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 fOn￿ard
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 aCti￿tIeS
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. P￿ER'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