SL Mickael ald All Angels Cbllrt Cl*Th'erdom Annual Report and Financial StatemeDts ofthe PanKbial Church Council for the year ended 31 December 2024 Period of Intrrrtgnum Mr Richard BUtr 58. Kingfth Ck)se Warwick CV34 SGD awity Numb¢r 1129532
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON ANNUAL REPORT FOR 2024 (contlnued) Background The Parochial Churth Council (PCC) is a group of people appointed from our church communty as trustees. working with our incumbent. to promote the whole mission of the Church of St Michael and All Angels, Claverdon - pastoral. evangelist5c, social and ecumenical. The PCC also has responsibility for the upkeep and management of Claverdon Church Centre. Membershlp Members of the PCC are either ex officio or elected by the Annu81 Parochial Church Meeting (APCM), which this year took place on 15" April 2024. in accordanc with the Church Representation Rules. During the year. the following served as members of the PCC: IncumbenL' Va<xnt Churchwarden.. Jonathan Evans Representative on the Deanery Synod: Sue Jacques Elected Members: Sandra Aitken Steve AiU(en Ann Anthony Alison Bird Richard Bonsall David Eastham Andrea Gardner Penny Hanson Ingrid Ridley-smith (appointed 15 April 2024) Julia Waldron CopIed Member. Revd Philip Hanson The PCC met five times during 2024. At each PCC meeting, reports were received from its committees and treasurer. Commlttees The PCC operates with a number of commlttees, which meet between full moetings of the PCC: F8bric Committee.. chaired by Richard Bonsall. responsible for the fabric of the Church and the Church Centre. the churchyard, the floodlighting. the dock. the bells, Church deaning. Church flowers and Church noticeboards. Worship Committee.. chaired by Rev Phil Hanson, oversees the pattems of worship and music in church services. Mi&sion and Giving Committee.. chaired by Sue Jacques, devises and (xjordinates activities and fund- raising events to promote chosen charities and other good causes. Church Attendance There were 92 IndildualS on the Church Electoral Roll in April 2024. The average attendance on a usual Sunday for 2024 was 35 {2023: 34).
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS. CLAVERDON ANNUAL REPORT FOR 2024 (contlnued) Flnanclal Revlew The financial results for 2024 are summarised on page 4. Nel resources decreased during the year by (£13,137) as follows: Deficit from week-lWeek aclivlties: - Church - Church Centre Church Centre Renewable Energy Project (5.164) (6.278) (11.553) Offset by: Surplus frDm Parish News Grant to supp)rt Children's & Youlh Work Income from investments 1,466 5,000 3.392 Net Decase in Resources £13.137 The total deficil from week-tfrweek activities of (£11,442} compares with (£14.763) in 2023, an improvent of £3.321. Aiding this improvement was an increase of £2.388 {6.OY.) in regular and planned unrestricted giving, reversing the tnd of recent years - thanks not only to the generosity of our congregation, but also to the growth in the church community over the year, which saw the completion of a very successful Alpha course. Costs have continued to be kept under tight control. In particular. savings were made in the cost of operating the Church Centre by ceasing the Church Centre manager post, with the Parish Secretary now in charge of booklngs. However. now approaching its 50. birthday, the Church Centre will require conslderable expenditure on mainlenance and renewal In particular the heating system. In line with the Church of England's Net Zero tsrgel. a project has been establlshed lo Install heat pumps to replace the old oll-flred boilers, for which plannlng permlsslon is still awaited. Preliminary work was undertaken during the year in readiness, costlng some £11.553. The overall cost of the project will be In excess £50.000 vthile promises for over half of this have already been obtained from grant givers. further fundraising will need to tske place to reduce the call on PCC funds. The Diocesan P8rish Share payable to the Coventry Di(xese for 2024 was £39.480 - a surn payable despite being In interregnum - with a further 50A increase agreed for 2025. In 2023 we reported that the PCC had reluctsntly decided to cease giving grants to charits'es and other good causes dlrectjy from PCC funds. but rather to arrange specific fundraising activities. It is pleasing to report that the sums ralsed In thls way amounted to £6.720, donated to a variety of charities at home and abroad. Overall net PCC funds decreased by £6,977 {2023: increase of £12,146). assisted by an increase of £6,160 {3.30/ts) in the market value of our investments. It is encouragin9 lo report that the value of our investrnenls is now higher than in 2021. having recovered from the market shocks in 2022. The balance sheet on page 5 shows total bank and cash balances al 31 December 2024 of £17.945 (2023: £28,802) and total Ilquld financial assets of £211,026 (2023: £215.723). In summary. activltles Sn 2024 produced another week-to-week operat5ng deficit, but at a lower level than In the past elght years. Encouraged by the efforts and Insplralion of so many of our congregatlon in wantlng our church to grow In every sense, our aim Is to contlnue thls Improvlng trend. The PCC remalns confident In our ablllty, wlth God's good grace. to conlinue our mlsslon for the Church here in Claverdon.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON ANNUAL REPORT FOR 2024 (contlnued) Annual Revlew A summary report of Ihe activities of the Church in 2024 has been prepared and is to be presented at the APCM on 28° April 2025. Copies are also available in th8 Church to 811 parishioners and upon request to any other interested paty. Rlsk Management The PCC recognises its responsibillti88 fof m8n8glng rfsk. Princip81 Risks and Uncert81nti8s Although as with many charitable organlsatlons. the majority of the PCCS Income Is th8 result of voluntsry giving and is therelore subject to y8ar-on-y88r fluctuallons caused by levels of church membershlp and other more general 8corM)mlc factor8, we do tJJrrently beneflt from the cushlon of having strong fin8nrial resorves to f811 back on if times become dlfficult. In addltlon, we h8ve good financial controls and authorisatlon and review procedures in pla to ensure that we manage our finances wisely. All this leads us to condude that any financial risks that W8 are currently exposed to are not of a snifiCant nature. Operations All our church premises and grounds are maintsined to a high standafd 8nd each year slgnlfic2nt funds are expended in order to ensure that our church remains a well maintained and safe place to congregate. Children's & Youth Wo The health, safety and prolectlon of chlldren, young people and vulnerable adults is reganJa# as being of paramount importance to Claverdon PCC. We have adopted arKI operate a formal polw for the safeguarding of chlldren and vulnerable adults, in line with Diocesan guidelines. Continual review ol our safeguardlng polia8s. procedur8S and practice is ongoing and overseen by the PCC'S safeguarding representative who reports on these matters to each of our PCC meetings as a standard agenda item. The PCC remalns commltted to contlnuou8 Improvement In the developm8nl and practical appllcatlon of our safegu8rdlng polldes. Unlted Beneflce Sl Mlch8el and All Angels, Claverdon,18 a Unlted Bthfice wlth Salnts, Preston BagoL Our Incumbent Is 8180 the Prlest-In£harge of St Peterfs. wttOn Waw8n and Sl John the 88Ptlst, Aston Cantlow. On beh81f of the PCC Jonathan Evans April 2025
PAR(XHIALCHURCH OF ST MICHAELAND ALLANGELS. CLAVERD(I STATEMENT OF FINANCIALACTMTES FOR THE YEAR ENDED 318T DECEMBER 2024 Unr••trlci•d R••trlcl•d End(rn•t Tot•1 Fund• Not• FuThl• Fund• 2024 2023 INCOMING RESOURCES Incx)mlng Resoue8 from donorn Other ¥oluntsry Incoffn9 rnsource¥ kncomlng R080urc•8 Irom operallng a¢UvltyoJ - to lurlh•r th• Cound1 obloc1iv•• - to ggnoralo fvnd• Incom6 trom Invo8lmonl8 TOTAL INCOMING RESOURCE3 21a) 2(b) 63.823 6.840 70.663 5,000 71,048 3.000 21¢) 2(d) 21•) 7.072 22,819 2,087 100,801 7.072 22.619 3.392 108.746 4.017 25.038 3,382 106.4a5 1,305 1.305 6.840 RE8¢XIRCES EXPENDED 3(0) 100 6.720 6,820 1.187 £Uvlll•• dlr•(y r•l•Ong tho work olth• Chun Church manooemenl Bnd admlnl8tr•lJon TOTALRE80URCES EXPENDED 31b) 3(¢1 100.822 13.889 114,791 372 101.194 13,869 121,083 102,895 8.317 112.199 7.092 NET RE81JJRCE8 INCREA8E IIEXPENDEDI (14.190) 12521 1.305 113.137) 15.7141 13A•4 IILO83) ON INVE8ThIENT3- 4wv••M••d 2.931 1.578 1.651 8.160 17.880 NET AIOVEIJENT IN FUNDS 1112591 1,326 2.956 16,9771 12,14 BALANCE8 BROUGHTFORWARO AT- 1 January2024 BALANCE8 CARRED FORWARD AT- 3100mb*r 2024 133.368 143.586 61,477 338.409 328.263 122.107 144.892 04A33 331A32 338.409
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALLANGELS. CLAVERDON BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible fixed assots Investrnent assets 5(a) 5(b) 112.641 193.081 305.722 112.641 186.921 299,562 CURRENT ASSETS Debtors 14,961 17.945 32.906 16,074 28.802 44.876 Cash at bank and in hand LIABILITIES; Amounts falling due wSthin one year 7,196 6.029 NETCURRENT ASSETS 25,710 38,847 NET ASSETS 331A32 338.409 FUNDS Unrestricted 10(8) 10{b) 10(c) 122.107 144.892 64,433 331 A32 133,366 143,566 61,477 338.409 Restricted Endowment Approved by the Parochlal Church Council and slgned on Its behalf by: C.JL (Lfkns Jonathan Evans Churchwarden
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON NOTES TO THE FINANCIAL STATEMENTS For tho year ended 31 December 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with Ihe Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 - (Charities SORP (FRS 102)) and the Charities Act 2011. The financial slatements have been prepared under the historical cost convention except for the valuation of investment assets which are shown at market value. The financial statements include all transactlons, assets and liabilities for which the PCC is responslble In law. The primary objective of the charity is to promote the gospel of our Lord Jesus Christ according to the doctrine and praciice of the Church of England. The charity meels the definitlon of a public benefit entity under FRS 102. There are no material uncertainties about the charity's ability to CA)ntinue as a going concem. Funds G8ner81 funds represent the funds of the PCC that are not subject to any restrictj'ons regarding thelr use and are avallable for application on the general purposes of the PCC. Funds designaied for a particular purpose by the PCC are 81so unrestrlcted. The funds of the PCC have been approprlalely analysed and the statement of financial activities has been prepared in accordance with this analysis. Incomlng r080urco8 Volunt8ry Income and capit81 sources Collections are recognised when recelved by Of on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the donation Is recognised. Grants and legades to the PCC are accounted for only when received. Funds raised from sales are 8ccounled for gross. Other income Rentsl Income from lettlng the Church Centre Is recognlsed when the renlal Is due. Income fmm Inveslments Dlvldend8 and Interest are accounted for when recelvable. Tax recoverabl8 on such Income Is recognised in the same accountlng year. G8lns 8nd losses on Investments Unreallsed galns or losses are accounted for on revaluatlon of Investments at 31 December.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year anded 31 December 2024 Resources exponded Grants and outrward gIng are accounled for in the SOFA when paid, unless an obligation, whether constructivo or legal. exits to the recipienl in accordance with the Ch8ritles SORP and FRS 102. Activities directly re18ting to Ihe work of the Church The diocesan quota is ac(x)unted for when payable. Flxed assets Consecr8t8d18nd 8nd buildings. mov98ble church fumlshings and th8 Church Centr8. Consecrated and beneficed propety is excluded from th8 accounts by Sectlon 10(2)(c) of the Charities Act 2011. Moveable church fumlshlngs held by the Vicar and Ihe Churchwardens on 8pedal trust for the PCC. and which require a faculty for disposal, are accounted for 8s Inallenable propety unless consecrated. They are Ilsted in the Church's Inventory which can be inspected (at any reasonable tlme). For Inalienable property acquired prior to 2000 there Ss insuffictent cost infomation available and therefore such assets are not V81ued in the financial ststements. No inalienable property was acquired in 2024. All experKliture Incurred in the year on consecrated or beneficed buildings is written off. The Church Centre Ss Included at estimated original cost. Other fixtures. ringS, office equipment and chuthyard machlnery Freehold land is nol depreciated. Equipment used within the Church Centre is depredated on a straight-line basis as follows. Fumiture 100A per annum Computers and printer 20% per annum Audio equipment 150A per annum Churchyard machinery is depredated on a stralght-line basis al 15% per annum. Investments Investments are valued at m8rket value at 31 December. Current as•ots Amount8 owlng to the PCC at 31 December In respect of rents or other Income are shown as debtors. Short-temi deposlts are held on deposlt wlth the Central Board of Finance of the Church of England.
PAROCHIAL CHURCH COUNCIL OF ST MICHAELAND ALL ANGELS. CLAVERDON NOTES TO THE FINANCIAL STATEMENfd IcontlrnJ•d) For th• y•ar •nd•d 31 D•c•mb•r 2024 2 INCOMING RESOURCES Unrestrlcled Fund8 Restrlcled Endowmenl Totsl Funds Funds Funds 2024 2023 P18nned Olng. Gift Ald don8llon8-regular Glft Ald dona1lonjne off Income lax rocovorabl 33,322 4.054 10.574 3,0 38,322 4.054 11,918 120 32.444 12.821 12,333 120 1.344 120 Youth and famlly mlnlity SUPPOrt Othèr pljnned glvlno Coll•dlonJ .733 2.981 330 8.733 5.337 330 7,223 3,415 1.283 1,609 71,046 2.376 Maoazlne donatlon8 Sundry don8lon8 3,849 63,823 3,849 70,663 6,840 2(b) Legaoes Grants 3.000 5.000 5.000 5.000 3,000 7,072 7.072 7.072 7,072 4.017 4,017 M8gazlno 8dv•rO•omonl• Roodllghln9 Other Church C•ntr• l•ttin91 Sales and otherfvndral8lng events 6,879 6.879 8.793 40 15,257 483 15.257 483 17,635 570 22,819 22.619 25.038 Olvld8nd• and Int8r881 re¢fjlvod 2,087 1.305 3,392 3,382 TOTAL INCOMING RESOURCES 100,601 6.840 1,305 108,746 100.485
PAROCH14L CHURCH COUNCL (%ST MNAELAND ALLANGELS. CLAVERDIJY NOTE5 TO THE rnANCIAL STATEMENTS (c(mtlrw•d) For y••r •nd•d 31 D•c•fflb•r 2024 3 RESOURCES EXPENDED Unf8$trlclod Funds Re8trlct8d Endowment Funds Funds Totsl Fund• 2024 2023 31•) Gr Mls8lon8ry and thafltsblo glving: Churth ovorJea8'. MIlOnary sodeles TelSef and devolopmenl B98nd0• Horn8 misslon3 and Othgr Churth Sode¥8s SecAJlar ch8rits.es 3.950 815 626 1.329 6.720 3,950 815 626 1.429 6.820 298 420 481 (121 1.187 31b) Mlnl8ty'. DSocasan Parlsh Share Vicarfs expenses Mlssion & outreath ctists Youlh and tsmily mlnlsty c¥sls Chur(* runnSng ¢ts Churth malnknn8nc4 Upkeep ol servlces Upkeep ol churchyard Expendlknre on magazlne Church Centre runnlng costs Malor repalr8. re4ments and Improvernents - Churth Centr8 Renew8ble Energy PrDJod 39.480 39,480 37.600 979 209 20.509 5,031 5,870 637 683 5,409 25.768 141 141 8.942 8.300 4.863 1.431 1206 5.743 21.535 8.822 6.300 4.611 1.431 1.206 5,743 21.535 120 252 11,553 100.822 11.553 101.194 372 102.695 3(cl 06pred8ts.on Bank Ch8rges Prtnting and Slationery and sundryexpense8 Church offlce expenses PCC admlnlstrab've salarles Parfsh bookeeping costs 201 201 1.322 1.195 10.675 476 260 299 1,322 1,195 10.675 476 13.869 7.011 163 8,317 13,869 TOTAL RESOURCES EXPENOEO 114,7•1 7.092 121A83 112.199
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON 10 NOTES TO THE FINANCIAL STATEMENTS (contlnued) For Ihe year ended 31 December 2024 4 TRANSACTIONS wrrH PCC MEMBERS AND OThER RELATEO PARTIES No PCC member received any remuner8llon nor relrnburnomenl olexpenses except Ihose that were dSrecUy and wholly attributsble to PCC acdvllles. 5 FIXED ASSETS FOR USE BY THE PCC Fr••hold Land & Church C•ntr• E4wlxn•nt k) CIMKch C•rtr• G•rd•n wlwn•nt Tot•1 Audlo COST Al 1 January 2024 Addlllons Al 31 Dec•mbef 2024 112.641 3.552 7,410 2,574 126,177 112.641 3,552 7.410 2,574 126.177 DEPRECIATION Al 1 J8nu8ry 2024 Charge for year Al 31 December2024 3,552 7.410 2.574 13.536 3,552 7.410 2,574 13.536 NET BOOK VALUE At 31 0e(*mber 2024 112.641 112.641 Al31 D9mber 2023 112.641 112.641 The glebe field Is freehold land 8nd Is sts(6d atcost of£6.64112023 £6.641). At 310•c•mb•r M•rk•t Va 2024 Unh 2024 2023 Co•t 2024 2023 2023 G•n•r•l Fund• Accumul8Uon 8h8re8 In CBF ColE In¥e8lmenl fund 4202 4162 26.376 24.854 6.187 6.167 Income 8h8reJ In CBF ColE Invo•trnonlfvnd 3212.7 3.212.7 74.287 100.862 72.824 97,478 40,672 46,839 40.672 46.839 R••trlct•d Fund• Accumulatlon 6hai08 In C8F COE InveBtrn8nlfvnd 513.9 617.9 32.251 30.925 7.833 7,833 Endowm•nt Fund• Accumulalion Jhares In COIF Inve8trnenl fvnd 48.9 48.9 12215 11,624 217 217 Income 8h8rn8 In COIF Inveslmenl fund 2,363 2,363 47.953 60,168 46.894 58.518 2245 2,482 2.245 2,462 Total Inv•stm•nl• 193,081 186,921 57,134 57.134
PAROCHIAL CHURCH COUNCILOF ST MHAELAND ALLANGELS, CLAVERDON NOTES TO THE FINANCIAL STATEMENTS (¢onllnu•d) For the y•ar •nd•d 310•c•mb•r 2024 6 ANALYSIS OF NET ASSETS BY FUND Unr••trkt•d FurKI• R••trkt•d ETh*>¥nn•nt Furn1• Total Fixed assets Current assets Currenl Ilabilib'es Fund balan(S 100,662 28.641 {7.196) 122.107 144,892 60.168 4265 305.722 32.906 (7,196) 331,432 144.892 64.433 7 DEBTORS 2024 2023 Debtors for goods and ser¥ic•s (Jherdebtors (induding tsx recoverable) 2.185 12.776 14,961 873 15.201 16.074 8 UABILMES: Amounts f•lllffj on• y•ar Ac(xuals and doferred Inco 7,198 7.198 6.029 6.029
PAROCHIAL CHURCH COUNCILOF ST IAICHAEL AND ALL ANGELS. CLAVERDCIY 12 NOTES TO THE RNANCIAL STATEMENTS Icontknu•d) For th• y••r •nd•d 31 D•¢•mb•r 2024 9 8TAFFING COSTS In 2024 the PCC employed Ihrno part4me stsff - the parloh (Zel8ry. a youtr) wortar, and a daanèf at tho Churth C8ntrg. In tho earty partofthe year 8 posltton responsible IDr the adrnlnistralon ofthe Chur( Centro wa• made redundanL Totsl gross 88lary costs lorthe yearwer8 £20.030 {2023.' £28283) 10 FUND DEfAIL8 lal The unre8tn'cted fund• MPri•8 the genernl tund ollhe PCC and olhof tsndJ dognald by tho PCC IDr part'cular PUfPOSeJ •• bllows: General fund 122,107 N8". TIKI fuTrJ¥ h11t u"gw4f hgv• bo c4ThLJtsI KI dBckneAJ "Gar81 FuThf fwe atQ40. (bl The r8stri¢ted funds comprise. Capltsl c•st olchurti Centre Capllal cost of Glebg Field Casoe legacy 106.000 6.641 32,251 144,892 The Casme Legatys use Is restricled to tha mainlananco oflhe thurchb bells. Ic) Tha 6ndowmontfundJ of£64,433 comprlse the Readlng Room Fund1£12215}and The Malthew8 Charlty {£52218). Under a Chadty Commlsslon (Or. lh8 proceeds 01ih8 old Roadlng Room wero Investad and have ) bo acMUlated for80 years from 1981. The Matlhews Chadty1$ 8 chorlty (¥08lad by John Mathew8 In 1526 by hl8wiII.1118 roglsiered with lh8 Charlty Cornmls8ion. its trustees belng Claverdon PCC. Its lunds aro used frx repalrs and mainknnance oftho Parfsh Church olCla¥erdon. 11 CLAVERDON SUNOAY SCHOIX FUND The Cloverdon Sunday S(*ool Fundlg a Ly)nneded charity. Its trustses afe tho Minlsler and Churchwardens olclaverdon. Its bgnefidarle8 arn the parlsh88 ofclavenlon. Pfesbn Bagot and Norton Lindsey. Durfng 2024 the Fund madg grnnls 01£5,(X)O tr> Cla¥010n PCC {2023: NII) to help 8UPPOrt youth and chlldfen's wolk wlthln th• partah. 12 A qulnguennlal revlow ofth• Churth fabrtc k)ok pla In 2024. Tharn worv no rnaj iknrns ol concem Idenlified.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST. MICHAEL AND ALLANGELS, CLAVERDON I report on the financial statements of the PCC for the year ended 31 December 2024. which are set out on pages 4 to 12. 13 Respectlvè responslbllltles of trustees and examlner The members of the PCC are responsible for the preparation of the financial statements. The members of the PCC consider that an audit is not required for this year (under Section 145(1) of the Charities Act 2011 ("the 2011 Act-) and that an independont ex8mination Is needed. It Is my responsibility to: examine tho financial statements under Sectlon 145 of the 2011 Act: to follow the procedures laid down in the General Directions given by the Charlty Commlssloners (under Section 145(5)(b) of the 2011 Act): and to slate whether particular matters have come to my attention. Basls of Ind•pend•nt examlnar's report My examination was carried out in accordance wilh the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the financial statements present a "true and fair vie4rf and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In conneclion with my examination, no matter has come to my attention: {1) which gives me reasonable cause to believe that in any materlal respect the requlrements to keep accounting records in accordance with sectbon 130 of tha 2011 Act; and to prepare financ581 statements which accord woth the accountlng records and comply with the accounting requirements of the 2011 Act have nol been met,. or (2) to which, In my opinion, attention should be drawn in order to enable 8 proper understanding of Ihe financial statements to be reached. Mr Rlchard Butler 58. Kingfisher Close Warwick CV34 SGD