**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **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 2023** 

## **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 

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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **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**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **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 2023. PCC membership remained at 14 members this year. Three PCC meetings were held in 2023 with an average attendance of 9 

## **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 held in the church building on a Monday and Friday morning between 10am and 12noon enables us to engage with young families in the area on a weekly basis. 

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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

2023 Sermon Series ‘One Body – Many Parts’ 

Looked at 12 parts of the body and studied in detail how some of the biblical authors have used this particular body part to highlight a spiritual discipline that we can apply in our daily walk with God. 

## Mission and Outreach 

Donations of £9,186 (£9,312 in 2022) to our mission partners: Redeemer Primary School in Baghdad, Bibles for Children, One-25, Tutela Africa, Flame International, SAT 7. 

## **Financial Review of the Year** 

From 1[st] January 2022, the Foxcote bank accounts and transactions were included in the PSJ accounts. Total incoming resources for 2023 were £343,890 (2022 £287,483). This is made up of £158,852 of unrestricted funds and £185,038 of restricted funds. 

Expenditure for 2023 was £308,926 (2022 £296,850). This is made up of unrestricted expenditure of £157,805 and restricted expenditure of £151,121. 

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 2023 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 parishes of Peasedown St John, Foxcote and Shoscombe 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**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **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: 17[th] March 2024** 

5 



## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **Independent Examiner’s Report to the PCC of Saint John’s Peasedown for the year ended 31[st] December 2023** 

This report on the financial statements of the PCC for the year ended 31[st] December 2023, 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 8th March 2024 

6 



## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Statement of Financial Activities**||||||
|---|---|---|---|---|---|
|**Balance Sheet as at 31 December 2023**||||||
|||||||
|**Income and Expenditure**||||||
||Notes|**Unrestricted**|**Restricted**|**Total 2023**|**Total 2022**|
|||**Funds**|**Funds**|||
|||**£**|**£**|**£**|**£**|
|||||||
|**Incoming Resources**||||||
|||||||
|Voluntaryincome|2|116,397|0|116,397|105,623|
|Activities forgeneratingfunds||2,382|138,162|140,544|98,010|
|Investment income||5,473|0|5,473|1,566|
|IncomingResources from Charitable Activities||34,600|46,876|81,476|82,284|
|||||||
|||||||
|**Total Incoming Resources**||**158,852**|**185,038**|**343,890**|**287,483**|
|||||||
|||||||
|**Resources Expended**||||||
|||||||
|Costs ofgeneratingvoluntaryincome||0|0|0|0|
|Fundraisingtradingcosts||2,286|0|2,286|0|
|Investment management costs||0|0|0|0|
|Charitable expenditure|3|121,643|151,121|272,764|266,423|
|Governance costs||33,876|0|33,876|30,427|
|||||||
|**Total Resources Expended**||**157,805**|**151,121**|**308,926**|**296,850**|
|||||||
|||||||
|**Net Movement in Revenue Funds**||**1,047**|**33,917**|**34,964**|**(9,368)**|
|||||||
|||||||
|**Transfer to restricted**||52,961|(52,961)|0||
|**Prior Year adjustment**||0|(15,700)|(15,700)||
|**Balances brought forward 1/1/23**||292,727|152,004|444,731|257,443|
|||||||
|**Total Funds to carry forward 31/12/23**||**346,735**|**117,259**|**463,995**|**248,075**|



7 



## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Balance Sheet**|||||
|---|---|---|---|---|
|**At 31st December 2023**||**Dec-23**||**Dec-22**|
||||||
||Notes|£||£|
|**Fixed Assets**|||||
|Tangible fixed assets|4|446,784||446,355|
||||||
|||446,784||446,355|
||||||
|**Current Assets**|||||
|Debtors||864||864|
|Cash at Bank and in Hand||5,523||6,956|
|Deposit, food bank, CBF accounts, Hive, Movement||148,085||181,487|
|Friends of Foxcote, main Foxcote account||8,962||8,489|
|SVFB CBF deposit||54,227|||
||||||
|Total current assets||217,661||197,797|
||||||
|Creditors: amounts fallingdue within oneyear||(842)||(773)|
||||||
|Net Current Assets||216,820||197,024|
||||||
||||||
|Total Assets less Current Liabilities||663,604||643,380|
||||||
|Creditors: amounts fallingdue after|||||
|more than oneyear||0||0|
|Net Assets||**663,604**||**643,380**|
||||||
||||||
|**Represented by:**|||||
|Funds|||||
|Restricted Funds|5|117,259||152,004|
|Unrestricted Funds|6|346,735||292,727|
|Revaluation Reserve||199,609||198,649|
|||**663,604**||**643,380**|



Approved at the Annual Parochial Church Meeting held on Sunday 17[th] March 2024 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 2023**_ 

## 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**|
|---|---|---|---|---|
||||**2,023**|**2,022**|
||**£**|**£**|**£**||
|Planned Giving under gift aid|62,394|0|62,394|65,603|
|Planned giving not under gift aid|28,665|0|28,665|18,019|
|Collection under gift aid|5,320|0|5,320|0|
|Collections not under gift aid|2,064|0|2,064|3,621|
|Loose collections in services|0|0|0|1,903|
|Carlingcott donations|465|0|465|0|
|Legacies and major grants / donations|0|0|0|0|
|Income tax Recoverable|17,489|0|17,489|16,478|
||||||
||**116,397**|**0**|**116,397**|**105,623**|



9 



**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ 

|**3.  COSTS OF CHARITABLE ACTIVITIES**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Grants|9,186|9,312|
|Parish Share|38,680|37,574|
|Staffing|36,339|43,713|
|Services Expenses|3,258|1,068|
|Outreach and Mission|126,697|110,473|
|Buildings and Grounds|284|18,979|
|Establishment|17,194|1,179|
|Miscellaneous and Other|38,867|41,794|
|Friends of Foxcote|2,260|2,333|
||**272,764**|**266,424**|



|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|**Statement of assets and liabilities as at 31 December 2023**|
|---|---|---|---|---|---|---|---|
|||||||||
||||**Unrestricted **|**Restricted**|**Total**||**All funds**|
||||**2023**|**2023**|**2023**||**2022**|
||||**£**|**£**|**£**||**£**|
|**Cash Funds under control of the PCC**||||||||
||Current account||3,166|2,357|5,523||6,956|
||Carlincott account||1,823||1,823||1,823|
||Alison Coles CBF fund||0|14,784|14,784||15,315|
||CBF deposit||40,320||40,320||38,443|
||SVFB CBF Deposit|||54,227|54,227|||
|||||||||
||**TOTAL Cash Funds**||45,310|71,367|116,678||62,538|
|||||||||
|**Other accounts associated with PCC**||||||||
||Movement||0|19,816|19,816||26,054|
||Food bank||0|12,324|12,324||47,928|
||The Hive||0|73,800|73,800||67,240|
||Friends of Foxcote||0|8,962|8,962||8,489|
||**Total associated funds**||0|114,903|114,903||149,710|
|||||||||
|**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||396,960||396,960||396,000|
||**Total Fixed Assets**||432,000|0|432,000||431,040|
|||||||||
|**Non cash assets and liabilities**||||||||
||credit card andpensions control||(842)||(842)||(773)|
||account receivable||864||864||864|
||stripe control account||0||0||0|
||**Total Liabilities**||23|0|23||92|
|||||||||
|||||||||
||**TOTAL ASSETS EMPLOYED**||**477,333**|**186,270**|**663,603**||**643,380**|



10 



**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ 

|**5.  RESTRICTED FUNDS**|**Balance at**|**Changes in**<br>**year**|**Balance at**|
|---|---|---|---|
||**01.01.23**||**31.12.23**|
||**£**|**£**|**£**|
|Hardship fund|1,225|0|1,225|
|Sanctuary|1,132|0|1,132|
|Food Bank|47,928|(35,604)|12,324|
|Movement|26,054|(6,237)|19,816|
|The Hive account|67,240|6,561|73,800|
|Friends of Foxcote|8,426|536|8,962|
|||||
|||||
||**152,004**|**(34,744)**|**117,259**|



|**6.  ANALYSIS OF FUNDS**|**Unrestricted**|**Restricted**|**Total funds**|
|---|---|---|---|
||||**2,023**|
|||||
|Fixed Assets|432,000|0|432,000|
|Investments|0|14,784|14,784|
|Current Assets|100,402|117,259|217,661|
|Current Liabilities|(842)|0|(842)|
|||||
||**531,560**|**132,043**|**663,603**|



## **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 2023**_ 

## **Appendix 1** 

## **Membership of the Parochial Church Council** 

**Clergy** Rev Matthew Street 

Incumbent from January 2005 

**Church Wardens** Richard Downing Nigel Vening 

(elected 2023 for a 1 year term to 2024) (elected 2023 for a 1 year term to 2024) 

## **PCC Member** s 

Ben Attenborough Sarah Bubyer Margaret Coles Sally Cummings Joy Fraser Bob Goode Heather Morgan Claire Mitchell Mary Warren 

(elected 2023 for a 3 year term to 2026) (elected 2023 for a 3 year term to 2026) (elected 2022 for a 3 year term to 2025) (elected 2021 for a 3 year term to 2024) (elected 2023 for a 3 year term to 2026) (elected 2022 for a 3 year term to 2025) (elected 2021 for a 3 year term to 2024) (elected 2023 for a 3 year term to 2026) (elected 2021 for a 3 year term to 2024) 

## **Deanery Synod Members** 

Jo Vening Jane Street 

(elected 2023 for a 3 year term to 2026) (elected 2023 for a 3 year term to 2026) 

**PCC Secretary** Jo Vening 

12