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2021-12-31-accounts

Page
Reference and Administrative
Details
Trustees' report 2-13
Independent
Examiner's		 Report 14
Statement ofFinancial Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Financial
Statements		 18-27
These pages do not form part ofthe statutory accounts:
Statement ofFinancial Activities by Fund 28
T he Parochial
C		 hurch Council ofthe Ecclesiastical Parish o fStPeter, Heswall
Reference and Administrative
Details
Trustees Clergy and Officers: The Revd Martin Cannam,
Rector
Captain Michael Barritt RN, Reader (Designated)
Mrs Jennie Hewitt, Reader (Designated)
The Revd Josh Carlson, Associate Rector
The Revd Dan Harris, Curate
Mr Clive Pleasance, Churchwarden
Mr David Rushworth,
Churchwarden		 and Deanery Synod Representative
Mr David Wetherell,
Deanery Synod		 Representative
Dr Christine Wetherell
PhD, Deanery		 Synod Representative
Mr Michael Donnan,
Hon. Treasurer
Secretary: Mrs Sarah Hall
Other Officers and Trustees: Mrs Lindsey Howe, Elected Council
Mrs Ruth Leach, Elected Council
Mrs Helen Page, Elected Council
Ms Sophia Nelson, Elected Council
Mr Noah Cambridge,
Elected Council
Miss Bethany Penn, Elected Council
Mrs Helen Mooney, Elected Council
Mrs Julie Draper, Elected Council
Mr Ray Frobisher, Elected Council
Mr Mark Elson, Elected Council
Ms Victoria Evans, Elected Council
Mr Graham Sherpa, Elected Council
Principal Office: The Parish Office
St Peter's Church
Village Road
Heswall
Wirral
CH60 ODZ
Charity Registration Number: 1135105
Bankers: Lloyds Bank
137Telegraph
Road, Heswall
Wirral
CH60 DAN
Independent Examiner: Hailwood
&Co
392-394 Hoylake Road, Moreton
Wirral
CH46 6DF

RISK STRATEGY FORRSK MANAGEMENT
Strategic
Lack of strategic direction —failure to react to Ensure
PCC
fully
aware
of
national		 and
national church and Diocesan strategy changes. Diocesan
strategy
through
Deanery		 and
Diocesan
Synod
representation,
reports		 and
discussion.
Ineffective governance. Maintain
an active and balanced
PCC, ensuring
it
is
dosely
involved
with
planning		 and
monitoring
activities and finances
Loss of key members of clergyor staff without Have
realistic
succession
planning,
suitable
suitable succession planning. notice periods and effective handovers.
Church Services
Dedine in congregation numbers. Maintain
quality
of hospitality,
worship,
(both
in church and online), teaching
and praying		 and
seek toattract new church attendees.
Dedine in quality of church services and/or Seek to maintain
high quality
clergy, preaching
occasional offices. staff
and
worship
and
prayer
offerings		 and
implement/continue
to
offer
welcoming
hospitality.
Continue
to
develop
online
facilities.
Failure to communicate effectively with Seek
to
improve
existing
communication
congregations channels
Safeguarding / Health &Safety
Safeguarding issue/allegation (young people Parish
Safeguarding
Policy.
OBS
checks		 on
and vulnerable adults). volunteer
recruitment,
safeguarding
training,
Parish
Safeguarding
Officer
in
place,		 PCC
advised of any safeguarding
issues reported		 to
Diocese.
Serious injury to adult or young person Policies
for
Parish
buildings
and
activities
attending, volunteer, contractor or member of classed
as
Parish
activities
including		 risk
staff. assessments,
regular
updates
to		 risk
assessments,
third party insurance.
Physical disaster (e.g.fire) Ensure
Fire
risk assessment
up to date,		 fire
extinguishers
regularly
checked,
effective
means of escape, recovery
planning
to ensure
continued
operation,
up
to date
insurance
covei'.

Legal
Failure to meet legal requirements: Parochial Develop
policies, procedures
and controls that
Church Councils (Powers) Measure 1956 and are
legally
compliant
and
document
these.
the Church Representation Rules, Charity Law, Review
effectiveness
of
these
regularly.
Employment Law, Health & Safety Regulations Insurance.
Serious personnel issues Best practice employment
policies/procedures.
Manage
employee
and
clergy
expectations.
Insurance cover. DBSchecks.
Financial
Poor
budgeting,		 loss of assets, unexpected Internal
controls
to protect
cash
and
other
liabilities. assets
and
to
prevent
unauthorised
commitments.
External
auditing
or checks.
Ensure these controls are in operation.
Poor management ofinvested assets Policy set by Finance Committee,
appointment
of
suitably
qualified
investment
managers
where
necessary.
Active
monitoring
and
market
comparison,
diverse
asset
allocation
where
appropriate.
Diocesan
management
of
endowment
funds.
Failure of Parish administration and financial Strengthen
IT
network
and
Parish
systems. administration/finance
system management.
Financial fraud Strict
controls
over
payments
require
all
payments
to be authorised
by the Rector, two
signatures
to
cheques
and
two
separate
authorisations
for electronic
payments.
Cash
receipts
from collections
should
be signed off
by Duty Warden and another.
Property / Premises
Inadequate investment in premises. Develop
rolling
programme
for maintenance
of
premises, effective Fabric Committee.
Issue
with		 third party hire or third party Ensure
Hire documentation
and controls are in
activities on church premises place.
Building Project
Inadequate management of Project Employ
qualified
and
competent
Project
Manager
The full amount for the project is not raised Ensure
tight
controls
over
budgeting
and
and/or
the		 project is started but runs out of spending
once building
is started.
Do not start
money before completion building
until certainty
of adequate
funding
to

complete the project sufficient that the building
can be used.
Keep the Parish and everyone
in
Heswall
and beyond
fully informed
of progress
towards
the target
by regular
and
extensive
communication.
The Builder ceases totrade/goes Ensure
watertight
contract
provides
for stage
bust/materially breaches contract payments
only on Project Manager's
certificate
that
specific
work
has
been
completed
or
specific materials
have been
delivered
to site
and are free of any
claim.
Ensure
contract
provides for termination
ofcontract on material
breach by the builder.
The Architect ceases to trade/goes bust/ Ensure
Building
Steering
Group
are kept
fully
materially breaches contract informed
of progress
on the build, to simplify
findin
another architect
Unforeseen costs Do as much research as possible beforehand
to
ensure
that there
are no surprises.
Do not
agree to any changes once the build has started
Injury to persons/damage to adjoining Ensure
builder
has
adequate
third
party
buildings/local disturbance insurance
(insist on seeing policy and checking
it) The builders
policy will only commence
once
he starts
on site - until then, we will be liable
for any public liability daims, so should take out
basic site insurance to cover us against this and
any gaps in the builder's
policy.
Covid 19
Physical congregation
fails		 to return to worship Maintain
quality of hospitality,
worship
(both in
in church church
and online),
teaching
and
praying
and
seek to attract new church attendees
Member ofdergy catches Covid 19 Continue
to
observe
any
regulatory
social
distancin
and hygiene conditions
Member ofphysical congregation catches Covid Continue
to
require
all
persons
present
at
19 church services to observe any regulatory
social
distancing
and hygiene conditions

Unrestricted Restricted Endowment Total Total
funds funds funds 2021 2020
Note
Income and endowments:
Donations and legacies 2 278,228 369,266 647,494 550,226
Charitable
activities		 3 46,918 3,750 50,668 36,713
Investment
income		 4 13,788 4,772 3,195 21,755 23,760
Totalincorne 338,934 377,788 3,195 719,917 610,699
Expenditure:
Charitable
activities		 5 328,905 66,429 395,334 275,279
Other 6 6,168 9,842 16,010 15,812
Total expenditure 335,073 76,271 411,344 291,091
Net income/(expenditure) 3,861 301,517 3,195 308,573 319,608
Gross transfers between funds 5,450 (5,450)
Other recognised gains/(losses) 5,800 9,877 15,677 5,995
Net movement
in funds		 15 15,111 301,517 7,622 324,250 325,603
Reconciliation offunds
Total funds brought
forward		 15 359,929 2,269,868 84,253 2,714,050 2,388,447
Total funds carried forward 15 375,040 2,571,385 91,875 3,038,300 2,714,050

2021 2020
Note f,
Fixed assets
Tangible assets 10 1,178,746 1,029,728
Investments 11 450,169 347,519
1,628,915 1,377,24'7
Current
assets
Debtors 12 34,388 28,877
Cash at bank and in hand 17 1,421,877 1,315,918
1,456,265 1,344,795
Creditors: Amounts falling due within one year 13 (46,8SO) (7,992)
Net current assets 1,409,385 1,336,803
Net assets 3,038,300 2,714,050
Funds ofthe charity:
Endowment
funds		 15 91,875 84,253
Restricted funds 15 2,571,385 2,269,868
Unrestricted
income		 funds
Unrestricted
funds		 15 375,040 359,929
Total funds 15 3,038,300 2,714,050

2021 2020
Note
Cash flows from operating activities
Net cash income 324,250 325,603
Adjustments
to cash flows from		 non-cash items
Depreciation 9,842 9,882
Revaluation ofinvestments (15,677) (5,995)
318,415 329,490
Working capital adjustments
(Increase)/decrease
in debtors		 12 (5,511) (700)
Increase/(decrease)
in creditors		 13 38,888 (75,117)
Decrease in provisions
Net cash flows from operating activities 351,792 253,673
Cash flows from investing
activities
Purchase oftangible fixed assets 10 (158,860) (88,008)
Sale oftangible fixed assets 10
Purchase ofinvestments 11 (163,398) (76,536)
Sale ofinvestments 11 76,425 2,650
Net cash flows from investing activities (245,833) (161,894)
Net increase in cash and cash equivalents 17 105,959 91,779
Cash and cash equivalents at I January 17 1,315,918 1,224,139
Cash and cash equivalents at 31 December 17 1,421,877 1,315,918
Reconciliation
ofnet cash flow to movement		 in net funds
Increase in cash 105,959 91,779
Net funds at I January 1,315,918 1,224,139
Net funds at 31 December 1,421,877 1,315,918

2 Income from donations and legacies
Unrestricted funds Restricted Total Total
Designated General funds 2021 2020
Donations
and legacies:
Appeals, donations and legacies 26,787 9,370 333,850 370,007 297,026
Gift aid reclaimed 46,805 35,416 82,221 60,254
Direct giving 195,266 195,266 192,946
26,787 251,441 369,266 647,494 550,226
3 Income from charitable activities
Unrestricted funds Restricted Total Total
General funds 2021 2020
Fees and sundries 22,428 22,428 20,787
Hall lettings 8,763 8,763 12,775
Insurance
claims		 15,727 15,727
Grants receivable 3,750 3,750
Magazines etc. 3,151
46,918 3,750 50,668 36,713
4 Investment
income
Unrestricted funds Restricted Endowment Total Total
General funds funds 2021 2020
Dividends,
interest and rent		 13,788 4,772 3,195 21,755 23,760
13,788 4,772 3,195 21,755 23,760

Expenditure
on cha		 ritabl e
activities		 e
activities
Unrestricted funds Restricted Endowment Total Total
General funds funds 2021 2020
Diocesan share 127,114 127,114 86,946
Clergy expenses 1,507 1,507 1,095
Rent and rates 19,326 19,326 14,221
Other property expenses 26,360 57,525 83,885 25,213
Uganda mission
Stafftraining
and support		 14,897 14,897 4,319
Stationery and postage 655 655 850
Telephone 1,440 1,440 1,461
Equipment
costs		 7,933 7,933 11,393
Insurance 10,570 10,570 10,888
Miscellaneous 467
Bank charges 324 1,710 2,034 3,107
ORice wages and salaries 27,976 27,976 29,187
Professional
fees
Water rates 6,539 6,539 5,086
Upkeep ofchurches 6,090 6,090 3,269
Upkeep ofchurchyard and walls 6,643 6,643 9,480
Halls running
costs		 7,705 7,705 9,599
Youth projects and parish resources 1,403 1,403 2,139
Youth and children's leader salaries 27,802 7,194 34,996 27,186
Other wages and salaries 10,499 10,499 14,036
St Peter's school costs 5,140 5,140 5,112
Grants paid 17,625 17,625 8,974
Sundry expenses 1,357 1,357 1,251
328,905 66,429 395,334 275,279

Analysis of governance governance and other costs
Unrestricted funds Restricted Total Total
General funds 2021 2020
Governance costs
Independent examination and accountancy fees:
Independent examination fees 1,081 1,081 1,039
Other accountancy fees 5,087 5,087 4,891
Overprovision in earlier year
6,168 6,168 5,930
Other costs
Depreciation 9,842 9,842 9,882
6,168 9,842 16,010 15,812
Trustees remuneration and expenses 2021 2020
The Charity made the following
transactions		 with Trustees:
Mileage and telephone
expenses		 1,840 1,134

Tangible fixed assets
Freehold Assets Fixtures
land and under fittings and
buildings construction equipment Total
Cost
At
1 January 2021		 904,308 149,353 66,768 1,120,429
Additions 158,860 158,860
Disposals
At 31 December 2021 904,308 308,213 66,768 1,279,289
Depreciation
At 1 January 2021 27,129 63,572 90,701
Charge for the year 9,043 799 9,842
Eliminated on disposals
At 31 December 2021 36,172 64,371 100,543
Net book value
At 31 December 2021 868,136 308,213 2,397 1,178,746
At 31 December 2020 877,179 149,353 3,196 1,029,728

Fixed asset investments
Listed Unlisted Total
Other investments
Cost or valuation
At 1 January 2021 122,519 225,000 347,519
Additions 23 163,375 163,398
Disposals (76,425) (76,425)
Revaluation 15,677 15,677
At 31 December 2021 138,219 311,950 450,169

12 Debtors
2021 2020
P repayments 2,040 2,119
Vat recoverable on works 11,505
Other debtors 20,843 26,758
34,388 28,877
13 Creditors: amounts dure within one year
2021 2020
Other taxation and social security 578
Accruals 46 880 7414
Deferred income
46,880 7,992

The total value offuture minimum lease payments was as follows:
Within one year
In two to five years

Funds
Other
Opening Incoming Resources recognised Closing
balance resources expended Transfers gains balance
Unrestricted
funds
General funds 150,909 312,147 (335,073) 5,450 5,800 139,233
Designated
funds		 209,020 26,787 235,807
Total unrestricted 359,929 338,934 (335,073) 5,450 5,800 375,040
Restricted funds
St Peter's Centre 759,202 (8,589) 750,613
The Lighthouse
Church		 1,269,115 341,867 (1,710) 1,609,272
Castle Drive 121,561 (1,253) 120,308
StPeteth Chuteh Restoration 20,550 15,921 (57,525) 30,000 8,946
Youth at Children's
Work		 99,440 20,000 (7,194) (30,000) 82,246
Total restricted 2,269,868 377,788 (76,271) 2,571,385
Endowment
funds
Permanent 84,253 3,195 (5,450) 9,877 91,875
Total funds 2,714,050 719,917 (411,344) 15,677 3,038,300

Unrestricted
funds		 Restricted Endowment Total Total
General funds funds 2021 2020
Tangible fixed assets 1,178,746 1,178,746 1,029,728
Fixed asset investments 283,294 75,000 91,875 450,169 347,519
Current assets 138,626 1,317,639 1,456,265 1,344,795
Current liabilities (46,880) (46,880) (7,992)
Total net assets 375,040 2,571,385 91,875 3,038,300 2,714,050
Analysis ofnet funds
As at Net cash As at
01/01/2021 inflow 31/12/2021
Cash at bank and in hand 1,315,918 105,959 1,421,877
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