## ## ## ||||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| ||'|||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |o
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