2024-12-31-accounts

Trustees’ Report and Financial Statements for the year ended 31[st] December 2024: The Parochial Church Council of the Ecclesiastical Parish of St. Mary's, Overton, Diocese of Winchester

Reference and administrative information

Registered Office: The Rectory 54 Lordsfield Gardens Overton Basingstoke RG25 3EW

Incumbent: The Revd. James Russell (Chairman)

Banks:

CAF Bank Winchester Diocesan Board of Finance 25 Kings Hill Avenue, Kings Hill Old Alresford Place West Malling Alresford ME19 4JQ SO24 9DH CCLA Investment Management Ltd One Angel Lane London EC4R 3AB

Independent Examiner: Mr Richard Iain Anderson Knapman FCIB 30 Lordsfield Gardens Overton Basingstoke RG25 3EW

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Trustees’ Report for the year ended 31[st] December 2024

PCC members who have served from 1st January 2024 until the date this report was approved are:

			Date elected:	Term of office ends:	Notes:
Incumbent:		The Revd James Russell			Appointed on 1 July 2019
Licensed Lay Ministers (LLM):		Peter Silverwood Michael Francis (December 2020)	Ex Officio Ex Officio
Churchwardens:		Mike Smith Stuart Williams	2021 2021	2024 2024
Deanery Synod Representatives:		Helen Francis	2021	2027
Elected members:		Christopher Cates	2020	2026
		Dee Spencer	2023	2026
		Ian Boreham	2019	2025
		Ann Barker	2024	2027
		Alison Peters	2024	2027
		Andrew Barton	2019	2024	Stood down in April 2024
		Peter Sweet	2018	2024	Stood down in April 2024
		Maddie Whitlam	2021	2024	Stood down in April 2024
		Gillie Delbridge	2018	2024	Stood down in April 2024
Co-opted members	:
		Ruth Williams	Co-opted May 2023

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. Following changes introduced by the Charities Act 2006, it applied for registration as a Charity to the Charity Commission, which was subsequently approved on 10[th] June 2009, charity registration number 1130067.

The function and purpose of the PCC is outlined in the Parochial Church Councils (Powers) Measure 1956. The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

St. Mary’s Church, Overton (St. Mary’s) is part of the Deanery of Whitchurch and Diocese of Winchester and is a member organisation of Churches Together in Overton. It works closely with these bodies on matters of common interest. The PCC considers its Board of Trustees to be its Key Management Personnel. Three of these members have received remuneration as trustees (for Church Administration and being Verger at Weddings and Funerals).

Objectives and Activities of the charity

The incumbent and the PCC are responsible in the ecclesiastical parish for promoting the whole mission of the Church – spiritual, pastoral, evangelistic and ecumenical. They also have maintenance responsibilities for the church premises (including the Church Rooms) whether to generate income or to support St. Mary’s aims in other ways. Some examples of the ways these responsibilities are carried out are: ensuring that regular public worship is open to all; providing sacred space for personal prayer and contemplation; pastoral work, including visiting the sick and the bereaved; teaching of Christianity through sermons, courses and small groups; leading collective worship in schools; promoting the whole mission of the Church through the provision of activities for senior citizens, parents and toddlers, and other groups; supporting groups with specific needs, both within the parish and more widely; supporting other charities in the UK and overseas. The main activities of St. Mary’s

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are provision of church services (including baptisms, weddings, and funerals), family and children’s work, and teaching adults through such activities as regular home groups.

A proportion of St. Mary’s income is given to a small number of nominated charities agreed by the PCC, with input from members of the congregation. From time-to-time one-off donations are made (often from the proceeds of special events).

Electoral Roll

The Revised Electoral Roll for St Mary’s Church, Overton, contains 138 names, 1 more than in 2023. There are 6 additional names, 2 have left the parish and 3 have died. There are 6 on the Roll who live outside the Parish.

Church Attendance

Attendance on an average Sunday was around 76, including children. Christmas 2024 saw around 500 across the two Christingle services; there were 51 people at the Midnight Communion service and 92 on Christmas Day. Easter 2024 saw 70 people at the family service on Good Friday and 28 people at the final hour service with 118 on Easter Day HC.

Volunteers

In carrying out its activities the PCC is grateful for the work of unpaid volunteers from the congregation. Such support includes accredited lay ministers and other specialist roles which range from working with children and providing pastoral and prayer support for church members to bell-ringing, flower arranging, and singing and music during worship. Beyond this a wide range of individuals give their time and skills without financial gain to further the work of the charity, partly through committees and organisations under the auspices of the PCC and via day-to-day support on an ad hoc basis. Existing and new members are encouraged to provide support for such activities.

As ever, the PCC is grateful for the help provided by so many members of the congregation, who serve on teams, participate in a wide range of organisations, give financial support, and attend services and events.

Safeguarding and privacy

Safeguarding and safe recruitment of both staff and volunteers are paramount in St. Mary’s approach to carrying out its mission. The PCC is fully committed to ensuring that our church and related premises are safe places for all who use them, including children and vulnerable adults, work which is being facilitated by our newly appointed Safeguarding Officer. Each year PCC members affirm their commitment to the House of Bishops’ safeguarding policies and good practice guidance.

Safeguarding now appears as a regular item on PCC agendas. In line with Diocesan policy all PCC members are undertaking safeguarding training to the appropriate level, and DBS checks are carried out in line with regulations for all PCC members. The charity is thus compliant with Diocesan safeguarding requirements.

A Health and Safety Officer provides advice to the PCC to ensure that compliance is maintained, with new issues being identified and addressed as they arise.

PCC

The full PCC met six times during the year, in January, March, May, July, September & November. The average level of attendance was 79%. Finance reports were presented at each meeting, keeping the PCC up to date on income and expenditure. The budgets for 2024 and 2025 were approved.

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Rector’s Report

It seems amazing to be reporting on another year that’s gone by. Again, there has been much to celebrate in 2024. Our numbers have continued to increase as we have welcomed new faces into our Church family and our regular services continue to be uplifting and encouraging. There always seems to be a real sense of energy and purpose at St. Mary’s and I thank God for it. Home Groups continue to be a place of support, strength, comfort and joy for many and it has been so encouraging to hear how well both our Lent and Advent courses were received by those attending. We picked up the same themes in our morning services which added to our sense of unity as we journeyed together through these times. Another particular highlight this year, as we gathered together on Sunday mornings, was looking at the life of Elijah. It’s always good to spend some time in the Old Testament and so encouraging too, to see that God’s great heroes of yesteryear were sill as fallible and human as ourselves! Breakfast Church continues to be a highlight for many and seems to appeal to all ages highlighting a real sense of family as we gather.

It was fantastic to be able to be involved in the first Village ‘Sheep Fair’ since 2016. Covid stopped it happening in 2020 but nothing stood in its way for 2024. We were blessed with great weather and it was a fantastic event. Our joint Overton Churches Together service was a real highlight and blessing to many. Seeing as the Sheep Fair theme was the ‘Roaring 20’s’, Eric Liddell and the 1924 Olympics made for a particularly relevant and helpful focus. Another great highlight of 2024 was our celebration service and party to give thanks to God for Ken Bell and his 50 years as a Priest. It was wonderful, too, to be able to go as a group to Lee Abbey in Devon and enjoy a very special weekend of rest, refreshment and spiritual input. We all loved it and are keen to go again. Christmas this year was particularly memorable, too, with huge attendances at both our Christingle Services and, indeed, large congregations at all our services over the whole Advent/Christmas period.

A particular focus for us this year has been the Growing Rural Parishes Project. As we are now the ‘Overton Benefice’ made up of 6 churches we need to give particular attention and thought as to what that looks like in practical and relevant ways across our whole patch. A small group of us, representing all the churches, have been involved in Learning Days led by the Diocese at Old Alresford Place. These are designed to help build our unity and focus our thinking and vision. They have been well received by all those attending. We have also been given significant funding by the Church Commissioners to help consolidate our vision and identity. A significant part of this will go towards the launching of a new website and the design of our new branding assets.

Inevitably through the year we feel the sadness of losing key members of the church family, but we also rejoice in new life and baptisms and the joy of seeing couples getting married and beginning a new phase of their lives.

When I read the report booklet that Ruth always puts together I continue to be so encouraged at seeing all the different activities and ministries that go on in our church building and within the wider community. I can only reiterate how grateful I am to everyone who voluntarily gives of themselves so wholeheartedly and in so many different ways to hold out the good news of Jesus in this place. Annabel and I love being with you and serving Christ together in this beautiful part of Hampshire. Can I express my thanks too to our excellent Church Wardens, Treasurer, Parish Safeguarding Officer, PCC Secretary and the other office bearers in our church – not least of course to Ruth who does a superb job as our Church/Benefice Administrator. It is both our privilege and responsibility to be followers of Jesus and those who make him known to others. That is why we pray that God would continue to bless us as we move through 2025 and that our focus on Eco Church and other things will be a cause of real blessing to ourselves, our neighbours, our village and community as we serve God in this place.

James Russell

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Trustees’ Report for the year ended 31‘' December 2024 (continued)

Financial Management Policies

The PCC's finances are dealt with through a CAF bank account covering the running of the Church and Church Rooms. In addition, funds are held with the CBF Church of England Deposit Fund for savings, legacies, and repair reserves for the Church and Church Rooms.

Accounts

The Accounts for 2024 are presented from page 8 onwards in accordance with the Church Accounting Regulations 2006. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014

During 2024, the total incoming resources of £161,777 showed an increase of £12,864 as compared with £148,913 in 2023. The main drivers for the increase were the £1 1,599 increase in regular congregational giving by standing order and the £2,093 increase in interest from the CBF deposit account holding the Mary Taylor Legacy. The total expenditure in 2024 of £148,409 shows an increase of £3,381 as compared with £145,028 in 2023.

This increase was largely due to higher repairs and maintenance costs. Before unrealised investment gains a surplus of £13,368 was made in 2024, compared to £3,885 in 2023. Unrealised investment gains amounted to £923, compared to an unrealised gain of £3,468 in 2023 and so the net surplus recorded in 2024 amounts to £14,291 compared to £7,353 in 2023.

Public Benefit

From the review of the activities, the trustees feel that they have demonstrated how they have complied with their duties as set out in $4 of the Charities Act 2006, to have regard to guidance published by the Charity Commission on the operation of the charity for public benefit.

Reserves Policy

The PCC aims to maintain a balance on accessible and uncommitted reserve funds, which equates to at least three months expenditure (£35,000) to cover emergency situations that may arise from time to time. It is the aim of the PCC to improve the finances through growth in membership and encouraging faithful stewardship of members, supplemented by fundraising and good stewardship of outgoings, to keep the reserves above the desired level. The balance of £304,879 held in unrestricted funds at the year-end exceeded this target. Cash balances at the end of 2023 amounted to £319,840 compared to £305,898 in 2023 (an increase of £13,942).

The total reserves held at year end amounted to £335,727. Restricted funds amounted to £30,847. There are no designated reserves.

Approved by the PCC in March 2025 and signed on their behalf by James Russell (Chairman)

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4 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

I report to the trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of St. Mary's, Overton, Diocese of Winchester (‘the charity’) for the year ended 31 December 2024, which are set out on pages 7 to 15.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view" which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: U ple ofror Name: Mr Richard Iain Anderson Knapman FCIB

The Finance, Credit & International Business Association

30 Lordsfield Gardens Overton Basingstoke RG25 3EW Date: Nh Mevhn fe 202he ¢ai

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account)

For the year ended 31 December 2024

Note Income from: Donations and legacies 2 Charitable activities 2 Investments 2 Other church activities 2 Other income 2 Total Expenditure on: Charitable activities 3 Total Net gains/(losses) on investments 6 Net income/(expenditure) Transfers between funds 9,10 Net movement in funds Reconciliation of funds: Total funds brought forward at 1 January Total funds carried forward at 31 December		General Funds £ 109,938 18,504 15,053 15,052 0 158,547	General Funds £ 109,938 18,504 15,053 15,052 0 158,547	Restricted TOTAL TOTAL Funds 2024 2023 £ £ £ 1,614 111,552 99,904 - 18,504 18,940 1,616 16,669 14,499 - 15,052 15,549 0 0 20 3,230 161,777 148,913	Restricted TOTAL TOTAL Funds 2024 2023 £ £ £ 1,614 111,552 99,904 - 18,504 18,940 1,616 16,669 14,499 - 15,052 15,549 0 0 20 3,230 161,777 148,913
			146,849		1,560 148,409 145,028
			146,849		1,560 148,409 145,028
			689		234 923 3,468
			12,388 (192)		1,904 14,291 7,353 192 - -
			12,195 292,684		2,096 14,291 7,353 28,751 321,435 314,082
			304,879		30,847 335,727 321,435

These unaudited financial statements have been subject to independent examination. See page 6.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2024

----- Start of picture text -----
2024 2024 2023 2023
Note £ £ E £
FIXED ASSETS
Investments 6 41,251 40,328
41,251 40,328
CURRENT ASSETS
Debtors 7 3,573 2,089
Cash at bank and in hand 5 319,840 305,898
323,414 307,987
LIABILITIES: AMOUNTS FALLING
DUE WITHIN 1 YEAR
Creditors and accruals 8 28,938 26,880
NET CURRENT ASSETS 294,476 281,108
NET ASSETS 335,727 321,435
FUNDS
Unrestricted 9 304,879 292,684
Restricted 10 30,847 28,751
335,727 321,435
----- End of picture text -----

The Financial Statements set out on pages 7-15 were approved and authorised for issue by the Parochial Church Council in March 2024 and signed on its behalf by:

----- Start of picture text -----
Rev James Russell
PCC hai
Chair - a QUMA
PS
7/3/25
----- End of picture text -----

These unaudited financial statements have been subject to independent examination. See report on page 6. 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2024

1 ACCOUNTING POLICIES

PCC information

The PCC is an unincorporated registered charity in the United Kingdom. The nature of the PCC's operations and principal activities are detailed within the Trustees' Report.

Basis of accounting

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The PCC constitutes a public benefit entity as defined by FRS 102.

Going concern

The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the PCC to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the accounts and have concluded that the PCC has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about its ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Restricted funds are to be used for specified purposes as laid down by the donor and include alms. Expenditure which meets these criteria is also allocated to the fund. Transfers are made from general reserves to restricted funds to cover any overspendings at the year end.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations and Legacies

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due and any conditions associated with receipt have been fulfilled. Funds raised at events are accounted for gross in the hands of the organisers. Sales of books and magazines are accounted for gross.

Grant income

Grants receivable are credited to income for the period for which they are given. Grants received in respect of future periods are treated as deferred income at the balance sheet date.

Other ordinary income

Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

These unaudited financial statements have been subject to independent examination. See report on page 6.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2024

1 ACCOUNTING POLICIES (continued)

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes costs undertaken to further the purposes of the charity.

Activities directly relating to the work of the church

The diocesan quota (parish share) is accounted for when payable.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Fixed asset investments

Investments are valued at market value at 31 December.

These unaudited financial statements have been subject to independent examination. See report on page 6. 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2024

2 INCOMING RESOURCES Donations and legacies Planned giving:- Collections at all services Grants Sundry donations Charitable activities Church/Rooms Lettings Church Magazine (TEST) Advertisments Fund Raising - General Investments Interest received - bank Interest received - CBF Dividends - CBF Other church activities Fees Church Magazine (TEST) sales Other income Sundry income TOTAL INCOME AND ENDOWMENTS Under covenant & gift aid Income tax recoverable Other planned giving	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2024 2023 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 78,860 - 854 - - 79,714 67,904 18,404 - 185 - 125 18,715 18,295 7,534 - - - - 7,534 8,165 4,270 - - - - 4,270 3,625 - - - - - - - 870 - - - 450 1,320 1,915 Restricted
	109,938 - 1,039 - 575 111,552 99,904
	8,766 - - - - 8,766 9,368 9,088 - - - - 9,088 9,461 650 - - - - 650 111
	18,504 - - - - 18,504 18,940
	47 - - - - 47 58 14,170 372 1 - - 14,543 12,394 836 1,153 - 90 - 2,079 2,047
	15,053 1,525 1 90 - 16,669 14,499
	10,259 - - - - 10,259 10,597 4,794 - - - - 4,794 4,952
	15,052 - - - - 15,052 15,549
	- - - - - - 20
	158,547 1,525 1,040 90 575 161,777 148,913

Of the £148,913 income received in the year to 31 December 2023, £2,961 was attributable to restricted funds and £145,952 to unrestricted funds. This represented an increase of £12,595 in general unrestricted income between 2023 and 2024.

The 2024 Gift Aid claim for the general fund was £18,404 (£18,039 for general fund in 2023). Income from the Church Rooms was £8,766 (£9,368 in 2023, including £1,136 owed from 2021/2). Test magazine income from advertisements fell again slightly by £373 from 2023. Interest/dividend income rose by £2,438 in 2024, mostly due to high interest rates on the Mary Taylor deposit account (General funds £15,053 v. £12,597 in 2023). Fees for weddings and funerals were stable at £10,259 in 2024 (£10,597 in 2023).

These unaudited financial statements have been subject to independent examination. See report on page 6. 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2024

3 EXPENDITURE ON CHARITABLE ACTIVITIES AND SUPPORT COSTS

Away Giving Church overseas - missionary Home missions & church societies Ministry of the church Ministry: Diocesan Parish Share Ministry: Other Ministry Costs Church/Rooms: Cleaning and Consumables Church/Roooms: Repairs and Maintenance Church/Rooms: Gas/Electric/Water Church/Rooms: Insurance Church/Rooms: Equipment Building Projects Church: Upkeep of Services Church Magazine (TEST) costs Youth Groups and Outreach Bank Charges Home Group/Discipleship Sundry Expenses Fundraising costs Other Fundraising Support costs Self-employed staff pay TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2024 2023 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 6,090 - - - - 6,090 6,950 6,110 - - - - 6,110 4,150 Restricted
	12,200 - - - - 12,200 11,100
	67,985 - - - - 67,985 69,642 3,191 - - - - 3,191 2,745 1,296 - - - - 1,296 1,267 7,198 - - - - 7,198 3,755 7,429 - - - - 7,429 8,819 5,072 - - - - 5,072 4,813 301 - - - - 301 5,476 1,200 - - - - 1,200 1,865 5,549 - - - - 5,549 4,533 10,158 - - - - 10,158 10,085 1,730 - - - - 1,730 318 133 - - - - 133 60 526 - - - - 526 119 336 - - - 1,560 1,896 243
	112,105 - - - 1,560 113,665 113,739
	- - - - - - -
	22,544 - - - - 22,544 20,188
	146,849 - - - 1,560 148,409 145,028

Of the £145,028 expenditure on charitable activities in the year to 31 December 2023, £1,747 was attributable to restricted funds and £142,380 to unrestricted funds. This represented a small increase of £3,569 in general unrestricted expenditure between 2023 and 2024.

Utility costs fell from £8,819 in 2023 to £7,429 in 2024. A new fire door was ordered for the link to the church rooms in 2024, to be installed in 2025 (£3,816). The local support fund provided £1,560 in grants in 2024 (with an income of £575 for the year).

Charitable giving is determined by the PCC as 10% of 'Voluntary income plus Investment income'. Additionally, £2,619in specific donations were paid out to the selected charities. Specific donations are not included in church income/expenses, but are included in the analysis below.

Mission & Charities UK & Overseas Allocations Andover Foodbank UK A Rocha UK Church Mission Socy/Garry Ion UK Good News for Everyone (formerly called Gideons) UK Interserve UK MAF Overseas Mityana Projects Overseas DEC Appeal (Christingles 2024 for Middle East) Overseas Samara's Aid Appeal Overseas SIM (Serving In Mission) Overseas Compassion UK (Churches Together service) Children's society TOTAL DONATIONS TO CHARITIES

Specific Donations 10% allocation Total Specific Donations 10% allocation Total 2024 2024 2024 2023 2023 2023 £ £ £ £ £ £ 276 290 566 1,333 250 1,583 - 1,830 1,830 - 1,600 1,600 - 1,830 1,830 - 2,000 2,000 - 330 330 - 300 300 - 1,830 1,830 350 1,600 1,950 500 1,830 2,330 246 1,600 1,846 30 600 630 - 550 550 763 - 763 636 - 636 1,050 1,830 2,880 - 1,600 1,600 - 1,830 1,830 - 1,600 1,600 - - - 190 - 190 - - - 125 - 125

2,619 12,200 14,819 2,880 11,100 13,980

These unaudited financial statements have been subject to independent examination. See report on page 6. 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2024

4 STAFF COSTS

During the year, leaving aside the Rector (who is not legally employed by the PCC though their expenses of office are provided by the PCC), the PCC paid a part time Parish Administrator, Pastoral worker, Gardener, Cleaner and Vergers. These individuals are considered to be selfemployed. None received remuneration in excess of £60,000.

Wages and salaries Social security costs Pension costs The number of self-emloyed staff during the year was as follows (including occasional verger duties):	2024 2023 £ £ 22,544 20,188 - - - -
	22,544 20,188
	7 7

As permitted by Section 185 of the Charities Act 2011 and Section 14 of the Church of England (Miscellaneous Provisions) Measure 2018 two individuals hold a position as trustee. This is a minority of our trustees and no trustees receive payment or expenses for carrying out their role as a trustee.

The above figures do not include the value of voluntary assistance given by Church members, without which the PCC's work would be much diminished.

5 CASH AT BANK AND IN HAND

BANK AND IN HAND
Unrestricted General Fabric Church Heritage Churchyard & Cemetry Other Funds Fund Fund Fund Fund £ £ £ £ £ CBF deposit account 21,813 7,601 17 - - Mary Taylor CBF Deposit 267,599 - - - - CAF Bank current account 10,032 2,735 4,110 201 5,732 Restricted	Total Total 2024 2023 £ £ 29,430 27,989 267,599 254,497 22,811 23,411
	319,840 305,898

Late payments of interest on the CBF deposit accounts for the final quarter of 2024 were received on 3rd Jan 2025 but are included in the 2024 balances

6 INVESTMENTS

ENTS
CBF investment shares	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2024 2023 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 30,799 7,122 - 3,330 - 41,251 40,328 Restricted
	30,799 7,122 - 3,330 - 41,251 40,328

The CCLA investment shares attributed to the general fund rose by £689 when revalued at December 2024 prices. There was a total gain on investments of £923 between 2023 and 2024.

These unaudited financial statements have been subject to independent examination. See report on page 6. 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2024

7 DEBTORS FALLING DUE WITHIN ONE YEAR

ORS FALLING DUE WITHIN ONE YEAR
Prepayments Sundry Debtors	2024 2023 £ £ 782 711 2,791 1,378
	3,573 2,089

Prepayments include the remainder of the 2024 payment for the CCLI Music License which runs until the end of September 2025.

Sundry Debtors include income of £2,791 which had not been received by the end of 2024.

8 LIABILITIES FALLING DUE WITHIN ONE YEAR

Sundry Creditors/Accruals Deferred Income Other Current Liabilities	2024 2023 £ £ 20,768 17,836 5,989 6,828 2,181 2,215
	28,938 26,880

Sundry Creditors/Accruals includes allocated payments to Charitable missions of 10% (based on voluntary income) of £12,200 at the year end and other expenses which were incurred in 2024 but not paid out until 2025, as well as historical accruals.

Deferred income includes 2025 Test magazine subscriptions (£99) and adverts (£4,110) which were paid in 2024.

Other Current liabilities include monies held on behalf of Overton Churches Together and the Local support fund.

9 UNRESTRICTED FUNDS

Unrestricted Fund 10 RESTRICTED FUNDS Fabric Fund Church Heritage Fund Churchyard & Cemetry Fund Other Fund	Balance at 1 January 2024 £ £ 292,684 158,547 Incoming resources	£ (146,849) Outgoing resources	£ £ 689 (192) Transfers Movement on investments	Balance at 31 December 2024 £ 304,879
	292,684 158,547	(146,849)	689 (192)	304,879
	Balance at 1 January 2024 £ £ 14,750 1,525 3,087 1,040 3,286 90 7,628 575 Incoming resources	£ - - - (1,560) Outgoing resources	£ £ 159 1,024 - - 75 80 - (912) Movement on investments Transfers	Balance at 31 December 2024 £ 17,458 4,127 3,531 5,732
	28,751.4 3,230	(1,560)	234 192	30,847

£192 was transferred from general funds to restricted funds due to historical misallocation of dividends of £1,104 and mission payments -£912.

These unaudited financial statements have been subject to independent examination. See report on page 6. 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2024

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible assets Current assets Creditors falling due within one year	Unrestriced funds Restricted funds Total funds Total funds 2024 2023 £ £ £ £ 30,799 10,451 41,251 40,328 303,018 20,396 323,414 307,987 (28,938) (28,938) (26,880)
	304,879 30,847 335,727 321,435

12 RELATED PARTY TRANSACTIONS

Apart from those mentioned in note 4, there were no related party transactions to disclose for the current or previous year. There were no outstanding balances at the year end.

These unaudited financial statements have been subject to independent examination. See report on page 6. 15