RF.GISTF.REDCHARITI' NUMBEII,. 1129909 Repoi't of the Ttiistees an(1 UnAu(lite(l FiilglJLiAI Statemeiits foT thc Year Eiidcd 31 Dec¢mbei' 2024 fO- BRII DON PAROCHSAL CHURCH COUNCIL Clifton-ci'ick Sliarp & Co. Lid ChaiteiTd Ac¢oiiiilants 40 Higli Street Per8hoi Worccs*r5hirc WRIO IDP
BRF.DON PAROCHIAL CHURCII COUNCIL Conteuts of tlie fiin2ncial Statements TrOR THE YFAR EINDE4 D31 DECEIMBER 2024 Page Report of the TrustC¢5 Indepetjdeijt EIAmineY's Report StAteineiJt of TriiiAnciRI ActivitÉes Balaiice Shttt Not¢s to the Finaricial Stateineiits 9 to 16 Detailed Statement of Financial Activities 17 to 18
BREDON PAROCIIIAI. CHURCH COUNCJI. Repoi't of tlie Trustees r4OR THE I'EAREINDEID31 DFCCMBEI R20Dt The truste¢s prcseni their I'eport witli Iht financial 5tatemcnis of the charity for tlie year ended 31 Deceinber 2024. The trusiees have adopted the provi5ioiis of Accoiinting and Reporting by Ch&rities.' Slalemetit of Rc¢ommended Practice applicable to charitics prepariiig their accoiiiit5 in a¢¢ordaiice with 1Sie finaiicial Reporliiig %taiidai'd dpplicable In tht UK and RcpLiblic of Irelaiid IFRS 1021 (effective l Januaiy 2019). The PCC is a charily Irgistered wEth the Chaiity Commissioii ot] lJun¢ 2009. We are IrgisteiEd uii(lei' the name Paiicliial Church Coiincil of the Ecclesiastical Parisli Df St Giles, Bredoii in the Diocese of Woirester. TheTe 15 one chaiity aiid one trust witli wliiclTr the l)CC is u550¢iated iii connection iviih St Cjiles CIILircli, iiamely.. Thr Friei)ds of St Gilcs Bredoii.Klea(loiv'fiusi, fiDm wliicl) the PCC receives a rental incomc OIIJECI-IVEI S AND ACI'ivI'riis Aims & pl1Ose5 The PCC lias lh¢ iEspotisibility In plMDtIg the wliole rnissioii of the Chiirch p2StoiTrl, ¢vangtli51i¢, social at)d ecumeiiical Ill tlie ec¢le5ia51i¢al pai'ish. 'I'o facilitate Ihis woi'k the PCC is also specifiGally resp)nsible for mainlaiiiinB the fabric of St Gilcs aiid Il)e adjoining ChLir¢h Roonis, aiid tlie Chapel of E¢ at Bredoi)'s Norlon When planniiig our aclivities foi. tlie yeai., tlie in¢iin)bent and the PCC have congidtred the Cotntni55ion's guidance on publlc beiiefit and, iii ptI¢ll1ar, Ihe specific giiidance 011 cliarilics for tlie advanccnient of religioll. Iii co-opei?tion witli the incuinb¢nt, the PCC is conirn%lt¢d to eiiabling as Inany peoplc as possible to worsliip at oiir chuirli and lo become pari of oui. parisli cotnrniiiiilies at St Giles and Brcdon's Norton, The PCC niaiiitailis an overvicw of w015hip thiUgh011l the parish Inèkes suggcstioiis on how oui. seivi¢es cali involve the Inaay ¥oups that live wiihiii oui. Parish. FINANCIAL REVIEIW Rrserves polley The PCC %ti'ives to maintain sufficient irserves lo en5iire that it lias tl)e necessaiy working eapital to meet exp¢iiditui'c o the maiiilenan¢e of thc chiirch biiildings and plai)t as well beiiig prepared foi. iinforesetn etn¢rg¢ncy iepails and repl&cem¢n15. TIIIS 5S tsliinated as a minimuin of nine Jnonilis expenditure on G¢n¢i?l Account foi. Si Gtles aiid Eonsiderably Inore for Bredon'5 Noilon where the cojigi'egation, and therefore tlie incoine, is eortsiderably simaller.
BREDON PAROCIIIAL CHURCII COUNCIL Report of the Trii&tces FOR THE YCAR ENDED31 DEICEMBER2024 FINANCIALREVIEW The suminary Inconie & Fxpenditi>re IEport of the a¢coiint5 schedule shows total incoime foi. the two Chuid)es at just over £80.000, expenditllit at £93,000. and a dcficit of £8,900 Jfter adding back a positive i-evalualioii of invesiineiits of £3,000. However 10 get a ¢learer pictiire of tlie pogition we sliould con5idei' tlie two CliurchE5 sEpaiilely, &nd figiires for St Cjiles and Bd0S Norton aiE shown on the supporting sehedulLS. St CFilei cl)l'ch At the blI1117¥ of 2024 the outgoing Chuirliwai'dtn Andrew Chapmaii aud I prodiiced a budgct for St Giles wliich showed R disrnal piclui'e of IncDme £69K, expciidittire £112K, and ali expected deficit of £42K. I'm pleas¢(I to repoit that Ilie actual Issult for tliE yeai., i¥hile slill ne¥ative, is a lot bettcr than budgctcd, willi IncFJine aboiil £3k bettw than budge¢, aiid a big savin¥ on expendiiuir of £25k, with a defieitof £12k L4)oktng at Iii¢oine fii'sl, it ivill be noted tliat the tDtal of £72.157 was a lot lower than the previoiis year's £101,595, biit that figure was inflared by a ¥eiieiN)us, bill conditional, doiiation of £30.000 to the pioposed Lavatoryll<ilcheiiette PIDject, a topic coveird elsewlieje, aiid if you subtract tliat Ilien the ftgiire for 202.3 is £71,600. roughly rhe same as this yeai's total. Planned Ciiving and Getiei?I Colle¢tiot)s together wej'e higli¢r by £4,500. 21Q/o, so grateful thanks are duc to the congregation for tl)eii' suppoi't. Noii-G&ft Atd donfitions wciE well down 011 Ihc pr¢vious yeai. largely diie to the skewing effecl of tlie lobo donation, aiid fund iBising pi'oceeds weiE down on the PlEVIOU5 yeai. largely di1¢ to thc late aR'ival of some Boat Racc iiicorne which WEII thus be re¢ognised in the 2025 aceoiinls. Md.4aiine Ill1¢ was lowcr by £2,OIXI and Cliiiirh Rooin hire was also down by £3,000, although botli temS have irceived late paymeiits whicli aTrJved ihis yeai.. On a iiiore wsitive note. wedding and fuiieial incom¢ of Iicarly £12,000 wa5 SIX times highei. IhaTI in the pr¢vious yeai. Tvmin¥ to Expendiiure, th¢ toial figure in 2024 was £86,418. against £84,509 in 2023, lip abolit 2Q/u although ilieiE were sIgnificanl vai'iations on specific line iiems ovei. the two years. We saved some money on Utilities, 8nd a lol of Imoncy oli Rcpairs & laintena1ct, diie ID repaits to the iYJof in 2023. W¢ speiit more than in 2023 on Secretarial & Book kEcpins &xpenses, and iii paiticiilar on Legal & Profes51Dnal fees tncui'i'cd niaiiily in planniiig & othei. expenses iiivolved in developimg Iljc exteiision io the Cliurcl)yard. We also sp¢nt £5k Inoir in 2024 tlia) in '23 on Ministry Shtwc. althoiigh we were giyatly assi51td iii '21 by a Dioccsan gi'ant. Iii eai'ly 2024 we Rpplied for anothci. Diocesai) Grant, whicl) WRS iinsuccessful, leaving lis willi a 2024 Ministry Share re4uest of ovcr £40.000. Wt liavc done OiiT b¢51 to contribute to Ihis by paying it Inontlily in full ujitil Julie 2024 at which want we weir forced to siispend payiiienls a5 Calltiiiiiiiig to pay WOEild deplete oui. TlOlI-rcstricted cash resources to 511¢11 uii extent that we would only have a few tlloiisand pounds availa61L with Nvliich to 5tsrt 2025. It sliould be stressed that we did i)ot take Iliis derision liglitly and did so only after discussing the nittti' witli the Diocesaii OffEcer IEspoiisible for these affai. Thirntng lo iiscrves in geneixl a qllick exaniiiialion of thesc accouiits woiild seein to indicate that the Cliurch has plenty of money at its disposal, howeve¥ tliE girat majoiily of tliem are classified as Testi'icted aiid hence not available for day to day expendilurt. DetaTls are given in (lie aecoiinls s¢liedule5. but they incliide.. £30,000 in the lavatoi'y kiichenet* fund.. reliirnabl¢ if the project doe5 1)ot go ahead £45:000 in the OIEan Fuiid, specifically io b¢ iised for the repaii. & mainteiiance of the Chuirh Organ at the beqiiest of Ilic lalc Derrick Gi'aiTig¢i', and at thE moinent inviolable. £11,700 In Ilie fabric FLElld, wliicli we believe could k awe5scd. and niay h&ve to be as the year progresse5. We have applied foi. anoiher Dioccsan foi. tliis year and we awaiting the olltcoine, and iii thc meantime we are resurning paymellls of Ministry Share wl)i¢h we shall coiitiniie foi. as long as we can. At the slait of the ye4tr wc thiis have iittrestri¢l¢d fuiids available of £23,000 Itliis would have bern £3.000 had we paid fiill Miiiistry Sli&ir), and witli inEoin¢ budgettd al £68K, expenditUlE at £105K. including fiill Ministiy .Share. we cati eypeci a defi¢it of £37.000 for tlit forthcoming year, which would ¢inpty the available funds leaving £14,000 to be foiind either fiDm tl)e Fabric Fiind, or savings in Miiiislry Shair or both. Page 2
BREDON PAROCHIAL C.HURCII COUNCIL Repoi't of the Tj'iistees FOR THE YEAR E4NDf,D31 DECEMBER 2024 rilNANCIAL REVIF.W I thtnk we should bc abl¢ to manage this year, but the outlook for 2026 is bleak. Bredojjs Noi'ton Churcli Headli1* figui'c5 sliow total Incotnc in 2024 was £8,907, against £1 1,814 in 2023, and ekpe115S5 iii botli years alniost exactly Ihe same, £6,694 in 2024 and £6,794 in 2023, leavin¥ a surplu5 in 2024 of £2,213 against £5,020 in 2023. Plaiiiied Giving iiicome in 2024 WRS down sligliily, as were gencral collections, the pi'evious yeals takings having been boosted by one off donations at iveddiiigs aiid a baptis>n. Fundraisin¥ income was ¥eatly reduced, 2023 having benefited from a Summer Concert, and also sales from calendars wliich were discoiititiued in 2024 on cost grounds, Expendituir w&% kept well linder control and was in line with the previous year, exceptiojial items bcing trimining of trees in the Cliiirchyard £350 and painting of the Chiirch gates £462. We also paid our portioii of Ministry Share until June wli¢n we suspended payments along with St Gi1. The valiie of It5vestmeiits ¢ontinued to show sotn¢ growth willi the owerall result tliai the excess of iiicoine over expeiid&ture for the year was £3,178. Nvhich is a s&tisfaotory result. John Raiikin Hoti I reasiiitr Bredons Noiton Chui'ch S'I'RUCTURI,GOVEKNANCE AND MANAGEMF.N'r Operatlllg under the Parochial Cliui'cli Couiicil powe fvleasure 1956, the PCC is a COTporal¢ body established by the Cliiirch of Eiiglatid. The oiily stalLltoiy siib-eommittte 15 the Standing Coniinittee (SC). Decisioiis made by the SC ai subj¢ct to IEtificalion by the full PCC at its next mecling. Thc parish of BIEdoii ¢2nd BIEdon's Noiton Consists Df Brcdon village, the village of Bredon's Noiton and the three smaller villages of Westtiiancole, Ki115ham aiid Bredon'5 Hardwick. Ai Ihe 2001 ccnsus the parisli liad a population of 2,720 OCCLipyiiig 1,155 households of which a fiBciion over half lived in Birdoii itself. This popiilation was foircasi ro iRcrea5e by 5.5Q/o by tlie tirne of last year's ceiisus, alihouglTr the detailed figures for Bredoll have yet 10 enierge. RE4 f4f< RENCE AND ADMINIST114TIVE DETAILS Registered ChAI'ity niitnbeL' 1129909 Pi'illcipAI addi'ess Tlie Vicai'dge Di'akes Bi'idg¢ Road Eekifjgton Worce5te15hire WR103BN Pag¢ 3
BREDON PAROCHIAL CHURCFI COI)NCII. Repoi't of th¢ Ti'y5tCES FOR TI.IE YEAR CDr1D31 DE4CLiMBfiR2024 'ri'ustees Chui'cliivai'den5: DrA C.hapman luntil ApTiI 20241 Mrs A Godsell Meniber5 of the Parochsal Church Couiicil IPCC} who have served froin l JaaiiaTy 2024 iinlil the dale of this repoit weve,. Rev A DaviE5 Mrs G Streeteo (Hon Treasurei. froin IS Septemb¢r 2021 until Apiil 2024} Mi% D L Deniiy Mis V M Ebbage# Mi. P M Meadows {Churchwarden Biedon's Norton) MIE P Firith MIE A Godsell Mis Cai'ol Miller Mi'PaLII Miller11?CC Secretary fiDtn April 20231 Mr C Wolstenholme MrJ Rankiii Dr A Cliapinaii l until April 20241 MI'P Whitehead # Mrs P Briiinma¥e IE denotes Dcaii¢ry Synod InenibeT IDS) * denotes Standillg Coiiiimiltee mcinbcT (SC) Biedon's Nortoii Cliiirch OtTJcet5.' Mi. P M Me&dows Ichuichwardeii) Mi'J Rankin (Hoii Tieasui'erl Mi. M Bairett (Safety Ofyictrl The inethod of appOttEM¢nt of PCC mcinbeiE is set oiit iii the C.liurch Repre5enlatioii Riiles. All Chui¢h attendees clfE eiicoiiraged lo register on the F.leetoral Roll aiid 51i2nd foi. election to Ili¢ PCC. The PCC is a chat'iry resisteird wtli tlie Cliai'ity Comiiiission. We al-e regE$'ed ulldei. tlie iiaine 'Tlie PaiDchial Chiirch Coiincil of Ihc Ecclesiaslical Parish of St Giles, Bi'edon iti tlie Diocese of Worcestei Registered NuiiibEI' 1129909 ajid lias a ivorlcing ii?Ine of Bredon PCC. There 5s one charity aiid one Irust with which the PCC is associated in connectioji with St Ltiles Cliiirch, namely.. - The Fi'iends of St Gilrs Bvedon Meadow Triist, finI which the PCC rweivE5 a reiilal iiicome. IndcperideTtt EY£?miner Clifton-ci'ick Sharp & Co. Ltd Chartered Accoiilltaiils 40 Fligh Street Pershore Woicesteishii'e WRIO IDP Tht Priest iii ChaiEe: The Revd Allisoti Davies Th£ Rectory Drakes Bi'idge Road E¢kiTiglon WorcesteiEIIiiY WR103BN Page 4
BREDON PARI)ClllIlL CHURCH C()uNrtL RL'PDrt ot tlit. Ti'u51LIis FOR THE YCI AR EINDELD 31 DECEMBEt R 2024 AppYi?Vid by ordu'i)fihe board ol'inisltes 01).. TriJst¢c Picgc5
Indepciident Exainiiier's Report to tlie Tru5tee5 of Bredon Pai'ochial Church C(>iin¢il Iiidcp¢ndent exaininer's report to the tl'U5teE5 of Brcdon Paro¢hial Cl)urch Couiicil I repoit to tlie chai'ity Il'LlStees on i))y cxainiiialton of the accounts of Bi'edon Parochial C.liuirh Couiicil (Ihe Trust) for tl yeai. ended 31 Deceinber 2024. Respoiisibilities 2nd basis of i'eport As the ¢hdl'ity triistees of ilie TTIISI you ar¢ re5POn5ible for tlie prepardtion of the accoiiiits in accordancc with tli¢ Tequirancnls ofthe Ch#rÈtacs Act 2011 I'ihe A¢t'l. I Irpoi2 E51 respect of tny examination of the Ti'ust's 8ccounls caiTied oiit linder Sectioo 145 of the Act alld tranying out Iny examination I have followed all applic&ble Dire¢iion5 given by die chai.ity Comin%ssion under SeGlion 145(5llb) of the Act. Independeni examiiieT'S Stateillenl I have completed njy examination. I confirm that no matej'ial Inatters have come to Jny attention ii) conncctioii with tlie exainination giviiTrg Ine cause to believe that in aiiy malei'ial iispect.. accounting recolS were not kept in Irspect of the TT115t as I'equired by Section 130 of Ihc Act; oi. the accounts do not accord with those Ir¢ords' oi. the accoiinls do iiot coinply with Ihe applical)le Irqiiircmeiits concerniii¥ the fom and content of accounts set oiit iii the Cliarities IA¢Loiiiit5 and Reports) R¢gitlatioiis 2008 othcr Ihaii aiiy i'eqEiirenient tlial the aocounts give a true and fair view wliich is not a Inatter cot)sidered as pait of an indei)endent exainination. I have no concein£ and have come acv05S llo othtr mattels iii connection wilh Ilic eY£1mination to which alteiition should be di?wii In thi5 rew)It in order io ei)ablc a pi'opei. Linderstandiiig of the ac¢ouiits to be a¢ed. Meii?i¥ Bird Cliftotj-crick Sharp & Co. Ltd Chartcred Accountants 40 Higli Sti-eei PeTshore WorcestershiiE VRIO IDP Date.. Page 6
BREDON PAROCHIAL CHURCH COUNCIL Stalcment of Financi21 Activities FOR'FHE YEAR ENDED 31 DECFMBER 2024 31.12.24 Total funds 31.12.23 Totsl fullds Unresli'icted fiinds Resirieted funds NotES INCOME AND FNDOWMENfs FROM Dortations and lega¢ies 57,736 8,062 65.798 86,159 Otliei. Iradillg activitit5 Iiivesiii)ent income Oiher incoine 2,521 983 11,407 2,521 1.336 11.407 9,427 1.274 16,550 353 Total 72,647 8.415 81,062 113,410 EXPENDITURE ON Raising fui)ds 74 74 3,295 Chai'itable activities Cliur¢h Activitics 1,320 1,320 Otli¢r 83,388 8,329 91,717 88,009 Total 84,782 8,329 91,304 Nct gain% on inve5tmEnt5 3.028 105 3,133 7,626 NET ITrJCOMEIIEXPENDITUREI (9,1071 18,9161 29,732 RECONCILIATION OF FUNDS Total fiinds biDught forward 74.867 101.996 176,863 147,131 TOTAL FUNDS CARRIED FORWARD 65,760 102,187 167,947 176,863 T]ie notes foi'm part Df tlic5e financial statenients Paxe 7
BREDONPAROCHIAL CHURCH COUNCIL BAlanc¢ Sh¢6t 31 DECEMBER 2024 31.12.24 Total funds 31.1223 Totsl fikttds Unrestrictcd R¢stricted flltxds Notes FIXED ASSITS I'allgible assets Inve5tmthts 2,849 66.742 2,849 76546 9,804 69,819 69591 9,804 79,395 69,819 CURREbrr ASSETS Debiors Cash at baijk ith hand 7,293 (8,5061 7,293 83,877 6.135 102.217 92,383 (12131 92,383 91,170 108,352 CREDITORS Amounts fal]ingdue within on¢ year (2,618) {2.618) 11,308) NET CiJRREKf AsST8 (3,8311 92.383 88,552 107,D44 TOTAL ASSETS LESS CURRENT LIABILITIES 65,760 102.187 167.947 176.863 NET ASSETS 65,760 102,187 167,947 176.863 FUNDS 10 UDrestri¢ted futtds R¢strict¢d fiJnd8 65.760 102.187 74.867 101,996 TOTAL FUNDS 167,947 176,863 The stst¢m¢nts werB approved by th¢ Board of TNstees &bd authorised for iwe .. and wu¢ signed on its b6balf by". Otl Thter Thenotes fumirt01th¥$¢ finanGiaI 5talem¢nt% Pa&* 8
BREDON PAROCHTAL CHURCH C.OUNCIL Noles to the I". inancial Statements FOR TFIE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of prcparing the financial 5tateinents Thc financial statettiei)Is of the chai'ity, wliich is a public benefit entity ulldei. FRS 102. have been prepaied iii ateoiylaiice witli the Lhai'ilies S()RP IFRS 1021 'A¢couiilitiE and R¢porliiig by Clidr*ties'. Staiemeiit of Recominended Practice flppli¢able to Charilies prepai'ing their a¢couJits aEtoiYlance witli the l.inancial Reporting Siaiidard api)licable ii) Ihe UK and Republic of Iieland IFRS 1021 (effective l January 20191,, Financial Rcporting Standard 102 'The financial Reportiiig Standard applicable in the UIC and Republic of Ir¢laTid' and tlie Cliai'ilies Act 2011. The f&iiancial Statements have been piEparcd und¢i' the histoi'ical cost convenlioii, wi(h die exceptioii of investmeDI5 whicli are incliided ar market valu¢, as Inodified by the revaluation of certain assets. Income All ii)come is recogijised iii the Siatemeiit of financial Activities once the charity has entitlemenl to the funds, it 15 plbab]e tliat the income will be Irceived aiid the amouni can be measuTed reliably. Expenditure I,iabilitiÈs aiE rerogliised as expendilurc as soon as Ihere is a legal Dr ¢onslructive obligatioij conimittiiig the charity to thai expenditure, it Is probable that a t]sfer of econoinic beiiefit5 wi51 be rcquii'ed 111 beiileineiit and the amount of the oblieaiion can be iMeasLiird reliably. Expenditiire is accounted for on an a¢cruals basi5 and h beeii classified linder headiiigs tliat aggregate all ¢ost related to Ihe category. Wliere costs cHnnot be directly attributed to parti¢ulai' he8ding5 th¢y Iiave becn allocaled to activitlcs on a basis consisieiit with tlie 119e of IEsources. R8%sing ndS Kental income fiDih Ihe lettiiig of chunh premiscs 15 Ircognised when the itnial is dut. TaD8iblE fixed assets Depreciation is piDvided at ihe lollowii)g aniiiial raies iii ordei. to WEite off eaLli a55et ovtr ils estiinated iiseful Consecrated and benefice property of any kind is excludEd ftt)m the fjnancial Statmel}Is by slO(2llal of the ChaTlties Act 2011. loveable chiiycli fuinisliings hcld by the R¢ck)i' and Chiirchwaiylens oil speeial ti'iEst for tlie PCC and whi¢li require a faculty foi. disposal, arc accouiitcd foi. as inalienable propeity unlc5s ¢onsecrated. They ar¢ listed iii the hurch's inveniory wl)ich cali bt inspected at any reasonable tirlle. Foi. inalienable prope¥ry acqiiii'ed prior to 1999 Iheii Is insufficieiit cost infoi'mation available and tlieYefi)i'e siicli assets are iiot incliided in (he fI[nCIal stameii's. therE were no acquisilioD5 of inalienable piDperty in this finan¢ial year. Equiptnent pui'chased for use in connection witli the churcli is depreciated on a 51raight line basis ovei. 5 years except nf purchascs of less thali £1,000 which are written t>tYwhen made. I'axation Tlje cliarity 15 exempl from tax on ils Ehaiil&ble activiiies. Fuiid accoiinting Unrestricted funds Can be iised in accordance with the cliaritAble objecLEvts at th¢ discretion of the trust¢es. Reslri¢ted funds can o>nly be iised for partlCLilai' restricted purposes within the objects of the ¢h3rity. Restrictions arise wlien 5peGifi¢d by the doiior or wheii funds are iaised for paitiGular iestricted pui-poses. Further explanatioii of the Iiatuve and pill'pD of each fui)d is included in tlie note5 to the fiiJanci21 siatrments. Funds Geiiei'al fuiids I'eptrsent the fiinds of tlie pcc that arc not siEbjeet to any restrictions regarding theii. Iise aiid are available for api)licatioii for tlie Eeiieyal purposes of the PCC. Futids designated by the PCC foi. i)aiti¢iilai' piirposes ali also utirestricied. Page 9
BREDON PAROCHIAL CHURCH COUNCIL Notes to the Financtal Statc3iients- eojitinued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUN'fiNG POLICIFS - contiiiutd Funds Restricted fuiid5 are funds whitli ttir lo be iised im accordaiiee willi specifi¢ restrictions iinposcd by donors or which have bcen i'aised by the cliuirh foi. Jy4rlicular purposes. Thc cost of i?ising and adiministering sii¢h funds are chai'ged against tlie specific fvnd. The fill1¢141 siatciiients in¢ludc all tralisaet05, 88sets and liabilities fDI- wliich the PCC is iysponsible in law. They do not iiiclLide financial staletnenis of church groups tliat owc their inaiii affiliation lo another body iior those that are informal gailiei'iiigs of chuirh nieinbeys. OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Fundr&ising events PCC fees 1,950 571 9,427 2,521 9,427 JNVESTfvIENf INCOME 31.12.24 31.12.23 Rent5 Irceived Deposit a¢couiil interest 390 946 390 884 1,336 1,274 TRUSTEES. REMUNERA TION AND BENEFITS 'Iheye weiE no tl'Lisl¢e5' reiniineration or other benefits for the yeai. ended 31 De¢#mbcr 2024 iior for the year ended 31 December 2023. Trustees, expenses There were no ITllStees' expenses paid for die year ended 31 December 2024 1)or foi. Ihe year ended 31 Decanb¢T 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresiri¢i flinds Restricted fiinds Total funds INCOME AND ENDOWMENTS FROM Don2tions aiid legacies 51,159 35,000 86,159 Other trading aGtivities Iiivesrmeiit income Oihei. inconie 9,427 581 16,550 9,427 1,27AI 16,550 693 Total 77,717 35.693 113,410 EXPENDITURE ON Raisiijg funds 3,295 3.295 Other 83,599 4,410 88.00() Page 10 coDtiniied...
BRF,DON PAROCHIAL CHURCH COUNCIL Nole5 to the Finaiicial Statement5- continued I.-OR THL YEAR ENDED 31 DECEMBER 2024 COMPARATIVES foR TFIE STATEMENT OF FINANCIAL ACTIVITIES-coiitin¥ied Unrestricted R¢slri¢¢ed funds funds fund5 Total 86,894 4,410 91 J04 Net gains on iiivesiments 6,845 781 7,626 NET INCOMEIIEXPENDII'URF.) 12,332) 32,064 29,732 RECONCILIATION OF FUNDS Total funds brought forward 77,199 69.932 147,131 TOTAL fuNDS CARRIED FORW ARD 74,867 101,996 176,863 I'ANGLBLE FIXED ASSETS Plant ai)d Inachinery COST Additions 2,849 NET BOOK VALUE At 31 Deceinber 2024 2,849 At 31 DecembEr 2023 FIXEDASSETINVESTMENTS Listed invEstsiients MARKET VALUE At l Janiiary 2024 Revaluations ReGlassificatioiVtransfer 69,819 4,308 2.419 At 31 Decemkr 2024 76,546 NET BOOK VALUE At 31 De¢embei' 2024 76,546 At 31 December 2023 69,819 There were no investment 8ssets oiiiside the UK. Pagcll coiitinued.-.
BREDON PAROCI.IIAL CHURCH COUNCIL Notes to the Fiiian¢ial Statements coiitTnued FOR THE YF.AR EhDED 31 DECEMBFR 2024 FIXED ASSET INVES'I'MENTS - coniinued C05t oi. valuation at 31 December 2024 is reprc5eiited by.. Listed invesljnents Valuatioii in 2022 Valiiaiion in 2023 Valuatioii in 2024 Cost 8,193 7,626 4,308 56,419 76,546 If the inveslTh¢nts hfid not been revalued they woiild have been included at Ihe followiiig historical ¢ost'. 31.12.24 31.12.23 Cost 56,419 54,000 Fixed asset investments wcre valucd on an open tnai'kct basis basis on 31 December 2024 by third paty valuatioii.. DEBTORS: AMOUN1'S FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Otlier debtors 7.293 6,135 CREDJTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 -11.12.23 TJ?de crediioi's Othei. crediloi I J08 1,308 2.618 1,308 Page 12
BRLDONPAROCHIAL CHURCH COUNCIL Notes to tlie Financial StatBnieiits- coiitiniied FOR TI.IE YEAR ENDED 31 DECEMBER 2024 io. MOVEMENT IN FUNDS Net moveInent in ndS At 31.12.24 At 1.1.24 Uiiresti'icted fiinds St Giles ChurGh, Bredon Bredon'5 Norton ChurGII 41,600 33,267 111.8271 2,720 29,773 35,987 74.867 19,1071 65,760 Restricted furtds Bell Fiin(I OIEan Ftsnd Fabric Flind Bell Fund ToiletFund 759 44,710 919 43,693 11,712 10,272 35,591 {1.017) 9,814 35,QIK) 458 591 101,996 102,187 TOTAL FUNDS 176,863 {8,9161 167,947 Nei I0veMe11( in funds, incliided in (he above ar¢ as follows.. Incoming resources Resout expended Gains an(1 Sosses Movemeiit n funds Uti¥esti'icted fiinds St Giles Chrch, Birdo Bit(loi)'s Nortoij Church 64,093 8,554 178,088) (6.694) 2.168 860 111,827} 2,720 72,647 (84,782) 3,028 (9,1071 Resti'icted fiinds Bell Fund Orgaii Fiind Fabric Fuiid B¢ll Fiind Toilet Futid 212 (52) 160 353 7,851 105 458 591 (7,260) 8.415 (8,3291 105 TOTAL FUNDS 81,062 3,133 (8,9161 Page 13 continiied..
BREDON PAROCPIIAL CHURCH COUNCIL Note5 to tlie FinAnGTal Stat¢Jnents- coiitinued FOR THE YEAR ENDED 31 DF.CEMBF.R 2024 10. MOVEMENI" IN FUNDS- contllllied Con)parativcs for moveixeni in funds Net Imovement in funds At 31.12.23 At 1.1.23 Unrcsti'icted fLillds St Giles Chur¢l), Bi'edon Brcdon's Norton Chur¢li 53,252 23.947 18,024) 5,692 45,228 29,639 77.199 (2,332) 74.867 Resti'icted funds 807 45,942 14,543 8,340 1481 759 44,711 11,712 9,814 35,000 Organ Fund Fabric Fiind Bell Fiind Toilet Fund 1.474 35,1> 69,932 32,064 101,996 TofAL I.-UNDS 29,732 176,863 Comparative iict niOlent in funds. incliided in the above are as follows.. Incoilling resourecs Regources expended Gains aiid 1055es Movement in funds St Giles Chiirch. Bredon Bi.don's Norton Church 67,396 10,321 180,100) (6,794} 4,680 2.165 18,0241 5,692 77,717 186.8941 6,845 Restricted funds Bell Fund Organ Fuiid Fabric Fund Bell fuiid Toilet Fund 12.3321 {481 (1.2311 {3,131} 148} 693 J5,000 781 1,474 35,000 35,693 14,410) 781 32,064 TOTAL FUNDS 113.410 191,3041 7.626 29,732 Page 14 coiitiiiued,..
BREtJON PAROCHIAL CHURCH COUNCIL Notes to the Finan¢ial Statements continijed FOR THE YLAR ENDED 31 DECEMBER 2024 io. MOVEMENT IN FUNDS-¢Dntinued A ¢UiTent year 12 iiionths and prior year 12 months combined ptssition is as Follows.. Net niovemeiit i# fuiids Al 31.12,24 At 1.1.23 Unrestricted funds St Giles Cliiirch, Bredon Bredon's Norton chUh 53,252 23.947 (19,851) 8.412 33,401 32.359 77,199 111,439) 65,760 Restricted funds Rell Fund Organ Fund Fabric Fiind Bell Fund Toilei Fund 807 45,942 14,843 8,340 919 43.694 12.248) 13,132) 1,932 35,591 10,272 35,591 69.932 32,255 102,187 TOTAL FUNDS 20,816 167,947. A curirtkt year 12 months and prior year 12 monrhs coillbined net movement in fund5. included in the above are as fDIIows'. IneominE Te50urces ResouiLeS expended Gain5 and losses Movemtnt in funds Unre51ricted fvttds Si Giles Church, Bredon Bredon'sNorton Lhurch 131,489 18.875 {158,1881 113,4881 6,848 3,025 {19,851) 8,412 150.364 1171,6761 9,873 111,439) Restricted funds Bell Fuiid Organ Fuiid Fabric Fund Bell Fund 'Ioilet Fiind 212 11001 {2.2481 {3,1311 112 (2,2481 13.1321 1,932 35,591 1,046 42,851 886 17.260) 44,108 (12,7J9) 886 32,255 TOTAL FUNDS 194,472 1184.415) 10.759 20.816 Page 15 contEniied...
BREDON PAROCHIAL CHURCH COUNCIL No¢¢s to th¢ Financial Stateinents- ¢onlsiiiied FOR TI.IE YEAR F.NDED 31 DFCEMBER 2024 RLLATLD PARTY DISCI.OSURES There weir no lated party tMn5actions foi. the year ended 31 Fjeeembcr 2024. Page 16
BREDON PAROCHIAL CHURC14 COUNCIL Dctail¢d Statement of FiiiaiiGial Adivities FOR 1'I4E YEAR EhT)ED31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMFNTS DonatTon5 and legacies Donutions Gift aid 35,807 29,991 77,846 8,313 65,798 86,159 Othe¥ ti'adig a¢tivilies FEJnth*isirtg events PCC fees 1,950 571 9,427 2,521 9,427 Investment Tncotne Rent5 Irceiv¢d Deposit account intere51 390 946 390 884 1,336 1,274 oiliei. incomc Magazine iTi¢oine Cliuirh room hire 6,636 4,771 8,731 7,819 11,407 16,550 Total incomtttg resoui'e 81,062 113,410 EXPENDITURE Raising donatioiis and legacies rundraising costs IiiieiESt payable 21 53 3,295 74 3.295 Other Parish sljarc Chiirch iunning costs Ministry expen%cs In5urallce Chuirh mairttenaDce Magazine expenses Siindries Upkeep of seivice5 Cliaritable giving Rent Bookkeeping Carried foiward 22,845 1,358 1,863 7.334 17J19 9,097 343 2,320 1.422 300 2,500 66,701 17,495 12,763 994 7,01)6 26,845 8,375 3,133 6.359 2,618 85,678 This page does not fomi parl of tlie staliitory financial statements Page 17
BREtX)N PAROCIIIAI. CHURCFI COUNCIL Detailed Statanent of Finaii¢ial Activities FOR THE YEAR ENDED31 DECEMBER 2024 31.12.24 31.12.23 Other Biyiught R)rward Piufessional fees Lighl & lTr¢at Parish secretary 66,701 85,678 8,976 4,914 91,717 85,678 Support costs Governance ¢osts Auditors, remuneration 1.320 2,331 Total Irsourtes extti)ded 91,304 Net (expendiiiireyincome befoi'e gains and losses 112,049) 22,106 Realised recognised gains and losses Rcalised gaiiislllossesl on fixed asset investments 3,133 7,626 Net {expendittireYincome {8,9161 29,732 This page does not fonii part of the statutory finanrial 51at¢menls PaEe18