**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER’S WITH CHRIST AND HOLY TRINITY, DERBY** **(WORKING NAME : ST PETER’S IN THE CITY)** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **31 DECEMBER 2020** **Charity Number 1175515** ## **ST. PETER’S IN THE CITY** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2020** |**Contents**|**Page**| |---|---| |Members of the board and professional advisers|**1**| |Trustees’ annual report|**2-3**| |Independent Examiner’s Report|**4**| |Receipts and Payments Account|**5-6**| |Statement of Assets and Liabilities|**7**| |Notes to the financial statements|**8**| ## **ST. PETER’S IN THE CITY** ## **MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS** ## **Board of Trustee** Albert Edward Chambers Rev Anita Kathryn Matthews Brenda French Lesley Kitson Dr Neil Harvey Tim Benson Wayne Haycock Carolyn Miller Elizabeth Runcorn Janet MacIntyre Bill Poole **Registered office** St. Peter’s Street Derby DE1 1SN ## **Independent Examiner** Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY **- 1 -** ## **ST. PETER’S IN THE CITY** ## **TRUSTEES’ ANNUAL REPORT** ## **YEAR ENDED 31 DECEMBER 2020** The Trustees, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 December 2020. ## **STRUCTURE , GOVERNANCE AND MANAGEMENT** ## **Governing document** St. Peter’s in the City was registered as a charity on 2 November 2017 and its principal address is St. Peter’s Street, Derby, DE1 1SN ## **Trustees Selection methods** The recruitment of Trustees is reviewed periodically and at least on an annual basis. ## **Risk Management** The Trustees undertake a review of the major risks to the financial sustainability of the organisation annually and monitors the risks throughout the year. ## **OBJECTIVES AND ACTIVITIES** Promoting in the Ecclesiastical Parish the whole mission of the church. ## **SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS** In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustees meetings. The charity is open to all individuals irrespective of race, gender or any other personal circumstances. ## **ACTIVITIES AND ACHIEVEMENTS** The vicar of St Peter’s, Rev Paul Morris retired in August 2020, and the church entered an interregnum. The Covid pandemic has had a major bearing on our work. In spite of this, we have tried to continue with as much work as possible. During the year St Peters has supported a project working to empower women in Kolkata. Money for this came from the annual lent project. The Christmas lunch on Jesus project went ahead, but with a different format. Instead of food parcels we delivered Sainsbury vouchers. These could only be used in one shop in Derby and they could not be used to purchase alcohol or tobacco. Our support of a similar project in Kolkata, India continued. The Inside Out project continued throughout the year. This supports recently released offenders, or those seen as at risk of offending, and aims to reduce the risk of reoffending and help adjusting to life outside prison. The church employs two part time member of staff to help with this. These staff were on furlough at the start of the pandemic. One left in August to start a new job. **- 2 -** ## **ST. PETER’S IN THE CITY** ## **TRUSTEES’ ANNUAL REPORT** ## **YEAR ENDED 31 DECEMBER 2020** The church hosts a weekly refugee and asylum seekers clinic, and also a weekly debt advice clinic. The church also provides financial support for the debt advice clinic. These both stopped when lockdown began. It is hoped that they will restart in 2021. Financial support for the debt advice clinic has continued throughout the period. The church also supports a local homeless centre. Until March, the church was open for much of the week providing a place for prayer and reflection within the city centre. The regular services for worship were held as normal until March. A shortened Sunday service resumed when permitted, in a socially distanced format. This stopped with the second lockdown ## **FINANCIAL ACTIVITIES AND RESULTS** ## **RESERVES** The Charity aims to build up reserves to cover costs in the event of a drop in income. Unrestricted Reserves held as at December 31[st] 2020 were £115,604. ## **INDEPENDENT EXAMINERS** Derby Community Accountancy Services were appointed as independent examiners during the year and have expressed their willingness to continue in office for the ensuing year. Registered office: St. Peter’s in the City St Peter’s Street Derby DE1 1SN Signed on behalf of the trustees Trustee Approved by the trustees on **- 3 -** ## **ST. PETER’S IN THE CITY** ## **Independent Examiner's Report to the Trustees of St. Peter’s in the City** I report on the accounts for the year ended 31 December 2020 which are set out on pages 5 to 8 . ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011(the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, as amended); and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## **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 130 of the Charities Act 2011; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act 2011 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. Mark Newey ACMA Date Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby **- 4 -** ## **ST. PETER’S IN THE CITY** ## **RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2020** ||||||**_Permanent Endowment_**|**_Permanent Endowment_**|| |---|---|---|---|---|---|---|---| ||||||**_Funds_**||| ||||**Restricted**||**Crown St. Trust**||| ||**General**|**Fund**|**Fund**|||**Fund**|| ||2020|2019|2020|2019|2020|2019|| ||||£|£|£|£|| |**Receipts before interest**|||||||| |Events|0|0|0|0|0||0| |Fees|223|291|0|0|0||0| |General giving|50898|46758|57017|57520|0||0| |Tax refunds on giving|9746|11512|4598|1427|0||0| |Church and hall fabric|939|345|0|0|0||0| |St. Peter's Centre Rent Income|12933|28110|0|0|0||0| |Legacies|0|19748|0|0|0||0| |Other receipts|2911|489|0|0|0||0| |Buildings & General donations/grants|0|0|0|0|0||0| |Special collections Lent, STC, etc|0|0|0|0|0||0| |Young people|0|0|0|0|0||0| |Sale of Boyer Street investment|||||||| |shares|0|0|0|0|0||0| |Interesrand dividends|3643|4315|0|0|0||0| |**Total receipts before interest**|**81295**|**111568**|**61616**|**58947**|||| **- 5 -** ## **ST. PETER’S IN THE CITY** ## **RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2020** |||| |---|---|---| |**Payments**
Administration
-12934
-8683
0
0
Church and hall fabric
-23402
-30435
0
0
Insurance
-4228
-4202
0
0
Parish Share
-18000
-18000
0
0
Ministry
-5882
-5785
0
0
Mission (including tithe)
-35
-489
0
0
Worship
-1685
-1003
0
0
Young people
0
0
0
0
Other payments
-1594
-4565
-46737
-64868
Buildings Fund
0
0
0
0
Special collections
-2195
0
0
0||0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |**Total payments**
**-69955**
**-73163**
**-46737 **
**-64868**||| |||| |**Net receipts before interest**
**11340**
**38405**
**14879**
**-5922**||| |||| |**Cash balances, interest and**
**transfers**
Opening cash
104264
65859
32632
38554
Net receipts before interest and
transfers
11340
38405
14879
-5922
Transfers between funds
0
0
0
0
Loans and loan repayments
0
0
0
0||38022
37189
1342
833
0
0
0
0| |||| |||| |||| |||| |||| |**Closing cash **
**115604 **
**104264 **
**47511**
**32632 **||**39364 **
**38022**| **- 6 -** ## **ST. PETER’S IN THE CITY** ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] DECEMBER 2020** ||| |---|---| |**_Permanent Endowment_**
**General Fund**
**Restricted Fund**
**Crown St. Trust Fund**
2020
2019
2020
2019
2020
2019
£
£
£
£
£
£|| |**Cash assets**
Petty Cash
216
57
0
0
0
0
Bank current account
104428
81998
0
0
0
0
CBF Deposit Fund
10960
22209
47511
32632
0
0
Bank Buildings current account
0
0
0
0
0
0
Liabilities
0
0
0
0
0
0|| |**Totalcash **
**115604 **
**104264 **
**47511**
**32632 **|**0**
**0**| ||| |**Investment assets at cost**
CBF Investment Fund
10000
10000
0
0
0
0
CBF Fixed Interest Securities
Fund
45400
45400
0
0
35895
35895|| |**55400**
**55400**
**0**
**0**
**35895**
**35895**|| |**Total investments at Market**
**Value**
CBF Investment Fund
19067
17840
0
0
0
0
CBF Fixed Securities
47965
46331
0
0
39364
38022|| |**67032 **
**64171**
**0**
**0**|**39364 **
**38022**| These financial statements were approved by the trustees and authorised, and are signed on their behalf by: Trustee______________________________ Date ______________ Trustee______________________________ Date ______________ **- 7 -** ## **ST. PETER’S IN THE CITY** ## **NOTES TO THE ACCOUNTS** ## **Note 1** Restricted Fund Balances |Sacred Bean
TOGS
Staff
Toddler
Weekends
Chaplaincy
Nightingale Window
Darren special expenses
Coop carols
Worship subs and equipment
Building
Gift day
Inside Out
Jubilee
Lent project
Liv/alms/vic disc
STC/CLOJ
Table talk
Toddler (Gen)|**Opening**
**Balance**
**Receipts**
**Expenditure**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**£**
**£**
**£**
**£**
**£**
-44
199
0
0
155
-1560
2040
-480
0
0
2250
0
0
0
2250
278
0
0
0
278
-2625
0
0
0
-2625
-2206
3917
-3817
0
-2106
427
0
0
0
427
-333
0
-94
0
-427
117
0
-69
0
49
-383
0
-191
0
-574
8501
1281
0
0
9782
1149
456
0
0
1605
16115
28335
-15103
0
29347
3706
5755
-3996
0
5465
-2373
5770
-6151
0
-2754
1419
246
-600
0
1065
6638
13523
-14677
0
5484
-767
94
0
0
-673
2324
0
-1560
0
764| |---|---| ||**32632 **
**61616**
**-46737 **
**0**
**47511**| **- 8 -** ST. PETER'S IN THE CITY