**Report of the Trustees and Financial Statements of the Parochial Church Council For the year ended 31st December 2024**
**The Parochial Church Council of the Ecclesiastical Parish of Christchurch Holy Trinity Registered Charity 1130918**
Page 1 of 32
2024
## VICAR
The Reverend Canon Charles Stewart The Vicarage 13A Church Street Christchurch Dorset BH 23 1BW
## **BANKERS**
National Westminster Bank PLC The Square Bournemouth Dorset BH1 1DU
CAF Bank Limited 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ
CCLA Investment Management Limited The CBF Church of England Funds Senator House 85 Queen Street London, EC4V 4ET
## **ACCOUNTANTS**
## **STATUTORY AUDITORS**
Tide Accounting Limited The Nurseries, Burnt House Lane Bransgore, Christchurch, Dorset, BH23 8AL
Morris Crocker Chartered Accountants Station House, North Street Havant, PO9 1QU
## **SOLICITORS**
## **ARCHITECT**
The Diocesan Registrar Batt Broadbent Solicitors LLP 42 – 44 Castle Street Salisbury, SP1 3TX
Chantrey Conservation Architects Limited The Studio, St Omer, The Street Draycott, Somerset, BS27 3TH Draycott, Somerset, BS27 3TH
Page 2 of 32
2024
## **Aim and Purposes**
The registered name of the PCC is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY (the Charity). The registered number of the charity is 1130918, and statutory information regarding the Parish may be found on the Charity Commission website, which is updated following the Annual Parochial Church Meeting.
The Parochial Church Council of The Ecclesiastical Parish of Christchurch Holy Trinity (PCC) has responsibility for promoting within the ecclesiastical Parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical, in cooperation with the Incumbent.
There are three Churches within the Parish. The Parish Church is Christchurch Priory, and our two daughter Churches, namely St. George's Church, Jumpers, and St. John's Church, Purewell.
Members of the PCC are the trustees of the Charity and present their report with the financial statements of the Charity for the year ending 31 December 2024. The Trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Parish of Christchurch is situated in the town of Christchurch, Dorset, it is part of the diocese of Winchester within the Church of England. The correspondence address is the Priory Offices, Priory House, Quay Road, Christchurch, Dorset, BH23 1BU.
## **Objects and Activities**
The PCC, through its members, officers and committees, has oversight of all aspects of our ministry and mission. This ministry focuses principally on worship, prayer, mission, fellowship, discipleship and active involvement in the local community. A key objective is to make it possible for people of all ages to engage with the Christian faith, whether in our church or in the wider community.
When planning our activities for the year, the incumbent and the PCC have considered the enabling of ordinary people to live out their faith as part of our parish community through;
- Worship and prayer
- Small groups learning about the gospel and developing their knowledge and trust in Jesus
- Provision of pastoral care for people living in the parish
- Outreach work
All the above embracing the four principles of HeartEdge.
- Commerce: generating finance through enterprise; so raising the funds to sustain and extend mission and ministry; having commercial activities available within Church that demonstrates a wider understanding of the faith.
- Compassion: engaging local need and addressing social justice; being compassionate with those excluded or in trouble, in a way that enhances community.
- Culture: through music, art, and other performance possibilities, to make space give for the imagination, selfexpression, an opportunity to re-imagine the Christian narrative for the present.
- Congregation: by developing and encouraging the congregation, enabling us to become a community of hope and a blessing to others
To facilitate this work it is important that we maintain the fabric of the Churches in our care
Page 3 of 32
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## **Achievements and Performance**
**Worship** : This is at the heart of all we do. We aim to offer regular public worship, open and accessible to all, with a strong emphasis on liturgical excellence grounded in sacrament, scripture, music and prayer. We also aim to offer occasional offices – baptisms, weddings, funerals – as part of our pastoral offering to the community. We believe this constitutes a significant public benefit.
**Pastoral Care** : We aim to offer high-quality pastoral care, both to those who worship with us and also to people in the neighbourhood who need pastoral help. This includes visiting those who are unwell and care for the bereaved.
**Mission and Outreach** : We seek to advance the whole mission of the Church, through outreach work and engagement in the parish, and the provision of activities for the whole range of members, not least children, young people and their families. We also aim to provide spaces where community groups can hold meetings.
**Masterplan:** The Masterplan, with its seven distinct projects, is firmly established as a major priority for the coming years. We are in conversation with the National Lottery Heritage Fund, the Nave Roof has been placed in Historic England’s Heritage at Risk Register, and fundraising to Trusts and Major Donors is underway. The purpose of the Masterplan remains to secure the Parish’s viability and the Parish’s fabric for the coming decades.
**Music** : One vital aspect of our focus on worship is our music provision, seen in our commitment to enabling the Priory Church’s choral foundation to flourish. We want to make it possible for as many as wish, young and adult, to join one of the parish’s choirs.
**Education** : We seek to support the Priory Church of England VA School, through providing collective worship, involvement in appointing Foundation Governors, support extra-curricular Christian activities, and supporting music in the school. We also work with other schools in the parish and the surrounding area.
**Civic Ministry** : The Priory Church has an extensive civic ministry. We aim to fulfil our civic responsibilities and opportunities in collaboration with Bournemouth, Christchurch, and Poole (BCP) Council, Christchurch Town Council and a wide range of local partners. We believe this, too, brings considerable public benefit.
**Discipleship** : The purpose of discipleship is to make it possible for people to grow in their Christian faith; this happens principally through sermons, courses and small group studies.
**Culture** : The Priory Church is the main cultural venue in the area; as such our aim is to support other local organisations, including choirs, musicians and artists, by providing a space for concerts and exhibitions.
**Fabric** : For our ministry and mission to flourish, it is important that the fabric of the parish is kept in good order; specifically, that the Priory Church, St George’s Jumpers, St John’s Purewell, Priory House and Grounds, St. George’s Hall, and other buildings under the PCC management are well maintained and, when necessary, conserved and repaired.
**Sacred Space:** The existence of the Priory, and the fact that it is open, means we seek to make its sacred space accessible for personal prayer and contemplation.
**Charitable Support** : We regularly support emergency/disaster appeals, as part of our outward giving.
**Deanery Synod** : Three members of the PCC sit on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church.
Page 4 of 32
2024
## **Financial Review**
Income and Endowments saw a reduction year on year of £527,000. This was a direct result of the decrease in restricted fund income, down on prior year by £725,000. The other areas of income, performed well and saw increases over and above prior year raising the figure back up.
Expenditure saw a marginal increase against the prior year figure, a result of the increased cost of raising funds of £106,000.
The year saw the balance sheet remain fairly steady with marginal changes to current assets and liabilites year on year. Fixed asset values fluctuated as a result of the unrealised gains (revaluations) made on land and buildings but overall were reduced by depreciation.
The churches property portfolio saw income from rents of £44,450. This is offset by letting agent charges and the cost of refurbishing the properties once vacated. We saw tenancy changes in 3 of the 4 properties during the year.
The planned giving through envelopes and banker’s orders was £160,000. This is an increase on prior year of £35,000.
There have been no significant legacies during the financial year. Whilst we have preliminary information regarding some pending legacies which are in the pipeline, these will not be realised until the new financial year, pending successful closure of the estate by the relevant executors.
It is important to note, that expenditure continues to exceed revenue at this time. Unrestricted reserves are being eroded at a significant but not alarming rate. Without replenishment these reserves will only last so long. It is therefore imperative to secure further legacy donations, without restriction, to give the church flexibility in its operation and in order to safeguard its future.
## **Investment and Reserves Policy**
## **Investment Policy:**
The Finance Committee, acting in consultation with and under the authority of the PCC, continues to place funds on deposit, and these should be available on demand.
Investments we have in the CBF Deposit funds are in keeping with our overall objectives of being social, environmental, and ethical.
## **Free Reserves Policy:**
The free reserves of the Parish, available to meet day to day running expenses, increased to £69,921 as at 31 December 2024 (see note 14 page 21)
Apart from the Gue Legacy of £6,911, which can only be used for the benefit of St John’s, the remaining unrestricted funds of £546,537 have been designated by the PCC. There will be a need to re-designate some of these funds for general purposes.
A full summary of accumulated funds as at 31 December 2024 is on page 21 of this Report.
Page 5 of 32
2024
## **Structure, Governance and Management**
## **Remuneration policy**
We place great value on our highly talented, dedicated, and passionate staff team, without whom we could not deliver against our vision, mission and objectives. Our remuneration policy is aimed at ensuring that pay is competitive within our sector, rewards staff fairly and enables the staff team to feel valued.
Our principles are to reward staff, irrespective of seniority informed by the following:
Fairness: without discrimination and with attention to cross-entity parity
Differentiation: to reflect a combination of what is achieved and the way it is achieved. Compliance: with all HMRC and Charity Commission requirements.
Affordable: with good stewardship.
## **Christchurch Priory Enterprises Limited**
The Financial Statements of Christchurch Priory Enterprises Ltd (Registered Company number 01883301) are fully consolidated within the PCC’s Financial Statements, in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) (FRS 102).
The PCC is the Beneficial Owner of 100% of the Issued Share Capital of Christchurch Priory Enterprises Ltd and exercises its control through nominee shareholders appointed by the PCC. All of the profits of the Company are transferred to the PCC for the benefit of Christchurch Priory.
## **CHRISTCHURCH PRIORY ENTERPRISES LIMITED**
## **Profit and Loss Account**
**for the year ended 31 December 2024**
**----- Start of picture text -----**
2024 2023
£ £
Turnover 260,334 227,101
Cost of sales (103,598) (80,917)
Gross profit 156,736 146,184
Distribution costs - -
Administrative expenses (153,332) (116,859)
Other operating income 539 -
Operating profit 3,943 29,325
- -
Profit on the disposal of tangible fixed assets
- -
Profit on the disposal of investments
Gain on revaluation of investments - -
Income from investments - -
Interest receivable - 225
- -
Interest payable
Profit before taxation 3,943 29,550
- -
Tax on profit
Profit for the financial year 3,943 29,550
**----- End of picture text -----**
Page 6 of 32
2024
## **PCC Membership**
The method of appointment of PCC members is set out in the Church Representation Rules. At the Parish of Christchurch the membership of the PCC are detailed below. The full PCC met eleven times during the year with an average attendance of 90%
During the period since 1st January 2024, the following served as members of the PCC:
## _Ex Officio members_
|_Ex Officio members_|_Ex Officio members_|_Ex Officio members_|
|---|---|---|
|Incumbent
The Reverend Canon Charles Stewert
Chairman
Ass. Priest
The Reverend Richard Partridge
Curate
The Reverend Samuel Duckhouse
Wardens:
Mrs Tracy Froud
Mr Colin Bacchus
Deputies
Mr Jeff Perkins
Mr Lester Ruckley
_Elected Members_
Dr James Morton *
Vice Chairman
Mr Michael Beams *|||
||Miss Diana Conway- French|(To retire at 2025 APCM)|
||Mrs Joyce Davies
Mrs Ro Hadland *
Mrs Anusha Hesketh
Mr Roger Haxby *
Mrs Sue Haxby *|(To retire at 2025 APCM)|
||Mr Roger Mason||
||Dr Ian Nelemans||
||Mrs Penny Nelemans|(To retire at 2025 APCM)|
||Mrs Carole Perkins||
||Mrs Jean Pitcher|(To retire at 2025 APCM)|
||Mrs Pat Richards||
||Mr Greg Rolls||
||Mrs Diane Wright *||
||Ms Jenny Fisher|(To retire at 2025 APCM)|
||Ms Hazel Baker||
||Mr Lester Ruckley||
|_Co-opted_|Mrs Josephine Cameron|PCC Secretary ( from october 2024 )|
|_* Indicates Deanery Synod Members terms ending_||_2026_|
Page 7 of 32
2024
## **The PCC of Christchurch**
## **Financial Statements for the year ending 31[st] December 2024**
**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024**
|D
Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2(a)
Other trading activities
2(b)
Investments
2(c)
Charitable activities
2(d)
Other
2(e)
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON
Charitable activities
3(a)
Raising funds
3(b)
Other
3(c)
TOTAL EXPENDITURE
Realised gains
5(a)
Unrealised revaluation gains / (losses)
5(b)
NET GAINS/ (LOSSES)
NET (EXPENDITURE) / INCOME
BALANCES AT 1 JANUARY 2024
BALANCES AT 31 December 2024|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
356,581
27,319
0
383,900
993,667
469,595
107,384
0
576,979
486,010
6,679
116,786
5,365
128,830
141,790
52,330
0
0
52,330
49,964
9,654
0
0
9,654
7,238
894,839
251,489
5,365
1,151,693
1,678,669
825,198
142,508
5,365
973,071
992,741
380,470
0
0
380,470
277,010
41,807
540
0
42,347
53,822
1,247,475
143,048
5,365
1,395,888
1,323,573
0
0
3,716
3,716
0
21,560
22,458
30,014
74,032
24,395
21,560
22,458
33,730
77,748
24,395
(331,076)
130,899
33,730
(166,447)
379,491
2,219,458
3,320,231
3,279,940
8,819,629
8,440,138
1,888,382
3,451,130
3,313,670
8,653,182
8,819,629
TOTAL FUNDS|
|---|---|
The notes on pages 11 to 28 form part of these Financial Statements.
Page 8 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY CONSOLIDATED BALANCE SHEET AS AT 31 December 2024**
|||Unrestricted|Restricted|Endowment|TOTAL FUNDS|TOTAL FUNDS|
|---|---|---|---|---|---|---|
||Note|Funds|Funds|Funds|2024|2023|
|||£|£|£|£|£|
|FIXED ASSETS|||||||
|Tangible|||||||
|Freehold land and buildings|4(a)|811,530|622,042|2,863,025|4,296,597|4,234,987|
|Fixtures and equipment|4(b)|49,335|78,091|0|127,426|147,178|
|Building refurbishments|4(c)|388,030|124,600|0|512,630|578,598|
|Investments|4(d)|62,835|34,168|450,645|547,648|619,128|
|TOTAL FIXED ASSETS||1,311,730|858,901|3,313,670|5,484,301|5,579,891|
|CURRENT ASSETS|||||||
|Stock||29,899|0|0|29,899|25,191|
|Debtors and prepayments|6|59,714|4,679|0|64,393|36,491|
|Bank and cash balances||623,749|2,587,550|0|3,211,299|3,247,277|
|LIABILITIES||713,362|2,592,229|0|3,305,591|3,308,959|
|Creditors and accruals|7|(136,710)|0|0|(136,710)|(69,221)|
|NET CURRENT ASSETS||576,652|2,592,229|0|3,168,881|3,239,738|
|NET ASSETS||1,888,382|3,451,130|3,313,670|8,653,182|8,819,629|
|REPRESENTED BY|||||||
|Accumulated funds|14||||||
|Unrestricted||1,888,382|0|0|1,888,382|2,219,458|
|Restricted||0|3,451,130|0|3,451,130|3,320,231|
|Endowment||0|0|3,313,670|3,313,670|3,279,940|
|||1,888,382|3,451,130|3,313,670|8,653,182|8,819,629|
Approved by the PCC of The Ecclesiastical Parish of Christchurch Holy Trinity and signed on its behalf by:
Reverend Canon Charles Stewart Chairperson of the PCC 25th May 2025
The notes on pages 11 to 28 form part of these Financial Statements.
Page 9 of 32
2024
|**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY**
**CONSOLIDATED CASHFLOW STATEMENT**
**YEAR ENDED 31 DECEMBER 2024**
Cash flows from operating activities:
Net movement in funds for the reporting period
(as per the Statement of Financial Activities)
Adjustments for :
Depreciation
(Profit) on sale of fixed assets
Surplus / (Loss) on revaluations
(Increase) / Decrease in stocks
Decrease / (Increase) in debtors
(Increase) in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of plant and equipment, building refurbishments
Visitor Centre expenditure
Proceeds from the sale of investments
Purchase of investments
Internal debtors less creditors
Net cash provided by investing activities
Cash and equivalents at the beginning of the reporting period
Cash and equivalents at the end of the reporting period|£
£
£
£
(166,447)
379,491
88,375
94,261
(3,716)
0
(74,032)
(24,395)
(4,708)
(2,944)
12,761
37,503
26,829
45,509
(23,190)
81,235
(120,938)
460,726
(2,655)
0
0
0
87,618
0
0
(1,345)
(3)
0
84,960
(1,345)
(35,978)
459,381
3,247,277
2,787,896
3,211,299
3,247,277
2024
2023|
|---|---|
The notes on pages 11 to 28 form part of these Financial Statements.
Page 10 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024**
**2 INCOME AND ENDOWMENTS FROM**
|(a)
**Donations and legacies**
Planned giving:
Gift Aid donations
Parish Giving Scheme
Tax recoverable
Other planned giving
Collections (open plate)
Gift Aid Small Donations Scheme (GASDS)
Mary Waterfield Charity
Donations Box
Visitors Box
General donations, appeals etc
Legacies
Friends of Christchurch Priory
Special Collections
(b)
**Other trading activities**
Christchurch Priory Enterprises Ltd
Shop
Catering
Church Hall lettings
Wickfield Avenue rent
St George's House rent
Priory House lettings
Priory House Fund
Fund-raising events
Music Fund
St Michael's Loft Museum
Floodlights
Flowers
Parish Office external charges|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
36,600
170
0
36,770
540,918
38,986
0
0
38,986
47,832
2,143
0
0
2,143
146,668
4,995
0
0
4,995
14,542
82,724
170
0
82,894
749,960
102,455
0
0
102,455
35,552
0
0
0
0
2,000
8,523
0
0
8,523
7,300
7,576
0
0
7,576
40,915
0
410
0
410
633
(146)
26,115
0
25,969
30,305
26,596
624
0
27,220
114,714
128,853
0
0
128,853
3,000
0
0
0
0
9,288
356,581
27,319
0
383,900
993,667
47,428
0
0
47,428
43,247
212,906
0
0
212,906
183,854
25,379
0
0
25,379
20,179
17,100
0
0
17,100
16,800
9,900
0
0
9,900
13,200
5,247
0
0
5,247
0
0
107,384
0
107,384
87,127
147,028
0
0
147,028
116,332
0
0
0
0
0
3,415
0
0
3,415
1,925
569
0
0
569
1,083
623
0
0
623
518
0
0
0
0
1,745
469,595
107,384
0
576,979
486,010
TOTAL FUNDS|
|---|---|
Page 11 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**2**
**INCOME AND ENDOWMENTS FROM (continued)**
(c)
**Investments**
Bank interest
Dividend Income:
Christchurch Priory Building Conservation Trust
Lindop Fund (Priory - Music)
Tithe Chancel Fund (Priory - Insurance)
White-White Fund (Priory - Fabric)
Music Fund (Priory - Music)
Master Plan
Parish Benevolent Fund
(d)
**Charitable activities**
Parochial fees retained
Parish News
Garden of Rest
Votive Candles
Outreach
(e)
**Other**
Listed Places of Worship Grant Scheme
- general
Covid 19 government grants
- CJRS (employee furlough)
- RHLGF (local authority retail)
Recharge of salaries
Culture Recovery Grant (Phase 5)
Donations to CPEL
Parish energy grants
Sale of shares
Other grants (St George's)
TOTAL INCOME AND ENDOWMENTS|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
6,679
29,704
0
36,383
132,260
0
64,927
0
64,927
0
0
0
4,507
4,507
4,438
0
0
0
0
888
0
0
858
858
844
0
927
0
927
2,568
0
20,692
0
20,692
0
0
536
0
536
792
6,679
116,786
5,365
128,830
141,790
22,558
0
0
22,558
20,057
0
0
0
0
993
21,679
0
0
21,679
21,589
8,093
0
0
8,093
7,325
0
0
0
0
0
52,330
0
0
52,330
49,964
9,654
0
0
9,654
7,238
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,654
0
0
9,654
7,238
894,839
251,489
5,365
1,151,693
1,678,669
TOTAL FUNDS|
|---|---|
Page 12 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**3**
**EXPENDITURE ON**
(a)
**Charitable activities**
Discretionary missionary and charitable giving:
Home missions and Church societies
Priory School
Secular charities (including relief agencies)
Special Collections|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
0
35,809
0
35,809
17,983
0
0
0
0
3,125
6,434
0
0
6,434
1,272
6,434
35,809
0
42,243
22,380
0
6,470
0
6,470
9,288
TOTAL FUNDS|
|---|---|
|||
|Ministry:
Common Mission Fund
Clergy allowances
Other clergy costs
Church running expenses
Church maintenance
Abortive Development Costs (Visitor Centre)
Covid 19 costs
Priory restoration and conservation
Upkeep of services
Organists, choir and music
Training costs - Education
Priory House Fund
Upkeep of:
Garden of Rest
Church Halls
Priory House
St George's House
Wickfield Avenue
Salaries
Depreciation
Professional fees:
- accountancy & consultancy
- audit
- investment portfolio management fees
Miscellaneous|121,075
0
0
121,075
121,860
0
0
0
0
4,931
0
0
0
0
407
66,888
0
0
66,888
88,170
177,660
40,710
0
218,370
191,722
0
0
0
0
0
0
0
0
0
0
13,946
4,322
858
19,126
51,708
0
0
0
0
5,994
7,023
927
4,507
12,457
54,247
1,667
0
0
1,667
1,318
0
27,310
0
27,310
25,701
0
0
0
0
15,566
0
0
0
0
7,159
51,201
0
0
51,201
28,955
0
0
0
0
1,905
3,090
0
0
3,090
2,371
286,908
0
0
286,908
221,018
64,067
24,308
0
88,375
94,261
11,984
40
0
12,024
30,073
12,466
0
0
12,466
12,198
0
2,613
0
2,613
0
789
(1)
0
788
1,509
825,198
142,508
5,365
973,071
992,741|
Page 13 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**3**
**EXPENDITURE ON (continued)**
(b)
**Raising funds**
Donations and legacies
Christchurch Priory Enterprises Ltd
- Shop
- Catering
Music Fund
Events
Miscellaneous projects
(c)
**Other**
Support costs (see Note 11)
Miscellaneous (including Priory signage)
TOTAL EXPENDITURE|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
4,058
0
0
4,058
1,127
28,624
0
0
28,624
23,622
228,306
0
0
228,306
174,154
0
0
0
0
0
72,365
0
0
72,365
75,569
47,117
0
0
47,117
2,538
380,470
0
0
380,470
277,010
33,576
0
0
33,576
33,765
8,231
540
0
8,771
20,057
41,807
540
0
42,347
53,822
1,247,475
143,048
5,365
1,395,888
1,323,573
TOTAL FUNDS|
|---|---|
Page 14 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**4**
**TANGIBLE FIXED ASSETS**
**(a)**
**FREEHOLD LAND AND BUILDINGS: PCC FUND**
CHURCH HALL
St George's Hall
1 January
31 December
Valuation at 31 December 2024
RESIDENTIAL PROPERTIES
15 Wickfield Avenue
1 January
Unrealised revaluation gain/ (loss)
31 December|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
345,000
0
0
345,000
345,000
345,000
0
0
345,000
345,000
345,000
0
0
345,000
345,000
0
600,348
0
600,348
611,949
0
21,694
0
21,694
(11,601)
0
622,042
0
622,042
600,348
TOTAL FUNDS|
|---|---|
|St George's House||
|1 January
Unrealised revaluation gain
31 December
Valuation at 31 December 2024
TOTAL AT VALUATION
TOTAL UNREALISED GAINS/ (LOSS)|450,260
0
0
450,260
458,961
16,270
0
0
16,270
(8,701)
466,530
0
0
466,530
450,260
466,530
622,042
0
1,088,572
1,050,608
811,530
622,042
0
1,433,572
1,395,608
16,270
21,694
0
37,964
(20,302)|
Page 15 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
## **4 TANGIBLE FIXED ASSETS (continued) (a) FREEHOLD LAND AND BUILDINGS (continued): PRIORY HOUSE FUND**
|PRIORY HOUSE FUND
Priory House
1 January
31 December|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
0
0
1,300,000
1,300,000
1,300,000
0
0
1,300,000
1,300,000
1,300,000
TOTAL FUNDS|
|---|---|
|Priory Cottage||
|1 January
Unrealised revaluation gain/ (loss)
31 December|0
0
654,379
654,379
667,024
0
0
23,646
23,646
(12,645)
0
0
678,025
678,025
654,379|
|Old Stable Block||
|1 January
31 December|0
0
150,000
150,000
150,000
0
0
150,000
150,000
150,000|
|Car Park||
|1 January
31 December|0
0
675,000
675,000
675,000
0
0
675,000
675,000
675,000|
|Pleasure Gardens||
|1 January
31 December
TOTAL AT VALUATION
TOTAL UNREALISED GAINS/ (LOSSES)
TOTAL|0
0
60,000
60,000
60,000
0
0
60,000
60,000
60,000
0
0
2,863,025
2,863,025
2,839,379
0
0
23,646
23,646
(12,645)
811,530
622,042
2,863,025
4,296,597
4,234,987|
Page 16 of 32
2024
**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
**4 TANGIBLE FIXED ASSETS (continued) (b) FIXTURES AND EQUIPMENT**
|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
GENERAL
£
£
£
£
£
Gross book value
1 January
246,468
277,096
0
523,564
523,564
Additions
1,878
0
0
1,878
0
31 December
248,346
277,096
0
525,442
523,564
Depreciation
1 January
183,890
192,497
0
376,387
354,450
Charge for the year
15,899
6,508
0
22,407
21,937
31 December
199,789
199,005
0
398,794
376,387
Net book value 31 December 2024
48,557
78,091
0
126,648
147,177
Net book value 31 December 2023
62,578
84,599
0
147,177
169,114
CHRISTCHURCH PRIORY ENTERPRISES LTD
Gross book value
1 January
8,103
0
0
8,103
8,103
Additions
777
0
0
777
0
31 December
8,880
0
0
8,880
8,103
Depreciation
1 January and 31 December
8,102
0
0
8,102
8,102
Net book value 31 December 2024
778
0
0
778
1
Net book value 31 December 2023
1
0
0
1
1
TOTAL NET BOOK VALUE
31 December 2024
49,335
78,091
0
127,426
147,178
31 December 2023
62,579
84,599
0
147,178
169,115
**(c )**
**BUILDING REFURBISHMENTS (Priory House and St George's Hall)**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
Gross book value
1 January
545,246
178,000
0
723,246
723,246
Additions
0
0
0
0
0
TOTAL FUNDS
TOTAL FUNDS|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
GENERAL
£
£
£
£
£
Gross book value
1 January
246,468
277,096
0
523,564
523,564
Additions
1,878
0
0
1,878
0
31 December
248,346
277,096
0
525,442
523,564
Depreciation
1 January
183,890
192,497
0
376,387
354,450
Charge for the year
15,899
6,508
0
22,407
21,937
31 December
199,789
199,005
0
398,794
376,387
Net book value 31 December 2024
48,557
78,091
0
126,648
147,177
Net book value 31 December 2023
62,578
84,599
0
147,177
169,114
CHRISTCHURCH PRIORY ENTERPRISES LTD
Gross book value
1 January
8,103
0
0
8,103
8,103
Additions
777
0
0
777
0
31 December
8,880
0
0
8,880
8,103
Depreciation
1 January and 31 December
8,102
0
0
8,102
8,102
Net book value 31 December 2024
778
0
0
778
1
Net book value 31 December 2023
1
0
0
1
1
TOTAL NET BOOK VALUE
31 December 2024
49,335
78,091
0
127,426
147,178
31 December 2023
62,579
84,599
0
147,178
169,115
**(c )**
**BUILDING REFURBISHMENTS (Priory House and St George's Hall)**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
Gross book value
1 January
545,246
178,000
0
723,246
723,246
Additions
0
0
0
0
0
TOTAL FUNDS
TOTAL FUNDS|
|---|---|
|||
|31 December
Depreciation
1 January
Charge for the year
31 December
Net book value 31 December 2024
Net book value 31 December 2023|545,246
178,000
0
723,246
723,246
109,048
35,600
0
144,648
72,324
48,168
17,800
0
65,968
72,324
157,216
53,400
0
210,616
144,648
388,030
124,600
0
512,630
578,598
436,198
142,400
0
578,598
650,922|
Page 17 of 32
2024
**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY**
**NOTES TO THE FINANCIAL STATEMENTS (continued)**
**YEAR ENDED 31 DECEMBER 2024**|**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY**
**NOTES TO THE FINANCIAL STATEMENTS (continued)**
**YEAR ENDED 31 DECEMBER 2024**|
|---|---|
|Unrestricted
Restricted
Endowment
**4(d)**
**INVESTMENTS**
Funds
Funds
Funds
2024
2023
£
£
£
£
£
Tithe Chancel Fund
CBF Investment Fund Income Shares
1 January
0
0
32,484
32,484
29,668
Unrealised (loss) / gain
0
0
744
744
2,816
Valuation at 31 December 2024
0
0
33,228
33,228
32,484
White-White Fund
CBF Investment Fund Income Shares
1 January
0
0
30,899
30,899
28,220
Unrealised (loss) / gain
0
0
707
707
2,679
Valuation at 31 December 2024
0
0
31,606
31,606
30,899
Garden of Rest
CBF Investment Fund Accumulation Shares
1 January
145,163
0
0
145,163
128,862
Investments sold during the year
(87,618)
0
0
(87,618)
0
Realised gain
0
0
0
0
0
Unrealised (loss) / gain
5,290
0
0
5,290
16,301
Valuation at 31 December 2024
62,835
0
0
62,835
145,163
Lindop Legacy
CBF Investment Fund Income Shares
1 January
0
0
162,377
162,377
148,302
Investments during the year
0
0
0
0
0
Realised gain
0
0
3,716
3,716
0
Unrealised (loss) / gain
0
0
0
0
14,075
CBF Property Fund Shares
1 January
0
0
0
0
0
Investments sold during the year
0
0
0
0
0
Realised gain
0
0
0
0
0
Valuation at 31 December 2024
0
0
166,093
166,093
162,377
Parish Benevolent Fund
CBF Investment Fund Income Shares
1 January
0
0
38,778
38,778
35,417
Unrealised (loss) / gain
0
0
888
888
3,361
Valuation at 31 December 2024
0
0
39,666
39,666
38,778
TOTAL FUNDS||
|||
|Shute Fund
CBF Investment Fund Income Shares
1 January
0
0
114,527
114,527
104,600
Investments during the year
0
0
0
0
0
Unrealised (loss)
0
0
2,621
2,621
9,927
Valuation at 31 December 2024
0
0
117,148
117,148
114,527||
Page 18 of 32
2024
**THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**NOTES TO THE FINANCIAL STATEMENTS (continued)**
**YEAR ENDED 31 DECEMBER 2024**||
|---|---|
|**4(d)**
**INVESTMENTS (continued)**
Music Invested Fund
CBF Investment Fund Income Shares
1 January
Investments during the year
Investments sold during the year
Realised gain
Unrealised (loss) / gain
Valuation at 31 December 2024
Christchurch Priory Building Conservation Fund|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
0
33,404
61,496
94,900
86,717
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
764
1,408
2,172
8,183
0
34,168
62,904
97,072
94,900
TOTAL FUNDS|
|Sanlam Private Wealth South Ltd||
|1 January
Investments sold during the year
Realised gain
Unrealised (loss)/ gain|0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0|
|Valuation at 31 December 2024|0
0
0
0
0|
|TOTAL AT VALUATION
TOTAL UNREALISED (LOSSES) / GAINS
TOTAL REALISED GAINS
**5(a)**
**SUMMARY OF REALISED GAINS / (LOSSES)**
Investments - Note 4(d)
**5(b)**
**SUMMARY OF UNREALISED GAINS / (LOSSES)**
Freehold Land and Buildings (PCC) - Note 4(a)
Freehold Land and Buildings (PHF) - Note 4(a)
Investments - Note 4(d)|62,835
34,168
450,645
547,648
619,128
5,290
764
6,368
12,422
57,342
0
0
3,716
3,716
0
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
0
0
3,716
3,716
0
0
0
3,716
3,716
0
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
16,270
21,694
0
37,964
(20,302)
0
0
23,646
23,646
(12,645)
5,290
764
6,368
12,422
57,342
21,560
22,458
30,014
74,032
24,395
TOTAL FUNDS
TOTAL FUNDS|
Page 19 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**6**
**DEBTORS AND PREPAYMENTS**
Sundry debtors
Prepayments and accrued income
**7**
**LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR**
Sundry creditors
Accruals and deferred income
**8**
**AUDIT COSTS**
Audit of Parish accounts:
Provision for the current year
Under accrual from previous year
Audit of Christchurch Priory Building Conservation Trust
Independent Examination CP Building Conservation Trust
**9**
**STAFF COSTS**
Salaries
National Insurance Contributions
Pension contributions|Unrestricted
Restricted
Funds
Funds
£
£
11,128
0
1,338
0
12,466
0
0
0
0
0
12,466
0|2024
2023
£
£
40,663
32,362
23,730
4,129
64,393
36,491
2024
2023
£
£
(136,710)
(33,091)
0
(36,130)
(136,710)
(69,221)
2024
2023
£
£
11,128
12,305
1,338
(107)
12,466
12,198
0
0
0
575
12,466
12,773
2024
2023
£
£
178,371
311,431
15,977
20,370
7,603
9,598
201,951
341,399
TOTAL FUNDS
TOTAL FUNDS
TOTAL FUNDS
TOTAL FUNDS|
|---|---|---|
Page 20 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
|**14**
**ACCUMULATED FUNDS**
Note
Parish General Funds
**Other Funds**
**Priory**
Priory General No. 2
Tithe Chancel
4(d)
Lindop Legacy
4(d)
White-White
4(d)
Music Fund: Capital Investments
4(d)
Music Fund: Income / stock
Parish Benevolent Fund
Shute Fund
Fabric
Conservation Programme - Phase 5
Bell Restoration
Children and Youth Ministry Work
Choir General
Choir Training and Education
Building Conservation Trust
Building Conservation Fund (PCC)
Pipe Organ
Capital Development
Master Plan
Minor Capital
Garden of Rest: Invested
4(d)
Priory House Fund
Special Projects
St George's Building Fund
St George's Fabric Fund
Visitors Box
**St George's**- Flowers
**St John's**
Special Projects
Gue Legacy
**Asset Funds**
Freehold land and buildings
4(a)
Fixtures and equipment
4(b)
Building Refurbishments
4(c)
Rounding
Christchurch Priory Enterprises Ltd
**TOTAL ACCUMULATED FUNDS**|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2023
£
£
£
£
£
69,921
0
0
69,921
65,787
20,008
0
0
20,008
20,008
0
0
33,228
33,228
32,484
0
0
166,093
166,093
162,377
0
0
31,606
31,606
30,899
0
34,168
62,904
97,072
94,900
0
0
0
0
0
0
97,478
39,666
137,144
138,010
0
98,571
117,148
215,719
207,060
17,148
159,718
0
176,866
194,456
18,401
0
0
18,401
19,068
0
17,685
0
17,685
16,321
85,293
0
0
85,293
111,704
0
3,338
0
3,338
13,296
0
5,176
0
5,176
4,981
0
1,280,326
0
1,280,326
1,217,798
0
155,461
0
155,461
147,703
0
1,340
0
1,340
1,690
147,173
0
0
147,173
274,510
0
509,817
0
509,817
529,837
4,035
0
0
4,035
4,368
62,835
0
0
62,835
145,163
0
260,748
0
260,748
193,001
184,010
0
0
184,010
202,800
0
2
0
2
2
7,634
0
0
7,634
8,842
0
351
0
351
0
0
968
0
968
968
0
1,250
0
1,250
1,250
6,911
0
0
6,911
6,650
553,448
2,626,397
450,645
3,630,490
3,780,146
811,530
622,042
2,863,025
4,296,597
4,234,987
49,335
78,091
0
127,426
147,178
388,030
124,600
0
512,630
578,598
(1)
(1)
0
16,119
0
0
16,119
12,933
1,265,013
824,733
2,863,025
4,952,771
4,973,696
1,888,382
3,451,130
3,313,670
8,653,182
8,819,629
TOTAL FUNDS|
|---|---|
Page 21 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
## **15 FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF CHRISTCHURCH HOLY TRINITY EXCLUDING CHRISTCHURCH PRIORY ENTERPRISES LTD AND CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|Note
INCOME AND ENDOWMENTS FROM
Voluntary income
Activities for generating funds
Investment income
Church activities
Other income
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON
Charitable activities
Raising funds
Other
TOTAL EXPENDITURE
Realised gain on sale of investments
Unrealised (loss) / gain on revaluations
NET GAINS/ (LOSSES)
NET INCOME
BALANCES AT 1 JANUARY 2024
BALANCES AT 31 December 2024|2024
2023
£
£
383,885
993,537
316,277
258,909
65,738
89,524
52,330
49,964
9,654
7,238
827,884
1,399,172
973,032
992,166
123,540
79,234
35,750
53,822
1,132,322
1,125,222
3,716
0
74,032
24,395
77,748
24,395
(226,690)
298,345
7,618,882
7,320,537
7,392,192
7,618,882
TOTAL FUNDS|
|---|---|
Page 22 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024**
## **15 FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF CHRISTCHURCH HOLY TRINITY EXCLUDING CHRISTCHURCH PRIORY ENTERPRISES LTD AND CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST**
## **BALANCE SHEET**
|Note
FIXED ASSETS
Tangible fixed assets
Freehold land and buildings
4(a)
Fixtures and equipment
4(b)
Building refurbishments
4(c)
Investment in Christchurch Priory Enterprises Ltd
5 £1 ordinary shares
Loans
Other investments
4(d)
TOTAL FIXED ASSETS
CURRENT ASSETS
Stock
Debtors and prepayments
Bank and cash balances
LIABILITIES
Amounts falling due within one year
NET CURRENT ASSETS
NET ASSETS
REPRESENTED BY
Accumulated funds
Unrestricted
Restricted
Endowment|2024
2023
£
£
4,296,597
4,234,987
127,426
147,179
512,630
578,596
5
5
35,450
35,450
547,648
619,128
5,519,756
5,615,345
3,096
3,096
64,393
40,871
1,900,997
2,031,836
1,968,486
2,075,803
96,050
72,266
1,872,436
2,003,537
7,392,192
7,618,882
1,907,718
2,204,840
2,170,804
2,134,102
3,313,670
3,279,940
7,392,192
7,618,882
TOTAL FUNDS|
|---|---|
Page 23 of 32
2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 December 2024**
## **SPECIAL COLLECTIONS**
|**16**
**SPECIAL COLLECTIONS**
Church Overseas:
Ukraine Appeal
Relief and Development Agencies:
DEC Earthquake Appeal
Home Missions and Other Church Societies and Organisations:
Macmillan Coffee Morning
Macmillan Caring Locally
Childrens Society
Christchurch Food Bank
Priory School Bibles
Salvation Army
Secular Charities:
Cancer Research
Christian Aid
Conical Sphere Music
Crisis at Christmas
Julia House
RNLI|2024
2023
£
£
0
3,033
0
2,564
355
0
420
0
0
1,152
685
1,134
35
85
0
451
12
0
0
399
0
128
0
208
0
134
129
0
1,636
9,288
TOTAL FUNDS|
|---|---|
The foregoing Special Collections were received for the charities mentioned, and have been included in the income and expenditure of the PCC.
|The expense comprises:
Parish Office
Telephone and Internet Services|2024
2023
£
£
30,196
30,710
8,843
3,055
39,039
33,765|
|---|---|
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2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 December 2024**
## **17. TRUSTEE EXPENSES AND RELATED PARTY TRANSACTIONS**
Members of the PCC who claimed expenses or who were paid remuneration whilst fulfilling their duties during the year are detailed below.
|||2024|2023|
|---|---|---|---|
|||£|£|
|(a)|**Clergy (including the Vicar, Reverend R Partridge and Reverend S Duckhouse)**|||
||During 2024 the Clergy received the following:|||
||Reimbursements of actual expenditure (hospitality, telephones)|5,253|5,003|
|(b)|**Mr I Penny (Key Management Personnel)**|||
||Ye Olde Eight Bells: Reimbursement and goods purchased|317|331|
|(c)|**Mr G Rolls (PCC member)**|||
||Gross salary|27,521|25,454|
||Employer's NIC|2,537|1,636|
||Pension|1,017|1,134|
|Transactions|with connected persons of members of the PCC and other related parties:|||
|(d)|**Key Management Personnel Compensation**|||
||Gross salaries (none earned more than £60,000)|138,059|103,486|
||Employer's NIC|14,006|7,529|
||Pension|4,093|2,613|
|(e)|**Rent payable**|||
||Rent payable by Key Management Personnel|0|0|
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2024
||2024|
|---|---|
|The Parish's buildings (including contents) were insured as follows:
2024
2023
PCC
£
£
Church Hall:
St George's Hall
2,960,000
2,960,000
Residential properties:
15 Wickfield Avenue
391,158
391,158
St George's House
444,494
444,494
Priory House Fund
Priory House
6,129,638
6,129,638
Priory Cottage
835,653
835,653
Old Stable Block
449,454
449,454
Sums Insured|
|
|**Christchurch Priory Enterprises Ltd Summary of Trading and Net Assets - 2024**||
**----- Start of picture text -----**
Christchurch Priory Enterprises Ltd Summary of Trading and Net Assets - 2024
Shop Café Total Total
£ £ £ £
Trading income 47,428 212,906 260,334 227,101
Other income 539 0 539 225
47,967 212,906 260,873 227,326
Expenditure:
Purchases 26,379 100,304 126,683 80,917
General Expenses 2,245 128,002 130,247 116,859
28,624 228,306 256,930 197,776
Net (loss) / profit 19,343 (15,400) 3,943 29,550
Accumulated profit / (loss) reserves brought forward (17,051) (46,601)
Net (loss) / profit for the year 3,943 29,550
Share capital 5 5
Net (liabilities) / assets at 31 December (13,103) (17,046)
Historical costs of revalued tangible fixed assets
Book value Valuation Total
30.11.2014 31.12.1997
£ £ £
Church Hall: St George's Hall 132,968 132,968
Residential properties: 15 Wickfield Avenue 100,000 100,000
St George's House 104,000 104,000
Priory House Fund Priory House 1,264,866 1,264,866
Priory Cottage 375,000 375,000
Old Stable Block 125,000 125,000
1,764,866 336,968 2,101,834
**----- End of picture text -----**
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2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 December 2024**
## **17 RELATED PARTY TRANSACTIONS (continued)**
The following trustees were members of related entities:
|**TRUSTEE**|**RELATED TRUSTEESHIP**|
|---|---|
|Reverend Canon Charles Stewart|Christchurch Priory Building Conservation Trust (Registered Number 1107139)|
||The Charity of Mary Waterfield (Registered Number 1055323)|
||The Charity of Captain William Gordon Shute ICW Christchurch Priory|
||(Registered Number 234102 – removed from the Register of Charities 11|
||February, 2022)|
|Mr Colin Bacchus|Christchurch Priory Building Conservation Trust (Registered Number 1107139)|
||The Charity of Mary Waterfield (Registered Number 1055323)|
||The Charity of Captain William Gordon Shute ICW Christchurch Priory|
||(Registered Number 234102 – removed from the Register of Charities 11|
||February, 2022)|
|Mrs Tracy Froud|Christchurch Priory Building Conservation Trust (Registered Number 1107139)|
||The Charity of Mary Waterfield (Registered Number 1055323)|
||The Charity of Captain William Gordon Shute ICW Christchurch Priory|
||(Registered Number 234102 – removed from the Register of Charities 11|
||February, 2022)|
|Mrs Joyce Davies|Friends of Christchurch Priory Church (Registered Number 1063246) (Until May|
||2026)|
|Mrs Diane Wright|Friends of Christchurch Priory Church (Registered Number 1063246) (Until May|
||2026)|
There were no related party transactions between the above trustees and any of the related trusteeships.
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2024
## **THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 December 2024**
**Priory House Fund Summary of Income and Expenditure - 2023**
|**Incoming resources:**
Activities for generating funds
Investment income
**Resources expended:**
Church activities
Professional fees
Bank charges
Net profit
Funds at 1 January
Net movement in funds during the year
Funds at 31 December|Priory House
Fund
Priory
House CBF
Total 2024
Total
2023
£
£
£
£
107,384
0
107,384
87,650
0
4,079
4,079
2,077
107,384
4,079
111,463
89,727
27,310
0
27,310
33,616
2,613
0
2,613
1,137
62
0
62
166
29,985
0
29,985
34,919
77,399
4,079
81,478
54,808
88,810
104,191
193,001
138,193
77,038
4,079
81,117
54,808
152,478
108,270
260,748
193,001|
|---|---|
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2024
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY**
## **Opinion**
We have audited the financial statements of The PCC of the Ecclesiastical Parish of Christchurch Holy Trinity (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
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2024
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
From discussion with management and those charged with governance information about the entity is documented to assess the activity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concern.
Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues and management override concerning the size of the organisation.
We set financial statement materiality level based on the level of income. As a not-for-profit organisation raising income is its primary focus which is why income was used to determine the level of materiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level.
Substantive audit tests were designed after assessing and performing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested.
Audit substantive tests concluded no material errors over the key risk areas of income recognition and management override.
The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation.
Management assessed there is no going concern risk. The audit undertook a review of budgets, management accounts and the review of board minutes and came to the same conclusion as management.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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2024
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
> Paul Underwood (Senior Statutory Auditor) Paul Underwood (Senior Statutory Auditor) for and on behalf of MC Audit Limited for and on behalf of MC Audit Limited Chartered Accountants Chartered Accountants Statutory Auditors Statutory Auditors Station House Station House North Street North Street Havant Havant Hampshire
> PO9 1QU Hampshire POS 1QU Date: ............................................. Date: 29May 2025
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**Approved by the Parochial Church Council on 25th May 2025 and signed on its behalf by :**
**Reverend Canon Charles Stewart**
**Vicar The Reverend Canon Charles Stewart The Vicarage 13A Church Street Christchurch BH23 1BW**
**Churchwardens Mr Colin Bacchus Mrs Tracy Froud**
**Contact Us**
**Priory House Quay Road Christchurch BH23 1BU 01202 485 804**
**www.christchurchpriory.org**
**instagram @thepriorychurch facebook @christchurchpriory**
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