THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
## BOLDMERE ST MICHAEL’S
Annual Report & Financial Accounts
For The Year end 31[st] December 2024
1
## CONTENTS
**Trustees‘ Annual Report ….……………………….Page 3**
**Independent Examiners Report………………...Page 12**
**Statement of Financial Activities ……………..Page 13 Balance Sheet ……………………………………Page 15**
**Notes to the Accounts………………………… Page 16**
2
## **2024 TRUSTEES’ ANNUAL REPORT**
## **Members:**
## **PCC Membership as of December 2024**
The PCC membership is made up of: Clergy licensed to the parish (eg. Vicar, curate) Church Wardens (2) Deanery Synod (4) Any Diocesan Synod Members Elected PCC Members (12) **Current Membership is:**
**Clergy**
Rev Gary Birchall Rev Simon Cocks ( left 29.09.24) Rev Matt Mason ( joined 25.04.24)
**Wardens (2)** Peter Swaine 2015 – 2024 (Term expired 30.05.24) Pam Baxter – 2024 – 2025
**Deanery Synod (4)** Jan Peel 2023 – 2026 (Three vacancies) **PCC (12)** (Four vacancies) Edwina Connell 2019-2025 Treasurer Gary Connell 2023-2026 Elaine Riley 2020-2026 Michael David 2020-2026 Hilary Harrison 2020-2026 Mark Williamson 2022 – 2025 Margaret Smoldon 2020-2026 Diana Boateng 2023 – 2026 Matthew Lumley 2023 – 2026 Chris Braniff 2024-2027 (resigned 24.10.24) Philip Thebridge 2024-2027 Soran Yousefi 2024-2027 Mark Edmonds Co-opted 18.07.24 as Chairperson of the Building Group
The PCC is also empowered to Co Opt members if required. There is a limit to how many people can be co-opted in proportion to elected members.
Rev Gary Birchall was off as long term sick from June 2024 until the end of the year.
3
## **Structure, Governance and Management**
Members of the PCC are ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
The PCC operates through a number of committees, which meet between full meetings of the PCC and report in to the PCC:
**Standing Committee** This is the only committee required by law. It has power to transact the business of the PCC between its meetings subject to any directions given by the Council.
**Finance Committee** Oversees the general financial dimension of the work of St Michael’s by monitoring income and expenditure, budgeting and co-ordinating the annual review of the Christian Stewardship of money through planned giving.
**Building Working Group** Established to undertake a review of all Church Buildings and Properties to consider financial viability to maintain the properties in a fit for purpose state and achieve the C of E aim to be carbon neutral by 2030
**Mission Agency Support Committee** The Committee disbanded in early 2024. Phil Thebridge has taken on the role to recommend to he PCC allocation of mission giving to promote awareness of the Gospel, to support and raise funds for mission organisations and mission partners.
**Social Committee** To arrange social functions for the benefit of all members of St Michael’s and their friends.
**Community Outreach Committee** To extend the work and influence of St Michael’s within the Parish.
## **Objectives and activities**
St Michael’s PCC has the responsibility of promoting within the Ecclesiastical Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St Michael’s.
**Public Benefit** The members of the PCC have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aim and objectives of the PCC and in planning any future activities. In particular, the members have considered how planned activities will contribute to the aims and objectives set.
## **Boldmere, St Michael’s PCC 2024 Annual Report & Accounts March 2025**
**Church attendance** There are 139 (2023: 141) parishioners on the Church Electoral Roll. The usual Sunday Church attendance was 72 adults and 11 children under the age of 16. The 10am service was also live streamed via YouTube with an Evening Service at 6pm. Friday communion is offered at the Place of Welcome with an average 10 attendees.
4
On Easter Sunday 145 people attended Church
214 people attended Christmas services across Christmas Eve and Christmas Day.
3 weddings / 13 Church funeral services / 14 internment of ashes / Baptisms 12
## **Report of the activities of St Michael’s Parochial Church Council (PCC) in 2024**
This report covers the decisions made by the PCC during 2024 but excludes financial decisions and reports on the buildings that come under the care of St Michael’s PCC, which are included elsewhere in this document.
The PCC met 9 times in 2024 with an additional extraordinary meeting in November. The meetings were co-chaired by Rev Gary Birchall and Lay Chair, Hilary Harrison in January to June and Hilary Harrison in the second half of the year as Rev Gary Birchall was signed off work.
Each meeting begins and ends with prayer, apologies are received, attendance recorded, minutes of the previous meeting received, updated if necessary and accepted.
Purposefully the PCC then continues with sharing Good News items to remind ourselves of the things that are observing what God is doing in the life of the church and in our own personal lives. This serves to remind us of the purpose of why we oversee the governance of St Michael’s Church as trustees.
2023 saw significant time given over to Finance, Health and Safety and decisions regarding the buildings that St Michael’s PCC has care and responsibility for.
All PCC members are to be thanked for their commitment to St Michael’s Church for their time, wisdom, energy and dedication especially during the absence, in the second half of the year, of Rev Gary Birchall.
The PCC thank Rev Gary Birchall for his service to St Michael’s Church for the past 10 years given his notice to formally retire from 8[th] January 2025.
## **Appointments & Moves**
Rev Matt Mason joined St Michael’s Church in April to continue his curacy in Birmingham Diocese. He was licensed to St Michaels Church on 14th June 2024
Aubry Clark, an ordinand at Queens, came for a placement at St Michael’s from the 28th April 2024 for 10 weeks
Rev’d Simon Cocks left St Michael’s to take up a new role as a Priest in Charge at All Saints Four Oaks and St James on the Hill on the 29th September 2024
Pete Swaine stepped down, after 9 years of being Church Warden, on the 30th May 2024 with a celebration to recognise his service on 30th June 2024
5
The PCC approved the recommissioning of Pastoral Care team members Peter Edmonds, Fran Lumley, Helen Menniss, Margaret Smoldon and Trudy Walsh which was undertaken on the 29[th] September 2024
Mark Edmonds was co-opted to the PCC on 18 July 2024 until the APCM in May 2025 . This was in his capacity as Chairperson of the Building Group
The Right Rev’d Michael Volland was installed as Bishop of Birmingham on the 2nd March at a service of Welcome held at Birmingham Cathedral. Pam Baxter and Elaine Riley attended from St Michael’s
## **Boldmere, St Michael’s PCC 2024 Annual Report & Accounts March 2025**
## **Safeguarding**
St Michael’s has a Parish Safeguarding Officer (PSO), Gail Adams, and a Parish Identity Verifier, Elaine Riley who work together with the clergy to make sure the church is compliant with all requirements around reporting.
The PCC re-adopted the 'Responding to Concerns & Allegations policy' which is in a standard format issued by the C of E Diocese.
The PCC re-approved the Recruitment of Ex-offenders’ policy statement and Safeguarding promoting a safer church.
The PCC noted the actions required to complete Level 3 of the Parish Dashboard with owners identified with owner oversight by the PSO.
The PSO asked the PCC to note that she was taking over as lead for safer recruitment when there is no incumbent present. Rev Gary Birchall retires 8[th] January 2025. A process is being put in place and meetings are taking place to ensure that everyone involved knows what they have to do.
## **The Place of Welcome**
St. Michael’s Place of Welcome meets every Friday between 10am-12noon in the South Aisle. It is intended as a safe space where people can have free tea, coffee, toast, and biscuits. They will find listening ears and a chance to talk. It is also part of a network of ‘Warm Spaces’ where people struggling to heat their homes know that they can come and be warm and welcomed.
At 11am each week we have a service of Holy Communion in the Epiphany Chapel. At present we average 8-12 communicants. We are grateful to the team of clergy and Readers who have maintained worship each week.
6
## **Health & Safety**
Following a meeting of the PCC on 25th April it was identified that a complete review of Health and Safety procedures was required. As a result, a full initial landscape position was undertaken. With reference to Ecclesiastical risk resources a plan was developed to address gaps and update procedures and documentation.
The PCC approved the Health and Safety overall policy with areas reviewed and refreshed to date being: Lone working, Display Screen Equipment, Manual Handling, Working at Heights, Legal Signage, Fire Safety, First Aid and Accidents, Slips and Trips, Hazardous Substances, Asbestos, Bell Ringing, Churchyard, Contractors, Food and Hygiene.
Matt Lumley and Elaine Riley attended a Fire Marshalling course by an external training company in November and are now accredited for 3 years and Level 2 Food Hygiene certificates were obtained by Trudy Walsh, Helen Menniss, Margaret Smoldon, Jane Newsome, David Newsome, Debbie Swaine, Gill Day, Tayesha David, Jan Peel , Pam Baxter and Noel Baxter which are valid for 3 years.
## **Finance Review**
## **Income**
Total unrestricted fund income was £192,610 of which £81,559 was unrestricted voluntary income consisting of £56,685 regular giving, £2,898 collections at services, £3,114 as a legacy gift and one-off donations, a £5000 grant from Birmingham City Council for opening as a warm space and gift aid received of £13,888.
Fund raising activity generated £3,423 mainly via the Summer Craft Market and Christmas Fayre.
Income on investments generated £93,947 being £16, 400 on rental income of Southam Drive and the balance being interest on deposit or dividend on investment. Of this £64,271 was designated to the Building Project Fund.The capital invested being generated from the Sale of the Church Hall, sale of Moorfield Court and also monies received when the Church Road Vicarage was sold.
Church Activities £13,679 being predominantly Parochial Fees and Hire fees.
Restricted income of £7,209 was received of which £3,467 being either donations or memorial gifts, £2497 of Epiphany Trust fund investment income and £1,245 being income restricted to the Flower Guild or Bell Ringers.
In 2024 overall voluntary income reduced by £2,637 from 2023 being a 4.4% reduction. Eight donors were lost, two donors decreased their giving, three donors increased their giving, and one new donor joined the Parish Giving Scheme. In addition, fourteen regular givers have opted to increase their donations each year index linked
## **Expenditure**
Unrestricted expenditure was split between Church activities of £166,713 and costs associated with generating funds of £6,242.
7
Common fund remained at the 2023 sum of £58,000 which in percentage terms accounts for 34.8% of Church Activity Expenditure and in 2024 30% of total unrestricted income.
Mission giving continues to be calculated as 5% of unrestricted voluntary regular income in 2024 being £3,690.
Other large costs include £7,052 in wages, £6965 Churchyard, office administration costs £2,731, church services £3,772, maintenance and improvements £4,728, cleaning and hygiene £3,215, Insurance £6,424, Safety and Security £2,441 with Church Utilities £11,475. The Church utility cost rose by £2,261 from 2023 representing 24.5%.
Building project costs amounted to £45,674 being payment of professionals such as Architects, Heating Engineers, Business Consultants and for planning permissions.
The AV sound was depreciated by £2,175 with one year remaining.
The main cost of generating funds was the management fees of Southam Drive agent.
The PCC reviewed and re-approved the Reserves and Investment of Funds Policy together with the Financial Controls policy.
The PCC approved the following new policies: Conflicts of interest policy and the Trustees Expenses policy.
The PCC approved signing a SLA agreement with Birmingham Diocese Board of Finance in respect of the book-keeping licence fee for myfundaccounting together with a fee for Data Developments to provide an extract of reports from myfundaccounting for the end of year accounts total cost £360.
The PCC agreed to the new signing arrangements for the CCLA Deposit and Investment Fund. Rev Gary Birchall was removed and in addition to Edwina Connell ( Treasurer) and Pam Baxter ( Church Warden) the following were added Hilary Harrison ( Lay-Chair) and Mark Edmonds ( Trustee and Finance Committee Member) . The mandate remains as a 2 to sign instruction.
The PCC approved a change in Trustees to the Epiphany fund following the sad passing of Pat Tenant in August. Elizabeth Carr and Edwina Connell remain as Trustees with Peter Edmonds and Hilary Harrison being appointed as new Trustees. The Epiphany account mandates have been updated to reflect the changes and remain 2 to sign on all instructions.
## **Building Project**
2024 has been taken up by the design and development of the plans for the church to keep in focus the 3 priorities:
1. To create a more suitable for our worship.
2. To make the church carbon neutral by 2030 in line with the Diocesan directives.
3. To create a church hub for community activity, not only with financial benefit, but with the intention of encouraging more people to become active members of the Church.
8
We have worked with Communion Architects and ESDP services consultants, who have proposed a heating system using primarily air source heat pumps and solar panels. We have developed several policies and documents required by the Diocese, including a Statement of Need, and a Statement of Significance. Additionally, we have employed a consultant, David Clarke, to prepare a business case for the building work proposals.
The PCC approved the move to the next stage of developing and detailing the outline plans into working documents which were subsequently submitted for DAC Faculty approval, and for planning permission.
Several specialist contactors have been met, so that we could be informed about design possibilities and costs and keep checks on the design consultant’s proposals. Meetings have been held with potential users of the Church, and we have liaised with Councilor Rob Pocock.
The initial pre-planning application for the car park has been accepted in principle.
It was decided that it was not in our best interest to apply for listed building status as it could limit our intentions.
The Diocese has been kept informed of the proposals at various stages and have agreement in principle for the proposed work.
Fund raising consultant, Andrew Day, was engaged to outline a plan for a campaign. Put on hold at the end of the year when we heard of Rev Gary’s intention to retire
During 2024 the PCC approved the following financial requests:
£6500 for the re-design and revision to budget
£10,000 to cover any costs for pre-planning, planning applications, and early ordering
£106,000 & VAT to instruct the architects to prepare the detailed drawings for the project
£4000 & VAT to reapply for listed building status if the Building Group agree there is clear benefit. This was not taken forward.
£1344 to pay the PQS (Steven Austin) for preparing the draft budget
£5000 for other possible design development work to be used at discretion of the building group, to avoid potential delays. This would be brought to the next PCC for ratification, and possible replenishment.
The PCC also approved the initialisation of a covenanted giving scheme from the congregation and wider, together with a fund raising scheme costing £12k & Vat and a brochure £3k . This was put on hold in November.
Actual spend in 2024 was £44,310 which includes storage hire costs. Committed spend carried forward £77,738. Total amount spent to date £77, 205
9
## **Fabric & Churchyard**
Gary Connell volunteered on 18th July 2024 to oversee Fabric and the Churchyard following Pete Swaine standing down in May 2024.
## **Church Building:**
A number of major maintenance issues were resolved over the year including:
Installing new earthing rod to the main church.
Updating the main Electrical Board with the correct surge resistor.
Disconnecting the Churchyard Store earth cable from the main electrical board and installing a new earthing rod to the churchyard store, together with re-fitting out lighting and sockets damaged by previous lightning strike.
Installing three high level wall heaters within the South Aisle as main heaters, allowing the old floor standing heaters to be used only as back in very cold conditions.
Lychgate; moss and algae cleaned off roof, rotten roof battens replaced, broken/ missing tiles replaced and anti-algae solution applied to roof.
South Aisle roof and porch gutters cleaned out.
Southam Drive property: Preferential Properties oversee all maintenance issues for this property which are dealt with accordingly and in line with our Landlord legal requirements.
## **Churchyard:**
A Topple test was carried out by a number of volunteers and several headstones were taken down and laid adjacent to the grave, due to their unstable condition and safety concerns to the public.
All perimeter hedges have been cut back and made tidy.
All overhanging branches throughout the churchyard area have been cut back.
Maintenance to all trees and grassed areas continues at regular times.
Rubbish bins are in fixed positions throughout the churchyard and volunteers are emptied on a regular basis.
The problem of falling leaves onto hardstanding areas and footpaths continues to require volunteers for regular clearing throughout the year.
The churchyard external bund is fast approaching capacity and a work party is planned for the emptying into skip, along with the clearing out of the store to allow for additional church storage space.
10
## **Hands at Work**
David and Jane Newsome spoke to the PCC about the work of Hands at Work in Africa and specifically to ask if the PCC would be supportive of St Michael’s entering into a partnership with one of the poorest communities in Africa. The PCC agreed in principle for St Michael’s to form a partnership with Hands at Work in Africa subject to further work being undertaken to understand how it would best work in practice.
## **Fund Raising Activities involving local Traders**
It is a requirement of our insurers, Ecclesiastical, that if non-church traders sell goods or services at a Church event then the PCC needs to ask to see a copy of their Public Liability Insurance. The PCC approved where a church member independently has a stall selling ‘low risk’ items such as knitted items then the Standing Committee have authority to decide where to waive the PLI requirement.
## **Clergy Travel Expenses**
The PCC approved paying reasonable travelling expenses to and from the Parish where the clergy member lives outside of their Parish.
## **Archdeacon Visit**
The Venerable Archdeacon Philem O’Hare was invited to attend a PCC meeting on 21st November 2024 given the notification of Rev Gary Birchall’s retirement with effect from 8th January 2025. He confirmed that once the position of the incumbent is vacant, Ann Richardson, Area Dean, will be the point of reference.
Philem and Ann will attend an extraordinary PCC meeting early in the New Year to provide guidance on working through the interregnum and the process for appointing a new Vicar.
## **Staff Handbook**
The PCC approved an update Staff handbook containing policies shared by Birmingham Diocese which comply with Statutory and Legal requirements.
11
**INDEPENDENT EXAMINER’S REPORT**
## **Accounts for the year ended 31[st] December 2024**
## **Respective responsibilities of the Trustees and the examiner**
The charity’s trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the Charities Act
to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## **Basis of the Independent Examiner’s statement**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:
Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 7[th] May 2025
Signed:
## Stephen Hendy
Data Developments, First Floor, Fryer Street, Wolverhampton, WV1 1HT
12
## **Statement of Financial Activities**
||**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior year**
**total funds**|
|---|---|
|**Receipts**
Voluntary income
Activities for generating funds
Investment income
Church activities
**Total income**
**Payments**
Church activities
Costs of generating funds
**Total expenditure**
**Net income / (expenditure) resources before transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains/losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Bell Ringers
Bob Parker Memorial PCC Designated Fund
Building Development Fund
Children's Work Fund
Churchyard
Communication Media And Equipment
Flower Guild
Hospitality Provision Fund
Insurance Claim
Jim Carr Memorial
Legacy And Memorial Fund
Lime Tree
Musical Worship And Organ
Social
Upkeep Of Church Buildings, Churchyard And
Properties
Vicarage Decorating Fund|81,559.13
3,467.85
85,026.98
86,102.32
3,423.41
-
3,423.41
4,207.04
93,947.57
2,496.72
96,444.29
1,158,457.94
13,679.98
1,245.03
14,925.01
22,668.10|
||**192,610.09**
**7,209.60**
**199,819.69**
**1,271,435.40**
166,713.28
4,379.17
171,092.45
195,206.12
6,242.14
2.00
6,244.14
7,974.58|
||**172,955.42**
**4,381.17**
**177,336.59**
**203,180.70**|
||**19,654.67**
**2,828.43**
**-**
**22,483.10**
**1,068,254.70**
1,109.00
146.79 -
1,255.79
1,228,032.66
(586.40)
(669.39) -
(1,255.79)
(1,228,032.66)
6,131.65
1,650.51
-
7,782.16
32,176.15
-
-
-
-
(5,000.00)|
||**26,308.92**
**3,956.34**
**-**
**30,265.26**
**1,095,430.85**|
||**1,879,702.83 232,069.90**
**2,111,772.73**
**1,016,341.88**|
||**1,906,011.75 236,026.24**
**2,142,037.99**
**2,111,772.73**
303,386.13
-
-
303,386.13
292,870.68
673.91
-
-
673.91
636.90
-
-
-
-
-
1,487,121.63
-
- 1,487,121.63
1,469,129.33
4,549.05
-
-
4,549.05
4,806.51
-
-
-
-
-
1,824.10
-
-
1,824.10
2,677.42
19.00
-
-
19.00
86.40
7,993.64
-
-
7,993.64
7,993.64
-
-
-
-
-
1,075.00
-
-
1,075.00
1,075.00
4,690.87
-
-
4,690.87
3,525.66
9,538.00
-
-
9,538.00
7,888.00
-
-
-
-
95.40
4,496.34
-
-
4,496.34
4,039.01
78,902.96
-
-
78,902.96
82,437.76
1,741.12
-
-
1,741.12
2,441.12|
13
|**Restricted**|||||||
|---|---|---|---|---|---|---|
|Agency collection||-|-|-|-|-|
|Bell Ringers||-|34.00|-|34.00|20.00|
|Churchyard||-|809.88|-|809.88|52.50|
|Credit Union||-|1,093.75|-|1,093.75|1,095.75|
|Defibrillator||-|-|-|-|590.00|
|Epiphany||-|214,764.02|-|214,764.02|211,813.04|
|Flowers Guild||-|2,465.85|-|2,465.85|2,091.70|
|Hilda Wilson Flower Fund||-|103.20|-|103.20|170.20|
|Lunch Club||-|-|-|-|-|
|Nancy Baker||-|5,418.67|-|5,418.67|4,859.76|
|Natalie Moore Flower Fund||-|329.40|-|329.40|389.79|
|Youth Work||-|11,007.47|-|11,007.47|10,987.16|
||**Total funds**|**1,906,011.75 **|**236,026.24**|**- **|**2,142,037.99**|**2,111,772.73**|
14
## **Balance Sheet (Summary)**
|**Balance Sheet (Summary)**||
|---|---|
||**As at**
**31/12/2024**
**As at**
**31/12/2023**|
|**Fixed assets**
Tangible Assets
Investments
**Current assets**
Debtors
Investments
Cash At Bank And In Hand
**Liabilities**
Creditors: Amounts Falling Due In One Year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
Unrestricted - General Funds
**Designated**
Designated - Bell Ringers
Designated - Building Development Fund
Designated - Children's Work Fund
Designated - Communication Media And Equipment
Designated - Flower Guild
Designated - Hospitality Provision Fund
Designated - Jim Carr Memorial
Designated - Legacy And Memorial Fund
Designated - Lime Tree
Designated - Musical Worship And Organ
Designated - Social
Designated - Upkeep Of Church Buildings, Churchyard And Properties
Designated - Vicarage Decorating Fund
**Restricted**
Restricted - Bell Ringers
Restricted - Churchyard
Restricted - Credit Union
Restricted - Defibrillator
Restricted - Epiphany
Restricted - Flowers Guild
Restricted - Hilda Wilson Flower Fund
Restricted - Nancy Baker
Restricted - Natalie Moore Flower Fund
Restricted - Youth Work
**Fund Totals **|
2,174.86
4,350.72
375,000.00
375,000.00|
||**377,174.86**
**379,350.72**
19,606.73
19,317.58
400,322.72
392,540.56
1,363,996.64
1,343,064.09|
||**1,783,926.09**
**1,754,922.23**
19,062.96
22,500.22|
||**19,062.96**
**22,500.22**|
||**1,764,863.13**
**1,732,422.01**|
|||
||**2,142,037.99**
**2,111,772.73**
**-**
**-**|
||**2,142,037.99**
**2,111,772.73**
303,386.13
292,870.68
673.91
636.90
1,487,121.63
1,469,129.33
4,549.05
4,806.51
1,824.10
2,677.42
19.00
86.40
7,993.64
7,993.64
1,075.00
1,075.00
4,690.87
3,525.66
9,538.00
7,888.00
-
95.40
4,496.34
4,039.01
78,902.96
82,437.76
1,741.12
2,441.12
34.00
20.00
809.88
52.50
1,093.75
1,095.75
-
590.00
214,764.02
211,813.04
2,465.85
2,091.70
103.20
170.20
5,418.67
4,859.76
329.40
389.79
11,007.47
10,987.16|
||
**2,142,037.99**
**2,111,772.73**|
15
## **NOTES TO THE ACCOUNTS**
## **1. Summary of Significant Account Policies**
## **General Information and basis of preparation**
The PCC is a public benefit entity with the meaning of FRS102. The financial Statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations “true and fair view” provisions, they have also been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Report by Charities (SORP(FRS102)).
## **Assets:**
## **Consecrated and benefice property**
Consecrated and benefice property is excluded and not capitalised in the financial statements in accordance with Charities Act 2011.
## **Fixed Assets**
In accordance with FRS02 investment properties are carried at their fair value and professionally valued every five years. The property was professionally valued November 2020 and the next professional valuation is due November 2025.
Depreciation has been provided on church equipment on a straight-line method based on the estimated economic life of the asset, which is 4 Years in the case of Fixtures, Fittings & Equipment.
## **Investments**
Investments are recognised at their quoted market price. Unrealised gains or losses are calculated as the difference between the fair value at the year end and their carrying value.
## **Funds:**
The financial statements have been prepared using fund accounting. Whereby income, expenditure, assets & liabilities are classified by fund. The 2 types of fund classification present in these accounts are:
1 **Unrestricted Funds** (General & Designated):
2 General Funds are available for use at the discretion of the PCC in delivering the aims and objectives of the charity.
3 Designated Funds are funds that have been set aside by the PCC for a particular purpose from the general fund.
4 **Restricted Funds** represent grants, donations and legacies received which are allocated by the donor for a specific purpose .
The purpose of funds held by the charity are set out in notes to the financial statements.
16
## **Receipts & Payments by Report Group**
## **For the period from 01 January 2024 to 31 December 2024**
## **Receipts**
|||**General**|**Designated**|**Restricted**|**Total**|**Last Year**|
|---|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|**funds**||
|Receipts|||||||
|Voluntary income|Planned Giving|56,658.20|-|360|57,018.20|59,655.49|
||Collections At Service|2,898.65|-|-|2,898.65|2,525.10|
||Donations & Appeals|539|575.21|1,100.00|2,214.21|1,111.07|
||Gift Aid|13,888.07|-|377.85|14,265.92|13,380.66|
||Legacy gifts received|-|2,000.00|-|2,000.00|8,000.00|
||Grants|5,000.00|-|1,630.00|6,630.00|1,430.00|
|**SubTotal Voluntary income**||**78,983.92**|**2,575.21**|**3,467.85**|**85,026.98**|**86,102.32**|
|Activities for generating|||||||
|funds|Events Fundraising|1,936.92|-|-|1,936.92|2,560.96|
||Events Fundraising|1,286.96|-|-|1,286.96|1,053.04|
||Regular Fundraising|199.53|-|-|199.53|158.04|
||Other Fundraising|-|-|-|-|435|
|**SubTotal Activities for generating funds**||**3,423.41**|**-**|**-**|**3,423.41**|**4,207.04**|
|Investment income|Bank & Deposit Interest|2,746.16|64,271.50|-|67,017.66|29,333.53|
||Dividends|-|-|2,496.72|2,496.72|2,354.89|
||Investment Income|10,529.91|-|-|10,529.91|8,931.52|
||Rental Income|16,400.00|-|-|16,400.00|17,838.00|
||Other Fundraising|-|-|-|-|1,100,000.00|
|**SubTotal Investment income**||**29,676.07**|**64,271.50**|**2,496.72**|**96,444.29**|**1,158,457.94**|
|Church activities|Other Income|154.08|530|-|684.08|261.16|
||Parochial Fees|10,248.00|-|-|10,248.00|6,961.50|
||Church Hire|1,885.00|-|-|1,885.00|1,713.00|
||Hall Hire|-|-|-|-|8,655.50|
||Social Group|-|562.9|-|562.9|936.42|
||Bell Ringers Group|-|280|140|420|410|
||Small Groups|-|20|-|20|23|
||Womens Guild|-|-|-|-|-|
||Flower Guild|-|-|1,105.03|1,105.03|389.02|
||LunchClub|-|-|-|-|3,318.50|
|**SubTotal Church activities**||**12,287.08**|**1,392.90**|**1,245.03**|**14,925.01**|**22,668.10**|
|**Total Receipts**||**124,370.48**|**68,239.61**|**7,209.60**|**199,819.69**|**1,271,435.40**|
17
**Payments General Designated Restricted Total**
|Church activities|Common Fund|58,000.08|-|-|58,000.08|57,999.96|
|---|---|---|---|---|---|---|
||Charitable Giving|3,690.00|-|-|3,690.00|3,766.00|
||Ministry Expenses &||||||
||Costs|1,434.88|-|981.35|2,416.23|2,197.25|
||Vicarage Costs|1,736.04|1,200.00|-|2,936.04|1,374.09|
||Curates House Costs|275.21|-|-|275.21|-|
||Staffing|-|-|-|-|-|
||Church Staffing|7,052.76|-|-|7,052.76|6,959.52|
||Hall - Staffing|-|-|-|-|2,858.57|
||Churchyard Upkeep|6,615.36|350|1,147.97|8,113.33|8,605.28|
||Training & Other Staff||||||
||Costs|163.2|-|-|163.2|-|
||Staff & Volunteer||||||
||Expenses|-|-|-|-|78.7|
||Staff and Volunteer||||||
||Expenses|-|-|-|-|59.2|
||Youth Work|-|-|129.69|129.69|51.64|
||Mission & Outreach||||||
||Work|92.17|-|837.48|929.65|1,487.76|
||Children's Work|-|262.46|-|262.46|301.69|
||Office & Admin Costs|2,731.65|515|16.7|3,263.35|4,898.11|
||Communication Costs|409.26|215|-|624.26|455|
||Church Service||||||
||Supplies|486.91|123.32|3.61|613.84|595.52|
||Church Service||||||
||Running|3,018.58|95.4|-|3,113.98|3,981.57|
||Hospitality|-|-|-|-|55.85|
||Maintenance &||||||
||Improvements|1,910.61|2,213.80|-|4,124.41|1,282.11|
||Maintenance and||||||
||Improvments|-|604.8|-|604.8|5,997.12|
||Cleaning & Hygiene|3,215.03|-|-|3,215.03|2,465.65|
||Insurance|6,424.14|-|-|6,424.14|6,831.98|
||Safety & Security|1,985.16|456|-|2,441.16|1,293.02|
||Church Utilities|11,473.50|-|-|11,473.50|9,212.58|
||Hall - Maintenance &||||||
||Improvements|-|-|-|-|2,067.60|
||Hall - Cleaning &||||||
||Hygiene|-|-|-|-|271.22|
||Hall - Insurance|-|-|-|-|1,110.93|
||Hall - Running Costs|-|-|-|-|-|
||Hall - Utilities|444.31|-|-|444.31|2,248.25|
||Churchyard Repair|-|-|-|-|-|
||Church Repairs &||||||
||Additions|-|-|-|-|9,210.24|
||Social Group|-|105.57|-|105.57|601.11|
||Bell Ringers Group|-|262.99|126|388.99|465.74|
||Womens Guild|-|-|-|-|-|
||Flower Guild|-|-|938.17|938.17|686.56|
||Lunch Club|-|-|-|-|4,825.90|
||Independent Examiners||||||
||Fees|983|-|141.6|1,124.60|1,182.00|
||Architectural Legal and||||||
||Professional Fees|-|45,674.40|-|45,674.40|20,238.00|
18
||Legal and Professional||||||
|---|---|---|---|---|---|---|
||Fees Church Hall and||||||
||Moorfield|-|-|-|-|25,962.00|
||Other Expenditure|316.83|-|56.6|373.43|1,352.54|
||Depreciation|2,175.86|-|-|2,175.86|2,175.86|
|**SubTotal Church activities**||**114,634.54**|**52,078.74**|**4,379.17**|**171,092.45**|**195,206.12**|
|Costs of generating funds|Curates House Costs|-|-|-|-|659.2|
||Curates House Costs||||||
||Southam|-|-|-|-|-|
||Southam Drive||||||
||Overheads|3,788.60|1,390.00|-|5,178.60|3,148.36|
||Giving Costs|90.45|-|-|90.45|87.47|
||Events Fundraising|59.81|-|-|59.81|196.25|
||Events Fundraising|213.47|-|-|213.47|96.55|
||Regular Fundraising|-|-|-|-|-|
||Regular Fundraising|-|-|-|-|-|
||Moorfield Flat||||||
||Overheads|-|-|-|-|3,784.75|
||Insurance- Southam||||||
||Drive|699.81|-|-|699.81|-|
||Investment Costs|-|-|2|2|2|
|**SubTotal Costs of generating **|**funds**|**4,852.14**|**1,390.00**|**2**|**6,244.14**|**7,974.58**|
|**Total Payments**||**119,486.68**|**53,468.74**|**4,381.17**|**177,336.59**|**203,180.70**|
|EXCESS OF RECEIPTS OVER|PAYMENTS|4,883.80|14,770.87|2,828.43|22,483.10|1,068,254.70|
19
**Statement of Assets and Liabilities (by code) Class and nominal code General Designated Restricted Endowment Total Last year**
|**Fixed Asset - Investments**|||||||
|---|---|---|---|---|---|---|
|1781: Curates House - Southam Drive|230,682.31|-|144,317.69|-|375,000.00|375,000.00|
|**Total**|**230,682.31**|**-**|**144,317.69**|**-**|**375,000.00**|**375,000.00**|
|**Fixed Asset - Tangible Assets**|||||||
|1780: AV Equipment|2,174.86|-|-|-|2,174.86|4,350.72|
|**Total**|
**2,174.86**|**-**|**-**|**-**|**2,174.86**|**4,350.72**|
|**Current Asset - Cash At Bank And In Hand**|||||||
|1500: Current Account|3,395.20|10,994.81|3,422.00|-|17,812.01|19,132.25|
|1502: HSBC - Epiphany - 91144758|-|-|4,353.91|-|4,353.91|3,058.84|
|1503: Santander - Flower Guild - 86934004|-|19.00|2,399.90|-|2,418.90|2,083.13|
|1505: Lloyds - Social - 02583459|-|4,396.34|-|-|4,396.34|3,939.01|
|1506: Santander - Bell Ringers - 25695482|-|627.55|14.00|-|641.55|599.55|
|1521: CCLA CB3020177 Deposit Account|28,049.08|1,290,203.05|14,574.92|-|1,332,827.05|1,312,827.05|
|1560: Petty Cash - Church|47.89|-|-|-|47.89|76.19|
|1561: Petty Cash - Bell Ringers|-|46.36|20.00|-|66.36|57.35|
|1562: Petty Cash - Flower Guild|-|-|53.45|-|53.45|94.97|
|1567: Christmas and Summer Float|185.43|-|-|-|185.43|-|
|1571: Float - Social|-|100.00|-|-|100.00|100.00|
|1614: Credit Union 110280|-|-|1,093.75|-|1,093.75|1,095.75|
|**Total**|
**31,677.60 **|**1,306,387.11**|**25,931.93**|**- **|**1,363,996.64 **|**1,343,064.09**|
|**Current Asset - Debtors**|||||||
|1584: HMRC Debtor|428.47|-|265.35|-|693.82|400.93|
|1587: Other Prepayments|640.87|-|-|-|640.87|1,202.51|
|1589: Other Debtors|2,298.29|15,973.75|-|-|18,272.04|17,714.14|
|**Total**|
**3,367.63**|**15,973.75**|**265.35**|**-**|**19,606.73**|**19,317.58**|
|**Current Asset - Investments**|||||||
|1610: CCLA CB3020179 Investment Account|44,230.30|290,000.00|-|-|334,230.30|328,098.65|
|1611: Epiphany CCLA CB3020176|-|-|15,310.15|-|15,310.15|14,861.48|
|1612: Epiphany CCLA CB3020178|-|-|29,167.44|-|29,167.44|28,514.78|
|1613: Epiphany M&G 0024010617|-|-|21,614.83|-|21,614.83|21,065.65|
|**Total**|
**44,230.30**|**290,000.00**|**66,092.42**|**-**|**400,322.72**|**392,540.56**|
|**Liability - Agency Accounts**|||||||
|6699: Agency collections|-|-|581.15|-|581.15|423.13|
|**Total**|
**-**|**-**|**581.15**|**-**|**581.15**|**423.13**|
|**Liability - Creditors: Amounts Falling Due In**|**One Year**||||||
|2148: Independent Examiners Fees|983.00|-|-|-|983.00|1,085.00|
|2149: Mission Giving|3,690.00|-|-|-|3,690.00|3,766.00|
|2150: Epiphany|-|-|-|-|-|5.40|
|2180: Utility Creditors|1,612.65|-|-|-|1,612.65|1,629.92|
|2199: Other Creditors|2,410.92|9,735.24|-|-|12,146.16|15,490.77|
|2202: Other Deferred Income|50.00|-|-|-|50.00|100.00|
|**Total**|
**8,746.57**|**9,735.24**|**-**|**-**|**18,481.81**|**22,077.09**|
|**Net total assets**|**303,386.13 **|**1,602,625.62**|**236,026.24**|**- **|**2,142,037.99 **|**2,111,772.73**|
|**Represented by**|||||||
|General (Unrestricted)|303,386.13|-|-|-|303,386.13|292,870.68|
|Designated - Bell Ringers|-|673.91|-|-|673.91|636.90|
|Designated - Building Development Fund|-|1,487,121.63|-|-|1,487,121.63|1,469,129.33|
|Designated - C M E|-|1,824.10|-|-|1,824.10|2,677.42|
|Designated - Children's Work Fund|-|4,549.05|-|-|4,549.05|4,806.51|
|Designated - Flower Guild|-|19.00|-|-|19.00|86.40|
|Designated - Hospitality Provision Fund|-|7,993.64|-|-|7,993.64|7,993.64|
|Designated - Jim Carr Memorial|-|1,075.00|-|-|1,075.00|1,075.00|
|Designated - Legacy and Memorial Fund|-|4,690.87|-|-|4,690.87|3,525.66|
|Designated - Lime Tree|-|9,538.00|-|-|9,538.00|7,888.00|
|Designated - M W and O|-|-|-|-|-|95.40|
|Designated - Social|-|4,496.34|-|-|4,496.34|4,039.01|
20
|Designated - Upkeep of Church, Churchyard
and Properties
Designated - Vicarage Decorating Fund
Restricted - Bell Ringers
Restricted - Churchyard
Restricted - Credit Union
Restricted - Defibrillator
Restricted - Epiphany
Restricted - Flowers Guild
Restricted - Hilda Wilson Flower Fund
Restricted - Nancy Baker
Restricted - Natalie Moore Flower Fund
Restricted - Youth Work
**Total**|-
78,902.96
-
-
78,902.96
82,437.76
-
1,741.12
-
-
1,741.12
2,441.12
-
-
34.00
-
34.00
20.00
-
-
809.88
-
809.88
52.50
-
-
1,093.75
-
1,093.75
1,095.75
-
-
-
-
-
590.00
-
- 214,764.02
-
214,764.02
211,813.04
-
-
2,465.85
-
2,465.85
2,091.70
-
-
103.20
-
103.20
170.20
-
-
5,418.67
-
5,418.67
4,859.76
-
-
329.40
-
329.40
389.79
-
-
11,007.47
-
11,007.47
10,987.16|
|---|---|
||**303,386.13 1,602,625.62 236,026.24**
**- 2,142,037.99 2,111,772.73**|
21
## **Fund movement summary**
|**Fund**|**Opening**|**Incoming**|**Outgoing**|**Transfers**|**Gains/Losses**|**Journals**|**Closing**|
|---|---|---|---|---|---|---|---|
|**Bell Ringers**||||||||
|Designated|636.90|300.00|262.99|-|-|-|673.91|
|Restricted|20.00|140.00|126.00|-|-|-|34.00|
|**Sub-totals**|**656.90**|**440.00**|**388.99**|**-**|**-**|**-**|**707.91**|
|**Building Development Fund**||||||||
|Designated|1,469,129.33|64,271.50|46,279.20|-|-|-|1,487,121.63|
|**Sub-totals**|**1,469,129.33**|**64,271.50**|**46,279.20**|**-**|**-**|**-**|**1,487,121.63**|
|**Communication Media Equipment**||||||||
|Designated|2,677.42|-|853.32|-|-|-|1,824.10|
|**Sub-totals**|**2,677.42**|**-**|**853.32**|**-**|**-**|**-**|**1,824.10**|
|**Children's Work Fund**||||||||
|Designated|4,806.51|5.00|262.46|-|-|-|4,549.05|
|**Sub-totals**|**4,806.51**|**5.00**|**262.46**|**-**|**-**|**-**|**4,549.05**|
|**Churchyard**||||||||
|Restricted|52.50|1,905.35|1,147.97|-|-|-|809.88|
|**Sub-totals**|**52.50**|**1,905.35**|**1,147.97**|**-**|**-**|**-**|**809.88**|
|**Credit Union**||||||||
|Restricted|1,095.75|-|2.00|-|-|-|1,093.75|
|**Sub-totals**|**1,095.75**|**-**|**2.00**|**-**|**-**|**-**|**1,093.75**|
|**Defibrillator**||||||||
|Restricted|590.00|-|-|(590.00)|-|-|-|
|**Sub-totals**|**590.00**|**-**|**-**|**(590.00)**|**-**|**-**|**-**|
|**Epiphany**||||||||
|Restricted|211,813.04|2,496.72|1,196.25|-|-|1,650.51|214,764.02|
|**Sub-totals**|**211,813.04**|**2,496.72**|**1,196.25**|**-**|**-**|**1,650.51**|**214,764.02**|
|**Flower Guild**||||||||
|Designated|86.40|-|-|(67.40)|-|-|19.00|
|**Sub-totals**|**86.40**|**-**|**-**|**(67.40)**|**-**|**-**|**19.00**|
|**Flowers Guild**||||||||
|Restricted|2,091.70|1,117.53|890.17|146.79|-|-|2,465.85|
|**Sub-totals**|**2,091.70**|**1,117.53**|**890.17**|**146.79**|**-**|**-**|**2,465.85**|
|**Hilda Wilson Flower Fund**||||||||
|Restricted|170.20|-|48.00|(19.00)|-|-|103.20|
|**Sub-totals**|**170.20**|**-**|**48.00**|**(19.00)**|**-**|**-**|**103.20**|
|**Hospitality Provision Fund**||||||||
|Designated|7,993.64|-|-|-|-|-|7,993.64|
|**Sub-totals**|**7,993.64**|**-**|**-**|**-**|**-**|**-**|**7,993.64**|
|**Insurance Claim**||||||||
|Designated|-|525.00|525.00|-|-|-|-|
|**Sub-totals**|**-**|**525.00**|**525.00**|**-**|**-**|**-**|**-**|
|**Jim Carr Memorial**||||||||
|Designated|1,075.00|-|-|-|-|-|1,075.00|
|**Sub-totals**|**1,075.00**|**-**|**-**|**-**|**-**|**-**|**1,075.00**|
**Legacy and Memorial Fund**
22
|Designated|3,525.66|575.21|-|590.00|-|-|4,690.87|
|---|---|---|---|---|---|---|---|
|**Sub-totals**|**3,525.66**|**575.21**|**-**|**590.00**|**-**|**-**|**4,690.87**|
|**Lime Tree**||||||||
|Designated|7,888.00|2,000.00|350.00|-|-|-|9,538.00|
|**Sub-totals**|**7,888.00**|**2,000.00**|**350.00**|**-**|**-**|**-**|**9,538.00**|
|**Musical Worship and Organ**||||||||
|Designated|95.40|-|95.40|-|-|-|-|
|**Sub-totals**|**95.40**|**-**|**95.40**|**-**|**-**|**-**|**-**|
|**Nancy Baker**||||||||
|Restricted|4,859.76|1,400.00|841.09|-|-|-|5,418.67|
|**Sub-totals**|**4,859.76**|**1,400.00**|**841.09**|**-**|**-**|**-**|**5,418.67**|
|**Natalie Moore Flower Fund**||||||||
|Restricted|389.79|-|-|(60.39)|-|-|329.40|
|**Sub-totals**|**389.79**|**-**|**-**|**(60.39)**|**-**|**-**|**329.40**|
|**Social**||||||||
|Designated|4,039.01|562.90|105.57|-|-|-|4,496.34|
|**Sub-totals**|**4,039.01**|**562.90**|**105.57**|**-**|**-**|**-**|**4,496.34**|
|**Upkeep of Church, Churchyard and Properties**||||||||
|Designated|82,437.76|-|3,534.80|-|-|-|78,902.96|
|**Sub-totals**|**82,437.76**|**-**|**3,534.80**|**-**|**-**|**-**|**78,902.96**|
|**Vicarage Decorating Fund**||||||||
|Designated|2,441.12|-|1,200.00|500.00|-|-|1,741.12|
|**Sub-totals**|**2,441.12**|**-**|**1,200.00**|**500.00**|**-**|**-**|**1,741.12**|
|**Youth Work**||||||||
|Restricted|10,987.16|150.00|129.69|-|-|-|11,007.47|
|**Sub-totals**|**10,987.16**|**150.00**|**129.69**|**-**|**-**|**-**|**11,007.47**|
|**General**||||||||
|Unrestricted|292,870.68|124,370.48|119,486.68|(500.00)|-|6,131.65|303,386.13|
|**Sub-totals**|**292,870.68**|**124,370.48**|**119,486.68**|**(500.00)**|**-**|**6,131.65**|**303,386.13**|
|**Totals**|**2,111,772.73**|**199,819.69**|**177,336.59**|**-**|**-**|**7,782.16**|**2,142,037.99**|
**Bell Ringers Fund** is operated by the Bell Ringers. Funds generated from weddings and expenditure to bell ringers
**Building Development Fund** : The fund was established with the sale proceeds from the Church Hall and monies obtained when the Vicarage was sold in Church Road. The PCC have ear-marked the fund for a Church Building upgrade. Income from interest on deposit and expenditure on professional fees
**Communication, Media & Equipment Fund** was established when the sale of the Church Magazine ceased, and the balance of funds held was ear-marked by the PCC for communication for the life of the church including media, equipment, and communication costs.2024 costs included new office computer and internet package.
**Children’s Work Fund** was established by the PCC in January 2023 upon receipt of an unrestricted legacy gift of £5000 for the purpose of funding costs associated with the provision of children’s work.
23
**Churchyard** The fund is restricted by donors specifically for the maintenance of the Churchyard. A restricted donation of £1000 was received in 2024.
**Credit Union** These restricted funds were collected for the Credit Union but must remain in the name of St Michael’s Church
**Defibrillator T** he fund was previously restricted to purchase and install a Defibrillator in the Church Hall. Upon sale of the Church Hall the Donor agreed that the monies could be used as deemed fit by the PCC. The balance has therefore been transferred to the Legacy and Memorial Fund.
**Epiphany** The Epiphany is a fund restricted for the benefit of the Clergy. The restriction was placed by the donor under the terms of a Will. The current trustees are Liz Carr, Edwina Connell, Peter Edmonds and Hilary Harrison.
**Flower Guild:** maintained for the purpose of providing flowers to the church where funds received are from donors and service charges.
**Hilda Wilson Flower Fund:** A restricted fund established by a relative of Hilda Wilson for the purpose of flower memorials being created at anniversaries by the flower guild
**Hospitality Provision Fund** was established by the PCC in November 2023 to take receipt of the account balance of the Luncheon Club and to designate the funds for any purpose associated with the provision of hospitality.
**Insurance Claims** a fund set up to ring-fence proceeds to manage funds received from our Insurers under a claim. A £525 further claim was made under a 2022 claim for damage as a result of a lightning strike. Store unit electrics reinstated.
**Jim Carr Memorial** is being held by the PCC to be designated / used for a purpose in memory of Jim Carr
**Legacy and Memorial Fund** : was set up by the PCC in October 2023 to pool a small number of unrestricted legacy or memorial gifts for ease of management and oversight for any purpose identified by the PCC whilst retaining visibility of the source of funds.
**Lime Tree Fund** has been established to fund the upkeep of Lime Trees in the churchyard and the replacement of the current Lime Trees at the end of their life. A £2000 legacy was received in 2024. Whilst not restricted there was a wish for the money to be used towards lime tree maintenance
**Musical Worship and Organ:** A fund for costs associated with organ maintenance and musical worships resources and costs. Funds now exhausted.
**Natalie Moore Flower Fund** ; A restricted fund set up to provide flower memorials by the flower guild. Funds originated from a relative of Natalie Moore.
**Social:** is for the costs associated with providing social functions at St Michael’s throughout the year along with any income received at those functions
**Upkeep of Church, Churchyard and Properties** is for covering any expenditure associated with the Church building, Churchyard & Other PCC properties in the future. Funds originated from the sale of the old Vicarage in Church Road. Guttering of south aisle cleared, lychgate tiles cleared and repaired, decoration at Southam Drive. Lightning conduct upgrade.
**Vicarage Decorating Fund** was established upon closure of the Diocese Decorating Scheme. The PCC transfer £500 pa to the fund for decoration of the vicarage. Expenditure was hall, stair and landing decoration.
**Youth Work** : A restricted fund by donors specifically for Youth work.
24
## **Analysis of income and expenditure**
|**Analysis of income and expenditure**|||||
|---|---|---|---|---|
|||||**Total**|
|**Unrestricted **|**Designated**|**Restricted**|**Endowment **|**This year**
**Last year**|
|**RECEIPTS**
**Voluntary income**
3104 - Standing Order (GA)
3105 - Standing Order (Non GA)
3106 - Parish Giving Scheme (G A)
3107 - Parish Giving Scheme ( Non-GA)
3108 - Parish Giving Scheme One -Off (GA)
3111 - Collection Plate (GASDS)
3113 - One-Off Gift (GA)
3115 - One-off Gift (Non-GA)
3140 - Other Donations (GA)
3142 - Other Donations (Non-GA)
3143 - Churchyard - Donations (GA)
3144 - Churchyard - Donations (Non G.A)
3151 - Gift Aid
3152 - Gift Aid PGS
3153 - Gift Aid (GASDS)
3170 - Legacies
3186 - Grant - Other
3200 - Grants - Nancy Baker
3201 - Commonwealth War Graves Grant
3316 - Contactless (GASDS)
3317 - Contactless Non-GA
**Voluntary income Totals**
**Activities for generating funds**
3801 - Christmas Bazaar
3802 - Summer Craft Fair
3806 - Other Fundraising
3846 - Card Store
3849 - Parish Magazine Sales
3850 - Amazon Smile
3851 - Easy Fundraising
3900 - Sale of Equipment
**Activities for generating funds Totals**
**Investment income**
3311 - CCLA CB3020177 Interest
3320 - Dividends - Property Fund
3321 - Dividends - CB3020176-001
3322 - Dividends - CB3020178-001
3323 - Dividends - M & G
3324 - Dividends - Credit Union
3325 - Dividends - CB3020179
3341 - Rent - Southam Drive
3342 - Rent - Moorfield Flat
3343 - Garage - Moorfield
3344 - Rent - Scout Hut
3907 - Sale of Property
**Investment income Totals**|14,368.00
-
240.00
- 14,608.00
16,935.00
2,465.00
-
-
-
2,465.00
2,760.00
37,474.66
-
120.00
- 37,594.66
37,770.29
2,222.04
-
-
-
2,222.04
2,190.20
128.50
-
-
-
128.50
-
1,803.65
-
-
-
1,803.65
1,685.10
40.00
-
-
-
40.00
20.00
-
-
-
-
-
150.00
239.00
50.00
-
-
289.00
49.07
260.00
525.21
-
-
785.21
792.00
-
-
1,100.00
-
1,100.00
-
-
-
-
-
-
100.00
3,797.15
-
347.85
-
4,145.00
4,330.25
9,401.38
-
30.00
-
9,431.38
8,486.99
689.54
-
-
-
689.54
563.42
-
2,000.00
-
-
2,000.00
8,000.00
5,000.00
-
-
-
5,000.00
-
-
-
1,400.00
-
1,400.00
1,200.00
-
-
230.00
-
230.00
230.00
965.00
-
-
-
965.00
790.00
130.00
-
-
-
130.00
50.00|
|---|---|
||
**78,983.92**
**2,575.21**
**3,467.85**
**- 85,026.98**
**86,102.32**
1,936.92
-
-
-
1,936.92
2,560.96
1,286.96
-
-
-
1,286.96
1,053.04
-
-
-
-
-
-
100.00
-
-
-
100.00
-
-
-
-
-
-
48.34
-
-
-
-
-
40.51
99.53
-
-
-
99.53
69.19
-
-
-
-
-
435.00|
||
**3,423.41**
**-**
**-**
**-**
**3,423.41**
**4,207.04**
2,746.16
64,271.50
-
- 67,017.66
29,333.53
-
-
-
-
-
-
-
-
383.99
-
383.99
320.33
-
-
791.53
-
791.53
779.42
-
-
1,321.20
-
1,321.20
1,255.14
-
-
-
-
-
-
10,529.91
-
-
- 10,529.91
8,931.52
16,400.00
-
-
- 16,400.00
15,400.00
-
-
-
-
-
2,175.00
-
-
-
-
-
120.00
-
-
-
-
-
143.00
-
-
-
-
- 1,100,000.00|
||
**29,676.07**
**64,271.50**
**2,496.72**
**- 96,444.29 1,158,457.94**|
26
|**Church activities**
3601 - Youth Work Activities
3901 - Photocopying Income
4001 - Wedding Fees
4002 - Church Register Fees
4003 - Monument Fees
4004 - Funeral Fees
4005 - Verger Fees
4006 - Live Streaming Fees
4008 - Heating Charges
4009 - Service Sheet Charges
4010 - Media Fees
4100 - Church Hire
4142 - Hall Hire - One Off's
4149 - Hall Hire - Centrestage
4151 - Hall Hire - Kumon
4152 - Hall Hire - Keep Fit
4154 - Hall Hire - Sing Me Sunshine
4155 - Hall Hire - Karate
4156 - Hall Hire - Pilates
4158 - Hall Hire - Ballet
4159 - Hall Hire - Uniform Groups
4160 - Hall Hire - Music for You
4521 - Social - Breakfasts
4522 - Social - Lunches
4523 - Social - Curry Evening
4524 - Social - Picnic
4525 - Social - Christmas
4526 - Social - Cake Sales
4531 - Bell Ringing Wedding Payments
4532 - Bell Ringing - Donations
4551 - Flower Guild - Contributions
4552 - Flower Guild - Collections
4553 - Flower Guild - Donations
4554 - Flower Guild - Wedding & Funerals
4555 - Flower Guild - Other Income
4561 - Lunch Club - Member Payments
4562 - Lunch Club - Staff Payments
4563 - Lunch Club - Donations
4997 - Insurance Claims
4999 - Sundry Income
**Church activities Totals**
**Receipts Grand totals**|-
-
- -
-
-
37.80
-
- -
37.80
5.43
1,358.00
-
- -
1,358.00
776.00
36.00
-
- -
36.00
-
1,151.00
-
- -
1,151.00
600.00
5,988.00
-
- -
5,988.00
4,468.00
825.00
-
- -
825.00
675.00
50.00
-
- -
50.00
-
840.00
-
- -
840.00
410.00
-
-
- -
-
32.50
-
-
- -
-
-
1,885.00
-
- -
1,885.00
1,713.00
-
-
- -
-
1,450.00
-
-
- -
-
2,244.00
-
-
- -
-
1,947.00
-
-
- -
-
264.00
-
-
- -
-
214.50
-
-
- -
-
1,134.00
-
-
- -
-
379.50
-
-
- -
-
264.00
-
-
- -
-
445.00
-
-
- -
-
313.50
-
197.90
- -
197.90
143.66
-
-
- -
-
-
-
96.07
- -
96.07
480.00
-
-
- -
-
-
-
-
- -
-
-
-
268.93
- -
268.93
312.76
-
280.00
140.00 -
420.00
410.00
-
20.00
- -
20.00
23.00
-
-
120.00 -
120.00
257.32
-
-
- -
-
61.70
-
-
545.03 -
545.03
20.00
-
-
440.00 -
440.00
50.00
-
-
- -
-
-
-
-
- -
-
3,308.00
-
-
- -
-
10.50
-
-
- -
-
-
-
525.00
- -
525.00
-
116.28
5.00
- -
121.28
255.73|
|---|---|
||
**12,287.08**
**1,392.90**
**1,245.03 -**
**14,925.01**
**22,668.10**|
||
**124,370.48**
**68,239.61**
**7,209.60 -**
**199,819.69**
**1,271,435.40**|
27
|**PAYMENTS**||||||
|---|---|---|---|---|---|
|**Church activities**||||||
|5001 - Common Fund|58,000.08|-|- -|58,000.08|57,999.96|
|5100 - Charitable Giving|3,690.00|-|- -|3,690.00|3,766.00|
|5195 - Training & Conferences|-|-|210.00 -|210.00|210.00|
|5201 - Minister Phone|274.50|-|- -|274.50|132.38|
|5202 - Minster Travel|49.90|-|- -|49.90|121.35|
|5203 - Minister Office Supplies & Equipment|38.47|-|120.00 -|158.47|129.87|
|5206 - Minister Conferences|-|-|- -|-|669.65|
|5207 - Minister Other|-|-|- -|-|35.99|
|5208 - Curates Phone|301.04|-|- -|301.04|114.30|
|5209 - Curate Travel|538.37|-|490.24 -|1,028.61|262.01|
|5210 - Curate - Office Equipment|110.60|-|- -|110.60|-|
|5214 - Curate Other|14.00|-|161.11 -|175.11|-|
|5215 - Training|108.00|-|- -|108.00|-|
|5216 - Discipleship|-|-|- -|-|521.70|
|5217 - Other - Ministry|-|-|- -|-|-|
|5220 - Water Charges - Vicarage|731.82|-|- -|731.82|513.81|
|5224 - Internet & Phone - Vicarage|908.22|-|- -|908.22|860.28|
|5230 - Maintenance - Vicarage|96.00|1,200.00|- -|1,296.00|-|
|5244 - Internet & Phone - Curates House|275.21|-|- -|275.21|-|
|6001 - Employer NI Contributions|-|-|- -|-|44.10|
|6010 - Church Administrator|7,052.76|-|- -|7,052.76|6,050.92|
|6011 - Hall - Administrator|-|-|- -|-|663.32|
|6012 - Church Verger|-|-|- -|-|864.50|
|6013 - Hall - Verger|-|-|- -|-|864.50|
|6014 - Hall - Cleaner|-|-|- -|-|1,330.75|
|6101 - Training - First Aid|-|-|- -|-|-|
|6110 - Training - Other|163.20|-|- -|163.20|-|
|6150 - Staff Mileage|-|-|- -|-|78.70|
|6199 - Volunteer Other Expenses|-|-|- -|-|59.20|
|6306 - Youth Work - Equipment|-|-|- -|-|-|
|6307 - Youth Work|-|-|129.69 -|129.69|51.64|
|6345 - Those in Need|-|-|460.52 -|460.52|1,139.48|
|6346 - Churches Together Contribution|-|-|- -|-|-|
|6351 - Place of Welcome - Food|-|-|50.88 -|50.88|60.30|
|6352 - Place of Welcome - Resources|92.17|-|- -|92.17|39.00|
|6353 - Place of Welcome - Other|-|-|- -|-|-|
|6399 - Outreach Work - Other|-|-|326.08 -|326.08|248.98|
|6402 - Children's Work Materials|-|137.76|- -|137.76|254.66|
|6403 - Children's Work Other|-|124.70|- -|124.70|47.03|
|6502 - Photocopier Costs|686.78|-|- -|686.78|1,233.60|
|6503 - Internet & Phone|983.91|-|- -|983.91|1,184.14|
|6510 - Stationary Costs|163.53|-|- -|163.53|146.39|
|6511 - Printing Costs|751.52|-|- -|751.52|371.85|
|6512 - Office Supplies Costs|2.26|-|- -|2.26|58.96|
|6519 - Postage Costs|77.69|-|16.70 -|94.39|20.59|
|6550 - Office Equipment Costs|65.96|515.00|- -|580.96|-|
|6551 - Computer & Support Costs|-|-|- -|-|1,882.58|
|6602 - Website & Software Packages|409.26|215.00|- -|624.26|455.00|
|6700 - Altar Supplies|-|-|- -|-|-|
|6703 - Worship Resources|271.04|-|- -|271.04|113.81|
|6704 - Worship Materials|138.49|123.32|- -|261.81|277.90|
|6705 - Lectionary Materials|-|-|- -|-|-|
|6710 - Hymn & Music Resources|-|-|- -|-|21.99|
|6748 - Service Refreshments|72.38|-|3.61 -|75.99|144.82|
|6749 - Other Service Supplies|5.00|-|- -|5.00|37.00|
|6751 - Organist Payments|1,500.00|-|- -|1,500.00|2,650.00|
|6760 - Media License Fees|582.05|-|- -|582.05|686.58|
|6797 - Organ Repair & Servicing|936.53|95.40|- -|1,031.93|644.99|
|6800 - Refreshments Hospitality|-|-|- -|-|55.85|
28
|6900 - Fixture & Fittings
6901 - Maintenance Services & Repairs
6902 - Maintenance Materials
6903 - Skip Container and Storage
6905 - Maintenance - Other
6906 - Electrical Maintenance
6912 - Electrical Work
6931 - Boiler Servicing
7010 - Cleaning Services
7011 - Cleaning Supplies
7020 - Insurance
7021 - Alarm Charges
7025 - Fire Safety
7049 - Other Security & Safety Costs
7051 - Water Charges
7052 - Electricity Charges
7053 - Gas Charges
7101 - Hall - Employee Wages
7140 - Hall - Fixture & Fittings
7146 - Hall - Minor Maintenance
7147 - Hall - Other Maintenance
7148 - Hall - Electrical Work
7221 - Hall - Cleaning Supplies
7240 - Hall - Insurance
7270 - Hall - Media Licence Fees
7291 - Hall - Water Charges
7292 - Hall - Electricity Charges
7293 - Hall - Gas Charges
7468 - Other Safety Costs
7801 - Gardening Services
7804 - Monument Repairs
7807 - Mower Servicing & Repair
7808 - Petrol
7886 - Churchyard Maintenance
7887 - Churchyard - Equipment
7906 - External Major Repairs
8521 - Social - Food & Materials
8522 - Social - Sundry Supplies
8529 - Social - Other
8531 - Bell Ringers - Ringer Payments
8532 - Bell Ringers - Bell Maintenance
8533 - Bell Ringers - Other
8551 - Flower Guild - Flowers
8552 - Flower Guild - Materials
8553 - Flower Guild - Other
8561 - Lunch Club - Food
8562 - Lunch Club - Sundries
8565 - Lunch Club - Meal Outings
8569 - Lunch Club - Other
9101 - Accounts Fees
9104 - Architectural Legal and Professional Fees Church
9105 - Legal and Professional Fees Church Hall
9106 - Accounts Package Fee
9130 - Bank Charges
9997 - Depreciation
9998 - Provision For Bad Debt
9999 - Sundry Expenditure
**Church activities Totals**|-
-
- -
-
100.00
524.76
1,688.80
- -
2,213.56
220.00
71.85
-
- -
71.85
49.86
-
604.80
- -
604.80
5,997.12
-
-
- -
-
-
425.00
-
- -
425.00
-
889.00
525.00
- -
1,414.00
297.99
-
-
- -
-
614.26
2,780.00
-
- -
2,780.00
2,160.00
435.03
-
- -
435.03
305.65
6,424.14
-
- -
6,424.14
6,831.98
1,187.40
-
- -
1,187.40
1,054.15
199.08
456.00
- -
655.08
207.00
587.53
-
- -
587.53
31.87
162.43
-
- -
162.43
330.14
7,438.60
-
- -
7,438.60
4,813.74
3,872.47
-
- -
3,872.47
4,068.70
-
-
- -
-
-
-
-
- -
-
30.00
-
-
- -
-
306.00
-
-
- -
-
1,731.60
-
-
- -
-
-
-
-
- -
-
271.22
-
-
- -
-
1,110.93
-
-
- -
-
-
-
-
- -
-
-
-
-
- -
-
583.11
444.31
-
- -
444.31
1,665.14
11.15
-
- -
11.15
-
6,190.00
350.00
1,090.00 -
7,630.00
8,031.50
-
-
- -
-
-
-
-
- -
-
-
-
-
- -
-
41.80
128.69
-
17.97 -
146.66
510.00
296.67
-
40.00 -
336.67
21.98
-
-
- -
-
9,210.24
-
79.58
- -
79.58
601.11
-
-
- -
-
-
-
25.99
- -
25.99
-
-
252.00
126.00 -
378.00
360.00
-
-
- -
-
90.79
-
10.99
- -
10.99
14.95
-
-
900.69 -
900.69
632.21
-
-
37.48 -
37.48
54.35
-
-
- -
-
-
-
-
- -
-
2,149.90
-
-
- -
-
116.76
-
-
- -
-
2,211.35
-
-
- -
-
347.89
983.00
-
141.60 -
1,124.60
1,182.00
- 45,674.40
- -
45,674.40
20,238.00
-
-
- -
-
25,962.00
90.00
-
- -
90.00
-
67.37
-
56.60 -
123.97
261.11
2,175.86
-
- -
2,175.86
2,175.86
-
-
- -
-
-
159.46
-
- -
159.46
1,091.43|
|---|---|
||
**114,634.54 52,078.74**
**4,379.17 -**
**171,092.45**
**195,206.12**|
29
|**Costs of generating funds**
5243 - Insurance - Curates House Southam
5257 - Other - Curates House Southam
5258 - Fixture & Fittings - Curates House Southam
5259 - Minor Repairs - Southam Drive
8000 - Giving Costs
8005 - Contactless Fee
8019 - My Donations Coordinator
8021 - PGS One-Off Transaction Fee
8101 - Christmas Bazaar Expenses
8102 - Summer Fair Expenses
8802 - Service Charge - Moorfield Flat
8803 - Management Fees - Moorfield Flat
8804 - Deposit Scheme - Moorfield Flat
8805 - Other Fees - Moorfield Flat
8806 - Maintenance - Moorfield Flat
8813 - Management Fees - Southam Drive
8814 - Deposit Scheme - Southam Drive
8815 - Other Fees - Southam Drive
8816 - Maintenance - Southam Drive
8817 - Insurance - Southam Drive
8826 - Membership Fee - Credit Union
**Costs of generating funds Totals**
**Payments Grand totals**|-
-
- -
-
554.20
-
-
- -
-
105.00
-
-
- -
-
-
-
-
- -
-
1,047.00
-
-
- -
-
-
14.85
-
- -
14.85
12.47
75.00
-
- -
75.00
75.00
0.60
-
- -
0.60
-
59.81
-
- -
59.81
196.25
213.47
-
- -
213.47
96.55
-
-
- -
-
1,078.04
-
-
- -
-
261.00
-
-
- -
-
-
-
-
- -
-
2,295.71
-
-
- -
-
150.00
1,968.00
-
- -
1,968.00
1,908.00
60.00
-
- -
60.00
-
230.00
-
- -
230.00
193.36
1,530.60
1,390.00
- -
2,920.60
-
699.81
-
- -
699.81
-
-
-
2.00 -
2.00
2.00|
|---|---|
||
**4,852.14**
**1,390.00**
**2.00 - **
**6,244.14**
**7,974.58**|
||
**119,486.68**
**53,468.74**
**4,381.17 - **
**177,336.59**
**203,180.70**|
## **Fixed Investment Assets**
|**Fixed Investment Assets**||
|---|---|
|Market Value – 1stJanuary
Additons
Revaluaton gain / (loss)
**Market Value – 31st December**
The ownership of the property at
Southam Drive is 38% Epiphany Trust
and 62% PCC|**Southam Drive**
**Total**
375,000
375,000
—
-
—
—|
||**375,000**
**375,000**|
|||
30
## **Fixed Assets for use by the PCC**
|Cost or Valuation
At 1st January 2023
Additions
Revaluation Gain /
(Loss)
At 31st December 2023
Depreciation
At 1st January 2024
Charge for the year
Disposal
Net Book Value
At 31st December 2024|**Churchyard**
**Equipment**
0
0
0|
**AV Equipment**
8,703
0
0|**Total**
8,703
0
0
**8,703**
4,351
2,176
0|
|---|---|---|---|
||**0**|**8,703**||
||0
0
0
**0**|4,351
2,176
0||
|||**6,527**
**2176**|**6,527**|
|||||
||**0**||**2,176**|
## **Investments**
|**nvestments**||
|---|---|
|Market Value – 1stJanuary 24
Additions
Revaluation gain / (loss)
Market Value – 31stDecember 24|**This Year**
**Last Year**
**Total**
**Total**
392,541
360,364
7,781
32,177|
||400,322
392,541|
|**Staff Costs**|||
|---|---|---|
||**This Year**|**Lat Year**|
||**Total**|**Total**|
|Wages & Salaries|7,053|9774|
|Social Security Costs|0|44|
|Pension Costs|0|0|
||7,053|9818|
|Average Number of Employees|**1**||
During the year, no employee earned £60,000 per annum or more.
31
## **Debtors**
|**Debtors**||||
|---|---|---|---|
||**This Year**|**Last Year**||
||**Total**|**Total**||
|**Debtors**||||
|Hire Debtors|-||-|
|HMRC Debtor|694|401||
|Other Debtors|18,272|17,714||
|**Total Debtors**|**18,966**|**1**8,115||
|Other Prepayments|**641**|**1**,203||
|**Total Debtors & Prepayments**|**19,607**|**1**9,318||
|**Liabilities**|**Balance**|**Previous**||
|||**balance**||
|**Liabilites**||||
|Independent Examiners Fees|983|1,085||
|Mission Giving|3,690|3,766||
|Epiphany|-|5||
|Utlity Creditors|1,613|1,630||
|Other Creditors|12,146|15,491||
|Agency collectons|581|423||
|**Total Liabilites**|**19,013**|**21,977**||
|Other Deferred Income|50|100||
|**Total Liabilites & Deferred Income**|**19,063**|**22,077**||
32