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2024-12-31-accounts

St. Mary's Parish Church Alverstoke with St.Faith and St.Francis

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2024

Rector: The Revd. Andrew Norris

Parish Office Green Road Alverstoke Gosport PO12 2ET

Bankers: Lloyds Bank 20 High Street Gosport PO12 1DE

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

St. Mary with St. Faith and St. Francis, Alverstoke

Contents

Page 3 Legal and Administrative Information Pages 4 to 8 Annual Report of the Parochial Church Council Page 9 Independent Examiners Report Page 10 Statement of Financial Activities Page 11 Balance Sheet Pages 12 to 21 Notes to the Financial Statements Page 22 Comparative Statement of Financial Activities Pages 23 to 30 Appendices to the Financial Statements

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St. Mary with St. Faith and St. Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2024

Administrative Information

St. Mary's Church is situated in the Parish of Alverstoke with St. Faith's building serving the northern part of the parish and St. Francis' the east. It is part of the Diocese of Portsmouth within the Church of England. The correspondence address is Alverstoke Parish Office, Green Road, Alverstoke PO12 2ET.

The Parochial Church Council (PCC) is registered with the Charity Commission and the charity number is 1130178.

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

Clergy: Andrew Norris Rector / Chair
Churchwardens: Graham Collins (2020)
Sarah Savery (2022)
Debbie Thomas (2024)
Deanery Synod Representatives Debbie Thomas (2023 – 2026)
Michael Lane (2023 – 2026)
Sarah Savery (2023 - 2026)
Graham Collins (2023 - 2026)
District Church Representatives St. Faith Denise Wing (2024)
(elected by district churches) St. Francis Liz Hussain (2024)
Elected Members:
Mark Turvey (2022 – 2025)
Cindy Edge (2023 – 2025)
Hazel Ward (2023 – 2025)
Kim Beazley (2024 - 2025)
Margaret Poole (2023 – 2026)
Michael Lane (2023 – 2026)
Evie James (2023 – 2026)
Debbie Thomas (2023 – 2026)
Libby Norris (2024 – 2027)
Bill Lock (2024 - 2027)
Co-opted Members: Treasurer Kay Howard (2024 - 2025)
Secretary Michael Thomas (2018 - 2025)
Finance Peter Ford (2024 – 2025)
Ex-Officio Members:
Safeguarding Lead Jan Windsor

3

St. Mary with St. Faith and St. Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2024

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.

Objectives and Activities

The Parochial Church Council shares with the Rector, the Revd. Andrew Norris, in deciding upon the 'policy' of the parish by which it is appointed in order to 'co-operate with the Incumbent in promotion in the ecclesiastical parish the whole mission of the Church' (PCC Measure 1956); pastoral, evangelistic, social and ecumenical. To this end the vision of the parish is Sharing God's Love in the Community.

The three churches of St. Mary, St. Faith and St. Francis provide for great breadth and variety both in worship and opportunity for serving the communities that make up the parish. This is also expressed through the ministry at St. Luke’s which is under the oversight of the parish and serves the growing Royal Haslar community.

The PCC has maintenance responsibilities for the three churches of St. Mary, St. Faith and St. Francis along with the Parish Centre, The Brodrick Hall, The Junior Sailing Club and St. Mark's Churchyard. All the buildings and fabric are well maintained. On behalf of the PCC the District Church Committee oversees the care of both St. Francis Church and St. Faith's Church. Management groups support the PCC in the care of The Parish Centre, The Brodrick Hall, the Sailing Club and St. Mark's Churchyard so that they can effectively serve the wider community of the parish and Gosport. The PCC is grateful to 'The Friends of St. Mary's' for all the support they afford towards the maintenance of the Parish Church.

The PCC has had responsibility as employer towards the following staff: the Director of Music, the Parish Administrator, the Communications Administrator, the Schools & Families Lead, the Facilities Manager, the Baby & Toddler Group Leader and the Parish Centre, Brodrick Hall and church cleaners.

Achievements and Performance:

There were 305 (+3) parishioners on the Electoral Roll. Church Attendance from the annual Diocesan Statistics for Mission returns:

The parish's usual worship in person attendance* in 2024 was 167 adults and 14 under 16's. All services were stewarded by the Churchwardens, Sidesmen and Lay Worship Leaders for whom training was provided.

Some Sunday services were livestreamed from St. Mary's with about 8 worshippers three times a month.

The following ceremonies were conducted during 2024:

Weddings & Blessings: 3

Baptisms & Thanksgivings: 12 Funerals: 24

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St. Mary with St. Faith and St. Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2024

PCC Review of the Year

The PCC met six times in person during 2024 where the average level of attendance was over 80 per cent.

The Standing Committee met six times; reports of which were received by the PCC. The other working groups and committees of the PCC were: Finance, Pastoral, Parish Centre Management, Brodrick Hall Management, St. Francis' District Church Committee, St. Faith's Committee, the Junior Sailing Club Executive, the St. Luke's Advisory Group, The Parish Centre Regeneration Group, the General Data Protection Regulation Group, the St. Mark’s Churchyard heritage group plus the Finance Recovery Group.

Paramount importance was placed by the PCC upon ensuring that all procedures surrounding the Safeguarding of Children and Vulnerable Adults were implemented, along with attention being given to risk assessments plus health and safety. These included appropriate and ongoing training regarding safeguarding, food hygiene and for those involved in hosting services and events.

The PCC are guided by their General Data Protection Legislation (GDPR) leads whilst Safer Recruitment guidelines lead to the provision of 'role descriptions' for all parish voluntary roles. GDPR guidelines for Electoral Roll membership including storage of personal details, contact and photograph permissions were followed.

The major ongoing project of the PCC is the Regeneration of the Parish Centre with the aim of building a new centre for the benefit of the community. The PCC's purpose that a new centre should be a 'servant' and add much of value to the lives of people in the wider community. To this end the Parish Centre Regeneration Project continued to strive through 2024 with Fundraising. The Capital Grants Group continued to face disappointment and so the project was updated to follow a Plan B. This new plan delivers on the project objectives but in four phases for which new plans were submitted to the Local Authority. This remains a most significant project and whilst the work of the new centre has been the focus the evident spin off has been the breadth of community involvement with so many people supporting the regeneration. Through 2024 fundraising activities added much social and community value. The PCC is very thankful to both the voluntary and professional teams for the work and expertise they offered to this significant infrastructure project for our community.

In 2024 the parish adopted a new Mission Partner in succession to Great Lakes Outreach and to the Vine Trust. We are pleased to have entered a new partnership with R-Labs Tanzania focussing on street children in Iringa, Tanzania. ‘Grow Street’ is a unique partnership with Alverstoke Parish through Naomi Rouse who grew up in Alverstoke and left this parish for Tanzania over 20 years ago. Fundraising and gifts have already led to significant work among the young people. The PCC are very grateful for all this support and generosity in favour of our overseas partner. In addition to this £800 was also raised for Christian Aid through the annual and special appeals.

The PCC were sorry to say ‘goodbye’ in respect of ministry within the parish as Associate Minister to Revd Steve Dent upon his retirement in January 2024. We are indebted to Steve for his faithful hard work in the parish and remain so grateful to him and to Jayne for all they voluntarily gave here. Steve continues part time in his other role as Hon. Chaplain to Gosport War Memorial Hospital, but no longer with a licence to Alverstoke Parish.

Although we were sorry to say goodbye to Steve and to Jayne, we were delighted in June to be able to welcome Revd Paul Pope with Jo (and Toby, Austin and Abigail) to the parish as Stipendiary Assistant Curate. Paul settled into Alverstoke Parish during 2024 and, through serving his Title in this training role, Paul has begun to take a lead in a number of areas of our ministry.

Parish Home Groups continued to meet throughout the year. The Thursday ‘Beta’ group was reformed as ‘Seekers’ and now meets in St. Francis Church whilst, a smaller ‘Beta’ fellowship continues as well. Taken together parish home groups enable about 110 people stay connected in fellowship, prayer and discipleship.

The parish worked closely with our local schools during 2023 where members of the congregation serve among the staff or as governors. Six schools truly value the ministry of our 'Open the Book' Assemblies team. All the 6 primary schools visited our churches through the year for different Festivals and celebrations, learning experiences and at the Christmas Tree Festival. Challenges remain in terms of providing 11 Foundation Governors and Ex-Officio Governorship to the church schools of the parish. The CofE schools are the Leesland CE Federation (2 schools: infant and junior) and Alverstoke CE Junior School. The ongoing Forging Links Committees with the schools provided a good forum for the relationship of parish and each of the schools.

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St. Mary with St. Faith and St. Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2024

In August Lizzie Sykes-Little stepped down from her role as our staff ‘Schools & Families Lead’. We’re grateful to Lizzie for having served for a year in this role which she left to take up training for ordained ministry in September. Lizzie’s training continued through the autumn where she also preached in the parish as part of her assessed course. Hence, as her sending church, Lizzie maintains links in worship and ministry with the parish through her training at Cuddesdon Theological College.

For the autumn we did not re-appoint to the Schools and Families Lead, but we did employ Lotti Street as a Youth & Families Assistant in which she supported Toddlers, Messy Church, Sunday groups and helped start our new PLC. With a dozen members enjoying the fellowship of food, fun and watching Youth Alpha PLC flourished in the Autumn as a youth group for KS3. Lotti’s temporary role was just for the autumn term although we are grateful to her in continuing to volunteer with PLC and Sunday Groups since.

The vital work of our Baby & Toddler Groups continued. In the autumn Bumblebees came under the leadership of our paid leader, Natasha Hurst, in addition to the two Seahorses groups. Family Fusion activities continued until the summer after which, with younger children, the monthly activity returned to the title of Messy Church. The Sunday groups and the Open the Book schools team continue to rely upon the regular commitment of a significant team of volunteers which, on Sundays, impacts their own participation in worship. To them and for their continued support we are very grateful for this is a ministry they perform on behalf of the whole parish. This extends to our other groups with young people such as The Junior Choir Singing Club and St. Mary’s Junior Sailing Club.

The ministry of music continued to grow and bring great blessing. Paul Pilott our Director of Music, Organist and Choirmaster has nurtured the choir back to full strength through the 'monthly' full choral evensongs. The Junior Choir has also grown and is confidently singing at Church Alive Communion and Choral Evensong. We’re blessed by the music Worship Group which sustains our contemporary music at Church Alive. We’re grateful for the music ministry of Anne Beazley and all the musicians and vocalists in helping nurture and sustain this ministry in partnership with Paul. The orchestra with Paul Pilott plays monthly at Church Alive and at Christmas services.

The PCC are grateful to the Parish Centre staff (Kate Warstone – Administrator, Rachel Pipe – Communications) serving from the parish office. They also have extended elements within their roles with support being given to the Regeneration Project and to the Rector. The weekly mailing now has a weekly reach of over 1000 people and the social media pages an even larger community. About 70 paper magazines are also produced for those who do not access online media. The office staff have worked hard to help our venues serve our wider community. The Parish Centre has seen a strong uptake and growth in bookings during 2024. Each of our buildings enjoying good use for the benefit of the church and parish community.

The role of Facilities Manager held by Graham Bell proved to be very effective in favour of our venues. We were pleased to extend Graham’s role beyond his initial contract. Graham has worked tirelessly in support of our buildings and plant. His is a strategic role in respect of our responsibility towards 5 buildings and 7 sites to which he has brought his expertise and wisdom whilst affording much support to the different groups that care for our buildings. Graham has helped drive forward our planning around the Parish Centre bringing us to the point of starting work on the Car Park within phase one at the end of 2024.

Kate Warstone continued as Deputy Warden at St. Faith’s in which voluntary role she has given a lead to the promotion of St. Faith’s and its servanthood at the heart of Leesland. This includes the ongoing work of the St. Faith’s Hub (a creative drop-in, warm space, food bank, clothing swap, with crafts and pastoral care). The need of this Hub and the other expressions of service at St. Faith’s are demonstrating the vitality of the church at the heart of the community. In September the team also started a monthly ‘Chatting Faith’ Fresh Expression of church on a Sunday. Through storytelling, simple prayer, breakfast, craft and activity Chatting Faith quickly grew from 6 local families to over 15. It is flourishing as we look towards continuing this once the initial diocesan resources have been enjoyed and appreciated. Thank you, Kate, with a small team for being the inspiration behind this as an expression of the ongoing work of pioneering in Leesland.

Through 2024 the role of the Treasurer continued to be ‘shared’ with a small finance team. Through the year the team focussed on finance recovery and on our investments. We’re grateful to Peter Ford (accounts), Kay Howard (bookkeeping, payments, gift aid and named Treasurer) and Kim Beazley (investments/strategy) for this hard work. The team is completed with the sub-fund treasurers of St. Francis (Bev Harris), St. Faith’s plus St. Luke’s (Mark Trasler), Brodrick Hall (Graham Collins), Parish Centre plus Parish Centre Regeneration and the Organ Fund (Peter Ford), Junior Sailing Club (Shiona Heron), St. Mark’s Churchyard Cemetery (Peter Newell), Choir Fund (Jean Morgan) and Flower Guild (Sue Craven)– to them all, the ‘chairs’ and those who serve on these various committees the PCC wish to express our thanks.

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St. Mary with St. Faith and St. Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2024

The PCC are grateful to all our direct employees for their hard work and diligence through 2024. We were grateful Pauline for many years as our cleaner of the church and halls, and who left us during the year; we wish Pauline well for the future. For our staff employed by the PCC - Kate our Administrator, Rachel at Communications, Paul as St. Mary’s 'Organist & Director of Music', Natasha our 'Baby & Toddler Group Leader', Graham our Facilities Manager, Lizzie formerly our Schools & Families Lead, Pauline formerly our cleaner and Lotti as Children & Families Assistant, we are very grateful and have been blessed by them. They served us as employees beyond the call of duty and offer their work as an expression of ministry; to them the PCC are very thankful. The offer of the NEST pension scheme is available to our paid staff.

The Brodrick Hall site hosts the Gosport District Scout HQ which is leased from the PCC. St. Mary’s Church hosts a EE mobile telecoms mast and a new lease was agreed in 2022. The PCC are exploring the use of the Brodrick Hall with the local outdoor pursuits company ‘GoSport’ who have become the main hirers of the building over the last few years.

In the parish our ministers with Permission to Officiate are Paddy Trasler, Diana Dow and Revds. Humphrey Prideaux, Angela Johnson and Elizabeth Groves. St Mary’s is the family church of Revd. Amanda Collinson, Bishops Chaplain, and she has hosted services. For the pastoral friendship they all offer and worship they host we are very grateful. The parish is also faithfully helped by Revds. Ian Rutherford and Phil Hiscock who officiate at the monthly communion in St. Luke’s, Haslar. Our thanks to those who continue to serve in retirement.

Evie James has continued as our parish Older Persons Chaplain, and she leads a growing team of pastoral assistants with visits to 8 care/nursing homes and to older people in their own homes. The team works in pairs in leading worship in different care homes. This ministry is flourishing in our care homes and new doors keep being opened to the team of volunteers – thank you.

There are again over 200 people serving as volunteers in the community. Something we sought to celebrate at the very successful Christmas Tree Festival at the end of the year. With nearly 6000 visitors the festival was tremendous again in 2024 and thanks go to the whole team, who were led by Annushka Donin to whom we are grateful. For all 200 volunteers we give thanks as they express the frontline ministry of Christ in our community. It is this offering of ministry through every member which is the true expression of our worship and life as a church across this parish. In addition to this is all the extra witness that is continually offered in acts of service by every member in their daily life, home and workplace - and also that volunteering offered by others in the past. This is what expresses the gifts and hallmarks of God's kingdom in serving and transforming lives and society in love, mercy and justice. All that is offered is truly moving and a cause for great thankfulness by the PCC and across our church fellowship and community.

There are friends who’ve served so actively and faithfully over the years and 2024 saw the sad loss of a number of those with whom we’ve been privileged to share in the fellowship of the church. We miss them dearly as we remember and thank the Lord for the privilege of being the Body of Christ together with them.

Subject to independent examination the accounts were approved at the meeting of the Parochial Church Council on …………………. 7th April 2025

The Revd Andrew Norris - Rector for The Parish and Chair of the Parochial Church Council of St. Mary, Alverstoke with St. Faith and St. Francis

Financial Review

Careful stewardship of resources remains a priority for PCC guarding against rising costs due to inflation whilst progressing with the long-term community project of Parish Centre Regeneration, continuing and expanding ministry.

Income for the year increased by 8% to £332,925 (£306,906) due mainly to sub fund activity and a two-part Grant ring fenced for Families Work. We remain grateful for generous donations and legacies. However, the core income at St Mary’s from Planned Giving, Collections and Appeals, as well as fees from occasional services (Weddings and Funerals), continues to shrink. The downturn in Planned Giving began to stall during the 3[rd] Quarter and it is hoped that this may become an upturn in 2025.

PCC will continue to encourage contributions via the Parish Giving Scheme (PGS). This regular stream of income which can also be inflation proofed, is invaluable for budgeting and most efficient in administration terms processing Gift Aid within 4 weeks at no cost to the Parish. Legacies are also hugely beneficial to the Parish enabling fulfilment of major projects and we hope that members of the church family will consider leaving a legacy in the future.

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St. Mary with St. Faith and St. Francis, Alverstoke Annual Report of the Parochial Church Council For the Year Ended 31st December 2024

Expenditure has increased at a slightly lower rate of 2.5% £314,856 (£307,205). Sub Funds overall saw a decrease in expenditure whilst the core Church running costs of St Mary’s were 5.4% higher mainly from an increase in Parish Share and inflation proofing Staff Salaries. Asbestos removal works were an unexpected cost and we are thankful that Friends of St Mary’s were able to contribute towards it.

The church community supported a new overseas partnership with RLABS enabling donations of £3,000 over the year. This is given to improve life opportunities of street children in Tanzania. Whilst charitable giving from PCC funds is only 1.5% of income, the church community support the Parish Centre Regeneration project as well as other home missions in our sub-funds.

Overall, the consolidated accounts show a surplus of £18,069 against a deficit of £299 in 2023, again due to improved performance by majority of the sub funds. Work starts on the Parish Centre Regeneration project in 2025 when we can expect to see use of the funds that have been raised to date.

PCC Reserves and Investment Policy

Long-term investments grew by £8,933 (avg 2.3%) which is lower than previous years gain of £37,946 showing continued fluctuations in money markets. These investments now valued at £395,868 produced interest/dividend payments over the year of £10,721 (avg 2.7%) There is also a deposit fund of £42,367 which produced £2,206 in interest (5.2%). These investments are with CBF Church of England funds managed by Churches, Charities, and Local Authorities (CCLA) in line with PCC policy

It is PCC Policy to maintain a balance of reserve funds which equates to at least six weeks unrestricted payments to cover emergency situations that may arise from time to time. Based on 2024 accounts that would be £29,137. St Mary’s Alverstoke had £45,293 in immediate access bank accounts at the year end. A further £62,223 is held in a notice account.

Trustees Responsibilities

The trustees (Members of the PCC) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to:

i) Select suitable accounting policies and apply them consistently ii) Make judgements and estimates that are reasonable and prudent iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the Trustees on ……………………………………………2025 7th April Signed on their behalf by……….…………………………....………………

Printed Name: Rev. Andrew Norris

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

This report on the financial statements for the PCC of the Ecclesiastical Parish of St Mary's Alverstoke for the year ended 31 December 2024, which are set out on the following pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the regulations') and s.145 of the Charities Act 2011 ('The Act').

Respective Responsibilities of the PCC and the Examiner

As the members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulations and section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to issue this report on those financial statements accounts in accordance with the terms of the Regulations.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145 (5)(b) of the Act and to be found in the Church Guidance, 2006 edition, issued from the Finance Division of the Archbishops' Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow Member of the Association of Charity Independent Examiners.

In connection with my examination, no material matters have come to my attention:

Date : 15 April 2025

Signed :

Examiner name: J Irvinesmith FCIE Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

9

ST MARYS ALVERSTOKE PCC

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDING 31 DECEMBER 2024

(Incorporating Income and Expenditure Account)

Notes
INCOME
Donations & Legacies
3a
Charitable Activities
3b
Other Income
3c
Sub Funds
3d
TOTAL INCOME
EXPENDITURE
Charitable Activities
4a
Sub Funds
4b
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
9
Gain on revaluation of investment
2
Net Movement in Funds
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
Funds
Funds
Funds
2024
2023
£
£
£
£
£
165,000
4,087
-
169,087
163,565
15,167
83
-
15,250
17,936
26,261
-
-
26,261
18,475
74,091
48,236
-
122,327
106,930
280,519
52,406
-
332,925
306,906
219,418
4,256
-
223,674
214,101
67,296
23,886
-
91,182
93,104
286,714
28,142
-
314,856
307,205
(6,195)
24,264
-
18,069
(299)
(9,289)
-
9,289
-
-
-
-
8,933
8,933
37,946
(15,484)
24,264
18,222
27,002
37,647
379,735
406,001
377,647
1,163,383
1,125,736
364,251
430,265
395,869
1,190,385
1,163,383

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 12 to 21 form part of these financial statements.

2023 accounts reflect the internal reallocation of income and expenditure from the sub funds. The overall result is unchanged. See note 14 and the accounts on page 22 for comparison

There may be minor discrepancies throughout the following pages as pence are not being shown

10

ST MARYS ALVERSTOKE PCC

BALANCE SHEET

(Registration Number 1130178) AS AT 31ST DECEMBER 2024

Note
Fixed Assets
2
Tangible Assets
Investments
Current Assets
Stock
Debtors & Prepayments
6
Cash at Bank and in Hand
5
Sub Funds Bank
Total Current Assets
7
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
Endowment Funds
2
Total Funds
Creditors:amounts falling due within
one year		 Unrestricted
Restricted
Endowment
31-Dec-24
31-Dec-23
Funds
Funds
Funds
Total
Total
£
£
£
£
£
200,000
-
-
200,000
200,000
-
-
395,869
395,869
386,935
200,000
-
395,869
595,869
586,935
564
-
-
564
564
5,770
224
-
5,994
1,373
96,592
53,492
-
150,084
166,931
63,451
376,549
-
440,000
410,299
166,377
430,265
-
596,642
579,167
2,126
-
-
2,126
2,719
164,251
430,265
-
594,516
576,448
364,251
430,265
395,869
1,190,385
1,163,383
364,251
430,265
395,869
1,190,385
1,163,383
364,251
-
-
364,251
379,735
-
430,265
-
430,265
406,001
-
-
395,869
395,869
377,647
364,251
430,265
395,869
1,190,385
1,163,383

Approved by the Parochial Church Council and signed on its behalf by:

Print Name: Rev. Andrew Norris

Date: 7th April 2025

11

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

1. ACCOUNTING POLICIES

The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011, with the exception of investment assets, which are shown at market value.

The financial statements 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.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Cash Flow Statement

The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

Material prior period errors

No material prior year errors have been identified in the reporting period.

Some income and expenditure classifications have been presented slightly differently to previous reporting periods to create greater clarity and to provide more meaningful comparative information. The overall results for 2023 have not been restated. Note 14 provides further detail.

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowments was established.

Restricted Funds represent (a) income from trusts or endowments which may be extended only on those restricted objects provided in the terms of the trust or the bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted Funds are general funds which can be used for PCC ordinary purposes.

Incoming Resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

12

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the PCC or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the PCC. Gifts in kind for use by the PCC are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the PCC is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the PCC of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Government Grants

The charity did not receive any government grants in this financial year.

Resources Expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan quota or parish share is accounted for when due. Amounts received specifically for Mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for Gross.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the PCC to pay out resources.

Governance Costs

Includes costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

Redundancy cost

The PCC made no redundancy payments during the reporting period.

Pensions

The PCC operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

13

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

2. TANGIBLE FIXED AND INVESTMENT ASSETS

No Value is placed on movable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments are valued at market value at 31st December 2024.

Fixed assets -

To ensure the properties held are reflected in the financial statements, a notional value has been attributed to the Parish Centre of £100,000 & the Brodrick Hall of £100,000.

Investment Assets -

13737 Shares in CBF Investment Fund
(correction to balance above)
1663 Shares in CBF Investment Fund
1250 Shares in CBF Investment Fund
7278 Shares in CBF Fixed Interest Securities Fund
Endowment Funds		 Unrealised
gain/(loss)
Market Value
31/12/2024
Market Value
31/12/2023
7,108
317,652
301,255
-
-
9,289
860
38,453
37,593
647
28,912
28,265
318
10,852
10,534
-
-
-
8,933
395,869
386,936

The re-statement of the CBF Investment Fund balance at 31/12/2023 above is in respect of the M Fereday bequest transferred from the Unrestricted Fund to the Endowment Fund - see the note on page 20.

Capital commitments and non-cancelling leases - a 5 year Lease Agreement for the office photocopier/printer commenced with GrenkeLeasing in 2023 with 20 x quarterly payments of £205.20. As at 31st December 2024, 9 x payments have been made to date with £2,257.20 remaining liability (£820.80 due in 2025)

14

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

3. INCOME
a) Donations & Legacies
Gifts & Donations
Grants
Gift Aid
b) Charitable Activities
Fundraising events
Parish Buildings
Church Weddings Funerals
c) Other Income
Sundry Income
Dividends & Interest
Mobile Phone Mast
d) Sub Funds
St Faiths
Donations
Lettings Fees
Other Income
St Francis
Donations
Lettings Fees
Other Income
Parish Centre
Donations
Lettings Fees
Other Income
Fundraising
Bank Interest
COVID Grants
Brodrick Hall
Donations
Lettings Fees
Grant
Organ Fund
Donations
Concerts		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
Funds
Funds
Funds
2024
2023
£
£
£
£
£
118,458
3,549
-
122,007
141,507
22,000
-
-
22,000
-
24,542
538
-
25,080
22,058
165,000
4,087
-
169,087
163,565
10,506
-
-
10,506
11,609
-
-
-
-
-
4,661
83
-
4,744
6,327
15,167
83
-
15,250
17,936
7,119
-
-
7,119
1,829
14,892
-
-
14,892
12,396
4,250
-
-
4,250
4,250
26,261
-
-
26,261
18,475
16,535
-
-
16,535
12,218
3,000
-
-
3,000
3,297
889
-
-
889
4,392
10,043
-
-
10,043
9,368
1,946
-
-
1,946
1,066
130
160
-
290
288
2,494
27,410
-
29,904
12,192
19,813
-
-
19,813
14,882
1,797
632
-
2,429
3,125
1,643
8,395
-
10,038
15,359
-
9,985
-
9,985
5,463
-
-
-
-
500
120
-
-
120
120
15,657
-
-
15,657
19,147
24
-
-
24
1,000
-
195
-
195
3,422
-
1,459
-
1,459
1,091
74,091
48,236
-
122,327
106,930

15

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 DECEMBER 2024

4. EXPENDITURE
Notes
a) Charitable Activities - St Mary's
Parish Share
Contribution to Parish share by Sub-Funds(see 4b)
Staff Payroll & Expenses
8
Contribution to Payroll by Sub-funds(see 4b)
Charitable Donations
Heating Oil, Electric & Water
Insurance
Maintenance & Repairs
Office Running Costs
Contribution to Office costs by Sub-Funds(see 4b)
Fundraising & Campaign Expenses
Independent Examination Fee
Other Costs
Visiting Speakers
Vicarage and Incumbent Expenses		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
Funds
Funds
Funds
2024
2023
£
£
£
£
£
136,719
-
-
136,719
130,209
(8,933)
-
-
(8,933)
(5,432)
64,867
-
-
64,867
63,950
(16,655)
-
-
(16,655)
(17,755)
350
3,010
-
3,360
1,598
1,816
1,325
-
3,141
9,501
6,887
-
-
6,887
6,614
10,801
-
-
10,801
5,263
12,084
-
-
12,084
7,205
(3,181)
(79)
-
(3,260)
(2,157)
3,489
-
-
3,489
2,962
2,040
-
-
2,040
2,220
6,771
-
-
6,771
8,147
640
-
-
640
488
1,723
-
-
1,723
1,288
219,418
4,256
-
223,674
214,101

16

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

4. EXPENDITURE

b) Charitable Activities - Sub Funds

St Faiths
Cleaning, Repairs, Maintenance and Upkeep
Other expenditure
Parish Share
Hub and Foodbank
Utilities and Insurance
St Francis
Cleaning, Repairs, Maintenance and Upkeep
Other expenditure
Parish Share
Utilities and Insurance
Parish Centre
Cleaning, Repairs, Maintenance and Upkeep
Fundraising (incl Capital Grant)
Legal and Professional Fees
Other expenditure
Parish Share
Utilities and Insurance
Brodrick Hall
Cleaning, Repairs, Maintenance and Upkeep
Other expenditure
Parish Share
Facilities
Utilities and Insurance
Organ Fund
Cleaning, Repairs, Maintenance and Upkeep
Other expenditure		 3,382
-
-
3,382
6,350
5,035
-
-
5,035
3,344
750
-
-
750
-
2,453
-
-
2,453
-
3,913
-
-
3,913
3,646
2,456
-
-
2,456
1,993
2,267
-
-
2,267
874
4,410
-
-
4,410
4,200
2,603
-
-
2,603
2,497
10,236
1,056
-
11,292
12,449
279
2,422
-
2,701
6,327
-
11,900
-
11,900
13,877
4,689
3,691
-
8,380
8,931
1,273
-
-
1,273
1,232
6,512
-
-
6,512
6,210
5,545
-
-
5,545
8,134
845
-
-
845
20
2,500
-
-
2,500
-
1,243
-
-
1,243
850
6,905
-
-
6,905
10,437
-
3,426
-
3,426
420
-
1,391
-
1,391
1,313
67,296
23,886
-
91,182
93,104

17

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 DECEMBER 2024

5. CASH AT BANK AND IN HAND

Short Term Deposits
Main Lloyds Current Account
Shaping the Future Lloyds Account
32 Days Notice Lloyds Account
CCLA Deposit Account 1454D
CCLA Deposit Account 7001D
Sub Fund Bank Balances
Sailing Club Reserve Account
Sailing Club Current Account
Choir Fund Current Account
Choir Fund Reserve Account
Flower Fund
St Faiths
St Francis
Parish Centre
Brodrick Hall
Organ Fund
6. DEBTORS AND PREPAYMENTS
Gift Aid		 Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
£
14,561
8,785
-
23,346
36,581
19,609
2,339
-
21,948
27,025
62,223
-
-
62,223
60,768
-
42,367
-
42,367
42,367
200
-
-
200
190
96,592
53,492
-
150,084
166,931
11,092
-
-
11,092
10,933
690
-
-
690
1,570
-
2,188
-
2,188
2,533
-
2,064
-
2,064
2,033
-
352
-
352
760
18,215
-
-
18,215
13,324
8,450
4,519
-
12,969
12,427
11,594
362,343
-
373,937
343,826
13,410
-
-
13,410
14,647
-
5,083
-
5,083
8,246
63,451
376,549
-
440,000
410,299
160,043
430,041
-
590,084
577,230
Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
£
5,770
224
-
5,994
1,373
5,770
224
-
5,994
1,373

7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accounts Payable
Agency Collections		 Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
£
2,040
-
-
2,040
2,337
86
-
-
86
382
2,126
-
-
2,126
2,719

18

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 DECEMBER 2024

8. STAFF COSTS AND NUMBERS

Staff Payroll costs
Gross Wages and Salaries
Employer's National Insurance Costs (after allowance)
Pension Contributions (Employer)
Other Staff Costs
Assistant Staff Costs
TOTAL STAFF COSTS
St Mary's
St Faith's
St Francis
Parish Centre
Brodrick Hall
Total Staff Costs
Employees who were engaged in each of the following activities:
Activities in furtherance of organisation's objects		 TOTAL
TOTAL
2024
2023
£
£
63,323
62,305
-
-
1,211
1,309
64,534
63,614
333
336
64,867
63,950
48,212
46,214
1,912
1,837
1,921
2,087
9,840
12,259
2,982
1,553
64,867
63,950
2024
2023
TOTAL
TOTAL
8
8

No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system.

19

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

----- Start of picture text -----
9. FUNDS Balance Gain/(Loss) Balance
01-Jan-24 Income Expenditure on Investmt. Transfers 31-Dec-24
£ £ £ £ £ £
Unrestricted Funds
General Fund 122,390 204,067 216,369 - (9,289) 100,799
Sub-Funds (held within PCC Bank accounts):
- -
Sailing Club 12,470 2,361 3,049 11,782
Sub Funds (operating own Bank accounts):
St Faiths 13,324 20,424 15,533 - - 18,215
St Francis 8,068 12,119 11,736 - - 8,451
Parish Centre 108,836 25,747 22,989 - - 111,594
Brodrick Hall 114,647 15,801 17,038 - - 113,410
TOTAL UNRESTRICTED FUNDS 379,735 280,519 286,714 - (9,289) 364,251
Restricted Funds
Main PCC Funds (held within PCC Bank accounts):
- - - -
Alverstoke Privet Place Deposit 42,367 42,367
- -
Overseas Partnerships & Other Funds 5,954 4,057 3,011 7,000
St Lukes 3,999 38 36 - - 4,001
St Marks 762 124 535 - - 351
Sub-Funds (held within PCC Bank accounts):
Choir Fund 4,563 30 345 - - 4,248
Flower Fund 761 - 408 - - 353
Sub-Funds (operating own Bank accounts):
St Francis 4,359 160 - - - 4,519
Parish Centre 334,990 46,422 19,069 - - 362,343
- -
Organ Fund 8,246 1,654 4,817 5,083
TOTAL RESTRICTED FUNDS 406,001 52,485 28,221 - - 430,265
Endowment Funds
- -
M Fereday Bequest 301,255 7,108 9,289 317,652
G Hunt 37,593 - - 860 - 38,453
Privett Place 38,799 - - 965 - 39,764
TOTAL ENDOWMENT FUNDS 377,647 - - 8,933 9,289 395,869
GRAND TOTAL 1,163,383 333,004 314,935 8,933 - 1,190,385
----- End of picture text -----

£9,289 in respect of the M Fereday bequest has been transferred from the Unrestricted Fund to the Endowment Fund.

A reserve account is held by the PCC in respect of St Luke's, which is maintained at approximately £4,000.

20

ST MARYS ALVERSTOKE PCC

NOTES TO THE AGGREGATED FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 DECEMBER 2024

10. PAYMENTS TO TRUSTEES, PCC MEMBERS AND RELATED PARTIES

No payments other than reimbursements for charitable purchases paid personally were made to trustees, PCC members or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee, PCC member or any person connected with them. No expenses were paid to Trustees or PCC members.

11. RISK ASSESSMENT

The Council actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Council have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

12. RESERVES POLICY

The Council have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The Council aims to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Council will endeavour not to set aside funds unnecessarily. Further detail is provided in the Trustees Annual Report.

13. PUBLIC BENEFIT

The Council acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the Council has achieved this are provided in the annual report included. The Council confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding which activities the Council should undertake.

14. REALLOCATION OF INCOME AND EXPENDITURE

Some income and expenditure classifications have been presented slightly differently in 2024 to previous reporting periods to create greater clarity. The 2023 classifications have been restated in the same way to provide meaningful comparitive information. The overall results for 2023 have not been restated. The effect is as follows:

As originally stated
31-Dec-23
£
Income
332,250
Expenditure
332,549
Net Income/(Expenditure)
(299)
Net Assets
1,163,383		 As re-stated
31-Dec-23
£
306,906
307,205
(299)
1,163,383

21

ST MARYS ALVERSTOKE PCC

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2023

(Incorporating Income and Expenditure Account)

Notes
INCOME
Donations & Legacies
3a
Charitable Activities
3b
Other Income
3c
Sub Funds
3d
TOTAL INCOME
EXPENDITURE
Charitable Activities
4a
Sub Funds
4b
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
9
Gain on revaluation of investment
2
Net Movement in Funds
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
Endowment
TOTAL
Funds
Funds
Funds
2023
£
£
£
£
161,340
7,657
-
168,997
37,831
17
-
37,848
18,456
19
-
18,475
69,733
37,197
-
106,930
287,360
44,890
-
332,250
233,646
5,799
-
239,445
67,627
25,477
-
93,104
301,273
31,276
-
332,549
(13,913)
13,614
-
(299)
63,730
(3,730)
(60,000)
-
-
9,289
-
28,658
37,947
59,106
9,884
(31,343)
37,648
320,631
396,117
408,988
1,125,736
379,737
406,001
377,646
1,163,383

22

APPENDICES

SUB FUNDS FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

St Marys Alverstoke Unconsolidated Page 24-25
St Faiths Page 26
St Francis Page 27
Parish Centre Page 28
Brodrick Hall Page 29
Organ Funds Page 30

23

ST MARY'S ALVERSTOKE PCC - UNCONSOLIDATED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2024

INCOME
Planned Giving
Collections & Appeals
Gift Aid
Dividends & Interest
Mobile Phone Mast
Legacies
Contributions From Parish Buildings
Church Wedding, Funeral Fees Etc
Fundraising Events
Other Income
Grants
Surplus on Sale of Property
EXPENDITURE
Parish Share
Staff Salaries, Pensions & Expenses
Charitable Donations
Heating Oil, Electric & Water
Insurance
Maintenance & Repairs
Administration, Phone, Printing & Post
Fundraising & Campaign Expenses
Examination Fee
Other Costs
Visiting Speakers
Vicarage and Incumbent Expenses
Miscellaneous Expenses
SURPLUS OR DEFICIT
Funds transfer
Transfer - Sale Curate' s House
Gains/Loss on Investment assets
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 2024
2023
Unrestricted
Restricted
Endowment
Total
Total
£74,655
£0
£0
£74,655
£78,687
£36,829
£3,648
£0
£40,477
£49,304
£24,542
£538
£0
£25,080
£22,058
£14,892
£0
£0
£14,892
£12,396
£4,250
£0
£0
£4,250
£4,250
£15,908
-£100
£0
£15,808
£18,947
£19,836
£79
£0
£19,915
£19,912
£4,661
£83
£0
£4,744
£6,327
£10,506
£0
£0
£10,506
£11,609
7,119
£0
£0
£7,119
£1,829
£22,000
£0
£0
£22,000
£0
£0
£0
£0
£0
£0
£235,198
£4,249
£0
£239,447
£225,319
2023
0
Unrestricted
Restricted
Endowment
Total
Total
£136,719
£0
£0
£136,719
£130,209
£64,867
£0
£0
£64,867
£65,476
£350
£3,010
£0
£3,360
£1,598
£1,816
£1,325
£0
£3,141
£9,501
£6,887
£0
£0
£6,887
£6,614
£10,801
£0
£0
£10,801
£5,263
£12,084
£0
£0
£12,084
£7,205
£3,489
£0
£0
£3,489
£2,962
£2,040
£0
£0
£2,040
£2,220
£6,759
£0
£0
£6,759
£8,146
£640
£0
£0
£640
£250
£1,723
£0
£0
£1,723
£0
£12
£0
£0
£12
£0
£248,187
£4,335
£0
£252,522
£239,444
-£12,989
-£86
£0
-£13,074
-£14,125
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£8,933
£8,933
£37,947
£125,572
£58,406
£386,936
£570,914
£547,091
£112,583
£58,320
£395,869
£566,772
£570,913

24

ST MARY'S ALVERSTOKE PCC - UNCONSOLIDATED

BALANCE SHEET AS AT 31ST DECEMBER 2024

FIXED ASSETS
M Fereday Bequest Fund
G Hunt Fund
Privett Place Fund
Privett Place Fund
CURRENT ASSETS
Short Term Deposits
Main Lloyds Current Account
Shaping the Future Lloyds Account
32 Days Notice Lloyds Account
Lloyds 30 day current
CCLA Deposit Account 1454D
CCLA Deposit Account 7001D
Families Minister Lloyds Current Acc
Debtors & Prepayments
Stock
Sub-Fund Bank Accounts
Sailing Club Reserve Account
Sailing Club Current Account
Choir Fund Current Account
Choir Fund Reserve Account
Flower Fund
CURRENT LIABILITIES
Accounts Payable
Agency Collections
Pence Rounding Adjustment
NET ASSETS
REPRESENTED BY FUNDS
Unrestricted & Designated
Restricted
Endowment
TOTAL FUNDS		 2024
2023
Unrestricted
Restricted
Endowment
Total
Total
£0
£0
£317,652
£317,652
£310,544
£0
£0
£38,453
£38,453
£37,593
£0
£0
£28,912
£28,912
£28,265
£0
£0
£10,852
£10,852
£10,534
£0
£0
£395,869
£395,869
£386,936
2024
2023
Unrestricted
Restricted
Endowment
Total
Total
£14,560
£8,785
£0
£23,345
£36,580
£19,609
£2,339
£0
£21,948
£27,025
£62,223
£0
£0
£62,223
£60,768
£1
£0
£0
£1
£0
£0
£42,367
£0
£42,367
£42,367
£200
£0
£0
£200
£190
£0
£0
£0
£0
£0
£5,770
£224
£0
£5,994
£1,373
£564
£0
£0
£564
£564
£11,092
£0
£0
£11,092
£10,933
£690
£0
£0
£690
£1,570
£0
£2,188
£0
£2,188
£2,533
£0
£2,064
£0
£2,064
£2,033
£0
£352
£0
£352
£760
£114,708
£58,320
£0
£173,028
£186,696
£2,040
£0
£0
£2,040
£2,337
£86
£0
£0
£86
£382
-£1
£0
£0
-£1
£1
£2,125
£0
£0
£2,125
£2,719
£112,583
£58,320
£395,869
£566,772
570,913
£
£112,583
£0
£0
£112,583
134,862
£
£0
£58,320
£0
£58,320
58,406
£
£0
£0
£395,869
£395,869
377,645
£
£112,583
£58,320
£395,869
£566,772
570,913
£

25

ST FAITHS UNRESTRICTED FUNDS

INCOME
Donations
Letting Fees
Other Income
EXPENDITURE
Cleaning
Routine Upkeep
Expenses for Services
Insurance
Power
Parish Share
Gardening Services
Repairs & Improvements
St Faiths Hub/FoodBank
Events
Other Expenditure
SURPLUS/DEFICIT
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
BALANCE SHEET
Fixed Assets
Bank & Cash Balances
Debtors		 2024
£16,535
£3,000
£889
£20,424
£1,371
£180
£123
£730
£3,183
£750
£885
£946
£2,453
£1,129
£3,783
£15,533
£4,891
£13,324
£18,215
2024
£0
£18,215
£0
£18,215		 2023
£12,218
£3,297
£4,392
£19,907
£876
£42
£161
£717
£2,929
£0
£1,114
£4,318
£0
£0
£3,183
£13,340
£6,567
£6,757
£13,324
2023
£0
£13,324
£0
£13,324

26

ST FRANCIS

INCOME
Donations & Events
Letting Fees
Other Income
EXPENDITURE
Cleaners Wages
Maintenance & Repairs
Insurance
Power
Parish Share Contribution
Other Expenditure
SURPLUS/DEFICIT
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
BALANCE SHEET
Fixed Assets
Current Assets
Liabilities		 UNRESTRICTEDRESTRICTED
TOTAL
FUNDS
TOTAL
FUNDS
FUNDS
FUNDS
2024
2023
£10,043
£0
£10,043
£9,368
£1,946
£0
£1,946
£1,066
£130
£160
£290
£288
£12,119
£160
£12,279
£10,722
£927
£0
£927
£838
£1,529
£0
£1,529
£1,155
£535
£0
£535
£427
£2,068
£0
£2,068
£2,070
£4,410
£0
£4,410
£4,200
£2,267
£0
£2,267
£874
£11,736
£0
£11,736
£9,564
£383
£160
£543
£1,158
£8,068
£4,359
£12,427
£11,269
£8,451
£4,519
£12,969
£12,427
£0.00
£0.00
£0.00
£0.00
£8,450
£4,519
£12,969
£12,427
£0.00
£0.00
£0.00
£0.00
£8,450
£4,519
£12,969
£12,427

27

PARISH CENTRE

INCOME
Donations
COVID Grants
Letting Fees
Fundraising Events
Other Income
Interest
EXPENDITURE
Cleaners Wages
Routine Upkeep
Water Supplies
Insurance
Electric & Gas
Gardening Services
Repairs
Waste Disposal
Admin Costs to PCC
Parish Share Contribution
Other Expenditure
Pest Control
Facilities Contribution
Fundraising Expenses
Architects Fees
Specialists Fees
Other Expenses
Planning Fees
Capital Grant Fundraising
Building Contractor
SURPLUS/DEFICIT
Gains/Loss on Investment assets
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
BALANCE SHEET
Fixed Assets
Current Assets
Liabilities		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2023
£2,494
£27,410
£29,904
£12,192
£0
£0
£0
£500
£19,813
£0
£19,813
£14,882
£1,643
£8,395
£10,038
£15,359
£1,797
£632
£2,429
£3,125
£0
£9,985
£9,985
£5,463
£25,747
£46,422
£72,169
£51,521
£5,804
£0
£5,804
£5,293
£1,483
£0
£1,483
£1,789
£604
£0
£604
£846
£1,889
£0
£1,889
£2,022
£4,019
£0
£4,019
£3,342
£224
£0
£224
£1,195
£892
£0
£892
£1,150
£838
£0
£838
£1,501
£3,202
£0
£3,202
£3,017
£1,273
£0
£1,273
£1,232
£1,487
£0
£1,487
£2,374
£0
£0
£0
£521
£995
£0
£995
£1,000
£279
£2,422
£2,701
£3,127
£0
£3,255
£3,255
£414
£0
£6,457
£6,457
£13,463
£0
£3,691
£3,691
£3,540
£0
£2,188
£2,188
£0
£0
£0
£0
£3,200
£0
£1,056
£1,056
£0
£22,989
£19,069
£42,058
£49,026
£2,758
£27,353
£30,111
£2,495
£0
£0
£0
£0
£108,836
£334,990
£443,826
£441,331
£111,594
£362,343
£473,937
£443,826
£100,000
£0
£100,000
£100,000
£11,594
£362,343
£373,937
£343,826
£0
£0
£0
£0
£111,594
£362,343
£473,937
£443,826

28

BRODRICK HALL UNRESTRICTED FUNDS

INCOME
Donations
Letting Fees
Grant
EXPENDITURE
Cleaning & Maintenance
Routine Upkeep & Improvements
Insurance
Lighting & Heating
Parish Share & PCC Contributions
Other Expenditure
SURPLUS/DEFICIT
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
BALANCE SHEET
Fixed Assets
Current Assets
Bank & Cash Balances
Debtors
Liabilities		 2024
£120
£15,657
£24
£15,801
£1,909
£3,636
£1,317
£5,588
£3,743
£845
£17,038
-£1,237
£114,647
£113,410
£100,000
£0
£13,410
£0
£0
£113,410		 2023
£120
£19,147
£1,000
£20,267
£4,554
£3,580
£1,795
£8,642
£850
£20
£19,441
£826
£113,821
£114,647
£100,000
£14,647
£0
£0
£114,647

29

ORGAN FUND RESTRICTED FUNDS

INCOME
Donations
Concerts
EXPENDITURE
Guest Organists
Repairs
Other Expenditure
SURPLUS/DEFICIT
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
BALANCE SHEET
Fixed Assets
Current Assets
Bank & Cash Balances
Debtors
Liabilities		 2024
£195
£1,459
£1,654
£1,300
£3,426
£91
£4,817
-£3,163
£8,246
£5,083
£0
£5,083
£0
£0
£5,083		 2023
£3,422
£1,091
£4,513
£1,080
£420
£233
£1,733
£2,780
£5,466
£8,246
£0
£8,246
£0
£0
£8,246

30