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2024-12-31-accounts

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PCC OF ST FRANCIS, BOURNVILLE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Report of the trustees

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Notes to the Financial Statements

Detailed Statement of Financial Activities

Page 1 to 5 6

7 to 8

9 to 10 11 to 19

20 to 22

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NCIS, BOURNVILLE

E TRUSTEES ENDED 31 DECEMBER 2024

y of the PCC is that we aim to hold an unrestricted reserve equivalent to three months’ running

ent fabric fund as a restricted fund for long term care of the church building. Although this fund was d in 2023, we intend to focus on replenishing it over the next two years. In addition to this und it is the policy of this church to keep an ongoing maintenance reserve to which we contributed hrough fundraising and monies transferred from unrestricted funds). This is used to pay for planned work relating to the maintenance schedule, work identified through quinquennial inspections and for general repairs to the building and fixtures. In 2024 we undertook repairs to the church guttering and roof at a cost of £2,690 to the maintenance reserve.

We have an established designated legacy fund where the PCC have allocated funds to be spent on a number of future projects. In 2024, we utilised the fund for:

° Nave altar £6,670 ° Depreciation charges for assets purchased in previous years £2,288 ° Transfer to the restricted Youth Worker fund to support ongoing youth activities £4,218 The Legacy bank accounts earned interest of £1,521. At the year end the Legacy fund balance was £99,148 (2023: £105,524).

In 2025, the PCC anticipate that funds will be required for the following:

epairs to the Cloister roof and the external doors, tympanum and stonework (in lieu of funds being vailable from the Fabric fund)

| that the reserves policy is not yet achieved in unrestricted general funds. This position continues to d by the PCC through robust monitoring of unrestricted expenditure and income generation.

ing these financial statements the PCC has considered the Charity’s ability to operate for the e, including a period up to twelve months from this date, and do not believe there is anything of ill adversely affect this ability to operate for the foreseeable future. The Charity has sufficient which could be re-purposed, if required, to absorb any short-term in-period deficits. Thus the PCC rity to continue to be a going concern.

4

PCC OF ST FRANCIS. BOUAIIVILLE REPORT OF THÈ TRUSTEES FOR ThE YEAR eNDeD 31 DECEIIBER >)24 The PCC have also co05￿ered1h? c￿rity C47hn&sion 8uldancÈoth tenefitand. in ￿rt, the sUpplen￿O￿lda)cefOr the advancementol rdvaion Conduslon Th¢ church and PCC hxkfofW4rd to Cl￿tinued focus on ¢yJrprimiry aims th the parfsh ow Cent￿•￿ We lookto our God t0 5uply we nEEd to a￿oI1￿11$h HIS uk •Trd He usee•th one ol us it) it. ThEre 1> insufficient to rnentDn aTrthos¢ t￿t hkntwen thtrtsmeandertew io m•HithirAne the thurch'sfvTrcti¢MI. But to e¥eryon• In the clwrth. I￿￿k￿U Iwwurcomrtwr and %UPPDrt In th•pa%tywr. t•d.. C•￿n Rlchird W￿rtOn. Cha Paijsh Olfvce St Francis Ctrire Sytamort Road 6ournMII• Bimiinthim 8YO 2AA Tel.. 0121472 7215 rn Ra￿Stor￿ (hK￿Y Ilurnblr. 1127332

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCC OF ST FRANCIS, BOURNVILLE

Independent examiner's report to the trustees of PCC of St Francis, Bournville | report to the charity trustees on my examination of the accounts of PCC of St Francis, Bournville (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report 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’). | report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Paul Guise ACA

Prime

Chartered Accountants Corner Oak 1 Homer Road Solihull B91 3QG

Date .O9/05/2025

6

PCC OF ST FRANCIS, BOURNVILLE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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2024 2023
Unre Des Re Endow Total Total
funds funds funds fund funds funds
Notes £ £ £ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and legacies 98,839 34,491 51,949 - 185,278 163,990
Charitable activities
Charitable Activities 1,243 - - - 1,243 3,021
Fundraising activities 2 105 - 10,738 7,141
Investment income 3 4,543 - - 6,186 4,003
Other income 10,500 11,279 - 28,379 24,292
Total 125,758 63,333 - 231,824 202,447
EXPENDITURE ON
Raising funds 6,744 350 110 - 7,204 4,005
Charitable activities
Charitable Activities 107,410 13,784 60,196 - 181,390 200,897
Other 116 - - 5,189 13,247
Total 114,270 60,306 - 193,783 218,149
Net gains/(losses) on
investments 402 - - 402 1,522
NET 11,488 23,928 3,027 - 38,443 = (14,180)
INCOME/(EXPENDITURE)
Transfers between funds 12 (3,600) (618) 4,218 - - -
Net movement in funds 7,888 23,310 7,245 - 38,443 (14,180)
RECONCILIATION OF
FUNDS
Total funds brought forward 2,038 133,152 21,407 440,607 597,204 611,384
TOTAL FUNDS CARRIED
FORWARD 9,926 156,462 28,652 440,607 635,647 597,204
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RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD

7

PCC OF ST FRJICIS BOUANVILLE 8ALANCE SHEET 31 DECEMBER 2￿24 2024 2023 Total lund fvnds HXED ASSETS Targible a$sels Inv•stm•ntg Investments Investrnent proptyty 7S3 4.129 17 17,986 17.554 140807 4￿40 440.fj07 753 19186 440,607 181246 462.290 CURRENT A8S Stocks Debtors Cash at 185 4,601 10 &198 1215 8384 135381 11.582 13V78 186,458 144.313 CREDITORS Amounts falling LI ilhin y•w 12,4091 {1105n 19.3991 NETCURREKr ASSETS 9,1fd 136.576 28,652 174,401 134,914 TOTAL ASSEfs LESS CURRENT LIABILmes 9,V26 156A62 28A52 440,4107 635.847 597204 NET ASSETS 1.926 1$6,462 •652 440,&)7 635647 a04 FUNDS UrreslrKted lunds Des￿￿8t80 funds Restr￿0￿ fulbls ETrYowmorn fuThJg 12 2,038 133,152 21,407 156,162 TOTAL FUNDS 635.647 597.204 The lirwKial siaternenis wer• aFprov•J by ￿ Boar(l of Trushas and 8thhwd l(w Issu• on 18 .14prkl....2a.A..... aTrJ w•re $￿ed on it5 bthal by.. R M whart￿ . Trustee

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

  1. ACCOUNTING POLICIES

Basis of preparing the financial statements The PCC is a public benefit entity within the meaning of FRS102 (Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland). The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ "true and fair view" provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Incoming resources All income is recognised in the Statement of Financial Activities once the PCC has legal entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary and Other Non-Investment Income - Collections and planned giving are recognised when received by or on behalf of the PCC; - Income tax recoverable under Gift Aid donations is recognised when the income is recognised; - Grants and legacies to the PCC are recognised as soon as th PCC is notified of its legal entitlement, the amount due is quantifiable, and its ultimate receipt by the PCC is reasonably certain; - Funds raised from events are reported gross, i.e. before the deduction of any related costs;

Investment Income - Dividends are recognised when due and payable;

Government Grants

Government grants are recognised when there is a reasonable assurance that the company will comply with the conditions attached and the grant will be received or on actual receipt of the grant, whichever is earlier. Grants for immediate financial support are recognised on receipt.

Expenditure and liabilities Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Gains and Losses on Investments Realised gains or losses are recognised when investments are sold; Unrealised gains or losses are recognised on revaluation of investments at 31 December. Grants Grants and donations are accounted for when paid over, or when awarded, if that binding obligation on the PCC.

if that award creates a

9

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. ACCOUNTING POLICIES - continued

Activities directly relating to the work of the Church Expenditure and liabilities The diocesan parish share (Common Fund) is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Fixed assets Consecrated property and movable church furnishings

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10 (2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 1 January 2006, there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2006 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (initially over 10 years) on a straight line basis.

All expenses incurred in the year on consecrated or benefice property, individual items under £2,500 or on the repair of movable church furnishings acquired before 1 January 2006 are written off as revenue costs.

Fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 5 years. Individual items of equipment with a purchase cost of £1,000 or less are written off when the asset is acquired. Pooled items, that is more than one item of the same description purchased at the same time, with an individual value in excess of £250 are capitalised.

63 Linden Road - Investment Property

The semi-detached property, 63 Linden Road, was gifted to the Parochial Church Council of St Francis, Bournville on 29 July 1960. The property has been held in special trust by the Birmingham Diocesan Trustees Registrar since 1960.

The property was previously valued in March 2004 at £230,000. As the property is an investment property depreciation does not apply. The property is revalued for insurance purposes at regular intervals and loss or gain on revaluation will be realised during that financial year. A valuation was last carried out in October 2019, wherein the property was valued at £425,000 with the gain recognised in the accounts for the year ended 31 December 2019. Investments

Investments are valued at market value at 31 December. Any gain or loss on investments are realised within the current financial year.

Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

10

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. ACCOUNTING POLICIES - continued

Taxation The charity is exempt from tax on its charitable activities.

Fund accounting Endowment funds are restricted funds, the capital of which must be retained; only income arising from investment of the endowment may be used as a restricted or unrestricted fund depending upon the purpose for which the endowment was established.

Restricted funds are income funds that represent: (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or the bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on a specific project for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. The PCC usually invests separately for significant restricted funds ensuring that interest is apportioned correctly. Unrestricted funds represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC. These include designated funds which are contributions with the stipulation that they be used for a specific purpose, such as spending on a approved future project. The PCC are responsible for designating funds, and the balances of these funds are disclosed separately to the general unrestricted fund in the Notes to the Financial Statements.

Current assets Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provisions for the amounts that may prove uncollectable. Short-term deposits include cash held on deposit with either the CBF Church of England Funds or at Lloyds Bank

Going Concern The accounts have been prepared on the basis of being a going concern as outlined in the Trustees' annual report. Impairment of assets At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

Donated Services Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met and the receipt of economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time of Volunteers is not recognised. Please refer to the trustee's annual report for more information about their contribution.

11

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

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2. FUNDRAISING ACTIVITIES
2024 2023
£ £
Fundraising 10,386 6,920
Traidcraft Sales 105 90
Refreshments after Church 247 131
10,738 7,141
3. INVESTMENT INCOME
2024 2023
£ £
Dividends 244 240
Interest CBF Deposit Fund 5,942 3,763
6,186 4,003
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  1. TRUSTEES' REMUNERATION AND BENEFITS

There were no other trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees’ expenses

Members of the PCC, as well as Ministers, were fully reimbursed for expenses paid on the Church's behalf. The total expenses reimbursed to trustees and ministers amounts to approximately £900 (2023: £800). The expenses were for resources, small repair items, refreshments, telephone costs, and various other sundry items paid on the Church's behalf. There were 5 trustees (2023: 4 trustees) reimbursed during the year, including PCC Members and Ministers. 5. ALLOCATION OF ADMINISTRATION COSTS

Administration Costs are allocated to expenditure in the following manner:

Cost Description Charitable Raising Total Cost _Basis of Allocation Activities Funds £ £ £ Time spent on Administration 23,356.70 2,595.19 25,951.89 activities Salaries Printing and Stationery 1,189.59 593.90 1,783.49 Usage Bank Charges 116.53 116.53 233.06 Usage Independent Examiner 2,100 - 2,100 Nature of activity Note - £5,185 of Administration Salaries are shown as Parish Admin & Treasurer Salary in Charitable Activities and are not part of the Administration Costs figures shown above.

12

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. TANGIBLE FIXED ASSETS

Church Equipment £ COST At 1 January 2024 43,261 Additions ~~869~~ At31 December 2024 ~~44,130~~ DEPRECIATION At 1 January 2024 39,132 Charge for year 2,315 At31 December 2024 ~~41,447~~ NET BOOK VALUE At31 December31 December December 2024 ~~2,683~~ At31 December31 December December 2023 ~~4,129~~

NET BOOK VALUE At31 December31 December December 2024 At31 December31 December December 2023

  1. FIXED ASSET INVESTMENTS

MARKET VALUE At 1 January 2024 Revaluations At31 December 2024

NET BOOK VALUE At31 December 2024 At31 December 2023

CBF Investment Fund Shares £ 17,554 ~~402 17,956 17,956 17,554~~

There were no investment assets outside the UK. Holdings at 31 December 2024: 777 shares in the CBF Church of England Investment Fund (31 December 2023: 777 shares)

13

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. FIXED ASSET INVESTMENTS- continued

Cost or valuation at 31 December 2024 is represented by:

Valuation in 2022 Valuation in 2023 Valuation in 2024

  1. INVESTMENT PROPERTY FAIR VALUE At 1 January 2024 and 31 December 2024

NET BOOK VALUE At31 December 2024 At31 December 2023

CBF Investment Fund Shares £ 16,032 1,522 402 17,956 £ 440,607 ~~440,607 440,607~~

  1. STOCKS

Traidcraft Stock

  1. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments Accrued Income - Gift Aid

2024 2023 £ £ 165 165 2024 2023 £ £ 3,229 2,213 1,138 1,105 1,081 1,283 5,448 4,601

14

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. CREDITORS: AMOUNTS Creditors for goods & services Accruals 12. MOVEMENT IN FUNDS

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023 £ £ Creditors for goods & services 1,000 150 Accruals ~~11,057 9,249~~ 12,057 9,399 MOVEMENT IN FUNDS Net Transfers movement between At At 1.1.24 in funds funds 31.12.24 £ £ £ £ Unrestricted funds General fund 2,038 11,488 (3,600) 9,926 63 Linden Road (Designated) (14,731) 3,947 - (10,784) Ageing Well (Designated) 17,000 - - 17,000 Children & Adult's Choir (Designated) 376 515 - 891 Legacy Fund (Designated) 105,524 (6,924) (4,218) 94,382 Maintenance Fund (Designated) 68 7,547 3,600 11,215 Special Fund (Designated) 762 1,000 - 1,762 St Peters Saltley Trust (Designated) 32 - - 32 Centenary (Designated) 20,735 19,725 - 40,460 Stay & Play Warm Welcome (Designated) 3,386 (1,882) - 1,504 135,190 35,416 (4,218) 166,388 Restricted funds Action Aid 170 (178) - (8) Ageing Well 2,402 3,955 - 6,357 Bookstall Fund 2,049 - - 2,049 Bournville Parish Youth 129 - - 129 Digikicks Project 1 2,293 (1,489) - 804 Digikicks Project 2 275 - - 275 Fabric Fund 94 30 - 124 Flower Fund 2,008 (50) - 1,958 Heating Fund - 3,068 - 3,068 Memory Cafe 7,877 (1,139) - 6,738 Traidcraft Fund 412 (6) - 406 Youth Worker 3,698 (1,164) 4,218 6,752 21,407 3,027 4,218 28,652 Endowment funds Land & Buildings Fund 440,607 - - 440,607 TOTAL FUNDS 597,204 38,443 - 635,647

Restricted funds Action Aid Ageing Well Bookstall Fund Bournville Parish Youth Digikicks Project 1 Digikicks Project 2 Fabric Fund Flower Fund Heating Fund Memory Cafe Traidcraft Fund Youth Worker

Endowment funds Land & Buildings Fund TOTAL FUNDS

15

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 125,758 (114,270) - 11,488 63 Linden Road (Designated) 6,822 (2,875) - 3,947 Children & Adult's Choir (Designated) 1,168 (653) - 515 Legacy Fund (Designated) 1,642 (8,968) 402 (6,924) Maintenance Fund (Designated) 7,502 45 - 7,547 Special Fund (Designated) 1,000 - - 1,000 Centenary (Designated) 24,600 (4,875) - 19,725 Stay & Play Warm Welcome (Designated) - (1,882) - (1,882) 168,492 (133,478) 402 35,416 Restricted funds Action Aid - (178) - (178) Ageing Well 32,746 (28,791) - 3,955 Digikicks Project 1 300 (1,789) - (1,489) Fabric Fund 30 - - 30 Flower Fund 10 (60) - (50) Heating Fund 16,279 (13,211) - 3,068 Memory Cafe 5,034 (6,173) - (1,139) Traidcraft Fund 104 (110) - (6) Youth Worker ~~8,830 (9,994) - (1,164) 63,333 (60,306) - 3,027~~ TOTAL FUNDS 231,824 (193,783) 402 38,443

16

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers movement between At At 1.1.23 in funds funds 31.12.23 £ £ £ £ Unrestricted funds General fund 3,343 (1,305) - 2,038 63 Linden Road (Designated) 5,669 (4,793) (15,607) (14,731) Ageing Well (Designated) 17,000 - - 17,000 Children & Adult's Choir (Designated) 278 98 - 376 Legacy Fund (Designated) 109,972 (4,448) - 105,524 Maintenance Fund (Designated) 6,102 (6,034) - 68 Special Fund (Designated) 652 110 - 762 St Peters Saltley Trust (Designated) 32 - - 32 Centenary (Designated) - 20,735 - 20,735 Stay & Play Warm Welcome (Designated) - 3,386 - 3,386 143,048 7,749 (15,607) 135,190 Restricted funds Action Aid - 170 - 170 Ageing Well 6,637 (4,235) - 2,402 Bookstall Fund 2,115 (66) - 2,049 Bournville Parish Youth 129 - - 129 Digikicks Project 1 8,061 (5,768) - 2,293 Digikicks Project 2 275 - - 275 Fabric Fund 5,963 (5,869) - 94 Flower Fund 2,161 (153) - 2,008 Heating Fund 6,718 (6,718) - - Memory Cafe 5,670 2,207 - 7,877 Traidcraft Fund 418 (6) - 412 Youth Worker ~~5,189 (1,491) - 3,698~~ 43,336 (21,929) - 21,407 Endowment funds Land & Buildings Fund 425,000 - 15,607 440,607 TOTAL FUNDS ~~611,384 (14,180) - 597,204~~

17

PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

  1. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 108,361 (109,666) - (1,305) 63 Linden Road (Designated) 2,801 (7,594) - (4,793) Children & Adult's Choir (Designated) 186 (88) - 98 Legacy Fund (Designated) 5,470 (11,440) 1,522 (4,448) Maintenance Fund (Designated) 327 (6,361) - (6,034) Special Fund (Designated) 110 - - 110 Centenary (Designated) 21,397 (662) - 20,735 Stay & Play Warm Welcome (Designated) ~~4,921 (1,535) - 3,386~~ 143,573 (137,346) 1,522 7,749 Restricted funds Action Aid 427 (257) - 170 Ageing Well 20,585 (24,820) - (4,235) Bookstall Fund - (66) - (66) Digikicks Project 1 16,120 (21,888) - (5,768) Fabric Fund 94 (5,963) - (5,869) Flower Fund 20 (173) - (153) Heating Fund 13,614 (20,332) - (6,718) Memory Cafe 7,311 (5,104) - 2,207 Traidcraft Fund 96 (102) - (6) Youth Worker ~~607 (2,098) - (1,491) 58,874 (80,803) - (21,929)~~ TOTAL FUNDS 202,447 (218,149) 1,522 (14,180)

Fund Details

The restricted funds comprise of the Action Aid Fund, Agency Collection Fund, Ageing Well Fund, Bookstall Fund, Bournville Parish Fund, Digikicks Funds (Projects 1, 2 & 3), Fabric Fund, Flower Fund, Heating Fund, Memory Cafe Fund, Traidcraft Fund, and the Youth Worker Fund. The Fabric Fund is held for ad-hoc repairs and maintenance of the Church and Vicarage. The Endowment Funds comprise of the Land & Buildings Fund. This fund is in the form of a semidetached property, 63 Linden Road, which was donated to the Church for its continuing use in 1939 and which has been held in trust by the Diocesan Trustees Registrar since 1960. This property is included in the accounts at its 2019 professional valuation of £425,000. Income generated from the leasing of this property can be spent as per other unrestricted income.

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PCC OF ST FRANCIS, BOURNVILLE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
13. RELATED PARTY DISCLOSURES
Transactions took place during the year between the PCC and the St Francis Youth and Community
Centre, which is a related charitable company that shares some trustees in common. These
transactions were made towards the shared costs paid by one of the charities. The details are as
below:
2024 2023
Income received from St Francis Youth and Community Centre £ £
Reimbursement for use of Heating and Lighting 10,824 10,364
Reimbursement for cost of Photocopies 300 300
Contribution to costs of Youth Worker Salary 3,480 308
Total Income Received 14,604 11,372
Expenditure paid to St Francis Youth and Community Centre £ £
PCC's contribution to Salaries for the Parish Administrator and the Treasurer 1,631 15,744
Memory Café room hire 2,801 1,240
PCC's contribution to agency collections - 40
Digikicks Room Hire - 200
Total Expenditure Paid 4,432 17,224
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The transactions between the two charities are paid as they become due. There is a debtor balance outstanding of £1,369.37 owed to the PCC by St Francis Youth and Community Centre at the year end. There are no other balances outstanding at the year end.

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PCC OF ST FRANCIS, BOURNVILLE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
2024 2023
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
INCOME AND ENDOWMENTS
Donations and legacies
Planned Giving 59,728 - - 59,728 71,451
Collections 2,936 - - 2,936 3,665
Sundry Donations 26,772 190 - 26,962 5,340
Other Income 29,292 51,654 - 80,946 59,814
Income Tax Recovered 14,525 105 - 14,630 13,565
Sundry Income 76 - - 76 10,155
133,329 51,949 - 185,278 163,990
Fundraising activities
Fundraising 10,386 - - 10,386 6,920
Traidcraft Sales - 105 - 105 90
Refreshments after Church 247 - - 247 131
10,633 105 - 10,738 7,141
Investment income
Dividends 244 - - 244 240
Interest CBF Deposit Fund 5,942 - - 5,942 3,763
6,186 - - 6,186 4,003
Charitable activities
Wedding Fees 535 - - 535 1,087
Funeral Fees 708 - - 708 1,934
1,243 - - 1,243 3,021
Other income
Heat & Light - 11,279 - 11,279 16,164
Photocopies 300 - - 300 328
Rent 63 Linden Road 16,800 - - 16,800 7,800
17,100 11,279 - 28,379 24,292
Total incoming resources 168,491 63,333 - 231,824 202,447
EXPENDITURE
Raising donations and legacies
Administration Costs 3,306 - - 3,306 2,886
Carried forward 3,306 - - 3,306 2,886
----- End of picture text -----

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PCC OF ST FRANCIS, BOURNVILLE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023 Unrestricted Restricted Endowment Total Total funds funds funds funds funds £ £ £ £ £ Raising donations and legacies Brought forward 3,306 - - 3,306 2,886 Fundraising Expenditure 3,788 - - 3,788 952 7,094 - - 7,094 3,838 Other trading activities Opening stock - 165 - 165 176 Traidcraft Purchases - 110 - 110 90 Bookstall Expenses - - - - 66 Closing stock ~~: (165) : (165) (165)~~ - 110 - 110 167 Charitable activities Rates and water 321 - - 321 (20) Diocesan Common Fund 53,945 - - 53,945 51,500 Ministry - General Expenses 498 11 - 509 109 Ministry - Travel Expenses 29 - - 29 - Ministry - Vicarage Expenses 676 - - 676 600 Church - Heating 4,934 6,051 - 10,985 10,160 Church - Lighting - 8,600 - 8,600 21,149 Church - Insurance 5,839 - - 5,839 7,617 Church - General - Repairs 3,555 - - 3,555 10,271 Church - General - Expenses 3,789 301 - 4,090 1,307 Fixtures & Equipment 5,607 - - 5,607 1,925 Services - Altar 801 - - 801 1,064 Services - Music 15,212 - - 15,212 14,985 Children & Families Missioner 131 - - 131 366 Active/Messy Church 460 - - 460 73 Church Salaries 23,356 - - 23,356 15,471 Youth Worker - 16,974 - 16,974 1,936 Youth Worker Expenses 7 4 - 11 57 Fees, Subs & Training 1,115 - - 1,115 1,106 Photocopier 1,190 - - 1,190 1,953 Postage & Telephone 86 - - 86 235 Stationery - - - - 130 Action Aid - 178 - 178 257 Bank Charges 117 - - 117 127 Professional Fees 4,086 - - 4,086 5,655 Refreshments 227 - - 227 106 Aging Well Expenses - 35,072 - 35,072 51,812 Charitable donation - - - - 1 IT Costs 971 - - 971 945 Salary Contributions (5,758) (6,995) - (12,753) - 121,194 60,196 - 181,390 200,897

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