**Charity registration number 1131090 (England and Wales)**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Revd. M J Boag Revd. S Upchurch S Pelissier C S Smith Dr A M Wilkinson Revd. Dr G J Sawyer D I Anderson Revd. F Pole Revd. G Winn Parry D Fry J Stanford D Hewerdine A Lane (Appointed 21 April 2024) **Charity number** 1131090 **Registered office** St Barnabas' Church Worth Road, Pound Hill, Crawley West Sussex RH10 7DY **Independent examiner** Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4 - 5|
|Balance sheet|6|
|Notes to the financial statements|7 - 18|
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's the Parochial Church Council Powers Measure (1956) as amended and churches representation Rules, the Charities Act 2011 and "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)".
## **Objectives and activities**
## **Policies and objectives**
The primary purpose of the Parochial Church Council (Trustees) of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.
In setting objectives and planning for activities, the PCC members have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Strategies for achieving objectives**
The Parish has two centres of worship, the Parish Church of St Nicholas, Worth and the Church of St Barnabas', Pound Hill with the latter site encompassing a hall, meeting rooms and a cafe.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Activities undertaken to achieve objectives**
The Parochial Church Council is responsible for the ministry of both Churches and for the Church buildings. It is also responsible for the associated land and buildings and for some of the maintenance of properties owned by the Church of England for use by the clergy.
Attendances at Sunday and weekday Eucharists have continued to improve and new members have been welcomed at both churches. Weddings (much reduced from previous years), baptisms and funeral services are held at both churches and the buildings at St Barnabas continue to be hired out to a multitude of local organisations. The final two phases of the major building project at St Barnabas’ have been completed, providing level access throughout the church, café, hall and outside space. This work was funded through Restricted Funds, outside of the funds for the general running costs of the Parish.
## **Main activities undertaken to further the Charity's purposes for the public benefit**
The Churches are used on a regular basis for both worship and other community activities.
## **Achievements and performance**
## **Review of activities**
Attendances at Sunday and weekday Eucharists have continued to improve and new members have been welcomed at both churches. Weddings, baptisms and funeral services are held and the buildings at St Barnabas continue to be hired out to a multitude of local organisations.
## **Financial review**
## **Going concern**
After making appropriate enquiries, the PCC members have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Reserves policy**
It is the intention of the PCC to continue to rebuild reserves in 2025, in line with the Reserves Policy. In 2024 much of the outstanding Gift Aid was claimed, with more to be claimed in 2025. Regular giving has increased, both in numbers giving and the amount received further efforts will be made to increase congregational giving through 2025 and beyond.
page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTKCAL
PARISH OFWOIUH, POUND HILLAND MAIDENBOWER
TRUSTEES, REPORT (CONTINUED)
FOR THE YE4REJVDED 31 DECEMBER 2024
Prindpxl funding
The P8mh made a thfi¢it in th¢ YM of £4.922 {IWicit in 2023 of £186.1181 This is up from a swplus in Unr¢stri¢teil
fiuujs of £669 (def11 in 2023 of £415121 a defi¢ii iti Restsi¢*J of £5.657 {defi¢it 2023 of £144,853) and
Surplus in ETr&iwnenl fundsof £66 (deficit in 2023 or £247).
The Tnte¢Shay¢ asS¢sslthe maprnsks to wlu¢h the ¢harity is eXp8d Sl$ra that systems are in p]ttt
miligate eXsre ¥> the mttj¢rTisks.
StnKThK gov¢rnAD¢¢ aDd
The Parochl'ai Church CouNil of the Ecclestadical Pariskn of Woth Pound Hill & is a %1¢1 charity,
number I1310. and is ¢onMifttht unikr 8T deaL
Revd. M J Boag
Revd S U1r¢h
S Pelissier
Cssmith
DIAM Wilk]llson
E Gallagher
Revd. G J Samyer
D lAden
Revd. F Pole
Revd. G Wiwl Pany
DFry
J Sthnfoftl
D Hewerdine
(Rcsignat 21 A1] 20241
[Ap1[tl 21 Apri120241
Methods of *p11t orelertioTr of Trnittts
The mana8emerrt ofth¢ Ch8n"ty is the r¢w)thth"ty ofthe PCC nkmkn who arethted atLdcwt&l the tttms of
theTrust d¢eAt
FI0¢1*1 rfsk nbOn*g¢m¢nt
The PCC m¢miKr5 have assessed the major risks to TAthi¢h th¢ Chan"ty is ¢xp)rf in parti¢ut&r tlv)sc rdatd to the
otmtion8 8nd f¢3 0(the Chariry. aThJ are sl$fi*j thai sys*ms aa0C¥[e in pjxe to mitigate expsure the
m&ior risks.
Pl•m$ forfvthy¢ pethdj
The PCC membets t satisfied with the tffO8TtsS of the Chllh year aTrl majoi Ce5 are exFcta in the
eomim8 y¢4r.
Mj
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
I report to the Trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower (the charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
## **Darren Harding ACA FCCA DChA**
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
Dated: .........................23/07/2025
page 3
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Current financial year**
**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
70,816
113,892
-
Charitable activities
**4**
79,413
-
-
Investments
**5**
2,093
-
-
Other income
**6**
19,901
-
-
**Total income**
172,223
113,892
-
**Expenditure on:**
Charitable activities
**7**
171,392
119,711
-
Net gains/(losses) on investments
**12**
-
-
66
**Net incoming/(outgoing) resources**
**before transfers**
831
(5,819)
66
Gross transfers between funds
(162)
162
-
**Net movement in funds**
669
(5,657)
66
Fund balances at 1 January 2024
6,409
55,865
2,871
**Fund balances at 31 December 2024**
7,078
50,208
2,937|**Total**
Total
**2024**
2023
**£**
**£**
184,708
81,845
79,413
75,039
2,093
3,460
19,901
8,026
286,115
168,370
291,103
354,735
66
247
(4,922)
(186,118)
-
-
(4,922)
(186,118)
65,145
251,263
60,223
65,145|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
page 4
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Prior financial year**||||||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|
|||**funds**|**funds**|**funds**||
|||**2023**|**2023**|**2023**|**2023**|
||**Notes**|**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||
|Donations and legacies|**3**|67,552|14,293|-|81,845|
|Charitable activities|**4**|75,039|-|-|75,039|
|Investments|**5**|3,460|-|-|3,460|
|Other income|**6**|8,026|-|-|8,026|
|**Total income**||154,077|14,293|-|168,370|
|**Expenditure on:**||||||
|Charitable activities|**7**|195,589|159,146|-|354,735|
|Net gains/(losses) on investments|**12**|-|-|247|247|
|**Net incoming/(outgoing) resources before**||||||
|**transfers**||(41,512)|(144,853)|247|(186,118)|
|Gross transfers between funds||(136)|136|-|-|
|**Net movement in funds**||(41,648)|(144,717)|247|(186,118)|
|Fund balances at 1 January 2023||48,057|200,582|2,624|251,263|
|**Fund balances at 31 December 2023**||6,409|55,865|2,871|65,145|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
page 5
THE PAROCHIAL CHURCH COUNCILOF THE ECCLESIASTICAL
PARISH OFWORTFL POUND HILLAND MAIDENBOWER
BALANCE SHEET
ASA T3J DECEMBER 2024
2•24
oles
Debtors
Ithvesttnenis
Cash al t*mk and iAhthJ
15
16
11.943
2,937
54.365
11581
2371
75J(X)
69345
89,752
17
(9,022)
(24fi071
Net issets
11223
65.145
The fvods ofthe cb*rlty
Endowment fund5
Restricted iome fuNIs
18
19
2,937
50308
7.078
2.871
55.865
6.409
60223
65.145
R¢vd. M J Boa8
>./ql.
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
The Parochial Church Council of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower is a public benefit entity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's the Parochial Church Council Powers Measure (1956) as amended and churches representation Rules, the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
page 7
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.4 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.6 Cash and cash equivalents**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.7 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## _**Basic financial assets**_
Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
page 8
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **1.8 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.9 Leases**
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
70,816
113,892
Legacies
-
-
70,816
113,892|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
184,708
67,552
13,169
-
-
1,124
184,708
67,552
14,293|**Total**
**2023**
**£**
80,721
1,124|
|---|---|---|
|||81,845|
page 9
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Income from charitable activities**
|||**Fees, rental**|**Fees, rental**|
|---|---|---|---|
|||**and event**|**and event**|
|||**income**|**income**|
|||**2024**|**2023**|
|||**£**|**£**|
||Fees, rental and event income|79,413|75,039|
||**Analysis by fund**|||
||Unrestricted funds|79,413|75,039|
|**5**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|2,093|3,460|
|**6**|**Other income**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Other income|19,901|8,026|
page 10
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **7 Charitable activities**
|**Charitable**
**Giving**
**Ministry**
**Costs**
**Property**
**Costs**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Staff costs
-
22,988
-
Events and fundraising
6,825
3,079
-
Diocesan Parish Contribution
-
88,708
-
Other Clergy Costs
-
1,197
-
Weddings/ Funerals to Diocese
-
4,818
-
Baptisms
-
27
-
Worship & Music
-
777
5,584
Insurance
-
-
4,050
Maintenance & St B Refurb/Fabric Costs
-
-
76,911
Utilities
-
-
15,993
Friends of St Nicholas & Parish World Bank
& Mission Fund
-
-
1,096
Churchyard costs
-
-
1,506
Parish Office
-
-
54
Parent & Toddler costs
-
569
1,562
St Nicholas Costs
-
-
46,902
6,825
122,163
153,658
Share of support costs (see note 8)
-
3,363
1,732
Share of governance costs (see note 8)
-
2,242
1,120
6,825
127,768
156,510
**Analysis by fund**
Unrestricted funds - general
6,825
127,199
37,368
Restricted funds
-
569
119,142
6,825
127,768
156,510|**Total**
**2024**
**£**
22,988
9,904
88,708
1,197
4,818
27
6,361
4,050
76,911
15,993
1,096
1,506
54
2,131
46,902
282,646
5,095
3,362
291,103
171,392
119,711
291,103|**Total**
**2023**
**£**
18,401
7,248
86,057
923
7,065
64
5,960
4,018
130,371
23,117
1,346
519
16
2,848
60,800|
|---|---|---|
|||348,753
3,733
2,249|
|||354,735|
|||195,589
159,146|
|||354,735|
page 11
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **7 Charitable activities For the year ended 31 December 2023**
**(Continued)**
|**Charitable**
**Giving**
**Ministry**
**Costs**
**Property**
**Costs**
**£**
**£**
**£**
Staff costs
-
18,401
-
Events and fundraising
667
6,581
-
Diocesan Parish Contribution
-
86,057
-
Other Clergy Costs
-
923
-
Weddings/ Funerals to Diocese
-
7,065
-
Baptisms
-
64
-
Worship & Music
-
745
5,215
Insurance
-
-
4,018
Maintenance & St B Refurb/Fabric Costs
-
-
130,371
Utilities
-
-
23,117
Friends of St Nicholas & Parish World Bank & Mission
Fund
-
-
1,346
Churchyard costs
-
-
519
Parish Office
-
-
16
Other Expenses
-
1,097
1,751
St Nicholas Costs
-
-
60,800
667
120,933
227,153
Share of support costs (see note 8)
-
2,464
1,269
Share of governance costs (see note 8)
-
1,499
750
667
124,896
229,172
**Analysis by fund**
Unrestricted funds - general
667
124,896
70,026
Restricted funds
-
-
159,146
667
124,896
229,172|**Total**
**2023**
**£**
18,401
7,248
86,057
923
7,065
64
5,960
4,018
130,371
23,117
1,346
519
16
2,848
60,800|
|---|---|
||348,753
3,733
2,249|
||354,735|
||195,589
159,146|
||354,735|
page 12
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **8 Support costs allocated to activities**
|Operating lease charges
Postage & stationery
IT costs
Bank charges
Governance
Governance costs include payments of £2,880 due to the independent examiner.
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Operating lease charges|**Total**
**2024**
**£**
1,985
892
1,653
565
3,362
8,457
**2024**
**£**
3,362
1,985|**Total**
**2023**
**£**
-
2,342
758
633
2,249|
|---|---|---|
|||5,982|
|||**2023**
**£**
2,249
-|
## **10 Trustees**
During the year ended 31 December 2024, expenses totaling £1,062 were reimbursed or paid directly to 6 Trustees (2023 - £1,986 to 6 Trustees).
## **11 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
||4|4|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|22,753|18,394|
|Social security costs|235|7|
||22,988|18,401|
There were no employees whose annual remuneration was more than £60,000.
page 13
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **11 Employees (Continued)**
## **Remuneration of key management personnel**
There are no current employees deemed as key management personnel.
## **12 Gains and losses on investments**
||**Endowment**|**Endowment**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
|Gains/(losses) arising on:|**£**|**£**|
|Revaluation of investments|66|247|
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Financial instruments**
|**14**
**Financial instruments**|||
|---|---|---|
|**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**16**
**Current asset investments**
Investment with the Diocese of Chichester Trust|**2024**
**£**
2,937
**2024**
**£**
2,775
1,776
7,392
11,943
**2024**
**£**
2,937|**2023**
**£**
2,871|
|||**2023**
**£**
3,886
5,073
2,622|
|||11,581|
|||**2023**
**£**
2,871|
page 14
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **17 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
879
68
8,075
9,022|**2023**
**£**
1,521
3,217
19,869|
|||24,607|
## **18 Endowment funds**
Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
||**At 1 January**|**Incoming**|**Gains and**|
**At 31 December**|
|---|---|---|---|---|
||**2024**|**resources**|**losses**|**2024**|
||**£**|**£**|**£**|**£**|
|**Permanent endowments**|||||
|Thompson Trust|2,871|-|66|2,937|
|**Previous year:**|**At 1 January**|**Incoming**|**Gains and**|
**At 31 December**|
||**2023**|**resources**|**losses**|**2023**|
||**£**|**£**|**£**|**£**|
|**Permanent endowments**|||||
|Thompson Trust|2,624||247|2,871|
The Thompson Trust.
Set up to maintain 3 Thompson family graves.
page 15
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**Balance at**
**1 January 2024**
**£**
The Friends of St Nicholas and Mission
Funds
1,482
St B's Grounds
70
Parish World Bank
470
St B's Refurbishment
-
St N's Fabric & Tower
21,172
St N's Approach
27,524
Churchyard
-
Memorial Garden
1,537
Organ Fund
-
Parent and Toddler Group
-
Parish Fabric Fund
3,610
55,865
**Balance at**
**1 January 2023**
**£**
The Friends of St Nicholas and Mission
Funds
1,328
St B's Grounds
70
Parish World Bank
375
St B's Refurbishment
48,156
St N's Fabric & Tower
121,568
St N's Approach
27,524
Churchyard
24
Memorial Garden
1,537
Organ Fund
-
Parish Fabric Fund
-
200,582|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
710
(1,001)
-
-
305
(95)
107,187
(86,286)
-
-
1,856
(29,542)
1,300
(1,056)
766
(450)
723
(712)
1,045
(569)
-
-
113,892
(119,711)
**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
600
(446)
-
-
627
(749)
8,306
(56,462)
3,407
(65,154)
-
-
359
(519)
60
(60)
566
(566)
-
(35,039)
14,293
(159,146)|**Transfers**
**Balance at**
**31 December**
**2024**
**£**
**£**
-
1,191
-
70
-
680
-
20,901
-
21,172
162
-
-
244
-
1,853
-
11
-
476
-
3,610
162
50,208
**Transfers**
**Balance at**
**31 December**
**2023**
**£**
**£**
-
1,482
-
70
-
470
-
-
(38,649)
21,172
-
27,524
136
-
-
1,537
-
-
38,649
3,610
136
55,865|**Transfers**
**Balance at**
**31 December**
**2024**
**£**
**£**
-
1,191
-
70
-
680
-
20,901
-
21,172
162
-
-
244
-
1,853
-
11
-
476
-
3,610
162
50,208
**Transfers**
**Balance at**
**31 December**
**2023**
**£**
**£**
-
1,482
-
70
-
470
-
-
(38,649)
21,172
-
27,524
136
-
-
1,537
-
-
38,649
3,610
136
55,865|
|---|---|---|---|
||||55,865|
page 16
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **19 Restricted funds**
## **(Continued)**
## The Friends of St Nicholas.
This fund was set up to fund maintenance at St Nicholas’.
## The Mission Fund.
The Mission Fund was used to fund our Youth Alpha Course as well as outreach into local schools.
## Parish World Bank or Team Work Bank.
The congregation regularly donates small amounts which can be used to support emergencies worldwide.
## St Barnabas’ Refurbishment (Fabric) Fund
This is an on going project to provide level access throughout and is in 3 phases. The first phase addressed the Café, completed in 2021, the second phase addressing the internal access between the church and the hall was completed at the end of 2023. The final phase for external access was started towards the end of 2023, completed in 2024.
## St Nicholas Fabric and Tower
In 2024 the main work was to replace the sound system and continue planning for the new lighting scheme.
## St Nicholas Approach
A parishioner gave us £40,000 in 2018 to deal with the problem we have with the path leading to the St Nicholas’ Church and the trees which are encroaching onto and destroying the only access path. This project is ongoing.
## Churchyard Fund – St N’s only
Used to pay for the maintenance of the mowers.
## Remembrance Garden
Used to pay for the maintenance of the memorial garden.
## St Nicholas’ Organ
This fund comes from specific fundraising events and donations for the maintenance of the organ.
## **20 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 January**|**Incoming**|**Resources**|**TransfersAt 31 December**|**TransfersAt 31 December**|
|---|---|---|---|---|---|
||**2024**|**resources**|**expended**||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|Toddlers Group|587|-|-|-|587|
|Youth Group|1,640|-|(139)|-|1,501|
|General funds|4,182|172,223|(171,253)|(162)|4,990|
||6,409|172,223|(171,392)|(162)|7,078|
page 17
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**20**|**Unrestricted funds**|||||**(Continued)**|
|---|---|---|---|---|---|---|
||**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**TransfersAt**|**31 December**|
|||**2023**|**resources**|**expended**||**2023**|
|||**£**|**£**|**£**|**£**|**£**|
||Toddlers Group|693|31|(137)|-|587|
||Youth Group|1,031|1,706|(1,097)|-|1,640|
||Parish fabric Fund|10,000|-|(10,000)|-|-|
||General funds|36,333|152,340|(184,355)|(136)|4,182|
|||48,057|154,077|(195,589)|(136)|6,409|
## **21 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**At 31 December 2024:**
Current assets/(liabilities)
7,078
50,208
2,937
7,078
50,208
2,937
**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**At 31 December 2023:**
Current assets/(liabilities)
6,409
55,865
2,871
6,409
55,865
2,871|**Total**
**2024**
**£**
60,223|
|---|---|
||60,223|
||**Total**
**2023**
**£**
65,145|
||65,145|
## **22 Operating lease commitments**
## **Lessee**
The operating leases represent leases of office equipment from third parties. The leases are negotiated over terms of 5 years and rentals are fixed for 5 years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.
## **23 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
page 18