Charity Registration Number: 1131362 St Margaret's CHURCH Annual Report & Financial Statements of the Parochial Church Council of Angmering St. Margaret for the year ended 31 December 2024 Incumbent: Revd Canon Mark Stsnden The Rectory Rectory Lane Angmering BN16 4JU Principal Address: St. Margaret's Church Arundel Road Angmering West Sussex BN16 4JS Independent Examiner: Mrs Sarah Alexander Lewis Brownlee (Chichester) Limited Appledram Barns Birdham Road Chichester West Sussex P020 7EQ Principal Bankers: HSBC 16 Goring Road Worthing West Sussex BN12 4AW
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report & Financial Statements Charity Registration Number: 1131362 CONTENTS PAGE Annual Report statement of Financial Activities 10 Balance Sheet 11 Statement of Cash Flows 12 Notes to the Financial Statements: Accounting Policies 13 Detailed SOFA 15 Notes to the Balance Sheet & Cash Flow 20 Independent Examiner's Report 24
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report Charity Registration Number: 1131362 Introduction St Margaret's Church is situated in Angmering, West Sussex. It is part of the Diocese of Chichester within the Church of England. The Parochial Church Council of Angmering St Margaret ('PCC') is a charity that registered with the Charity Commission during 2009. The registered charity number is 1131362. The Members of the PCC present their report and the financial statements of the charity for the year ended 31 December 2024. The members have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charities Act 2011, 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) and the Church Accounting Regulations 2016. Aim and Purposes The primary objective of St Margaret's Church, Angmering is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the incumbent, the Revd Canon Mark Standen, in promoting in the parish the whole mission of the Church pastoral, evangelistic, social and ecumenical. Our church strapline is 'Sharing God's love,. PCC Membership Members are either ex officio, elected at the Annual Parochial Church Meeting ('APCM') or co-opted, all in accordance with the Church Representation Rules, Incumbent.. The Revd Canon Mark Standen (Chairman). Associate Vicar.. The Revd Benjamin Martin (from April 2024) Curate: The Revd Nathanael Gillett (from July 2024). Lay Reader.. Mr John Roberts. Churchwardens: Mr John Heaton and Mrs Jackie Johnson. Deputy & Assistant Wardens.. Mrs Emily Dadson, Mrs Margaret Hobden (from APCM 2024), Mrs Ann Jones, Mr James Nicholl, Mrs Esther O'Toole, Mrs Christine Peskett, Mr Stephen Rouse and Mr David Ward. At their request, the Deputy & Assistant Wardens have not been co-opted onto the PCC. Representatives on the Deanery Synod: Mr Benjamin Bennett, Mr Alan Butler, Mr John Heaton, Mrs Nicola Hockham, Mrs Hannah Jones (until September 2024), Mr John Reilly (until February 2024) and Mr Stephen Rouse (from APCM 2024). Elected members of the PCC: Mr John Bawler, Mr Robert Chambers, Mrs Hannah Knox, Mrs Leanne Kyte, Mrs Marian Lovatt, Mrs Judith Mcmillan, Mrs Susan Pauley, Mr Stephen Rouse, Mr Christopher Snell, Mr Christopher Wild (until APCM 2024) and Mr Joseph Wisener (from APCM 2024).
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (contlnued) Charity Registration Number: 1131362 Co-opted members of the PCC.. Mr David Boreham and Mr Christopher Wilson. Chairman of the Finan Group: Mr Neil Giles. Church Treasurer. Mr John Bawler. Secretary to the PCC: Mrs Susan Pauley. The full PCC met nine times during the year with an average level of attendance of 83%. Committees met between meetings and minutes of their deliberations were received by the full PCC and discussed where necessary. Committees Standing Committee.. This is the only committee required by law, and is made up of the Rector, Churchwardens, Church Treasurer and PCC Secretary. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. Finance Group: This exists to regularly review the finances of the Church and make appropriate recommendations to the PCC. Mission Group: This exists to educate and enthuse the church family as to how we can better support the spread of the gospel throughout the world. It maintains links with our mission partners and makes recommendations to PCC on how we can support them financially. Church Attendance At 31 December 2024 there were 395 names on the Electoral Ro51 (an increase of 28 from 2023). Of the total 46.6 0/0 (2023: 44.4 % ) live inside the Parish boundary and 53.4 % (2023: 55.6 % ) outside. The average number of adult worshippers in church on a normal Sunday in 2024 was 231 compared to 195 in 2023, In addition to which many others were watching online. Financlal revlew During the year we received two substantial legacies amounting to £95,000 and restricted grant for the Rectorfs Discretionary Fund of £75,000. Our planned giving and donations from the church family also increased significantly as a result of Gift Sunday appeals. So total income in the year increased to £585,000 (2023.. £404,000) arising from increases in legacies of £63,000, grants of £41,000, planned giving, donations and related Gift Aid of £67,000, and deposit interest of £9,000. Total expenditure in the year increased to £397,000 (2023.. £340,000) due primarily to the additional cost of our newly appointed Associate Vicar £59,000, parish office salary and IT support costs of £12,000, offset by no donation to the Deanery £8,000 and lower costs of repairs to buildings and equipment of £7,000. The net result for the year was a surplus of income over expenditure of £188,000 (2023: £64.000).
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (Continued) Charity Registration Number: 1131362 A further £19,000 (2023.. £3,000) has been designated to cover the estimated repair costs of items identified in the 2024 Quinquennial Inspection of the church premises. The total funds carried forward at 31 December 2024 amount to £556,000 (2023: £368,000) made up of unrestricted general funds of £396,000 (2023.. £298,000), unrestricted designated funds £65,000 (2023.. £44,000) and restricted funds of £95,000 (2023: £26,000). Rlsks The PCC have reviewed and assessed the risks relating to its activities and are satisfied that they have taken all reasonable steps to limit or provide cover for any major risks. Reserves policy The PCC reserves policy is to maintain a balance of unrestricted funds which equates to approximately 3 months general payments plus designated amounts for known future repair projects to church premises and equipment. At 31 December 2024 this reserves policy equated to £161,000 (2023: £122,000). Free reserves at the current year end are in excess of this amount by approximately £294,000 (2023 £218,000) excluding reserves held as fixed assets. The PCC anticipate fully utilising these reserves over the next five years to contribute to projected operating deficits and the cost of refurbishing the Vestry Cottage in 2025, which will be accounted for as a fixed asset. Investment Pollcy It is our policy to invest our fund balances in short and medium term deposits with banks and financial institutions to maximise income returns whilst minimising investment risk. All investments or deposits of church funds will only be made with regulated national institutions who have published acceptable Environmental, Social and Governance policies. Public Benefit For many years the advancement of religion has automatically been accepted as charitable. Under the Charities Act 2011 this continues to be charitable, but the Act contains an overarching requirement that there must be a public benefit. The PCC has paid due regard to the Charity Commission's guidance on public benefit and strongly believe that the holding of services for the worship of God and the Lord Jesus Christ, preaching and expounding the Word of God, Ihe Bible, holding classes for the instruction of adults and children in the Word of God, and providing any other activity which will promote the Word of God and lead people to faith in the Lord Jesus Christ as their Saviour is for public benefit. We also believe that our many and varied activities as a church provide practical support and care for people living in the parish, from the youngest to the eldest, as
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (Contlnued) Charity Reglstration Number: 1131362 well as providing financial support to other outreach organisations working in the UK and missionaries overseas. Review of the year In January, a senior member of the Church family sent the Rector a card to encourage us as we embarked on a new year. She had been very conscious of the busyness of the previous 6 months, and the exciting changes and opportunities in prospect for 2024, and she shared this verse with us. My presence will go with you, and I will give you rest, (Exodus 33v14}. This wonderful promise from God has been a great encouragement throughout the year. On January 8 we were able to announce some tremendous news to the Church family. As a result of a very generous response to Gift Sunday in November 2023, we were in a position to announce the appointment of Rev Ben Martin to a newly created position of Associate Vicar of St Margaret's Church. The particular focus for his ministry will be the development of work amongst families, and outreach. Ben would be joining us after Easter, and then a new Curate, Nat Gillett. would be starting his ministry in June. The news of both these appointments was received with thanksgiving, joy and excitement. People felt that a new chapter was opening up in 2024, in which new staff could help us to move foward in our desire to do more to help the Church family to grow in their relationship with Christ, and to reach more people in our community with the good news of Jesus Christ. We were grateful both to the Church family for their generosity, but also to the Diocese of Chichester for their support in very practical ways during the prOss, including the purchase of 2 houses in the village for our new staff to occupy. It was heartening to see our Diocese encouraging us in our aspirations for ministry and mission at St Margaret's. Much of the early part of 2024 was spent in preparing for the arrival of these 2 men, and their families. Though such preparations didn't stop us from engaging actively in ministry throughout the first 3 months of the year. On Sunday mornings, we studied the inspiring letter from St Paul to the Philippian Church, a letter that encourages us to 'join arms, with our fellow Christians to promote the gospel, whatever that should cost us, following the example of Christ himself, In the afternoons, we looked at an equally exciting book of the Bible, Joshua, as we saw God fulfilling his promises to bring his people into the land he had promised to them. This encouraged us to trust God, realising that none of his promises will ever fail. There were a number of other highlights in this first 3 months of the year, including 7 professions of faith at an Alpha away day in January, 14 joining a new Hope Explored course in January, 9 couples benefitling from a Marriage Course, 50 at a men's breakfast and 101 ladies attending a women's breakfast at which a guest speaker shared how the grace of God had helped her cope with her own mental health struggles. As well as these special events in this period, our regular ministries started up again after Christmas, including Homegroups, evangelistic ministries like Cameo to parents and babies, ministry to children and youth in the village, and groups for seniors like Evergreen, Creating Company, Sunday Roast and the Bereavement group.
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (contlnued) Charlty Registration Number: 1131362 In February, we resumed offering both the bread and the cup of wine to people at Communion. During the post pandemic period, we offered bread dipped in wine ('Intinction') to all to mitigate any health risks, but we felt that now was the right time to resume the offering of cup and bread to all. This has been widely appreciated. Another feature of the period was 2 initiatives linked to one of our mission partners, Family Support Work ('FSW). In February, a monthly 'after school, initiative was launched, and children mostly from the local primary school were invited to our church hall for games and tea. This venture has continued most months since then. In March a concert in aid of FSW was held in Church, and some £1,000 was raised for FSW. A substantial spring clean and decluttering exercise was undertaken by some of our staff and wardens. People appreciated what was done, and also that it led to some further seating becoming available. In February, and then again in July and November, the General Synod of the Church of England continued to consider the authorisation of 'blessings' in Church of the union of same sex couples. Our Church Council has considered this contentious issue throughout the year and has repeatedly indicated that it will not approve such blessings at St Margaret's Church. We were pleased to move from one Newcomers Supper per year to two suppers due to demand. A total of 35 people (including staff) attended such a supper in March, and was an effective way to welcome people, and to share our vision with them. We were pleased by the way Holy Week proceeded this year, with 3 all age seNices on Palm Sunday, Good Friday and Easter Sunday with the theme 'Jesus - the way to Heaven,. In addition to this, we had a reflective service on Maundy Thursday and an hour at the Cross on Good Friday. We added a communion service at 1130 on Easter Sunday for those who might like to take it on this special day, but 'take up, was low. It was good to finish Easter Sunday with an informal Easter Praise service at the 5pm. In early April the Martin family moved into the village, and Ben's ministry started with a very uplifting service conducted by the Bishop of Horsham on April 14. Bishop Ruth warmly commended the congregation for rising to the financial challenge of this new appointment and encouraged us to work with Ben rather than expecting him to do all the work. The APCM on 28 April proceeded in a calm, prayerful, purposeful manner, as we looked back with gratitude to the past year and looked fOard to all that awaits us in the year to come. The next phase of the year started in May, with people instantly noticing the benefits of Ben Martin's ministry amongst us, both on Sundays and mid-week. We resumed our preaching series based on Luke's gospel on Sunday mornings in May under the heading 'Travelling with Jesus,, and this highly accessible teaching proved stimulating. In the afternoons, we turned to that wonderful letter to the Ephesians, one which calls us to understand, rejoice and live in the light of the gospel.
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (contlnued) Charity Registration Number: 1131362 May was a very busy month on many different fronts, including gathering a team of people to help decorate the house in which Nat Gillett and his family would move at the end of the month. It also included our annual Saturday morning event for women called 'The Vine, at which Helen Thorne-Allenson spoke on the theme of 'Extraordinary Hope,. There was also a men's curry night, which included a quiz, a curry and a gospel talk by Ben Martin. In May, we were very pleased to hear that under the provisions of the will of one of our former members, Madeleine Anson. the sum of c£75,000 was reiVed for the Rectorfs Discretionary Fund. Terms of reference were crafted to govern the precise uses to which this substantial sum can be applied. We are excited and grateful to Madeleine for this generous grant, one which we can use to help people in need, but also to fund projects that will advan the gospel. The main events of June were undoubtedly ordination of Nat at Chichester Cathedral on 22nd and the Fun Day on 29th The first of these events was a very happy and meaningful senjice in the cathedral when Nat Gillett and his fellow candidates from across the Diocese were set aside to serve the gospel. It was followed by an opportunity for the Church family to welcome Nat over a picnic lunch on the Sunday. We remain grateful to God, and to the Bishop of Chichester, for giving us the privilege of Nat and Connie, and their children for the next 3 years. People have warmed to Nat and the family from Day 1, and we look fomard to all that the Lord will bring to us through them. The Fun Day was a great success, and many thanks to Leanne Kyte for overseeing it, and to the 80 Church members who contributed to it on the day. The attendance was higher than in previous years and our best guess is that c1.400 people attended at points throughout the day. There was a very strong sense of community spirit evident there, and we received many appreciative comments from villagers who were grateful that the entertainments were all free. We pray that seeds of the gospel were planted throughout the day, ones that bring people back to other events and services throughout the year and lead to some turning to Christ in repentance and faith. We have big plans for the Fun Day in 2025. June and July were also very busy months for our Minister to Under 18s, Chris Wilson. He led a Youth service on June 9 and then spoke at residentials for children from year groups 4 and 6 from our church primary school later in the same month. What a wonderful 'open doorf for the gospell He was also busy planning for the Holiday Club at the end of July, catering pradically and spiritually for the 100+ children who had booked in. He also had his own wedding in August to get ready for. The Holiday Club was a great success, with around 90+ children each day, and many children returned for the end of Club service and BBQ on the Sunday. It has been really heartening to see how the children and their families seem happy to come to events like Fun Days, Holiday Club, Light Parties and Christmas events. We rejoice in that, and long for these gospel seeds to lodge deep in their hearts, and bear fruit. We were very grateful to Joseph Wisener for being willing to take on the role of 'Community Champion, over the Summer. Joseph has already started to build on previous work to make inroads into forging closer connections with the community, including liaising with the local parish council and being a conduit for information, However, Joseph has started a deeper work to help us to think as a church what genuine community engagement might look like and this is a natural overflow of the gospel. The next step is to bring community engagement into the overall strategy for
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (contlnuedj Charity Registration Number: 1131362 mission and consider practically what this might look for St. Margaret's given the resources and context we find ourselves in. The Summer also marked the completion of the work on the 'Network Project,. We are so grateful to the team of volunteers from the Church (Dave and Ann Jones, Gareth Mcmillan, Paul Chapman, Tony Mayes, Ali Amini-Ahsan, Brian Smith, Barry Verroken, Joel Nicholl, John Heaton and David Fordham) who have worked on this important project. They re-cabled the church and church office, connecting the two areas together, which is very difficult to do in a church of this age and design. They replad all the network equipment with new, more secure and robust equipment, including replad WIFI which, among other things, enables secure guest access throughout the church. They built in the ability to expand the network further (including networking in the Vestry Hall and Church Hall), increased flexibility in the church so that video and sound equipment can be relocated to different parts of the church, and future-proofed both the network and AV {AudioNideo), enabling future expansion. Finally, they increased the cloud-based capability of the church office, improving both flexibility and security, all supported by a support partner that actively manages our security and availability of digital seNices. This was a major project for the Church, one that puts us in a healthy position for the age we are in, and we are grateful to the Network Project team for all their hard work in this achievement. In August, a particularly happy day was 10 when Chris Wilson and his fiancée Zillah got married in Winchester. A number of the Church family were able to participate in this event through it being livestreamed into the Church Hall. We are so pleased for the happy couple and have enjoyed welcoming Zillah into the Church family. During the Summer, some members of our Church family were able to benefit from Christian holidays including New Wine, Brymore and Keswick. For those who remained, we were able to offer a full pattern of Sunday servi8 as we continued to look at Luke in the morning, and some of the Psalms of Ascent in the afternoon service. The third and final phase of the Church year began in September. We decided to continue studying Luke's gospel in the morning, since people had been finding it so profitable, and turned in the afternoon to less familiar territory - 1 and 2 Kings - as we saw human wickedness and God's gra. A group of around 30 men went for a weekend together called 'Contented' at The Pines in Coldwaltham. The theme was 'Living like stars for God, and many found this to be a really helpful time, where friendships started or deepened, some great talks were given and many honest conversations had. This weekend marked the beginning of Nat Gillett's leadership of the men's ministry in the Church. Later in the same month, Morag Martin spoke on the theme of 'Faithfulness and Fruitfulness, at a women's breakfast. We were so grateful to Fernanda Curtis for all that she has contributed to our ministry to women over many years and wish her and her family well as she has started a new ministry in a Church in Cambridgeshire. The leadership of the Women Together ministry is now in the hands of an experienced committee, one that has warmly welcomed Morag to the team.
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (contlnuedj Charlty Registration Number: 1131362 A new Alpha course started in late September, run by Ben Martin and some volunteers from Church and it was good that a number of genuine enquirers signed up. and have benefitted from the course. We were pleased by the number of children from Reception Year at St Margaret's School who came with their families to a party at the Rectory in September and pray for fruitful links with them over the next 7 years. Ben Martin ran the first 'Parenting Together 'evening, one which aims to gather parents from across the Church family to see how they can learn from one another in parenting their children well, and in a Godly way. This is going to be a regular feature of our ministry going foNard, We were grateful to the mission committee for all they do to promote the work of overseas mission, including monthly inputs, prayer and special events throughout the year, including a coffee morning for the Guiness family. and a cream tea to promote MAF. October was another busy month, including a Homegroup leaders training morning, a men's breakfast with Nat Gillett setting out his vision for the work, an organ recital, service to bring comfort and hope to those who have been bereaved, and a teaching series for women. This is in addition to all the regular activities and 5 funerals. The month finished off with a large crowd of children and their parents who came for a Light Party - a Christian alternative to Halloween - run by Ben Martin and a team of volunteers. There was no reduction in pace in November, with a course called 'The Bereavement Journey, starting up. Nat Gillett started a football evening on Monday nights in order for Church men to invite their unchurched friends to a social event, rather than a service or upfront evangelistic event. This has made a good start. We also had our 2nd Newcomers Supper of the year, and 27 (including staffj attended. We led the Act of Remembrance in the village, and hundreds attended, which was heartening. We responded, we hope. constructively to the news about the resignation of the Archbishop of Canterbury this month, emphasising the very high priority we give to safeguarding at st Margaret's. A small group went to be part of the Sussex Gospel Partnership annual conference on the theme of'Heaven', November is the month when we encourage the Church family to review their financial giving to meet our ministry needs in the coming year. We were delighted by the response of the Church family, which led to an extra £37,000 of giving. This gives us great Confiden as we move forward to 2025, and into the future. At our Church Council in November, we approved the appointment of an 18-year-old Joel Nicholl to serve as a volunteer ministry trainee and have been thrilled to see what a blessing this had been to us, and to him. We also heard about some of the draft conclusions of a report into the role and responsibilities of Churchwardens big issue that many churches are wrestling with. Lastly, we started to discuss the various options we have regarding the use of a property known as 'The Vestry Cottage, which has now become vacant after almost 25 years. Our Council remains thoughtful. prayerful, purposeful and energetic. We are blessed to have them serving in this way.
St Margaret's Church, Angmering Year Ended 31 December 2024 Annual Report (contlnued) Charlty Reglstration Number: 1131362 December has been an extraordinarily busy months, with 1,605 adults and 333 under 16s recorded as attending services in the month, This excludes a huge crowd that visited the Church on the 'Angmering at Christmas, organised by the parish council at the beginning of the month. It was fantastic to see so many people coming and particular sources of joy were the Carols by Candlelight, the atmosphere at the Nativity and the large number of new faces at the Midnight Communion service. Also, it was good to add to those numbers years 1 to 6 of our Church School who came down for Christmas SeN[S, and Christmas events run by Cameo, Adventurers, Rooted, Sunday Roast, Creating Company and Evergreen. We were glad too to be invited to take Christmas carol services at local care homes and Ham Manor Golf Club. Finally, it was good to hear of home-grown initiatives, like carol singing by people in the area they live in, and a 'Carols by the Green, on one of our newer estates in the village There was so much for which to give God thanks throughout the whole year, and not least December. As we look fOard into 2025, we take great confidence from God remaining faithful to that promise shared back in January - for God's presence to go with us, and to give us his rest. We know that promise will remain true in 2025, and so we look fOard to.. continuing to work deeply amongst all under 18s - that they may know, love and follow Christ., supporting and equipping parents in their vital role of nurturing their children in Christ. encouraging us all to be more outward focussed in reaching our contacts, and praying that they might turn to Christ; building on the links that have already begun to be established amongst the people who've moved into the new builds - that they may be intrigued by Christ, willing to explore him, and come to know Him. working amongst men and women - to see what we can do best separately and together; continuing to reach out to those over 60 that they may know Christ and the life and hope that there is in him before their life here on earth ends. We pray for God's grace that we might see more fruit in 2025, to God's glory. On behalf of the PCC N..L JJ The Revd Canon Mark Standen Rector and Chairman 24 March 2025
St Margaret's Church, Angmering Year Ended 31 December 2024 Statement of Financial Activities Charity Registration Number:1131362 Unrestri¢ted General DesSgnated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 Note Income from: Donations & Legacies Charitable activilies Other trading activities Investments 447,679 97,777 545.456 375,745 22,262 13,239 483,180 22,262 17,638 585,356 20,231 8,345 404,321 1,926 1,926 2,473 100,250 Total income Expenditure on: Raising funds Charitable activities other trading activities Total expenditure 7,017 352,787 5,371 365,175 1,237 30,014 8,254 383,857 5,371 397,482 8,076 327,114 4,920 340,110 1,056 1,056 31,251 Net in¢ome 118,005 870 68,999 187,874 64,211 Transfers between funds 12 (19,323) 19,323 Net movement In funds 98,682 20,193 68,999 187,874 64,211 Reconciliatlon of funds: Total funds brought forward 297,735 44,647 25,951 368,333 304,122 Total funds carried forward 12 396.417 64,840 94.950 556,207 368,333 All income and expendilure arisès from continuing activities of the PCC The PCC has no recognised gains or lossés other than the results for th8 year as sel out above. The noles on pages 13 10 23 form part of these financial slalements. 10
St Margaret's Church, Angmering As at 31 December 2024 Balance Sheet Charity Registration Number:1131362 Unrestricted General Deslgnated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 Note Fixed assets: Tangible assets Total fixed assets 5,583 5,583 5,583 5,583 1,949 1,949 Current assets: Stocks Debtors Investments (short term) Cash at bank and in hand Total current assets 216 18,306 332,572 58,077 409,171 216 20,050 490,703 58,070 569,039 170 13,903 299,442 70,060 383,575 10 333 64,507 1,411 93,624 17) 95,028 64,840 Current liabillties: Creditors.. Amounts falling due within one year Net current assets 11 18,337 390,834 78 94,950 18,415 550,624 17,191 366,384 64,840 Total assets less current liabillties 396,417 64,840 94,950 556,207 368,333 Total net assets 13 396.417 64,840 94,950 556,207 368,333 The funds of the charity: General funds Designated funds Tolal unrestricted funds Restricted funds Total charity funds 396,417 396,417 64,840 461,257 94,950 556,207 297,735 44,647 342,382 25,951 368,333 64,840 64,840 396,417 94,950 94,950 12 396,417 64,840 Approved by the PCC on 24 March 2025 and signed on its behalf by: The Revd Mark Standen (Chairman) John Bawler {Treasurer) The notes on pages 13 to 23 form part of these financial statements. 11
St Margaret's Church, Angmering Year Ended 31 December 2024 Statement of Cash Flows Charity Registratlon Number:1131362 Unrestricted Restricted General Designated Funds Funds Funds TOTAL FUNDS 2024 2023 Note Cash flows from operating activities: Net cash provided byl(used in) operating activities 17 103,480 11,056) 66,374 168,798 60,442 Cash transfers between funds 119,323) 19,323 Cash flows from investlng activities: Interest received from investments Purchase of equipment (Increase)Idecrease in short term investments 11,892 {4,896) 1,890 1,587 15,369 (4,896) 7,093 (1,154) 5,692 (20,157) 7,556 (6,909) (26,104) Net cash provided byl{used In) Investing activities 12,688 (18,267) 9,143 3,564 (20,165) Change in cash and cash equlvalents In the reporting period 96,845 75.517 172,362 40.277 Cash and cash equivalents at the beginning of the reporting period 118,909 1,607 120,516 80,239 Cash and cash equivalents at the end of the reporting period 18 215.754 77,124 292,878 120,516 12
St Margaret's Church, Angmering Year Ended 31 December 2024 Notes to the Financlal Statements Charity Registration Number:1131362 1. Accountlng pollcles (a) Accounting convention The financial statements of the chaflty have been prepared in accordance with 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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, Ihe Charities Act 2011 and the Church Accounting Regulations 2016. The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements 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 affiliation to another bodv. nor those which are informal oatherinos of church members. (b) Funds accounting Funds held by the PCC are.. Unrestricted funds- general funds which can be used for PCC ordinary purposes. Designated funds monies set aside by the PCC out of unrestricted funds for specific future purposes or projects. Restricted funds - (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest,. ( b) donalions or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried foNard as a balance on that fund. (c) Income All income is accounted for without deduction of any costs of receivability, is recognised when there is evidents of entitlement, receipt is probable, and the amount can be measured reliably. Donations and legacies Collections are recognised when received. Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate. Gift Aid recoverable is recognised when the income to which it is attached is recognised. Grants and legacies are recognised when the formal offer in writing of the funding is received. Income from Investments Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. All other income All other income is recognised when it is receivable. Gains and losses on investments Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December. 13
St Margaret's Church, Angmering Year Ended 31 December 2023 Notes to the Financial Ststements (conllnuedj Charity Reglstratlon Number:1131362 (d) Expenditure Expenditure is accounted for on an accruals basis and accounted for gross. Grants Grants and donations are accounted for when paid over, or when awarded where the award creates binding obligation on the PCC. Church activities The Di0san parish contribution is accounted for on an annual basis, reflecling Ihe commitment made to our Deanery. Any parish contribution unpaid at 31 December is provided for in these financial statements as an operational (Ihough not a legal) liabilily and is shown as a creditor in the balan sheet. le) Fixed Assets Tangible fixed assets Consecrated and beneficed property of any kind is excluded from the financial statements by s.10{2)(a) of the Charities Act 2011 Moveable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are regarded as inalienable property. Therefore such assets are not included in the financial statements. All expenditure on consecrated or beneficed buildings, inalienable property and individual items cosling under £1,000 are written off in the year they were incurred. Depreclatlon Vestry hall & cottage Depreciation is provided at the rate of 40/0 per annum on cost. Other fixtures, flttings & equipment Functional equipment that is used on a continuing basis for the work of the PCC is depreciated at th8 rale of 25 % per annum on cost. Investmènts Investments are stated at market value at the balance sheet date. (f) Current Assets stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Amounts owing to the PCC at 31 December in respect of grants, fees, rents or other income are shown a debtors less provision for amounts Ihat may prove uncollectible. Short-term investments include cash held on deposit with banks and financial institutions. 14
St Margaret's Church, Angmering Year Ended 31 December 2024 Notes to the Flnanclal Statements (contlnued) Charity Registration Number:1131362 Unrestricted General Deslgnated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 Analysis of income on: 2 Donatlons and legacies Planned giving General Mission partners Churchyard Penny Giles Memorial Trust Rector's Discretionary Fund for Youth Youth 240,389 240,389 195,133 103 60 90 102 1,850 197,338 60 120 60 120 2,400 2,580 2,400 242,969 240,389 Collections at all services Cash & card - General Cash & card - Mission partners Cash & card - Rector's Discretionary Fund for Youth 6,173 6,173 3,363 4,074 5,274 3,363 265 265 239 6,173 3,628 9,801 9,587 Other donatlon & appeals General General - donated goods Mission partners Churchyard Penny Giles Memorial Trust Rector's Discretionary Fund Rectorfs Discretionary Fund for Youth Youth 37,894 37,894 30,604 5,587 6,932 1,624 230 4,689 2,260 2,577 4,506 150 4,689 2,260 2,577 4,506 150 405 45 37,894 14.182 52,076 45,427 Gift Aid recoverable General Mission partners Churchyard Penny Giles Memorial Trust Rector's Discretionary Fund for Youth 59,145 59,145 981 260 498 67 45,211 1,337 195 25 162 981 260 498 67 59,145 1,806 60,951 46,930 Fund raising events Men's & Women's events Church Weekend at Home Holiday Club Cameo Sunday Roast 4,965 4,965 4,192 1,899 526 404 3,116 10,137 630 630 573 3,286 9,454 573 3,286 8,824 630 15
St Margaret's Church, Angmering Year Ended 31 December 2024 Notes to the Flnancial Ststements {eonflnued) Charity Reglstration Number:1131362 Unrestrlcted General Designated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 Grants Chancel Trust Listed Places of Worship Grant Scheme Angmering Parish Council - Fun Day The Bowerman Charitable Trust St Margaret's Angmering Trust.. for General for Penny Giles Memorial Trust for Rector's Discretionary Fund for Youth Late church member's Residuary Estate Trust for Rector's Discretionary Fund 10 10 10 400 250 25,000 250 250 1,588 4,285 2,672 74,951 74,951 74,951 75,211 260 34,205 Legacies General Church Fabric 94,994 94,994 6,660 25,461 32,121 94,994 94,994 Total donatlons and legacies 447,679 97,777 545,456 375.745 3 Other trading activities Bookstall Catering Church Hall lettings Fees - Weddings & funerals, etc Parish office income Rent on Vestry Cottage 2,223 2,582 6,914 7,600 63 2,880 22,262 2,223 2,582 6,914 7,600 63 2,880 22,262 1,771 3,651 7,263 4,032 72 3,442 20,231 4 Investments Deposit interest receivable 13,239 1,926 2,473 17,638 8,345 Total Income 483.180 1,926 100,250 585,356 404,321 Analysis of expenditure on: 5 Raising funds Men's & Women's events Church Weekend at Home Holiday Club Cameo Sunday Roast 3,339 3,339 2,522 1,475 549 506 3,024 8,076 1,237 1,237 447 3,231 8,254 447 3,231 7,017 1,237 16
St Margaret's Church, Angmering Year Ended 31 December 2024 Notes to the Financial Statements (continued) Charity Registration Number:1131362 Unrestricted Restricted General Designated Funds Funds Funds TOTAL FUNDS 2024 2023 6 Charitable actlvities Missionary & charitable giving Mission partners- annual support Mission partners - monthly giving Parish Contribution - Deanery donation William Olders for St Margaret's School Other charilable giving 25,550 25,550 10,861 24,330 15,147 7,880 6,810 2,000 56,167 10,861 7,152 7,152 5,030 48,593 5,030 15,891 32,702 Ministry - Diocesan Parish Contrlbution 136,979 136,979 78,796 Ministry - Other clergy costs Rector's expenses Rectory costs Associate Vicar expenses Associate Vicar accommodation Curate's expenses Curate's accommodation 2,242 5,371 786 2,867 227 1,963 13,456 2,242 5,371 786 2,867 227 1,963 13,456 2,689 4,830 1,377 2,306 11,202 Church running expenses Electricity, gas and water Insurance Other running costs 7,986 2,859 12,791 23,636 7,986 2,859 13,687 24,532 11,905 2,864 15,866 30,635 896 896 Parish office costs Administrative salary costs Other office costs 58,741 14,840 73,581 58,741 14,840 73,581 53,503 8,428 61,931 Church maintenance & repairs Church - heallh & safety Church - major repairs & renewals 2,346 8,874 11,220 1,056 3,901 3,649 7.550 7,303 12,523 19,826 5,610 21,680 27,290 1,056 Upkeep of services Service running costs 1,622 1,622 1,622 1,622 748 748 Upkeep of Churchyard Churchyard - grass cutting 3,948 2,580 6,528 5,022 17
St Margaret's Church, Angmering Year Ended 31 December 2024 Notes to the Financial Statements (conllnuedj Charity Registration Number:1131362 Unrestricted Restrlcted General Deslgnated Funds Funds Funds TOTAL FUNDS 2024 2023 Youthlchildren's work costs Youth leader expenses Youth leader salary costs Youth leader accommodation Sunday children's activities Youth camp costs Youth expensers 640 23,078 15,250 640 24,871 15,250 854 450 977 300 22,928 13,620 585 1,310 721 1,793 854 450 977 39,945 3,097 43,042 39,464 Church halls running costs Church hall cleaninglother Church hall electricity, gas and water Vestry hall window cleaninglother Vestry hall electricity Insurance 3,198 3,977 120 1,557 2,007 10,859 3,198 3,977 120 1,557 2,007 10,859 3,241 4,217 120 1,877 2,088 11,543 Bank charges 157 157 165 Depreciation 1,262 1,262 831 Governance Costs Independent examination fee 3,420 3,420 3,320 Total charitable actlvitles 352,787 1,056 30,014 383,857 327,114 7 Other trading activities Bookstall Catering Vestry Cottage costs 2,211 1,986 1,174 5.371 2,211 1,986 1,174 5,371 1,632 3,288 4,920 Total expenditure 365,175 1,056 31,251 397,482 340,110 18
St Margaret's Church, Angmering Year Ended 31 December 2024 Notes to the Financial Ststements (¢ontlnued) Charity Registration Number:1131362 Unrestrlcted Restricted General Designated Funds Funds Funds TOTAL FUNDS 2024 2023 8 Staff costs (a) Remuneratlon Salaries and wages Social security costs Pension & life assurance costs {see Note 16) Other employee benefits - accommodation and telephone allowance 80,844 358 3,541 1,793 82,637 358 3,541 76,023 3,208 15,490 100,233 15,490 1,793 102,026 13,860 93,091 No employee received emoluments of more than £60,000. Partlculars of employees: The average number of staff employed by Ihe PCC during the financial year amounted to: 2024 2023 Full and part time slaff Equivalent full time staff During the year the PCC employed three administrative staff, all of whom are part time. There is also one part time cleaner in the church halls and one full time Leader of Ministry to Under 18's & Families. {b) Payments were made to members of the PCC The members of the PCC during the year include The Revd Canon Mark Standen (Rector), The Revd Benjamin Martin (Associate Vicar) and The Revd Nathanael Gillett (Curate). Their slipends, social security costs, pension contributions and housing costs were paid by Ihe Diocese and are included within the Parish Contribution lo Ihe Diocese. Mr David Boreh8m as part time Church Administrator received a salary of £22,940 and pension and life assurance contributions of £1,018. Mrs Leanne Kyte as part time Church Administrator received a salary of £19,695 and pension and life assurance contributions of £886. Mr Chris Wilson as Leader of Ministry to Under 18's & Families received a salary of £23,686, pension and life assurance contributions of £1,066, accommodation costing £15,250 and a telephone allowance of £240. Expenses were reimbursed, or paid directly to third parties, for 10 members of the PCC amounting in total to £35,636 in respect of accommodation costs £25,451, office expenses £2,666, hospilality £745, travel £572, church events £4,781, youth activities £1,264 and books £157. 19
St Margaret's Church, Angmering Year ended 31 December 2024 Notes to the Financial Statements (¢on(Inued) Charity Registration Number:1131362 Fixed Assets a) Tangible fixed assets Freehold land Church and bulldings equipment TOTAL Cost At 1 January 2024 Additions in the year Disposals in the year At 31 December 2024 47,000 13,246 4,896 2,575 15,567 60,246 4,896 (2,575) 62,567 47,000 Depreciation At 1 January 2024 Provided in the year Disposals in the year At 31 December 2024 47,000 11,297 1,262 2,575) 9,984 58,297 1.262 (2,575 56,984 47,000 Net book amounts At 31 December 2024 5,583 5,583 At 31 December 2023 1,949 1,949 The freehold land and buildings comprise the Vestry Hall & Cottage. Unrestrlcted General Designated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 10 Debtors Tax recoverable Prepayments Accrued income Other debtors 8,189 4,795 3,500 1,822 18,306 236 115 1,060 8,425 5,763 4,910 3,644 4,893 2,624 1,822 1,872 20,050 13.903 333 333 1,411 11 Creditors.. amount8 falling due within one year Trade creditors 3,942 Accruals 12,949 Taxation and social security 1,446 18,337 78 4,020 1,420 12,949 12,151 1,446 3,620 18,415 17,191 78 20
St Margaret's Church, Angmerin9 Year ended 31 December 2024 Notes to the Financial Statements {eontlnued) Charity Registration Number:1131362 12 Fund movement Unrestricted funds General Designated TOTAL FUNDS Balance al 1 January 2024 Income Expenditure Transfer between funds Balance at 31 December 2024 297,735 483,180 (365,175) 19,323) 396,417 44,647 342,382 1,926 485,106 (1,056) {366,231) 19,323 64,840 461,257 Deslgnated funds Balance 1.1.24 Income Expenditure Transfers Balance 31.12.24 Quinquennial Inspection Church Lighting TOTAL FUNDS 16,011 28,636 44,647 892 1,234 1,926 (1,056) 19,323 34,970 29,870 64,840 1.056) 19,323 Purpose of designated funds Every five years the consecrated and benefId church property is inspected by the diocese and any necessary maintenance work identified. An inspection was carried out in 2024 and the cost of the work that needs to be carried out in the next five years is estimated to amount to £34,970. At 31 December 2024 no commitments have been entered into. The PCC has authorised in principle the replament of the lighting in the Church and in 2015 it designated £25,000 towards the cost of this work which has been placed on deposit. The work has not been fully scoped or quotations obtained. At 31 December 2024 no commitments have been entered into. Transfers between funds A further amount of £19,323 (2023.. £3,000) has been designated from the general fund towards the likely cosls arising from the 2024 Quinquennial Inspection. Resticted funds Balance 1.1.24 Income Expenditure Balance 31.12.24 Mission Parlners Churchyard All Youth Activities Church Fabric Rev. Penny Giles Memorial Trust Financial or Other Support Fund (formerly the Rector's Discretionary Fund) TOTAL FUNDS 2,056 9,033 2,580 3.661 608 3,286 (10,861) (2,580) (4,3341 (7,549) (2,909) 228 3,772 17,918 2,205 3,099 10,977 2,582 81,082 00,250 (3,018) ,251) 78,064 50 25,95 Purpose of restrlcted funds Mission Partners Fund - The restricted mission partners fund was created to account for donations received for our mission parters as a result of our monthly Mission of the Month appeals or other one-off gifts. 21
St Margaret's Church, Angmering Year ended 31 December 2024 Notes to the Financial Statements (¢onllnued) Charity Registratlon Number:1131362 Maintenance of Churchyard Fund - The restricted churchyard fund was created to help with the maintenance of the churchyard, graves and grave stones. Annually a letter is sent to those families with relatives buried in the churchyard requesling donations towards the maintenance of their graves. All Youth Activities Fund - The restricted all youth activities fund was created by donations from within the church family, legacies and grants for the Christian education and benefit of the youth within the parish. It includes the balance of a legacy for children's activities on a Sunday and, from 2023, the Rectorfs Discretionary Fund for Youth, which was previously part of Sl Margare't Angmering Trust. Fabric Fund - This fund was established in 2023 as a result of receiving a legacy, the use of which was restricted to the fabric of St Margaret's Church in Angmering. Reverend Penny Giles Memorial Trust Fund - This fund was established some years ago as part of Sl Margaret's Angmering Trust to continue and to develop Penny Giles, vision for Christian Mission and her love for people in our community, both in the church family and of Angmering more widely. It was transferred to the PCC in 2023. Financial or Other Support Fund (formerly the Rectorfs Discretionary Fund) - This fund was established in the year as a result of receiving a grant of £74.951 for the Rector's Discretionary Fund from a Trust Fund containing the residuary estate of a late church member. In previous years the Rector's Discretionary Fund was held by the Rector and not included in these accounts. The unspent balance still held by the Rector (£3,376) has been transferred to the PCC and included in donations.The name of the fund has now been changed to reflect the purpose and practice of the fund which is to provide financial or other support to the disabled son of the late church member, to those connected with St Margaret's Church in Angmering and for Gospel projects in Angmering and the local area. 13 Analysis of net assets by fund Unrestricted General Deslgnated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 Total Funds Fixed assets for church use Current assets Current liabilities 5,583 409,171 18,337) 396,417 5,583 474,011 18,3371 461,257 5,583 1,949 569,039 383,575 (18,415) (17,191 556,207 368,333 64,840 95,028 78) 94,950 64,840 14 Going Concem The PCC have projected expected income and expenses for the period to December 2028. Over this period, based on current levels of charitable income, the PCC expects required expenses will be fully funded on an annual basis or from available reserves. 15 Connected Charities The William Older School Charity is connected to the PCC as Ihe Church Wardens and the Reverend Canon Mark Standen are trustees. During the year £7,152 (2023.. £6,810) was donated to this charity for St Margaret's Church of England Primary School. 16 Penslon Scheme The PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of the PCC and the other participating employers. The Pension Builder Scheme is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes. The PCC participates in the Pension Builder 2014 section. 22
St Margaret's Church, Angmerlng Year ended 31 December 2024 Notes to the Financial Statements (conllnued) Charity Registration Number:1131362 Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other faclors. The account, plus any bonuses declared, is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The Scheme is considered to be 8 multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible lo attribute the Pension Builder Scheme's assels and liabilities to specific employers and means that contributions are accounted for as if Ihe Scheme were a defined contribution scheme. The pension costs charged to the SOFA in Ihe year are the contributions payable of £3,541 (2023.. £3,208). A valuation of the Pension Builder Scheme is carried out once every Ihree years. The most recent was carried out at 31 Dember 2022. The next valuation is due al 31 December 2025. For the Pension Builder 2014 section, the Valuation al 31 December 2022 revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time. The legal structure of the Scheme is such that if another employer fails, the PCC could become responsible for paying a share of that employer's pension liabilities. 17 Reconciliation of net Income to net cash flow from operating activltles Unrestricted General Deslgnated Funds Funds Restricted Funds TOTAL FUNDS 2024 2023 Net income for the year Adjustments for.. Depreciation charg8S Interest receivable from inveslmenls Increasel(decrease) in accrued income (Increase)Idecrease in stocks (Incre8se)Idecrease in debtors Increasel{decrease) in creditors 118,005 870 68,999 187,874 64,211 1,262 (13,239) 1,347 (46) (5,437) 1,588 1,262 831 (17,638) (8,345) 2,269 1,252 {46) 25 {6,147} (656) 1,224 3,124 (1,926) 36 (2,473) 886 (36) (674) (364) Net cash provided byl(used in) operating actlvltles 103,480 11,056) 66,374 168,798 60,442 18 Analysls of cash and cash equivalents Cash in hand No-notice investment deposit 58,077 157,677 {7) 77,131 58,070 234,808 70,060 50,456 Total cash and cash equivalents 215,754 77,124 292,878 120,516 23
Report of the Independent Examiner to the Parochial Church Councll (PCC) of St Margaret's Church, Angmering Charity Registration Number.. 1131362 Independent examlner's report to the trustees of The Parochlal Church Council (PCC) of St Margaret's Church Angmering I report to the charity trustees on my examination of the arLounts of the The Parochial Church Council (PCC) of St Margaret's Church Angmering for the year ended 31st December 2024. Responsibilltles and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examlner's statement Since your charity's gross income exeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Sarah Alexander FCCA FCA Lewis Brownlee (Chichester) Limited Appledram Barns Birdham Road Chichester West Sussex P020 7EQ 24