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 2024
Charity Number 1175515
ST. PETER’S IN THE CITY
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
| 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 William Poole Dr Kathryn Ellis Rev Nicholas John Parish Terry Peter Mann Joshua Pell Rev Susan Leather (Appointed 30[th] June 2024)
Registered office
St. Peter’s Street Derby DE1 1SN
Independent Examiner
Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
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ST. PETER’S IN THE CITY
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
The Trustees, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 December 2024.
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
Rev Anita Matthews was appointed Priest in Charge towards the end of 2024. She will be appointed vicar in 2025.
Congregation numbers are starting to rise. Services are weekly live and on Zoom for those unable to get to church. General giving remains fairly static.
The Lent Project helped, among others, WORTH, a local Women’s charity.
Christmas Lunch on Jesus, run in conjunction with Derby Food4Thought Alliance, provided food for over 1000 people.
Inside Out has been challenging. A New worker was appointed, but at the moment there is only one person on the programme.
Funding is tight and further funding options are being investigated. The church continues to host a debt advice centre, and support a local homeless centre. Numerous community groups continue to use the centre during the week.
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ST. PETER’S IN THE CITY
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
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] 2024 were £190,108.
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
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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 2024 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
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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
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ST. PETER’S IN THE CITY
RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2024
| Permanent Endowment | Permanent Endowment | ||||||
|---|---|---|---|---|---|---|---|
| Funds | |||||||
| Restricted | |||||||
| General | Fund | Fund | Crown | St. Trust Fund | |||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||||
| Receipts before interest | |||||||
| Events | 0 | 0 | 0 | 0 | 0 | 0 | |
| Fees | 158 | 682 | 0 | 0 | 0 | 0 | |
| General giving | 44009 | 38210 | 33226 | 17860 | 0 | 0 | |
| Tax refunds on giving | 10302 | 5170 | 0 | 0 | 0 | 0 | |
| Church and hall fabric | 3077 | 0 | 0 | 0 | 0 | 0 | |
| St. Peter's Centre Rent Income | 31838 | 27545 | 0 | 0 | 0 | 0 | |
| Legacies | 0 | 2484 | 0 | 0 | 0 | 0 | |
| Other receipts | 33 | 583 | 0 | 0 | 0 | 0 | |
| Buildings & General donations/grants | 1042 | 5163 | 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 | 7328 | 5250 | 0 | 0 | 0 | 0 | |
| Total receipts before interest | 97787 | 85087 | 33226 | 17860 |
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ST. PETER’S IN THE CITY
RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[s ] DECEMBER 2024
| Payments | ||||||
|---|---|---|---|---|---|---|
| Administration | -11938 | -12646 |
0 | 0 | 0 | 0 |
| Church and hall fabric | -68083 | -57365 |
0 | 0 | 0 | 0 |
| Insurance | -5085 | -4856 |
0 | 0 | 0 | 0 |
| Parish Share | -18000 | -18000 |
0 | 0 | 0 | 0 |
| Ministry | -6474 | -7490 |
0 | 0 | 0 | 0 |
| Mission (including tithe) | -17 | -1276 |
0 | 0 | 0 | 0 |
| Worship | -1000 | -412 |
0 | 0 | 0 | 0 |
| Young people | -10 | -24 |
0 | 0 | 0 | 0 |
| Other payments | -3631 | -2944 |
-54608 | -33471 | 0 | 0 |
| Buildings Fund | 0 | 0 |
0 | 0 | 0 | 0 |
| Special collections | 0 | 0 |
0 | 0 | 0 | 0 |
| Total payments | -114238 | -105012 |
-54608 |
-33471 | ||
| Net receipts before interest | -16451 | -19925 |
-21382 | -15611 | ||
| Cash balances, interest and | ||||||
| transfers | ||||||
| Opening cash | 206559 | 230161 |
5605 | 17539 | 33592 | 31917 |
| Net receipts before transfers | -16451 | -19925 |
-21382 | -15611 | 1014 | 1675 |
| Transfers between funds | 0 | -3677 |
0 | 3677 | 0 | 0 |
| Loans and loan repayments | 0 | 0 |
0 | 0 | 0 | 0 |
| Closing cash | 190108 | 206559 |
-15777 | 5605 | 34606 | 33592 |
| Loans written-off |
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ST. PETER’S IN THE CITY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] DECEMBER 2024
| Permanent Endowment General Fund Restricted Fund Crown St. Trust Fund 2024 2023 2024 2023 2024 2023 £ £ £ £ £ £ |
Permanent Endowment General Fund Restricted Fund Crown St. Trust Fund 2024 2023 2024 2023 2024 2023 £ £ £ £ £ £ |
|---|---|
| Cash assets Petty Cash 0 0 0 0 0 0 Bank current account 99071 143105 0 0 0 0 CBF Deposit Fund 91037 63455 -15777 5605 0 0 Bank Buildings current account 0 0 0 0 0 0 Liabilities 0 0 0 0 0 0 |
|
| Total cash 190108 206559 -15777 5605 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 21520 21038 0 0 0 0 CBF Fixed Securities 42168 40933 0 0 34606 33592 |
|
| 63688 61971 0 0 |
34606 33592 |
These financial statements were approved by the trustees and authorised, and are signed on their behalf by:
Trustee______ Date __
Trustee______ Date __
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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 16 Coop carols Nightingale Window Coop carols Worship subs and equipment Building Gift Day 20 TOGS Sacred Bean Lent Project |
Opening Balance Income Expenditure Transfer Closing Balance £ £ £ £ £ 2250 0 0 0 2250 -19571 3340 -20854 0 -37085 9798 2324 -3996 0 8126 2419 0 0 0 2419 -8 7110 -10411 0 -3308 -4600 17124 -15622 0 -3097 264 0 0 0 264 278 0 0 0 278 0 0 -100 0 -100 427 0 0 0 427 -26 0 0 0 -26 995 0 0 0 995 11020 0 0 0 11020 2599 0 0 0 2599 -240 0 0 0 -240 0 0 0 0 0 0 3328 -3625 0 -298 |
|---|---|
| 5605 33226 -54608 0 -15777 |
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