St John's Grove Parochial Church Council Reports & Accounts Financial Year Ending 3111212024 Contents Legal & Administrative Details Tmstees Rewrt Independent Examiners Report Statement of Financial Activities Statement of Financial Posrtion Statement of Cash Flows 10 Notes - Accounting Policies Notes - Analysis of Income & Expendtture Notes - Analysis of Net Assets Be￿een Funds Notes - Other 11 14 15 16 Created using ExpensePIus Year ended 31st De￿mber 2024 Legal & Administrative Details Charity Name: Grove Par¢xhial Churth Counol Charity Number". 1129066 Charity Address". Vale Benefice Office, Main Street, Grove, Wantage, Oxon, OX12 7LQ Trustees.. Anne Cheeseman Bev Rolls (Appointed 1110512024) Colin Moulds Chris Franklin {Appointed 1110512024) Dr Nicholas Terrill Chris O'Neil (Appointed 11105120241 Frank Parnell Frances Hobson (Appointed 11105120241 Georgina Cook Helen Ha￿cO James Mabbett Johanna Fadipe Nicky Gibbard John Hudson (Resigned 11105120241 Revd A Gill Noel Baker (Appointed 11105120241 Rachel Hutchin Sarah Shackleton Key Management Personnel: PCC Secretary: Georgina Cook Treasurer. Frank Pamell Churchwardens. Nicky Gibbard and Nick Terrill Associate Vicai." Revd Aec Gill Parish Safeguarding Officer.. Anne Cheeseman Name & Address of Primary Banker.. The Co-operatwe Bank, PQ Box 250, Delf House, Southway, Skelmersdale, WN86 Independent Examiner.. David c￿ke & Co. 5 Briar Cbse, Banbury, OX16 9DS Page 2 of 20 Year ended 31st De￿mber 2024 Trustees Report Objects of the charity The aim of the PCC is to cooperate with the ordained clergy in providing and promoting the whole Christian mission of the church, through worship, pastoral, evangelistic and social activities, and to support and draw others to the love of God. Our vision is for St John's to be a Christ-centred Church and grow in numbers, faith, fellowship and mature godliness, sharing God's hope and expressing God's love for creation, while taking an active role in building a flourishing and inclusive o)mmunty in Grove. The full PCC met 6 times during the year. with an additional APCM. discussing issues including finance,. worship,. outreach; safeguarding; ytyJth Kork; fabric improvements; health and safety,. and community engagement. In carrying out the activities of the PCC in the ye¥ under review, the trustees have had regard to the public benefit guidance issued by the Chartty Commission and are satisfied that the activities mentioned above have all been for the public Summary of the charity's main activities and achievements To further the above objects and vision, the charty's main activities and achievements were as follows= We continue lo hold three servi￿5 every Sunday. offering a range of different worship opportunities across our congregations. Our 10'.15am service continued to be live-streamed throughout 2024 and has been a support for those who are not able to attend in person. The number of people on the Electoral Roll is now 120 with attendance at Sunday servi￿$ increasing during the year. We have seen several families, couples and individuals join our church ommunity. There was 1 Blessing and Thanksgiving for the Birth of a Child, and 9 baptisms, as part of our 10:15am Communion Service. The clergy conduded 7 funerals in church and 1 wedding. The church hall continues to be regulady used for church activikn.es and community events and by l¢xal groups. The last year ha5 been shaped by us being in a vacancy for the role of Viczr, following Rev. John Durant's retirement in January 2024. The parish nominated 3 parish representatives, that work together with other parish reps frorn across the benefice, in conjunrtion with the Diocese, to ueate a parish profile and advertise for this role_ In October. our Assoaate Wicar. Rev. Alec Gill. applied for the role and was appointed Vicar designate, taking on the new role in January 2025. We have been blessed by visiting retired clergy and congregation members taking on extra ie5POnsibilitie5, and leading Servi￿5 throughout the year. During the year, we have benefited from our LLM. Sarah Shackleton's, continued ministy, leading services and starting a Messy Church, that met for Good Friday and before Christmas. The link with our church sthools continues to be very strong. A very dedicated Open the Book team continue to go to schwl each week to teach a bible story. The church hosted and led a prayer space for Grove Pnmary Sch￿1 in the Church building. Across the year the Viva Network has been our overseas focus of mission. we have had visits from The Cornerstone and have increased our connections with The Wantage & Grove Street Pastors. Page 3 of 20 Year ended 31st De￿mber 2024 Structure, Governance and Management The PCC has been fomied under the Parothial Churth Council {Pc)wer¥) Measure 1956. PCC members are reLYUited in a number of ways. The clergy, churchwardens and treasurer are members by wrtue of their offi￿. Deanery Synod represerrtatives are elected by the annual parochial church meeting (APCM) and hold office for three years. Other members of the PCC are elected on a three-year rolling basis at the APCM. ex￿pt for b'mes when there are gaps to be The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make deasions bel￿een PCC meetings subject to keeping the PCC infomied as fully as necessary. The full council rneets bi-monthly with sub-committees as detailed below. These sub- committees report and recommend to the full council. The PCC is responsible for all parish finances, its management and control, including the appointment of a trea5uiei. MeTnbet5 of the PCC are re5porisible foi keeping acwunting recor(J5. which disclose with reasonable accuracy the financial ￿sItIon of the PCC to enable them to ascertain the financial position of the PCC and so ensure that the financial statements comply with the Church Accounting Regulations 1997 as amended by the Church Accounting (Amendment) Regulations 2001, the Charities Act 2011 and the Charrties Statement of Recommended Practice {FRS 1021. The PCC is responsible for safeguarding any assets and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. The PCC is also required to ensure that the financial statements are examined by an independent examiner or auditor prior to presentation to the APCM. In preparing the finanoal ststements. the PCC is required to= Select suitable accounting policies and then apply them consistentty. Make judgements and ests'mates that are reasonable and prudent. Follow applicable accounting standards and ststements of recommended practice, subject to any material departures disclosed and explained in the financial slatements. Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will remain in operation. The PCC met every other month on Tuesday nights and is served by a Stsnding Committeo and various sub-committee5 as detailed below. There is an Annual Parochial Church Meeting held be￿een March and May each year. ￿lch in 2024 was held in May. There are the following sU￿¢0mMitteeS which all contain at least one PCC member. and all regularly report back to the PCC: Standing Committee: Consists of the Vicar, Associate Minister, Churchwardens, Treasurer and Secretary. Responsibilities as stated above. Finance Comfflittee". Supports the treasurer. Monitors church finances and makes recommendations to the PCC on budget setting and management of ChU￿h funds. Pastoral Committee.. Monitors and suppjrts pastoral work wiihin the church. Facilities Management Group- Manages the daY-t￿daY issues with church fabrie and the churchyard. Also supports and advises on any new fabric proiecls. Page 4 of 20 Year ended 31st De￿mber 2024 Social Committee.. Encourages, plans and organises social and fijnd-raising events for the church. Grow {Grove and Wantage Family Community Group): Its Management Commrtlee is a Su￿commrttee of the PCC and include at least tsvo members of the PCC. Mission.. A member of the PCC monitors our interacts'on with the MisS￿n organisations we supwrt. Environmental Committee.. To work towards the challenge set to us by the Di¢xese of Oxford and the Church General Synod. to reach net zero carbon across our parish by 2035 Accessibility Committee: Their aim is to make everyone feel welcome in church by removing any barriers to people coming and ensuring that everybc#Jy has what they need to have equality of experience. Financial Review The 2024 accounts show a defiat of income over expendtture or £5,800 for the unrestricted funds once the transfer of money to the Benef￿ fund is taken into account. Of the restricted funds the Benefice fund had £2,800 shortfall of income, On￿ the transfer from the general fund, towards the costs, is taken into account. The Fabric and Hall maintenan￿ funds also had a deficit, but this was due to spending money left from previous years. In 2024 the General fund income from hall and r￿rn lettings was about £14,000 which is an increase ofjust over £1.000 than 2023. This is made up of£11.000 from outside bodies and £3,000 cross charge from Grow {Grove and Wanlage Family Community Group), whith is separate committee and fund of the PCC. In 2024 our utility costs reduced from £12.500 in 2023 tojust under £9.800. This was mainly due to the renewal we negotiated in 2023, at reduced rates, with a different company. As these were fixed rates the costs should remain at the same level in 2025, assuming a similar usage. During 2024 we received income of just over £6,7LKI from the rental of the Curate's house. However, we did have to cary out some fijrther refijrbishment work totalling some £9,000. We received £5,100 from the di0￿Se towards these as their 48% contribution of the costs. In tems of general funds. the financial position is healthy. with an unrestricted cash balance of just over £57,195. Some of this is held as contingency in line with the reserves policy below, whilst other is earmarked towards several large expendrtures that will occur in 2025. We are, as always, extremely grateful to those of the congregation continue giving on a regular basis. as well as the special donations we receive from them for additional expenditure items that arise. Finally, thanks 2rÉ also duÈ to SUÈ PamÈll who artÈd as bookkÈÈpÈr during thÈ yÈar and to Pat Bates who counts and banks the money each week. Funds in Deficit The Benefice fund is shown as just over £2.800 in deficit. This is due to an error in calculating the contributions required frcffl each parish for 2024. It is intended to correct this by increasing the contributions in 2025. Page 5 of 20 Year ended 31st De￿rnber 2024 ReseNes Pollcy Grove PCC aims to hold suffiuent money to covw equival8nt of 25% of annual general running costs. The ￿rrent general funds are enough for this policy. The Grove and Wantsge Famity Communty Group (Grow) has approximatety nne months, worth of nonnal expendiiure in hand and is currenty lOokn￿ at obtainirfj additional gr￿ts. ft is fully expected that this. along with expected grants, should enable this work to contiiue for 2025. Responslbllltles of Trustees under charlty law The trustees are responsible for preparing the trustees. annual rewrt and the financial statements in accordaneE with applicable law arKI United lfjrydom Accounting Stsndards (United lQnodom Generalty Accepted AC1￿UntIng Practtce). Charity law requires the trustees to prepare financial ststemetrts ftjr each financial year whith give a true and fair view of the state of the affairs of the charity as at the balance Sheet date and of its incoming resour(ts and application of resourcts. including income and expenditure, lor the finanual year. In pr8parirwJ these financial stater￿, the trustees are required to.. 1. select surtable accounting policies and ap￿ them ￿nSiStenty. 2. observe the methods afKI principles in the ChaTitFes SORP. 3. make judgements and estimates that are reasonat* arKI WLthnt. 4. state whether the applicable accounting stsndards have followed. subject to any material departures disclosed and exKAained in the financial statements. 5. prepare the financial ststements on a going con(wn basis unless li is inappropriate to esume that the charity wll continue in operation. The trustees are r8sponsiL4e for keeping ￿ountIng records that dtsclose with reasonable accuracy at any time the financial p0S￿On of ￿ (*aiity and enable them to ensure that the financial statements comKty with the Charities ALI 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguardiThJ the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularitses. Slgnature This report was approv￿ by the trustees. and is sigws on their behalf by.. Name.. Nicky Gibbard Signature.. Date.. /oq_l?_r Page 6 of 20 Year ended 31st December 2024 Independent Examiners Report I report to the trustees on my examination of the accounts of Grove Parothial Church Council (the chariw) for the year ended 31112r2024. Responslbllltles and Basis of Report The PCC is responsitAe for the Preparat￿ of the accounts. The PCC considers that an audit is not required for this year under section 14412) of the Charib'es Act 2011 (the 2011 Act) and that an independent examination is needed. The PCC is preparing accrued accounts. It is my reswnsibilty to examw)e the accounts under section 145 of the 2011 Act follow the procedures laid dovm in the general Direclions given by the Charity c￿nMiSsion under section 145(5Xb) of the 2011 Act stste whether particular matters have corne to my attention. My exam￿ation was carried out in accordance %*ith the general Direclions grven by the Charty Commission, and to be found in the Church guidan￿, 2006 edition. An examination inclLKles a review of the aco)unting records kept by the PCC and a comparison of the accounts wtth those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees conceming any SLJch matters. The procedures undertaken do not provide all the evidence that V4fJuld be required in an audit and consequentty I do not express an audil opinion on the view gp4en by the accounts. Independent Examlnern Quallfication l am qualtfied to undertake the examination by being a Fellow of the institute of Chartered Accountants in England & Wales Independent Examlnevs Ststement I have completed my examination. I confim that no material matters have come to my attention in connection with the examinalion gmng me causeto believe that in any material respect: 1. accounllng records ￿Ere not kept in accordance ￿ryth section 130 of the 2011 Act., or 2. the acc￿nts do not a￿rd with the ac¢ountirvJ records. I have no concems and have come auoss no otr,er matters in connection the examination to which attention should be drawn in order to enab￿ a proper Ur￿￿￿nd1￿ of the accounts to b8 reached. Independent ExamIne￿3 Oetsils Name: David Cooke & Co. Address.. 5 Briar Close, Banbury, OX16 9DS Name. David Cooke Signature.. Date". Page 7 of 20 Year ended 31 st December 2024 Statement of Financial Activities ftestncted Endowment Total Prior YeaT [￿a￿on5 & Lewes 124. .411 185265 207.679 Charitab￿A￿b￿be5 7.744 7.744 18.621 InY8strn8nts 424 424 475 Trading Artwths .057 Xl.Y2 19.852 7.457 981 Total Incoming resource5 183 188 58.284 221.472 247.608 CharitabkAcb￿b&s 163. 65.979 229.485 218.081 Rgiwng Funds Govemant* CoGts SuFV(Xt Other Total re50urce5 Used 164.191 $5.979 230.170 218.766 Fund Transfers In 4.791 4.791 Fund Transfers Oui 4.791 4.791 N•t￿￿1 Rwwce5 IbelDre 9sinw1055e51 28.842 Inve5trnent Gains lor Losses) 28 842 Assei Revaluaiion Nèt Movementof Funds 28.842 Totsl Fund5 Broughl FDrward 94.871 53.862 148.733 Total Funds Cairied FopNard 89 078 140D25 148 733 Gener4 IUnresthd&) .613 63.613 64.671 Benefice (Resthctedl -2.812 -2.812 2.3 Grow IRe51rictedl 41.927 41.927 37.779 Cwates Pl￿$e (Despiaiedl 3.589 2.033 FabiK {Resknd￿l 2.841 2.641 4.143 MISSKII IRestrictedl 7.967 7.￿7 7.967 OWEts IReslr1￿tedl Legaey DonatKpns IDesi9n£tedl 11. 11.485 18.017 Wtddings and Fun6￿8 IRestnthii gan loes￿nated) Teth replacement & upgrade5 (Des￿)1aled} H￿1 MaiTrtenon¢¢ Fund Ioiiginally Hal Phase 21 (Resi￿ted) 839 1.427 c￿￿ng￿¢Y IDtsignat&ll 10.r 10.ri 10.0 SpeGio1 ¢&lecbon3 IReslnthdl I I ILI 196 Page 8 of 20 Year erKled 31st December 2024 Balance Sheet N¢trCunertAJaets 36,612 Inh*Jtment$ CurrnL*A**È 57.1 51353, IC*.448 114,337 217 1.073 51.5 11Q321 117.785 3.413 tJ41 4.7S4 3.413 4751 5,864 l TErrn l Mortg•ge Nèt Current Assets 55.409 50.158 105.567 l Generd 83.613 63.613 64.871 4412 -2.812 2,356 41,827 41.927 37,778 3.S89 Fobit ConbWW (D•*yrdt•dl 10.r 10.000 10.000 Slgnature These accounts have been approved by the trustees, ￿d are signed on their behalf by: Name Nicky Gibbard Signature.. Dale.. 2S Page 9 of 20 Year ended 31 st December 2024 Statement of Cash Flows Cash Flow froffl Opvatlr4J ActI￿t*S Net Sutplus IdEficrtl 4.698 28.842 ALljoYstn￿nts Fvr.. Fixed A&%el Depr￿￿4 4.052 3.767 L&ss InVes￿ent Gains Aeetyunts Rètèiv*ilè DÈLY*aSè 1.575 1.$54 Prapayn￿t5 Dttréasè Accounts Payabk Inci8a8è -910 0818￿ed In¢ryn8 InThse Less Interest Receiv 424 475 LÈS¥ Salè tsf AssÉts LessAssel Res7lual Loan Interest Paid Interest R￿cE￿ed 424 475 saI￿Of Less Purchase of Assets -1.776 Retum of Investments Lp55 MDnEy Inve51ed CgBh Fknw Irom Flnancir& Logns Received Less Lofin Repa￿r￿￿tE Less L￿n Interest Paid l.IcTea5e Idecreasel ID Cash 58 22.695 Cash at start o- pe.od at of ponod Rep￿se￿Ie￿B￿." Gener4 IUnresknct4d) .751 Benefice IRe$trctgdl -2.764 Grow IRe5knGt8dl 42.477 Cwatés ￿s@ {D85iwatqdl FabiK IResthc￿d} 2.496 Mis5￿ {Re5trictthl 7.967 Aowers (Reslnciedl -13 L•oacy D(Jnat￿$ IN￿ Rwlrictsdl IDo6iWa￿dj 8.153 Weddings and FUn&￿S IR¢stn{*￿) an IDèayna￿dl Téth rapLryc8tn8nt& upurad8s I08s￿nated) 170 H￿1 Maint8nanc8 Fund I0￿¥nallY Hal ph￿ 21 IR8slrKknII 839 lingwcy108signatwJl 10,tXL) Special Cdle¢tions (Restri￿ed) 25D TOTAL R•pYtswt•d By 108A40 Page 10 of 20 Year ended 31 st December 2024 Notes - Accounting Policies Basis of Preparation These financial statements have been prepared in accordan￿ wrth the "Ststement of Recommended Practi￿.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 ("the Charities SORP.), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland I"FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. The cnarlues (Accounts and Reports) Ftegulatbns 2008 Itne '2008 Regulaiions'l requlres charltles to prepare their accounts in accordan￿ with 'Accounting and Reporting by Charities". Stalement of Recommended Practice effective from 1 April 2005. but this accounting stsndard has since been withdrawn and has been replaced by the Charilies SORP mentioned in the preceding paragraph. The charity has prepared these financial slalemenls in accordance wilh the new Charities SORP.. this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a Yrue and fair view,. The principles adopted in the preparation of the financial statements are set out in the accounting policies below. Going Concern The Trustees consider Grove Parochial Church Counal a going con￿rn at the date for approving the accounts. There are no material uncertainties that the tharity can continue as a going con￿rn for the next year. Key Risks & Uncertainties The charity is exposed to vanous risks, induding operational. financial and reputational risks. The trustees review the charity's activities regularfy to identrfy significant risks and, where possible, they take appropriate measures to mitigate those risks. Fund Accounting Unrestricted income funds comprr5e those funds whith the trustee5 are free to use for any purpose in furtherance of the chantable objects. Unrestncled funds include designated funds where the trustees. at their discretion, have set aside resourtss for a sPe￿fiC purpose. Restricted fijnds are funds which are to be used in accordance wth specific restrictions imposed by the donor or the temi of specrfic appeal. Further explanation of the nature and purpose of each fund is included in the notes to the accounts. Incoming Resources All incoming resources are recognised On￿ the charity has entitlement to the resources, it is probable that the resources will be received. and the monetary value of incomin9 resources can be measured with sufficient reliability. All voluntary income from members of the charty are recognised as donations and are included in full, with associated Grft Aid receivable in the Statement of Financial ActNikn'es. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recc¥3nised when the charity becomes unconditionally entitled to the grant. Page 11 of20 Year ended 31 st December 2024 Income resources from chantsble trading activrtEs such as the ktting of the building are accounted for when invoices are drawn up las at the point of entitlement). Donated services and facilities are included at the value to the charity where this can be quantified. Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Volunteer time, the value of voluntary support for the work of the charity, is not included in the accounts but is described in the Trustees Annual Report. Investsment Income is included in Ihe accounts when re￿1vable Resources Expended Expenditure is recconised on an accrual basis as a liabilty is incurred. Liabiltties are recthgnised where it is more likely than not that there is a legal or constructive obligation commtttsng the charity to pay out the resources and the amount of the obligation can Le measured wtth reasonable certainty. Governance Costs Govemance costs include costs asgxiated with the independent examination of the financial statements. compliance with constituts'onal and stalulory requirements and any other expenditure incurred on the strategic management of the charity. Govemance costs are shown within 'Analysis of Expenditure, note. Liability Recognition Liabilities are recognised as soon as there is a legal or constructive Obligat￿￿n committing the charity to pay out resources. Tangible Fixed Assets Assets over the value of £500 are capitslised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset. less rts estimated residual value. over the expected useful economic life of that asset, as follows= The Curate's House is valued at cost less 2Yo straight-line depreciaknon per annum. Musical and Technical Equipment- 4 years on straight line basis Office and computer equipment- 4 years on straight line basis Furniture. fixtures and fftbngs - 4 years on straitht line basis Movable church fumishings held by the vicar and churchwardens on special trust for the PCC and which require a facutty for disposal are accounted for as inalienable propety unless consecrated. They are listed in the Church's inventory, which can be inspected on request. For inalienable property acquired prior to 2000, Ihere is Insufficient cost Inforrnalion available and Iherelore such assets are not valued In the financial statements. Items acquired since 1st January 2000 ha￿ been capitalized and depreciated in the financial statements over their cu￿entlY anticipated useful economic life. Page 12 of 20 Year ended 31 st December 2024 Pensions The charity partakes in the Church Workers Pension Fund operated by the Church of England Pensions Board, a contribution pension scheme. Contributions are charged to the statement of Financial Activrties as they become payable in accordance with the rules ofthe scheme. Operating Leases We have no operating leases. Taxation The charity is exempt from tax on its charitable activities. Judgements and Key Sources of Estimation The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustrnent to the carrying values of assets and liabilities in the next reF)Orting period. In preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recc*3nised in the financial statements. The trustees consider the following to be significant.. The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic lrfe and residual value. These estimates are reassessed annually and, when necessary, adjusted to refiect ujrrent circumStan￿s. The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This estimate is re-assessed annually, and the obligation is adjusted to reflect current expectat￿nS. Concessionary Loans The charity inits'ally recognises and measures concessionary loans at the amount re￿iVed or receivable. The carrying amount is adjusted in subsequent years to reflect repayments and any accrued interest. Page 13 of 20 Year ended 31 st December 2024 Notes - Analysis of Income & Expenditure Analysis of Income Current Year Tolal PrioTYthir Donalions & Legacies Cknabor 102.982 lo.￿2 113,334 177,504 r*ft 21.872 .478 23.11M Grants 49,4Y 7,071 Charllawe ACt￿hNeS ¢FwJrth tsio 2.378 2,376 18.621 Statuttty lèès Bank Inte￿$t 424 424 475 TradingActThfrfiES Foreguipmeni 240 Fundr*6inpAthWtièS Réntal Inu)m• .3.￿7 17.838 19.8S2 her Income 6.527 930 7,457 981 163 188 284 221472 247 60B Analysis of Expenditure Current Year Llnre5thcled Total PrioTYear Charltsble Activities ActlVlU96 5.891 14.215 20.113 101,976 Admin 3.810 5.394 Adverfi¥Ang Bank Charges 51 41 91 DeprerAatN)n 3.577 475 4.052 Event C(6ts ts Giwn 8265 8.2fj5 3,652 Ot￿r EX￿ndAu1 Pr8mis8s 87.247 41,3S3 44.241 2e,IS7 Slaff ¢05ts 13.4¥2 46 59 881 G¢vem8n¢e Costs 685 885 Total ItSOufcÈs used 164.191 65.979 230.170 218.766 Page 14 of 20 Year ended 31 st December 2024 Notes - Analysis of Net Assets Between Funds Current Year Unreslricted Total PriorY•Jr c￿￿ntA$S￿ 51.sfp) 117.785 NM.Cufiènt As¥Éts 799 34.468 36.612 cL￿t knablib8s 3.413 4.754 s,e -CuTienl Lrabilibes 148.n3 Mlrojs UaNMe51 Prior Year Unrésthctsd Prlw Year Current Asse 62, 117823 93,536 Pkn.CuiYènt Assets 35.987 36.612 38,￿3 CLvrÉnt knablibos 5248 6.850 12.248 rkni-curivrit L￿bIlltiÈ 93.724 141*5 119091 MiThJs ￿9￿￿je5) Page 15 of 20 Year ended 31 st December 2024 Notes - Other Volunteers The charity benefils greatly from the voluntsry contribub'ons of time and money. Please refer to the trustees, report for further detail about volunteer contributions in the organisation. Independent Examination Fees Fees payable to the independent examiner for independent examinatM)n were= £685 (fee payable in the prior year.. £685). Staff Costs The total staff costs and employee benefits for the rewting perii)d are analysed as follows.'Gross wages and salaries.. £56,536, Employers Nl costs £0, Employers Pension costs £1,886lprior year Gross wages and salaries: £48.690. Employers Nl costs £0. Employers Pension costs £1.871)The average number of employees during the year was 3.3 (the average nurn￿r of employees during the prior year was 4)No 8mploye8s received salaries at a rate of more than £60,000 per annum. Key Management Personnel The charity considers its key management personnel to be Aec Gill (Associate Wicar) and until the end of January 2024 John Durant a5 the benefi￿ vvr. They are paid a stipend by the dI0￿$e whith is outside of the PCC accounts. They did however re￿1ve a total of £1.112 in exp*nses from the PCC for their travel and work around the benefice of which £334 {30Wo} was contributed by other parishes Trustee Remuneration No lay members of the PCC received any remuneration for their work on the PCC. The clergy. who are ex officio members, do receive a stipend but are not remunerated for their service on the PCC. Trustee Expenses During the year the 6 of trustees incurred out-of-pocket expenses totalling £662. (prior year 3 trustees incurred out-of-pocket expenses totalling £609) All expenses were incurred frjr the day-to-day running of the charity's activities. Trustee Donations During the year the totsl aggregated donatK)ns made to the charity by the trustees was £35,463 which includes a total of £6,291 recovered Gtft Aid. There were no condtiions attached to the donations. (total aggregate donations from prior year were £33.320. this includes a total of £5.700 of recovered Gift Aid) Page 16 of 20 Year ended 31 st December 2024 Tangible Fixed Assets comput￿ & OffiEt Equi￿nt PrcthDld pr￿rtY TtEhnical Équipment Totsl Priu ￿ 1st JaThuAry 2024 65.950 9.024 74,974 649 1.2S9 1.908 TTrti 3141 DPcerTr￿pr 2024 A9 ec ti5J 10.283 76 882 Pri¢Y ￿ 1•t JgThwry2424 30, Additions in finan￿41 yea 162 2.571 4.052 Total as st 31st December 2024 162 35 613 6.639 42 414 8f#)k at310tD•￿mbOr2024 337 A¥pt 310t D9￿MbEr 2023 31.856 4.9se 3$,612 Debtors Accounts Receivable Degcilptkjn AM￿nI &ft￿O Trade Debtors 1.873 1.Bn Prepayments Amount PrepayTnents Creditors Accounts Payable Description Amouni Acctuals 685 Finance Leas9 uabl1￿8$ Tay & Secwity Trade Cr8ditots 4.089 4751 Deferred Income Description Amount DBlprrth InGEthè Page 17 of 20 Year ended 31 st December 2024 Analysis of Charitable Funds Current Year Uni•sirfct4d neral IUni8sthct&dl 64.671 1S1 1N 147371 4.791 63.613 ts1.671 147271 4.791 63.613 Curates Fthse IDesiw8iedl 2.033 11.844 10.287 3,589 LEgacy Donat￿5 (Not RestriGtedl IDesignatedl 18.017 11. gan loes￿n0￿￿) Teth rep￿CeMent& uwyade5 (Designatèd) Cwtyngwcy (De5￿JnafWjl 10.(K 1D,( 25,464 JnrtstrI¢l￿ Total 94.871 163.188 164.191 4.791 89 078 Benélicé IRéstrict8dl 23SS 2420 12379 ¢knW IResrric*dl 37.TT9 54.103 49.955 41.927 Fabr￿ IReskn¢tedl 4.143 1.410 2.713 2.841 IResthct&l 7.967 7.987 owers (Restrctedl 155 Weddings and Fungr*s (Restric￿dI Hall Mainlenan¢e Fwd IcKiginaiiy phase 21 (Restn￿ed) 1.421 839 Special ¢(dle¢bon¥ (Reslnrtedl 4.791 50.958 Resln¢ied Total 53.862 58.284 65.979 4,791 50.958 Prior Year Unre51rfcted General Iunresknctedl 53.780 1fA 776 146 %0 -6.92S 64.671 164.716 146. 4.925 64.671 DwlgNt•d Cwates (D￿￿￿le￿I 14.416 12.383 2,0 Legacy DoTrat￿5 (Noi RèstriGi8dl IDesignaièdl gan IDesynaiedl 17.40 2278 18.017 1>) Téth rapL4c8tn8nt& utvadgs (De￿gnated) Coniingency IDèsign3tedl 10.0 10.000 drnrp.8trirt￿ Tntal 81 189 182 228 -6 92S 871 Page 18 of 20 Year ended 31 st December 2024 Restrl¢ted Benelicé IRÉstnct&d 2.018 3.267 .855 6.92S 2.JSS (*oW IRe6trictedl 22.7fO 56.522 41.449 37,TT9 FabiK 1Resrri￿ed} 61 4.143 iSSKJll {R8strictEdl 7,9S7 A(w8rs (Restrclgdl H*1 Maintenance Fwd Ichginally Hpjl Phase 21 (Restrithedl 1.795 1.427 Sp8cial Cd19¢bons IRgslrirted} 818 -61 RgStn¢led Total 38.702 6S 380 57 145 6.92S 52.862 Fund Transfers Descrlptlon From To Amount Grove Q1 Benefice contribulio Geneial 1,198 Grove Q2 Benèfts t¢￿￿1￿boTh (>oYe 03 Be￿2￿ C￿￿￿bOTh GEnetal (>oYe Q4 Benptr¢ rwthtwbon Fund Descriptions DÈscilpth)n Géneral GÈnetal 0[￿Tab[4 lund Benefice Fab L8gacy Dona￿$ (Nnt Wedding5 and Fun9rds Ckg8n c¥w in(une & expeThStwe Tech repL9(￿ne￿i& upwade5 Hal Maintensnce F￿d {0[￿￿nallY Hal Phase 21 kknEy Idt[[Th￿ the hdl tefwtmthtrtand maInter￿V tin9￿cY Special C&19¢boDs ilwt are ￿t partdth9 accounts Transactions to Related Parties There was a total of £7,927 donated to PCC from family members of the trustees in 2024. Prior Period Adjustment Page 19 of 20 Year ended 31 st December 2024 There were no prior year adjustments. (Xher The Local Mission fund holds money fcK use in Iccal mission and outreach. The Benefice fund contains money from all four churches in the Benefi￿ to be used for payment of shared Benefice expenses. All shared Benefiee expenses are recorded as expeThJiture from the Benefice fund. The conlribution to those expenses from Grove PCC is made as a transfer from the General fund to the Benefice fund. and the contributions from the other three PCCS are made as oranl income to Ihe Benefice fund. The Special Collections fund holds money collected for third parties as part of normal church activities. In 2024 this included money for Children's Society, Christian Aid, Morning Star Trust, Little People, Royal British Legion and money collected for the Duranfs leaving present. Page 20 of 20