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2024-12-31-accounts

HOLY TRINITY CHURCH BRAMLEY PAROCHIAL CHURCH COUNCIL Registered Charity No. 1128620

ANNUAL REPORT

and

FINANCIAL STATEMENTS

For the Year Ended 31 December 2024

Incumbent

Revd. Andy Davis to 11.1.24

Vacancy 11.1.24 to 31.12.24

Bankers

Lloyds TSB 147 High Street Guildford GU1 3AG

Independent Examiner

Colin Holloway Tanhurst High Street, Bramley GU5 0HS

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HOLY TRINITY CHURCH, BRAMLEY PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR 2024

Administrative Information

Holy Trinity Church is situated in Bramley High Street. It is part of the Diocese of Guildford within the Church of England. The correspondence address is: Parish Office, Holy Trinity Church, High Street, Bramley GU5 0HD.

GOVERNANCE

PCC Membership for year 2024

Incumbent

Revd. Andy Davis to 11.1.24 vacancy thereafter.

Wardens Mrs Suzanne Oldrey Unfilled to 28.4.24 Mrs Catherine Ingram Smith from 28.4.24

Representatives on the Deanery Synod

Mrs Barbara Mintz Mrs Suzanne Oldrey

Elected Members

Mrs Patti Hassell to 12.9.24 Mrs Jill Mussett Mrs Sue O’Connell Mr Peter Williams Mrs Penny Dyson 28.4.24 to 1.7.24

In attendance

Mrs Monica Snelling

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Church Electoral Roll and stand for election to the PCC.

Objectives and Activities

The PCC has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for all the Church buildings, and 7 Park Drive

Public Benefit

The PCC, as Trustees, have had regard to the Charity Commission’s public benefit guidance. Holy Trinity promotes the advancement of religion for the public benefit by the provision of regular church services and other activities open to all and contributing to the spiritual and moral education of both

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adults and children. The church was open daily to all for private contemplation and prayer. The Parish Room was available for church use and for the community.

Church Attendance

There were 57 Parishioners on the Church Electoral Roll at the end of 2024, of whom 8 are not resident within the Parish. The average usual Sunday attendance was 30 adults. These figures do not include boarding pupils of St Catherine’s School, who attend in term time.

PCC activity

The PCC met 6 times with an average attendance of 82%. The Finance Sub-Committee met between PCC meetings and reported to the next PCC meeting.

FINANCIAL REVIEW

A comprehensive review of the PCC’s finances was undertaken in January 2023 and action agreed by the PCC, both short and long term, to address the problem of the continuing General Fund deficit, made worse by a significant increase in energy costs. The level of the Parish Share at £75,000 was unsustainable in the longer term but it should be noted that some £65,000 of this is the contribution towards clergy stipends, pensions, housing and training - that is the cost of having a full time Vicar. For 2025, with the coming back together of the Parishes of Holy Trinity Bramley and St Andrews Grafham as a United Benefice this will reduce to £65,000 for 2025

The annual 31.12.24 revaluation of investments saw the value increase by £11,795 compared with 31.12.23.

Support of the Parish Giving Scheme was maintained with the majority of donors opting for an annual inflationary increase in their donations. This is much appreciated. Those generous donors with fixed standing orders or who use the weekly envelopes scheme are encouraged to switch to the PGS scheme, which improves cash flow and reduces administrative work considerably. Some standing order donations have remained unchanged for some years. During 2024 sadly some standing orders and PGS donations ceased through deaths. No legacies were received in 2024.

The analysis of income and expenditure which is a later part of this report shows some ups and downs, but no major surprises. As noted above, most forms of regular giving have held up in cash terms, but there were some departures. Unfortunately, as in previous years, regular giving did not increase in line with inflation. Rent of 7 Park Drive improved with a regular tenant and a higher rent but there were some landlord maintenance costs. Expenses were kept under control. There was, however, a deficit of £21,511 on the General Fund (unrestricted funds) in 2024. (2023 deficit £17,354).

The balance sheet shows an apparently healthy level of total funds at £1,079,386 (2023 £1,087,461). It must be noted however that, unless the Diocese and the Charity Commission (supported by the PCC) agree otherwise (as they have done in the past to allow the urgent electrical work to be undertaken), we are entitled to only the income from our endowment funds, and that only for the restricted purposes of the individual endowment funds. The breakdown of the balance sheet at end 2024 is:- Unrestricted £0 (2023 £20,489), Designated £14,503 (£15,041), Restricted £550,281 (£547,390) and Endowment £514,602 (504,541)

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The income from the Hamilton Memorial, Maintenance Endowment Fund, and various small endowment funds are restricted to particular uses as determined in the endowments. Various other Funds, including Bells, also have their use restricted to particular purposes, but are not endowment funds. Details of all investments, which are regularly reviewed, are shown in the attached balance sheet.

Deposit Account interest rates maintained 2023 levels and deposit interest was stable at £2,043 (2023 £2,117). A new Lloyds Deposit swift access account was opened to assist in managing cash flow and to gain some interest from day-to-day surplus funds. At the 2024 year end this held £13,044.

Looking ahead, challenging financial circumstances remain in 2025. Parish Share as noted above will decrease but other expenses will likely increase in line with inflation, which is expected to be at least 3% in 2025 on average. There has been a welcome, but not huge, reduction in our energy costs. The decrease in the General Fund reserve to zero means that urgent action is needed if we are to meet day-to-day expenses without using the restricted funds in the Buckingham Fund as now permitted with PCC approval. As noted above, this is being addressed by the PCC.

Reserves Policies

The reserves indicated as Unrestricted in the Balance Sheet are for the general purposes and mission of the PCC and are also held to provide for contingencies in the running costs. The reserves, as noted above are currently zero, however Buckingham Restricted Funds (currently £467,387) are available, subject to annual agreement of the PCC, to cover any deficits in the General Fund. Apart from Buckingham, Restricted Reserves held in restricted funds are for the purposes of those funds only. Designated Reserves held in designated funds may be re-designated, including to general purposes, upon resolution of the PCC.

Other Policies

The PCC or its committees have reviewed policies relating to Child Protection, Safeguarding and Health and Safety. The PCC is insured with the Ecclesiastical Insurance Co. under the Diocesan group insurance scheme.

GENERAL NOTES ON ACCOUNTING POLICY FOR THE YEAR ENDED 31 DECEMBER 2024

The PCC has various related trusts, notes on which are included in this report . The trustees of the Hamilton Memorial Trust are the Vicar and Churchwardens and the trustees of the remaining trusts are generally collectively the members of the PCC. The PCC is consulted on and approves the activities of all the trusts, receiving advice from the Finance Committee comprising in 2024 Sue Oldrey (Chairman and Churchwarden), Catherine Ingram Smith (Churchwarden, from 28.4.24), Murray Campbell, Richard Gates (Treasurer), Iain Allan and Monica Snelling (Parish Administrator)

Accounting Policies

The Accounts have been prepared in accordance with the Charities Act 2011, Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Standards of Accounting Practice (SORP 2015).

The financial statements have been prepared on the basis of receipts and payments and under the historical cost convention except for the valuation of investment assets and liabilities which are shown at market value at 31 December 2024 (or nearest trading date prior to that). The financial

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statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of informal gatherings of church members.

Funds

Endowment funds are funds, the capital of which must be maintained and therefore in principle is not available to the PCC (in the case of the Hamilton Memorial Fund and the Maintenance Endowment Fund, up to 2/3 of the capital may be borrowed, but must be repaid before any income can subsequently be used). In certain circumstances the Charity Commission may, upon the formal request of the PCC, grant permission for capital funds to be spent. Income arising from an endowment fund may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Investments for endowment funds (including 7 Park Drive as property, although not an endowment) are held by Guildford Diocese Central Board of Finance as Custodian Trustee; however income from those investments is paid directly to the PCC. Investments may be changed following a recommendation from the Finance committee and a resolution from the PCC. No changes were made in 2024; however there were movements between Funds to align the cash position. Details of all funds are attached to this report.

Restricted funds represent (a) income from trusts or endowments, which may be expended only on those restricted objects in the terms of the trust or bequest and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object and any balance remaining unspent at the end of each year is carried forward as a balance on that fund for use in future years.

Designated funds are unrestricted funds nominally set aside for specific purposes by the PCC. Designations can be changed by the PCC.

Unrestricted funds are general funds, which can be used for PCC ordinary purposes.

Incoming Resources: Planned giving, collections and donations are recognised when received. Tax refunds are recognised when received and claims are made quarterly, except for the Parish Giving scheme where Gift Aid is received monthly. Grants and legacies are accounted for when the PCC receives the amounts due. Dividends and interest are accountable when received. All other income is recognised when it is received.

Resources Expended: Grants and donations are accounted for when paid over. The Diocesan parish share is accounted for when paid. All other expenditure is recognised when it is paid.

Fixed Assets Consecrated and benefice property is not included in the accounts [Charities Act 2011].

Moveable church furnishings are held by the Vicar and Churchwardens on special trust for the PCC. They require a faculty for disposal and are inalienable property, listed in the church’s inventory, which can be inspected at any reasonable time. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. The Value of all Tangible Fixed Assets purchased has been written off.

PCC Expenses

During the year, no material expenses or other benefits were paid to PCC members.

Signed On behalf of the PCC Dated .

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Independent Examiner's Report to the PCC

This report on the accounts of the PCC for the year ended 31 December 2024, being pages 1 to 6 above, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and s.145 of the Charities Act 2011(the Act).

As the members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirements of s.144(2) of the Act do not apply. It is my responsibility to examine the accounts and issue this report on these accounts in accordance with s.145 of the Act and the Regulations.

I report in respect of my examination of the Trust’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)9b) of the Act.

Independent Examiner’s statement

I have completed my examination. I confirm no material 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 Trust as required by section 130 of the Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of the 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.

Signed Name Colin Holloway

Date

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Balance Sheet as at 31[st] December 2024

As at 31/12/2024 As at 31/12/2023
£ £
Fixed Assets
Tangible Assets (7 Park Drive) 450,000 450,000
Investments (Note 1) 580,521 568,726
_
_
1,030,521
1,018,726
Current assets
Cash at Bank and in hand (Note 2) 48,865
68,735
Net current assets 48,865
68,735
Liabilities 0 0
Total net assets less liabilities 1,079,386
1,087,461
Represented by:-
Unrestricted General Fund 0 20,489
Designated Toddlers Fund 201 201
Bramley Music 1,963 2,515
Families 12,326
12,259
Parish Lunches 13 66
Restricted Bells 3,036 3,000
(Note 3) Fabric 2,496 2,625
Hamilton Memorial 26,324 22,699
Maintenance End’t 49,387 41,624
Pim Trust 1,243 852
Other small funds
408
297
Buckingham 467,387
476,292
Endowment
Hamilton Memorial 102,912 102,028
Maintenance End’t 388,115 379,407
Pim Trust 8,245
8,093
Other small funds
5,501
5,392
Endow’t Gen Purpose 9,829 9,621

1,079,386 1,087,461

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Note 1
CBF income 393,798
384,986
M&G Charibond 28,432
29,470
M&G Charifund 158,291 154,270

Value at : 31.12.24 £580,521 31.12.23 £568,726

Full titles : The CBF Church of England Investment Fund – Income shares (CCLA managed)

Charibond - Charities Fixed Interest Common Investment Fund (Charibond) (M&G managed)

Charifund The Equities Investment Fund for Charities (Charifund) (M&G managed)

Note 2

CBF CCLA Deposit Account
33,408 51,473
Cash at Lloyds Bank current account 1,975 3,591
Lloyds Deposit 13,044 12,935
Cash in hand 438
736
Total £48,865 £68,735

Note 3

Restricted funds with the same name as endowment funds represent the accumulated unspent income from the associated endowments.

Agreed by Bramley Parochial Church Council on

and signed on its behalf by

Revd William Davie (Chairman)

Date

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Statement of assets by Fund at 31.12.24

Statement of assets by Fund at 31.12.24 Statement of assets by Fund at 31.12.24 Statement of assets by Fund at 31.12.24
Note – in the case of Endowment funds, accumulated unspent income, which is
available for the purposes of the fund, is shown separately from the endowment
assets, which are not available. These accumulated unspent funds are either 1.
Unrestricted(use for any purpose), 2.Designated(for a particular purpose,
but may be re-designated), or 3.Restricted(only for the purpose of the fund)
Bells
£ £
TotalRestricted 3,036
Represented by: CCLA Deposit Account 3,036
Total 3,036
Bramley Music
TotalDesignated 1,963
Represented by:
CCLA Deposit Account 1,944
Cash in hand
19
Total 1,963
Buckingham
TotalRestricted 467,387
Represented by: CBF Income shares 17,387
7 Park Drive
450,000
Total 467,387
Note: income is direct to General fund
Endowment (General Purposes )
TotalEndowment 9,829
Represented by: CBF Income shares 9,296
CCLA Deposit account 533
Total 9,829
Note: Endowment GP income is direct to general Fund

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Fabric (formerly Dick Whalley Memorial)

TotalRestricted
Represented by:
CBF Income shares
Bank Current account
CCLA Deposit Account
Total
2,496
689
146
1,661
2,496
Families
TotalDesignated
Represented by:
Bank Current Account
Bank Deposit Account
Total
Hamilton Memorial
TotalRestricted
Represented by: CCLA Deposit account
CBF Income shares
Bank Current account
Total
TotalEndowment
Represented by: CBF Income shares
M & G Charibond shares
CCLA Deposit account
Bank Current account
Total
12,326

130
12,196

12,326
26,324
14,211
11,513
600
26,324
102,912
73,812
20,992
8,000
108
102,912

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Maintenance Endowment

TotalRestricted
Represented by: CBF Income shares

CCLA Deposit Account
Cash in hand
Total
TotalEndowment
Represented by: CBF Income shares
M & G Charibond units
M & G Charifund units
Total
Other Small funds
TotalRestricted
Represented by: Bank Current account
CCLA Deposit Account
Cash in hand
CBF Income shares
Total
TotalEndowment
Represented by: CBF Income shares
Bank current account
CCLA Deposit Account
Cash in hand
Total
49,387
47,732
1,649
6
49,387
388,115
228,377
7,439
152,299
388,115
408
101
3
144
160
408
5,501
4,832
207
409
53
5,501








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Parish Lunches
TotalDesignated
Represented by: Cash in hand
Total
Pim Charities
TotalRestricted
Represented by: Bank Current account

Bank Deposit account
Cash in hand
Total
TotalEndowment
Represented by: M & G Charifund units

Bank current account

CCLA Deposit Account

Total
Toddlers
TotalDesignated
Represented by: Bank Current account
Cash
Total
General Fund
TotalUnrestricted
Total all funds
13
13
208
848
187
1,243

5,992
290
1,963
8,245

186
15
201
13
1,243
8,245
201
0
1,079,386

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For information

Charities and Organisations supported in 2024

Cathedral d
Royal British Legion cc
RCM c
St Andrews d
Oakleaf c
Wednesday Club c
RNIB cc
Total
£
20
187
700
802
915
670
350
3,644

Annotations: c-Concert, cc-Church collection, d-direct PCC donation, This compares with £7,806 in 2023

Please note these figures do not necessarily directly correlate with the published accounts - the above figures include support given when the charity has collected the money directly or been paid directly rather than through our accounts. There may also have been further unrecorded donations.

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Holy Trinity Bramley

Statement of Financial Activities

Select period: 01 January 2024 to 31 December 2024

_______ Total
Unrestricted Designated Restricted Endowment This year Last year
Income and endowments from:
Donations and legacies 55,346 1,500 56,846 83,512
Income from charitable activities 4,816 4,816 5,325
Other trading activities 2,088 1,562 3,650 2,641
Investments 12,080 718 21,463 34,262 31,207
Other income
Total income 74,331 2,280 22,963 99,576 122,686
Expenditure on:
Raising funds 438 52 491 333
Expenditure on charitable activities 95,402 2,419 21,132 118,954 231,024
Other expenditure
Total expenditure 95,841 2,471 21,132 119,445 231,357
Gains / losses on investment assets 389 1,345 10,061 11,795 30,612
Net income / (expenditure) resources before transfer (21,509) 197 3,175 10,061 (8,074) (78,059)
Transfers
Gross transfers between funds - in 23,279 13,585 53,813 52 90,730 706,058
Gross transfers between funds - out (22,258) (14,321) (54,097) (52) (90,730) (706,058)
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use
Net movement in funds (20,489) (537) 2,891 10,061 (8,074) (78,059)
Reconciliation of funds
Total funds brought forward 20,489 15,040 547,390 504,540 1,087,460 1,165,519
Total funds carried forward
14,502 550,281 514,601 1,079,385 1,087,460

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Holy Trinty Bramley

Analysis of Income and Expenditure

For the period 01 January 2024 to 31 December 2024

Total

Unrestricted Designated Restricted Endowment This year Last year
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Income and endowments
Donations and legacies
0101 - Gift Aid - Bank 30,193.84 30,193.84 32,010.39
0110 - Gift Aid - Envelopes 2,600.00 2,600.00 2,580.00
0201 - Other planned giving 960.00 960.00 960.00
0301 - Loose plate collections - services 4,781.17 4,781.17 5,704.12
0302 - Loose plate collections - 100.00 100.00 415.60
weddings/funer
0501 - One-off Gift Aid gifts - services 338.00 338.00 824.00
0503 - One-off gift aid gifts - concerts 10.00
0550 - Donations appeals etc 5,999.66 5,999.66 5,860.17
0601 - Tax recoverable on Gift Aid 10,373.40 10,373.40 13,365.96
08A1 - Non-recurring one-off grants 20,046.44
0901 - Parish Lunches 236.00
0905 - Fabric Fund Collections 1,500.00 1,500.00 1,500.00
Donations and legacies Totals 55,346.07 1,500.00 56,846.07 83,512.68
Income from charitable activities
1101 - Fees for weddings and funerals 1,991.60 1,991.60 2,040.00
1230 - Church hall lettings - objectives 2,824.80 2,824.80 3,285.00
Income from charitable activities 4,816.40 4,816.40 5,325.00
Totals
Other trading activities
0902 - Piano fund Income 419.32 1,562.07 1,981.39 685.80
0910 - Cake and Plant sale 1,604.34 1,604.34 1,955.80
1220 - Bookstall sales - fund raising 20.00 20.00
1240 - Church hall lettings - fund raising 45.00 45.00
Other trading activities Totals 2,088.66 1,562.07 3,650.73 2,641.60
Investments
1001 - Dividends 828.80 346.73 20,478.00 21,653.53 22,028.76
1020 - Bank and building society 686.50 371.70 985.69 2,043.89 2,116.81
interest
1030 - Rent from lands or buildings 10,565.39 10,565.39 7,061.51
Investments Totals 12,080.69 718.43 21,463.69 34,262.81 31,207.08
Income and endowments 74,331.82 2,280.50 22,963.69 99,576.01 122,686.36
Grand totals

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Total
Unrestricted Designated Restricted Endowment This year Last year
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Expenditure
Raising funds
2311 - Parish Room expenses 438.79 52.56 491.35 333.72
Raising funds Totals 438.79 52.56 491.35 333.72
Expenditure on charitable activities
1850 - Home mission 822.17 822.17 20.00
1870 - Secular charities 230.55 50.66 281.21 1,632.00
1910 - Ministry parish share etc 74,513.39 74,513.39 68,859.02
2101 - Working expenses of incumbent 1,492.57
2130 - Parsonage house expenses 753.36 1,644.14 2,397.50 2,732.02
2150 - Vicar's telephone 458.23 458.23 877.70
2301 - Church running - insurance 2,941.97 2,941.97 2,816.81
2310 - Church office - telephone 450.22 450.22 381.69
2320 - Organ / piano tuning 1,648.00 1,648.00 858.00
2330 - Church maintenance 5,362.73 5,362.73 110,387.78
2331 - Cleaning 2,928.00 2,928.00 2,778.00
2340 - Upkeep of services 7,441.67 500.00 7,941.67 7,030.51
2350 - Upkeep of churchyard 490.00 490.00 277.93
2360 - Administration 3,305.39 220.49 3,525.88 2,884.52
2401 - Church running - electric 2,110.13 899.38 3,009.51 3,842.40
2410 - Church running - gas 2,375.13 1,187.55 3,562.68 8,421.05
2840 - Other PCC property upkeep 8,621.17 8,621.17 15,732.04
Expenditure on charitable 95,402.21 2,419.15 21,132.97 118,954.33 231,024.04
activities Totals
Expenditure Grand totals 95,841.00 2,471.71 21,132.97 119,445.68 231,357.76

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