REGISTERED CHARITY NUMBER: 1128447 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY Partèrs Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLEfcHLEY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Page Report of thè Trustee8 Independgnt Examln•rfs Report statsment of Flnanclal Actfvltlos an Sheet Nole$ to the Flnan¢lal Statements g trj 17 D•tsiled SL*em•nt of Financial Actlvltios 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLEfcHLEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 Th8 trustees present their wport with the financial stat8ments of the charity for tha year ended 31st December 2024. The trusle&s have adopted the provrsions of Aco)unting and Reporting by Charit. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financiai Reporting Standard applicable in the UK and Republic of Ir8land (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTivmES Objactives and aims Under the Parochial Church Council (Powers) Measure 1956 (as amended). the principal function of the PCC Is 'cowralion with the minister in promling In the parish the whole mlsslon of the Church, pastorydl, evar0el11G, s&Sal and ec#Jmenical'. Tho PCC ensures: - provL%ion of regular public worship, induding personal prayer and ¢onternplalion. open to all. - teathing of Christianty through semions, courses and small groLVS; - prowsion of a de range of chlldren's and youth aclivllies across all age ranges., - workvig in partnership th k>cal schoc4s: - delNery of aciNities lch promote the misslon of the church rosS all age rangas. incknthng those ministries CoreMe with local gxial action.. - worf(ing in partnerslip other charibos, organisations and Individuals who are engag in mlssion and delbvering relief and devebpment OV8rseas arKI in the UK. - provision of pastoral care Indudirg the viSitg of the 5ic*. the ekjgrfy aThJ the bweaved.. - provisir)n of servlcas for weddlngs and fijnerafs. Throughout the year, the IrEIe8S have paid due regard lo the Charities Commisslon's guidance on publi benefit when exerGising any powers or duties to which the guidance is relevant and, in particular, the specffic guKlance provided to Gharitr8s for adCement of relighjn. Along with a team of paid staff. the church continues to rety on the voluntsry work of a large number of people {in excess of 100) and it very much appredate$ their seNice to the church and Ihe lo¢al community. Because of the dwerse nature of the volunteering In both numbers. time and types of activity, it is not feasible to attribute a ffnanclal value to volunteer supporL Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLEfcHLEY REPORT OF THE TRUSTEE8 FOR THE YEAR ENDED 31ST DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activitigs r Vision and Mission. agreed in 2020, is to resource Churth, Communty and Clty Vth a310vS fahh, generosity, humility, unity arJ tènaiity. We have planted and remtalised three Ilmes in the last 10 years. All three congrggatiorts aro grthvlru. LM)th numerically and SF4rituaNy and we are now bennIng to see a replenlshment in tem15 of pecole and ffnances here at Sl. Marfs. As a Church we aim to be disciples Ihal make disaples. we commit to being bible based and spirit led, we hold prayer as being key in God's Kingdom and we seek to deepty love and serve one another. The Refresh Day In eady sumw was. for many In th8 church. a time of dgep spiritual engagement and r8freshm8nt. We have ¢(tinUed lo provide regular public worship. mid-week and also Sundays, with Ihe latter available online. A numerical highlight Was Ihe Remembrance Day servi. whith attracted over tsvo thousand rwple around the war memorial. many of whom joined us for refreshments in the thurch afteFwards. The Pastty Team has an ever increasing workload and as vAth many other ministries 18 noliang a reduction in Ihe availability of volunteers. We wish lo thank them, our Safeguarding Officer, and everyon8 who cares and supports others in our church famity. The ministry to Yng people has continued to grow undor Ihe gUIdan of Ihe Children's and Youth Worker. togèther wth the ongoing o)mmitrnenl from the many volunteers, for which we are very grateful. Dream Factory, Messy Church and Toddler Group are all thriving with increasing numbe attending. Through tho work of the Communrty Outreach Pastor we have also o)nUnued to deliver assemblies and arrange visits with many of the Ioc81 sthools, which have enhanced our links with famill8s in our community- We a also very grateful to the Strategic Devebpment FuThJ of th8 Churdi of England for the conttftuing grant of funds lo assi$l the work 81 St Marys Community Cenlre. Through the activities run al the ¢ommunity centre, we have supported each other and our neighbours throughout tho year. for example,. through the weekty distribLrtion of Surplus and donaled food, the organising of Christmas presents for 100 local families. The weekly Community Café has been rewlaunched at a different time and is now a tlvrving activity with many fruitlul conversations taknng place whilst sharing coffee and ¢ak8. StafflNJ We acknowledga the huge blessing from God in th& wovlsion of every mèmber ol stsff, both lay and cthgy, without whom the wilness of the church. %thethei in acts of worship or leading gmups in the communty. would not be possible. Wa are hugely grateful for each one of you and your indNidual Contriblon to St Marfs Ighout 2024. Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 FINANCIAL REVIEW Financlal posltlon Ir)rne in 2024 of £438k amounts to a £55k incease over the prior yeaes figure of £383k or 14%. Whlle r8gular giving was almost exactly the same as the prior year, we We blessed a substantial legacy and this, together wlth generous on& off gifts. accounts for the increase in income. The Strategic DeveIopfft Fund grant income continues to tsper down over the agreed 5 year pericml. Expendtture of £438k is a substanal £107k increase over the prfor yearfs figure of £331k. This was due In broadty equal measure to increased Parish Share, maintenance of our buildings, enhancgment of our staff team, and general infiation {whi¢h peaked at IO¢A). Our staff team d8velopment has enabled us to expand our communty and children's work. The net position forthe year was essentialty Ixpakeven and our total reserves are unchanged from last y8¥. The last quinqu8nnial review of the churth building highlighted slgnrficant slonework and other maintenance requirements. A program of work has be agreed with stone masons and this is now und&rway. Our sound and vision systems are in the process of being upgraded lo enhance the experience wsthin the church 8rKI our online streaming of services. enabling those unabl8 to attend in person lo remain part of the church famity. We have a dedicated team looknng for grant opportunities for the required building works, and they have had some notable successes. but the majority of the cx)sl wll fall on our shoulders. The church finances have ahvays been carefully manajed with a vr8W to gocl Slewardshl). At tim88 we have stepped out In faith and God has been faithfvl. Our current SitIOn ts sound, bul the incr8ase(J cost base and upcoming capiial oxpenditure requirements wll make 2025 a challenging y8ar. We continue to rgly totally on the gen8rous gmng of our church famity who, we hope and pray. Injsl that their giving is used wisely. R1ve$ pollcy Following review. the r•serv8s poll¢y remairts:. To hold rt realisable unr8Stricted and undeslgnated reserves (net current assèts) equivalent to monlhs. spending. éxcluding spending ¥vhich is funded from designated and restricted funds. To maintsin realisabl& unrestricted and undesignated reserves at the policy level ty setting an amual budget that achreves the poky and by monitoring the budget throughout the year, taking any action as appropriate. ReseNes for this purpose include 8c(xJmulated unr85tricted income, but exclude awjmulaled restricted income, designated income and income that could onty be realised by selling assets hekl for the L8 of th8 pcc. The reserve5 hehj u18r this policy meet Current oFeralional needs. ensure capacty to manage unforeseen financial difficulties which may arise from signrficant unexpected spending or drop in inwme, arKI prowde a clear financial ffamework for the PCC a1 its sub committees to SUFWI dedsion making, indudk)9 bl98t and strategic planning. FluRE PLANS W8 are very aware of con5iderab16 slon8work repairs required to the Church building, as highlvJhted by the latest Quinquennial Report, for whith we are seeking grant-funding lo come alongsKle our own fvan5. We continue to wait upon God for His further direction on all thing9. so often in the past we have seen His plans to be so much better than our ownl STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Parochial Church Counal (PCC) is a corFX)rale govemance b)dy established by the Church of Engla1. formed under the PaKKhial Church Council (Powers) Measure 1956 las amended}, which defines its fiJnK)nS and powers. and as a charity is registered with the CharliS Commission. Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STRUCTIJRE. GOVERNANCE AND MANAGEMEKr Recruitment and appolntment of new trustees ointrnent crf PCC members is govemed by and set out in the Church RepYesentstioTr Rules {Cl81n8d in Schedule 3 to the Synodic21 Government measu 1969 as amended). Th8 dergy team, ele¢ted churchwardens and others members by wrtue of their office 15ee abova). Deanery Synod represgntstives are elected by the Annual Parochial crCh tIng (APCM) and hold office for three years. Other PCC members are elected annu81ty at the APCM. As n8cessary each person who becomes a member of the PCC is given infomwtion their re8ponsibiliOes and duties as a ch8rtty trustee to onable them to cary out their mle effectively. Or9anl3atlonal struclurn The PCC responsibilities incIle all parish ffnance, its manement and contrel. including th9 appolntmenl of a Treasurer. As trustees. members of the PCC are responsible for keeping accounting records which disclose th reasonable acturacy and enable them to asc8rtain the ffnanc481 position of the PCC. The ffinancial statements have been prepared in accordance with the accounting policaes set OLrt in notes to the accounts and comply with the Church Accounting Regulations 2006 goveming the individual accounts of the PCCS. th& Charities Act 2011 and Accounting and Reporting by Charitigs.. Statement of Recommended Practice applicable to charities preparlng their aCcOts in accordarKe with the Flnancial Reporting Slandard for Smaller Entib'es published on 16 July 2014. The PCC is responsible for safeguarding its assets and henc8 for taking reasonabb steps for the prevention and detection of fraud and other irregUlatreS. Due to the 18vel of income of the charfty the PCC is r6Nuired to have the financial statements sublected lo an Independent Examination ww)r lo publicaoon. Gov8manc• and Managgment The PCC meets at least 6 times par year. In order to ensure our Govemance is as effective and effictent as possible, the following sub-groups of the PCC have met and operated throughout tho year. Ministries Mission and Outreach Organisation and Managaménl. There is also a Mission Partnership Group. Ihat reports into the Mlssion and Outreach Grwp, which manages and oversees all grants and donations made to partner organisationg engaged in delivering mission overseas and in the UK (including locally} in line criteria agreed by the PCC. Through its budget the PCC airrts lo give away in grants and donations at least of all general gwing income. Rlsk management The PCC recognises the need for appropriate policies and Fwocedures lo manage ri8k (includlng Heath & Safety), across all ar8as of activty for which it K8 responsible. including ts buildings and IlIllieS. 8$ wetl as a wide range of activibes aThJ events. Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRAllVE DETAILS The Parochial Church Coun1 of the Ecclesiastical Parish of Sl Mar$ Bletchley is a chartty regisler8d uler the Charities Act. Th& Trustees, member5 of the PCC, who have seN8d since the commencement of tl financlal year til the approval of the financial statements (uniess Othemse stat8dl, were as follows".- Mlnlstry Staff T8am The Revd David M¢Dougall The Revd Ban Thorpe The Revd Peter Landry The Revd Rachel Clamkl Ex-officio Ex-officto Ex-officio (Resigned 31st Juty 2024) Ex-officgo {Rèsigned 31st Deceftts 2024) Church Wardens Mary Nicholls Ollver Herynes Dè*wy Synod Represenlallv•8 (electsd for 3 years) Pam Lambert Penelope Powers Jess Hampson Stephen Vvalker R8signed 2nd September 2024 Ekciad 20th May 2024 Di0¢gsan Synod R•pr98entatlve Stephen Walker Resigned 31st Juty 2024 Other PCC mèmbers Chris Day {Chair of FinarKe) Sophie Fletcher Ann Rolfe (Treasurer) Clarg Reeves Judi Cumberfand Max Johnslone lan Bland Andrew Barton Chrislianah Hayter lan Andtrson Approved by order of the board of trustees on 28th April 2025 and signed on its behalf by". RevereTrJ D meDall- Trustsg Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY lTrdepend¢nt examinerfs report to thg trust$ of The Parochlal Church Council ¢X Tho E¢¢leslastlcal Parish Of St. MarYs Bletchley I report lo lh8 tharity trustees on my examinalion of the ac¢AJunls of The Parochial Churth Council Of The Ecclesiaslicaj Parish Of St. Mary's Bletchley (the Trust> forthe year ended 31st December 2024. Re$ponslbllltiès and basls of report As the charity trustees of the Trust you a responslble the preparation of the accounts In accordance wtlh the requirements of th8 Charitias Act 2011 {'the ACV). I rer¥)rt in resped of my 8xamination of th8 Trusvs accounts ¢ani8d out under Section 145 of the Act and In caryrng out my examination I have fthlowed all applicable Directions given by the Chaiity Commission under Section 14515Mbl ofthe Act. Independent examinorfs sLitèment Since your chartty's gross incom8 exceeded £250,000 your examlner must be a member of a listed bcily. I can confirm that l arn qualffied to undertake the examination because l am a member of the Institut8 of Chartered Accountants irn Wand arKI Wales, which is one ofthe listed bodies. I have compk8ted my examination. I COnmI that no material matters have come to my attenlion in comt)rn with the examination giving me cause lo bel'eve that in any matsrial reS¢t.. accounting records were not kept in respect of thè Trust as required by Sectron 130 of the Ad" or the accounts do not aOrd wth those records.. or the accounts do not comply with the applicable requirements conceming the fomi and cL)ntènt of a¢x))unls set out in the Charities (Accounts and Reports) RegUlaOn8 2008 other than any requiremgnt that the ae¢ounts give a true and fair view ¥thlch is not a matter considered as part of an independent examinatlon. I have no concems have c))me across Th) other matters in connecllon hmth the examlnation to whKh attention shc4Jld bo dTaNw) In this report in order to gnabl8 a prop8r underntanding of thb actwnts to bg reached. Annette Watson PhD Bsc FCA Parkers Comelius House 178-180 Church Road Hove East Sussex BN3 20J Pag8 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARWS BLEfcHLEY STATEhlENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total funds 2023 Total nds Unreslricted funds Restrictgd funds Notes INCOME AND ENDOWMENTS FROM Donations and leg¥ies 314282 52,630 366.912 308.362 Charitable xtlvltles General 20.902 38.613 59,515 63,727 Other trading &liwties Investment income 8,879 2.427 8.879 2A27 10,183 431 Total 346.490 91,243 437.733 382.703 EXPENDITURE ON Charitable actlvities General 340,162 98,326 438,488 330,971 NEf INCOMEI(EXPENDITURE) 6,328 (7.0831 (7551 51,732 RECONCIUATION OF FUNDS Totsl fijnds brought fomard 373,202 208.IM3 581,245 529,513 TOTAL FUND8 CARRIED FORWARD 379,530 200,960 580.490 581,245 The notes foThn part of these financial statements Page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARrs BLETCHLEY BALANCE SHEET 31ST DECEMBER 2024 2024 Total funds 2023 Totsl fvnds Unreslrict8d fvnds Restricted funds Notes FIXED ASSETS Tangible assets 139,226 168,792 308.018 297,738 CURRENT A8SETS Debtors Cash at bank aThJ In ha 21,603 238.374 21,603 270.541 15.428 280,796 32.167 259,977 32,167 292,144 296,224 CREDrroRS Amwnts fairing due within one ygar (19,672) 119.672) {12.717) NET CURRENT ASSETS 240,305 32.167 272,472 283,507 TOTAL ASSETS LESS CURRENT LIABILITIES 379,531 200,959 580,490 581,245 NEf ASSETS 379.531 200,959 580,490 581,245 FUNDS Urlrestricted funds Restricted funds 379,531 200,959 373.202 208.043 TOTAL FUNDS 580,490 581.245 The financial slalemenls were apFYOVgd by the Board of Trustees and authoTised for issue on 28th April 2025 and were signed its behatfby: D McDougall - Tru5tse The notes forn part of these financaal ststemenls Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESJASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2024 ACCOUNTING POUCIES Basls of prgparlng tho flnanclal statemènts The Parochial Church Counal IPCCI is a corporate govemance establtshed by the Church of England, forrned under the Parc¢hial Churd) Council (Powers) Measure 1956. The PCC meets Ihg definit of a Public Benefit Entity under FRS 102. Flnancial reporting standard 102- rèduced dlsc108ure exempllons The charity has tsken advantage of the following dlsdosure exemption in preparfng these financial stalemenls, as p8m)itted by FRS 102 'The Financlal Reporbng Standard applicable In the UK and Republlc of Ireland,: the requlrements of Section 7 Ststement of Cash Flows. Funds Restrlcted Funds: Restricted funds are those funds that can onty be spent on restricted ptwwses and detsils of the fulS held and restrictions provided a shown in the notes to Ihe airAJunts. Unre81rtcled Funds: Unrestricted funds repr8senl the remaining ir0m8 lunds of the PCC Ihat ara available for SrKling on the general purposes of the PCC. induding amounts designated by the PCC for fixed assets for its own use or for spending on a fLrture projecL arKI which are ther8fc*e not included in its Yree reserves" as disclosed in tho Trustees. Rèport. Rocoynill( of Income: This is regniSed in the Statement of Financial Aciivilres (SOFA) when: al the PCC becomes legally entitled to the ben8fit of Ihe use of the resources; bl th8 monetary value can be measured reliably,. and c} rlpt is probable, wth suffiaent rtaInty of receipt (receipt is more11(ely than not). Incom8 with Rolatgd EXndIture. Where inming resources have related expendllure las with fundraising income or certain events) the Incoming re$ources and related expgnditure are reported gross in the SOFA. Grants. Legacies and Donatlons: Donations. grants and gaCleS ilUde all Income receiv6d by the charity that i& in substance, 8 grlt made to it Dn a voluntary basis and are accounted for as scon as the PCC is notrfied of its legal entitlement, the amount duo is quantifiable, its uftlmale receipt by the PCC is reasonaljy certain. and when any PreonditIOnS preventing its use by the PCC have been met. For dCallOn$, o)Ilections and regular givlng, these are accounted ts vthen the fijnds ar6 received. Tax Reclaims on Donations and Gifts: Gift and other tsx redaims are induded in the SOFA at the same time as the donat#)ns to whlch Ihey tykte. Glfts In Klnd: Gifts in Kind ar8 ac)Unted for at a reasonable estimate of thoir valu& at the time of the gift to the PCC. if feaslble. or else 8t the amount actually reafised from th8ir disposal. Grfts in Kind for sale to fund the PCC are induded in the accounts at the estimated market value at the dale of the grft, rffeasible. or else recognised when sold by the PCC. Page 9 Contind...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES - continued Funds Gifts in Kind for use by the PCC are included in the SOFA as incomiro resources when receNable. and expensed as and when consumed in use. Gifts ol fixed assets, rf matertal, are induded in the balance sheet at their current value {i.e. th& lower of replacement cost and recoverable *nountl 8nd expensed over the asset's useful economic Irf6. Other donated gLKxls are measured at their fair v8lu8, unless Ihis is impractical to measure reliably. Donatsd Services and Fa¢ilitle8: These are onty included in incoming resources land at the same time in resources expended) at the esllmated value to tho PCC of the servlce of facility re¢8iV8d, orthe amount actualy reallsed. Volunteer Help: The value of voluntary help re¢eived Is not Inctuded In the accounts but Is referred to In the Trustee5' Annual Report. Rèntal Income: Rentsl income from letting of the church, or buildlNJ$ owned by the PCC. is rgcogThs8d when tho rental is due. Invesljmnt In¢om•: This is included in the accounts when receivable. Investm•nt Gains and Lossos: This includes any gain or loss on the sale of investrnents aThJ gain or bss resung from maliHng investsnents to market value al the end of the year. Expendlturo Liablllty Recognition: 'abilities are recognised as soon as the legal or c£fflstructive obligath)n arises. Actlvlll•s dlrecty relatlng to the work of the Church: The Dioe8san parish share is accounted ft)r when due. Any agr88d parish share unpaid at 31st Dec8mber is provrded for in thes8 financial stslemenls as an operational {th)ugh not a legal) fiabNity and is shown as a creditor in the balan sheet. Othèr Expendlture: Includes the cosl of governance arrangements whth relate to the general running of the PCC as OPF(ssed to the dire¢t management functions inherent in generating funds and the work of th8 parish. Includes of the preparation and examination or audit of statutory accounts. U)e costs of trustee meetings and costs of any legal or other profession81 a(fvI to trustees on govemance or constitutional matters. Included within this category are any eK>sts associatsd with the stralegic as opposed to day to day management of the PCC'S activitie5. Tanglble flxed assets Tangible Fixed Assets fr)r use by the PCC.. Expgnditure on indNidual assets costing £1.(KK) and over and which can be used for mre than one year. has been capilalised and depTeci8ted in tho financial statements ov8r their currenlly antscipaled useful economic life on a straigh14ine basis. Assets are valued at cost or at reasonable value on receipt and an assessment is made al each reporting d8te as to whether further write down in value is required. Al expenditure incurred during the year on indiwdual assets costing less than £1,000 is written off in the year the expenditure occurred. The land and buildings at cost brought forward includes the Church Hall in Church Green Road, Bletchley al a cost of £4,500 which represents the PCC'S best estimate of original Cost when the building was constructed in 1963. Subsequent improvements ara induded at cost. St Marfs Community Centre in Warwick Road, Bletchley which was acquired in August 2003 for £250,(XIO is also inciuded at cost. P4e10 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 AccoupifiNG POLICIES - con¢lnued Tangiblo Ilx•d assets Consecratgd Land. Bulldlngs. and Movable Church Fumishings: Consecrated and beneficed property of any kind is exduded fr(m the ftnan¢lal stalemerrts by S.10121(a) and {cl of the Charities Act 2011. Movabl8 church fumishings held by the Rector and Chur¢h Wardens on special trust for the PCC and which requir& a faculty for disposal are accounted for as inalienable propety unless nSecrated. They are Ilst8d in the Church's inventory, whith can be inspected at any reasonable Ime. For inalienable prop8rty al¥ured prior to 1st January 2003 there Is insufficient cost fOatrOn avaikble and therefore such assets are not valued in the financial statements. Expenditurg since 1st January 2002 and costing £l,1)00 and over, has been capitallsed and depreclated in the fina81 slatements over the ctsrrently antldpaled useful eeonomlc lrfe on a strarght-line basis. l expendltur& 1ncjjed in the year on nsecrated of beneficed buildings, indivldual Items under £1,OC(i or on th8 rapair or replacement of movable church fumishings acquired before 1st January 2003 is written off. Bulldirhgs, Other Flxtures, Flttlngs. Equipm•nt and Vohicles: Expenditure on buildings owned by the PCC 15 deprecaated on a Sght4lne basis over SO years. Expenditure of £1,000 and over on fixtsJres, frtdngs and equlpment wthin the church and other PCC premises and on motor vehldes is depreciated on 8 straight-line basis over 4 y8ars. In view of tr*ir antiapated useful eethomic lrfe the Howe 4014 chairs purchased in 2010 are being depreoated on straighl-line basis over 20 years. Taxatlon The charity is exempt from tax on its charitable 8clivilies. Fund accounting Unrestricted funds can be used Sn acrdanCe wlth the charitabl8 objectives al the discrellon ol the Iruslees. Restricted fvnds can only be used for ParCUlar restricted purposes within the objects of the charty. Restrictions arise speofied by the donor or hthen furKls are raised for parti¢wlar restricted purposes. Further explanation of the natur8 and purpose of each fund is included in the not95 10 ts financlal ststemenls. Golng concem The accounts have been prepar8d on a going nCern basi8. The Trustees believe that this is an appropriate basis of preparation. There are rKS malerial uncertainties aljout the Pccb abilty to continue as a going o)ncem. Baslc flnanclal Instruments A financlal instrument is a contract that gives rise lo a finala1 asset of one entlty and a finawal liability or equity instrument of another entity. All the PCC'S financial InstNments are wthln the definition of basrc financpal instruments per section 11 of FRS 102. Debtorn Trade and other debtors are reccgnised at the sottlement amount due after any tradg di8Unt offered. Prepayments 8re valued at the amount prepaid net ofany trade dlseounts due. Credltors and provlslons Page 11 corrtinued...
ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLesiASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES - continued Creditors and provisi)ns for fvture liabilities are retglS& when Ihe ch8rfty has a legal or constructive financial CligatI)n, that can be reliably gstimated, and for which there is an expectation that payment will b8 made. Penslons The pension c4)sts cthwged in the ffnancial statements represent the contrfbubons payab18 by the Gharfty lo the defined Ixintributhjn schemes during the ygar. Inv88tmonts Investments are valued al market value at the year 8fKI. Sh(Kt4omi deposlts InrIL0 cash hekl on d8PO%t at the bank. OTHER TRADING ACTivrriES 2024 2023 Income from buiklings arKJ fijnd raislng 8,879 10,183 INVESThIENT INCOME 2024 2023 Interest ceivab- tradiThJ 2,427 431 TRUSTEES. REMUNERAnoN AND BENEFITS Ther& were no trustses. remunerab'on or other beneffts for the year onded 31st December 2024 nor for Ihe year ended 3151 December 2023. Trust3, expense¥ There We no trustees. 8xpensas pard for the year ended 31st December 2024 nc* for the year ended 31st December 2023. STAFF COSTS average monlhly number of 8mploye•s during year was as k4lows: 2024 10 Church activitEs 2023 10 No employees received emoluments kn eXsS of£80,000. Page 12 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 TANGIBLE FIXED ASSErs Flxtures and fittlngs Freehold propety Plant and machinery Totals C¢)ST Al 1 st January 2024 Additions 398.624 &700 179.293 25,995 583,617 25,995 At 31st 08Mr 2024 398,624 5,700 205.288 609,612 DEPRECIATION Al 1st January 2024 Charge for year 117869 5,972 5,700 162.710 9,743 285.879 15.715 At 31st December 2024 123,441 5,700 172.453 301,594 NEf BOOK VALUE At 31st December 2024 275.183 32,835 308,018 At 31st Decemb8r 2023 281,155 16,583 297,738 DE8TORS.' AMOUNTS FALUNG DUE WH1N ONE YEAR 2024 2023 Trade debtors Other debto 2,226 19,377 1,223 14,205 21,603 15.428 CREDrroRS: AMouKfs FALUNG DUE wrrHIN ONE YEAR 2024 2023 Trade creditors Other c¥8dltors 4,710 8.007 8.020 19.672 12,717 Page 13 conlinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMENT IN FUNDS Net movement in funds At 31112124 At 111124 Unrostrlctad funds General fund Designated fund.. bulldings fabrrc fund 315,007 58.195 1,266 5.063 316.273 63,258 Reslrlctsd funds Buildn9.. church hall & communlty ¢8ntre Church hall Howe chal Communty Suppjrt Bell tower maintenance Buildings- St Marls flag standards Other projects St Jos8ph's Chur¢h Rectors Community (hJtroa¢h Projects Camera fund Sounddesk 373,202 6,329 379.531 155.458 4.500 11.754 4,711 4,941 13.398) 152,060 4.500 9,802 5.818 5,156 52 2A02 13.475 1,051 3N03 810 2N30 (1.952 1,107 215 2.402 <9,119) 1.051 (130) 310 2N30 22,594 3,533 500 208,043 17,0841 200,959 TOTAL FUNDS 581,245 1755) 580,490 P0 14 conlinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMENT IN FUNDS - contlnugd Net movement in fvrKls. induded kn the above are as follows.. Incoming resources Resources M)vement expended In funds Unrestrktad funds Genèral fvnd Designatsd knd.. buildings fabric fund 333.373 13,117 1332.107) (8.054) 1266 5,063 Reslrlcted funds Buildings.. church hal & communty C9ntr8 H(Y•V8 thairs Communtty Support Bell lower maintenance Other projects Sl Seph'S Ch(Kch Recte¢s Community Outreach Projo¢ts Camera fiJTh Sounddesk 346,490 {340,161 6,329 (3A98) (1.951 } (11,417) {3J98 (1.952) 1,107 215 2.402 {9.119} 1,051 (130) 310 2A30 (1) 12,524 215 41.931 28.728 4.099 197 310 (39,529} (37,847) {3,048) {327} {810) 91243 (98,327) (7,084) TOTAL FUNDS 437,733 1438,488 (755) Paje 15 continu8d...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL sTATElNTs- contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMElff IN FUNDS - Gontlnuod Comparatlves lor movthnent kn funds Net movamenl in funds At 111123 31112123 Unrestrfctsd funds General lund Designated fund: bulldings fabrlc fund 254,771 54,830 60,236 3,365 315,007 58,195 Restrlcted funds Buildings: churth hall & community Church hall Howg chalrs Community Support Bell lower maintenance Buildings - St Mary's lag standards St Joseph's Churth Community Outreach Projects Camera fund 309,601 63,601 373,202 158,856 4,500 13.705 7,642 4,788 52 25.648 4,221 500 {3,3981 155,458 11.951) {2.931) 153 11,754 4,711 4,941 52 22.594 3.533 500 (3,0541 1688) 219,912 111,869) 208.043 TOTAL FUNDS 529,513 51,732 581.245 Comparative net movem8nl in funds. indudgd in the above are as follows: Incoming resources Resources expended Movem8nt in funds Unrestrictod funds General fund Designated fund: tdIng$ fabric fund 290.897 11.390 {230.661 } 18.0251 60.236 3,365 Re5trictsd funds Buildings: church hall & COMMlty 302,287 (238.686) 63.601 How6 chairs Community Support B911 lower maintenance Bulldings- St Marfs flag Standards Other projects St Joseph¥ Church Rector5 Comrnjnty Outreach Projects (3,3981 (1,9511 (8,301) (3,398) {1,9511 {2,9311 153 5,370 153 1,769 47,295 25,340 (1,7691 147,295) 128.394) (4881 16891 (3.054) 16881 80,416 {92.285} (11.8691 TOTAL FUNDS 382.703 (330,971) 51,732 Page 16 c1)ntinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY NOTES TO THE FINANCIAL STATEMENTS- contlnu FOR THE YEAR ENDED 31ST DECEMBER 2024 10. RELATED PARTY DISCLOSURES There were no relat1 paty Iransactiorts for th8 year ended 31st D8cembeT 2024. 11. PURPOSE AND RESTRICTIONS OF FUNDS HELD During the year the PCC held the following fvnds.. R•stricled funds Fund namo Purpose and restrictlons Building.. Church Hall & Communty centre Finance Ihe acqulsition of Communty centre. subsequent buildiNJ Church Hall w(wks and Churth Hall remodelling Howe thalrs Donations towards original conslructth ot Church Hall Church Community Centre Donalions towards purchase of Howe 4014 chairs Bell tow&r maintenance Donations towards Church Community Centre prciecls St Mary's llag standards Donations to cover expenditure on the bell tower Tree seat DOnatS lo covei futur8 expenditure St Joseph's Churth Donalwjns for tree seat in churthyard Rectors fund Donatrons to contribute to the njnning of the Church. Donations to b8 used as Ihe Rector sees fit Communty Outreach Projects DonalSons towards the Community Outreach Fffcgramme Camera Donations towards camera eqLtipmenl Grant irKome from the Slralegic Development Fund to anabie SMB as a Resourdng Church Donations towards new patio doors ODBF Patpo doors Unrestricted funds Fund name P(ffpos• and restrictlons Buildlng fabric Building repairs and maintenance Page 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYS BLETCHLEY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2023 INCOME AND ENDOWMENTS Donatl¢)n$ andlggacles Donations Gift aid LegaGies 272.930 59,464 34,518 254,989 53.373 366,912 308.362 Other tradlng actlvltle$ Income from buildings and fund raising 8,879 10.183 Invostment In¢omo Interest CeIvae- trading 2,427 431 Charltable activitle$ Grants 59,515 63.727 Total incornlng resources 437,733 382,703 EXPENDrruRE Charltable actlvtties Wages Sundries Depreciati¢ of tangible fixed assels 167,434 248,859 15.715 133.017 183,2TI 10,942 432,008 327,236 Support costs Govemane• costs Acwuntancy and legal fees 6,480 3.735 Totsl resources expended 438,488 330,971 N•t (expendituroifincom• {755 51.732 Thls page does not fDrm part ofthe statutory financ4al statements Page 18