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 2023
Charity Number 1175515
ST. PETER’S IN THE CITY
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
| 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
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 Joshua Pell
Registered office Independent Examiner
St. Peter’s Street Derby DE1 1SN
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 2023
The Trustees, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 December 2023.
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 again 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. There was a combination of food parcels and 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. During the year the employee who carried out the bulk of the support work suddenly left. We are in the process of replacing him. The project takes a significant amount of funds, and we are also starting to work with professional fund raisers to meet some of the shortfall.
- 2 -
ST. PETER’S IN THE CITY
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
The church hosts a weekly debt advice clinic. The church also provides financial support for the debt advice clinic.
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] 2023 were £206,559.
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 2023 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:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
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 2023
| Permanent Endowment | Permanent Endowment | ||||||
|---|---|---|---|---|---|---|---|
| Funds | |||||||
| Restricted | |||||||
| General | Fund | Fund | Crown | St. Trust Fund | |||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||||
| Receipts before interest | |||||||
| Events | 0 | 0 | 0 | 0 | 0 | 0 | |
| Fees | 682 | 628 | 0 | 0 | 0 | 0 | |
| General giving | 38210 | 28410 | 17860 | 43188 | 0 | 0 | |
| Tax refunds on giving | 5170 | 0 | 0 | 0 | 0 | 0 | |
| Church and hall fabric | 0 | 4775 | 0 | 0 | 0 | 0 | |
| St. Peter's Centre Rent Income | 27545 | 26006 | 0 | 0 | 0 | 0 | |
| Legacies | 2484 | 152000 | 0 | 0 | 0 | 0 | |
| Other receipts | 583 | 650 | 0 | 0 | 0 | 0 | |
| Buildings & General donations/grants | 5163 | 5300 | 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 | 5250 | 3492 | 0 | 0 | 0 | 0 | |
| Total receipts before interest | 85087 | 221261 | 17860 | 43188 |
- 5 -
ST. PETER’S IN THE CITY
RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2023
| Payments | ||||||
|---|---|---|---|---|---|---|
| Administration | -12646 | -13673 | 0 | 0 | 0 | |
| Church and hall fabric | -57365 | -45809 | 0 | 0 | 0 | |
| Insurance | -4856 | -4495 | 0 | 0 | 0 | |
| Parish Share | -18000 | -18000 | 0 | 0 | 0 | |
| Ministry | -7490 | -7024 | 0 | 0 | 0 | |
| Mission (including tithe) | -1276 | -100 | 0 | 0 | 0 | |
| Worship | -412 | -1131 | 0 | 0 | 0 | |
| Young people | -24 | -19 | 0 | 0 | 0 | |
| Other payments | -2944 | -3347 | -33471 | -60840 | 0 | 0 |
| Buildings Fund | 0 | 0 | 0 | 0 | 0 | |
| Special collections | 0 | 0 | 0 | 0 | 0 | |
| - | ||||||
| Total payments | 105012 | -93598 | -33471 | -60840 | ||
| Net receipts before interest | -19925 | 127663 | -15611 | -17652 | ||
| Cash balances, interest and | ||||||
| transfers | ||||||
| Opening cash | 230161 | 106398 | 17539 | 31291 | 31917 | 36748 |
| Net receipts before transfers | -19925 | 127663 | -15611 | -17652 | 1675 | -4931 |
| Transfers between funds | -3677 | -3900 | 3677 | 3900 | 0 | 0 |
| Loans and loan repayments | 0 | 0 | 0 | 0 | 0 | 0 |
| Closing cash | 206559 | 230161 | 5605 | 17539 | 33592 | 31817 |
| Loans written-off |
- 6 -
ST. PETER’S IN THE CITY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] DECEMBER 2023
| Permanent Endowment General Fund Restricted Fund Crown St. Trust Fund 2023 2022 2023 2022 2023 2022 £ £ £ £ £ £ |
|
| Cash assets Petty Cash 0 35 0 0 0 0 Bank current account 143105 182889 0 0 0 0 CBF Deposit Fund 63455 47237 5605 17539 0 0 Bank Buildings current account 0 0 0 0 0 0 Liabilities 0 0 0 0 0 0 |
|
| Total cash 206559 230161 5605 17539 |
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 21038 19229 0 0 0 0 CBF Fixed Securities 40933 38769 0 0 33592 31817 |
|
| 61971 57998 0 0 |
33592 31817 |
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 Toddler (Gen) Toddler Chaplaincy Nightingale Window Coop carols Worship subs and equipment Building Gift Day 20 TOGS Sacred Bean |
Opening Balance Income Expenditure Transfer Between Funds Balance £ £ £ £ £ 2250 0 0 0 2250 -2686 5858 -22743 0 -19571 12999 795 -3996 0 9798 -2506 5425 -500 0 2419 1222 75 -1305 0 -8 -5544 5584 -4640 0 -4600 264 0 0 0 264 278 0 0 0 278 -2160 0 0 2160 0 427 0 0 0 427 49 0 -75 0 -26 1087 0 -92 0 995 10898 122 0 0 11020 2599 0 0 0 2599 -120 0 -120 0 -240 -1517 0 0 1517 0 |
|---|---|
| 17539 17860 -33471 3677 5605 |
- 8 -