## **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** **Charity No. 1130076** **Trustees' Report and Unaudited Accounts** **31 December 2024** **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Accounts|8 to 17| |Detailed Statement of Financial Activities|18 to 20| Page 1 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Trustees’ Annual Report** For the Year Ended 31 December 2024 The Parochial Church Council of St Andrew’s Parish Church, Bennett Road, Bournemouth Charity No. 1130076 ## **1. Reference and Administrative Details** Charity Name: The Parochial Church Council of St Andrew’s Parish Church, Bennett Road, Bournemouth Charity Registration Number: 1130076 Principal Address: 53 Bennett Road Bournemouth BH8 8QQ Trustees who served during the year: - A. Brobbey - S. Carrington - T. Hodkinson - H.T.M. Kenward Independent Examiner: Bicknell Business Advisers Ltd 40 Broadway Lane Bournemouth BH8 0AA ## **2. Structure, Governance and Management** The charity is governed by the Parochial Church Councils (Powers) Measure 1956 and operates under the Church Representation Rules. The trustees are members of the PCC, who are appointed or elected in accordance with the Church of England’s rules and practices. The PCC operates in cooperation with the incumbent of the parish. ## **3. Objectives and Activities** The PCC’s principal objective is to promote the whole mission of the Church—pastoral, evangelistic, social, and ecumenical—within the parish. This includes holding services, providing pastoral care, engaging in community outreach, and maintaining the church buildings and facilities. The trustees have had regard to the Charity Commission’s guidance on public benefit Page 2 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** when setting objectives and planning activities. The church provides public worship, spiritual guidance, and community support, which are available to all regardless of faith or background. Activities include worship services, youth and children’s programmes, training courses, and various community initiatives. ## **4. Achievements and Performance** In 2024, the PCC continued to grow its engagement through outreach and community activities, supported by Strategic Development Funding. Notable developments include: - The expansion of the Common Ground Café community space. - Refurbishment work commenced on the parish centre and toilets. - The Barista Training Programme supported employability in the local community. - The Children and Youth Work programme delivered targeted support and activities. Despite some reduction in rental income, overall income rose significantly due to successful grant funding and insurance recoveries. The PCC is thankful to all donors, volunteers, and partners for their continued support. ## **5. Financial Review** Total income for the year amounted to £334,092 (2023: £223,149), while total expenditure was £350,408 (2023: £167,483), resulting in a net deficit of £15,952. This was largely due to timing differences on grant expenditure and investment in future development. The PCC maintains a diversified income base including donations, trading income from lettings, and investment returns. A detailed breakdown is included in the Statement of Financial Activities. ## **6. Reserves Policy** The PCC’s policy is to maintain free reserves equivalent to at least three months of regular operating expenditure, to provide stability in the event of income disruption or unforeseen costs. Based on 2024 activity, this equates to approximately £65,000. At 31 December 2024, the unrestricted general reserves were £644,051, which includes both operational and legacy funds. The PCC considers this level appropriate given planned capital investments and strategic development projects. Designated funds of £32,149 relate to specific projects identified by the trustees. ## **7. Risk Management** The trustees have identified and regularly review key strategic and operational risks to which the charity is exposed, including: - Safeguarding and health & safety compliance - Dependence on key volunteers and staff - Financial sustainability of community initiatives Page 3 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** - Property maintenance liabilities Controls in place include staff and volunteer training, appropriate insurance, regular financial reviews, safeguarding policies, and contingency planning. ## **8. Plans for the Future** Looking ahead, the PCC plans to: - Complete refurbishment of the parish centre and church facilities - Expand local outreach through the café and training programmes - Strengthen digital presence and communications - Develop sustainable income-generating activities to support mission delivery The PCC remains committed to serving the spiritual and practical needs of the local community and strengthening its long-term resilience. ## **9. Trustees’ Responsibilities** The trustees are responsible for preparing the financial statements and ensuring they comply with the Charities Act 2011 and the Charity SORP (FRS 102). They are also responsible for safeguarding assets, maintaining proper accounting records, and taking reasonable steps to prevent and detect fraud or other irregularities. Signed on behalf of the trustees T. Hodkinson – Trustee Date: 17 April 2025 Page 4 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Independent Examiners Report** ## **Independent Examiner's Report to the trustees of THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** I report to the trustees on my examination of the financial statements of THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements 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 Act. ## **Independent examiner's statement** As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of Fellow of the Chartered Institute of Management Accountants. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. Steve Bicknell FCMA Fellow of the Chartered Institute of Management Accountants Bicknell Business Advisers Ltd 40 Broadway Lane Bournemouth BH8 0AA 17 April 2025 Page 5 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Statement of Financial Activities** **for the year ended 31 December 2024** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
10
**Total**
Net gains on investments
**Net (expenditure)/income**
11
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
61,440
12,650
95,715
1,997
150,891|**Restricted**
**funds**
**2024**
**£**
7,665
3,483
-
-
251|**Total funds**
**2024**
**£**
69,105
16,133
95,715
1,997
151,142|**Total funds**
**2023**
**£**
61,999
40,000
106,528
1,414
13,208| |---|---|---|---|---| ||322,693
10,534
21,259
308,486|11,399
-
9,995
134|334,092
10,534
31,254
308,620|223,149
-
6,055
161,428| ||340,279
364|10,129
-|350,408
364|167,483
1,375| ||(17,222)
(101)|1,270
101|(15,952)
-|57,041
-| ||(17,323)|1,371|(15,952)|57,041| ||(17,323)
693,887|1,371
3,868|(15,952)
697,755|57,041
640,714| ||676,564|5,239|681,803|697,755| Page 6 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** **Balance Sheet at 31 December 2024** |**Charity No. 1130076**
**Fixed assets**
Tangible assets
13
Investments
14
**Current assets**
Debtors
15
Cash at bank and in hand
**Creditors:**Amount falling due within one year
16
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
17
Restricted income funds
**Unrestricted funds**
17
General funds
Designated funds
**Reserves**
17
Revaluation reserve
**Total funds**|**2024**
**£**
543,801
16,232
560,033
33,233
105,041
138,274
(16,504)
121,770
681,803
681,803
681,803
5,239
5,239
644,051
32,149
676,200
364
364
681,803|**2023**
**£**
543,819
15,868| |---|---|---| |||559,687
6,000
141,557| |||147,557
(9,489)| |||138,068
697,755| |||697,755| |||697,755| |||3,868| |||3,868
695,603
(1,716)| |||693,887
-| |||-| |||697,755| Approved by the trustees on 17 April 2025 And signed on their behalf by: T. Hodkinson Trustee 17 April 2025 Page 7 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts for the year ended 31 December 2024** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 if 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. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 8 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** - **Notes to the Accounts Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Sound Equipment 10%% Straight line Computer Equipment 33.3%% Reducing balance Musical Instruments 20%% Reducing balance ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 9 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 10 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## 2 **Statement of Financial Activities - prior year** |**Notes to the Accounts**
2 **Statement of Financial Activities - prior year**||||| |---|---|---|---|---| |**Income and endowments from:**
Donations and legacies
Other trading activities
Investments
Other
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Regular Giving
Collections
Other donations and
Legacies
Grants||**Unrestricted**
**funds**
**2023**
**£**
**Restricted**
**£**
-
-
165
7,500
7,665
108,095
106,528
2,789
2,838
220,250
110
67,770
99,603
167,483
52,767
52,767
52,767
640,714
693,481|**Restricted**
**funds**
**2023**
**£**
**Total**
**2024**
**£**
51,800
6,834
2,971
7,500
69,105
4,274
-
-
-
4,274
-
406
-
406
3,868
3,868
3,868
-
3,868|**Total funds**
**2023**
**£**
112,369
106,528
2,789
2,838| |||||224,524
110
68,176
99,603| ||**Unrestricted**
**£**
51,800
6,834
2,806
-
61,440|||167,889| |||||56,635| |||||56,635| |||||56,635
640,714| |||||697,349| |||||**Total**
**2023**
**£**
42,106
14,234
4,659
1,000| |||||61,999| Page 11 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## 4 **Income from charitable activities** |4|**Income from charitable activities**||||| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**|**Total**| |||||**2024**|**2023**| |||**£**|**£**|**£**|**£**| ||Fund Raising|-|-|-|40,000| ||Training Courses|135|-|135|-| ||Children and Youth Work|288|-|288|-| ||Charitable Mission & Giving|12,227|3,483|15,710|-| ||||||| |||12,650|3,483|16,133|40,000| ||||||| |5|**Income from other trading activities**||||| ||||**Unrestricted**|**Total**|**Total**| |||||**2024**|**2023**| ||||**£**|**£**|**£**| ||Parish Centre Letting||15,400|15,400|32,379| ||Language School Letting||77,883|77,883|72,444| ||Fees||1,170|1,170|1,705| ||Common Ground Cafe||1,262|1,262|-| ||||||| ||||95,715|95,715|106,528| ||||||| |6|**Income from investments**||||| ||||**Unrestricted**|**Total**|**Total**| |||||**2024**|**2023**| ||||**£**|**£**|**£**| ||Interest||1,666|1,666|980| ||Dividends||331|331|434| ||||||| ||||1,997|1,997|1,414| ||||||| |7|**Other income**||||| |||**Unrestricted**|**Restricted**|**Total**|**Total**| |||||**2024**|**2023**| |||**£**|**£**|**£**|**£**| ||Solar Panel income|-|-|-|2,838| ||Gift Aid Tax recovered|13,691|251|13,942|10,370| ||Insurance Claims|10,664|-|10,664|-| ||Strategic Development
Funding|126,536|-|126,536|-| ||||||| |||150,891|251|151,142|13,208| ||||||| Page 12 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## 8 **Expenditure on raising funds** |_Fundraising trading costs_
Language School Letting
Common Ground Cafe
9 **Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Fund Raising
Training Courses
Children and Youth Work
Charitable Mission & Giving
_Governance costs_
10 **Other expenditure**
Worship & Service costs
Advertising & Marketing
Common Mission Fund
Stategic Development
Projects
Other interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs|**Unrestricted**
**£**
294
1,018
4,251
15,696
21,259
**Unrestricted**
**£**
3,223
1,057
34,206
126,296
471
61,051
1,340
70,618
2,676
6,439
1,109
308,486|**Unrestricted**
**£**
7,264
3,270
10,534
**Restricted**
**£**
-
7,000
-
2,995
9,995
**Restricted**
**£**
134
-
-
-
-
-
-
-
-
-
-
134|**Total**
**2024**
**£**
7,264
3,270
10,534
**Total**
**2024**
**£**
294
8,018
4,251
18,691
31,254
**Total**
**2024**
**£**
3,357
1,057
34,206
126,296
471
61,051
1,340
70,618
2,676
6,439
1,109
308,620|**Total**
**2023**
**£**
-
-
-
**Total**
**2023**
**£**
110
-
-
5,945
6,055
**Total**
**2023**
**£**
5,110
-
32,404
-
-
28,758
663
81,900
1,997
10,596
-
161,428| |---|---|---|---|---| Page 13 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## 11 **Net (expenditure)/income before transfers** |11|**Net (expenditure)/income before transfers**|||| |---|---|---|---|---| |||**2024**||**2023**| ||This is stated after charging:|**£**||**£**| ||Depreciation of owned fixed assets|2,676||1,997| |12|**Staff costs**|||| |||**2024**||**2023**| ||Salaries and wages|56,125||28,758| ||Pension costs|1,745||-| |||||| |||57,870||28,758| ||No employee received emoluments in excess of £60,000.|||| The average monthly number of full time equivalent employees during the year was as follows: |Clergy & Leadership
Admin & Support
13**Tangible fixed assets**|**2024**
**Number**
2
3
5|**2023**
**Number**
1
3| |---|---|---| |||4| |||| |**Cost or revaluation**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation and**
**impairment**
At 1 January 2024
Depreciation charge for the
year
At 31 December 2024
**Net book values**
At 31 December 2024
At 31 December 2023||**Land and**
**buildings**
**£**
527,842
-
527,842
-
-
-
527,842
527,842||**Sound**
**Equipment**
**£**
19,971
-
19,971
3,994
1,997
5,991
13,980
15,977|**Computer**
**Equipment**
**£**
-
1,107
1,107
-
369
369
738
-|**Musical**
**Instruments**
**£**
-
1,551
1,551
-
310
310
1,241
-|**Total**
**£**
547,813
2,658| |---|---|---|---|---|---|---|---| ||||||||550,471| ||||||||3,994
2,676| ||||||||6,670| ||||||||543,801| ||||||||543,819| Page 14 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## 14 **Investments** |14**Investments**||||||| |---|---|---|---|---|---|---| |**Cost or revaluation**
At 1 January 2024
Revaluation
At 31 December 2024
**Net book values**
At 31 December 2024
At 31 December 2023
702,00 shares held in CBF Church of England Investment Fund
Market value of listed investments
15**Debtors**
Trade debtors
Gift Aid recoverable||**2024**
**£**
16,232
**2024**
**£**
22,690
10,543
33,233||**Other**
**investments**
**- Listed**
**£**
15,868
364
16,232
16,232
15,868||**Total**
**£**
15,868
364| |||||||16,232| |||||||
16,232| |||||||
15,868| |||||||
**2023**
**£**
15,868| |||||||
**2023**
**£**
-
6,000| |||||||6,000| Trade debtor balance of £22,690 is Strategic Development Funding due from Diocese of Winchester. Gift Aid recoverable for 2023 and 2024 has been estimated. An estimate of £4543 for additional GA recoverable on one-off gifts & small donations within 2024 is included within Other Income - Gift Aid Tax Recovered in the Statement of Financial Activities for 2024. The PCC acknowledges need to catch up with historical GA reclaims from HMRC during 2025. ## 16 **Creditors:** amounts falling due within one year |Other taxes and social security
Other creditors||**2024**
**£**
10,001
6,503
16,504|**2023**
**£**
3,489
6,000| |---|---|---|---| ||||9,489| The PCC acknowledges that the PAYE balance of £10,001 owing to HMRC should be cleared within 2025. A provision of £6000 , included within Other Creditors falling within one year has been retained pending PCC review of the policy on Mission & Charitable Giving. Page 15 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** ## 17 **Movement in funds** |**Incoming**
**At 1 January**
**resources**
**(including**
**other**
**Resources**
**expended**
**Gross**
**transfers**
**At 31**
**December**
**2024**
**2024**
**gains/losses)**
**£**
**£**
**£**
**£**
**Restricted funds:**
**Restricted income funds:**
Christmas Appeal
(132)
165
(134)
101
0
Church Family Appeal
-
3,734
(2,995)
-
739
Barista Training
4,000
4,500
(7,000)
-
1,500
Cafe Kitchen
-
3,000
-
-
3,000
_Total_
3,868
11,399
(10,129)
101
5,239
**Unrestricted funds:**
**General funds**
695,603
182,532
(213,983)
(20,101)
644,051
**Designated funds:**
Strategic Development
(1,716)
140,161
(126,296)
20,000
32,149
_Total_
(1,716)
140,161
(126,296)
20,000
32,149
**Revaluation Reserves:**
Revaluation fund
-
364
364
_Total revaluation reserves_
-
364
364
**Total funds**
697,755
334,456
(350,408)
-
681,803
Purposes and restrictions in relation to the funds:
Revaluation reserves
Represent the amount by which investments exceed their historical cost.
Restricted funds:
Christmas Appeal
To provide Community Christmas gifts
Church Family Appeal
To support Church family members in specific need.
Barista Training
To provide Barista Training
Cafe Kitchen
To refurbish Kitchen
Designated funds:
Strategic Development
To refurbish Parish Centre & Church Toilet||**At 31**
**December**
**2024**
**£**
0
739
1,500
3,000| |---|---|---| |||5,239| |||
644,051
32,149| |||32,149| |||
364| |||364| |||| |||681,803| ## 18 **Analysis of net assets between funds** |Fixed assets
Investments
Net current assets||**Unrestricted**
**funds**
**£**
543,801
16,232
116,531
676,564||**Restricted**
**funds**
**£**
-
-
5,239
5,239|**Total**
**£**
543,801
16,232
121,770| |---|---|---|---|---|---| ||||||681,803| Page 16 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Notes to the Accounts** 19 **Reconciliation of net debt** |Cash and cash equivalents
Net debt|**At 1 January**
**2024**
**£**
141,557
141,557
141,557|**Cash flows**
**£**
(36,516)
(36,516)
(36,516)|**At 31**
**December**
**2024**
**£**
105,041
105,041

105,041| |---|---|---|---| ## 20 **Commitments** ## _**Operating lease commitments**_ Annual commitments under non-cancellable operating leases are as follows: |**2024**
**Land and**
**buildings**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
**£**
amounted to:
Unpaid contributions due to the fund are
included in other creditors and amounted to:|**2024**
**2023**
**Other**
**Land and**
**buildings**
**£**
**£**
**2024**
**£**
1,745
288|**2023**
**Other**
**£**
**2023**
**£**
-
700| |---|---|---| Page 17 **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** ## **Detailed Statement of Financial Activities for the year ended 31 December 2024** |**Total of expenditure on raising**
**funds**
Charitable activities
Fund Raising
**Income and endowments from:**
Donations and legacies
Regular Giving
Collections
Other donations and Legacies
Grants
Charitable activities
Fund Raising
Training Courses
Children and Youth Work
Charitable Mission & Giving
Other trading activities
Parish Centre Letting
Language School Letting
Fees
Common Ground Cafe
Investments
Interest
Dividends
Other
Solar Panel income
Gift Aid Tax recovered
Insurance Claims
Strategic Development Funding
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Language School Letting
Common Ground Cafe||10,534
294
**Unrestricted**
**funds**
**2024**
**£**
51,800
6,834
2,806
-
61,440
-
135
288
12,227
12,650
15,400
77,883
1,170
1,262
95,715
1,666
331
1,997
-
13,691
10,664
126,536
150,891
322,693
7,264
3,270
10,534|-
-
**Restricted**
**funds**
**2024**
**£**
-
-
165
7,500
7,665
-
-
-
3,483
3,483
-
-
-
-
-
-
-
-
-
251
-
-
251
11,399
-
-
-|10,534
294
**Total funds**
**2024**
**£**
51,800
6,834
2,971
7,500
69,105
-
135
288
15,710
16,133
15,400
77,883
1,170
1,262
95,715
1,666
331
1,997
-
13,942
10,664
126,536
151,142
334,092
7,264
3,270
10,534|**Total funds**
**2023**
**£**
42,106
14,234
4,659
1,000| |---|---|---|---|---|---| ||||||61,999| ||||||40,000
-
-
-| ||||||40,000| ||||||32,379
72,444
1,705
-| ||||||106,528| ||||||980
434| ||||||1,414| ||||||2,838
10,370
-
-| ||||||13,208| ||||||223,149
-
-| ||||||-| ||||||-
110| Page 18 ## **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** |**Detailed Statement of Financial Activities**
Training Courses
1,018
Children and Youth Work
4,251
Charitable Mission & Giving
15,696
21,259
**Total of expenditure on charitable**
**activities**
Other expenditure
21,259
Worship & Service costs
3,223
Advertising & Marketing
1,057
Common Mission Fund
34,206
Stategic Development Projects
126,296
Other interest payable
471
165,253
Employee costs
Salaries/wages
56,125
Pension costs
1,745
Staff entertainment
534
Staff training
2,647
61,051
Motor and travel costs
Travel and subsistence
1,310
Business mileage costs
reimbursed
30
1,340
Premises costs
Light, heat and power
25,164
Premises insurances
10,730
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Sound
Equipment
Depreciation of Computer
Equipment
Depreciation of Musical
Instruments
Bank charges
Equipment expensed
Equipment repairs and
maintenance
Software, IT support and related
costs
30,085
4,639
70,618
1,997
369
310
721
646
365
345|7,000
-
2,995
9,995
9,995
134
-
-
-
-
134
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|8,018
4,251
18,691
31,254|-
-
5,945
6,055
6,055
5,110
-
32,404
-
-
37,514
28,758
-
-
-
28,758
663
-
663
54,515
-
6,292
21,093
81,900
1,997
-
-
-
-
-
-| |---|---|---|---| |||31,254
3,357
1,057
34,206
126,296
471
165,387
56,125
1,745
534
2,647
61,051
1,310
30
1,340
25,164
10,730
30,085
4,639
70,618
1,997
369
310
721
646
365
345|| Page 19 ## **THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S PARISH CHURCH, BENNETT ROAD,BOURNEMOUTH** |**Detailed Statement of Financial Activities**
Subscriptions
1,890
Sundry expenses
856
Telephone, fax and broadband
1,616
9,115
Legal and professional costs
Audit/Independent examination
fees
480
Accountancy and bookkeeping
629
1,109
**Total of expenditure of other costs**
308,486
**Total expenditure**
340,279
Net gains on investments
364
**Net (expenditure)/income**
(17,222)
Transfers between funds
(101)
**Net (expenditure)/income before**
**other gains/(losses)**
(17,323)
Other Gains
-
**Net movement in funds**
(17,323)
**Reconciliation of funds:**
Total funds brought forward
693,887
**Total funds carried forward**
676,564||-
-
-
-
-
-
-
134
10,129
-
1,270
101
1,371
-
1,371
3,868
5,239||1,890
856
1,616
9,115
480
629
1,109
308,620
350,408
364
(15,952)
-
(15,952)
-
(15,952)
697,755
681,803|-
10,596
-| |---|---|---|---|---|---| ||||||12,593| ||||||
-
-| ||||||-| ||||||| ||||||161,428| ||||||
167,483
1,375| ||||||57,041
-
57,041
-| ||||||57,041| ||||||640,714| ||||||697,755| Page 20