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