom• Voluntary Inco￿ is racognisod vthen the monles are wgived. Incom8 lax18 recognlsed at the Sama Ilm8 as the a$8ouated covenant or Glft Ald donatbn. Income from sales and from fijnd ralslng evenl$ and 0￿r activlde5 15 accounted for gross. d) Con$•¢rat•d and benefi¢ed property Consecrated and b8n&ficed property15 excludgd from the accounts by S.10{21 of the Charfllgs Act 2011. No value is plac8d on movable chLtrch furnishings hald by th¥ church wardens. on special twst for the PCC and whth require a faculty for dIs￿saI. slnce the PCC considers this to be Inalienhble property. All expendlture incurr8d during the year on consè¢ral•d or benoficed bulldlngs and moveablè ¢hurch fumtshings, vthether il be malnlenance or improvement. is written off In th8 Statement of Flnanclgl Activrtlgs, except for the chairs purchased In 2003 and 2010 whlch were eapitallsed as Ilxed assets. •) Tanglbl• a¥•t8 •Trd d•preclatlon Deprtrclatlon is calculated lo write off the cost of tan￿ble fixed assets over thelr oxpected useful Nves using the following r8tes'. Fumiturg and equIp￿nI Freehold buildlng Freehold land is not deprgclated 25OA par annum on r8duclng balance basi$ Straight lin• basls ovèr 50 ye8rs fj Inv￿tmo￿ts Investments are vdued at market Value 88 at 31$t Decembgr. Any gain or b88 is tsken to the Stslement of Fin￿cIal Aclivttles on an unroallsed basls. g) Stocks Stocks are stated at th& lower of cost arKI nel r¢allsabl& value. h) Provlslons Provision is made 88 at 3181 December ftr the estlmated amovnt of ￿an1$ to be paid to rrissions and chorlties out of the In￿)me forthe yoar in aecordanca wlth thg pollcy of the PCC. 11 Penslons The company operdles a deflned contribution Schen￿ for th& bengfil of the omployees. cOntr￿￿tIonS are recognise(l in the proflt and loss a￿o￿nt when due. 15

PARoCH￿L CHURCH COUNCIL OF ST. PETEifs, YATELEY Not•1 to th• Iln•n¢lal $14tom•r for th•)•ar gnthd 31 D•c•mb•t 2023 Llnrfr•trlct•d Fuhdi R•8trlct•d Funds Endowm•nt TOTAL FUNDS 2022 2023 2 I￿0￿4 •nd gndowm4nts from.. (•) Donatlons arKI Ibg*¢b# Planned gI￿ng.. -C¢w8nonts 8nd glft atyj -Ino)m&1gx recoverablg -Olher planned giwThJ Cdlections 124,057 37,258 3.660 10,171 124,057 39,090 3,660 128,001 42.856 3.960 15,334 26.633 14,271 186.167 29.723 222,7 i oth•r voluntary In¢om• Other Gommunly (IinoUtkn$ 18.OS3 lel Tradlnq actlvltlos Shop B8189 of donBtad C&fé 48 109.845 167 9e6 337,811 169,845 1eT,966 337.811 155.411 140.593 296,0 {dl Chureh aalIv￿ ch￿￿h hBII kttirvd&, élc Feos Outreach and soclal 1,273 2.394 1,273 2,394 1,023 3,493 1.518 12.14 (•) COVID.l9 support Support Incclwd r8CO Incom• fvorn Invostrnents Dlvldgnd5 aNI Int￿t [￿￿ed 2.467 311 2,778 16

PAROCHIAL CHURCH COUNCIL OF ST. PETER%, YATELEY Notes to the Ilnanclal st#t8m•nts for tho yw gnd•d 31 O•e•rnbgr 2023 Unre8trlcted Funds R•8trlct8d Endownwnt Fund Fund TOTAL FUNDS 2023 2D22 3 Expgndlture on: (al Tradlno actlvltF•s Shop salarkns Shop wnnlng (x)5ts Ilncl repairs) Café 46 8XW15e8 Caté 46 salarfes 78,437 23.998 63,998 87,689 2S4.122 78.437 23,998 63,998 87.689 254,122 75.246 20.831 54,494 77.800 228,371 Ibl Chwth acllvltlo¥ Dlo¢esan parish 5har8 Church running Costs Fabric upkeep and maintenance Outreach and 60cI81 acUvltle$ YoLrth 8nd (yJmnwJnity minlstry Mission glvlng Independent ex8mineR5 fees Derrfeciat*on 113.132 24,088 10,238 10.370 113.132 24.068 10,238 15,253 119.541 20.157 19.685 17,076 4.883 21,499 3.e65 25,047 20 ,017 21,499 3.665 29.957 217,81 24,500 3,500 31.679 236.138 4,910 {e) Church man•g•m•nt and admln Salart0S Gèneral expenses Prof8$slonal fees 76,180 20.845 76.180 20.845 3,150 100,175 69,196 18.104 660 87,960 3.150 3,150 97.0 17

PAROCHIAL CHURCH COUNCIL OF ST. PETER'4 YATELEY Notss toth• ftnan¢lal stètsments for thi ond•d 31 D•¢gmbBr2023 4 GalMIlI￿¥•SI on Inv95tment• The rt r80U&ed 8Tr) unr08118ed galn6 In year lo￿led £978 g81n12022.. £1.387 k8s1. S Tylble Ilxed FM•I￿ld Land and 8ulldlngs F￿ltUr0 & Equlpm•nt Total Cost At 1 January 20fd Alklilions Di$posals At 31 December 2023 1,414.784 100,215 1,798 1.514.999 1,798 1.414 784 102,013 1,518.797 Dopreclatlon At 1 January 2023 Chargg for year Dlsposals At 31 D0¢8mb8r2023 284,886 21996 74,186 339.052 29,957 287,882 81.128 N•t book valu•& Al 31 Dec8mber2023 1,128,902 20,885 1.147 788 Al 31 C)ec8rnb8r 2022 1,149,898 28.049 1 175 947 The froehokl ￿nd and buildngs15 ¢omprfsed ol Chaddlsbrr)k Hou86, Reading Ro1 and Ihe annexed and acqulr8d In 1990. These ¥n sho1￿ al h15tsIcal cost and Indude Improv8ment$ ￿Ik$ undwtskgn In 2017. 6 Inv•5tm•nts The8* Gompris8 503.25 8h8r8s In the CBF Investrn•nl Fund and £f,726.4 2.5% c￿$011￿#t$d Fund$ Jt total tr4storicd c05t of £1.93012022.' £1.9301. 2Q23 1022 7 D•btors Arnounts fslllng duè wfthln one yoar. Inccrfne tax faCOV8rab18 Prepayrn¢nts and awued h)fX)me 0th8r debtors 473 1,196 4.932 3,661 CrodltOf• Amounts becorning du8 and Payab￿ wilhin onB year.. ArKNols and defeNed irKome Olher creditor5 Other loan$ 12.590 10,304 62.021 74,915 12,7C 53,953 75,696 18

PI.ROCHIAL CHURCH COUNCIL OF ST. PEfEws. YATELEY Not•s to tho fin4nclal statsmnts fty the yvr•ndgd 31 1)o¢•mbgr 2023 2023 2022 9 ¢1￿110r# du• In ov•r on• y•v knn$ 80,524 122,453 80.524 ,453 Inc4uttod In both crÉdifcn due In1888 IhHn aTrJ wer c￿0 star is a CDnc¥ssknary, r￿secured loan from WITKh8Ster DBF Trhthlch Is charg•d al a below market rote of interest. It ￿ r8p4y8ble In ellU￿ hslalmgnts over 10 yea￿. During the £8,692 12022.. £5,086) of loan intsrest was inryjrrad Hryj IN8 Is $ho¥n fftln Gen¢r81 expen9•S. 10 Provl¥lon ftr IlablJh1•8 ProvLsh)n for n￿￿10n and charfty payments Unr•strfct•d Fund• Und••lgn4t•d D•19n￿ad R•strl¢t•d Endowmon¢ Fund• Funds 11 Analy•h of fvndB Total Flxed a$50ts Current assets Ti>tal l&bililias 21,838 82,985 915.583 8,632 134A76 789,739 211.319 30,457 11,379 20.518 1,160,119 142.572 178.719 1,123,972 .560 241,776 31, Bd8nces brought ments in year 69,097 8.537 fj0,560 783.911 5,838 89,739 223.640 18,136 241.776 30,fA)8 1.107.246 16,726 1,123,972 31,897 R•¥trlchd fund¥ 4naly418 Bal•￿8 brought fv￿ard Tr•n•f8r D•pTo¢latlon b•tWO l Dl¥burs Funds Balancè ¢arrlod forw4vd ROC￿pts Fr88hokY Bulkllhll Ac¢esslL4p Nwls HanISh￿ Fund b Oon8fjon¥ Hovdl Legacy IHoTh AILThI B￿rI￿JerS Leg8¢y Youth W¢yk ECO Fun 216.229 14,9101 13,1501 12701 13,3131 11.3(Xll 26,633 1.562 19,386 211,319 22,￿3 2.548 16601 116,0731 1155 500 3,300 231 231 16.5tr2 223.640 12,943 0￿Igne18￿ lund& indudo.st Pel¢rfs L8nd' 8nd olher Jntl$ fty Ihe cp8rBlon of varluu8 ch￿h acllvlllo$."St Poterfs LaThJ' the fr08hotd18nd and bulldkng8 8nd surrAus MO￿88 rak88d for afterwuiBttbn, mllkntsn#nco gnd relat9d woiect costs- hoving 6xchJd8d costs to rrotch th& rest￿thd dona￿On5 fortha prr48cI r¢ceived kn prevwjus ￿Or5. Thè80 latt£r are $hown as a r8trictsd ofthe fixed assets. Th8 balÈhco of'st Poteffs Land" at 31 De¢ember 2023 was £791.60212022.. £772,307) whith con$bted of £10.495 hdd In bank eccounts and £915.583 co￿98p0nded to Ihe doproclated C06t of Ihe prytyl188S QUtStandkng thrnslcr8d￿QrS of£134,478 Fund6 as res¢rf¢Xod reprosentthe porlton ol th8 freehojd ￿lIding fvndod bY￿￿trtE1ed donthcffis. Thmughoutthg year. of E26.633 r8Eewod to fund the Acce88lL4J Nead$ Toilet woiect. of which £3,810 was spant.1gavlng a ainlng balance of £22,823 to bo uliU¥8d In the fvluro. The lotsl re5tiicted reserve to bo c￿d fI￿v￿d is £241,776120t2.. £223.6401. Endowm• fuTrJ$ thlude th8"ar0￿,8 Prtt8' (where th& 1￿C￿ne b to be usad to provRI8 youth Compe￿￿On ￿Ze¥l and Iho balanco of tho Gèaves fund Icgtsther vAlh acCuM￿led unspent Inc¢m. ondowmgnis were s<J In 2020 to ¥als8 fur¥Js t(r•MThJs Iho Lych gato re￿18, 810ty wtth hdfoftho GO8￿$ gndvmont. 19

PAROCHIAL CHURCH COUNCIL OF ST. PETER'S. YATELEY Not•s to th flnanclal stat•m•nts for th ygar endgd 31 D￿•rnbW 2023 12 MIBsloTr and grnnts Gfants durfng the year In¢￿￿ed Ihe foll￿1n9 payments of£1,￿0 or ¢)v8r. of which related to previous ygars.. A Rocha Church of Uganda Nebbi Cornerstone Count Ev8ryone In DEC Earthquake èppeal-Turkey1S￿a Good New3 For Everyone Harrys Hydrocgphal Hart Foodbank Open Doors R Ernmanuel - MLssloTr payrn8nt to CTS Th8 Hop8 Hub- May 2023 Yatelèy sv￿Mming Club for Di¥abled 1.cllo 4.(X)O 1.000 2.000 1,523 4.000 2.000 1.500 4,000 1.000 2.000 1.000 13 Transactlons wlth members. •t&ff and connoctèd person¥ During the year there wefe ￿ average of 22 ernployees12022- 181. Thè $8L4rt eosts in notes 3141, 3lbl and 3lc} include lotd sctwl 8e¢wity costs of£6.45412022'. £4,627). Nort8 r•a8fv8d mor8 than £60,000. The wbllc Ilablllty Insuranco, kn ¢Ircumstan￿$ thore th8 Incumbent ¢hurclwrd8ns and PCC are I￿ure¢l. extends Io FXfSonal liability of iThJivldu81 m8mbars of PCC ond its employees. 14 Flnantlal eommltmènts St Pet&r's is committed to ensurrng that the bulldlngs we lully compliant wth all health and safety requlremenis and rit for the diveyse purposes that lrfe in the Church Community present. Durfng 2022 the PCC committed ¢0 a ryoject ￿rned al the provislon of a Tollet for Ihosp Add￿O￿al Neads 8nd Commissioned an archilecl lo draw up plans for thi5, th a provisional location al the bock ol th8 Chu￿h, addlng fhe requir8rnenl for 8 lobby 8re8 insid8 the 8￿8thng doubl8 doors. Ouring 2023 Ih8se plan5 I￿r& revi5•d lo ccmvort an exi3tin9 $tOTage 8pa¢e and providè 8 lobby area within the church 8né lundraising lor this project began. By the end ofth& ￿Or suffident d￿atIOnS and pl8¢lges hod beon r•celv6d to Com￿￿te thls WO￿ durtng 2024. Thg PCC has restrlctod Income dedlcated for the wrpose of r8palrfThJ the Lyth Gal8 on the path at the gast ond of Sl P&te¢s though no firm dale for the woth lo commence is agreed. A Qulnquennial Inspection of St Pgter'3 took tA8¢e in 2023 end idQntif￿d no ¥IgnIfi￿nt it8ms of oxp•ndMure but the repalrs thatwill be und8rt8k8n ￿11 raqulre up to £5,￿0 of &xp8ndlturn. 15 P•nslon comrnl¢ments The Church opgrate8 a defin￿ eontrlbutlon sth8nw for It9 eM￿oYees. The am￿nt Outstand1r￿ at the pnd ofth¢ ye8r relating to 8mployer p8nslon contrfbutlons was £3,06512022.' £2,779). 16 TYansf•rs botr•M•n fund8 P¥rtodi¢ transfers are made from thè Rastskt•d Fund to tho G•neral Fund to refiect payThents m*Je In resp8Ct of the bullding proiecL 20