**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 Diocesan Synod
** = 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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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
- 20% on reducing balance
## **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