St Peter's with St Owen and St James' Parochial Church Council
Report and Accounts
For The Year Ended
31 December 2021
Registered Charity Number 1133769
St Peter's with St Owen and St James' Parochial Church Council Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' Report | 1 |
| Statement of Trustees' responsibilities | 9 |
| Independent Examiner's report | 10 |
| Statement of Financial Activities | 12 |
| Income and Expenditure account | 13 |
| Statement of total recognised gains and losses | 13 |
| Movements in Accumulated Funds | 14 |
| Balance sheet | 15 |
| Notes to the accounts | 16 |
| Detailed Statement of Financial Activities | 24 |
St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
Introduction
The trustees present their annual report and financial statements for the year ended 31st December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as applied to small entities by section 1A of the standard) (effective 1 January 2015).
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st December 2021 and consider that the charity is in a position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil obligations.
Name, registered office and constitution of the charity
The full name of the charity is St Peter's with St Owen and St James' Parochial Church Council.
The legal registration details are :-
Date of formation 26 January 2010 The Principal Office is St Peter's and St James Parish Office, St Peter's Church, St Peter's Close, Hereford. HR1 2DL Charity Registration Number 1133769 The telephone number is (01432) 275373
Objectives and Activities of the Charity
Governing document.
Parochial Church Council Powers Measure (1956) as amended and church representation rules.
Public benefit that is provided by the charity
In drafting this report the trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
An explanation of the charity's main objectives for the year.
The PCC in co-operation with the Leadership Team has responsibility for promoting in the ecclesiastical parish the whole pastoral, evangelistic and ecumenical mission of the Church.
The PCC is the legal body constituted to take responsibility for the overall life of the church in the parish and in this regard it has been important that the PCC has been fully engaged in both regular review if progress and in forward-looking development planning. Throughout the year the Council has worked with the Leadership Team in ensuring that all aspects of the Church's work are reviewed and talked through.
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
Achievements and Performance of the Charity
A review of charitable activities undertaken by the charity
Church attendance
The Electoral Roll number returned to the Diocese in 2021 was 127 compared with a figure of 124 in the returns for 2020.
Review of the year
In some ways this year was a reversal of the previous, in 2020 we started the first three months with life as normal before that first lockdown when our lives changed. In 2021, we started the first three months in lockdown and then slowly had to come to terms with a new normal as we adjusted back.
In the first three months of 2021 much of what we did continued to be online, our services, weekly prayer times and a Lent course on prayer, with the pastoral care phone tree set up in 2020 continuing to prove invaluable to make sure people did not feel isolated or alone. The lockdown ended in time for Easter but with many restrictions on church activity it was a very different celebration as we were forced to sing outside.
A great deal of work was taking place behind the scenes as work continued on the SPSJ project to bring in the new staff team. In the summer we were joined by another curate and successful in appointing a Youth and Digital Lead and a Children and Families worker, unfortunately the later decided this was not the job for them and handed in their resignation. We were initially unsuccessful in appointing a Head of Operations, but after making some changes to the role and readvertising, we were able to fill this post later in the year. Our current curate had come to the end of their 3 year minimum training period and after applying for various posts was successful in being appointed head of children, youth and families at a large church in Croydon.
With the new team in place the project began to take shape , with a new office created in Church House for them. As restrictions on activity began to ease we were able to have a service with Bishop Richard to officially launch the project and we saw a new midweek service at St Peter’s aimed primarily at young adults called The Nave, Kintsugi Hope returning to St Peter’s on their latest tour along with 2 pilot courses of the wellbeing groups, and St Peter’s officially became a Talk Community Hub working with Herefordshire Council. Part of the project was also to enable St Peter’s to be open more during the week, a new stewarding rota was established and we benefited from the closure of the Shirehall opposite, with both the English Symphony Orchestra and the Hereford Symphony Orchestra holding concerts in the building.
During the year we also saw the return of other church activities such as Community Lunch, Messy Church, a Light Party for our families, Children’s groups on a Sunday, worship practices, and indoor carol services for Christmas. ctober also saw the faculty finally being submitted for the long awaited phase 1 reordering of St James Church.
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
The year also brought positive news for our two primary schools, with St Thomas Cantilupe being rated Good in all areas in their follow up Ofsted monitoring visit, and St James being rated Excellent by SIAMS under the new framework, something we had been told was very difficult to achieve.
Despite all of the positive things that happened in 2021, it was a tough year for many of us, mentally and physically, coping with the ever changing guidelines, recognising different levels of anxiety within the congregations, the need to form new teams of volunteers as things reopened, and adjust back to the demands of the old routine. Like in 2020, we again had to mourn the death of two much loved long term members of SPSJ in Wendy Rosser and Ellie Gregory, as well as saying goodbye to Andrew and Beryl Sellars as they moved to be nearer to family.
I am very grateful to everyone who has helped to get us through 2021, it has been a huge effort from so many people and as a church you have once again showed the resilience of faith to persevere in this time of trial. I am grateful to God for the provisions that we have seen and the position we find ourself in with new people having joined SPSJ and the secure financial position we find ourselves in at a time when many organisations are struggling. It sets us up well to respond to God’s call in 2022 as we all continue to emerge from the global pandemic.
Structure, Governance and Management
Nature of the Governing Document and constitution of the charity
St Peter's with St Owen and St James PCC is run in accordance with the Charities Act 2011, the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules.
The methods adopted for the recruitment and appointment of new trustees
The Trustees are also Members of the PCC and are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
PCC Membership
Members of the PCC during the year are detailed on pages 6 to 7 below.
The organisational structure of the charity and how decisions are made.
Committees
The PCC operates through a committee, which meets as required between full meetings of the PCC. This structure was reviewed in May 2018 and the committees below have operated since then.
Standing Committee
This is the only PCC committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the council.
Policies on reserves
It is the policy of the PCC to maintain sufficient reserves for the day-to-day running requirements. In addition to Unrestricted funds, Reserves Note 17 to the Accounts details the resources available held as Restricted Funds.
The investment policy and objectives.
Investments are held for the long-term and the PCC continue to monitor performance on a regular basis. The unrealised gain / (loss) on investment assets of £1,855 (2020: £2,045) represents an decrease in the market value in the year.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund .
Transactions and Financial position
The financial statements are set out on pages 12 to 27.
The Statement of Financial Activities show net income/(expenditure)for the year of a revenue nature of £7,450 (2020 £59,145).
The total reserves at the year end after accounting for unrealised gains/(losses) after revaluing investments of £38,598 (2020 £36,743), stand at £935,798 (2020 £926,493).
Details of legacies received are included in the notes to the accounts page 16.
Free unrestricted liquid reserves amounted to £51,094 (2020 £59,285). Further details of funds can be found in note 17 of the accounts.
Specific changes in fixed assets
Except for the acquisition of office furniture and equipment there have been no movements in fixed assets.
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
The name of the Chief Executive Officer and other senior staff member(s) to whom day to day management of the charity is delegated by the charity trustees.
Standing Committee
Rev. Andy Morgan (Vicar) Mr Andy Butterfill Mr Peter Strevens Mr Stephen Turner Mr Richard Paske Mr Simon Lind Mrs Tanya Brooks Mr Andrew Newton
PCC Members Rev Andy Morgan (Vicar) Rev Andy Dodwell (Associate Minister) Rev Elliot Swattridge (to Jan 2022) Rev Luke Aylen (from July 2021) Elected PCC Members St James' Mrs Mary Bennett Mrs Jenny Brooks Mrs Gill Holder Mr Simon Lind (Vice Chair) Dr Jenny Litchfield St Peter’s M rs anya roo T B k s Dr Donald Langford Mr Tim Simpson Mrs Rachel Loynes Dr Andy Butterfill
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
Treasurer
Mr Andy Butterfill Ex-officio PCC members
Deanery synod reps
Mr Guy Rawlinson Mr Geoff Loynes Churchwardens (also Ex Officio) St Peter's Mr Peter Strevens Mr Richard Paske St James' Mr Andrew Newton (appointed June 2021) Mr Stephen Turner
Deputy Church Wardens St Peter's
Mrs Tanya Brooks Mrs Brenda Lind Mrs Janet Strevens St James' None
Parish Administrators
Mrs Margaret Simpson PCC Secretary Mrs Margaret Simpson Children, Youth and Digital Lead Miss Heather Martin
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
The members of the Board of Trustees of the Charity during the year ended 31st December 2021 were :-
Rev A. Morgan Rev A. Dodwell Mrs T. Brooks Mr D. Clark (resigned June 2021) Mrs J. Brooks Mrs G. Holder Mr G. Rawlinson Mr P. Strevens Mr R. Paske Mr S. Turner Mr S. Lind
Rev L. Aylen (appointed July 2021) Rev E. Swattridge (to Jan 2022) Mrs M. Bennett Dr D. Langford Mr T. Simpson Ms R. Loynes Mr G. Loynes Dr J. Litchfield Dr A. Butterfill Mr A. Newton (appointed June 2021)
The members of the Board of Trustees of the Charity at the date the report and accounts were approved were:-
Rev A. Morgan Rev A. Dodwell Mrs T. Brooks Mr D. Clark (resigned June 2021) Mrs J. Brooks Mrs G. Holder Mr G. Rawlinson Mr P. Strevens Mr R. Paske Mr S. Turner Mr S. Lind
Rev L. Aylen (appointed July 2021) Mrs M. Bennett Dr D. Langford Mr T. Simpson Ms R. Loynes Mr G. Loynes Dr J. Litchfield Dr A. Butterfill Mr A. Newton (appointed June 2021)
Bankers
CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ
Independent Examiner
Gareth Vale Chartered Certified Accountant Ground Floor Offices Bastion Mews Union Street Hereford HR1 2BT
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St Peter's with St Owen and St James' Parochial Church Council
The report of the trustees for the year ended 31 December 2021
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 o the incoming resources and application of resources, including income and expenditure, of the charity for that period. In preparing these financial statements,
the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Report 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.
This report was approved by the board of trustees on 15 May 2022.
Rev. A. Morgan Trustee
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St Peter's with St Owen and St James' Parochial Church Council Independent Examiner's Report to the trustees of the charity
Report of the Independent Examiner to the trustees
on the accounts of the Charity for the year ended 31 December 2021
I report on the accounts of St Peter's with St Owen and St James' Parochial Church Council, charity number 1133769, for the year ended 31 December 2021, which are set out on pages 12 to 27.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required i n an au di t, an d consequent y no op n on s g ven as to w l i i i i h et h er t h e accounts present a true an ‘ d f a r i ’ view and the report is limited to those matters set out in the statement below.
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Independent Examiner's Statement, report and opinion
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
In connection with my examination, no matter has come to my attention
The Examiner's relevant professional qualification or body: Chartered Certified Accountant
Gareth Vale Chartered Certified Accountant Ground Floor Offices Bastion Mews Union Street Hereford HR1 2BT
The date upon which my opinion is expressed is :-
15 May 2022
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St Peter's with St Owen and St James' Parochial Church Council Statement of Financial Activities for the year ended 31 December 2021
| Notes Income and endowments from: Voluntary Income Activities for generating funds Investment Income Incoming resources from charitable activities Total income Costs of generating funds Costs of generating voluntary income Costs of charitable activities Governance costs Total expenses Net income before transfers between funds Transfers between funds Net income before Other recognised gains and losses Other recognised gains and losses Gains on revaluation of fixed assets for charity's own use Gains on investment assets Net income Reconciliation of funds Total funds brought forward Total Funds carried forward |
Unrestricted Restricted Total Last Year Funds Funds Funds Total Funds 2021 2021 2021 2020 £ £ £ £ 106,855 45,109 151,964 217,763 - - - - 278 814 1,092 1,651 18,830 - 18,830 17,449 125,963 45,923 171,886 236,888 424 - 424 894 113,662 49,940 163,602 176,439 410 - 410 410 114,496 49,940 164,436 177,743 11,467 (4,017) 7,450 59,145 (19,658) 19,658 - - (8,191) 15,641 7,450 59,145 - - - 169,505 2,879 (1,024) 1,855 2,045 (5,312) 14,617 9,305 230,695 501,098 425,395 926,493 695,798 495,786 440,012 935,798 926,493 |
|---|---|
All activities derive from continuing operations
The notes on pages 16 to 23 form an integral part of these accounts.
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St Peter's with St Owen and St James' Parochial Church Council Statement of Financial Activities for the year ended 31 December 2021
Income and Expenditure Account for the year ended 31 December 2021
| 2021 £ Turnover 170,794 Direct costs of turnover 164,026 Gross surplus 6,768 Governance costs 410 Operating surplus 6,358 Interest receivable 1,092 Surplus on ordinary activities before tax 7,450 Surplus for the financial year 7,450 Retained surplus for the financial year 7,450 All activities derive from continuing operations The notes on pages 16 to 23 form an integral part of these accounts. |
2020 £ 235,237 177,333 57,904 410 57,494 1,651 59,145 59,145 59,145 |
|---|---|
| Statement of Total Recognised Gains and Losses for the year ended 31 December 2021 Excess of Expenditure over income before realisation of assets Profit per Profit and Loss account Unrealised Gains on investments Gains on revaluation of fixed assets for charity's own use Net Movement in funds before taxation |
2021 2020 7,450 59,145 7,450 59,145 1,855 2,045 - 169,505 9,305 230,695 |
|---|---|
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St Peter's with St Owen and St James' Parochial Church Council Statement of Financial Activities for the year ended 31 December 2021
Movements in revenue and capital funds for the year ended 31 December 2021
| Revenue accumulated funds | **Unrestricted ** | Restricted | Total | Last year | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Accumulated funds brought forward | 501,098 | 240,960 | 742,058 | 680,868 | |
| Recognised gains and losses before transfers | 14,346 | (4,017) | 10,329 | 230,695 | |
| Transfers between restricted and unrestricted funds | 515,444 (19,658) |
236,943 19,658 |
752,387 - |
911,563 - |
|
| Closing revenue accumulated funds | 495,786 | 256,601 | 752,387 | 911,563 | |
| The notes on pages 16 to 23 form an integral part of these | accounts. | ||||
| Revaluation Reserve Fund | **Unrestricted ** | Restricted | Total | Last year | |
| At 1 January | Funds 2021 £ - |
Funds 2021 £ 169,505 |
Funds 2021 £ 169,505 |
Total Funds 2020 £ - |
|
| At 31 December | - | 169,505 | 169,505 | - | |
| Summary of funds | **Designated ** | **Unrestricted ** | Restricted | Total | Last Year |
| Funds | Funds | Funds | Funds | Total Funds | |
| 2021 | 2021 | 2021 | 2021 | 2020 | |
| Revenue accumulated funds | - | 495,786 | 256,601 | 752,387 | 911,563 |
| Endowment funds | - | - | 13,906 | 13,906 | 14,930 |
| Total funds | - | 495,786 | 440,012 | 935,798 | 926,493 |
The notes on pages 16 to 23 form an integral part of these accounts.
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St Peter's with St Owen and St James' Parochial Church Council Balance Sheet
as at 31 December 2021
| Notes 2021 £ The assets and liabilities of the charity : Fixed assets Tangible assets 11 589,505 Investments 12 38,598 Total fixed assets 628,103 Current assets Debtors 13 16,396 Cash at bank and in hand 296,957 Total current assets 313,353 Creditors:- amounts due within one year 14 (5,658) Net current assets 307,695 Total assets less current liabilities 935,798 Net assets including pension asset / liability 935,798 The funds of the charity : Unrestricted income funds Unrestricted revenue accumulated funds 495,786 D i t d f d es gna e revenue un s - Unrestricted capital funds Designated fixed asset funds - Total unrestricted funds 495,786 Restricted income funds Restricted revenue accumulated funds 256,601 Restricted capital funds Restricted revaluation reserve 169,505 Total restricted funds 426,106 Endowment funds 13,906 Total charity funds 935,798 |
2020 £ 589,505 36,743 626,248 14,560 289,452 304,012 (3,767) 300,245 926,493 926,493 501,098 - - 501,098 240,960 169,505 410,465 14,930 926,493 |
|---|---|
Rev. A. Morgan Trustee Approved by the board of trustees on 15 May 2022
The notes on pages 16 to 23 form an integral part of these accounts.
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St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts for the year ended 31 December 2021
1 Accounting policies
Basis of preparation of the accounts
The accounts have been prepared under the historical cost accounting convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as applied to small entities by section 1A of the standard) (effective 1 January 2015) and the Charities Act 2011 and applicable regulations, except for investments which are stated at market value.
The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. With respect to the next reporting period, 2020-21, the most significant area of uncertainty which affects the carrying value of assets held by the Charity is the level of investment return and the performance of investment markets (see the investment policy and performance and risk management sections of the Trustees annual report for more information.)
Accounting convention
The financial statements are prepared,on a going concern basis, under the historical cost convention except for investments and certain properties which have been included at market and insurance valuation respectively.
Incoming Resources
Incoming resources are accounted for on a receivable basis
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.
Rental income from letting of the church properties is recognised when the rental is due.
Investment Income
Bank interest and dividend income is included on an actual receipts basis.
Recognition of liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting (revised June 2008), issued by the Charity Commissioners for England & Wales
Resources Expended
Grants
Grants and donations are accounted for when paid over in accordance with any specific terms
Activities directly relating to the work of the Church
The parish share is accounted for when payable. Any share unpaid at 31 December would be provided for in these accounts as an operational (though not legal) liability and would be shown as a creditor in the balance sheet.
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St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts for the year ended 31 December 2021
Unrealised and realised gains
Unrealised gains and losses are computed by reference to the market value of the investments at the balance sheet date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments are netted off.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value.
Inalienable assets
No value is placed on the 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 moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and seperately disclosed.
Investments held by the charity
Investments are stated at market value at the balance sheet date and unrealised gains and losses are shown on the Statement of Financial Activities.
Fixed assets and depreciation
Consecrated and beneficial property is excluded from the accounts by Section 10(2)(a) of the Charities Act 2011.
Depreciation
No provision for depreciation of tangible fixed asset properties have been made.
FRS 15 requires that all non-investment properties are to be depreciated over their anticipated useful lives. However the tangible fixed asset properties are not depreciated because their useful lives are considered by the trustees to be well in excess of 100 years and any depreciation charge would be immaterial. To depreciate would not add to the true and fair view presented in the accounts. An annual review is carried out to ensure that this is still the case.
Taxation
As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the charity , and is therefore included in the relevant costs in the Statement of Financial Activities.
Funds structure policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions placed upon them.
Accounting for Legacies
Entitlement is taken at the earlier of the date at which the estate is finalised or when a distribution is received from the estate. During the year the charity received legacies to the value of £30,029, these funds have allocated to the Ministry Development fund in accordance as per the benefactors wishes.
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St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts for the year ended 31 December 2021
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
| 3 | Surplus for the financial year | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| This is stated after crediting :- | |||
| Revenue Turnover from ordinary activities | 170,794 | 235,237 | |
| and after charging:- | |||
| Independent Examiner's Fees | 410 | 410 |
- 4 Statement that no expenses were paid to trustees or connected persons
No expenses were paid to trustees or persons connected with them.
5 Detailed analysis of certain transactions required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005 and revised June 2008)
Various items which are required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (revised June 2008) to be disclosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities and its appendices on pages 24 to 27 which should be read together with these notes.
6 Material legacies that have been notified but not included in the Statement of Financial Activities
No material legacies have been notified.
| 7 | Investment Income | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Bank interest and dividend income received | 1,092 | 1,651 |
8 Analysis of grants payable in furtherance of the charity's objects
An analysis of grants by activity is included in the detailed schedule to the Statement of Financial Activities.
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St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts
for the year ended 31 December 2021
| 9 | Staff Costs and Emoluments | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Gross Salaries | 1,760 | 2,876 | |
| Numbers of full time employees or full time equivalents | 2021 | 2020 | |
| Engaged on charitable activities | 1 | 3 | |
| There were no fees or other remuneration paid to the trustees | |||
| There were no employees with emoluments in excess of £60,000 per annum |
10 Trustees' Remuneration
Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year.
11 Tangible functional fixed assets
| Freehold Land and buildings Leasehold Land and Buildings £ £ Asset cost, valuation or revalued amount At 1 January 2021 589,505 - At 31 December 2021 589,505 - Net book value At 31 December 2021 589,505 - At 31 December 2020 589,505 - Freehold land at valuation included above not depreciated Church House Close House 61 Lichfield Avenue, Hereford 54.48% share |
Plant, Machiner y & Vehicles £ - - - - 2021 £ 340,000 80,000 169,505 589,505 |
Total £ 589,505 589,505 589,505 589,505 420,000 2020 £ 340,000 80,000 169,505 589,505 |
|---|---|---|
No depreciation has been charged on the properties as their useful lives are considered by the Trustees to be well in excess of 100 years and that any depreciation charge would be immaterial.
All assets are used for direct charitable purposes and there are no inalienable or heritage assets
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St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts for the year ended 31 December 2021
Close House was originally included in the accounts at £10 but was valued in 2006 at £80,000 by Watkins and Thomas LLP, Estate Agents. Church House was also valued at £340,000 again by Watkins and Thomas LLP, Estate Agents. The Trustees have not updated the valuation because they are not aware of any material change in value.
During the previous year the charity were informed by the Herefordshire Diocesan Board of Finance that it's 54.48% interest in a property, 61 Lichfield Avenue, Hereford, had not been correctly recorded by them in there records as such the charity were unaware of it. As such the charity has restated the accounts to include the property at the valuation as provided by the Herefordshire Diocesan Board of Finance.
12 Fixed Asset Investments
| Valuation Market value at 1 January 2021 Net unrealised gain/(loss) on revaluation of investments Market value at 31 December 2021 Cash held by investment advisors Total Investments including cash Total Investments including cash Analysis of investments between UK Investment assets in the UK Investment assets outside the UK Total market value Investment assets in the UK Investment assets outside the UK Total market value |
Property Listed Unlisted 2021 Investments Investments Investments Total £ £ £ £ - 36,743 - 36,743 - 1,855 - 1,855 - 38,598 - 38,598 - At 31 December 2021 38,598 At 1 January 2021 36,743 investments and investments outside the UK Property Listed Unlisted 2021 Investments Investments Investments Total - 38,598 - 38,598 - - - - - 38,598 - 38,598 Property Listed Unlisted 2020 Investments Investments Investments Total - 36,743 - 36,743 - - - - - 36,743 - 36,743 |
|---|---|
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St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts for the year ended 31 December 2021
Listed Investments include the following material items :-
| Security | Type of share | Holding | Market | Market | |
|---|---|---|---|---|---|
| Value | Value | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| CBC Church of England Investment | |||||
| Fund Income Shares | Ordinary | 648 | 15,163 | 13,276 | |
| CBC Church of England Fixed Interest | |||||
| Securities Fund Income Shares | Ordinary | 8,802 | 13,906 | 14,930 | |
| COIF Charities Investment Fund | |||||
| Income Shares | Ordinary | 464 | 9,529 | 8,537 | |
| 38,598 | 36,743 | ||||
| The total listed portfolio is :- | |||||
| As detailed above | Market Value 2021 £ 38,598 |
Market Value 2020 £ 36,743 |
|||
| Total market value | 38,598 | 36,743 | |||
| **13 ** | Debtors | 2021 | 2020 | ||
| Trade debtors | £ 2,934 |
£ 7,797 |
|||
| Prepaid expenses | 11,517 | 6,763 | |||
| 16,396 | 14,560 | ||||
| Amounts due after more than one year included in the total above are analysed as:- | |||||
| **14 ** | Creditors: amounts falling due within one year | 2021 | 2020 | ||
| Trade creditors | £ 5,248 |
£ 3,357 |
|||
| Accrued expenses and other creditors | 410 | 410 | |||
| 5,658 | 3,767 | ||||
| **15 ** | Related party transactions | ||||
| No transaction with related parties, disclosable under the FRS 102 and the Charities Act 2011, were | |||||
| entered into during the year or previous | year. | ||||
| **16 ** | Analysis of the Net Movement in Funds | 2021 | 2020 | ||
| Net movement in funds from Statement | of Financial Activities | £ 7,450 |
£ 59,145 |
||
| Net movement in funds available for future activities | 7,450 | 59,145 |
20
St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts
for the year ended 31 December 2021
| 17 Particulars of Individual Funds and analysis of assets and liabilities At 31 December 2021 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 420,000 - Investments at valuation Fixed asset investments 24,692 - Current Assets 56,752 - Current Liabilities (5,658) - 495,786 - £ £ At 1 January 2021 Unrestricted Designated funds funds Tangible Fixed Assets 420,000 - Investments at valuation Fixed asset investments 21,813 - Current Assets 63,052 - Current Liabilities (3,767) - 501,098 - The individual funds included above are :- Funds at Movements 2020 in Funds as below Unrestricted Funds £ £ General Unrestricted Funds 501,098 7,841 Church House and Close House Lettings - 6,505 Restricted Funds St Peter's Building Fund 14,332 392 St James' Building Fund 125,075 11,592 St Peter's Fabric Fund - (16,641) St James' Fabric Fund 122 (3,139) Church Wardens Expenses 509 245 Expendable Endowment Fund 14,930 (1,024) Restricted Capital Fund 169,505 - Night shelter 14,017 (4,077) Ministry Development Fund 36,682 4,838 Rwanda Fund 159 1,875 Youthworker Fund 48,093 345 Sundry other funds 1,971 1,047 926,493 9,305 |
representing funds Restricted Total funds Funds £ £ 169,505 589,505 13,906 38,598 256,601 313,353 - (5,658) 440,012 935,798 £ £ Restricted Total funds Funds 169,505 589,505 14,930 36,743 240,960 304,012 - (3,767) 425,395 926,493 Transfers Funds at Between 2021 funds £ £ (19,658) 489,281 - 6,505 - 14,724 - 136,667 16,641 - 3,017 - - 754 - 13,906 169,505 - 9,940 - 41,520 - 2,034 - 48,438 - 3,018 - 935,798 |
|---|---|
21
St Peter's with St Owen and St James' Parochial Church Council Notes to the Accounts for the year ended 31 December 2021
Analysis of movements in funds as shown in the table above
| Unrestricted Funds General Unrestricted Funds Church House and Close House Lettings Restricted Funds St Peter's Building Fund St James' Building Fund St Peter's Fabric Fund St James' Fabric Fund St James' Organ Fund Church Wardens Expenses Expendable Endowment Fund Restricted Capital Fund Night shelter Homeless Fund Ministry Development Fund HTF Rwanda Fund Youthworker Fund Sundry other funds |
Incoming Resources £ 109,994 15,969 392 14,209 - 177 - 245 - - 250 - 23,498 3,875 345 2,932 171,886 |
Outgoing Resources £ 105,032 9,464 - 2,617 16,641 3,316 494 - - - 4,327 18,660 2,000 - 1,885 164,436 |
Gains & Losses £ 2,879 - - - - - - (1,024) - - - - - - - 1,855 |
Movement in funds £ 7,841 6,505 392 11,592 (16,641) (3,139) (494) 245 (1,024) - (4,077) - 4,838 - 1,875 345 1,047 9,305 |
|---|---|---|---|---|
22
St Peter's with St Owen and St James' Parochial Church Council Schedule to the Statement of Financial Activities for the year ended 31 December 2021
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 and revised in June 2008.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| **Unrestricted ** | Restricted | Total | Prior Period | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Incoming Resources | ||||
| Incoming Resources from generated funds | ||||
| Voluntary Income | ||||
| Non government and non public bodies | ||||
| Incoming resources of a revenue nature - grants, donations and legacies | ||||
| Legacies receivable | - | 30,029 | 30,029 | 13,413 |
| Envelopes and Gift Aid | 8,300 | 1,485 | 9,785 | 76,732 |
| Loose collections at all services | 6,970 | 1,290 | 8,260 | 4,296 |
| Income tax recoverable | 17,578 | 1,162 | 18,740 | 24,032 |
| Donations, appeals, etc | 71,794 | 5,890 | 77,684 | 87,825 |
| Grants | - | 2,199 | 2,199 | 10,000 |
| Other income | 2,213 | 3,054 | 5,267 | 1,465 |
| Total | 106,855 | 45,109 | 151,964 | 217,763 |
| Total Grants,Legacies & Donations Received | 106,855 | 45,109 | 151,964 | 217,763 |
| Total Voluntary Income | 106,855 | 45,109 | 151,964 | 217,763 |
| Activities for generating funds | ||||
| Fundraising activities | - | - | - | - |
| Total of activities for generating funds | - | - | - | - |
| Investment Income | ||||
| Bank interest and dividend income received | 278 | 814 | 1,092 | 1,651 |
| Total Investment Income | 278 | 814 | 1,092 | 1,651 |
| Incoming resources from charitable activities | ||||
| Letting of non investment property for charitable purposes | 15,969 | - | 15,969 | 15,878 |
| Parochial fees | 2,861 | - | 2,861 | 1,571 |
| Charitable activities | 18,830 | - | 18,830 | 17,449 |
| Total Incoming Resources | 125,963 | 45,923 | 171,886 | 236,863 |
| Gains on investment assets | ||||
| Unrealised Gains on investments | 2,879 | (1,024) | 1,855 | 2,045 |
| 2,879 | (1,024) | 1,855 | 2,045 |
23
St Peter's with St Owen and St James' Parochial Church Council Schedule to the Statement of Financial Activities for the year ended 31 December 2021
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 and revised in June 2008.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| Costs of generating funds Costs of generating voluntary income Cost of fundraising activities Total costs of generating voluntary income Charitable expenditure Management and administration costs in support of charitable activities General administrative expenses: Stationery and printing Equipment expenses Office running costs Other administration costs Advertising and PR Bank charges |
Unrestricted Restricted Total Prior Period Funds Funds Funds Total Funds 2021 2021 2021 2020 £ £ £ £ 424 - 424 894 424 - 424 894 424 - 424 894 276 - 276 298 - 2,923 2,923 - 5,796 - 5,796 2,441 - - - 437 - 510 510 - 159 - 159 60 6,231 3,433 9,664 3,236 |
|---|---|
24
St Peter's with St Owen and St James' Parochial Church Council Schedule to the Statement of Financial Activities for the year ended 31 December 2021
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 and revised in June 2008.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| Other support costs Ministry: Diocesan Parish Share Clergy Expenses Church running Church maintenance Church insurance Youth and other work Church House and Close House expenses Organist and music Parochial fees and organist fees paid over St James' Organ fund Ministry Development Fund Night shelter Other restricted costs Total Support costs Grantmaking to achieve the objects of the charity Grants paid including Gift Aid payments Grants paid as shown in the detailed schedule Total Expended on Charitable Activities |
Unrestricted Restricted Total Prior Period Funds Funds Funds Total Funds 2021 2021 2021 2020 £ £ £ £ 63,000 - 63,000 60,000 3,047 - 3,047 896 14,667 - 14,667 12,818 908 22,574 23,482 11,628 11,193 - 11,193 11,669 737 - 737 862 9,464 - 9,464 34,409 1,975 - 1,975 1,970 1,440 - 1,440 897 - 494 494 - - 15,227 15,227 - - 4,327 4,327 29,222 - 3,885 3,885 2,967 106,431 46,507 152,938 167,338 112,662 49,940 162,602 170,574 1,000 - 1,000 5,865 113,662 49,940 163,602 176,439 |
|---|---|
25
St Peter's with St Owen and St James' Parochial Church Council Schedule to the Statement of Financial Activities for the year ended 31 December 2021
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 and revised in June 2008.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| **Unrestricted ** | Restricted | Total | Prior Period | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Governance costs that are not direct management functions inherent in generating | ||||
| funds, service delivery and programme or project work | ||||
| Specific governance costs | ||||
| Independent Examiner's Fees | 410 | - | 410 | 410 |
| Total governance costs | 410 | - | 410 | 410 |
| A Detailed schedule of grants paid to achieve the objects of the | charity | |||
| Missionary and charitable giving | 2021 £ |
2020 £ |
||
| Other grants | 1,000 | - | 1,000 | 5,865 |
| Total Institutional grants | 1,000 | - | 1,000 | 5,865 |
| Total of all grants paid | 1,000 | - | 1,000 | 5,865 |
| Analysis of transfers between funds | ||||
| Transfer to/(from) unrestricted to be analysed further | (19,658) | - | (19,658) | (1,958) |
| Transfer to/(from) restricted to be analysed further | - | 19,658 | 19,658 | 1,958 |
| 19,658 - |
19,658 | - | - |
Where applicable transfers are made from the unrestricted funds to restricted funds at the year end to clear any deficits that have arisen.
26