## **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. 1 StptterYP•ro(k&l (h¥rth Cow Athttb*rnenti and Perform*Ke A5 the re5trirtion5 hawe eased the Church has resumed its nor￿1 service5 and ha5 alsD inst¥lyted 3 popular time of worship each weekday mornin8 fc¢r 30 minutts. The thurch leads a food disrriburion Se￿iCe 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 cha￿ty 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 thtGener*l Olreetlons s￿eN 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$carr￿d out In accordance wllh IhE 8eneral DirEetlon$6iven by tht Charlly Commission, An examlnaii¢Tr Inclydesa revlew of rhe aCurrent 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. 5 ## **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| |---|---|---| 6