L) ST DAVIDS CHURCH
Growing Disciples Who Make Disciples
ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S, BATSFORD
PAROCHIAL CHURCH COUNCIL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2024
Contents
Page
Statutory I nformation
Membership of Committees
Annual Report
Statement of PCC Responsibilities
14
Independent Examiner's Report
15
Statement of Financial Activities
16
Balance Sheet
18
Notes to the Financial Statements
19

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARYS BATSFORD
PAROCHIAL CHURCH COUNCIL
STATUTORY INFORMATION
Full Name:
Parochial Church Council of St David's Moreton-in-marsh
with St Mary's Batsford
Church Location:
St David's- Church Street, Moreton in Marsh
st Mary's - Adjacent to Batsford Park, Batsford
Correspondence Address: St David's Church Office, Church Street, Moreton-in-marsh,
Gloucestershire, GL56 OLT
Charity Number:
1131097
Members of PCC:
During the year the following served as members of the PCC:
Incumbent:
The Rev Henry Curran
Curate with Oversight
The Rev Gareth Griffith (from 8 April 2024)
Associate Minister:
The Rev lan Bentley
Churchwardens:
Mr Max Nicholls
Mrs Sarah Rowland
Deanery Synod
Representatives:
Mr Gareth Williams
Mrs Margo Stansbury
The Rev Canon Andrew Dow
Mr Mike Payne (Vice Chair of PCC to 28 April 2024)
Mrs Ruth Whitworth
Mr Peter Hopkins (from 28 April 2024)
Diocesan Synod
Representatives:
The Rev Canon Andrew Dow
Mrs Caroline Faircliff
Mr Peter Hopkins (from 17 October 2024)
Elected Members:
Mrs Ruth Bentley (to 28 April 2024)
Dr Elizabeth Royle (to 28 April 2024)
Mrs Clare Peaston {to 28 April 2024)
Mr Steve Adeyemo Philips (to 28 April 2024)
Mr Richard Cutting
Mrs Caroline Faircliff
Mr Charles Monroe
Mrs Valerie Warner(vice chair from 28 April 2024)
Mr Jamie Avis
Mrs Helen Evans (from 28 April 2024)
Mr Peter Smith (co-opted from 28 April 2024)
Mr Peter Snodgrass (from 28 April 2024)
Mr Alan Hartridge (from 28 April 2024)
Treasurer:
Mr John Woodall (to 28 April 2024)
Mr James Shand (from 28 April 2024).

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Appointments:
Mrs Wendy Webber
Electoral Roll OffI￿r
Employees:
Mrs Margo Stansbury
Mrs Jean Drummond
Church Administrator
Assistant Treasurer (to 30 September
2024)
Mrs Suzy Elliott
Miss Sharon Squires
Children's Worker
IT and Communications Worker
Assistant Treasurer (from 30 September
2024)
Lay Parish Minister (from 22 April 2024)
Centre Cleaner
Mr Peter Smith
Mrs Lorna Didcot
Ministers with
pemiission to officiate:
The Ven Fred Trethewey
The Rev Canon Andrew Dow
The Rev Canon Tim Sedgley
Readers:
Mr Rod Lee
Mr Robin Whitworth
Mrs Ruth Whitworth
Status:
The Parochial Church Council of the Ecclesiastical Parish of St David's
Moreton-in-marsh with St Mary's Batsford (PCC) was registered in the
Register of Charities with the Charity Commission on 12 August 2009 with
the Registered Number 1131097
Independent Examiner:
Mr Daniel Colwell FCCA CTA A
The Old Bull Pens
Sezincote
Moreton-in-marsh
Gloucestershire GL56 9AW
Bankers:
Lloyds Bank
High Street
Moreton-in-marsh
Gloucestershire GL56 OAY
Investment Managers:
CCLA Investment Management Ltd
Church of England Funds
Senator House
85 Queen Victoria Street
London EC4V 4ET

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Membership of Committees
standing Committee
Incumbent
The Rev Henry Curran
The Rev Gareth Griffith (from 13 May 2024)
Mr Max Nicholls
Mrs Sarah Rowland
Mr John Woodall (to 13 May 2024)
Mr James Shand (from 13 May 2024)
Mr Gareth Williams
Mrs Valerie Warner (from 13 May 2024)
Chair
Churchwardens
Vice-chair
Treasurer
Member
Finance and Human Resources Group
Incumbent
The Rev Henry Curran
The Rev Gareth Griffith (from 13 May 2024)
Mr Max Nicholls
Mr John Woodall (to 13 May 2024)
Mr James Shand (from 13 May 2024)
Mrs Jean Drummond (to 30 September 2024)
Miss Sharon Squires (from 30 September 2024)
Mr Mike Payne (to 13 May 2024)
Mrs Valerie Warner (from 13 May 2024)
Mrs Ruth Bentley (to 13 May 2024)
Chair
Churchwarden
Treasurer
Assistant Treasurer
Secretary
Members
Vice-chair
st David's Centre Management Committee
Mr Ramon Gater (to 30 September 2024)
Mrs Margo Stansbury
Chair
Centre Manager
Assistant Treasurer
Mrs Jean Drummond (to 30 September 2024)
Miss Sharon Squires (from 30 September 2024)
Mr Max Nicholls
Mr Ralph Squires (from 30 September 2024)
Mission Committee
Members
The Rev Henry Curran
The Rev Gareth Griffith (from 28 April 2024)
Mrs Shonagh Avis
Mrs Nicola Payne (to 28 April 2024)
Dr Jacquie Williams
Mrs Claire Lee
Mr Andrew Evans
Mr Kyle McFarlane
Charles Monroe (from 9th December 2024)
Chair
Vice-chair

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 2024
Governance
St. David's, Moreton-in-marsh with St. Mary's, Batsford Parochial Church Council ('the
PCC,) works with the incumbent and staff team to promote the whole mission of the
Church within the parish. The PCC has maintenance responsibilities for the Church build-
ings of St David's Moreton in Marsh, St Mary's Batsford and the St David's Centre.
The PCC seeks to fulfil a vision for its work focused around the areas of prayer, evange-
lism, service, mission, teaching. worship, fellowship, pastoral care, children and young
people. The PCC works to ensure that all the activities of the church are building towards
its aims in each of these areas.
The PCC meets monthly and calls additional special meetings when required. Attendance
at the 13 PCC meetings in 2024 was consistently good. The PCC appoints members to
the Standing Committee, which is required by the church representation rules and has the
power to transact the business of the PCC between its meetings. subject to any directions
given by the PCC. It also appoints members to three other committees which meet on a
regular basis and report back to or make recommendations to it:
Finance and Human ReSoUr￿S Group: This oversees PCC finances by monitoring in-
come and expenditure. drawing up budgets and maintaining appropriate financial con-
trols. It has responsibility for employee contracts and terms and conditions of servi￿.
St. David's Centre Management Committee: This supports the Centre Manager in the
day-to-day running of the Centre including negotiating with users, preparing a budget
and managing costs.
Mission Committee: This oversees our missionary commitment, organises special
events and makes grants to support our missionary activity.
Statutory information, including details of PCC members and employees who serve during
the year and members of committees is given on pages 3 - 5. At the last Annual Paro-
chial Church Meeting held in April 2024. 218 members were registered on the electoral
roll (227 at APCM 2023).
The staff team currently comprises the incumbent, associate minister. vice-chair of PCC.
churchwardens, church administrator, children's worker and IT worker. The team meets
on a regular basis, normally weekly, to plan future church activities and consider matters
to be presented to PCC.
staffing
In the absen￿ of the Rev Henry Curran, the Rev lan Bentley, our Associate Minister, con-
tinued to lead the church throughout 2024. We are extremely grateful to lan for his unstint-
ing and faithful commitment to both our churches and the wider benefi￿. In early April we
welcomed Rev Gareth Griffith who joined the staff team as Curate with oversight, and in
late April Peter Smith joined the staff team as Lay Parish Minister. We wish to record our
gratitude to our other retired clergy, Fred Trethewey and Andrew Dow, who have led our
worship and preached regularly, to our Readers for their invaluable ministry. to members
of the worship teams who take part in leading our Sunday services and to Paul Webber
and Richard Cutting and their teams of musicians and singers.

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
We are also grateful to Margo Stansbury, our church administrator, for her committed
work in the church office, and to Sharon Squires for our livestreaming and the technical
areas of our servI￿s.
Many other people continue to give willingly and generously of their time and gifts to
support the different areas of church activity by welcoming visitors and newcomers.
providing refreshments before or after the services, cleaning the church, working with our
children and young people or operating the sound desk. We owe a great deal to all those
who take on these and many more roles, often unseen, to enable the church to fulfil its
vision.
Suzy Elliott has continued her work with the children and Chris Dyer with the youth work.
both on a part time basis.
Prayer
In the area of prayer, our desire is for St David's and St Mary's to live out, publicly and pri-
vately, our conviction that prayer should be the ￿ntral foundation on which all church ac-
tivity is based.
The monthly Fellowship Evening continues to take pla￿ to enable both fellowship and
prayer for the church and wider world. It meets on the first Wednesday evening of the
month. Attendance this year has been around 30 and we join once a quarter with mem-
bers of other churches in the North Cotswold Gospel Partnership.
3.3 There is a weekly time of prayer on a Friday morning to commit the work of the church
and the parish, into God's hands. Our monthly prayer diary covers areas of our town, our
church activities and our mission partners with specific people, events or places to pray
for each day Prayer ministry continues to be offered every Sunday morning after the 10:30
am service. This is well received by those who come for prayer. There is currently a team
of 12 people.
Evangelism
In the area of evangelism, we aim for the church to be at the centre of the Moreton and
Batsford community with no part of the community untouched and everyone given the op-
portunity to hear the good news of Jesus Christ.
4.2 The church was fully involved with the Moreton Christmas market during the planning
stages, but sadly the market was postponed due to weather and switch-on of the Christ-
mas lights went ahead without a service. Invitation cards to our Christmas services were
distributed to homes across Moreton.
Our men's group continues to meet, either for breakfast, with a visiting speaker orfor an
outing. The breakfast meetings have been well attended, with members of the church
bringing friends and neighbours to hear the Christian message from the speaker" in Feb-
ruary Rev. Gary Birch, in October Rev. Gareth Griffith. whilst in April the men visited Hook
Norton Brewery.

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Regular women's outreach events started in December 2023 and have continued roughly
every quarter, with four events in 2024. The topics, timing and format are varied, as we try
to cater for the interests and availability of different sectors in our church and community.
We try to keep the content topical and accessible, the aim being to convey that 'God is
good, and Christians are ok,! We are encouraged by the enthusiasm of women at church
to attend and invite their friends and by the positive feedback about all the speakers so
far- Jacquie Williams (Flying Doctor), Gareth Griffith (Life as an English professor), Suzy
Elliott (Taste the dIfferen￿- Christmas address) and personal testimonies from Helen
Evans, Francine Smith and Kat Vaughan (at a card-making afternoon led by Fiona
Loomes).
At the end of October. a Light Party was held in the church, organized by Suzy Elliott and
a very able team, offering children an alternative to engaging with Halloween. It was well
attended with a good number of families not othe￿iSe connected to the church joining
us. Instead of our annual open-air carol service in the grounds of St. David's school, we
arranged an evening of caroling, with a short talk in each location, in mid-December as an
act of witness to residents of Moreton. Our carol service was reimagined and featured a
telling of the Christmas message through narration, and music, both performance and car-
ols. On Christmas Eve we held a Crib Service for younger children.
Service and Mission
In the area of service, we aim to enable everyone at St David's and St Mary's to play their
part in Servi￿ to the churches and wider community.
Several members of the church continue to be involved with the Foodbank at the Congre-
gational Hall, and this has proved a great help for many struggling with increasing finan-
cial hardship. At the start of December 2022, the church opened a °Wa￿￿ Space. in the
Centre over a Tuesday lunchtime. now re-named Food and Friendship. This aims to pro-
vide soup and a roll for those who are cold and hungry.
The church seeks to support partners in mission both in the UK and beyond. Financially it
has been our practi￿ in re￿nt years to give away approximately 100/0 of our General
Fund gift income to support missionary and church societies and relief and development
agencies.
In the autumn of 2021, Ben Thompson, our former Pioneer Minister, moved with his family
to teach at the Evangelical Theological College of Asia (ETC Asia) in Singapore, which
trains and prepares men and women for gospel ministry in Singapore, South-East Asia
and beyond. The church continues to support him through regular contact and by
recetving and paying over donations to support the teaching ministry of ETC Asia.
David and Georgina Gray work with Wcliffe Bible Translators whose mission is to
communicate the Word of God to people who are still waiting to hear the gospel message
in their own language. As well as translation work into Central Asian languages. they are
involved in teaching and training, literacy work and community engagement.
5.6 steve and Flor Taylor live in Thailand where Steve is Dean of Bangkok Bible Seminary.
The vision of this theological college is to provide Biblically based ministry training for Thai
Christians as well as to prepare and equip those called to expository teaching and
preaching.
M, H and their four children live in a small market town in North Africa. They seek to share
God's love and blessing by working with people living in remote villages and encouraging
believers in Jesus. A group from the church visited them in April 2023.

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Sandy and Kirsten Russell serve among Kurdish people in northern Iraq, especially
working on Bible projects. The Bible has recently been translated into Sorani Kurdish
and work is ongoing to make the scriptures, and supporting materials, widely available
and to engage more deeply with Kurdish people.
5.9 From time to time, the church gives to other mission organisations such as Open Doors,
CORD Global and Compassion UK. Funds given to Compassion UK are for sponsorship
of a boy called Edward in Tanzania who is supported by Adventurers (Sunday morning
children's ministry).
5.10 In 2024 Tom and Sarah Rymer and their four children worshipped with us at St David's for
about 8 months. They have served for many years with Operation Mobilisation in various
mission contexts. In September they moved to Cairo, where their heart for mission is to
serve the Yemeni community and church planting amongst the Yemeni diaspora. They
are also supporting other families who are home schooling their children and Tom will be
teaching English while studying for a masters qualification. They are not formally adopted
as mission partners but various people in the church keep in contact with them and sup-
port them.
5.11 There was a World Mission Sunday in September. The aim of this special service was to
raise awareness of world mission in general, with a focus on the suffering church. and to
give information and updates about each of the mission partners. Link people arranged
stands for church members to visit to find out more and to have conversations about the
mission work we support. The children also got involved by doing a quiz as they visited
the stands and Bridge joined in the mission-focused evening service.
Teaching and Worship
In the area of teaching, we intend that the Bible will continue to be ￿ntral to all that we do
at St David's and St Mary's, that Christ will be"known, loved and taught so that everyone-
young and old- will have the opportunity to learn and will be inspired to grow in their faith.
With the ongoing absence of our incumbent we have continued to hold a single Sunday
morning 10.30 servi￿. Sermon subjects this year have included the gospel of Luke, an
autumn Giving in Grace series and an advent series inspired by famous lines from carols.
We are grateful to a number of visiting preachers who have been part of our services dur-
ing the year. Our morning Servi￿ continues to be livestreamed. which is welcomed by
those who are unable to attend in person.
We continued to hold our 6.00pm Servi￿ throughout 2024 but with a summer break. At-
tendance has been good, and the more informal structure offers the opportunity for per-
sonal testimony. An 8.00am Communion seNice is held at st David's twice a month. At st
Mary's Batsford, services are held twice a month, alternating be￿een Communion and
Morning Worship. During the autumn an evening was held to provide teaching and pre-
sent questions related to the Church of England 'Prayers of Love and Faith. which was
welcomed by the church and considered to be very helpful.
We have continued with the service leading teams established in 2022, meaning that
leading and preaching at services is shared by a group. Most of our worship music is now
live, including the use of the organ, piano, keyboard and both solo instruments and our or-
chestral group.

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Fellowship and Pastoral Care
In the area of Fellowship, our aim is for everyone at St David's and St Ma￿S to feel that
they belong to an extended Christian family within which they can make friends and find
support.
Home groups have continued to provide fellowship, teaching and support for church mem-
bers. Groups are provided with recommended study materials to complement the morning
sermon series, although leaders have a considerable degree of autonomy in how they op-
erate. Our home groups aim to be places where the members are able to connect with
God, through Bible study and prayer, with each other through fellowship and practical
support. and with the world around us, by being encouraged in prayer and personal evan-
gelism.
Friday Club continues on a bNice a month basis to provide a welcome event for many of
the retired folk in the community. Whilst attendance is still below pre-covid levels, the
team continues to maintain contact with as many members as possible to provide friend-
ship.
Our local branch of the Mothers Union continues to meet, and we were pleased to enroll
three new members during the year. Our Women's Bible Study Group meets weekly in
term-time, giving participants an opportunity to share and discuss the scriptures together
in an informal environment.
Moreton Tots on a Wednesday morning thrives, with a steady stream of parents and
carers filling the hall, demonstrating an enormous demand for this type of activity and con-
tinuing to provide an opportunity for outreach.
Children and Young People
We know that children and young people are the future church and to this end we wish to
engage with as many young families as possible, looking for opportunities for new groups
and developments.
For younger children. Sunday Club continues to offer the opportunity to hear and learn
about Jesus as the coming King and on a regular and planned basis to have some big
topics to discuss. Children attend the first part of our morning service, which often
includes a short children's talk and song, leaving then for their separate activities.
The years 9-13 youth group, 'Bridge', meets on Sunday evenings during term time to
enjoy food together. open the Bible and discuss current topics. often finishing with games.
In the autumn. it was decided that we should discontinue the'connect. community youth
club for years 7-9, which had been re-established in 2023, as the numbers were not
increasing.
St David's Church has an excellent relationship with St David's School. We have been
able to continue our contact with the school by leading assemblies for their act of
collective worship, working with a group of 11 children on a regular basis who help to lead
assemblies. We have continued our "Open the Book" (OTB) work with the school and are
extremely appreciative of the members of the OTB team who visit on a weekly basis. We
welcomed several of the children into church for a harvest servi￿, a Christmas service
and an end of year service.
10

ST. DAVID'S MORETON-IN-MARSH WITH sr. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
St David's Centre
The Centre continues to be a resource much valued by our church members whilst also
providing outreach to the wider community, enabling links with a range of external
organisations to be created and maintained. Church activities include our children's and
youth groups, Friday club and our monthly prayer groups. We wish to record our thanks to
the Management Committee for their continued faithful stewardship of the Centre.
Safeguarding
10
10.1 The PCC have adopted the House of Bishops Promoting a Safer Church, safeguarding
policy statement, and our child protection and vulnerable adults. policies are available at
the back of St David's Church and on the church website for review by any member of the
church. The following substantive measures are included in these policies.
Everyone involved in work with children and young people and vulnerable adults at
st David's is made aware of the PCC'S child protection and vulnerable adult
policies.
Details of all persons regularly involved in work with children and young people at
St David's are checked for DBS clearance.
The PCC are to be informed of the names of those who work with children, young
people and vulnerable adults at St David's, and are notified of any changes.
The PCC ensures all those involved in work with children, young people and
vulnerable adults completed ne￿SSary safeguarding training and this is monitored
by the Parish Safeguarding offi￿r.
Sharon Squires as the Designated Safeguarding Lead. is the person to whom all
cases of suspected or alleged abuse are reported.
The Children's and Youth Worker have been responsible to the PCC for implementing and moni-
toring St David's Child Protection Policy. No cases of suspected or alleged abuse were
reported during the year. The PCC has recently reviewed its arrangements and satisfied
itself that the St David's Church Child Protection Policy, and Vulnerable Adults Policy are
appropriate and operating effectively. Safeguarding is on the agenda of every PCC to en-
sure we are doing all we need to do. All members of the PCC have completed the online
training from the diocese entitled 'Raising Awareness of Domestic Abuse..
10.2 The PCC has complied with its duty under section 5 of the safeguarding and Clergy Disci-
pline Measure 2016, being a duty to have regard to the House of Bishops, guidance on
safeguarding children and vulnerable adults.
11
Financial Review
11.1 General Fund
We are pleased to report that the general fund ended the year with a surplus of £6.329
(2023 £6,364). This is a very sound position and remains due to the continued generous
level of both regular giving and donations from the congregation despite the difficult
economic situation. Around 75 % of regular giving is through the Parish Giving Scheme,
which continues to simplify our Gift Aid arrangements. Overall income to the general fund
amounted to £188,282 (2023 £211.541). Regular giving dropped from £182,836 in 2023 to
£156,905 with a major donor moving away mid-year. Regular giving increased towards
the year end, particularly after the Giving in Grace sermon series.

5T. DAVID'S MORETC)N-IN-MARSH WITH ST. MARYS BATSFORD
PAROCHIAL CHURCH COUNCIL
Total expenditure amounted to £181,918 (2023 £199,738). Within this, staff costs and
expenses charged to the general fund amounted to £56,333 (2023 £73,645). These were
offset by the transfer of £27,078 (2023 £15,156) from restricted reserves in respect of
members of the Staff Team and our Youth and Children's Work. The PCC paid Parish
Share of £99,576 (2023 £99,580). Three transfers were made out of the general fund,
£4,000 to the Centre trading to address the trading shortfall, £4,000 to the building fund to
ring fence funds required in response to the 2024 Quinquennial report and £2.000 to the
evangelism fund in anticipation of a future mission.
Given the decrease in regular giving, the PCC took the decision to not recruit a full time
Youth and Children's worker, instead appointing a part time worker, this prudent decision
helped the General fund remain in surplus despite the lower regular giving. The increase
in regular giving following the Giving in Grace sermon series means that a full-time
posÈtion. possibly a Youth and Children's worker. could be appointed later in 2025.
11.2 Designated Funds
Designated funds are unrestricted funds that the PCC has set aside for a particular
purpose. Designated funds remain unrestricted and can be moved to other general funds
if the PCC so decides. These relate to the Church Centre, Bookstall and General Reserve
(see Note 9 to the financial statements).
For St David's Centre, lettings income of £22,233 was above the previous year figure of
£19,123, however the previous year benefited from a generous donation, so overall
designated income was at a similar level as 2023, at £24,403. Expenditure before
depreciation was £28,105 (2023 £21,108), with higher utilities and maintenance costs
(lights in main hall) in 2024. There was an overall loss of £3,702 before depreciation of
£4.612. compared to a surplus of £3,092 in 2023.
The total balance on the Designated Funds stood at £429.303 as at 31 De￿mber 2024
(2023 £433,617). Of this total. £366,402 (2023 £371,012) relates to the net book value of
land, buildings, furniture, fittings and equipment at St David's Church Centre {Note 6).
11.3 Restricted Reserves
Restricted Reserves are funds restricted by the donor for a particular purpose and cannot
be used by the PCC for any other purpose. unless determined by the Courts or the
Charity Commission or with the approval of the donor. They cannot be used to meet other
expenses of the Church.
Other giving in 2024 was down, however this was due to a very generous donation of
£80,000 in 2023 to fund the Parish Minister role.
The Restricted Reserves have been grouped into funds relating to the different areas of
our ministry (see Notes 1.2 and 10). The total balan￿ on the Restricted Reserves stood
at £199,824 as at 31 De￿mber 2024 (2023 £196,682). The main increase in Restricted
Funds was the St Davids fabric fund, which benefrted from a £4,000 transfer from the
General fund, in advance of anticipated repairs required by the quinquennial inspection.
Other restricted funds were broadly similar year on year, with income matching
expenditure. The regular giving into the ETC Asia reserve supports the work of the
Evangelical Theological College of Asia in Singapore to which Ben Thompson, our former
Pioneer Minister, moved with his family in 2021.
12

ST. DAVID'S MORETON-IN-MAR5H WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
11.4 Reserves Policy
As at 31 De￿mber 2023, the total of General Fund and Designated reserves (excluding
the reserve for the Centre land and buildings) amounted to £133,855 (2023 £128,900).
With General Fund expenditure of £181,918 in 2024, (on average £15.159 per month), the
reserves amounted to 8.8 months, liquidty, marginally better than the policy of the PCC
(Note 1, paragraph 1.7).
Adherence to Public Benefit
12
The Trustees have complied with their duty to have due regard to the guidance on public
benefit published by the Charity Commission in exercising their powers and duties.
Examples of this public benefit can be found in other parts of this report. The Charity
constitutes a public benefit entity as defined by Financial Reporting Standard 102.
Adopted by PCC on...L*...........
Signed
Vice Chair of PC
13

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
STATEMENT OF PCC RESPONSIBILITIES
The Charities Act 2011 and the Church Accounting Regulations 2006 require the members of the
PCC to prepare financial statements for each financial year which give a true and fair view of the
affairs of the PCC for the year then ended. In preparing those financial statements, the members
of the PCC are required to:
Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent. and
Prepare the financial statements on a going con￿rn basis unless it is
inappropriate to presume that the PCC will continue in operation.
The members of the PCC are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the PCC and to enable them to
ensure that the financial statements comply with the Charities Act 2011 , the Church Accounting
Regulations 2006 and the Charities Statement of Recommended Practice (SORP - FRS 102).
They are also responsible for safeguarding the assets of the PCC and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Vice
Ir of PCC
Churchwarden
Date 4
Date
14

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARWS BATSFORD
PAROCHIAL CHURCH COUNCIL
Independent Examlner's report to the PCC of St David's Moreton-in-marsh with St Mary's
Batsford
This report on the accounts of the PCC for the year ended 31 December 2024, which are set out
on pages 16 to 28, is in respect of an examination carried out in accordance with the Church
Accounting Regulations 2006 ("the Regulations.) and Section 144 of the Charities Act 2011 ('Ihe
Acr.).
Our report is made solely to the members of the PCC, as a body, in accordance with the
Regulations and the Act. Our work has been undertaken so that we might state to the members
of the PCC those matters we are required to state to them in an independent examinerfs report
and for no other purpose. To the fullest extent possible by law, we do not accept or assume
responsibility to anyone other than the PCC and its members. as a body. for our work or for this
report.
Respective responsibilities of the PCC and examiner
As members of the PCC you are responsible for the preparation of the accounts. you consider
that the audit requirement of the Regulations and section 144(2) of the Act do not apply. It is our
responsibility to issue this report on those accounts in accordance with the terms of the
Regulations.
Basis of independent examinerfs report
Our examination was carried out in accordan￿ with the General Directions given by the Charity
Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2006
edition, issued by the Finance Division of the Archbishops, Council. That examination includes a
review of the accounting records kept by the PCC and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items or disclosures in the
accounts and seeking explanations from you as trustees concerning any such matters. The
procedures undertaken do not provide all the evidence that would be required in an audit and
consequently we do not express an audit opinion on the view given by the accounts and the
report is limited to those matters set out in the statement below.
Independent examinerfs statement
In connection with our examination. no matter has come to our attention..
1. Which gives us reasonable cause to believe that in any material respect.
a. the requirements to keep accounting records in accordance with section 130 of the
Act and
b. to prepare accounts which accord with the accounting records and comply with the
requirements of the Act and regulations have not been met.
2. To which, in our opinion, attention should be drawn to enable a proper understanding of
the accounts to be reached.
an
Icol
ell FCCA CTA A
ull Pens, Sezincote
-marsh GL56 9AW
Old
I JLi-
15

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARYS BATSFORD
PAROCHIAL CHURCH COUNCIL
INCOME AND EXPENDITURE ACCOUNT (INCLUDING STATEMENT OF FINANCIAL
ACTIVITIES) FOR THE YEAR ENDED 31 DECEMBER 2024
UNRESTRICTED FUNDS RESTRICTED TOTAL 2024 TOTAL 2023
FUNDS
General
Fund
Deslgnated
Funds
Notes
INCOMING RESOURCES
Voluntary In¢ome
Regular Giving
Regular Gift Aided Giving
Tax Recoverable
Regular Non Gift Aided Giving
Totsl Regular Giving
113.751
28,438
14,716
156.905
20,241
133.992
33.499
30,614
198,105
158,672
39.668
29.218
227,558
41,199
Other Giving
Ad Hoc Donations
Collections
Special collections
Income Tax Recoverable on other giving
Grants Received
Income from Charitable Activities
Baptism, Wedding, Funeral Fees
Church lettings
Centre lettings
Events charges
Subscriptions
Investment Incorne
Bank Interest
Dividend income
other Incoming Resources
Mis￿lIaneOUS Income
Totsl Incoming Resources
6,490
4,943
300
25.519
32.309
4.943
91,159
5,660
11,000
21.969
8,201
2,795
1.311
11,186
4,106
11.733
547
6.283
260
6.283
260
22.233
3.921
L1.773
6.522
60
19.123
752
2.455
22,233
438
3,483
1,773
8.939
1,323
10.262
260
4,999
260
1.229
188,282
3.885
88,616
5.114
301,301
14,267
413,933
24,403
Totsl Resources Expended
181,918
32.717
81,681
296,316
301,208
Net gainsllosses on Inveslments
171
171
Net movement for the year before transfers
6,364
{8,314)
7,106
5.156
113,371
Transfers between funds
From General Fund to Designated Funds
From General Fund to Restricted Missions Fund
From General Fund to other restricted Funds
From Restricted Fund5 to General Fund
(4,CKIO)
{17,1131
{6.0(Xil
27,078
4,000
17.113
6,000
127.078)
Net movement for the year
6,329
14,314)
3,141
5.157
113.371
Balances bought for•vard
71,337
433,617
196.682
701.636
588,265
Balances carried forward
77,667
429,303
199.824
706,793
701.636
16

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
RESOURCES EXPENDED FOR THE YEAR ENDED 31 DECEMBER 2024
UNRESTRICTED FUNDS RESTRICTED TOTAL 2024 TOTAL 2023
FUNDS
General Designated
Fund
Funds
Notes
Charitable Activities
Missionary and Charitable Giving
Overseas Missionary Societies
Home Missions and Church Societies
Relief and Development Agenc¢es
Other Charities
Mtnistry Salarie5, Benefits and Expenses
Diocesan Parish Share
Slaff Salaries, Pensions, Expenses &
Benefils
Running Expenses
Church and Centre Utilities
Church and Centre Insurance
Church and Centre Maintenan
Upkeep of ServicEs
Other Activities
Fees payable to the Di0￿Se
Church Groups
Church Eventslcourses
Training
Miscellaneous Expenses
Capital Expenditure
New /Repla￿ment Fumiture & Equipment
Depreciation
Costs of Generating Funds
Planned Giving Envelopes
Governance and Support
Independent Examinerfs Fees
Communicalionslmarketing
Administration
65,403
250
2.350
20
65,403
250
2,350
65
40,740
13,875
1,216
270
45
99,576
99,576
99.580
14
56,333
9,631
65.964
83.724
2.780
5,878
1,807
2,607
8,583
2.090
4.902
11,362
7,968
8.330
2,607
6.971
7.587
7,201
3.128
1,621
2,010
2,010
5.370
1.714
873
6.985
1.562
1.978
594
5,370
1,334
381
873
2,004
1.012
3,970
17,066
897
4,612
897
7,019
1,391
7,038
2.122
286
840
2.230
2.433
1.680
2,381
3,511
1,600
1,403
4,324
151
1,078
Total Resources Expended
181918
296 316
301208
17

ST. DAVID'S MORETON-IN-MAR5H WITH ST. MARY'5 BATSFORD
PAROCHIAL CHURCH COUNCIL
BALANCE SHEET AS AT 31 DECEMBER 2024
UNRESTRICTED FUNDS
RESTRICTED TOTAL 2024 TOTAL 2023
FUNDS
Designated
Funds
Notes
General Fund
Fixed Assets
Tangible Fixed Assets
2,692
366,402
276
369.370
375.811
Investments
COIFMIM1 CAP
COIFMIM2 CAP
COIFtB CAP
Total Fixed Assets
1.989
5,365
382
8,012
1,989
5,365
382
377.105
5,246
373
383,375
2,692
366,402
Current Assets
Debtors
Sundry Debtors
3.563
2,806
2,343
8,712
5,977
Short term deposits
CBF Deposit Account- Church
CBF Deposit Account- Centre
37,216
140.000
177,216
26.251
168,284
24,928
26.251
Cash at Bank and in Hand
Lloyds- Church
Lloyds- Centre
Cash in Hand
36.823
2.751
35.261
18.675
38.216
58,249
73,477
90
66,772
63,518
139
90
i&
Total Current Assets
77,692
67.069
199.234
343,995
329,618
Current Liabilities
Creditor5
Sundry Creditors
VAT Payable
Total Current Liabilities
{2,7181
13.392)
777
14,169)
(7.421)
(13,531 }
777
114.307)
110,8481
509
111.357)
(2,7181
(7,4211
Net Current Assets
74,974
62,900
191,813
329,688
318.261
Total Assets
429.303
199.824
706 793
701.636
Flnanced by:
Current Year Net Movements
Balances brought for4vard 01.01.24
Balances carried forward 31.12.24
6,329
71,337
77.667
(4,314)
433,617
429.303
3,141
196,682
199.824
5,157
701,636
706,793
113,271
588,265
701,636
Vic
Chair o
cc
Churchwarden
Date 4+r
Date
18

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Notes to the Financial Ststements - Year ended 31 December 2024
1. Basis of Accounting
1.1 Accounting Policies
The Financial Statements have been prepared under the historical cost convention and in
accordance with the Statement of Recommended Practice: 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) issued on 16 July 2014 and the
Charities Act 2011.
The Charity meets the definition of a public benef￿ entity under FRS 102.
The accounts include all transactions, assets and liabilities for which the PCC is responsible
in law. They do not include the accounts of church groups that owe their main affiliation to
another body or those that are informal gatherings of church members.
1.2 Funds
a. General Funds
General Funds represent the funds of the PCC that are not subject to any restrictions
regarding their use and are available for the general purposes of the PCC. Unless
specified otherwise all money received by the PCC is put into the General Fund.
b. Designated Funds
The PCC may decide to put some of the General Fund money aside in other funds for
use in the future. This money is "designated. for these particular purposes. The money
is "designated" for administrative purposes only. Designated funds are still unrestricted
and can be moved to other general funds (re-designated or un-designated) if the PCC
so decides. The purposes of the Designated funds are:
Centre Trading
This fund shows the net book value of the St David's Cenlre
(land, property, fvrnÉture and equipment) together with
income and expenditure incurred in respect of running the
Centre.
Bookstall
This fund shows income and expenditure incurred in respect
of the Bookstall.
Centre Reserve
For major repairs, emergency repairs, excess of expenditure
above budget when approved by the PCC and to cover year-
end deficits
General Reserve For major repairs, emergency repairs, excess of expenditure
above budget when approved by the PCC and to cover year-
end deficits.
19

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARWS BATSFORD
PAROCHIAL CHURCH COUNCIL
c. Restricted Funds
The PCC also receives money which has been given for a particular purpose. These
are sums restricted by the donor for a particular purpose and cannot and must not be
used by the PCC for any other purpose unless determined by the Courts or the
Charity Commission or with the approval of the donor. The purposes of the Restricted
funds are:
Minis
Ministry Team
For the salary, benefits. expenses and training of the
Ministry Team.
Youth and Children's
Worker
For the salary, benefits, expenses and training of the
Youth and Children's Worker.
Buildin
St David's Fabric
For the maintenance of the fabric of St David's Church
and particularly for the work required to implement the
recommendations of the five-yearly architectural
inspection and report.
St Mary's Fabric
For the maintenance of the fabric of St Mary's Church
and particularly for the work required to implement the
recommendations of the five-yearly architectural
inspection and report.
Bell Tower
For repairs and Maintenan￿ of the bell tower at St
David's Church.
Mission
For Missions
For the overseas and home missions and relief and
development agencies supported by the PCC.
North Cotswolds
Gospel Partnership
For expenses on future activities and talks to reach out
and bless the Cotswold community, with any balances
carried forward from one event to the next similar one.
Evangelism
For expenses associated with running local evangelistic
missions including Christianity Explored.
Christians Against
Poverty (CAP)
For the future setting up of a debt counselling service.
Evangelical Theological For support of the teaching ministy of the College.
College of Asia
Children and Youth
Children
For equipment, reSoUr￿S and funding of events for
children such as Sunday Club and Mums and Tots.
20

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
Youth
For equipment, resources and funding of events for
young people such as Rooted and Bridge
Seniors
For equipment, resources and funding of events for
people of retirement age including Friday Club.
Retreat Weekend
For resources and funding of events to support
discipleship of the Church family including the weekend
away.
Other restricted funds
For others
Funds temporarily held by the PCC such as funeral fees
and expenses.
Rectorfs discretion
For use as the Rector considers appropriate
1.3 Fixed Assets
Consecrated property and moveable church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by the
Charities Act 2011. Moveable Church furnishings held by the Rector and Churchwardens
on special trust for the PCC and which require a faculty for disposal are accounted as
inalienable property unless consecrated. They are listed in the church inventories which
can be inspected at any reasonable time. For inalienable property acquired prior to 2000
there is insufficient cost information available and therefore such assets are not valued in
the accounts.
Land and Buildings
On 28 March 2002, the PCC purchased the St David's Centre for £144,000 plus fees and
expenses from Gloucestershire County Council. The purchase was registered in the name
of The Gloucester Diocesan Trust as Custodian Trustee. The Council has registered a
fixed charge amount of £36,000 for 25 years should the PCC dispose of the property or
should it no longer be available for the sole purpose of delivering recreational facilities to
Moreton in Marsh and the district.
A major project to re-instate the Centre after the floods of 2007, and to further develop it.
was undertaken in the period 2007-2009. The costs of redevelopment in the period
(£317,000) have been added to the cost of the building and depreciation has been
charged on the total at 1 % per annum. The total redevelopment cost is thus written off
over 100 years (see Note 6).
other furniture, fixtures and equipment
Equipment used within the Church and Centre premises is depreciated on a straight-line
basis over 4 years.
21

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
1.4 Investments
The money held for future work with Christians Against Poverty (CAP) is invested in 3
Col F Charities Investment Fund Accounts which relate to funds taken over by the PCC
from two redundant charities.
The PCC operates a deposit account with the Church of England Central Board of
Finance, managed by CCLA Investment Management Ltd, which for the amounts
available pays interest at a more competitive rate than those rates available from banks,
building societies or the Charities Aid Foundation.
Interest and dividends are accounted for when received.
1.5 Current Assets
Current Assets comprise:
Amounts owing to the PCC at 31 December in respect of fees, rents, prepayments
or other income. These are shown as debtors (Note 7).
Short-term deposits including cash held on deposit with the Church of England
Central Board of Finance.
1.6 Income and Expenditure Recognition
Voluntary Income
Collections are recognised when received by or on behalf of the PCC. Planned giving
receivable under Gift Aid is recognised only when claimed. Grants and legacies to the
PCC are accounted for as soon as the PCC is notified of its legal entitlement. the amount
due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Income for Charitable Activities
Rental income from the letting of church premises and for St David's Centre is recognised
when the rental is due. Funds raised by events are accounted for gross as are sales of
books and cards.
Grants
Grants and donations are accounted for when paid over.
Parish Share
The Diocesan Parish Share is accounted for in the period to which it relates.
1.7 Reserves Policy
The PCC has a policy relating to the General Fund Reserve and the Designated Centre
and General Reserves under which an amount equivalent to approximately 6 month's
expenditure is to be retained as a General Reserve, to be used for major repairs,
emergency repairs. excess of expenditure above budget (when approved by the PCC)
and to cover year-end deficits. Vvhen depleted, this Reserve is to be topped up from year-
end surpluses not required for other purposes or by a specific amount included in the
budget.
22

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
2. Grants
Grants cover external grants received from trusts and other funding bodies either for the
PCC General Fund or for a restricted purpose. The following grants were received in
2024".
Grant Making Body
Purpose
2024
2023
Edith Mann
Children & Youth
455
Listed Pla￿S of Worship
Friends of St Mary's
Groves Trust
Batsford
198
Batsford
988
Youth Worker
10,000
Dulverton Trust
Youth
5.000
2.096
650
Gloucester Diocese Energy Grant General
Gloucester Rural Warm Space
Evangelism
Moreton in Marsh Charity
Centre
547
11.733
8,201
3. Bookstall
Although there was no bookstall trading income, £477 of costs relating to printed outreach
were incurred in the year, so the year-end balance was £1.718.
4. Missionary and Charitable Giving
Gifts were made as follows:
2024
2023
4.1 Overseas Missionary Societies
Church Mission Society
Operation Mobilisation
Open Doors
Taylors in Thailand
Wycliffe Bible Translators
Middle East Christian Outreach
Evangelical Theological College of Asia
6.000
2,000
2,000
1,000
2,500
2,000
2,500
2,000
2.500
2.000
47,903 26,700
7.000
65,403 40,700
4.2 Home Missions and Church Societies
Church Army
Kingham Hill Trust- Oak Hill College
Church Society
1.000
12,875
250
250 13,875
23

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARY'S BATSFORD
PAROCHIAL CHURCH COUNCIL
2024
2023
4.3 Relief and Development Agencies
Cord
Global Care (Sunday Club)
Compassion
2,000
126
224
2,350
1,000
216
1,216
4.4 Other Charities
Gloucestershire Bellringers
Deanery Synod
Royal British Legion Poppy Appeal
Church Society
20
20
25
20
250
270
65
5. Insurance
On 31 December 2024, Sl David's Church, St Mary's Church and St David's Centre were
insured with Ecclesiastical Insurance Group as follows:
St David's
Church
St Mary's
Church
St David's
Centre
Building and Contents
15,290,000
9,980.000
2.130,853
Consequential Loss
100,000
100.000
100,000
Public Liability
10.000,000
10,000,000
10,000,000
Employers Liability
10.000,000
10,000,000
10,000,000
24

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARVS BATSFORD
PAROCHIAL CHURCH COUNCIL
6. Tangible Fixed Assets
Bell
Centre
St David's St Mary's
Tower
Furniture
Furniture
Furniture Furniture
Fixtures &
Fixtures & Fixtures & Fixtures &
Equipment Equipment Equipment Equipment Total
Centre
Freehold
Land &
Buildings
Cost
At 01101124
Additions
461,166
69,471
70.881
579
71,460
3,714
2.682 607.914
579
2,682 608,493
At 31112124
461,166
69,471
3,714
Depreciation
At 01101124
Charge for
the year
At 31112124
90,154
69,471
66.645
3,714
2,120 232,104
4,612
94,766
2,122
68,767
286
7,019
2,406 239,123
69,471
3,714
Net Book
Value
At 31112124
366,400
2,693
276 369.370
At 31112123
371.012
5,057
562 375,811
7. Sundry Debtors
Sundry debtors totalled £8,712 at 31 December 2024 (2023 £5,977) broken down as
follows:
2024
2023
Gift Aided claims to HMRC
Prepayments and other debtors
4,334
4,378
3,115
2,862
8,712
5,977
25

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARYS BATSFORD
PAROCHIAL CHURCH COUNCIL
8. Sundry Creditors
Sundry creditors totslled £13,531 at 31 December 2024 (2023 £10,848) broken down as
follows:
2024
2023
Accrued expenses
Prepayments of income and other credstors
2,860
10,670
13,531
2,698
8,150
10,848
9. Designated Funds
Balance at
111124
Incoming Resources
Funds
Resources expended Transfers
Balance
at
31112124
Centre Trading
Bookstall
Centre Reserve
General Reserve
Total Designated Funds
376,054
2,195
15,368
40,000
433.617
24,403
(31,343)
(478)
(897)
4,000 373.114
1,717
14,471
40,000
4.000 429.303
24,403
32,717
10. Restricted Funds
Balan￿ at
111124
Incoming ReSoUr￿S
Resources expended
Funds
Transfers
Balance
at
31112124
Ministry Team
Youth & Children's
Worker
Total Ministry
83,165
5,385
(18.500)
70,049
18,756
101,921
24,087
29.472
8,578
27,078
34,265
104,315
St David's Fabric
St Mary's Fabric
Bell Tower
Total Buildings
26.290
58
2,301
28,649
158
1,186
583
4,000
30,133
58
2,361
32,552
1,186
1,829
4.000
For Missions
N C Gospel Partnership
Evangelism
ETC Asia
Christians against
Poverty
Total Mission
17,728
918
6,953
21,974
17,113
200
1,800
12,867
1,318
7,561
200
1,436
45,902
2,628
45,902
11,478
37,076
1,631
49.169
13,109
34,855
70,504
19,113
26

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARYS BATSFORD
PAROCHIAL CHURCH COUNCIL
Children & Youth
Total Children and
Youth
7,982
1,773
2,059
7,696
7.982
1.773
2,059
Groups
Seniors
Retreat Weekend
Total Groups
5,686
6,556
12,242
2,609
3,257
5,038
6,556
2.609
3,257
Others
For Others
Rector's Discretion
Total Others
3,935
3,935
8,812
8,812
3.935
3,935
Total Restricted Funds
196,682
88,787
81,681
3,965
199,824
11. Capital Commitments
At the year-end there were no capital commitments.
12. Contingent Liabilities
There is a Contingent Liability of £36,000 for 25 years from 27 March 2002 payable to
Gloucestershire County Council, from whom the Centre was purchased (see note 1.3 and
6}.
13. PCC Members and other related parties
No payments were made to other related parties.
14. Staff costs and employee benefits:
The average number of staff employed by the PCC in 2024 was 6 (2023: 6). No employee
received benefits (excluding employer pension costs) of more than £60,000.
Total employee costs in 2024 amounted to £65,964 (2023: £83,724).
2024
2023
Wages and salaries - Church
Wages and salaries - Centre
Employers Pension - Church
Employers Pension - Centre
Other benefits
Payroll fees
54,240
9,251
1,226
172
226
851
65,172
9,183
3,040
193
5.456
679
65,964
83,724
27

ST. DAVID'S MORETON-IN-MARSH WITH ST. MARWS BATSFORD
PAROCHIAL CHURCH COUNCIL
15. Disclosure of trustees, ￿muneratIon and benefits
During the year, one employee was a member of the PCC by virtue of their appointment
by the Annual General Meeting of the church to membership of the North Cotswold
Deanery Synod. For this individual, the date of their employment preceded the date of
their appointment to the North Cotswold Deanery Synod. Their remuneration does not
cover any work done in their capacity as members of the PCC.
There were no payments made to PCC members (or to entities controlled by PCC
members) apart from direct reimbursement of expenses incurred on behalf of the PCC.
28