Registered Charity Number: 1203826 St Peterfs Churth, Warford 2024 Annual Report and Accounts of the Parochial Church Council Incumbent: Revd Vanessa Kerswill PCC Secretary: Janice Richardson Hon Treasurer: Jessica Jones from Feb 2024 Wyatt & Co Chartered Accountants from Oct 2023 to Feb 2024 Independent Examiner= Kathryn Pickering St Peterfs Church Wafford Registered Charity Number. 1203826 Year Ended 31st December 2024 Contents Page Page Legal and Administratrve Informatton Trustees. Annual Report Independent Examinerfs Report Statement of R￿ipts and Payments Statement of Assets and Liabilities Notes lo the Financial Statemenls 10 St Peterfs Church Watford Year Ended 31st December 2024 Regk%tered Charity NumtrRr: 1203826 Legal and Administrative Infomiation Reference The Charity is called"TkE Parochi￿ Churth C¢yJnul ot the Ecdesi&￿ Pan"sh of St Peter, Watfor(r also kni)wn as St Peteffs Church Watford. The P&rthal Churc* CourK>l is as the PCC for short The Church registered wth the Chanty Commis&on for England and Wales during 2023 and was an excepted Charty prior lo this. Reglstered Charity Number 12113826 Regl$tered ¢)fflce & Peters Church Jshey Mill Lane WatftKd WD24 ThF Website .ukJ Incumbeni Rev Vanessa Kersvil Trustees and PCC members Twho sewd dursng the year an Hob AjI￿)n Willians {Reggr￿ 3CAh Aw"120241 Catiton Pattwson cal￿ne Heath CrAin Heath Janice RithardK Judllh Ke[S￿lI Julia Boydon Le¢)nard Kersvill Lesley IrTwards Rev David Peiry Shaion Nixon &ssan Waylett (Resigned 28th April 2￿24) rimothy Ktss ctoria (YKdty Primary Bankers Bardays Bank UK PIC 62164 High Street Watford VVD17 2BT Independent Examifter Kathryn PK*erirvJ St Peter's Church Watford Registered Charity Number: 1203826 Year Ended 3tst De￿mber 2024 Trustèeg Annual Report Aim5 ofthe tharity St Peterfs P3rochial Church Council IPCCI has the responsrbility of c(FoperatinE with the incvmbent. the ReveTend Vanessa Kerswill. ift promoting in the ecclesiastical parish. the whole mission of the church. pastoral. evangelistic. soo31. ènd ecumenical. When planning our activttie5 for the year. the incumberbt and the PCC have considered the Commission's guldance on public benefit and, in particular. the specrfic guidance on charities for the advancement of rellgion. Through thÈse attNtbes we tryto enable ordinary pÈople to live out theirfa5th as part of our parish communtty. To facilitste this work. the PCC recognises the importance of maintaininE the fabric of the thurch and church hall. Objectives The PCC is commltted to prowdrng a safe and wÈlcoming space for rndividua15 and families to worship and to be transformed by the love of Jesus. We are an all-age family, seeking after God. belonging and serving together. The PCC is commttted to prayerfully Trmplementing the following vision las agr@ed by our Mission Action Plan 20221.. To grow the church family. particularfy focus7r￿ on growirE younger. by welcoming children and young tsmilies. To establish St Peter's as a hub in our local community- To encourage each other to have a deeper relationship w￿h Jesu5. Artiiryties Worship & Prayer % a parSsh church. we gather twice on a Sunday I10.30am and The Four) and during tho week for worship and prayer. Our 10.30am service saw an average of 36 people auending in person each week12023= 351. The Four is our service specifically airrted at children and families- the average attendance wa$ 2712023-. 281- We continLre to offer the option of Zoom at the 10.30am for those who find it difficult to attend the church in persork. We baptised 15 children12023'. 61 arbd led 4 funerals12023- 81 enabling U5 the opportunÈty to support families through l&fe events. We also introduced a new morrthly worship and prayer meeting. Spedal Services We had a wonderful Earter celebration servKe wtth both services combining and 74 people attending12023= 941. The childyen particularly enjoyed the Easter E88 hunt after the sèrvice! Our Harvest and Remembrance service5 were well attendèd. We welcomed members from the local beavers. ctjbs and scout's groups on Remembrance Sunday. We led two carol sefvices at the local primary school Ithe one school in the parish) for all children in key5taEe one and two. pa8@ 2 St Peter's Church Watford Registered Charity Number: 1203826 Year Ended 31st De￿rnber 2024 Trustee< Annual Report Despite the irsclement weather on the evening of our carol seTvice. over 100 people jorned us as we sang caro15 and we shared abo￿ Jesus. the one true light of Christmas. Our Crib & Christin8le servÉce on Christmas Eve was a joyFtJl service a5 we recounted the first Christmas and celebrated Jesus. the light of the world. Chtldren, parents, grandparents and carer5 joined the celebrations. Lent Course and Summer Sern￿n Series We revi5Fted the Prayer Course. journeying together onlinè through Lent and for a few weeks afterwards as we Spent time learning more about prayer and specifically how to pray. We also spent nine weeks taking a fresh look at the Fruit of Spirit, this was our summer semion series at both the 10.30am and The Four. Church Evet)ts St Peterfs & Metlden Tots We launched St Peterfs Tots in January and Meriden Tots in June. St Peterfs Tots meets tn the church hall and Meriden Tots in the local communty tentre. In term time. each week we welcome parents and carers with their tots to orje of oui groups for play. craft. refreshments. Story and singing time. The groups provide us with a fantastic opportunity to serve our community and to build relation5hÉp5. We ore very thankful for our tots. volunteers who help set up. tidy away and load car5 each week. First Frid First Friday started at the beginning of March. First Friday meets monthly. provldes ? warm space ènd an opportunity for over 50.5 to come together for friendly conversation- to play boardgame5 and read the new5pèper. whÉLst hawng a cup of tea of coffee. We a￿0 make time to share a brief thoughtfor the day and to seTve a light lunch. Craft We continued to fac*litate a uaft mornin8 On￿ a month for the church family and wider community. An opportunity to brtng along your own craft project, to encourage each other and enjoy refrÈshments. Hollday Club & Light Party We hosted our three-day holiday Club at the end of August. This was a new missional artivity a5 we wèlcomed children from the church family and the community for three mornings of games, craft, worship, Bible study and fun. Our knght Party vjas extremely well attended with over 60 12023= 301 childien. parents and carers attending. We h05ted an evenin8 of light themed crafts, shared the good news of Jesus and served hot dog page 3 St Peter's Church Watford Registered Charlty Number: 12038Z6 Year Ended 31st De￿mber 2024 Trust* Annual Report May Day & Christmas Fairs Buildin8 on the succe$5ft51 ever￿ of 2023. we again held a May Day and Christmas Fair to raise funds for OLsr Growing TogethÈi building project Local craft Sellers were invtted to purchase a table along with the church stalls and refreshments. Both events were ex£eptionally well received and attended by the local community. Social Events We had another varied yeèr of sotTal actNttie5. Includin8 ladies, breakfèsts. church lunche5. our sponsored SK egg hunt around the parish raising funds for Growing Together. Plus, OUT summer canal boat day trip. fundraising quiz night with fish and chips, Christmas pudding making evening anct our Chiistma5 socÈal. Churth Hall The church hall is in regular use nol only wtth our church èctiwties. but it is also used by local group5. Including, 21 WatFord Brownies. Meriden CommunÉty Choir. Noise Makers. Seated Exercise arkd Sceptre Aneling. The h311 was also hired for many children's birthday parties. All the above actI￿tieS have furtherèd our links with our local community. Growlng Together Growing Together is the name for our church hall building projert which we launched in Apttl 2023. God hBS given us an incredible vision to become a hub for the local community. The plan is to knock down the exithng church hall and to build a Rew church centre and hall with offices. tchen. toilets and meeting rooms. We a150 plan to sell part of the land for two houses to be buitt. The total projett will cost £1.3m. Planning permission and a DAC faculty for the projett were granted In July and September. We 5tsrted to work with a fundraising consultsRt in the latter half of the year to keep the project moving forward. Deanery and Ecumenlcal Relationships St Peterfs is aft art?ve member of Deanery Chapter and Synod. Churthes Together in WatFord and Christians Across Watford. Ftnancial Statement and Management Accounts Total re£eipts on unrestritted funds were similar to 2023 at £79.97912023'. £80.1601. Totsl payments on unrestrirted funds were £74.99212023= £87.7551. This wa513rgely due to a reduction ill our parish share payments. Total receipts for restritted funds were £69.04212023.. £46.1651. thè increase being due to highÈr donations and fundrai5rng income for the G¥owing together fund. as well as 3 £20k donation toward5 the ChilLlren's and famFlies worker. Total payments on restricted funds rose to £47.13012023- £28.8181_ This was due to h3￿ng a full ye3r of the Children's and families worker. 35 well 35 fundiaising costs for the Growing together fund. page 4 St Peter's Church Watford Registered Charity Number. 1203826 Year Ended 31st December 2024 Trustees, Annual Report The opening bank balance was £97.69612023.. £87.9441." with an income of £149.02112023= £126,325) and expenditure of £122.12212023-. £116.5731 the net surplus was £26,89912023- £9,752) leaving a closing bank balance of £124,59512023.' £97,696). This is represented ès unrestricted funds £24.95812023= £19.1641 and restricted funds £99.63712023= £78.5321- Total assets were £19737012023.. £173,331) and include the bank balance as above, plus the investment 3nd deposit fvnds held £72.77612023= £75.6351. Reserves policy It 15 the PCCS poltcy to maintain a b21ance on unrestricted funds. which equates to at least three months unrestrirted payments. equivalent to £20k to cover emergency situations that may arise from time to time. Ouf iurrent tjnrestricted reseNe5 Stand at £25k12023= £19kl so we are happy that we have met oui target reserves policy_ The slight excess irs reserves will be used during 2025 tow3rds the outstsnding fuel bill and parish share balances. Volunteèrs The ministry of St Peterfs could not take plate without the sèFRess givin8 of finances and time by a h05t of many volunteers. The PCC is deeply gratefvl for the 5UPPOrt of everyone. strudures. Goveman¢e and Management The PCC is a reB￿steTed charity number 1203826 ar￿ PCC members arè trustee5 of the charity- The PCC is committed to complyinÉ ￿th the House of Bishop s guidance on safeguarding children and vulnerable adult5. The PCC has met bi-monthly throLtgh the year. The PCC oper3tÈs through several committees. which meet between full meetings of the PCC Stsnding Commtttee The Standing Committee has the authority to transartthe business of the PCC between meetsngs. subjertto any dirertiOYL% given by the full Council. Bulldings Comrntttee The buildings committee atterhds to all matters concerning the maintenance and upkèep of thè church and hall. Coordinating the maintenance and day-t041ay repairs and ilnprovements. Faith & Ltte Committee The committee ensures the vision of the church is upheld and meets to discuss the worshipptng lrfe of St Peterfs. pase 5 St Peter's Church Watford Registered Charity Number. 1203826 Year Ended 315t December 2024 Tru5tee¢ Annual Rewrr Hnance Cornmittee The remit of the financè committee 15 to.. a8ree and set the budget for the year- monitor the church flnances ènd review trends throughout the year in incoFfte, both ￿VIng and hall rental. and also in expendrture,. arKI ensrjre the Financial Policies Ststement remains relevant. proposing changes as necessary. Fundralslng Committee The fundraising committee is prim3rity responsrble foi sourcing fvndr3i5inE opporbJnities for the Growing Together building project and or8anising fundraising events alongside the social commtttee. Social Committee The commlttee rs re5pon5ible for plannine and hostlng the various social and fundraising events that brlng5 the church ènd parish together. Deanery Synod Two fnembers of the PCC sit on the deanery synod. This provides the PCC with an important link between the parish and the widÈr Strurtures of the church. Administratlve Infomiation Members of the PCC are either Èx-offic40 or elerted bythe Annual Parochial Church Meeting IAPCMI in accordance with the Church Representation Rules. During the year the following seryed a5 members of the PCC IncLFmbent & Chalr.. Rev. Vanessa Kerswill Churchwarden: David Perry Lay Wice Chairman.- David Perry DepLrty ChuFchwardens: Carlton Patterson & rim ￿05S Reader and Deanery Synod Representative- Colin Heath Reader and Parish SBfeBuarding Officer-. Vicky O'Kelly Hon TreBsurer: Wyatt & Co (Oct 2023- Feb 20241 Jessica Jones (Feb 2024 onwards) Second Deanery Synod Representative: Alan Hobbs Electoral Roll Officer and Deputy SafeEyarding Officer.. J4Jlia Boydon Pastoral ￿Sistant.. Cathy Heath PCC Secretary= Janice RichÈTd50n Elerted Members-. Janice Richardson. Carlton Patter50n, Judy Korsw411, JulFa Boydon. Len Kerswill, Le51ey Inwords. Sharon Nixon and frm K1055 Signed= V L&[s,￿lI Rev. Vanessa Ker5wiII Illozlz, Date: page 6 St Peterfs Church Watford Year Ended 31st December 2024 Registered Charty Number. 1203826 Independent Examinerfs Report I reFOrt to the InBtees on my eX￿lI￿at￿C￿ ol the fina￿￿ Statem￿ ofst Peterfs Church Walford ftr hartyl forlhe year gnded 31st Decemb￿ 21Y24. Responsibilities anfl Imsls of r•wxt th th8 requir81F￿nls of th• Charibe5 Ad 2011 N£t' 2011 A£t and ￿ canw.ng out my examinatson I al the Eirec[w￿ gven by the CI￿lty Gonmissh)n under se(*on 14515Xb) of the kL Independont examiners statenwnt Accountants in Er¥JarKY and Wales IICAEWI. which is crf)e ol the li*ed booies. accounts sel cMJi tn the Chanlies IA£cotsnts arKJ Repwtsl R8gulalicos 2008 Other1￿ any requwement tt￿1 I have no conr*ms al￿ have come ()Iher matters in conn*ttKI the examinali￿ to ￿llch *tentM)n should be drawn • this rÈrx)rt in orderto enable a ￿per under5tandmg of the atCOLmts to be reache(l. Kathryn Pickersng Independent EyAmwJer Zi ,ql ,L Zoir St Peter's Church Wafford Year Ended 31st December 2024 Statement of Receipts and Payments Registered Charity Number.. 1203826 2024 2023 Unrestnctsj Restricted Funds Funds Funds Funds Total Funds T<)tal Funds Receipts Donatsons and ￿9aCleS Charti8ble act¥￿e5 Investment income 67.217 11107 62.143 5.930 123.360 18,037 7,624 62.812 14. 1755 41,￿1 104.773 18.797 2,755 Totsl R8¢elpts 79,979 69,042 149.021 PAJ,1&) 46,165 126.325 Payments Payments on charitable actvitres 74.W2 47,130 121122 28.818 118.573 Total Payments 74.992 47.130 121122 87,755 28.818 116.573 Nèt Receipts I (Payments) 4.987 21.912 17.5951 17,347 9.752 Net Movement Èn Fund5 Icashl Total fLJnds Icashl brwght fr)r￿[d Tiansfers 19,164 78.532 97.696 27,267 60.671 87.944 I￿n Total Funds Icash) Carried Forward 24.958 93.637 124.59$ 19,164 78.532 97,696 Repr@sen￿j by General IUnrestrit*ed) Restr￿e￿ knnds 24.958 24.958 93.637 19,164 19.164 78,532 99,637 78.5¥2 24.958 99,637 124.595 19.164 78,532 97.6S These financial statements were ar4)roved tytt* Churth ￿derS and aukn.sas for issue.. Name of Jeader.. /EI o YHivEg fh f&ÈsLw1L i i(e1SLLI i¥ Ic,5 Izoaf Signed on behalf of the Chur¢h J¢ader8: Date of approval.. paga 8 St Peterfs Church Watford Registered Chartty Number". 1203826 Year Ended 31st December 2024 Statement of Assets and Liabilities Thè accounts are wepared a cash basis and thu5 thwe is fr)rmal Balarts Sheet or Ststemerrt of Finanoal Positson. Instead a statem*)t of assets and lthtrtes 15 ¢yjttW￿d gmng an indicatrm ofth8 8ssets * the year end. 2024 2023 Flxad Assets CCLA investment CCLA derA)Sit accourrt 3.172 8,171 71n6 76.635 Current Assets Cash at bank and pety cash Debtors 124.595 8,4(YJ 97. 10 133.(Khl 101604 CU￿nt Liabilty C￿dItorS 11 6.256 NET CurrentAsseW (Liabilrtiesl 1U1439 St Peterfs Church Watford Registered Chartty Number.. 1203826 Year Ended 31st December 2024 Notes to the Financial Statements l Basis of Preparatlon The finanixal st8ternents have LEen prepared on a osh basis vtt*n r￿ipts and payments take place through the bank ac£wm or Fety ¢ash. AsseS¥m￿t of Gotng Concern PTeparation of Ihe xcounts is on a g¢¥ng Cl￿¢￿ ba$15 The trustees cor6kJer that JAere &e no material ￿n￿rtaIntieS atK)utthe atmlty to ti)ntinue as a going Lxncetn. Fund Accounttng Unrestricied income funts c(Mllprise those fvThJs vkntch the trustees are free to w ft)r any purpose in fUrth¥an￿ of the charitsble objects. Unrestnded lunds i￿LI￿& desig￿9￿￿ funds whwe the trustees. at their discreton. have set asNle resource5 for a S￿jfiC tw)ose Restricte(I fuThts are fijnds vhu.th ￿ to in accordan￿ wrth speofic restricttcns irnr￿d by the donor or the term of a speafic appea. often know as a 'sKwal offering, in the church. Further explanation ofthe nature and puwpose Ofe￿ l￿d is indLtdwJ in the riot&8 trj Ihe acwurts. Ineoming Resources I In¢oming resources Je feC¥wi￿1 (X)￿ d)ty ha5 ￿ement to lh8 resour￿ and the money has t)een paid. Resources Expended Expenditure is recognised m a czsh b￿"S whw Foyments ha¥e been through the bank ac£ount or by petty cash. Governance Costs Inclu¢Ye costs ofthe preparation and e￿mina￿.￿ of stalijtw wxjnts. the cvsts ol the trusteès, rneetings and cost ofary legal advi￿ to trustees on g¢)vemance or ¢)￿S￿￿al matters. Pensior#J The charity operates a defined tontrbub.on p￿$10￿ scheme. CTh*ributions are chargexj Éo ble Ststernerrt of ReTripts and Paymerts as they b￿me payabfe in *cotdancE svith frje Tules ofthe &*iem& Taxation The chartty Is exemmfrom tax on ts ctsiikbte ￿b￿tse5. page ID St Peter's Church Watford Year Ended 31st December 2024 Notss to the Financial Ststements Registered Charty Number.. 1203826 2 knaty¥fis of ReGeipts Unrestylcted Resirlcted Toial Funds Unte5tricied Restr*ctgd Ttstsl FurKIs Funts Funds 2024 Funds Fun 2023 2024 2023 Donations and legacies Donatrons Gift aid Grants Le9aoes 47.287 13. 51.365 9.039 98.652 21969 52,085 10.227 37.4S2 89.547 14.531 739 739 195 195 61.217 62.143 123,360 62.812 41.*1 104.773 Charttable activibes Chisrch & hall renkl Church events Funerals Baptisms Other inc WeddirKJs 10,012 10.012 3.216 1.191 178 4.204 1.191 178 1.128 1.581 272 874 1.581 272 874 12.107 18,037 14,593 18,797 Investrnenl Income Bank interest Funds drawn down 105 105 6.5T2 7.6 2,755 2.755 Totsl ￿n￿m0 79.979 69.042 149.021 80.1FAI 46.165 126.325 Payn*nts on Gharttable AcU¥ilies by Fund Typp 2024 Unrestricted RestrÈcted Total Funts Uniestricted Resthet￿l Total Funds Funds Funds 2024 Funds Furds 2023 2023 Buildine costs Staff 5alariÈs Adrninistration 13. 11.598 11.958 24.754 25,9S1 36.352 18.536 26.487 14.971 5.232 costs Parish share Fundraising costs Church actNities Givin8 Staff rdated cosr5 29,718 29.733 48,023 45,023 9.416 5.526 1.252 14,942 852 1,193 13, 3,995 1.107 1.618 3,7 14.e98 5.703 1.107 1.1¥J 74.992 47,130 ia122 87.755 28,818 116,573 P28e 11 St Peterfs Church Watford Year Endod 31st December 2024 Registered ChaTrty NumLEr.' 1203826 Notes to the Financial Statements 4 Voluntew The churth benefits greauy from the voluntsry tyjnlrrbubons oftime ano money by its fom21 rnembers aE)d regular attendees. Rea5e ￿fer tothe knstee's reFKYt further d8tail atx)ut volunteer Ix)ntributions in the organisaè'on. S Staff costs The total staff costs and ern￿Oyee ￿nefits f(K the reFnyb"ng Ferxxj are analysey as follows." 20Z4 2023 Wages and salartes 36.352 14.791 36.352 14,791 The average head cwnt of emptoyees thnrKJ the yearvAs a5 ICA1(￿". 2￿24 Average Head CIKfnt 2023 No employee ieceNed ernployee tenèffts of rnore than Ef￿.(￿ year12023'. rH)nel. Rev Vanessa Kerswll is empbyed bylhe Dtwption to Churc*suile. Gmng foi speo.al pro1* and spe(J"al oflenros lor others at Easter. HaNest and ChristrTI8S. Building Fund. GrcfyYThJ Togethèr Church buildin9 proiecL IrNcAving knockKvJ dMI the ￿stsng ¢*urth and building a thurth ￿￿tre- a hub fr)r the locJ (x)mmunty. Re£Eipts and payments in the fund indudè donations and buildin9 prqect costs as wdl as tMse relatir¥J to fun(k¥sng events. Friday Tea Party Children's & Famity Wo Chair Fund Churchsurte SubscriptK¥i Fund Speual Offerings St Peter's Church Watford Registered Charity Number.. 1203826 Year Ended 31st Docembor 2024 Notes to the Financial Statements Opening balance DNidends reinvested E 1.875 Wrthdrawn GaiTr/ Ilossl osing BaEan Ea5tlea Investment Ft&nd 67.464 11,2721 1.537 69,6C Opening balance Interest W(thdrawn reinvesteij Deposits made a05ing Balance CCiA Deposit Fund 8.171 15,3CKII 301 3.172 TOTAL 75,635 16572) 7Z,T16 10 Debtors 2024 2023 Gift asd Hall hire Sta(L*tory maternity pay 1.122 3,731 1.177 11 Creditots 2014 2023 Energy Sup￿ler Parish share Othersupplters 2.184 27,122 1.259 2.256 30.565 6.256 p3ge 14