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← The Parochial Church Council Of The Ecclesiastical Parish Of New Windsor

2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1131052

Report of the Trustees and

Unaudited Cessation Financial Statements for the Year Ended 31 December 2024

for

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Contents of the Financial Statements for the Year Ended 31 December 2024

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 16
Detailed Statement of Financial Activities 17 to 18

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Report of the Trustees

for the Year Ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1131052

Principal address

St John the Baptist Windsor Parish Church High Street Windsor Berkshire SL4 1LT

Trustees

Canon S Lodge M Harding K Allott M Delaney A Casson E Davies J Halsey J Hunt K Kerr I Mawhinney R Mc Connell K Mc Quillian M Pettitt A Stabbins (resigned 20.4.24)

CESSATION OF TRADING

Under a Pastoral Scheme made by the Church Commissioners on 24th October 2024 pursuant to the Mission and Pastoral Measure 2011,the team ministry for the benefice of New Windsor was terminated and the parish of New Windsor, the parish of Holy Trinity Windsor and the parish of Clewer St Stephen with Spital ( being parishes which comprised the benefice of New Windsor) were united to create new parish named "The Parish of Central Windsor". The scheme came into operation on 1st January 2025. Accordingly, the former Parochial Church Councils (PCCs) of New Windsor, Holy Trinity Windsor and St Stephen with Spital ceased to exist and the new Parish of Central Windsor PCC came into effect on 19th January 2025.

Page 1

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Report of the Trustees

for the Year Ended 31 December 2024

Approved by order of the board of trustees on 28 February 2025 and signed on its behalf by:

Canon S Lodge - Trustee

Page 2

Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of New Windsor

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of New Windsor (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

K M Nash

28 February 2025

Page 3

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Statement of Financial Activities for the Year Ended 31 December 2024

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
71,956
Charitable activities
Charitable
2,695
Other trading activities
2
52,638
Investment income
3
3,859
Total
131,148
EXPENDITURE ON
Raising funds
6,855
Charitable activities
Charitable
119,851
Total
126,706
Net gains on investments
-
NET
INCOME/(EXPENDITURE)
4,442
Transfers between funds
10
2,162
Net movement in funds
6,604
RECONCILIATION OF
FUNDS
Total funds brought
forward
50,617
TOTAL FUNDS CARRIED
FORWARD
57,221		 Restricted
funds
£
46,955
-
-
855
47,810
-
4,970
4,970
-
42,840
(2,162)
40,678
25,402
66,080		 Endowment
funds
£
-
-
-
-
-
-
-
-
2,143
2,143
-
2,143
618,619
620,762		 31.12.24
Total
funds
£
118,911
2,695
52,638
4,714
178,958
6,855
124,821
131,676
2,143
49,425
-
49,425
694,638
744,063		 31.12.23
Total
funds
£
102,359
2,720
55,550
4,560
165,189
4,486
235,812
240,298
8,050
(67,059)
-
(67,059)
761,697
694,638

The notes form part of these financial statements

Page 4

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Balance Sheet

31 December 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
6
-
-
Investments
7
-
-
-
-
CURRENT ASSETS
Debtors
8
12,308
94
Cash at bank and in hand
52,891
65,985
65,199
66,079
CREDITORS
Amounts falling due within
one year
9
(7,977)
-
NET CURRENT ASSETS
57,222
66,079
TOTAL ASSETS LESS
CURRENT LIABILITIES
57,222
66,079
NET ASSETS
57,222
66,079		 31.12.24
Endowment
Total
funds
funds
£
£
525,000
525,000
95,762
95,762
620,762
620,762
-
12,402
-
118,876
-
131,278
-
(7,977)
-
123,301
620,762
744,063
620,762
744,063		 31.12.23
Total
funds
£
525,000
93,619
618,619
34,978
73,322
108,300
(32,281)
76,019
694,638
694,638

The notes form part of these financial statements

Page 5

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Balance Sheet - continued 31 December 2024

FUNDS
10
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 57,222
66,079
620,762
744,063		 50,617
25,402
618,619
694,638

The financial statements were approved by the Board of Trustees the Board of Trustees and authorised for issue on 28 February 2025 and were signed on its behalf by:

S Lodge - Trustee

M Delaney - Trustee

The notes form part of these financial statements

Page 6

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 7

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
31.12.24 31.12.23
£ £
Hire income 42,638 45,550
Mobile mast rent 10,000 10,000
52,638 55,550
3. INVESTMENT INCOME
31.12.24 31.12.23
£ £
Deposit account interest 4,714 4,560

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable
Total
Net gains on investments		 Unrestricted
funds
£
63,259
2,720
55,550
3,751
125,280
4,486
139,243
143,729
-		 Restricted
funds
£
39,100
-
-
809
39,909
-
96,569
96,569
-		 Endowment
funds
£
-
-
-
-
-
-
-
-
8,050		 Total
funds
£
102,359
2,720
55,550
4,560
165,189
4,486
235,812
240,298
8,050

Page 8

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Endowment Total
funds funds funds funds
£ £ £ £
NET INCOME/(EXPENDITURE) (18,449) (56,660) 8,050 (67,059)
Transfers between funds 500 (500) - -
Net movement in funds (17,949) (57,160) 8,050 (67,059)
RECONCILIATION OF FUNDS
Total funds brought forward 68,566 82,562 610,569 761,697
TOTAL FUNDS CARRIED
FORWARD 50,617 25,402 618,619 694,638
6. TANGIBLE FIXED ASSETS
Long
leasehold
£
COST
At 1 January 2024 and
31 December 2024 525,000
NET BOOK VALUE
At 31 December 2024 525,000
At 31 December 2023 525,000
7. FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 January 2024 93,619
Revaluation 2,143
At 31 December 2024 95,762
NET BOOK VALUE
At 31 December 2024 95,762
At 31 December 2023 93,619
There were no investment assets outside the UK.

Page 9

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

7. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Unlisted
investments
£
Valuation in 2024 2,143
Cost 93,619
95,762

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£ £
Cost 93,619 -

Fixed asset investments were valued on an open market basis basis on 31 December 2024 by the trustees.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 12,402 34,978
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade creditors 7,977 32,281

Page 10

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Parish Hall
Parish Church Restoration
Concert Fund
Restricted funds
Parish Church Organ Restoration
Bell Fund
All Saints Lighting Fund
Friends of Windsor Parish Church
Choir Fund
All Saints Organ Fund
Community Upgrade Project
Endowment funds
New Parish Hall
Honeybone Investment Fund
TOTAL FUNDS		 At 1.1.24
£
18,237
32,200
180
-
50,617
468
15,312
485
4,969
669
3,499
-
25,402
525,000
93,619
618,619
694,638		 Net
movement
in funds
£
(15,182)
13,262
3,955
2,408
4,443
(468)
3,640
(485)
(206)
(201)
30,559
10,000
42,839
-
2,143
2,143
49,425		 Transfers
between
funds
£
11,162
(10,000)
1,000
-
2,162
-
1,000
-
(3,162)
-
-
-
(2,162)
-
-
-
-		 At
31.12.24
£
14,217
35,462
5,135
2,408
57,222
-
19,952
-
1,601
468
34,058
10,000
66,079
525,000
95,762
620,762
744,063

Page 11

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Parish Hall
Parish Church Restoration
Concert Fund
Restricted funds
Parish Church Organ Restoration
Bell Fund
All Saints Lighting Fund
Friends of Windsor Parish Church
Choir Fund
All Saints Organ Fund
Community Upgrade Project
Endowment funds
Honeybone Investment Fund
TOTAL FUNDS		 Incoming
resources
£
87,210
28,627
11,875
3,436
131,148
54
4,960
-
1,966
271
30,559
10,000
47,810
-
178,958		 Resources
expended
£
(102,392)
(15,365)
(7,920)
(1,028)
(126,705)
(522)
(1,320)
(485)
(2,172)
(472)
-
-
(4,971)
-
(131,676)		 Gains and
losses
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2,143
2,143		 Movement
in funds
£
(15,182)
13,262
3,955
2,408
4,443
(468)
3,640
(485)
(206)
(201)
30,559
10,000
42,839
2,143
49,425

Page 12

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Parish Hall
Parish Church Restoration
Restricted funds
Parish Church Organ Restoration
Bell Fund
All Saints Lighting Fund
Friends of Windsor Parish Church
Choir Fund
All Saints Organ Fund
Endowment funds
New Parish Hall
Honeybone Investment Fund
TOTAL FUNDS		 At 1.1.23
£
20,605
37,215
10,746
68,566
37,421
14,713
25,660
2,563
780
1,425
82,562
525,000
85,569
610,569
761,697		 Net
movement
in funds
£
(21,367)
17,284
(14,366)
(18,449)
(36,953)
599
(25,675)
3,406
(111)
2,074
(56,660)
-
8,050
8,050
(67,059)		 Transfers
between
funds
£
19,000
(22,300)
3,800
500
-
-
500
(1,000)
-
-
(500)
-
-
-
-		 At
31.12.23
£
18,238
32,199
180
50,617
468
15,312
485
4,969
669
3,499
25,402
525,000
93,619
618,619
694,638

Page 13

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Parish Hall
Parish Church Restoration
Restricted funds
Parish Church Organ Restoration
Bell Fund
All Saints Lighting Fund
Friends of Windsor Parish Church
Choir Fund
All Saints Organ Fund
Endowment funds
Honeybone Investment Fund
TOTAL FUNDS		 Incoming
resources
£
78,143
35,142
11,995
125,280
3,154
599
29,479
4,068
535
2,074
39,909
-
165,189		 Resources
expended
£
(99,510)
(17,858)
(26,361)
(143,729)
(40,107)
-
(55,154)
(662)
(646)
-
(96,569)
-
(240,298)		 Gains and
losses
£
-
-
-
-
-
-
-
-
-
-
-
8,050
8,050		 Movement
in funds
£
(21,367)
17,284
(14,366)
(18,449)
(36,953)
599
(25,675)
3,406
(111)
2,074
(56,660)
8,050
(67,059)

Page 14

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Parish Hall
Parish Church Restoration
Concert Fund
Restricted funds
Parish Church Organ Restoration
Bell Fund
All Saints Lighting Fund
Friends of Windsor Parish Church
Choir Fund
All Saints Organ Fund
Community Upgrade Project
Endowment funds
New Parish Hall
Honeybone Investment Fund
TOTAL FUNDS		 At 1.1.23
£
20,605
37,215
10,746
-
68,566
37,421
14,713
25,660
2,563
780
1,425
-
82,562
525,000
85,569
610,569
761,697		 Net
movement
in funds
£
(36,549)
30,546
(10,411)
2,408
(14,006)
(37,421)
4,239
(26,160)
3,200
(312)
32,633
10,000
(13,821)
-
10,193
10,193
(17,634)		 Transfers
between
funds
£
30,162
(32,300)
4,800
-
2,662
-
1,000
500
(4,162)
-
-
-
(2,662)
-
-
-
-		 At
31.12.24
£
14,218
35,461
5,135
2,408
57,222
-
19,952
-
1,601
468
34,058
10,000
66,079
525,000
95,762
620,762
744,063

Page 15

continued...

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Parish Hall
Parish Church Restoration
Concert Fund
Restricted funds
Parish Church Organ Restoration
Bell Fund
All Saints Lighting Fund
Friends of Windsor Parish Church
Choir Fund
All Saints Organ Fund
Community Upgrade Project
Endowment funds
Honeybone Investment Fund
TOTAL FUNDS		 Incoming
resources
£
165,353
63,769
23,870
3,436
256,428
3,208
5,559
29,479
6,034
806
32,633
10,000
87,719
-
344,147		 Resources
expended
£
(201,902)
(33,223)
(34,281)
(1,028)
(270,434)
(40,629)
(1,320)
(55,639)
(2,834)
(1,118)
-
-
(101,540)
-
(371,974)		 Gains and
losses
£
-
-
-
-
-
-
-
-
-
-
-
-
-
10,193
10,193		 Movement
in funds
£
(36,549)
30,546
(10,411)
2,408
(14,006)
(37,421)
4,239
(26,160)
3,200
(312)
32,633
10,000
(13,821)
10,193
(17,634)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 16

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24 31.12.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 60,916 39,207
Gift aid 11,469 12,285
Grants 575 -
Planned giving 24,562 27,351
Cash collections 3,744 3,290
Offertory boxes 5,755 6,183
Votive candles 11,890 14,043
118,911 102,359
Other trading activities
Hire income 42,638 45,550
Mobile mast rent 10,000 10,000
52,638 55,550
Investment income
Deposit account interest 4,714 4,560
Charitable activities
Parochial fees receivable 2,695 2,720
Total incoming resources 178,958 165,189
EXPENDITURE
Raising donations and legacies
Concert expenses 1,028 -
Other trading activities
Candles ans supplies 5,827 4,486
Charitable activities
Insurance 11,777 10,864
Light and heat 14,239 16,108
Telephone 523 481
Postage and stationery 732 701
Sundries 307 367
Parish share 29,243 27,886
Carried forward 56,821 56,407

This page does not form part of the statutory financial statements

Page 17

The Parochial Church Council of the Ecclesiastical Parish of New Windsor

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24 31.12.23
£ £
Charitable activities
Brought forward 56,821 56,407
Child & family worker 3,592 -
Team administrative costs 6,348 5,810
Music 6,333 7,245
Stewarding fees 3,395 3,005
Subscriptions 670 592
Maintenance charges 20,877 141,855
Cleaning 5,355 4,325
Parish Hall expenses 15,365 11,323
Mission giving 3,000 2,350
121,756 232,912
Support costs
Finance
Bookkeeping 2,765 2,600
Governance costs
Independent examiners fee 300 300
Total resources expended 131,676 240,298
Net income/(expenditure) 47,282 (75,109)

This page does not form part of the statutory financial statements

Page 18