ST PETER’S CHURCH, HAMMERSMITH
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ANNUAL REVIEW & REPORT 2023
St Peter’s Church is a Registered Charity No: 1135462
The Annual Report contains informal reports from the various church groups, regarding events and activities that took place in 2023. It is to be read in conjunction with St Peter’s Financial Statement and examined accounts for the year 2023.
The document is available in printed form and on St Peter’s website: www.stpetersw6.org
St Peter’s Church Parish Office Black Lion Lane, W6 9BE. 020 8741 4848 or office@stpetersw6.org
Office hours: Mon, Tues & Fri 9.30am-2.30pm
Vicar: The Rev’d Dr Charles Clapham Churchwardens: Simon Brooke & Caroline Langton
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Vicar’s Report
When I have been asked in different contexts over the years to describe my vision for St Peter’s, I have often talked about a church which aspires to be a generous, inclusive, all-age community . Each element of this seems to me important, and is part of our ongoing work and development as a church.
With regard to generosity , this is not primarily about encouraging giving to the church, as important and needed as this is! Instead, what particularly impresses me is the way in which so many people in St Peter’s give generously of their time, talents and resources, to help those in need: serving as trustees, governors, and volunteers in charitable and educational projects; giving their professional expertise on a pro bono basis; offering generous support to the Glass Door, Upper Room, Hammersmith and Fulham Foodbank, Combat Stress, the British Legion, and other charities. In 2023, I was especially encouraged by the extent to which the St Peter’s community rallied round the launch of Sunday Suppers – a new initiative detailed later in this annual report – which has already made a huge difference in the lives of many local people in need. It exemplifies the spirit of generosity that St Peter’s shows at its best, and makes me extremely proud to be a part of this community.
In terms of inclusion , we aspire to be a church where all are welcome and can find a place – rich and poor, black and white, straight and gay, the devout and the sceptical. This kind of inclusion continues to be a challenge in an age in which communities are increasingly diverse and fragmented. In practical ways, we see it in the constant tension in terms of how we pitch our worship and our social events, for example - wanting to make worship and teaching accessible for all but without dumbing down, and balancing the fundraising element to our social events with our desire to ensure that those on low incomes can still participate. These are not easy judgments to make, but being aware of the challenges involved in being truly inclusive is always a good start, and I want to pay particular tribute to the hard-working social events committee for how they navigate these complex issues!
St Peter’s is also a church which aspires to be genuinely all age – welcoming and catering for young and old alike. Again, this is not an easy balance to strike. The 9 am Family Worship service continued to grow over the course of 2023, and the total number of children and families
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attending St Peter’s has undoubtedly increased over the last 2 years or so as result. But provision for children at the 10.30 am service of Holy Communion has struggled over the year, and there is sometimes a danger of two increasingly separate worshipping communities developing; we will need to continue to find ways to bring all ages together successfully – without losing either young or old! We also continue to have significant gaps in our demographic profile amongst teenagers, and those in their 20s and early 30s. We were particularly sorry to lose Lulu Crutchley, our energetic and committed children’s worker, at Easter in 2023. Lulu served the church fantastically over the years; and it is a comment on her exceptional record that it took almost a year to replace her.
But it is the community aspect of St Peter’s that people repeatedly comment on, when I ask them what drew them to the church and what keeps them here. In a mobile and fragmented society, an open and inclusive community in which you can build friendships and relationships is invaluable - a genuine contribution to the common good. Almost every Sunday at St Peter’s, I find myself talking to someone who is relatively new to the area, and is coming to the church for the first time, either because they have come across our website or passed by the building, or (increasingly) because they have been recommended to here by a friend or neighbour. I want to pay tribute to stewards and all those in our community who go out of
their way to identify newcomers, talk to them, and make them feel welcome; as well as to those who continue to offer kindness, care, and gentle pastoral support to long-standing and vulnerable members of the community.
We – and I – do not always get it right. For the many times we’ve failed, I am sorry. But we are trying! To be a generous, inclusive, all age community is a worthy and challenging aspiration for St Peter’s Church as we look ahead. As our former Children’s Worker Lulu Crutchley used to say to me regularly when we were reviewing and debriefing after another event: “onwards and upwards, Charles!” It is a good motto for us all!
Revd Charles Clapham
Churchwardens’ Report & Fabric Report
Energy – Gas and electricity prices had soared at the beginning of 2023 and the very reasonable fixed rate tariff the church had been on was set to
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expire. With Lucy’s eye for detail and nose for a deal we managed to secure a new package with British Gas which was less horrendous than we had predicted. It still meant a very large uplift in costs. To address this issue all the gas heaters in the main body of the church were turned off or down, and the timer was adjusted to a shorter programme. The Beanstalk were asked to pay extra towards the uplift and to harness as much energy as they could in the Parish Rooms. We are grateful to them for their full cooperation.
Sustainable Energy – In February 2023 two recommended firms were approached by the church to look at the feasibility of installing solar panels on the south facing part of the main roof. After visits and surveys we were told that whilst there was some scope for installing solar panels, it would come with not much overall cost benefit. Because of the protected sightlines of our Grade II* building, the siting of the panels would be limited to the lower portion of the roofscape behind the parapet. It was calculated that the number of panels permitted would never generate enough power to heat the church particularly in the winter.
Meanwhile, because the slates are unique to the roof the attachment of the panels appeared to pose a significant risk to the roof structure. After discussion with the architect it was concluded that the potential damage and repair costs involved far outweighed the very limited returns. The PCC is committed to exploring other ways of reducing St Peter’s carbon footprint and is aiming to become carbon neutral by 2030. Air source and ground source heating are two options under investigation.
Water damage and downpipes – A year after the downpipes project was complete all the damp ingress at the north and southwest corners of the building had completely dried out. In September a reputable firm of local decorators came in and repaired the damage under the guidance of our architect. The new rainwater goods are working well, and we now have a new group of roof volunteers who go up to check the hoppers and gutters on a regular basis.
– Stonework inspection The PCC agreed in 2022 that high level inspections of the masonry should take place at least every two years to ensure that any degradation to the stonework is monitored and addressed. This was scheduled in for April 2024 as part of the quinquennial report process.
Screen housing and new projector – A faculty was granted for this in November 2023 and the work was completed in February 2024. Two small new speakers were installed at the west end and hopefully this has enhanced the sound quality.
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– Archive Thanks to the redoubtable Follett Balch a fantastic new shelving system has been installed in the lower part of the bell tower. All the many ring binder files on many projects from across the years will be safely stored there and will provide a great archival resource for the next generation of St Peter’s fabric guardians.
– The dishwasher broke But is now fixed!
Technically 2024, but worth mentioning…There was a great turn out for the Freshers’ Fair in February . Members of the congregation who are currently involved in activities ranging from flowers and coffee to intercessions and Talkback chatted to other people, especially regular attenders of the 9 o’clock Family Service, about what they do and why they do it. It was lovely to see so many people signing up for all the activities that keep our church alive and busy.
We also talked about church finances as part of the drive to persuade more of the congregation to become Planned Givers. There was plenty of interest and these conversations, we believe, will provide a strong foundation for future campaigns. We’re continuing to remind everyone attending that we need to consolidate our reserves to keep our church on a firm financial footing.
As your wardens it continues to be an enormous pleasure to laugh, work and play alongside Charles, Lucy and Leslie. Our thanks go to the PCC too for being so receptive to the requests for help in keeping our Grade II* listed building in as good shape as we can. There are some exciting ideas ahead and we will need your help in making them come to pass. A big thank you to everyone from us both. St Peter’s is without doubt the best church in the world!
Simon Brooke and Caroline Langton
Music
We had another wonderful musical year in 2023, thanks to our ever loyal and dedicated choir members. The confirmation service in April and the celebration of the King’s coronation in May were two particularly joyous occasions, the former supported by our great friend Simon Sturgeon-Clegg on the trumpet, and the latter involving another excellent performance of Handel’s
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“Zadok the Priest”, bringing back memories of the Queen’s Platinum Jubilee the previous year.
Rioghnach and I felt so loved by you all at our wedding at the end of May, which was such a special occasion for both of us. Our choir was joined by some of our singing friends from London and Dorset, conducted by David Beeby (one of my predecessors at St. Peter’s, Bournemouth) and with organ playing from Sean Tucker (who first introduced me to the organ at the age of 9). Our thanks go to you all for all that you did for us and gave to us on that day, especially Charles for officiating, Caroline Illingworth and her team for the flowers, and Bridget Stevenson for stewarding. There will be an online link to photos as soon as possible!
Your collective understanding and support was so helpful when I announced in November that we would be leaving St. Peter’s at Easter 2024, and I was so pleased to be able to celebrate Christmas and Easter with you all once more. Our carol service was another fine occasion, including the return of the brass quintet and of Rio’s carol “Its Brightness Knowing”, and I really enjoyed experiencing Palm Sunday with you all for the first time this year (it had always previously clashed with a Bournemouth Symphony Chorus concert!).
Our choral scholars, Aaron, Casey, Isabel, Jessica and Key, who sang with us between September and Easter, did so with enthusiasm and without fuss, and I hope the relationship with West London Free School and their Director of Music, Ed Watkins, will continue next September. We have also been so fortunate to have Tom Law singing tenor with us these past few months.
Further thanks are due to Eleri for her wonderful singing, Lucy for her excellent administrative support, the churchwardens and all who help at services each week. Rio and I wish you well in appointing a new Director of Music; I know that the successful candidate will count themselves very lucky to work with you all. All our thanks, love and best wishes.
Sam Hanson, Director of Music
St Peter’s Church of England Primary School
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St Peter’s is a single form entry school, with up to 30 pupils in each of the seven different year groups from Reception to Year 6. The school was ranked ‘outstanding’ by Ofsted in 2017 and retained this ranking following a two day Ofsted inspection in 2023. Of
the current pupils, 23% (48 children) speak English as an additional language. The proportion of children identified as having a special educational need or disability is 15% (31 children). 11% of the pupils (23 children) are on the Pupil Premium register.
The school continues to be oversubscribed, with more than five applicants for every Reception place. There is a waiting list for most other classes. There are twelve governors, many of whom are regular worshippers at St Peter’s church. I am in my fifth and final year as Chair. Charles is currently Deputy Chair.
The school and the church have a close relationship. Charles leads a weekly whole school collective worship session and is helping the school to prepare for the next SIAMS (Statutory Inspection of Anglican and Methodist Schools) visit, which will examine how the school is meeting the requirements of the new SIAMS framework. Last year the school adopted as its Bible verse Matthew 5:16: “Let your light shine before others, so they see your good works and give glory to God.” The school’s six values are perseverance, kindness, respect, courage, thankfulness and service.
In addition to academic work, the school offers a wide variety of enrichment opportunities, some of which are provided in conjunction with local independent schools. 31% of the pupils learn an individual musical instrument. Other optional school clubs include a variety of sports plus drama, street dance, chess, Lego, mathletics, computing and French (Spanish is taught in school).
Finance remains the dominant issue, with income decreasing, expenditure increasing, and the budget pared to the bone. The school and the governors are extremely grateful to the PTA, led by Charlotte Reed, and its fundraising activities, which make an enormous difference .
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Further information can be found on www.stpetersce.lbhf.sch.uk
Vicky (Russell) Lawrence, Chair of the Governing Body governors@stpetersce.lbhf.sch.uk
Events
Every year we aim to put on a selection of events designed to appeal to different age groups.
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The year began with Burns Night in January which is always extremely popular, well attended, and terrific fun for all ages. In March there was another family event, a Bingo Evening and in April a Wine Tasting at the Vicarage was sold out!
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Back by popular demand we held another Safari Supper in June. It’s such a lovely way of getting to know fellow churchgoers better and forging friendships. The Leigh-Woods’ Open Garden Day was in May and they again generously allowed us to serve tea and cakes in their glorious garden and keep the proceeds for St Peter’s.
We had a good turnout for the St Peter’s Day Lunch and Teddy Bears’ Picnic at the beginning of July with a barbecue and cold buffet and games and activities for the children. Finally, at the end of September about 50 of us gathered
in the body of the church for a splendid Harvest Supper, the donations from it being split between the Upper Room and Glass Door.
We have just run a questionnaire asking which events you like the best and what other things you would like us to put on, so we hope to build on this in 2024. My deepest thanks as ever to my fellow committee members who so cheerfully give their time and work hard behind the scenes to make these events happen.
Caroline Illingworth
Hammersmith and Fulham Deanery Synod
The parishes in the Hammersmith and Fulham Deanery Synod take turns to host meetings and put a lot of effort (and generous refreshment spreads) into making the evenings convivial relaxed occasions. Meetings start with an introduction to the host parish by the Vicar and focus each time on a main topic. In the last year we heard about, and exchanged experiences about:
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‘Encounter Christ’: Personal stories and testimonies of the experience of God’s grace in an individual’s life.
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‘Love your Neighbour’: showing how churches can play a part in the revitalisation of the Hammersmith and Fulham community.
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‘Creating a safer Church’: what does a safe environment look like in reality, promoting a culture that is safe?
Whatever the focus, the meetings are welcoming and interesting, informative and sometimes very moving. Michael Illingworth gives a great deal of time to be the Financial Officer of the Synod and he too welcomes
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this opportunity to remind the St Peter’s PCC and congregation that they are more than welcome to attend any meeting. In fact, it would be very nice to see some of you! Please get in touch with me if you are interested.
Marie-Pierre Moine
Talkback
Talkback is a monthly prayer and discussion group that is led by the members themselves. We discuss a certain topic each month from conditional/unconditional love to trust to temptation. We look at verses from the bible and then have discussion about it. We then are led in prayer.
It is truly relaxing and provokes much thought around our subjects. It is a place where any opinion is welcomed and not judged in any way.
Recently we’ve discussed God as mother and father, our favourite pieces of religious music, the connection between Christianity and Buddhism and forgiveness.
New members are always welcome.
Talkback Team
Sunday Suppers
Founded in autumn 2023, Sunday Suppers serves people who are homeless or experiencing food poverty with a nutritious free hot meal every Sunday evening. It takes place at Rivercourt Methodist Church in King Street, W6 and is a joint project between Rivercourt and St Peter’s church, which provides many of the volunteers.
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We work in partnership with City Harvest London, from whom we obtain much of the food we need free of charge. We are also supported by LBH&F, who gave us a grant as part of their ‘Welcome Spaces’ initiative, and by many generous private individuals who have given us financial donations and gifts of good quality clothing for our guests.
Since we opened in November, we have served over 1,000 meals. We regularly feed between 50 and 55 guests every Sunday evening. Guests travel from as far as Islington to come to us as there is no free food provision open in their area on Sundays and they will otherwise have nothing to eat.
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Our youngest guest is aged 14 and comes with her mother; they live in a hostel.
The project will take a break over the summer and start up again in the autumn. During the break, we are going to assess the viability of running Sunday Suppers all year round and/or possibly extending it to other areas of London. If you are interested in volunteering or otherwise supporting Sunday Suppers, please contact Vicky on 07939 083466.
Victoria (Russell) Lawrence, co-founder and manager of Sunday Suppers
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ADDITIONAL INFORMATION REQUIRED BY THE CHARITIES COMMISION AND THE DIOCESE OF LONDON:
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INTRODUCTION
St Peter’s is part of the Church of England, following a central, inclusive, Anglican tradition. It is a parish church in the Diocese of London. The church was built in 1827-1829, the architect being Edward Lapidge, and it complements the Regency houses in St Peter’s Square and Black Lion Lane. The parish is bordered by the River Thames on the south side, Goldhawk Road on the western and northern sides and parts of Ravenscourt Road and Furnival Gardens on the eastern side. The Parish is bisected by the A4 Great West Road which runs beside the church garden.
The Annual Review sets out the mission and objectives of St Peter’s and describes our activities during 2022.
MISSION
St Peter’s Church in Hammersmith strives to be a generous, inclusive, all-age Christian community, serving all in the local area.
BANKERS
National Westminster Bank PLC 22 King’s Mall, London W6 0QD
TREASURER
Leslie DuCane
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INDEPENDENT EXAMINER
Angela Ktistakis THE PAROCHIAL CHURCH COUNCIL (‘PCC’)
The PCC works with the Vicar in promoting our mission. It shares the pastoral, evangelistic, social and ecumenical work of the church. The PCC is responsible for the administration of the church property, the setting of an annual budget and the raising of funds to carry out the mission and to maintain and preserve the fabric. The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity, number 1135462.
The PCC comprises the Vicar, the Churchwardens, the Treasurer, the Deanery Synod Representatives, and members who are elected at an Annual Parochial Church Meeting to serve for a period of three years. The appointment of PCC members is governed by and set out in the Church Representation Rules.
The following served during 2023:
The Vicar: The Revd Dr Charles Clapham Churchwardens: Simon Brooke (first elected Warden at the APCM 2022) Caroline Langton (first elected at an extraordinary meeting on 18[th] Sept 2022)
Treasurer: Leslie Du Cane (elected to PCC APCM 2018, re-elected 2021) Deanery Synod Representatives: MP Moine (elected APCM 2020)
Elected members of PCC:
Marion Ashworth (re-elected APCM 2022) Tony Matthews (re-elected APCM 2022) Zoe Fletcher (re-elected APCM 2023) Clare Berry (re-elected APCM 2023) Henry Barda (re-elected APCM 2023) Miles McInnes (re-elected APCM 2023) Jonty Graham (re-elected APCM 2023) Jemma Daffarn (elected APCM 2022) Alice Keown (elected APCM 2022 – left 2023) Eloise Illingworth (elected APCM 2023)
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Caroline Illingworth completed two terms on the PCC at the 2023 APCM. Her input over the years and wise words have been invaluable – many thanks from all. Her continued work on events is very much appreciated! Alice Keown moved away in 2023 and thus resigned from the PCC; we are grateful to Alice for her support and contribution.
The Events committee is responsible to the PCC. The PCC also receives reports from those who are responsible for fabric, children’s work, and safeguarding.
The PCC met on six occasions in 2023. Meetings were usually held via Zoom. The APCM was held in May. In addition to discussing administrative and financial matters, the PCC discussed many issues over the year, including:
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First aid training and a defibrillator.
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Eco church / solar panels.
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The need for a fire risk assessment.
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Re-appointment of our existing architect, from his previous firm to his new practice.
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A memorial item to remember our former virger Steve Haude.
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Appointing a new Children’s Worker and Safeguarding Officer.
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Approval of redecoration and installation of the screen and projector.
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Safeguarding also remained a standing item on the PCC agenda as did fundraising.
Electoral Roll
Helen Kelly reported at the 2023 APCM that the electoral roll stood at 214 . Many thanks to Helen for continuing in this role.
Church Attendance
As reported to the Diocesan Statistics for Mission, St Peter’s Usual Sunday Attendance (counting those who attended any of our Sunday services, but excluding those attending solely for separate baptism services) for 2023 was 145 adults and 60 children. Attendance at Easter 2023 was 239 (including children). Numbers attending over the Christmas period were 282 at the Carol Service, 185 at Christingle, 700 over two school Christmas services, 300 at Crib Service, 105 at Midnight Mass, and 210 on Christmas morning. Whilst on-line viewing is not at the levels (happily) it was in covid years, the average number of views for a 10.30 Communion Service was between 3040 in 2023. There were 15 baptisms, 8 confirmations, and 6 weddings at St Peter’s during 2023. The church was used for 10 funerals or memorial services during the year.
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Safeguarding
The PCC confirms that it has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. Jackie Hall stepped down as the church’s safeguarding officer during 2023 and was replaced by Holly Albutt; we are extremely grateful to Jackie for her long service as Safeguarding Officer, and to Holly for her willingness to step into the role. DBS checks were overseen by the children’s worker Lulu Crutchley, with assistance from Lucy Miller after Lulu’s departure mid 2023. The church operates in accordance with the Diocesan policy and good practice guidelines in terms of safeguarding.
Fabric
Detailed in Warden’s Report. FINANCE
The Accounts and the Treasurer’s Report which set out the financial position are contained in the attached report.
Reserves Policy
The PCC aims to maintain general (unrestricted) reserves of around £100,000, which equates to approximately six months’ unrestricted expenditure.
The PCC annually assesses the major financial risks affecting St Peter’s Church and makes plans accordingly.
Simon Brooke and Caroline Langton Churchwardens, on behalf of the PCC May 2024
The financial report was approved by the PCC on 10th May 2024 and signed on their behalf by:
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(Revd Dr) Charles Clapham Vicar, St Peter’s Hammersmith
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Charity number: 1135462
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Financial statements For the year ended 31 December 2023
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Contents
| Page | |
|---|---|
| Report of the independent examiner | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 - 13 |
Report of the Independent Examiner to the Trustees of
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith (‘the Charity’) for the year ended 31 December 2023, which are set out on pages 2 to 13.
Respective Responsibilities of the Trustees and the Independent Examiner
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
Having satisfied myself that the accounts of the Charity are not required to be audited under section 144(2) of the 2011 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Basis of the Independent Examiner’s Report
My examination was carried out in accordance with the Directions given by the Charity Commission in Independent examination of charity accounts: Directions and guidance for examiners (CC32) . 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 as trustees 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
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a qualified member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Angela C M Ktistakis ACA FCCA GMAK Services Limited 5-7 Vernon Yard Portobello Road London, W11 2DX
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Page 1
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Statement of financial activities incorporating income and expenditure account For the year ended 31 December 2023
| Note Income from: Donations and legacies 3 Activities for generating funds 3 Church activities 3 Property and investments 3 Total income 3 Expenditure on: Church activities 4 Costs of generating funds 4 Charitable activities 4 Total expenditure 4 Net surplus/(deficit) in funds before other gains and losses Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total funds funds funds 2023 2023 2023 £ £ £ 485,050 - 485,050 9,134 - 9,134 13,100 - 13,100 42,633 - 42,633 549,917 - 549,917 194,262 2,718 196,980 2,802 - 2,802 1,500 - 1,500 198,564 2,718 201,282 351,353 (2,718) 348,635 - - - 351,353 (2,718) 348,635 74,542 9,713 84,255 425,895 6,995 432,890 |
Total funds 2022 £ 201,064 7,353 4,705 36,765 |
|---|---|---|
| 249,887 | ||
| 239,869 733 - |
||
| 240,602 | ||
| 9,285 - |
||
| 9,285 74,970 |
||
| 84,255 |
All activities relate to continuing operations.
The notes on pages 4 to 13 form part of these financial statements.
Page 2
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Balance sheet As at 31 December 2023
| Note Fixed assets Tangible fixed assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors:amounts falling due within one year 8 Net current assets Net assets Charity funds Designated funds 9 General funds 9 Unrestricted funds 9 Restricted funds 9 Total funds |
£ 10,172 433,356 |
2023 £ - |
£ 8,931 81,987 |
2022 £ 2,818 |
|---|---|---|---|---|
432,890 |
81,437 |
|||
| 443,528 | 90,918 | |||
| (10,638) | (9,481) | |||
| 432,890 | 84,255 | |||
| 309,714 116,181 |
- 74,542 |
|||
| 425,895 6,995 |
74,542 9,713 |
|||
| 432,890 | 84,255 |
The accounts of the Charity are not required to be audited under section 144(2) of the Charities Act 2011.
The trustees of the Charity acknowledge their responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of financial statements.
The financial statements were approved by the Parochial Church Council on 10 May 2024, and signed on their behalf by:
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Revd Dr Charles Clapham, Chairperson
The notes on pages 4 to 13 form part of these financial statements.
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The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
1. Status and legal
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith is a charity. Having been previously excepted from registration, it was registered with the Charity Commission for England and Wales on 27 April 2010, and its charity number is 1158304. St Peter’s PCC, Hammersmith is a working name of the Charity.
The object of the Charity is: Promoting in the ecclesiastical parish the whole mission of the Church.
The address of the Charity is St Peter’s Church, Black Lion Lane, London, W6 9BE, and its website address is www.stpetersw6.org.
The Charity constitutes a public benefit entity as defined by Financial Reporting Standard applicable in the UK and in the Republic of Ireland (FRS 102).
The Charity is a corporate body established by the Church of England. The Charity operates under the Parochial Church Council Powers Measure.
2. Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.
2.1 Basis of preparation of financial accounts
The financial statements have been prepared in accordance with 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 in the Republic of Ireland (FRS 102) issued on 16 July 2014 (the Charities SORP (FRS 102)) and the Charities Act 2011.
The financial statements have been prepared to give a “true and fair” view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair” view. This departure has involved following the Charities SORP (FRS 102) rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the Parochial Church Council (“P.C.C.”) is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
The financial statements have been prepared in pounds sterling, which is the functional currency of the Charity, and are rounded to the nearest pound.
2.2 Going concern
There are no material uncertainties regarding the Charity's ability to continue as a going concern.
Page 4
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
2. Accounting policies (continued)
2.3
Fund accounting
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Designated funds are general funds set aside by the Charity for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted, and the Charity will move any surplus to other general funds.
General funds are unrestricted funds which are available for use in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Details of all the Charity’s funds, including their aims and uses, are set out in Note 8 to the financial statements.
2.4 Income
Donations
Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received.
Grants and legacies
Grants and legacies are accounted for when the Charity is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. The balance of income received for specific purposes, but not expended during the period, is shown in the relevant funds on the balance sheet. When income is received in advance of entitlement of receipt, its recognition is deferred, and it is included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Investment income
Rental income from the letting of church premises is recognised when it becomes due. Dividends are accounted for when declared receivable, interest as and when accrued by the payer.
Gains/(losses) on investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
All other incoming resources are recognised once the Charity has entitlement to the income, and it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Page 5
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
2. Accounting policies (continued)
2.5 Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the Charity. The Diocesan Parish Share is accounted for when paid; any contributions unpaid at 31 December are provided for in these financial statements as an operational (though not a legal) liability, and are shown as a creditor in the balance sheet.
All other expenditure is accounted for on an accruals basis and is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, and it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. All expenses including governance costs are allocated to the applicable expenditure heading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT.
2.6 Fixed assets and depreciation
Consecrated property and movable church furnishings
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the Charity, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory, which can be inspected (at any reasonable time). For inalienable property, acquired prior to the year 2000, there is insufficient cost information available, and therefore such assets are not valued in the accounts.
Subsequent to the year 2000, all expenditure on consecrated or beneficed buildings and on movable church furnishings, whether maintenance or improvement, has been written off when incurred.
Other fixtures and fittings, office and audiovisual equipment Musical instruments used within the church premises are depreciated on a straight-line basis over 10 years. Office and audiovisual equipment is depreciated on a straight-line basis over 3 years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired.
2.7 Investments
Except where otherwise indicated in the notes to the financial statements, investments are valued at market value at 31 December.
2.8 Interest receivable
Interest on funds held on deposit is 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.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 6
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
2. Accounting policies (continued)
2.10 Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions are normally recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advance payments for the goods or services it must provide.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.11 Pensions
The Charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.12 Judgements in applying accounting policies
In the application of the Church's accounting policies, the Charity is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates but are unlikely to be material.
Page 7
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements
For the year ended 31 December 2023
| 3. Income Income from donations and legacies: Donations: Planned giving Donations: Other Donations: Gift Aid tax recovered Collections: Services Collections: Special Major Projects Fundraising (inc. Gift Aid) Dioceses Energy Grant Legacy (Haude) Other legacies (Lilley, Salisbury) Total 2022 Activities for generating funds: Fundraising events Total 2022 Income from charitable activities: Wedding and funeral fees (2022: net fees) Other Total 2022 Income from property and investments: Rent Bank interest Total 2022 Total income Total 2022 |
Unrestricted Total funds funds 2023 2023 £ £ 83,124 83,124 21,699 21,699 24,648 24,648 9,621 9,621 7,269 7,269 - - - - 309,714 309,714 28,975 28,975 485,050 485,050 201,064 201,064 9,134 9,134 9,134 9,134 7,353 7,353 11,379 11,379 1,721 1,721 13,100 13,100 4,705 4,705 38,055 38,055 4,578 4,578 42,633 42,633 36,765 36,765 549,917 549,917 249,887 249,887 |
Total funds 2022 £ 78,453 15,296 22,945 731 7,082 73,916 2,641 - - |
|---|---|---|
| 201,064 | ||
| 7,353 | ||
| 7,353 | ||
| 3,167 1,538 |
||
| 4,705 | ||
| 36,587 178 |
||
| 36,765 | ||
| 249,887 | ||
In the comparative year £Nil of income was to restricted funds and £249,887 was in respect of unrestricted funds.
Page 8
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements
For the year ended 31 December 2023
| 4. Expenditure Notes Church activities: Missionary and charitable giving Diocese of London Common Fund Fees payable to the Diocese Clergy working expenses Staff costs 5 Choir and music Church services Children’s work Utilities: gas, electricity and water Insurance Guttering and pipes repairs Wedding and funeral expenses Organ works Other repairs and maintenance Cleaning Administration Bookkeeping Bank charges Fixed asset depreciation Other Total 2022 Costs of generating funds: Fundraising events Total 2022 Governance costs: Audit fees Total 2022 Total resources expended Total 2022 |
Unrestricted Restricted Total funds funds funds 2023 2023 2023 £ £ £ 9,683 - 9,683 92,164 - 92,164 2,551 - 2,551 1,996 - 1,996 27,150 - 27,150 7,697 - 7,697 971 - 971 - - - 9,700 - 9,700 7,381 - 7,381 3,225 - 3,225 4,595 - 4,595 543 - 543 5,434 - 5,434 6,275 - 6,275 7,366 - 7,366 3,631 - 3,631 742 - 742 100 2,718 2,818 3,058 - 3,058 194,262 2,718 196,980 237,573 2,296 239,869 2,802 - 2,802 733 - 733 1,500 - 1,500 - - - 198,564 2,718 201,282 238,306 2,296 240,602 |
Total funds 2022 £ 8,538 89,460 1,086 1,250 30,610 5,223 1,364 - 4,023 6,863 64,765 - 1,086 4,623 5,096 4,602 3,411 734 2,296 4,839 |
|---|---|---|
| 239,869 | ||
| 733 | ||
| - | ||
| 240,602 | ||
Page 9
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
| 5. Staff costs Wages and salaries Employer’s NI (covered by Employment Allowance) Employer’s pension contributions |
2023 £ 26,363 - 787 27,150 |
2022 £ 29,860 - 750 |
|---|---|---|
| 30,610 |
The average number of persons (full-time equivalent) employed by the Charity during the year was as follows:
2023 2022 FTE FTE 0.8 0.9
During the year the P.C.C. employed a Parish Administrator, a Director of Music, and (until May 2023) a Children's worker. All of these employments were part-time.
The PCC members are considered to be the key management personnel of the church. No remuneration was paid directly to key management personnel.
| 6. Tangible fixed assets Cost: Balance at 1 January 2023 Additions Disposals Balance at 31 December 2023 Depreciation: Balance at 1 January 2023 Charge for the year Eliminated on disposals Balance at 31 December 2023 Net Book Value: At 31 December 2022 At 31 December 2023 |
Fixtures Information Musical Total & fittings technology instruments £ £ £ £ 27,844 18,333 8,000 54,177 - - - - (27,844) (9,147) (8,000) (44,991) |
|---|---|
| - 9,186 - 9,186 |
|
| 27,844 15,515 8,000 51,539 - 2,818 - 2,818 (27,844) (9,147) (8,000) (44,971) |
|
| - 9,186 - 6,863 |
|
| - 2,818 - 2,818 |
|
| - - - - |
7. Debtors and prepayments
| Debtors and prepayments Gift Aid tax recoverable Other debtors Prepayments |
Unrestricted Restricted Total Total funds funds funds funds 2023 2023 2023 2022 £ £ £ £ 6,898 - 6,898 7,497 3,274 - 3,274 600 - - - 834 |
|---|---|
| 10,172 - 10,172 8,931 |
Page 10
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
| 8. Creditors due within one year Trade creditors Income in advance 9. Statement of funds Statement of funds - current year Church enhancement fund Total designated funds: General funds Total unrestricted funds: Modern technology fund Organ fund Total restricted funds: Total funds |
Balance at 1 January 2023 £ - |
Unrestricted Restricted Total Total funds funds funds funds 2023 2023 2023 2022 £ £ £ £ 10,638 - 10,638 9,082 - - - 399 |
|---|---|---|
| 10,638 - 10,638 9,481 |
||
Income Expenditure Transfers Balance at 31 December 2023 £ £ £ £ - - 309,714 309,714 |
||
| - 74,542 |
- - 309,714 309,714 549,917 (198,564) (309,714) 116,181 |
|
| 74,542 | 549,917 (198,564) - 425,895 |
|
| 8,573 1,140 |
- (2,718) - 5,855 - - - 1,140 |
|
| 9,713 | - (2,718) - 6,995 |
|
| 84,255 | 549,917 (201,282) - 432,890 |
Restricted funds:
Modern technology fund – A fund for the purpose of improving the audio-visual facilities within the church. As at 31 December 2023, the balance of this fund was represented by £5,855 of unexpended donations (inclusive of Gift Aid tax recovered).
Organ fund – A fund for the restoration and redecoration of the organ.
Designated fund:
Church enhancement fund – A fund for the purpose of improving and/or adapting the church and its facilities with the aim of achieving a built environment that is ‘fit for purpose’ both for the church congregations and for the local community. The P.C.C. have decided to designate a sum equivalent to the generous legacy received in 2023 by the Charity from the estate of Mr Stephen Haude for this purpose.
The purposes of these funds are in accordance with the Charity’s charitable object.
Page 11
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
9. Statement of funds (continued)
Statement of funds - prior year
| Church enhancement fund Total designated funds: General funds Total unrestricted funds: Modern technology fund Organ fund Total restricted funds: Total funds |
Balance Income Expenditure Transfers Balance at 1 at 31 January December 2022 2022 £ £ £ £ £ - - - - - |
|---|---|
| - - - - - 62,961 249,887 (238,306) - 74,542 |
|
| 62,961 249,887 (238,306) - 74,542 |
|
| 10,869 - (2,296) - 8,573 1,140 - - - 1,140 |
|
| 12,009 - (2,296) - 9,713 |
|
| 74,970 249,887 (240,602) - 84,255 |
10. Analysis of net assets between funds
| Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ - 436,533 (10,638) 425,895 Unrestricted funds 2022 £ 2,818 81,205 (9,481) 74,542 |
Restricted funds 2023 £ - 6,995 - 6,995 Restricted funds 2022 £ - 9,713 - 9,713 |
Total funds 2023 £ - 443,528 (10,638) |
|
|---|---|---|---|---|
| 432,890 | ||||
| Total funds 2022 £ 2,818 90,918 (9,481) |
||||
| 84,255 |
Page 12
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements
For the year ended 31 December 2023
11. Pension commitments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £787 (2022 - £750). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the Balance sheet date and are included in creditors.
12. Related party transactions
During the year, no member of the P.C.C. received any remuneration or other benefits (2022 - £Nil).
During the year, excluding reimbursement for costs incurred on behalf of the Charity, no payments or expenses were paid to any member of the P.C.C., persons closely connected to them or related parties (2022 - £Nil).
Page 13
Charity number: 1135462
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Financial statements For the year ended 31 December 2023
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Contents
| Page | |
|---|---|
| Report of the independent examiner | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 - 13 |
Report of the Independent Examiner to the Trustees of
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith (‘the Charity’) for the year ended 31 December 2023, which are set out on pages 2 to 13.
Respective Responsibilities of the Trustees and the Independent Examiner
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
Having satisfied myself that the accounts of the Charity are not required to be audited under section 144(2) of the 2011 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Basis of the Independent Examiner’s Report
My examination was carried out in accordance with the Directions given by the Charity Commission in Independent examination of charity accounts: Directions and guidance for examiners (CC32) . 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 as trustees 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
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a qualified member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Angela C M Ktistakis ACA FCCA GMAK Services Limited 5-7 Vernon Yard Portobello Road London, W11 2DX
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Page 1
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Statement of financial activities incorporating income and expenditure account For the year ended 31 December 2023
| Note Income from: Donations and legacies 3 Activities for generating funds 3 Church activities 3 Property and investments 3 Total income 3 Expenditure on: Church activities 4 Costs of generating funds 4 Charitable activities 4 Total expenditure 4 Net surplus/(deficit) in funds before other gains and losses Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total funds funds funds 2023 2023 2023 £ £ £ 485,050 - 485,050 9,134 - 9,134 13,100 - 13,100 42,633 - 42,633 549,917 - 549,917 194,262 2,718 196,980 2,802 - 2,802 1,500 - 1,500 198,564 2,718 201,282 351,353 (2,718) 348,635 - - - 351,353 (2,718) 348,635 74,542 9,713 84,255 425,895 6,995 432,890 |
Total funds 2022 £ 201,064 7,353 4,705 36,765 |
|---|---|---|
| 249,887 | ||
| 239,869 733 - |
||
| 240,602 | ||
| 9,285 - |
||
| 9,285 74,970 |
||
| 84,255 |
All activities relate to continuing operations.
The notes on pages 4 to 13 form part of these financial statements.
Page 2
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Balance sheet As at 31 December 2023
| Note Fixed assets Tangible fixed assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors:amounts falling due within one year 8 Net current assets Net assets Charity funds Designated funds 9 General funds 9 Unrestricted funds 9 Restricted funds 9 Total funds |
£ 10,172 433,356 |
2023 £ - |
£ 8,931 81,987 |
2022 £ 2,818 |
|---|---|---|---|---|
432,890 |
81,437 |
|||
| 443,528 | 90,918 | |||
| (10,638) | (9,481) | |||
| 432,890 | 84,255 | |||
| 309,714 116,181 |
- 74,542 |
|||
| 425,895 6,995 |
74,542 9,713 |
|||
| 432,890 | 84,255 |
The accounts of the Charity are not required to be audited under section 144(2) of the Charities Act 2011.
The trustees of the Charity acknowledge their responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of financial statements.
The financial statements were approved by the Parochial Church Council on 10 May 2024, and signed on their behalf by:
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Revd Dr Charles Clapham, Chairperson
The notes on pages 4 to 13 form part of these financial statements.
Page 3
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
1. Status and legal
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith is a charity. Having been previously excepted from registration, it was registered with the Charity Commission for England and Wales on 27 April 2010, and its charity number is 1158304. St Peter’s PCC, Hammersmith is a working name of the Charity.
The object of the Charity is: Promoting in the ecclesiastical parish the whole mission of the Church.
The address of the Charity is St Peter’s Church, Black Lion Lane, London, W6 9BE, and its website address is www.stpetersw6.org.
The Charity constitutes a public benefit entity as defined by Financial Reporting Standard applicable in the UK and in the Republic of Ireland (FRS 102).
The Charity is a corporate body established by the Church of England. The Charity operates under the Parochial Church Council Powers Measure.
2. Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.
2.1 Basis of preparation of financial accounts
The financial statements have been prepared in accordance with 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 in the Republic of Ireland (FRS 102) issued on 16 July 2014 (the Charities SORP (FRS 102)) and the Charities Act 2011.
The financial statements have been prepared to give a “true and fair” view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair” view. This departure has involved following the Charities SORP (FRS 102) rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the Parochial Church Council (“P.C.C.”) is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
The financial statements have been prepared in pounds sterling, which is the functional currency of the Charity, and are rounded to the nearest pound.
2.2 Going concern
There are no material uncertainties regarding the Charity's ability to continue as a going concern.
Page 4
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
2. Accounting policies (continued)
2.3
Fund accounting
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Designated funds are general funds set aside by the Charity for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted, and the Charity will move any surplus to other general funds.
General funds are unrestricted funds which are available for use in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Details of all the Charity’s funds, including their aims and uses, are set out in Note 8 to the financial statements.
2.4 Income
Donations
Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received.
Grants and legacies
Grants and legacies are accounted for when the Charity is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. The balance of income received for specific purposes, but not expended during the period, is shown in the relevant funds on the balance sheet. When income is received in advance of entitlement of receipt, its recognition is deferred, and it is included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Investment income
Rental income from the letting of church premises is recognised when it becomes due. Dividends are accounted for when declared receivable, interest as and when accrued by the payer.
Gains/(losses) on investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
All other incoming resources are recognised once the Charity has entitlement to the income, and it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Page 5
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
2. Accounting policies (continued)
2.5 Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the Charity. The Diocesan Parish Share is accounted for when paid; any contributions unpaid at 31 December are provided for in these financial statements as an operational (though not a legal) liability, and are shown as a creditor in the balance sheet.
All other expenditure is accounted for on an accruals basis and is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, and it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. All expenses including governance costs are allocated to the applicable expenditure heading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT.
2.6 Fixed assets and depreciation
Consecrated property and movable church furnishings
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the Charity, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory, which can be inspected (at any reasonable time). For inalienable property, acquired prior to the year 2000, there is insufficient cost information available, and therefore such assets are not valued in the accounts.
Subsequent to the year 2000, all expenditure on consecrated or beneficed buildings and on movable church furnishings, whether maintenance or improvement, has been written off when incurred.
Other fixtures and fittings, office and audiovisual equipment Musical instruments used within the church premises are depreciated on a straight-line basis over 10 years. Office and audiovisual equipment is depreciated on a straight-line basis over 3 years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired.
2.7 Investments
Except where otherwise indicated in the notes to the financial statements, investments are valued at market value at 31 December.
2.8 Interest receivable
Interest on funds held on deposit is 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.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 6
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
2. Accounting policies (continued)
2.10 Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions are normally recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advance payments for the goods or services it must provide.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.11 Pensions
The Charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.12 Judgements in applying accounting policies
In the application of the Church's accounting policies, the Charity is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates but are unlikely to be material.
Page 7
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements
For the year ended 31 December 2023
| 3. Income Income from donations and legacies: Donations: Planned giving Donations: Other Donations: Gift Aid tax recovered Collections: Services Collections: Special Major Projects Fundraising (inc. Gift Aid) Dioceses Energy Grant Legacy (Haude) Other legacies (Lilley, Salisbury) Total 2022 Activities for generating funds: Fundraising events Total 2022 Income from charitable activities: Wedding and funeral fees (2022: net fees) Other Total 2022 Income from property and investments: Rent Bank interest Total 2022 Total income Total 2022 |
Unrestricted Total funds funds 2023 2023 £ £ 83,124 83,124 21,699 21,699 24,648 24,648 9,621 9,621 7,269 7,269 - - - - 309,714 309,714 28,975 28,975 485,050 485,050 201,064 201,064 9,134 9,134 9,134 9,134 7,353 7,353 11,379 11,379 1,721 1,721 13,100 13,100 4,705 4,705 38,055 38,055 4,578 4,578 42,633 42,633 36,765 36,765 549,917 549,917 249,887 249,887 |
Total funds 2022 £ 78,453 15,296 22,945 731 7,082 73,916 2,641 - - |
|---|---|---|
| 201,064 | ||
| 7,353 | ||
| 7,353 | ||
| 3,167 1,538 |
||
| 4,705 | ||
| 36,587 178 |
||
| 36,765 | ||
| 249,887 | ||
In the comparative year £Nil of income was to restricted funds and £249,887 was in respect of unrestricted funds.
Page 8
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements
For the year ended 31 December 2023
| 4. Expenditure Notes Church activities: Missionary and charitable giving Diocese of London Common Fund Fees payable to the Diocese Clergy working expenses Staff costs 5 Choir and music Church services Children’s work Utilities: gas, electricity and water Insurance Guttering and pipes repairs Wedding and funeral expenses Organ works Other repairs and maintenance Cleaning Administration Bookkeeping Bank charges Fixed asset depreciation Other Total 2022 Costs of generating funds: Fundraising events Total 2022 Governance costs: Audit fees Total 2022 Total resources expended Total 2022 |
Unrestricted Restricted Total funds funds funds 2023 2023 2023 £ £ £ 9,683 - 9,683 92,164 - 92,164 2,551 - 2,551 1,996 - 1,996 27,150 - 27,150 7,697 - 7,697 971 - 971 - - - 9,700 - 9,700 7,381 - 7,381 3,225 - 3,225 4,595 - 4,595 543 - 543 5,434 - 5,434 6,275 - 6,275 7,366 - 7,366 3,631 - 3,631 742 - 742 100 2,718 2,818 3,058 - 3,058 194,262 2,718 196,980 237,573 2,296 239,869 2,802 - 2,802 733 - 733 1,500 - 1,500 - - - 198,564 2,718 201,282 238,306 2,296 240,602 |
Total funds 2022 £ 8,538 89,460 1,086 1,250 30,610 5,223 1,364 - 4,023 6,863 64,765 - 1,086 4,623 5,096 4,602 3,411 734 2,296 4,839 |
|---|---|---|
| 239,869 | ||
| 733 | ||
| - | ||
| 240,602 | ||
Page 9
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
| 5. Staff costs Wages and salaries Employer’s NI (covered by Employment Allowance) Employer’s pension contributions |
2023 £ 26,363 - 787 27,150 |
2022 £ 29,860 - 750 |
|---|---|---|
| 30,610 |
The average number of persons (full-time equivalent) employed by the Charity during the year was as follows:
2023 2022 FTE FTE 0.8 0.9
During the year the P.C.C. employed a Parish Administrator, a Director of Music, and (until May 2023) a Children's worker. All of these employments were part-time.
The PCC members are considered to be the key management personnel of the church. No remuneration was paid directly to key management personnel.
| 6. Tangible fixed assets Cost: Balance at 1 January 2023 Additions Disposals Balance at 31 December 2023 Depreciation: Balance at 1 January 2023 Charge for the year Eliminated on disposals Balance at 31 December 2023 Net Book Value: At 31 December 2022 At 31 December 2023 |
Fixtures Information Musical Total & fittings technology instruments £ £ £ £ 27,844 18,333 8,000 54,177 - - - - (27,844) (9,147) (8,000) (44,991) |
|---|---|
| - 9,186 - 9,186 |
|
| 27,844 15,515 8,000 51,539 - 2,818 - 2,818 (27,844) (9,147) (8,000) (44,971) |
|
| - 9,186 - 6,863 |
|
| - 2,818 - 2,818 |
|
| - - - - |
7. Debtors and prepayments
| Debtors and prepayments Gift Aid tax recoverable Other debtors Prepayments |
Unrestricted Restricted Total Total funds funds funds funds 2023 2023 2023 2022 £ £ £ £ 6,898 - 6,898 7,497 3,274 - 3,274 600 - - - 834 |
|---|---|
| 10,172 - 10,172 8,931 |
Page 10
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
| 8. Creditors due within one year Trade creditors Income in advance 9. Statement of funds Statement of funds - current year Church enhancement fund Total designated funds: General funds Total unrestricted funds: Modern technology fund Organ fund Total restricted funds: Total funds |
Balance at 1 January 2023 £ - |
Unrestricted Restricted Total Total funds funds funds funds 2023 2023 2023 2022 £ £ £ £ 10,638 - 10,638 9,082 - - - 399 |
|---|---|---|
| 10,638 - 10,638 9,481 |
||
Income Expenditure Transfers Balance at 31 December 2023 £ £ £ £ - - 309,714 309,714 |
||
| - 74,542 |
- - 309,714 309,714 549,917 (198,564) (309,714) 116,181 |
|
| 74,542 | 549,917 (198,564) - 425,895 |
|
| 8,573 1,140 |
- (2,718) - 5,855 - - - 1,140 |
|
| 9,713 | - (2,718) - 6,995 |
|
| 84,255 | 549,917 (201,282) - 432,890 |
Restricted funds:
Modern technology fund – A fund for the purpose of improving the audio-visual facilities within the church. As at 31 December 2023, the balance of this fund was represented by £5,855 of unexpended donations (inclusive of Gift Aid tax recovered).
Organ fund – A fund for the restoration and redecoration of the organ.
Designated fund:
Church enhancement fund – A fund for the purpose of improving and/or adapting the church and its facilities with the aim of achieving a built environment that is ‘fit for purpose’ both for the church congregations and for the local community. The P.C.C. have decided to designate a sum equivalent to the generous legacy received in 2023 by the Charity from the estate of Mr Stephen Haude for this purpose.
The purposes of these funds are in accordance with the Charity’s charitable object.
Page 11
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements For the year ended 31 December 2023
9. Statement of funds (continued)
Statement of funds - prior year
| Church enhancement fund Total designated funds: General funds Total unrestricted funds: Modern technology fund Organ fund Total restricted funds: Total funds |
Balance Income Expenditure Transfers Balance at 1 at 31 January December 2022 2022 £ £ £ £ £ - - - - - |
|---|---|
| - - - - - 62,961 249,887 (238,306) - 74,542 |
|
| 62,961 249,887 (238,306) - 74,542 |
|
| 10,869 - (2,296) - 8,573 1,140 - - - 1,140 |
|
| 12,009 - (2,296) - 9,713 |
|
| 74,970 249,887 (240,602) - 84,255 |
10. Analysis of net assets between funds
| Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ - 436,533 (10,638) 425,895 Unrestricted funds 2022 £ 2,818 81,205 (9,481) 74,542 |
Restricted funds 2023 £ - 6,995 - 6,995 Restricted funds 2022 £ - 9,713 - 9,713 |
Total funds 2023 £ - 443,528 (10,638) |
|
|---|---|---|---|---|
| 432,890 | ||||
| Total funds 2022 £ 2,818 90,918 (9,481) |
||||
| 84,255 |
Page 12
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Hammersmith
Notes to the financial statements
For the year ended 31 December 2023
11. Pension commitments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £787 (2022 - £750). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the Balance sheet date and are included in creditors.
12. Related party transactions
During the year, no member of the P.C.C. received any remuneration or other benefits (2022 - £Nil).
During the year, excluding reimbursement for costs incurred on behalf of the Charity, no payments or expenses were paid to any member of the P.C.C., persons closely connected to them or related parties (2022 - £Nil).
Page 13