**REGISTERED CHARITY NUMBER: 1136147**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
## **FOR**
## **ST PETERS CHURCH PCC**
Taylor-Roalfe Old Cottage Boughton Green Kent ME17 4LT
**ST PETERS CHURCH PCC**
**CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 15|
|**Detailed Statement of Financial Activities**|16 to 17|
## **ST PETERS CHURCH PCC**
## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2023**
The PCC present their report with the financial statements of the PCC for the year ended 31st December 2023. 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 2014 Act).
## **OBJECTIVES AND ACTIVITIES**
## **Aims and Purposes**
The PCC has the responsibility of co-operating with the incumbent in promoting the whole mission of the church according to the doctrines and practices of the Church of England. It has responsibility for St Peter's Church, Boughton Monchelsea and also for congregations meeting with alternative styles of worship at the village hall (Junction and Messy Church).
## OBJECTIVES AND ACTIVITIES IN 2023
In planning its activities, the PCC takes into account the Commission's guidance on public benefit - in particular on the advancement of religion. Thus, it seeks:
a) to offer all people: teaching about Christianity and its life applications, open worship services and related activities, and ceremonies to mark life events.
b) to organise social activities to assist people living in the parish and nearby.
c) to assist churches and other Christian agencies throughout the diocese as they seek to further similar aims outside the parish.
d) to provide safe and open access to the church building and churchyard as places of interest, beauty and contemplation.
## **Significant activities during 2023**
i) Holding regular services of public worship and teaching, in various styles, in the church and the village hall. ii) Offering Christian baptism, marriage, funeral and burial ceremonies for all parish residents, with standard fees. iii) Encouraging home groups in their further studies into the role of Christianity in our lives.
iv) Holding monthly Friendship Circle and weekly Baby and Toddler group sessions - both open to all and free or at low cost.
v) Making grants to individuals, charities and projects in pursuit of its aims.
vi) Maintaining the Grade 2* listed church building and its churchyard, and access to it, based on professional advice received.
These activities were largely organised and delivered by volunteers. They include those leading and assisting at worship services, home groups, Friendship Circle and Baby and Toddlers group; pastoral works; maintaining the church and churchyard; and administration and finance.
Apart from capital works, these activities were also mainly financed by personal donations.
Page 1
## **ST PETERS CHURCH PCC**
## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2023**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The PCC maintained all its activities, including after the vicar left in September 2023. Especially in this period, it was enormously assisted by two churchwardens appointed during the year; by an Assistant Minister, two Lay Readers and a retired URC minister; and by experienced and hard-working administrator and PCC Secretary.
The numbers attending our various worship services and other regular activities remained broadly stable during 2023, with some families moving away but other joining.
37 services of baptism, wedding, funeral and burial were held during 2023.
Our monthly Friendship Circle (at the village hall) and weekly Baby and Toddler sessions (at the church) were well attended and received. Attendees included many not regularly attending worship services
After discussion at meetings, the PCC made grants totalling £5,764.17. This included to a local Christian schools charity, a rehabilitation centre in Bangladesh, Operation Christmas Child, Maidstone Homeless Shelter, Royal British Legion and a gift to the departing vicar and his family. £4,316.64 of this was raised through specific collections.
It invited visitors to the church on most Sunday afternoons between May and Harvest. A Son at Luimiere display, opened for the Millennium, continued to be a source of interest and inspiration to many visitors.
It completed work on the stonework of the church and the churchyard boundary walls identified in the 2021 Quinquennial report.
It increased the efficiency of the church heating system. Oil usage in the final quarter was 27% lower than in 2022.
It met regularly to discuss and decide issues of importance. Two members sat on the Deanery Synod but, as at December 2023, it had no representation on the Diocesan Synod.
## **FINANCIAL REVIEW**
## **Financial position**
The PCC fulfilled its obligations to produce and file statutory accounts.
The PCC was able to pay £62,000 in 2023 Parish Share, £19,000 below its allocation of £80,600. The PCC is grateful for grants received in 2023, notably:
i) towards fabric work, £10,800 from Friends of St Peter’s Church (a partner charity not under the control of the PCC) and £2,500 from Benefact Trust.
ii) Towards the cost of mowing the churchyard, £2,500 from Boughton Monchelsea Parish Council (paid directly to the contractor) only the PCC’s payment is included in the accounts.
## **Reserves policy in 2023**
The policy of the PCC was to maintain, throughout the year
i) a current reserve equivalent to three months of salary plus two months of other current expenditure excluding the Parish Share
ii) Funds estimated to be sufficient to complete capital works already commissioned or targeted for completion within the following twelve months.
The PCC current reserve stood at £7,700 at 31 December 2023 (an increase of £700 over the year); and the amount set aside for capital works at £15,812 (a reduction of £7,700).
Page 2
## **ST PETERS CHURCH PCC**
## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2023**
## **FUTURE PLANS**
At the end of 2023 the PCC was in discussion with others in the diocese and deanery over the future ministerial arrangements for the parish.
It planned to continue all the activities listed above.
It planned to address the remaining repairs to the fabric of the church listed in the church's 2021 Quinquennial Inspection Report; and the need to replace the church roof and its heating system over the next few years.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document**
The charity is controlled by its governing document. It is registered with the Charities Commission for England and Wales.
## **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 (if in post), and any Assistant Ministers are automatically members. The Churchwardens and 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 provided with a leaflet setting out their duties and responsibilities.
## **Related parties**
There were no related party transactions during the year.
In 2023 the PCC met on 10 occasions during the year, and the average attendance was 9.1
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1136147
## **Principal address**
The Church Office The Vicarage Church Hill Boughton Monchelsea Kent ME17 4BU
Page 3
**ST PETERS CHURCH PCC**
**REPORT OF THE TRUSTEES For The Year Ended 31 December 2023**
## **Trustees**
Rev P Goodey (resigned 10.9.2023)
S Goodey (resigned 20.7.2023) B Knowler A Cornelius M Purkiss F Files A Moore C McIntyre L Darling E Cross C Parry G Carpenter (appointed 24.4.2023) P J Holland (appointed 17.6.2023)
## **Independent Examiner**
Alex Staples The Oast Heath Road Boughton Monchelsea ME17 4JD
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... C Parry - Trustee
Page 4
## **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 31 December 2023.
## **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.
Alex Staples The Oast Heath Road Boughton Monchelsea Kent ME17 4JD
Date: .............................................
Page 5
## **ST PETERS CHURCH PCC**
## **STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
93,829
**Charitable activities**
5
Charitable activities
6,875
Other trading activities
3
6,426
Investment income
4
239
**Total**
107,369
**EXPENDITURE ON**
Raising funds
6
18,239
**Charitable activities**
7
Charitable activities
98,040
Other
1,409
**Total**
117,688
**NET INCOME/(EXPENDITURE)**
(10,319)
**RECONCILIATION OF FUNDS**
Total funds brought forward
26,842
**TOTAL FUNDS CARRIED FORWARD**
16,523|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
15,380
15,380|31.12.23
31.12.22
Total
Total
funds
funds
£
£
93,829
85,890
6,875
11,184
6,426
4,482
239
49
107,369
101,605
18,239
4,343
98,040
89,290
1,409
375
117,688
94,008
(10,319)
7,597
42,222
34,625
31,903
42,222|31.12.23
31.12.22
Total
Total
funds
funds
£
£
93,829
85,890
6,875
11,184
6,426
4,482
239
49
107,369
101,605
18,239
4,343
98,040
89,290
1,409
375
117,688
94,008
(10,319)
7,597
42,222
34,625
31,903
42,222|
|---|---|---|---|
||||101,605|
||||4,343
89,290
375|
||||94,008|
||||7,597
34,625|
||||42,222|
The notes form part of these financial statements
Page 6
## **ST PETERS CHURCH PCC**
## **BALANCE SHEET 31 December 2023**
||||||31.12.23|31.12.22|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||fund|fund||funds|funds|
||Notes|£|£||£|£|
|**FIXED ASSETS**|||||||
|Tangible assets|13|5,635||-|5,635|7,044|
|**CURRENT ASSETS**|||||||
|Debtors|14|672||-|672|2,022|
|Cash at bank and in hand||10,965|15,380||26,345|33,905|
|||11,637|15,380||27,017|35,927|
|**CREDITORS**|||||||
|Amounts falling due within one year|15|(749)||-|(749)|(749)|
|**NET CURRENT ASSETS**||10,888|15,380||26,268|35,178|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||16,523|15,380||31,903|42,222|
|**NET ASSETS**||16,523|15,380||31,903|42,222|
|**FUNDS**|16||||||
|Unrestricted funds|||||16,523|26,842|
|Restricted funds|||||15,380|15,380|
|**TOTAL FUNDS**|||||31,903|42,222|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Parry - Trustee
The notes form part of these financial statements
Page 7
**ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2023**
## **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.
Fixtures and fittings - 20% on reducing balance 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.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 8
## **ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023**
|**2.**|**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|---|
||||31.12.23|31.12.22|
||||£|£|
||Gifts & donations||24,461|7,472|
||Planned giving||45,065|53,382|
||Gift aid||10,011|13,659|
||Collections||992|7,760|
||Grants||13,300|3,617|
||||93,829|85,890|
||Grants received, included in the above, are as follows:||||
||||31.12.23|31.12.22|
||||£|£|
||Other grants||13,300|3,617|
|**3.**|**OTHER TRADING ACTIVITIES**||||
||||31.12.23|31.12.22|
||||£|£|
||Fundraising||1,466|1,666|
||Other trading activities||4,960|2,816|
||||6,426|4,482|
|**4.**|**INVESTMENT INCOME**||||
||||31.12.23|31.12.22|
||||£|£|
||Deposit account interest||239|49|
|**5.**|**INCOME FROM CHARITABLE ACTIVITIES**||||
||||31.12.23|31.12.22|
|||Activity|£|£|
||Fees|Charitable activities|6,875|11,184|
||Grants received, included in the above, are as follows:||||
||||31.12.23|31.12.22|
||||£|£|
continued...
Page 9
## **ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **For The Year Ended 31 December 2023**
## **6. RAISING FUNDS**
|**Raising donations and legacies**
Activities & service costs
Fundraising hall hire
**Investment management costs**
Property repairs
Aggregate amounts
**7.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**8.**
**GRANTS PAYABLE**
Charitable activities|31.12.23
31.12.22
£
£
1,965
1,477
2,509
2,866
4,474
4,343
31.12.23
31.12.22
£
£
13,765
-
18,239
4,343
Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
8)
note 9)
Totals
£
£
£
£
84,776
1,448
11,816
98,040
31.12.23
31.12.22
£
£
1,448
1,158|
|---|---|
continued...
Page 10
## **ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023**
## **9. SUPPORT COSTS**
|Management
£
Other resources expended
1,409
Charitable activities
11,203
12,612|Governance
Finance
costs
£
£
-
-
208
405
208
405|Totals
£
1,409
11,816|
|---|---|---|
|||13,225|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
Elizabeth Cross is not remunerated for acting as a Trustee, but is employed as Church administrator which is a remunerated position, and was elected to a full three year PCC term of office on 25th April 2022,
## **Trustees' expenses**
Trustees were only reimbursed for out of pocket expenses.
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
85,890
**Charitable activities**
Charitable activities
11,184
Other trading activities
4,482
Investment income
49
**Total**
101,605
**EXPENDITURE ON**
Raising funds
4,343
**Charitable activities**
Charitable activities
89,290
Other
375
**Total**
94,008
**NET INCOME**
7,597
**RECONCILIATION OF FUNDS**
Total funds brought forward
19,245|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
15,380|Total
funds
£
85,890
11,184
4,482
49|
|---|---|---|
|||101,605|
|||4,343
89,290
375|
|||94,008|
|||7,597
34,625|
continued...
Page 11
## **ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023**
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|Unrestricted
fund
£
**TOTAL FUNDS CARRIED FORWARD**
26,842|Restricted
fund
£
15,380|Total
funds
£|
|---|---|---|
|||42,222|
## **12. PROFESSIONAL FEES**
Taylor-Roalfe have provided their accountancy and book keeping services free of charge for the year.
## **13. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2023 and 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
74,910
5,514
80,424
68,980
4,400
73,380
1,186
223
1,409
70,166
4,623
74,789
4,744
891
5,635
5,930
1,114
7,044
31.12.23
31.12.22
£
£
672
2,022|Totals
£
80,424|
|---|---|---|
|||73,380
1,409|
|||74,789|
|||5,635|
|||7,044|
continued...
Page 12
## **ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023**
|**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Payments on account
Trade creditors
**16.**
**MOVEMENT IN FUNDS**
At 1.1.23
£
**Unrestricted funds**
General fund
26,842
**Restricted funds**
Roof Fund
15,380
**TOTAL FUNDS**
42,222
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
107,369
**TOTAL FUNDS**
107,369
**Comparatives for movement in funds**
At 1.1.22
£
**Unrestricted funds**
General fund
19,245
**Restricted funds**
Roof Fund
15,380
**TOTAL FUNDS**
34,625|31.12.23
31.12.22
£
£
750
750
(1)
(1)
749
749
Net
movement
At
in funds
31.12.23
£
£
(10,319)
16,523
-
15,380
(10,319)
31,903
Resources
Movement
expended
in funds
£
£
(117,688)
(10,319)
(117,688)
(10,319)
Net
movement
At
in funds
31.12.22
£
£
7,597
26,842
-
15,380
7,597
42,222|
|---|---|
continued...
Page 13
## **ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
101,605
101,605|Resources
Movement
expended
in funds
£
£
(94,008)
7,597
(94,008)
7,597|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.22|in funds|31.12.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|19,245|(2,722)|16,523|
|**Restricted funds**||||
|Roof Fund|15,380|-|15,380|
|**TOTAL FUNDS**|34,625|(2,722)|31,903|
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
£
208,974
208,974|Resources
Movement
expended
in funds
£
£
(211,696)
(2,722)
(211,696)
(2,722)|
|---|---|---|
continued...
Page 14
**ST PETERS CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 15
## **ST PETERS CHURCH PCC**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**|||
|---|---|---|
|**For The Year Ended 31 December 2023**|||
||31.12.23|31.12.22|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts & donations|24,461|7,472|
|Planned giving|45,065|53,382|
|Gift aid|10,011|13,659|
|Collections|992|7,760|
|Grants|13,300|3,617|
||93,829|85,890|
|**Other trading activities**|||
|Fundraising|1,466|1,666|
|Other trading activities|4,960|2,816|
||6,426|4,482|
|**Investment income**|||
|Deposit account interest|239|49|
|**Charitable activities**|||
|Fees|6,875|11,184|
|**Total incoming resources**|107,369|101,605|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Activities & service costs|1,965|1,477|
|Fundraising hall hire|2,509|2,866|
||4,474|4,343|
|**Investment management costs**|||
|Property repairs|13,765|-|
|**Charitable activities**|||
|Organist fees|785|300|
|Church services|1,770|2,455|
|Insurance|4,587|4,869|
|Light and heat|5,324|5,941|
|Upkeep|8,314|3,920|
|Sundries|955|1,251|
|Parish share|62,000|55,300|
|Carried forward|83,735|74,036|
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 31 December 2023**|||
|||31.12.23|31.12.22|
|||£|£|
|**Charitable activities**||||
|Brought forward||83,735|74,036|
|Travel expenses||1,041|1,240|
|Grants to institutions||1,448|1,158|
|||86,224|76,434|
|**Support costs**||||
|**Management**||||
|Telephone||2,164|2,298|
|Postage and stationery||767|782|
|General administration||8,272|7,840|
|Fixtures and fittings||1,186|1,482|
|Computer equipment||223|278|
|||12,612|12,680|
|**Finance**||||
|Bank charges||208|176|
|**Governance costs**||||
|Independent Examiners Fee||405|375|
|Total resources expended||117,688|94,008|
|**Net (expenditure)/income**||(10,319)|7,597|
This page does not form part of the statutory financial statements
Page 17