Parochial Church Council St John the Baptist Batheaston with St Catherine Registered Charity No. 1127364 Annual Report & Accounting Statements for the Year Ending st 31 December 2024 DIOCESE OF Bath&Wells Living the story. Telling the story. PART 2 - Financial Review and Statement of Account5 The Accounts and Financial Statements for the year ended 31" December 2024 are part of the Annual Report. The accounts have been independently examined byTom Case FCA whose report is included. As in previous years the Parochial Church Council IPCCI identifies and accounts for a number of restricted and designated funds as well as an unrestricted General Fund, in accordance with charity law. Restricted Funds comprise money which has been 8iven to the PCC with a restriction on its use for particular purposes. Such funds cannot be used for other expenditure without the permission of the donor or, if this is not possible, the Charity Commission. Restricted funds held in 2024 were as follows.. St John Repoir Fund.. Money collected through fundraising to repair the church building. Purish Administrotor.- Grant from the Diocese Fund for Church Growth towards salary costs. The fund was fully utilised in 2024. St John Internal Repairs ond Heating.. A fund established for the improvement of the interior of St Johns church including improved heating, lighting and decorations. Stjohn Flower5.' A fund for flowers in St John. This fund was fully utilised in 2024. St Cotherine Legacy & Fabric: Money donated specifically for St Catherine's Church including legacies St Cotherine Music Fund.- Income from the Strutt Trust for the provision of music at St Catherine's Church Friends of St Cotherine's Church- Donations from Friends of St Catherine for expenditure on St Catherine's Church as agreed by the PCC in consultation with the Friends of St Catherine Fund in memory of Dororthy Tophom Fund in memory of Skip Doreen Rito Horsfield Legacy Viv Andorkt7 Legacy Short-life restricted funds have also been established and spent on specific projects. There are also a number of "designated" funds which have been set aside bv the PCC for particular purposes but which can be used for general purposes if required. Two of these are the St John Special Designated Funds held to ensure that legacies to the church (those from the late Ted White in 2019 and David Ireson in 20211 are spent in a manner appropriate to a legacy at the discretion of the PCC. The St Catherine Designated Fund is used to track expenditure on the running costs of 5t Catherine's Church. This is held at Zero at the year end with excess expenditure being met from the restricted St Catherine Legacies. In 2024, £5,000 was transferred from the Deposit Account IReserves1 to subsidise day to day expenditure. The main areas of outgoings in 2024 were: l. Parish Share1£44,1801 is a large expense representing 52% of the total expenditure. This increased from £32,266 in 2023, an increase of 36%. The year 2022 was £39,257. 2. Administration costs 1£6.1841 included salaries for organists and administrative assistant. 3. The PCC donated to a range of charities selected by the PCC: St Francis Hospital £750.00 Genesis Trust Bath £750.00 Batheaston Youth Club £750.00 Disaster Emergency Committee £750.00 Friends of Somerset Churches and Chapels £50.00 Total £3,050 4. A number of events were organised in 2024 which benefited local and national charities which are excluded from the accounts.. WaterAid £686.76 Mary's Meals £783.35 Christian Aid £82.09 Christian Aid Harvest Appeal £303.12 Total £1,855.32 5. Repairs to church buildings: New lighting for St John's Final payment of the Audio System Total £3,181.21 £3,326.40 £6,507.61 We held a number of fund raising events in 2024 which raised funds for the church and also brought in new faces to the events. Income £1,381.47 £1,475.38 £5,310.51 £1,285.71 £9,453.07 Costs Balance £95.64 £1,285.83 £565.43 £909.95 £1,148.64 £4,161.87 £0.00 £1,285.71 £1,809.71 £7,643.36 Art Trail Christmas Tree Festival Village Fete Si John's Decoration Beatle Drivelsumptous Meals Total £9,024 was recovered from HMRC during the year representing tax of gift aid payment received in the year. Batheaston with St Carherine's Receipts & Payments Account xember 2024 2024 2023 Recelpts Dona£￿￿$ and Lepci•i. afined 8￿1￿$ Collettthi%. d*rtAtitsh¥a 0ther8hlng InthEr yoperty Cipirxl PUfthase￿￿dl1ltyI1 LQM rtpaimenis lo￿•7) Total y¥m*nt¥ 147.949) {9.9141 (<4J71 182.502) 170.5231 {4.4011 16,8971 Ih21 (9.677) 15,9051 Surplu￿(De￿cIt) tsf R•¢*ipts OY•r Pl￿￿4n￿ 4.154 11441 17.0411 (9.077) 187,782 1.643 2&547 illl UD(I 01 31 O+Y IA(lU￿r&I￿￿el 24.158 Paroihial Fees Note poliiy Of thes¢ fces only tht ttmount due to the PCC Isiatutory 8 fflon-staiuwryl 1$ shown abovc as WMY the imoullt due to thc DBF ènd oth￿- Ouiiiig the yeJi'. the P(C rpKewwed Pai'ochial lep5 lOtaNIi £6.107.DO £1,733.00 £1.046.0 o.oo NnTr.Stsiiiiory Ex¢il£ due to the PCC IC>LilW £695.00 4913.00 TIIL PCC a15v T￿e1¥￿j D￿sIr& l¢r the lollowing ieai Iouling Bolonce owed ttt yrar-cnd {tnr. ITr CrèdltOr5) In lotsil Ilie PCC I'epjid tlit follDwiI￿ Fees dui'lng iliL' ye3r 1,846.00 0.00 L933.00 £0.00 £0.00 t•At oljar0￿ryX014 £i.K l.V7 -£1.3D3 Éo .E130 £30 El .14,¥)fj t7065 -£2.? und Ei. Ei. 11 ELiWJ niSWATIDFUN EO ÉSA £4XJfj lalW**LWloDayFund 1.734 f6. EQ (￿IDe￿Wa1edF￿r￿4oJ￿1re￿MLeyc¥) £5 Eo -eJ.s *nor41 FiindP(( &51 j￿￿% EJfv13 £4154 2024 l69fv80 %598 278.735 IB2,794 IHANSAtTIOPIS PIOT RÉCOMtlkÉDAIYfNAEND 4.987 .6]Q 4,98F 178.105 Notes to the Financial Statements For the year ended 31 December 2025 I. ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulations 2016 together with applicable accounting standards and the SORP 2019 IFRS 1021. The financial statements have been prepared on the Receipts & Payments Basis under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include any accounts of informal gatherings of church members. Funds Restrictedfunds represent lal income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and Ibl donations or 8rants received for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not normally invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestrictedfunds are general funds which can be used by the PCC for ordinary purposes. They include Designoted Funds which have been allocated by the PCC for a specific purpose, but which could be made available for general purposes. Incomlng resources Planned givin& collections and donations are recognised when received. Tax refund5 are recogni5ed when the incoming resource to which they relate is claimed. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Resources expended Grants and donations afe accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed assets Consecrated and benefice property is not included in the accounts in accordance with the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected lat any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. Equipment used within the church premises is depreciated on a straight-line basis over three years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired. Reserves The PCC has adopted a policy of trying to maintain a balance on unrestricted funds that equates to at least three months, unrestricted payment5. This is equivalent to about £15,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. The General Fund reserves remain below £15,000 but in an emergencythe Pccwould be able to draw on money in the Special Designated Funds. 2. STAFF COSTS During the year the PCC employed a Director of Music until March 2024. 3. PAYMENTS TO PCC MEMBERS No other payments were made to any PCC member apart from reimbursement of purchases of materials and consumables made on behalf of the PCC. 4 FIXED ASSETS- Tangible For information only Church Land Equipment TOTAL C05t at l January 2024 Additions/disposals at 31 December 2024 3,370 3,370 3,370 3,370 Depreciation at l January 2024 charged this year at 31 December 2024 Net book value at 31 December 2024 5 FUNDS The restricted funds include the St John Repairs Fund. St Catherine Legacy & Fabric, St Catherine Music Fund Istrutt bequest for the benefit of music at St Catherine'sl, and the Friends of St Catherine's Church. The PCC has also set up a designated fund for day-to-day Income and expenditure in respect of St Catherine's church. However, this is treated a5 an unrestricted fund as it is in the power of the PCC to use this money for general purposes if it sees fit. Other designated funds relate to a Choir Fund and Special Designated Fund established for the receipt of one legacy. 6 CHARITABLE GIVING Charitable giving included the following payments.. St Francis Hospital Genesis Trust Bath Batheaston Youth Club Disaster Emergency Committee 750.00 750.00 750.00 750.00 io 7. STOCK There was no stock of goods unsold at 31 December 2024. th These Financial Statementswereapproved bythe Parochlal Church Council on 6 April 2025 and signed on its behalf by Mr Rob Mimmack, Church Warden John Cornfield, PCC Honorary Treasurer Approved at the Annual Parochial Church Meeting held on 18th May 2025 Chair li Independent Examiner's report to the PCC of St John the Baptist with St Catherine, Batheaston I report on the financial statements of the PCC for the year ended 31 December 2024, which are set out in the Annual Report & Financial Statements. Respertive responsibilrties of the PCC and the examiner The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 as amended by the Charities Act 2011 (Accounts and Audit) Order 2015 and that an independent examination is needed. It is my responsibility to-. examine the accounts (under section 145 of the Act) follow the procedures laid down in the General Directions given by the Charity Commission (under section 1451511bl of the Act) and state whether particular matters have come to my attention Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considering any unusual item5 or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examinerfs Statement In connection with my examination no matter has come to my attention.. iii which give5 me reasonable cause to believe that in any material respect the requirements to keep accour)ting records in accordance with section 130 of the Act,. and to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met,. or 121 to which, in my opinlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. T R Case Bsc FCA Case Accounting Ltd 20 Goodwood Way Chippenham Wiltshire SN14 OSY Signed Date 7Dzs 12