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← The Parochial Church Council Of The Ecclesiastical Parish Of Oadby

2023-12-31-accounts

The Parochial Church Council of The Ecclesiastical Parish of Oadby

Registered charity number: 1132456

Annual Report and Financial Statements of the Parochial Church Council

Year Ended 31 December 2023

Minister

Reverend Jonathan Tearne Parish Office St Peter's Centre Wigston Road Oadby LE2 5QE

Bankers

CAF Bank 25 Kings Hill Avenue, Kings Hill West Malling, ME19 4JQ

Independent Examiners

Wyatt & Co. 125 Main Street Garforth Leeds LS25 1AF

St Peter’s Oadby Annual Report Year Ending 31 December 2023

The trustees present their report and financial statements for the charity year ending 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual reports and financial statements of the Charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)).

Administrative information

The Parish of St Peter is situated in the centre of Oadby, Leicester and is part of the Oadby Great Glen Benefice. Under the resourcing church project it is partnered with St John’s, Clarendon Park where Jon Tearne and a few other team members have been sent to provide day to day leadership.

It is part of the Diocese of Leicester within the Church of England. The correspondence address is: St. Peter’s Centre, Wigston Road, Oadby, Leicester LE2 5QE

Incumbent: Revd. Steve Bailey (Team Rector) Team Vicar: Revd. Jonathan Tearne (With responsibility for St Peter’s) Curate: Revd. Linda Harwood (from 2/7/23) Wardens: Martin Ward, Angela Pitches Deanery Synod Members: Don Smith, Philip Coomes

Parochial Church Council (PCC) Members

Designation Term of Office
Ex-officio members
Revd Steve Bailey Team Rector Ex-officio
Revd Jonathan Tearne Interim Team Vicar Ex-officio
Revd Linda Harwood Curate(from 2/7/23) Ex-officio
Martin Ward Churchwarden Ex–officio
Angela Pitches Churchwarden Ex-officio
Elected Members (Must be on the Electoral Roll of Parish to be eligible for election)
1. PhilipCoomes DeanerySynod(re-elected 14/5/23) 2023-2026
2. Don Smith DeanerySynod(re-elected 14/5/23) 2023-2026
3. Jacqueline Knight Elected 2022-2025
4. Sian Davies Elected 2021-2024
5. Patricia Ellson Elected 2021-2024
6. Rita Shrigley Elected 2022-2025
7. Jonathan Stocker Elected 2022-2024
8. Valerie Barba Elected 2022-2024
9. Christine Broad Elected(re-elected 14/5/23) 2023-2026
10. Vera Davison Elected 2022-2025
11. Lynda Gibbs Elected 2022-2025
12. Robert Morris Elected(re-elected 14/5/23) 2023-2026
13. Diane Purves Elected(re-elected 14/5/23) 2023-2026
14. Anne Dobson Elected(from 14/5/23) 2023-2026

St Peter’s Oadby Annual Report Year Ending 31 December 2023

PCC Officers

The following officers of the PCC have been elected: Chair: Rev Jon Tearne Vice Chair: Don Smith Secretary: Sian Davies (until 14/5/23) Secretary: Jon Stocker (from 14/5/23) Acting Treasurer (not part of the PCC): James Banks Minutes Secretary (not part of the PCC): Emma Jackson

Structure, Governance and Management

The PCC is a body corporate (Church Representation Rules 2020) and a charity registered with the charity commission (reg. Charity no.1132456). The method of appointment of PCC members is set out in the Church Representation Rules. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.

The full PCC met seven times during the year and was fully quorate at each meeting.

The Standing Committee is a legally constituted sub-committee of the PCC and met six times during the year. It meets between full PCC meetings and serves the PCC by preparing agendas and conducting urgent business which cannot wait for the next full meeting. It may also prepare briefings for the PCC to inform their discussions.

At the PCC meeting on 14 May 2023 the following members were elected to the standing committee: Rev J Tearne, Mrs P Ellson, Mr J Stocker, Mr M Ward (Churchwarden) & Mrs A Pitches (Churchwarden).

Risk Management and Review

The PCC recognises its responsibility for identifying and managing risks within the organisation. A working party of PCC members has identified, collated, and scored risks for the PCC to manage and action as necessary.

Safeguarding

The PCC of St Peter’s Oadby are committed to the safeguarding of young people and vulnerable adults.

In accordance with the Church of England policy, we have written and implemented a safeguarding policy and procedures based on ‘Promoting a Safer Church’. This was last reviewed by the PCC on 19/09/2023. A copy of the safeguarding policy can be produced on request.

Safeguarding is everyone’s responsibility but it is the duty of the Incumbent, Parish Safeguarding Officer and the PCC to ensure that the policies and procedures are being followed and reviewed on at least an annual basis. Safeguarding is a standing item on every PCC agenda.

The day to day responsibility for safeguarding within St Peter’s is delegated to the following officers:

Minister – Revd Jon Tearne: jtearne@stpetersoadby.org.uk Parish Safeguarding Officer – Juliet Bewley – office@stpetersoadby.org.uk

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Aims and Purposes

The PCC of St Peter’s is responsible for cooperating with the Incumbent to promote the ecclesiastical parish and the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is responsible for the maintenance and management of the church building, although the building is not owned by the PCC, but the Diocese of Leicester. The use of the building is gifted to the PCC by the Diocese.

The PCC owns and is responsible for the maintenance and management of the St Peter’s Centre and the Old Rectory, 1 Leicester Road.

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our church community at St Peter’s. The PCC maintains an overview of worship in the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

Public Benefit Statement

In setting our objectives and planning our activities for the year, the trustees have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion.

In particular, we seek to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work it is important that we maintain the fabric of the Church of St. Peter’s and the St Peter’s Centre.

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Review of the Year – Jon Tearne

Since I (Jon) have arrived at St Peter’s there has been a continual need to bear with a level of uncertainty. This was very evidently the case during and emerging from the pandemic, however this ambiguity has continued due to the impact covid has had on diocesan plans regarding the Resourcing Church project and the piloting of Minster Communities as the new framework for ministry in the diocese. Nevertheless, we have sought to continue to build, grow, connect with, and strengthen partnerships across the community.

Worship

The weekly pattern of services re-established in 2022 continued with an 8am BCP service, followed by a 10am HC service every Sunday, as well as a weekly midweek HC or MP service. The monthly choral evensong service also continued with Angela Allen (a reader at St Cuthbert’s) taking a lead on this in the Autumn term, as did the monthly Family Service and Peter’s Place (Messy Church) in the afternoons. From the Summer term onwards we approached the second Sunday of the month in the 10am service afresh with the use of more contemporary worship music and more intentional prayer ministry with support from St John’s, Clarendon Park.

We had multiple pulpit swaps across the Benefice throughout the year, as well as with Churches Together in Oadby (CTO) during the Week of Prayer for Christian Unity in January. There were also several shared services including the Palm Sunday Parade from St Peter’s to Trinity Methodist Church, a Tenebrae service at St Cuthbert’s, Good Friday at St Peter’s, an early morning(!) Ascension service at St Cuthbert’s, Thy Kingdom Come prayer and praise at St Paul’s, and the Benefice Advent Evensong at St Peter’s.

There were several significant larger services throughout the year as well. Towards the end of January, I was licensed as Interim Vicar at St Peter’s, Oadby by +Saju. This was attended by several local dignitaries, as was the Remembrance Sunday parade in November, which was particularly well-attended. The additional Christmas services, particularly Nine Lessons and Carols, the Crib Service, and Midnight Communion, were all very well-attended too, with a significant increase in numbers on 2022.

Alongside the lectionary we had several sermon series including an introduction to Alpha alongside the start of the course in the Black Dog; Emotionally Healthy Spirituality alongside the Lent course; a series on Ephesians; and finally a series on ‘Why we Worship’ . We continued the midweek Praise and Prayer meeting, which saw numbers grow in the Autumn term.

Community

It is worth commenting on the many ways in which we have fostered community within the congregation and across Oadby over the course of the past year. Angela and the team have hosted numerous events including a Burns Night, Pancake Party, and Harvest Supper amongst others. Martin has gathered the ‘Church chaps’ on several occasions for curry nights and hosted a BBQ, with the help of his family, whilst Don streamed the Women’s European Cup Final on the big screen. These and occasions like them have been a significant part of nurturing the life of the church.

We have also been making significant connections with other organisations in the local area. Launde Primary School had three educational visits to the church at Easter time, Brocks Hill Primary School did similarly at Christmas time. Woodland Grange Primary School and Langmoor Primary School both held their Christmas performances at St Peter’s Church. I also had the opportunity to give assemblies at Woodland Grange, Launde Primary and Langmoor Primary. We also developed the connection with the uniformed organisations who use the St Peter’s Centre. The Brownies joined us for our Mothering Sunday to give out daffodils to the women in the congregation, we then also had a parade service to celebrate Harvest, which included the other uniformed organisations too. Over the Christmas period

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Linda, Jackie, and I visited several of the groups in their sections to teach them about the Christmas story using Christingles.

Funerals continue to be a regular feature of ministry within Oadby, and a significant way in which we serve our local community. Many of those bereaved take the opportunity to attend the All Souls Service in the Autumn and have the names of their loved ones recorded in the Remembrance book on display in the church. Diane and a number of others visit the elderly and infirm throughout each month and take home communion to people where possible. We also lead a monthly Holy Communion service at Devonshire Court for the residents.

There have been several moments with local organisations too. As usual, we hosted the Framework Knitters for their annual service in the Autumn term, I was invited to speak to the Leicester University Christian Union, and several St Peter’s folk attended the North Memorial Homes for the unveiling of a plaque to commemorate the coronation of King Charles III. We were able to live-stream the coronation from St Peter’s for all those who wished to watch alongside others. We also took the annual opportunity to be a presence on the high street along with the other churches in Oadby during the Christmas lights switch on, where we sang carols and offered families the opportunity to play games for free whilst awaiting the lights.

Families & Children

Peter’s Place (Messy Church) and the monthly Family Service continued throughout 2023. At Easter time, in partnership with Churches Together in Oadby (CTO) we hosted the beginning of the donkey walk up to the Methodist church and joined in with CTO for the Christmas lights switch on in November. We had several BBQs for families at the vicarage in the summer. We began a new youth group in the Autumn term, which although starting small has doubled in size in the few months it has been running with further interest for the new year. Holy Trinity Leicester in partnership with New Wine have given support to us in this initiative, offering training and resources to Emma and the others who are helping to lead this. The Christingle Nativity and Crib services were particularly enjoyable and well-attended. There has also been a slow but steady increase in the attendance of young families in the 10am service encouraging us to prepare for the start of a Sunday School in 2024.

Discipleship

The Alpha course at the Black Dog which ran in the Spring Term was well-attended and enjoyed. Several attendees formed a group which continued to meet following the end of the course in order to continue to meet and discuss the Bible. In the Summer term we used the Chosen film series to do bible study and in the Autumn term we used the Bible Series to get an overview of the Bible. The Autumn term culminated in a Christmas Quiz at the Black Dog, which was well attended and enjoyed by many, opening conversations with a wider group of people, some of whom are looking forward to joining the Alpha course in 2024 . The group which has formed following the Alpha course in the Spring, has received extra support from the new Catalyst initiative for developing missional communities, which is being run out of St John’s Clarendon Park.

The annual retreat organised by Diane Purves was a great success, as were the day trips . In preparation for three couples who were married in 2023 Jon also ran pre-marriage sessions. The Alpha course was also used for candidates coming for baptism including the second full immersion adult baptisms at St Peter’s, alongside parents bringing children for baptism. Throughout the year both Bobby and Emma have been preaching at the Thursday 10:30 HC service. In the Summer, Linda Harwood moved from being an ordinand to a curate at St Peter’s, under my supervision. A small group attended New Wine for the week in the summer, following a day visit the previous year.

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Operations

The operational life of the church has continued to develop throughout 2023. James (Operations Director at St John’s) further implemented the use of the ExpensePlus system for finances helped the PCC to take better care of the church’s finances by spreading investments across better performing ISAs. James has also been training up Bobby to use the finance system to help spread the work of looking after the day-to-day finances.

ChurchSuite is becoming increasingly embedded in the processes of the church, not least with the administration of safer recruitment for roles within our Safeguarding remit. We hope that we can continue to avail ourselves of the increased efficiency that this tool has the potential to afford us.

With the apparent liquidation of Right House Mate, who have been managing the Old Rectory for the past few years, we also needed to take back the administration and maintenance of the Old Rectory. Despite this difficulty, alongside increased energy costs, and expenses concerning the church boiler, we were delighted to be able to finish 2023 with a significant financial surplus.

Thanks

Particular thanks go to James for all of his work and advice on the many and varied operational and financial questions, which we have needed to deal with over the course of the year. Emma and Phil for their work in the office, Don and Diane for their consistent help with the preparation of services, and Martin and Angela who have worked tirelessly as wardens in many significant ways throughout the year. Finally a thank you to all our volunteers who give their time to St Peter’s and without whom the church would not be able to function.

Looking Ahead

Unfortunately the ambiguity of the last few years continues into 2024, as my licence comes to an end this year and the prospect of Minster Communities awaits us promising significant change. Whilst we seek to engage with whatever plans are set forward by the diocese we also seek to continue to develop the mission and ministry of the church. We will be hosting an Alpha course throughout the Spring Term, continuing to grow the youth work, developing our ministry to young families, and strengthening our links with the local schools and uniformed organisations.

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Property Report – Martin Ward

The PCC continues to be responsible for the 3 buildings within the parish – St. Peter’s Church – dating back to 14[th] C, St. Peter’s Centre – opened in 1929 and 1 Leicester Road, the former Rectory which was built by the Diocese in the 1950’s and purchased from them by the PCC in 2005/6. All 3 buildings present their own individual maintenance challenges.

St. Peter’s Church

St. Peter’s continues to be the Spiritual home of our regular congregation and that of many Christians in Oadby, who visit occasionally. It is the church that hosts civic services such as the Remembrance Service of the Royal British Legion in November each year. We continue to engage as often as we can within the community. The church is open daily for private prayer, and, being the oldest building in the ‘village’ it continues to attract many visitors from home and abroad.

The removal by Oadby & Wigston Borough Council of the 2 Cedar trees, and the subsequent carving, continues to interest and attract visitors. However, the issues caused by years of needle shedding by the trees into the south gutters continue to cause maintenance issues.

In the early spring of 2023 the boiler, which was installed in the early ‘70s, started to trip the electrical service feed. After much consultation and concern, we discovered in the autumn that in fact the issue was not a defective circulation heating pump, as suggested, but a shared electrical feed to the trace heating on the chancel roof. This feed was isolated and is now fed via a separate circuit, enabling the boiler to continue ‘wheezing’ on. The errant roof feed to the south side roof of the chancel was isolated from the north side (which hopefully still operates) and the investigations into replacement continue. The trace heating system is installed to prevent the gutters & downspouts freezing in very cold weather.

Investigations into replacing the gas boiler are ongoing, costing have been received for ‘green’ energy systems and also a modern, much more energy efficient gas boiler – the cost difference for installation is huge! It is extremely complex and consumes much time and mental effort. The current gas bills for heating the church, which is in use most days of the week, is around £850.00 per month. So a modern system would hopefully reduce our running costs.

The gardens of the church whilst, in theory, are maintained by OWBC (as it is classed as a closed churchyard), it does require the efforts of Bryan Blake and his helpers Adrian Lane & latterly, John Woods, to look after the finer points of planting, weeding, pruning and general tidying up. We are extremely grateful for all that they do to keep the grounds tidy & attractive.

St. Peter’s Centre

The centre, known as SPC, still continues to be the defacto ‘Village Hall’ and being one of the largest halls locally, it is used by many organisations including the NHS and a local dance company. The income from the lettings is essential for us to be able to provide missional support to our affiliated uniformed organisations, our newly formed Youth Club, Little Fishes – our mother & toddler group and Tuesday Teas.

Unfortunately the programming system for the 2 boilers which heat the main hall, entrance hall and stage area became unmanageable and uneconomic to continue with. In early December 2023, a new more flexible and manageable control system was installed and we are hoping that ultimately there will be a reduction of gas consumption for SPC as a whole. The monthly gas bill for SPC is in the region of £900.00 – so reductions are needed!

St Peter’s Oadby Annual Report Year Ending 31 December 2023

The front doors of the Centre were replaced in the spring – they were over 90 years old ! New self finished aluminium doors manufactured to a similar design to the originals were fitted. A very generous donation allowed us to also have an electrical door locking system installed which gives us more flexibility and control over the Centre usage.

1 Leicester Road

The former Rectory was, until the late summer, leased to a local company renting the separate rooms out individually. Unfortunately, due to various circumstances, the company ran into financial difficulties. After deliberations, it was decided, on a mutually agreed basis, for St. Peter’s to take back control of the building and rent out the rooms to the 3 occupants who now pay us direct. It is planned to rent out a further room in early 2024. This will allow the income from the building to help support the work of the church.

This has involved considerable additional administration tasks for Emma Jackson – our Administrator & James Banks – from St. John the Baptist (SJB) who has assisted us since St. Peter’s engaged with SJB in the Resourcing Project which is due to finish at the end of December 2024. It has also required more work for Phil Martin – our Premises Officer – who works across all 3 buildings now.

We owe all three a big ‘Thankyou’ for all of their combined efforts in helping St. Peter’s Church to continue its ministry to the people of Oadby.

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Gartree Deanery Synod Report 2023 – Don Smith

Gartree Deanery Synod brings together churches to the South and East of Leicester – and reaches as far as Market Harborough. We meet three times a year, usually in Kibworth.

Tea/coffee and biscuits are usually served as we gather, and the meeting starts with a short time of worship. Each meeting features a presentation on a topic of interest, usually with the chance to ask questions of the speaker.

The formal business of the meeting follows a short comfort break. In addition to our own Deanery Synod minutes and finance report, we hear about General Synod, Diocesan Synod, the Diocesan Board of Finance and Education Committees and other meetings. This provides a fascinating insight into the operation of the Diocese and the wider Anglican church.

The first meeting in 2023 was in February. The main presentation was about the war in Ukraine. Maria Jukes and Tom Wilson described the background to the conflict and then focused on what individuals and parishes could do in response. Many practical ideas were shared to help refugees to feel welcomed and less isolated.

The meeting in June was addressed by members of the Diocesan Board of Finance. They explained graphically the financial challenges affecting the Leicester Diocese. Giving from churches dropped sharply during the covid restrictions and has not yet recovered. The diocese is using reserves to balance the books – but this cannot continue indefinitely. The bulk of the money pays for parish clergy. The solution must be to increase the number of believers and so this became an invitation to “preach the gospel”.

The final meeting of 2023 was in late September and featured personal evangelism. We were asked to share a “good news story” from our parish with others who we did not know. We followed with personal reviews of how each of us came to faith – and the people involved who facilitated this. Finally, we were encouraged to identify five non-believers for whom we would pray over the next few months.

St Peter’s is entitled to three lay representatives at Deanery Synod. Having elected two people last year, there is still one vacancy.

St Peter’s Oadby Annual Report Year Ending 31 December 2023

Church attendance

At the date of the APCM in 2023 there were 126 persons on the Electoral Roll.

The analysis of the general attendance and participation in the life of the church was:

Finance Report – James Banks

Building on the successful implementation of a new finance system in 2022, throughout 2023 we have seen the full benefit of regular finance reporting to the PCC and access to real time finance information. This has helped to inform spending decisions and ensure we can invest in the future work and ministry of St Peter’s. It has also meant we have been further able to review areas of spending and contracts to ensure we have the best value for money and are stewarding well the generous donations of many that give to St Peter’s.

Overall 2023 was another very good year for St Peter’s financially and we ended the year with an overall surplus across all funds, before asset revaluation of £35k. A large part of that surplus is from two generous legacy gifts which have been set aside for future use.

Most of the day to day income and expenditure for St Peter’s goes through the ‘General Fund’. This goes to support the core ministry costs of St Peter’s, this includes but is not limited to – clergy costs, staff costs and routine maintenance. During the year the general fund ran a surplus of just over £4k, bringing our general reserve to £50k, which is a healthy level. This also indicates that our regular income can support the regular costs of the church, something that is important to ensure financial sustainability in the future. One of the concerns we had at the end of 2022 was the rise in utility costs, although these have not been as steep as previously thought, they are still significant, but we have been able to sustain them.

There are also several other restricted funds – meaning there is a legal restriction on what they money can be used for, and there several designated funds – meaning we have set money aside for a specific purpose. As required, we review these during the year to ensure that they are being used in the way they are set out. Most of these balances are historic and have been built up in previous years. Some of them have been drawn upon this year for one-off special projects, such as installing new doors on the St Peter’s Centre. Others are there because we have a planned future use that will require significant capital investment, such as the replacement of the church boiler and associated strategy for decarbonisation.

During the year we also carried out a re-valuation of the residential property we own – 1 Leicester Road. This is something we are required to do every three years and was overdue by one year as the last valuation was carried out in 2019. Since then the value of the property has significantly increased and following professional valuation, the new value is now deemed to be £500k, an increase of £100k. This means that the asset on our balance sheet goes up and our total ‘NET Assets’ increases accordingly. Therefore our surplus across all funds shows as £135k, bringing the total funds of St Peter’s to just over £1M.

During the year Bobby Morris has also taken a role in assisting me with managing the finances of St Peter’s and I am very grateful for all his hard work. I would also like to thank Chris Billson, Martin Ward & Emma Jackson who are part of the finance team and without whom the finances could not run.

St Peter’s Oadby Annual Report Year Ending 31 December 2023

As we look ahead into 2024, whilst there are challenges from increasing costs, we have been able to set a budget that generates a small surplus.

Following this trustees report you will find the annual accounts and financial statements for the year ending 31 December 2023. This follows the same revised format as 2022.

Reserves Policy

It is not the intention of the PCC to hold large amounts of reserves for Investment purposes, it believes the church resources should be used for the work of God’s Kingdom as they are provided to us. However it is recognised that it is prudent to keep some general reserves in to cover primary operational costs in the event of an unforeseen reduction in income or increase in expenditure. It is the policy of the PCC to hold reserves equivalent to three months core operating costs (gross salaries and essential operating costs) at any one time.

Statement of Trustees Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed

Rev Jon Tearne Anne Dobson Angela Pitches Chair Warden Warden

The Parochial Church Council of The Ecclesiastical Parish of Oadby Year Ended 31st December 2023

I report to the trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Oadby ('the charity') for the year ended 31st December 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nigel Wyatt BSC FCA

Date:

Independent Examiner 125 Main Street Garforth Leeds LS25 1AF

St Peter's Oadby Annual Report Year ended 31 December 2023

STATEMENT OF FINANCIAL ACTIVITES

notes
Restricted
Funds
Endowment
Funds
Total
2023
2023
2023
INCOME from:
Voluntary
2a
132,983
7,254
-
140,237
Charitable Activities
2b
8,439
5,362
-
13,801
Other Trading Activities
2c
43,354
-
-
43,354
Investments
2d
14,316
-
-
14,316
Other
2e
173
-
-
173
TOTAL
199,265
12,616
-
211,881
EXPENDITURE on:
Charitable Expenditure
Mission and Ministry
3a
88,129
7,749
-
95,878
Property, Management and Admin
3b
71,794
9,979
-
81,773
TOTAL
159,923
17,728
-
177,651
NET INCOME (EXPENDITURE) - before transfers
39,341
(5,112)
-
34,230
Transfers between funds
-
-
-
-
NET INCOME (EXPENDITURE) - before Asset Revaluation
39,341
(5,112)
-
34,230
Asset Revaluation
7
100,000
0
-
100,000
NET MOVEMENT IN FUNDS
139,341
(5,112)
-
134,230
RECONCILIATION OF FUNDS:
Total funds brought forward
15
750,329
137,590
2,199
890,118
Total funds carried forward
889,670
132,478
2,199
1,024,348
2023
Un
Restricted
Funds		 Total
Funds
2022
108,657
14,349
44,418
14,877
155
182,456
90,282
78,979
169,261
13,195
-
13,195
-
13,195
876,923
890,118

St Peter's Oadby Annual Report Year ended 31 December 2023

BALANCE SHEET AT 31 DECEMBER 2023
notes
FIXED ASSETS:
Tangible assets
6
Investment Property
7
CURRENT ASSETS:
Debtors
9
Cash at bank and in hand
LIABILITIES:
Creditors: Amounts falling due within one year
10
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
TOTAL NET ASSETS OR LIABILITIES
8
THE FUNDS OF THE CHARITY:
Endowment Funds
15c
Restricted funds
15k
Unrestricted funds
15t
Unrestricted - Revaluation Reserve
15w
TOTAL FUNDS
15x		 2023
notes
251,739
6
500,000
n/a
11,193
9
267,070
278,263
(5,654)
10
272,609
1,024,348
-
1,024,348
8
2,199
16c
132,478
16m
469,671
16w
420,000
16z
1,024,348
16aa		 2022
252,186
400,000
8,893
237,369
246,262
(8,331)
237,932
890,118
-
890,118
2,199
137,590
430,329
320,000
890,118

Approved by the Parochial Church Council on 18/03/24 and signed on its behalf by :

Revd Jonathan Tearne Chairman

James Banks Acting Treasurer

The notes 1 to 17 form part of these accounts.

St Peter's Oadby Annual Report Year ended 31 December 2023

NOTES TO THE FINANCIAL STATEMENTS

1 ACCOUNTING POLICIES

St Peter's Oadby is an unincorporated charity registered in England and Wales. The address of the charity is given in the charity information on page 1 of these financial statements.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006.

The charity is a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared as a going conern under the historical cost convention except for the valuation on investment assets where appropriate, which are shown at market value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

As a charity with an income less than £500,000 we have made use of the exemption under the Charities SORP and not prepared a statement of cash flows.

Funds

General funds represent the funds of the PCC that are not subject to any restriction regarding their particular use and are available for application on the general purposes of the PCC.

Funds designated for a particular purpose by the PCC are also unrestricted.

Funds received that are subject to a restriction are held in a separate fund and used only for that purpose. Where monies given for a restricted capital purpose are expended, the asset is no longer viewed as restricted and an appropriate transfer is made to the General Fund. This includes the payment of any related mortgage liability.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Incoming Resources

Voluntary income

Donations are recognised when received by or on behalf of the PCC or in the case of pledged donations when the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable.

Charitable Activites

Income from activities run by the church is recognised when it is due.

Other Trading Activities

Rental income from the letting of church premises is recognised when the rental is due.

Investment Income

Interest is accounted for as it accrues. Rental income from investment property is recognised when the rental is due.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December in each year.

St Peter's Oadby Annual Report Year ended 31 December 2023

NOTES TO THE FINANCIAL STATEMENTS

1 ACCOUNTING POLICIES (continued)

Resources used

Grants

Grants and donations are accounted for when paid, or when awarded if that award creates a binding obligation on the PCC.

Allocation of Costs

Costs have been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The PCC is exempted from tax under s.505 ICTA 1988, as a registered charity (reference 1132456).

Fixed assets

Consecrated land and buildings and movable church furnishings

The value of these assets is excluded from the accounts by virtue of s.96(2)(a) of the Charities Act 2011. Any expenditure, whether maintenance or improvement, is written off to revenue in the year it arises. Freehold Property Church Halls

On transition to FRS (102) the charity took advantage of the option to change their accounting policy in relation to the ‘Church Halls’.

This is now being held at fair value with revaluation movements held in the reserves of the charity. Freehold Investment Property

Freehold Investment Property is being held at fair value.

Equipment

Expenditure below £500 per item is written off in the year of acquisition. Computer equipment and other equipment is depreciated over 4 years on a straight line basis.

Current assets

All amounts owing to the PCC at 31 December are shown as debtors, less a provision for any amounts that may prove uncollectable.

Provisions for liabilities are shown where an essential future cost is estimated at the year end.

Pension costs

The PCC as 'Employer' has an auto enrolment pension scheme with the Peoples Pension. All qualifying employees are automatically enrolled on the scheme and non-qualifying employees offered to enrol, at the start of their employment. Contributions are made by both employer and employee into the scheme according to their staff contract. Employers continuing responsibility and duties will be undertaken. The PCC is not a trustee of any scheme. All contributions are charged in the year in which they are incurred.

Donated goods, facilities and services, including volunteers

Income raised from donated gifts for resale is recognised at the point of sale where the value of the donation is considered not material in the context of total annual income and/or where the estimated resale value cannot be determined.

The organisation relies on the contribution of many unpaid general volunteers to carry out activities. In the absence of a reliable basis for measurement, this contribution is not accounted for in monetary terms.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to contine as a going conern.

Year ended 31 December 2023

St Peter's Oadby Annual Report

NOTES TO THE FINANCIAL STATEMENTS (continued)

2
INCOME
2a Voluntary
Regular Donations
One Off Gifts
Collection Plate
Legacies
Gift Aid
Grants
LPW Grant
2b Charitable Activities
Trips
0-18 Ministries
Church Fees
Courses
Staff Support Service
2c Other Trading Activities
St Peter's Centre Hire
Fundraising Events
2d Investments
Bank Interest
Old Rectory Rent
2e Other
Printing Charges
Other
TOTAL		 Un
restricted
Funds
Restricted
Funds
TOTAL
FUNDS
2023
Un
restricted
Funds
Restricted
Funds
TOTAL
FUNDS
2022
£
£
£
£
£
£
61,543
650
62,193
62,279
720
62,999
19,485
1,776
21,261
6,041
5,958
11,999
8,153
-
8,153
8,218
-
8,218
25,500
-
25,500
2,000
-
2,000
16,631
668
17,299
16,442
1,782
18,224
1,587
4,160
5,747
-
4,054
4,054
84
-
84
68
1,096
1,164
132,983
7,254
140,237
95,048
13,610
108,657
4,544
-
4,544
4,633
-
4,633
361
-
361
238
-
238
2,287
5,362
7,649
2,786
6,692
9,478
390
-
390
-
-
-
857
-
857
-
-
-
8,439
5,362
13,801
7,657
6,692
14,349
40,040
-
40,040
39,070
-
39,070
3,314
-
3,314
5,348
-
5,348
43,354
-
43,354
44,418
-
44,418
6,486
-
6,486
1,857
-
1,857
7,830
-
7,830
13,020
-
13,020
14,316
-
14,316
14,877
-
14,877
58
-
58
148
-
148
115
-
115
7
-
7
173
-
173
155
-
155
199,265
12,616
211,881
162,154
20,302
182,456

Note

Many volunteeers donate their time to St Peter's on a voluntary basis and the church is reliant on this. For the purpose of these accounts we are not able to quanify this contribution and so is therefore excluded.

St Peter's Oadby Annual Report Year ended 31 December 2023

NOTES TO THE FINANCIAL STATEMENTS (continued)

EXPENDITURE
Charitable Activities
3a
Mission and Ministry
Mission Giving
Parish Share
Mission, Courses & Evangelism
0-18 Ministies
Church Events
Trips
Hospitality & Gifts
Church Services
Church Fees i.e. weddings
Ministerial Salaries and expenses
Staff Training
Hardship Grant
3b
Property, Management and Admin
Church Insurance, Utilities & Cleaning
Church Repairs & Renewals
Technical maint & Equipment
SPC Insurance, Utilities & Cleaning
SPC Repairs & Renewals
Support Staff Salaries & Expenses
Rectory Insurance, Utilities & Cleaning
Rectory Repairs and Renewals
Office Expenses
Computer Software & Licence Fees
Professional Fees
Banks Charges and Card Fees
TOTAL		 Un
restricted
Funds
Restricted
Funds
TOTAL
FUNDS
2023
Un
restricted
Funds
Restricted
Funds
TOTAL
FUNDS
2022
£
£
£
£
£
£
9,250
1,563
10,813
8,859
1,185
10,044
54,000
-
54,000
50,000
-
50,000
903
-
903
188
-
188
-
606
606
-
403
403
292
-
292
913
-
913
4,827
-
4,827
4,759
-
4,759
962
218
1,180
440
-
440
1,319
-
1,319
957
-
957
89
5,362
5,451
2,073
6,692
8,765
14,849
-
14,849
13,759
-
13,759
1,304
-
1,304
54
-
54
335
-
335
-
-
-
88,129
7,749
95,878
82,002
8,280
90,282
6,939
-
6,939
6,629
-
6,629
1,718
9,979
11,697
6,060
11,358
17,418
1,245
-
1,245
1,317
229
1,546
9,690
-
9,690
8,027
-
8,027
3,942
-
3,942
3,476
-
3,476
36,250
-
36,250
26,052
-
26,052
3,230
-
3,230
607
-
607
1,055
-
1,055
7,195
-
7,195
4,228
-
4,228
4,232
-
4,232
1,855
-
1,855
1,889
-
1,889
1,561
-
1,561
1,732
-
1,732
81
-
81
176
-
176
71,794
9,979
81,773
67,392
11,587
78,979
159,923
17,728
177,651
149,394
19,867
169,262

St Peter's Oadby Annual Report Year ended 31 December 2023

NOTES TO THE FINANCIAL STATEMENTS (continued)

4 STAFF COSTS

Wages, salaries
Social Security costs
Employer Pension Contributions
TOTAL		 2023
£
39,842
-
1,616		 2022
£
32,750
-
1,657
34,408
41,458

In 2023, the PCC employed an average of 3 (2022: 3) members of staff. The full time equivalent employees were 1.5 (2022: 1.5) There were no employees who earned more than £60,000 including pension costs.

The PCC contributed to a defined contribution personal pension scheme for 2 employees (2022: 3).

5 REMUNERATION AND EXPENSES PAID TO TRUSTEES AND KEY MANAGEMENT PERSONNEL

No trustee was paid for their services as trustee. Expenses incurred wholly, exclusively and necessarily for the benefit of the organisation were reimbursed during 2023 to 7 (2022: 8) trustees of £2,567 (2022: £2,441).

Trustee indemnity was paid for on behalf of the trustees.

During the year two Trustees were paid for their services as a verger for weddings & funerals. These were Donald Smith and Robert Morris. The combined total of their payments in 2023 was £825

6 FIXED ASSETS FOR USE BY THE PCC

Cost/Valuation
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Eliminated on Disposal
Depreciation for the year
At 31 December 2023
Net book value at 31 December 2023
Net book value at 31 December 2022		 Church hall
building
improvement
Equipment
Total
250,000
46,964
296,964
-
579
579
-
-
-
250,000
47,543
297,543
-
44,778
44,778
-
-
-
-
1,027
1,027
-
45,805
45,805
250,000
1,739
251,739
250,000
2,186
252,186

The St Peter's Centre is valued at £250,000, the historic purchase cost is unknown.

The above property was professionally valued on 30 May 2019 by Knightsbridge Estate Agents and Valuers Ltd on an open market value basis.

The Trustees consider that the valuation of freehold land and buildings is not materially different from the figures given above, and is therefore stated at its fair value.

7 INVESTMENT PROPERTY

Valuation
At 1 Janaury 2023
Unrealised gain / (loss)
At 31 December 2023		 £
400,000
100,000
500,000

The Old Rectory (1 Leicester Road) is valued at £500,000, the original purchase cost was £330,000.

The above property was professionally valued on 4 January 2024 by Focus Property Sales on an open market value basis. The Trustees consider the value of the property at 31 December 2023 is not materially different from the figures given above, and is therefore stated at its fair value.

St Peter's Oadby Annual Report Year ended 31 December 2023

8 ANALYSIS OF NET ASSETS BY FUND

Fixed Assets
Investment Property
Current Assets
Current Liabilities		 Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
251,739
-
-
251,739
252,186
500,000
500,000
400,000
142,788
133,277
2,199
278,263
246,262
(4,855)
(800)
-
(5,654)
(8,331)
889,672
132,477
2,199
1,024,348
890,118

9 DEBTORS

Gift Aid recoverable
Other Debtors & Prepayments		 Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
3,932
26
-
3,958
1,333
7,235
-
-
7,235
7,560
11,167
26
-
11,193
8,893

10 LIABILITIES : AMOUNTS FALLING DUE WITHIN ONE YEAR

LIABILITIES : AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors for goods and services
Barclaycard
Mission Giving
Deferred Income		 Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
2,790
-
-
2,790
2,226
669
632
-
1,301
551
1,395
168
-
1,563
3,488
-
-
-
-
2,066
4,855
800
-
5,654
8,331

All deferred income in 2022 was released in 2023.

Deferred income in 2022 comprises winter energy grants and event income received for future financial periods.

11 GOVERNANCE COSTS

The Independent Examiners rumuneration for 2023 was £819 (2022: £780).

12 TRANSACTIONS WITH RELATED PARTIES

Donations of £21,782 (2022: £15,389) were received during the year from 16 (2022: 16) Trustees & their partners. No conditions were attached to these donations.

During the year a grant of £2,160 was received from the Oadby Educational Foundation towards work with children. Donald Smith and Steve Bailey are trustees of the charity and also trustees of the Oadby Educational Foundation.

During the year payments of £7,700 were made to St John the Baptist Church for Operations Support. Jonathan Tearne, a Trustee of the Charity, is also a trustee of St John the Baptist Church (until 29/1/23).

13 GOVERNMENT GRANTS

During the year no (2022: 0) Government Grant was received totaling £0 (2022: £0).

14 LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:-

Within one year
Between one and five years		 2023
2022
£
£
556
2,270
-
556
556
2,826

St Peter's Oadby Annual Report Year ended 31 December 2023

NOTES TO THE FINANCIAL STATEMENTS (continued)

15 SUMMARY OF FUND MOVEMENTS

SUMMARY OF FUND MOVEMENTS SUMMARY OF FUND MOVEMENTS
notes
Fund
balances
brought
forward at
1/1/2023
Income
Expenditure
Asset
Revaluation Transfers
£
£
£
£
£
Endowment funds:
Launden Bequest
15a
500
-
-
-
-
CR Coleman Trust
15b
1,699
-
-
-
-
15c
2,199
-
-
-
-
Restricted funds:
St Peter's Maintenance
15d
78,804
2,500
(1,200)
-
-
St Peter's Centre Maintenance
15e
7,655
-
(7,655)
-
-
15f
4,281
-
(870)
-
-
St Peter's Bell Fund
15g
254
-
(254)
-
-
Third Party
15h
-
7,143
(7,143)
-
-
Youth Worker
15i
32,509
813
-
-
-
Children's Work
15j
14,087
2,160
(606)
-
-
15k
137,590
12,616
(17,728)
-
-
Unrestricted funds:
General funds
15l
45,984
161,765
(158,422)
-
-
Legacies (Designated)
15m
-
37,500
-
-
St Peter's Centre Development (Designated) 15n
5,984
-
-
-
-
Old Rectory Management (Designated)
15o
15,551
-
-
-
-
St Peter's Music (Designated)
15p
30,729
-
(1,027)
-
-
St Peter's Discretionary (Designated)
15q
978
-
(474)
-
-
St Peter's Choir (Designated)
15r
1,103
-
-
-
-
St Peter's Capital (Designated)
15s
330,000
-
-
-
15t
430,329
199,265
(159,923)
-
-
Unrestricted- Revaluation Reserve:
St Peter's Capital
15u
70,000
-
-
100,000
-
St Peter's Centre Capital
15v
250,000
-
-
-
-
15w
320,000
-
-
100,000
-
Total funds
15x
890,118
211,881
(177,651)
100,000
-
St Peter's Organ Fund		 Fund
balances
carried
forward at
31/12/2023
£
500
£
1,699
£
2,199
-
-
-
-		 2,199
£
78,804
2,500
(1,200)
-
-
7,655
-
(7,655)
-
-
4,281
-
(870)
-
-
254
-
(254)
-
-
-
7,143
(7,143)
-
-
32,509
813
-
-
-
14,087
2,160
(606)
-
-		 80,104
£
-
£
3,411
£
-
£
-
£
33,322
£
15,641
£
137,590
12,616
(17,728)
-
-		 132,478
£
45,984
161,765
(158,422)
-
-
-
37,500
-
-
5,984
-
-
-
-
15,551
-
-
-
-
30,729
-
(1,027)
-
-
978
-
(474)
-
-
1,103
-
-
-
-
330,000
-
-
-		 49,327
£
37,500
£
5,984
£
15,551
£
29,702
£
504
£
1,103
£
330,000
£
430,329
199,265
(159,923)
-
-		 469,671
£
70,000
-
-
100,000
-
250,000
-
-
-
-
320,000
-
-
100,000
-
890,118
211,881
(177,651)
100,000
-		 170,000
£
250,000
£
420,000
£
1,024,348
£

St Peter's Oadby Annual Report Year ended 31 December 2023

15a Launden Bequest - Endowment for the general use of the church.

15b CR Coleman Trust - Endowment for the general use of the church.

15d[St Peter's Maintenance][ - Funds given specifically for the purpose of maintenance on the church building.] 15e[St Peter's Centre Maintenance][ - Funds given specifically for the purpose of maintenance on the church centre.]

15f St Peter's Organ Fund - Funds given specifically for the purpose of maintenance on the church organ.

15g St Peter's Bell Fund - Funds given specifically for the purpose of maintenance on the church bells.

15h Third Party - This includes funds that were received and paid directly back out such as diocese fees

or donations to other charities.

15i Youth Worker (renamed from Youth Work) - Funds given specifically towards the salary of a Youth Worker.

15j Children's Work - Funds given specifically towards work with children.

15mLegacies (Designated) - This holds legacies set aside for future investment.

15n St Peter's Centre Development (Designated) - Funds designated for the maintenance of the St Peter's Centre.

15o Old Rectory Management (Designated) - Funds designated for the maintenance of the Old Rectory.

15p St Peter's Music (Designated) - Funds designated for the musical ministry within St Peter's.

15q St Peter's Discretionary (Designated) - Funds designated to helping those in the parish suffering financial hardship.

15r St Peter's Choir (Designated) - Funds designated for the puchase of choir resources.

15s St Peter's Capital (Designated) - Designated fund holding the purchase cost of the Old Rectory.

15u St Peter's Capital (Revaluation Reserve) - Revaluation Reseve holding the difference between the current value of the Old Rectory and the purchase cost.

15v St Peter's Centre Capital (Revaluation Reserve) - Revaluation Reseve holding the entire current value of the St Peter's Centre as the historic purchase cost is unknown.

St Peter's Oadby Annual Report Year ended 31 December 2023

16 SUMMARY OF FUND MOVEMENTS (Prior Year)

SUMMARY OF FUND MOVEMENTS (Prior Year) SUMMARY OF FUND MOVEMENTS (Prior Year)
notes
Fund
balances
brought
forward at
1/1/2022
Income
Expenditure
Asset
Revaluation Transfers
£
£
£
£
£
Endowment funds:
Launden Bequest
16a
500
-
-
-
-
CR Coleman Trust
16b
1,699
-
-
-
-
16c
2,199
-
-
-
-
Restricted funds:
St Peter's Maintenance
16d
88,941
1,221
(11,358)
-
-
St Peter's Centre Maintenance
16e
5,655
2,000
-
-
-
16f
4,281
-
-
-
-
Youth Club Fund
16g
32
-
(32)
-
-
St Peter's Bell Fund
16h
254
-
-
-
-
Third Party
16i
-
7,877
(7,877)
-
-
Church Roof and Walls Fund
16j
-
-
-
-
-
Youth Worker
16k
25,359
7,150
-
-
-
Children's Work
16l
-
2,054
(600)
-
12,633
16m
124,522
20,302
(19,867)
-
12,633
Unrestricted funds:
General funds
16n
30,886
162,154
(147,056)
-
-
Sunday School (Designated)
16o
12,633
-
-
-
(12,633)
Friends of St Peter's (Designated)
16p
1,302
-
(1,302)
-
-
St Peter's Centre Development (Designated) 16q
5,984
-
-
-
-
Old Rectory Management (Designated)
16r
15,551
-
-
-
-
St Peter's Music (Designated)
16s
31,711
-
(982)
-
-
St Peter's Discretionary (Designated)
16t
1,032
-
(54)
-
-
St Peter's Choir (Designated)
16u
1,103
-
-
-
-
St Peter's Capital (Designated)
16v
400,000
-
-
-
(70,000)
16w
500,202
162,154
(149,394)
-
(82,633)
Unrestricted- Revaluation Reserve:
St Peter's Capital
16x
-
-
-
-
70,000
St Peter's Centre Capital
16y
250,000
-
-
-
-
16z
250,000
-
-
-
70,000
Total funds
16aa
876,923
182,456
(169,261)
-
-
St Peter's Organ Fund		 Fund
balances
carried
forward at
31/12/2022
£
500
£
1,699
£
2,199
-
-
-
-		 2,199
£
88,941
1,221
(11,358)
-
-
5,655
2,000
-
-
-
4,281
-
-
-
-
32
-
(32)
-
-
254
-
-
-
-
-
7,877
(7,877)
-
-
-
-
-
-
-
25,359
7,150
-
-
-
-
2,054
(600)
-
12,633		 78,804
£
7,655
£
4,281
£
-
£
254
£
-
£
-
£
32,509
£
14,087
£
124,522
20,302
(19,867)
-
12,633		 137,590
£
30,886
162,154
(147,056)
-
-
12,633
-
-
-
(12,633)
1,302
-
(1,302)
-
-
5,984
-
-
-
-
15,551
-
-
-
-
31,711
-
(982)
-
-
1,032
-
(54)
-
-
1,103
-
-
-
-
400,000
-
-
-
(70,000)		 45,984
£
-
£
-
£
5,984
£
15,551
£
30,729
£
978
£
1,103
£
330,000
£
500,202
162,154
(149,394)
-
(82,633)		 430,329
£
-
-
-
-
70,000
250,000
-
-
-
-
250,000
-
-
-
70,000
876,923
182,456
(169,261)
-
-		 70,000
£
250,000
£
320,000
£
890,118
£

St Peter's Oadby Annual Report Year ended 31 December 2023

16a Launden Bequest - Endowment for the general use of the church.

16b CR Coleman Trust - Endowment for the general use of the church.

16d[St Peter's Maintenance][ - Funds given specifically for the purpose of maintenance on the church building.] 16e[St Peter's Centre Maintenance][ - Funds given specifically for the purpose of maintenance on the church centre.] 16f St Peter's Organ Fund - Funds given specifically for the purpose of maintenance on the church organ.

16g Youth Club Fund - Funds given specifically towards the running of a St Peter's youth club.

16h St Peter's Bell Fund - Funds given specifically for the purpose of maintenance on the church bells.

16i Third Party - This includes funds that were received and paid directly back out such as diocese fees

or donations to other charities.

16j Church Roof and Walls Fund - Funds given specifically towards the project to repair the church roof & walls.

16k Youth Worker (renamed from Youth Work) - Funds given specifically towards the salary of a Youth Worker.

16l Children's Work - Funds given specifically towards work with children.

16o Sunday School (Designated) - Funds given specifically towards work with children. Upon review of the Sunday School Fund

it was deemed that the funds held here should actually be restricted, so the balance of £12,633 was transferred to the Children's Work fund during the year.

16p Friends of St Peter's (Designated) - Funds originally given specifically by 'friends of St Peter's' towards the preservation of the church building, but now have permission for general use.

16q St Peter's Centre Development (Designated) - Funds designated for the maintenance of the St Peter's Centre.

16r Old Rectory Management (Designated) - Funds designated for the maintenance of the Old Rectory.

16s St Peter's Music (Designated) - Funds designated for the musical ministry within St Peter's.

16u St Peter's Discretionary (Designated) - Funds designated to helping those in the parish suffering financial hardship. 16wSt Peter's Choir (Designated) - Funds designated for the puchase of choir resources.

16v St Peter's Capital (Designated) - Designated fund holding the purchase cost of the Old Rectory. A transfer of £70,000 was made out

of this fund during the year to a revaluation reserve. This ensures the fund relects the original purchase cost. This is not a cash fund. 16x St Peter's Capital (Revaluation Reserve) - Revaluation Reseve holding the difference between the current value of the Old Rectory and the purchase cost.

16y St Peter's Centre Capital (Revaluation Reserve) - Revaluation Reseve holding the entire current value of the St Peter's Centre as the historic purchase cost is unknown.

**17 ** GRANTS 2023 2022
Giving to Missions, other organisations and individ £ £
Open Doors 1,345 1,350
CPAS - 1,350
Keith Waddell Foundation (Edgar) 1,395 1,350
Christian Against Poverty - 1,350
Oadby Foodbank 1,395 1,350
Helping Hands 1,395 1,350
Bible Society 930 -
Knighton Free Church (Ukraine Aid) 342 5,236
Churches Together in Oadby - 250
Royal British Legion 140 156
Depi Ver 1,395 -
New Wine 1,395 -
LDBF - MES Bursary 340 -
British Red Cross 37 -
Barnabas 289 -
Crisis 415 -
Total Grants 10,813 13,742