PCC Review of the Year - 2024 The APCM was held on 22 April 2024. Judith Kelly stood down as church warden and Elisabeth Stanners was elected. Phil Abbot was re-elected. Pauline Neep, Derek Schofield and Jill Rigby finished their terms of office. Donald Walker, Nigel Case, Alan Davies, Debbie Fisher and Curtis Gatsby were elected as PCC members. Diana Smith was appointed to the Deanery Synod. A Standing Committee was elected which included Nick Green (vicar – chair), Sue Garland (vice-chair), Jo Harbidge (Curate), Cathi Thacker (PCC secretary), Andrew Lockwood (treasurer), Elisabeth Stanners (church warden) and Phil Abbott (church warden). The PCC met nine times throughout the year. In Nick’s absence, the PCC was ably chaired by Sue Garland. Various topics were discussed at the meetings over the course of the year, with the major items being the ongoing hall roof repairs, the amazing and exciting developments in the community garden, strengthening our relationship with St Peter’s Holymoorside, overhauling the budget procedure, staffing changes and much, much more. Serving on the PCC is a great way to be involved in what is going on in the church and to help make decisions regarding its future. Do prayerfully consider whether this is an area you would like to be a part of – ask a PCC member to find out more. We’d love to have you on board! Cathi Thacker PCC Secretary **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **CONTENTS** |Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements|**PAGE**| |---|---| ||2 to 4
5
6
7
8 to 10| ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024** |**INCOME AND ENDOWMENTS**
Estates Income
All Giving Receipts
Grants and donations
Fundraising and Events
Operating Activities and Fees
Mission
Interest
Tax Reclaimed
Other Income
**Total Incoming Resources**
**EXPENDITURE**
**Cost of Raising Funds**
Fundraising expenses
**Expenditure on Charitable Activities**
Building and Estate Facilities
Churchyard
Church Ministries
Mission
Mission Giving
Administration
Personnel
**Governance**
**Total Resources Expended**
**Net Incoming Resources**
**for the Period**
Balances brought forward
at 1 January 2024
Transfers
**Balances carried forward**
**at 31 December 2024**||**Designated**
**Funds**
£
-
10,360
-
-
-
-
-
2,500
-
**ST J**|**Unrestricted**
**Funds**
£
28,383
95,593
-
3,001
3,959
11,666
635
24,593
553
**OHN'S WALTON**|**Restricted**
**Funds**
£
10,644
-
-
-
-
-
-
-
-
**S**|**Unrestricted**
**Funds**
£
887
14,109
130
1,128
3,408
-
59
2,952
490
**T PETER'S HOLY**|**Restricted**
**Totals**
**Totals**
**Funds**
**2024**
**2023**
£
£
£
-
39,914
32,642
-
120,062
112,809
800
930
4,240
-
4,129
544
-
7,367
7,481
-
11,666
13,602
-
694
646
-
30,045
27,603
-
1,043
-
**MOORSIDE**| |---|---|---|---|---|---|---| |||12,860|168,383|10,644|23,163|800
215,850
199,567| |||-
14,913
-
-
-
-
-
-
-|-
33,347
-
2,869
70,799
11,775
10,609
26,797
450|-
7,624
-
-
-
-
12
-
-|361
5,598
-
595
13,873
760
772
106
-|-
361
-
-
61,482
42,368
2,840
2,840
-
-
3,464
3,986
-
84,672
78,344
-
12,535
12,072
-
11,393
9,531
-
26,903
38,546
-
450
450| |||14,913|156,646|7,636|22,065|2,840
204,100
185,297| |||(2,053)
1,088
(452)|11,737
36,806
(2,302)|3,008
248,000
2,754|1,098
19,023|(2,040)
11,750
14,270
553
305,470
291,200| |||(1,417)|46,241|253,762|20,121|(1,487)
317,220
305,470| **The Brought Forward funds for St Peter's have been re-stated by -£1,423** 6 ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **CHARITY REGISTRATION NUMBER: 1128490** ## **BALANCE SHEET AS AT 31 DECEMBER 2024** |**FIXED ASSETS**
House of Duty
**CURRENT ASSETS**
Debtors
Cash at Bank and In Hand
**CURRENT LIABILITIES**
Creditors
**Net Current Assets**
**NET ASSETS**
**FUNDS**
Designated Funds
Unrestricted Funds
Restricted Funds|**NOTE**
1
3
4
5
6|**2024**
£
248,000
13,477
72,870
86,347
(17,127)
69,220
317,220
(1,417)
66,362
252,275
317,220|**2023**
£
248,000
3,710
68,752| |---|---|---|---| ||||72,462
(14,992)| ||||57,470| ||||305,470| ||||1,088
55,829
248,553| ||||305,470| Approved by the Trustees: 7 ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **NOTES TO THE ACCOUNTS** ## **FIXED ASSETS - HOUSE OF DUTY PENNYWELL DRIVE** |Cost and Valuation as at 1 January 2024
Additions in Period
Cost and Valuation as at 31 December 2024
Depreciation Charge b/fwd 1 January 2024
Depreciation Charge - 2024
Net Book Value 31 December 2024
Net Book Value 31 December 2023|**£**
248,000
-| |---|---| ||248,000| ||-
-| ||-| ||248,000| ||248,000| n so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 0(2)(a) and (c) of the Charities Act 2011, such assets are not capitalised in these financial statements. These financial statements only include property that is owned by the PCC, this being the House of Duty in Pennywell Drive, Holymoorside. Ownership of this property was transferred to St John's Walton due to the Parish reorganisation on 1st October 2022, and it's the view of the Trustees that the carrying value is below market value, hence no depreciation is provided for. The property is temporarily let and the Trust Deed under which the property is held states that the benefits of the property are for he Parish in which it is situated. As a result, a proportion of the rent is given back to St Peter's DCC to support activities in their ommunity. The PCC has resolved during 2024 that the bank balance of the Pennywell Drive account should be transferred from Unrestricted to Restricted Funds, and hence an adjusted transfer has been provided for in these accounts. Some repairs to Pennywell Drive valued at £1,083 had inadvertantly been funded from St John's church account, hence at year end, the Pennywell Drive account was indebted to the St John's Reserve account for this amount. ## **ACCOUNTING POLICIES** ## Income Gift aid donations, other planned giving, gifts on plate and sundry donations are recognised when received by, or on behalf of the PCC. Income tax recoverable on gift aid donations is recognised on an accruals basis with appropriate adjustments made on a regular basis. Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount is quantifiable and its ultimate receipt by the PCC is reasonably certain. ## Other Income Income from the letting of the church premises is recognised when due. Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis. Income from fundraising events and other church activities is recognised when received. ## Staff Costs The PCC employs a number of people to provide administrative, office and facilities support. In addition the PCC engages the services of a gardener and window cleaner. The PCC does not pay the salaries of the clergy directly but pays towards these costs through the contribution to the Common Fund. 8 **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **NOTES TO THE ACCOUNTS (cont)** ## **3 DEBTORS** |Gift Aid Receivable St John's
Gift Aid Receivable St Peter's||**2024**
£
11,750
1,727|**2023**
£
1,800
1,910| |---|---|---|---| |||13,477|3,710| - **4 CASH AT BANK AND IN HAND** |St John's
Current Account
Reserve Account
Pennywell Drive Account
Cash in Hand
St Peter's
Current Account
Reserve Account
**CREDITORS (Amounts falling due within one year)**
HMRC
Accruals
Utilities (inc £573 St Peter's)
Audit Fee
Mission Tithe
Roof||**2024**
£
100
48,416
6,845
29
13,364
4,116|**2023**
£
100
48,224
2,742
20
13,609
4,057| |---|---|---|---| |||72,870|68,752| |||**2024**
£
681
1,998
2,223
450
11,775
-|**2023**
£
333
20
1,914
450
10,125
2,150| |||17,127|14,992| - **5 CREDITORS (Amounts falling due within one year)** 9 ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **NOTES TO THE ACCOUNTS (cont)** ## **6 MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|| |---|---| |**Restricted Funds:**
St John's Walton
St Peter's Holymoorside
Total Restricted Funds
**Unrestricted Funds**
St John's Walton
St Peter's Holymoorside
Total Unrestricted Funds
**St John's Designated Fund**
**Total Funds**|**Balance at**
**Incoming**
**Outgoing**
**Transfers**
**Balance at**
**01-Jan-24**
**Resources**
**Resources**
**31-Dec-24**
**£**
**£**
**£**
**£**
**£**
248,000
10,644
-7,636
2,754
253,762
553
800
-2,840
-
-1,487| ||248,553
11,444
-10,476
2,754
252,275
36,806
168,383
-156,646
-2,302
46,241
19,023
23,163
-22,065
-
20,121| ||55,829
191,546
-178,711
-2,302
66,362
1,088
12,860
-14,913
-452
-1,417| ||305,470
215,850
-204,100
-
317,220| ## Restricted Funds These are funds that must be spent on restricted purposes ## Unrestricted Funds These represent PCC funds that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC ## Designated Funds These are funds set aside from the General funds of the PCC for a specific purpose, notably the Roof Appeal project 10 **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **CONTENTS** |Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements|**PAGE**| |---|---| ||2 to 4
5
6
7
8 to 10| ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024** |**INCOME AND ENDOWMENTS**
Estates Income
All Giving Receipts
Grants and donations
Fundraising and Events
Operating Activities and Fees
Mission
Interest
Tax Reclaimed
Other Income
**Total Incoming Resources**
**EXPENDITURE**
**Cost of Raising Funds**
Fundraising expenses
**Expenditure on Charitable Activities**
Building and Estate Facilities
Churchyard
Church Ministries
Mission
Mission Giving
Administration
Personnel
**Governance**
**Total Resources Expended**
**Net Incoming Resources**
**for the Period**
Balances brought forward
at 1 January 2024
Transfers
**Balances carried forward**
**at 31 December 2024**||**Designated**
**Funds**
£
-
10,360
-
-
-
-
-
2,500
-
**ST J**|**Unrestricted**
**Funds**
£
28,383
95,593
-
3,001
3,959
11,666
635
24,593
553
**OHN'S WALTON**|**Restricted**
**Funds**
£
10,644
-
-
-
-
-
-
-
-
**S**|**Unrestricted**
**Funds**
£
887
14,109
130
1,128
3,408
-
59
2,952
490
**T PETER'S HOLY**|**Restricted**
**Totals**
**Totals**
**Funds**
**2024**
**2023**
£
£
£
-
39,914
32,642
-
120,062
112,809
800
930
4,240
-
4,129
544
-
7,367
7,481
-
11,666
13,602
-
694
646
-
30,045
27,603
-
1,043
-
**MOORSIDE**| |---|---|---|---|---|---|---| |||12,860|168,383|10,644|23,163|800
215,850
199,567| |||-
14,913
-
-
-
-
-
-
-|-
33,347
-
2,869
70,799
11,775
10,609
26,797
450|-
7,624
-
-
-
-
12
-
-|361
5,598
-
595
13,873
760
772
106
-|-
361
-
-
61,482
42,368
2,840
2,840
-
-
3,464
3,986
-
84,672
78,344
-
12,535
12,072
-
11,393
9,531
-
26,903
38,546
-
450
450| |||14,913|156,646|7,636|22,065|2,840
204,100
185,297| |||(2,053)
1,088
(452)|11,737
36,806
(2,302)|3,008
248,000
2,754|1,098
19,023|(2,040)
11,750
14,270
553
305,470
291,200| |||(1,417)|46,241|253,762|20,121|(1,487)
317,220
305,470| **The Brought Forward funds for St Peter's have been re-stated by -£1,423** 6 ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **CHARITY REGISTRATION NUMBER: 1128490** ## **BALANCE SHEET AS AT 31 DECEMBER 2024** |**FIXED ASSETS**
House of Duty
**CURRENT ASSETS**
Debtors
Cash at Bank and In Hand
**CURRENT LIABILITIES**
Creditors
**Net Current Assets**
**NET ASSETS**
**FUNDS**
Designated Funds
Unrestricted Funds
Restricted Funds|**NOTE**
1
3
4
5
6|**2024**
£
248,000
13,477
72,870
86,347
(17,127)
69,220
317,220
(1,417)
66,362
252,275
317,220|**2023**
£
248,000
3,710
68,752| |---|---|---|---| ||||72,462
(14,992)| ||||57,470| ||||305,470| ||||1,088
55,829
248,553| ||||305,470| Approved by the Trustees: 7 ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **NOTES TO THE ACCOUNTS** ## **FIXED ASSETS - HOUSE OF DUTY PENNYWELL DRIVE** |Cost and Valuation as at 1 January 2024
Additions in Period
Cost and Valuation as at 31 December 2024
Depreciation Charge b/fwd 1 January 2024
Depreciation Charge - 2024
Net Book Value 31 December 2024
Net Book Value 31 December 2023|**£**
248,000
-| |---|---| ||248,000| ||-
-| ||-| ||248,000| ||248,000| n so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 0(2)(a) and (c) of the Charities Act 2011, such assets are not capitalised in these financial statements. These financial statements only include property that is owned by the PCC, this being the House of Duty in Pennywell Drive, Holymoorside. Ownership of this property was transferred to St John's Walton due to the Parish reorganisation on 1st October 2022, and it's the view of the Trustees that the carrying value is below market value, hence no depreciation is provided for. The property is temporarily let and the Trust Deed under which the property is held states that the benefits of the property are for he Parish in which it is situated. As a result, a proportion of the rent is given back to St Peter's DCC to support activities in their ommunity. The PCC has resolved during 2024 that the bank balance of the Pennywell Drive account should be transferred from Unrestricted to Restricted Funds, and hence an adjusted transfer has been provided for in these accounts. Some repairs to Pennywell Drive valued at £1,083 had inadvertantly been funded from St John's church account, hence at year end, the Pennywell Drive account was indebted to the St John's Reserve account for this amount. ## **ACCOUNTING POLICIES** ## Income Gift aid donations, other planned giving, gifts on plate and sundry donations are recognised when received by, or on behalf of the PCC. Income tax recoverable on gift aid donations is recognised on an accruals basis with appropriate adjustments made on a regular basis. Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount is quantifiable and its ultimate receipt by the PCC is reasonably certain. ## Other Income Income from the letting of the church premises is recognised when due. Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis. Income from fundraising events and other church activities is recognised when received. ## Staff Costs The PCC employs a number of people to provide administrative, office and facilities support. In addition the PCC engages the services of a gardener and window cleaner. The PCC does not pay the salaries of the clergy directly but pays towards these costs through the contribution to the Common Fund. 8 **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **NOTES TO THE ACCOUNTS (cont)** ## **3 DEBTORS** |Gift Aid Receivable St John's
Gift Aid Receivable St Peter's||**2024**
£
11,750
1,727|**2023**
£
1,800
1,910| |---|---|---|---| |||13,477|3,710| - **4 CASH AT BANK AND IN HAND** |St John's
Current Account
Reserve Account
Pennywell Drive Account
Cash in Hand
St Peter's
Current Account
Reserve Account
**CREDITORS (Amounts falling due within one year)**
HMRC
Accruals
Utilities (inc £573 St Peter's)
Audit Fee
Mission Tithe
Roof||**2024**
£
100
48,416
6,845
29
13,364
4,116|**2023**
£
100
48,224
2,742
20
13,609
4,057| |---|---|---|---| |||72,870|68,752| |||**2024**
£
681
1,998
2,223
450
11,775
-|**2023**
£
333
20
1,914
450
10,125
2,150| |||17,127|14,992| - **5 CREDITORS (Amounts falling due within one year)** 9 ## **ST JOHN'S CHURCH, WALTON INCLUDING ST PETER'S HOLYMOORSIDE** ## **NOTES TO THE ACCOUNTS (cont)** ## **6 MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|| |---|---| |**Restricted Funds:**
St John's Walton
St Peter's Holymoorside
Total Restricted Funds
**Unrestricted Funds**
St John's Walton
St Peter's Holymoorside
Total Unrestricted Funds
**St John's Designated Fund**
**Total Funds**|**Balance at**
**Incoming**
**Outgoing**
**Transfers**
**Balance at**
**01-Jan-24**
**Resources**
**Resources**
**31-Dec-24**
**£**
**£**
**£**
**£**
**£**
248,000
10,644
-7,636
2,754
253,762
553
800
-2,840
-
-1,487| ||248,553
11,444
-10,476
2,754
252,275
36,806
168,383
-156,646
-2,302
46,241
19,023
23,163
-22,065
-
20,121| ||55,829
191,546
-178,711
-2,302
66,362
1,088
12,860
-14,913
-452
-1,417| ||305,470
215,850
-204,100
-
317,220| ## Restricted Funds These are funds that must be spent on restricted purposes ## Unrestricted Funds These represent PCC funds that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC ## Designated Funds These are funds set aside from the General funds of the PCC for a specific purpose, notably the Roof Appeal project 10