2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Peter's Walsall

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St Peter's Parochial Church Council

Independently Examined Statement of Accounts Year ended 31 December 2022

Registered Charity in England and Wales 1199076

St Peter's Parochial Church Council Financial statements for the year ended 31 December 2022

Charity registration number 1199076

Registered office address

St Peter's Church Stafford Street Walsall West Midlands WS2 8DX

PCC members / Trustees PCC Members Rev Gavin Burnage Kate Gray - Church Warden Karen Hardwick – Church Warden Anton Baker Kim Baker Carrie Blount Andrew Blount Robert Butau Nancy Crutchley Jean Caygill – Deanery Synod Representative Mandy Gilbert (appointed 24 May 2022) Gavin Hicks (resigned 31 May 2022) Jem Hicks (resigned 31 May 2022) Sumbal Gulzaman (resigned 31 May 2022) Rev Chris Lane Gill Rathbone Gary Turner Colin Tyne – Deanery Synod Representative Frances Tyne – Deanery Synod Representative

Accountants

TCA (Shrewsbury) LLP Third Floor, 21 St Mary's Street Shrewsbury Shropshire SY1 1ED

Page 3

St Peter's Parochial Church Council Financial statements for the year ended 31 December 2022

	Page
PCC Report	1 - 2
Independent Examiner's Report	3
Receipts and payments account	4
Statement of assets and liabilities	5
Notes to the accounts	6

Registered Charity in England and Wales Number 1199076

St Peter's Parochial Church Council Financial statements for the year ended 31 December 2022 PCC Report

Aims and Purposes

St Peters Church aims to promote the whole mission of the Church. pastoral, evangelistic, and social.

Objectives and activities

We're an inner-city church seeking to bring Hope & Transformation through the good news about Jesus to the Community, College & Centre of Walsall, West Midlands.

In 2012, St Peter’s Walsall was an ageing church on the brink of closure. As a last-gasp opportunity to halt and reverse decades of decline, work on a church plant began. First came the refreshing of our worship and the renewal of work with children and families. Partnership with Betel of Britain began a new work among people struggling with addiction. Alpha ran here for the first time, bringing new spiritual life and making new disciples. In 2016, Eden Walsall started, a small team moving in with, and working for, local people, and local young people in particular.

Now, many lives have changed. Both numerically and spiritually, the church has grown. Viable and vibrant once again, it is regaining its place in and for the heart of its deprived community. But the work of revitalisation is not complete. There are many challenges and opportunities before us which means the plant’s roots can grow deeper and stronger. Two in particular concern our buildings.

First, our Grade II listed church building is a much-loved community landmark. It has been the centre of life and worship here since 1841. In 2022 A green-energy heating system has now been installed to make it warm and welcoming for present and future generations. The pews have been removed and a new floor has been installed, which together with new seats. These overdue changes give a new layout with modern, flexible seating will facilitate a wider range of church and community activities than at any time in its history. Further improvements are also envisaged.

Second, a new partnership between the church and the Black Country YMCA has been forged, and long-term leasing arrangements means the existing, dilapidated church hall can be replaced. The new building will combine good, affordable housing for young people taking up first employment with a significantly improved Youth and Community Hall. This has now reached the planning stages with Walsall Council.

St Peter’s Walsall is still becoming what an inner-city church needs to be: a Kingdom-of-God community, people changing and growing through following and knowing Jesus; people empowered to reach out to others with the love, hope, and transformation He gives.

StptterYP•ro(k&l (h¥rth Cow Athttbrnenti and PerformKe A5 the re5trirtion5 hawe eased the Church has resumed its nor1 service5 and ha5 alsD inst¥lyted 3 popular time of worship each weekday mornin8 fc¢r 30 minutts. The thurch leads a food disrriburion SeiCe at the local infant and junior school. Th¢ Church Seeks to coTrtinÈte its growth In the areas as port of the"Lo¥e your Nei8hbour" Inltiatlve and offers a Warrn Welcarne once a ¥k to the ttlmmunlty. In May 2022, thE PCC becarne i rt8istwed ¢h¥rty In Enwand ind Waleswth the Re8lStei¢d Charlty Number 1199076. Flnan¢lal Rwl•w. The Rener•l 8i¥in& h)5 incroosed in 2022. and a buildin8 fund has been sel upto a5SiSt with the costs of the improvement and rnaintenarKe of the church building. In 2021. a review of c1>5tS Wa5 undertaken and a5 a fe5uIt 'Ilke for Ilke" costs have been reduced. In addlilon. the Chyr¢h ¢hanged Its maln energy suppller In October 2021 and abtatned 3 yearfixed rate ener8y contrath belore the cons*derable increases in Energy Costs were announced. However. we are starting to see the efforts of the curr•rtt cosi of INing crisis as givln8 has now started to decllné sllghtty. R•Mr¥•s Pallev. The Church 5tek5 tD malnt•ln hs unrestrkted reserves to approximately srx mtxths of normal ouwoln8s. •ls ol Attaumini The accosjnts of the chaty hève been prepared on a r•c•pts and paymènts basls its actordante with tharity regulations. This report was apwoved bytht PCC and sined on its behall by Mr Colln Tyn•,TrÈMur•r Dare. Is Iv AJ

St Peter'5 ParDchl•l Church Coundl Mnanclal ststements fr>r theyear ended 31 DeceThber2O22 Independent Examlner'5 Report I report IhE a¢tOUDtsol the thurch forthe yearended 31 December 2022 whlch are sei ouion pa8e$ 310 5. Ile5P•Ctlvo R•spon51blll•S ofTru5t••s and Eyamlner The church'stfusiees li.e. PCC membÈr51 are responsible for the pieparatlon of thE account5. The rhurth'5 trustees rotysiderthat èn oudll Is noi required fof Ihisyear under seciion Id4121 of the Chariries Act 2011 Iihe 2011 Actl and that an Independent Examlnation Is needed. l- Examlne the accounts (under 5ectkin 145 of the 2011 Art),. 2- 70 fvIIDW the prpcedures li down In thtGenerl Olreetlons seN by th Chèrty Comm555kryneFs (under 5ectkin 145ISllbl of the 2011 Act)., and 3- To slate whether partlcular matter5 have ¢ome to rny ottentlon. B•sli of Ind•p•nd•nt EMmln•r'i Mgort My examinatbn wa$carrd out In accordance wllh IhE 8eneral DirEetlon$6iven by tht Charlly Commission, An examlnaii¢Tr Inclydesa revlew of rhe a<countln8 records kept tsy the charlly and a comparlson of the accounts presented wlth those retcrds, It also Includes conslderètk)n of any unusuèl Items or dlsclosures In the accounts, and seekln8explanaiions from you as tlU51ee5 Dncernlns any 5u¢h m3ttÈr5. The procedure5 undertaken do not prDvldE all the evldente thètWDuld be iequirELI In an audlt and Consequently n¢ oplnlon15 8iven as ro whether the accounts present a'true and falryw, and the feport Is Iimlted to those matters set Out ID the slètemeni below. Ind•p•nd•nt Examln•r'i itt•mqht In connectlDn wh my examlnatlon. no mltter hscomEta my *ttentlon', l- whlch 8W5 me reasonable cause to bell that In any m4tirlal resped the requlrements 10 keep accouhtini reeords in èc£otdancewtth section 130of the 2011 Act.. and to prepare accounts whlch accord with the accountin8 retords and cofflply wlth the ateountlng requlrements of the 2011Att have not been met.. or 2- to whlch. In my opinknn. attEntion Should be dr¥wn In otder to eNaty a properunderstandln8of the accounts ro be reached. L IM(EW.WLULomS Mrs C L Mo•lwyn.Wl1rn5 Bsc FCA TCA15hiewsburyl LLP Third Floor, 21 St Mary'sstreet Shrew5bury Shropshife SYI IED 1023

lkn• Tot•1 Reststod IECT5 26A4) 4.J35 ioaio 3&7S1 44.353 All 758 Is,tsz 23.830 LQ,16S apMoy &157 41525 795 159 24.199 6.501 Tat•l Rtt•ts Mojii 113.IL PAYMENTS OrOCKI P1h ClIvad Sc1¢ ¢oJt5 Chw<hrunnwli•xp•n£4s •xp•nsos ProJe¢¢ wndityr• Milin W¥irrfand4SJnatt•U 16.l•S 11.124 lfy27J 11,6 $5S 11866 553 757 20.973 277.61t J.2( 291.468 9.040 1.1 90,939 39,971 ijwo 90,939 P4Et RK•lpts IIPaymeDtsi iii,wJ I.2191 22,170 T¢•nsfery tet**en fvnds Jjom) I17.) 12.170 Cash ind bJnkbol•rK•Sbrowht lowrd A,D51 7B.182 4116 757 ,$2J lo1.? IS¥w ApProd&V1hTTheP5Lm._............................ ... . r£lyn&TiiAtg9

St Peter's Parochial Church Council

Financial statements for the year ended 31 December 2022

Statement of assets and liabilities

Cash funds Current accounts Deposit account Petty cash Investment assets (at cost) Global equity fund Property fund UK equity fund Total assets	2022 £ 109,676 116 131 109,923 24,195 - - 24,195 134,118	2021 Restated £ 73,073 27,959 20 101,052 52,500 105,000 52,500 210,000 311,052

The investment assets have been included at cost. The market value of the investments held at the 31st December 2022 was £33,067.89.

Funds Unrestricted fund General fund Investments held Restricted funds Building fund CYC fund Drop-in fund Organ fund Total funds	134,118 As at Income Expenditure Transfer 1st Jan 2022 Restated 51,066 57,875 (39,970) (35,805) 210,000 8,390 - (194,195) 261,066 66,265 (39,970) (230,000) 4,287 74,714 (277,611) 230,000 39,808 13,445 (13,857) - 4,794 - - - 1,097 80 - - 49,986 88,239 (291,468) 230,000 311,052 154,504 (331,438) -	As at 31st Dec 2022 33,166 24,195 57,361 31,390 39,396 4,794 1,177 76,757 134,118

Eden – now called Children's Youth and Community (CYC) Fund - This fund is a restricted fund dedicated to the work previously done of the Eden Team based within the Church, all of the donations to pay for the work are paid into the fund and all expenses are charged to it.

Building Fund – This was set up in 2021, to pay for building improvements and major maintenance items in the Church and any associated Church developments.

Organ Fund – This fund is to be used for repairs and maintenance of the Church organ.

Drop-in Fund – Before Covid the Church had a successful program in connection with Betel to reach out to homeless and people with addictions etc, this fund is to finance those activities.

St Peter's Parochial Church Council

Financial statements for the year ended 31 December 2022

Notes to the accounts

1 - All other giving/voluntary receipts Donations Listed Places of Worship Scheme Grants received Sale of resources/manuals 2 - Church activities (income) Funeral fees Baptism certificates Wedding fees Lettings 3 - Church running expenses Utilities Insurance Repairs and maintenance Cleaning and waste disposal Food and meals Alarm Gifts Resources and materials Sundry Telephone and internet Live streaming and recording Licences Quinquenial Review Professional fees Administration costs Stationery and photocopying Travel expenses Training 4 - Other expenses Other Missional Events Church Hall 5 - Project expenditure Church Reordering project BCYMCA project Kitchen Refurbishment 6 - Mission giving and donations made Message Trust	Unrestricted Restricted Total 2022 £ £ £ 3,050 20,324 23,374 - 39,416 39,416 1,350 10,000 11,350 - 1,314 1,314 4,400 71,054 75,454 4,288 80 4,368 - - - 267 - 267 1,800 - 1,800 6,355 80 6,435 4,894 - 4,894 4,222 - 4,222 47 - 47 225 - 225 329 129 458 257 - 257 330 - 330 100 250 350 365 159 524 480 - 480 58 - 58 796 - 796 4,571 - 4,571 1,645 - 1,645 273 - 273 274 - 274 - 214 214 - - - 18,866 752 19,618 - - - 553 - 553 - - - 553 - 553 - 268,168 268,168 - - - - 9,443 9,443 - 277,611 277,611 - 1,200 1,200 - 1,200 1,200	Total 2021 Restated £ 21,632 - 2,000 58 23,690 5,606 14 881 - 6,501 4,812 4,067 1,210 436 2,245 474 268 1,008 614 375 2,493 747 - 80 180 928 136 900 20,973 862 - - 862 8,880 960 9,840 1,200 1,200