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2024-12-31-accounts

THE PAROCHIAL CMVRCH COUNCILOF THE ECCLESIASTICAL PARISH OF LANGDON HILLS STATEMENT OF FINANCIALAcnvmES FOR THE YEAR ENDED 310ECEM8ER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Reference and administrative details of the charity, its trustees and advisors 1
Trustees’ report 2 - 9
Independent examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 25

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024

Administrative details of the charity
Charity Registered Number 1127451
Prinicipal Office St. John's Church, Forest Glade, Langdon Hills, Basildon, Essex
SS16 6RX
Advisers
Bankers Barclays Bank Ltd, 19 Town Square, Basildon, SS14 1BD
Solicitors Diocesan Registrar Winckworth Sherwood, Minerva House, 5 Montague Close London SE1 9BB
Investment advisers Barclays Bank Ltd, 2 East Walk, Basildon, SS14 1HN
Insurers RSA via Preschool Learning Alliance, The Fitzpatrick Building, 188 York Way, London N7 9AD
Ecclesiastical Insurance Group, Beaufort House, Brunswick Road, Gloucester GL1 1JZ
Auditors Clemence Hoar Cummings, 1-5 Como Street, Romford, RM7 7DN
Custodian Trustee Diocese of Chelmsford, Diocesan Office, 53 New Street, Chelmsford, Essex, CM1 1AT

Structure, governance and management

The Parish of Langdon Hills is part of the Church of England Diocese of Chelmsford. The governing documents are the PCC Powers Measure 1956 , and the Church representation rules 1980 (plus later amendments)

Links to both documents can be found on the Parish resources website

http://www.parishresources.org.uk/

Members of the parochial church council (PCC) are trustees of the charity. The PCC decides all strategic policies of the parish, and decisions on significant expenditure. Sub-committees deal with questions of e.g. finance, Childcare and building maintenance in greater detail, and recommend actions to the PCC asking for PCC Approval.

Clergy are ex officio members, as are those elected to be church wardens and their deputies, and Deanery Synod representatives. Other PCC members, including readers and the lay evangelist, are elected by church members at the annual parochial church meeting in April. Informal training is given by word of mouth (before and after election), by necessary explanation during the PCC meetings, and through membership of a subcommittee.

Our PCC met six times during the year. Meetings begin with a short act of worship. During the year we have been discussing specific matters reported by the PCC sub committees as well as looking at Diocesan recommended reviews/activities.

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Parochial Church Council Membership 2023 Parochial Church Council Membership 2023
Ex officio:
1 Rector Reverend Jeremy Noles (Chair)
2 Parish Churchwarden (St Marys) Judy Street 2025
3 Parish Churchwarden (St Marys) Roger McArdell 2025
4 Parish Churchwarden (St Johns) Dave Brown 2025 (appointed 28.04.24)
4 Parish Churchwarden (St Johns) Rostan Goosen 2024 (resigned 28.04.24)
5 Parish Churchwarden (St Johns) Sheila Morgan 2025
5a Deanery Synod Rep Sheila Morgan 2026
6 Deanery Synod Rep Andrew Morris 2026 (elected 28.04.24)
7 Deanery Synod Rep/Lay Evangelist Eddy Lee 2026*
6 Deanery Synod Rep Kay Rumsey 2026 (resigned 30.01.24)
Elected Members
8 Council Member Barbara Barr 2024 (resigned 28.04.24)
9 Council Member Anne Rogers 2024 (re-elected for term 2024-2025 see below)
10 Council Member Sally Butler 2024 (re-elected for term 2024-2027 - see below)
8 Council Member Sally Butler 2027 (Resigned 24.09.24)
8 Council Member Jill Hurley 2027 (elected 15.11.24)
9 Council Member Louise Ingram 2027 (elected 28.04.24)
10 Council Member Eddy Lee 2027 (resigned as Deanery Synod Rep and
eleced as Council member 20th May 2024)*
11 Council Member Sue Rath 2025 (resigned 21.03.24/APCM?)
11 Council Member Anne Rogers 2025 (elected 28.04.24)
12 Council Member Tracie Brown 2025
13 Council Member Jessica Homewood (nee Br2025
14 Council Member Irene D’Aeth 2026
15 Council Member Remi Sofowora 2026
16 Council Member /PTO Reader Kennedy Rath 2026
Co-Opted Members
17 Childcare Manager Theresa Cobbing 2025
18 Treasurer Sharifa de la Prida 2025 (elected 23.09.24)
19 St Mary's Rep John Kingsley 2025 (elected 28.11.24)
18 Treasurer David Coleman elected 18.03.24/resigned 07.07.2024
Non Members:
Debbie Porter (Acting Treasurer) resigned 31.03.25
Nikki Hall (PCC Secretary)
Gemma Powell (Finance Admin)

Members as at end Dec 2024 in BOLD AMP/APCM date 28.04.2024

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Langdon Hills (the charity) for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015).

Objectives and Activities

a. Policies and objectives

The trustees are mindful of their duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, and of its supplementary public guidance on the advancement of religion for the public benefit, when considering the objectives and activities of the PCC of Langdon Hills. The trustees believe that the PCC of Langdon Hills makes a significant contribution to the public as evidenced in the activities undertaken that are stated in this report.

b. Activities for achieving objectives

The parish provides Christian services of worship at its two churches for the benefit of both members and visitors. It encourages spiritual growth by guidance and discussion in small groups. It aims to serve and care for the community as well as presenting the Gospel outside the church buildings, for example through its work in schools, residential homes, hospital, and working with other local churches. It also provides high quality childcare in the preschool, out of school and holiday clubs. (See our mission statement and Parish prayer).

It has been an encouraging year in the life of our parish as we have continued to recover from the effects of the Covid 19 pandemic. God has continued to bless us with opportunities to serve and to grow.

The Churches

At St Mary’s, the congregations are blessed by the worship and fellowship. Services are traditional, with a weekly Sunday service of Holy Communion at 9am and occasional services for commemoration. In 2024, continued to run ‘St Mary’s Live’ – monthly music and entertainment evenings. An occasional 'Encounter' evening service was launched at St John's, providing an additional and more informal opportunity for worship and prayer.

Many are also blessed through the special ministry of occasional offices (baptisms, weddings, funerals) and other special services such as our annual memorial service. A highlight of 2024 was a baptism and confirmation service with the Rt Revd Adam Atkinson, Bishop of Bradwell. A new youth group was also launched in the autumn, in response to an encouraging and growing number of teenagers attending St John's. During the Christmas season, St Mary’s was especially busy hosting a traditional ‘Carols by Candlelight’ Nine Lessons and Carols service. Many in the community also attended the two Christingle services for which the church was completely full, and the Midnight Communion service held on Christmas Eve.

At St John’s there is a weekly Sunday service at 11.00am. The normal pattern of 11am services is Holy Communion on 2nd, 3rd and 4th Sundays, with a monthly All age service on the 1st Sunday of every month. Baptisms also take place in this service. The Christingle service held at St John’s Church on Christmas Eve was well attended, with an increase in attendance as compared to 2022, when a Christingle service at St John’s was first introduced, and 2023. The ‘Hope Explored’ course for those wanting to explore the message of Christmas further was promoted at Christmas services at both churches once again.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Churches continued

There has been much time, prayer and energy invested into St John’s over the years and we continue to see the benefit of this. The development of our worship, buildings and childcare services has resulted in lots of activity and many opportunities midweek taking place there. Congregations on Sundays continue to be busy and have welcomed new families and their children into the church, especially at St John's. Outreach groups continue to grow with new groups on the horizon.

Other Activities

St John's is also the base for most of our social and spiritual events including: Thursday Rendezvous - a social group for over 50’s with occasional short talks.

Alpha Course – providing an opportunity to explore faith and life questions.

Small Groups - meeting weekly in members’ houses, at St John’s or on Zoom, enabling people to grow in faith and mature. Students of the Alpha course are encouraged to join a small group after the course ends.

Men United - open to men providing events including a monthly men’s breakfast, sometimes including a speaker, and regular social events.

Beautiful Believers - a new group for ladies offering monthly meditation evenings and a range of social events

Community Walk a walking activity to explore our local nature reserve which meets one Saturday a month, stopping for coffee at the nature reserve café.

0 – 3s Club - held on a Monday and Tuesday morning at St John’s Church for parents and carers.

Afternoon Tea and Chat ‑ every Wednesday afternoon during term time at St John's Church.

St John's Youth – a new youth group for secondary age young people offering a mix of social and spiritual activities St Mary’s Live – monthly series of music & entertainment at St Mary’s Church.

As above, potential for increased use of St Mary’s Church is being explored.

Outside the churches our Pastoral Team also undertake home, residential care home and hospital visiting. A monthly Holy Communion service now takes place at a residential care home adjacent to St John’s Church.

Fundraising

Fundraising has continued through 2024. Two fairs were held throughout the year which were well attended and enjoyed by the local community as well as a live music night. The Parish took part in the Fun Walk, the brainchild of a local MP. Local charities and groups are able to increase their sponsorship fundraising by around 30 to 40% from a pot donated by local businesses. Fundraising is an important part of the parish and brings the community into the church buildings. . A successful grant application to Benefact Trust helped to fund some essential repairs to our church buildings.

c. Volunteers

The Parish relies heavily on a large number of volunteers, particularly for church activities. Most of the PCC membership is voluntary. Volunteers also provide ‘St John’s Kids’ (Sunday school) staff, leaders of small groups, church wardens and deputies, sides persons, sub-committee members, social activities, music during worship (organ, choir and music group) and refreshments. Assessing the number is difficult because many have more than one role, but about 70-80 people are involved.

Achievements and performance

a. Review of activities

Childcare

We have continued to develop our work with families and children at St John’s. St John’s Childcare has been continuing to build links with the many families this puts us in touch with. Our Holiday Club operates during most school holidays for pre-school age children. A social programme operates alongside the termly invitations to seasonal services (Easter, Harvest, Mother’s Day, Father’s Day etc). We also increased the hours of a member of staff who leads our 0-3s club, to enable her to promote and enable a clearer Christian ethos and activities throughout St John's Childcare.

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Childcare Continued

We now have over 200 children benefitting from the services we provide, which cover the period from 7.30am to 6pm. Childcare is provided by around 40 staff.

Electoral Roll

The current number of members on the Church Electoral Roll is 141 up 4 since 2023

Since last year’s revision 8 have been added, 3 have sadly died, 1 was removed as clergy that have now moved away The population is made up of 83 residents and 58 non residents

Ecumenical Relationships

The parish is a member of Churches together in Basildon and participates in periodic joint services of worship. We also have a close working relationship with the local Methodist, Baptist, Elim Pentecostal and Catholic churches.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Annual Review

Total income in 2024 was £871,722 and expenditure £904,454, resulting in a deficit of £32,732 (a deficit of £29,038 after taking into consideration the 2024 increase in investments of £3,693 due to market recovery). We came in at £2,066 below our budgeted deficit (£34,798). The expenditure of £904,454 also includes £20,786 spent from the St Mary’s fabric restricted fund.

We hire out St Mary’s Church Hall and St John's church to outside organisations. Our uniformed organisations pay a nominal rate, and others pay a standard rate. Our major customer is the Oak Wood Preschool who use ~~s~~ our hall every week day during school times. The income from hire covers all normal running and maintenance costs and allows us to cover most repairs to our 100 year old hall. St Mary’s Hall was able to make a small surplus of £4,809 in 2024 after paying for replacement windows at a cost of £13,189.

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Income from giving to the church was not sufficient to cover the costs of running the two churches, and we have had to rely on our childcare income to supplement. We have reclaimed some £16,073 from HM Revenue and Customs for gift aided donations in an improvement on 2023 by over 18%. Giving has increased in total by 23% compared to 2023. Parish giving (incl. Gift Aid) covered the Parish share with a surplus of £3,920 which is a huge improvement on previous years and due to the success of the ‘Giving in Grace’ Regular Giving appeal.

Our policy is to give to charity at least 10% of income from donors plus 10% of the profit on our trading activities. At the beginning of 2022 we suspended all tithe giving. Due to there being no surplus in 2024, our giving policy will remain suspended however the plan is to reintroduce tithe giving once our financial position recovers.

c. Reserves policy

Our unrestricted cash reserves at the end of the year were £101,210 which includes £41,855 in restricted funds. The minimum level we consider viable is £150,000 however our current level is below what we feel would cover our obligations in the event of an emergency (i.e. 3 months redundancy pay). We do however have loss of earnings insurance to cover this.

d. Material investments policy

Reserves are held in Church Board of Finance (CBF) funds, Barclays bank community current account and deposit account. These are considered low risk investments in line with the trustees’ attitude to investment risk. Interest is paid on each balance except the current account. The latter is regularly monitored to restrict balances to a monthly need.

The Robinson Churchyard endowment is held as shares in the CBF Investment fund. The PCC of Langdon Hills also benefits from the Langdon Hills Ecclesiastical Charity (formerly known as the Churchfield Charity) and the Cleaver Trust. The endowed assets of these funds are controlled by the Chelmsford Diocesan Board of Finance.

Structure, governance and management

a. Constitution

The Parish of Langdon Hills is part of the Church of England Diocese of Chelmsford. The governing documents are the PCC Powers Measure 1956, and the Church representation rules 1980 (plus later amendments). Links to both documents can be found on the Parish resources website: http://www.parishresources.org.uk/

b. Method of appointment or election of Trustees

Members of the parochial church council (PCC) are trustees of the charity. Clergy are ex-officio members. Church wardens and Deanery Synod representatives are elected to the PCC at the annual parochial church meeting usually in April, as are three PCC members per year. Our PTO Reader and Lay Evangelist are also PCC members but by virtue of being elected as a council member and Deanery Synod representative respectively. Trustee training is provided by the Diocese and all PCC members are encouraged to access this, with further explanation being given at meetings as necessary.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

c. Organisational structure and decision making

The PCC decides all strategic policies of the parish, and decisions on significant expenditure. Sub committees deal with questions of e.g. Finance, Childcare and building maintenance in greater detail, and recommend actions to the PCC asking for PCC Approval.

Our PCC met six times during the year. Meetings begin with a short act of devotion. During the year we have been discussing specific matters reported by the PCC sub committees as well as looking at Diocesan recommended reviews / activities, and exploring future direction for the parish.

d. Risk management

The PCC confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems or procedures have been established to manage those risks. Work is ongoing in these reviews.

The major risks to the church are:

Governance risks

Financial risks

External risks

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Fire at St John's

Regular practice evacuations are carried out by Childcare staff and children. Fire alarms are regularly maintained and tested. Flammable waste is stored in containers which are now housed in a locked enclosure.

The loss of the building would prevent the continuance of St John's Childcare, leading to the need to lay off staff. We now have loss of revenue insurance for such an event, to the level of our annual Childcare income, to provide for redundancies.

Metal theft at St Mary's church and St Mary's Hall

Both buildings have suffered from attack by thieves in the past. All metal, internal and external, is now marked with Smart water. Lead which has been stolen is normally replaced with Ubiflex, a non valuable substitute.

Plans for future periods

a. Future giving

All Qthe giving was suspended at the beginning of 2022 with a view to reinstaQng it once our financial posiQon has improved.

b. Church growth

Numbers at St Mary's services have been static for a while with predominantly the same people attending.

St John's has seen growth in numbers within its congregation with several new families, individuals and couples now attending.

c. Alpha

We continue to run annual Alpha courses with introductory courses such as ‘Hope Explored’ as a key strategy for evangelism. We have planned 2 courses in 2025.

Reference and administration

The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom accounting standards. (United Kingdom Generally Accepted Accounting Practice).

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF LANGDON HILLS

TRUSTEES REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trusteed are required to –

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 & 2016, the Charity (Accounts and Reports) Regulations 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on and signed on their behalf by

Rev’d Jeremy Noles, Rector

Gemma Powell, Acting Treasurer

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

REPORT OF THE INDEPENDENT EXAMINER FOR THE YEAR ENDED 31 DECEMBER 2024

Independent Examiners Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Langdon Hills (the ‘charity’)

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiners Statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed the examination. I can confirm that no 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 charity as required by section 130 of the 2011 Act or;

  2. the records 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.

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.

Date:

David Belbin BSc BFP FCA DChA Clemence Hoar Cummings

Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income and endowments from:
Donations and legacies
2
Income from charitable activities
3
Investments
4
Other income
5
Total income
Expenditure on:
Raising funds
Expenditure on charitable activities
6-9
Total expenditure
Gains / losses on investment assets
14
Net income / (expenditure) resources
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own
Net movement in funds
Reconciliation of funds
Total funds brought forward
19
Total funds carried forward		 Unrestricted
funds
2024
£
89,140
760,485
4,754
12,788		 Restricted
funds
2024
£
50
-
4,505
-		 Endowment
funds
2024
£
-
-
-
-		 Total
funds
2024
£
89,190
760,485
9,259
12,788		 Total
funds
2023
£
76,054
714,960
9,724
13,044
867,167 4,555 - 871,722 813,782
1,605
882,063		 20,786 - 1,605
902,849		 384
815,863
883,668 20,786 - 904,454 816,247
- - 0 0 13,812
(16,501) (16,231) 0 (32,732) 11,347
94,987
(94,316)		 4,337
671
-		 -
4,337
-		 99,324
(99,324)		 140,568
140,568
-

-		 - 3,693 3,693 -
(15,830) (12,565) (644) (29,039) 11,347
1,281,397 54,420 163,987 1,499,804 1,488,457
1,265,567 41,855 163,343 1,470,765 1,499,804

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash in bank and hand
Creditors: Amount falling due within one year
16
Net current assets
Total assets less current liabilities
Provisions for liabilities
18
Net assets
Charity funds
Endowment funds
19
Restricted funds
19
Unrestricted funds:
19
Revaluation reserve
19
Total unrestricted funds
Total funds		 £
10,813
105,324
116,137
(28,715)
1,145,567
120,000		 2024
£
1,220,000
163,343
1,383,343
87,422
1,470,765
0
1,470,765
163,343
41,855
1,265,567
1,470,765		 £
2,466
125,694		 2023
£
1,220,000
163,987
1,383,987
115,817
128,160
(12,343)
1,161,397
120,000
1,499,804
0
1,499,804
163,987
54,420
1,281,397
1,499,804

The financial statements were approved by the Trustees on ….................................................................... and signed on their behalf by:

…........................................................................ Rev’d Jeremy Noles, Rector

…............................................................... Gemma Powell, Acting Treasurer

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Cash flows from operating activities
Cash generated from operations
See below
Net Cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Investment withdrawal
Revaluation
Net Cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginnning of the reporting period
Cash and cash equivalents at the end of the reporting period		 2024
£
(21,014)		 2023
£
(111,287)
(21,014)
4,254
3,610
-		 (111,287)
(20,370)
125,694		 (111,287)
236,980
105,324 125,694
Reconciliation of new movement in funds to net cash flow operating activities
Net expenditure for the year (as per Statement of financial activities
Adjustments for:
Dividend, interest and rents from investments
(Increase)/Decrease in debtors
(Decrease)/increase in creditors
(Decrease)/increase in Provisions
Net cash used in operating activities		 2024
£
(24,534)
(4,505)
(8,347)
16,372
0		 2023
£
11,347
(5,577)
1,568
(47,376)
(71,249)
(21,014) (111,287)

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2019 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The Parochial Church Council of the Ecclesiastical Parish of Langdon Hills constitutes a public benefit entity as defined by FRS 102.

1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor(s) intention to make a contribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees’ Report for more information about

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donation received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax is recoverable in relation to investment income in recognised at the time the investment income is receivable.

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

1. Accounting policies (Continued)

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are cost incurred on the charity’s educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charges in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure where the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.4 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold property - No depreciation

1.5 Revaluation of tangible fixed assets

The charity has adopted the revaluation model to revalue items of property, plant and equipment whose fair value can be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

The fair value of land and buildings is usually determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. The fair value of items of plant and machinery is usually their market value determined by appraisal.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

1. Accounting policies (Continued)

1.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measure at cost less impairment. Investments gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of Financial Activities.

1.7 Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at Bank and in Hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the good or services it must provide. Provisions are measured at the best estimated of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.11 Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

1.13 Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds compromise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

2.
Income from donations and legacies
Unrestricted
funds
2024
£
Donations
89,190
Total 2023
76,054
3.
Income from charitable activities
Unrestricted
funds
2024
£
Childcare
721,171
Hall hire
38,623
Wedding fees etc
691
760,485
Total 2023
714,960
4.
Investment income
Unrestricted
funds
2024
£
Listed investment
-
Investment income - cash
4,754
4,754
Total 2023
5,223
5.
Other income
Unrestricted
funds
2024
Furlough income
Raising funds
-
Other income
12,788
12,788
Total 2023
13,044		 2.
Income from donations and legacies
Unrestricted
funds
2024
£
Donations
89,190
Total 2023
76,054
3.
Income from charitable activities
Unrestricted
funds
2024
£
Childcare
721,171
Hall hire
38,623
Wedding fees etc
691
760,485
Total 2023
714,960
4.
Investment income
Unrestricted
funds
2024
£
Listed investment
-
Investment income - cash
4,754
4,754
Total 2023
5,223
5.
Other income
Unrestricted
funds
2024
Furlough income
Raising funds
-
Other income
12,788
12,788
Total 2023
13,044		 Restricted
funds
2024
£
-		 Endowment
funds
2024
£
-		 Total
funds
2024
£
89,190
76,054 - - 76,054
Restricted
funds
2024
£
-
-
-		 Endowment
funds
2024
£
-
-
-		 Total
funds
2024
£
721,171
38,623
691
760,485 - - 760,485
714,960 - - 714,960
Unrestricted
funds
2024
£
-
4,754		 Restricted
funds
2024
£
4,505
-		 Endowment
funds
2024
£
-
-		 Total
funds
2024
£
4,505
4,754
4,754 4,505 - 9,259
5,223 18,313 - 23,536
Unrestricted
funds
2024
-
12,788		 Restricted
funds
2024
-
-
-		 Endowment
funds
2024
-
-
3,692		 Total
funds
2024
-
-
16,480
12,788 - 3,692 16,480
13,044 - - 13,044

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

6. Analysis of expenditure on charitable activities

Childcare
Hall hire
Mission
Fund Raising
Church
Total 2023
7.
Direct costs
Running expenses
Maintenance
Equipment
Other costs
Parish shares
Clergy expenses
Other clergy expenses
Service expenses
Alpha expenses
Adult groups expenses
Youth and children group expenses
Publicity costs
Childcare repayment provision
Wages and salaries
National insurance
Pension costs
Total 2023
8.
Support costs
Telephone
Postage, printing & stationary
Bank charges
Staff expenses
Computer expenses
Governance costs examination/audit fee
Total 2023		 Unrestricted
funds
2024
£
620,812
30,047
1,146
1,605
230,057		 Restricted
funds
2024
£
20,786
-
-
-
-		 Endowment
funds
2024
£
-
-
-
-
-		 Total
funds
2024
£
641,598
30,047
1,146
1,605
230,057		 Total
funds
2023
£
592,870
11,036
290
384
211,668
883,667 20,786 - 904,453 816,247
810,751 5,496.00 - 816,247 Total
2023
£
59,774
23,729
2,758
35,811
76,640
832
200
945
482
2,129
793
0
-
554,589
26,344
12,680
Childcare
£
-
-
1,218
39,492
-
-
-
-
-
-
-
-
537,249
34,542
13,800		 Hall Hire
£
6,355
22,542
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Church
£
29,126
56,731
2,193
-
79,151
797
657
1,768
166
1,543
291
-
-
53,530
872
-		 Total
2024
£
35,481
79,273
3,411
39,492
79,151
797
657
1,768
166
1,543
291
-
-
590,779
35,414
13,800
626,301 28,897 226,825 882,023 797,705
592,870 11,036 193,800 797,705 Total
2023
£
3,620
5,770
1,457
0
3,721
3,300
Childcare
£
2,228
6,265
1,276
4,378
1,150		 Hall Hire
£
1,150		 Church
£
1,988
94
1,150		 Total
2024
£
4,216
6,265
1,370
-
4,378
3,450
15,297 1,150 3,232 19,679 17,868
12,147 1,030 4,527 17,868

Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

9. Analysis of grant expenditure

Grants to institutions - Mission
Grant - Home missions and other church causes
St Lukes hospice (Basildon)
Basildon community resources centre
Schools team ministry
UCB Europe
Various small charities
Grant - Overseas missionary
Diocese of south west tanzania
Friends of the poor
Childrens joy
Total		 Total
2024
£
200
2024
£
-
0
-
200
0
-
-
-
200		 Total
2023
£
290
2023
£
-
40
-
200
50
-
-
-
290

Trustee expenditure

During the year 1 Trustee received reimbursements of expenses amounting to £738 (2023: Trustees - £812).

11. Independent examiner's remuneration

The independent examiner's remuneration amounts to an Independent Examination fee of £3,500 (2023: £3,456).

12. Staff costs

Staff costs were as follows:

£
Wages and salaries
590,779
Social security costs
35,414
Other pension costs
13,800
639,993
The average number of persons employed by the charity during the year was as follows:
No.
General Church
5
Childcare
39
Ministerial
-
44		 £
554,589
26,344
12,680
593,613
No.
5
40
-
45

No employee received remuneration amounting to more than £60,000 in either year.

Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

13. Tangible fixed assets

Cost or valuation
At 1 January 2021 and 31 December 2024
Depreciation
At 1 January 2021 and 31 December 2024
Net book Value
At 31 December 2024
At_31 December 2023_		 Freehold
Property
£
1,220,000
-
1,220,000
1,220,000

The freehold land and buildings include the Mission Hall, known as St Mary’s Church Hall. In November 2006 the PCC decided, on advice from the external auditor, to revalue the hall, and no longer apply depreciation. The value of the hall was reassessed by Hilbery Chaplin on 21 January 2007 at £200,000. This has been reduced by 50% to reflect that the terms of the initial gift significantly restrict its use and disposal. The Trustees deem that the value is still appropriate, given the restrictions on use and disposal of this property.

The extension and St John’s Church was revalued in December 2016 for insurance purposes to £1,120,000.

Cost or valuation at 31 December 2024 is as follows:

31 December 2024 is as follows:
At Cost
At Valuation
December 2016		 Land and buildings
£
1,100,000
120,000
1,220,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

Cost
Accumulated depreciation		 2024
£
1,100,000
-		 2023
£
1,100,000
-
1,100,000 1,100,000

Page 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

14. Fixed asset investments
Market Value
At 1 January 2024
Withdrawal
Revaluations
At 31 December 2024
Investments at market value comprise:
Listed Investments
All the fixed asset investments are held in the UK
15. Debtors
Other Debtors
16. Creditors: Amounts falling due within one year
Trade creditors
Other creditors
17. Financial Instruments
Financial assets measured at amortised cost
Financial liabilities measured at amortised cost		 2024
£
163,343		 Listed
Securities
£
163,987
-4,255
3,611
163,343
2023
£
163,987
2024
£
10,813		 2023
£
2,466
2024
£
18,312
10,403		 2023
£
11,488
855
28,715 12,343
2024
£
10,813		 2023
£
2,466
28,715 12,343

Financial assets measured at amortised cost comprise amounts due from HMRC in respect of Gift Aid claims. No Interest is charged or receivable on these current financial assets

Financial Liabilities measured at amortised cost comprise trade creditors and other creditors. All financial liabilities are current and no interest is charged or payable on these balances.

Page 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

19. Statement of funds

Statements of funds - current year

Designated funds
Rendezvous Over 50s
Dunhill Fund
St Marys Church Fund
St Marys Church Fund - STMH
St Johns Church Fund
St Johns Church Fund - Childcare
Men United
Kingdom Investment Fund
Beautiful Believers
General funds
General funds
Revaluation reserves
Other general funds
Total unrestricted funds
Endowment funds
Robinson Churchyard
Langdon Hills Ecclesiastical Trust
Cleaver Trust
Restricted funds
Churchyard
St Mary's Building
St Mary's Fabric
Total of funds		 Balance at 1
January 2024
£
1,205
-
-
-
-
-
-
-
-		 Income
£
1,267
0
24,755
34,760
55,980
723,546
667
0
501		 Expenditure
£
(497)
0
(16,619)
(29,951)
(31,494)
(666,786)
(713)
0
333
-
(746,394)
(137,274)
-
-
(137,274)
(883,668)
-
-
-
-
-
(20,786)
(20,786)
(904,454)		 Transfer
In/Out
£
0
(8,136)
(4,809)
(24,486)
(56,760)
46
(168)		 Gain/
(Losses)
£
-
-
-
-
-
-
-
-		 Balance at 31
December 2024
£
1,975
0
0
0
0
(0)
0
0
0
1,205 841,476 (94,313) 0 1,975
1,160,192
120,000
-		 21,576
-
-		 94,984 -
-
-		 1,139,478
120,000
-
1,280,192 21,576 94,984 0 1,259,478
1,281,397 863,052 671 0 1,261,453
4,254
153,253
6,480		 83
-
3,611		 4,337
-
-		 0
153,253
10,091
163,987 3,694 4,337
-		 0 163,343
2,533
671
51,217		 109
4,446		 671
-
4,337		 2,642
0
39,214
54,420 4,555 3,666 - 41,855
1,499,804 871,301 (0) 0 1,466,651

Page 23

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

19. Statement of funds (continued)
Statements of funds - Prior Year
Designated funds
Rendezvous Over 50s
Dunhill Fund
St Marys Church Fund
St Marys Church Fund - STMH
St Johns Church Fund
St Johns Church Fund - Childcare
Men United
Kingdom Investment Fund
General funds
General funds
Revaluation reserves
Other general funds
Total unrestricted funds
Endowment funds
Robinson Churchyard
Langdon Hills Ecclesiastical Trust
Cleaver Trust
Restricted funds
Churchyard
St Mary's Building
St Mary's Fabric
Total of funds		 Balance at 1
January 2023
£
533
-
-
-
-
-
-
-		 Income
£
1,556
-
23,327
32,231
39,734
681,472
1,500
-		 Expenditure
£
(884)
-
(14,715)
(17,766)
(41,230)
(613,104)
(1,245)
-
(688,944)
(121,808)
-
-
(121,808)
(121,808)
-
-
-
-
-
-
5,496
-
5,496
-
(127,304)		 Transfer
In/Out
£
-
-
(8,613)
(14,465)
1,496
(68,369)
(255)
-		 Gain/
(Losses)
£
-
-
-
-
-
-
-
-		 Balance at 31
December 2023
£
1,205
-
-
-
-
-
-
-
533
1,162,334
120,000
-		 779,820
29,460
-
-		 (90,206)
90,206
-
-		 -
-
-
-		 1,205
1,160,191
120,000
-
1,282,334 29,460 90,206 - 1,280,191
1,282,336
3,896
140,356
5,923		 29,460
-
-
-		 90,206
-
-
-		 -
358
12,897
557		 1,281,396
4,254
153,253
6,480
150,175
2,416
671
52,328		 -
117
-
4,384		 -
-
-
-		 13,813
-
-
-		 163,987
2,533
671
51,216
55,416 4,501 - - 54,421
1,487,927 33,961 90,206 13,813 1,499,804

Page 24

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

19. Statement of funds (continued)

The designated funds comprise:

The Home Development Fund to hold 50% of the prior year surplus for future development within the parish. The remaining 50% of the prior year surplus will be split between the following funds:

The PCC Fund which holds £5,000 from the surplus each year for emergency giving to be decided by the PCC (i.e. disaster relief).

The Rectors Fund which holds £1,000 from the surplus each year for when emergency situations arise at the discretion of the clergy.

The Kingdom Investment Fund to hold 50% of the balance for investing in projects that serve the Kingdom of God. Other Charity Giving Fund to hold 50% of the balance for charitable giving using the guidelines agreed on 11 May 2015.

The endowment funds comprise:

The Cleaver Trust are from the will of Revd E.D Cleaver in 1895, providing a principal sum of £300, the income from which is to be used for the repair and upkeep of St Mary’s and All Saints Church. The capital is held in 287.66 income shares. Chelmsford DBF acts as Custodian Trustees.

The Ecclesiastical Charity arose from the sale of 3.7 acres of land in December 1964, the proceeds of which were vested in the Official Custodian for Charity and then divested to the Chelmsford DBF as Custodian Trustees in October 1982. The capital isheld in 7,722.55 income shares. The dividends from this investment are for upkeep and repair of St Mary’s and All Saints Old Church, and left overs each year for general ecclesiastical purposes.

The Churchyard Funds, which is comprised largely of income from the Robinson Churchyard Charity. It comprises 214.37 income shares in the CBF Investment fund.

The restricted funds comprise:

The St Mary’s Fabric Fund which is for the maintenance of the fabric of St Mary’s church. The fund is largely comprised of trust income derived from the Langdon Hills Ecclesiastical Charity (also known as the Churchfield Charity) and the Cleaver Trust.

The St Mary's Building Fund which is for the maintenance of both the fabric and contents of the parish church. The fund is comprised of gifts from members and friends of the church.

Summary of funds - current year

Designated funds
General funds
Endowment funds
Restricted funds
Summary of funds - prior
Designated funds
General funds
Endowment funds
Restricted funds		 Balance at 1
January 2024
£
1,205
1,280,192		 Income
£
841,476
21,576		 Expenditure
£
(746,394)
(137,274)		 Transfer
In/Out
£
(94,313)
94,984		 Gain/
(Losses)
£
0
0		 Balance at 31
December 2024
£
1,975
1,259,478
1,281,397
163,987
54,421		 863,052
3,694
4,555		 (883,668)
-
(20,786)		 671
4,337
-
3,666		 -
-
-		 1,261,453
163,344
41,855
1,499,804 871,301 (904,454)
Expenditure
£
(688,943)
(121,808)
(810,752)
-
(5,496)
(816,248)		 - - 1,466,651
Balance at 1
January 2023
£
533
1,282,334		 Income
£
779,821
29,460		 Transfer
In/Out
£
(90,206)
90,206		 Gain/
(Losses)
£
-
-		 Balance at 31
December 2023
£
1,204
1,280,191
1,282,866
150,175
55,416		 809,281
-
4,501		 -
-
-		 -
13,813
-		 1,281,395
163,987
54,421
1,488,457 813,782 - 13,813 1,499,804

Page 25

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LANGDON HILLS

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

20. Analysis of net assets between funds

Analysis of net assets between funds - Current Year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Provisions for liabilities and charges
Analysis of net assets between funds - Prior Year
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Provisions for liabilities and charges		 Unrestricted
funds
2024
£
1,220,000
-
74,282
(28,715)
0
1,265,566
Unrestricted
funds
2023
£
1,220,000
-
193,834
(59,719)
(71,249)
1,282,866		 Restricted
funds
2024
£
-
-
41,855
-
-		 Endowment
funds
2024
£
-
163,344
-
-
-
163,344
Endowment
funds
2023
£
-
150,175
-
-
-
150,175		 Total
funds
2024
£
1,220,000
163,344
116,136
(28,715)
0
41,855 1,470,765
Restricted
funds
2023
£
-
-
55,416
-
-		 Total
funds
2023
£
1,220,000
150,175
249,250
(59,719)
(71,249)
55,416 1,488,457

21. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £13,800 (2023: £12,680).

22. Related party transactions

During the year a salary of £35,942 (2023: £32,698) was paid to T Cobbing in her role as Childcare Manager.

During the year pension contibutions of £1,078 (2023: £981) on behalf of T Cobbing.

The remuneration of trustees in positions of employment within the charity is not prohibited in the charity's governing document.