111.IlN I)I-'()IIL) r()RlJiKI Accounts for the Parochial Church Council of the Parish of St Peter & St Paul, Blandford Forum for the year ended 31 December 2024 Parochial Church Council of the Parish of St Peter & St Paul, Blandford Forum Notes to the Flnan lal Statemen ear nded 31 December 2024 Accounting Pollcies The PCC is a public benefit entity within the meaning of FR5102. The financial statements have been prepared in accordance with the Charities Act, 2011 following procedures laid down in the General Directions given by the Charity Corn missioners under section 14515llbl of the Charities Act, 2011. Under section 144121 of this Act an audit 15 not required for this year. The statement5 have been prepared also in accordance with Church Accounting Regulations on the accrual basis. They include all transactions, assets and liabilities for which the PCC is responsible bv law. They do not include the accounts of any church groups that owe their affiliation to another body nor those that are informal 8atherings of Church members. Any income received which exceeds the requirements of the purpose for which it is raised or donated will be transferred to Church general funds lunrestrictedl. We are currently using a software accountancy packaBe called Expense Plus which has been specifically desi8ned to provide a more 3ccurate cloud based financial position in real time. Flnanclal Revlew Total incoming resources for all fund5 was £259,787 compared with £735,353 the previous year. The disparity in amounts is lar8ely due to the proceeds from the proceeds of sale of Anne Shire's house in 2023 and the 8rants received for the restoratlon of the roof project. The proceeds of Anne Shire's house was notionally de518nated as to £IOO,000 towards the costs of providin8 a Children's Ministry Leader and work relating to that position with the balance being towards the proposed re-ordering and restoration of the Church's interior. As at 3 1 December the balance of funds desi8nated for the Children's Ministry was £97,880. The reason for the only sli8ht reduction since 2023 15 due to the policy of allocatin8 all of the interest generated on Anne Shire's legacy towards this fund. In January 2023, the monthly donation5 throu8h the Parish Givin8 Scheme was £2,885 by December 2024 this has risen to £3,820. There are currently 34 members signed up for PGS with 11 having elected for annual inflationary increa5e5. There are currently 12 member5 who 8ive monthly by standing order. That equates to 32.6% of the worshippin8 community who are regular givers. We l)ave two fully operatioiial coi)tactless device5. One iii the Pori51i Cei7tre ai)d one in the Churcl). The arnount collected varies from week to week. On avera8e we are receivln8 £24 per week up from EIO-IS per week in 2023. We received the balance of the Heather Bracewell legacy in 2023 of £36,470. Thls money is desi8nated for the Herita8elFabric Fund. Both the costs of gas and electricity for the Church were within bud8et for 2024 and the total running costs for the utilitles and maintenance amounted to £15,806 a8ainst a budget of £16,950. The costs of putting on services however did increase (candles, wine, wafers) as well as costs for coffee and refreshment5. Total net assets was £372,538 as at 31 December 2024 compared to £378,061 as at 31 December 2023. Assets Consecrated and benefice ro In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" BY Section 10121 lal and Icl of the Charities Act 2011 such assets are not capitalised in the financial statements. Moveable church furnishin These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In these cases, the item is not capitalised but are included within the Church's inventory. Tan Ible Flxed Assets for use These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost. A depreciation of IO% has been allocated for 2023 towards the PA and lighting system. Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives. No depreciation is provided on buildings as currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Funds Endownment Funds are funds, the capital of which must be maintained; only income arising from the investment may be used as restricted or unrestricted funds depending on the purpose for which the endowment was established. This fund was generated from the sale of Lesley House. Restrlcted Funds relate to income received for a specific objective. These funds can only be spent on the specific purpose for which they are given. The PCC does not invest separately for each fund. The Restricted Funds as at 31 December 2023 are Heritage/Fabric Fund For specific Church Buildin8 Repairs and Maintenance £42,963 Parish Centre Relates to the running & upkeep of the Parish Centre £972 Youth Support for Youth Work £416 Organ Relates to specific work to the organ £757 Mothers Union For work relating to Mothers Union £227 Hardship For those in particular financial need £0 Bellringers Fund Held on behalf of the Bellringers £1,746 Desl nated Funds relate to funds earmarked for a designated purpose such as the Parish Centre or Flowers but can also be used as unrestricted funds if required. The Community Kitchen Fund is a designated fund. The following are the designated funds held as at 31 December 2023: Community Kitchen £3,185 Heritage & Fabric Fund £30,093 Flowers £429 Friends £1,061 Restore Parish Centre Youth £847 Children's Ministry £97,880 Church Re-ordering £228,563 General Unrestrirted Fund is the fund used by the PCC for PCC ordinary purposes. Unrestricted funds represent the funds of the PCC that are not subject to any special restrictions regarding their use. The fund stood at £932 as at 31 December 2024. £10,000 was allocated from the Church Re- Ordering Designated Fund to the General Unrestricted Fund in 2024 Income Resources Planned giving, collections and donations are recognised and received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Interest entitlements are accounted for as they accrue. All income resources are accounted for gross. Resources Used All expenditure is accounted for on an accrual basis and is accounted for gross. The diocesan parish contribution {Sharel is accounted for when paid. Related party transactlon5 and councll memberfs remuneratlon No member of the council received any remuneration for their work as trustees. No members of the PCC or other persons related to the PCC had any personal interest in any contract or transaction entered into by the PCC durin8 the year. Expenditure 100% of the Diocesan Parish Share amountin8 to £58,826 was paid. It is a priority of the PCC to pav in full the Parish Share. The Parish Share is the sum that the Churches in the Deanery have to find and is shared between the Churches according to a formula that is based mainly on the numbers in our worshiping community. It is the cost of being part of the Salisbury Diocese. No employees received emoluments of more than £60,0(K). The average number of employees during the year was three. Employees worked between 9 and 30 hours per week each. Reserves pollcy It is the PCC policy to maintain a balance on unrestricted funds lif possible) which equates to approximately six months unrestricted payments to cover emergency situations that may arise from time to time. This was not achieved in 2024 from unrestricted funds but was achieved in a￿regated with designated funds. Parish Centre The total income from the letting of the Parish Centre was £12,685 in 2024, up slightly from 2023 of £11,667. The electricity costs for the Parish Centre remain high. In 2024 it was £3,17512023 £2,674) against a budgeted figure of £3,000. Both the usage and rate is higher than previous years. Maintenance and repairs were also higher than expected £5,032 against a budget of £1,500. Overall the Parish Centre made a loss of £907. A vast majority of the staffing costs have been met out of the 8eneral church funds rather than a proportion being allocated to the Parish Centre Fund. Restore The cost for the work was completed in 2024. 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Iiui 1111 1111 1111 1111 1111 1111 Iiiu 11 11 11 1111 illiiu 1111 1111 1111 1111 25° April 2025 Parochial Church Council of Parish of St Peter & St Paul, Blandford Forum INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the PCC of Parish of St Petsr & St Paul, Blandford Forum On accounts for the year ended 31 December 2024 This report on the accounts of the PCC for the year ended 31 De￿rnber 2024 is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 and s.144 of the CharitiesAct 2011. Respective responsibilities of trustses and examlner The members of the PCC consider that an audrt is not required for this year (under sedion 144 of the CharitiesAct 2011 (the Act)) and that an independent examination is needed. It is my responsibilty to: Examine the accounts (under section 145 of the Act); To follow the prO￿dureS laid down in the General Directions given by the Chaiity Commission (under section 145(5)(b) of the Act), and To state vA)ether particular matters have come to my attention. Basis of independent examiner's Ststement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the tNstees con￿MIng any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent examiner's statement In the course of my examination, no matter has come to my attention.. which gives me reasonable cause to telieve that, in any material ￿SpeCt, the trustees have not met the requirements to ensure that.. proper accounting records are kept (in accordan￿ wth section 41 of the Act),. and accounts are p￿pared which agree with the accounting ￿CordS and comply wrth the accounting requirements of the Act,. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: . .StseWtKtIe............. Date.. .25°April 2025.... Sue Wintle FMA4T, ACIE Accounting Technician, Association of Charity Independent Examiners 27 Bascott Road Wallisdown Boumemouth Dorset BH118RJ