Charlty rng15tratlon numbor 1206664 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PEfER$ HILLFIELDS COVENTRY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 THE PAROCHIAL CHURCH COUNCIL OF ThE ECCLESIASTICAL PARISH OF ST PETERS HILLFIELDS COVENTRY LEGAL AND ADMNISTrATIVE INFORMATION Trusta•s Rev M Spina Rev P J Atkinson Pho B Crilchley J Mccoach J E Perry- Straker J Dash D M Senror Dr E O Chukwuma-Nwuba J C Clark J W Boume T Fakeye {Apkxsinted 26bh May 20241 E Howell (Appointed 26th May 20241 F Kratt Ilwpointed 26th May 20241 Règlstèrnd offlc• st Pet&rs Church Chartes Street Hlllfields Coventry CV15NP Charity number 1206664 Independent examiner Erdingsworth Businegs & Tax Advisors Ltd Unit 3 Cuckoo Wharf 427 LichfieK1 Road Blm)ingham THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PEfERS HILLFIELDS COVENTRY CONTENTS Page Independent examiner's report Truste8s Report Stat8m8nt of flnancial acliviti8s Balance sheet 10 Note$ lo Ihe finarKial 3tstom8nts 11- 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PEfERS HILLFIELDS COVENTRY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST P￿ERs HILLFIELDS COVENTRY I report to the trustees on my examination of the financi81 statèmants of Tha Parochial Church Council Of The Eccl8siaslical Parish Of St Peter8 HillfieIds Coventy Ilhe Charity) for the year endèd 31 December ￿24. Responslbllltlos and basis of report As the trustees of the Char¢ty land Its directors for the purposes of Company Law) you are reswnsibl8 ft)r the pieparalion of the financlal ststements In accordance w7th the requirements of the Compan￿$ Act 2006 Ithe 20t)6 Act). Havlng sallsfied myselfthat the financial statements of the Charity are not roquired lo be audited under P8rt 16 of the act 2(106 Act and are eligible for Independent examination, I report in respect of my examlnatlon ofthe Charity's financiol statements conduetsd under sectlon 145 ofthe Charities Act 2011 (the 2011 Acll. In condu¢Jng my examinolion, I h8ve followed all tha applicabl8 dirg¢tlon$ glvgn by the Charity Commission under sectSon J45{5}Ib) of the 2011 Act. Indepondont oxaminer'$ $tat•m•nt Since the Charity's grtsss Income exceeded £35.000 your exominer must ba a meM￿r of a body118ted Sn section 145 of the 2011 Act. I confirm that l am quallffed to undertake the gxamination because l am a member of the Association of Accounliw Technicrans {AATI. whlth is one of Ihe listed bodies. I havts completed my gxamination. I confirm that no matters have come to my attention in conneetlon with the examination gNing me cause to belleve that In any materlal respect: accounting records were not kept in respect of the Ch8rlty as requlred by seotK)n 386 of the 2006 Ael.. or 2. the financial stslements do not accord with these reGords', or 3. the financial statements tlo not comply with the accounting requirements of section 396 of the Act olhor than any reqU1￿ment that the accounts give a Inje and fair vlew which is not a matter consmlered as part of an Independent examlnation. or 4. the financial ststements hav8 not been prepared in ac¢ordan¢o tho methods and principlas of the Slalement of ReGommended PraC￿Ce for accounllng and rgportlng by tharities preparing theSr accounts in ac￿rdan￿ wth the Financial Reportiry Standard applicable in the UK and Ireland IFRS 1021. I have no concems and have come across no other matters in connectlon wth the examinalion to whic attention should be drawn in thi5 repK)rt to enable a proper understanding of the financlal statements to be reached. Erdlng$worth BusSn•ss & Tax Advisors Ltd Unil 3 Cuckoo Wharf 427 Llchfleld Road Birmlngham B6 7SS Dated.. 25th Aprfl 2025 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETERS HILLFIELDS COVENTRY TRUSTEES REPORT FOR THE YEAR ENDED 31•t DECEMBER 2024 The trl￿teeB present their annLtal report and financlal slalgmenls of thg chadty for thg ygar endgd 31 Dgcember 2024. The financial slalements have been prepar8d In accordance with th8 accounting policies set out in note 1 to the aco)unts and comply with the charity's trust deed, the Charities Act 2011. and the Statement tsf Recommended Practice 8ppllcable lo ch8rlUes prèparlng th6lr acc￿jnts In accordance wth the Finanolal Reportlng Stsndard appllcablo in the UK and Rapubllc of Ireland IFRS 1021 leffeclive 1 January 2D151. The board of trustees we satisfied with the ￿rf0M1￿nee of the charity during the year and the ￿S￿l0n on 31 December 2024 and consiéer Ihatthe charity is in a strong position lo ￿ntinUe its Bctivities during Ihe coming yew. and th6 charity's 8ss6ts ale ad&qual8 tmearMI ex￿n￿t￿re defi￿ fThim cortinL¥n8aCtwrtie statement of fknèncLi1actNr(￿saISO comF4Rswiththe requ1remErt5for8nin¢omeandexr*hth'tu￿ actounrunderthe ComwnksAci 2rTh. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETERS HILLFIELDS COVENTRY BALANCE SHEEr ASA T 31 DECEMBER 2024 2023 Not•s Axed assets Irwestment assets L136 I,iii (￿￿tIs5ets Debtors 35.283 34548 Cash at and In hand $1.156 86A39 123,740 Cb*dknrs.' amtyJntsfallln¥ due*rfthln Oheyear 6,797 IOA89 Netcurrent èssets 79.642 113251 Totsl a￿tsOeS5¢Ufre￿t Ilab1t￿5 80.7T8 114362 IntomÈfvnds Re5triLtsd fund5 51339 47A37 Llnrestricted fund5 General uNe5tsictedfund5 24439 66925 80.778 80.778 114.362 114.362 The company i8 entttled to the exemption from the audit requirement contained in section 477 of the CoMpan￿S Aet 2006. for the year endèd 31 December 2024. The diroclors acknowledge their responsibilthes for complying wth the requirements of Ihe Act 2006 whh respect to accounting records and the preparation of financial statements. The membèrs have not required the company lo oblaln an audit of Sts flnanclal stst¢ments for th9 year in question in accordance with section 476. These financial Slalemenls have been prepared in accordance vAth Ihe provislons ap￿ICable to companiets subject to small (Thipanies. regime. The flnanclal statements were approved by Ihe trustees on 25th April 2025 ev Matthew Chalr ol Trwstoes io THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETERS HILLFIELDS COVENTRY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounllng Polklg$ Ch•rfty Inforniation Th8 Parochial Church Councll Of The Ecclesiastical Parish Of St Pettr8 Hlllfields Coventy Is a Charlty r8gbstered In England and Wales. Th8 reglst8red offloe Is St Potors Church, Charles Street. Coventy, CV15NP. AGGountlng ¢onventlon Thg financial statements have been prepared in accordance the Charity's Igoveming t*xument}. the Companies Act 2006. FRS 102 Yh6 Financkgl Reportlng Standard applicable in the UK and Rèpublk of Ireland. IFRS 1021 and the Charities SORP 'Accounling and ReP)r￿n9 by charilies.. Statement of Recommended Practice appli¢able to d)arities preparing thelr accounts in accordance w(th the Financi81 Reporting Standard applicable in the UK and Reputrjic of Ireland {FRS 1021- The charity is a Public Benefit Entity as deflned by FRS 102. Golng ¢on¢om At the time of 8pprovlng the financial statements, the trustses have a reasonable expgctatk that the charlty has adequate resources lo continue in oporation81 èxistence forthe n8arfuture. Thjs, the trustees continue to adopt the going Goncern basis of accounting in preparing the financial ststements. Charftablo funds Unrestricted funds are available for use at the dimtKJn of the trustees in furtherance of Ihelr charitable cbjeclives. IA Incom• Income is recognised when th8 Charty is legally entitled lo it after any perforniance conditions have been me( the amounts can be measured reliabty. and il is probabl6 that Inccrtne will be rec&iveil. Cash donaltons are r9wni59d on receipt. Other d¢)nalion$ arg rocognis8d once th8 Charrty has bo8n notifiad ofthe donation unless porformance ￿ndIts'0nS requlre deferral of the amount. Income tsx recoverable in reLalion to donatlons recolved under GiftAid or deeds of covenant is recognlsed at the time of donal•Jn. Legacies aro recogni$￿ fx) recelpt or otherwise ifthe Charity has been nottfio¢J of an Fmwnding distribution. the amount is known, and receipt is expected. If the amounl is not kwn, the legacy is Irealed as a conlifYJent asset. li ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PEfERS HILLFIELDS COVENTRY NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 A￿D￿ntIng Policies {¢ontinu•d) Expandlturn Expenditure Is recognisgd onc8 th8re is a18gal or constructive obligallon to transf8r economic benefrt to a third party, it is Knbable that a trdnsfer of economk benefits will bg required in settlement. and the amount of the obligation be measured r8liabty- Expenditur8 is classified by actfvlty. The costs of gach acuvlty are made up of the tf)tal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a 3ingle activty are 8llIKated directly lo that actwtty. Shared costs which conln'bule lo more than one activity and support costs which afe not altribulabfe to a slngle acttvity 8r8 apportioned between thos8 activiU6s on a basis consislenl with the use of r8sour¢es. Central staff costs ore all￿ated based on time spent, and depreciation charggs aro alkxaled on the wtlon of the asset$ use. Investments Inv￿tments are valued at Mark&t value. Cash and ca8h •qulvalents Cash and cash equivalents include cash in hand, deposits held with banks, other $hort-temi IHJuid investments with original malurities of thre8 months or less, and bank over(Irafts. Bank overdrafts are shown within borrowings in current liabilities. Trodo Cradltors Trade credllors are obligations to pay for good8 or seNces that hava acquired in the ornlin8ry coursè of operation from suppliers. Amounts payable are classffied as current IlabllAles payment Is due wlthln one year or less. 11 no( they are presenlea 88 non-current IiaDiimes. Trade creditors are Tecognlso(l initially al transaction pri￿ and subgequently measured at amoth'sed c051 using the effethve inlerest method. Employee benfrftts The ¢o$t ol any unused holiday entit￿ment is recognised in tho peric¥J in which the employees, 5ervice$ aro received. TerMinat￿Th beneffts are recognisgd immediately as an ex￿nSe when the Charity is demonstrab￿ commltted to lermlnatg the employment of any employee or lo provide terminati￿ bpnefits. 1.10 R•t[r￿￿OnI bonefits Payments lo defined contribution retirerr￿t benefft schemes are charged as an expense as they fall due. 12 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETERS HILLFIELDS COVENTRY NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) POR THE YEAR ENDED 31 DECEMBER 2024 Crftlcal accountlng •stSm•ta$ and ftudgoments In the application of tho Charrty's accounting poliues, th8 trustees are requlred lo make judgments. estimates and 8ssumplicJns about the carrying amount of assgts and Ilabillli8s that are not readily apparent from other sources. Thè asllmates and associated assumptions are basèd on historical experienc6 and otherfactors that are relevant.Aclual results may dlffer from these estimates. The estimates and underlylng assumptions are revlew•J on an ongoing basis. Revlslons to 8ccounting estimates are recognised in the period in which tha estimate is revised where the revision affects only that, or in the period of the ievision and future periods where the revision affects both current and future periods. 13 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETERS HILLFIELDS COVENTRY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donatlons and lfjgacies Unrestricted Unrestricted funds funds 2024 2023 General Leagacies receivable 112,280 125,323 112.280 125,323 DO￿a￿n$ and gifts General Icontlnuedl 125,323 125,323 112,280 112,280 Restricted Restrrcted 2024 2023 Projects 204,470 148,803 Ana￿$1$ by fund Unrestrictèd funds Restricted funds 112.280 204.470 316,7SO 125,323 148WJ3 274,126 14 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF 8T PETER8 HILLFIELDS COVENTRY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Charltable actlvltles Total Totsl 20Z4 2024 2023 Staff costs Depreciation and Impairment Office premise5 ar other costs Govemance costs 168.447 168.447 129940 129,940 25 25 95 95 181,032 181.032 780 120,336 120,336 780 350,284 350,284 251,151 251,151 Analy515 by fund Unrestricted funds Restricted f unds 131,228 131,228 219,056 219,056 350,284 350,284 131A69 119,682 251,151 131.469 119.682 251,151 15 THE PAROCHWL CHURCH COUNCIL OF THE ECeLEs￿S￿cAL PARISH OF ST PEfERS HILLFIELDS COVENTRY NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flx•d Ass•t Investmènts I￿o￿d Investments Market Value l January 2024 I,iii 1,016 Additions Net Gainslllossesl on revaluation 25 95 Market Value 310ecember 2024 1,136 I,iii Debtorn 2024 2023 Trade Debtors Prepaid Expenses Other Debtors inc. Gife Claimable 1,931 8A37 5s¢JJ 2.384 27￿52 23,727 35,283 34,548 16 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEs￿SllcAL PARISH OF ST PEfERS HILLFIELDS COVENTRY NOTES TO ThE FINANCIAL STATEMETrrrs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Creditorn: amounts falling duo wlthln ono ￿Or 2024 2023 Trade Creditors PAYEINI Wages Pensions payable Accruals and deffered Income 447 2￿75 2,616 5,101 91 27 2.730 2.395 6.797 10,489 Employe•$ Tha averag8 monthty number of employees durfng the year was 512022: 5) Employm•nt costs 2024 2023 Wa99s and salarfes 168,447 168.447 129.940 129,940 The average hgad¢wnt ¢xpress8d as fiJn-time équivalents was S {2023.. 5}. There wore no empws whose annual remuneration was mc¥e than £60,000. TrustO•B The below trustees recelved remuneration from th9 Charity during the year. J Clark- £9.632 J Boume- £8.302 Relatsd party tran$a¢tlons Lorna Spina employed as community engagement worker cleaner £19.34012023-. £19,541)- There were trustee donations of £9.204.5012023'. £9.204.501 10 Inde￿ndOn1 •xamlnatlon The remuneralK)n paid lo tho in¢Jep8nd8nl 8xamin8r was £780 (2023: £7801. 17