thepeopleschurch TO FOLLOIV JESUS, TOGETHER. TO CHANGE TYE WOItLD. Trustees, Financial Report For the peri(Jd 1 January 2022 10 31 December 2022 Contents: Income and Expenditure Analysly Stat8ment of Assets and Ll8bIlis Independent Examinerfs Report Annual Report Telephon•. 01295 268351 Emoil. Info@Ihepeopleschurch.org.uk www.thepeopF•schurch.org.uk Th¢ P•op185 Church, Horsefoir, Bonbu OX16 OAH
The Peoples Church Income and Expendilure Anatysis January- December 2022 TOTAL Income 40005 Foodbank Income 40006 Gift Aid RocoveI 40007 Grants t8cefvod 40008 Churth aLtlvities oift 40009 Legacy Incomè 40010 Rental Inrne. AS Ine & Hlre of ladNile8 40011 Tlthgs & Offerf5- Standing Ord8r 40012 Tlth8s & Off•rlngs. Sunday Cdl&tKJn 40020 Interest rfved JAN. OEC 2tr22 JAN- DEC IPY) 64,038.04 26.224.09 $0,103.56 12,719.18 33,767.98 14,355.00 19392.50 104,667.99 10.706.29 1.639.85 24,498.00 91,550.50 2,884.53 247.70 TOTAL Exp8ndftur8s Olroct Char5talJe Expand18 60001 Soclal Mad181Advh.lyPT{g 60003 Baptl$l Unlon Hom& Mlsslon 60004 Books, Inlofmatton and PLtAfcatton8 60006 conlersl$S 80007 Donations 60009 Foodbank costs 60010 Foodbank motor 8xpèr 812 Hospkalty 60013 Klds Church 8xpw 6001S Music and Ilcerus 6(hJ16 Salaguardlng 80017 Subscripts'ons 60018 Vls6Ing woachors 60020 Youth 9xpons08 2.742.96 1.21MI.Ch) 645.39 5.922.96 1.200.00 228.61 350.00 2.344.00 4,584.65 1,656.48 460.11 148.73 3.751.01 201.94 1,844. 32.555.96 2.021.64 3,321.13 888.92 1.283.28 149.58 1,321.40 3,479.65 86Ui 1,67123 Slatt C08ts 617 Manse costs 61002 Pewons 61003 Stall trwnirg & wellaro 61(W Wages and salw$ 14388.85 14.591.72 1,330.00 91.292.21 13,312.18 12,719.61 2,712.00 102.959.65 Support Costs 62001 A(tounta 62004 Cleaning 62005 Equipmerrt expenwj 62006 Equipment hire 62007 Insurance 62008 Legal and profes9on faes 62010 OfficelGgneral Adminislrativa EX[S 62012 Relurtmshmgnt otchurth 518.40 88224 $81.98 2,043.94 3.507.14 518.40 291.14 1,268.97 1,725.17 3,300.05 3,540.CII 348.79 12,331.09 f8.000.00 Cash BasÉs Thur<¥3*ty, S Octobw 217 1n--
The Peoples Church Income and Expenditure Analysis JaNary- December 2022 TOTAL Jfvth4- DEC 2022 JAN - DEC 2021 IPY) 3,799.57 853.25 1.106.17 62013 Repairs and maintenance 62014 Soflware and Websii8 Cc6ts 62015 T8le)oro and trKolband 7,915.65 1272.36 1.026.88 Uiilities 63001 Ele¢triGty 69002 Gas e3003 Wastè D1 63004 Waler 2.180.6t 2,382.17 1.4&3.$2 1 J17.32 2,843.75 3.937.62 732.00 997.62 ieJ• NET OPERATING INCOME NET INCOMEIIEXPENDITUREI C8$h 845is Thursdey. 5 Ocwt)er 2023 10'3S am GMT+01..IKI
The Peoples Church Statement of Assets and Liabilities As of December 31. 2022 TOTAL SOF DEC31. 212 AS OF DEC31. 2021 IPYJ Flxed Asset Tangiblg assets IC? Motor Vehlckn Cost 5216.(M) 5.216.00 Cash al bank and In harbs 11001 CuNent Accounl 11003 Fo¢xI Bank Proje 11004 Saver Account Toldcath 30.515.13 121.831.34 30.000.00 12.717.44 92265.90 10,000.00 Current Assèts 12001 8UC Trust FurKI 75.438.04 119,106.75 NET CURRENT ASSETS NET CURRENT ASSETS ILIABILITIESI TOTPL ASSETS LES8 CUARENT LIABILITIES TOTAL NET ASSETS ILIABILlnES) Charty funds Reslricled Funds Restricted- Food 8ank FUTVJ 121.831.34 92.865.90 RaIned Earnlngs Unrgslrkled Fund8 D881gnated- 8UC Trust FUNI Deslgnat8d - Captt* FuTrJ Unre8lricle(l - Qenoral Fund 0.00 75,438.04 44,837.00 .2.700.29 119,106.75 17.539.00 -12.720.01 SurplusllDetirJtl f3,594.42 23,114.45
Independent Examlnefg Report to the Truslees I P41emborn of The Peoples Church My report is for the ats for the pericmj ended 31 December 2022. Respoctlve responslbilitles of trustees and Oxamlner The Charity'8 Trustses are r6sponsible ft)r the preparab'on of ihe ac£wnts in acLYJrdanc8 wilh the requlremènts of the Charities Act 2011 {Ihe Acr). The Charty's Trustees conslder that an audlt is not required for this year under section 144 of the Act arKI that an independent examinatlon Is needed. It18 my responsibilty to". examine the accounts under sethion 145 of the Charilies Act. k) follow the applicable Dlrections given by the Charity Commlssion uThler 88ctlon 145(5)(b) of the Act, 8nd to state whett)er partlcular matters have ¢om8 to my attention. Basls of Ind•pendont Examlnof• r•port My èxamlnation wa8 carried out In a0rdance with general Dlrections given by the Charity Commi88lon. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It 8180 includes nSIderatIon of any unusual it•m8 or di8do8ureg in th accounts. and seeking explanations from the Trustees conceming any such matters. The proc*dure$ undertaken do rt provide all the evidence that would be required in an audtL and ¢onsequently no opinlon is given a8 to whether the accounts present a Irue and fair vigw ar)d the report is limited to th08e matters Set out in the statement below. Independent Examlnerf8 •taloiiMnt: In connects'on wrth my éxamlnation, Th) mat8rlal matter3 have CA)me to my attenon which gives me rAu8e to believe that in, any material respect.. accounting records yre not kept In accordance wtth sectk)n 130 of the Cheritie$ Act or the accounts do not 8ocord with the a¢ccrfJntsng reo)rds. I have no concems and have come across no other matters n connectkln with the examinatlon to which attention shoukl be drawn in order to enable a proper understandlThJ of the acxounts to b8 reached. T Edgo Datod S
CHARITY COMMISSION FOR ENGLAND AND WALES Trustee< Annual Report for the perlod From 01 January 2022 To 31 December 2022 Charfty name: The Peoples Church (Banbury) Charlty re8lstratlon number. in Objertlves and Artlvlties Summary of the purposes of the charlty as set out in its govemlng do¢ument PJra 1.17 he Objert5 of the Church are for the public benefit: to advante the Christian faith; to relieve those In need by reason of youth, age. ill-health, disability, financial or other disadvantage In our communlty, nation and the world in such ways as the Church Leadership from tlmetotime maythlnkfit; and to advance education in our eommunlty, nation and the world In such ways as the Churth Leadership fmm tlme to time may think fit. The main activltles have comprised: Sundays: Main Servlce open to all. Kids Church Youth Provision Summaryof the main actlvities In relation to those purposes for the public benefrt, in particular, the activitles, projects or 5ervlces identified in the accounts. 1.17 Llg Through the week: Small Groups- Fellowship, Prayer & Bible Studv Socials Youth Alpha Short Courses Foodbank for people in financial crisis in need of emerqency food. Host for NHS Blood Donors The artiveS of the churd) are open to all. Ithough the Trustees have not expliatly reviewed the guidance. the hurch ha5 alWS been run for the benefit of its congregation and the ider community. Through the biblical teachings. the advantement of e Christian faith sees the attendees changing their attitudes and ehaviour5 over time. Additionally, the church's services and activities re available to anyone and everyone. The outreach through the oodbank is also for the public benefrt, regardless of race, gender, aith or ability. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Pava 1.18
Additlonal Infommtlon {optlonal) You may choose to include further statements where relevant about: Pollcy on grant Nogrdnts are made making Policy on social investment including program related investment Contributlon made by volunteers Parn 138 No social investments are made Parn 1.38 P4Tr 138 e church Telies on volunteers to function. This is not only during the unday 5eN¢e. from welcoming people to helping run the service tself, but beyond that to the mid-week small groups and involvement ith Foodbank. This voluntary Work would total some 11)>200 hours er week. Achlevements and Perfomiance )RP Summaryof the maln achievements of the Charity, identifying the difference the charlS work has made to the circumstan$ of its beneficiaries and onv wider benefits to society as a whole. P•F• 1.20 unday servi ur con8reBation engaged in a number of teachin8 serles, Including.. Purpose Driven Life lour Lent series). Praying wlth Jesus. Immerse Bible Reading serie5. Light Up lour advent series). The service5 were ttended by approximately l(M>125 adults (ln additlon to chlldren and outh) per week. mall 8roups 8rowin8 number of people also engaged In our small 8roup ro8ramme, with around SO PL)ople registered in 8roups by the end of 022. Baptisms adults were baptised in April and 4 adults in November. Young people Vre also baptised. Ipha Follovring on from baptisms we hosted two Alpha Course5 one in prinyJsummer and one in autumn/wlnter. Pastoral pastoral team of 8 was formed and trained to support the pastoral re ministry of the church. Foodbank In 2022 we fulfilled 2188 voucher requests for three days emergency ood. A voucher represents a household and this meant that 3370 dults and 2105 children recetved emergenry food. This totsls 5475 eople fed. This is a 48% increase on the numbers using foodbank in 021. We were also able to give families extra food in the school olidays to make sure that parents had food items to for children s unches.
Is Churth Kids Church consisted of one main seNice area in the thurch hall for hildren aged between 5-11 years old, children younger than this age ere welcomed to stay along with their parent or adult carer. We saw 6 children from 26 families attending sessions over the course of 3 undays per month. At that time there were 8 volunteers serving in the ids team. e supported over 40 young people from school years 7-13 through ur Tuesday evening, Sunday morning provision, and monthly social th programmes In the church. We started a Friday Night Football ini5try fortnightly seeing 10-15 young people from both the church nd the community attend. We brought 25 young people to a youth estival in the summer. Addltlonal Informatlon loptlonal) You may choose to include further statements where relevant about: Achievements against objectlves set Performance of fundraising activitles against objectlves set Par• 1.41 P4v• IAI During 2022 offerlngs and donations from church attendees were 32% higher than in 2021. a consequeno of the pandemic, the church bulldln8 remained losed for services for significant parts of 2020 and 2021, with esulting drop in regular offerings in th05e year5. Compared to 2019, he most recent comparable period durlng which the church was open hroughout the year. offerfn85 and donations In 2022 were 7% lower. roughout the year, there continued to be a hi8h level of cash onations received into the Foodbank, which has enabled the church o continue meeting the inueasin8 level of demand across Banbury for he support of the Foodbank. Investment performance against objectives Pra L41 Flnanclal Review Review of the charityls financial position at the end of the period Pa Lll Income for 2022 totslled £241.524, an increase of 12% compared to 021. Expenditure in 2022 totalled £217.929, induding expenditure on hurch refurbishment amounting to £18,QKKI {compared to £12,331 in 0211 and Foodbankcosts of £34.578 (compared to £6.241 in 20211. Exduding those costs, expenditure in 2022 totalled £165,351. which a5 5% lower than the 2021 total of £174.085.
statement explaining the pollcy for holding reseeS ststing whv they are held P*a L22 e Trustees have determined it is appropriate to hold 3 months of perating costs in cash, totalling around £45,1)X). dditional cash resew were held at 31 December 2022, in nticipation of committed buildlng repalr costs scheduled for 2023. nrestricted reserves at 31 December 2022 amounted to £141,169. Of hat total, £75.438 is held in a Bapt15t Union Corporation Trust Fund, nd the balano 15 held as cash reseNes. Amount of reserves held Para L22 the unrestricted reserves total. £120.275 is designated as a capital und for future capitsl expenditure. estricted cash reserves of £121.831 are held to meet future costs of he Foodbank. IA Reasons for holding zero reserves Details of fund materially in defiett Explanation of any uncertainties about the charity continulng as a going concem Para 1.22 Par• 1.23 here are no concerns about the charity a5 a going concem. Addltlonal Informatlon loptlonal) You may choose to indude further ststements where relevant about: The charitvs prindpal sources of funds e prlncipal source of funds {excluding periodic fundraising a¢tlvities lin¢ludin8 any or specifi¢ projects such as church refurbishment) is from the offerings fundraisin81 donatlonsl of the thurch attendees. This equate5 to around 80% when he Gift Aid Is also consldered. This ineome is from a large number of ndividuals. Donations Into the Foodbank are received from the local mmunity and from corporate donors, as we51 as from church ttendees. 1.47 n addition. around IO% of its income is from premises hire and ereements to access the church's car park. Investment policy and objectives including any social investment policy adopted A descrlption of the principal rlsks facing the charity other o investments are made. Parn L46 e largest risk is that of individual donors stopping their giving. This ould likely be a slow dedine over a period of months and require5 onitoring to ensure that giving is maintsined. Structure. Govemance and Management
Description of tharivs trusts= Type of goveming document Itrust deed. royal charter) How is the charity tonstituted? le.g unincorporated assoclatlon, CIOI Trustee selection methods includin8 details of anv constitutional provision5 e. election to post or name of any person or body entitled to appoint one or more tnjstees one Para L25 rust deed Para L25 e Churth is constituted as an unincorporated ass(Kiation. r¥ L25 e process for appointing trustees is oudined in the Church's nstitution in section 10.6. Thi5 15 by unanimous agreement of the rust, conflrmed by the church's membership. Addltlonal Informatlon {optlonal) You may choose to include further statements where relviant about: Policles and procedure5 adopted for the induction and training of trustees The charity's organisational structure and any wider network wlth which the charity works Relationship with anv related parties Other P•r• i.si LSJ P4r* ISI Reference and Admlnistratlve detsiis Charity name other name the charity uses Registered tharity number Charitvs principal add$ he Peoples Church (Banbury) one 1137118 he Peoples Church, orsefair anbury X16 OAH
Names of the charity trustees who manage the charity Trustee n•n OINce lff any) Dates •¢ted frfnothr Mm• otperson {or bodyl entllled to•ppo5nt trustee Ill wryl ralg Corbett hurch Secretary Appointed 6 March 2022 lexander Sherwood reasurer tefan McNaSlv Lead Pastor arah Wllliams ociate Pastor uth Parle Health & Safety Merid De5ts afe8uardin8 Appointed 18 September 2022 Appointed 30 April 2023 Markus Wise uildin85 Name of trustees holdin8 tltle to prope belon81 to the charlty TNrt•• name aptist Union Corporation Ltd Funds held as custodlan trustees on behalf of others Descriptlon of the assets held in thls capaclty Name and objects of the charityon whose behalf the assets are held and how thls falls withln the custodian charivs objects Details of arrangements for safe custody and segregation of sud) assets from the charftvs own assets Declaratlons The trustees dedare that they have approved the trustee¢ report abo¥e. SId on behalf of the th•rltVs trustees $18nature(sl Full name{s) lexander Sherwc raig Corbett Posltlon {e.g. Se(retary, Chalr, etGI reasurer hurch Secretary Date: