**Registered Charity Number: 1146048**
## **St Peter's Parochial Church Council, Prestbury**
**Annual Report**
**and Financial Statements**
**Year Ended 31 December 2023**
**Registered Charity Number: 1146048**
## **St Peter's Parochial Church Council, Prestbury**
## **Financial Statements Year Ended 31 December 2023**
## **Contents**
||Page No.|
|---|---|
|Charity Reference and Administrative Details|2|
|Trustees' Annual Report|3-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities (Including Income and Expenditure Account)|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8-12|
Page 1
**Registered Charity Number: 1146048**
## **St Peter's Parochial Church Council, Prestbury Charity Reference and Administrative Details Year Ended 31 December 2023**
|Charity registration number:|1134136||
|---|---|---|
|Trustees:|Rev Patrick Angier|Vicar (ex officio)|
||Rev Avril Ravencroft||
||Rev Steve Murphy||
||Mrs Lynda Saunders|Churchwarden|
||Mr Clive Hammond|Churchwarden|
||Mrs Alison Syner|Churchwarden|
||Mrs Susan Coley|Churchwarden|
||Mrs Anne Stirling|Pastoral Worker|
||Mr Arthur Bell||
||Mr Chris Sealy||
||Mrs Sheila Andrews|Chair|
||Mrs Win Macdonald||
||Mr Stephen Saunders|Treasurer|
||Miss Janet Gallagher||
||Mrs Jo-Ann Chambers||
||Mrs Alison Ratcliffe||
||Mr Mike Waters||
||Mrs Jeanette Jenkins|Secretary|
|Parish Office:|St Peters Room||
||St Peters's Church||
||Macclesfield||
||Cheshire||
||SK10 4DG||
|Independent Examiner:|Bright Partnership Limited||
||1 Park Street||
||Macclesfield||
||Cheshire||
||SK11 6SR||
|Bankers:|NatWest Bank||
||2 Chestergate||
||Macclesfield||
||Cheshire||
||SK11 6BS||
Page 2
**Registered Charity Number: 1146048**
## **St Peter's Parochial Church, Prestbury Trustees' Annual Report Year Ended 31 December 2023**
## **Introduction**
The Parochial Church Council (PCC) of the Parish of St Peter Prestbury presents its Annual Report and Accounts for the year ended 31 December 2023. The members of the PCC are the trustees of the charity.
## **Structure and Governance**
The PCC ia a body corporate established by the Church of England and operates under the Parochial Church Council Powers Measure, and is registered with the Charity Commission. The appointment of PCC members is governed and set out in the Church Representation Rules 2004.
The PCC meets monthly with a Lay Chair, Secretary, Treasurer and all 4 church wardens supporting the Incumbent and his Ministry Team. Where necessary, a Standing Committee composed of the Incumbant Lay Chair, Treasurer, Pastoral Worker and 2 church wardens will meet at various times during the year.
## **Objectives and Activities**
The primary purpose of the PCC is to promote the Christian faith throughout the Parish and to provide effective spiritual guidance and pastoring to parishioners. The PCC has an established mission statement which reads "We seek to live out the love of God in all we do by making Jesus known, building Jesus' kingdom and bringing hope to a broken world".
## **Outline of Activities**
In pursuance of the above objective, there is a comprehensive range of Sunday church services at St Peter's and St John's, together with a mid-week service at St Peter's, and a Pram service each fortnight at St Peter's. Supplementing these services is a wide variety of additional activities, some of which are:
Young Church Breakfast Church Wild Church Bible Study Mother's Union Home Communion Lent Courses and Meetings School Worship
The Ministry Team, in addition to leading the above activities lead and co-ordinate Pastoral Care across the Parish. Communicating all of the above and other activity and church news falls to the Communications Hub, who maintain the website and engage widely across the Parish through the monthly newsletter, issued to anyone who registers with the Parish Office.
In March 2023, Steve Murphy was licenced as an Associate Minister at a service led by our Bishop, and is a valuable Ministry Team member performing duties across the Parish.
Significant work has also been undertaken by key individuals throughout 2023 in the gaining of Faculties and development of plans for St John's extension and upgrade of facilities. These works will be completed in the early part of 2024 and will represent a major enhancement to St John's.
Work has also begun on a Monastic Garden feature to the churchyard at St Peter's. This work will also complete in 2024, and be an enhancement for the village.
Page 3
**Registered Charity Number: 1146048**
## **St Peter's Parochial Church, Prestbury Trustees' Annual Report Year Ended 31 December 2023**
## **Outline of Activities (continued)**
The PCC and Ministry Team are supported by a huge number of volunteers who contribute to the above and provide expertise, energy and enthusiasm through further activities, some of them being:
Choir Worship Band St John's Coffee Shop Social Justice Hub Welcome Meals/Lunches for new congregation members Social events Holy Dusters Fabric and Building Team Community events,such as the Coronation Celebration and the Summer and Christmas Vilage Fairs.
St Peter's is also heavily involved in the leadership and resoucing of a food bank operation in the Upton estate of the Parish.
## **Review of Activities**
The PCC and Ministry Team have been very successful in promoting the Christian faith through all of the above events and activities, and there were 8 candidates for confirmation into the Church of England, at a service led by our Bishop in November 2023.
The Food Pantry at Upton Priory regularly provides help to over 100 local families, and constant feedback from visitors at Upton, is that the help received in providing some of the basic necessities of life is particularly welcome and in some cases a lifeline.
Church attendance at services has suffered as a consequence of covid, but a further measure of success is that congregation numbers at St John's and St Peter's are now increasing again, from an average of 117 with 12 children in October 2022 to 128 with 17 children in October 2023. Also, through the streaming of services, parishioners who are no longer able to attend church can enjoy services and receive spiritual guidance at home.
## **Financial Review**
The PCC is now able to report a very healthy financial position with in excess of 3 years expenditure covered by free reserves. This is due to the receipt of a legacy totalling £613165.18 in June 2023, which meant that an operating surplus of £533,651 was achieved.
The financial situation has therefore been transformed, and the PCC has taken a cautious approach to the investment of the legacy, all of which is held in an extremely low risk investment held with CCLA in the Church of England Deposit Fund. The use of the legacy going forward will be under the full governance of the PCC.
The PCC also receives the benefit of income from a number of trusts held with CCLA within COIF Managed Trusts, however the PCC does not exercise any management function, nor does it have access to the capital of these trusts and therefore has no investment policy to declare in relation to these trusts.
## **Approved by the PCC on 29th February 2024 and signed on their behalf by Rev Patrick Angier, Chair of the PCC.**
Page 4
**Registered Charity Number: 1146048**
## **Independent Examiner's Report to St Peter's Parochial Church, Prestbury Year Ended 31 December 2023**
I report on the accounts for the year ended 31 December 2023 which are set out on pages 8 to 19.
## **Respective responsibilities of the PCC and the examiner**
The PCC is 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 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
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 you concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **Independent Examiner's statement**
In the course of my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act 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.
Neil Kennington FCA Bright Partnership Limited Chartered Accountants
1 Park Street Macclesfield Cheshire SK11 6SR
29 February 2024
Page 5
**Registered Charity Number: 1146048**
## **St Peter's Parochial Church, Prestbury Statement of Financial Activities Year Ended 31 December 2023**
|**Note**
**Income from:**
Donations and legacies
**2**
Charitable activities
**3**
Other trading activities
**4**
Investments
**5**
**Total income**
**Expenditure on:**
Charitable activities
**6**
Church Development Fund
**7**
**Total expenditure**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward at 1 January 2023
**Total funds carried forward at 31 December 2023**|Unrestricted
Funds
Restricted
Funds
**31 December**
**2023**
£
£
**£**
**TOTAL**|
|---|---|
||753,451
-
**753,451**
41,191
-
**41,191**
2,586
-
**2,586**
12,819
673
**13,492**|
||810,047
673
**810,720**|
||248,129
-
**248,129**
1,300
27,640
**28,940**|
||249,429
27,640
**277,069**|
|||
||560,618
(26,967)
**533,651**|
|||
||560,618
(26,967)
**533,651**
78,490
40,060
**118,550**|
||639,108
13,093
**652,201**|
The notes on pages 9 to 13 form part of these accounts
Page 6
**Registered Charity Number: 1146048**
## **FUNDS**
31 December 2022
£
135,704 53,255 3,871 1,580 194,410
216,799 450 217,249
(22,839)
(22,839) 95,711
118,550
Page 6
**Registered Charity Number: 1146048**
## **St Peter's Parochial Church, Prestbury Balance Sheet Year Ended 31 December 2023**
|**Note**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Stock
Prepayments and accrued income
**12**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**Net current assets**
**Net assets**
**Charity Funds**
Restricted
**14**
Unrestricted
**14**
**Total charity funds**|Unrestricted
Funds
Restricted
Funds
**2023**
2022
£
£
**£**
£
**TOTAL FUNDS**|
|---|---|
||5,239
-
**5,239**
34,794|
||5,239
-
**5,239**
34,794|
||150
-
**150**
150
12,550
-
**12,550**
-
633,570
13,093
**646,663**
83,606|
||646,270
13,093
**659,363**
83,756
(12,401)
-
**(12,401)**
-|
||633,869
13,093
**646,962**
83,756|
||639,108
13,093
**652,201**
118,550|
||-
13,093
**13,093**
40,060
639,108
-
**639,108**
78,490|
||639,108
13,093
**652,201**
118,550|
The financial statements were approved and authorised for issue by the PCC on 29 February 2024
Signed on behalf of the board of trustees:
The notes on pages 11 to 19 form part of these accounts
Page 7
**Registered Charity Number: 1146048**
## **St Peters Parochial Church Council, Prestbury**
## **Notes to the financial Statements for the year ended 31 December 2023**
## **1. Accounting Policies**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reoprting Standard applicable in the UK and Republic of Ireland (FRS 102) effetive on 1 January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Fund accounting**
Restricted funds represent donations and legacies received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment,interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be used for PCC ordinary purposes.
## **Incoming resources**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income has been met, it is probable that the income will be received and the amount can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which neither: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the distribution executors to the Trust that a distribution will be made, or when a distribution is received from the estate. Dividends and interest on funds held on deposit are included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. All incoming resources are accounted for gross.
## **Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading:
Expenditure on charitable activities - which comprises those costs incurred by the charity in the delivery of its activities and services for its beneficaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them, and is accounted for gross.
## **Fixed Assets**
Consecrated and benefice property is not included in the accounts in accordance with Section 10 of the Charities Act 2011. Other property is included in the accounts at cost.
Other assets are depreciated on a straight line basis over a 4 year period with no depreciation in the year of acquisition and a full year's depreciation in the year of disposal.
## **Basis of Preparation**
The St Peter's Parochial Church Council has overall responsibility for both thr Parish Church of St Peter Prestbury and St John's Church Adlington. Financial Statements are prepared on a consolidated basis.
Page 8
**Registered Charity Number: 1146048**
## **St Peters Parochial Church Council, Prestbury**
## **Notes to the Financial Statements (cont.) Year Ended 31 December 2023**
|**2.**
**Income from donations and legacies**
Planned giving
Cash on plate
Tax reclaims on donations and gifts
Legacies and donations
Church of Resurrection contribution
**3.**
**Income from charitable activities**
Wedding and funeral fees
Coffee shop and refreshments
Social events
3rd party collections
**4.**
**Income from other trading activities**
Rental and other income
**5.**
**Income from investments**
Interest
Dividends|Unrestricted
Restricted
**2023**
2022
£
£
**£**
£
88,982
-
**88,982**
88,106
15,213
-
**15,213**
13,438
24,090
-
**24,090**
19,956
623,366
-
**623,366**
7,004
1,800
-
**1,800**
7,200|
|---|---|
||753,451
-
**753,451**
135,704|
||29,528
-
**29,528**
46,900
4,693
-
**4,693**
4,910
990
-
**990**
1,445
5,980
-
**5,980**
-|
||41,191
-
**41,191**
53,255|
||2,586
-
**2,586**
3,871|
||2,586
-
**2,586**
3,871|
||11,647
673
**12,320**
342
1,172
-
**1,172**
1,238|
||12,819
673
**13,492**
1,580|
Page 9
**Registered Charity Number: 1146048**
## **The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield Notes to the Financial Statements (cont.) Year Ended 31 December 2023**
||||Unrestricted|Restricted|**2023**|2022|
|---|---|---|---|---|---|---|
||||£|£|**£**|£|
|**6.**|**Charitable activities**||||||
||_a_|_Ministry_|||||
|||Diocesan quota|78,591|-|**78,591**|76,302|
|||Other ministry costs|12,165|-|**12,165**|16,170|
|||Wages and salaries|28,631|-|**28,631**|35,911|
|||Choirs and bellringers|3,212|-|**3,212**|9,732|
|||_St Peters_|||||
|||Maintenance|3,010|-|**3,010**|976|
|||Running costs|27,720|-|**27,720**|23,017|
|||Services and other expenses|1,856|-|**1,856**|1,270|
|||Churchyard Upkeep|8,810|-|**8,810**|13,396|
|||Depreciation|29,555|-|**29,555**|-|
|||_St Johns Adlington_|||||
|||Maintenance|11,958|-|**11,958**|418|
|||Running costs|1,557|-|**1,557**|1,412|
|||Fixtures and Fittings|1,325|-|**1,325**|7,401|
|||Services and other expenses|2,439|-|**2,439**|1,005|
|||_Church of the Resurrection_|||||
|||Running costs|-|-|**-**|164|
|||Charitable giving|5,878|-|**5,878**|1,750|
|||3rd party collections|5,980|-|**5,980**|5,493|
||||222,687|-|**222,687**|194,417|
||_b_|_Premises_|||||
|||Vicarage Running Costs|5,381|-|**5,381**|5,859|
|||Upton Priory Running Costs|-|-|**-**|2,128|
||||5,381|-|**5,381**|7,987|
||_c_|_Administration and support_|||||
|||Administration|6,559|-|**6,559**|7,034|
|||Governance|2,910|-|**2,910**|750|
|||Legal and Consultancy fees|5,961|-|**5,961**|1,848|
|||Fundraising costs|64|-|**64**|600|
|||Printing & Stationery|1,035|-|**1,035**|772|
|||Office Equipment and IT|2,616|-|**2,616**|2,530|
|||Other|916|-|**916**|861|
||||20,061|-|**20,061**|14,395|
||||||||
||Total charitable activities||248,129|-|**248,129**|216,799|
|**7.**|**Expenditure on Church Development**||**Project**||||
|||Monastic Garden|-|25,290|**25,290**|450|
|||Hearse House Repairs|-|2,350|**2,350**|-|
|||Gate|1,300|-|**1,300**|-|
||||1,300|27,640|**28,940**|450|
Page 10
**Registered Charity Number: 1146048**
## **St Peters Parochial Church Council, Prestbury**
## **Notes to the Financial Statements (cont.) Year Ended 31 December 2023**
## **8. Trustee information**
No trustees receive expenses for their role as a trustee. However, all verifiable expenditure, paid on behalf of St Peters Prestbury, is reimbursed to those individuals.
## **9. Staff information**
There are two part-time members of staff (2022 - three). The total remuneration, including emplo contributions, amounted to £28,631 (2022 - £35,911).
In August 2016 the PCC adopted the NEST auto-enrolment defined contribution pension scheme Employee contributions are recorded in the SoFA and have been remitted in accordance with the
|**10. Fixed Assets**
Cost as at 1 January 2023
Additions during the year
Cost as at 31 December 2023
Depreciation as at 1 January 2023
Depreciation for the year
Depreciation as at 31 December 2023
NBV as at 31 December 2023|**Church**
**Development**
**Equipment**
**2023**
**£**
**£**
**£**
25,088
22,000
**47,088**
-
-
**-**|
|---|---|
||25,088
22,000
**47,088**|
||-
12,294
**12,294**
25,088
4,467
**29,555**|
||25,088
16,761
**41,849**|
||-
5,239
**5,239**|
Page 11
**Registered Charity Number: 1146048**
d by individuals
oyer pension
e. Employer and e regulations.
## 2022
£ 34,794 - 34,794 12,294 - 12,294 34,794
Page 11
**Registered Charity Number: 1146048**
## **St Peters Parochial Church Council, Prestbury**
## **Notes to the Financial Statements (cont.) Year Ended 31 December 2023**
## **11. Investments**
The PCC enjoys the benefit of income from 13 Trusts managed by COIF Charities Ethical Investment Fund Inc. The PCC does not exercise any management function over those Trusts nor of the Fund and does not have access to the investment units, nor powers to dispose of. Therefore these units are not recorded in the balalnce sheet.
|**12. Prepayments and accrued income**
Interest receivable
Insurance
**13. Creditors: amounts falling due within one year**
Wedding deposits for 2024
Assigned fees
St Peters Running costs
Printing and stationery
Donation - Charitable Giving
Vicarage Running Costs
Governance costs
Creditors and accruals|Unrestricted
Restricted
**2023**
2022
£
£
**£**
£|
|---|---|
||7,681
-
**7,681**
-
4,869
-
**4,869**
-|
||12,550
-
**12,550**
-|
||1,110
-
**1,110**
-
542
-
**542**
-
1,958
-
**1,958**
-
137
-
**137**
-
3,994
-
**3,994**
-
2,560
-
**2,560**
-
2,100
-
**2,100**
-|
||12,401
-
**12,401**
-|
|**Fund details**
**_Restricted Funds_**
John Swallow Legacy
Walter Morley Legacy
**Total Restricted Funds**
**_Unrestricted Funds_**
St Peter's - General Fund
St Peter's - Development Fund
**Total Unrestricted Funds**
**Total Funds**|January
**December**
2023
**Income**
**Expenditure**
**2023**
£
**£**
**£**
**£**
37,267
673
(27,640)
**10,300**
2,793
-
-
**2,793**|
|---|---|
||40,060
673
(27,640)
**13,093**|
||73,680
804,615
(249,429)
**628,866**
4,810
5,432
-
**10,242**|
||78,490
810,047
(249,429)
**639,108**|
|||
||**118,550**
**810,720**
**(277,069)**
**652,201**|
**14 Fund details**
Page 12