2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Stockton-On-Tees St Peter

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

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 2021

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 2021

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 2021 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 2021

Unrestricted Funds £ 51,444 8,861 17,953 53	Restricted Funds £ 36,386 800	Total 2020 £ 55,521 7,676 21,508 604

78,311	37,186 115,497	85.309
56 101,599 49 2,559	56 3,605 4,418 106,017 109,575 49 95 13,260 15,819 22,210
104,263	17,678 121,941 135,485

(25,952) 156,281	19,508 (6,444) (50,176) 26,959 183,240 233,416
130,329	46,467 176,796 183,240

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

Balance Sheet As At 31[st] December 2021

£ 16,000 38,800	2021 54,800 122,832	£ 16,552 41,000	2020 57,552 126,233
372 2,036 120,424		114 2,219 123,900

	177,632 (836)		183,785 (545)
	176,796		183,240
	130,329 46,467		156,281 26,959
	176,796		183,240

Approved by the PCC on and signed on their behalf by the Chairman, R Hicks

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

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

Notes to the Financial Statements

For the Year Ended 31 December 2021

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 2021

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

Unrestricted Funds £ 41,555 6,570 3,319	Restricted Funds £	Total 2021 £ Total 2020 £ 41,555 44,957 6,570 7,364 3,319 3,200

51,444		51,444 55,521
3,523 4,652 362 324	21,120 15,266	3,523 4,177 25,772 1,432 362 222 324 95 250 15,266 1,500
8,861	36,386	45,247 7,676
8,421 384 6,022 69 390 250 2,417	800	8,421 12,616 384 802 6,022 4,093 69 869 390 522 1,600 250 120 800 600 2,417 286
17,953	800	18,753 21,508
53		53 604
78,311	37,186	115,497 85,309

Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2021

Unrestricted Funds £ 56	Restricted Funds £	Total 2021 £ 56	Total 2020 £ 3,605

73,461 2,809 1,708 2,567 5,208 2,005 10,413 460 216 2,752	400 311 1,441 890 1,376	73,461 2,809 1,708 2,567 5,208 400 311 2,005 11,854 460 216 890 1,376 2,752	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
101,599	4,418 106,017 109,575
49	85 49 10
49	49 95
1,002 1,385 172	1,002 1,055 1,385 1,137 172 218 13,260 13,260 19,800
2,559	13,260 15,819 22,210
104,263	17,678 121,941 135,485

Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2021

4 Staff costs

During the year the PCC employed an organist, a cleaner at All Saints and a Parish Administrator who were paid £1,708 (2020 £2,248); 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 2,208 25,099 0 552 2,200
	0 2,760 27,299
	16,000 0 38,800

6 Analysis of Net Assets by Fund

Fixed Assets Current Assets Total Liabilities	Unrestricted Funds £ Restricted Funds £ Total £ 54,800 54,800 76,365 46,467 122,832 (836) (836)
	130,329 46,467 176,796

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

Notes to the Financial Statements

For the Year Ended 31 December 2021

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 £2,124 has been spent leaving £1,376. £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 £1,362. A grant of £500 was received in 2020 to be used for work with young people of which £311 has been used leaving £189. £120 was received in 2020 for the Walsingham Youth Pilgrimage and remains unused. Grants have been received for the Wayforward Project totalling £13,466 and fundraising has successfully raised £20,720 specifically for the project.

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 2021

St. Peter’s £ All Saints £ 203 90 2,983 138 1,097 104 3,349 672 1,967 84	55 Ken Rd. £ 412 321	Vicarage £ 306	Curates House £ 2021 Total £ 2020 Total £ 128 727 1,695 3,121 3,230 1,201 780 4,433 4,585 2,372 3,702
9,599 1,088	733	306	128 11,854 13,992
			1,026 13,992
10,315 1,706	738	207

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

Schedule of Donations to Charity – Year Ended 31 December 2021

Christmas Collections Children’s Society	£ 56 56
	56

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 choir received a generous bequest from Mrs Ann Finney. Pieces of Eight closed their bank accounts and donated the sum of £2,691.53 to the choir. The current account balance at 31 December 2021 was £3,595.43 (2020 £793.58).

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 2021 was £4,576.65 (2020 £4,576.21).