PAROCHIAL CHURCH COUNCIL OFTHE ECCLF.SIASTICAL PARISH OF ST JOHN THE BAvfisT. BURFORD Chariiy number: 1130342 Annual reTM)rt and accounis- Year ended 31 December 2024 INDEX ReTM)rt of ihe Trusiees and General Inforn)o1ion Independent Auditor's Report to the Trusiees 10 Siai¢ment of Financial Aciiviti¢5 Bala￿¢ Sheel Noies io Accounts PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAvfisT, BURFORD REPORT OFTHE TRUSTEES ror the year ended 31 De¢ember 2024 The trustee5 present their annual report and financial statements of the charity for ihe year ended 31 December ?024. The financial statements have been prepared in accordance u iih Accouniingand Rewrting by Charitie5'. Staiem¢nt of Recommended Practice applicable io Chariiies preparing their accounts in accordance with the Finan¢ial Reponing Siandard applicable in ihe UK and Republic of Ireland IFRS 10?) (effeciive l January 20191_ (Charilies SORP {FRS 10?11. the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Aci 2011. The charity's full name 15 The Parochial Church Council of the Ecclesiaslical Parish of Si John the Baptist, Burford. bui it is generdll>' known a5 the Parochial Church Council of St. John ihe Bapiisi. Burford. which is the name used in ihese financial statements. Aim and purposes The Parochial Chuwh Council IPCCI ha5 the responsibility of cooperating ￿1th ihe incumbeni in promoting in (he ec¢lesiasii¢al parish. the whole mission of ihe Church. pasiordl. evangelistic, s(Kial and ecumenical. The PCC is also specificall). responsible for the mainienance of ihe Parish Church of St. John ihe Bapiisi. Burford and ol'the Warwick Hall. Objectives 4nd Activities The activities undertaken by the church in ihe year include offering a number of chur¢h services. children's and vouth g?roup ministry. home groups. praver partnership5. Outreach minisiries. Courses on ma￿lage. parenting and discipleship. together wilh evenis which have brought the local church and community togeiher. The church blives around l ? 511/• of giving io ihe church away. mainly ihrough grants overseen by the Mission Commiiiee. We se¢k io develop deep relationships wilh selected mission partners to suppon ihem wilh prayer. time and money. Our mission partners are engaged in a diverse range of ministries at local. nati()nal and iniemaiional level. Aehievemenls and Performance During 2024 the number ol-adults aiiending morning? services rose bv 7•/0 and a regular Sunday evening service was siarted. Sern)on series included Ha￿al. Mark. Aci$ 1-2. Daniel and James. The church's ivork with children and young people is vibranl and take5 place mosily on Sundavs. Tl'pically the chU￿h engages with 70 children and young people each ￿eek. Communily aciiviiies included iveekly coffee momingFs. parent and bab)lioddler groups. an activit). club for ihe elderli. ond an all-age Christmas lunch. Th¢ church building and Warwick Hall offer atiraciive venues for a great variety of aciiviiies. including? Burford Primary School end of year and Christmas c¢l¢bralion service5. Burford School art shows and concerts. and m¢ciin8 spaces for a wide range ol'¢ommunit)' ans. culiural and fitness activilies. Meeting rooms are booked by a rangje of local charitie5 And organisaiions. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAFflST. BURFORD REPORT OF THE TRUSTEES for tbe year ended 31 December 2024 (Continued) Investment Poli and Performance The PCC has de¢id¢d that the money Tnaking up ihe Fabric and Equipment Fund should be invested in long terni. low Tisk, income-producing a55els iiith a vieiv io mainiaining capital and using the income for the repair and maintenance of lis buildings and equipment. To this end investments have been made in: a resideniial property in Burford: and share5 in the CBF Church of England Inveslmeni Fund The iotal annual incorne available from ihese investments for the repair and maintenance of ihe buildings and equipm¢ni in 2024 was £24.9721?0*3 - £23.3701. In making ihese investments the charity has taken inio x¢ount the ethical basis on which money is invesied by the CBF Church of England Investmeni Fund. Fin#ncig1 Review General Fund Thi5 fund is for the day lo day running and mission of ihe church and includes income and expLnditure for the Wanlick Flall. Ai 31 December 20?4 £193k was held in the General Fund. £3k liigpher than ai the start of the year. Tumover in the General Fund ivas around £390k for Ihe )'ear ￿Eth Inembers of the congFrebJation and vi51tOTS givinbi £?84k lincluding bjift aid recovery). or Ihe e.Ipendilure. £34k was b?iven for mission and chariiable work. Fabr1¢ Fund This fund, originaling from various legacies. is designaied for ihe repair and mainienance of ihe buildingys and equipment of the church and hall. Ai 31 December ?0?4 £8*Ok was held in the Fabric Fund. invesied in various ways. This 15 £7?k lower ihan ai the start of ihe vear as a result ofrepair and improveinent cosi to ihe church and hall being in excess of ih¢ rise in ihe value of investm¢nis during Ihe vear. £53k was spent on purchasing and installingi radiani healers in ihe church. Re5erve5 P li It 15 PCC policy ¢0 lry. to maintain a balance in ihe Generdl Fund ￿h]ch equai¢s lo ai least ihree months unrestricted pa)'menis. This is equivaleni io beiileen £80k and £ I Ook. li 15 held io $M￿)lh out flucluaiions in cash flow and io meet emerb¥encie5. At ihe l'ear end general reserves exceeded ihe level required by the policy the value of the General Fund was £193k. li is planned io use these reserves for the mission of the church with particular con5ideraiion given to outreach and pa510ral suppon ￿'ithIn the ¢hur¢h and wider community. The Fabric Fund is invested io provide an income io meei regular costs of repair and mainlenance. Where thi5 incoine is not adequate to cover all regular repair and mainienance. or where ihere are one off fabric costs. this is mei bv disinvesling from ihe Fabric Fund. Risk Man ement The PCC recog?ni5es its ressx)nsibilities for managJingT risk and mainlains a deiailed Risk Register. Risks are identified. assessed and conirols esthbli5hed throughout the vear. ￿1th a fomial review of the Risk Register undertaken on an annual basis. Risk is managied under the follo￿L￿g six ¢ategories- Safeguardin Reputational. Operational, Financial. Governance and BuildingslFabric risks. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST, BURFORD REPORT OFTHE TRUSTEES Cor tbe year ended 31 December 2024 {rontiDu¢d) Volunteers The PCC appreciates thai the work of St John's is hugely dependeni upon ihe contribulion of volunteer5 and wishes lo record ils thanks lo all ￿'hO offer iheir lime and ialents. Safe uardin The PLC has a Safeguarding Polic}. and has apFrf)inled a Safeguarding 0￿](tr ￿.hO acts as the focal point for COJJLems. All staff and volunteers ￿OrkIng with children and vulnerable adults are recruited u5in&' Safer Recruiimeni principles and are checked iviih Ihe Disc105ure Barring Service. All ¢lergs1 siaff. volunieers and trustees undenak¢ the required Diocesan Safeguarding irnining. The Trusiees have approved a Safegyuarding Action Plan which is reviewed annually. Fundraisin The PCC is committed io high siaThlards wilh regard to fundrai5inby aciivity and has complied with all law5 relaiing> to charities and lundraisinb. We are clear. honesi and open aboui our activities and fund raising re4uirem¢nis. We are res￿¢¢ful iowards all suptKbrters. and wilh the ￿Ork carried oui io meet GDPR regiulaiions have recogTnised our strong procedures M'iih rebards io fundraising* infornialion securily. The PCC received no complainis about its fundrdising aciiviiies during 2024. Funds are raised primarily through donations from church members and visiioTS io ihe Church. A smaller amount 15 raised from lelling rooms in ihe W8rwi¢k Hall. The PCC does noi employ any professional fundraisers or use commercial participaiors nor do we cold call members of the public. The PCC h&$ noi Signed up io any voluntary fundraising scheme or siandards. Structure Governthnce and Mana ement The charil) is giovemed by the PCC. which consists ofaround fiflttn members plus clergy licensed to the church. who serve on the PCC ex-officio. All members of Ihe PCC are trustees of ihe charity. The PCC meet5 at least six times a year. In addition a Sianding Commiii¢e meets lo consider mailers arising beiween PCC meeiings. Other s￿la1151 sub¢ommiiiees support the ￿'ork of the PCC. includinbl the Manag7emeni Committee. Ihe Finance Commitiee. Ihe Fabric Committee and the Mission Committee. PCC members are elected by vole ai th¢ Annual Parochial Church Mttting IAPCMI by members of the electOTal roll who are present at ihe meeting and in accordan¢e wilh Church Representation Rules. PCC members normally serye for a period of ihree years. The charily 15 affiliated to the Church of England. and as a result has represeniaiive5 silling on the local deanery and. potentially. diocese commiitees. Public benefit The trustees confim ihai ihe) have complied M iih the requirements of se¢iion 4 of the Charilies Aci 201 I to have due regard to the public benefit guidance published bv the Charity Commission for England and Wales. PAROCHIAL CHURCH COUNCIL OF ￿ JOHN THE BAPTIST. BURFORD REPORT OF THE TRUSTEES for the year ended 31 De¢¢mber 2024 (continued) Reference #nd Administrative Inforni*tion Trwstees The folloi¥ing trnstees have served during the Year for ihe dates shown.. Rev T Putt Rev T Adams (from 18111124) Mr C Hunier Sman Mrs K OalTidge Mr A Lord Mrs P HLtgThes Mr A Salsbury Mrs J Barham Mr S Brewitt-Taylor Mrs L Peira Mrs R Reavlev Mr A Butcher Mr P White MrK Rillie Rev C Reavlev Mr M Thompson Mr R Emerson MrMG¢¢ Tru51ees are eiiher ex-ofticio. cfropied or elected by the Annual Parochial chU￿h Meeting IAPCM) in accordance wilh ihe Church Represeniaiion Rules. ChArity' Regislratlon Number: 1130342 Prin¢ip81 Office: Si John ihe Baptist Church. Church Green. Burford. OX18 4R Y Auditors: Just Audit & Assuran¢¢ Ltd. 37 Markd Square. Wiiney. Oxon. OX28 6RE Bankers: CAF Bank Ltd. 25 Kin￿ Hill A Yenue. Wesi Mallin& Kent. An addilional accouni is held with TSB. Investment M8nagers: CCLA Invesimeni Manag?emeni Limited. Senator House. 8$ Queen Vicioria Sireet, London. EC4V 4L T. CCLA Invesimeni Management Limiied is auihorised and reb¥ulaied by the Financial Conduct Auihority. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST. BURFORD REPORT OFTHE TRUSTEES for the year ended 31 December 2024 (conlinued) Re5 onsibilities of the Trustees The tTusiees are responsible for preparing ihe Annual Report and ihe financial statements in ac¢ordan¢e w'ith general applicable law and United Kingdom Accouniing Siandards (Uniied Kingdom Genernlly Accepted Accounting? Praeticel. The applicable io chariiies in England and Wales require5 the irusiees io prepare financial statements for each financial y¢ar which give a irue and fair Vie￿ of the slate of affairs of ihe chariiv and of ihe incoining resources and application of resources of th¢ charity for ihat ￿riod. In preparing ihese financial staiemenls the trusiees are required io.. sel¢¢t suitable accounting policies and then apply them consisienily: observe the meihods and principles in ihe Chariiies SORP: make judgTrem¢nis and esiimates that ate reasonable and prLbdeni- slate wheiher applicable UK accountingp standards have been followed. subject to any material departures disclosed in the financial 5th1ements,' and prepare the financial staiemenis on a ¥oing-concem basis unless it is inappropriate io presume ihai ihe church will continue to operate. The trustees are responsible for keeping proper accouniinby records thai disclose with reasonable accuracy ai any iinie tlie financial position of the charil>' and enable ihem io ensure thai lh¢ financial stalemenls coinply with the Charilies Act ?0 I l and the applicable Charities (Accounis and Re￿)n$} Regulations. They are also r¢sponsible for safebyuardingi ihe assets of the charity and hence for iakinb) reasonable sieps for the prevenlion and detection of fraud and other irregularities. The irusiees are responsible lor the mainlenance and inlegrity of the ¢h&riiy and financial information included on ihe chariiv's website. Legislation in the United Kingdom governing Ihe preparation and disseminaiion ol. financial siaiements may differ from legislation in other juri5di¢iions. Approved by ihe trusiees on 17 Mar¢h 2025 and signed on their behalf by: Tom Putt (Chair of m¢eling) PAROCHIAL CHURCH COUYCIL OF ST JOHN THE BAvfisT, BURFORD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Opinion We have audited the financial statewwtents of The Parochial Church Council of St John lh¢ Baptist. Burford (the '¢harii> I tor the year ended i I" December 20?4. ￿hICh comprise ihe Stateynent of Financial Activities. Balance Sheet. and Notes to the Financial Statemenis. in¢luding a summary. of significani a¢¢ouniing policies. The financial reporting fram¢work thai has been applied in iheir preparation is United Kingdom Accouniing Standards. comprising Chariiies SORP- FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law (United Kingdom Generally Accepied Accounting Prnctice). In our opinion the financial statemenls- give a Irue and fair view of ihe stale of the charit% s alTairs as ai 31" December ?0?4 and of it5 incoming resources and applicaiion of resources. including its income and expenditure. for the year then ended- have been properly prepared in accordance wilh Uniied Kingdom Generally Accewed Accountin Practice: and have been prepared in accordance wilh ihe requirem¢nls of the Chariiies Aci 2011. Bg5is for opinio We conducted our audit in accordance with Iniemaiional Standards on Auditing. IUKI I ISAS l UKII aiid applicabl¢18w. Our responsibilities under those siandards are further de￿ribed in ihe audiior responsibilities for (he audil of lh¢ financial slatements seclion of our repon. We are independent of the charilv in accordance with ihe eihical r¢quir¢menis ihal are relevani to our audit of ihe financial siaiements in the UK. includin¥ ihe FRC'S Ethical S¢aiidard. and M'¢ have fulfilled OUT Other ethical responsibiliiies in accordance wilh Ihese requiremenis. We believe ihai Ihe audit evidence we have obiained is sulTici¢nt and appropriale to provide a basis for our opinion. Conclusions relatiThg to goin% conter In audiling ihe financial siai¢m¢nls. we have concluded thai ihe iruslees use of ihe going concern basis of accounting in ihe preparaiion of the financial slalements is appropriaie. Based on the work we have performed. h8v¢ nol identified any malerial uncenainlies relating to events or conditions that. individuall). or colleciiv¢lv. may casi significanl doubt on ihe chariiy's abilitv to conlinue as a gFoinb) concern for a period of ai leasi iwelve monihs from when ihe ori¥inal fisw?cial siaiements were auihorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are de￿rTrbed in the relevant 5eciions of this report. PAROCHIAL CHURCH COtiNCIL OF ST JOHli THE BAFfisT, BIIRFORD INDEPENDENT AUDITOR'S REPORT TO THE TRiiSTEES Other information I'he tnistees ar¢ responsible for the oiher tnfom7ation. The ￿h¢r infonnation comprises ihe inforniation included in the annual report. other than the financial statements and our audilor s report ihereon. Our opinion on the financial statem¢nis does not cover ihe oiher information and. except io the exteni oihenvise explicitly siaied in our rep)rt. we do noi express an), forwll of assurance conclusion thereon. In conne¢lion w'iih our audit of the financial siaiement5. our r¢s￿nSibl111V is io read the other infom)aiion and. in doing so. consider wheiher the other inforniaiion is malerially inconsislent M'ith ihe financial statement5 or our knowledgye obiain¢d in the audit or oiheN'ise appears lo be maieriall!, misstaied. If we identify such material inconsistencies or apparent malerial missiaiements. we are required to determine whether tliere is a maierial mi551atemeni in lh¢ financial statemenis or a material mi851hiement of ihe other inforniaiion. If. based on ihe work we have perforn)ed. we conclude ihai ihere is a maierial misstsiement of this oiher infornialion, we are required to report ihai fact. W¢ have nothing 10 report in this regard. MAtten on whlch we are required ¢0 report b). exception In the light of our knoM.ledgTre and understanding of lh¢ charity and lis environmeni obtained in the course ol. Ihe audit. we have noi ideniified material missiatemenis in the Truslees, Repon. We have noihinby io report in respeci of the follo￿]ng mailers ilhere ihe Chariiies Act 2011 requires us lo report to >'ou if. in our opinion.. adequale accouniin¥ records have noi been kepi. or reiurns adequaie for our audit have not been received Irom branches noi visited by us; or Ihe financial siatemenls are noi in a¥Tre¢ment with ihe accounting records and reiurns: or ceriain disclosures olirusiees remuneraiion specified by law are noi made: or '¢ have nol received all the infom]alion and explanaiions we require for our audit. Responslblllties of trustees As explained more lully in the Statemeni of Trusi¢es' ResN)nsibiliiies Isel out on page 5). the trustee5 are responsible for the preparaiion of the financial 5taiem¢nis and for being satisfied thal they &yive a true and fair view. and lor such internal control as Ihe trusiees detern)ine is necessary io enable the preparaiion of financial stalemenis that are free from material misstatement. wheiher due lo fraud or error. In preparing ihe financial statements. Ihe trustees aTe responsible for &ssessing the charity's ability to continue as a going con¢¢rn. disclosing. as appli¢able. matters relaied io going concem and usinbv the going concern basi5 of accouniinb) unless the tru5tee5 eiiher iniend to liquidaie ihe charity or lo ¢eas¢ operdlion& or have no realistic alternative bul to do 50. PAROCHIAL CHURCH COUNCIL OF STJOHN THE BAVTIST. BURFORD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Auditor Responsibilities for the audit ofthe fin*nrial $¢•t¢ments Oiir objeciives are io obtain reasonable assurance about Mhether the financial statemenls as a whole are free from mai¢rial missidiemeni. whether due to fraud or error. and io issue an Judiior's report that includes our opinion. Reasonable assurance is a high level of assurance. bui is not a guaraniee that an audit conducted in accordance with ISAS IUKI will always detecl a maierial misstaiement iihen it e.xisis. Misstsiemeiits can arise from fraud or e￿or and are considered material if. individualli or in ihe aggregate, Ihe!. could reasonablv be exp¢cled to influence ihe economic decisions of users taken on ihe basis ofihese financial staiements. The exieni io ivhich our procedures are capable of dei¢¢iing irregularilies. including fraud is detailed below.. Our assessmeni focused on kev laws and regulations the charitv has io ¢ompl!' with and areas of ihe rinancial statements we assessed as being more susceplible lo missthiemeni. These ke) laws and regulaiions included bui were noi limiied io compliance wilh ihe Charities Aci 201 l. Uniied Kingdom Generally Accepied Accouniing Pr8¢tice and relevani legislaiion. We are noi responsible for preventing irregularilies. Our approach to detecl irregulariiies included. but was not limiied io. the following: • obtaining an understandinb of ihe charity's w)licies and pr(KedUr￿ and ho￿ ihe Charity has complied wilh Ihese. IhrougFh discussion5 and sample iesling of control5. obiaining an underbtanding of ihe legal and regulaiory framework applicable lo ihe charity and how the chariiy is compli'ing with ihai framework: • an understaiidinbF ol. the charilv's risk" assessment process. including Ihe risk of fraud; desi¥rningy our audii procedures lo respond io our risk &ssessment: and perftirn)inb audit M'ork over the ri5K of management override of conlrols includinb? iesiing of journal eniries and other adjusim¢nis for appropTiatene55. evaluating ihe business rniionale of signilicanl transactions outsidc ihe nom)al course of business and reviewinbi esiimaies for bias. Whi151 considering ho￿ our audii thork. addressed ihe deie¢iion of irreb7ularilies. we also consider the likelihi)od of delcclion based on our approach. ]￿e￿IVIar7EjCs arising froni fraud are inherenily more difficult lo detect Ihan ihose arising from error. Because of the inherent limiialions of an audit. there is a risk ihal we will not deieci all irregularilie5, including> those leading lo a material misstatement in the financial siaiemenls or non-compliance M'iih reg7ulalion. Thi5 risk increases ihe more ihat compliance wilh a law or regulation 15 removed from lh¢ ¢vents and transactions reflected in ihe fina￿la1 statemenls. as we ￿111 be less likel!, to become aiwar¢ of inslances of non-compliance. The risk is 0150 greater regarding irregularities occurring due to fraud rather than error. as fraud involve5 inteniional concealment. forgery, collusion. omission. or misrepresentaiion. A further d¢scripiion of our responsibililies is ai'ailable on ihe Finan¢ial Reporling Council'5 websi1¢ ai.. www.frc.org.uklaudilotsre5ponsibililies. This descripiion fornis part of our 3udiior s report. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAvfisT, BIIRFORD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Use of our report This report is mad¢ solely to the charii). irusiees. as a body. in accordance ivith section 144 of ihe Charities Act 201 l and regyvlaiions made under se¢iion 154 of ihat Act. Our work h&s been undertaken so that we might slate io the Irusiees ihose Matters we are required io slate to trusiees in an audilors, rep)rt and for no other purpose. To the lullesi ¢.xteni pemiitted by law. we do nol accept or assume responsibilily io anvone oiher Ihan the charity and its irusiees as a bod).. for our audit M'ork.. for this repon. or for ihe opinions w¢ have formed. U5sell FCA Isenior Sialiiior>' Auditor} and on behalf of Jus1 Aiidii &. Assurdnce Lid. Siaiuiory Auditor 7 Market Square Wi¢ney Oxfordshire OX28 6RE Date Ju51 Audil & Assurance Lid is eligible for appoinimeni as auditor ofthe charity by virtue of ils eligTibiliiy for appointment as auditor of a company under section 1212 of ihe Companies Aci ?006. P.4RO(-IIL.IL C'III'RC'H C'OI'%CII. 0Tr'5TJUH% nifr.. B.4PTi%f. Bl"RFORD Nu¢ I"*rrsIrlt￿ DzJ*a•i¢d Reslrkltd T•thl 2024 INI￿110￿￿￿O legi￿1¢5 ?83.frAX) 31.J6J 71.710 JJ30 8.(K)3 434.2%4 Jl.563 67.6$11 14.97? ¥.30? JW.274 l.(X)3 .57? .IpeMdlltsYtIl#'. 317.717 115.$67 i.oji 4éA.479 317.717 51?Jl 4thb.lJ9 jet I￿￿rn¢ • Ini￿lment 2.$0* 102.13.1 58.8U4 170,1941 Kr¢￿ellI￿11Ol of l¥pdJ 5.038.IM2 5233.7 5.072.$23 19*5•1 4.YbS.414 5.103.5t** All Incon*aTrJ eX￿￿j11￿YederIbe5 (r(xM￿)M1NM11f1￿thKs. P.4RO('HI.11. C'III"RC'H <'OI"NC'II. Ob" SYJOII% TIIE B.4vfisT. BI RTrORD B*l*•¢t Sknl Is at 31 Ikcunkn2024 Nott l •rt5tritied iknixwal¢d ￿t￿rie1cd Tolal 101*1 2024 2023 laTr¥ihl¢ ass¢ts 4.119.MTr3 8.110 4.9h7.713 4.119.td)3 973.88 £.093.483 4.119.6U3 963.fllg 4.082.022 14 125.770 1?5.770 (.￿rr¢ThI *yJeii Ik.l*thrs C3¥h al *rtd in htyj 3222 71.635 3.222 76.448 3.942 IJO.916 16 4.512 1.01*1 C'urrelll.4$ytli 74.857 4.812 79.670 l'rn'dliiy￿ lullin8 du¢ uiihin year 7.717 9.187 3.72D ¢1 I'￿TreAt A%xels th7.0Tr) 11.799 4.812 7(J.083 fl 1¥1.840 4.464 914 4.812 8253.760 'hf ofik¢ I'b*rlty: KL%ifiLILd inLLinK luNI% 4.812 4.112 1.440 5.038.lJ42 14NI 271 4.963.914 Ilnr¥%iri¥S¥J I*Ko￿. lunds IY2.B4 19•.8411 'Ipi*l 192.84U 4.961 914 4.812 lJ33.7f)O ierrKn15 ￿￿*￿pPro￿¢d h ihe LI￿￿¢h CtMwiIM 17 Mafth 202% Iud 5iBrtd lis b¢￿irbi,. Tiim Puli IC-huiT 01Th￿l￿1> philip￿114￿$ 'tThe 12 10 11 f￿rn of IhE5e ribw*EI￿ sw¢rynts. 12. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAPTIST, BURFORD NOTES TO THE ACCOUNTS for the year ended 31 December 2024 Aceovnting Policies Statement of ¢ompliance The financial stai¢menls have been prepared in accordance ii'ith Accouniing and Reporting by Charilies.. Statemeni ol- Recommended Praciice applicable io Charities preparing their accounls in accordance ￿7th ihe Financial RepoTlingy Siandard applicable in ihe UK and Republic of Ireland IFRS l Ofji (effective l January. ?0191 . (Charilies SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I O?} and the Chariii¢s Act 10 I i. Basis of preparatio The PCC m¢eis the definilion of a public ￿ner]I eniiiy under FRS102. The financial statemenis have been prepared under the historical cosi convenlion iiiih iiems recognised ai cosl or transaction value unless otherwise siaied in the relevani noidsl io these financial siaiements. Going eoncern 1.he iruslees consider ihal there are no maierial uncertainiies a￿ul ihe charity's abiliry io conlinue as a going concern. Income Recognitlon All ii)comL is reLob>nised once lh¢ ¢harity has eniiilement to the income. there is sufficieni certainly or re¢eipi and so il is probable ihat the income will be r¢ceived. and ihe amount of income receivable can k measured reliably. Legyacy gills are recog?nised on a case by case ba515 follo￿.ing ihe gyraniinbi of probate when ihe administraior/¢xecuior for the esiaie has communicaied in wriiing boih ihe amount and setilem¢ni dale. In tl)e eveni thai a gift is in ihe fom) of an assei oiher ihan cash or a financial asset traded on a recogyni5ed s¢o¢k ¢.xchangye. recogynition is subject io Ihe walue of the giift beinbTr measurable with a degree of rea50nabl¢ accurac). and ihe iiile lo the a55ei h&$ been transferred io ihe charily. Grants and donaiions are only included when the genernl income recognilion criieria are met. Gift Aid receivable is i￿luded in income when there is a valid declardtion from the donor. Any Gift Aid amount recove￿ on a donation is Considered to be part of thai gift and 15 Ir¢aied as an addilion ¢0 the same fund as the initial donalion unless ihe dO[￿r or ihe iernis of ihe appeal have specified oiherwise. tkjnaied services or facililies are recognised as income when the charitv ha5 control over the item. any condilion5 a550ciated with a dorialed iiem have been met. the receipt of economic benefii from th¢ use b). the charity of the iiem is probabl¢ and ihat economi¢ b¢nefil can be measur¢d reliably. On receipi. donated services and facilities are recognised on the basis olthe value of the gift ¢0 the charity which is the amount ihe ¢harily ￿'Ou[d have been willing to pav to obtain services or facilities of equivalent economic benefit on the open morkei: a corresp)￿ling amount is then recognised in expendiiure in the period of receipt. 13. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAIYIST, BURFORD NOTES TO THE ACCOUNTS for the )ear ended 31 December 2024 (Continued) Expendlture All eipenditure is recognised once ihere is a legal or consiructive obligation io ihal expendilure. li is probable settlemeni is required and the amount can be measured reliably. All cosis are allocated io ih¢ applicable expKnditure headinbi ihai aggregate similar costs to that category. Where costs cannot b¢ directlN' attributed io particular headings ihe!, have IKen allocaied on <1 basis consisient wilh ihe use of resources. All ex￿nditUre is accounied for on an accruals basis. All resources e¥pended are inclusive of irrecoverable VA T. F￿nd accounting Unrestricted lunds are available to spend on activities ihai further any of the purposes of the Charily. Designaied fund5 are unresiricied funds of ihe Charil) ￿h1¢h ihe truslees have decided at their discreiion lo set aside io us¢ for a specific purw)se. Restri¢ied funds are donations whicli the donor has specified are to be Solel￿ used lor parficular areas of the Chariiv's work or for specilic projecis beinbi undenaken by the Charity. Further deiails of each fund are disclosed in Noie 18. Go>'ernance Support Costs Support costs have been allocated betm'een governance ¢osts and oiher support. Governance costs comprise the cosi of audit. Support cosis are those funclions ihat assisi ihe work of the cl)arity bui do noi direc(l) undertake ¢hariiable activiiies such as salaries of support staff and office costs. These COSIS. S¢t out in noie 7. have been allocaied as expenditure on charitable a¢tivilies. Volunteers The value of any voluntary help received 15 moi included in the xcounts but 15 described in the trustees. annual report. Ttrmlnation benefits Terniinaiion pai menls are payable when employmeni is lemiinaied by the charity before the normal reiirem¢nl date or end of employment conlraci. Termination ¢osis are recogTnis¢d al the earlier of ii.hen the chariTh' can no longer wiihdraw Ih¢ offer of the bcnefiis or when ihe charity recognises an%. related restrucluring cosis. 14. PAROCHIAL CHURCH COUNCIL OF ST JOHN THE BAFfisT. BURFORD NOTES TO THE ACCOUNTS ror the year ended 31 December 2024 (Continued) IDveslmentS Invesim¢nis quoted on a recogynised stock exchange or whose value derives from them are valued ai markei value ai the year end. ￿h¢r invesimenl assels att included at PCC'S besi esiimate of mark'et value Flxed Assets Conseerated and benefice propert).. In so far as Consecrated and benefice propefl). of an), kind is excluded Ironi the siaiLiior)' deliniiion of 'charitv" bi. Seciion l 0(2Kal and Icl of the Charilies Aci 2011 such assets are noi ¢apiialised in the financial siai¢ments. Move*ble ¢hureh furnishings. These are not capitalised as no single iiem is considered material enough io do so. Tangible Ilxed assets for use by eh*rlt)'. These are capitalised if the), can be used for more than one year. and cosi ai leasi £ l O.(W. The). are valued al cosi and depreciated over a period of 4 years. No depreLialion is provided on building5 a5 Ihe ¢urrenil!' estimaled residual value of the properties is not less than their carryin¥ value and ihe remainingk useful life of ihese asseis currentl>, exceed5 50 years. so that any depreciaiion ¢hargo would be immaierial. Debtors and Credllorg Trade and other debiors are recognised at the seiilemeni amount5 due after any irade discount offered. Prepayments are valued ai ihe amouni prepaid after iakin¥ a¢¢ount of an), Irade diKounts due. Crediiors and provisions are re¢ogTnis¢d Mhere ihe charil). has a present obligTaiion resuliing? from past eveni ihai will probably re5uIi in ih¢ transfer offunds lo a ihird party and the &mouni due io settle the oblibbaiion can be measured oresiimaied reliablv. Crediiors and provisions are nornially recogynised at iheir settlement gmount after allowing for any trade discounis due. Short term deposits This is cash held in bank dewbsii accounis. P.IMO('JII..11. C'HI"RC-ii rni"%ClLOTr ST JOI1% TIIF. m4vfisT. BI RTr'OKD OTES TO TIIE.4CCOI'%TS for l&t i"o*Y o•ded 31 Ikctothr 2024 IC•iiinutsl I wr¢slrieted IksiE••ied F¥wdJ Rcsirirted Fw•d5 Tot*1 Total 2024 2023 169.lJ9 48.8J5 16¥.139 4¥.835 ?.953 uiher Pl￿n￿d giiing S[￿cIal cdleciion5 (hh¢r Jon?Iinhs. Iniludill8 smiceed1￿*i￿ (illl aid r¢LO%tyed 37.¥55 3.415 7.95J 44.295 44.345 5.IKMI J.(KK) 4%.4?2 Ciyants 135.IKN) £:¥3.fAM) £x.(x £?99.M)3 J lTh¢omt frorn ¢h•rll•blr Irthlllts ToiAI F¥wds 2024 202J I'.tts(￿cddlNSs. I'unern15 arvj bAOismsl LhurLh un¢J ￿lrL.aLhcIcrtts ('hurLh Ivdll¢ts 5.226 12.W) 457 13.570 1:.31> 457 %77 T'oiAI lTrtomp ehivlt•blt Aeiihltles (31.563 £31.563 I wrrAlrki¢d l)***Mied RNlrlrl Rd 2024 21b13 L'hwLh hir¢0￿ iours 265 •&5 h7.4Y2 I'Di*I intomt oiher If￿•￿8 Kliylll 71.7&% £71.7X6 £67.6Y Rtstrlrltd I'oiAI Fund% 2024 2￿23 DiTridcnJ58nd rrni InieF¢%t on dLy￿1¢s 24.9r2 24.Y72 3.330 23.370 1.14fi 3.J £3.330 £24516 11*5tri¢ied I'oial Tvt*l Trw•d5 2024 2023 co￿80fmands1nB Inve51Me￿ pror•ty' £394 £394 £i.N PASiWHI.41. flll Rlll l-oi %C'II.OFST THE B..IPYIST. BI'RFORD orES TO TJIF..IC-IXJI NTS for ih* ¥e*re*dtd JI Drctrnber2•24 Ic'mtiwl￿ ,IMAlisi$ of t¥ptDditwr¢ th*tltAblt *¢thiiits l •reJiritkd F¥•th DesiR•*t¢d Restrbrftd Tol•l Totil 2024 202J Mission 8ivins a￿] parish shwc ronirihulion YDuih & Lhildr¢rt'S ￿￿k. mroll cthts Youih * Lhildr¥irt's thuk. thhereo45 (-]lY￿ and sthff exrthse5 33.W) (4p.412 34.489 66.942 32. !6.438 1.745 10.466 10.466 1.82 21¥y I1.￿* 3.613 Jlupiisrn. ￿thI1￿8 fuTrE￿ I'hurLh ou1r¢￿h y%¢n IlpkLYP ol 5efs1i¢ ('huiLh brx)ksldll #nj kaflets R¢p411rs and moiniLnQnLY{stt￿￿ Sl %Wl)' In%uTanee 16.744 6.198 7.430 3.613 614 115.567 7.534 157.184 1.207 5.(h12 .378 1207 W&n4iLk Ilull runnityo¢fy%is 81 >.37 h5.9?? 3.720 ¥().6XR UMMJn eosL% nthe ¥} 85.260 85.2fi6 £JA7.717 f115.Xt7 £4A4.479 X b'mrther hrt•kdNbfj Z024 2•23 Y).4a4 45.894 46.316 IYb.J7a 165.9?2 wpporl ('ts%h ial'l.. pujroil 73.?&y 1(1.4119 1.264 2.lJ2 1.4Y> lJ.599 C'iithwirr4%)SLI bank Lhu 333 1%5.2t*J £41.hlB Lhurih- 5mire ¥MITJ¢t5 r<¥￿I￿r rna1nmr￿T Wpn41ik Flall. *riiLeLI)niniitsaThl mairAenonce 15.234 i?.?yo 17.(X18 34.(W• 34.798 L'hurch. oih¢r com5 Wgniick Flall- ¥osty 95.511 27.591 123.102 45.539 11)2,303 Totil £157.184 I￿ 20.74 In"QLh¢y ¢osts' Is £5:.8ixI io itttsll F#wer5 in Iwh Chyl In the I'hurch In ihc 20•3 ￿¢￿niS the StslTcwts vf ¢kanini ￿ Il'aNJL'k Ilall %%u¢slwTr urkl¢¥ RryrswNI rnainwwtt In thr fi8ur¢5 #bD%'e holt been r¢stsied io apfftr ￿￿tr p#.%Th￿l 202J 14lJ47 136.402 4.917 Pensiom l￿￿ts £144.¥72 No t￿￿￿vttS hwj I'%TS tDt ihtie•rewdtd JI Drttmbtr 10241( 10 Sl*tr 2023 Th¢ 8sera8e numbu ahpio)'¢. an! wingout Lnisiees I'ru$iL%' IDd¢rnnil} IllsuTartt prirtttt again￿ Llaimsanwn8 fium ￿PerfO￿nar￿¢ du1￿¥ is IrKI￿ ￿1th]n main L'hurLh In%ur*rtL*' fKTrliL) Ilt 15 M wibk its Jdeniif! ihe CLW iTrJernn)N I￿￿4￿¢ as li Is w of th15 Iw8¢* ￿lCy) I'w51eL% made UncL￿dI110n￿l L¢4llin8 £50 ?95 theiegv IW23 £U.47U 12 PeAsioTry [..nipli￿rys ol'lhe charits Br¢ cni11l￿ i(b Ji)ifJ a defined Iwr¢hH¢" The¢hm 5 Is r¢%TflLieJ lil thL Clmtribwiths Ji¥ll￿ed in ¥ Tkn¢M¢r¢ ￿QuI5￿￿11￿$ ¢rn¥kn. rfs Nempkn..i￿S￿￿IrihVii(￿S ai tht ?¢di ¢nd I'Fr PUILhTr* pl&r• Is monfi¥oJ h. Nl."%l Ihe plon iniy45 njwk. In on Inirsimeni iii build up O%er ik ILYrn ofthL' plpn a fu￿1 I￿<￿p1(Al¢ f¢om thtaBL of 45 Th¢ ithol L'Kp¢nY r4110 ol'the plan 113** ihis Isdedwld fTLYn ihe Inle￿ (￿d ann￿￿. hosrnbl￿bI1lry 13 1'w#¢lhle flxed Wun4*k IiAII ThL ¥uIw iLT**ltd Is hi￿or1e&￿>s1 Nii rnwkth i*lu•Lh￿ h&% kn SLw￿l wd. thE fthji .hind ih¢ ￿lId wisiftd. thellssd 1$ thithin fur¥ts Al Di4wls Llwt In Mllrkd VBI Al In¥isimLni prwi% IS S>lith¢y C ILW) Sh&rL Iifpryn) l?11 (￿f￿d Ri)*1 (111. C'hur¢h ol. F.n8lalld In%e5trneni Fthj 4h2.I¥KI 16.510 474.9 10.phi 4&5.3711 f¢kn3.019 ¥73.N811 )"fve*itr ('knt £4()2 IMMI 1> an Jppmiimuk mBrkd 3 syl￿(1r￿ w ihe*¥no(2024 %%r•reNI SI￿1(1r￿n1 In iulue ihen (￿f￿r0 kuid 'I'hc %harL' ill priiritrty #%%¢¢ repru¢nts I1￿ P("C-5108n its BurfLYd I"OBBT-I io enJblL' lh¥ pufLhdseof?IlOxford R￿. B￿r0rd In Ik¢oKY 2fi1O. w$8inalh cost £)4$ (w IriFK" sold ih¢ PC'L ¥iuuW reLYi¢a 5hw¢or )4n)Dofihe Th¢ M pr(Ke&x15 lywnBrAILula*d as ihe 5￿1<￿ priiy le￿ refwbJ5hm¢ni oilKr I￿L￿rCd ￿ EIEIEIT ThJ5JS50 E5 In¢ltyJLII ￿ (051 ￿lihi￿ d¢si8naknJ asthe P('C ho5 dirffi rthrttrDI ¢he pr(¥th. ot ￿$ salt C.-BTr C'h￿r¢￿ ol Ell8l•nd lllYtJtm*#i fr¥•d InLluJed In ihe unit prir¢ol"thrC'Bk I'hurLh of FnBlwxl Ini*#mtni FuThJ feev(0.55V. Th15 15 reflwd 35 of ihecFAy in annual IBI P,IRO('111.4I. ('III'R(-H C'OI'NC-11. OF ST JOHN THE KIPTIST. BI'RTrORD I)TE5 TO TIIF..4rroi'NIs for ¢h*)**r tided 311)¢¢¢wbtr 2•24 IC'o•ii•w¢d 15 Dtbltsrs 2023 Gift aid reclairns 32L? 3.942 £3.942 16 C'urrtnt Ajitt lTrvNtty#ii 2()24 2U23 Lwtsh #t bank and In hand I￿resIr￿¢￿I C'Jsh at bonk and In hJrMI{Ttsir￿ttdj 71.615 4.81? 145.476 f76.447 £150.Y16 2024 2Q23 Audii uih¢r Lrediiors 3.720 5.6S7 £9.Y7 Irthne Tr4ns(¢r IIAWV> LlnrL¥tri¢kd l'wd 1)¢519NicJ fu*J5 J￿hr1¥ fund IW278 3￿.219 13¥7.717) IY2.840 Y91.929 4.119.*A)3 32.972 ikSl¥NILyJ furnss. Idol 5.113¥.IM? 32.•72 10.¥61 4.¥h5.Y14 R¢stri¢ied luThJ S.(￿) Totil 5213.71AI (>NrlptlD#. Mi•re p¥rpTrw lInr￿IrK¢¢d fybwj Tk"pml T￿￿1". ￿'￿tt￿ r¢s¢Dts' illew allo￿1￿ for oll des18nD￿ Th¢ B¢fxYAI fund Is Desi8￿1￿ fw Th¢"FabrK fu￿1. •XvJeb)" tht p(r ￿￿*bIr li to rn￿1 ILsinD)ni¢nEnr¢re4iollsibiliii¢s r￿thepBri￿chUrtkn of 8t J¢kn l14rAiX. &TrJ ￿her¢￿￿(h twiklm8s The.￿.¥￿￿k Hall. retlffts Inl