## **Bursledon Parish The Church Office, St. Paul’s Church, Chamberlayne Road, Bursledon, SO31 8DT**
## **Annual Report and Financial Statements of the Parochial Church Council For the Year Ended 31 December 2024**
## **Priest in Charge**
**Bank**
## **Independent Examiner**
Rev John Pawson The Vicarage, School Road Bursledon SO31 8BW
Lloyds Bank
Knight Goodhead Limited 7 Bournemouth Road Chandlers Ford Eastleigh SO53 3DA
Accounts for the Year Ended 31[st] December 2024
The Parochial Church Council of the Parish of Bursledon
## **Registered Charity Number 1132121 ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON FOR THE YEAR ENDED 31[ST] DECEMBER 2024**
## **Administrative information**
Bursledon Parish is part of the Diocese of Winchester within the Church of England and has two Church buildings – St Leonard’s in Church Lane and St. Paul’s in Chamberlayne Road. The correspondence address is The Church Office, St. Paul’s Church, Chamberlayne Road, Bursledon, SO31 8DT.
The Parochial Church Council (PCC) is a charity registered with the Charity Commission Number 1132121.
PCC members who have served from 1st January 2024 until the annual meeting in April 2025 were:
**----- Start of picture text -----**
Names Notes From To
Incumbent
The Reverend
Chairman 12 July 2018
John Pawson
Wardens
Linda Burt Deputy Co-Chair APCM 2018
Bernadette Taylor Deputy Co-Chair APCM 2022 2025
Deanery Synod Representatives (Specific 3-year term – currently 2023 – 2026)
Scott Neale APCM 2023 2026
Robert Sanders APCM 2023 2026
Elected PCC Members (12 allowed)
Diane Anderson APCM 2024 2027
Jennie Bentley APCM 2024 2027
Jackie Bevis APCM 2024 2027
Rhiannon Brook APCM 2024 2027
Nick Hiscock APCM 2024 2027
Andrew Milchard APCM 2024 2027
Sarah Nisbet APCM 2024 2027
Hilary Bax APCM 2023 2026
Emily McColm Resigned APCM 2023 APCM 2025
Rachel Oliver APCM 2023 2026
John Plain APCM 2022 2025
Lynne Watts APCM 2022 2025
**----- End of picture text -----**
PCC Treasurer: Rachel Oliver
PCC Secretary:
Vacant
Ros Plain retired July’24
Staff Team: Licensed Lay Minister: Peter Taylor Administrator: Diane Anderson Churchwarden: Linda Burt
Children, Youth & Families Worker (CYF): Suzanne Houston Youth Worker: Alice Street Churchwarden: Bernadette Taylor
1
Accounts for the Year Ended 31[st] December 2024
The Parochial Church Council of the Parish of Bursledon
## **Structure, Governance and Management**
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and to consider standing for election to the PCC.
The full PCC hold a minimum of 6 business meetings each year. Committees met between meetings and deliberations were reported to the PCC in written form or delivered verbally for discussion where necessary. Some committee meetings were held remotely, using Zoom, but PCC meetings in person.
## **Objectives and Activities**
Bursledon PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical (see details in reports below and APCM Reports Booklet). It also has maintenance responsibilities for the two church buildings.
## **Achievements and Performance**
## **Church attendance**
Across the year the **average** Sunday attendance was approx. 87 adults and 14 children. As usual this number increased at festivals and for events such as Baptisms, Remembrance and Christingles.
2025 is a year when a new Electoral Roll is created. It is renewed every 6 years which means everyone comes off the register and has to re-apply. At 2 April 2024 there were 179 people on the Roll
Registration was open between 17 February & 31 March 2025. The new roll will be available from 3[rd] April 2025 and will be displayed at both churches and on our website. At 1 April 2025 the Electoral Roll consists of 126 people.
Application Forms to join the Electoral Role are available from St Leonard’s & St Paul’s Church and from our website. https://bursledonparish.org/church-life/apcm/
## **Review of the year**
In 2024 we have continued to make progress in many of our ministries, and as Sunday attendance continues to rise slowly our services are full of joy, faith and hope. We remain extremely grateful to all those who serve in our many volunteer teams to ensure that our worship, fellowship and outreach is alive with the love and welcome of Jesus.
Projects that have been particularly noteworthy this year and reflect considerable work input are;
The launch of the Early Intervention (TLG) programme, which is a coaching initiative aimed at supporting vulnerable or struggling children in our Junior school, with volunteer coaches from within the church family.
A complete overhaul of our Safeguarding systems in line with the Winchester Diocese and Church of England’s best practice. This will continue to be a focus for our efforts, and we are very grateful for the support and cooperation of all our volunteers in recognising the importance of the greater levels of scrutiny and attention to detail as we continue to rely on the goodwill and hard work of every volunteer.
Solar Panel Installation at St Paul’s church – the PCC saw the opportunity both to reduce our carbon footprint and to reduce our long-term energy costs. In April 2024 the solar panels were installed costing around £30,000 incl. VAT – an amount we expect to claw back in reduced electricity bills, within 7-9 years, while the system should operate well for at least 20 years.
Organ Refurbishment at St Leonards Church costing approx. £25,000 is nearing completion as I write in March’25. The parish has been very active in fundraising, and with the assistance of many donations – large and small - we have raised most of the funds needed to complete this project.
Make Lunch (Holiday Hunger ministry - TLG) – we started this ministry in Feb 2020 and one lady came with her daughter – by the end of 2024 we were seeing 25-30 (adults + children) in the family room, and a second room for adults in the community, attracting another dozen or so neighbours. A real testament to the commitment, resilience and warm welcome of the Make Lunch team.
It has been another exciting year in our Children, Youth and Families (CYF) ministries, with Messy Church being particularly well attended throughout the year, supplemented by joyful Holiday Club and Light Party events. Secondary aged youth have benefitted from our regular Youth groups on Sundays and mid-week, plus opportunities for residential times away focussed on growing in faith and having fun together.
It has been a real joy to see the Youth Band growing in confidence and competence as they play regularly at All-Age services at St Pauls. And a similar blessing as young people have stepped into ‘young-leader’ roles
2
Accounts for the Year Ended 31[st] December 2024
The Parochial Church Council of the Parish of Bursledon
with our primary-aged groups and events. A lunchtime Christian Union is now firmly embedded on both Weds and Thurs at Hamble school and a similar CU at Bursledon Federation is slowly getting established.
Finally, I would personally like to thank everyone who works with such willingness, joy and dedication, in their service of the Lord and the parish here. Your commitment to the mission is so greatly appreciated.
## **Financial Review**
Total receipts for the year on all funds were **£186,911** . This included restricted donations towards the St Leonards’ Organ Fund of £6,618, and a further £10,000 Legacy received into the St Leonard’s Fabric Fund. Other Income has increased slightly overall (due to interest received), against the previous year.
Expenditure (excluding depreciation) has risen by £17,381 this year. Of which, Church Maintenance costs include: the Initial instalment of £12k for the Organ refurbishment; and approx. £8k for tree maintenance in St Leonard’s Churchyard. Staff salary costs increased by £6.6k - representing a percentage increase roughly inline with inflation.
In total, **£184,134** (excluding depreciation) was spent to provide the Christian ministry throughout the parish and overseas, this includes the contribution of £50,087 to the Common Mission Fund (£5k less than in ’23 – CMF is paid to the Diocese and in the main provides for stipends and housing for the clergy).
The net result for the year 2024 was an operating **Surplus of £2,777** , before the annual depreciation writedown of assets of **£30,624** .
After depreciation, the total fund(s) balance carried forward on 31[st] December 2024 was £696,091 a decrease of £27,847 from the balances brought forward on 1[st] January 2024.
## **Reserves Policy**
At the end of 2024 the following fund balances remain:
**----- Start of picture text -----**
Children, Youth and Families £6,745 Bukedi Closed
Youth Worker – Designated £7,098 St Pauls fabric fund £0
Youth Worker – Restricted £0 St Leonards fabric fund £12,533
Parish Discretionary Fund £280 Transforming Lives for Good £1,319
Organ Fund £12,443 Unrestricted Fund (Reserves) £133,668
**----- End of picture text -----**
The PCC operates the following reserves policy; ‘The PCC will hold a minimum of 4 months of operating costs in Unrestricted Reserves, with the aim of holding 6 months operating costs.’ Our operating costs for 2024, were **£184,134** ; requiring an unrestricted reserve between £61,378 (4 months) and £92,067 (6 months).
Going forward through 2025, Common Mission Fund is confirmed at £48,638 and our Income pretty steady, thanks to the faithful and generous giving of our congregations.
Our salary costs will increase again this year as we stay just above the NLW for most of our employees; though the much-publicised Employers NI increases will not affect us. Other costs continue to rise, but we will also enjoy a full year’s benefit in electricity savings, from the Solar Installation at St Paul’s. The final instalment of the Organ refurbishment project will be due around May, and with the generous donations we’ve received, this should only require a small contribution from unrestricted reserves.
Approved by the PCC on 31 March 2024 and signed on their behalf by John Pawson (Vicar) and Linda Burt (PCC Lay Chair).
……………………………………………………… …………………………………………………………. Rev. John Pawson (Vicar) Linda Burt (PCC Lay Chair)
3
**INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF ST LEONARD'S & ST PAUL'S PCC, BURSLEDON**
I report to the trustees on my examination of the accounts of Parochial Church Council of the Ecclesiastical Parish of Bursledon for the year ended 31 December 2024, which are set out on pages 5 to 15.
## **Responsibilities and basis of report**
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the '2011 Act').
I report in respect of my examination of the trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
(2) the accounts do not accord with those records; or
(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C J Goodhead FCA Knight Goodhead Limited Chartered Accountants 7 Bournemouth Road Chandler's Ford, Eastleigh Hampshire, SO53 3DA
Dated: 01-Apr-2025
4
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|Notes
INCOME
Donations and legacies
3
Charitable activities
3
Investment income
3
Other income
3
**Total income**
EXPENDITURE
Charitable activities
4
**Total expenditure**
**NET INCOME/(EXPENDITURE) BEFORE TRANSFERS**
Transfers between funds
11
**NET MOVEMENT IN FUNDS**
FUND BALANCES AT 1 JANUARY 2024
**FUND BALANCES AT 31 DECEMBER 2024**
11|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
125,579
39,078
164,657
217,788
12,039
452
12,491
11,152
8,883
90
8,973
2,951
715
75
790
127
**147,216**
**39,695**
**186,911**
**232,018**
166,489
48,269
214,758
186,944
**166,489**
**48,269**
**214,758**
**186,944**
**(19,273)**
**(8,574)**
**(27,847)**
**45,074**
5,102
(5,102)
-
-
**(14,171)**
**(13,676)**
**(27,847)**
**45,074**
208,511
515,427
723,938
678,864
**194,340**
**501,751**
**696,091**
**723,938**|
|---|---|
5
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
**BALANCE SHEET AS AT 31 DECEMBER 2024**
**Charity number: 1132121**
|Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: amounts falling
due within one year:
10
NET CURRENT ASSETS
TOTAL ASSESTS LESS CURRENT LIABILITIES
FUNDS
Unrestricted
11
Designated
11
Restricted
11
TOTAL FUNDS|**2024**
**2023**
**£**
**£**
**£**
**£**
522,005
521,330
5,454
2,533
171,017
206,442
176,471
208,975
(2,385)
(6,367)
174,086
202,608
**696,091**
**723,938**
133,668
159,432
60,672
49,079
501,751
515,427
**696,091**
**723,938**|
|---|---|
Signed on behalf of the PCC by:
………………………………………………………….
## **Trustee**
Date:
6
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## 1 ACCOUNTING POLICIES
## (a) Basis of accounting
The financial statements have been prepared in accordance with applicable accounting standards, the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (effective January 2019).
The accounts have been prepared on the going concern basis. There are no material uncertainties about the charity's ability to continue. The charity is a public benefit organisation.
## (b) Fund accounting
General funds represent the funds of the PCC that are not subject to any restrictions as to their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes and the details of the funds held and restrictions are provided in note 11.
## (c) Income
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
## l **Donations and legacies**
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under pledge is recognised only when received.
Income tax recoverable on gift aid donations is recognised when the income is recognised.
Grant and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
## l **Charitable income**
Funds raised from church events are accounted for when receivable.
Income is deferred when received for the purpose of funding missions to be carried out in the future.
## l **Investment income**
Dividends and interest are accounted for when receivable.
## l **Other income**
Other income is accounted for when receivable.
7
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
## 1 ACCOUNTING POLICIES (continued)
## (d) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. It includes any VAT which cannot be fully recovered, and is allocated to the activity for which it relates.
## l **Charitable Activities**
The Diocesan Parish Share is accounted for when payable.
Grants and donations are accounted for when paid over.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned between activities in line with their respective proportion of income received.
## (e) Tangible Fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value of each asset over its expected useful life as follows:
Land Nil. Freehold Property 2% per annum on cost. Fittings and Equipment 33% Straight line
Included in the Freehold Property is the church, which is the property of the PCC but within the deeds of the property there is a caveat that should the church be sold then the Diocese of Winchester reserves the right to direct the way the proceeds are invested.
- (f) Operating Leases
Payments under operating leases are charged to the profit and loss account as they are incurred.
## (g) Pensions
The charity participates in a defined contribution pension scheme. Contributions in respect of this scheme are charged to the Statement of Financial Activities for the year in which they are payable. Timing differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
- (h) Basic financial instruments
The church only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash at bank and creditors. These basic financial instruments are measured and transaction price. Financial assets and liabilities classified as due within one year are not amortised.
## 2 ADMINISTRATIVE INFORMATION
The charity is unincorporated and was registered on 14 October 2009 with the Charity Commission in England and Wales. The registered number is 1132121.
The registered office of the charity is St Pauls Church, Church office, Chamberlayne Road, Bursledon, Southampton, SO31 8DT
8
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
|3 INCOME
**DONATION AND LEGACIES**
Planned giving
Income tax recoverable
Legacies
Collections (open plate) at all services
Grants
Sundry donations
**Total income from donors**
**INCOME FROM CHARITABLE ACTIVITIES**
Event income
**INVESTMENT INCOME**
Interest received
Rent receivable
**OTHER INCOME**
Other income
**TOTAL INCOME**
Room use donations
Service fees|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
95,988
8,905
104,893
109,075
23,457
2,363
25,820
27,373
826
11,104
11,930
60,299
120,271
22,372
142,643
196,747
3,738
-
3,738
1,632
-
600
600
100
1,570
16,106
17,676
19,309
**125,579**
**39,078**
**164,657**
**217,788**
7,912
-
7,912
7,664
3,604
-
3,604
3,488
523
452
975
-
**12,039**
**452**
**12,491**
**11,152**
7,743
90
7,833
1,944
1,140
-
1,140
1,007
**8,883**
**90**
**8,973**
**2,951**
715
75
790
127
**147,216**
**39,695**
**186,911**
**232,018**|
|---|---|
9
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
|4 EXPENDITURE
**GRANTS**
Other charitable giving
**DIRECT CHURCH ACTIVITIES**
Diocesan Quota
Church running expenses
Salaries (note 6)
Training
Church maintenance
Power and utilities
Youth, training and support groups
TLG expenses
Depreciation
Sundry expenditure
**CHURCH AND OFFICE ADMINISTRATION**
Photocopying and stationery
Telephone
Insurance
Subscriptions
Independent examination and accountancy
**TOTAL EXPENDITURE**|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
9,230
841
10,071
7,639
**9,230**
**841**
**10,071**
**7,639**
50,087
-
50,087
55,046
3,907
643
4,550
5,578
56,404
11,807
68,211
61,599
214
317
531
-
13,766
12,813
26,579
8,957
8,830
-
8,830
14,644
70
926
996
444
-
888
888
954
12,346
18,278
30,624
20,191
1,945
1,721
3,666
4,695
**147,569**
**47,393**
**194,962**
**172,108**
432
-
432
1,188
2,551
35
2,586
876
3,805
-
3,805
3,483
1,102
-
1,102
-
1,800
-
1,800
1,650
**9,690**
**35**
**9,725**
**7,197**
**166,489**
**48,269**
**214,758**
**186,944**|
|---|---|
## 5 GRANTS
Grants and donations totalled £10,071 (2023: £7,639). No donations were made to institutions that totalled more than £1,000.
10
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
|6 STAFF COSTS
Wages and salaries
Pension|**2024**
**2023**
**£**
**£**
65,541
59,195
2,670
2,404
**68,211**
**61,599**|
|---|---|
The average number of staff employed during the year was 4 (2023: 4). No employee received emoluments of £60,000 or more during this year or the prior year.
No members of key management personnel were paid on an employed basis during this, or the prior, year. The role of Vicar is not paid directly by the church, and the Church Wardens (x2) are unpaid posts.
During the year or the prior year no trustees received any emolument, were paid any expenses or were reimbursed for expenditure incurred on behalf of the charity.
Total pension contributions of £2,670 (2023: £2,404) were paid by the charity and are included in the SOFA. There were no outstanding contributions payable at the end of this year or the prior year.
|7 TANGIBLE ASSETS
COST
At beginning of year
Additions
Disposals
At end of year
DEPRECIATION
At beginning of year
Charge for year
Disposals
At end of year
NET BOOK VALUE
At end of year
At beginning of year|**Fittings &**
**Church**
**Meeting**
**Equipment**
**Centre**
**Room**
**Land**
**Total**
**£**
**£**
**£**
**£**
**£**
143,551
913,907
41,000
11,000
1,109,458
31,299
-
-
-
31,299
(1,697)
-
-
-
(1,697)
173,153
913,907
41,000
11,000
1,139,060
141,365
427,198
19,565
-
588,128
11,526
18,278
820
-
30,624
(1,697)
-
-
-
(1,697)
151,194
445,476
20,385
-
617,055
21,959
468,431
20,615
11,000
522,005
2,186
486,709
21,435
11,000
521,330|
|---|---|
The freehold property of the Church Centre (St Paul's) is held by the Winchester Diocesan Board of Finance as custodian trustees on behalf of the Bursledon Parochial Church Council. The land may only be used for ecclesiastical purposes relating to the Parish. In the event of a sale, the proceeds must be applied for an ecclesiastical purpose but this could relate to the whole of the Diocese of Winchester.
11
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
|8 DEBTORS
Trade debtors
Income tax recoverable
Other debtors
9 CASH AT BANK AND IN HAND
Cash at bank and in hand
Deposit accounts
10 CREDITORS: amounts falling due within one year
Accruals
Other creditors|**2024**
**£**
1,066
1,192
3,196
**5,454**
**2024**
**£**
28,726
142,291
**171,017**
**2024**
**£**
1,680
705
**2,385**|**2023**
**£**
-
1,906
627
**2,533**
**2023**
**£**
75,265
131,177
**206,442**
**2023**
**£**
1,560
4,807
**6,367**|
|---|---|---|
12
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURESLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
|11 MOVEMENT IN FUNDS
**Restricted funds**
Capital fund
Children, youth and families (CYF)
Parish Discretionary Fund
St Pauls fabric fund
St Leonards fabric fund
Transforming Lives for Good
Organ Restoration
Youth Worker '22-'24
**Designated funds**
Capital fund
Children, youth and families (CYF)
**Other unrestricted funds**
**Total funds**|**Balance at**
**Transfers**
**Balance at**
**1 Jan**
**between**
**31 Dec**
**2024**
**Income Expenditure**
**funds**
**2024**
**£**
**£**
**£**
**£**
**£**
486,709
-
(18,278)
-
468,431
4,129
5,612
(2,996)
-
6,745
1,082
39
(841)
-
280
86
-
(86)
-
-
375
19,368
(472)
(6,738)
12,533
2,065
758
(1,504)
-
1,319
18,111
6,618
(12,286)
-
12,443
2,870
7,300
(11,806)
1,636
-
515,427
39,695
(48,269)
(5,102)
501,751
34,621
-
(12,346)
31,299
53,574
14,458
-
(5,724)
(1,636)
7,098
49,079
-
(18,070)
29,663
60,672
159,432
147,216
(148,419)
(24,561)
133,668
**723,938**
**186,911**
**(214,758)**
**-**
**696,091**|
|---|---|
The restricted funds are established for the following purposes:
## **Capital fund**
to reflect the carrying value (i.e. historic cost less depreciation) of the Church building as stated within tangible fixed assets.
**Children, youth and families** to fund the resources of the Children's Youth and Family work. **Parish Discretionary Fund** to support the Parish Home mission at the discretion of the PCC. **St Pauls fabric fund**
to support the Parish Home mission at the discretion of the PCC.
to fund activities for the maintenance of the St. Paul's building.
**St Leonards fabric fund**
to fund activities for the maintenance of the St. Leonard's Church. Transfer is capital expenditure of restricted income received towards solar panel installation at St Leonards.
‘Bukedi Diocese in Uganda – these funds predominantly support the training of students at the Papa Keith Vocational Institute (PKVI).
## **Bukedi**
## **Transforming Lives for Good**
to fund the Transforming Lives for Good activity.
**Organ Restoration Youth Worker '22-'24** to fund a youth worker. **Designated Capital fund** reflects the carrying
to fund the restoration of the organ.
reflects the carrying value (i.e. historic cost less depreciation) of tangible fixed assets, except for the Church building which is included in restricted funds.
**Designated Children, youth and families**
to fund a part time paid youth worker.
13
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)**
## 12 ANALYSIS OF FUNDS
|12|ANALYSIS OF FUNDS|||||
|---|---|---|---|---|---|
||||**Restricted**|**Unrestricted**|**Total**|
||||**funds**|**funds**|**2024**|
||_Fund balances as at 31 December 2024 are represented by:_||**£**|**£**|**£**|
||Tangible fixed assets||468,431|53,574|522,005|
||Current assets||33,320|143,151|176,471|
||Current liabilities||-|(2,385)|(2,385)|
||||**501,751**|**194,340**|**696,091**|
||_Fund balances as at 31 December 2023 are represented by:_||**Restricted**
**funds**
**£**|**Unrestricted**
**funds**
**£**|**Total**
**2023**
**£**|
||Tangible fixed assets||486,709|34,621|521,330|
||Current assets||28,718|180,257|208,975|
||Current liabilities||-|(6,367)|(6,367)|
||||**515,427**|**208,511**|**723,938**|
|13|PRIOR YEAR MOVEMENT IN FUNDS|**Balance at**||**Transfers**|**Balance at**|
||**Restricted funds**|**1 Jan**
**2023**
**Income **
**£**
**£**|**Expenditure**
**£**|**between**
**funds**
**£**|**31 Dec**
**2023**
**£**|
||Capital fund|504,987
-|(18,278)|-|486,709|
||Bukedi|701
-|(701)|-|-|
||Children, youth and families (CYF)|4,273
398|(542)||4,129|
||Parish Discretionary Fund|1,000
132|(50)||1,082|
||St Pauls fabric fund|86
-|-|-|86|
||St Leonards fabric fund|375
-|-|-|375|
||Transforming Lives for Good|4,055
1,710|(3,700)|-|2,065|
||Organ Restoration|9,775
8,336|-|-|18,111|
||Youth Worker '22-'24|2,659
11,466|(11,255)|-|2,870|
|||527,911
22,042|(34,526)|-|515,427|
||**Designated funds**|||||
||Capital fund|33,254
-|(1,913)|3,280|34,621|
||Children, youth and families (CYF)|14,458
-|-|-|14,458|
|||47,712
-|(1,913)|3,280|49,079|
|||||||
||**Other unrestricted funds**|103,241
209,976|(150,505)|(3,280)|159,432|
||**Total funds**|**678,864**
**232,018**|**(186,944)**|**-**|**723,938**|
14
**PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURSLEDON**
## 14 PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
|INCOME
Donations and legacies
Charitable activities
Investment income
Other income
**Total income**
EXPENDITURE
Charitable activities
**Total expenditure**
**NET INCOME BEFORE TRANSFERS**
Transfers between funds
NET MOVEMENT IN FUNDS
FUND BALANCES AT 1 JANUARY 2023
**FUND BALANCES AT 31 DECEMBER 2023**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2023**
**£**
**£**
**£**
195,992
21,796
217,788
11,042
110
11,152
2,915
36
2,951
27
100
127
**209,976**
**22,042**
**232,018**
152,418
34,526
186,944
**152,418**
**34,526**
**186,944**
**57,558**
**(12,484)**
**45,074**
-
-
-
**57,558**
**(12,484)**
**45,074**
150,953
527,911
678,864
**208,511**
**515,427**
**723,938**|
|---|---|
15