TREASURER’S REPORT FOR APCM 23/03/26 JEKS 21/03/26
To set the scene, this has been a very busy year both for the church and financially with the Organ Refurbishment Project and the Sound System update project. In the previous year we had the renewal of the Boiler and Heating system, so we seem to always have a large project on the scene. 2026 promises to be a little quieter with the repairs to the outer wall being delayed.
The Organ Reserve shows a deficit of £112 but with final invoices to pay, offset by Gift Aid to be claimed and LPWS VAT refund we will be left with an approximate deficit of £7,000. This is mainly as a result of unbudgeted items like the stud wall that was erected in the north transept to protect stored organ parts, repairs to the organ blower, replacement pedal board and tuning slides. Since y/e the LPWS VAT refund claim has been made and been paid. We intend to reclaim any remaining deficit from the Friends to which they have agreed up to £10,000
The Sound System reserve shows a deficit of £9,364 which will increase as I have just heard that our LPWS claim for the VAT on the system as been rejected, so the deficit will increase to approximately £11,500. It will be suggested to the PCC that the remaining deficits on the Sound system project will be covered by a transfer from the General Reserve, which at year end stood at £59,000.
The General reserve shows a Net Incoming of £11,992 compared to £3,030 last year. This is mainly due to, on the income side:
Gift Aided Covenants, Collections and PGS up by £2k
Income Tax on Gift Aid up by £4k due to an adjustment on the previous year.
Non Gift Aid collections and CAF donations have increased by £2k
and the Magazine net income has increased by £2k to £5,473 with thanks to all the advertisers.
On the expenditure side:
Light Heat and Water cost have decrease by £3k which I expect is a mix of the new heating system and a new supply contract at lower unit rates
Repairs and Maintenance cost have increased by £2k. Details are shown in note 2.
We paid 100% of our Parish Share of £28,120 and thankyou for the vote for the 2026 Parish Share which is now set at £ 27,475.
The Building Reserve stands at £18,139 which will fund the outer wall repairs.
The notes to the accounts explain many of the figures in more detail, but if you have any comments please ask.
The accounts have been approved by the PCC and agreed by the auditors.
Thank you to all who make financial donations, either regularly or one off to our church. We depend on you. More information on different ways of giving donations will soon be on our new
web site. Lastly, I would also like to note my thanks to Keymer Haslam for carrying out the audit, and I ask for them to be re-appointed for next year.
Parochial Church Council
of
St. Andrew & St. Mary the Virgin
FLETCHING
FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2025
Registered Charity number: 1132321
Parochial Church Council of
St. Andrew & St. Mary the Virgin, FLETCHING
FINANCIAL STATEMENTS
CONTENTS
for the year ended 31st December 2025
| Page | |
|---|---|
| Statement of Financial Activities | F1 |
| Balance Sheet | F2 |
| Notes to the Financial Statements | F3 - F7 |
| Independent Examiner's Report | F8 |
FLETCHING PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31st December 2025
| Notes INCOMING RESOURCES Voluntary Income Gift Aided Covenants & Collections (inc PGS) Legacies Friends of Fletching Church Income tax recoverable on gift aid Non Gift Aid Envelopes and CAF Collections at services VAT Rebate Grants West End rent Other Income Events & Donations Note 4 Activities for Generating Funds Other fund-raising events Charitable and trading income Church Funds - Boxes Magazine Net Surplus Note 6 Fees Guide Books Candles Investments Income Bank and Deposit Account interest TOTAL INCOMING RESOURCES RESOURCES USED Vicarage - Water, Community Charge etc. Other expenses for the Ministry Light, Heat and Water Magazine Note 6 Honoraria -Organist Services & Materials Note 5 Churchyard maintenance Repairs & Alterations Note 2 Diocesan Parish Share Note 7 Insurance Note 8 Grants to Institutions Note 3 Fundraising Sunday School Website Other Expense inc Bank Charges Governance Costs Independent Examination Fee Note 8 Transfer between Reserves TOTAL RESOURCES USED Net (outgoing)/incoming resources for the year Transfer between Reserves Balance brought forward Balance carried forward Note 14 |
Unrestricted | Designated | TOTAL FUNDS | TOTAL FUNDS |
|---|---|---|---|---|
| General | Special Organ Sound System Building & Reserve Reserve Reserve Repair |
2025 | 2024 | |
| £ £ £ £ £ 40,975 0 0 10,000 11,554 7,452 3,375 2,000 7,052 0 15,613 4,378 0 2,000 500 308 3,139 507 590 |
£ 40,975 0 10,000 19,006 5,375 7,052 19,991 2,000 500 3,447 1,097 |
£ 39,136 0 0 7,715 822 5,933 0 18,000 480 0 49,440 |
||
| 64,271 0 28,204 14,968 2,000 0 0 0 5,473 2,851 0 165 6,592 |
109,443 0 0 0 5,473 2,851 0 165 6,592 |
121,526 0 0 446 3,492 1,640 64 87 8,650 |
||
| 79,352 0 28,204 14,968 2,000 |
124,524 | 135,905 | ||
| 5,764 239 6,874 0 3,055 3,096 575 12,351 90,262 26,268 1,400 28,120 3,793 1,068 0 266 814 594 |
5,764 239 6,874 0 3,055 3,096 575 130,281 28,120 3,793 1,068 0 266 814 594 |
5,648 511 9,888 0 2,800 2,828 743 15,742 28,000 3,710 1,708 6,914 141 1,564 0 |
||
| 66,610 0 90,262 26,268 1,400 750 |
184,540 750 0 |
80,197 750 0 |
||
| 67,360 0 90,262 26,268 1,400 11,992 0 (62,058) (11,300) 600 £47,615 £60,000 £61,946 £1,936 £17,539 |
185,290 -60,766 189,036 |
80,947 54,959 134,078 |
||
| £59,607 £60,000 -£112 -£9,364 £18,139 |
£128,270 | £189,036 |
F 1
FLETCHING PAROCHIAL CHURCH COUNCIL
BALANCE SHEET AS AT 31st DECEMBER 2025
| Notes £ £ £ £ FIXED ASSETS Tangible Assets Note 10 0 0 CURRENT ASSETS Debtor (Insurance prepaid for 2026) Note 11 4,741 3,793 Debtor (Tax Rebate - Gift Aid) Note 11 5,580 2,522 VAT Rebate & Gift Aid on Organ Project 9,641 5,000 Short term deposits Note 12 116,274 206,861 Cash at bank 28,454 16,115 164,690 234,291 CURRENT LIABILITIES Note 13 Amounts Falling due within one year: School House Trust included in Short Term Deposit 26,218 33,219 Magazine Adverts (prepaid 2026) 1,619 3,140 Independent Examination 750 750 Gas & Electric 1,159 1,165 Tea & Cake Collection 307 323 FIG 2,860 2,860 Vicar's Discretionary Fund 2,953 3,478 Fees to DBF 554 320 36,420 45,255 NET CURRENT ASSETS 128,270 189,036 NET ASSETS £128,270 £189,036 FUNDS Unrestricted Note 14 59,607 47,615 Designated Note 14 68,663 141,421 £128,270 £189,036 2025 2024 |
£ £ 2025 |
£ £ 2025 |
£ £ 2024 |
£ £ 2024 |
|---|---|---|---|---|
| 189,036 | ||||
| £128,270 | £189,036 | |||
| 59,607 68,663 |
||||
| 47,615 | ||||
| 141,421 | ||||
| £128,270 | ||||
| £189,036 |
`
The financial statements were approved by the Board of Trustees on January 21st 2026 and were signed on its behalf by:
Rev. Dr. David Knight - Vicar
F 2
FLETCHING PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
1 ACCOUNTING POLICIES Accounting Convention
The financial statements have been prepared under the historic cost basis, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming Resources
Voluntary Income
a) Collections are recognised when received by or on behalf of the PCC
b) Planned giving receivable under Gift Aid is recognised only when received.
c) Income Tax recoverable on Gift Aid donations is accounted for and is included in debtors on the accrual basis.
d) Grants and legacies to the PCC are accounted for when received.
e) Funds raised by a fete and similar events, and the magazine are accounted for gross but shown in the accounts as net
f) Sales of books and magazines from the church bookstall are accounted for net.
Income from investments
Bank and deposit fund interest is accounted for when received.
Resources Expended
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Grants offerred subject to conditions
which have not been met at the year end are noted as a commitment but not accrued as expenditure.
Activities directly relating to the work of the Church
The diocesan quota or parish share is accounted for when paid.
The Parish Contribution, as promised to the DBF, for 2025 has been paid in full.
Remuneration
The Members have not received any remuneration.
Allocation of Expenditure
All expenditure has been classified as expenditure in direct furtherance of the PCC's objectives. Governance costs
Governance costs are costs that relate purely to the running of the church and include independent examination costs.
Tangible Fixed Assets
No new assets have been capitalised during 2025.
F 3
FLETCHING PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
1 ACCOUNTING POLICIES - continued Taxation
The charity is exempt from tax on its charitable activities
Funds
General funds represent funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purpose of the PCC. Funds designated for a particular purpose by the PCC are also unresticted.
The accounts 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 or those that are informal gatherings of Church members.
Current Assets
a) Amounts owing to the PCC at 31 December in respect of fees or other income are shown as debtors b) Short-term deposits consist of cash held on deposit with the CBF of the Church of England (CCLA) Deposit account. All investments are held within the UK.
c) Stocks of guide books, notelets and cards are expensed as purchased, and therefore any stocks at year end are not included in the accounts.
Churchyard
The gross expenditure for maintaining the churchyard in 2025 was £1,350 (2024: £1,485). This cost is shared with Fletching Parish Council and the accounts include reimbursement of £725 for 2025 (2024: £742).
| 2 Repairs, Alterations and Equipment Mauseleul Repairs (net of VAT) Organ Service & Repairs Reapairs in Extension Floodlight Fault New Floodlights Lead Roof Alarm Annual Fee Fire Extingisher Inspection Supply and Install Water Heater Brown Bin Gutter Cleaning PAT Test Porch Light Override Switch New Power Switch in Extension New Shelf in Extension Vacuum Cleaner & Path Clearance Vestry Painting Replacement LED Lights Architect Boiler Service Lobby Painting Sundry Top Soil for Graveyard Temporary Organ Electrics Painting North Aisle New Hymn Book Shelves Smart Water VAT Reclaim |
£ General 420 1,111 169 929 869 264 467 64 43 214 304 202 653 200 820 276 543 151 700 75 88 696 820 2,725 81 (-533) 12,351 |
£ Building 1400 |
|---|---|---|
| 1,400 |
F4
FLETCHING PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
3 Grants Made
The total grants paid to institutions during the year was as follows:
| The total grants paid to institutions during the year was as follows: Ukraine Carol Service (Generators) Kit Wilson Trust Harvest - Farm Africa Harvest - The Princes Countryside Trust British Legion (Remembrance Day Collection) Family Support Work from Christmas Fayre Vicar's Celebratory Lunch TOTAL |
2025 2025 2024 £ Tea Fund 0 1501 50 50 0 115 120 115 120 200 300 588 200 550 324 |
|---|---|
| 1,068 574 2,591 |
All grants made have been paid from donations made by congregations
4 Grants & Donations Received
| Individuals Donations Village Fayre Christmas Fayre Easyfundraising Net Total |
2025 373 134 507 |
2024 3,265 149 227 237 |
|---|---|---|
| 507 | 3,878 |
5 Services & Materials
Total expense of £3,096 (2024: £2,828)
These include music licences, service posters, candles and cleaning equipment
6 Magazine
The total Income from subscriptions and adverts totalled £14,159 set against a cost of £8,686 giving a surplus of £5,473 for the year (2024: £3,492 )
7 Parish Contribution & Insurance
The Parish Contribution for 2025 of £28,120 ha s been paid in full (2024: £28,000). Church insurance for 2025 was £3,793 (2024: £3,710)
8 Governance Costs
----- Start of picture text -----
Governance Costs 2025 2024
£ £
Independent Examination fee 750 750
----- End of picture text -----
9 Trustees' Remuneration and Benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. The PCC has met expenses incurred by members on behalf of the PCC by direct reimbursement
10 Tangible Fixed Assets
There are no capitalised fixed assets
F5
FLETCHING PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
| 11 Debtors(Amounts falling due within one year) Insurance prepaid Income Tax recoverable on Gift Aid VAT Rebate & Gift Aid on Organ Project 12 Current Asset Investments Short Term Deposits -Opening Balance Interest received Net Transfers to/from Current Account Closing Balance 13 Creditors (Amounts falling due within a year) School House Trust Magazine Adverts Independent Examination Fee Tea & Cake Café Fund Vicar's Discrecancy Fund Gas & Electric FIG Fees to DBF 14 Movement in Reserves General Fund Special Reserve Fund Building & Repair Fund Organ Fund Sound System Fund TOTAL FUNDS |
2025 2024 4,741 3,793 5,580 2,522 9,641 0 19,962 6,315 2025 2024 £ £ 206,861 133,412 6,413 8,449 213,274 141,861 (97,000) 65,000 116,274 206,861 2025 2024 £ £ 26,218 33,219 1,619 3,140 750 750 307 323 2,953 3,478 1,159 1,165 2,860 2,860 554 320 36,420 45,255 As at Incoming Outgoing Reserve As at 01/01/25 Resources Resources Transfers 31/12/25 £ £ £ £ 47,615 79,352 (67,360) 59,607 60,000 0 0 60,000 17,539 2,000 (1,400) 18,139 61,946 28,204 (90,262) (112) 1,936 14,968 (26,268) (9,364) . |
|---|---|
| 189,036 124,524 (185,290) 0 128,270 |
F6
FLETCHING PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025
15 The assets of the PCC are held in a number of funds, as follows:
General Fund (Unrestricted)
This fund is for the receipt of general income and expenditure to support the daily ministry and pastoral work of the Parish.
Ministry & Pastoral Fund (Special Reserve)
This fund was set-up to accumulate funds for the future funding of the Ministry and other support costs. In 2006 the PCC gave authorisation for this fund to be changed into a Special Reserve Fund to be used for emergencies or unexpected contingencies. Any use of this fund requires authorisation of PCC
Building and Repair Fund (Designated)
This fund has been set up to finance larger building repair projects e.g. quinquennial, over and above those financed through general expenditure. Any use of this fund requires authorisation of the PCC.
Finance Initiative Group (Designated)
Funds allocated for the use of start-up funding for the Finance Initiative Group
Vicar's Discretionary Fund (Designated)
The fund records donations received and made specifically for the use of the vicar for social needs in the parish
Sound System Fund (Designated)
This fund has been set up to record funds for additions and replacements to the sound system.
Organ Repair Fund (Designated)
This fund has been set up to record funds for the major overhaul of the organ. The target funding has been reached with some grants and gift aid yet to be received The work is almost complete and the fund will we wound up in 2026
16 Chancel Trust
The Chichester Diocesan Fund and Board of Finance holds on trust the Fletching Chancel Fund (for Chancel repairs). The accumulated income of this fund as at 31st December 2025 was £16,503 (2024: £14,911). The investment consists of CBF Investment Fund (Income) Shares and a Fixed Interest Securities Fund with a market value as at
17 Other Financial Commitments
At 31 December 2025 the PCC had no other committments
F7
INDEPENDENT EXAMINER'S REPORT
To the Parochial Church Council of St. Andrew and St. Mary the Virgin's Church, Fletchin
This report on the accounts of the Parochial Church Council for the year ended 31 Dece on pages F1 to F6 is in respect of an examination carried out in acccordance with the C Regulations 2006 ('the Regulations') and s.43 of the Charities Act 1993 ('the Act').
Respective responsibilities of the Parochial Church Council and the examiner. that the audit requirement of the Church Accounting Regulations and section 144(2) of t apply.
It is my responsibility to:
Examine the accounts under the Church Accounting Regulations and sectio 2011
- Follow the procedures laid down in the general direction of the Charity Comm (b) f th 2011 A t State whether particular matters have come to our attention.
Basis of this report
consequently, no opinion is given as to whether the accounts provide a true and fair vie those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirem
i) to keep accounting records in accordance with section 130 of the 2011 Act; ii) to prepare accounts which accord with the accounting records and comply w i t f th A t d th R l ti h t b t
2) to which, in my opinion, attention should be drawn in order to enable a proper unders h d
ng
ember 2025 which are set out Church Accounting
the Charities Act 2011 do not
n 145 of the Charities Act mision under section 145(5)
ew and the report is limited to
ments
and with the accounting
standing of the accounts to be