Regislerèd Charity Nuthber 1130426 St Botol h's Church Barton Sea rave Financial Statements Year Ended 31" December 2024 Table of Contents 1-3Financial Review 4 Independent Examiner's Report 5 Statement of Financial Activities (Income) 6 Statement of Financial Activities (Expenditure) 7 Summary Statement of Funds 8 Balance Sheet 9 Notes to Financial Statements
St Botolph's Church Financial Review $t Year ended 31 December 2024 The attachedAccounts give information required ofthe Parochial Church Council by law as good stewards of moryies received ondpai The Financial statements are set out in pages 4-8 of this report. We have had a Challenging year in many ways, as we started the year with a budgeted shortfall of £67,964, which was to be funded from contributions from unrestricted and restricted fillids and the general nd was set a net nil balance. The actual outturn for 2024 showed a deficit of £13,582, broken down by a sutplus on restricted fimds of £500 and a deficit on unrestricted funds of £14,082. There was a deficit on the general fund of £614 which it is proposed to be fijnded by transfers from the staffing and youth funds as has been done in previous years. Funding for the Family Support Worker continues and is through one off income and regular donations. In year income amounted to £22,275 and expenditure on salaries and expenses of £28,193. The balance on the FSW fijnd at the end of 2024 was £32,491. The general fid was budgeted at a nil balance for 2024 but saw a number of variances during the year. Planned giving was £8k above expectations, bank interest received was £9k above expeclations but gift day budgeted for at £5k didn't take place and incorne from activities was £4k below budget. Expenditure saw increases in heating costs of £7.2k and general expense costs of £1.9k. Overall the gcneral fund was in deficit by only £614 and this will ftmded by a transfer from the staffing fund and a Contribution from the youth fund. Whilst we are showing a deficit for 2024 of £13,582 this was against a forecast deficit for 2024 of £67.964. This was an in-year variance of £54,382 and was due to extra incom¢ of £7.8k and a reduction in planned expenditure of £45. Ik. The reduction in planned expenditure was again due to the profiled spend of some major Church repair works which was £49.6k below budgeted. The deferral of planned repair and maintenance costs into next financial year and will be funded from various restricted and unrestricted funds. There was however an increase in general expenditure which will have to be carefully monitored in the coming year. In previous years the staffing youth funds have been used to contribute towards the cost of the Associate Minister that had been paid through the Parish Share. We have managed this year to continue to make that contribution, However as fldS are reducing we will need to take extra Care to ensure the general fid remains in balance for 2024. Page I
St Botolph's Church The deSIated and unrestricted fund5 outturn was a deficit of £14,060 and we also saw a deficit on the general funds of £989. This was a better result than expected and in geneTal, this was due to planned building works not taking place in year. Overall, for 2024 the level of ullrestricted and general fimds stands at £178,351 down from £193,286 and the restricted funds stand at £130,155 down from £130,269 in 2023. In reviewing the accounts, other points Come to nots: Planned giving increased to £142,005 (2023 £134,579) an increase on last year's actuals of £7,205, FSW planned giving was £22.275 this was down on last year and saw a reduction in one off donations. The income from Weddings and Funerals and lettings saw a slight recovery on last year at £12k. General expenses were higher this year up 1.9k on 2023 but this was due to higher expenditure on funds other than the general fund. We also saw the implementation of debit cards for the church staff. Major repairs and Maintenance to the Church and Church properties in 2024 was £24,008 (2023 £45,908). There are some repairs that remain outstanding and will be re programmed into 2025. Spend on g¢neral maintenance was £3,101. in line with 2023 (£3,176). Giving to Missions from the general and unrestricted fimds was £21,050. At the end of 2024: General Fund before transfers stands at a deficit of £614 for 2024 and the The Youth and Staffing Fund is now showing a balance of £25,338. (2023.. £27.114) The year ahead will bring with it continuing financial challenges, the actual general nd deficit in 2024, will be funded from a transfer from the youth and staffing fund. In 2024 we can't continue to rely on the General fund being bailed out, theTefore it is vital ihat the budgct for 2025 is set as a balanced budget against the general fund and costs allocated to the correct fund. We will have to continue to apply tighter financial management in the hope that we will be able to bring the Church general fijnd finances into balance for 2025 and relying less on transferring funds to correct any deficit at the year end. This will require strong financial stewardship, but at the same time ensuring that resources gified are used in a way that will bring glory to God. It is a constant challenge to be wise stewards of the resources we have and to be bold in the cause of the Gospel. Through the continued development of new hornes in our Parish we have opportunities as never before to reach out to our surrounding community. Page 2
St Botolph's Church We pray that God will provide the resources, human and financial in the years ahead. "Every man shall give as he is able, according to the blessing of the Lord thy God which he hath given thee." Deuteronomy 16:17 May we bring Glory to God in all we do, day by day, week by week. Dt¥vid Wright (Treasurer) February 2025 Page 3
St Botolph's Church, Barton Seagraye Independent Examiner's report to the Trustees This report on the Financial Statements of St Botolph's Church for the year ended 31 December 2024, which are set out on pages 1107, is in respecl of an examination carried out in accordance with the Church Accounting Regulations 2006 and section 43 of the Charities act 1993. Re$pectiv• 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 the Regulations and section 43 {2) of th8 Acl do not apply. It is my responsibility lo issue this report on those financial statements in accordance with the terms of Ihe Regulalions. Basis of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43 (7llb) of the Act and to be found in Ihe Church guidance. 2006 edition, issued by the Finance Division of the Archbishop's council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. 11 also includes considering any unusual items or disclosures in the financial statements 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 I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act: and to prepare financial statements which accord with the accounting records and comply with the requiremenls of the Act and the Regulations have not been met: or 12) to which. in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Rachel Samways Kettering Northants Date: Igl, Registered Charity No. 1130426 Page 4
Registered Charrty No. 1130426 St Botolph's Church Statement of Financi81 Activities Income 35 at 31st Dember 2024 Actuals Restricted Unrestricted Funds Total Provisional 8udgel lor 2025 Restricted Unre$trlctsd Total 2023 Funds 2024 Incoming Resources Receipts from donors Planned Giving (Bankers Orders) Planned Giving IFWOI Other Planned Giving (Tax Efficaentl Planned Giving (Non Gift-Aidl Collections at Servic*s Non-Recurringl Non Gift-Aicled Income Non-Recurringl (iift Aided Gitt Day Tax coVerable on Gift Aid 133.442 1,137 21,527 120.478 749 142,005 749 22,10D 112.700 134,800 2.000 2,000 5.918 3.814 575 313 3,904 4.752 750 2.975 3,904 4,752 1,010 3,075 5.200 4.000 1.(N)O 200 5.000 34.800 5,250 4,000 1,050 500 5,000 40,1tK) 100 30D 54.341 3,474 34.765 38,239 5,300 other voluntary CeIpts Legacies Warklon Gontfibution Donations and Appeals Income- Rectory Walk -656 47.423 3080 1.000 1.000 3500 1,000 1,000 3,500 40 3,170 6.502 3,210 6,502 Activitie5 in lurtheran¢e of the councils objects Fees lor weddings & funerals Goflee Monies Bookstall sale5 Ch hall lettings PCG objects 4.886 100 7,751 520 62 4.253 7.751 520 62 4,253 7.500 290 1(JO 2500 7,500 290 100 2500 2.501 Income from Investments Bank & building soc Inte$t Rent Church House Flats Rectory Cotta9e 9,039 10864 14 400 13.717 10.431 13,717 10,431 14,400 5.000 11 407 Juoo 5,000 11,4D7 17,400 14,400 14.400 other receipts Other Funds Generated Pan5h Weekend Holiday Club- Income Events and Activities Income Family Support Vvorker 900+ Mis¢ Incorne 14.420 30 8.310 8,310 9.000 750 9,000 750 25 4.341 25 4,341 260 3.477 2,655 3.000 3.ODO 260 3.364 4,932 8.296 3500 Y300 12.800 Total Income 357,438 43,425 232.387 275,812 45.700 222.247 267.947 Page 5
Registered Charity No 1130426 St Botolph's Church Statement of Financial Activities Expenditure as at 31st December 2024 Actuals Rp$tri¢ted Unrestricted Total Provisional Buduet fvr2025 Restricted Unre$¢ri¢iod Total 2023 Fund8 Funds 2024 1710 Fund raisers- exppn5es IS$IOn8 20.990 1.999 21.050 23.049 Activities relating totho wow* ol th& Church 2050 2100 220D 2230 Honorana and eursary Staft Exppn5ÈS Youth and Childr•n's wof Outreach ExpeDses Womerts Ev¥ngelism Upkeep ol service5 A10. PDwerpoini & Music Church House Rynning Costs Fees IOT Wedding5 & Funerals 8oDkstall pvrchases Parish weekend expen(filure 926 6.021 2.424 788 925 6,021 30.487 788 900 7.000 3.500 800 goo 7,000 31,950 800 6.781 30.390 591 241 479 670 11.284 2.941 137 28.063 28.450 2310 2321 2330 2380 25(W) 2520 50 2.002 14.366 3.907 243 50 2,002 14.388 3.907 243 500 1.200 14.598 3.500 150 500 32.648 500 ,200 14.598 3.500 150 500 61.096 28.063 30.T49 58,812 28.450 Church management and adtninistration 2000 2320 2338 2355 2700 otfice Salaries Church Running Costs Oflice Admin Costs cnCE1 T8x Flai 1 Property Repairs 17.62B 14,158 12.918 17.628 14.637 13,424 17,B43 7,900 13.084 17,B43 7,900 13.464 10,142 14,823 479 506 400 11,879 12.863 12,129 56.833 24.008 69.697 S3,700 21.f•)D 59e2T 74.700 85 D6.3 P5 share 1j7836 137.836 137,836 1i.284 Total Paytnents 299 f?69 42,925 246.468 289.39 96,884 239 027 JJ5911 sWplu10efitI for year 499 14,081 -15,582 51,164 16.780 S7.964 Total Funds Brought Forn¢r 130,269 193.286 323.555 ".3C.76$ 309 9-, 3 Total Funds Camed Fw8rd r 323.554 £ 130.768 £ 179.205 £ 309,974 £ 79.584 F 16242$ 242 009 Page 6
ChartyNo. 1130426 St BottslrA)¥Chvr¢h Anatysi%olExpeAdthtè a131st D8c8mb8r2024 Actual$ RtrIted Unrestrfthd rotsl Pro910nl gudw ftsr2025 23 Fundx Fundx 2024 R•$trfcio0 Vnrstd¢t•d Total slons 155n5-crOSSnkts Msbn6- Euffjvanoèlgrn Mi%Snn$- DMF 1800 1803 1804 1S)5 1e06 3.th)0 3.000 3.000 3.OOD 100 100 3.000 3.000 3.000 3.000 1.500 1.600 1.999 6.050 3.0 1.5 1.5 l45n5-s¢pture 1,$ 1.5(Kl 1.$ 2.Q50 1610 1620 AL5Sbns-ShalaTr sbns-other 1.999 2.050 6.000 20.990 6.0 21.0 6.0 21.0 1.999 2.050 23,050 2100 2120 2140 2150 217D Reclorf$Expen5e$ Cvraw's Expenses AssoGRte hIini%terExp8n6 ChIJrnyWQ8rEXpBfft8eS VISrt9 Spèake 5.175 4.078 4.07 4,000 1.606 1h71 2.5(N) 71 500 6.021 2230 Outreach Exppn¥g8 468 2250 2S10 HolLday ClJbexwDse• A¢85¢XPefyItt 83 800 800 hUh e Runn Churth Hge- Heèt&Lp3ht Chutch H5e-Water Chutch Hsp- Inwran¢ Chutth Cbanets Wagg5 2330 2331 2332 233 2337 2340 3.896 8.455 5.85Q 1.968 2.167 2.090 2.342 925 1.488 2,090 42 925 1,486 2.7th) 2.64U 1.1(Kl 2.648 Church H5fr- mahit 1.466 14.388 14.388 14.598 14.598 Offic• SalarfB 20UO Churth SaLIryi11 chUh Offre-AdmlnlsblDr Chh se¢retary- P8nSiDll Chur¢h saryI2) 15.399 16.659 16.65 969 ZQQ2 1520 162 16.323 16.696 17.628 17.628 Church Costs 2300 YJ20 ?400 2311 Chh- Insur¢n¢ Chh- h- Hgat&LwJhl Upkggp of¢hjhSr 2,666 2.419 2.419 2.0 479 1.5 4.2 2W S,766 1Q.fjQ2 10,É02 42 2W 479 14.156 14.637 7.900 7.9W 2336 2370 Churth Hsè- TephOrt Postagè stationery Pholocopr& CDtntMrtÈr ngfjl Exp8n 640 20 2,096 640 750 4,676 9,423 2.0 10,66B 5th) 7.654 4,SCN) 6.054 2375 400 14.823 506 13.424 4no 13.484 Yauth and Chlldrwn Work FAMISUprtffi)èr-$3ry FamiSUppOrt)èr-tsgn LINK ExpBnses tsRID ExpBnses CHILD CHURCH Exynse8 2020 25.864 978 3.422 26,375 1,688 26.375 1.6e8 2.185 so 189 27,450 27,450 1,0 I,SCW) 1,SCw) SCI) 2200 2,188 $0 189 1.$00 500 2220 30.390 28.CO3 2.424 30,487 28.450 3.500 31.950 27 Churth- major(epairs ChUh- mèjtsr(Èpairs- ReyeTheg ChUh HSe- mAiDrphKS ¢hurch Hs@- maprr4pair& Rgs8N9¥ Re¢toryGDltagg- maJDrrgpglr Grou$ Rectoryrnalntenanc 28.444 1.391 9.662 52.700 5.500 58.21Y) 28 13.264 10,488 2,467 12J58 15.800 15,500 2810 2330 i.0 439C8 t 11.879 £ 12.129 24.W8 S3.700 P*3•eial
St Botolph's Church Funds Movement Summary Brought Forward Income Expenditure Carried Forward Restricted Funds Apprents'ce Pensions Bell Choirfees St Bots Tols Organ Fafflily Support Worker Childrens R8sources Property Chapel Potters Share Apprence Fund Pension Fund Bells and Belty Fund Choir Fees Fund St Bots Tots Fund Organ Fund FSW Fund Childrens Fun Chapel Fund Potters Pla¢e Fund Sh8replan Fund Sound System Rectory Cottage Fund Property Irestrictedl fund Staffing Fund Fellowship Fund 4,000 -132 81 110 2,167 126 38,409 5,000 9,687 785 2,519 -1,636 18,513 43,439 7,200 4.000 -132 241 320 110 3,076 126 32,491 5,0(K) 8,595 785 3,525 -1,636 18,513 41,913 14,400 964 22.275 28,193 1.092 3,005 1,999 css Rectory PropTes Staff Welfare 9,740 7,200 11.266 130.269 43,425 42,925 130,769 Desi nated and Unrestricted Fund 2149,4 L? JS,554 664 Gèneral General fund Soup and Sandwch Lunch Pilgrirns Fund Prophold Property Holding Fund East Legacy Property Holding Fund Heating Heatlng Fund Womens Ministry Womens Ministry Fund Coffeeshop Coffee Shop Fund RectWDes Rectory Walk Designatsd Fund Sarajevo Sarajevo Fund Wolf Michael Wolf Legacy Fund Youth Yoijth and Children's Projects 40,953 1,445 73,134 30,545 71.126 222 660 214,341 1,123 42,1fj7 1,903 73,134 30,545 61,714 250 1,280 383 9,662 814 422 621 25,287 1,059 10,845 19,914 6,502 1,867 29,922 1,059 10,845 10,939 8,509 17,484 193,286 232,387 246,468 179,205 Total Funds 323,555 275.812 289,394 309,973 Page 7
St Botolph's Church Balance Sheet as at 31st December 2024 Year 31-12-24 Year 31-12.23 Flxed Church House l Rectory CoMa92 Buildlngs deprerAation Fi¥lures and FSlllngs Fthiurts and Fitiinos Depreciation Equipment Equipment Depreciation 135.000 62 760 50.088 20 036 2,010 135,000 62,760 50,088 2.010 670 £ 102.962 £ 113.650 Bank Current Acc. Bank DBpositAIx. B8nk CAF Cash kn. Intemal Orgs Bsnk Acc Central Board ol Finance Cash in hand Accounts ReCVable 206.541 91,059 6,451 2.310 100.000 33,673 140,535 2,320 100,000 2.231 £ 408.272 £ 278,759 ab Agency Collectiws Accounts Payab 18,390 182.871 17.607 51.247 £ 201,261 £ 68.854 N8t Assets £ 309,973 £ 323.555 Hald In Fu s Fdlows: Restrl¢t8d F n Apprentice Fund pension Fund Bells and 8Èlfry Fund Choir Fees Fund St gots Tots FSW Fund ChSldrens Fund Chapel Fund Organ Fund PottÈrs Place Fund Shareplan Fund Sound System Property Ire5triEtedl fund Rettory Cottage Fund sraFNng Fynd Fello>w5hip Fund 4,000 132 4.(KJQ 132 81 3.076 32,491 5,000 8.595 126 785 3.525 1.636 49.113 11.313 14.400 2,167 38,409 5,000 9,687 126 785 2,519 1,638 43,439 18,513 7,20D £ 130.769 £ 130.269 De51 nated and Unrestr6cted Funds General fund Soup and Sandwich Lunch Property Holdin8 Fund East Legacy Heating Fund Womens Ministry Fund Coffee Shop Fund Rectory Walk Oesignated Fund Sarajevo Fund MichaÈl Wolf Legacy Fund Youth and ChIldn'S Projects -42 167 1.903 103.680 -40 953 1,445 73,134 30,545 71,126 222 61.714 688 621 29.922 1.059 10,845 10.939 25.287 1,059 10.845 19.914 £ 179.205 £ 193.286 Total Funds £ 309.973 £ 323,555 Pap8
St Botolph's Church Notes to the Financlal Statements Year ended 31" December 2024 l. Accounting Policies a) The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP (FRS102). The accounts have been wepared under the historical cost convention, using the accrnals basis. b) Unrestricted Funds Tepresent the funds of the PCC that are not subject to any restriction regarding their use and are available for application to the general purposes of the PCC. c) Restricted Funds represent funds of the PCC which can only be used for specific purposes. d) Income Tax recoverable under Gift Aid is not recolSed until received. e) The Freehold Property in use by the Church ts based on a historical valuation less depreciation. 2. Fixed Assets comprise 2 Freehold properties.. Church House Re¢tory Cottage. The Book value of these properties does not reflect cuent market value. The Property Holding Fund finances both Properties. During the y¢ar assets were purchased and they are being depreciated using the Straight Line Basis- an asset is depreciated at a percentage of the original value. The asset will be depreciated by the same amount each year. Fixtures and Equipment depreciated at 200/0 - £10,018 for 2024 Equipment depreciated at 33 % - £670 for 2024 3. Employees (a) The average number of employees in the year was 3 (2023.. 3) (b) The total remuneration of employees amounted to £48,574 (2023.. £45.643). 4. Jndependent Examiner The Independent Examiner, Mrs Rachel Samways received a fee of £1 00 for her services. Page9
St Botolph's Church 5. Parish Share 2024 2023 Full amount Pydid: £137,836 £137,836 Of the amount allocated for the Parish Share in 2024 £85,887 was allocated to the Ephesian Fund and £51,949 to the Standfast Trnst. A fih¢r £42,302, ringfenced from 2023, was also allocated to the Standfast Tnt. 6. Honoraria: The Treasurer, Mr David Wright received £500. (2023 £500) The Musical Director, Mt Graham Tilney received £300 {2023: £300) Page 10