The Beacon Parish of St Mar ai-et's Streat Parish Church and St Martin's Westmeston Ditchlin ANNUAL REPORT AND FINANCIAL STATEMENTS PAROCHIAL CHURCH COUNCIL For the year ended 31 December 2024 CONTENTS Page Annual i'eport Statenient of financial activities 10 Balance sheet Notes to the accounts 12-20 Repoit of the independent exaininer 21 Ditehling) Streat and Westineston Parochial Church Council Incumbent.. The Reveiend D Wallis, Tlie Vicai"age, 2 Chailton Gardeiis, Lewes Road, Ditchling East Sussex, BN6 8WA IndependeF7t examiner." Maxwell-GLiinbleton & Co, I West Street, Lewes, East Siissex BN7 2NZ Bankers.. HSBC, 38-40 South Road . Haywards Heath . West SLissex . RH16 4LA Tlie Parisli of Ditcliling, Streat ld IITestineston (kniown as tlie Beacon Parish) is a registeied charity, IiLllnbei' 1132488.
PAROClllAL CHURCH COUNCIL of4 DITCHLING, STRE< AT AND WE( STMESTON Annual Report for 2024 Adininistrative infoi"mation Tlie Parisli is a cliarity and registei'ed with the Chai'ity Coimnission within tlie ineaiiing of the Cliarities Act 2011, iiumbei 1132488. Tlie Pai'ish Office is at the vicage, 2 ch'It0Th Gai'dens, Lewes Road, Ditcliliiig, BN6 8WA. Aftei" the Mlliual Paiochial Chui'cli Meetiiig (APCM) 011 Sunday 12 May 2024, tlie following weie elected aiid weie seiviiig as menibeis of tlie Pai'ochial Cliiirch Council (PCC) as at 31, Decembei 2024.. Incumbeiit.. Tlie Revei'eiid David Wallis ChaiiTnaii Chui'chwai"dens: Paul Chaimaii Tessa Haughton Di Iceitli Hine Milce Sewell Deaiiei"y Synod Elected Meinbeis: Luke Bierstekei Lydia Bieistelcei- mget Bovill Viiginia De La Pole Heathei. Evans SlieiTiaii Guest Ian Henley Deboiah Miarkowska Secietaiy Ti-easui'ci Structure) governance and nianagement Tlie PCC is a coiporate body establislied by the Church of Englaiid. The PCC operates iindei the Parochial Church Council Powei s Measure. Membersliip of the PCC is deteimined uiidei. tlie Chuich Repieseiitation Rules aiid consists of cei-taiii ex-officio membeis (in this case, tlie Inclnbent}, the Chiii"chiwaideiis and membeis of the Deaneiy Syiiod and tlie ineinbei's of the Cliuich who elected at the APCM. Meinbeis al'e warrnly eiicouraged to stand for electioii to tlie PCC aiid we tiy to eiisui'e a bal]ce of skills Ellid expei'ience whei'e possible. Oui foi.jnei Tieasurei, Sli Mailc Moody-StU and Boold(eepei', Sue Sewell both stood dowii at tlie APCM, eacli having served in tliese posilions foi 17 ld 16 Ye'S respectively. The PCC would like to exteiid its grateful thanlcs to tliem foi. tlieii. exteiided seivice and dedicated siippoit of tlie Paiisli. Our Lay Reader, Colyeeii Blancliaid also stood dowii at tlie APCM and we also extend thaiiks to her foi" hei sei'vice. Objectives and Activities The piiiiiaiy objective of the Beacon Pai'isli of Ditcliliiig, Sti-eat aiid Westinestoii is the pi'oniotioii of tlie Gospel of oui Loid Jesus Cm'ist accoiding to tlie doctrines aiid pi"actices of tlie ChLiicli of Englaiid. Tlie PCC has the i'esponsibility of co-opei'atiiig with the iiicuinbeiit, the Revereiid David Wallis, iii pioinoting in the ecclesiastical Parish tlie wliole missioii of tlie Chui'ch pastoial, evangelistic, social and ecwnenical. We have coiisidei.ed the Chai ity Comniission's (yiiidaiice on public benefit and the siipplemeiitaiy giiidaiice oil cli1t1es foi the advaiieenieiil of ieligion. We tiy to enable all iesideiits of the Parisli to live out theii faitli as of oui" coiiimLllllty. Tlie tlll.ee chLlI'ches of St Margai'et's Ditchliiig, St Martiii, s Westtiiestoii and Stieat are opeii to all, aiid pastoi'al suppoi-t aiid social and coininullity activities available to all, iegai'dless of iiieinbersliip of the cliuicli oi beliefs.
Achieveinents an(1 pei"formance Cliurch attendance and other miiiistry activity Tlieie ale 195 (2023 - 187) parisliioiieis on tlie chuich electoral ioll of the Beacon Paiish. Tliis contiiiued iecoveiy iii iiumbei's is welcoine, aftei. the impact to iiuiiibei's expei'ieiiced duiiiig Covid. We have seen aiiothei- full yeai. of activity in tlie P.ish, witli i'egulai. services at all oui cliuiclies and a busy piogiamine of community events ainied at both yOLing people aiid adults. Tliei'e were regulai" l Oani Sunday moining Communioii seivices in St Mai'gaiet's ]d one seivice each iiiontli in either Stieat Chiiich, or St Maitin's Westineston. Theie weie also ieEulai' Wednesday l Oani Coinmunion seivices at St Margaiet's. At St Geoige's Pailc, a laige ietirement village complex iii the Paiisli iuii by tlie Augustinian oi'dei, regiilai. foitnighily seivices of Holy Coimnunion weie lield in tlie cliapel of tlie coinplex. This is ali iinpoitant and much appreciated pait of the woi'k of tlie Paiish as the popiilation ol the complex is as Ige as that of tlie villages of Streat aiid Westineston. Attendance at noi'mal SLiiiday sei"vices at St Maigèu"et's avei'aged 51 (witli five cliildi'en), with an avei'age attendance of 14 at the Wednesday l Oam Comniunion services. Tliei"e weie five noimal Siiiiday sei"vices at St 111, s Westineston, atteiided on aveiage by 3 9 people (witli one child). Tlieie wei"e also five noimal Sunday sei'vices iii Streat with average attendance of 43 (witli one cluld). Atteiidance at tlie Thursday seivices at St Geoi'ge's Pk was c. 30 people, a significaiit inci'ease from last yeai's aveiage of 20 we continue to deepeii tlie roots of this 'plaiited' ChLirch. lii additioii, attendance at Chiistmas sei"vices was Iiigh at all du.ee cliurclies. At St Mai'gai'et's oil Clyistmas Day, we welcomed 65 adults and I I childien, whilst OLII. vei"y populai ci'ib seivice on Christmas Eve attracted 330 adiilts aiid 146 cliildren. At St Martin's, Westmeston tlieie weie 50 people (includiiig 2 children) on Cllllstinas inoi'ning. All 3 chuiches held c01 seivices, with Iiigh levels of atteiidance of adults and cliildi'eii. numbei of Suiiday afteinoon services were held duiiiig tlie suinmei inonths in both St Martin's Westineston (3) aiid Streat Church (3). Each was diffeiently theined and typically started witli tea and cakes (aiid sometiines Piiiuns l ) iii the chuiGhyard, followed by songs of piaise iii tlie chui'cli. These proved popular and atti acted veiy good attendances. Good Moii]ing Fiiday meetiiigs for fellowship, piayei and i'eadiiigs weie held weekly on Zooin with avei'age atteiidance of12. Ow" chiircl1w den Iceith Hine also staited a iiew study group, called Next Steps, aiined at deepeiiiiig attendees, insiglit into the Bible avei'age attendaiice of 9. The Reveiend Caiioii Di. Peter Sills, wlio iegulai-ly assists the Beacoii PIsh with seivices, has also i-un disciission gioiips foi menibei's of our woishippiiig cominunity, wliich Iiave studied bodi biblical and otliei materials relating to Clu'istianity. Theie weie special seivices foi various occasions (scliools, haivest, Remeinbiaiice Siiiiday) at all tkn'ee churches at diffei'ent tiiiies of the year wliicli weie well attended. All tlll'ee cliui.ches weie open dail)I to tlie PLiblic diiiiiig tlie day tFll'oughoiit tlie year (apait fioin tlie teiiipoi'aiy closure of St Maitin's, Westineston dui'iiig iepaiis - see below) aiid there were many passing visitoi's. Iitknilst we sadly Iiad to niake the position of youth woi'kei" i'eduiidaiit fioin July, we have maintained èlli active piogianinie of events foi cliildien la youiig people in the Pai"ish, widi Fainily sei'vices, a i'egldar 'Little Beacoiis, Sunday school, collective woisliip iii St Mai'gai-et's PilinY School aiid Iialf-teiin and end of terin sei-vices iii St Margdiet, s Chuich, with avei'age atteiidaiice (iii addition to appi'okiinately 190 scliool cliildi-eii) of ovei. l 00 paieiits, giaiidpai-ents and caiei-s.
Oui online sti'eamiiig capability iii St Mai-garet's has pi'oved an excellent medium foi 01)eiiiiig iii) oui sei'vices aiid eiilai-ging oui wol shipping coillinuiiity, wliicli we iiow estiiiiate at 112 (ovei double tlie avei-age Siiiiday atteiidaiice at St M'gaiet,S). It helps tliose wlio al'e iinwell, oi. otlieiwise uiiable to attend, to eiijoy the ministiy and also eiiables gieatei. levels of paiticipation at weddiiigs and funeials (whei'e coui)les or fainily iequest its use). Viewei-s al-e able to watch live oi catcli up latei at hoine aiid tliis lias i)roved to be popular.. wliilst it is difficiilt to gauge aveiage oiiliiie paiticipatioii accui'ately, we estiiiiate viewiiigs liave aveiaged 47 tlll'oiigh the yeai (a sigiiificant inciease fi'om last yeai). Thei'e were 7 (1 l in 2023) baptisnis and 10 (7) weddings across oui. chui'Ghes in 2024. Theie weie 18 (20) fuiiei'als, oi inteiment of ashes aiid 3 Ineinorial services. Other community activity Outside of the Chui'ch and its ininistiy, the Pai-isli's dedicated aiid enthusiastic voluiiteeis ai'i-aiiged a full caleiidai of eveiits for paiisliioiiers, tlie local coini]iunity and visitois throughout the yeai.. These iiot oiily sei.ve to raise income foi tlie Pai"isli (see Sectioii 7 below), but they also bling oui Church coi]]muiiity togethei" and will hopefully encourage noii-clilllchgoei's in 0. villages to engage witli theii Cliui'clies. We continiied with well-establislied events such as Soupei" Saturda),, Apple Day and Wreatlllnakiiig and bloke new gioiind with two extremely well-attended eveiits, a Flowei Festival tiined to coincide witli the bier)nial Ditchliiig Village Fail and a thi'ee day CM"isknnas Tiee festival held in St M"garet'S - a delightful way to get oui local conimunity to thinlc abolit the Clll"iStmas season aliead. In addition, we welcomed coiiceits fi'om the Biightoii Singeis and Vivace to St Maigaret's and Stt'eat cliui.ch opened its dooi"s to inusicians Red Piiest and to local fauna and floi'a expert Reg Lanaway. Oui" voliinteers ali'eady have a numbei. of exciting initiatives iii the pipeline foi 2025 aiid tlie PCC would lilce to th[ them all foi tlieii continiied liaid work and dedication. Review of tlie yellr The PCC committee met niiie times duiing the year, with all meetings condiicted iii peison. Attendaiice levels have been consistently high, with most menibeis tuining up for inost nieetings. Whilst ceitain inatters ale coinmunicated ]d discus.ied outside comn]ittee, all fornal decisioiis Inade at coinmittee and dilly i"ecoi"ded iii the ininutes. The PCC manages all administs'ative, financial and safeguarding issues for the Pai"isli, whilst maintainiiig a sharp focus on pi'omoting the ministry of the Church in the P2ll'ish. In addition to tlie PCC, there were four ChurchwEll'den ineetiiigs and the Annual Paiish Council Meeting in May. One chu1.chw.den, Milce Sewell, has amiolinced liis intentioii to staiid down frorn his role at tlie 2025 APCM aiid plans ale in lild to iiianage this 'ansition. Tlie PCC extends its giateful thaidcs to Milce foi his service to the Parisli ovei inany yeais. The mmanuel Centre. The Emmanuel Centi"e (EC) in Ditchling, whicli we ieiit fi'oin tlie chui.ch Gi'owth Ti'ust, is a resouice foi. oui paiisliioneis aiid tlie local coiiimunity. Oiii foniiei. co-leiiaiit, The Point Cliiii'ch, discontinued theii. use of the EC duiing 2024. A nuinbei of usei's fi'oiii oui. local commLinity lent tlie EC fioin us foi. theii aclivities aiid we loolc to at least bl-eak eveii froiii a financial point of view. Yoiitli Woi"k BecaLise of finaiicial constiaiiits, discussed elsewlieie iii this iepoit, we wei'e unable to ietain tlie seivices of oui- youth woilcer, Gaiy Pickett and we inade tliis position iedliiidaiit in tlie suiiuner. Gary left with oiir tliai]ks aiid good wislies aiid tlie PlS]] ieinains coininitted to pi'ovidiiig access to Iniiiistry aiid otliei. engageineiit oppoituiiities foi youtli woilc. That]ks to tbe woik of Reveiend Wallis ld ow enthusiastic voliiiiteers, tlie links betweeii the chui.cli and tlie Pr11nY Scliool i"eiiiain very sti'ong aiid collectiire woi'sliip continues on a i'eglilai basis iii tlie School, witli no loss of enthLisiasin on the pai-t of tlie piipils aiid leacliers. Eiid of tei'in services contiiiue at St Maigai-et's, with Iiigli levels of atteiidaiice fi'oni pupils and p.elIts.
The fi 4ibi.ie Committee Report The Fabi"ic Coinniittee did iiot ineet foi"mally dui'ing 2024. Oiily oiie rnaiii pioject was undeitakeii, the i'eplacenient of part of the flooi in tlie south-west coinei of St Maitiii's, Westmestoii. This was conipleted 011 tiiiie aiid uiidei. budget, though the Cliui'cli was closed foi. sei'vices foi 3 Inoiitlis. We al-e giateful foi. the care aiid attenlion giveii to tliis project by oui. Cliiiicliwai-deii Paul chnin aiid foi the excelleiit woik of contractoi's, oi.iole Constiuctois. Towai'ds the eiid of the yeai, all three chui.ches in tlie Beacon Pai"ish undeiwent tlieir quinquennial inspections, which identified a number of i'emedialioii i'equii'einents, soine of which al'e still being evaliiated. Talcen together, they will ieqiiii'e Inaterial expeiidituie aiid the Fabi-ic Committee lias been ieconvened in 2025 to consider tliese requireinents, to ensuie appi'opiiate pi'ioiitisatioii and value foi. moiiey. The Fabiic Conunittee Cliaiiman, Mike Sewell, amiouiiced his retirenient fi'oin the i.ole iii 2024. The Committee is now under the Actiiig Chaiimanship of the Beacon Paiisli Tieasuiei. Finance Committee The Finance CoiTllnittee (FC) met four tinies diiiiiig 2024 to considei" the financial position of the PCC, iiicluding operatiiig pei'foi"mance, investmentldisinvestineiit iequii"einents, pioj ect expenditure and other financial niatteis (such as investment sti"ategy and insui"ance). Mk Moody-stuait stepped down as Tieasui"ei at tlie APCM in Apiil, as did Sue Sewell, oiii. Booldceepei". Both seived many years on the FC aiid the PCC ld the PCC extends its grateful tliaiilcs foi tlieii comiiiitment and loiig seivice. They will be inissed aiid leave witli oui. veiy best wislies. I] Henley was elected Ti'easuier at the APCM and now selves as Chaii"rnan of tlie FC. James Claiiy joined the FC dui'iiig 2024, joiniiig existiiig membei"s Reveiend David Wallis, StU2ll"t Curl'y, Keith Hiiie aiid Tony Seddon - we are giateful to all foi theii voluntary seivice oil this committee. The PCC lias now recruited a paid piofessioiial Boold(eepei, after atteinpts to fiiid a volunteei ieplacemeiit pioved unsuccessful. Whilst theie is a cost foi. this seivice, it is an esseiitial iole and we have foLind an excellent provider. One advantage of a cominei'cial seivice is the seamless integiation of accounting software with oui Indepeiident Ex1]ine1, s systeins, niaking production of tlie ailliual accounts aiid repoit inuch siinpler. The FC aiid the PCC are piovided witli a monthly statement of iiicoine aiid expenditLlI"e prepaied by our Bookkeepei, along witli a cash flow foiecast foi" the remaindei of tlie yeai and a statemeiit of the value of the PCC'S investments. Sufficieiit Inanageineiit iiifoi"Ination is pi"ovided to the FC and tlie PCC to moiiitoi the Paiisli's finances and to inake iiifoimed deGlSlOllS about income, expendIte, liquidity and investment strategy. Tlie FC also coiisideis an amiual biidget, usually pi'epaied in Noveinbei, for the foitliconiiiig year and piesented to tlie PCC foi. appioval. Gift Aid iecoirei'y and re-claiining Gift Aid ai"e caii.ied out by the Booklceepei., who keeps track of all donatioiis and iiiakes the oiiline submissions iiow iequiied by HMRC. Tliis is nomi done qutellY. Pai"isli Giviiig Sclieme (PGS). The PGS is ali iiidepeiident chaiity set up to ease the adininistiatioii of plMed Giving foi. paiticipating Pai'ishes. Iii palticul, it eiisiires tiniely recoveiy of Gift Aid fi'oiii HMRC on doiiatioiis. It also piovides a metliod of aiitoniatically iiici'easing Planned Giving in line witli inflatioii, wheie diis is agi.eed by the doiioi.. It lias been very beneficial foi. the Beacon Pai-ish aiid we coiitinue to encoiiiage existiiig aiid poteiitial doiiois to select this optioii foi. giving, iathei- tlian using standing oi'ders oi dii'ect debits. PGS doiiatioiis iiow iepi'esent c 61 % of Plaiyied Giving ieceipts and we shall coiitiiiiie to loo1< to di-ive tIIis illimbei higliei..
Approval of accounts. The PCC contiiiues to use the accouiilancy firni Maxwell-Guiiibletoii & Co to piepai-e tlie 2u]niial accoiiiits iii tlie appioved fol-. We are giateful to tliein foj. theii diligeiit attention to oiii- affaii's and foi the very sigiiificantly discounted fee foi. tlieii woik. Financial Review Incoming Resources The total of iiicoming i.es0CeS saw a 20 % increase over 2023, with a welcome upticlc in Pled Giving contiibuting to a 34 % overall iiicrease in VolLllIt Iiicome In oiir fuiidi'aising cainpaign lauiiched iii 2024, we eTnphasized the irnpoi'tance of iegulal" giviiig to provide tlie Paiish witli tlie piedictability of anniiit)r iiicoiiie. This message appeals to have cut thi'ough and it was good to Iiote material inci'eases iii Unplanned Giviiig, income fiom Cliuich fundraising aiid othei. activities as well. We wei"e grateftil to i'eceive a new le x from the estate of Doii Lewis in 2024 foi. £3,000, with ac which a specific embellishnieiit in St Maigaret, s is plamied. Gi"aiits: We contiiiue to benefit fi'oiii the geiierosity of local donors and are veiy giateftil oiice agaiii to the Tuinei-Dimibi'ell Foundatioii, who ieiiewed their funding foi Cliuichyaid maintenance and also pi"ovided support for a new project to restore the Hilary Boui'ne cui"tains in St Maigai"et's. The Parisli Councils of Westsnestoii and Stieat also contlllLied their generous suppoit of Ol Churchyard maiiitenance costs in botli tliose villages and Ditchling Pai'ish Council provided suppoit foi. the maiiiteiiance of the cloclc in St Mtll'garet, s - we are Inost giateful foi the coinmitineiit sliown by 0. local aLlthorities to the niaintenance of impoitant village assets. Finally, we ale also gi'ateful foi" the contiiiued suppoit of the Coinmonwealdi Wai. Giaves Coi]llnissioii. The Friends of St M. aret, s.. The Trustees of the Fi'iends once again provided geneious suppoit in 2024 for the maintenance of the fabiic of the CIILirch (listed undei note 2 of the accouiits as ' Special appeals income,). This siipport eiiabled some essential iepaii's to be undeitaken, particulai'ly to the cenb'al heating systein. The Tiustees have also coinmitted to fund major impi"ovemeiits in the Chancel ai.ea in 2025: at ihe tiine of writing, tlie PCC has just ieceived all the iiecessary approvals to undeitake a recoiifigiii atioii of diis area to enable mole flexible usage. We sliall pi'ovide a fui"t]ier update oli this iii 0111 2025 1"epoit but this will be a maj or einbellishment to tlie Chuich whicli could not have beeii l'allged witliout the geiiei'ous suppoit of the Fi'iends. Iiivestnient income fioin dividends and inteiest had a small deci'ease ieflecting tlie witlidiawal of fuiids fiom oui iiivestnient assets to fund woi.lcs ]d i"epaii"s. Resources Ei xpeiided Total iesoui'ces exi)eiided ieduced by 9 % yeai" on yeai., eveii with a baclcdi op of incieases in inajor woilcs, i'epairs and chuich inaliiteiiICe, with the key inoveinents beiiig as follows. Tlie laigest iteni of expenditiiie continiies to be tlie Diocesan paiisli conti'ibutioii (kniown as the Paiisli Sliaie). The Paiish Shale coveis tlie lioiisiiig, stipend and pensioii costs of the clei'gy aci'oss the Diocese, plus a suin foi Diocesaii centi'al costs, clei'gy ti-ainiiig and a coiitiibutioii to iiational cliuich ftinds. Soine 60 % of tlie Paiisli Shal'e goes on tlie cleigies, stipends, pension aiid Iiousing costs, 20 % oil pai-ish siippoit seivices (safeguai'ding, youth, fiiiance etc.), 16 % on ti'ainiiig new clei'gy and cui'ates aiid 4 % 011 the ceiiti'al chiirch aiid suppoi-t foi pooi'ei dioceses. The PIsh Sliaie i-epiesents tlie biggest siiigle opeiatiiig expenditure of the PCC. Notiiig tlie inatei-ial gap between incoiiiing and outgoiiig resoui'ces in 2023, tlie PCC took the difficiilt decisioii to i-ediice its Paiisli
Shale fioin circa 580/0 of iotal i'esources expeiided in 2023 to ciica 490/0 in 2024 Having iiiade this decision, tlie PCC tlien iiiounted an ai)peal dui'iiig 2024 to boost its iiicoine (as discussed above) and Inade an undeitaking to tlie Diocese to i-estoi'e tlie Paiish Sliare ovei tiine, as iiicoiiiiiig iesources stait to catch up with operaling iesources expeiided. It sliould be noted tliat, given the impact of tlie 2024 appeal, the Pai'ish Sliaie was paitially iestoied with effect fiom I, Januai'y 2025. or Works ld Re ail's MW&R . The most material pioject iii 2024, accounting foi circa 60 % of 2024 MW&R expeiidittii"e of jLlSt ovei. £52,000, was tlie repaii to tlie floor in ihe southwest coinei of St Martin, s Church. This was a structiiially necessaiy pioject to eiisure safety and was executed on budget and delivered early by oui construction paitnei. Oiiole. It also represents a significant visual improveineiit to tliat aiea of the Cliuich. Tlie balance of the MW&R expeiiditure was foi iepaiis to St Margaiet's Chuich and soine final paymeiits for the Stieal toilet woi'ks. Tlie Emmanuel Centie EC . The EC is used for a numbei of P.Ish and coiThrnunity events and we aim to balance tlie costs of iui]ning tlie centre witli inconie derived froin reiiting the space oiit to thiid parties, such as a local ballet Scliool. A small SULylus of £321 was i'ecoided in 2024 on these activities. Chuich runnin costs and ex enses: The ovei'all cost of i'unning and maintaining our seivices, Chui"clies and Churchyards was contaiiied to ali ovei.all inciease of ciica 5 % in 2024, a cieditable peifoimance given the prevailiiiE Utility cost incieases seen mole widely. Soine of tliese costs weie offset by graiits, as desciibed above. Doiiations: we continued to suppoit exteinal chai'ities duiiiig 2024, with doiiations made to the Red Cross (foi. Uh'aine), St Peter aiid St Jaines Hospice (followiiig a veiy successful Flowei Festival in the summei. , the Hassoclcs Food Banlc aiid, as palt of the veiy successful Clll"istnias Tiee event held iii December, to tlie Dame Vei"a Lyiui Chilth'eii, s ch'lty. Tlie collection taken on Remeimbi'ance sIdaY was foi the benefit of the Royal Biilisli Legioii, iii accordance with otll iisual pi'actice. Financial Situation, Outlook and Future Plans The P£llish made considei'able progress dui'iiig the yeai iii reduciiig the deficit between incorniiig and outgoing resouices. This was lai'gely achieved by inanaging the Paiish Sliare PULyosefully (as desciibed above) and in rnaking the decision on tlie iedundaiicy of oui" Youth Woi'ker. Wliilst the fIn]cial impact has beeii to restore some stability to oui opei.atiiig perfoimance, neithei of the above actions is without consequence.. we are conscious of the need to iestoie tlie Parish Slie over tinie aiid extia pl"esse has been placed on voluiiteeis to fill the gap left by the loss of the Youtli Workei". Howevei, the exposure of the PCC, s fIn]cIal challeiiges to ChclI ld widei cominunity has stimulated a stiong giving response and we ale inost gi'atefiil foi what people liave done to ensuie the sustainability of the Parisli and its ministiy. Net Assets: The overall net assets of the PCC incieased by ciica l % dilling the yeai, ieflecting piincipally tlie positive niovements in the valiie of iiivestiiients plus the accretion of iiiterest fiom deposit accounts, less tlie liquidation of cii'ca £25,000 froin deposit and investment accouiits, foi the purposes of MW&R. Investiiient Fuiids.. The PEU'islI has two broad categoi'ies of investiiient: Resti'icted aiid E17.down7ent Fiinds totalling cii'ca £339,000, bioadly UnCh]ged from the piioi year, as niailcet inovements offset witlidrawals inade to pay for MW&R. Proceeds I Percentages calciilated on a like foi- like basis, excludiiig (l) IllPLjor woi-ks and pui-chases (which vaiy iiiaterially fi'oni yeai. to year) (2) costs of youth woi'k (which was discontii)ued during the course of the year- see below) and (3) bookkeeping costs (which were incurred for tbe fst tiine in 2024)
fi'om Resti'icted aiid Endowineiit Funds are i"esei'ved foi the use foi. whicli the oi'iginal eiidowinents oi. doiiatioiis weie given. Sucli fuiids ale lisled oil pages 19 and 20, note I I to the Fiiiancial Stateiiieiits. The laigest pai-ts of these Funds ielate to Stieat Cliui ch and St Martin's Westmeston. The Fi"ieiids of si Mai'garet, s fund holds sigiiificant ieserves conimitted to the fabi'ic of St Mai gai'et's. We ai"e thus fortunate tliat we reTnain well positioned to Lindeitalce MW&R for oui three ancient ld histoiic buildiiigs foi. the foieseeable futui-e. Uni'estricted aiid Designated Flinds stood at ciica £138,000, a ciica 4 % inciease on 2023. Whilst some of tliese Funds are cash at the banlc ld slioit teim deposits, the inajoiity is iepiesented by the PCC'S mailcet investiiieiits. Designations have been iiiade foi these investineiits (as iioted in Note I l) to St Marg.et'S (Aiidrey Day) and to the Streat Bain Mission Fuiid. The initial iise of tlie lattei. was foi" tlie MW&R undeitakeii oil the Stieat Cliuich WC and seiveiy but, witli those woiks iiow complete, tlie iesidual balaiice of the Stieat B11 Mission Fuiid lias beeii i'edesignated to tlie Geiiei'al Fund (as shown in Note I l ). Fiiiancial markets gi.ew mole unsettled towaids tlie eiid of the year and tlie PCC remains focussed on ensiiiing the security of tlie Chaiity's iiivestmeiits, as well as on deiiving the best possible i'etui fioin them withiii its agreed rislc appetite. Outlook: Looking Eoi'waid, the followiiig fin1claI risks and oppoitunities sliould be noted.. Givin in early 2025, OLii inciiinbent, Reveiend David Wallis, amiouiiced that lie plai]ned to leave in Mai'cli 2025 aiid the Parisli is expei'ieiicing a vacancy at the tiine of wi'lting. Costs will be largely iinaffected, as PIsh Shale calculations talce account of Diocese-wide vacancy lates. Howevei, there is uiiceitainty in I"esi)ect of the potential iinpact oil Cliui ch attendaiice and giviiig. The PCC has uiged its Chuicli commuiiity to inaintain both commitinent and giviiig dui'ing this period and to ieflect oli ihe oppoitunity that new stewardship will bring, whilst noting the obvious sadiiess that many will experience at the departure of a populai incumbent, The Finance Coinniittee and PCC will tnoiiitor this risk closely duiing tlie coming ye. Tlie ari. jiial of a new incuinbent in due couise iepiesents the oppoittuiiity to iefi-esh all aspects of the Paiish's work, including of coiiise its sts"ategy foi. iiicieasing levels of giving. Invesknnent funds aiid income.. mai'ket tbillence iii the walce of a cliaiige of Piesideiit in tlie United States of Anieiica and of continiiiiig geo-political tensions iii Ukraine, the Middle East and elsewheLe cal'l'ies the iisk of iinpacting both asset valiies aiid investment income, In iesponse to these iisks, the PCC made tlie decision in eaily 2025 to lebal]ce some of its diiectly Iield investments iiioi'e iii favour of multi-asset ftiiids. This will iemaiii undei close review duiing the foithcoming year. MW&R.' whilst tlie major cun.ent project for 2025 (St Maigaiet's Chancel flooi) has coi]mitted fundiiig in place, ow. iecent quiiiquennial inspections i'evealed a linber of repaii's, wliicli Iiave beeii pi'ovisionally costed by the Fabi'ic Comniittee at circa £45,000. However, ali evaluatioii of iepaii's to St Martin's tower may ieveal tlie need foi major additioiial expenditure t]iere diiiiiig the foitlicoining year. Net assets: wliilst tlie sniall inci'ease iii net assets this Ye is welcoiiie, the impact of the above qLiiiiquennial-i-elated costs foi nexl yeai- should be iioted in tliis iespect. In addition, it should be noted tliat we hold ciica £11,000 of casli (sliowing iii the Accounts as Unrestiicted Funds) at tlie yeai"_end, iepieseiitiiig gi"]tS and a legacy ieceived in 2024 which are coiniiiitted to be spent in 2025. Risli Management f4rainewoi"k: The PCC lias a suile of policies which al'e i"eviewed iegulai.ly and assist the inanageinent of rislc (see section 10 below). It is also siipported iii tliis iespect by dedicated Finance and Fabi'ic Coinmittees, who i'egulaily review tliese specialist areas.
The i'islc of major iepairs is covei'ed by a vai.iety of dedicated funds (see 8 above). As descLibed above, a inajoi. Tislc facing the Beacoii Pai'ish in 2025 is the iillpact of oui. iilCUTnbeiit' s departiiie in March 2025.. the peiiod of vacancy wliich will eiisue ci'eates uiicei"lainty foi our Pai isliionei's aiid inconie uncertaiiity foi the PCC. Exainples of otliei Parishes point lo tlie potential foi rediictions in giviiig during these peiiods and every effort is being niade to ensiire this pei iod is as shoit as possible. 10. Policies PCC Reseiwes policy is to maintain ieadily iealisable Unrestt'icted Fuiids sufficieiit to nieet aiiticipated outgoings. Though tlie Inajoi'ity of iiicoming and outgoing iesouices are iegulai" and piedictable, the PCC policy is to eiisure that theie is no less thali tlie value of four inonths of average expendittii'e available iii Umestricted Funds. As at 31, Decenibei. 2024, the PCC was coinfortably iii conipliance with this policy. PCC iiivestment policy is to invest funds via CCLA (Cliurches, ChitIeS and Local Authoiities Investnient Management Limited), a leading etliical and sustainable iiivestment managei, in either a Central Boaid of Finance (CBF) chui.ch of England InvestTnent Fuiid, a Charities Investment Fund, oi the CBF Cliui'ch of England Deposit Fiiiid. The PCC deposit account is held with CCLA aiid the curi.eiit account is held with HSBC. Health & Safety policy covers inter alia iisk assessillents which ale cariied out foi all events and activities. Safeguai'ding policy- see section I I 11, Safeguarding Report (pi'ovided by the Acting Paiish Safeguarding Officei (PSO)) At the end of 2024, the Pai"ish was invited to be one of the pilots foi. Dashboard whicli is being iolled oiit acioss the Diocese. We have now started and will be woiking with the team ovei tlie coiniiig months. As we woik on Dashbod, theie will be new iirfoimation that we will follow. As we step into a pei'iod of vacancy, we will need to eiisui"e tliat all the incwnbent's safeguaiding ioles and iesponsibilities ale picked up by the Chui"chwardens, the PCC and the cuii'ent PSO, in collaboiation witli the Rui"al Dean aiid Diocese. OUL. Safeguarding Policy is Leviewed aTlliiially before the APCM wid apPeS oil the Beacon Pai'isli website vnvw.beacon ish.co.ulc and is also PLoiiiiiieiitly displayed on the noticeboards in OLir three chuiches and tlie Emiiiaiiuel Centie. The niembei's of the PCC ale committed to safegiiaiding, cal'e aiid iiuituie of all oui. congregatioii and menibers and recognise tliat Safegiiai"diiig is everyone, s respoiisibility. We pay atteiition to aiiy specific needs foi vuliiei'able adults and childreii aiid keep our risk assessineiits for individual events up to date. Tessa Haugliton, Chw'chwai"den in the Pai ish, is Actiiig Safeguarding Officei". We coiitinue to aslc othei's to take on this role but liave been iinsuccessful in appointing a new PSO. Disclosure and B.rIng sei.vice (DBS) and Safeguaidiiig ti"aiiiing al'e CLiiiently iip-to-date aiid we reinind oui PCC and volunteeis as iiecessaiy. th Tessa Haugliton - Actiiig PSO - 14 Febi'uaiy 2025
Sign on t17e PCC Date....... Jan Hei?ley (Treasurer)
PAROCHIAL CHURCH COUNCIL OF DITCHLING, STREAT AND WESTMESTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES 2024 2024 2024 2024 Unrestricted Restricted Endowmei)t Totals Funds Funds Funds 2023 Totals Reslated INCOMING RESOURCES Voluntary income Activities for generating funds Income from investments Church activities other incoming resources Total incoming resources 2a 2b 106,770 7,337 4,313 23,575 1,606 143,601 18,878 125,648 7,337 12,307 23,575 1,606 170,473 93,156 4,690 12,942 15,337 16,214 142,339 7,994 2d 2e 26,872 RESOURCES EXPENDED Raising funds Church activities Total resources expended 3a 1,460 180,897 182,357 1,460 180,897 182,357 1,356 199,463 200,819 3b NET INCOMINGI (OUTGOING) RESOURCES BEFORE TRANSFERS GROSS TRANSFERS BETWEEN FUNDS 138,7561 26,872 111,8841 158,4801 38,883 138,8831 NET INCOMINGI IOUTGOINGI RESOURCES BEFORE OTHER RECOGNISED GAINSI{LOSSES} 127 112,0111 111,8841 158,4801 Gainslllosses) on revaluation of fixed assets 7,456 3,977 6,989 18,422 47,448 Gainslllosses) on disposal of fixed assets NET MOVEMENT IN FUNDS 7,583 18,0341 6,989 6,538 111,0321 Fund balances brought forward at 1 January 2024 131,625 195,371 143,565 470,561 481,593 Fund balances carried forward at 31 December 2024 139,208 187,337 150,554 477,099 470,561 The notes oji pages 12 to 20 form An integi-al pai't of tliese finaneiAI statenients Page 10
PAROCHIAL CHURCH COUNCIL OF DITCHLING, STREAT AND WESTMESTON BALANCE SHEET AT 31 DECEMBER 2024 NOTES 2024 2023 FIXED ASSETS Tangible fixed a55ets Investments 3,768 442,670 5,024 434,246 7b Total fixed assets 446,438 439,270 CURRENT ASSETS Debtors Short term deposits Cash 7,723 11,838 15,787 35,348 14,402 17,119 10,004 41,525 CURRENT LIABILITIES Creditors falling due in <1 year 10 14,6871 110,2341 NET CURRENT ASSETS 30,661 31,291 TOTAL ASSETS LESS CURRENT LIABILITIES 477,099 470,561 NET ASSETS 477,099 470,561 FUNDS Unrestricted funds Restricted funds Endowment funds 11 139,208 187,337 150,554 131,625 195,371 143,565 11 477,099 470,561 Signed on be lan Henley. ITre rerl The notes on pages 12 to 20 foi'm integi'al pal-t of tliese finAnciHI statemeDts Pagell
PAROCHIAL CHURCH COUNCIL or DITCHLING, STRE< AT AND WEI STMESTON NOTES TO THI FINANCIAL STATEI MEI NTS FOR THE YEI AR ENDEI D 31 DECEMBER 2024 l Accoiiiiting Policies Chai'ity infoi'niation Parochial Chui'ch Council of Ditchling, Sireat and Weslmeston is an unincorpoi'ated chai'ity registei'ed with the Chai'ity Conimission under the I'cfei'ence 1132488. la) Aecoynting coiivelltion These financial stateimeiils have been pi'epai'ed in accordance with Accouiiting and Repoi'ting by Cliarilies.. Statemeiit of Recoinmended Pi'aclice applicable to chai'ilics pi'epai'ii)g tl)eii' accounts in accoi'dance with the Finaneial Repoi'ting Siandai'd applicable in the UK and Republic of Ii'eland (FRS 102), tlie Chai-ities Act 2011 and UK Genei'ally Accepted Practice as it applies fi'om January 201 S. The Chai'ity is a Public Benefit Eiitity as defined by FRS 102. The Chai-ity lias applied Update Bulletin l as published on 2 Febi'uary 2016 and does not iiiclude a cash flow statement on the gi'ounds that it is applying FRS 102 Section IA. The financial slalements al'e prepai'ed on a going concern basis undei. the historical cost coiivention. The fiiiaiicial 5tateiiients are presented in sterliiig w,hich is the functional cui'i'ency of the Chai'ity and I'ounded lo Elle neai'est £. {b} Funds li ccounting Funds held by the PCC are.. Uni'esli'iclEdfuigds - these I'epresent the reinaining incojne funds thal al'e available for spending 011 genei'al pui'poses of the PCC. including amounts designated foi. spending on a futEJI'e project aiid M,hich are Iherefoi'e not disclosed in ils 'free i'esei'ves, as disclosed in d)e ti'ustees I'eport. Resli'ici¢dfiinds- these al-e income funds that must be spent on I'esti'icled pui'poses and details of the funds held and i'estrictions provided al'e shown in the notes to tlie accounts. Endowii?enifiinds- these are I'esti'icted funds that Inusl be retained as trust capital either pei'inanenily or subject to a disci'etionaiy powei. to spend capital as income, and whei'e the use of any incoine oi. other benefit dei'ived fi'om the capital may be I'e5tricled oi. uiii'esti-icted. Full details of all their re8lriclions al'e showi) in the notes to the accounts. Page 12
PAROCHIAL CHURCH COUNCIL or DITCHLJNG, STREI AT AND WEI STIIqEI STON NOTEIS TO TIIE f4KNANCIAL STATEMEI NTS (eontinuedl IOR T14L YEI AR E< NDED 31 Decenibett. 202 l Accounting Policies (CoDtinued} Icl Incoine I'csoiij'cts All incoine resoiirces are accounted for gross. Volunt31'y inconie Ploniieclgiving, collecfioJ?s siiiiilui. donalioi1S C7re recognised when received. Tax refunds are r¢tognised when tlie incoiiiii)g resources to whicli tliey relate is received. GiaF71S ciiid legacies arc ¢COllI1ted for wlien Il)e PCC is entitled to Ilie use of tl)e Tesources. tlieiT ultiniale receipl is considered reasonable certain and the amounts due are readily quantifiable. This is included in Ilie accounls when receivable. Gains aiid losses on investm¢nt5 Tlii5 iiicliides any gau) or loss oil sale of invcsunents and any gaiii or Ioss resulting fTom r¢valuing uivesliiients to markei value at the end of the year. All otliei. inconie All other Llicoine is recogni5ed wl)e]i it is receivable. Idl Resoiirces used All expenditute is accouiited for on an acoruals basis 8nd lias been classified ttnder lieaduigs tlial aggiegate all costs related to the category. Expendituie is recognised wliere tliere is a legal or constructive obligation lo make payin¢nts to third parties. it is probable tliat tlie settleineiit Ivill be iequired ]d the ]]U1 of the obligatioii can be iiieasiired reliably. All expenditure includiiig suppoit costs and goveniancc cost are allocated or apportioiied lo api)lieable ¢xpenditt)Te lieadings, as 1)oled below. Suppoit costs those that assist the work of tlie PCC but do not directly represent charitable activities aiid snclude office and govern]ce costs. Tliey are incurred directly in 5UPPOrt of expenditure on tlie objects of the Cliarity. Wiere support costs caiinot be directly attributed to particular headsngs the), liave been allocated on as basis consistent with the us¢ of the tesouices. Govemaiice Costs comprsse all costs iiiiiolvii)g the piiblic accounlability of tbe PCC and its compliance ivitli regulatSDI) and good piactkce. Tliese costs incliide costs related to indepeiident examination and legal fees. Wlieie they ca)noi be directly allTibiilable lo particular Iieadiiigs they liave been allocated oil a abasis consistent witli tlie use of the resources. lel Cliui'eli ketivities Tlie diocesaji parisli conlribuiioll 15 accowitEd for wlien paid. All was paid before die eiid of ihe year. Page 13
PAROCHIAL CHURCH COUNC of4 DITCHLING, STREIAT AND WEISTMESTON NOTES TO 'fHE FINANCIAL STATEMEI NTS (continiie(l) FOR THE YEAR ENDE< D 31 Decembei. 2024 l Accoiiiiting PolicÉes (Contiiiued) If) Fixed assets Taiigible fixed assets In so fai. as coiiseci'ated and benefice pi'opei'ty of any kind is excluded froin the statutoi'y defii)ition of charity" be Sectioii 10(2) (a) and (c) of tlie Chai'ities Act 201 I such assets are not capitalised in tbe financial statemeiits. Movable cbiii'ch l.1]Ishin held by the Vicai. and Churchwardens on special ts-ust for the PCC and which i-equll'e a faculty foi. disposal, lll'e accounted as Éiialienable pi'opei'iy ijiiless consecrated. They al'e listed in the cliui'ch's lliveiitoi-y which can be inspected but are iiot included in tlie accounts. Foi. inalieiiable pi-operty acquii-ed prioi- to l October 2007 tliei'e is insufficiejit cost inf011nation available and tliei'efore sucli assets al'e not valued in tlie account5. No individual iteins have been acquii'ed since l October 2007. All expeiiditure on conseci'ated or bei)eficed buildings and inoveable cliui'ch furnishings, whethei- maintenance oi. ll]IpI'oveinent , is wi'itten off as expeiiditw'e in the StAt¢inent of Fii)ancial Activities (SOFA). Depi'eciation Depreciation is calculated to wi'ite down the cost of tangible fixed assets, excluding fi'eeFLold propei'ties, over their expected iiseful lives. Equipineiit used within the chui-cli preLnises is depreciated on a sts'aiglit line basis ovei. 5 yeai's. (g) Investments Investtneiits al'e stated at mai'ket value at the balance sheet date. The SOFA iiicludes tlie net gains and losses ariSllig on the i'evaluations and disposals tlll'ougliout tlie year. {h) Shoi't tei'm deposits Shoi't-tei'in deposits include cash held on deposit eitlier witli the CBF clilch of England Funds, oi. at tlie bank. Page 14
PAROCHIAL CHURCFI COUNCIL OF DITCHLING, STREI AT AND wri Sl'ThqE< STOIN NOTEI S TO THE FINANCIAL SJ'ATEMIINTS (eontinued) rtOR THE YEI AR ENDEI D 31 DEI CEMBEI R 2024 Income resources TOTAL FUNDS 2024 TOTAL FUNDS 2023 Unresti'icted Fuiids Resti'icted Endowment Funds Funds Volui?laiy i17conie Plaiined giviiig Unplanned giving Collections at all othei. sei'vices Special appeals income Incoine tax I'ecovei'able Gi'ants Legacies 65,206 27,952 1,815 65,206 27,952 1,815 9,633 8,797 9,245 3,000 125,648 49,804 1,368 1,467 8,797 9,245 5,905 3,000 106,770 18,878 93,156 Acliviliesfor gei?ei'alingfu17d5 retes, bazaai's and othei. fund- Laising events 7,337 7,337 4,690 7,337 4,690 Inves1117ei?l incoii?e Dividends and interest 4,313 4,313 7,994 7,994 12,307 12,307 12,942 12,942 Incon7efi-0117 Church Aclivilies Hii'e of Emmanuel Centi'e Hii'e of ¢hiii'cli lan(Vbuildings Fees fi'om Weddings & Funerals 3,039 768 19,768 3,039 768 19,768 2,701 70 12,566 23,575 23,57S 15,337 Oihei- ii?coining I'esoup'ces Sundry income 1,606 1,606 16,214 1,606 1,606 16,214 Totxl inconiing i'esoul'ees 143,601 26,872 170,473 142,339 Page 15
PAROCHIAL CHURCH COUNCIL OF DITCHLING, STREIAT AND WESTMEI STON NOTE< S TO THE fiINANCIAL STATEMENTS (colltiyiued) FIOR THLI YE4 AR EI NDEI D 31 DE4 CEMBEI R 2024 3 Resources expellded TOTAL FUNDS 2024 TOTAL FUNDS 2023 Unresti'icted Resti'icted Eiidowinent Fuiids Fui)ds Funds Raising Funds Fui)d Raising Eveiits costs 1,460 1,460 1,356 1,460 1,460 1,356 ChLii"ch Activilies Missioiiary and chai-itable giviiig-. Seculai. Charkties 1,714 1,714 1,103 Hoine.. Hoine Missioii 1,714 1,714 1,103 Miiiistry costs.. Diocesaii parish conti'ibutioii Othei. clergy costs Chiircli ruiyiing expeiises Chui'ch maiiiteiiance Upkeep of services Upkeep of churchyard Einina]iuel Centi-e i'unning costs Youtli Woi'k Toddlei- Gi'oup Majoi. woi-ks aiid i'epairs Adiniiiists'atioii, statioiiei-y etc. Book keeping liidepeiideiit exaiTJinatioii fee Miscellaiieoiis costs Depi'eciatioii 54,799 6,549 14,418 12,674 7,285 6,200 2,718 9,790 54,799 6,549 14,418 12,674 7,285 6,200 2,718 9,790 78,795 6,340 14,443 6,260 11,275 6,560 3,112 30,068 52,006 4,045 6,050 1,134 259 1,256 180,897 52,006 4,045 6,050 1,134 259 1,256 180,897 33,412 3,344 1.134 2,356 1.256 199,463 Total resources expended 182,357 182,357 200,819 Page 16
PAROCHIAL CHURCH COUNCIL or DITCHLING, STREAT AND WESTMESTON NOTE4 S TO THE FINANCIAL STATEMENTS (contiiiued) 40R THE YEI AR EI NDED 31 DEI CEMBEI R 2024 Staff costs 2024 2023 Wages and salai'ies Pension costs 14,978 25,950 1,548 27,498 15,801 Average employee numbers 4(a) Payments to PCC Inembei's Dui'ing tlie yeai. the ti'ustee, Paul ChaiThan, was paid £6,200 for chui'chyai'd inaii)tenance sei'vices and tlie ti'ustee, Vii'ginia de LaPole, was paid £1,414.50 foi. cleai)ing sei'vices and vei'gei- fees. Analysis of ti'ansfers between fun(Is Uni-esti'ioted Funds Resti'icted Endowment Total Funds Funds 2024 Restricted income lowai'ds Weslmeston Gi'ant towai'ds St FAargai'et's Chancel Grant towards St Maigaret's Boiler Gi'aiit toiwai'ds Clock Gi'aiits towai'ds Cuitains Gi'ant towai'ds sigliage Grant tomrards Pliiiih Grant towai'ds wai. 8raves Gi'ants towards churchyard upkeep Total (2J,468) 4,523 5,110 (5,110) (234) (198) (275) (25) (15) (5,0)5) J8,88J) 198 275 25 15 5,035 Suppoi't costs Support costs Governance cosls 2024 Independent examination fees 1,134 1,134 1,134 1,134 Analysed between.. Charitable activities 1,134 1,134 I,li4 Page 17
IJAROCHIAL CHURCH COUNCIL 01," DITCHLING, STREIAI" AND MIESTIIIEI STON NOTEI S TO TFIE fiINANCIAL STATEIWIENTS {eontinued) 40II THE YEI AR ENDE< D 31 DECE< MBEI R 2024 Tangible fixed stsset5 Equipment Total Cost Addition At 31 December 2024 5,024 5,024 S,U24 5,024 Depreciatiorj Charge in year At 310ecember 2024 1,256 1,256 1,256 1,256 Net book value At 31 DÈcember 2024 3768 3768 7b Iiivestmeiits Uni'estricted Funds Resli'icted Endowment Funds Funds TotRI Market value l January 2024 Pui'chases at Cost Disposal proceeds RBvaliiation of iiiveslments 11 I'ket value 31 Decembei. 2024 119,113 171,568 143,565 434,246 (9,998) 3,977 165,547 (9,998) 18,422 442,670 7,456 126,569 6,989 150,554 Analysis of net assets betweell funds Uni'estricted Funds Resli'icted Bndowment Total Funds Funds Funds 2023 Fixed assets Investments Cash and deposits Debioi's Curi'ent liabilities 3,768 126,569 5,835 7,723 {4,687) 139,208 3,768 442,670 27,62S 7,723 (4,687) 477,099 165,547 21,790 150,554 187,337 150,554 Debtoi's 2024 2023 Gift aid recovei'able Othei. debtoi's 1,692 6,031 7,723 8,390 6,012 14,402 10 Ci'editoi's: amoiints falling due iiiitliiii one year 2024 2023 Othei. creditors and accruals 4,687 4,687 10,234 10,234 Page 18
PIlllOCHlIlL C14LIRC14 COUNCIL OF Dl"fcHLIN'G, STREIAT AND Il'E4 STIl,IES'foN NOTES TO THE filNANCIAL STA'fLI MENTS leontinvedl roil THE YEI AR E4 NDED 31 rJECEIMBEI R2024 li Stiltcments of funds Bal blfwd 01-Jaii-24 Iiicome Expenditure Transfers Gains l BAI tlfivd (losses) Jl-Dec-24 Uni'estJ'ict¢(J fi und General Fiind 23,610 143.601 1173,791) 94,986 7,456 95,862 De5Lgniled Aiidrey Day Streat Bani Mission Fund 43,346 64,669 18,5661 156.1031 Total Unrcstriclcd lJl,625 143.60 1182,J57) 7,456 139,208 Restricted Fund Ab'gavenny Proj Invst Chancel Trust Deposit Choir stalls Tumer Dunibrell Foundation Tiirner Diimbrell Foiindais011- Curtain grant Tiimer DwDbrell Fouiidation-ChiirchybTd maineiiance FTiends of St Margarei's Other restricted i]iconie Swan Perkins Trust TThveslnient Swan Perkins Trust Deposit Mabel Bailies Deposit LaRibert l & 2 Trust Deposit Clock Fund Men)orial Book 40.427 7,549 500 925 41,352 7,948 500 583 3,447 399 3.645 4.000 9.633 1.350 (198) (4,000) 19,6331 11,3501 19,9981 (5,700) (2,520) (5,250) 1234} 131,141 7,299 1919 5,646 3.052 124,195 5,309 200 3710 801 3.084 250 3,480 IG 307 307 195,371 26,872 (38,883 3.977 187,337 I ndownieiit fi und M Baines Trust Lambtrt l Trust Lambert 2 Tnist W H Fitzjiugh Trust Scarf¢ Tnt 27,104 14,015 101,696 463 287 143,565 621 321 6,029 io 27,725 14,336 107,725 473 295 6,989 1S0,S54 Refer to p&ge 20 for noies on fuiids Page 19
PAROCHIAL CHURCH COUNCIL or DITCHLING, STREAT AND IIIEI STMEI STON NOTEI S TO THE f4INANCIAL STATI4 MEN'I'S (contiiiued) FOR T'HE YEI AR NDEI D 31 DLI CEIMBER 2024 Note I I coy)tiiiued Funds De5ign14 ted The parTsh was left a legacy of £43.346 by Audrey Day. This amount has been desiBnaled to fund future projec15 in St M8rgaiel's for the benefit of the parish. Tlie PCC received proceeds of £154,414 froin Ilie 5dle of Streat Barn In 2015. This ainoiinl was desi8n8led lo tl)e 'Slreat Barn Mission fund., by Ilie PCC ai tlie time of sale. on the iindeisalnding that Ille iiitial USB of these Inoiiie8 would be lo effect certain iinpravemcnl works in Stieal Church. Thes¢ have now been tOTnpleted aiid tlle residual baldnct lias bEen Iransfeerred lo the GenEial Fiind. Resti"icted The following ar¢ restricted to th¢ pvrpose5 for Mihieh the funds have been giveiTr.' The Abergsv6nny Projeels Fund was opened with the proceeds froin tl)e winding up of a 5rnall trust. The Abergaveniiy Chapel M&iiilenaiice Fiind, held by Ilie Dio¢¢se ai)d released by the Cliarity CominissioREFS in 2004. Tlie PCC re-liiled it aiid re8lrTtted its iise to the maiiiten8nce and restOTalioi) of Si MaTfTarei's ehiirch. In 2022 the PCC agreed that the application of the Fund should be changed to the use for the tn8intenance and restoration of Si Margaret's Church. with capiizl and income froin the fund being used to suppori general expenditure on the running costs of St MaTgarel's. including expenditUTe on aiidio-visual needs. St Margaret's Chancel Deposit is Ilie fund siipported by St Margaret's Chancel Trust and 15 held by the Diocese. It is restricted to tlie Inaintenance of the Chancel. Clock Flind- for rnoney given for the rnaintenance of Sl MargaFet's ¢lock. Sivaii Perkiiis TTUSt- rther]ng the religious and charitable WOTk of the Church of Ejigland in the parishes of Sireal and Weslmesion including the repair and tnaintenance aiid upkcep of the fabric of lh¢ churche5 lll tlie said pari51ies. The PCC llolds an investment account and a deposit account for this TIu5t. Mabel Baine5- a Restricted deposit fijnd 15 held by the PCC for income frDm tlie Mabel Baines Endowtnent. ri ndoivment- The following fvnds are held by the Diocese on behalf of IhE PCC St Margaret'5 Chancel Rep8ir Trust- thi5 investineni account 15 held directly on Irust by the ChichesteT Dioce58n Fund and Board of Fin8nce IDBFI and Iiol shown iii thesc accounts, on Iht advice of Ilie Diocese. For Iransparency. the capital Ipalue of thTs actounl was £14,103 al 31 Deteinber 2024. Dividend iLi¢ome froin this account is paid into the PCC'S bank accouni and is available for geneial use Iii St Margaiei's Church.This incorne lolalled £382 in 2024. Mabel Baines- the incom¢ froin thi5 investment is foi repairs 10 the fabric and fuinishing5 of Westme5ton Church and tlie upkeep of its chui¢hyaTd. Lambert l - the incotne froin this fi]nd is for tlie upkeep of a gravE ond the giaveyard at Weslineston Cl)urch and also for the fabric of the chuTCh. Lainbeff 2- the income froiii Iliis fund 18 for 115e on the fabric of Westine5tDlI Church, unl¢ss Ilie R M Lambert and H C Lane memorials are not kept in gDod repair. in ivhich ¢ise it 15 for the upkeep of St Margaret's Chiirch iii tnemory of A.P. Lambert'5 IvEf¢. Scarfe- incorne frojn thE copilal is lo be used fer Ilie upke¢p of eertaiii Brave5 111 Streal cliurchyard. Any surp1115 IS to be used ftir di51ribiition lo ihe poor of the parish each Clirislinas. Fitzliugh- the iiicoine froTn this fviid is 10 be iised for the upkeep of tlie grave in Sireal chui¢hyard. The PCC liolds thi5 iiiveslmeiil. Page 20
PAROCHIAI. CHURCH COUNCIL OF DITCHLING, STREI AT AND WESTMII STON INIDEI PENDE< NT EI XAMINEI RS, REt PORT TO THI PAROCHKAL CHURCH COUNCIL OF DITCHLING, STREAT AND WESTMESTON We i'eport oil the accouilts of the chai'ity for tlie year elided 31 Deceinbei. 2024 which al'e set out on pages I 1020 Respective i-esponsibilities of ti'ustees and examinei's Tlic Lhai'ity's ti'ustees al'e I'esponsible foi. Ilie pi'epai'alion of tl)e accounts. The charity's ti'ustees considei. that atj audit is not i'equii'ed foi. this yeai. linder sectioii 14412) of the Charities Act 2011 (the 201 l Act) and that an indepeiident examiiiatioii is needed. It is oui. i'espoiisibilily to.. ex21niiie tl)e aCCDunts under Section 145 of the 2011 Act. follow tlie piocedui'es laid down in the genei'al Dii'ections giveii by tlie Charity CDminis5ion under section 145(5)(b) of tlie 201 l Act. aiid state whether particular mattel's have coine to Qui. attention. Basis of independent exRminei's? st2tement Our exainination was carried out in accordattce with Eeneral Dii'cctions given by the Cliarity Coinmission. Ai) exainination includes a review of the accountiiig recoi'ds kept by tlie cl)ai'ity and a comparison of the accounts pi'esented with those i'ecoi'ds. It also includes coiisideration of any unusual items or disclosures in the accouiits, aiid seeking explanatioi)s fi'om you as trustees concei'niiig any such InRtter5. The pi'ocedui'es undeilaken do not pi'ovide all the evidence that would be I'equii'ed in ali audit, and consequently no opinion is giveii as to whetlier the accounts pi'tsent a "Ii'ue and fail. view" and tlie report is limited to Ihose mattel's set out in the slatemei)t below. Indepeiident exAmiiiei's' statement In connection with oui. exaininatioi), no Inattei. lias come to our atteiilion.. which gives us i'easonable cause to believe that, in aiiy material i'espect, the i'eqiiii'einents.. to keep accounting i'ecords in accoi'dance wilh 5ectioiJ 130 of the 201 l Act. and to pi'epai'e accounts which accoi'd with Ilie accouiiling i'ecords and coinply with the accounting requirements of the 201 l Act have iiot been met,. or to which, iii oui. opinion, attentioii sliould be drawn iii oi'dei. to enable a proper uiiderslanding of tlie accounts to be reached. Axwe -Gum ClIAi-tered Acco I West Sti'eet Leives 1 Ilst Sussex leton BN7 2NZ Date %14 u 2025 Page21