**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 -**