## **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
2
## **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
1. 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
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed ___________________________________
Date
3
## **Parochial Church Council of St. Peter’s, Stockton on Tees**
## **Statement of Financial Activities**
## **For the Year Ended 31 December 2021**
|**Incoming Resources**
**(Note 2)**
Incoming resources from donors
Other voluntary incoming resources
Income from charitable and ancillary
trading
Income from investments
Total Incoming Resources
**Resources Used (Note 3)**
Grants
Activities directly relating to the work of
the church
Fund raising & publicity
Church management & administration
Total Resources used
Net incoming/(outgoing) resources
Balances brought forward at 1 January
2021
**Balances carried forward at 31**
**December 2021**||Unrestricted
Funds
£
51,444
8,861
17,953
53|Unrestricted
Funds
£
51,444
8,861
17,953
53|Restricted
Funds
£
36,386
800|Restricted
Funds
£
36,386
800|Total
2021
£
51,444
45,247
18,753
53|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|||
4
## **Parochial Church Council of St. Peter’s, Stockton on Tees**
## **Balance Sheet As At 31[st] December 2021**
|**FIXED ASSETS**
Tangible fixed assets
Organ
**CURRENT ASSETS**
Stock
Prepayments
Cash at Bank
**LIABILITIES – amounts falling due within**
**one year**
Accruals
**TOTAL NET ASSETS**
**FUNDS**
Unrestricted
Restricted
Prepared by
Sue Mines
Treasurer to the PCC|Notes
5
|£
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
...............................................................
5
## **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.
6
## **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.
7
## **Parochial Church Council of St. Peter’s, Stockton on Tees**
## **Notes to the Financial Statements**
|**For the Year Ended 31 December 2021**
**2 Incoming Resources**
**Incoming resources from donors**
Planned giving
Income tax recovered
Collections
**Other voluntary incoming resources**
Autumn Fete & fundraising
Donations & bequests
Tuesday Working Party
Toddler Praise
Cafe Church
Grants
**Income from charitable and ancillary trading**
Fees
All Saints rent
Curates house rent
Magazine income
Traidcraft
Shepherds Dene
Walsingham Pilgrimage
Walsingham Youth Pilgrimage
Holiday Club
Other income
**Income from investments**
Interest received
**Total Incoming Resources**||Unrestricted
Funds
£
41,555
6,570
3,319|Unrestricted
Funds
£
41,555
6,570
3,319|Restricted
Funds
£|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|
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## **Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2021**
|**3 Resources Used**
**Grants**
Charities
**Activities directly relating to the work of**
**the church**
Diocesan quota
Clergy expenses
Staff wages
Church services & books
Fees
Choir
Youth
Sundry expenses
Property expenses
Magazine costs
Traidcraft
Mission
Shepherds Dene
Walsingham Pilgrimage
Walsingham Youth Pilgrimage
ESOL Cafe
Holiday Club
Messy Church
Depreciation
**Fund raising & publicity**
Stewardship
Fundraising
**Church management & administration**
Postage & stationery
Telephone
Bank charges
Professional fees
**Total resources used**||Unrestricted
Funds
£
56|Unrestricted
Funds
£
56|Restricted
Funds
£|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|||
9
**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**|
10
## **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**
|Water Rates
Gas
Electricity
Insurance
Maintenance
Total
2020 Total|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||
11
## **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).
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