Reglstered charity number 1132035 St Peterfs Church, Yateley Annual Reports and Accounts Of the Parochial Church Council Year Ended 31st December 2024 Contents Page Reference and administrative information Annual report 4-13 Statement of responsibllities of members of the PCC 14 Independent examinerfs report 14 Statement of financial activities 15 Balance sheet 16 Notes to the financial statements 17-22
PAROCHIAL CHURCH COUNCIL OF ST PETER'S CHURCH, YATELEY REFERENCE AND ADMINISTRATIVE INFORMATION St Peterfs is the Parish Church of Yateley, in the Diocese of Winchester within the Church of England. Correspondence and administrative address.. St Peter's Parish Office, Chaddlsbrook House, 101, Reading Road, Yateley. GU46 7LR. PCC Membership January- April 2024 Churchwardens Linda Hoskins lan Hutchinson (Vice Chairmanl PCC Members Sarah Cullen lan Hayes John Moloney Lyn O'mahony Trevor Aylen Mich3el Duncalfe Sylvie Collins Michael Head Ruby Fearon Carol Salli5 Richard Page Rebekkah Cole Non-votlng Attendlng Maureen King Gill Weeks Chloe Pollin8ton Deanery Synod Henryk Urban Steve Klng Stuart Bailev Janet Young PCC Chair Ivlcarl Ex-offlclo Rev Tim Storev Rev Sam Dinsmore, Rev Ranjan Emmanuel Janet Young Ruby Fearon PCC Secretary Treasurer PCC Membershlp April- December Z024 Churchwardens Linda Hosklns lan Hutchinson (Vice Cha irmanl PCC Members Rebekkah Cole Sylvle Collln5 Michael Duncalfe Katherine Dudlev Ibi Fearon Joyce Fisher Fiona Gray lan Hayes Michael Head Richard Page Sarah Quarterman Carol Salli5 Non-voting Attendln8 Maureen King Gill Weeks Chloe Pollington Deanery Synod John Moloney Steve King Chris Cole Janet Young PCC Chalr (Vicar) Ex-officio Rev Tim Storey Rev Sam Dinsmore (until July 20241. Rev Ranjan Emmanuel Rev Fran Harrison (From July 20241
PCC Secretary Treasurer Carol Sallis Sarah Quarterman Sub Commlttees and Chalrs Fabric lan Hutchln50n Chri5 Lintott Ranjan Emmanuel Richard Quarterman Carol Sallis Flnan¢e Mlsslon Business Board HR Ucensed Lay Mlnlsters lan Hayes Peter Ridley Richard Page Advlsors Bankers Lloyds Bank, 18 Prince of Wales Walk, Camberley, GU15 3SJ Natwest, 45 Park Street, Camberley, GUIS 3PA Independent Examlners Rock Tax and Accountants, Elm House, Tanshire Park. Shackleford Road, Elstead, Godalmln8, Surrey, GU8 6LB
PAROCHIAL CHURCH COUNCIL OF ST PETER'S CHURCH, YATELEY Annual Report For the Year Ended 31 De¢ember 2024 The Parochial Church Council IPCCI of St Peterfs, Yateley, presents its annual report for the year ended 31 December 2024, together with the accounts for the year. The accounts have been prepared in accordance with the requirements of the Charities Act 1993, the Statement of Recommended Practice "Accounting and Reporting for Charities" ISORP 20051 issued by the Charity Commission, the Charities (Account5 and Reports) Regulations 2005 and the Church Accounting Regulations 2006. Strutture, Govemance And Management The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. It is re8iStered with the Charities Commission as a Charity, in accordance with the Charities Act 2006. The PCC has no related tru5t5 or charities. PCC appointments are made by election at the APCM. The process of appointment is set out by the Church Representation Rules. The Churchwardens are ex-officio members of the PCC and are elected at the Annual Parish Meetin8. The PCC member5 hold responsibilities including health and safety, di5crimlnatlon legislation, child protection and other legal obligations. Members are introduced to thelr re5ponsibilitie5 at the first meeting of the PCC following the Annual Meeting. The PCC constitution includes the embodiment of a Standing Committee, whose responsibilities are to exercise any necessary PCC business between meetings. The Standing Committee constituted membership is.. Vicar.. Churchwardens,. Treasurer, Secretary plus one elected member of the PCC. The terms of all PCC Sub Committees are reviewed {as necessary) and agreed, and their membership is appointed annually by election at the first meeting of the PCC following the Annual Meeting. Financial Revlew and Reserves Policy In 2024 the Church made a loss of £7,093 on 8eneral funds, as compared wlth a loss before exceptional items of £19,201 in 2023, St Peter'5 runs two community businesses, the Discoveries charity shop and Café 46, Both contlnue to be valuable resources for use by the community and contrlbute slgniflcantly to Church funds. Turnover at Café 46 increased to £178,72312023.. £167,966) whilst at Dlscoveries turnover including gift aid was £172,27212023: £175,621). As a result of increasing tosts, contribution towards church funds (after costs and loan repayments) dropped to £30,1381£40,780 in 20231. Funds raised by the businesses help to repay loans taken out in connection with the exten51on and refurbishment works. These loans totalled £88,62412023.. £134,476} at the year-end, including a £10,000 loan from a member of the congregation I£IO,000 in 20231. St Peter's policy is to hold an amount equal to up to 3 months operational costs in reserve, depending on the nature of those costs. The position is monitored closely on a regular basis.
Risk Management The PCC recognises its responsibility for managing risk and ensuring best practice and conformity to legal obligations in all areas of church life, including.. physical risks to the health and safety of employees, volunteers and users- financial ri5k5 through commercial activity; the dilapidation of buildings,. personnel issues including the loss of people with key 5kills,' and the safeguarding of children and other vijlnerable people. The PCC has specific policies relating to these areas that are reviewed annually. A Financial Risk Register has been formed and is reviewed annually. Risks are always considered as part of the decision-making process according to their relevance, and measures are taken to mitigate risks through monitoring, training and regular review. The Qulnquennial took place in October 2023 and identified areas for maintena nce and repair including attention on the tower, The Fabric Committee has taken a lead in addressing this. Safeguarding 5t Peter's has a Safeguarding Policy which is posted in the Church and on the website, with a link on the home page. The policy was drawn up in accordance with Diocesan guidelines to cover all vu Inerable members of St Peter's as well 35 those who visit on behalf of the Church. It is reviewed annually. The Safegua rding Officer, lan Young, the Incurnbent and Office Manager meet every six months to ensure the policy is UP to date and being applied appropriately, replacing a PCC Sub-committee which used to cover this. Objectives and Activities The objectives and activities of St Peter's Yateley are for the benefit of the public, and the PCC has complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commi55ion guidance published in this respect. The primary alm of the PCC is the promotion of the Gospel of the Lord jesus Christ according to the doctrines and practices of the Church of England. The PCC cooperates with the vicar i n promoting in the parish, and wherever it has influence, the whole mission of the church, pastoral, evangelistic, social and ecumenical (see PCC IPowersl Measure 19561. St Peter's, Yateley seeks to offer a wide range of worship Services which are accessible to all and places where members of all ages can gather for corporate worship. On a typical Sunday, services are offered at the following times,. 9am Traditional Worshlp 10.30am Contemporaryworship 7pm Informal Evening Worshlp A midweek service is also provided at 11am on Wednesday mornlngs. Whilst corporate worship is an important focu5 for church life, the parish 5eek5 to unite under its common purpose to serve the community of Yateley and live as an expression of the faith it holds under the Vision Statement for St Peter'5 to be a Church that is Rooted, Seeking and Reaching.. Rooted in Word and Spirit, Seeking God in Prayer and Worship and Reaching out in the Presence and Love of Jesu5. Church life, mission and ministry. is therefore not centred around particular con8regations, but the life of St Peter's as a community pursuing its calling to expre55 the Kingdom of God here, now and always.
Along with the objectives and aims stated above, fulfilling the Vision is laid out a5 the motivation and guiding force for the activities of the Church, its groups and individuals leading them. PAROCHIAL CHURCH COUNCIL OF ST PETER'S CHURCH, YATELEY The PCC met 10 time5 during 2024, chaired by either the Incumbent or Wardens. In the absence of the Incumbent, on Sabbatical in the autumn of 2024, John Moloney, Oeputy Warden, chaired rneetings. Sub Committees, including the Standing Committee. met between these meeting5 and provided minutes for approval by the PCC. These included the follwing..
Finance Committee Business Board Creation Care Group Fabric Commlttee HR Committee Mission Committee 9.00am Congregational Group 10.30am Congregatlonal Group Pollcles relating to each of these areas were reviewed as required. Personnel The clergy team of St Peter's conslsts of the vicar, Rev Tim Storey, who was Ilcen5ed as Vicar of Yateley, Rev Ranjan Emmanuel and Rev Fran Harrison. Tim Storey took a Sabbatical from August to November 2024 and the 3 month period pa55ed with minimal disruption thank5 to an established team in both ministry and administration, The employment situation at the end of the year looked like this (with weekly hours - 40 If not statedl: Dlscoveries Charlty Shop Shop Manager.. Deputy Managers: Sale5 A5515tant'. Saturday A551Stants,' Sue Harkins Marcus Boxall135 hours) and Clalre 8aker120 hours) Hannah Brindley115 hours) Eva McLoughlin14 hours), Evelyn Bourne14 hours) and Leila-Rose Stokes17 hours) Café 46 Mana8er.' Deputy Manager.. Cafe Assistant: Kitchen Assistant.. Cafe Assistant.. Jen Trevena Malinda Gowen Jackie Chandler18 hour51 Julie Gibbins120 hours) Linda Christou111.5 hours) Lynne Simmons12 hours). Ellie Holton-Coates16 hours) and Millie Christou17 hours) Saturday Assistants-
Church Administration Office Manager Financial Control Communication & Administration Asst- Administration Asst Maureen King135 hoursl Sarah Quartermèft Ivoluntaryl Naomi Brown110 hours) Stephanie Coleman18 hours) Stuart Harward125 hours) Facilities Operative Non-cler8y Staff Schools and Families Pastor Youth Pastor Gill Weeks115 hours) Chloe Pollington120 hours) Church Office The Church Office 15 the communication and administrative hub for Church activity, allowing for face to face a5 well a5 email and Social media interaction. With a staff of three employed and numerou5 volunteers it is dedicated to ensuring efficient support for all activitie5, both in the Church and businesses. The PCC Treasurers in 2024 were Ruby Fearon (January to April) and Sarah Quarterman (April to Decemberl, who have monitored and managed financial matters in a voluntary role. The posting of financial data and processing payments and receipts were overseen by the Office Manager. The Church'5 financial affairs have been properly and accurately looked after in 2024. The Community Hub The community of St Peter's seeks to embrace all within the community of Yateley and, as such, has built diverse and varied mlnlstry over many years. Both Discoveries and Café 46 continued to be sucessful businesses as well as contributing to the ministry in the community by the Church. Thi5 succe55 ha5 been down to the hard work and dedication of the staff, but also due to the generous 5UPPOrt of volunteers who bring a breadth of experience and talent to the workforce. Cornerstone Counsellin& a charSty that separated from St Peter's in 2022, offers counselling services to the community. It continues to rent rooms in Chaddisbrook House and receive admlnistratlon and aceountancv support from the Parish Office Schools and Famllies and Youth work The PCC Schoo15 and Families Pastor has continued to work with the brief to encourage and develop Church groups for children and lespeciallyl the relationship5 Wlth local schools. Schoo15 work has grown significantly with weekly assemblies (including 'Open the Book") in schools across Yateley, including RE contributions, church visits, involvement in Creation Care activities, 'Bible in a Day, activities at the Summer Fayre and much more. The PCC Youth Pastor has developed work with young people, in St Peterfs and in the community. The work includes contributions (assemblies and other) at Yateley School, Sunday work with Church young people and growing community input, principally through the establishing in April 2024 of a Youth Café in Café 46. This has attracted a growing number of young people. with plans for significant expansion in 2025. Fruit of this investment in people will take time to develop but the relationships with schools saw a significant growth in the number of the Schools using St Peterfs for Christmas Services.
Church Mlnistry In the community The ministry of the Church, which oversees the businesses. also include5 work across every age group and in every aspect of life, calling upon the time and energies of numerous dedicated people. There are many voluntary leaders and workers who sustain the work of St Peter's in Yateley and beyond. This work includes minlstry with children and in schools, youth work, support for the elderly, pastoral care for the sick and bereaved, debt advice, coun5elling, Café 46, Discoveries Charity shop. and many others, In every aspect of church life and ministry. The PCC would like to thank all who make these thing5 P055ible. whether employed or voluntary, whether seen or making things happen behind the scenes. We seek to ensure that every single person is valued and appreciated.
Vision and Strategy St Peter's Church is part of the Church of England Diocese of Winchester and is the Parish Church of Yateley. As a flourishing Christian community, we pursue the building of God's Kingdom that is "now" and here as well as promoting the promise and hope of its fulfilment in the World to come. We passionately believe that the Christian Faith, expressed in the Bible, is as vit31 and relevant today as it ever was and ever will be. Together. we seek to grow in understanding and experience of God,. explore who we can become in relationship with God,. and live as a blessing to each other. others and all of God's world. We seek to know Jesus and make him known and to live lives that are inspired, empowered and Gifted by the Holy spirit. Our Vision is for St Peter's to be a Church that is Rooted, Seeking and Reaching- Rooted in Word and Spirit Seeking God in Prayer and Worship Reaching out in the Presence and Love of le5US 2024 was a year when three significant factors brought a degree of stability to St Peter's after several years of difficulty:
The effects of Covid diminlshed slgnlfi¢antly. These included those who had continued to self-lsolate after the pandemic but returned, and those who had chosen to reduce their contribution5 to Church life lin all ways) but began to reinvest. The effects of the closure of the Centre. The congregation I"The Centre"), who had met at Yateley School prlor to the pandemic, were forced to choose where they wished to worship in the light of it being closed during the pandemic and then not reopening afterwards. A gradually reducing number stayed at St Peter's for a while but, in 2024, the last of those perceived to be part of the group left to worship elsewhere, bringing an end to the uncertainty that surrounded their continued presence. St Peter's saw encouraging and contlnued growth, both in those moving into St Peter's from other Churches and those exploring faith. This was especlally seen over the Christmas period. 5t Peter's PCC took out a loan In 2017 in order to complete building works on Chaddisbrook House, creating the Discoverles Shop, Cafe 46, the Parish Office and Cornerstone Counselling Suite. This requires approximately £50k in interest and capital repayments per annum, until Au8USt 2026. This has a significant effect on the available monies for projects, both capital expenditure and funding mission in the Church. The PCC continued to identify the trends in the effects on reserves and impose tighter contro15 on spending. It is recognised that until the loan is fully paid, a stringent approach to budgeting is required. A Commitment Sunday will be held in March 2025. A project was launched at the end of 2023 for the bulding of a much-needed toilet for those with additional needs. Thanks to grants from Hart District Council and others lincluding the Listed Places of Worship grant scheme, covering part of the VAT for the worksl, the £60k cost of the project was not only fully funded but allowed for the progressing of a secondary project to replace the West Doors with greater user capacity for those with additional needs, expected to be completed in the summer of 2025. The PCC agreed that since the establishment of the Vision Statement in December 2020, the focus had largely been on being "Rooted" and "Seeking" As a result, the October PCC meeting agreed that 2024 should be designated "A Year of Reaching Out." This saw a significant number of event5 including ¢oncerts, Home Group invitation event5. a BBQ at Cranford Park School and a large Harvest Community event- all of which, it is believed, contributed to the growth in number5 at christmas and other times. 2025 has been similar designated as the Year of Living The Kingdom, seeking to build on the success of 2024,5 theme.
A group of 9 people visited Nebbi Diocese. our link in Uganda, in October 2024 and established considerable links, which were seen in the success of a Christmas appeal to raise money for a broken pump at the Diocesan medical centre. It is evident that this is a relationship that will grow in the future. Worshlp The 9.00am Congregational Group has grown under the leadership of Ranjan Emmanuel and 2024 saw continued growth in numbers and engagement, with a dedicated monthly, Saturday event "More to Give"
The 10.30am Congregation saw continued development in the use of different styles of worship and has seen many new faces in 2024. The Sunday evening, informal worship, emPower, saw struggles to establish a regular style and took a pause with the absence of Tim Storey, but is retarting in January 2025. The ministry aimed for women,"Called 2 Be", which began In 2022 has grown. The question of Streaming Services was reviewed again and it was agreed that the pastoral benefits of streaming outwei8hed the minimal "cost" of doing so Children's Work continued in 2024 with some new famllles and helpers. The Church in the Communlty Branding refresh of Discoveries, Including spon50rship of inclusive teams at Yateley Football Club Support for the Youth Café and Yateley Swimming Club through the bu5ine55 mission giving The Café Chaplaincy was set up and is now established. Concerts and events included a Quiz. concerts by Stephanie Staples and Dogs Without Collars and numerous outreach events, The Creation Care Group worked with other group5 to put on an EcoFair and continued to seek green policies to be at the forefront of the PCC work. Bulldings The appeal for funds to build a Tollet for those with Additional Needs was completed, wlth the work undertaken in June 2024. Air conditioning was Installed in the businesses in Spring 2024. An ener8y efficiency survey was completed and a grant achieved for £26,000, whlch will enable the installation of solar panels on Chaddisbrook House. The PCC recognised that the electrical supply into the Church building has sometimes caused power outages and that a three phase supply will be needed at some point in the future. Careful monitoring enabled a decision to continue with the current supply until such time as a revised Supply is e55ential rather than desired. Work was undertaken to address issues identified in the Quinquennial Inspection of 2023. The PCC commi55ioned a survey of the bell tower, seeking to definitively determine the state of it, particularlv addressing the potential for further degregation caused by ongoing ringing of the Church bells. It was established that there was no immediate threat but that reducuing the frequency of the use of the bells would help delay any work that might eventually be required. A5 a result, bell ringing has now been io
restricted to the St Peter's ringers, on Sundays, occasional offices and special occasions, with the agreement of the Vicar and Wardens. Prlorlties The following are seen as priorities for 2025 l. To build on the "Reaching Out" theme of 2024 with "Living the Kingdom" as the underlying theme of 2025. To develop community engagement with events such as the BBQ and Harvest Outreach, in addition to vouth and children events. To review and relaunch Home Groups. To establish a group for those in the 20-40 age group in order to build relationships. 5. To improve our communications with a new website. Further build relationships with Nebbi and other Mission Partners. 7. To replace the West Door5. 8. To refurblsh the Ladles Tollets. Strategic Prlorltles The PCC are commltted to the following strategSc prioritles: 11 To seek to build the Kingdom through the fulfilment of the Vision Statement, a8reed by PCC in November 2020, as follow5: Our Vision is for St Peterfs to be a Church that is Rooted, Seeking and Reaching,. + Rooted in Word and Spirlt *• Seeking God in Prayer and Worship •% Reaching out in the Presence and Love of Jesus All that happens within the life of St Peter's, at every level and in every group should be accountable to the Vision and answerable to it. The outworkin of thls In 2024 All Staff and pcc decisions have been sublected to the Vlslon as the minimum standard against whlch all we do Is measured. 21 To equip people as followers of Christ, fulfillin8 their God-siven potential as they exercise their 8iftin8 and calling wlth servant hearts. Thls will be achieved through teaching programmes, linked to Home Groups and applying las far as is possible) to all areas of Parish life, foundation and outreach courses nd leadership trainin& undergirded with a clear pattern and structure of prayer. The outworkln of this In 2024 During 2024, St Peter's has.. Established and based all decisions on the Vision Statement. Followed teaching programmes, concluding a year long programme to work through the Bible from Genesi5 to Revelation and an autumn series on prayer. Ensured that all Home Groups follow the same study pattern and notes. Seen the licensing of a new Lay Minister, Richard Page. li
31 To become a Klngdom community that has an inter-related network of relationships expressing God's irresistible grace to people of all ages, whilst intentionally seeking to reach the younger generations. The outworkin of this in 2024 •• 2024, a5 part of the Reachin8 Out theme, required greater mutual engagement and saw new relationships and partnerships developed. The development of Youth Work, with the establishment of teams to assist the Youth Pastor. 41 To understand and actlvely partlclpate in the worldwlde Church of God, locally, nationally and internationally, sharing our resources, financial, skill-based and Gift-based. Missional support will be agreed, based on IO% of all Parish giving, including fees for occasional offices, not excluding Share. The outworkln of thls In 2024 The revised tithing formula from 2023 was applied In 2024 with the same Mission Partners.. "Count Everyone In" "Good News for Everyone", 'Open Doors. and 'Nebbi Diocese" s+ A visit of 9 people from St Peters to our link in Uganda took place in October 2024. 51 To build a elear, eomprehenslve and shared understandlng of the relationship between the Church and the businesse5 IDiscoveries and Café 461. The outworkln of this in 2024 5 2024 saw continuing development of this relationship, with the Business Board playing an Increasingly important role and with a corresponding growth in the autonomy of the Business Managers. The change in Parish Treasurer has revealed areas where financial reporting needs attention, in order to present a clearer picture. The Future As has been noted elsewhere, 2024 Saw St Peterf5 see a calmer period after a few years of dlfflculty. The greater stability, along with a more confident and capable staff team and new growth in numbers, ha5 enabled the Church to look more positively to the future. Compared to many other Churches, 5t Peterfs has emerged from a turbulent period blessed with the people, the staffing, the finance, the structures, Church buildings and a worshipping communlty that enable it to face the future with confidence. Financially, St Peter's continues to rely excessively on the business profits rather than congregational tithes in order to pay for the Church's ministry and whi15t there wlll be teaching and encouragement to engage in regular giving in March 2025, the chal lenge5 will remain, even when the end of the loan period arrive5. People are giving more of their time, energy and Eifts, and this clearly offers a greater capacity for future growth, but, by the very nature of a Church being constructed of volunteers, nothing can be seen as a "given" It is hoped that growth will be seen in 2025 that will enable a greater capacity for work in the community, thus encouraging more growth in the longer term. The Church Communlty St Peter's 15 a Christian Community which is seeking to build a Kingdom in Yateley that 15 attractive and has integrity. It 15 seeking to be a place where people can primarily discover a relationship with the God who created them, the Saviour who redeemed them and the Holy Spirit who will empower them to live life to the full. As counter-cultural understanding of society, the way in which the community of Yateley land beyond) encounter 12
the Church and (we pray) the God they worship has changed and continue5 to change. The context in which the community changes through generations and the contemporary secular age is cynical about those who hold a passionate view of a faith that cannot Iby its very nature) be rationalised. St Peter's, therefore, is seeking to build on the foundations of those who have gone before and do so in an uncertain world and future. The picture in thi5 report seeks to present a Church that has come through a significant period of change with the pandemic and the consequential disruption in all areas of church life but, in 2024, emerged into a new, positive, healthy a nd positive outlook. The Year of Outreach could not have happened prior to this (under the leadership of the current incumbent) but was a "success" in many ways, leading to renewed and expanded drive for the Year of Living the Kingdom in 2025. St Peter's starts 2025, still smaller compared to the past, continuing to be financially challenged, and facing a world that is resistant to matters of faith. However, St Peter's has lagainl a unlty of purpose and a Vision focus whlch is considerably more understood and articulated than in recent years Starting 2025 with increased falth, hope and love. Approved by the PCC on Signed on their behalf Rev Tim Storey IPCC Chairman) 13
STATEMENT OF RESPONSIBILITIES OF THE MEMBERS OFTHE PAROCHIAL CHURCH COUNCIL Under the Church Accounting Regulations 2006 and the Charities Act 2011, the Parochial Church Council IPCCI is required to prepare financial statements for each financial year, which give a true and fair view of the state of the financial posltion of the PCC at the end of the year, and of its financial activities during the year lunless the PCC is entitled to prepare financial statements on a payment and receipt basis). In preparing those financial statements, the members of the PCC are required to: select suitable accounting policies and then apply them consistentlv make judgements and estimates that are reasonable and prudent 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 accounts on the 8oing concern basis unless it is inappropriate to presume that the PCC will continue in operation The members of the PCC are responsible for keeping proper accounting records, whlch disclose and ascertain with reasonable accuracy at any time the financial position of the PCC and to enable them to ensure that the financlal statements comply with the Church Accounting Regulations 2006 and The Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for takin8 reasonable steps for the prevention and detection for fraud and other irregularlties. INDEPENDENT EXAMINER'S REPORTTO THE PAROCHIAL CHURCH COUNCIL OF ST PETER'S CHURCH, YATELEY FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the account5 of the a550ciation for the year ended 31 December 2024, which are set out on pages 15 to 22. Respective responslbilitles of trustees and examlner A5 the charity's trustees you are responsible for the preparation of the accounts. You consider that the audit requirement of Section 144121 of the Charities Act 2011 Ithe Act) does not apply. It is my responsibility to examine the accounts under section 145 of the 2011 Act; follow procedures specified in the General Directions given by the Charity Commissioners under Section 14515llbl of the Act and to state whether particular matters have come to my attention. Basis of Independent Examlner's report My examination was carried out in accordance with the General Directions glven by the Charity Commissioners. An examination include5 a review of the accounting records kept by the charity and a compa rison 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 matter5. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examlnerfs statement In connection with my examination, no matter has come to my attention: 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 Act,. and to prepa re accounts which accord with the account records and to comply with the accountin8 requirements of the Act have not been met,. or to which, in my opinion. attention Should be drawn in order to enable a proper understanding of the accounts to be reached Chris Lowry FCA Elm House, Tanshire Park, 5hackleford Road Elstead, Godalming, Surrey, GU8 6LB 14
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S. YATELEY statement of Financial Actlvities for the yèar gndèd 31 December 2024 Unr*stricted Restricted Endowment Funds Funds Funds Total Funds 2024 2023 Noles Income and endowments from: tk>nations and18gacSes Other voluniary incgmg Trading aclivilies Church aclivilie5 Ineomg from Invgstmgnls 2(al 21bl 21cl 21dl 2111 188.171 41,325 20,597 229.4 20,597 344,884 16,856 2,167 217.890 17.858 337.811 11,518 2,778 344,884 15,484 1.892 1,372 275 Total 550.431 63,294 275 614,000 587,855 Expèndlture on: Trading aclivities Church aclivikn'es Church managgmonl and admSn 31al 31bl 31cl 270,040 179.237 108.247 270,040 246,105 109,173 254.122 217,810 100.175 66,384 632 294 Total 557,524 67,016 778 625.318 572,107 N•t {8xpondlturèllSncom8 b•for6 •xeoptlonal Items and trnnsfèr¥ 17.0931 13,7221 503 11.318 15,748 Transfgr befv40on funds 16 19,609 119.6091 N•l {•xpondltur•lllncom• b•for• Invo$lment galns 23,331 503 111,3181 15,148 Nèl galnsll1088è81 on inv8slmen18 236 236 978 Net movomont In lund• 26 To181 funds brought fOnard 850,299 241,776 31,897 1,123,972 1,107,246 Total funds carrl•d foTrward 862,815 218,445 31,630 1,112,890 1,123,972 None of the P8rochlal Church Council's activities were acquired or discontinued durlng the Bbova financlAI period. There were no recognised g8in8 or losses other than Ihe nel mov8m8nl ol funds for Ihg financial pgriods shown above. Thg nolgs on pages 17 to 22 form part of these financlal slalemenl8. 15
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S. YATELEY Balance sheet as at 31 DèeernbeT 2024 2024 2023 Notes Flx•d assots Tangiblo lix8d assets Invèslmenls 1,133.220 9,611 1,142,831 1,147,788 12,333 1,160,121 Current a68ets Stock Deblofs Cash al bank and In hand 2,709 5.309 95,727 103.745 2,985 5,022 134.565 142,572 Crodltors= amounts falling due within ono year 76,445 75,896 Nèt currnnt a$$•t8 27,300 66,678 Total a$$8t$10s8 current Slabllltle8 1,170.131 1,226,996 Cr•dltor•'. amounts falllng due aftèr one year 32,196 80,524 Provlslons for IlabllltSes 10 25,045 22,500 Total a*s•ts 1.112,890 3.97 Fund• of the Church Undesignal8d Designated Rgglricted Endowmonl 35.377 827,438 218,445 31,630 1,112,890 60,560 789,739 241,776 31,897 1,123.972 The nol8s on pages 17 to 22 form part of th898 fSn8nclal 8latamgnt8. Thg financial stal8menl$ on pages 15 10 22 w8ro approv8(I by the Parochlal Church CounGil on... Rev Tim Sloroy PCC Chairman Sarah auaderman Treasurer 16
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S. YATELEY Notes to the financial stat8ments for th8 y8ar èndèd 31 December 2024 1 a) Aetountlng convention Thè financial slalements have been prepared in accordance with thè Church Accounting Regulations 2006 together wlh applicable accounting standards and the Charities Slalemenl ol Recommended Practice, SORP 2015. The financial slalemenls have been prepared undar tho hi81orical cost convenlion. excepl for the valuation ol investment assets al maikal vglué. bl Funds General funds represent the funds of the PCC that are not subject to any reslricb'on regarding their use and are available for 8ppllcation on the general purposes of th8 PCC. Funds designated lor spe¢ifi¢ purposos by the PCC are also unreslricted. Restricted funds are those which are recelved for specific purposes and can only be used for those purposes. I Income Voluntary income is recognis8d when the monies are received. Income tax is recognised al the same time as Ihe associatgd ovenanl or Gift Aid donation. Ineome from 8ale8 and from fund raising events and other activities is oeeounted for gross. dl Con$o¢rat•d and ben•ficed property Consecrated and beneficed property is excludèd from th$ 8ccounls by S.10121 of the Charilles Act 2011. No valu6 is placed on mov8ble church fumishings held by the chLJrch wardans, on special trust for the PCC and which require a faculty for disposal. sln¢e the PCC considers this lo be inalienable propèrty. All expendituro incurred during the year on ¢on5ecraled or beneficed buildings and movgable church lurnI8hings, whether il b maintenance or Improverngnl, is wrillen off in the Slalemenl ol Financial Activities, except for the chalrs pur¢hased In 21)03 and 2010 which werg capilglisgd as fixed assets. •) Tanglblo Ilx•d as¥ets and depreclatlon Daprecialion 16 calculated lo writ& off tho c<>sl of tangible fixed assets ovèr their expected useful lives using the lollowng rale$'. Furniture and equipment Freèhold buildings Freehold land is not depreciated 25Yo per annum on reducing balance bas18 Straight line basis over 50 years fj Investmants Investments are valu8d al morkel valug os a131s1 December. Any gain or loss 18 taken lo the Slalemenl of Finan¢ial klivilios on an unrèalised basi8. gl Stocks Stocks oro staled al Ihe lowar of cost and nel rèalisable value. h) Provl$lon$ Provision is made Bs at 31st Dgcgmbgr lor the estimated amount of grants lo be paid to missions and charitias out of the Incomg for the year Sn accordance wlh the policy of tha PCC. il P•n$ions The company operates a deflnèd conlrlbution scheme lor the benefit ol the employees. Conlribulions are recognised In thè profit and loss account when due.
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S, YATELEY Noto$ to the financial statem¢nts for thè year onded 31 Dècamb&r 2024 Unrestricted Funds Restricted Funds Endowmènt Funds TOTAL FUNOS 2023 2024 2 Income and endowrnents from.. lal Danatlons and hya¢i*$ Planned gimng.. £ovenanls and gtft aid -Incom6 tax rècoverable ther planned giving Co118¢1ions and grants One-off donallons 144.701 12.995 4,905 11.054 14,516 188.171 144.701 15,185 4,905 49.989 14.716 229,496 124,057 39,098 2,190 38.935 200 41,325 36.804 14,271 217.890 Ibl Other voluntary Sncome Other Community hub donations 20,597 20,597 17,858 Icl Tradlng aCtitIeS Shop sales of don8l&d gLyJds CBfé 46 166,161 178,723 4.884 166,161 178.723 344,884 169,845 167,966 337,811 Idl Church &¢tlvltles Church hall lellings, elc Fees Oulraach and soclal aclivllles 921 5,266 9,297 15,484 921 6.638 9.297 16,856 1.273 2.394 7.851 11,518 1.372 1.372 lfj Inwm• from Inv•slm?nts Dividends and Interest recelved 1.892 275 2,167 2,778 18
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S. YATELEY Nots$ to th¢ flnan¢ial $tatem•nts for th• yoar •nd•d 31 D•e•mb8r 2024 Unrestricted Fund Rostrfct•d Endowmont Funds Funds TOTAL FUNDS 2024 2023 3 Expgnditure on". (a) Tradlng activitle8 Shop salaries Shop running ¢osl$ (incl repalrs) Café 46 expens8S Cafo 46 salarles 89,800 20,865 89,6 20.865 65.864 93,711 78,437 23.998 63.998 87.689 93,711 (b) Chur¢h act5vltles Diocesan parlsh share Church runnlng costs Fabric upkeep and malnlenanca Outreach and social activities Youth and community mlnislry hAission giving Independent examingls fo09 Depreciation 86,)5 20,445 6.730 10.831 1,328 20,SOO 3,750 27.648 88.005 20.445 63,587 15,587 1,673 20,500 3,750 32,558 113,132 24.068 13.366 14,624 629 21,499 3,665 29,957 56,857 4,272 345 484 4,910 (c) Church manag•m•nt and admln Salarles Gener81 expense8 90.399 17.848 ,247 90,399 18,774 09. 78,180 20.845 97. 632 294 19
PAROCHIAL CHURCH COUNCIL OF ST. PER'S, YATELEY Notos to th¢ financial statements for thè year endèd 31 Déeèmb•r 2024 4 Galnslllossesl on Invastm•nts The nat realised and unrealised gains in tho year to18116d £236 gain12023.. £978 gain). 5 T4nglbl• flx•d ass•ts Freehold Land and Bulldlng¥ Furnlturg & Equlpment Total Cost At 1 January 2024 Addib'ons Disposals Al 31 December 2024 1.414.784 102,013 18,199 1,S16,797 18.199 1414784 120,212 1,534,996 D•prèclatlon Al 1 January 2024 Chargo for year Dlsposals Al 31 De¢fjmb8r 2024 287,882 22,996 81.128 9,771 369.010 32.767 310,877 90,899 401,776 Not book valu•$ Al 31 Decemb8r 2024 1,103.907 29.313 1,133,220 Al 31 December 2023 1,126,902 20,885 1.147,787 The freehold land and bulldlngs18 compri8ed of Chadd5sbrook House, Reading Road and th8 0nn0x land and was acqulred In 1990. These are shown at hl8lorlc81 cost and include improvements works undertaken In 2017. 6 Invè8tm•nts Th88e comprise 374.25 share8 in the CBF Investment Fund and £1,726.4 2.5% Consolldaled Funds al total hlslorfcal cost of £1,878 {2022- £1,930>. 2024 2022 7 Dobtors Amount8 falling due within one yeor. Income lax recoverable Propaym8nl$ and ac¢nJed Incomg Other debtors 619 2,500 2,190 5.309 455 1,196 4,932 6,583 8 Cr•dltor8 Amounts becomlng due and payable wllhln one year Accrual3 and deferred income Other creditors Other loans 7,399 12,618 56,428 76,445 12,590 10,304 52,021 74,915 20
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S, YATELEY Notès to the financial statements for tha ar 8nd•d 31 December 2024 2023 2022 9 Cfeditors due In ovèr on• year Other loans 32,196 122,453 32,196 122,453 Includèd in both creditors due in less than and over one year is a concessionary, non-secured loan from Winchester DBF whlch Is charg&d al a below market rate of inleresl.11 Is repayable in equal instalmenls over 10 years. During the year £4,96412023.' £8,692) of104n Interest was incurred and this Is shown wthin General expenses. 10 Provision for Ilabllltl•s Provision for mission and charity paymen18 25,045 25,500 Unrastrleted Funds Undeslgnat&d D?$lgnat•d Restrlct8d Funds Endowment Funds Total 11 Analy$l8 ol lund¥ Flxed assets Currènl assets Total liabilits'es 30.268 50,171 145,0621 35,377 897,498 18.564 188.6241 827,438 206,409 12.036 8,6S6 22.974 1,142,831 103,145 1133,8861 1,112,890 218,445 31,630 Balan¢8s brought lomard Movements in year Balances corrled forward 60,560 25,1831 35.377 789,739 37,699 827,438 241.776 123,331 218.445 31,897 2671 31,63Q 1,123,972 111,Q821 1,112,890 Rostrlctod funds anglysls Balanc• brou9ht forward Transfor between Funds Depr•clatlon l Di8burs•d 84lan¢o carrled foNard R•c•lpt8 Freehold Building Acc8ssibl8 Needs Toilet Hardship Fund Hub Donallons Howell Legacy (Home Alone) B•llringers Legaey Youth Work Uganda Trip Nebbi Pump Appeal Christmas ECO Fund 211,319 22,823 2,548 14,9101 206,409 886 2,510 34,920 225 22,763 156,8571 12631 13,1541 18551 119,6091 855 500 3,500 500 3,155 740 4,014 231 218,445 13451 16321 1,372 4,014 231 241,776 63,2 110,1591 76,4661 Designal8d fLtnds Include 'St Peter's Land and other funds held for the operation of varlous chur¢h ¥¢tiviti8s. "Sl Peter's Land" includes the Ire8hDld land and bulldings and surplus monies r8ised ft)r those assets after acquisition, mainlen8nce and related project costs- havlng excluded costs to match Ihg restiicled donation5 for the project recelv8d in previous years. These laller are shown as a re51riGled portion of the fixed assets. The balance of 51 Pelerfs Land al 31 DeGember 2024 was £821,151 12023.. £791,602) which Gonsi51ed of £12,277 held in bank 8crounls and £897,498 correspond8d lo the deprecSatod ro$1 of the property (less oulslanding loanslcredilors of £88,824). Funds shown as rgslTicled rgpresent the portion of the freehold building funded by reslricled donatlon5. During the year, donations and grants of £34,920 w85 received lo add to the Aws51ble Needs Toilet project fund, and £56,857 was spent, leaiqng a remaining balance of £88610 be ulili5ed in Ihe futuré. Two appeals in 2024 lor a visit lo the Nebbi Diocese and for a replacement pump for the Nebbi Diocese Medical Centre raised £5,386 both of which expect lo be spent in èarly 2025. The lolal restricted reserve lo be carried forward is £218.44512023.' £241,776). Prior to 2024, the endowment funds inelvded the Brown's Prize Idesignaled lor funding youth competition prizes} and the rernaining balanc8 of the Geaves Fund. along with awumulaled vnspent income, In 2020. Iwo endowments were liquidated lo contribute lowards the rgpair ol the Lych Gale, along wlh half of the Geaves Endowment. In 2024, the Brown's Prize endowment was sold to support Ghildren's educalion. 21
PAROCHIAL CHURCH COUNCIL OF ST. PETER'S, YATELEY Notes to the financlal stat•m•nts for thè yèar ènded 31 December 2024 12 Mlsslon and grants Grants paid during the year included the following payments of £1.000 or ov&r, soma of whlch related lo previous years". A Rocha Church of Uggnda N8bhl Columbo Th8ological Semlnary Count Everyone In Good N8w5 For Ev8ryone Op8n Doors MAF UK Monther5 Unlon UCCF Yateley Unllgd FC 1,500 6,000 3,000 1,500 3,000 3,000 1.250 1.500 1.250 2.000 13 Transactlons wlth members, staff and eonnected persons Dudng the year Ihgre were an averag8 of 26 employees12023- 221. Tha salaries costs In notes 3lal, 3lbl and 3lcl Snclude lolal national insurance costs of £9,79312023.' £6,454). None received moro than £60,000. Tha publi¢ liability insuranco. in ¢ir¢umslancts where the incumbent churchward•n8 and PCC are insured. gxtond$ lo personal Ilablllty of individual membgrs of Ihg PCC and Its employees. Durfng 2024 ther8 was a r91aled paty Iransacllon between Mrs Maureen lfjng, Offlca Manager and Mr Slevo Kln9, Truslee, con81sling of salary, Nl and pon$lon paymgnl8 for Mrs Klng. 14 Flnanclal commltm•nt8 Sl Peterfs is committed lo ensuring that tha building8 ale lully compliant with all health and 8afely requirements and are fil lor the divarsè purpose5 that life in the Church Communiiy present. During 2024 completed the Addlllonal Needs Toilet project but as part ol that idenlifi6d tha need lo mak8 the Wesl Door Accessible and so has designated further funds of £7,500 towards that project. The PCC has r8slrlcl8d income dedicated lor the purpose of churchyard repalrs 1c could includè thè Lychgale on the path al the east end of St Peter's though no firm costs or dal&s for 8ny work lo commence Is agreed. A Quinquennial Inspection of St Paler's look place in 2023 and id6ntified no Significant items of expgndilure. Some repairs were undertaken in 2024 and the rgmainlng work8 will rèquir8 up lo £3.500 of éxpendllura, 15 P•n$lon commltm•nl$ The Church operates o d8fin$d ¢ontrlbullon schame for Ils employe98. The 8mounl oulslandlng al the end of the ygar relallng lo employer pension conlrlbutlons was £1,41312023.. £3,0651. 16 Tran$f•rs b•tw••n funds PerSodl¢ transfers are made from th8 R8strlcled Fund lo the General Fund to reflect payrnen18 made in respect of the building project. 22