REGISTERED CHARITY NUMBER: 1127405
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2024
for
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Clifton-Crick Sharp & Co. Ltd Chartered Accountants 40 High Street Pershore Worcestershire WR10 1DP
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | to | 2 |
| Report of the Trustees | 3 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 20 |
| Detailed Statement of Financial Activities | 21 | to | 23 |
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Reference and Administrative Details FOR THE YEAR ENDED 31 DECEMBER 2024
Incumbent
Reverend Canon Sarah Dangerfield
Trustees
Mark Blackwell Meredith Debenham Elizabeth Gardner Julian Hawley Susan Hiscocks Carol Oldfield Laurence Orchard Martin Ounsted Alison Sandham Celia Willis Iain Summerfield
Secretary
Carole Oliver (Co-opted)
Churches
St John the Baptist, Fladbury St Thomas, Lower Moor St Anne, Wyre Piddle St Michael, Cropthorne St John the Evangelist, Charlton
Parish Office
The Rectory Station Road Fladbury Worcestershire WR10 2QW
Charity Registration Number
1127405
Bankers
Lloyds Bank plc Blackheath branch 153 High Street Rowley Regis B65 DEB
Independent Examiner
Clifton-Crick Sharp & Co Ltd 40 High Street Pershore WR10 1DP
Management Team
Reverend Canon Sarah Dangerfield, Priest-in-Charge Meredith Debenham, Church Warden Celia Willis, Church Warden Susan Hiscocks, Lay Reader Mark Blackwell, Elected Member 2023/2024 and 2024/2025 Elizabeth Gardner, Elected Member 2023/2024 and 2024/2025 Julian Hawley, Elected Member 2023/2024 and 2024/2025 Carol Oldfield, Elected Member 2023/2024 and 2024/2025
Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Reference and Administrative Details FOR THE YEAR ENDED 31 DECEMBER 2024
Carole Oliver, (Secretary) Other Member 2023/2024 and 2024/2205 Laurence Orchard (Treasurer), Other Member 2023/204 and 2024/2025 Martin Ounsted, Elected Member 2023/2024 and 2024/2025 Alison Sandham, Deanery Synod Representative 2023/2024 and 2024/2025 Iain Summerfield, Elected Member 2023/2024 and 2024/2025
Standing Committee
Reverend Canon Sarah Dangerfield Meredith Debenham Laurence Orchard Alison Sandham Celia Willis
Church Wardens
Elizabeth Gardner, Deputy Church Warden 2023/2024 and 2024/2025 Wendy Malkinson, Deputy Church Warden 2023/2024 and 2024/2025 Carol Martin, Deputy Church Warden 2023/2024 and 2024/2025 Martin Ounsted, Deputy Church Warden 2023/2024 and 2024/2025 Frances Summerfield, Deputy Church Warden 2023/2024 and 2024/2025 Julian Hawley, Acting Church Warden 2023/2024 and 2024/2025 Susan Hiscocks, Acting Church Warden 2023/2024 and 2024/2025
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
ACHIEVEMENT AND PERFORMANCE
Fabric Report
We have received in the past few weeks the 2024 Quinquennial Reports for Fladbury and Cropthorne. The additional major electrical repairs at Fladbury and the slate roofing repairs at Cropthorne, both stated as requiring immediate action, have already been completed. The report for the proposed installation of a perimeter soakaway with integral damp proof membrane at Fladbury, strongly supported within the Inspection for Fladbury, should be available within the next few weeks. This will be required to be costed and approved by the PCC prior to being submitted as a Faculty Petition. The other Fabric items that will be requiring attention at Fladbury in the near future are the gutters and downpipes, the roof copings and the insulation and ventilation to the vestry. We will also have to continue to keep close attention to the slate and tiled roofing together with the tower roof at Cropthorne. We still await the Quinquennial reports for both Charlton and Wyre- but I do not foresee any major problems with either church.
Patrick Palmer
Safeguarding responsibilities
The PCC is aware of and is committed to its duty to have due regard to House of Bishop's guidance on safeguarding children and vulnerable adults. The PCC uses the Dashboard tool provided in the Diocese for ongoing self-audit to seek to ensure it fulfils that duty. The dashboard monitors compliance and generates a safeguarding action plan which is regularly reviewed by the PCC.
The PCC follows the Church of England guidance on Promoting a Safer Church, Safer Recruitment and People Management and Social Media guidelines, and has policies in place for Safeguarding, Recruitment of Ex-offenders, and DBS application handling and storage.
Churchwardens and all those working with children and vulnerable adults are appointed using the Safer Recruitment guidance and Disclosure and Barring Service. The Parish Safeguarding Representative working with the Priest-in-Charge and the PCC oversees the schedule of Safeguarding training required and provided by the diocese for all new and existing individuals who work with children and vulnerable adults.
The Parish Safeguarding Handbook has been adopted. This encompasses key safeguarding responsibilities along with useful links and practical advice, further supplemented by Safer Environment and Activities practice Guidance issued in October 2019. Hard copies of the Handbook are available in every church and safeguarding posters are displayed with useful contact details.
The PCC has procedures in place to follow Guidance on Responding to Safeguarding Concerns or Allegations that relate to Children, Young people or Vulnerable Adults and on Responding Well to Domestic Abuse. A referral form for reporting any safeguarding concerns directly is available on the diocesan website with paper copy also available in churches. It is for initial contact and can be sent to the safeguarding team email address for early response.
The PCC has passed a Delegation Resolution to provide for the responsibility for any safeguarding Serious Incident to be reported to the Charity Commission, to enable scrutiny to confirm appropriate safeguarding procedures and responses are in place, and for sharing relevant information to protect others.
Jean Ounsted
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW The Treasurer’s Report Church attendance
There were 111 parishioners on the Parish Electoral Roll in 2024.
The average attendance in churches across the parish when services were held was 46.
Charitable fundraising
Special Collections and Funeral Collections £1,622
(Friend of the Holy Land, Acorn Children's Hospital, St Richard's Hospice, Vale of Evesham School, Centrepoint)
Sub group financial contributions
Contributions from the Cropthorne and Fladbury Walkabouts and the Charlton Fair the Parish amounted to £11,771 (2023 - £14,325), the reduction being due to a complete washout of the first day of the Fladbury Walkabout. Statutory and other fees earned from weddings and funerals amounted to £11,223 (2023 - £8,056)
Other Fundraising activities raised £4,919 (2023 - £4,193) from the Fladbury Prom concert, quizzes and other collections for various Church Funds.
Financial Review
The Parish had a surplus of income over expenditure before investment revaluations of £15,030 (2023 - £1,831 surplus) but it should be noted that it did not pay its Ministry Share in full. We were able to contribute £51,996 (2023 - £54,595) by way of Ministry Share out of the £79,649 which the Diocese originally requested. Our Parish Share for 2025 will be £80,526 (an increase of £877). Ministry Share is paid out of the Parish's General Fund which at the end of the year stood at £4,365 (2023 - £497). Affordability and the impact it may have on clergy resourcing is still a major concern.
The surplus was mainly due to One-off donations, Statutory fees and the contributions from the various Walkabouts and fund-raising which are however attributed to restricted funds and therefore not available for covering general expenditure. The balance of unrestricted funds at 31 December was £28,345 (2023 - £22,538). The increase in surplus was principally due, on the income side to the increase in one-off donations (£7,577) and Statutory Fees (£3,067) which more than offset the reduction in planned and other giving (£3,671) and Walkabout income (£2,565), and on the expenditure side to a reduction in electricity costs (£3,582), Ministry share (£2,599) and Churchyard maintenance (£3,127) despite an increase in the Fabric maintenance charges (£4,831).
Our investment funds performed in line with the upturn in the stock markets, and closed at £279,852 (2023 - £273,589), an increase in value of £6,262. We remain satisfied that these funds are invested in the right place as we received an income of £7,594 (2023 - £7,529) from these investments (3% of opening value), which is a satisfactory return compared to percentage incomes available from safe deposits and given that these are invested via the Church Commissioners in Ethical Investments.
Our core planned giving decrease slightly to £55,834 (2023 - £56,636). We thank everyone who continues to respond to our appeal for support and are looking at ways to increase this further.
Looking at 2025, we have several areas of known increased cost: Ministry Share, Church Repairs and Churchyard Maintenance. As mentioned in the Fabric report, there are a number of projects for both Fladbury and Cropthorne churches for which costings will be required. It is hoped that there are sufficient funds in both church's fabric funds to pay for this work.
Parish Giving Scheme (PGS)
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024
We have continued to promote the PGS, sponsored by Worcester Diocese, which enables us to collect regular giving by Direct Debit rather than by Standing Order. It is fully guaranteed under the Direct Debit Guarantee scheme and professionally managed under the control of Gloucester Diocese, and has been introduced successfully in many other Diocese around the country.
There are many benefits all round with this scheme, including much quicker recovery of Gift Aid, improved cash flow and the opportunity to keep our income inflation linked.
50 (2023 - 48) of our donors have now moved from Standing Orders to the PGS. If you are not a member of the Parish Giving Scheme, please, please join it and make a regular donation through the scheme. If you are already giving through envelopes or by Standing Order, please consider joining the PGS as it dramatically reduces our workload in Finance and also helps significantly with forecasting our income.
Banking
Our cash position is satisfactory with £93,682 in hand of which £73,824 is held at CAF Bank on behalf of the restricted funds. Our day to day banking is with Lloyds Bank which continues to prove us with free banking. As mentioned in previous years, there is a strong momentum within the banks to introduce charges (even for so called free accounts) for any transactions that are not online or computerised and I continue to urge any donors to consider moving from using the envelopes for cash or cheques and instead discuss with our Gift Aid Officer (John Allsop) about going onto the Parish Giving Direct Debit scheme. Additionally, with the closure of bank branches in the area, the paying-in of cash and cheques is becoming ever more problematic.
Financial Summary
As at 31 December 2024 the total net value of our funds stood at £371,068 (2023 - £349,776) We have the following in Church specific Fabric funds
£43,231 (2023 - £41,808) for St. Anne (Wyre Piddle) £1,984 (2023 - £1,483) for St. John the Evangelist (Charlton) £90,098 (2023 - £89,893) for St. Michael (Cropthorne) £23,641 (2023 - £29,015) for St. John the Baptist (Fladbury) £2,623 (2023 - £1,531) for St. Thomas (Lower Moor)
Associated Charities and Funds
The Eleanor Gange Trust (an endowment fund) is now valued at £70,324 (2023 - £68,750). It raised £1,908 (2023 - £1,879) in dividends which was all used for Fladbury Churchyard maintenance as required by the Trust. As noted in previous years, the dividend income from the Eleanor Gange trust had been the main source of income for the maintenance of Fladbury Churchyard, but the Churchyard maintenance costs had considerably exceeded this income in the last few years. However, as the result of an appeal made at the end of 2022, regular monthly contributions are being made to the Fladbury Churchyard Maintenance fund and these amounted to just over £3,000 in the year and this has enabled the Fund to cover its costs in the year. Along with a generous donation of £5,000 received in the year in memory of a deceased parishioner, this has enabled money to be made available for essential work on some of the trees in the churchyard which will be carried out in 2025. As a result, the fund stood at £8,620 at 31 December 2024. Last year, it was noted that the Cropthorne Churchyard Fund had only £140 left in it but, as a result of a reduction in costs in the year, it now stands at £1,317. The Eleanor Gange Trust, with the Charities Commission permission, has been attached to the Parish Charity (1127405) and its accounts are no longer published separately.
Parish Share
In the year, we paid £51,996 out of the £79,649 we were asked for. This represents 65% achievement. We are intending to maintain our level of contribution in 2025.
The Diocese is particularly grateful for our contribution, as all parishes were hard put to meet Parish Share this year because of the continuing fall-out from the Pandemic and the loss of income resulting from fewer churchgoers.
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Policy
The PCC does not currently have any free undesignated reserves. Should any unrestricted surplus arise in a period, the PCC would designate that such funds be directed to the Fabric Fund, for repair and maintenance purposes.
Investment Policy
All of the endowment and some of the restricted funds are held in CBF Church of England Funds.
Any cash held over and above day to day funding requirements is deposited into the CBF Church of England Deposit Fund, from where it can be drawn down as and when necessary.
Thanks
I would like to thank Andrew Hughes who does a great job as book-keeper and I am indebted to him for his efforts in ensuring that the accounts are kept up to date.
I would also like to thank all the other people who contributed to Finance, looking after weddings and funerals, collections, maintenance and fabric works, fund-raising activities and much more.
Gus Orchard
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
Page 6
Independent Examiner's Report to the Trustees of The Parochial Church Council of the Parish of Fladbury, Hill & Moor, Wyre Piddle Cropthorne and Charlton
Independent examiner's report to the trustees of The Parochial Church Council of the Parish of Fladbury, Hill & Moor, Wyre Piddle Cropthorne and Charlton
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Parish of Fladbury, Hill & Moor, Wyre Piddle Cropthorne and Charlton (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').
I 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 I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
I 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.
Meinir Bird
Clifton-Crick Sharp & Co. Ltd Chartered Accountants 40 High Street Pershore Worcestershire WR10 1DP
Date: .............................................
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | £ | ||
| INCOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Donations and legacies | 2 | 74,958 | 12,602 | - | 87,560 | 80,885 | |
| Charitable activities | 5 | ||||||
| Charitable activities | 11,063 | 160 | - | 11,223 | 8,056 | ||
| Other trading activities | 3 | 4,313 | 12,426 | - | 16,739 | 18,779 | |
| Investment income | 4 | 3,042 | 7,593 | - | 10,635 | 9,284 | |
| Other income | - | 207 | - | 207 | - | ||
| Total | 93,376 | 32,988 | - | 126,364 | 117,004 | ||
| EXPENDITURE ON | |||||||
| Raising funds | 6 | 1,640 | - | - | 1,640 | 1,900 | |
| Charitable activities | |||||||
| Charitable activities | 84,905 | 24,789 | - | 109,694 | 113,273 | ||
| Total | 86,545 | 24,789 | - | 111,334 | 115,173 | ||
| Net gains on investments | - | 4,688 | 1,574 | 6,262 | 23,714 | ||
| NET INCOME | 6,831 | 12,887 | 1,574 | 21,292 | 25,545 | ||
| Transfers between funds | 14 | (1,024) | 1,024 | - | - | - | |
| Net movement in funds | 5,807 | 13,911 | 1,574 | 21,292 | 25,545 | ||
| RECONCILIATION OF | |||||||
| FUNDS | |||||||
| Total funds brought forward | 22,538 | 258,488 | 68,750 | 349,776 | 324,231 | ||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 28,345 | 272,399 | 70,324 | 371,068 | 349,776 |
The notes form part of these financial statements
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Balance Sheet 31 DECEMBER 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 - Investments 12 - - CURRENT ASSETS Cash at bank and in hand 28,345 CREDITORS Amounts falling due within one year 13 - NET CURRENT ASSETS 28,345 TOTAL ASSETS LESS CURRENT LIABILITIES 28,345 NET ASSETS 28,345 FUNDS 14 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Restricted Endowment funds funds £ £ 20 - 209,528 70,324 209,548 70,324 65,337 - (2,486) - 62,851 - 272,399 70,324 272,399 70,324 |
31.12.24 Total funds £ 20 279,852 279,872 93,682 (2,486) 91,196 371,068 371,068 28,345 272,399 70,324 371,068 |
31.12.23 Total funds £ 20 273,589 273,609 77,999 (1,832) 76,167 349,776 349,776 22,538 258,488 68,750 349,776 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The Parochial Church Council of the Ecclesiastical Parish of Fladbury, Hill and Moor, Wyre Piddle, Cropthorne and Charlton meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Gift aid
Income tax recoverable on donations is recognised when the donation is recognised.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Rental income from the letting of Church premises is recognised when the rental is due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. Accruals below £5,000 are not provided for. Expenditure includes any irrecoverable VAT. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
The diocesan quota or parish share is accounted for when payable. In the event of any quota remaining unpaid at 31 December, it shall be provided for in the financial statements if a legal or constructive liability exists, if it is probable that an outflow of resources will be required to settle the liability, and a reliable estimate can be made of the amount.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees's meetings and reimbursed expenses.
continued...
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Consecrated land and beneficed property is excluded from the financial statements by section 10 of the Charities Act 2011.
No value is placed on movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable Church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Freehold land No depreciation Other fixtures, fittings and office equipment 25% reducing balance
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Taxation
The charity is exempt from tax on its charitable activities.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
continued...
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Gift aid - bank | 14,041 | 17,873 | |
| Gift aid - envelopes | 2,290 | 2,403 | |
| Other planned giving | 39,501 | 36,362 | |
| Loose plate collections | 3,482 | 6,351 | |
| Recurring Grants | 1,417 | 2,417 | |
| Giving through church boxes | 703 | 728 | |
| One-off gift aid donations | 1,182 | 150 | |
| One-off gift aid weddings and funerals | 730 | - | |
| One-off non Gift Aid donations | 16,280 | 2,190 | |
| Tax recoverable on gift aid | 6,874 | 5,642 | |
| Other funds generated | 17 | - | |
| Rummage sales | 1,013 | 257 | |
| Donations appeals etc | 30 | 6,512 | |
| 87,560 | 80,885 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Fundraising activities/social | 4,968 | 4,454 | |
| Income from walkabouts | 11,771 | 14,325 | |
| 16,739 | 18,779 | ||
| 4. | INVESTMENT INCOME | ||
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Rents received | 58 | 106 | |
| Dividends received | 7,593 | 7,529 | |
| Bank & building society interest | 2,984 | 1,649 | |
| 10,635 | 9,284 |
continued...
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 5. | INCOME FROM CHARITABLE ACTIVITIES | INCOME FROM CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| 31.12.24 | 31.12.23 | ||||
| Activity | £ | £ | |||
| Statutory fees for weddings | |||||
| and funerals | Charitable activities | 10,793 | 8,056 | ||
| Extra fees for weddings and | |||||
| funerals | Charitable activities | 430 | - | ||
| 11,223 | 8,056 | ||||
| 6. | RAISING FUNDS | ||||
| Other trading activities | |||||
| 31.12.24 | 31.12.23 | ||||
| £ | £ | ||||
| Fees paid to fundraisers | 530 | 306 | |||
| Costs of fetes & other events | 357 | 108 | |||
| Sundry expenses | 753 | 1,486 | |||
| 1,640 | 1,900 | ||||
| 7. | INDEPENDENT EXAMINER | ||||
| 31.12.24 | 31.12.23 | ||||
| £ | £ | ||||
| Independent examiners fee | 1,500 | 1,500 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
During the year the charity made the following transactions with trustees: Reverend Sarah Dangerfield £636 (2023: £802) of expenses were reimbursed to Reverend Sarah Dangerfield during the year.
Reimbursed expenses comprise £67 (2023: £217) travel and subsistence, £463 (2023: £468) telephone and £106 stationery (2023: £117).
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
continued...
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THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
9. STAFF COSTS
| 9. | STAFF COSTS | |||||
|---|---|---|---|---|---|---|
| 31.12.24 | 31.12.23 | |||||
| £ | £ | |||||
| Wages and salaries | 3,123 | 2,379 | ||||
| 3,123 | 2,379 | |||||
| The average monthly number of employees during the year was as follows: | ||||||
| 31.12.24 | 31.12.23 | |||||
| Parish administrator | 1 | 1 | ||||
| No employees received emoluments in excess of £60,000. | ||||||
| 10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 70,691 | 10,194 | - | 80,885 | ||
| Charitable activities | ||||||
| Charitable activities | 8,056 | - | - | 8,056 | ||
| Other trading activities | 3,129 | 15,650 | - | 18,779 | ||
| Investment income | 1,755 | 7,529 | - | 9,284 | ||
| Total | 83,631 | 33,373 | - | 117,004 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 1,894 | 6 | - | 1,900 | ||
| Charitable activities | ||||||
| Charitable activities | 89,565 | 23,708 | - | 113,273 | ||
| Total | 91,459 | 23,714 | - | 115,173 | ||
| Net gains on investments | - | 17,754 | 5,960 | 23,714 | ||
| NET INCOME/(EXPENDITURE) | (7,828) | 27,413 | 5,960 | 25,545 | ||
| Transfers between funds | 11,979 | 61,046 | (73,025) | - | ||
| Net movement in funds | 4,151 | 88,459 | (67,065) | 25,545 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 18,387 | 170,029 | 135,815 | 324,231 | ||
| TOTAL FUNDS CARRIED FORWARD | 22,538 | 258,488 | 68,750 | 349,776 |
continued...
Page 14
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
11. TANGIBLE FIXED ASSETS
| Freehold Plant and property machinery £ £ COST At 1 January 2024 20 10,302 Disposals - (10,302) At 31 December 2024 20 - DEPRECIATION At 1 January 2024 - 10,302 Eliminated on disposal - (10,302) At 31 December 2024 - - NET BOOK VALUE At 31 December 2024 20 - At 31 December 2023 20 - 12. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2024 Revaluations At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 There were no investment assets outside the UK. Cost or valuation at 31 December 2024 is represented by: |
Fixtures and fittings Totals £ £ 7,055 17,377 (7,055) (17,357) - 20 7,055 17,357 (7,055) (17,357) - - - 20 - 20 Listed investments £ 273,589 6,263 279,852 279,852 273,589 |
|---|---|
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2021 | 35,411 |
| Valuation in | 2022 | (33,472) |
| Valuation in | 2023 | 23,714 |
| Valuation in | 2024 | 6,263 |
| Cost | 247,936 | |
| 279,852 |
Page 15
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. FIXED ASSET INVESTMENTS - continued
If fixed asset investments had not been revalued they would have been included at the following historical cost:
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Cost | 247,936 | 247,936 |
Fixed asset investments were valued on an open market basis on 31 December 2024 by CCLA.
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Other creditors | 2,486 | - |
| Accrued expenses | - | 1,832 |
| 2,486 | 1,832 |
Page 16
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
14. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Unrestricted funds General fund Cropthorne Walkabout Float Fladbury Walkabout Float Cropthorne Toilet Fund Restricted funds Bell Tower Wyre Piddle (churchyard) Wyre Piddle (Fabric) Charlton (Fabric) Cookson Bequest (School Treats) Cropthorne (Churchyard) Cropthorne (Fabric) Fladbury (Churchyard) Moor ( Fabric) Fladbury (Fabric) Agency Collection Organ Fund Legacy of EM Jarvis (Wyre Piddle Churchyard) Miss NR Meakins Bequest ( Cropthorne Fabric) Slaughter Bequest ( Cropthorne Upkeep) Fladbury Millenium Wood Choral Fund Endowment funds The Eleanor Gange Trust ( Fladbury Churchyard) TOTAL FUNDS |
At 1.1.24 £ 1,527 2,000 3,000 16,011 22,538 2,774 14,170 41,808 1,483 1,360 140 89,594 146 1,531 29,015 (1,024) - 26,878 30,517 20,096 - - 258,488 68,750 349,776 |
Net movement in funds £ 3,865 - - 2,966 6,831 1,193 (344) 1,423 501 - 1,177 1,274 8,474 1,092 (5,374) - 312 615 699 460 1,000 385 12,887 1,574 21,292 |
Transfers between funds £ (1,024) - - - (1,024) 770 - - - - - (770) - - - 1,024 - - - - - - 1,024 - - |
At 31.12.24 £ 4,368 2,000 3,000 18,977 |
| 28,345 4,737 13,826 43,231 1,984 1,360 1,317 90,098 8,620 2,623 23,641 - 312 27,493 31,216 20,556 1,000 385 |
||||
| 272,399 70,324 |
||||
| 371,068 |
continued...
Page 17
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Cropthorne Toilet Fund Restricted funds Bell Tower Wyre Piddle (churchyard) Wyre Piddle (Fabric) Charlton (Fabric) Cropthorne (Churchyard) Cropthorne (Fabric) Fladbury (Churchyard) Moor ( Fabric) Fladbury (Fabric) Organ Fund Legacy of EM Jarvis (Wyre Piddle Churchyard) Miss NR Meakins Bequest ( Cropthorne Fabric) Slaughter Bequest ( Cropthorne Upkeep) Fladbury Millenium Wood Choral Fund Endowment funds The Eleanor Gange Trust ( Fladbury Churchyard) TOTAL FUNDS |
Incoming resources £ 90,410 2,966 93,376 1,193 1,609 1,227 1,613 1,483 8,319 10,694 1,537 3,482 312 - 1 - 1,000 518 32,988 - 126,364 |
Resources expended £ (86,545) - (86,545) - (2,230) (566) (1,112) (306) (8,921) (2,220) (445) (8,856) - - - - - (133) (24,789) - (111,334) |
Gains and Movement losses in funds £ £ - 3,865 - 2,966 - 6,831 - 1,193 277 (344) 762 1,423 - 501 - 1,177 1,876 1,274 - 8,474 - 1,092 - (5,374) - 312 615 615 698 699 460 460 - 1,000 - 385 4,688 12,887 1,574 1,574 6,262 21,292 |
|---|---|---|---|
continued...
Page 18
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Cropthorne Walkabout Float Fladbury Walkabout Float Cropthorne Toilet Fund Restricted funds Bell Tower Wyre Piddle (churchyard) Wyre Piddle (Fabric) Charlton (Fabric) Cookson Bequest (School Treats) Cropthorne (Churchyard) Cropthorne (Fabric) Fladbury (Churchyard) Moor ( Fabric) Fladbury (Fabric) Agency Collection Legacy of EM Jarvis (Wyre Piddle Churchyard) Miss NR Meakins Bequest ( Cropthorne Fabric) Slaughter Bequest ( Cropthorne Upkeep) Endowment funds Legacy of E E Meakins ( Cropthorne Churchyard) The Eleanor Gange Trust ( Fladbury Churchyard) Legacy of Mrs E M Jarvis ( Wyre Piddle Churchyard) Miss N R Meakins Bequest (Cropthorne Fabric) Slaughter Bequest ( Cropthorne Upkeep) TOTAL FUNDS |
At 1.1.23 £ 13,387 2,000 3,000 - 18,387 3,067 13,067 38,828 1,195 1,360 828 87,868 15 2,205 21,509 87 - - - 170,029 2,250 62,790 24,548 27,872 18,355 135,815 324,231 |
Net movement in funds £ (11,700) - - 3,872 (7,828) (453) 1,103 2,980 288 - (2,938) 13,865 131 (674) 7,506 (1,111) 2,330 2,645 1,741 27,413 - 5,960 - - - 5,960 25,545 |
Transfers between funds £ (160) - - 12,139 11,979 160 - - - - 2,250 (12,139) - - - - 24,548 27,872 18,355 61,046 (2,250) - (24,548) (27,872) (18,355) (73,025) - |
At 31.12.23 £ 1,527 2,000 3,000 16,011 22,538 2,774 14,170 41,808 1,483 1,360 140 89,594 146 1,531 29,015 (1,024) 26,878 30,517 20,096 258,488 - 68,750 - - - 68,750 349,776 |
|---|---|---|---|---|
continued...
Page 19
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Cropthorne Toilet Fund Restricted funds Bell Tower Wyre Piddle (churchyard) Wyre Piddle (Fabric) Charlton (Fabric) Cropthorne (Churchyard) Cropthorne (Fabric) Fladbury (Churchyard) Moor ( Fabric) Fladbury (Fabric) Agency Collection Legacy of EM Jarvis (Wyre Piddle Churchyard) Miss NR Meakins Bequest ( Cropthorne Fabric) Slaughter Bequest ( Cropthorne Upkeep) Endowment funds The Eleanor Gange Trust ( Fladbury Churchyard) TOTAL FUNDS |
Incoming resources £ 79,759 3,872 83,631 316 1,564 1,159 1,346 1,633 8,099 2,854 - 16,402 - - - - 33,373 - 117,004 |
Resources expended £ (91,459) - (91,459) (769) (1,510) (1,065) (1,058) (4,571) (1,337) (2,723) (674) (8,896) (1,111) - - - (23,714) - (115,173) |
Gains and Movement losses in funds £ £ - (11,700) - 3,872 - (7,828) - (453) 1,049 1,103 2,886 2,980 - 288 - (2,938) 7,103 13,865 - 131 - (674) - 7,506 - (1,111) 2,330 2,330 2,645 2,645 1,741 1,741 17,754 27,413 5,960 5,960 23,714 25,545 |
|---|---|---|---|
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 20
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies | |||||
| Gift aid - bank | 10,697 | 3,344 | - | 14,041 | 17,873 |
| Gift aid - envelopes | 2,180 | 110 | - | 2,290 | 2,403 |
| Other planned giving | 39,501 | - | - | 39,501 | 36,362 |
| Loose plate collections | 2,640 | 842 | - | 3,482 | 6,351 |
| Recurring Grants | 1,417 | - | - | 1,417 | 2,417 |
| Giving through church boxes | 703 | - | - | 703 | 728 |
| One-off gift aid donations | 732 | 450 | - | 1,182 | 150 |
| One-off gift aid weddings and | |||||
| funerals | 580 | 150 | - | 730 | - |
| One-off non Gift Aid donations | 9,399 | 6,881 | - | 16,280 | 2,190 |
| Tax recoverable on gift aid | 6,874 | - | - | 6,874 | 5,642 |
| Other funds generated | - | 17 | - | 17 | - |
| Rummage sales | 235 | 778 | - | 1,013 | 257 |
| Donations appeals etc | - | 30 | - | 30 | 6,512 |
| 74,958 | 12,602 | - | 87,560 | 80,885 | |
| Other trading activities | |||||
| Fundraising activities/social | 2,313 | 2,655 | - | 4,968 | 4,454 |
| Income from walkabouts | 2,000 | 9,771 | - | 11,771 | 14,325 |
| 4,313 | 12,426 | - | 16,739 | 18,779 | |
| Investment income | |||||
| Rents received | 58 | - | - | 58 | 106 |
| Dividends received | - | 7,593 | - | 7,593 | 7,529 |
| Bank & building society interest | 2,984 | - | - | 2,984 | 1,649 |
| 3,042 | 7,593 | - | 10,635 | 9,284 | |
| Charitable activities | |||||
| Statutory fees for weddings and | |||||
| funerals | 10,793 | - | - | 10,793 | 8,056 |
| Extra fees for weddings and | |||||
| funerals | 270 | 160 | - | 430 | - |
| 11,063 | 160 | - | 11,223 | 8,056 | |
| Other income | |||||
| Misc - holding account | - | 207 | - | 207 | - |
| Total incoming resources | 93,376 | 32,988 | - | 126,364 | 117,004 |
This page does not form part of the statutory financial statements
Page 21
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | |
| EXPENDITURE | |||||
| Other trading activities | |||||
| Fees paid to fundraisers | 530 | - | - | 530 | 306 |
| Costs of fetes & other events | 357 | - | - | 357 | 108 |
| Sundry expenses | 753 | - | - | 753 | 1,486 |
| 1,640 | - | - | 1,640 | 1,900 | |
| Charitable activities | |||||
| Wages | 3,123 | - | - | 3,123 | 2,379 |
| Church office -rent | 1,080 | - | - | 1,080 | 1,440 |
| Insurance | 11,254 | - | - | 11,254 | 10,575 |
| Church running - electric | 4,889 | - | - | 4,889 | 8,471 |
| Church office telephone | 30 | - | - | 30 | - |
| Church office stationery | 29 | - | - | 29 | 266 |
| Church office - website | 180 | - | - | 180 | 209 |
| Organ/piano tuning | 196 | - | - | 196 | 182 |
| Organist | 430 | - | - | 430 | 200 |
| Deanery expenses (to be | |||||
| reimbursed by diocese) | 1,198 | - | - | 1,198 | 858 |
| Working expenses of incumbent | 265 | - | - | 265 | 802 |
| Subscriptions | - | - | - | - | 127 |
| Licence Fees/Copyright | 687 | 133 | - | 820 | 655 |
| Church minor repairs | 1,454 | 14,645 | - | 16,099 | 9,691 |
| Upkeep of services | 1,229 | - | - | 1,229 | 769 |
| Upkeep of churchyard | 998 | 4,756 | - | 5,754 | 8,881 |
| Visiting speakers/locums | 390 | - | - | 390 | 136 |
| Fire equipment & prevention | - | 215 | - | 215 | - |
| Church major repairs - structure | - | 5,040 | - | 5,040 | 3,993 |
| Church major repairs- internal | - | - | - | - | 971 |
| Giving - overseas missionary | |||||
| societies | - | - | - | - | 513 |
| Giving - relief & development | |||||
| agencies | - | - | - | - | 1,355 |
| Giving - home secular of | |||||
| charities | 1,622 | - | - | 1,622 | 1,827 |
| Ministry parish share etc. | 51,996 | - | - | 51,996 | 54,595 |
| Church office - rates | 23 | - | - | 23 | - |
| Church running - oil | 512 | - | - | 512 | 1,226 |
| Fees for supporting projects | - | - | - | - | 1,652 |
| Bell ringers | 1,680 | - | - | 1,680 | - |
| Priest payment during | |||||
| interregnum | 140 | - | - | 140 | - |
| 83,405 | 24,789 | - | 108,194 | 111,773 |
This page does not form part of the statutory financial statements
Page 22
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF FLADBURY, HILL & MOOR, WYRE PIDDLE CROPTHORNE AND CHARLTON
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | |
| Support costs | |||||
| Governance costs | |||||
| Independent examiners fee | 1,500 | - | - | 1,500 | 1,500 |
| Total resources expended | 86,545 | 24,789 | - | 111,334 | 115,173 |
| Net income | 6,831 | 8,199 | - | 15,030 | 1,831 |
This page does not form part of the statutory financial statements
Page 23