2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Stockton-On-Tees St Peter

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ST. PETER’S CHURCH, STOCKTON ON TEES

CHARITY NO: 1132812

ANNUAL REPORT & FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDING 31 DECEMBER 2020

Incumbent:

Rev W E Braviner

Bank: Barclays Bank PLC 49 High Street Stockton on Tees TS18 1AH

Independent Examiner:

Mr Paul Whitecross 28 Topcliffe Drive Acklam Middlesbrough TS5 8HZ

Parochial Church Council of St. Peter’s, Stockton on Tees

Index to the Financial Statements

For the Year Ended 31 December 2020

Annual report of the PCC Independent Examiner’s report Statement of financial activities Balance Sheet Notes to the financial statements

Analysis of Property expenses and charity donations

Independent Examiner’s Report To the Trustees of St. Peter’s Stockton on Tees, Parochial Church Council

This report on the Accounts of the PCC for the year ended 31 December 2020 which are set out on pages 4 to 12.

Respective responsibilities of the Trustees and Independent Examiner

As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to

examine the accounts under section 145 of the Act;
follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s Statement

In connection with my examination, no matters have come to my attention

which give me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with s.130 of the 2011 Act; or
to prepare accounts which accord with these accounting records
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.

Signed _____

Date

Parochial Church Council of St. Peter’s, Stockton on Tees

Statement of Financial Activities

For the Year Ended 31 December 2020

Unrestricted Funds £ 55,521 6,176 20,788 604	Restricted Funds £ 1,500 720	Total 2020 £ 55,521 7,676 21,508 604

83,089	2,220	85,309 120,627
3,605 107,141 95 21,010	3,605 1,379 2,434 109,575 130,804 95 1,508 1,200 22,210 19,270
131,851	3,634 135,485 152,961

(48,762) 205,043	(1,414) (50,176) (32,334) 28,373 233,416 265,750
156,281	26,959 183,240 233,416

Parochial Church Council of St. Peter’s, Stockton on Tees

Balance Sheet As At 31[st] December 2020

£ 16,552 41,000	2020 57,552 126,233	£ 17,104 43,200	2019 60,304 174,042
114 2,219 123,900		223 2,773 171,046

	183,785 (545)		234,346 (930)
	183,240		233,416
	156,281 26,959		205,043 28,373
	183,240		233,416

Sue Mines Treasurer to the PCC

Approved by the PCC on 15[th] March 2021 and signed on their behalf by the Chairman, Revd W E Braviner

...............................................................

Parochial Church Council of St. Peter’s, Stockton on Tees

Notes to the Financial Statements

For the Year Ended 31 December 2020

1 Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2011 together with applicable accounting standards and the Charities Statement of Recommended Practice.

The financial statements have been prepared under the historical cost convention.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their 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.

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 and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Income tax recoverable on covenants and gift aid donations is recognised when the income is received. Grants and legacies to the PCC are accounted for when received.

Other ordinary income

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

Income from investments

Interest is accounted for when received. No provision is made for accrued interest.

Other ordinary incoming resources

Any amounts under this heading are accounted for when received.

Resources Used

Grants

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

Activities directly relating to the work of the church

The diocesan quota is accounted for when paid.

Parochial Church Council of St. Peter’s, Stockton on Tees

Notes to the Financial Statements

For the Year Ended 31 December 2020

1 Accounting Policies (continued)

Fixed Assets

Consecrated land and buildings

Consecrated and beneficed property is excluded from the accounts by section 10(2)(c) of the Charities Act 2011.

No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property.

All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over its estimated useful life. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are included at historical cost.

Current Assets

Amounts owing to the PCC at the year end in respect of fees, rents or other income are shown as debtors.

Cash at bank and in hand includes deposit accounts and short term deposits with CCLA Investment Management Limited on behalf of the CBF Church of England Funds or at the bank.

Reserves

The PCC has agreed to hold the equivalent of four months’ general running costs as a reserve. The distribution of surplus reserves is subject to agreement by the PCC during the course of the financial year.

Parochial Church Council of St. Peter’s, Stockton on Tees

Notes to the Financial Statements

For the Year Ended 31 December 2020

Unrestricted Funds £ 44,957 7,364 3,200	Restricted Funds £	Total 2020 £ 44,957 7,364 3,200	Total 2019 £ 45,994 13,556 8,299

55,521		55,521	67,849
4,177 1,432 222 95 250	1,500	4,177 1,432 222 95 250 1,500	9,472 11,642 694 375 870 455
6,176	1,500	7,676	23,508
12,616 802 4,093 869 522 1,600 286	120 600	12,616 802 4,093 869 522 1,600 120 600 286	4,234 3,457 5,100 1,051 3,280 2,159 744 4,682 3,256
20,788	720	21,508	27,963
604		604	1,307
83,089	2,220	85,309 120,627

Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2020

Unrestricted Funds £ 3,605	Restricted Funds £	Total 2020 £ 3,605	Total 2019 £ 1,379

71,669 2,162 2,248 2,111 7,987 44 56 13,511 408 632 173 2,978 250 160 2,752	481 962 991	71,669 2,162 2,248 2,111 7,987 44 56 13,992 408 632 173 2,978 250 962 991 160 2,752	68,256 4,256 6,192 3,587 1,000 432 759 25,375 2,517 280 598 3,930 2,192 1,562 1,757 2,053 854 5,204
107,141	2,434 109,575 130,804
85 10	85 83 10 1,425
95	95 1,508
1,055 1,137 218 18,600	1,055 1,377 1,137 891 218 414 1,200 19,800 16,588
21,010	1,200 22,210 19,270
131,851	3,634 135,485 152,961

Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2020

4 Staff costs

During the year the PCC employed an organist, a cleaner at All Saints and a Parish Administrator who were paid £2,248 (2019 £6,192); they are all members of the PCC. No other PCC members received any remuneration during the year.

5 Fixed assets for use by the PCC

The curate’s house at 55 Kensington Road, Stockton on Tees is included at historical cost. All Saints Church, Hartburn Village is also an asset of the PCC; however it has not historically been valued in the accounts.

Cost Depreciation at start of year Charge for year Depreciation at end of year Net book value	Curate’s House £ Sound System £ Organ £ 16,000 2,760 66,099
	0 1,656 22,899 0 552 2,200
	0 2,208 25,099
	16,000 552 41,000

6 Analysis of Net Assets by Fund

Fixed Assets Current Assets Total Liabilities	Unrestricted Funds £ Restricted Funds £ Total £ 57,552 57,552 99,274 26,959 126,233 (545) (545)
	156,281 26,959 183,240

Notes to the Financial Statements

For the Year Ended 31 December 2020

Parochial Church Council of St. Peter’s, Stockton on Tees

7 Fund Details

The restricted fund includes £1,203 in a maintenance fund; this contains monies raised for restoration and improvement work on the church. A grant was received from the Diocese of Durham to be used by the Play and Pray group – there is £633 remaining. £3,500 was donated in 2018 by Love Stockton for various projects of which only £1,234 has been spent leaving £2,266. £20,000 was donated specifically for the provision of kitchen facilities at St Peter’s. There are funds restricted to the provision of the holiday club amounting to £2,238. A grant of £500 was received to be used for work with young people which has not been used during the year. £120 was received for the Walsingham Youth Pilgrimage.

8 Reserves

The PCC recognises its obligation to use Reserve Funds in an appropriate manner and has therefore set a Reserves Policy (Note 1)

Schedule of Property Expenses for the Year Ended 31 December 2020

Water Rates Gas Electricity Insurance Maintenance Total 2019 Total	St. Peter’s £ All Saints £ 55 Ken Rd. £ 11 Lorne Ct. £ 2 Ovrtn Way £ 2020 Total £ 2019 Total £ 186 276 207 1,026 1,695 735 2,813 417 3,230 5,218 581 199 780 1,691 3,340 656 589 4,585 4,440 3,395 158 149 3,702 13,291
	10,315 1,706 738 207 1,026 13,992 25,375
	21,538 2,502 1,026 314 0 25,375

Parochial Church Council of St. Peter’s, Stockton on Tees

Schedule of Donations to Charity – Year Ended 31 December 2020

Christmas Collections NSPCC Save the Children Adoption Matters Children’s Society A Way Out Safe Families Mission to Seafarers Leprosy Mission The Moses Project The Shaw Trust DePaul UK Families First Less Cheque given to Bowesfield School previously and not presented	£ 26 26 26 27 105
	500 500 500 500 500 500 500 500 4,000
	(500) 3,605

ST PETER’S CHURCH CHOIR ACCOUNTS

There are two bank accounts in the name of St Peter’s Church Choir which are held and managed by the choirmen, for the benefit of the choir’s musical activities.

The current account did not receive a donation from the church in the 2020 financial year, due to the COVID-19 pandemic, as the choir did not perform for much of the year. The balance at 31 December 2020 was £793.58 (2019 £1,292.70).

The reserve account was set up to receive donations from local Charities and Trusts, to pay for young people to undertake singing engagements both in the United Kingdom and abroad, as part of the choir. It has enabled many choristers to take part in the highly successful educational/singing trips to Northern Europe. No monies from this account are ever used for the adult choirmen to travel, they fund their places on the trips from their personal monies. The balance at 31 December 2020 was £4,576.21 (2019 £4,572.64).