THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL Registered Charity Number 1131504
TRUSTEES ANNUAL REPORT AND FINANCIAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024
Contents
Annual Report 1-5 Independent Examiners Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Accounts 9-22
Team Rector
The Revd. Stephen W. Need The Rectory, Church Street Bexhill-on-Sea East Sussex TN40 2HE
Principal Bankers
Santander UK plc Lloyds Bank plc Ecology Building Society CCLA Investment Bridle Road Wellington Place 7 Belton Road Management Ltd Bootle Hastings Silsden The CBF Church of Merseyside East Sussex Keighley England Funds L30 4GB TN34 1NX West Yorkshire Senator House BD20 OEE 85 Queen Victoria Street London EC4V 4ET
Accountants
Independent Examiner
Architects
Gibbons Mannington & Phipps LLP David Ashby FCCA ACA Chartered Accountants Gibbons Mannington & Phipps LLP 20 Eversley Road Chartered Accountants Bexhill-on-Sea 20 Eversley Road East Sussex Bexhill-on-Sea TN40 1HE East Sussex TN40 1HE
John D Clarke & Partners 2 West Terrace Eastbourne East Sussex BN21 4QX
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2024
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Aims and Purposes
The Team Ministry of St. Peter’s, Bexhill consists of the following two churches in Bexhill:St. Peter, Church Street, Old Town
St. Michael and All Angels, Glassenbury Drive
It is part of the Diocese of Chichester within the Church of England. Correspondence should be sent to its Parish Office at The Stables, Church Street, Bexhill, TN40 2HE.
The primary objective of St. Peter’s PCC 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 Team Rector and the Team Vicar in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
Objectives and Activities
The Revd. Stephen Need is committed to lead the PCC in enabling as many people as possible to worship at our churches. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. The PCC oversees the commitment of our churches to the furtherance of Mission. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, the Team Rector and the PCC will consider the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through:
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Knowing, living and following Jesus
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Worship and prayer, learning about the Gospel; and developing their knowledge and trust in Jesus, by providing and upholding services of worship according to Anglican tradition
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- To develop youth worship
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Missionary and outreach work
To facilitate this work it is important that we maintain the fabric of the Churches of St Peter’s and St Michael's and other property owned by the PCC.
In working to achieve these objectives, the PCC has continued the following activities during the year:
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To continue to encourage the various groups who meet regularly throughout the year for study, discussion and prayer, as well as recreational activities which help to build up the life of the church and its members. These comprise: House Groups, Healing Prayer Group, Triplet Prayer Group, Befrienders Group, St Michael’s Weekly Prayer Group, Lunch Club, the 3rd Bexhill Scout Group, Monday After School Children's Club, to support the Bexhill Youth Project, these beside the committed groups who assist weekly with the services such as the servers, bell ringers and choir.
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To respond to the Bexhill Town Review as completed by the Archdeacon of Hastings.
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To strengthen our outreach to children and young people by having close ties with our local schools.
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To give grants for the relief and support of the vulnerable, sick and needy both at home and abroad and in the promotion of charities chosen by the PCC and in responding to emergency disasters.
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To maintain the fabric of our churches (their upkeep is ongoing) and to raise sufficient funding to complete the work required by the quinquennial inspections.
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The PCC is grateful to all the volunteers who give of their time to maintain the life of this parish and specially to our parish and district churchwardens, the retired clergy, Lay Readers, Eucharistic ministers, Pastoral visitors, choristers and musicians, servers, stewards, treasurers, secretaries and committee members, church watchers, flower arrangers, bell ringers, sewing guild, cleaners, coffee helpers, gardeners. The list seems endless, and it is impossible to put a financial value to the hours dedicated to the life of this parish, without which the parish would be very much the poorer. Thanks go to our dedicated staff who keep the show on the road; Caroline in the Parish Office and, at St Peter’s, Mark the Director of Music and Helen our verger.
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The DCC of each church at the moment decides its own policy for making grants and donations in addition to the separate appeals and the missionary secretaries’ collection boxes supported by church members.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2024
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Achievements and performance
Church Attendance
300 parishioners were recorded on the Parish Electoral Roll (213 at St. Peter’s and 87 St. Michael’s) at the APCM held in 2024. The average number of people at Sunday services at St Peter’s was 138 adults and 13 under 16, and at St Michael's the average Sunday services was 29 with 4 young children. These figures reflect that some people still had not returned after the Coronavirus Pandemic, and others have either moved away or sadly deceased.
Review of the year In 2024 the PCC met eight times including the APCM. This was more than usual because, with the reorganisation of the Parish and St. Peter’s and St. Michael's working closer together, the DCCs were gradually being disbanded.
Over the course of the year the PCC heard very favourable reports of the work of the Bexhill Youth Project, which was sponsored by the parish and others in Bexhill. That sponsorship has now finished, but there is every confidence that the project will go from strength to strength. We heard that permission had been granted to place a plaque commemorating the 1250th anniversary of the Bexhill Charter in the floor near the bell tower. This plaque was blessed by Bishop Laurie at the beginning of 2025.
In April we heard that Mark Shepherd had been appointed Director of Music and would commence in September. Miss Gillman was commissioned as an Authorised Lay Minister in Chichester Cathedral. We also heard that Zoe Eborn would be coming to the parish to serve her title. Zoe was ordained in the Cathedral on 24 June and soon become part of the parish. Her family have also contributed greatly to parish life. Revd. Zoe will be ordained priest in June 2025 and we look forward to seeing her ministry develop.
St Michael’s have continued their outreach, by starting up a successful Coffee Morning at the Pebsham Community Centre. They have also changed the services slightly to include Messy Church, which is appreciated by those who go to it.
Bell Ringers
The bells have rung for every Sunday morning service, and special Sunday evenings and week-day events. They have also rung for weddings and funerals for parishioners. Quarter peals have been rung in memory of Rosemary Cox, a long standing bell ringer, for others, and for a silver wedding. The 80th Anniversary of D- Day and for Roy Cox’s 80th birthday were also commemorated.
A new venture is a practice on a Friday afternoon for learners to learn the basic skills. This has encouraged passers-by to pop in and find out about ringing. Thanks must go to those experienced ringers who have given their support.
St Peter’s Choir
Again, a busy year, singing for two services every week and for special services. In August the choir returned to Brecon Cathedral for a week, and this was more than ably lead by Mark Napier. In September the new Director of Music, Mark Shepherd, arrived. Links have been made with St. Peter and St. Paul School, and members of their choir joined with St. Peter’s choir to sing Faure’s Requiem. The choir sung Evensong at Southwark Cathedral in November. The choir goes from strength to strength under the direction of Mark Shepherd with several new young members joining.
For other reports please see the separately available booklet.
Financial Review
As in 2023 the Statement of Financial Activities conforms to the reporting requirements contained in the charities accounting Statement of Recommended Practice (SORP) incorporating Financial Reporting Standard FRS102.
The consolidated PCC Total Income was £300k (2023: £297k) made up of 67% from St. Peter’s DCC, 26% from St. Michael’s DCC and 7% from the PCC. Legacies of £7k (2023: £54k) were lower than last year, but this was offset by a number of other sources of income being higher, such as some fundraising activities, donations and property rentals.
The consolidated PCC Total Expenditure was £338k (2023: £254k). Expenditure in the year included £66k from the St. Peter’s DCC Restricted Fabric Fund on church repairs, mainly work arising from the quinquennial inspection of St. Peter’s, and £7k from Restricted Funds on heating boiler replacement at St. Michael’s. The Diocesan parish share expenditure was £96k (2023: £89k), and the amount pledged at the start of the year was paid in full.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2024
Net Expenditure in the year was £(35)k, compared to Net Income in 2023 of £52k. Total funds were £869k at the end of the year, compared to £904k at the end of the prior year. The biggest cause of both of these variances was expenditure on church repairs from Restricted Funds.
St. Peter’s comments
St Peter's once again met the agreed pledge for 2024 towards the Diocesan Budget as its share of Parish Ministry of £76,725.
Although we were expecting to recover some of the outlay on one of the church properties and the loss incurred due to the tenancy problems a couple of years ago, there were further maintenance expenses for one property which, despite the rent being received, we failed to replace the previous spend and dented our reserves still further.
I am pleased to say that although energy costs are still high they continue to be on a decreasing trend. Sadly, they still make up a large proportion of our running costs.
The Digital donations continue to increase having risen from £1,075 to £1,907, however loose plate donations have decreased, so I no longer think this is all “new” money
We finally saw the 1250th anniversary tiles being laid in front of the Bell tower and we are grateful to the Friends of St Peters for funding this.
Although 2024 wasa financial challenge with more drains on the reserves, we survived the year better than anticipated. As we look forward to 2025 we know that once again it will be a challenging year and there continues to be projects that are going to need fund raising and investigation into the possibly of external funding,
St. Michael's comments
Planned Giving and Donations were higher than in 2023, including a very generous donation of £8,000 (before Gift Aid) which was Restricted for Heating Installation and Mission to Pebsham. Total Incoming Resources were lower than 2023, as 2023 included a legacy of £54,285. The Christmas Tree Festival and Michaelmas Fair raised, in total, slightly more than in 2023, thanks to the hard work of all involved. Net Incoming Resources were £10,144 (2023: £51,082), which was lower than the previous year due to the legacy received in 2023.
The pledge of Diocesan parish share for St. Michael’s was set as £19,476 at the start of 2024 and this was paid in full and on time during the year. This pledge was less than the Parish Ministry Cost advised by the diocese, which was £27,038 for St. Michael's.
Expenditure on Church maintenance was £13,706 (2023: £2,894), mainly due to £6,998 spent on installation of a new heating boiler, which funded by the Restricted donation of £8,000. Looking forward, expenditure on church maintenance is expected to increase further because of major repairs to stonework arising from the last quinquennial inspection.
As well as the activities of the DCC, the accounts for St. Michael’s also include associated groups, being the Community Centre, Lunch Club and Flower Guild.
Reserves Policy
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The free reserves, being funds that are not restricted or designated and are not endowment funds, total £85,430 made up as follows: St. Peter’s £19,972, St. Michael’s £66,437 and PCC £(979),.
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The aim is to have enough reserves to cover six months running expenses to prevent disruption to the services we provide.
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St Peter’s has 1.6 months of cover. St Michael’s has 19.6 months of cover, due largely to receipt of a generous legacy by St Michael's during 2023 which is neither restricted nor designated. Both DCCs have further funds held in designated funds which can be re-allocated.
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It is the PCC’s policy to invest temporarily surplus general funds with the CBF Church of England Investment and Deposit Funds, and in bank deposit accounts.
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As well as holding the above general reserves, from time to time the PCC receives restricted income for expenditure for particular purposes, defined by the donor or held by groups for specific purposes. We aim to expend such money as soon as possible, depending on the nature of the specific purposes. At 31st December 2024 the balance of these restricted funds amounted to £340,608 (2023: £376,574)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2024
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Future Plans
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To develop the ministry team with Revd. Cockcroft based at St. Michael’s and Zoe Eborn, especially when she is ordained a priest.
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To continue to strengthen the links between the churches and schools to our mutual benefit.
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To continue to ensure that ‘everyone Welcome’ includes children; always bearing in mind the Lord’s rebuke to the Disciples who wanted to prevent the little children coming to him.
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The two churches to work more closely together liturgically and socially.
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To continue to think about ways of welcoming those who will inhabit the thousand plus new houses being built within our parish.
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To ensure that we remain financially viable and to encourage wise Christian Stewardship in all areas - Time, Talents and Giving.
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To remember exactly why we exist as a Church - to offer the highest standards of worship to Almighty God and to praise and adore him forever.
Structure, governance and management
The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.
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As we are a Team Ministry we also have registered the following Working Names:-
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e Bexhill Parish Team Ministry e Bexhill Parish Church of St. Peter e St. Michael’s & All Angels Bexhill
The Team Ministry was established by Order of Council in 1990.
During the year the following served as members of the PCC
Ex Officio: Team Rector Revd. Dr. Stephen W Need Team Vicar Revd. Carol Cockcroft Team Curate Revd. Zoe Eborn “ Churchwardens Miss Catherine Gilman, Mr Christopher Miles District Wardens Miss Catherine Gillman, Mr Christopher Miles, Mr Iain Scott-Dickeson Lay Readers Miss Alison Marchant Deanery Synod Representatives: Dr Roger Elias, Messrs Alfred King, Christopher Miles, Alan Stephens, Misses Catherine Gillman, Alison Marchant Elected Members: Mr Malcolm Torrance Mesdames Jill Andrews, Judy Earl, Sue France, Rosemary Roberts Co-opted Members: Revd. Stephanie Prosser (Secretary), Mr Nigel Ball (Treasurer), Ms Susan Neighbour “
A= from 23.6.24, “= from 27.11 24, * = retired 14.02.25
The average attendance at meetings for the year was 81.4%.
Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (Team Rector, Team Vicar, Assistant Vicar, Readers licensed to officiate in the church), the Churchwardens and members of Deanery Synod, Diocesan or General Synods and up to 15 members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC.
The PCC is responsible for a wide range of matters affecting the parish, including compliance with health and safety and disability legislation and safeguarding. In their capacity as trustees, members of the PCC are responsible for the stewardship of funds and for the appropriate accounting and reporting of the parish finances. At the first meeting held after the APCM the new members are welcomed and the PCC Secretary and Treasurer are elected.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL ANNUAL REPORT FOR 2024
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There are also a number of subcommittees which report to the PCC and who are responsible for specific areas of the church’s activities:
Standing Committee
This is the only committee required by Law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the full PCC. It did not meet during 2023.
District Church Committees (DCC)
The two churches elect their own DCC’s, which are represented on the PCC and each DCC has the power to transact the business of its own Church. As mentioned earlier the DCC’s have been gradually phased down.
Other Committees are set up from time to time for the purpose of advising the PCC, with no executive power unless expressly given for a particular purpose.
Risk Assessment
The PCC has an ongoing task of reviewing the major risks which impact on the work of the Churches in the parish. The usual PAT testing and fire extinguisher checks have been carried out.
Approved by the PCC on 26th March 2025 and signed on their behalf by
a Revd. Dr. Stephen W. Need Rector P.C.C, Chairman
INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL FOR THE YEAR ENDED 315? DECEMBER 2024
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I report on the accounts of the PCC for the year ended 315t December 2024, which are set out on pages 7 to 22.
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 Church Accounting Regulations and section 144(2) of the Charities Act 2011 (the 2011 Act) do not apply.
It is my responsibility to:
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e examine the accounts under the Church Accounting Regulations and section 145 of the 2011 Act; e to follow the procedures laid down in the general Directions of the Charity Commission under section 145(5)(b) of the 2011 Act, and
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e to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An 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 considering 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and comply with the requirements of the Act and Regulations.
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Ashby FCCA ACA Gibbons Mannington & Phipps LLP 20 Eversley Road, Bexhill-on-Sea, East Sussex, TN40 1HE.
1st April 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
| Unrestricted | Restricted | Endowment | Total | Funds | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations and legacies | 2(a) | 146,870 | 37,815 | - | 184,685 | 212,860 |
| Charitable activities | 2(b) | 5,382 | 6,672 | - | 12,054 | 2,939 |
| Other trading activities | 2(c) | 36,570 | 30,313 | 12,425 | 79,308 | 65,284 |
| Investments | 2(d) | 3,371 | 10,986 | 2,767 | 17,124 | 14,717 |
| Other receipts | 2(e) | 2,606 | 4,490 | - | 7,096 | 1,483 |
| TOTAL INCOME | 194,799 | 90,276 | 15,192 | 300,267 | 297,283 | |
| EXPENDITURE ON: | ||||||
| Raising funds | 3(a) | 547 | 8,523 | - | 9,070 | 2,859 |
| Charitable activities | 3(b) | 197,252 | 122,314 | 9,377 | 328,943 | 251,532 |
| TOTAL EXPENDITURE | 197,799 | 130,837 | 9,377 | 338,013 | 254,391 | |
| (3,000) | (40,561) | 5,815 | (37,746) | 42,892 | ||
| Gains/(losses) on investments | 1,339 | 148 | 1,592 | 3,079 | 9,190 | |
| NET INCOME/(EXPENDITURE) | (1,661) | (40,413) | 7,407 | (34,667) | 52,082 | |
| TRANSFERS BETWEEN FUNDS | 15 | (4,447) | 4,447 | - | - | - |
| NET MOVEMENT IN FUNDS | (6,108) | (35,966) | 7,407 | (34,667) | 52,082 | |
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 411,012 | 376,574 | 116,082 | 903,668 | 851,586 | |
| TOTALFUNDSCARRIEDFORWARD | 404,904 | 340,608 | 123,489 | 869,001 | 903,668 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing operations.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL BALANCE SHEET AT 31ST DECEMBER 2024
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| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible | 7 | 345,710 | 347,890 | ||
| Investments | 8 | 103,873 | 100,792 | ||
| 449,583 | 448,682 | ||||
| CURRENT ASSETS | |||||
| Debtors | 9 | 13,457 | 10,436 | ||
| Investments | 10 | 345,753 | 313,266 | ||
| Cash at Bank and in Hand | 80,992 | 140,476 | |||
| 440,202 | 464,178 | ||||
| LIABILITIES | |||||
| Creditors - amounts falling due within one year | 11 | 20,784 | 9,192 | ||
| NET CURRENT ASSETS | 419,418 | 454,986 | |||
| TOTAL NET ASSETS | 869,001 | 903,668 | |||
| PARISH FUNDS | 13 | ||||
| Unrestricted | 404,904 | 411,012 | |||
| Restricted | 340,608 | 376,574 | |||
| Endowment | 123,489 | 116,082 | |||
| 869,001 | 903,668 |
Approved by the Parochial Church Council on 25th March 2025 and signed on its behalf by:
Nigel Ball P.C.C. Treasurer
The Revd Stephen Need P.C.C. Chairman
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
The financial statements of the PCC, 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 January 2015)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011 and the Church Accounting Regulations 2006.
The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets. There are no material uncertainties about the PCC's ability to continue, and so the accounts have been prepared on a going concern basis.
Financial reporting standard 102 - reduced disclosure exemptions
The PCC has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- the requirements of Section 7 Statement of Cash Flows.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Income
All income is recognised in the Statement of Financial activities once the PCC has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Government grants are recognised when the PCC becomes unconditionally entitled to the grant.
For legacies, entitlement is when probate is granted, the amount known, there are sufficient funds available for distribution or when a distribution is received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Apportionments and Allocations: St Peter's DCC: Secretary's Salary: Printing and Stationery 58% - Upkeep of Services 99% - Upkeep of Services 29% - Parish Magazine 1% - Advertising the Church 12% - Ministry 1% - Advertising the Church
St. Michael's DCC: All expenditure covering a number of cost centres was allocated according to activity.
The diocesan parish contribution is accounted for when due. Any parish contribution unpaid at 31st December is providedalance Sheet.for in these accounts as an operational (though not legal) liability and is shown as a creditor in the Taxation
The PCC is exempt from tax on its charitable activities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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1. ACCOUNTING POLICIES
Fixed Assets
Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the Team Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 1st January 2006 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Any individual items acquired since 1st January 2006, with a cost of more than £1,000 has been capitalised in the accounts and depreciated over their useful economic life.
Change in accounting policies
Until 1st January 2024, all freehold and leasehold property is being depreciated over 50 years on a straight line basis with the exception of St. Michael's new small hall and the land at 22 St. Peter's Mews. The small hall is being depreciated over 40 years on a straight line basis being its guaranteed life.
It was agreed by the PCC that the residual values on all freehold and leasehold property, with the exception of the two hall at St Micheal's Church, are currently not less than the net book value of these properties. Therefore no further depreciation is being charged. As the two halls are expected to have no residual value at the end of their useful lives, the depreciation policy has not changed.
The has also been no change in the policy for the land which is not depreciated.
Depreciation
Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives at the following rates:
Fixtures & Fittings 25% Straight line basis Equipment 25% Straight line basis
Investments
Fixed asset investments are stated at market value. Gains and losses on revaluation are included in the Statement of Financial Activities.
Cash at Bank
Cash at bank includes cash and short term highly liquid investments.
Current Assets Investments
Current Assets Investments includes cash held on deposit for investment purposes.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the members of the PCC.
Restricted funds can only be used for particular purposes within the objects of the PCC. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
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FOR THE YEAR ENDED 31ST DECEMBER 2024
| Unrestricted | Restricted | Endowment | Total | Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |||
| £ | £ | £ | £ | £ | |||
| 2. | INCOME AND ENDOWMENTS | ||||||
| (a) | Donations and legacies | ||||||
| Planned Giving: | |||||||
| Gift Aid donations | 77,208 | - | - | 77,208 | 78,770 | ||
| Income tax recoverable | 22,008 | - | - | 22,008 | 21,327 | ||
| Other planned giving | 12,212 | - | ~ | 12,212 | 9,603 | ||
| Collections (open plate) at all services | 16,069 | 3,620 | - | 19,689 | 19,250 | ||
| Donations, appeals etc. (inc. Gift | |||||||
| Aid) | 11,853 | 27,695 | - | 39,548 | 25,683 | ||
| Income tax recoverable on donations, | |||||||
| appeals etc | 464 | 4,750 | - | 5,214 | 1,942 | ||
| Grants - Benefact Trust |
- | 1,750 | - | 1,750 | - | ||
| Bexhill Town Council | - | - | ~ | - | 2,000 | ||
| Legacies | 7,056 | - | - | 7,056 | 54,285 | ||
| 146,870 | 37,815 | - | 184,685 | 212,860 | |||
| (b) | Charitable activities | ||||||
| Church Dues for Weddings, Funerals | |||||||
| and Burial of Ashes | 5,382 | 490 | - | 5,872 | 2,939 | ||
| Choir holiday fees | - | 6,182 | - | 6,182 | - | ||
| 5,382 | 6,672 | - | 12,054 | 2,939 | |||
| (c) | Other trading activities | ||||||
| Fund-raising and appeals | 3,601 | 2,243 | - | 5,844 | 7,668 | ||
| Flower festival | - | 9,761 | - | 9,761 | - | ||
| Parish magazine and bookstall | 1,813 | - | - | 1,813 | 1,720 | ||
| Candles and flowers | 711 | - | - | 711 | 197 | ||
| Sales | - | 313 | - | 313 | 885 | ||
| Rent receivable including ground rent | 28,740 | - | 12,425 | 41,165 | 38,290 | ||
| St Michael's hall lettings | - | 17,996 | - | 17,996 | 15,620 | ||
| Hire of St Peter's Church | 1,260 | - | - | 1,260 | 738 | ||
| Ivens room lettings | 445 | - | - | 445 | 166 | ||
| 36,570 | 30,313 | 12,425 | 79,308 | 65,284 | |||
| (d) | Investments | ||||||
| Dividends and interest | 3,371 | 10,986 | 2,767 | 17,124 | 14,717 | ||
| 3,371 | 10,986 | 2,767 | 17,124 | 14,717 | |||
| (e) | Other receipts | ||||||
| Listed Places of Worship VAT | |||||||
| reimbursement | 72 | 4,490 | ~ | 4,562 | 1,483 | ||
| Insurance claim | 2,534 | - | - | 2,534 | - | ||
| 2,606 | 4,490 | - | 7,096 | 1,483 | |||
| TOTALINCOME | 194,799 | 90,276 | 15,192 | 300,267 | 297,283 |
Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
| Unrestricted | Restricted | Endowment | Total | Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |||
| £ | £ | £ | £ | £ | |||
| 3. | EXPENDITURE | ||||||
| (a) | Raising funds | ||||||
| Advertising the church | 429 | - | - | 429 | 812 | ||
| Stewardship costs | 118 | ~ | - | 118 | 22 | ||
| Costs of fund raising events | - | 8,523 | - | 8,523 | 2,025 | ||
| 547 | 8,523 | - | 9,070 | 2,859 | |||
| (b) | Charitable activities | ||||||
| Missionary and Charitable Giving: | |||||||
| Church Overseas Missionary | |||||||
| Societies | - | 989 | - | 989 | = | ||
| Relief and Development Agencies | 150 | 350 | - | 500 | 1,892 | ||
| Home Missions and Other Church | |||||||
| Societies | - | 521 | - | 521 | 197 | ||
| Secular Charities | 100 | 1,610 | - | 1,710 | 1,727 | ||
| Bishop's discretionary fund | - | - | - | - | 225 | ||
| 250 | 3,470 | - | 3,720 | 4,041 | |||
| Ministry: | |||||||
| Diocesan parish share | 96,201 | - | - | 96,201 | 88,910 | ||
| Clergy costs | 6,483 | - | - | 6,483 | 8,184 | ||
| Vicarage and property costs | 5,093 | - | - | 5,093 | 1,732 | ||
| Church running expenses | 20,750 | 1,790 | 1,498 | 24,038 | 26,097 | ||
| Church maintenance | 7,190 | 21,968 | - | 29,158 | 11,813 | ||
| Upkeep of services | 29,691 | 5,691 | - | 35,382 | 31,490 | ||
| Churchyard and gardening | 2,285 | - | - | 2,285 | 3,240 | ||
| Parish magazine and bookstall | 2,243 | - | - | 2,243 | 2,198 | ||
| Training, youth and evangelism | 206 | 1,385 | - | 1,591 | 338 | ||
| Cost of choir holiday and other trips | - | 16,342 | - | 16,342 | 705 | ||
| Hall running costs | 3,374 | 9,022 | - | 12,396 | 13,746 | ||
| Other property costs | 17,314 | 6,313 | 3,811 | 27,438 | 24,368 | ||
| Major repairs: | |||||||
| St Peter's Church | - | 37,237 | - | 37,237 | = | ||
| St Michael's Community Centre | - | 4,225 | - | 4,225 | 9,132 | ||
| Architect's fees | - | 7,221 | - | 7,221 | 3,621 | ||
| Faculty fees | - | - | - | - | 317 | ||
| Quinquennial inspection fees | - | 1,170 | - | 1,170 | - | ||
| Other legal and professional fees | 748 | e | 4,068 | 4,816 | 786 | ||
| Activity groups running expenses | - | 4,245 | - | 4,245 | 3,871 | ||
| Independent examiner's fees | 1,848 | - | - | 1,848 | 1,776 | ||
| Accountancy fees | 3,576 | - | - | 3,576 | 3,282 | ||
| Bank charges | - | 55 | - | 55 | 65 | ||
| Depreciation: | |||||||
| Freehold property | - | 2,180 | - | 2,180 | 10,720 | ||
| Leasehold property | - | - | - | - | 1,100 | ||
| 197,252 | 122,314 | 9,377 | 328,943 | 251,532 | |||
| TOTAL EXPENDITURE | 197,799 | 130,837 | 9,377 | 338,013 | 254,391 | ||
| $$ | ——————— | i |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
Page 13
FOR THE YEAR ENDED 31ST DECEMBER 2024
| Governance | ||||
|---|---|---|---|---|
| 4. | SUPPORT COSTS | Other | Costs | Total |
| £ | £ | £ | ||
| Charitable activities | 55 | 5,424 | 5,479 | |
| Support costs, included in the above, are as follows: | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Other | ||||
| Bank charges | 55 | 65 | ||
| Governance costs | ||||
| Accountancy fees | 3,576 | 3,282 | ||
| Independent examiner's fees | 1,848 | 1,776 | ||
| 5,424 | 5,058 | |||
| 2024 | 2023 | |||
| 5. | STAFF COSTS | £ | £ | |
| Wages and Salaries | ||||
| Lay Staff, Secretary, Verger, Organists, Choir and Cleaners | 29,085 | 25,192 | ||
| Employer's Pension Contributions | - | - | ||
| Employer's National Insurance Contributions | - | . | ||
| 29,085 | 25,192 | |||
| The average number of staff employed was: | ||||
| Part Time | 7 | 6 | ||
| Choir | 23 | 20 | ||
| No employee had emoluments in excess of £60,000 per annum. | ||||
| Payments to PCC Members | ||||
| There were no disclosable transactions in respect of PCC members, nor persons closely connected | ||||
| to them, nor other related parties. | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| 6. | GRANTS PAID DURING THE YEAR | |||
| Clara Dixon Trust | - | 1,320 | ||
| All grants under £1,000 | 3,720 | 2,721 | ||
| 3,720 | 4,041 |
Page 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
7. TANGIBLE ASSETS FOR USE BY THE PCC
| Freehold | |||||
|---|---|---|---|---|---|
| Land and | Leasehold | Fixtures | |||
| Buildings | Building | & Fittings | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost/ Valuation | |||||
| At 1st January 2024 | 520,641 | 55,000 | 13,962 | 1,303 | 590,906 |
| Additions | - | - | - | - | - |
| At 31st December 2024 | 520,641 | 55,000 | 13,962 | 1,303 | 590,906 |
| Depreciation | |||||
| At 1st January 2024 | 202,451 | 25,300 | 13,962 | 1,303 | 243,016 |
| Charge for the year | 2,180 | - | - | - | 2,180 |
| At 31st December 2024 | 204,631 | 25,300 | 13,962 | 1,303 | 245,196 |
| Net Book Value | |||||
| At 31st December 2024 | 316,010 | 29,700 | - | - | 345,710 |
| At31stDecember2023 | 318,190 | 29,700 | = | - | 347,890 |
The individual DCCs are administrative trustees of the land and buildings and are responsible for their upkeep and management and also receives any income or benefit from the properties, and the Diocese is the custodial trustee and holds legal title to the properties. The land and building are: St. Peter's PCC
The leasehold property is a flat at 4 Calverley Court, 10/12 Collington Avenue, Bexhill-on-Sea. The PCC have agreed that, in their view, the residual value is not less than the current net book value so no further depreciation is to be charged.
St. Peter's DCC
The freehold land and properties are 21 St. Peter's Mews, 22 St Peter's Mews, St Peter's Community Centre, St Peter's Stables and 18 St. David's Avenue. In addition, there are the freeholds of No's. 1 to 20 St. Peter's Mews, but it is the opinion of the valuers that due to the long leases granted their values are negligible. The PCC have agreed that, in their view, the residual value of 21 St. Peter's Mews, St. Peter's Community Centre and St. Peter's Stables is not less than the current net book value so no further depreciation is to be charged. 22 St. Peter's Mews is freehold land and has therefore not depreciated.
St. Michael's DCC
The freehold properties are the two Community Centre Halls.
The large hall are being depreciated over 50 years on a straight line basis from 1st January 2001. The small hall is being depreciated over 40 years from ist January 2003 (being its guaranteed life) on a straight line basis.
Basis of Valuation
| Basis of Valuation | Basis of Valuation | Basis of Valuation |
|---|---|---|
| Abbott & Abbott carried out a valuation of the Freehold Land and Buildings held at 23rd December 1997 | ||
| which was as follows: | £ | |
| 21 St. Peter's Mews | 70,000 | |
| Land at 22 St. Peter's Mews | 250 | |
| St. Peter's Community Centre | 150,000 | |
| St. Peter's Stables | 20,000 | |
| St. Michael's Community Centre - | Hall No. 1 | 30,000 |
| 270,250 | ||
| 18 St. David's Avenue is included | at cost | 187,195 |
| St. Michael's Community Centre Small Hall (Hall No. 2) is | ||
| included at cost | 63,196 | |
| 520,641 | ||
| Abbott & Abbott also carried out a |
subsequent valuation of the Leasehold Building on 6th February 2001 | |
| which was as follows: | ||
| Flat4CalverleyCourt,10/12CollingtonAvenue | 55,000 |
Abbott & Abbott also carried out a subsequent valuation of the Leasehold Building on 6th February 2001
No provision has been entered within the financial statements for any liability to maintain the PCC's or DCC's buildings.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
Page 15
FOR THE YEAR ENDED 31ST DECEMBER 2024
| 8. | INVESTMENTS | Realised | Realised | Unrealised | Unrealised | ||||
|---|---|---|---|---|---|---|---|---|---|
| Market | Gain/ | Gain/ | Market | Market | |||||
| Value at | Additions/ | (Loss) | for | (Loss) | for | Value at | Value at | ||
| 1.1.24 | (Disposals) | the year | the year | 31.12.24 | 2023 | ||||
| £ | £ | £ | £ | £ | £ | ||||
| 2,387.90 CBF Investment Fund Shares | |||||||||
| Income Shares | 53,979 | - | - | 1,236 | 55,215 | 53,979 | |||
| 688.20 CBF Investment Fund Shares | |||||||||
| Income Shares | 15,557 | - | - | 356 | 15,913 | 15,557 | |||
| 439.11 CBF Investment Fund Shares | |||||||||
| Accumulation Shares | 26,221 | - | - | 1,339 | 27,560 | 26,221 | |||
| 1,979.69 CBF Fixed Interest Fund | |||||||||
| Income Shares | 2,866 | - | - | 89 | 2,955 | 2,866 | |||
| 1,487.80 CBF Fixed Interest Fund | |||||||||
| Income Shares | 2,154 | - | - | 61 | 2,215 | 2,154 | |||
| Three Sets of Maundy Coins | 15 | - | - | - | 15 | 15 | |||
| 100,792 | - | - | 3,081 | 103,873 | 100,792 | ||||
| Historical Cost | 2024 | 2023 | |||||||
| £ | £ | ||||||||
| 2,387.90 CBF Investment Fund Shares | See Note | See Note | |||||||
| 688.20 CBF Investment Fund Shares | 589 | 589 | |||||||
| 439.11 CBF Investment Fund Shares | 4,839 | 4,839 | |||||||
| 1,979.69 CBF Fixed Interest Fund | Shares | 3,192 | 3,192 | ||||||
| 1,487.80 CBF Fixed Interest Fund | Shares | 2,402 | 2,402 | ||||||
| ThreeSetsofMaundyCoins(AtProbateValue) | 15 | 15 |
Notes: The cost of the 2,387.90 Investment Fund shares is not known as the shares were purchased many years ago. These are held by the Official Custodian for Charities. All Investments are held in the UK.
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Income tax refunds due | 11,550 | 8,325 | |
| Other debtors | 547 | 888 | |
| Prepayments | 1,360 | 1,223 | |
| 13,457 | 10,436 | ||
| 10. | CURRENT ASSET INVESTMENTS | ||
| Cash on deposit | 345,753 | 313,266 | |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Accruals Other creditors |
542 20,242 |
655 8,537 |
|
| 20,784 | 9,192 | ||
| 12. | LEASING COMMITMENTS | ||
| Minimum lease payments under non-cancellable operating leases fall due as follows: | |||
| Betweenoneandfiveyears | 7,055 | 984 |
Page 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31ST DECEMBER 2024
| 13. | STATEMENT OF FUNDS | Brought | Expend- | Net gains/ | Balance | ||
|---|---|---|---|---|---|---|---|
| forward | Income | iture | losses | Transfers | at 31.12.24 | ||
| Unrestricted funds | £ | £ | £ | £ | £ | £ | |
| Designated funds | |||||||
| PCC Central fund | |||||||
| Good shepherd | 24,337 | 187 | - | 1,339 | - | 25,863 | |
| St. Peter's DCC | |||||||
| Property reserve | 271,970 | - | - | - | - | 271,970 | |
| Fabric fund | 1,104 | 67 | (1,132) | - | 1,870 | 1,909 | |
| Organ fund | 2,484 | 200 | - | - | - | 2,684 | |
| Outreach fund | 5,057 | 352 | (767) | - | - | 4,642 | |
| Musical instrument fund | 405 | 20 | - | - | - | 425 | |
| St. Michael's DCC | |||||||
| Fabric fund | 6,014 | - | - | - | - | 6,014 | |
| Defibrillator fund | 335 | - | - | - | 335 | ||
| Community centre rooffund | 5,632 | - | - | - | - | 5,632 | |
| General Funds | 317,338 | 826 | (1,899) | 1,339 | 1,870 | 319,474 | |
| PCC Central fund | 4,137 | 9,023 | (5,039) | - | (9,100) | (979) | |
| St. Peter's DCC | 26,180 | 141,116 | (150,107) | - | 2,783 | 19,972 | |
| St. Michael's DCC | 63,357 | 43,834 | (40,754) | - | - | 66,437 | |
| 411,012 | 194,799 | (197,799) | 1,339 | (4,447) | 404,904 | ||
| Restricted funds | |||||||
| PCC Central Fund | |||||||
| Rector & churchwarden | |||||||
| discretionary fund | 322 | - | - | - | - | 322 | |
| Eveline Armstrong deceased | |||||||
| legacy fund | 396 | - | - | - | - | 396 | |
| PCC development fund | 1,250 | - | (158) | - | - | 1,092 | |
| St. Peter's DCC | |||||||
| Fabric fund | 210,452 | 12,880 | (66,405) | - | 11,130 | 168,057 | |
| Defibrillator fund | 398 | 12 | (204) | - | - | 206 | |
| Flower capital fund (capital) | 2,154 | - | - | 61 | - | 2,215 | |
| Flower capital fund (income) | - | 56 | - | - | (56) | - | |
| Organ fund | 5,705 | 513 | (1,512) | - | - | 4,706 | |
| Director ofmusic salary func | 1,484 | 8,046 | (3,016) | - | - | 6,514 | |
| Junior church fund | 323 | 12 | - | - | > | 335 | |
| Candle capital fund (capital) | 2,866 | - | - | 87 | - | 2,953 | |
| Candle capital fund (income) | - | 74 | (74) | - | - | - | |
| TFG fund | 365 | 129 | (494) | - | - | - | |
| Musical instrument fund | 3,898 | 194 | (735) | - | - | 3,357 | |
| Communications fund | 285 | 1,293 | (221) | - | - | 1,357 | |
| Friends of St. Peter's | 55,432 | 6,741 | (28) | - | (5,100) | 57,045 | |
| For specific purposes | - | 2,577 | (2,577) | - | - | - | |
| Activity groups | 32,830 | 22,559 | (27,287) | - | (1,527) | 26,575 | |
| St. Michael's DCC | |||||||
| Flower guild | 468 | 260 | (315) | - | - | 413 | |
| East window maintenance | 230 | - | - | - | - | 230 | |
| Organ fund | 363 | - | - | - | - | 363 | |
| Activity group - Lunch club | 1,301 | 4,171 | (4,245) | - | - | 1,227 | |
| Community centre (capital) | 46,220 | - | (2,180) | - | - | 44,040 | |
| Community centre (income | |||||||
| & expenditure) | 5,922 | 18,716 | (13,315) | - | - | 11,323 | |
| Fabric fund | 547 | - | - | - | - | 547 | |
| Quinquennial Repairs | - | 1,750 | - | - | =? | 1,750 | |
| Heating Installation and | |||||||
| Mission to Pebsham | - | 9,250 | (7,028) | - | - | 2,222 | |
| Moving forward | 3,363 | - | - | - | - | 3,363 | |
| For specific purposes | - | 1,043 | (1,043) | - | - | - | |
| 376,574 | 90,276 | (130,837) | 148 | 4,447 | 340,608 |
Page 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
| 13. | STATEMENT OF FUNDS | STATEMENT OF FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Brought | Expend- | Net gains/ | Balance | ||||
| forward | Income | iture | losses | Transfers | at 31.12.24 | ||
| £ | £ | £ | £ | £ | £ | ||
| Endowment funds | |||||||
| Permanent | |||||||
| St. Peter's DCC | |||||||
| Capital | 53,979 | - | - | 1,236 | - | 55,215 | |
| Income | - | 1,498 | (1,498) | - | - | - | |
| Expendable | |||||||
| PCC Central Fund | |||||||
| Capital | 45,256 | - | - | 356 | - | 45,612 | |
| Income | 16,847 | 13,694 | (7,879) | - | 22,662 | ||
| 116,082 | 15,192 | (9,377) | 1,592 | - | 123,489 | ||
| Totalfunds | 903,668 | 300,267 | (338,013) | 3,079 | - | 869,001 |
Details of designated funds are as follows:
PCC Central Fund
Good Shepherd
The fund was set up a number of years ago when the Good Shepherd Church was sold. The net sale proceeds were set aside for the purpose of providing funds for major repairs or other projects in addition to generating income and capital growth.
St. Peter's DCC
Property Reserve
This fund represents the net book value of the tangible fixed assets held by St. Peter's DCC. Fabric Fund
Monies have been set aside by the members of St. Peter's DCC for the purposes of maintaining the fabric of St. Peter's Church.
Organ Fund
Monies have been set aside by the members of St. Peter's DCC for the purposes of maintaining the organ at St. Peter's Church.
Outreach fund
This is the old Parish worker account renamed with a transfer of the remaining funds the intension is to have a fund which can be used to promote outreach, initially from St Peter's church but as it is a designated fund the DCC could decide to redirect funds else where. An example of it's use could be to improve the streaming of services.
Musical instrument fund
Monies raised during certain activities have been set aside by the members of St. Peter's DCC for the purpose of providing and repairing musical instruments.
St. Michael's DCC
Fabric Fund
Monies have been set aside by the members of St. Michael's DCC for the purposes of maintaining the fabric of St. Michaels' Church.
Defibrillator fund
Monies have been set aside by the members of St. Michael's DCC for the purposes of purchasing a defibrillator for the church.
Community centre roof fund
Funds were transferred from St Peter's PCC to St. Michael's DCC for the purpose of earmarking funds towards the cost of roof repair to the community centre.
Page 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
13. STATEMENT OF FUNDS
Details of restricted funds are as follows:
PCC Central Fund
Rector & Churchwarden Discretionary Fund
Monies had been received by St. Andrew's DCC to be expended at the discretion of the rector and churchwarden. Following St. Andrew's closure this has been transferred to the PCC Central Funds to be used for the same purpose. Eveline Armstrong Deceased Legacy Fund This legacy was left to St. Andrew's DCC for vestments, equipment or furniture dedicated to the memory of Mrs Agnes Ada Armstrong. Following St. Andrew's closure this has been transferred to the PCC Central Fund to be used for equipment or furniture to which these funds could properly be used. PCC development fund A donation was given during 2023 for the purposes of PCC development. St. Peter's DCC
Fabric fund
This fund contains legacies and donations specifically for the maintenance of St. Peter's church fabric. Defibrillator fund Donations have been received specifically towards the costs of purchasing a defibrillator for St. Peter's church. Flower capital fund Many years ago 1,487.80 shares were purchased in the CBF Fixed Interest fund for the purpose of providing income towards the provision of flowers in St. Peter's church. Each year the interest is transferred to the Flower Group to use for this purpose. Organ fund Monies have been donated for the purposes of maintaining the organ at St. Peter's church. Director of music salary fund
Donations have been received specifically towards the Director of Music's salary. Junior Church Fund
Monies have been received specifically towards the Junior Church Candle capital fund Many years ago 1,979.69 shares were purchased in the CBF Fixed Interest fund for the purpose of providing income towards the provision of candles in St. Peter's church. TFG fund
Donations were received specifically towards the "Time for God" initiative Musical instrument fund
Monies have been donated and raised during certain activities for the purpose of providing and repairing musical instruments.
Communications fund
A donations was made specifically towards the cost of communication within the parish. Friends of St. Peter's
The Friends of St. Peter's is a separate group with its own committee and holds its owns funds. Its purpose is to raise funds for specific projects to help St. Peter's Church's buildings and fabric. Collections and donations for specific purposes
During the year funds are collected, donated or raised for specific purposes. These funds are then expended in the year they are received. In the year ended 31st December 2023 the following items passed through this fund:
Collections for the following:
| Collections for the following: | ||
|---|---|---|
| Bexhill CAP | 253 | |
| Bowel Cancer Trust | 228 | |
| Chestnut Tree House | 243 | |
| Children's Society | 283 | |
| Combat Stress | 266 | |
| Food Bank | 20 | |
| Leprosy Mission | 518 | |
| Martha Trust | 441 | ° |
| St Michaels Hospice | 325 | |
| 2,577 |
Activity groups
A number of groups operate within St. Peter's DCC for specific activities. All of these groups hold their funds in their own separate bank accounts and have their own committees. These groups are: Bellringers group, Flower Guild, Servers Guild, Sewing Guild, Social Committee and Choir group.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL Page 19 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
13. STATEMENT OF FUNDS
Continuation of details of restricted funds:
St. Michael's DCC
Flower Guild
This group operates within St. Michael's DCC for the purposes of providing flowers in the church. It raises funds specifically for this purpose.
East window maintenance
Monies were donated towards the maintenance of the east window at St. Michael's church. Organ fund Monies have been donated for the purposes of maintaining the organ at St. Michael's church. Activity group
An activity group operates within St. Michael's DCC for specific activities. This group hold their funds in their own separate bank account and has their own committee. The group is known as the Lunch Club. Community centre
St. Michael's community centre has its own committee and holds its own funds in a separate bank account. Its purpose is to run and maintain the community centre at St. Michael's church. Fabric fund
A legacy was received for the cost of church fabric at St. Michael's.
Quinquennial Repairs
A grant was received from Benefact Trust towards the repairs which are highlighted in the quinquennial report.
Heating Installation and Misson to Pebsham
Donations were received towards the repairs to the heating installation at St Michael's Church and for mission costs in the Pebsham area. Moving forward Donations are being received to provide funds for when the church has had new clergy appointed again to go towards these costs.
Collections, donations and fund raising for specific purposes
During the year funds are collected, donated or raised for specific purposes. These funds are then expended in the year they are received. In the year ended 31st December 2023 the following items passed through this fund:
| this fund: | |
|---|---|
| Collections and fundraising for the following: | |
| Bishop's Discretionary Fund | |
| Christian Aid | 30 |
| Children's Society | 200 |
| Mission to Sea Farers | 268 |
| Open Doors re Syrian Christians | 350 |
| Royal British Legion (Poppies) | 45 |
| 893 | |
| Fund raising costs | 150 |
| 1,043 |
Details of endowment funds are as follows:
Permanent
The investments are held in trust in the name of Sussex Church Lands Charity and the income only is to be used for the general purposes of St. Peter's church. The fund consists of 2,387.90 shares in the Investment Fund of the Central Board of Finance of the Church of England. The shares are held by the Official Custodian for Charities.
Expendable
The expendable endowment fund was created in 1964 when donations were invited to create a fund to supplement St Andrew's church's income. Between 1964 and 1973 money raised enabled the purchase of 6,423 shares in the Investment Fund of the Central Board of Finance of the Church of England at a total cost of £5,500. Most of the income derived from the holdings has been accumulated within a deposit account with the Central Board of Finance together with interest on the deposit account. As the fund was created to supplement St Andrew's church's income the Endowment Fund (Income) can be applied as the church sees fit and transfers made accordingly. During 1998, 5,734.80 shares were sold in order to provide cash to purchase a flat for the priest in charge. St. Andrew's Church closed during 2012 and the fund was transferred to St. Peter's PCC and is now represented by 688.20 shares in the Investment Fund of the Central Board of Finance and the Leasehold Property known as Flat 4, Calverley Court, 10/12 Collington Avenue.
Page 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Endowment | Total | Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Tangible fixed assets | 271,970 | 44,040 | 29,700 | 345,710 | 347,890 |
| Fixed asset investments | 27,575 | 5,170 | 71,128 | 103,873 | 100,792 |
| Current assets | 125,002 | 292,539 | 22,661 | 440,202 | 464,178 |
| Creditors | (19,643) | (1,141) | - | (20,784) | (9,192) |
| 404,904 | 340,608 | 123,489 | 869,001 | 903,668 |
15. TRANSFERS BETWEEN FUNDS
St. Peter's PCC general unrestricted fund made a transfer to St. Peters DCC general unrestricted of £2,600 to cover the photocopying costs of the church magazine.
St Peter's PCC contributed towards the costs of the replacement decking at 18 St. David's Avenue, so transferred £6,500 from its general unrestricted funds to St. Peter's DCC fabric funds.
St. Peter's DCC Restricted Flower Capital Fund transferred £56, being the dividends on the capital held in this fund, to St. Peter's DCC Restricted Flower Guild to be spent on flowers at the church.
The Friends of St. Peters group, a restricted fund in St. Peter's DCC, transferred £5,000 to St. Peter's DCC Fabric Fund towards the cost of stone work repairs.
The Flower Guild, a restricted activity group of St. Peter's DCC transferred £183 to St Peter's DCC being a share of the surplus from an event.
The Flower Festival group, a restricted activity group of St. Peter's DCC transferred £1,500 to St. Peter's Fabric Fund, being the share of the surplus from the flower festival.
The Friends of St. Peters group, a restricted fund in St. Peter's DCC, transferred £100 to the Flower Guild, a restricted activity group of St. Peter's DCC, as sponsorship of the Flower Festival.
16. RELATED PARTIES
Other than disclosed in note 5 to the accounts, there were no related party transactions for the year.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL Page 21 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31ST DECEMBER 2024
17. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM: | ||||
| Donations and legacies | 187,826 | 25,034 | - | 212,860 |
| Charitable activities | 2,594 | 345 | - | 2,939 |
| Other trading activities | 33,770 | 19,514 | 12,000 | 65,284 |
| Investments | 1,700 | 10,721 | 2,296 | 14,717 |
| Other receipts | 304 | 1,179 | - | 1,483 |
| TOTAL INCOME | 226,194 | 56,793 | 14,296 | 297,283 |
| EXPENDITURE ON: | ||||
| Raising funds | 1,660 | 1,199 | - | 2,859 |
| Charitable activities | 193,107 | 47,937 | 40,488 | 281,532 |
| Other | - | - | . | - |
| TOTAL EXPENDITURE | 194,767 | 49,136 | 40,488 | 284,391 |
| 31,427 | 7,657 | (26,192) | 12,892 | |
| Gains/(losses) on investments | 2,944 | 267 | 5,979 | 9,190 |
| NET INCOME/(EXPENDITURE) | 34,371 | 7,924 | (20,213) | 22,082 |
| TRANSFERS BETWEEN FUNDS | 3,000 | (3,000) | - | |
| NET MOVEMENT IN FUNDS | 37;371 | 7,924 | (17,213) | 22,082 |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward at 1st January 2023 | 375,628 | 389,479 | 128,961 | 894,068 |
| TOTAL FUNDS CARRIED FORWARD AT 31ST | ||||
| DECEMBER2023 | 412,999 | 397,403 | 111,748 | 916,150 |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL Page 22 SUPPLEMENTARY NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| OUTWARD GIVING | Income | Income | |||
|---|---|---|---|---|---|
| PCC | via | Direct to | Total | Total | |
| Funded | PCC | Charity | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Bexhill CAP Centre | 253 | 253 | - | ||
| Bexhill Foodbank | 20 | 20 | 225 | ||
| Bishop's Discretionary Fund | - | 225 | |||
| Bowel Cancer Trust | 228 | 228 | - | ||
| British Legion (Poppies) | - | 22 | |||
| Caring and Sharing | - | 3,212 | |||
| Chestnut Tree House | 243 | 243 | - | ||
| Children's Society | 483 | 380 | 863 | 307 | |
| Christian Aid | 30 | 3,717 | 3,747 | 5,243 | |
| Christian Aid - Turkey & Syrian Earthquake | - | 1,194 | |||
| Christians Against Poverty | - | 337 | |||
| Christian Blind Mission | - | 169 | |||
| Church Army | 130 | 130 | 290 | ||
| Clara Dixon Trust | - | 1,320 | |||
| CMS | 543 | 543 | 740 | ||
| Combat Stress | 266 | 266 | - | ||
| Fellowship of St. Nicholas | - | 140 | |||
| HUG | - | 258 | |||
| JMECA | 518 | 518 | - | ||
| Leprosy Mission | 441 | 1,326 | 1,767 | 2,302 | |
| Martha Trust | - | 142 | |||
| MacMillian Coffee Morning | - | 778 | |||
| Mission to Sea Farers | 268 | 268 | 243 | ||
| National Tea Day | - | 167 | |||
| Open Doors | 150 | 350 | 500 | 673 | |
| Royal British Legion (Poppies) | 45 | 45 | - | ||
| Sat 7 UK Trust | 100 | 100 | - | ||
| St. Jude's | - | 150 | |||
| St Michaels Hospice | 325 | 325 | - | ||
| 250 | 3,470 | 6,096 | 9,816 | 18,137 |