VERWOOD PAROCHZAL CHURCH COUNCIL (the PCCI Reglstered wlth the Charltles Commlsslon as a Charty under I￿rnber 1130729 To knowjesus Chri5tandto makeHim known. SLMlch&fs,Verwood &AISajnsTtrfft Legged Cr ANNUAL REPOltr for the year1 Januory 2024 to 31 December 2024 The PCC Is the cbarltyTn￿ body whlth covets churthes '. St Mkhael and All Angels, Churth Hlll, Verwood and All Salnty Churth Road. Three Legged Crnss. Correspondence addressforthe PCC Is The Parfsh Offlc< Manor Road Vwwood. BH316DZ Emall strnkhadsverwood gmall,com Report of the Truste Thetrustees presertthelr annual r￿Ortand financial statements ofthe tharityfortheyear ended 31 December 20X The financial statements have been prepared In accordance the 3Ctounllng pollaes set out In note 1 to the accounts and comply wlth the tharftys trust deed. tho Charitles Act 2011 and kcoundng and Reportlng by Charltles: Charltle5 Statsment of Recommended Practlce 2019 IFR5102}. Al￿ Purpose and ObJertlve5 The mlsslon Statement of our church Is to knowjesus Chrtstond to make Him known.. We have 5ubscrlbed to 10 equal Valuesto achleve our alms . 1) Worshlp and mlsslon that Is njoted In scrlpture: 2) kn open and supporth church comrnunfty. 3) Chrlsdan formatlon and educatlon: 4) Reachlng our 5) Shared and understood alms and obJectlve5; 61 Worklny wlth other Chrfstlan churthes- 7) Prayer and splrltuallty, 8} The development of leaders: 9) Chr]stlan stewardshlp and 10} Effectlve and hollstlc communicatlon. The church also supports the alms and objectlves of Deanery synod. The contents of thls Report show the steps taken durlng theyear, and the benefftsthlth have a￿rUed to churth membershlp and wlder communlty •s a resulL Publlc Benefit The Charftys reason for exlstenc4 as enshrlned In Its orfglnal obiets b ftlr the benefft of the inhabltants of Verwood and the nelghbourhood. In all the Charty's activltles therefore, the Trustees have been able to pay due regard to the Charlty Commlsslon guldance on public beneflL Strurture. Governance and Management The PCC has the re5ponslblllty of co-operatlng wlth thg ￿Car In promotlng In the parl$h the whole mission of the churth. It also ha5 Maintenan￿ responslbllltles forthe thurch bulldlng$ and the Parlsh Centre. The method of appolntmentof PCC members Is set outln the Churth Repre5entstlon Rules. All church attendees are encouraged to reglster on the Elertoral Roll, and stand for elettlon to the PCC. Durfng the year. or parr of ￿ the follDwlng served a5 vnembers of the PCC: Vlcar: Curate: Ucensed IAY Mlnlsters: Reverend Deborah Matthews Reverend Mlthael Eaton-wells Mr Duncan Moss Mr Robln Morgan Chalrman Churdwarden5: Mrs Beryl Greenhalgh Mrs Anthea Stephens Representatlves on the Deanery Synod . Mrs Ellzabeth Ingram Mrs Bery5 Greenhalgh Mr Martyn Hancock co-opted from 23.5.24 EEetted Members Mrsjulla Palmer Mr Nell Glbson Mr Stephen Walton Mr Stephen Greenhalgh Mrs Ro Green Mr RobertTuNII Mrs Ann Bale Mrjohn Weaver Mrsjenny Baxendale Mr Nlgel Beacharn Mr Rogerjohnson Mrs Barbara Walton Mr Martyn Hancock Mrsjean Steele Secretary Treasurer VI￿ Chalmian tto 9.5.241 (to 9.5,241 {from 23.&24) co-opted (from 23.524) co-opted Asslstsnt Churchwardens Mrjohn Weaver Mr Stephen Greenhalgh Mr Martyn Hancock forAII Salnts (from 23.5.24) The PCC met seven tlmes throughout the year, four tlmes In thurth and three ttmes electronlcalty, wlth an average level of atrendance at the face to face meetlngs of 71%. When necessary, It appolnts worklng groups to perfonn speclflc tasks. Be￿een meetlngs, It operates throughlts 5tsndlng Committee and also by electronlc meetlngs, as Indlcated. In addttlon to the Stsndlng Commlttee. tha Hougaka•pln9 and Flnance Commltt•• meets regularly. Tha All Salnts Commlttaa m••ts as nécé#sary. (wlth subb•r In the Parkh OffleoAt each meetlng. we rvAewed the acdvldes In the Centre and contlnued to be graceful rlmthe Uptske of our ftdlttles contlnued to Increase Thls meant that our Income Increased toth Rental ratss were revlewed èt each meetlng to make sure that irtlllty tharges were cumed. Elettrlcal updatlng of the Centre contlnued untEI all necessaryv40rk had been completed. Unwanted Item5 In the loft and the sheds have been removed. Outslde dralrs *ere deared. All other regular malntenance work was carrled out a5 per schedulè.Deep deanlng of the Idtchen was carrled out In May and December. Fundra151ng and Sodal wents In 2D24 Induded a PaSS￿r meal and ￿l￿ratIo￿ A Weddlng FethaL Puppets Coffee morn1￿5, Parish B8Q, Cream Teas HaNe5t supper. Qthngo evenlng cmstn￿ Marke¢ Carols In the Car park, Sunday Afternoon Teas, and Chrlstmas meals Carols. We slncff* thank all those who wye Involved In these very successful and enjoyable events The Parlsh Offio ts alway5 a busy plKq and thls year lyas agaln been no e￿P￿On. In trR auturnn Elle￿ our brllliant Admlnlstrator left to move knto Pthjres New. The Parbh kIn￿n￿tion and Parfsh Centre Hire admlnlsrrailon 15 now belng cov￿￿ by an amalng band of Volunteers headed up by Cyril Sampson untll flnd a new Admlnlmtor. We record ourhuge and grdteful thanks to everyone. Ro Green Secretsry to HFC and PCMC The 202A budget allocated by the PCC for the pwp05es of outreath glvlng was equlvalent of £1 IT2 quarter, whlch equates to 5% of g￿¥￿ Incom& The list of charitles proposed and agreed Included local groups or those wlth a local connectlon, and those where we belleved our donatlons would be used and make a dIfferer￿ to the they could carry OUL In orderto prO￿5S donatlons Inthe m05teffldentand c(rteffecUveway, paymentswere made by BACS Instead of sendlng a chequ The donatlons were d15trtbuted to tharfues as follow Q1 Alabare Chrlstlan Care &Support £371 Muslzl Foundatlon (for thelrwork In Uganda) £400, Rlngwood Foodbank £400. Q2 CAP £AOO {Chrkdans Agalrt Povoity- for local supp(rt monéy advlc& debt counselllng In the East Dorset area), St. Luke's Heatthcare for aergy £371 5altsbury Women's Refvge £400. Q3 Alabare Chrlsttan Care & Support £200. Muslzljoy Foundatlon £200, Rlnwod Foodbank £3TI 5a115bury Trust for the Homeless £400. Q4 CAP £371 Sallsbury Trust for the Homeless fAOII Sallsl)uryWomen's Refuge £400. Additlonally, members of the CO￿regatIOn gfve regular donatlon5 of ca514 food and other Items to RIngW￿0d Foodbank. Chrfstmas Items were generouyty (lonated and tra• to SaU5bury WonRn'5 Refug& There were also fUndraI￿rtg events hdd durlng the yearwhlch ra15ed moneyforThe Chlldren's Sodety and tt local Dementla group. Also, Salnts held coffee mornlng5wI)Ich ralsed funds for other charftles. The charltles are so appredatlve of our donadons and our ongolng prayer5 for thelr worl thetr staff, thelr volunteers and all thosethey wpport Please contlrnie to prny forth* ￿rk Anyone wlshlng to know more aljout the tharfdes Is encouraged to contstt Bay Greenhalgh (K another PCC member. Beryl Greenhalgh (07803 678281) B1Wee￿ Holy Communlon and McrnlNJ Pralse seTts contlnued thrwiK)Ut 2024 the flrst belng a Holy Communlon Ser4rfceon14January. All 5wvke5 wwefalthfuUysUPPOrted bythe dedlcated arKI welcomlng thurth communlty, Indudlng members from 5t Mkhael's cor¥JrEgado The Coffee mornlngsi restarted on 15 November 23 after Covld, ￿nIfI￿nty blossomed durlng the year *fth regular attendances from members of the local communlty. Thése All Salnts, events wor8 h@Id on the thlrd Wednesday of the month from 17 January. £960 was rnlsed for thurth funfts plus an addltlonal £575 for the followlng char5tie5: 5turts Farm,Julla's Ho* Trvear It Plnk, In support Of Breast Cancer UK and the Don Mcmath Foundatlon. Thls amounted to a totsl of £1,535. Whereasthls Is to be applauded, more Importart Is the regular outreach to the local (ommunlty. speclal thank5 to Josle Taylor and fjall 5almen for thelr masslve cOntr￿utIon fn, not only arranglng these successful Ixrt also for gffting the coffee and delldous cake A well attended Lent Lunch vrds h&d on S Marth arHJ thls ralsed an extra £321 for thurdi funds addlng to the monles ra15ed at coffee mornlng& On Motherlng Sunday flowers were handed out and on Fathers, Day. thocolates dtstrlbuted. Durlng theyear. regular prayersessionswere introduced and led by Duncan Mos& Theywere held on thefourth wednesday of the rnonth and provlded an opportyjnlty for open prayers wlth a focus on the needs of the communlty asNvell as wlder issue% These sesslons contlnue Into 21J2& The bulldlng and grounds were well malntslned and partlcularthanks are dueto Nell Salmen for hls conslstent labours In (among otherthlngs) hedge and grass cuttlng. Unevenne55 In parts of the maln path to the church doors may neEd attentlon, but no practlcal 501utlon seem5 avallable for the mu&after-rnin tssue In the car park A volunteer cleanerfmrn St Mlchael's undertookthe deanlng of the maln thurdi room. The prlvate sector counselllng selv1￿that had hlred the upper rooms dlscorrtlnued the arrangement However. the The Falr Share Food Larder cortlnued its valuable wort the well-stocked van coming every Monday (except bank holldays) to an average of some 20 needy and grateful cllents per T•Yeel although thls numbersometlmes dropped for no obvlous reason. signmcant support for the larder came frnim church members, wlth a good atrnosphere and everyone appreciatlve of the ser¥lc& For local cllents unable to attend due to h05plta appolntmenty bereavemenL etC•* produce was dellvere4 wlth some cllents collectlng for others. Also. some cllents arrlvlng wlthoutfvnds were given the producethey needed- very much In Ilne wlth Chrlst]an priftdpl Supportlng the Larder Inltlatlvefrom thlsyear wasthe regular attendance of a a￿ZenS, Advtce Bureau van. After a successful 'moblle pllot. in May, a ￿ee￿arrangeMentWas conflrmedfromjune andthe se￿1￿ is nowgready valued. not least by larder dlents Forvarlous reasons, the All Salnts Commlttee dld not meet in 20M although any matters of n(>te We￿ reported to andlor dlscussed bythe regular congregatlon as approprf*. The congregatlon looks fil￿ard to Salnts Church contlnulng its long hlstorya5 a focal polnt forworshlp and communlty Involvement In £heTh￿ Legged Cross area ¢rfVerwood Parlsh. BobTurvM All Salnts Committee Secretsry The PCC Is aware of the need to cornply wlth the gUIdan￿ tssued by the House of 8lshop5 on matters relating to the safeguarding of thlldren and vulnerable adults. as set out In settlon 5 of the Safeguardlng and Clergy Di5dpllne Measures 2016. It Is confirmed that regard ha5 been had to thls Guldance and In partlcular to paragraph 3 of the Key Roles and Responslbllltles of Church office holders and bodies Pr4tt1o GUIdan￿ and I further conflrm thatthls Guldance has been complled wlth durlng thls year. The Churchwardens wlll contlnue to be kept up to date wlth safeguardlng materlal and Infonnatlon received from the DIO￿an office for onwarf transm15slon to the necessary reclplents. All members of our PCC. Clergy• LLM% LPAS and any other Voluntsry helpers In our church have current DBS Certlficates and are encoura9ed to ensure courses requlred for thelr posklons are up to date. It has not been necessary tts make any reports concornlng Safeguardlng Issues thls yeari and no dl2do¥ur¢3 followlng the Makln Report regardlng our thurche5 have been reported to Whllstthere has been nothlng to report we are not compla￿n¢ and all concerned have been aware of the need to be partlcularly vlgnant to protect wlnerable person5 wlthln our church. Detslls of our Safeguardlng Pollry are sdll dearlyslgnposted on ourwebslts and In church. Carol Weaver Safeguardlng Offlcer A most unusual year In Church Flnance. n March the church flnances were causlng serlous concemx We were in a P05ttion where we would almost CertaIn￿ not be able to P+Sy our bllls tythe summer. We had been advlsed that the late Derek Mlle$ had left us a beques¢ but we had no Informatlon as to the slze of thls glfL It tuffled out that we recelved a total of £183,188. A staggerfngly large contrtbutlon. exceedlng our anticipatsd annual Income. In additlon, a further beque5E of £5￿00 wa5 received from Christine Gibbons. These Incredlbly generous bequests have transfomed our short and medlum term prospects. As an organ15atlon we are now able to conslderwhat we would Ilke to do ar￿ athlev4 a5 OPP05ed to what can we do7 Our operatlng Income Increased across mostcategorl& Planned Glvlng and Tax Rebates showed a 10% growth. Collertlon5 grew forthe first tlme In manyyeaN Dlvldend Income Increased as the bulk of the legacy had been Invested In Church of England Share& Parlsh Centre Hlre retumed to its pre-covld level. General blts of flnano contrlbuted, but a key eamer was our collertlve Fundratslng activit1￿ Thankyou to all the manyvolunteers who made thls posslble. Over £6.000 was donatèd as tharltable gffts. Our Parlsh Share, whlch amongst other thlngs pays Clergy Stlpends, Oergy pen51on costs, Vlcarage malrtenance, Tralnlng and supporL was £91313. Our largest cost tyfar. Church bulldlng runnlng costs were signlficantly reduced. Prlnopally due to the applicatlon of a far more reasonable energy contracL Office costs were marglnalty down overalL Sadly, we lost our long tem Parlsh Admlnlstrator. Ellen WkL who had helped to operate a very efficlent Offlce. Our operatlng Income was £333269, with operating costs of £164,003. Excludlng the legades. we therefore lost £18322 over the year. Our net worth as an organ15adon Increased by£171437. We have entered 2025 in a very fortunate posltFon. Howaver- there Is always a however-￿ have expenslve plansto make necessary repalrsto our bulldings and to Improve thelr sUStalnab11 ity. An ejettrlcal fallure In December has led to a probable cost of £25,OCKI for elertrlcal rewlrfng. Our oll boiler Is years past ts deslgn Ilfe: YR have a plan forAlr Source heatlng, comblned wlth solar panel& Our sound system ts Inadequate for our needs. Ground ffoorwlndow frames are rotten and need replacernenL We could pay for a lot of thls vmrk. butwe are applylng for extemal grants and asslstance. Generally, we are In a good pla￿. Thanks be to God In accordance wlth the PCC Réserves Poll , thefollowIn infomRtlon Is made for the Annual Re orL 2023 2024 Increaseldecrease 37,877 199.573 410% 122% 150% Unrestrlcted Funds Rado to operatlng expendlture Restrfcted Funds Bulldln alrs malntsnance Faml Iyouth Work Cholrlorgan 97.007 45,129 45A44 4T78 86.933 41809 38,355 3,774 -1096 -$86 .16% -21% Ba Martln Hardshi Fund 1.655 1.996 21% As a Charity we have a responslblllty to declare what are our Intentlon5 wfth money In 'Resuve5'. The target flgure for Unrestrfcted furKls is £35,000, as thls represents approxlmately three months operatlng expense5. A proportlon of the Unrestrlded Funds wlll be spont on Electrlc81 rewlrEng. Sound system and Iloor heatSng projects. Wthln the Unrestrlcted Funds there Is £1.000 of delegated money forthe replacement sound system. Following our Youth & Famlly Workers appolntmentto Parfsh Adrnlnistrator we have no expenditure plans for Youth Funds, For the avoldance of any doubt all dlvldend Income and capkal gains remain withln the relevant Church of England Share Account-Genoral for Unrestrlcted Funds and Bequest for Resirlcted Fund> Nell Glbson Treasurerto VeThYood PCC Deanery synod metthree tlmes In 2024 in Marth,June and November (the November meetlny was on Zoom). In March, there was a presentatlon glven by Arthdeacon Antony MacRow-Wood, Director of Flnance & Asset Managemenk on 'The C05t of Being Church Today. This buslne55 case for a new share syst¢m, whlch was approved by BSshop's Counc51 In January 2024 had been cSrculated prevlously to all member& A dlscu55lon followed regarding pari5hloners' glvlng and what wlll happen if the par15h share Is not pald In full- there wlll be redundancles and a loss of dergy. When dergy leave a partsh. they may not be replaced If that parlsh has not been paylng thelr entlre share. The need for prayer and to encourage regular and meanlngfvl finandal givlng was stressed. Atthe June meetlngi aswell as general deaherymatters and thetreasurerfs reporL vRwere gfven a presentstlon about the long term impart on indlvlduals who have receNed supportfrom the South Sudan Medlcal Unk and the need for funds to enable further students to r￿hle sponsorshlp forthelr medlcal offlcer tralnlng. Also, at thls meetlng. followlng a talk by the chalr of the Inltlo Learnlng Trust we were asked to conslder how we can enc(Jurage more people to serve a5 Foundatlon Trustees on the board for the schools In our deanery. In November, a talk was glven by Andrew Graham about the work of the Hlstorlc Churche5 TrusL He gave examples of howthey can help fvnd major projects In our churthe5 and wje areencouragedto applyto theTrust ftir spectflc bultdlng repalr workwhlth they could help fijnd. We are also asked to encourdge more partlclpants for the 'Rlde & Strfde, events, whlth generate fund5 forthe Hlstoric Churches TrusL so, In November there were dlscussions about Eco-church and Green Inltlatlves wlth Ideas glven and problems experlenced - for example, the length of tlme It can tske to get permlsslons In place before anywork can be carried OUL Each deanery has members elected to be representatlve5 at the Dlocesan Synod meetlngs. Durfng this year four deryy and four laity were elected to representwlmborne Deanery for threeyear5. A reportfrom Dlocesan Synod Is 9lven at each of OUT meetlngs. These meetlngs are usually Interestlng and Informatlve. If ary of you would be Interested In attendlng one and would Ilke a IlfL please let me know. Beryl Greenhalgh (07803678281) Statement of Trustees, responslbllltles The Charfty trustees are responslble for preparlng a trustees, annual report and financlal statemerts In accordance wlth appllcable lawand Unlted Klngdom Accountlngstsndards (Unlted iangdorn GeneraltyAccepted Accountlng Prattlce). The law applicable to charldes in England and Wale5 requlres the Charlty trust￿ ta prepare financlal ststements for each year whith give a true and falrvlew of the stste of affalrs of the Charity and of the Incomlng resources and appllcatlon of resources, of the Charlty for that perfod. In preparing the flnanclal ststementy the trustees are requlred to: • selett sulrable accountlng polkles and then appty them conslstendy; . observe the methods and prlnclples in the appllcable Charltles SORP", ' makejudgements and estimates that are ￿aSonable and prudenr ' state whether appllcable accounting stsndards have been followe¢ subject to any materlaj departures that must be disdosed and explalned In thefinanclal statem￿ty. ' prepare the finandal statements on the aolng Cohcem basls unless It Is inapproprfate to pr¢$umo that the charty wlll continue In buslness. The trustees are responslble for keeplng proper accountlng records that dlsdose with reasonable accuracy at any time the financlal posltlon of the charftyand to enable them to en5urethatthe financlal statemerts comp4r wlth the Charities Art 2011. and the appllcable Chathes (Accounts and Reports) ReY￿atIons. They are also responslble for safeguardlng the assets of the Charlty and taklng reasonable steps for the preventlon and dete n of fraud and other Irregularltles.The trnsteesare responslbleforthe malntenance and Integrftyof the Cha and finandal Infomatlon Induded on the Charitys webslte In accordance wlth leglslatlon In the Unlted gownlng the preparatlon and d15semlnatlon of flnandal statements. Ap by the PCC on 5c> Aprfl 2025 and slgned on Ets behalf by Nell Gli)son Treasurer Jul almer Secretsry **** Charity registered number 1130729 The Parochial Church Council of the Ecclesiastical Parish of Verwood St. Michael and All Angels and All Saints Accounts for the year ended 31 December 2024 The Parochial Church Councll of the Ecclesiastical Parish of Verwood Contsnts Page Reference and administrativ¢ infomiation Statement of Financial Activities Balance Sheet Notes to the Accounts Report of the Independent Examiner 15 The Parochial Church Council of the Eccleslastlcal Parish of Verwood Board of Trusteeg The ejected Trus*es and Honorary Officers at the date of this report and holding office during the year were: Rev D Matthews Mrs J Palmer Mr N Gibson Mrs A Bal¢ Mrs J Baxendale Mr N Beacham Rev M Eaton-wells Mrs R Gr¢en Mrs B A Greenhalgh Mr S Greenhal8h Mrs S Hancock Mr M Hancock MrsEln Mr R Johnson Mr R Morgan Mr D Mo85 Mrs A Stephens Mrs J Steele Mr R Turvil Mrs B Walton Mr S Walton Mr J Weaver (Chair) (Secretsry) (Treasurer) (to 9.5.24) (Vice Chair) (to 9.5.24) (from 23.5.24) (to 9.5.24) (from 23.5.24) Reglstered Charity Number I13￿29 Charlty Addre Potterne Farni Cottage Potterne Way Three Legged Cross Wimborne BH2I 6RS Independent Exgmfjners Grant Sellers Bank Court 12 Manor Road V¢rwood Dorset BH316DY Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4J The Parochial Church Council of the Ecclesiastical Parish of Venvood ststement of financial activities for the ear ended 31 December 2024 Note Unrestricted Restricted* Totsl Funds 2024 2023 Incoming Resources Incomin8 resources from doDOts Oth¢r voluntary incorniDg 10SJ75 1.586 107.161 98331 2b 188.622 2.860 Investment Income Incoming resources from operating activiti¢s Activities for genernting funds 188,662 5,505 435 3,933 2,645 26.315 5.627 26JiS 5,627 29A35 4.023 TOTAL INCOMING RESOURCES 71 333 70 Resources Used Grants and charitable giving Activitie5 directly relating to the WO￿ of the thurch Cost of rnisin8 funds 4.868 1.814 AO52 JO.138 3b 141635 15318 157.953 15&063 TOTAL RESOURCL8 USED 147 03 168,201 N¢t Incomin￿OutgoiNg R￿OurCe 181.496 -12231 169,265 -32,(144 UNREALISED LOSS/GAIN ON INVESTMENT ASSETS 1.934 2238 4,In 10986 IYET MOVEMENfs IN FUNDS 173.437 Balances brought forward at 1st January 2024 416.648 97,007 SI1655 534.713 BalAnces VTTicd fon¥ard as of 31st DeCernb￿ 2024. 600,078 87,014 6fl,092 513,655 Statsment f financial actlvities for the ear ended 31 December 2024 The Charity has no reco￿ls¢d gains or loss4 other than those dealt with in thc staletnent of financial activiii¢s. The notes to the fitwiciEI stat¢ments providc iDfornution on movements in Ibe cb￿1￿,5 fi￿d$ dutiD8 the ycar. All incoming and out80ing re50urccs derive from continuing adivitics during the ¢utTeat and previov5 period. A listing of all Restricted Fund8 is at Note 13 to8eth¢r with a Stst¢m¢nt of FiD8ncial Activity for ￿h. The not¢s on pages S to 15 forni part of these acco￿1% The Parochial Church Councll of the Ecclesxastleal Parish of Verwood Balance heet as of 31st Deeember 2024 Unrestricted Restricted Funds Fwids Not¢ TOTAL FUNDS 2024 2023 FIXED ASSETS Tangible assets Heritage assets Investments 346.111 32,120 199.573 346,111 347,311 32,120 32,120 87.846 287,419 124,847 Total Flxed Assets 577,804 87,846 665,650 504278 CURRENT ASSETS Debtors 10 3,116 3,116 2,534 Cash at ba2)k and in hand 19,674 22,790 19,758 22,874 11,011 13.545 Total Current Assets 84 LIABLITIES Creditors: amounts falling due witbin one year -516 -916 -1,432 4.163 Net current assets 22274 -916 21.442 9,377 TOTAL NET ASSETS 600,078 87.014 687,092 513,655 PARISH FUNDS Unrestricted Restricted 14 14 600,078 600,078 416,648 87,014 97,007 87,014 687,092 513.655 87.014 600,078 Approved by 13 February 2025 Rev D Matthews Chair, Verwood Parochial Church CounGiI Charity number 1130729 The notss on pages 5 to IS forni part of these ￿cOUrtts The Parochial Church Council of the Ecclesiastical Parish of Verivood Note t the Accounts Accounting Pollcies General The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice 2019 (FRS102), "Accounting and Reporting by Cbarities" applicable UK accounting standards and the Charities Act 2011. The Charity bas tsken advantage of the exernption in Financial Reporting Standard l from the requirement to produce a cash flow statement on the grounds that it qualifies as a small Charity. The fmancial statements bave been prepared undtr the historical cost Convention except for the valuation of invesiment assets aud heritage assets, which are shown at market value. The presentation currency of the fllLqncial statements is the Pound Sterling and is rounded to the nearest £1. The Charity meets the definitioD of a public benefit entity under FRS IO2. l.b Fund5 General fijnds represent the funds of the PCC that aTe not subject to any restrictions regarding their use and are available for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are a150 unrestricted, The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of ChurLh groups that owe their main affiliation to another body nor those that are infonnal gatherings of Church members. Restricted funds fimds which are to be used in accord8llce with specific restrictions imposed by the donor andlor within restri¢t¢d purposes included in the objects of the Charity. Incomlng Resources Yolunlary Income and capital sourc Collections are recognised wben received by or on behalf of the PCC. Planned giving receivable under covenant or standing order is recognised only when received. Income tsx recovered on covenants or gift aid donations is recognAsed in the same year as the incorne to which it relates. Grants and legacies to the PCC are accounted for a8 soon as the money is received. Funds received by festivals and simiIar events are, wherever possible accounted for gross. Other ordinary Income Rental income from the letting of Church premises is reCo￿lsed when monies are received. The Parochxal Church Councfil of the Ecclesiastical Parish of Verwood N tes to the Aeeounts continued Accounting Policies (continued) Incomefrom investments Dividends and interest are accounted for when received. Gains and losses on invesiments Realised gain5 or losses are recogni5cd when invc5tmcnts are sold. Unrealised gains or losses are accounted for on revaluation of investments on 31 December. l.d Resources Used Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Actlvlties directly relaling to the work of the Church The diocesall quota or Parish Share is accounted for when payable. Any quota unpaid on 31 December is provided for in these accounts as an operational (though not a legal) liability and ig shown as a creditor in the Balance Sheet. (2023 was paid in full.) Governance costs Govcrllanc¢ Gosts comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to accountancy services. Fixed Assets Consecrated laiid and buildings and moveable Churchfurnishings Consecrat¢d and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. Moveable Church fuTnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal are considered to be inalienable property. SORP 2019 recommends that such property b¢ taken into the annual accounts as assets of the PCC. The PCC follows this recommendation for long tem] assets. known as 'heritage assets" which were professionally valued and are now included at the assessed current market valuation, Sept 2019. Since in general they retain their value or appreciate, no depreeÈation is charged. The cost of other furnishings IRS been written off as it was incurred. All expenditure incurred during the Ye￿ on consecrated or benefice buildings and movable Church furnishings. whether maintenance or impTovement, is written off as expenditure in the Statement of Financial Activities (SOFA) and separately disclosed. The Parochial Church Coullcil of the Ecclesiastical Parish of Venvood tes to the Accoun contlnued Accounting Policies (continued) Flxed Assets (contlnued) Otherfulures. fittings and equlpment Equipm¢nt used and repairs within the Parish Centre are written off in the year of ¢xp¢nditure. Property vesled In Salisbury Diocese SORP 2019 recomrnends that property procured by the PCC but vested in the Diocesan Board of Finance of the Salisbury DI0￿s< which therefore has sole title to i( should be shown as an asset in the PCC accounts. There are two properties which fall under this heading The land on which the Parish Centre was built. The PCC resolved to bring this into the accounts in 2003. It is valucd at cost and is not depreciated. All Saints Church, which the PCC resolved to bring iDto the accounts in 2006, is a freehold piop¢rty comprising the building and the land on which it is built. It Is valued in the accounts at cost and is not dq)￿C1ated All repairs and minor Improvements are written off in the year of expenditure. The Parish Centre building, which is a propety which is built on land owned by Salisbury Diocese but which rights pertaining to that propety rest with the PCC (excluding consecrated land and buildings as detailed above), is shown as an assel at cost, less aDnual depreciation of £1200. Investments Investments are valued at market value as of 31 December 2024 Current assets Amounts owing to th¢ PCC on 31 December aTC shown as debtors Icss provision for amounts that rnay prove uncollectable. Short terni deposits include cash held at the ban l.g Volunteers And donated services The value of services provided by volunteers is not incorporatd into these financial statements. There was one relatal paty transaction during the year. The Treasurer, Mr N Gibson. was in receipt of a payment for perforn]ing redecornting works in the Parish Office, whi¢h was approved by tbc trustees. The Parochial Church CouncAI of the Ecclesiastical Parish of Verwood Incoming Resources Uttffstricted Restricted Funds Total Funds 2023 2024 2(a) Jncoming resources from donors Pl8nn¢d giving: Income lax refunds Collections Special collections Donations 74.107 20.859 6.589 74,107 20,859 6.589 67,577 17.642 6.101 4,555 1456 4,020 402 4.422 105 575 107 161 2(b) Olher voluntary Incomlng resourc Grants Choir and or8an ineomeldollations Pari5b centrc donitioll Incom¢ from Maton Legacies Totsl 434 188.188 434 188.188 188.662 435 435 2(c) Ineomefrom investments Bank Interest Teceived Dividends received Total 39 2.821 39 5,465 2.645 3,899 2(d) Incoming resources from operndAg acrfvili Parish Centre hire TrAeeling Room hire All Saints hire Fees Other Utility Refunds 18,435 3,223 18,435 3223 17.222 2.063 5.425 3.748 938 39 2,772 1,023 801 2.772 1.023 801 Total 315 26 15 2(e) Fundgeneraling adivi.ties Fundraising arAivities Talcnts 5.627 5.627 4,020 Total 5.627 Total Incoming Resources 27 The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes t the Accounts contlnued Resources Used Unrestricted Restrict¢d Funds Funds Tots] Funds 2023 2024 3(a) Grants and Charitable glvlng Outrea¢h (5% of income) Restricted givin8 Other Barry NIArtin Di5creuoDw Fund 4.238 4.2J8 804 630 380 5,263 4,555 180 140 804 630 380 Total 3{b) Actlvities directly reladng lo the work ofthe Church Parlsh share Cl¢r8y expenses Church running costs Parish Centre Nnnin8 costs Parish C¢ntre irnprovements Services choir and or8an Supporl costs (sec note 4) Church llclivitie5- other D¢pre¢iition 92,313 4,108 9,869 10.448 92313 4,108 10,884 10.440 824 8.047 28Jll 1.617 1200 85.475 2.374 15,117 17.138 1,015 824 5.169 2,878 20,846 973 J200 7.020 28.841 898 1.200 Totol 142635 157952 158 063 Total Resources Used 147 503 Support Costs 2024 2023 Office costs Audit fees Sundries 26.462 1.140 720 27,773 960 148 The Parochial Church CouDcil of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Staff Costs 2024 2023 Wages and salaries 23.125 24,817 During the year the PCC employed One part time staff member at the Parish Office and one part time cleaner for the Parish Centre. A part time Children's Worker was in post all yeaT. No one earned more than £60.000 per annum. Employers National Insurance contnbutions wer¢ niL Our contribution to our employees defined pension scheme was £102. Gains or loss￿ on invthents Dividends received frorn investments are shown within income from investsnents. As r¢oommen(kd in SORP 2019, gains both from the movement in the market value of the shares that have not been soliL unrealised gains, and on shares that have been SO1￿ realised gains, are now shown as profits on our investment a&sets. Fiyed assets Vest ParAsh Centre BF All Land Building Saints Totsl Fixtures Heritage A&sets Cost or ValuatloN A5 at l Janw 2024 270.017 91,704 3.054 31120 442.895 As at 31 Decell￿ 2024 270.017 91.704 3,054 31lXI 441895 Depred#tt•n As at l January W24 Chw8ed in ytar As at 31 Decernbtt 2024 60,410 iJoo 61￿10 3.054 63.464 1200 64.664 3.054 Net Book Value As at31 December 2024 208,407 91,7( 31120 378.231 As * 31 December 2023 209.fA17 91,7fy1 31120 379.431 In 2003 the c05t of the freehold land w)on which the Parish Ccntrc is built was entercd at C05t into the accounts. Title to the laod, and therefore the building on IL rests solely with Salisbury. However. the proceeds of any sale would become part of the PCC'S general fi￿dS and they are therefore shown as assets of the PCC vested in the Diocesan Board of Finance of the Salisbury Diocese. io The Parochial Chllrcb Counell of the Ecclesiastical Parish of Verwood Notes to the Accounts Continued For the same reasons, in 2006 All Saints Church. a freehold property. was brought into the accounts at cost. of £91,704, as an asset vested in the Diocesan Board of Finance of th¢ Salisbury Diocese. Heritage assets were entered into the accounts in 2005 at market valuation. These assets were revalued in September 2019 by an independent valuer. The PCC decided in 2004 thaL with an expected lifr of the Parish Ceotre building well in excess of 50 years, an atmual depreciation of £1.200 would be more appropriate at this tim¢: it has ￿s0 decided that the rate of depreciation should be reviewed at five-yearly intervals. at the sam¢ time as thc quinqu¢Dnial inspection. The latest review was conducted in February 2025 and the existing policy re-approved at the PCC meeting that month. All repaiJ3 and minor improvenients are written off in the yeaT of expenditure. Inveslment Assets These are investments h¢ld in CBF Church of England Fund Jneome Shares. They have been valued on 31 December 2023 at Bidloffer pri¢e of 2,260.53p per share (2021 at 2,064.59p per share). 2024 No of shares 2023 No of shares Unrestrlcted General accoullt Restrlcted Bequest and other restricted funds account 8,631.04 199,573 1,189.29 26,884 3,799.13 87,846 4J33.64 97,963 Total 287,419 124,847 There was one withdrawal from the General Fund, of £7,500. Two contributions were paid in totalling £175,000. Two withdrawals were made from the Restricted FuDd, totslling £15,000. Excluded from our accounts are restricted funds that are held in a related "Incumbent and Churchwardens Trust for ecclesiastical purposes" by the Salisbury Diocesan Board of Finance as follows: 2024 2023 Maton Invesknents 16,278 15.914 li The Parochial Church Councll of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Cash at Bank and in hand Unrestricted Restricted Funds Funds Total Funds 2024 2023 Cash at Bank Cash in Hand 19.655 19 84 19,739 19 10,993 18 Totals 19.674 19,758 11.011 10. Debtors 2024 2023 HMRC Income Tax refund General Debtors 3,116 1.532 1,002 Total 3,116 2.534 11. Creditors due within oneyear 2024 2023 General Creditors British Gas (five accounts) Totsi 1,432 2.891 1.277 4,168 1,432 12. Transfers between Funds There were none during 2024. 13. Post Balance Sheet Note Since the end of the year the PCC is intending to replace the electrical system throughout the Church at St Michaels. The anticipated cost is in the order of £25,000 to £30,000 and will be undertsken in 2025. 12 The Parochial Church Council of the Ecelesiastical Parish of Verwood otes to the Accounts contlnued 13. Funds within the accounts Restrlcted funds Where rnonies have been donated or bequeath¢d for specific PUTposes a restricted fund is set up within the accounts. Our current restricted funds are as follows: SpeclAI Collections for distinct and specific cause, usually not the Church Bequest For bequests with a specific purpose, generally the improvement or maintenance of th¢ Church For choir earnings and expenditure To control monies specific to the organ and its maintenance For youtb ministry For those in financial hardship. Exercised exclusively at the discretion of the Vicar. Choir Organ Youth Barry Martin Deslgnated Funds These are funds set up by the PCC for specifjc purposes. However, the rnonies within them can be re-allocated, or returned to the General Fund, by the PCC, if an appropriate authorisatioll is made. Sonie donated funds are subject to recall if the designated PUEpose is not pursued. 14. Analysis of net assets betweenfunds General Fund Restricted Funds Totsl Funds Fixed assets 346,111 346,111 Heritage assets 32,120 32,120 Investments 199,573 87.846 287,419 Debtors 3,116 3,116 Cash at bar 19,674 84 19,758 Creditors -516 916 -1.432 Balance at 31 December 2024 600,078 87,014 687,091 13 The Parochial Chureh Council of the Ecclesiastical Parish of Verwood Notes to the counts continued 15. Reconciliation of movements betweenfunds - Restricted A statement of financial actiVIty for each of the restricted funds for the year ended 31 December 2024. Special Bequest Choir Organ Youth Discr¢tion Totsl IncomlDg resourees From donors 1,184 362 40 1.586 From Other voluntary resources Income from investments 40 1,222 1.222 201 2,645 Total incoming resourees 1,184 362 1,262 1222 201 4,271 Resources used Donations Church work 1,184 1.184 15J18 3.059 2.68 l 2.488 7,090 Total reso)Jrces used 1.184 3.059 2.681 2,488 7,090 16.502 Net resources -2.737 -1.419 -1.266 -7,090 201 -12231 Investment gains 416 841 841 2,238 Net movement ID funds -2,143 -219 -7.090 402 -9,993 Balance on I January 2024 45,129 1527 3.251 45,444 1.655 97,007 Balance on 31 December 2024 42,987 1,308 3.185 38.354 2.057 87,014 Fund Assets- Restricted and Designated All Restricted Funds aTe held as investments within one CBF Church of England Fund, known as our Bequest Fund. Some limlted amounts ar¢ held in the CatBank cllrtent account 14 The Parochlal Church Council of the Eccleslastical Parish of Verwood Independent Examlners, report to the trn$tees of the Parochlal Church Councu of the EccleslAsdc81 Parlsh of Verwood We report on the Charity's accounts for the year ended 31 December 2024. which are set out on pages three to fourteen. Respectlve rejponslbllltles of trustees and examlner The Charity's TTh￿teeS are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not iequired for this Ye￿ under section 144(2) of the Charitie5 Act 2011 (the 2011 Act) and that an independent examination is required. The Charity's gross incorne exceeded £25,000 and we are qualified to undertake the examination by being a qualified member of ICAEW. It is our Tesponsibility to: examine the accounts (under section 145 of the 2011 Art). to follow the procedures laid down in the F¢neral Directions given by the Charity Commissioners under seclion 145 (5) (b) of the 2011 Act: and to state whether parti¢ulaT matters bave come to our attention. Basls of IDdependcnt examlner's report Our examination was conducted in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and comparison of the accounts presented with those records. It also imcludes consideration of 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 ID 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 tbose matters set out in tbe statement below. Independent examiner's statement In connection with our examinatio￿ no matter has come to my attention: (l) which gives me reasonabl¢ cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act: and to prepare accounts which accord with the accounting records and cornply with the accounting requiT¢m¢nts of the 201 l Act; have not been me¢ or (2) to which, in our opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Date 2￿> Stephen Sellers Institute of Chartered Accountants in England and Wales For and on behalf of Grant Sellers, Chartered Accountants Bank Cou¢ 12 Manor Road, Verwoo(L Dorset, BH316DY l5 **** Charity registered number 1130729 The Parochial Church Council of the Ecclesiastical Parish of Verwood St. Michael and All Angels and All Saints Accounts for the year ended 31 December 2024 The Parochial Church Councll of the Ecclesiastical Parish of Verwood Contsnts Page Reference and administrativ¢ infomiation Statement of Financial Activities Balance Sheet Notes to the Accounts Report of the Independent Examiner 15 The Parochial Church Council of the Eccleslastlcal Parish of Verwood Board of Trusteeg The ejected Trus*es and Honorary Officers at the date of this report and holding office during the year were: Rev D Matthews Mrs J Palmer Mr N Gibson Mrs A Bal¢ Mrs J Baxendale Mr N Beacham Rev M Eaton-wells Mrs R Gr¢en Mrs B A Greenhalgh Mr S Greenhal8h Mrs S Hancock Mr M Hancock MrsEln Mr R Johnson Mr R Morgan Mr D Mo85 Mrs A Stephens Mrs J Steele Mr R Turvil Mrs B Walton Mr S Walton Mr J Weaver (Chair) (Secretsry) (Treasurer) (to 9.5.24) (Vice Chair) (to 9.5.24) (from 23.5.24) (to 9.5.24) (from 23.5.24) Reglstered Charity Number I13￿29 Charlty Addre Potterne Farni Cottage Potterne Way Three Legged Cross Wimborne BH2I 6RS Independent Exgmfjners Grant Sellers Bank Court 12 Manor Road V¢rwood Dorset BH316DY Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4J The Parochial Church Council of the Ecclesiastical Parish of Venvood ststement of financial activities for the ear ended 31 December 2024 Note Unrestricted Restricted* Totsl Funds 2024 2023 Incoming Resources Incomin8 resources from doDOts Oth¢r voluntary incorniDg 10SJ75 1.586 107.161 98331 2b 188.622 2.860 Investment Income Incoming resources from operating activiti¢s Activities for genernting funds 188,662 5,505 435 3,933 2,645 26.315 5.627 26JiS 5,627 29A35 4.023 TOTAL INCOMING RESOURCES 71 333 70 Resources Used Grants and charitable giving Activitie5 directly relating to the WO￿ of the thurch Cost of rnisin8 funds 4.868 1.814 AO52 JO.138 3b 141635 15318 157.953 15&063 TOTAL RESOURCL8 USED 147 03 168,201 N¢t Incomin￿OutgoiNg R￿OurCe 181.496 -12231 169,265 -32,(144 UNREALISED LOSS/GAIN ON INVESTMENT ASSETS 1.934 2238 4,In 10986 IYET MOVEMENfs IN FUNDS 173.437 Balances brought forward at 1st January 2024 416.648 97,007 SI1655 534.713 BalAnces VTTicd fon¥ard as of 31st DeCernb￿ 2024. 600,078 87,014 6fl,092 513,655 Statsment f financial actlvities for the ear ended 31 December 2024 The Charity has no reco￿ls¢d gains or loss4 other than those dealt with in thc staletnent of financial activiii¢s. The notes to the fitwiciEI stat¢ments providc iDfornution on movements in Ibe cb￿1￿,5 fi￿d$ dutiD8 the ycar. All incoming and out80ing re50urccs derive from continuing adivitics during the ¢utTeat and previov5 period. A listing of all Restricted Fund8 is at Note 13 to8eth¢r with a Stst¢m¢nt of FiD8ncial Activity for ￿h. The not¢s on pages S to 15 forni part of these acco￿1% The Parochial Church Councll of the Ecclesxastleal Parish of Verwood Balance heet as of 31st Deeember 2024 Unrestricted Restricted Funds Fwids Not¢ TOTAL FUNDS 2024 2023 FIXED ASSETS Tangible assets Heritage assets Investments 346.111 32,120 199.573 346,111 347,311 32,120 32,120 87.846 287,419 124,847 Total Flxed Assets 577,804 87,846 665,650 504278 CURRENT ASSETS Debtors 10 3,116 3,116 2,534 Cash at ba2)k and in hand 19,674 22,790 19,758 22,874 11,011 13.545 Total Current Assets 84 LIABLITIES Creditors: amounts falling due witbin one year -516 -916 -1,432 4.163 Net current assets 22274 -916 21.442 9,377 TOTAL NET ASSETS 600,078 87.014 687,092 513,655 PARISH FUNDS Unrestricted Restricted 14 14 600,078 600,078 416,648 87,014 97,007 87,014 687,092 513.655 87.014 600,078 Approved by 13 February 2025 Rev D Matthews Chair, Verwood Parochial Church CounGiI Charity number 1130729 The notss on pages 5 to IS forni part of these ￿cOUrtts The Parochial Church Council of the Ecclesiastical Parish of Verivood Note t the Accounts Accounting Pollcies General The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice 2019 (FRS102), "Accounting and Reporting by Cbarities" applicable UK accounting standards and the Charities Act 2011. The Charity bas tsken advantage of the exernption in Financial Reporting Standard l from the requirement to produce a cash flow statement on the grounds that it qualifies as a small Charity. The fmancial statements bave been prepared undtr the historical cost Convention except for the valuation of invesiment assets aud heritage assets, which are shown at market value. The presentation currency of the fllLqncial statements is the Pound Sterling and is rounded to the nearest £1. The Charity meets the definitioD of a public benefit entity under FRS IO2. l.b Fund5 General fijnds represent the funds of the PCC that aTe not subject to any restrictions regarding their use and are available for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are a150 unrestricted, The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of ChurLh groups that owe their main affiliation to another body nor those that are infonnal gatherings of Church members. Restricted funds fimds which are to be used in accord8llce with specific restrictions imposed by the donor andlor within restri¢t¢d purposes included in the objects of the Charity. Incomlng Resources Yolunlary Income and capital sourc Collections are recognised wben received by or on behalf of the PCC. Planned giving receivable under covenant or standing order is recognised only when received. Income tsx recovered on covenants or gift aid donations is recognAsed in the same year as the incorne to which it relates. Grants and legacies to the PCC are accounted for a8 soon as the money is received. Funds received by festivals and simiIar events are, wherever possible accounted for gross. Other ordinary Income Rental income from the letting of Church premises is reCo￿lsed when monies are received. The Parochxal Church Councfil of the Ecclesiastical Parish of Verwood N tes to the Aeeounts continued Accounting Policies (continued) Incomefrom investments Dividends and interest are accounted for when received. Gains and losses on invesiments Realised gain5 or losses are recogni5cd when invc5tmcnts are sold. Unrealised gains or losses are accounted for on revaluation of investments on 31 December. l.d Resources Used Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Actlvlties directly relaling to the work of the Church The diocesall quota or Parish Share is accounted for when payable. Any quota unpaid on 31 December is provided for in these accounts as an operational (though not a legal) liability and ig shown as a creditor in the Balance Sheet. (2023 was paid in full.) Governance costs Govcrllanc¢ Gosts comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to accountancy services. Fixed Assets Consecrated laiid and buildings and moveable Churchfurnishings Consecrat¢d and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. Moveable Church fuTnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal are considered to be inalienable property. SORP 2019 recommends that such property b¢ taken into the annual accounts as assets of the PCC. The PCC follows this recommendation for long tem] assets. known as 'heritage assets" which were professionally valued and are now included at the assessed current market valuation, Sept 2019. Since in general they retain their value or appreciate, no depreeÈation is charged. The cost of other furnishings IRS been written off as it was incurred. All expenditure incurred during the Ye￿ on consecrated or benefice buildings and movable Church furnishings. whether maintenance or impTovement, is written off as expenditure in the Statement of Financial Activities (SOFA) and separately disclosed. The Parochial Church Coullcil of the Ecclesiastical Parish of Venvood tes to the Accoun contlnued Accounting Policies (continued) Flxed Assets (contlnued) Otherfulures. fittings and equlpment Equipm¢nt used and repairs within the Parish Centre are written off in the year of ¢xp¢nditure. Property vesled In Salisbury Diocese SORP 2019 recomrnends that property procured by the PCC but vested in the Diocesan Board of Finance of the Salisbury DI0￿s< which therefore has sole title to i( should be shown as an asset in the PCC accounts. There are two properties which fall under this heading The land on which the Parish Centre was built. The PCC resolved to bring this into the accounts in 2003. It is valucd at cost and is not depreciated. All Saints Church, which the PCC resolved to bring iDto the accounts in 2006, is a freehold piop¢rty comprising the building and the land on which it is built. It Is valued in the accounts at cost and is not dq)￿C1ated All repairs and minor Improvements are written off in the year of expenditure. The Parish Centre building, which is a propety which is built on land owned by Salisbury Diocese but which rights pertaining to that propety rest with the PCC (excluding consecrated land and buildings as detailed above), is shown as an assel at cost, less aDnual depreciation of £1200. Investments Investments are valued at market value as of 31 December 2024 Current assets Amounts owing to th¢ PCC on 31 December aTC shown as debtors Icss provision for amounts that rnay prove uncollectable. Short terni deposits include cash held at the ban l.g Volunteers And donated services The value of services provided by volunteers is not incorporatd into these financial statements. There was one relatal paty transaction during the year. The Treasurer, Mr N Gibson. was in receipt of a payment for perforn]ing redecornting works in the Parish Office, whi¢h was approved by tbc trustees. The Parochial Church CouncAI of the Ecclesiastical Parish of Verwood Incoming Resources Uttffstricted Restricted Funds Total Funds 2023 2024 2(a) Jncoming resources from donors Pl8nn¢d giving: Income lax refunds Collections Special collections Donations 74.107 20.859 6.589 74,107 20,859 6.589 67,577 17.642 6.101 4,555 1456 4,020 402 4.422 105 575 107 161 2(b) Olher voluntary Incomlng resourc Grants Choir and or8an ineomeldollations Pari5b centrc donitioll Incom¢ from Maton Legacies Totsl 434 188.188 434 188.188 188.662 435 435 2(c) Ineomefrom investments Bank Interest Teceived Dividends received Total 39 2.821 39 5,465 2.645 3,899 2(d) Incoming resources from operndAg acrfvili Parish Centre hire TrAeeling Room hire All Saints hire Fees Other Utility Refunds 18,435 3,223 18,435 3223 17.222 2.063 5.425 3.748 938 39 2,772 1,023 801 2.772 1.023 801 Total 315 26 15 2(e) Fundgeneraling adivi.ties Fundraising arAivities Talcnts 5.627 5.627 4,020 Total 5.627 Total Incoming Resources 27 The Parochial Church Council of the Ecclesiastical Parish of Verwood Notes t the Accounts contlnued Resources Used Unrestricted Restrict¢d Funds Funds Tots] Funds 2023 2024 3(a) Grants and Charitable glvlng Outrea¢h (5% of income) Restricted givin8 Other Barry NIArtin Di5creuoDw Fund 4.238 4.2J8 804 630 380 5,263 4,555 180 140 804 630 380 Total 3{b) Actlvities directly reladng lo the work ofthe Church Parlsh share Cl¢r8y expenses Church running costs Parish Centre Nnnin8 costs Parish C¢ntre irnprovements Services choir and or8an Supporl costs (sec note 4) Church llclivitie5- other D¢pre¢iition 92,313 4,108 9,869 10.448 92313 4,108 10,884 10.440 824 8.047 28Jll 1.617 1200 85.475 2.374 15,117 17.138 1,015 824 5.169 2,878 20,846 973 J200 7.020 28.841 898 1.200 Totol 142635 157952 158 063 Total Resources Used 147 503 Support Costs 2024 2023 Office costs Audit fees Sundries 26.462 1.140 720 27,773 960 148 The Parochial Church CouDcil of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Staff Costs 2024 2023 Wages and salaries 23.125 24,817 During the year the PCC employed One part time staff member at the Parish Office and one part time cleaner for the Parish Centre. A part time Children's Worker was in post all yeaT. No one earned more than £60.000 per annum. Employers National Insurance contnbutions wer¢ niL Our contribution to our employees defined pension scheme was £102. Gains or loss￿ on invthents Dividends received frorn investments are shown within income from investsnents. As r¢oommen(kd in SORP 2019, gains both from the movement in the market value of the shares that have not been soliL unrealised gains, and on shares that have been SO1￿ realised gains, are now shown as profits on our investment a&sets. Fiyed assets Vest ParAsh Centre BF All Land Building Saints Totsl Fixtures Heritage A&sets Cost or ValuatloN A5 at l Janw 2024 270.017 91,704 3.054 31120 442.895 As at 31 Decell￿ 2024 270.017 91.704 3,054 31lXI 441895 Depred#tt•n As at l January W24 Chw8ed in ytar As at 31 Decernbtt 2024 60,410 iJoo 61￿10 3.054 63.464 1200 64.664 3.054 Net Book Value As at31 December 2024 208,407 91,7( 31120 378.231 As * 31 December 2023 209.fA17 91,7fy1 31120 379.431 In 2003 the c05t of the freehold land w)on which the Parish Ccntrc is built was entercd at C05t into the accounts. Title to the laod, and therefore the building on IL rests solely with Salisbury. However. the proceeds of any sale would become part of the PCC'S general fi￿dS and they are therefore shown as assets of the PCC vested in the Diocesan Board of Finance of the Salisbury Diocese. io The Parochial Chllrcb Counell of the Ecclesiastical Parish of Verwood Notes to the Accounts Continued For the same reasons, in 2006 All Saints Church. a freehold property. was brought into the accounts at cost. of £91,704, as an asset vested in the Diocesan Board of Finance of th¢ Salisbury Diocese. Heritage assets were entered into the accounts in 2005 at market valuation. These assets were revalued in September 2019 by an independent valuer. The PCC decided in 2004 thaL with an expected lifr of the Parish Ceotre building well in excess of 50 years, an atmual depreciation of £1.200 would be more appropriate at this tim¢: it has ￿s0 decided that the rate of depreciation should be reviewed at five-yearly intervals. at the sam¢ time as thc quinqu¢Dnial inspection. The latest review was conducted in February 2025 and the existing policy re-approved at the PCC meeting that month. All repaiJ3 and minor improvenients are written off in the yeaT of expenditure. Inveslment Assets These are investments h¢ld in CBF Church of England Fund Jneome Shares. They have been valued on 31 December 2023 at Bidloffer pri¢e of 2,260.53p per share (2021 at 2,064.59p per share). 2024 No of shares 2023 No of shares Unrestrlcted General accoullt Restrlcted Bequest and other restricted funds account 8,631.04 199,573 1,189.29 26,884 3,799.13 87,846 4J33.64 97,963 Total 287,419 124,847 There was one withdrawal from the General Fund, of £7,500. Two contributions were paid in totalling £175,000. Two withdrawals were made from the Restricted FuDd, totslling £15,000. Excluded from our accounts are restricted funds that are held in a related "Incumbent and Churchwardens Trust for ecclesiastical purposes" by the Salisbury Diocesan Board of Finance as follows: 2024 2023 Maton Invesknents 16,278 15.914 li The Parochial Church Councll of the Ecclesiastical Parish of Verwood Notes to the Accounts continued Cash at Bank and in hand Unrestricted Restricted Funds Funds Total Funds 2024 2023 Cash at Bank Cash in Hand 19.655 19 84 19,739 19 10,993 18 Totals 19.674 19,758 11.011 10. Debtors 2024 2023 HMRC Income Tax refund General Debtors 3,116 1.532 1,002 Total 3,116 2.534 11. Creditors due within oneyear 2024 2023 General Creditors British Gas (five accounts) Totsi 1,432 2.891 1.277 4,168 1,432 12. Transfers between Funds There were none during 2024. 13. Post Balance Sheet Note Since the end of the year the PCC is intending to replace the electrical system throughout the Church at St Michaels. The anticipated cost is in the order of £25,000 to £30,000 and will be undertsken in 2025. 12 The Parochial Church Council of the Ecelesiastical Parish of Verwood otes to the Accounts contlnued 13. Funds within the accounts Restrlcted funds Where rnonies have been donated or bequeath¢d for specific PUTposes a restricted fund is set up within the accounts. Our current restricted funds are as follows: SpeclAI Collections for distinct and specific cause, usually not the Church Bequest For bequests with a specific purpose, generally the improvement or maintenance of th¢ Church For choir earnings and expenditure To control monies specific to the organ and its maintenance For youtb ministry For those in financial hardship. Exercised exclusively at the discretion of the Vicar. Choir Organ Youth Barry Martin Deslgnated Funds These are funds set up by the PCC for specifjc purposes. However, the rnonies within them can be re-allocated, or returned to the General Fund, by the PCC, if an appropriate authorisatioll is made. Sonie donated funds are subject to recall if the designated PUEpose is not pursued. 14. Analysis of net assets betweenfunds General Fund Restricted Funds Totsl Funds Fixed assets 346,111 346,111 Heritage assets 32,120 32,120 Investments 199,573 87.846 287,419 Debtors 3,116 3,116 Cash at bar 19,674 84 19,758 Creditors -516 916 -1.432 Balance at 31 December 2024 600,078 87,014 687,091 13 The Parochial Chureh Council of the Ecclesiastical Parish of Verwood Notes to the counts continued 15. Reconciliation of movements betweenfunds - Restricted A statement of financial actiVIty for each of the restricted funds for the year ended 31 December 2024. Special Bequest Choir Organ Youth Discr¢tion Totsl IncomlDg resourees From donors 1,184 362 40 1.586 From Other voluntary resources Income from investments 40 1,222 1.222 201 2,645 Total incoming resourees 1,184 362 1,262 1222 201 4,271 Resources used Donations Church work 1,184 1.184 15J18 3.059 2.68 l 2.488 7,090 Total reso)Jrces used 1.184 3.059 2.681 2,488 7,090 16.502 Net resources -2.737 -1.419 -1.266 -7,090 201 -12231 Investment gains 416 841 841 2,238 Net movement ID funds -2,143 -219 -7.090 402 -9,993 Balance on I January 2024 45,129 1527 3.251 45,444 1.655 97,007 Balance on 31 December 2024 42,987 1,308 3.185 38.354 2.057 87,014 Fund Assets- Restricted and Designated All Restricted Funds aTe held as investments within one CBF Church of England Fund, known as our Bequest Fund. Some limlted amounts ar¢ held in the CatBank cllrtent account 14 The Parochlal Church Council of the Eccleslastical Parish of Verwood Independent Examlners, report to the trn$tees of the Parochlal Church Councu of the EccleslAsdc81 Parlsh of Verwood We report on the Charity's accounts for the year ended 31 December 2024. which are set out on pages three to fourteen. Respectlve rejponslbllltles of trustees and examlner The Charity's TTh￿teeS are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not iequired for this Ye￿ under section 144(2) of the Charitie5 Act 2011 (the 2011 Act) and that an independent examination is required. The Charity's gross incorne exceeded £25,000 and we are qualified to undertake the examination by being a qualified member of ICAEW. It is our Tesponsibility to: examine the accounts (under section 145 of the 2011 Art). to follow the procedures laid down in the F¢neral Directions given by the Charity Commissioners under seclion 145 (5) (b) of the 2011 Act: and to state whether parti¢ulaT matters bave come to our attention. Basls of IDdependcnt examlner's report Our examination was conducted in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and comparison of the accounts presented with those records. It also imcludes consideration of 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 ID 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 tbose matters set out in tbe statement below. Independent examiner's statement In connection with our examinatio￿ no matter has come to my attention: (l) which gives me reasonabl¢ cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act: and to prepare accounts which accord with the accounting records and cornply with the accounting requiT¢m¢nts of the 201 l Act; have not been me¢ or (2) to which, in our opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Date 2￿> Stephen Sellers Institute of Chartered Accountants in England and Wales For and on behalf of Grant Sellers, Chartered Accountants Bank Cou¢ 12 Manor Road, Verwoo(L Dorset, BH316DY l5