# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** # **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **CHARITY REGISTRATION No: 1131214** Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 1 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Pages 4 to 5|Report of the Trustees| |Page 6|Independent Examiners Report to the Trustees.| |Page 7|Statement of Financial Activities| |Pages 8|Balance Sheet| |Page 9 to16|Notes to the Financial Statements| 2 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1131214 **START OF FINANCIAL PERIOD** 1 January 2024 **END OF FINANCIAL PERIOD** 31 December 2024 ## **PCC MEMBERS WHO SERVED UNTIL THE END OF 2024:** Vicar: The Reverend Ian Michael Forrester Churchwardens: Mr David Bannister (elected 2020, re-elected annually since) Churchwardens: Mrs Katie Kean (elected 2020, re-elected annually since) **REPRESENTATIVES ON THE DEANERY SYNOD:** Mr Tim Pullan (reappointed 2017, re-elected 2020) Mr Michael Beaman (elected 2021) **ELECTED MEMBERS AND TREASURER:** Mr David Bannister (elected 2021) Ms Lara Moyler (elected 2017, re-elected 2020 & 2023) Mrs Margaret Higgins (elected 2020, re-elected 2023) Mrs Susan Holland (elected 2020, re-elected 2023) Mrs Mary Nagel (elected 2020) Mrs Catherine Saunders (re-elected 2021) Mr Terry Stone (elected 2021) Mrs Claire Jones (re-elected 2022) Mrs Sarah Taylor (elected 2023) Mrs Sandra Bannister (elected 2023) Mr Mark Peters - appointed on 26.05.2024 Mr David Jones - appointed on 26.05.2024 Ms Heidi Gregory - appointed on 26.05.2024 Ms Rosalind Craven - appointed on 26.05.2024 ## **CORRESPONDENCE ADDRESS** Church Lane Boxgrove Chichester West Sussex PO18 0ED **GOVERNING DOCUMENT** Parochial Church Council powers measure (1956) as amended and church representation rules **OBJECTS** Promoting in the ecclesiastical parish the whole mission of the Church. **BANKERS** Barclays Bank plc CAF Bank Limited Barclays Bank plc CAF Bank Limited East Street 25 Kings Hill Avenue Chichester Kings Hill West Sussex West Malling PO19 1HR Kent ME19 4JQ Irwin Mitchell LLP Michael Drury Thomas Eggar House St Ann's Gate Architects LLP Friary Lane The Close Chichester Salisbury West Sussex Wiltshire PO19 1UF SP1 2EB ## **SOLICITORS & ARCHITECT** ## **INDEPENDENT EXAMINER** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Review of the year 2024** During the year the full PCC met 6 times. The Standing Committee met on occasions between PCC meetings and details of their deliberations were received by the full PCC and discussed where necessary. Claire Jones, our Safeguarding Officer, reported at each PCC meeting. There was a very significant decline in attendance at the Sunday service, due to the pandemic, but Sunday attendance has seen a steady improvement. Weekday masses continue, as we regard this as one of the very valuable characteristics of the parish. Attendance varies. We have continued to livestream our main Sunday service and the Wednesday masses. There is clearly still a grateful housebound congregation, and it is unlikely that we shall stop livestreaming.. In church we have resumed the practice of administering Holy Communion in both kinds, but with clear advice that receiving in one kind only is perfectly acceptable. We are not allowing the practice of intinction. Boxgrove Priory is well known for its music, and we have been glad to see our choral tradition both recover and thrive, thanks to the addition of some new singers. Attendances at Christmas services has increased, and there were several carol services held for schools and local charities, including the West Sussex Women’s Institute.. There have been 6 weddings held in the Priory. There have been 10 funerals held in church. The annual pilgrimage to Walsingham has been a significant feature in our calendar, and there was such a pilgrimage this year. It was well-supported, and a great and significant encouragement to the faith in the parish. We also hosted a Walsingham Day, led by The Bishop of Lewes, in the Autumn, drawing-in people from all over the diocese.. A ‘cell’ of Our Lady of Walsingham, exists here to strengthen the spiritual and devotional practices of those whose Christian spiritual life has found a resonance with Walsingham. The parish has adopted the new translations of the mass lectionary, the cost of the necessary books was met by donations. The village's Church of England Primary School has a very strong relationship with the Priory, and the Vicar, Father Ian, is the Chair of Governors. The duties associated with that have been quite onerous, but meetings are now taking place face-to-face. The PCC of Boxgrove Priory continues to be grateful for assistance from a considerable number of retired clergy. The fundraising for the rebuilding of the organ has reached a successful conclusion, and the cleaning and reconstruction has now taken place, and the organ is ‘speaking’ well, and, apart from inevitable adjustments to the mechanical action, it is in good fettle. Fr Ian has made it known that he plans to retire in the Spring next year. 4 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF BOXGROVE REPORT OF THE TRUSTEES (Contlnu•d) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanelal r•vl•w The Charlty agreed to malntain the Parish Share, pald to the Di￿eSe for our share of Parlsh Mlnlstry Costs, at the same level SIn￿ 2021. Whllst we asplre to Increase thls amount. we contlnije to see a slgnlflcant Increase In our costs whlch currently Ilmlts our ablllty to do $0. Unrestrlcted year-end balènce was £180,121, £17,655 less than last year, thls Is due to the Increase of dlrect costs by £9,995, and decrease of Income from Other tradlng actlvltles In the value £3,755 compared to last year. The Charlty alms to have 2 months reserve to cover a percentage of our flxed costs In the value of £14,1670, thls currently stands at Just over £12.000 from our general unre5tr1cted fvnd and need5 to be addressed In the coming perfod. stat•m•nt of Trust¢¢•' re•pon•ibilitlu: The Charltles Art requlres the Board of Trustees to prepare flnanclal statements for each flnanclal year whlch glve a true arkd falr vlew of the state of affalrs of the chartty as at the end of the flnanclal year an(J of the surplus or deflclt of the charlty. In preparing those financial ststements the Board Is requlred to select sultable accountlng pollcles and then apply them con5iStently' make Judgements and estimates that are reasonable and prudent. and prepare the financlal statements on the going concem bas15 unless It Is Inapproprlate to presume that the charlty wlll contlnue In operatlon. state whether appllcable accountlng stsndards and statements of recommended prartlce have been followed, subject to any matertal departures disclosed and explalned In the flnanclal statements; The trustees are also responslble for malntalnlng adequate accountlng records which dlsclose wlth reasonable accuracy at any tlme the financlal posltlon of the charlty and whlch are sufficlent to show and explaln the charlty's transactlons and enable them to ensure that thé flnanclal statements comply wlth the regulatlons made under the Charlties Art. They are also respon51ble for safeguordlng the assets of the charfty and hen￿ for taklrtg reasonable steps for the preventlon and detectlon of fraud and other Irregularftles. The trustees are also responslble for the contents of the tru5tees' repor¢ and the responslblllty of the Independent examlner In relatlon to the trustees, report Is Ilmlted to examlnlng the report and ensurlng that, on the face of the report, there are no Inconslstencles wlth the flgures dlsclosed in the financial statements. I approve the attached statement of flnanclal actlvltles and balance sheet for the year ended 31 December 2024, and conflrm that I have made avallable all Informatlon necessary for Its preparatlon. Date.. Slanature. ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Boxgrove for the year ended 31st December 2024. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). ## **Responsibilities and basis of report** I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the 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 which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. Signed: Date: 09.05.2025 Zita Derbak MAAT Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 6 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024** |Notes
**INCOMING RESOURCES**
Donations and Legacies
2a
Charitable Activities
2b
Other Trading Activities
2c
Investments
2d
**TOTAL**
**RESOURCES EXPENDED**
**Expenditure on:**
Raising Funds
3a
Direct cost of Charitable Activities
3b
Support & Other Cost
3c
**TOTAL**
**NET INCOME/(EXPENDITURE)**
Transfers between funds
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**Income and Endowments from:**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024**
**2023**
£
£
£
**£**
**£**
87,157
3,852
1,902
92,911
101,744
11,914
1,190
0
13,104
8,034
8001
0
0
8,001
17256
161
0
0
161
279
**107,233**
**5,042**
**1,902**
**114,177**
**127,313**
0
0
0
0
2,150
121,054
1,137
850
123,041
117,478
3,696
0
0
3,696
3,382
**124,750**
**1,137**
**850**
**126,737**
**123,010**
**-17,517**
**3,905**
**1,052**
**-12,560**
**4,303**
-138
0
138
0
0
**-17,655**
**3,905**
**1,190**
**-12,560**
**4,303**
197,776
0
11,227
209,003
204,700
**180,121**
**3,905**
**12,417**
**196,443**
**209,003**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 9 to 16 form part of these financial statements. 7 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE BALANCE SHEEr AS AT 31 DECEMBER 2024 Unrestrlcted Funds Deslgnated Funds Restrlcted Fund5 31-D•tr24 31-Detr23 Total Total Plx•d A•¥•ts Tanglble assets 181,758 181,758 188,461 Curr•nt AB••ts Debtors Cash at bank and In hand Total Current A•Mt• 5,246 12,543 17.789 5,246 28,865 34.111 7,608 28,076 35.684 3,905 3.90S 12.417 12.417 Crnditgrn: amounts falllng due wlthln one year 19,426 19,426 15,142 NEf CURRENT ASSETS -1,637 3,905 12,417 14,685 20,542 TOTAL ASSEfs less current Ilabllltles 180.121 3,905 12.417 196.443 209.003 ¢rodlttsr•: amounts falllng dL5e in more than one year NEf ASSETS 180.121 3,905 12.417 196.443 209,003 Fund• of the Charlty General Funds Restrtrted Funds Deslgnated Funds 180,121 180,121 12,417 3,905 196.443 197,776 11,227 io 12,417 3,905 3.905 180,121 1¥417 209.003 The flnanclal statements were approved by the Board of Trustee5 and authorised for Issue on.. Date.. ,,/:-/&r Slgned on the Trustees. behalf: ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Basis of preparation:** 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. The charity constitutes a public benefit entity as defined by FRS 102. ## **1. ACCOUNTING POLICIES** ## **INCOME** ## _**Recognition of Income**_ These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the income; - it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## _**Offsetting**_ There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## _**Grants and Donations**_ Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP). ## _**Tax Reclaims on Donations and Gifts**_ Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. ## _**Gifts in Kind**_ Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. ## _**Legacies**_ Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. ## _**Government Grants**_ The charity has received government grants in the reporting period ## _**Donated goods**_ The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. 9 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024** ## _**Donated Services and Facilities**_ Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report. ## _**Income from interest, royalties and dividends**_ This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## _**Insurance claims**_ Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA. ## _**Income from membership subscriptions**_ Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. ## **Expenditure and liabilities** The charity has opted to prepare its accounts using natural categories. ## _**Liability Recognition**_ Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## _**Governance and Support Costs**_ Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. 10 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024** ## _**Employee benefits**_ Short term benefits including holiday pay are recognised as an expense in the period in which the service is received. ## _**Redundancy cost**_ The charity made no redundancy payments during the reporting period. ## _**Deferred income**_ No material item of deferred income has been included in the accounts. ## _**Creditors**_ The charity has creditors which are measured at settlement amounts less any trade discounts. ## _**Provisions for liabilities**_ A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. ## _**Fixed Assets**_ ## _**Consecrated land and buildings and movable church furnishings**_ Consecrated and benefice property is excluded from these financial statements by section 10(2)(a) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the statement of financial activities and separately disclosed. The St Blaise Centre is depreciated on a straight line basis over 50 years. The St Blaise Centre lease is depreciated on a straight line bases over 99 years. ## _**Other fixtures, fittings and office equipment**_ Equipment used within the church premises is depreciated on a straight line basis over 10-50 years or the useful economic life of the item, whichever is the less. Individual items of equipment with a purchase price of £500 or less are written off when the assets is acquired. These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets as stated below: St Blaise Centre: Straight line method over 50 years St Blaise Centre lease: Straight line method over 99 years Fixtures & Fittings / Equipment: Straight line method over 10-50 years, capitalised at value of £501 or more. ## _**Debtors**_ Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. ## _**Fund accounting**_ Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds represent income which may be expended only on those restricted objects provided in the terms of transfer to the PCC. 11 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024** ||Unrestricted|Designated|Restricted|**TOTAL**|**TOTAL**| |---|---|---|---|---|---| |**2. ANALYSIS OF INCOME**|Funds|Funds|Funds|**2024**|**2023**| ||£|£|£|**£**|**£**| |**a) Donations and Legacies**|||||| |Planned giving|39,222|0|998|40,220|52,652| |Sundry donations / wall safe|8,752|0|0|8,752|8,490| |Vicar's discretionary fund|0|0|886|886|0| |Donations|19,138|3,852|0|22,990|7,851| |Grants|700|0|0|700|11,884| |Plate collections|7,428|0|0|7,428|8,824| |Restoration appeal|0|0|18|18|79| |Gift Aid Recoverable (Non restricted)|11,917|0|0|11,917|11,964| ||**87,157**|**3,852**|**1,902**|**92,911**|**101,744**| |**b) Charitable Activities (Mission & Charitable giving)**|||||| |Wedding/funeral fees|4,344|0|0|4,344|2,760| |Coffee & Lunch club|601|0|0|601|490| |Bugle advertising|2,006|0|0|2,006|1,712| |Musician receipts|3,770|0|0|3,770|1,660| |Charitable Activities|1,193|1,190|0|2,383|1,412| ||**11,914**|**1,190**|**0**|**13,104**|**8,034**| |**c) Other Trading Activities**|||||| |St Blaise Centre lettings|2,913|0|0|2,913|3,865| |Priory lettings|1,100|0|0|1,100|1,456| |Fetes & fundraising|3,988|0|0|3,988|11,935| ||**8,001**|**0**|**0**|**8,001**|**17,256**| |**d) Investments**|||||| |Interest|161|0|0|161|279| ||**161**|**0**|**0**|**161**|**279**| 12 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |3. ANALYSIS OF EXPENDITURE| |Unrestricted|Designated|Restricted|TOTAL|TOTAL| |Funds|Funds|Funds|2024|2023| |£|£|£|£|£| |a) Raising Funds| |Cost of Fundraising Activities - Festival|0|0|0|0|2,150| |0|0|0|0|2,150| |b) Direct Cost of Charitable Activities| |Insurance - the Priory|7,330|0|0|7,330|7,076| |Miscellaneous|237|0|0|237|664| |Parish Share|48,420|0|0|48,420|48,420| |Vicarage|3,729|0|0|3,729|3,656| |General maintenance|4,589|0|0|4,589|5,173| |Upkeep of services|2,695|1,137|0|3,832|845| |Priory utilities|13,164|0|0|13,164|14,942| |Flowers|0|0|315|315|553| |St Blaise Centre costs|3,814|0|0|3,814|5,341| |Churchyard expenses|5,723|0|150|5,873|5,769| |Printing/Stationery|3,482|0|0|3,482|2,725| |Honoraria|3,948|0|0|3,948|733| |Musician fees - Special services|1,630|0|0|1,630|795| |Musicians fees - organist regular services|8,270|0|19|8,289|7,474| |Depreciation|9,140|0|0|9,140|8,569| |Missionary & Overseas relief|3,346|0|0|3,346|1,412| |Organ Maintenance|0|0|366|366|0| |Printer leasing cost|1,537|0|0|1,537|0| |Festival expenses|0|0|0|0|3,331| |121,054|1,137|850|123,041|117,478| |c) Support and Other costs| |Governance cost|1,840|0|0|1,840|2,082| |Finance cost|1,300|0|0|1,300|1,300| |Bank Charges & Transaction fees|556|0|0|556|0| |3,696|0|0|3,696|3,382| |4. STAFF COSTS AND NUMBERS|2024|2023| |£|£| |Gross Wages and Salaries|9,982|9,424| |Employer's National Insurance Costs|86|0| |Pension Contributions|0|0| |10,068|9,424| **----- End of picture text -----**
Number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards: No employee received emoluments in excess of £60,000. Staff are paid on through the PAYE system. **----- Start of picture text -----**
||| |---|---| |2024|2023| |TOTAL|TOTAL| **----- End of picture text -----**
Average number of employees in the year: 3 3 13 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **5. TRUSTEES AND OTHER RELATED PARTIES** £279 was paid to four trustees for their role in the choir in the year. No other trustee or any persons connected with them received any payment during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2023: £171) Four trustees were reimbursed for their out of pocket expenses in the year ended 31st December 2024 in the value of £6,092. (2023: £2,204) Any member expenses claimed or incurred are subject to the PCC's normal internal controls and authorisation procedures. |**6. TANGIBLE FIXED ASSETS**
Cost
01-Jan-24
Additions
Cost at
31-Dec-24
Depreciation
01-Jan-24
Charge for the year
Depreciation at
31-Dec-24
Net Book Value
31-Dec-24
Net Book Value
31-Dec-23|Leasehold
Property
Long Lease
Plant &
Machinery
**Total**
£
£
£
**£**
155,000
30,000
119,720
304,720
0
0
2,437
2,437
155,000
30,000
122,157
307,157
0
68,200
6,621
41,438
116,259
3,100
300
5,740
9,140
71,300
6,921
47,178
125,399
0
**83,700**
**23,079**
**74,979**
**181,758**
86,800
23,379
78,282
188,461| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023 : None 31st December 2024: None The PCC holds the lease from the Goodwood Estates Company Limited for a term of 99 years from 25 June 1996 over the land previously known as the Scout Hut, being the site for the St Blaise Centre. Rent is £100 per annum reviewable every ten years having regard to the Retail Price Increase. The premium paid for the lease was £30,000. The valuation of the St Blaise Centre on completion was £155,000. |**7. CASH AT BANK AND IN HAND**
Cash at bank and on hand
**8. DEBTORS AND PREPAYMENTS**
Tax recoverable
Trade debtor|Unrestricted
Designated
Restricted
Total
Total
Fund
Fund
Fund
2024
2023
£
£
£
£
£
12,543
3,905
12,417
28,865
28,076
**12,543**
**3,905**
**12,417**
**28,865**
**28,076**
Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**31-Dec-24**
**31-Dec-23**
£
£
£
**£**
**£**
1,374
0
0
1,374
3,108
3,872
0
0
3,872
4,500
**5,246**
**0**
**0**
**5,246**
**7,608**| |---|---| 14 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024** |Trade Creditors
Independent Examiners Fees
Accruals & Deferred Income
**9. CREDITORS AND ACCRUALS: AMOUNTS**
**FALLING DUE IN ONE YEAR**|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-24**
**31-Dec-23**
£
£
**£**
**£**
3,433
0
3,433
1,860
1,230
0
1,230
1,230
14,763
0
14,763
12,052
**19,426**
**0**
**19,426**
**15,142**| |---|---| |**10. RESTRICTED FUNDS**
Vicar's fund
Flower fund
Billy Fiske Memorial fund
Restoration Appeal
Organ fund*
Festival fund
Choir Fund
Vicar's fund
Flower fund
Billy Fiske Memorial fund
Restoration Appeal
Organ fund
Festival fund
Choir Fund|Balance
Balance
01-Jan-24
Income
Expenditure
Transfers
31-Dec-24
£
£
£
£
£
2,990
886
0
0
3,876
0
575
-315
0
260
899
95
-150
0
844
2,363
18
0
0
2,381
0
228
-366
138
0
3,839
0
0
0
3,839
1,136
100
-19
0
1,217
**11,227**
**1,902**
**-850**
**138**
**12,417**
Balance
Balance
01-Jan-23
Income
Expenditure
Transfers
31-Dec-23
£
£
£
£
£
4,929
295
-2,234
0
2,990
-627
530
-553
650
0
968
81
-150
0
899
2,284
79
0
0
2,363
35,046
12,736
0
-47,782
0
1,670
5,500
-3,331
0
3,839
1,137
150
-151
0
1,136
**45,407**
**19,371**
**-6,419**
**-47,132**
**11,227**
**PREVIOUS REPORTING PERIOD**
**CURRENT REPORTING PERIOD**| |---|---| Vicar's fund: Donations received where the disposal of the funds is solely at the discretion of the Vicar. The transfer between this fund and the general fund represents a surplus of income during the year. Flower fund: To cover the cost of provision of flowers for the Priory. Billy Fiske Memorial fund: The funds are held for the maintenance and refurbishment of the Billy Fiske grave and the area immediately surrounding it. Maintenance is to be accomplished by, amongst other means, twice annually washing the headstone to ensure legibility of the text. Should the headstone require replacement as a result of damage then the capital may be expended on such works. Restoration Appeal: a sum of money received by donation and gift aid to enable continued restoration of the Priory church and repayment of existing loans. The transfers between this fund and the general fund represent the sum expended by the PCC on the repayment of an outstanding general fund loan amount. * Organ Fund: Donations received to assist with the employment of an organist and ensure the upkeep and maintenance of the organ. The organ was refurbished for £47,898 in 2023 which amount was capitalised, out of this £47,782 was from the original restricted fund. Festival: Donations received to assist with the presentation of a Festival. Transfers between this fund and the general fund represents the sum expended by the PCC from general funds on the Festival. The surplus made on the presentation of the festival was transferred to the Restoration Choir Fund: Donations received to assist with the purchase and maintenance of a choir music library. 15 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BOXGROVE** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **11. DESIGNATED FUNDS** |Heating system
Lectionary Book Appeal|Balance
Balance
01-Jan-24
Income
Expenditure
Transfers
31-Dec-24
£
£
£
£
£
0
3,852
0
0
3,852
0
1,190
-1,137
0
53
**0**
**5,042**
**-1,137**
**0**
**3,905**
**CURRENT REPORTING PERIOD**| |---|---| Heating system: Donation to be set aside for work to be carried out in the heating system in 2025. Lectionary Book Appeal: Donation to be set aside for the purchase of new Lectionary Books to be used in all services from the start of Advent 2024. ## **12. RISK ASSESSMENT** The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **13. RESERVES POLICY** The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. ## **14. PUBLIC BENEFIT** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 16