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2022-12-31-accounts

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 2022

Charity Number 1175515

ST. PETER’S IN THE CITY

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

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 (Passed away during the year) Rev Anita Kathryn Matthews Brenda French Lesley Kitson Dr Neil Harvey Tim Benson Carolyn Miller Elizabeth Runcorn Janet MacIntyre Dr WilliamPoole Dr Kathryn Ellis Rev Nicholas John Parish Terry Peter Mann (Appointed 16[th] October 2022)

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 2022

The Trustees, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 December 2022.

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 church continues in an interregnum.

Whilst Covid does not have the effect it used to, Sunday giving is considerably down, as people carry less cash than they did pre-pandemic.

During the year St Peters has supported projects in Ethiopia and Derby. 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 Aldi vouchers. These could not be used to purchase alcohol or tobacco. These went to around 500 households – well over 1000 people.

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 three part time members of staff to help with this.

The church hosts a weekly debt advice clinic. The church also provides financial support for the debt advice clinic.

- 2 -

ST. PETER’S IN THE CITY

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2022

The church also supports a local homeless centre.

The church is open for much of the week providing a place for prayer and reflection within the city centre.

The regular services for worship are held. These are both live in church and on Zoom for some congregation who are not able to get in.

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] 2022 were £230,161.

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 2022 which are set out on pages 5 to 8 .

Respective responsibilities of the trustees and examiner

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 2011 Act and in carrying out my examination, I have followed the 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 which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which 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 DE1 1RY

- 4 -

ST. PETER’S IN THE CITY

RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2022

Permanent Endowment Permanent Endowment
Funds
Restricted
General Fund Fund Crown St. Trust Fund
2022 2021 2022 2021 2022 2021
£ £ £ £
Receipts before interest
Events 0 0 0 0 0 0
Fees 628 273 0 0 0 0
General giving 28410 31950 43188 37730 0 0
Tax refunds on giving 0 9141 0 2338 0 0
Church and hall fabric 4775 2586 0 0 0 0
St. Peter's Centre Rent Income 26006 9512 0 0 0 0
Legacies 152000 20 0 0 0 0
Other receipts 650 66 0 0 0 0
Buildings & General donations/grants 5300 285 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
Interest and dividends 3492 2875 0 0 0 0
Total receipts before interest **221261 ** **56707 ** 43188 40068

- 5 -

ST. PETER’S IN THE CITY

RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2022

Payments

Administration
-13673
-8627
0
0
0
0
Church and hall fabric
-45809
-26290
0
0
0
0
Insurance
-4495
-4274
0
0
0
0
Parish Share
-18000
-18000
0
0
0
0
Ministry
-7024
-4512
0
0
0
0
Mission (including tithe)
-100
-765
0
0
0
0
Worship
-1131
-1488
0
0
0
0
Young people
-19
0
0
0
0
0
Other payments
-3347
-518
-60840
-56287
0
0
Buildings Fund
0
0
0
0
0
0
Special collections
0
-1440
0
0
0
0		 Payments

Administration
-13673
-8627
0
0
0
0
Church and hall fabric
-45809
-26290
0
0
0
0
Insurance
-4495
-4274
0
0
0
0
Parish Share
-18000
-18000
0
0
0
0
Ministry
-7024
-4512
0
0
0
0
Mission (including tithe)
-100
-765
0
0
0
0
Worship
-1131
-1488
0
0
0
0
Young people
-19
0
0
0
0
0
Other payments
-3347
-518
-60840
-56287
0
0
Buildings Fund
0
0
0
0
0
0
Special collections
0
-1440
0
0
0
0		 Payments

Administration
-13673
-8627
0
0
0
0
Church and hall fabric
-45809
-26290
0
0
0
0
Insurance
-4495
-4274
0
0
0
0
Parish Share
-18000
-18000
0
0
0
0
Ministry
-7024
-4512
0
0
0
0
Mission (including tithe)
-100
-765
0
0
0
0
Worship
-1131
-1488
0
0
0
0
Young people
-19
0
0
0
0
0
Other payments
-3347
-518
-60840
-56287
0
0
Buildings Fund
0
0
0
0
0
0
Special collections
0
-1440
0
0
0
0
Total payments
-93598
-65913
-60840
-56287
Net receipts before interest
127663
-9206
-17652
-16219
Cash balances, interest and
transfers
Opening cash
106398
115604
31291
47511
36748
39364
Net receipts before transfers
127663
-9206
-17652
-16219
-4931
-2616
Transfers between funds
-3900
0
3900
0
0
0
Loans and loan repayments
0
0
0
0
0
0
Closing cash 230161
106398		 17539
31291
31817
36748
Loans written-off

.

- 6 -

ST. PETER’S IN THE CITY

STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] DECEMBER 2022

Permanent Permanent
Endowment
Crown St. Trust
General Fund Restricted Fund Fund
2022 2021 2022 2021 2022 2021
£ £ £ £ £ £
Cash assets
Petty Cash 35 265 0 0 0 0
Bank current account 182889 76078 0 0 0 0
CBF Deposit Fund 47237 30055 17539 31291 0 0
Bank Buildings current account 0 0 0 0 0 0
Liabilities 0 0 0 0 0 0
Total cash 230161 106398 17539 31291 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 19229 21795 0 0 0 0
CBF Fixed Securities 38769 44778 0 0 31817 36748
57998 66573 0 0 31817 36748

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

Staff
Inside Out
Jubilee
Lent project
Liv/alms/vic disc
STC/CLOJ
Table talk
Toddler (Gen)
Toddler
Weekends
Chaplaincy
Nightingale Window
Darren special expenses
Co-op carols
Worship subs and equipment
Building
Gift day
TOGS
Sacred Bean
Worship Group		 Opening
Balance
Income
Expenditure
Transfer
Between
Funds
Closing
Balance
£
£
£
£
£
2250
0
0
0
2250
14887
13426
-31000
0
-2686
10475
6520
-3996
0
12999
-614
6015
-7907
0
-2506
1158
664
-600
0
1222
-3954
14015
-15605
0
-5544
-673
0
0
673
0
264
0
0
0
264
278
0
0
0
278
-2625
0
0
2625
0
-2106
0
-54
0
-2160
427
0
0
0
427
-427
0
0
427
0
49
0
0
0
49
-574
1661
0
0
1087
10173
767
-42
0
10898
2599
0
0
0
2599
-120
120
-120
0
-120
0
0
-1517
0
-1517
-175
0
0
175
0
31291
43188
-60840
3900
17539

- 8 -