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← The Parochial Church Council Of The Ecclesiastical Parish Of Plas Newton St. Michael

2024-12-31-accounts

The Charity Registration Number is :- 1131910

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Report and Accounts

31 December 2024

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Report and accounts for the year ended 31 December 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 6
Independent Examiner's Report 7
Funds Statements:-
Statement of Financial Activities 9
Statement of Financial Activities - Prior Year statement 10
Movements in funds 12
Balance sheet 13
Notes to the accounts 14

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

The Trustees present their Report and Accounts for the year ended 31 December 2024.

Reference and administrative details

The charity name.

The legal name of the charity is:- PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL.

The charity is also known by its operating name, ST MICHAEL'S PCC, PLAS NEWTON.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1131910.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as an unincorporated charity, established under Parochial Church Councils (Powers) Measure 1956 and Church Representation Rules.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The principal operating address, telephone number, email and web addresses of the charity are:-

Devon Road Newton, Chester, CH2 2PX Telephone 01244315129

Email Address office@stmichaelschester.com Web address www.stmichaelschester.com

The Trustees in office on the date the report was approved were:-

Rebekah Joy Benson Jessica Coates (appointed 22nd April 2024) Anne Margaret de Reybekill Andrew Richard Evans Alison Frances Gibbons Hiyasmin Ledi Mattison (appointed 22nd April 2024) Stephen McKew Ruth Margaret McKew Jennie Prince (appointed 8th October 2024) Stephen Powell William John Stockdale Anne Gillian Stockdale Derek Armstrong Taylor Andrew David Thorne Benjamin Toan (appointed to a casual vacancy 22nd May 2024) Peter John Webster

1

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

The following persons served as Trustees during the year ended 31 December 2024 :-

In addition to the above trustees the following trustees served during the period covered by this report but resigned or retired before the approval of this report:

Peter John Raglan Caldwell (retired 22nd April 2024)

Alan Charles Gray (retired 22nd April 2024)

Matthew Hilsden (appointed to a casual vacancy 22nd May 2024, resigned 25th February 2025)

Philip Leslie Roberts (retired 22nd April 2024, resigned as Treasurer, 30th January 2025)

Martin Smith (retired 22nd April 2024)

The trustees of the charity are the members of the Parochial Church Council. Their appointments and terms of office are in accordance with the church Representation Rules of the Church of England.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

As a Parochial Church Council the charity's governing document is the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules of the Church of England. Our charitable purpose is "promoting in the ecclesiastical parish the whole mission of the Church."

Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts:

St Michael’s pattern of Sunday Worship continued throughout 2023, with support from retired ministers and other licenced celebrants provided by the Diocese of Chester, with Holy Communion at 8.00 am on alternate weeks, followed by a more informal 10.00am service with Holy Communion on alternate weeks, groups covering the ages 3-16 most weeks, and an all-age service approximately monthly.

In addition we held well-attended services for the major Christian festivals of Christmas and Easter, and a successful residential church weekend away at Cloverley Hall.

We continued an active youth and children’s ministry across all age groups with a weekly Friday night group for 11-18 year olds, a weekly Sunday night group for 14-18 year olds, monthly “2-to-6” group is now called Friday@5 for ages 7-11, a weekly stay and play group (Little Tykes) and summer holiday activities for children. Many of our young people continued to attend inter-church activities such as YouthX and Merseyside Christian Youth Camps, and we were active in supporting Chester Schools’ Christian Work.

St Michael’s continued community outreach in 2024 through the work of our Kingsway Café, monthly “Meet and Eat” events, donations to other local charities, and pastoral and practical support to individuals and families in need.

Globally we continued to support Christian mission in the UK and overseas financially and in prayer.

2024 also saw the arrival of Rev’d Jennie Prince as the new vicar of St Michael’s; alongside our Church Wardens and PCC she will be reviewing various aspects of our ministry in 2025.

2

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

Regard to Public Benefit

In carrying out our activities during the period covered by this report the trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Grant Making

The charity has made a variety of grants in line with our charitable objects to other UK registered charities. All grants have been approved by the trustees.

Volunteers

The work of the charity is largely dependent on volunteers, who contribute many thousands of hours to help us achieve our charitable objectives each year. With the support of the Diocese of Chester and the wider Church of England, we have continued to offer a wide range of training and development opportunities to volunteers in 2024 including First Aid training, and safeguarding training.

Safeguarding

The PCC has complied with the requirements imposed by the Church of England under section 5A of the Safeguarding and Clergy Discipline Measure 2016.

Achievements and Performance

St Michael’s has achieved the key goals set for the year by the trustees including the smooth running of the regular activities of the church during our period of vacancy maintaining or increasing numbers at most of our regular activities, the successful appointment of a new vicar, the maintenance and improvement of the building, and continued partnerships with a range of statutory, commercial and voluntary organisations in our community in furtherance of our charitable objectives.

3

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

As a Parochial Church Council our procedures for appointing charity trustees are those set out in the charity's governing document - the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules of the Church of England.

Bankers CAF Bank Ltd, 25 Kings Hill, West Malling, Kent, ME19 4JQ Solicitors Cullimore Dutton Solicitors, White Friars, Chester, CH1 1XS Accountants KBH Accountants Ltd, 255 Poulton Road, Wallasey, CH44 4BT Financial review

The charity's financial position at the end of the year ended 31 December 2024

The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Revenue Funds
Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net income		 2024
£
991
295,453
-
295,453		 2023
£
(11,769)
294,242
220
294,462

4

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

Financial review of the position at the reporting date, 31 December 2024 .

Financial review of the position at the reporting date, 31 December 2024

The overall financial position of the church was largely unchanged in 2024, with total charity funds at £295,453 at the end of the period (2023: £294,462). Net current assets (our liquid reserves) were £98,474 (20923: £98,965).

Donations and legacies increased year on year from £169,915 (2023) to £177,579 (2024), largely due to a single legacy donation of £20,000. Income from charitable activities (large comprising the turnover of the Kingsway Cafe) also increased in 2024 to £83,403 (2023: £73,887).

There remain ongoing challenges related to reductions in regular donations which fell from £165,988 (2023) to £158,928 (2024). These challenges need to be addressed through increases in one-off gifts (as has happened regularly over the past five or more years), reductions in expenditure or, ideally, by an increase in regular giving. The PCC has plans to discuss these issues in detail during 2025.

Expenditure also increased in 2024 to £283,846 (2023: £275,435) mostly due to increases in staff costs which rose from £65,036 (2023) to £74,571 (2024). The number of staff rose from five to eight, though the number of Full Time Equivalent staff employed by the church remains at three. The single largest item of expenditure remains our parish share which was £75,344 (2023: £71,757).

Work was completed on the room at the end of the church hall ('the garden room'). As the premises are owned by the Diocese this expenditure is categorised as revenue rather than capital.

5

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

Policies on reserves.

ln line with guidance from the Church of England it is the policy of St Michael's to hold reserves and to disclose its reserves policy which is reviewed and approved by the PCC on a regular basis. For operational purposes we take these reserves to be net current assets, as these are realisable within one month.

Restricted funds and their reserves cannot be used to support the activities of other funds. ln contrast, General Fund reserves may be used to support any of the PCC's activities.

Our reserves policy is to hold sufficient reserves in the General Fund to cover the following costs, where they are not covered by the amounts in the relevant restricted fund:

Any General Fund reserves over the maximum may be invested by the PCC for longer term strategic planning, growth and development such as, but not limited to:

a) Funding of building and fabric initiatives.

b) Funding of future staff to work in the paid ministries of St Michaels.

c) Funding the purchase of staff accommodation.

At the end of 2024 the minimum General Fund cash reserves required was £14,255.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Libby Higgins

Member of Chartered Certified Accountant 255 Poulton Road Wallasey Merseyside CH44 4BT

6

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Trustees' Annual Report for the year ended 31 December 2024

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 24 March 2025.

Rev’d Jennie Prince – Vicar of St Michael’s and Chair of the PCC

7

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2024

I report to the Trustees on my examination of the financial statements of the charity on pages 9 to 31 for the year ended 31 December 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 14.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 6, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

Since the charity's gross income exceeded £250,000, the charity's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of Chartered Certified Accountant, which is one of the listed bodies.

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

8

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The gross income of the charity in the year ended 31 December 2024 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Chartered Certified Accountant;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Libby Higgins - Independent Examiner

Chartered Certified Accountant

255 Poulton Road Wallasey Merseyside CH44 4BT

This report was signed on 24 March 2025

9

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL - Statement of Financial Activities for the year ended 31 December 2024

Statement of Financial Activities for the year ended 31 December 2024

Current year
Unrestricted
Funds
2024
£
Income & Endowments from:
Donations & Legacies
A1
170,409
Charitable activities
A2
83,403
Investments
A4
23,855
Total income
A
277,667
Expenditure on:
Raising funds
B1
81
Charitable activities
B2
274,720
Total expenditure
B
274,801
Net income for the year
2,866
Transfers between funds
C
(1,655)
Net income after transfers
A-B-C
1,211
1,211
Reconciliation of funds:-
E
Total funds brought forward
294,242
Total funds carried forward
295,453
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2024
£
7,170
-
-
7,170
-
9,045
9,045
(1,875)
1,655
(220)
(220)
220
-		 Current year
Total Funds
2024
£
177,579
83,403
23,855
284,837
81
283,765
283,846
991
-
991
991
294,462
295,453		 Prior Year
Total Funds
2023
£
166,915
73,887
22,864
263,666
79
275,356
275,435
(11,769)
-
(11,769)
(11,769)
306,231
294,462

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 14 to 31 form an integral part of these accounts.

10

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL - Statement of Financial Activities for the year ended 31 December 2024

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Investments
A4
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Total expenditure
B
Net income for the year
Transfers between funds
C
Net income after transfers
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref		 Prior Year
Unrestricted
Funds
2023
£
159,865
73,887
22,864
256,616
79
265,614
265,693
(9,077)
(2,692)
(11,769)
(11,769)
306,011
294,242

 Prior Year
Restricted
Funds
2023
£
7,050
-
-
7,050
-
9,742
9,742
(2,692)
2,692
-
-
220
220		 Prior Year
Total Funds
2023
£
166,915
73,887
22,864
263,666
79
275,356
275,435
(11,769)
-
(11,769)
(11,769)
306,231
294,462

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

The notes attached on pages 14 to 31 form an integral part of these accounts.

11

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL - Statement of Financial Activities for the year ended 31 December 2024

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL - Resources applied in the year ended 31 December 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2024
£
991
(4,889)
-
(3,898)		 2023
£
(11,769)
5,263
-
(6,506)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 14 to 31 form an integral part of these accounts.

12

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL - Statement of Financial Activities for the year ended 31 December 2024

Movements in revenue and capital funds for the year ended 31 December 2024

Revenue accumulated funds

Unrestricted
Funds
2024
£
Accumulated funds brought forward
294,242
2,866
297,108
(From)/To unrestricted revenue funds
(1,655)
Closing revenue funds
295,453
Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
295,453
Recognised gains and losses before
transfers		 Restricted
Funds
2024
£
220
(1,875)
(1,655)
1,655
-
Restricted
Funds
2024
£
-		 Total
Funds
2024
£
294,462
991
295,453
-
295,453
Total
Funds
2024
£
295,453		 Last year
Total Funds
2023
£
306,231
(11,769)
294,462
-
294,462
Last Year
Total Funds
2023
£
294,462

The notes attached on pages 14 to 31 form an integral part of these accounts.

13

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL -

Note
SORP
Ref
Fixed assets
A
Tangible assets
11
A2
Total fixed assets
Current assets
B
Debtors
12
B2
Investments held as current assets
13
B3
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within
one year
14
C1
Net current assets
The total net assets of the charity
2024
£
196,979
196,979
7,742
81,776
16,497
106,015
(7,541)
98,474
295,453		 2023
£
195,497
195,497
4,738
41,512
63,085
109,335
(10,370)
98,965
294,462
Restricted funds
Restricted Revenue Funds
18
D2
-
Unrestricted Funds
Unrestricted Revenue Funds
18
D3
295,453
Total charity funds
The total net assets of the charity are funded by the funds of the		 220
-
294,242
295,453
295,453
charity, as follows:-		 220
294,242
294,462

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Rev’d Jennie Prince – Vicar of St Michael’s and Chair of the PCC

Approved by the board of trustees on 24 March 2025

The notes attached on pages 14 to 31 form an integral part of these accounts.

14

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent only on voluntary donations and rental trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2022, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Dividends are accrued when the shareholder’s right to receive payment is established.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

15

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.

If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities

Donated goods, facilities and services

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.

The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock. When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations'. Goods donated for resale are included in 'Income from other trading activities'

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.

Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.

All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.

16

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises 0 % straight line Plant and machinery 25 % straight line

A regular annual review of the likelihood of asset impairment is undertaken.

No depreciation is provided on freehold property and improvements because it is the practice to maintain the property in a continual state of sound repair. Accordingly, the life is so long and the residual value so high that the Trustees consider that depreciation calculated in accordance with accepted accounting standards would be immaterial.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications of such matters.

17

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

5 Net surplus before tax in the financial year

es to the Accounts for the year ended 31 December 2024
Net surplus before tax in the financial year
2024 2023
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 3,407 2,185
Pension costs 733 1,021

6 The contribution of volunteers

The parish relies on the support of its volunteers, without which it could not operate. The individual reports detailed above highlight the work done in Sunday Services, Teaching youth and young people, Staffing the church café, Running midweeks groups and Maintaining the fabric and buildings. In addition volunteers are responsible for the administrative tasks such as Liaison with our mission partners, Safeguarding and Completing statutory requirements. The amount of time given by volunteers is impossible to value precisely in monetary terms and as such has not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

7 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all staff
Employer's operating costs of defined
contribution pension schemes
Total salaries, wages and related costs
The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was		 2024
£
73,838
-
733
74,571
8
1
3		 2023
£
63,895
120
1,021
65,036
5
1
3

The estimated equivalent number of full time staff deployed in different activities in the year was:-

Engaged on charitable activities
Engaged on management and administration
The estimated full time equivalent number of all staff employed as above
Remuneration and payments to Trustees and persons connected with them
Thomas Evans (Son of Mr A.Evans)
Mrs F Wynn-Evans - Chidrens Worker (Wife of
Mr. A.Evans)
Total remuneration		 2
1
3
2024
£
831
9,093
9,924		 2
1
3
2023
£
-
2,920
2,920

18

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024
9
Trustees' expenses
The amount reimbursed to trustees
10 Deferred income - Unrestricted and Designated funds
Current Year
Opening
Released
Deferrals
from prior
years
£
£
Garden fund
920
920
Children and Families Work - Cinnamon Network
2,000
Creative Lives
588
Creative Arts
573
Grant for the recruitment of a young worker
500
-
Total
4,582
920
These deferrals are included in creditors
The nature of the trustees' expenses was :- Phone, travelling and professional development		 2024
£
-
-
Received
less released
in year
£
-
2024
£
3,661		 2023
£
1,965
1,965
Deferred
at year end
£
-
2,000
588
573
500
3,661
2023
£
4,582

The deferrals included in creditors relate to funding specified by the funders as relating to specific periods and represent those parts of unrestricted funds which relate to periods subsequent to the accounting year end and are treated as grants in advance, or, alternatively, where there are conditions which must be fulfilled prior to entitlement or use of the unrestricted funds by the charity.

19

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

11 Tangible fixed assets

Current Year
Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Prior Year
Cost
01 January 2023
Additions
Disposals
01 January 2024
Depreciation
01 January 2023
Charge for the year
On disposals
01 January 2024
Net book value
01 January 2024
01 January 2023
Debtors
Prepayments and accrued income		 Land and
Buildings
£
192,500
-
192,500
-
-
-
-
192,500
192,500
Land and
Buildings
£
192,500
-
-
192,500
-
-
-
-
192,500
192,500		 Equipment
£
74,449
4,889
79,338
71,452
3,407
-
74,859
4,479
2,997
Equipment
£
79,712
-
(5,263)
74,449
74,530
2,185
(5,263)
71,452
2,997
5,182		 Motor
Vehicles
£
-
-
-
-
-
-
-
-
-
Motor
Vehicles
£
-
-
-
-
-
-
-
-
-
-
2024
£
7,742		 Total
£
266,949
4,889
271,838
71,452
3,407
-
74,859
196,979
195,497
Total
£
272,212
-
(5,263)
266,949
74,530
2,185
(5,263)
71,452
195,497
197,682
2023
£
4,738

12 Debtors

20

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

13
Investments held as current assets at market value at 31 December 2024
Cash on deposit - more than 3 months notice
14 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
15 Income and Expenditure account summary
At 1 January 2024
(Deficit)/Surplus after tax for the year
At 31 December 2024		 2024
£
81,776
81,776
2024
£
1,092
1,200
3,661
613
975
7,541
2024
£
294,462
991
295,453		 2023
£
41,512
41,512
2023
£
2,304
1,320
4,582
595
1,569
10,370
2023
£
306,231
(11,769)
294,462

16 Related party transactions

The son of Rev Chris Jones is an owner of SJ Groundscare to whom the Charity paid £3,700 in 2023 for work in the garden and for whom Rev Chris Jones works part time.

17 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 January 2024
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
funds
£
196,979
106,015
(7,541)
295,453
Unrestricted
funds
£
195,497
109,115
(10,370)
294,242		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
220
-
220		 Total
Funds
£
196,979
106,015
(7,541)
295,453
Total
Funds
£
195,497
109,335
(10,370)
294,462

21

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

18 Change in total funds over the year as shown in Note 17 , analysed by individual funds

Funds brought
forward from
2023
Movement in
funds in 2024
See Note 19
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
294,242
2,866
Total unrestricted and designated funds
294,242
2,866
Restricted funds:-
Youth Camp Fund
220
(225)
Mission Fund
-
(1,650)
Total restricted funds
220
(1,875)
Total charity funds
294,462
991
19 Analysis of movements in funds over the year as shown in Note 18
Income
Expenditure
2024
2024
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
277,667
(274,801)
Restricted funds:-
Youth Camp Fund
(225)
Mission Fund
7,170
(8,820)
284,837
(283,846)		 £
(1,655)
(1,655)
5
1,650
1,655
-
Other
Gains &
Losses
2024
£
-
-
-
-
Transfers
between
funds in 2024		 Funds carried
forward to
2025
£
295,453
295,453
-
-
-
295,453
Movement
in funds
2024
£
2,866
(225)
(1,650)
991

22

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Notes to the Accounts for the year ended 31 December 2024

20 The purposes for which the funds as

Unrestricted and designated funds:-

These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use. The Curate's House fund is to provide a house for a curate. Any surplus funds will be transferred to to the general funds of the PCC. Garden Fund to provide an outdoor shelter for children’s work in the Church Garden. Designated Revenue Funds

Children and Youth Work Grants Fund - Grants received in 2021 and 2023 from Creative Lives, Cinnamon Network and CWaC for art projects with Children and Youth in the church and parish.

Restricted funds:-

The Youth Camp Fund was initiated in 2021 to provide funding to assist our young people to attend residential Christian Camps during the Youth Camp Fund summer. The Mission fund was set up to support mission activities and partners serving outside St. Michael's Church, either in this country or outside the U.K. In the event of having more funds than required to support any Mission Fund individual mission partner, any excess funds will be used to support the mission activities of St. Michael's. This will not be for the general use of the PCC

21 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity has unlimited joint and several liability for the debts of the charity.

23

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

22 Donations, Grants and Legacies

----- Start of picture text -----
|||||| |---|---|---|---|---| |Current year|Current year|Current year|Prior Year| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds| |2024|2024|2024|2023| |£|£|£|£| |Donations and gifts from individuals| |Small donations individually less than £1000|4,325|120|4,445|6,135| |Refunds from HMRC on gift aided donations|28,157|1,290|29,447|30,834| |Gift Aided donations| |105,079|5,160|110,239|109,839| |Non Gift Aid donations| |-| |10,051|10,051|10,992| |Open Plate donations|-| |1,297|1,297|1,438| |Stewardship/CAF| |1,500|600|2,100|6,750| |Anonymous donation|-|-|-|-| |Total donations and gifts from| |150,409|7,170|157,579|165,988| |individuals|

----- End of picture text -----

All the donations and gifts in the prior year were unrestricted.

Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analysis

----- Start of picture text -----
||||| |---|---|---|---| |Prior Year|Prior Year|Prior Year| |Unrestricted|Restricted|Total Funds| |Funds|Funds| |2023|2023|2023| |£|£|£| |Prior year|158,938|7,050|165,988|

----- End of picture text -----

24

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

----- Start of picture text -----
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Legacies receivable
Prefer not to be named 20,000 - 20,000 -
Total legacies receivable 20,000 - 20,000 -
Legacies receivable - Prior Year analysis
Prior Year Prior Year Prior Year
Unrestricted Restricted
Total Funds
Funds Funds
2023 2023 2023
£ £ £
- - -
Prior year
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Revenue grants and donations from non
public bodies
SAS - Building on Recovery - - - 927
Total private sector revenue grants - - - 927
Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior
Year analysis
Prior Year Prior Year Prior Year
Unrestricted Restricted
Total Funds
Funds Funds
2023 2023 2023
£ £ £
Prior Year 927 - 927
Total Donations, Grants and Legacies
Total Donations, Grants and
A1 170,409 7,170 177,579 166,915
Legacies
Unrestricted Restricted Prior Year
Prior year Funds Funds Total Funds
2023 2023 2023
£ £ £
Total Donations, Grants and
A1 159,865 7,050 166,915
Legacies
----- End of picture text -----

25

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

23 Income from charitable activities - Trading Activities

Current year
Primary purpose and ancillary trading
24
Current year
Total income from charitable trading
Total from charitable activities
A2
25 Investment income
Property Rental Income
Bank Interest Receivable
Total investment income
A4
Total Income from charitable activities
Total Primary purpose and ancillary
trading
Other charitable activities
Ancillary trading in support of charitable
objects		 Current year
Unrestricted
Funds
2024
£
72,952
10,451
83,403
Current year
Unrestricted
Funds
2024
£
83,403
83,403
Current year
Unrestricted
Funds
2024
£
20,625
3,230
23,855		 Current year
Restricted
Funds
2024
£
-
-
-
Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
72,952
10,451
83,403
Current year
Total Funds
2024
£
83,403
83,403
Current year
Total Funds
2024
£
20,625
3,230
23,855		 Prior Year
Total funds
2023
£
64,801
9,086
73,887
Prior Year
Total Funds
2023
£
73,887
73,887
Prior Year
Total Funds
2023
£
20,125
2,739
22,864

26

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

26 Expenditure on charitable activities - Direct spending

Current Year
Defined contribution pension
costs - charitable activities
Total direct spending
B2a
Prior Year
Contribution to Deanery Synod
Total direct spending
B2a
Vicar and vicarage costs
Services, midweek groups and local
Curate and curate's House costs
Curate and curate's House costs
Services, midweek groups and local
Vicar and vicarage costs
Employers' NI - Charitable activities
Employers' NI - Charitable activities
Children & Youth resourses
Gross wages and salaries - charitable
activities
Diocesan parish share
House party costs
Gross wages and salaries - charitable
activities
Diocesan parish share
Defined contribution pension costs -
charitable activities
Children & Youth resourses
Contribution to Deanery Synod
House party costs		 Current year
Unrestricted
Funds
2024
£
18,354
-
-
75,344
4,497
652
3,385
10,207
2,602
-
115,041
Prior Year
Unrestricted
Funds
2023
£
15,564
67
324
71,757
2,310
2,739
2,602
10,663
2,766
100
108,892		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
225
-
-
-
225
Prior Year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
18,354
-
-
75,344
4,497
652
3,610
10,207
2,602
-
115,266
Prior Year
Total Funds
2023
£
15,564
67
324
71,757
2,310
2,739
2,602
10,663
2,766
100
108,892		 Prior Year
Total Funds
2023
£
15,564
67
324
71,757
2,310
2,739
2,602
10,663
2,766
100
108,892

27

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

27 Expenditure on charitable activities - Charitable trading

Current Year
Total charitable trading costs
B2b
Prior Year
Total charitable trading costs
B2b
Costs of ancillary trading to benefit
beneficiaries - Including movement in
stock for ancillary trading
Defined contribution pension costs -
charitable trading activities
Rental management charges
Other trading costs incl.rent
Gross wages and salaries - charitable
trading activities
Defined contribution pension costs -
charitable trading activities
Employers' NI - charitable trading
activities
Rental management charges
Costs of ancillary trading to benefit
beneficiaries - Including movement in
Gross wages and salaries - charitable
trading activities
Other trading costs incl.rent
Employers' NI - charitable trading
activities		 Current year
Unrestricted
Funds
2024
£
23,103
32,997
-
733
24,757
1,515
83,105
Prior Year
Unrestricted
Funds
2023
£
23,087
27,781
53
697
24,995
1,660
78,273		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
Prior Year
Restricted
Funds
2023
£
-
-
-
-
-
-
-		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
23,103
23,087
32,997
27,781
-
53
733
697
24,757
24,995
1,515
1,660
83,105
78,273
Prior Year
Total Funds
2023
£
23,087
27,781
53
697
24,995
1,660
78,273

28

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

28 Expenditure on charitable activities- Grant funding of activities

Current Year
Total grantmaking costs
B2c
Prior Year
Total grantmaking costs
B2c
Local mission
Local mission
Travel expenses - mission
Mission in the UK
Mission overseas
Mission overseas
Mission in the UK
Travel expenses - mission		 Current year
Unrestricted
Funds
2024
£
12,620
-
10,650
468
23,738
Prior Year
Unrestricted
Funds
2023
£
13,143
-
10,500
167
23,810		 Current year
Restricted
Funds
2024
£
2,820
3,000
3,000
-
8,820
Prior Year
Restricted
Funds
2023
£
5,542
3,000
1,200
-
9,742		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
15,440
18,685
3,000
3,000
13,650
11,700
468
167
32,558
33,552
Prior Year
Total Funds
2023
£
18,685
3,000
11,700
167
33,552

29

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

29
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
Employee costs not included in direct costs
16,982
-
5,505
-
Volunteer costs
500
-
Premises Expenses
1,056
-
5,793
-
335
-
-
-
12,135
-
1,280
-
Administrative overheads
415
-
94
-
438
-
1,011
-
1,100
-
120
-
983
-
Professional fees paid to advisors other than the auditor or examiner
270
-
137
-
Financial costs
75
-
3,407
-
Support costs before reallocation
51,636
-
Total support costs - Current Year
51,636
-
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
Depreciation & Amortisation in total for
Software licences and hardware
Other salaries
Membership, subscriptions
Licences & Permits
Telephone, fax and internet
Training and welfare - volunteers
Support costs for charitable activities
Stationery and printing
Salaries - Administrative staff
Postage
Cleaning and waste management
Other Premises Costs
Property insurance
Light heat and power
Church sundries including flowers
Bank charges
Accountancy fees other than
examination or audit fees
Management charges
Rates and water charges
Equipment,repairs,expenses and maintenance		 Current year
Total Funds
2024
£
16,982
5,505
500
1,056
5,793
335
-
12,135
1,280
415
94
438
1,011
1,100
120
983
270
137
75
3,407
51,636
51,636		 Prior Year
Total Funds
2023
£
15,552
4,998
-
710
7,030
321
71
16,120
1,240
388
124
222
1,231
1,339
89
974
360
238
67
2,185
53,259
53,259
-
-

30

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

30 Other Expenditure - Governance costs

Current Year
Independent Examiner's fees
Total Governance costs		 Current year
Unrestricted
Funds
2024
£
1,200
1,200		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
1,200
1,200		 Prior Year
Total Funds
2023
£
1,380
1,380

All the expenditure in the prior year was unrestricted.

31 Total Charitable expenditure

Current Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2024
£
115,041
83,105
23,738
51,636
1,200
274,720		 Current year
Restricted
Funds
2024
£
225
-
8,820
-
-
9,045		 Current year
Total Funds
2024
£
115,266
83,105
32,558
51,636
1,200
283,765		 Prior Year
Total Funds
2023
£
108,892
78,273
33,552
53,259
1,380
275,356
Prior Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Prior Year
Unrestricted
Funds
2023
£
108,892
78,273
23,810
53,259
1,380
265,614		 Prior Year
Prior Year
Restricted
Funds
Total Funds
2023
2023
£
£
-
108,892
-
78,273
9,742
33,552
-
53,259
-
1,380
9,742
275,356

31

PCC OF THE ECCLESIASTICAL PARISH OF PLAS NEWTON ST. MICHAEL

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

32 Expenditure on raising funds and costs of investment management

Current Year
Cost of fundraising activities
Total fundraising costs
B1		 Current year
Unrestricted
Funds
2024
£
81
81		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
81
79
81
79

All the expenditure in the prior year was unrestricted.

32