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← The Parochial Church Council Of The Ecclesiastical Parish Of Brockenhurst

2024-12-31-accounts

Brockenhurst Parochial Church Council St. Nicholas' with St. Saviour's

Registered Charity 1131796

Annual Report

and

Financial Statements

for the year ended 31 December 2024

Vicar:

Revd. Simon Newham

Page 1

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Annual Report for 2024

Background

The Parochial Church Council of the Ecclesiastical Parish of Brockenhurst has the responsibility for promoting within the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical in cooperation with the vicar, the Revd Simon Newham to whom day to day management of the parish is delegated.

The ecclesiastical parish is part of the Diocese of Winchester within the Church of England. There are two churches within the parish: St Nicholas’ the parish church and St Saviour’s located in the centre of the village of Brockenhurst.

The registered name of the PCC is The Parochial Church Council of the Ecclesiastical Parish of Brockenhurst and its registered working name is Brockenhurst PCC. The registered number of the charity is 1131796, and statutory information regarding the Parish may be found on the Charity Commission website, which it is the responsibility of the PCC to update, particularly following the Annual Parochial Church Meeting.

When planning activities for the year the Vicar and PCC have adopted Charity Commission guidance on public benefit and, in particular, specific guidance on charities for the advancement of religion.

Administrative Information

Vicar: Revd. Simon Newham

The correspondence address is:

The Church Office, Wilverley Road, Brockenhurst SO42 7SP

The Independent Examiner is:

Brenda Peers-Ross 29 Drift Road Selsey Chichester West Sussex PO20 0PW

Our bankers are:

Lloyds Bank Lymington PO Box 1000 Andover BX1 1LT

CCLA Investment Management Ltd The CBF Church of England Funds Senator House 85 Queen Victoria Street London EC4V 4ET

Page 2

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Parochial Church Council

During the period 1 January 2024 until the date that this report was approved the following have served as members of the Parochial Church Council PCC:

Vicar The Revd. Simon Newham Chairman from June 2019 Wardens Mrs Joanna Plummer Mrs Lindy Waight Deanery Synod Representatives Mr Peter Lay Treasurer Mrs Wendy Lay Mr John Pearson Elected Members Mrs Pauline Brown Mrs Liz Dodwell From 19 April 2023 Mr Tim Dodwell Mr Martin Fletcher Mrs Jane Forrest Mr Tony Foulger Died 27 October 2024 Mrs Janet McDonald Mr Jeremy Moss From 24 April 2024 Mr Nathan Parnaby Mr Paul Pearse Mrs Lindy Waight

Structure, Governance and Management

The PCC is a body corporate established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. During 2009 as a result of changes to legislation, The Parochial Church Council (PCC) became a separately registered Charity with the Charity Commission under number 1131796.

Members of the PCC are appointed ex officio, or co-opted, or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

All Church members are encouraged to register on the Electoral Roll and stand for election to the PCC.

Teams and Committees

The PCC operates through a number of teams and committees which meet between full meetings of the PCC. The teams have oversight responsibility for some additional committees. The committees review major risks to which the PCC may be exposed and implement systems or procedures to manage those risks. This includes appropriate training, and taking advice from experts.

Page 3

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Objectives and Activities

The PCC is responsible for co-operating with the Vicar in promoting within the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It is also responsible for maintaining the two village churches of St. Nicholas' and St. Saviour's. The vision is to be a Christ Centred Community

There were 198 parishioners on the Church Electoral Roll at the 2024 APCM, of whom 28 were not resident in the Parish compared with 204 in 2023. The size of the worshiping community is 134 with an average weekly attendance of 126 adults and 4 children, although the number increases substantially at major festivals.

Church Warden’s Report

What another busy year. Sometimes (especially in the colder, winter months) it is good to look back and reflect upon all that has happened.

Reading back over last year’s report we were still talking about Covid and its long-term impact. Hopefully everyone’s recollection of those times is now a distant memory and we can look forward.

As wardens we are very aware of the strength of the team that is Brockenhurst Church. We are blessed by an eclectic mix of volunteers who selflessly give up their time and energy, often unseen. They provide such a great foundation and support. There’s a team in the office, led by Clare and Kelly, with an amazing squad of volunteers who ensure that the services run smoothly, the community is welcomed, the rotas are seamless, the divergent needs of the church family are met, and the music plays! A huge thank you to them and all who support our church family. We’ve said some goodbyes this year. In May we bid Luke, Erica and family a very fond farewell. They moved to Odiham, as a family, for Luke to continue his training there (following his ordination). He was presented with a variety of very thoughtful gifts from hand embroidered personalised stoles to a family member ship of the hawk conservancy. He gave us packets of hand selected seeds, reminding us of the need for us to sow our seeds into the community.

We also said a very fond goodbye to Tony Foulger who had been a lay minister and faithful servant of Brockenhurst especially St Nicholas Church.

We welcomed Sandra Hall to our team, she has recently retired and is a very welcome addition. Mel (our ordinand and Child and Family Support Worker) continues to work in the three benefice Church Schools (one day a week each) and to establish links with the families in the communities – as well as train for ministry.

Simon continues his tremendous work as Area Dean, providing wise guidance and support to Clergy and PCCs. This, as well as being in charge of the benefice, keeps him fully occupied! As a church, we would like to say a huge thank you to all of those ‘retired’ clergy and lay ministers, as well as office staff and volunteers who, in addition to the regular weekly Sunday services (at both churches); Thursday communion at St Saviour’s; nightly and daily prayer

Page 4

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

services; weddings; funerals; christenings and Compline services have stepped in to support Simon over the last year.

Over the past year we have been host to a wide variety of events and visitors, all serving our local community. Some of these, such as CAMEO and Wednesday lunches, are regular – and well supported, although volunteers are always needed. Some are seasonal, such as the amazing Holidays@Home, set in Paris, complete with dancing the can-can, games and fun; Harvest Quiz with Fish and Chip supper; Newcomers (to the village) Party and the wonderful Christmas Dinner. Our visitors have included two bishops, Bishop Philip, the Bishop of Winchester and the Archbishop of Canterbury, just before he resigned from the role. Both men were really interesting and interested in us. Bishop Philip submitted to being publicly questioned by Simon and brought his dog, as well as his wife Ruth. We look forward to meeting our third Bishop (watch this space) soon.

This year has been a time of thought and contemplation. We still face the challenges of running and maintaining two listed buildings, with grounds, and this has continued to challenge our amazing site and grounds teams (as well as our budget). Mostly run by volunteers they have ensured that the churches remain safe, and we remain dry and warm(ish). As the buildings continue to age and the weather continues to challenge us, so it becomes more important for us to pray for and consider the longer-term solutions.

Accordingly an awayday to Beaulieu was arranged for October 2024 so that the ideas referred to in our last report (“a plan [for] ‘our’ church for the next 10 years, to create a vision for the whole church. A survey of members yielded some great thoughts and are a good base for discussion”) could be carefully and sensitively discussed and then prayed about. A follow up meeting was held at the very beginning of March and we look forward to sharing those actions in the next report.

Finally we want to end with a note of gratitude, Jeremy Moss stepped down last April as a warden, huge thanks to him for all his hard work, his care, his concern and his wisdom. Lindy joined the team and is the co-author of this report, so I just want to say welcome and thank you for your diligence and all that you have added to the team this year. It’s been an interesting one! Thank you.

Jo Plummer & Lindy Waight

Page 5

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Financial Review

Independent Examiner

The appointment of Brenda Peers-Ross ll as Independent Examiner for these financial statements was approved at the APCM meeting held on 24 April 2024.

Overall Summary

Overall Summary

Total income was £288,002 while total expenditure was £278,252 (before unrealised gains) resulting in a net surplus of £9,750 compared to a net surplus of £17,079 in 2023. However, the 2023 figures include a number of exceptional items:

These exceptional items account for income of £1,902 in 2024 and £22,566 in 2023:

Exceptional items
Income:
VAT reclaim
St Nicholas Path appeal
Legacies
One-off donations
Grants from the Parish Council
Expenditure: St Nicholas' Path
Depreciation
Net exceptional Income		 2024
2023
£
£
4,872
14,116
16,400
7,500
3,000
1,108
8,316
25,008
30,304
19,077
4,029
7,738
23,106
7,738
1,902
22,566

The CBF Endowment Fund investments increased in value by £2,068 compared to a gain of £7,769 in 2023.

Expenditure

Ordinary expenditure increased from £248,511 in 2023 to £267,263 in 2024 while extraordinary expenditure in 2024 was £10,989 compared to £10,843 in 2023.

Page 6

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Expenditure
Ordinary
Common Mission Fund
Donations to charities
Staff salaries
Maintenance of both churches and hall
Churchyard
Utilities (Gas electric and water)
Other running costs
Extraordinary/appeals Charities
Depreciation
St Nicholas' Path installation		 2024
2023
£
£
98,592
108,392
9,490
9,511
58,068
57,959
10,512
5,894
1,186
3,475
9,780
9,377
60,558
53,903
248,186
248,511
6,960
3,105
4,029
7,738
19,077
-
30,066
10,843
278,252
259,354

Extraordinary expenditure comprises:

Page 7

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Ordinary Expenditure

----- Start of picture text -----
Other running
costs
30%
Common Mission
Fund
37%
Utilities (Gas
electric and water)
4%
Churchyard
0%
Donations to
Maintenance of
charities
both churches and
3%
hall
Staff salaries
4%
22%
----- End of picture text -----

Ordinary expenditure comprises:

Income

Page 8

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Ordinary income increased from £253,910 in 2023 to £264,826 while extraordinary income in 2024 was £23,176 compared with £22,523 in 2023.

Extraordinary income is income that is not normally expected and comprises:

Extraordinary income in 2024 included:

Income
Ordinary
Planned
Collections
Unplanned
Gift Aid
Grants
Activities for generating funds
Investment income and interest
Income from charitable activities
Extraordinary/appeals Charity collections
Charity donations
Charity Gift Aid
St Nicholas' Path
Grants
Legacies
Other
Total Income		 2024
2023
£
£
139,951
129,845
6,440
7,664
13,378
9,656
29,268
27,700
14,781
24,664
16,032
9,353
5,420
5,581
39,556
39,447
264,826
253,910
903
588
4,919
2,482
503
265
-
14,116
-
4,872
16,400
200
451
-
23,176
22,523
288,002
276,433

Page 9

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

----- Start of picture text -----
Ordinary Income
Income from
charitable
Investment activities
income and 15%
interest
2%
Activities for
generating funds
6%
Planned
53%
Grants
6%
Gift Aid
11%
Unplanned
5%
Collections
2%
----- End of picture text -----

Ordinary income comprises:

Page 10

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Cash Flow

Net cash flow in 2024 was an increase of £74,973 compared to an increase of £16,441 in 2023. The large increase in cash is mostly accounted for by:

Ordinary Acrivities

The church spends the money at its disposal on the following main items:

Money to support these is available from a number of funds, primarily:

In addition money is also available from:

Reserves

The reserves policy is to keep a cash (or cash equivalent) reserve of three times the average monthly cash expenditure. The PCC considers this is sufficient to cover against

Page 11

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

The reserves comprise the cash held in unrestricted funds an at present exclude the cash held in the designated Flower Trading Fund. The total cash reserves held on 13 December 2024 were £128,685 with an additional £3,215 held in the Flower Trading Fund. The average monthly cash expenditure in 2024 was £22,353 for which the reserves policy requires a cash reserve of £67,059. Consequently, the surplus cash reserves available to spend at 31 December 2024 while maintaining the cash reserve required by the reserve policy is £61,626.

Conclusions

Net income in 2024 across all funds was £9,750 compared to £17,079 in 2023. However, these figures are not directly comparable because the 2023 total includes

While the 2024 total includes

The net figures for ordinary income and expenditure in 2024 and 2023 were £16,640 and £5,399 respectively.

The three year fixed price contracts for gas and two year fixed price contracts for electricity came to an end on 31 August 2024. These were replaced with new contracts: three years for gas to 31 August 2027 and two years for electricity to 31 August 2026.

Income from ordinary donations (planned, collections, unplanned and Gift Aid) has remained more-or-less the same as 2023 with a small increase of £4,500 (2%) while inflation is currently 3%. In addition, this income is vulnerable to an ageing congregation with reductions to be expected in the next five to ten years.

Page 12

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Statement of trustee responsibilities applicable to members of the Parochial Church Council of the Ecclesiastical Parish of Brockenhurst (Brockenhurst PCC)

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Annual Financial Statements

The attached financial statements for the year ended 31 December 2024 have been prepared in accordance with the relevant Church Accounting Regulations, applicable Accounting Standards and Statement of Recommended Practice (FRS 102) 2019.

Page 13

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Independent Examiner’s Report to Brockenhurst PCC

I have examined the accounts of the Charity set out on pages 15 to 30, which have been prepared on the accrual concept for financial year ending 31[st] December 2024.

This report is made solely to the Trustees in accordance with Section 43 (3) (a) of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees those matters which we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees for our work, for this report, or for the opinions we have formed.

Respective responsibilities of the Trustees and examiner

As described on page 5 the Charity's Trustees are responsible for the preparation of the accounts; you consider that the audit requirements of Section 144 (2) of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 156 of the Act, whether particular matters have come to our attention.

Basis of independent examiner's report

My examination was conducted in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts, presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with our examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:  to keep accounting records in accordance with Section 130 of the Act; and

  2. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met:

2 to which, in my opinion, attention should be drawn to enable a proper

understanding of the accounts to be reached.

Brenda Peers-Ross

Brenda Peers-Ross FMAAT. ACIE

16[th] June 2025

Page 14

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Statement of Financial Activities for the year ended 31 December 2024

Note
Income and Endowments from:
Donations and Legacies
2(a)
Other trading activities
2(b)
Investments
2(c)
Charitable activities
2(d)
Other Income
2(e )		 Unrestricted
Funds 2024
£
216,311
16,032
2,890
38,446
201		 Restricted
Funds 2024
£
10,232
-
2,530
1,110
250		 Endowment
Funds 2024
£
-
-
-
-
-		 Total
2024
£
226,543
16,032
5,420
39,556
451		 Unrestricted
Funds 2023
£
199,574
9,353
3,075
38,467
-		 Restricted
Funds 2023
£
22,478
-
2,506
980
-		 Endowment
Total
Funds 2023
2023
£
£
-
222,052
-
9,353
-
5,581
-
39,447
-
-
Total 273,880 14,122 - 288,002 250,469 25,964 -
276,433
Expenditure on:
Raising funds
3(a)
Charitable activities
3(b)		 15,674
225,721		 1,007
35,850		 -
-		 16,681
261,571		 13,984
229,307		 1,155
14,908		 -
15,139
-
244,215
Total 241,395 36,857 - 278,252 243,291 16,063 -
259,354
Net Income/(Expenditure)
Transfers between Funds
Other recognised gains/(losses)
Gains/(losses) on investments
7		 32,485
(1,446)
-		 (22,735)
1,446
-		 -
-
2,068		 9,750
-
2,068		 7,178
(956)
-		 9,901
956
-		 -
17,079
-
-
7,769
7,769
Net Movement in Funds 31,039 (21,289) 2,068 11,818 6,222 10,857 7,769
24,848
Balances brought forward at 1
January		 97,049 53,094 90,354 240,497 90,827 42,237 82,585
215,649
Balances carried forward at 31
December		 128,088 31,805 92,422 252,315 97,049 53,094 90,354
240,497

The notes on pages 18 to 30 form part of these accounts

Page 15

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Balance sheet at 31 December 2024

Note
FIXED ASSETS
Tangible assets
Investment assets: Endowment fund investments
6		 Unrestricted
Funds 2024
£
-
-		 Restricted
Funds 2024
£
10,408
-		 Endowment
Funds 2024
£
-
92,422		 Total Funds
2024
£
10,408
92,422		 Unrestricted
Funds 2023
£
-
-		 Restricted
Funds 2023
£
14,437
-		 Endowment
Funds 2023
£
-
90,354		 Total Funds
2023
£
14,437
90,354
- 10,408 92,422 102,830 - 14,437 90,354 104,791
CURRENT ASSETS
Stock
Investments
Debtors and prepayments
8
Short-term deposists
Cash at bank and in hand		 4,807
-
4,993
-
131,900		 -
-
7
-
23,605		 -
-
-
-
-		 4,807
-
5,000
-
155,505		 5,818
-
64,877
-
41,239		 -
-
18
-
39,291		 -
-
-
-
-
5,818
-
64,895
-
80,530
Total current assets 141,700 23,612 - 165,312 111,934 39,309 - 151,243
LIABILITIES
Creditors - amounts falling due within one year
9		 13,612 2,215 - 15,827 14,885 652 -
15,537
Net current assets/(liabilities) 128,088 21,397 - 149,485 97,049 38,657 - 135,706
Total assets less current liabilities
Creditors - amounts falling due after one year		 128,088
-		 31,805
-		 92,422
-		 252,315
-		 97,049
-		 53,094
-		 90,354
-
240,497
-
Total net assets 128,088 31,805 92,422 252,315 97,049 53,094 90,354 240,497
PARISH FUNDS
Unrestricted
10(a)
Restricted
10(b)
Endowment
10(c)		 128,088 31,805 92,422 128,088
31,805
92,422		 97,049 53,094 90,354
97,049
53,094
90,354
128,088 31,805 92,422 252,315 97,049 53,094 90,354 240,497

The notes on pages 18 to 30 form part of this account

Page 16

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Cash flow statement at 31 December 2024

Cash flow statement at 31 December 2024
End 2024 End 2024 End 2023 End 2023
Net cash from operating activities 69,555 10,860
Cash flows from investing activities
Dividends, interest and rent from investments 5,420 5,581
Purchase of:
Tangible fixed assets for use of the PCC - -
5,420 5,581
Change in cash and cash equivalents in the reporting period 74,975 16,441
Cash and cash eqivalents at 1 January 80,530 64,090
Cash and cash equivalents at 31 December 155,505 80,531
Reconciliation of net income/(expenditure) before investment gains
Net income before investment gains at 31 December 9,750 17,079
Adjustments for:
Depreciation charges 4,029 7,738
Dividends, interest and rent from investments (5,420) (5,581)
Decrease/(Increase) in stock 1,011 112
Decrease/(increase) in debtors 59,895 (953)
(Decrease)/Increase in creditors 290 (7,535)
Net cash provided by/(used in) operating activities 69,555 10,860
Analysis of cash and cash equivalents
Cash in hand 155,505 80,531
Notice deposits (less than 3 months) - -
155,505 80,531

The notes on pages 18 to 30 form part of this account

Approved by the Parochial Church Council on 28 April 2024 and signed on its behalf by: Mr Peter Lay (Treasurer)

Page 17

Notes to the financial statements for the year ended 31 December 2023

1. Accounting Policies

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s and with the Regulations “true and fair view” provisions.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown 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 main affiliation to another body nor those that are informal gatherings of Church members.

Funds

Unrestricted funds are general funds which can be used for PCC ordinary purposes. They represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated by the PCC for a particular purpose, though also unrestricted, are separately disclosed.

Restricted Funds represent donations, grants and other income received for a specific objective or invited by the PCC for a specific objective. The Funds may only be expended on the specific objective for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

Endowment Funds are funds, the capital of which must be maintained as determined by the terms of the Fund; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending on the purpose for which the endowment was established.

Income

Planned giving, collections and donations are recognized when received. Tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognized when it is receivable. All incoming resources are accounted for gross. Amounts collected on behalf of other bodies at events held on church premises and handed to their representatives on the day are not considered to be incoming resources of the PCC and are not included in these statements.

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded. Where the PCC has agreed in principle during the year to make grants up to a specified total, subject only to the ascertainment of the year’s result, and such grants are subsequently confirmed and paid, they are provided for in these accounts as an operational (though not a legal) liability and are shown as creditors in the Balance Sheet.

Activities directly relating to the work of the Church

The diocesan parish share is accounted for when payable. Any Parish Share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Assets

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 109(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Page 18

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £1,000, They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt.

Depreciation is calculated to write off the capitalised cost of fixed assets less their currently anticipated residual fair value over five years.

An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at the PCC’s best estimate of market value.

Short term deposits

These are the cash held on deposit either with the CCLA, Diocesan Loans Fund or at the bank.

Page 19

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

2. Income and Endowments

2. Income and Endowments
2(a)
Donations and Legacies
Planned giving:
Gift Aid donations
CAF
Other
Collections
Donations
Gift Aid donations
CAF
Other
Tax Recoverable
Grants
Legacies
2(b)
Activities for generating funds
Parish Magazine (advertising)
Letting of Church
Wedding Flowers
Other
2(c)
Investments
Dividends on CBF Investment Fund
Bank and WDBF Loans Fund
2(d)
Charitable activities
Fees for weddings and funerals
Non-statutory fees
Parish magazine sales
Bookstall
Payments for events
Trading activities
Letting of hall
Wednesday Lunches
Other
2(e)
Other Income
Unpaid DEC cheque
Energy Audit
Advertising refund
Total incoming resources		 Unrestricted
Funds 2024
£
98,508
19,900
21,543
6,173
406
500
9,358
28,992
14,531
16,400		 Restricted
Funds 2024
£
-
-
-
1,170
1,445
1,000
5,588
779
250
-		 Total
2024
£
98,508
19,900
21,543
7,343
1,851
1,500
14,946
29,771
14,781
16,400		 Unrestricted
Funds 2023
£
95,368
20,300
14,177
7,274
1,135
550
10,990
27,250
22,530
-		 Restricted
Total
Funds 2023
2023
£
£
-
95,368
-
20,300
-
14,177
978
8,252
3,596
4,731
100
650
9,883
20,873
715
27,965
7,006
29,536
200
200
216,311 10,232 226,543 199,574 22,478
222,052
6,927
4,468
4,525
112		 -
-
-		 6,927
4,468
4,525
112		 5,532
1,727
2,000
94		 -
5,532
1,727
-
2,000
-
94
16,032 - 16,032 9,353 -
9,353
-
2,890		 2,508
22		 2,508
2,912		 -
3,075		 2,470
2,470
36
3,111
2,890 2,530 5,420 3,075 2,506
5,581
4,214
5,427
5,514
11,707
1,112
4,537
5,935
-		 -
-
-
-
1,110
-
-
-		 4,214
5,427
5,514
11,707
2,222
4,537
5,935
-		 4,457
4,939
5,530
12,556
1,631
3,959
5,395
-		 -
4,457
-
4,939
-
5,530
-
12,556
980
2,611
-
3,959
-
5,395
-
-
38,446 1,110 39,556 38,467 980
39,447
-
201
-		 250
-
-		 250
201
-		 -
-
-		 -
-
-
-
-
-
201 250 451 - -
-
273,880 14,122 288,002 250,469 25,964
276,433

Page 20

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

3. Expenditure On

Unrestricted
Funds 2024
£
3(a)
Raising funds
Cost of generating funds
Trading
Bookstall
8,037
Wednesday lunches
3,681
Flower arranging
3,209
Cost of fetes and other events
247
Governance costs
500
15,674
3(b)
Charitable Activities
Missionary and charitable giving
4
9,490
Ministry:
Diocesan parish share
98,592
Other ministry costs
2,873
Gas, Electric & Water
6,705
Telephones
1,050
Insurance
8,091
Salaries & wages
5
58,086
Training & Mission costs
5,147
Stationery
4,454
Bank charges
572
Maintenance
1,742
Upkeep of sevices
1,691
Churchyard
806
Other running expenses
5,137
Major repairs - installation
1,050
Major repairs - structure
-
New Building Work
-
Other expenditure
-
Depreciation
-
Parish magazine costs
10,247
Church hall running costs
Gas & Electric
3,075
Maintenance
4,514
Other
2,399
225,721
Total resources expended
241,395		 Unrestricted
Funds 2024
£
3(a)
Raising funds
Cost of generating funds
Trading
Bookstall
8,037
Wednesday lunches
3,681
Flower arranging
3,209
Cost of fetes and other events
247
Governance costs
500
15,674
3(b)
Charitable Activities
Missionary and charitable giving
4
9,490
Ministry:
Diocesan parish share
98,592
Other ministry costs
2,873
Gas, Electric & Water
6,705
Telephones
1,050
Insurance
8,091
Salaries & wages
5
58,086
Training & Mission costs
5,147
Stationery
4,454
Bank charges
572
Maintenance
1,742
Upkeep of sevices
1,691
Churchyard
806
Other running expenses
5,137
Major repairs - installation
1,050
Major repairs - structure
-
New Building Work
-
Other expenditure
-
Depreciation
-
Parish magazine costs
10,247
Church hall running costs
Gas & Electric
3,075
Maintenance
4,514
Other
2,399
225,721
Total resources expended
241,395		 Restricted
Funds 2024
£
-
-
1,007
-		 Total
Unrestricted
2024
Funds 2023
£
£
8,037
8,077
3,681
3,572
3,209
403
1,254
1,932
500
-		 Total
Unrestricted
2024
Funds 2023
£
£
8,037
8,077
3,681
3,572
3,209
403
1,254
1,932
500
-		 Restricted
Total
Funds 2023
2023
£
£
-
8,077
3,572
-
403
1,155
3,087
-
-
15,674 1,007 16,681 13,984 1,155
15,139
9,490
98,592
2,873
6,705
1,050
8,091
58,086
5,147
4,454
572
1,742
1,691
806
5,137
1,050
-
-
-
-
10,247
3,075
4,514
2,399		 6,960
-
-
-
-
-
-
-
-
-
4,256
1,138
380
10
19,077
-
-
-
4,029
-
-
-
-		 16,450
98,592
2,873
6,705
1,050
8,091
58,086
5,147
4,454
572
5,998
2,829
1,186
5,147
20,127
-
-
-
4,029
10,247
3,075
4,514
2,399		 9,511
108,392
2,205
6,319
882
7,649
57,374
3,466
4,886
608
2,002
1,450
1,825
5,217
-
-
-
-
-
8,691
3,058
3,440
2,332		 3,105
12,616
-
108,392
-
2,205
-
-
6,319
-
882
-
7,649
585
57,959
45
3,511
-
4,886
31
639
452
2,454
974
2,424
1,650
3,475
328
5,545
-
-
-
-
-
-
-
-
7,738
7,738
-
8,691
-
3,058
-
3,440
-
2,332
225,721 35,850 261,571 229,307 14,908
244,215
241,395 36,857 278,252 243,291 16,063
259,354

Page 21

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

4. Missionary and Charitable Giving

Overseas missionary and relief societies:
Bible Society
Christian Aid
Church Mission Society
DEC (Pakistan Floods)
Embrace the Middle East
Jerusalem & Middle East Church Association
Lent boxes
Rwanda
Sat 7
Tearfund		 Unrestricted
Funds 2024
£
1,000
-
2,500
-
745
500
-
500
500
1,000		 Restricted
Funds 2024
£
-
452
-
-
-
-
-
4,251
-
-		 Endowment
Funds 2024
£
-
-
-
-
-
-
-
-		 Total
Total
2024
2023
£
£
1,000
1,000
452
-
2,500
2,520
772
772
745
749
500
579
-
-
4,751
500
500
500
1,000
1,000
6,745 4,703 - 12,220
7,620
Home missions and other church societies:
A Rocha
Christians Against Poverty
Childrens' Society
MAF
Mission to Seafarers
UCCF		 500
-
-
-
-
500		 -
770
260
260
-
21		 -
-
-
-		 500
500
770
-
260
266
260
-
-
80
521
500
1,000 1,311 - 2,311
1,346
Local charities:
Basics Bank
Blue Cross
Brockenhurst Day Care Centre
Brockenhurst Gateway (New Forest Mencap)
Oakhaven Hospice
Grants from Hardship Fund
School Cossing Patrol		 -
-
500
500
745
-
-		 277
26
25
118
-
-
-		 -
-
-
-
-
-		 277
-
-
525
500
618
500
745
749
-
50
-
1,851
1,745 446 - 2,165
3,650
Total Missionary and charitable giving 9,490 6,460 - 16,696
12,616

Page 22

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

5. Staff Costs

Wages and salaries
National Insurance
Pension
Life Assurance
Training
Payments to organists, singers and bell ringers		 2024
2023
£
£
53,259
53,637
-
-
1,758
1,780
219
222
-
-
55,236
55,639
2,850
2,320
58,086
57,959

During year the PCC employed Parish Administrators; Family and Children’s worker; verger; caretaker and cleaner for the church and hall. No employee was paid more than £60,000

6. Related Parties

No payments or expenses were paid to any PCC member, or persons closely connected to them or related parties.

Page 23

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

7. Investments

Market value at 1 January 2024
Disposal
Purchases at cost
Net gains/(loses)
Market value at 31 December 2024
Units held		 St Nicholas'
Churchyard
£
63,161
-
-
1,446
64,607
2,794		 Walker
Munro
£
16,342
-
-
374
16,716
723		 Harding
Total
£
£
10,851
90,354
-
-
-
-
248
2,068
11,099
92,422
480

The St Nicholas’ Churchyard, Walker Munro and Harding endowment funds are invested in CBF Church of England Investment Fund – Income Shares.

8. Debtors and Prepayments

Debtors
Gift Aid Tax
HMRC (employment)
Diocesan Loans Fund
Other debtors
Prepayments		 Unrestricted
Funds 2024
£
2,565
-
-
2,428
4,993
-
4,993		 Restricted
Funds 2024
£
4
-
-
3
7
-
7		 Endowment
Funds 2024
£
-
-
-
-
-
-
-		 2024
2023
£
£
2,569
708
-
-
-
62,380
2,431
1,807
5,000
64,895
-
-
5,000
64,895
Total Funds

Page 24

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

9. Liabilities

Accruals and deferred income
Charities
Other
Creditors for goods and services
Other creditors		 Unrestricted
Funds 2024
£
-
9,141
9,141
4,471
-
13,612		 Restricted
Funds 2024
£
1,869
97
1,966
250
-
2,216		 Endowment
Funds 2024
£
-
-
-
-
-
-		 2024
2023
£
£
1,869
253
9,238
11,246
11,107
11,499
4,721
4,038
-
-
15,828
15,537
Total Funds

Page 25

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

10. Funds

10(a) Unrestricted Funds

10(a) Unrestricted Funds
General
Hall
Music
Flower (Trading)		 Balance at
1 January		 Incoming
Resources		 Resources
Expended		 Net Transfers
Balance at
31 December
103,049
(9,771)
940
2,831
97,049		 255,824
13,141
390
4,525
273,880		 (218,599)
(19,087)
(370)
(3,339)
(241,395)		 37,225
(5,946)
20
1,186
32,485		 (647)
139,627
-
(15,717)
-
960
(799)
3,218
(1,446)
128,088

For administrative and monitoring purposes the PCC has designated its unrestricted funds into four funds:

Page 26

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

10(b) Restricted Funds

10(b) Restricted Funds
Note
St Nicholas'
St Nicholas' Churchyard Fund Income
St Nicholas' Path
Total St Nicholas'
St Saviour's
St Saviour's AV2 system
Walker Munro Fund Income
Total St Saviour's
Brockcare
General
Christmas Lunch
Holidays at Home
Total Brockcare
Other
Charities
4
Fabric
Flower Pot
Harding Fund Income
Hardship Fund
4
Total other restricted funds
Total restricted funds		 Note Balance at
1 January		 Incoming
Resources		 Resources
Expended		 Net Transfers
Balance at
31 December
1,192
1,470
14,085
16,747
-
24,865
560
25,425
(221)
1,361
540
1,680
862
2,858
-
5,322
200
9,242
53,094		 -
1,753
2,921
4,674
-
9
454
463
335
620
810
1,765
6,575
5
339
301
-
7,220
14,122		 (1,595)
(275)
(19,077)
(20,947)
(1,251)
(4,029)
(360)
(5,640)
(10)
(240)
(767)
(1,017)
(6,960)
(1,050)
(1,138)
(105)
-
(9,253)
(36,857)		 (1,595)
1,478
(16,156)
(16,273)
(1,251)
(4,020)
94
(5,177)
325
380
43
748
(385)
(1,045)
(799)
196
-
(2,033)
(22,735)		 403
-
(2,476)
472
2,074
3
1
475
1,251
-
-
20,845
(654)
-
597
20,845
-
104
-
1,741
-
583
-
2,428
49
526
-
1,813
799
-
-
5,518
-
200
848
8,057
1,446
31,805

There are a number of restricted funds that account for money donated for specific purposes. In 2024 these funds accounted for income of £14,122 and expenditure of £36,857. These funds include the St Saviour’s AV2 Fund which has capitalised assets that were depreciated by £4,029 in 2024.

Specific points regarding each fund are:

Page 27

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

Page 28

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

10 (c) Endowment Funds

Note
St Nicholas' Churchyard
Walker Munro
Harding		 Balance at
1 January
Restated
63,161
16,342
10,851
90,354		 Incoming
Resources
-
-
-
-		 Resources
Expended
-
-
-
-		 Investment
Gains
1,446
374
248
2,068		 Transfers
Balance at
31 December
-
64,607
-
16,716
-
11,099
-
92,422

The Endowment Funds comprise

11. Fixed Assets

St
Cost or valuation
At beginning of the year
Additions at cost
At end of the year
Depreciation
At beginning of the year
Charge for the year
At end of the year
Net book value
At beginning of the year
At end of the year		 Saviour's AV2
£
20,144
-
20,144
5,707
4,029
9,736
14,437
10,408

Page 29

Brockenhurst Parochial Church Council – Annual Report for the year ended 31 December 2024

12. Retirement and Post-Employment Benefits

Brockenhurst PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

  3. a. a deferred annuity section known as Pension Builder Classic, and,

  4. b. a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which 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 factors. 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 a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2024: £1,758, 2023: £1,780).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2025, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2024. There is no requirement for deficit payments at the current time.

The next valuation is due as at 31 December 2025.

For the Pension Builder 2014 section, the valuation 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, Brockenhurst PCC could become responsible for paying a share of the failed employer’s pension liabilities.

Page 30