OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

St Andrew’s Church, Malvern 2024

Trustees Annual Report 2024 Annual Report of the Parochial Church Council For the year 1[st] January to 31[st] December 2024

Registered Charity Number: 1128973

Contact PCC Secretary: c/o St Andrew’s Church, Churchdown Road, Malvern WR14 3JX

Page 1

St Andrew’s Church, Malvern 2024

1. Introduction

‘The Parochial Church Council or PCC, is the executive body of a Church of England parish. It is constituted as a body corporate by the Church Representation Rules 2022 set out in Schedule 3 to the Synodical Government Measure 1969, and consists of the clergy and churchwardens of the parish, together with a number of representatives of the laity principally elected by the annual parochial church meeting of the parish. Its powers and duties are defined by certain Acts of Parliament and other legislation, principally the Parochial Church Councils (Powers) Measure 1956. It has the responsibility of cooperating with the incumbent (rector, vicar or priest) or priest in charge in promoting the mission of the Church in its parish.

Formally, the PCC is responsible for the financial affairs of the Church and the care and maintenance of the church fabric and its contents. These latter responsibilities are executed primarily by the churchwardens. It also has a voice in the forms of Service used by the church and may make representations to the bishop on matters affecting the welfare of the parish.’

The Church Representation Rules (2020) detail local church governance arrangements and provide the framework under which PCCs and parishes operate to best serve ministry and mission in their contexts.

St Andrew’s Church is situated in Poolbrook, Malvern. It is part of the Diocese of Worcester within the Church of England. In September 2014 St Andrew’s became part of the United Benefice of the Chase Team Ministry which includes St Mary’s Pickersleigh and All Saints Malvern Wells & Wyche. During 2024 the vision of The Chase Team fully working together as a United Benefice was finally realised.

The three parishes in The Chase Team each have their own Parochial Church Council. St Andrew’s is a registered charity and the other two churches are excepted charities. The Chase Team has a Team Rector and a Vicar in The Chase Team. The Rector and the Vicar are remunerated through the Diocese of Worcester.

2. Aims and Purposes

St Andrew’s Parochial Church Council (PCC) has the responsibility of cooperating with the Team Rector and Vicar, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance and upkeep of the St Andrew’s Church Centre complex.

The three churches in the Chase Team work very closely together and share as much as possible, including joint mission statements to describe our core purpose:

Page 2

St Andrew’s Church, Malvern 2024

This is illustrated on the following diagram and all under pinned by the strapline ‘ Partnering with God in the flourishing of our communities ’.

These are supported by the following values:

Page 3

St Andrew’s Church, Malvern 2024

3. Objectives and Activities

When planning and undertaking activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit including the specific guidance for the advancement of religion. In particular we try to enable everyone to live out their faith as part of our community through:

The local community directly benefits from a whole range of activities, services and events that St Andrew’s provides. These include toddler groups, children’s groups, youth groups, bereavement support, debt support, the Octagon Coffee Shop and provision of the occasional offices (funerals, weddings, baptisms).

The St Andrew’s Church Centre is a fantastic community facility available for public hire at reasonable rates and is well used.

4. Achievements and Performance

2024 was very much a transition year for St Andrew’s with some significant changes in leadership – both paid and unpaid roles. We successfully recruited our new Team Vicar Rev Emily Spencer who will work across all three churches in the Chase Team, and a new Youth Ministry Leader – Nathan Shipton- who started in April. We also appointed a new Operations Manager, Neil Attewell who began at the start of 2025.

The most significant event of 2024 was the Chase Team reforming, with St Mary’s once again being brought into the team. This has opened up new opportunities to extend our area of influence and particularly to offer support to those already ministering in the Pickersleigh Parish.

The total number of our worshipping community dipped a little for the first time in nine years, due to a few members moving on (and a few transferring to All Saints), but numbers across all the congregations continue to be strong and we continue to see new people join us, both from transfer growth and those who are unchurched or de-churched.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total
Worshipping
Community		 160 201 244 261 263 297 326 332 377 356
0-17s
Worshipping
Community		 43 55 63 69 66 71 84 75 103 95

Page 4

St Andrew’s Church, Malvern 2024

Our 2024 Annual Review (prepared as part of The Chase Team) for the Annual Parochial Church Meetings (available at St Andrew’s Church or from our web site www.chaseteam.org/resources/annual-reviews/), gives a more detailed summary of many of our activities and achievements over the last year.

Some of the key features include:

5. Future Plans

We have sensed 2025 will be a ‘year of sowing seeds’ as we explore new areas of ministry to develop across our team of churches now that we have a full staff team in place.

The key areas for the coming year will therefore be:

Page 5

St Andrew’s Church, Malvern 2024

Christian Vision, Parenting Courses and assemblies and lessons.

6. Financial Review

Total income from all sources for the year was £295,520, compared to £364,304 in 2023, representing a 19% decrease.

Expenditure in the year was £314,784, compared to £284,346 in 2023, representing a 11% increase.

The net effect of these results produced a £19,225 decrease in net resources over the year to £239,061 (£258,286 at 31 December 2023). Of this:

£1,757 (2023 - £1,718) is permanently endowed,

£45,364 (2023 - £88,439) is held for restricted use and

£13,715 (2023 - £13,298) is designated by the Church for specific purposes. This leaves £178,225 (2023 - £154,831) as unrestricted funds which, after due allowance for tangible fixed assets, gives £170,139 (2023 - £153,029) as freely available reserves for use in the future charitable activities of the Church.

We are very grateful to all those who have (and continue) to give to the work and upkeep of our church and beyond.

7. Reserves and investment policy

It is the policy of the Church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least three month’s running costs (up to approximately £80,000). The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Funds balances held in excess of short to medium-term needs are invested with the CBF Church of England Deposit Fund. The endowment investment is held in a CBF Investment (Income) Fund. The church has no loans against these funds.

The Trustees have assessed the major risks to which the Church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

8. Structure, governance and management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Annually, and well in advance of the Annual Parochial Church Council meeting, all members on the electoral roll of St Andrew’s are invited to be nominated to sit or re-sit on the PCC for a 3-year period. If too many members are nominated, a simple vote is conducted at the Annual Parochial Church Council meeting.

Page 6

St Andrew’s Church, Malvern 2024

The PCC locally manages St Andrew’s Church building, the St Andrew’s Church Centre and the grounds on behalf of the Diocese of Worcester. This includes short and long term maintenance and enhancement of the assets.

The administrative and support costs and clergy expenses for The Chase Team are shared between the three PCCs on the basis on the size of congregations and affordability. The clergy stipends are met by the Church Commissioners.

St Andrew’s employs two part-time cleaners and jointly on behalf of The Chase Team, employs:

In addition, as the lead church for Christians Against Poverty (CAP) in the Malvern & Ledbury area we employ two part time staff as the CAP Debt Centre Manager and the CAP Debt Coach.

The PCC typically meets approximately seven times per year. Between meetings, any urgent day to day business of the PCC is undertaken by a Standing Committee consisting of Chair, Vice-Chair, Churchwardens, Parish Safeguarding Officer, Treasurer and Operations Manager. Any decisions taken by the Standing Committee are summarised at the subsequent PCC Meeting.

When appointed, new PCC members confirm their eligibility to be a Charity Trustee and are provided with an introduction to their role, typically including how the PCC operates, the importance of being a Charity Trustee and a Church financial introduction/overview.

The PCC has in place a high-level risk register to cover its overall responsibilities and will be reviewing this on a regular basis to ensure that it is addressing all aspects of its responsibilities, including those as Charity Trustees.

Page 7

St Andrew’s Church, Malvern 2024

The PCC responds positively and implements all appropriate legislation linked with health and safety and disability. Examples include:

9. Safeguarding

The PCC has fulfilled its duty to comply with the House of Bishops’ Safeguarding Policy and Practice Guidance.

During 2024, 34 members of the churches have completed DBS checks and 23 members have completed safeguarding training at various levels.

A few safeguarding concerns have arisen during the year, which have been addressed promptly by the Rector and the Parish Safeguarding Officer. Support and advice have been sought from the Diocese as appropriate.

The parishes are now compliant with all Church of England requirements. All required documents and procedures in place and good practice is being implemented.

10. Administrative Information

Full Name:

The Parochial Church Council of the Ecclesiastical Parish of St Andrew Malvern.

Charity Registration Number : 1128973.

The Church is an unincorporated charity constituted as detailed earlier in this report.

Address

St. Andrew’s Church, Churchdown Road, Malvern, WR14 3JX

Secretary and Contact

Covered by the Operations Manager, c/o St. Andrew’s Church, Churchdown Road, Malvern, WR14 3JX.

Page 8

St Andrew’s Church, Malvern 2024

Leadership

Rector: Revd Dave Bruce Vicar in The Chase Team: Revd Emily Spencer (from 6[th] October 2024) Retired Clergy: Revd Nick Clarke Revd David Ritchie Revd Mark Slater Revd Helen Wilkinson Revd Jo Vickery (to 27[th] March 2024) Operations Manager Neil Attewell (from 6[th] January 2025) Liz Saunders (to 24[th] May 2024) Youth Ministry Leader: Nathan Shipton (from 8[th] April 2024) Children and Families Ministry Leader: Helen Attree Assistant Children and Families Ministry Leader: Ruth Wharton Wardens: Chris Mesley (to 21[st] February 2024) Lis Whybrow (to 21[st] February 2024) Steve Beldon (from 28[th] April 2024) Carole Nicholls (from 28[th] April 2024) Locally Licensed Ministers: Derham Cook Judith Keene Heather Williamson Deanery Synod Representatives: Jane Mortimore Carole Nicholls (to 28[th] April 2024)

Trustees (PCC Members) The trustees (PCC Members) who served during the year were: Dave Bruce (Chair) Emily Spencer (Vicar from 6[th] October 2024) Derek Barnes (Vice Chair) Chris Mesley (Churchwarden to 21[st] February 2024) Lis Whybrow (Churchwarden to 21[st] February 2024) Steve Beldon (Churchwarden from 28[th] April 2024) Carole Nicholls (Churchwarden from 28[th] April 2024) Andy Lymer (Treasurer) Derham Cook Nick Fane Val Fane (Parish Safeguarding Officer) Roger Kennell (Co-opted from 6[th] June 2024) Sylvia Knott (from 28[th] April 2024) Anna Laidler Jin Mehta (from 28[th] April 2024) Tristan Mitchell

Page 9

St Andrew’s Church, Malvern 2024

Jane Mortimore Carole Nicholls (to 28th April 2024) Ellie Noble (to 28th April 2024) Simon Noble (to 28th April 2024) Jennifer Oakley Beth Reed (to 28[th] April 2024) Colin Robbins Helen Simpson (from 28[th] April 2024) Heather Williamson Helen Wilkinson

11. Declaration:

The Trustees (PCC) declare that they have approved this Trustees Annual Report at their meeting on the 20[th] March 2025. Signed on behalf of the PCC:

Revd Dave Bruce MA Chair

Dr Derek Barnes Deputy Chair

Page 10

Charlty Roglstratlon No. 1128973 ST ANDREW'S CHURCH, MALVERN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ST ANDREW'S CHURCH, MALVERN CONTENTS Pago Indepondonl examinerfs re￿t Slolement of financial aGlivilie8 8alan¢e she81 Notes to Ihe financial 8tstgm¢nls 5-20

ST ANDREW'S CHURCH, MALVERN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANDREW'S CHURCH, MALVERN I report to the Iru81ees on my examinallon of the financlal statements of St Andrew's Church, M8lvern Ilhe Church) for tho year ended 31 December 2024. RésponBlbllhlè8 and bas18 of report As the INstees of the Church you are respon8lble for the preparatlon of the flnandal 81atement8 In accordance with the requlreman18 of the Charllie8A¢t 2011. I report in respect of my gxamination of Iho Church's finanGial stalomenls Carried out under 89¢1ion 145 of tho Charities Act 2011. In carylng out my examination I have followed the Directions giv?n by tho Chgrily Commission under section 14515llb} of thg Charits'esAct 2011. Indepondent &xamlnoVs 8tat&m8nt Since tho Church's gross incomo oxcgeded £250,000, th8 independent examiner musl be a member of 8 body Ilsled in section 145 of the Charflies Act 2011. 1 confirm that l am qualrfied to undertake the examination because l am a member of the Inslllule of Chartered Accountsnls in England and Wal85, whlch18 one of the listed bodies. I have eompleted my examlnatk*n. l confim that no matters have come to my attentlon in ttinneGlion with the examlnalion glvlng me cause to believe that In any material respect.. accounllng records were not kept In respect of the Church as required by sedon 130 of tha Charflle8 Act 2011. the financial stslemenls do not accord wllh those records., or the finonclal slalements do not Comply ￿th the applicable requlrements conceming the form and cor¢tent of financial slalemenls set out in the Charities (Accounts and Reports} Regulations 2008 other than any r8quirement that tho financial slatomonts give a true and fair view, which is not a maller considered as part of an independent examination. I have no concern8 and have come 8cr088 no other matter8 Sn connacllon wllh the examlnallon to whlch attention 8hould be drawn In Ihls report In order lo enable a proper underslandlng of the financlal slalèments to be raachtsd. Elvzabeth Needh8m ACA CTA (VAT) Kendall Wadley LLP Granta Lodga 71 Graham Road Malvern Worcgslershire R142JS Dated.. 2April 2025

ST ANDREW'S CHURCH, MALVERN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Curr•nt flnanclal year Unrestrlctgd Unro$trlcted Restrl¢ted Endowmant fund5 funds funds funds general deslgnated 2024 2024 T¢)tal Total 2024 2024 2024 2023 Notss Income and ndowments from: Grants and legaGie5 Voluntary inGome Church activilles Inv8slmenl8 Other income 14,750 22,087 10,382 523 14,750 220,263 41,837 5,753 12,917 59,000 255,399 31,849 1,299 16,757 197,535 23,570 5,230 12.917 641 7,885 Total Income 239,252 8,528 47,742 295,520 364,304 endlt ro on: CharSlable acllvllle8 210.129 10.838 93,817 314,784 284,348 Net gainsl{losses} on investments 39 39 148 Ngt InGome 11gxpondlturel boforo transfers 29,123 {2,3121 {46,0751 39 {19,225} 80,1C6 Gross transfers be￿08n funds 16 (5,7291 2.729 3,000 Net movgment in funds 23.394 417 {43.075) 39 119,2251 80,106 Fund balances 811 January 2024 154,831 13,298 88,439 1,718 258,268 178,180 Fund balances at 31 Decembèr 2024 178.225 13,715 45.384 1,757 239,061 258,286 The slalement of finandal activitie$ indud65 all gains and losses recognlsed In year.

ST ANDREW'S CHURCH, MALVERN STATEMENT OF FINANCIAL ACTIVITIES (CONTINUEDI . FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financial year Unrestrlctsd Unrestrlcted Restrlct9d Endovmwnt funds funds funds nd8 gèneral deslgnated 2023 2023 Total 2023 2023 2023 Notes Income and endowm Grants and logacles Voluntary inceme Church actlvilles Investh)ents Other incomlng resource8 nts from: 8.000 2,205 5,632 51,000 33,113 1,380 233 59,000 255,399 31.849 1,299 16,757 220,081 24,837 1,066 16,757 Total Income 262,741 15,837 85,726 364.304 Ex endlturg on: Charitable aclivltles 203,739 12,922 67,685 284,348 Nel galn51llossesl on Investmènts 11 148 148 Net Incomlnglloutyolngl resources before tr4nsfer8 59,002 2,915 18,041 148 80,106 Gros$ transfrTS btheen funds 16 133.715} 33,715 N•t movom•nt In fund8 25,287 2,915 51,756 148 80,108 Fund balances al 1 January 2023 129,544 10,383 36,883 1.570 178,180 Fund balances at 31 December 2023 154,831 13,298 88,439 1,718 258,286 The statement of finan¢lal activities include8 all galn8 and1088es recogn18ed In the year.

ST ANDREWS CHURCH, MALVERN BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notos Fixed asséts Tanglble a88e18 Inve8tment8 16 17 1,802 1.718 1.757 9,843 3.520 Currènt assots Debtors Cash at bank and in hand 18 7,237 238,626 4,652 259,913 245.863 264,565 Credltor¥: amounts falllng due wlthln ong yoar 19 {16.6451 {9,7991 Nèt currènt assets 229,218 254,766 Total assets less curront Ilabllltlgs 239,061 258,28e Capltal fund8 Endowment funds Income fvnds General restriGlgd funds 21 1.757 1.718 45,364 88,439 22 45,364 88,439 Icted funds Designated funds Gongral unrestriclod fijnds 23 13,715 178,225 13,298 154,831 191,940 168,129 239,081 258,286 The Trustees (PCC} declare that they have approved the Annual Financial Statements at their meeting on the 20th March 2025. Signed on behalf of the PCC= Revd Dave Bruce MA Chair Dr Derek Barnes Deputy Chair

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AG¢ountlng pollcles Charlty Informatlon Sl Andrew's Church, Malvern is an unincorporated charty Icharty number. 1128973) and its office Is Churchdown Road, Malvern, WR14 3JX. 1.1 Accountlng conventlon The financlal 8lalement8 have been prepared In accordance with the Charities Act 2011 and "Accounting and Reportlng by Charities.. Statement of Recommended Practice 8pplS¢able lo charitles preparing their aecounta in accordancè wllh the Flnanclal Reportlng Standard applieable in the UK and Republic of Ireland IFRS 1021 leffectlve 1 J8nuary 20191" havlng regard to the Church Representation Rules (last updated 20201 Th9 Church is a Public Benefit Entity as defined by FRS 102. The Church has taken advantage of the provislon8 In thè SORP for charftles apptying FRS 102 Update Bulletin 1 not to prepare a Statemènt of Cash Flow8. The flnancial $latemenls have departed from the Charities (Accounts and Reports} Regu18tlon8 2008 only to the extent requirod to provido a Iruo and fair view. This d8parture has involved follo4￿ng the Statement of Recommended PTacti¢e for charities applying FRS 102 Tather than the verslon of the Statement of Recommended Pradce whlch Is referred to In the Regulations but which has since been withdrawn. The finandal statements are prepared in 81erting, whlch is the functional ¢urronGy of the Church. Monetary amounts in these financlal statements are roundèd lo the nearest £. The 3lnaneial statements have been prepared under the hlstorical cost convention, modified lo Include the revaluation of certaln financbal Instruments at fair value. The principal accounting pollcie8 adopted are 8et out below. 1.2 Golng coneem At the timg of approving the financial statements. the Iru8lees have a reasonable expectation that the Church has adequate resources to contlnue in operational existence for the foreseeable future and that there are no material uncertainli8s about ils ability lo continue. Thus the trustees contfnue to adopt the going concern basi8 of accounllng in preparing the financial Slalements. 1.3 Charltable funds Unrestricted fund8 are available for use at the discretion of the truglee8 In furtherance of their charitable objectives. Deslgnaled funds comprSse funds whlch have been 881 asld8 al the dlscrètson of the Iruslees for spedlic purposes, Th8 purposes and uses of the deslgnaled funds are set out In the notes lo the financial statements. Reslrfcted funds are subject lo specific condiuons by donors or grantors as lo how Ihoy may be used. The purposes and uses of the restricted funds are sel out in the ngtes to Ihg financial slatemanls. Endowment funds are subject to specfflc c¢nditlons by donors that the capital musl be maintained by the Church. 1,4 Incgmg Income Is re¢ogniyed when the Church Is leg￿lY enlilled to il after any performance eondltlon8 have been met, the amounts can be measured rellably, and1118 probable that incom6 wlll be recelved. Cash donations are rocognlsed on rocelpl. Other donaUon8 are recognlsed once the Church ha8 bean nofjfled of Ihg donation, unless perfomiance conditions require deferral of th& amount. Incomè lax recoverable In relation lo donations received under GiftMd or d8ed8 of covenant is recognised at the timg of the donallon.

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies Icontlnued} Legacles are recognisgd on receipt or olherwse If the Church has been notified of an Impending dlslributs'on, the amount is known, and receipt Is expècted. If the amount Is not known, the legacy 18 treated as a contlngenl assoL Expenditure is recognised once Ih6r$ 18 a lègal or conslNcllv& obllgallon to transfgr economlc benefit lo a third party, it Is probable that a transfer of economic benefit8 wlll be r8qUiTed in $elllernent, and the amount of thè obllgalion can be measured reliably. Expendkure is cla881fied by aclivily. The costs of eaGh activity are mada up of the lolal of dlrect costs and shared cost8. Includlng support Costs Involved in undertaking each aclivlly. Dlrecl costs allributsble to a single activity are allocated directly to that activity. Shared costs which contribute to mor8 than one acllvty and support ¢osts which are not attributable lo a single activity are apportioned between those a¢tivilie$ on a ba818 consistent wlh the use of resources. Central staff costs are allocated on the basls of time Spent, and depreciation char￿$ ore allocated on the portion of the as881'8 use. 1.5 Tanglble fixed assets Tangible fixed 8sset5 are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impalmenl losses. Equlpmenl used wlthln the chLTrch premlses {includlng th8 Church Centre and the Chase Team Office) is depreciated on a slraighl ling basis over four years. Indivldual Items of equipment with a purchase price of £1,500 or less arg written off whon the as5el is acquired. The gain OT loss arising on the disposal of an a888118 determined as the dirreren¢e bètween the sale proceeds and tha carying value of the asset, and Is recogn188d In the 81atem8nl of flnanGlal acllvlll88. Consecrated and bengfice propgty is not Included In the accounts by vlrtue of $9612llal of th6 Chariti8s Act 1993. Mtsvable church furnishings held by th& Vicar and Churehwarden8 on special trust for the PCC and which require a f8cully fc>r di8posal are inallgnable property, listed in the Church's Inventory, whloh can bè Inspected {81 any reasonable tlmèl. For anylhlng acqulred prior lo 2000 there is In8Ltfficienl cost information available and, therofore, $u¢h as8818 are not valued In the financlal 81aternenls. 1.6 Flxod asset Invgstmonts Flxed asset investments are initially measurecl at transaction prlce excluding transaction costs, and are sub8equentty measured at fair volue ol each reporting dale. Changes in fair value ?ro recoyn188d in net Incom81{expendllure} for the year. Tiansaction costs arg ¢xpènsed as Incurred. 1.7 Impalrm8nt of fixed assets Al each reportlng end dale, the Church revlews the carrylng amounts of Ils tangibl& as5915 to determine whether there Is any indScallon that those assets havo suffered an Impalmient loss. If any such indlcalion oxisls, tho recoverable amount of the ass81 is 881imated in order to delermlne the exlenl of the Impairment loss lif any). 1.8 Q￿h and ￿8h equfvalents Cash and ￿$h equivalents indude cash in hand, deposits held at call wlh banks. and other short-temi liquld inveslmonl$ wlh original malurtties of three month8 or less.

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢ies (Contlnuedl 1.9 Flnanclal Instrumonts The Church has elgcted lo appty the provisions of Section 11 'Basic Flnancial Instruments, and Section 12 'Olher Financial Instrumgnts Issues, of FRS 102 to all of ils financial instruments. FlnanGlg1 in8lrumenls are recognised in the Church's balance sheet when the Church becomes paty to the ¢ontraclual provlsions of the inslrumonL Baslc flnanclal assets BasiG financial assets, which Include debtors and cash and bank balances, are Snltlally m&a8ured at transaction prico including transaction costs and are 8ubsequently carried al amorts'sed cost. Flnancial assets lassified as receivable wfthin one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabililios, including creditors and bank loans are inllially recognlsed at transactlon prlce. FinancAal liabilities dassified as payable within one year are not amorb8ed. Derecognitlon of flnanclalllabllltles Financlal Ilabllllles are derecognised when the Church's contractual tsbligalion3 expir¢ or are discharged or cancelled. 1.10 Employèè benDflts The cost of any unused hollday enlillement Is recognlsed In the period in which the employee's setvices are reGeived. Tgrminalion beneffts ar? rgcognised immodialoly as an expgnso wh&n the Church is demonstrably committed to terminate the employment of an omployoo or to provido termination benefits. 1.11 Retlrem&nt beneflts Payments to defingd contribution retirement benefit scheme8 are charged as an expense as they f811 due. Crltlcal accountlng egtlmats$ and judgements In the application of the Church's accountlng pollcles, the trustees are required to make ludg8ment8, estimates and assumptions about the carrylng amount of assets and Ilabllille8 that are not readily apparent from other sources. The estimates and associated a8sumptlon8 are b88ed on hlstorleal experien￿ and other factor8 that are consldered to be relevant. Actual results may dWfer from these estlmales. The e811mate8 and underI￿n9 assumpllons ar8 r8vlew8d on an ongoing bads. Revisions lo accounllng e8tlmat88 arè recognised in period in which the estimate is revisgd wh¢re tho revision affects only Ihal period, or In the pèriod of the revision and future p8riod$ vthere the revision affect$ both current and future perlod8.

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants and legaclgs Restrlcted Unrestricted funds nds Restrlcted fund8 Totsl 2024 2023 2023 2023 Legacies receNable Grant income 8,000 8,000 51,000 14,750 51,000 14,750 8,000 51,000 59.000 Logaclos r&c8lvable H.E Baxter18gacy gift 8,000 8,000 8.000 8.000 Grants rocglvablg for Goro a¢tlvltle$ MHDC grant for CAP Worcester Diocese re salaries 8,750 6,000 10,000 41,000 10,000 41,000 14,750 51,000 51.000

fo￿00 tse) *0

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Church activities Church actlvltles 2024 Church actlvltles 2023 Activities Weddings and funerals Miscellangous income Blessings fund Church centre hirlng Octsgon coffee 8hop Bereavement caf8 income 11,197 4,901 40 2,133 18,404 1,087 4,075 5,543 3,440 60 788 17,843 900 3,275 41,837 31,849 Anatysls by fund Unrestricted fvnd$- general Unrestricted fvnd8- designated R8slrlcted funds 23,570 7.885 10,382 24.837 5,632 1,380 41,837 31,849 Incomo from Investmonts Unrastrl¢t6d Rostrlcted funds funds 2024 2024 Total Unrestrfctod Restrlctsd funds funds 2023 2023 Total 2024 2023 Int8ie8t receivabl8 5,230 523 5.753 1,066 233 1,299 Othgr Incon Unre8trfctsd UnrgstrlGted funds funds 2024 2023 I Saints expenses 8h8re and other Income 12.917 16,757 10-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Gharftablo aGtlvltlp¥ Church actlvitles 2024 Church actlvltleg 2023 Stsff c0818 Depreclalion and impairment Ministry share Church 'awaY glvlng Clergy expenses and service cost5 Weddings and funorals (WDBFI Office costs Youth and chlldrens work Mi8slon and communhy Buildings runnlng and maInlenan￿ wsts Miscellaneous B¢reavem8nl cafe expgndlture Octagon acllvllles Light and heal 108,544 2,335 100,000 23,484 6,785 2,749 11,018 3,447 21,074 18,048 1,997 4,202 2,626 7,190 94.287 3.966 83,850 17,359 8,026 1,657 5,354 3,538 36,309 10,049 2,353 3,946 2,055 10,427 313,497 283,176 ShaTe of support ¢o$ls (see note 101 Share of govemance eosls18ee not8 101 597 890 480 690 314,784 284,346 Analys1$ by fund Unrestritled ￿nd8- gèner81 Unrestricted funds-designated Reslricled funds 210,129 10,838 93,817 203.739 12,922 67.685 314,784 284,346 Trustse8 Paymgnts to PCC Members: During the year, o Trustee Beth Reed wa8 pald £8.795 for her role as8181ing wlih office adm1nlstrallon. A Trustee Sylvia Knott was pald £712 for her r¢le as 8 de8ner. and a further £493 lor 8elf employed work as a cleaner. During the year, the church reimbursed £3,623 of 0X￿n5¢S to one trusleo relating to travgl and 8ub818lence, conference cost8 and telephone costs. 11

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Support cos18 Support Governance ¢osts osts 2024Support C08ts Governan Costs 2023 Accountancy 597 597 480 480 Independent examination fee8 690 890 690 890 597 690 1,287 480 690 1,170 Analysed be￿en Charftsble activities 597 690 1,287 480 690 1.170 11 Galng and 10s8e8 on Inve6tm9nts Endowment Endowment funds funds 2024 2023 Gain8lOosse8} atl8lng on.. Revaluation of investsnènts 148 12 Taxatlon The ¢harlty 1$ exempt from laxallon onlts 8Ctlvllle8 b8cau88 all its Income Is applied for char118ble purposes. 12-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Employfjes Number of omploygos The average month5y number of employees durtng the year was.. 2024 Number 2023 Numbgr Average nurnbor of omployg9s Employmgnt costs 2024 2023 Wages and salaries other penslon costs 107,070 1,474 93,073 1,214 108,544 94,287 2 èmployé8s12023- 2) are related to CAP activity. Total wagg$ were £38,584 {2023- £25.3041 Including £702 {2023- £3731 re pension costs. 3 gmployee¥12023- 21 are related to Youth and Child¥en's wort(. Totsl wages were £39.70212023- £27,246). There were no employees whose annual romuneration was £60,000 or mcre. 14 Retiremont bonefit schemes 2024 2023 Deflned contrlbutlon Schomgs Charg8 lo profll or10s8 In respect of defined conlrlbution schemes 1,474 1,214 The Church operates a defined conlrfbullon penslon Scheme for all qualifying employees. The assets of the scheme are held separately from thos¢ of the Church in an independently adminislored fund. 15 Tran5fors The transfer from unrostricted to restricted fvnd$ In 2023 represents the amount needed to rgflect the amounts held In bank accoun18 for CAP. The £2.729 transfer from unreslrlcled lo designalgd funds in 2024 repre8enl8 amounts to cover doficils in some designated funds. The £3,000 transfèr from unrestricted to rostricled in 2024 represents church funds donated lo CAP In the year. 13-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Tanglk]lo flxgd assets H411 Equlpment Churth Equlpm8nt Totsl Cost Al 1 January 2024 Additions 20,338 14,446 8,619 34,782 8,e19 At 31 Do¢embgr 2024 20,336 23,065 43,401 Depreclation and impalmi•nt Al 1 January 2024 Doprecialon charged In the year 20.336 12.644 2,33 32,980 2,335 At 31 December 2024 20,336 14,979 35,315 Carrylng amount At 31 December 2024 8,086 8.086 At 310ecember 2023 1,802 1,802 17 Flxod asso1 Investments Llsted Investments Cost or valuatlon Al 1 January 2024 Valuallon ¢hango8 1,718 39 Al 31 December 2024 1,757 Carrylng amount Al 31 December 2024 1,757 At 31 Decemb&r 2023 1,718 18 Debtors 2024 2023 Amounts falllng dug wlthln one ygar.. Trade debtors Other debtors Prepaymen18 and accrued incom8 6,040 562 635 4,852 7,237 4,652 14-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Credltor8: amounts falllng due wlthln ono year 2024 2023 Notes Other taxation and social security Deferred Income Trade credllors Accruals 800 20 13.250 120 3,275 729 8,270 16,645 9,799 20 Dofgrred Income 2024 2023 Arising from government grants Arising from LEAF in¢ome relating to CAP 2,250 11,000 13,250 Deferred income is included In the financlal stataments as follows.. 2024 2023 Deferred income18 Included ￿thIn. Current Ilabllities 13,250 Movements In the year.. Deferred income * 1 January 2024 Resourc8s d8f8rred In the year 13,250 Deferred income at 31 December 2024 13,250 21 Endowm8ntfund8 Endowment funds ropr$senl a$sg1s which musl b¢ hold pemianendy by the ChurGh. Income arising on the ondowmont funds can be usfjd in accordance wth th6 objects of th8 Church and 1$ included as unrestricted income. Any capitsl gains or losses arising on the assets ft)mi part of the fund. At 1 January 2024 Galns and lossèy At31 December 2024 Pormanant ondowments 1,718 39 1,757 15-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 21 EndO￿nOnt funds {Continu•d Prevlous year.. At 1 January 2023 Galns and los$e$ At31 Dg¢gmber 2023 Parmantnt 8ndowments 1,570 148 1,718 16-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Restrlcled fund8 The reslricled funds of tho charity comprise the unexpended balances of donalign$ and grants held on trust subject to specific conditlons by donors 88 lo how they may be used. Movement In funds Incomlng Resou￿09 rosourceB 8XP8ndod Balance At l January 2024 Tranafot Balance at 31 Decembèr2024 AP Malvern Staffing ¢08ts Youth Evangell8m 39,538 47,647 40.242 6,000 {53,2151 {39,7021 3,000 29,565 13,945 1,254 1,500 {9001 1,854 8e.439 47,742 193,8171 3,000 45,384 Balance at 1 January 2023 Incomlng ro$our¢e$ R￿0￿r6e$ expended Tran8fo Balance 8¢ 1 J8nuary 2024 CAP Malvern Staffing costs Youth Evang81ism 15.429 20.000 44,728 41,000 154,3321 113,3531 33,715 39,538 47,847 1,254 1,254 36,683 85,726 {67,8851 33,715 88,439 Des¢rlptlon of restrfcted funds CAP Malvern- the local Christians Against Povety operallon in Malvem Is organised under Ihg legal oversight of St Andrew's churGh, although is supported In It8 costs and operalitsn across g range of individuals, churches and grant awarding bodies in the Malvem and Ledbury land to a Ilmlled degree, wlolerl areas. As such, and to show that funds provided for this are not used morg widely for unrelalod St Andrews activity, we 118É all incoming and outgoing resource8 as 8 restrlcted fund. Staffing costs- this relates to the management of resources kindly prtsvided lo u8 by ths Diocese in support for some of the costs of some of our staff. Wg track these resources as a reslrfcllve fiJnd to ensuio wo can show how these funds have been corredy and fully 811oc81ed a8 required by thls source. YoLrth Evangellsm IhSs fund relates to funds from several sources that were glven lo the church solety for youth related purpo$eB. We have treated these collectively as reslrlcted funds to ensure It is clear how these fund8 have been applied for, and only for, the purpose they were given to u8. 17-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Unrostrlctod funds- d8slgnatsd These are unreslrictgd fLmds whiGh are rnalerial lo the Church's artivities. Movement In fund$ Incomlng resour¢e8 Balan¢0 a¢ l January 2024 R880ur¢e$ oxpend Tran8for8 Balan¢e at 31 Do¢ombor 2024 Octagon activille8 Defibrilator Little T￿aSUreS Capital Fund Projects Blessings Fund Spec(al Collection8 B8reavemenl Cafe Towards not zero preparallon 250 (8) 1,087 40 {2,6261 1,289 32 1,666 550 {8981 1.318 312 312 4.365 2.133 (2,445) 4,053 641 {6851 24 11,2871 4,075 14.2041 1,416 8,000 8.000 13298 8,526 110,8381 2,729 13,715 Balancg at 1 January 2023 In¢omlng resoiir¢e8 RO80U￿¢S expènded Trnn$lor8 Balancg a¢ 1 J8nuary 2024 Octagon actlvltl88 Defibrllator Llttle Treasures Capital Fund Projects Blessings Fund Spedal Coll8Ctlons Bereavemant Cafe Toward8 net zero preparation 1,405 161 900 12,0551 1229) 250 {81 1.057 809 1,686 312 312 7,102 788 {3,5251 4,365 2,205 13,1671 (616 3,27S {3,9461 11.2871 8,000 8,000 10,383 15,837 (12.9221 13,298 18-

c¢N rfj X ¢bt J N CO 4) in r 0￿-

ST ANDREW'S CHURCH, MALVERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Relatgd party transactlonG There were no diselosable relalod party transactions during the year12023- none). 20-