Financial Report for Farlington Parlsh 2024 Parlsh Flnance tèam Hannah Emerton Jil Colllngs Jenny and Chrfs Glbbon8 Jaye Warren DI Allen Sarah Wilson Ann Howells Serah SaunderB Alison Sheppard Parish Treasurnr Deputy Treasurer COR As8i8tant Treasurern StA As8i81anl Treasurer COR Hall Manager COR Hall BcM)king Cle StA Hall Manyr and Bookirva Clerk Gift secretary Bookkeeper and Payrdl lThlsp8ndAnt Examlnor Morrls Cmek8r. ChArtar Acctants Summary of the year 2024 has been a quieter yearwlth less need for large expendliur8 on repairs and malntenance. W8 awAit th8 Qulnquennial Insp8cllon report whlch will advise us on what we wlll need to foojs on In the coming year. We have continued to ben8fit from a good incom6 from our hall rentals and i)c¢asional booking8 of Church of the Resurrection. Our parfsh giving remains simllar to last year, but we have also ralsed money for the nomlnated parish eharltl8s as well as our Ralse the Roov68 Fund in antlclpation that some major renovation works are going to be needed on bolh church roves In Ihe next yeaT 01 so. Our main outgoing5 are our parish shaTe whlch accounts for over 50% of our expenditure and our gnergy bills although tho latter h8ve boen signiftc4ntly le88 than antlc4paled wllh the drop in gas and eleclriclty prf¢es ccynpared wlth 2023. We have C£sntinued to promoto the us8 of our online giving stations which are situated 8t both ¢hurches but there hasn't been a notabl8 rise In d¢)natlons coming to the parish vla this route. Cash donalhons ffjntinue to come in regularly. Our nomlnatsd charltles have benefltted from the genoroslty of p8rfshloners at sev•ral 8errfl¢ where the collgixlons have been dlocated to a specific ch8rlty as well 8$ other fundralslng events. In 2024 the followlng amounts have bgen transferred to the88 charit1: Paulsgrove Food B8nk £250. Hop8 Into A¢tlon £971, Compassion £162.60. Regular d911verfe8 of food 8nd household gwdB arè tak8n lo the food bank throughout the year a8 well os extra donatrons that resutt from tha ravèrse advent calendar. The iinyne gener8tgd from fe8s for funerals and weddlngs remains a relatlvely small part of our income but the interest rate8 on our saving8 a¢)Unt contlnue to be higher than previously. Thé halls at both end8 ol the Parish contlnue to generate healthy revenuB and thé work to ytroamling the bcoking and invoicFnu proce¢bureg eontinueg. $0 Ihal hall bookingy follow the sam8 system. We have lost one or two regular hall users from St Andrews following conc8m8 about the stst& of repalr snd ¢leanllne$8 of the faclltti8s. Thlsls belng addressed earty In 2025 wlth red8coratton and replacemenl of the Ilghung. We hope that we may be abl6 to encourage the gp3 back agakn.
W8 o)ntlnue to pay the fvll contrtbutlon of our partsh share. As anticipated. our energy bi118 rnmatn hlgh altlwugh not as much a¥ anllcipaled. The Eco group have been working hard to opllmtze the efflcien¢y of our electrlcal and heating systems and a number of lights been changed to LED bulbs whl¢h redu¢es energy consumption and therefore costs. Thls work will continue Into 2025 vlth the replacement of lighting at bolh halb and st)me of the lights in the churches. We are applying for a grant from Ihe DIoc88en Qutd( Win8 fund to help oftset 80me of the cost. Other area8 of speclfiG 8xpen8e have been to remove a builjup of pigeon dropplngs in tho COR and Inslall netUn9. Further vK>rk was neaded latsr In thè year to Instsll detsrr6nt splkes. The gar(len 8rea bahlnd Ihe COR hall had become very overgrown ancl ftmlowlng several Comp{ts from the nelghbors the dècision was made to Pay 3 controctor to cut evarythlng back 8nd do a ¢P1a of malntenanc8 vlsits in the late autumn, Thiy wlll b6 an ongolng cost into the new year unle85 we muster up a regu18r garden malnt8nance group. The final payments for the extenslv8 work done on the St Androws church roof were mad9 and pipe work repalrs. Some electrical work and an AV system upgrade tts)k place later in the year at COR Ir total Income over the year was £127,64&10 comparéd wllh £134,993.33 in 2023 OUT lolal expenditUT8 was £130,602.43 wnpared wilh £149,383.92 In 2023 We have therèfore andgd 2024 wtth an overall dofidt Income over 8xp8ndltur8 of £2.956.33 Thg lotal funds in all of our acwunts 8t the end of 2024 are £148,950.50 compared wlth £151,906.83 in 2023. We contlnug lo have very few deslgnaled and no restricted funds 80 we nue to hav8 fbXi1jlty In how we can spènd our money Detslls of Indlvldual a¢Gounts nora G•n•ral Fund(unrUtrlCt) Tho P?rish g6TreY81 fund hud a net defxease kn ¢ash funds of £8574.57 eompar*l lo decrease of £17,464.52 in 2023. The average monthly runnlng ¢osts were £9,167 ojmpared to £9120 In 2023. The clo8lng balanco In thls fvnd was £127,459.53 compared to £131,014 In 2023. G•n•ral fund (R•8Irf•d1 This furKI has now b88n c1088d as the reshjual money was spont Fn 2023 Thls restrlcted fund was set up In 2018 on recelpt of a grant of £10,000 from the NatFonal Herllage Lottery Fund. The m8iorlty of the money wag spent on the project with a balancè at the end of 2023 of £440.22 No further mney has b8en added to or sp8nt from thls account In 2024. The webslt6 h89 now been Ilnked wlth our parlsh webslte and Is a¢c6s5ible th9h
aoGLulld Gan•ral Fund (Do•lgnatsd) Ther8 has been no movement In or out of th& soci81 fund and the balance remalns at £507.14. révts H 11 Acco Hall actlvty has ntift6d to add slgnlffirantly to our ov8rall Incom8. Hlr6 r8t88 have 8galn been Increased parucularly to ty and cover the cost of Increa51ng fuel bllls. The CofR hall boller has been installed and was paid for out of hall funds. £2500 was transfeTrd from the Sl A Hall accounl Into Ihe general fund at the begSnnlng of the y98r. Money wasn't transferred from th8 COR hall account thls y8aT due to the need to pay for the new boller and ants.rjpa0n of work belng done on tha Ilghting. Closlng bal8nc8s.' £14253.70 for COR Hall acwunt £11,040.16 for Sl AndM¥'s Hall account We continue to U$8 the CBF deposlt account for our reserves, We have been dr8wlng on this M6Y when we need funds for projects or to maintsin day to day running costs. We have tran8ferred £10,000 pounds this year io the parfsh a¢Unt to 8nsur8 adequate fund8 were avallable to cover our outgolngs. As kn prevEous years. the figures in this account are Induded in the general fund totals. The c11ng balance for 2024 In the CBF acwunt W88 £113,639.69 compared wilh £119.087.55 In 2023 Rca an Fell hi The COR Care and Fellowshlp Group balan at the erKI of 2024 was £873.71 made up of a bank b8lan¢* of £644.33 arKI a ca8h balarth of £229.38 The Frlonds ol SA fvnd balance at the y8ar4nd 2024 was £198.81 mad8 up of a bank balancA 01 £187.60 arKJ a ca$h b81an¢e of£11.21 Reservo5 Policy The flnance ¢ommittoe 8g•in ha$ reGommended to the PCC that th8y contlnuo to invest reserv8 funds In the CBF Church of England Deposit Fund 1n whith Ihey sh¢Juld ffjtaln suffidenl fund8 to CfjV8r 6 months of unr8strlct8d runnlng costs. Thls would £65.301.15 otal runnlng costs for 2024 w8re £130,602.43 dlvlded by 2z £65.301.15
Flnal Nots 2024 has been a more 8tab18 and le88 Gostly year than antl(apated due to the réduced energy costs and18s8 need for big malntenance and repalr projects. Thore remalns nandal need to find aRematlve and cheapgr ways to heat our Church bulldlngs over the coming year. particularly COR, 8$ w8118s the antlcipatton of expenditure lollowlng the qulnquennlal revlèw and a batter understandlng of the work that naads to b8 done on the roots of both churches. In 2025 we wlll cOnn8 to promot6 our s18W8rdshlp message both in terms of raising mor8 funds bLrt also using the Skills of parishioners to ¢ontrtbute to the WO that n8eds to be don8. Wè are, agaln, submittlng our accounts to Hfflls Crr lor an Independent examlnalon. Produced by Hannah Emerlon and Allson Sheppard On behaK of the Finance team
IMDEPENDENT EXAMINER'S REPORT TOTHE TRU8TEE8 OF FARUNOTON PGC Irrfl•p•nd•nt •x•mln•V• rgport to th• tru¥¢•M of Farflngton PGC I r9POrt lo charity twstees on my ex8mknadon ol Iho accounts ol Fartkng¢on PGC (the Ch8rltyl for Ihe pwkthy 8r 31 Dac¥mr2024. R•n11t¢S and bn•lsof r¢port tho tharlty tiust••s of Iho Charfty you rospon81bb k¢ prwrth of th• accounts In a)>ydwe• vAlh th• r•wlr8mwrts ofth? Ch8rfll88 Act 2011 rthe Acri. I rwt in re8icI of my ex8mlnaYw of the Charws accrwnts Sectth 145 of Iho Aci and In ¢8rryJng t my gxam1ft8u¢ I ha¥e Idlowad 8114pfvblo DtreGUoni glwi by the Ctterlty Comml8tskn under S•n 145(SXbl oftha PA. Ind•p•nd•nt •x•mln•f• •tat•mgnl I hav& CLvnpSgte¢J my examln8Uon. I Ihai no mthrfal matt•r8 ha com• lo my attenutsn In th• •xam(nadon gMrvJ me e4u8e to bewe that kn any material A8p•cL acLwntlng rec(ffds wera not kgpt Tesp6ct of ts Ch8rtty 08 r8qulrnd by S•dh)n 130 oftho Act tx the accounts do rt a¢trJrd tlSe recor(Is,' or th8 accolS do not (x¥npty th the appllcablg raoulrern•nts ccKernSng the form and ccrfenl ol 8ecounl$ set Qui lrn the Cwlles (Account8 8nd Rep)rtsl Rogu[alitt 2008 other thèn any reqrement th8t the a(xounls qfve Irt And fak vbw whith i8 riot a mthr con$idored part clan ir¥JeF4th1 wmlnatlon. I havo no a> hav¥ corna 8¢r0 no olhgr malt8r8ln conlI0n wlh Iho examinatloTr to 1¢h altkn 8h¢KJ t thawn In Ihl8 rart in ord•r to onablo a pruper under8kndlr•J of Ihe 8ccount8 io be roached. P J UndeTh¥oDd, FCCA m13 Crockor Chartfjred Actarts SI0(%¥ Hou8• Ncth Slrn•t Havant Harnp6htre P09 lQU
CIIARITY COMMISSION FOR ENGiANO AIID WAiE5 Recftlpts and paym•nts account8 Forth•p•thd CC16a 31JJth24 T+)tl lund• fotsl Al Il•E•l 1.717 X+254 139 ijo, IW44 SVg4 N•t OlY•¢•1p(PWTrlsJ Iijoz) 1.2 Al ¢ash IwJd• th#tr •nd 117.14& 100,1)) fvMI¥ 2024 T4tsifvnth 202J Bl C•th knd• No2 •rè&F 50f SIArrfJ 112 11 rotsie•$h fund# 1WJ,IJ3 82 IE¥wthr¥'l• ToWll•blllt•¥ naltsre Namo D819 0¥81
Fa¥lliigton Pfytsh Parwhlal Churth Coundl Noi•• To Th• A114mat•d Flnan¢lal Stat•m•nl• y••rElld 31 Op¢•thr202J 1. AGcounllng Poll¢1 The flnanrjal 8¢atemen18 have beon prepared uslng the receipts & p#wnents b3818 In #r6ord8n¢o wth tho Ch•rits'os Act 2011. the Church R8gul811on# 20C6 8ftd Iho FRS SORP. l Fund•. AJI fiJAds ILqted at Secuon Bl. qxcèplfofthé Churchyard Fund vthlth i• held in CaF Dwt account. aro not to any ro8trlGihJn8 rn98rdlng tslr afKI 8r• aV•N•fOrtrgaI WPOBeB ofiho PaKKlJl Ct#JT¢h IPCC A•M• R•tsin•O For Th• Ghur¢h'• l)wn u#e. ano b8nefica(I prop4ny Is exdiiaed Inxn the 8ccÉyJnts by 8ecOon 1(X21 of the Cherlueg Acl 2011. Thls hKludo8 both thurth hojb. No v8lu8 1• pkGod + move8b churd) lumlthlrws held by Ihe churchwaYthnB sp8dal trust ts Jh• PCC and requkn 8 t4tyJlty slnco th• PCC consklorn thK8 b) h knthnabl• pnwrty. Jrov¥J bythe ParrKlal Church Councll c *ned on Its bel1 by PCC ChaImn
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onIn1 fund balane4 u •t 01.01.2024 Dgpxll Inler88t for 2023 & Bld 24th 2023 TronBf•i Irom gBn¢MI fvnd Adluslmeni Clwlng fund b•LqnM •• at 31.112024 1SJ&151 9.18 (3,288.001 55&15 (556.15) Op•nltt¥ luTrd •t 01.012024 Totst PAYTh15 fflado for Herilap Prolart Total wyments made lor Htage Proio1 Clothg fund bal•nE• a¥ at .12024 44022 44th2Z VrJw13ry Inrmv. Futs Iniem81 for 2023 aknt•d to Fund rJD Ong off rwwreomsng grBnl Churth ActNitl85 Costs.. FUTh 0.00 Furtd Trnn61or lo gern1 lund fw pa>m8nts inLVf• o. Fund fwnlnq balanc• u •t 01.01.2024 To141¢kn81 luno rB15ed Pwiont ofwnual pw amount Fuhd ¢lMlng b•kn¢• •• •t 31.112024 Fund op•ftlag ts•l•nc• • •tQlA12024 507.14 Ing blan¢• •• 31.122Q24 507.14 B07.14 Pund openlng balAIIC• al 01.012021 cht Stone Works 27th Seo 21 Fund ¢lo•ln4 •¢ 31.121DZO Fund rlg•lng bglnc• •• at 31.12.2022 Bkn rw¥knd forw&Td lo 31.12.2022 1.1)0ts.00 11.(NJO.0g1
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Bank bal8nc8 as 8101.01.2024 tty cash a$ al 01.01.2024 Fund b•lun¢o • •101.01.2024 Irthm• Tr8nsfw to parfsh 98noral Exp888 Ipiyment•.yr•c8lpts Fund bllaneo u al 31.112024 872.71 322.80 1.195.51 389.00 622.71 315.30 938.01 376. 410.80 118.50 257.5 1.195.51 873.71 Fun(Is hgkl in Parlsh currerbt arLwnt as at 31.12.2024 Ca3h In hand as a131.12.2024 Cosh iransier io PCG bank 644.33 229.38 872.71 322.80 250.00 Fund bal•n¢• •• 1101.012024 Receipts 2024 P8yTn8nt8 2024 Not r•olpt_l(p•ym•nt•}.. . Fund balanc• all at 31.12.2024 Made up OP c48h on hand Bank balgn¢& 89 at 31.12.2024 45.60 140.90 116.90 148.90 220.20 -.ff1.30J. 45.60 34.30 11.30 117A1 11.21 152.20 Bank balgnG9 as at 01.01.2024 Cash In hand al 01.01.2024 Fund bJlanc• •• at 01.01.2024 sal Incom& dun2023 Bank account inlerest Total r•¢dpt• Purchases In 2023 Dmathy/ Exchan0 m*J¢ In 2023 Totsl paym•nt# Net¥ecpfftl . •ntsL. Fund balonm at 31.112023 Made upo Bank bobft¢8 In Parish a¢wnl a128.072023 Cesh In hand è126.07.2023 Tr8n8fvrto Ggnèral fund 27.07.2023 TrnklN8ft oceount ond lurid 31.12.2023 291.85 17.25 309.10 $0.90 $0.90