stoke Poges Parochial Church tounci" REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 310ECEMBER 2024 REGISTERED CHARITY NUMBER: 1129125 Contents Report of the Trusfrees... Independent Examiner's Report to the Trustees of Stoke Poges PCC ...........................................,...... statement of Finonciol Activities . Balance Sheet................................................ ........................................................ ................................ Notes to the Finoncial Stalemenls ...................
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Report of the Trustees The Stoke Poges Porochial Church Council IPCCI members Ithe ttusteesl, presenl their onnuol report and a¢¢ovnts lor the yeor ended 31 Decembei 2024. The Iru5tees have adopted Ihe provisions ol the Statement of Recommended Practice Accounting and Reporting by Chorithe5' IFRS 1021 in preparing lh& annuol report and fingnciol stotements of the charity. REFERENCE AND ADMINISTRATIVE DEfAIiS Registered Chathy numb•r 1129125 Reglstered offlc• Sl Andrew's Church Centre Rogers Lane stoke Poges Buckinghamshire SL2 4LN Twst••s The Revd. Notosha Brady Mr John Wheclley Mr Simon McDowell Mrs Julie Cawood Mr Jon Marzetti Mr lon Langham Mr Mart We115 Mrs Jennifer Pickering Mr Richard Beckingsa MT Nigel Lowe Mr Sydney Quartey Mts Ann Sib1ey Incvmbent. EK officio Churchwarden ond Deanery Synod Rèryesentative PCC Secretory ChuTchworden Treos Deonery Synod Representative Cvrote. Ex officio Resigned (November 20241 Ind•p•nd•nt Examln•r. Korrie Taylor. ACMA 40 Hazell Woy Stoke Poges Bucks SL2 4DD PrSnclpal Bank•rn: CAF Bonk Ltd. 25 Kings Hill Avenue Kings Hill Wesl Malling Kenl ME19 4JQ
STOKE POGES PCC - ANNUAL REPOIT FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Inlroducllon These financial 5talemenls cover the Stoke Poges Paiochial Church Council IPCCI Chority Number 1129125. The purpose ol the chority is lo promote the whole mission ol the church in the ecclesiosticol parish. Publle b0n•fft The Iruslees have hod due regard to Ihe Chaiity Commission Guidance on public benefil and confirm Ihat the chorily's objectives benelif the public in a number of ways i.e. the provision of regular public worship and o socied space for privote prayer and/or conlemplotlon: oclivilies lor all oges including a supper club for the over 555, opportvnilies lor men's ond women's lellowship. a toddler group ond the provision o15poce lor a large number ol communily grovp$ as well a5 0 coffee shop where people con drop in ond olso learn 5kills,' the provision of facilities where people can learn 10 sing and ring b811s,' the finoncial and spirftuol support ol other charities at home and abrood. Recrultment and appolntment of new trwlees The PCC is formed under the Parochiol Church Council IPower51 Measure 1956 and the oppolntment ol its memben is governetd by and set out in the Church Representation Rvle5 012005 as amended. PCC members ¢Je recruited In o number of woys. Clergy ore members by virtue ol their office as beneficed to or licensed lo Ihe parish. Churchwofdens are 0150 members by virtue ol their office and ore elected by all porishionefs ol the Annuol Parochiol Church Meeting IAPCMI vnder the ChuTchwarden5' Meosure 2001 ond can serve lor o moximum of six yeors ol one time. Deanery Synod Member5 are members by virtue of their office ond are elected al the APCM by those church members who are regislered on the elecloral roll. They loge*her with other member5 elected in the some woy may hold office for Ihree years and may be re-elected. Trustee Tralnlng Trustees ore offered troinlng during Ihelr period ol office. New trustees are provided with on induction course at thelr request together wilh copie5 01 relevant Dioceson ond Chaiity Commission guidance. PCC policies ond stolemenls ol accounts. OrganlsaHonal 51ructuro The Cour)cil had six lormol meellngs In 2024.123.. sixI- Averoge ottendance 15 over PJ)%. Any deci55on of the Council is by mojority and the quorum ol eoch meeling 15 one Ihird of ils rnember5. During 2024, Ihe PCC discussed our outreoch to the congregation and wider community, the roof replocement and Ilals ol Sl Andrew'5, planting roses, repoir works ol Sl Giles. and our finonces. There orè sub-commiltees - Standing and Finance and Propty Manogemenl. Those committees can lake decisions os delegated to them by the PCC. During 2024. the standing ond finonce commiltee moved lo making decisions togelher online ond Ih8refore did not meet In p8rson. The property committee met Ihree limes. Rlsk management The Iruslees hove reviewed risks the charity covld face includSng theft. fraud, health oné solely, food hondling, dato protection. soleguording, loss ol ulilitie5, 1055 of records. breach of confidenliolity. conflicls of interest and press mis-reporting ond hove pul in ploce me05ur85 oimed ol manoging those risks. Ils policies are reviewed on a regular basis. The PCC has complied with the duty under s.S Saleguc¥ding and Clergy Discipline Measure 2016 which imposes o duty lo have due regord lo the House ol Bishops. guidance on sofeguording children and vu5neroble adults. Truslees hove undergone Iroining in Ihis respecl ond sofeguarding is listed os on agenda item at each meeting.
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE The chvrch continue5 to strive lo meet its vision ond volues: to see God grow His Church in Stoke Poges.. numerically and spiriluolly to be a Bible based community committed to: Knowng God. Following Jesu5, Loving Others. Inviting AH. During 2024, the Rev. Nolctsho Brody continued lo mini51er to us in thi5 parish. The PCC is grateful to Ihe work she hos done across the Parish developing le(Jders. and reaching out ond pointing oll to Jesus, whilst deepening our faith 05 a church. With Ihe oddilion of o Curote in September 2023 we have o strengthened teom Ihotwos oble to mini51eTwell and lo our congregalions and strenglhen our presence across the Parigh. The chvrch wshes lo ploy 05 tull o part OS P055itJe in community activities and enoble everyone to ottend services ol both Sl Andrew's and Sl Giles. ond keep the building open ot Sl Giles, lor private prayer eoch day. Our usual pattern of services has now been amended to reflect the needs ol the Parish and the volunteers who make the mission happen. It has been received well ond ha5 in fact strengthened the nvmbers ol St Giles,. All other oclivities beyond services continued as normal. The Coffee shop has settled and strengthened under the leadership of Pat Hegorty. We e delighted her evangelistic and cornpossionate approach to ministry through tighthouse. Hei ViOn is alway5 in line with the wider one of the church so il is on ossel lo us for mi55ion. Our Tnojor community octivities in 2024 centered oround w8lcorring all. Looknng to find woys to explore whot that meant. Using the resources we have already gol. we found ourselve5 continuing lo work well ocros5 all oreas of church life and beyond. We cornlinued to work CollabcOI1velY wlh local groups lo enable villagers to oltend event5 that we pul on. Our Eco Garden continues to a1tract outside gTOUP5, which wa5 good news. The International Art school have continued to enjoy working witt) us. Natasho is their Independent Posloral Corer and Sydney has worked wÈth their leocher5 to provide a spoce lo gorden. ffnd a 'lamily olmosphere, ond finish a project bosed on Creation using Genesis l as inspitation. Again. by the end of the growing season the gofden had dislributed plenty of vegetables and some fruit to the eldeY and isolated. Boby Step5 15 ftourishing ond conlinues to cycle through new porent5 who enjoy Iheif moteity leave wth us and o nehvork of child minders have joined us olongside Grannies and professional Nannie5. 11 ho5 a Iruly interculturol feel about il Ihol is muluol respecfful ol other lailhs or non but a distinctive Christian eth05 and mes5oge. Fanlaslic conversolions happen and a link lo the ghthOuse has begun. All our Civic and Celebrolory Services went oheod this yeor. we have returned to nomol wilh these events. The highlight of Ihe yeor 15 olways fhe Senior Christmas lunch. We had, once agoin the choir from the local school singing this year. Their song choices reftecfed a step toward5 a Christian celebration which was refreshing lo heor. Our church continves to seek out opportunities to bring olhets to foith. through friendship evongelism and Pastorol Support and Focebook LIVE services. This yeor our Men's Group. which 15 Ecumeriical, did Ihiee very succ&ssful Evongeli5tic courses. shoring the Gospel ond fostering new foith for (J few dozen peopl8. Our lrinoe ministries continue - Knit ond Notler hove enjoyed growth in number5 and have welcomed the opportunity lo shore their faith and Christian per5pechve in th informal selting. Their posl box loppers cel$brale the moin Chri51ion le51ivals through the yeor ond children across the villoge point and chol about them on their woy lo school. A brilliant talking point we wll build on in the future. During the year the church officioted al mony of Ihe milestones of rife. Through boplism. God is thanked for Ihe gift of life- in morriage, public vows ore exchonged wth God's blessing,. and through funeral services, fomily ond friend5 can express their grief ond give thank5 fix the life of the departed. commending the person into God's keeping. Three boplisms. weddings. one Blessing oflei a Church Wedding Service. tourteen funerals and seven inlermenl ol oshes. and Memoriol Services were conducted by the Vicar during 2024. We have oworshipping community of 707 peoplewho ottend service5 ocross the month each Sunday, in line with the new pattem post covid of worshippers. Sadly. weekly worship is not normal across the UK now, ond we are seeing thi5 too. Many members oltend chvrch on Sunday wilh overage being 62. TheTe is increased porticipolion at church festivaLs and special services. I people attended Easter service5, 367 Christmas services. the school Carol Concert had o strong Chrislion content ond was during the day this lime, so numbefs were reduced so oboul 180 people allended. Chonging W0550iling and the Traditional Carols arovnd Ihis year meant new people attended al least 2 5erYices instead of choosing one. A delight lo see
STOKE POGES PCC- ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ihol ottendonce is growing agoin. For further delails on the yeor5' activities see the church website: www. eschurch. Charftable activitlès As well 05 conducting its usuol octhvities the charity has- Supported Lite Groups Continued ils partnership wilh th8 N8poI Leprosy Trust Supported SHOC Crfterla used to meo$ure perfomianc• The PCC measures its succe55 by.. Its ability lo provide o voriety of Services al dillerent times and venues during Ihe week as well as baptisms. wedcJing5 and funerats Ils ability lo provide seosonol services ond organise the clubs. socielie5 and events during the year Altendonces at services, clubs and speciol events Ils ability lo keep Sl. Giles. ond St An¢*ew s open a5 a socred space during the week Its well-maintained churchyord The development ol particulor MintStries in the church The completion of priority objective5 contained in ils Mission Action Plan. FINANCIAL REVIEW The results of the PCC for Ihe year ended 31 December 2024 are set out in the attached financial stotements. Whi151 our overall funds finished the year in(Jeased by just over half a percent it wa5 a more challenging year lor the church linonce5 we started lo tackle some long5tar)ding building $e5. From a funds perspective the hvo sites provide very dilfefently. The major port ol our other income in terms ol flat rental and lelling comes from the St Andrew5 Church Cenlre whilst the oge ond design of the building means thol we have olreody / will be incurring 5ignificonl costs lo repoir ond replace the rooves. This is expenditure Ihot we won'l be oble to deloy for too much longer bul spending our reserves will have o knock-on effecl on our interest gains in future yeors. St Giles on the olher hond has o lorge amount ol restricted fund5 thot are long-term invested t)ul wth less major worts required in the short term. The inlention is to keep up a proactive moinlenonce regime at st Gile5 using the Qvinquenniol reports we hod done in 2024 as a guide. Overall. the money invested on our buildirlgs in 2024 was lorgely replaced by investment gains / interest received. However. Ihe mix mean5 lhat a large proportion of thot gain wos on St Giles reslricled occoun15 whereas the expendifijre we had to make ha5 been more on St Andrew5 $0 our balonce of ovoilobSe funds ID use lor the mointenonce of the two Sites leaves us wilh more available to St Giles. Given the short-term needs ol Ihe buildings thi5 is not ideal. The movement in Generol Funds Inot resfricted or designated) on increose ol neorfy £25k thanks to some one-off exceptiona5 donations. This w05 0tt5et by a reduction in reslricted funds ol close to £15k. As we continue with the repair Work the PCC are mindful ol the long-term sustainability of the churches in Stoke Poges and are planning occordingly. The PCC is enormou51y gralelvl lor the genefosify from its donors. volunteers and controctors, who help our church continue lo operole and serve Christ in our commvnity. Income Unlike many churche5, who SOlY re on donotion5 either from people giving regulorty or through one off donotion5 ond legacies. our church has used restricted funds lo build long-lerm income streams lo supplement the drecI donations. which ore falling in real leims. These oddilional income streams are the renlol of Ilols obove th8 St Andrew's Youth Hall and the hire of the room5 01 the Centre. As lost year, these income streams are shovffl togelher as "other activities" on Ihe Stcslement of Financiol ActNities and in the notes. They occount for around 39% of our non-irivestment income ond were up 9% in 2024. but they do hove expenses relating to Ihem too, in the form ot coretaking and mointenonce ol the flals in porticulor. Our iemoining incorne comes from mostly o mix of regular donations. tox recovery and one-off gifts. The PCC
STOKE POGES PCC- ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 is very lortunafe thot most of our regular donotions ore by stonding order ond thol our parishionets continued to make these during 2024. These. olong wlh the onfroff donotions ond tox recovered but excluding legocie5 were 7% up on 2023 before a conlribulion received from Ihe Free Church towards the costs of our Oulreach worker. Our income Irom letting the holls ot Sl. ArKlrew's was Slightly down 1-2%) bul we afe thrilled lo see that the activity of our regular hirers is continuing to thrive. Our Ilots obove Ihe Sl. Andrew's Centre were let lor the whole year 50 income there was increosed and mode up for the lettings shortfall. Investment income wos up by neody £l(K)k large due to Ihe unreolised goins and dividend5 on the Mayer fund. However, interest on other accounts was also up by oround £1 Ok. As interest lates go down ond as we work on the rool ot Sl Andrews (reducing our capital) returns in this area will reduce which the PCC will need lo plon for in the coming years. Expenses Overoll expenses grew by 52% over 2023. but much of this increase was down to mojorworks through restiicted funds. Over 44% of Ihe church's unre51ricled expenses go to the Diocese in the form of the Diocesan Share. This poys for clergy slipends. pensions. housing costs and the training ol new ordinonth. This Sum was the same as last year and despite the financial pre55ures. the PCC maintained its payments Ihroughout the yeaT. supporting both Ihe Deonery ond Diocese. Items lo note, increosed spending on upkeep of Ihe churchyord where donolion5 were received ond put lowards new mowers ornd to the lovely new roses lining the polh to St Giles. The Holl expen5e5 show an increase which relates to Ihe new cooker which orrived during Ihe year lagain funded by a legacy). The PCC coninves to support o monthty contribution from the PCC towards the Fridoy Club 6xpenses. Salarie5 increased as we sow Ihe fir51 hjll year of operation of our Outreach WOTker which continues to be partly 5UPPOrted by the Free Church. On restricted funds we completed Ihe firsl and smallesf of three phases of the Sl Andrews roof and various smoller projects ot st Gile5. The propety committee do an excellent job ol rnanoging these complicated projects and ensuring we get the right qudity ol wotk ond best value. A5 in previous years. the PCC agreed to give a percentage of our lotal Planned Giving lo our partner chorities, the Nepol Leprosy Trust and SHOC- Slougk, Homeless Oui Concern. This amount wo5 very Similar to 2023 and is in line with our commitment and was boosted as usuol by on additional gif to SHOC following a succe55ful Horvesl Festivol collection. Reserves pollcy It is o PCC policy to moinlain. if possible. o bolance ol unrestricted general funds in cash that is equivolenl to three months, operating costs lo cover emergency %lualions that moy orise from time to time. We retained o little more than Ihis dufing the second half ol 24 in ordei lo moke 5UTe we had enough ol hand to tund the building works. Punds Funds may be unrestricted. designoled. restricted or endowment. Unrestricted ftJnd5 are funds availoble lor the generol objectives of the church, normolly colled general funds. Designated funds ore unrestricted funds which the PCC h05 earmarked lor o porticulor purpose e.g. youth work. Reslricted funds can only be used lor the specific purpose for which they were given wthin the objective5 of the church e.g. Sl. Giles, Fobric Fund for mojor repairs Qt thol church. Endowment funds ore restricted lunds which must be held pemanently and the capital maintained and use of the income is reslricled. There ore three permonenl endowments.. Ihe Churchyord Fund, Ihe Fenton Fund and the Robbitl Memorial Fund. which F)uy dividends into the Chuichyord and Choir funds.
STOKE POGES PCC- ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Investments The truse&s remoin coutious over the PCC'S investment slrolegy ond are satisfied Ihol Ihey have taken oppropriote steps lo balance risk ond reword to ensure thot ie5erve5 are lo glow with inllotion, whilst not being ol undue risk. During Ihe period ol Ihis report ond at Ihe dole of the balance shetel the mojority of the PCC'S cash reserves are held in CBF Church of Englond Short lerm deposit accounts. In order lo ochieve o higher role of inlerest, occounts were olso held wilh the Rethood Bonk and Ihe Combridge and Counties Bank. The three Endowmenl funds ond Ihe Re51ricled Choncel Repair Fund are common Investmenl Funds managed by Ihe Church ol England Investment Fund. The Moyer 51 Gi185 fund is held in o charity inveslmenl occounl. Investmenl perf¢)nnance There wa5 an increase in Ihe volve of Ihe End0men1 funds trAJl lower than Ihol achieved in 2023. They conlinve lo poy dividend5 to specified reslricled funds. The Rabbitt Memorial Fund for Ihe benefit ol the church choir and mvsic hos incre058d in value by£305. The Churchyard Trust by£1 58 and the Fenton Trust lor Sl Giles, and its churchyard by £52. The Moyer inveslmenl volue continued to grow impressively increosino by £73,4091£89,535 - including dividends). 11 is though a long-lerm investment and moy fluctuotè in future yeors dependlng upon Ihe morkets. FUTURE DEVELOPMENTS The trustees wish lo.. Ensure Ihol members grow In foith Reoch out into the community in servte ond evangdlsm Incr&as8 allendance al church services ond even15 Complete further reslorotion w(yk at Sl. Giles, Continue lo explore the best vse ol the Sl. Andrew's centre Un<Jertoke o full exominolion ol generol fund expenditure Improve overoll communicalion ond outreach Conlinue the partnership wilh the Nepal Leprosy Trusl Continue the porlnership wilh SHOC- Slough Homeless, Our Conc8m SIGNIFICANCE OF VOLUNTEERS TO THE CHARrrY The chorlty is relianl on volunleers lo perfofm a varlety of tosks from PTeoching, leoding COL•rses. teoching, vndertaking treasury lunclion5. cleaning, lower oyranging. maintoining the churchyord, performing minor building mainlenance. monoging and serving in thecoffee shop, monaging lellings loorgoni5ing ond helping out al events. The charity would find it impossible lo operate the range of oclivities whout their generosity ol lime.
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES RESPONSIBILmE5 The trustees are responsible for preporing the Rep(xt of the Trustees ond the financiol statements in accordance with opplicable law and United Kingdom Accounling 51ondord5 (United Kingdom Generally Accepted Accounting Procticel. The law applicable lo charities in Englond and Wales. the Chorities Act 2011. Chority IAccounls and Reports) Regulations 2008, Church Accounting Regulations 2Q)6. require the trustee5 to prepora financial stalemenls for each linonciol year which give a true oncl loir view ol the stale of aflaiT5 of the chority and of the incoming resource5 and oppllcalion of resource5. including the income and expendilure, of the charity for that period. In preparlng those financial statements. the trustees are r8quir8d to select 5Ultabl8 accounting policies and then oppty Ihem consistentty: observe the methods and principles in the Charily SORP: moke ludgemenls ond estimotes Ihat are reosonable and rjudent: prepare Ihe linanciol statemenls on the goiro concem t)osts unless il is inappropriale lo presum6 that the charity wll continve in business. The trustees are responsible for keeping proper accounting records which disclose th rèasonoble accurocy at any time th6 financial posilion of the charity and to 8noble them lo ensvre that the finoncial stafemenls comply with Ihe Chorilies Act X>1 I, the Chority (Accounts and Reportsl Regulations 2CYJ8. They ore olso responsible IOT 501eguorcling the ossels of Ihe charity ond hence for taking reosonable slep5 for the prevention ond detection of froud and olher irregvknrities. Approved by th6 Stoke Poges Parochiol Church Council on Aprll 2025 and signed on its beholl by: Revd. Natasha Bra Chairmon. Stoke Poges PCC
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Report to the Trustees of Stoke Poges PCC I report on the accounts for the trustees on my examination of Ihe accounts of Stoke Poges PCC forlhe yeorended 31 December 2024 as sel out on page$ 10 10 21. Responsibilities and basls ol report As the chority tru51ees, you ore responsible lor Ihe preporolion of the accounts in accordonce wth Ihe Chorities Act 2011 (the Acti. l Teporl in Tespecl of my examinatn of the TnJst's occovnts corried out Under section 145 ol the 2011 Act and in corying oul my exominalion I have followed oll th8 opplicoble Direclion5 given by Ihe Chanty Commission vnder section 14515llbl of the Act. Independent exomlner's slolement I have completed my examination. I confim thot no material matters hove come to my attention in connection with the examination which gives me couse lo believe Ihol In any material respect- The accounting records were not kept in occordonce wth section 130 of Ihe Act.. or The accounts did not accord wilh the occounting records., or The accounts did not compty wth the applicoble requirements conceming the form and conlenl of occounls sel ovt in the Charilies (Accovnts ond Reportsl Regulations 28 other thon ony requirement Ihol Ihe occounts give a Irue ond loir viewwhich Is not a maller considered 05 Part ol on independent examinalion. I hove no concems ond hove come ocross no motters in connection with the examination to which ottention shovSd be drown in this report in ordw to enable o proper underslonding ol the accounts lo be reoched. Dote: April 25 Korrie Taylor. ACMA 40 Hozell Way stoke Poges Bucks SL2 4DD 10
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 statement of Flnanclal Acllvltles (INCORPORATING AN INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Unreslricted Designoted Restricted Endowmenl 2024 Total lunds funds funds lunds funds 2023 Total tunds INCOME Donations ond legacie5 Other oclivities Inveslments Church Activities 95.426 68.166 2,724 3.728 7,560 102,986 722,147 68.166 62,397 46.612 2D,959 3,728 ,545 775 43.114 Tolol income and endowment5 170.043 775 50.674 221,492 807.047 EXPENDITURE Cost5 01 raising funds £xpenditure on Charitoble Activities Governonce cost5 other resources used 5,503 3,218 135,838 110.666 246,505 156.931 6,285 299 25,936 25,936 3.925 25,936 Total expenditure Unrealised Goin%llLossesl on Investments 145.266 138.962 284.229 186.384 76 73.409 515 74,WO 48,233 Net Incomel{expenditvre) Tronsler5 belween funds 24,777 I14,) 515 11.263 668.896 Net movement In Funds Reconclllatlon of fund$ Total funds brought forward 24.777 114.Wl 515 11.263 668,896 172,657 16.280 1.452.073 22,503 1,663.512 994,616 Tolol Fvnd5 Carried Forward 197.434 17.131 1.437,193 23.018 1.674,775 1,663,512 The notes set out on poges 13 10 22 form p¢Jl of Ihese fingncial 51olements.
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Balance Sheet AT 31 DECEMBER 2024 2023 Nolo5 Flxed assets Tongible assets Investments 195,051 782.791 220.987 692,665 12 977,842 913,651 Current assets Debtors Cosh al bank and in harKI 13 33,860 619.579 35,088 731.963 713,439 761,051 Credltors Amounts falling due within one yeor 116,XJ61 117.1901 N•1 curr•nt ass1 696,934 749.861 Totcl assets less current IlobNStI .674,775 1,663,512 N•t Ais•ts 1,674,775 1,663,512 Funds Unr6slricled funds Desionotèd lunds 16 197.434 17,131 172.657 16.280 Totol unrestricted funds 214.564 188.937 Restricted funds Endowment funds 1.437,193 23,018 1.452.073 22.503 Tolol Charlty Fvnds 1.674,775 1.663.512 Tho linancial statements hove been prepared in occordance wlh the Stolement of Recommended PractlC8 ISORPI "Accounling and Reporting by Chorilies" IFR51021 ond were opproved by the Stoke Pog&s Parochial Chuich Councll on 141h April 2025 ond were Signed on its behalf t)y: Revd. Natasha Brady Choirmon, Sloke Poges PCC Registered Charity Number: 1129125 12
STOKE POGES PCC- ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Notes to the Financial Statements ACCOUNTING POUCIES The Vinonciol Slot&menls hove been ry8pared under the Chorilies Acl 2011 and in accordance with the Church Accounfing Regulclions 3JJ6 goveming the irKlividual occounts of PCCS. and Stotemenl of Recommended PFoctice Accounling and Reporting by Charilies"IFRS 1021. The slotemenls include oll Ironsoclions. ossels and liabilities lor which the Parochiol Church Council is respofb5ible in law. The slalement5 do not include the accounts ol church groups thal owe their main alliSialion to another body or those Ihol are informal galherings of church membef5. Charlty's legal lomi This chcjrity is a Porochiol Church Council. Th8 registered offic8 is given on pag8 thr88. Thej charity is o public benefit entity. Accounllng Convèntlon The Ilnonciol stolements hove been prer)ared under the historicol cost convention, wth the exception of investments which Ofe inclucjed al morkel volue. These finonciol stolements ore presented in £$ ond ore rounded to the neorest £. Som8 sub-tolals may not add exoclly due lo rounding ol nCe. Goin9 Conc•rn All activities and forecasls indicate Ihot the chorilies should be alje lo operate ol adequate levels ol bolh liquidity ond copilal. The trustees ore satisfied. Iherefore, Ihal there are sulficlent resources to operate on a going concern basls and that no molerkil uncertalnlies exbt in this regard. Incomlng r•i¢urc Re¢ognltlon ol Incomlng r•$ourc•s These are included in the Slalement of Finonciol Activities ISOFAI v4hen'. The PCC becomes legolly entitled lo the benefit of the use ol the resource5: Th8ir ullimot8 receipt is virtually certain,. and The monetary value con be meosured wth svfficient r6liobility. 21 31 Fundralslng eosts Funds roised from ev6nls ond trading activilies cxe reported gross in the SOFA. i.e. belowe ony reloled c051$ may have been deducted from the gross proceeds. Grants and donaHons Gronts ond donations are included in the SOFA when ony preconditions preventing their use by Ihe PCC have been mel. For collections ond plonned giving it is when the tunds are received. Glft Ald tax clalms •tc. on cash donaHon$ Gill Aid and other lox Gloirn5 ore included in Ihe SOFA ol the some time as the cash donotions to which they relate. Volunteer help The value ol any voluntary help received is nol included in the accounts but It is descrfbed in the trustee5' annual report. Reftlal Income Rental income from the letting of church premises is recogni5ed when the renlol is due. Inve3tm•nt Incorn• This is included in the occounts when receivabl& 13
STQKE POGES PCC- ANNUAL REPORT POR THE YEAR ENDED 31 DECEMBER 2024 Investment goins and losses This include5 any gain or1055 on Ihe sole of inveslmenls ond any goin or loss resulting from revaluing inveslments to markel value at the end ol the year. Resources expended Expenditure 15 included on an accrvols basi5 and is recognised when Ihere is o legal or constructiv8 obligation to pay for goods or services. All cost5 hove been direclly attributed to tt)e various cofegories within the SOFA. As the church is not registered for VAT. all expenditure is shown inclusive ol VA T. Gronts and choritoble giving are occounted lor when paid over or when oworded. if the owiJd creates a binding obligation on the PCC. All expendilLJre incurred during the year on consecroled or benelice buildings and movoble church fumi5hings, whelher maintenance OT improvement, is willen off os expendilvre in lh& SOFA. Uatslity recognlllon Liabilitie5 ore recogni5ed os soon as o legal constructlve obligolion orises. Support costs Include costs of the preporotion ond examinotion of statulory accounts, Ihe costs of trustee meetings ar Costs of any legal odvice to Irustees on govemance or conslitutional matters. Grants payable wllboul performance condlrfon$ These are recognised in the accovnls when o commitment hos been made exlernolly and there are no precondilion$ still io be met for enlitlemenl lo th¢ gront, which remain wlhin the control of the PCC. Allocallon and apportlonm•nt ol costs Costs ore apportloned behveen mvlli-pwpose activities bosed on Ihe Irvstee's best èslimote ol ollocation of resources. stocks stock is volued ot Ihe k)wer ol cost or realisoble valve ond represents goods for resale in the PCC'S collee shop ond book sloll. Conjecroled and benellce property Consecroled ond benefice properly of ony kind is excluded trom the finonclal stolemen15 by Section 10121 lol of thè Charities Act 2011. Th& freehold of St. Andrew's is included at 115 Cost al the lime il was donated lo Ihe PCC by Reverend Bryont Bevon in 1960 as is the freehold ol o piece of land odjocénl lo the Sl. Andrew's Centre. lo this hos been odded the cost of the yovlh hall pxlension al the lime ol build. Movable church Iumishings held by the Vicar and chvrchwofdens on speciol Irust for the PCC and which requlr8 a faculty for disposal ore inolienoble properly. lisled in the chvTch's Inventory, and 05 such are not included in the financial stalemenls. ronqlbl• ffx•d assets for use by Chorty Depreciation is provided ot the following annvol rotes in order to write off each asset over it5 estimated useful life. Individvol ilems ol equipment wlh o purchase price of £7,) or les5 are written off when the asset is ocquired. Land Bvildings 5% on cost Fixtures and fittings 25% on cost Cost is the measurement basi5 for determining the gross conyng omount. Investmonly Investments qvoted on a recognised stock exchange or whose valve derrves from th8m ore valued at market volue otyear end. Other investment assets are indvded ot Irvstee'5 best eslimole of market value. Debtors and crèdltors reeelvablelpayable Debtors and creditors with no slated interest role and receivable or payable wthin one year are recorded at Ironsoction price. Any losses arising from impairment are recognised in expenditure. 14
STOKE POGES PCC . ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Fvnds Unrestrfcted funds These ore funds availoble fcK the general objeclives of the church, normally called gen01 funds. D•slgnot•d lundx These represent vnrestricled funds which the PCC hos eormarked for a specific purpose e.g. churchyard work. Restrlcted lunds These can only be used for the purposes for which Ihey were given.. within the objectives of Ihe church eg. St. Giles, lobric fund 15 lu major rep¢irs at st. Giles,. Endowment fund$ These are restricted funds lch musl be held perManenY and Ihe capital moinloined ond use of Ihe income restricted e.g. the Fenton ond Churchyard funds lor the upkeep ol the chvrchyofd and the Robbill Memorial Fund for the upkeep of the chor ond mointenonce of the orgon at st. Giles,. 2. DONAnoNS AND LEGACIES (r•slrl¢t•d and unr•slrfct•d) 2024 2023 Plonn8d giving St Giles, collections 5t Andrew's colleclions Other donations Church boxes Income lax recovered Legocies Recurring Gran15 32.182 452 2.522 41.646 1.590 19.594 32.854 475 1 .925 34.886 1,341 20,000 630.616 50 102.986 722,147 3. OTHER ACTIVITIES 2024 2023 Fund roising income Flal Renlols Flal- Utilities incom8 Sl Andrew's Lelling5 Collee shop sales 22,081 1,414 36.912 4.011 37,730 2,586 68.166 62,397 4. INVESTMENTS 2024 2023 Oividend5 Interest received 16.844 29,769 1.532 19.426 46.612 20,959
STOKE POGES PCC - ANNUAL REPORT FOR TrIE YEAR ENDED 31 DECEMBER 2024 5. INCOME FROM CHARrrABLE ACTIVITIES CHURCH ACTIVITIES 2024 2023 Fees - Weddings & funero15 3.728 1.545 3.728 1,545 6. COSTS OF RAISING FUNDS 2024 2023 Collee shop cost of soles Sociol expenses Fundr0i5ing costs Flol Maintenance & other cos15 2.887 1.224 182 1.210 1,935 1.046 237 3,218 7. ExpeNDITURE ON CHARITABIE AcnvmES 2024 2023 Church Societies Mission Giving Senior citizens Diocesan share Deonery shore 2 SalorSes Chvrch admin Church Ollice Expenses Porochial Clergy Assistant Clergy Publicity Outreach Audio Visual Flowers Insuroncès Organ and Piono Tuning Routine Maintenance- Fa1¢ Organ Repairs Sacrisfy Upkeep of Churchyord Verger- St Giles, Organi51 Choir Sl Giles, heal ond lighl Sl Andrew's heat and light Corelaker- Sl Andrew's Hall expenses Major Repoirs - St Glles Major Repoirs - Sl Andrew's centre Fobric- New Building 25 3,4CM) 7.501 63,630 3.125 3,985 250 12.698 7.551 1,395 1,209 10,412 7.558 732 1.255 605 218 1.059 645 360 7.564 420 5,778 660 610 450 7,762 890 12.484 9,691 928 300 1,810 127 12,066 4.902 6,422 1,967 2,920 137 4.761 8.173 6.168 4.619 7,791 76.8cx) 6.474 9.515 7.143 246.505 156.931
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 8. OTHER COST5 Net resources ore stoled after chorging/lcreditingl- 2024 2023 Bank charges Other monagemenl costs Archilects Depreciation- St Andrew's Centre. 93 207 3.837 2.360 25.936 25.936 Non<osh item 32.221 26,235 9. TRUSTEES. REMUNERATION AND BENEFrr5 During the year no fwstee received ony remuneration or benefits in fheir caFyJcity as o frusfee.12023: £nill. Trustees. Expenses Nine trustees or their reloted parlies were reimbursed lor directly incurred expenses. One reloled party wa5 poid lor providing odminislrative ond organist services lo the church. Two related porties were poid lor providing carelaking services and one reloled porty's family compony provided bull ding services. Total omount5 poid were £1 I I,7 12023-. £19,406). Foi furlher delails. see related porty (fisclosvres ol note 17. 10. STAFF COSTS The PCC hos one part time emtyoyee during the yeor ended 31 December 202412023: one) Net resource5 are Stated after chargingllcredithngl= 2024 2023 Salary National InsurancelTax Pension scheme 10.059 2.201 438 8,496 1,697 219 12.698 10,412
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 37 DEceMBER 2024 I I. TANGIBLE FIXED ASSErs Land and bulldlngs Flxlvres and fftmngs Told COST Al l January 558.168 4.176 562.344 ADDITIONS Additions Al 31 December 3)24 558.168 4.176 562.344 DEPRECIATION Al l JanLJary 2024 Charge for the year 337.181 25.936 4,176 341,357 25.936 Al 31 December X)24 363.117 4.176 367.293 NEf BOOK VALUE At 31 December 2024 195.051 195.051 At 31 Decembei 2023 220.987 220.987 12. FixeD ASSET INVESTMENTS Choncel Repair Fund Rabbll Memorial Fund F•nton Memorial Fvnd Mayer St Gile5 Fun Chvrchyaid Fund Total Mark•t value At l January 2024 Inve51ed in year Dividends Nel unreali5ed gainslllossesl 3.323 13.325 2.261 6.917 666.839 692.665 16,127 16.127 76 305 52 73,409 74.000 At 31 December 2024 3.399 13.630 2.312 7.076 756,374 782.791 Cosl At 31 December 2024 620,( 625,830 The above funds ore invested in profe55iofbolly monaged common Investment Fund5. 18
STOKE POGES PCC- ANNUAL REPORT FOR THE YEAR ENDED 31 DECEM3ER 2024 13. DEBTORS 2024 2023 Prepayments Accrued income Other debtors 1.298 32.535 27 1,270 32.933 33.860 35.088 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trode creditors Accruols Ag8ncy Coll8Ctlons 1,882 13,344 1.279 17,190 I6.)6 17,190 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Designoted funds Ivnds Restricled Endowment ftjnds fvnds 2024 Total lund5 2023 Total fund$ ¥ed os5els Investmenls CuThenl ossets Current liabilities 195.051 756.374 490.698 195.051 782,791 714.108 117,1751 220,987 692,665 767.051 117,1901 3.399 13.732 23.018 209,679 112.2451 N•t aii•h 7 97,434 1.437.193 23,018 1.674.775 1.663.512
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 16. MOVEhlENT IN FUNDS At l Janvory Net movemerrt 2024 in fvnds Transfers At 31 December between fvnds 2024 Unrestsi¢led fund5 General Fund 172657 24.777 197,434 Deslgn<tted Funds Choncel Repoir Upkeep ol Choir Upkeep of Churchy(Kd 3,323 7.278 5.679 76 775 3,399 8.053 5,679 Designoted Funds Total 16.280 851 17,131 eslrided Fvnd$ Fabric St Gile5' Moinlenonce ol Church and Centre Mointenance ol Organ Upkeep ol Churchyofd Senior Citizens Youth Sl Andrew's 825.237 417.403 1,288 6,269 901 86.941 912.178 425.803 534 2.024 554 333 95.767 14,2451 13471 )).642 1104.8751 Restricted Funds Total 1.452.073 114.8801 1,437.193 Endowmenl Fund$ Fenton Memorial Churchyard Robbitt Memorial 2.261 6.917 13.325 52 158 )5 2,312 7,076 13.630 Endowrnent Fund5 Total 22.503 515 23.018 TOTAL FUNDS 1.663.512 11263 1,674,775
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement in funds. included in the obove are as follows: Incomlng resouTce$ Resources expended Gdns and (losses) Movement In funds Unrestrfcted funds General Fund Tolol 170.043 145.266 24,777 Deslgnat•d Funds Chancel Repoir Upkeep of Choir Upkeep of Churchyard 76 76 775 775 Designoted Funds Total 775 16 851 Restricted Funds Fabric St Giles, Maintenance ol Church and Centre Moinlenonce of Organ Upkeep of ChurchyoTd Senior Citizens Youth st Andrew's 24.743 73.409 86.941 17,233 136 4.701 3.761 890 8,946 4.108 17541 14,2451 13471 99 104.975 1104,8751 Restricted Funds Tolal 50,674 1 &8.962 73,409 114,8801 Endowmont Fund5 Fenton Memorial Churchyord Rabbit Memoriol 52 158 52 158 305 Endowment Funds Tolal 515 515 TOTAL FUNDS 221,492 284.229 11.263 21
STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 17. RELATED PARTY DISCLOSURES Collectively, Ihe Trustees conlrol the chority. The amounts poid to Tfustees ond Iheir ielaled parties in the year were: £1.392 to N. Brady foi reimbursement of expenses. £2,596 to S. Quartey lor reimburserr,ent of expenses. £6.006 to K. Quartey, curale's son, lor caretaking services £094 to H. McDowell PCC secrelory's wle, lor reimbursement of expenses. £831 to S. McDowell. PCC secielary for reimbursement of expenses £270 to O. McDowell. PCC secretQry's son. for grave digging £869 to J. Cowood lor reimbursement of expenses £162 to F. Spence daughler of churchworden for caretoking services £439 to J. Wheatley. churchworden for reimbursement ol expense5 £6.448 to D. Longham. IreasureT'S wife. IOT administrative services to the Parish. £2.9 lo D. Longham, treasurer's wfe. fot organisl service5 £522 to D. Langham, Ireasurer's wife. for reimbursement of expenses £2.993 to R. 8eckingsale for reimbuT5ement of expenses. £625 to A. Sibley for reimbursement ol expenses. £84,996 to Such & Lowe, Building services. PCC member family compony The total amount of donations received without conditions trom Tru51ees and otherrelaled parties was £1 1.264, 12023: £10.6621. 18. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES The followng gives the detail of income and expenditure trom the 2023 Stalement ol Finondol Activities. Urweslricted Designoled Restrrcted Endowment 2023 Total funds nd5 funds funds funds Notes INCOME Donations and legocies other activities Investments Chuich Activitie5 97.336 62.397 2.191 1.545 624,811 722,147 62,397 20,959 1,545 592 18,177 Total Income ond endowments 163.468 592 642,988 807.047 EXPENDITURE Costs of roising funds Fundraising Expenditure on Charitable Actiwties Govemonce Costs other resources used 3.218 123,483 299 3,218 156.931 299 25,936 127 33.321 25,936 Total expendllure 127.CK 127 59,257 186,384 {L0$5es)IGalns on Investments 46,012 1,935 48,233 Nel Income/(expendlture) 36.468 750 629,743 1.935 668,896