**THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** Charity Registration no: 1154122 # THE PAROCHIAL CHURCH COUNCIL OF THE ## ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN # REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ## Administrative Office: The Vicarage Church Road Peasedown St John BATH, BA2 8AA Incumbent: Reverend Matthew Street The Vicarage Church Road Peasedown St John BATH, BA2 8AA Bankers: National Westminster Bank Plc Midsomer Norton Branch 3 High Street Midsomer Norton RADSTOCK, BA3 2ZY Independent Examiner: RHW Beath BSc FCCA Ashlar House 58A Combe Road Combe Down BATH, BA2 5HZ 1 **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** ## INDEX TO THE REPORT AND FINANCIAL STATEMENTS ## CONTENTS |Trustees’ Annual Report|1 – 5| |---|---| |Independent Examiners Report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the accounts|9 - 11| |Membership of the PCC|12| 2 ## **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** ## The Parochial Church Council The Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent in promoting within this parish the whole mission of the Church – pastoral, evangelistic, social and ecumenical. The PCC registered with the Charity Commission on 7[th] October 2013. Members of the Council are either ex-officio or elected by the Annual Parochial Church Meeting. The appendix to this report lists those who served as members of the Council during 2021. PCC membership remained at 14 members this year. Four PCC meetings were held in 2021 with an average attendance of 8 ## Buildings The principal buildings available to the Church Family are: St. John Baptist Church, Church Road, Peasedown St John – consecrated 1892 The Church Hall, Church Road, Peasedown St John ## Governing Document The charity is governed by the Parochial Church Council Powers Measure (1956) as amended and church representation rules. ## Public Benefit The charity has due regard to the guidance published by the Charity Commission on public benefit. ## Risk Management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## Review of the Year The PCC, in its leadership role in the church made possible a wide range of activities this year by supporting financially and prayerfully the following events and people. ## Regular Sunday Worship Two services take place every Sunday at St John’s Church one on the morning at 10.30am and the other, known as Soul Food, in the afternoon at 4.30pm. ## Somer Valley Foodbank This Trussell Trust foodbank continues to operate in co-operation with other local churches to provide three days of emergency food for those in crisis. ## Pre-School Ministry Little Lights, the Toy Library and the After School Club are enabling us to engage with young families in the area on a weekly basis. 3 ## **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** ‘Transforming Wisdom: 44 life lessons that will challenge your spiritual life’ Utilising the lives of 44 Biblical Characters our sermon series for 2021 highlighted 44 useful life lessons that we can apply in our daily walk with God. ## Mission and Outreach Donations of £9,270 (£16,500 in 2020) to our mission partners: Redeemer Primary School in Baghdad, Bibles for Children, Tutela Africa, Flame International, SAT 7. ## Financial Review of the Year Total incoming resources for 2021 were £262,357 (2020 £216,970). This is made up of £137,703 of unrestricted funds and £91,801 of restricted funds. Expenditure for 2021 was £263,665 (2020 £235,631). This is made up of unrestricted expenditure of £152,554 and restricted expenditure of £111,111. At the end of the year, the charity had unrestricted cash reserves that represented approximately three months of unrestricted expenditure on its activities based on the 2022 budget. ## Conclusion We end the year seeing how faithful God has been in providing for our needs as we seek to do his work in the parish of Peasedown St John and looking forward to the continued growth of activity in the coming year. 4 **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** ## Statement as to Disclosure of Information to Auditor In so far as the trustees are aware: - there is no relevant audit information of which the charity’s auditor is unaware; and - - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. ## Statement of Trustees Responsibilities The trustees are responsible for preparing the Trustees Annual Report 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 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 of the charity for the period. In preparing these 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 judgments and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements in 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 that disclose with reasonable accuracy at any time the financial position of the charity and 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. ## On behalf of the PCC Reverend Matthew Street Date: 4[th] March 2022 5 ## **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** ## Independent Examiner’s Report to the PCC of Saint John’s Peasedown for the year ended 31[st] December 2021 This report on the financial statements of the PCC for the year ended 31[st] December 2021, which are set out on pages 1 to 5, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and section 43 of the Charities Act 1993 (“the Act”) ## Respective responsibilities of the PCC and the examiner As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirements of the Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations. ## Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the Church Guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## Independent examiner’s statement In connection with my examination, no matter has come to my attention: 1. Which gives me reasonable cause to believe that in any material respect the requirements - To keep accounting records in accordance with section 41 of the Act; and - To prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met: or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Richard HW Beath BSc FCCA 58a Combe Road Combe Down Bath BA2 5HZ 18th February 2022 6 ## **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** |Statement of Financial Activities|||||| |---|---|---|---|---|---| |Balance Sheet as at 31 December 2021|||||| ||||||| |Income and Expenditure|||||| ||Notes|Unrestricted|Restricted|Total 2021|Total 2020| |||Funds|Funds||| |||£|£|£|£| ||||||| |IncomingResources|||||| ||||||| |Voluntaryincome|2|94,307|326|94,633|109,833| |Activities forgeneratingfunds||0|89,916|89,916|43,930| |Investment income||64|0|64|428| |IncomingResources from Charitable Activities||43,332|34,413|77,744|62,778| ||||||| ||||||| |Total IncomingResources||137,703|124,654|262,357|216,970| ||||||| ||||||| |Resources Expended|||||| ||||||| |Costs ofgeneratingvoluntaryincome||0|0|0|0| |Fundraisingtradingcosts||442|0|442|254| |Investment management costs||0|0|0|0| |Charitable expenditure|3|124,705|111,111|235,817|207,716| |Governance costs||27,407|0|27,407|27,661| ||||||| |Total Resources Expended||152,554|111,111|263,665|235,631| ||||||| ||||||| |Net Movement in Revenue Funds||(14,851)|13,543|(1,308)|(18,661)| ||||||| ||||||| |Balance on bank introduced||0|0|0|| |Balances brought forward 1/1/21||299,001|134,149|433,150|257,443| ||||||| |Total Funds to carryforward 31/12/21||284,150|147,693|431,842|238,782| 7 ## **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **BALANCE SHEET AS AT 31 DECEMBER 2021** |Balance Sheet||||| |---|---|---|---|---| |At 31st December 2021||Dec-21||Dec-20| |||||| ||Notes|£||£| |Fixed Assets||||| |Tangible fixed assets|4|431,040||232,391| |||||| |||431,040||232,391| |||||| |Current Assets||||| |Debtors||1,332||2,063| |Cash at Bank and in Hand||6,279||4,834| |Deposit, food bank, CBF accounts, Hive, Movement||192,693||194,120| |||||| |Total current assets||200,304||201,017| |||||| |Creditors: amounts fallingdue within oneyear||(853)||(258)| |||||| |Net Current Assets||199,451||201,276| |||||| |||||| |Total Assets less Current Liabilities||630,491||433,667| |||||| |Creditors: amounts fallingdue after||||| |more than oneyear||0||0| |Net Assets||630,491||433,667| |||||| |||||| |Represented by:||||| |Funds||||| |Restricted Funds|5|147,693||134,149| |Unrestricted Funds|6|284,150||299,001| |Revaluation Reserve||198,649||0| |||630,491||433,150| Approved at the Annual Parochial Church Meeting held on Sunday 3[rd] April 2022 and signed on their behalf by: ## **Reverend Matthew Street** The notes on pages 9 to 11 form an integral part of these accounts. 8 **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 DECEMBER 2021 ## 1. **ACCOUNTING POLICIES** The principal accounting policies are summarised below. ## (a) **Basis of accounting** The financial statements have been prepared on a cash basis and have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in 2015 and applicable UK Accounting Standards and the Charities Act 2011. ## (b) **Fund accounting** Unrestricted funds are available for use at the discretion of the Trustees in the furtherance of the general objects of The Charity. Restricted funds are to be used for specific purposes as specified by the donor. ## (c) **Incoming resources** All incoming resources are included in the Statement of Financial Activities when The Charity receives the cash into the bank accounts. Investment income is included when actually received. - (d) **Resources expended** Expenditure is recognised on a cash basis as a liability is incurred. ## **(e) Tangible fixed assets and depreciation** Tangible assets are stated at cost. No depreciation is attributed: |**2. VOLUNTARY INCOME**|**Unrestricted**|**Restricted**|**Total**|**Total**| |---|---|---|---|---| ||||**2,021**|**2,020**| ||**£**|**£**|**£**|| |Planned Giving under gift aid|59,606|0|59,606|63,610| |Planned giving not under gift aid|14,575|0|14,575|23,019| |Collection under gift aid|1,675|0|1,675|3,322| |Collections not under gift aid|1,047|326|1,372|4,279| |Loose collections in services|197|0|197|186| |Carlingcott donations|1,350|0|1,350|0| |Legacies and major grants / donations|0|0|0|0| |Income tax Recoverable|15,857|0|15,857|15,417| |||||| ||**94,307 **|**326**|**94,633**|**109,833**| 9 **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 DECEMBER 2021 |**3. COSTS OF CHARITABLE ACTIVITIES**||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Grants|9,270|16,500| |Parish Share|33,753|37,504| |Staffing|41,071|49,364| |Services Expenses|4,762|9,785| |Outreach and Mission|91,743|47,645| |Buildings and Grounds|19,506|9,479| |Establishment|1,901|8,619| |Miscellaneous and Other|33,810|28,820| ||**235,817**|**207,716**| |**Statement of assets and liabilities as at 31 December 2021**|**Statement of assets and liabilities as at 31 December 2021**|**Statement of assets and liabilities as at 31 December 2021**|**Statement of assets and liabilities as at 31 December 2021**|**Statement of assets and liabilities as at 31 December 2021**|**Statement of assets and liabilities as at 31 December 2021**|**Statement of assets and liabilities as at 31 December 2021**|| |---|---|---|---|---|---|---|---| ||||||||| ||||**Unrestricted **|**Restricted**|**Total**||**All funds**| ||||**2021**|**2021**|**2021**||**2020**| ||||**£**|**£**|**£**||**£**| |**Cash Funds under control of the PCC**|||||||| ||Current account||2,825|3,455|6,279||4,834| ||Carlincott account||1,823||1,823||1,823| ||CBF deposit||44,876||44,876||59,847| ||**TOTAL Cash Funds**||49,525|3,455|52,979||66,505| ||||||||| |**Other accounts associated with PCC**|||||||| ||Movement||0|35,010|35,010||32,279| ||Food bank||0|36,863|36,863||32,829| ||The Hive||0|74,120|74,120||67,342| ||||||||| ||**Total associated funds**||0|145,993|145,993||132,450| ||||||||| |**Fixed Assets**|||||||| ||Computers||2,539||2,539||2,539| ||Office equipment||1,834||1,834||1,834| ||Heatingand hot water systems||17,047||17,047||17,047| ||Sound systems||7,126||7,126||7,126| ||Storage shed||1,504||1,504||1,504| ||Church hall fixtures||4,990||4,990||4,990| ||Property||396,000||396,000||197,351| ||||||||| ||**Total Fixed Assets**||431,040|0|431,040||232,391| ||||198,649||||| |**Non cash assets and liabilities**|||||||| ||credit card andpensions control||(853)||(853)||(258)| ||account receivable||1,332||1,332||1,931| ||stripe control account||0||0||132| ||||||||| ||**Total Liabilities**||479|0|479||1,805| ||||||||| ||||||||| ||**TOTAL ASSETS EMPLOYED**||**481,043**|**149,448**|**630,491**||**433,150**| 10 **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 DECEMBER 2021 |**5. RESTRICTED FUNDS**|**Balance at**|**Changes in**
**year**|**Balance at**| |---|---|---|---| ||**01.01.21**||**31.12.21**| ||**£**|**£**|**£**| |Hardship fund|568|1,755|2,322| |SJs Peasedown|0|0|0| |Sanctuary|1,132|0|1,132| |Re-ordering|0|0|0| |Food Bank|32,829|4,318|37,147| |Movement|32,279|2,731|35,010| |The Hive account|67,342|6,778|74,120| ||||| ||**134,149**|**15,582 **|**149,732 **| |**6. ANALYSIS OF FUNDS**|**Unrestricted**|**Restricted**|**Total funds**| |---|---|---|---| ||||**2,021**| ||||| |Fixed Assets|431,040|0|431,040| |Investments|0|0|0| |Current Assets|50,572|149,732|200,304| |Current Liabilities|0|0|0| ||||| ||**481,612**|**149,732 **|**631,344**| ## **7. PCC MEMBERS WHO ARE TRUSTEES’ REMUNERATION, EXPENSES AND TRANSACTIONS** The PCC members who are also Trustees did not receive any remuneration for their role as Trustees and were not reimbursed for any expenses incurred in carrying out their duties as Trustees. 11 **THE PAROCHIAL CHIRCH COUNCIL OF THE** ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 DECEMBER 2021 ## Appendix 1 ## Membership of the Parochial Church Council Clergy Rev Matthew Street Incumbent from January 2005 Church Wardens Nigel Vening Joy Fraser (elected 2021 for a 1 year term to 2022) (elected 2021 for a 1 year term to 2022) ## PCC Members Catherine Aherne Ben Attenborough Sarah Bubyer Sally Cummings Andy Fraser Anna Mayo Heather Morgan Ed Pope Mary Warren (elected 2020 for a 3 year term to 2023) (elected 2020 for a 3 year term to 2023) (elected 2020 for a 3 year term to 2023) (elected 2021 for a 3 year term to 2024) (elected 2019 for a 3 year term to 2022) (elected 2020 for a 3 year term to 2023) (elected 2021 for a 3 year term to 2024) (elected 2020 for a 3 year term to 2023) (elected 2021 for a 3 year term to 2024) Deanery Synod Members Jo Vening Jane Street (elected 2020 for a 3 year term to 2023) (elected 2020 for a 3 year term to 2023) PCC Secretary Jo Vening 12