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2020-12-31-accounts

REGISTERED CHARITY NUMBER: 1136147

Report of the Trustees and

Financial Statements for the Year Ended 31st December 2020

for

St Peters Church PCC

St Peters Church PCC

Contents of the Financial Statements for the year ended 31st December 2020

Page
Report of the Trustees 1 to 4
Statement of Trustees' Responsibilities 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16 to 17

St Peters Church PCC

Report of the Trustees for the year ended 31st December 2020

The PCC present their report with the financial statements of the PCC for the year ended 31st December 2020. The PCC have adopted the provisions of the Statement of Recommended Practice (FRSSE) ' Accounting and Reporting by Charities' issued in January 2015 together with the Church Accounting Regulations 2006 (the Regulations) and Section 145 of the Charities Act 2011 (the 2011 Act).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The PCC has the responsibility of co-operating with the Vicar, Curate and Assistant Minister in promoting in the ecclesiastical parish the whole mission of the Church. It also has responsibilities to maintain the Church building and Churchyard.

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our church community.Our services reflect this through prayer, Bible readings, worship and sacrament.

When planning our activities, the Vicar, Curate, Assistant Minister and the PCC have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We achieve this through:

Worship and prayer, learning about the bible and developing a knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work.

Significant activities

When planning activities, the Vicar, Curate, Assistant Minister and the PCC consider the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

The PCC is committed to enabling as many people as possible to worship at the church and to become part of our parish community. The services reflect this through prayer, Bible readings, worship and sacrament.

Public benefit

The PCC is continuing to reach out to those within the community and offering help, especially of a pastoral nature. This is achieved through:

Worship and prayer, learning about the bible and developing a knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work.

Grantmaking

The PCC continues to make institutional grants at their discretion.

Volunteers

Members of the PCC act in a voluntary capacity and very much rely on the assistance of people outside of Council. It has not been possible to quantify the value of volunteers.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Income from charitable activities has fallen by £3,376 as a direct result of Covid-19.

Fundraising activities

Income generated from fundraising activities has fallen by £1,462 as a direct result of Covid-19.

Page 1

St Peters Church PCC

Report of the Trustees for the year ended 31st December 2020

ACHIEVEMENT AND PERFORMANCE

The PCC offer a range of services during the course of each month, from the traditional Anglican service to meet the needs of as many people as possible. There is also a meeting every Sunday of Junction Church in the village hall offering an alternative service.

Most outreach activities were suspended during the year due to Covid-19.The church is a member of 'WayPoint' Churches Together in Maidstone.

Rotas operate for the provision of Church Flowers, Church Guiding, Church Refreshments, Sidespersons, Readers, Sound deck operation and the production and distribution of the Church magazine.

There were 149 people on the Electoral Roll. Average attendance was 66 at both services.

Due to Covid-19 most expenditure on repairs were put on hold or reduced as much as possible.Only essential repairs were carried out.

One member of the PCC sit on the Deanery Synod and three members of the PCC sits on the Diocesan Synod. This provides a link with the wider structures of the church.

The PCC is a registered charity.

FINANCIAL REVIEW

Reserves policy

It is the policy of the PCC to maintain sufficient reserves to meet the yearly financial commitments.

FUTURE PLANS

Essential epairs to the fabric of the Church will continue. The way we fund other charities will be reviewed.

Further fundraising will continue to repair the Church roof. This is a long term project.

In 2018 a reduced Parish Share was negotiated with the Diocese. At the same time a new formula for calculating the parish share was intoduced by the Diocese. Over the next 2 years the Parish Share will be increased annually until it meets the level calculated by the new formula by 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document.

Recruitment and appointment of new trustees

The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

Organisational structure

The Chairman of the PCC will normally be a church warden and will be formally elected. The Vicar, Curate, Assistant Minister and Church Wardens are automatically members. All other members of the PCC are elected.

Induction and training of new trustees

All new members of the PCC are properly mentored by a serving member and handed a leaflet setting out their duties and responsibilities.

Related parties

There were no related party transactions during the year.

The PCC met for 5 regular meetings. Attendance at PCC meetings was, on average, 11.

Page 2

St Peters Church PCC

Report of the Trustees for the year ended 31st December 2020

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1136147

Principal address

The Church Office The Vicarage Church Hill, Boughton Monchelsea Maidstone Kent ME17 4BU

Trustees

Members of the PCC are as follows:

Vicar: Rev. Phil Goodey * Chair

Wardens:

Anne Norris (to 05/10/2020) Nick Willoughby

Elected Members: David Parry Sandra Goodey * Karen Sanders * Gordon Mackley ** Belinda Knowler Jeanette Coster (to 05/10/2020) Ann Cornelius Margaret Purkiss Alison Moore (frtom 05/10/2020) Freda Files Christopher McIntyre (from 05/10/2020)

Secretary : Alison Moore Treasurer : Mandy Stephens

** = Representative for Deanery Synod

Independent Examiner

Ronald Price FCA Beak Kemmenoe Chartered Accountants 1-3 Manor Road Chatham Kent ME4 6AE

At the beginning of the year free reserves were £32,381. At 31st December 2020 free reserves were £31,344. At the beginning of the year restricted funds were £23,191 and at the end of the year were £23,191. Included in free reserves are fixed assets at net book value of £1,930. The PCC is aware of the ongoing need to maintain the fabric of the church and this has led Council to be prudent regarding its free reserves policy.

Page 3

St Peters Church PCC

Report of the Trustees for the year ended 31st December 2020

Approved by order of the board of trustees on 26th April 2021 and signed on its behalf by:

Rev P J Goodey - Trustee

Page 4

St Peters Church PCC

Statement of Trustees' Responsibilities for the year ended 31st December 2020

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

Independent Examiner's Report to the Trustees of St Peters Church PCC

Independent examiner's report to the trustees of St Peters Church PCC

I report to the charity trustees on my examination of the accounts of St Peters Church PCC (the Trust) for the year ended 31st December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Ronald Price FCA Beak Kemmenoe Chartered Accountants 1-3 Manor Road Chatham Kent ME4 6AE

26th April 2021

Page 6

St Peters Church PCC

Statement of Financial Activities

for the year ended 31st December 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
98,039
Charitable activities
Charitable activities
9,024
Other trading activities
3
3,093
Other income
41
Total
110,197
EXPENDITURE ON
Raising funds
5
1,051
Charitable activities
6
Charitable activities
110,183
Total
111,234
NET INCOME/(EXPENDITURE)
(1,037)
RECONCILIATION OF FUNDS
Total funds brought forward
32,381
TOTAL FUNDS CARRIED FORWARD
31,344		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
23,191
23,191		 2020
Total
funds
£
98,039
9,024
3,093
41
110,197
1,051
110,183
111,234
(1,037)
55,572
54,535		 2019
Total
funds
£
117,892
12,760
6,214
89
136,955
3,643
132,880
136,523
432
55,140
55,572

The notes form part of these financial statements

Page 7

St Peters Church PCC

Balance Sheet 31st December 2020

Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
11
1,930
-
CURRENT ASSETS
Debtors
12
6,661
-
Cash at bank and in hand
31,164
23,191
37,825
23,191
CREDITORS
Amounts falling due within one year
13
(8,411)
-
NET CURRENT ASSETS
29,414
23,191
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,344
23,191
NET ASSETS
31,344
23,191
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2020
Total
funds
£
1,930
6,661
54,355
61,016
(8,411)
52,605
54,535
54,535
31,344
23,191
54,535		 2019
Total
funds
£
241
13,942
48,204
62,146
(6,815)
55,331
55,572
55,572
32,381
23,191
55,572

The financial statements were approved by the Board of Trustees and authorised for issue on 26th April 2021 and were signed on its behalf by:

P J Goodey - Trustee

The notes form part of these financial statements

Page 8

St Peters Church PCC

Notes to the Financial Statements for the year ended 31st December 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 9

St Peters Church PCC

Notes to the Financial Statements - continued

for the year ended 31st December 2020

2.
DONATIONS AND LEGACIES
Gifts
Donations
Planned giving
Grants
Collections
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Fundraising events
Magazines
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Fees
Charitable activities
5.
RAISING FUNDS
Other trading activities
Fund raising costs
Fund raising hall hire		 2020
£
1,330
3,971
68,867
-
23,871
98,039
2020
£
-
2020
£
556
2,537
3,093
2020
£
9,024
2020
£
142
909
1,051		 2019
£
3,190
4,554
78,451
9,275
22,422		 2019
£
3,190
4,554
78,451
9,275
22,422		 2019
£
3,190
4,554
78,451
9,275
22,422
117,892
2019
£
9,275
2019
£
2,018
4,196
6,214
2019
£
12,760
2019
£
85
3,558
3,643
3,643

continued...

Page 10

St Peters Church PCC

Notes to the Financial Statements - continued for the year ended 31st December 2020

6. CHARITABLE ACTIVITIES COSTS

Direct
Costs (see
note 7)
£
Charitable activities
97,354
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Youth work
Books and periodicals
Insurance
Light and heat
Upkeep
Gifts
Parish share
Church services
Organ
Sundry expenses
Motor expenses
8.
SUPPORT COSTS
Charitable activities
Support costs, included in the above, are as follows:
Management
Telephone
Postage and stationery
Independent examiners fees
General administration
Depreciation of tangible and heritage assets		 Grant
funding of
activities
£
60		 Support
costs (see
note 8)
Totals
£
£
12,769
110,183
2020
2019
£
£
323
1,547
698
920
4,715
4,994
3,027
5,322
2,476
10,790
305
112
80,000
70,000
4,070
7,681
293
1,147
719
1,945
728
2,375
97,354
106,833
Management
£
12,769
2020
2019
Charitable
Total
activities
activities
£
£
2,642
3,182
1,763
3,332
600
600
7,281
6,893
483
11,980
12,769
25,987

continued...

Page 11

St Peters Church PCC

Notes to the Financial Statements - continued for the year ended 31st December 2020

9. TRUSTEES' REMUNERATION AND BENEFITS

There was no trustees' remuneration or other benefits for th e year ended 31 December 2018 nor for the prior year.

Trustees' expenses

Trustees were reimbursed for any out of pocket expenses only.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
117,892
Charitable activities
Charitable activities
12,760
Other trading activities
6,214
Other income
89
Total
136,955
EXPENDITURE ON
Raising funds
3,643
Charitable activities
Charitable activities
132,880
Total
136,523
NET INCOME
432
RECONCILIATION OF FUNDS
Total funds brought forward
31,949
TOTAL FUNDS CARRIED FORWARD
32,381		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
23,191
23,191		 Total
funds
£
117,892
12,760
6,214
89
136,955
3,643
132,880
136,523
432
55,140
55,572

continued...

Page 12

St Peters Church PCC

Notes to the Financial Statements - continued

for the year ended 31st December 2020

11. TANGIBLE FIXED ASSETS

Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st January 2020 67,212 3,342 70,554
Additions - 2,172 2,172
At 31st December 2020 67,212 5,514 72,726
DEPRECIATION
At 1st January 2020 66,972 3,341 70,313
Charge for year 48 435 483
At 31st December 2020 67,020 3,776 70,796
NET BOOK VALUE
At 31st December 2020 192 1,738 1,930
At 31st December 2019 240 1 241
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Other debtors 2,497 10,001
Prepayments 4,164 3,941
6,661 13,942
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Other creditors 8,411 6,815
14. MOVEMENT IN FUNDS
Net
movement At
At 1.1.20 in funds 31.12.20
£ £ £
Unrestricted funds
General fund 32,381 (1,037) 31,344
Restricted funds
Roof fund 23,191 - 23,191
TOTAL FUNDS 55,572 (1,037) 54,535

continued...

Page 13

St Peters Church PCC

Notes to the Financial Statements - continued for the year ended 31st December 2020

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
110,197
110,197		 Resources
Movement
expended
in funds
£
£
(111,234)
(1,037)
(111,234)
(1,037)

Comparatives for movement in funds

At 1.1.19
£
Unrestricted funds
General fund
31,949
Restricted funds
Roof fund
23,191
TOTAL FUNDS
55,140
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
136,955
TOTAL FUNDS
136,955		 Net
movement
At
in funds
31.12.19
£
£
432
32,381
-
23,191
432
55,572
Resources
Movement
expended
in funds
£
£
(136,523)
432
(136,523)
432

continued...

Page 14

St Peters Church PCC

Notes to the Financial Statements - continued for the year ended 31st December 2020

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.19 in funds 31.12.20
£ £ £
Unrestricted funds
General fund 31,949 (605) 31,344
Restricted funds
Roof fund 23,191 - 23,191
TOTAL FUNDS 55,140 (605) 54,535

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
247,152
247,152		 Resources
Movemen
expended
in funds
£
£
(247,757)
(605
(247,757)
(605		 Resources
Movemen
expended
in funds
£
£
(247,757)
(605
(247,757)
(605
(605

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2020.

Page 15

St Peters Church PCC

Detailed Statement of Financial Activities for the year ended 31st December 2020

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Planned giving
Grants
Collections
Other trading activities
Fundraising events
Magazines
Charitable activities
Fees
Other income
Interest
Total incoming resources
EXPENDITURE
Other trading activities
Fund raising costs
Fund raising hall hire
Charitable activities
Youth work
Books and periodicals
Insurance
Light and heat
Upkeep
Gifts
Parish share
Church services
Organ
Sundry expenses
Motor expenses
Grants to institutions		 2020
£
1,330
3,971
68,867
-
23,871
98,039
556
2,537
3,093
9,024
41
110,197
142
909
1,051
323
698
4,715
3,027
2,476
305
80,000
4,070
293
719
728
60
97,414		 2019
£
3,190
4,554
78,451
9,275
22,422
117,892
2,018
4,196
6,214
12,760
89
136,955
85
3,558
3,643
1,547
920
4,994
5,322
10,790
112
70,000
7,681
1,147
1,945
2,375
60
106,893

This page does not form part of the statutory financial statements

Page 16

St Peters Church PCC

Detailed Statement of Financial Activities

for the year ended 31st December 2020

Support costs
Management
Telephone
Postage and stationery
Independent examiners fees
General administration
Fixtures and fittings
Computer equipment
Total resources expended
Net (expenditure)/income		 2020
£
2,642
1,763
600
7,281
48
435
12,769
111,234
(1,037)		 2019
£
3,182
3,332
600
6,893
11,955
25
25,987
136,523
432

This page does not form part of the statutory financial statements

Page 17