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← The Parochial Church Council (Pcc) Of The Ecclesiastical Parish Of Bromsgrove

2024-12-31-accounts

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove

Registered Charity No: 1132777

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024

Consolidated accounts incorporating the churches of:

All Saints Bromsgrove Christ Church Catshill with St Luke Marlbrook Holy Trinity & St Mary Dodford St Godwald Finstall St John the Baptist Bromsgrove with St Andrews Charford St Michael & All Angels Stoke Prior St Mary de Wyche Wychbold St Michael Upton Warren

Principal Office:

c /o St John’s Church Office 14 Kidderminster Road Bromsgrove, Worcestershire, B61 7JW

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Table of Contents

Page
Table of Contents 2
Report of the Trustees 3 to 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 18

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Report of the Trustees for the Year Ended 31 December 2024

Governance

The Parish of Bromsgrove comprises six Districts: All Saints Bromsgrove; Christhurch Catshill with St Luke Marlbrook; Holy Trinity and St Mary Dodford; St Godwald Finstall; St John the Baptist with St Andrew Bromsgrove, and St Michael and All Angels Stoke Prior, St Mary de Wyche Wychbold, and St Michael Upton Warren.

The governance of the parish is determined by the Parochial Church Councils (Powers) Measure 1956 as amended, and the Church Representation Rules. The Parochial Church Council is a Registered Charity, number 1132777, and is regulated by The Charity Commission for England and Wales.

The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. Members of the congregation are always encouraged to join the Electoral Roll, and to consider standing for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The full PCC met six times during the year. Given its wide responsibilities, the PCC delegates much of the governance and operational matters to each District’s Church Council. Each reports to the full PCC, with a summary of the minutes of their meetings.

The Standing Committee consists of the Vicar, Churchwardens and Treasurer. This is the only committee required by law and has the power to transact business of the PCC between its meetings, subject to any direction of the Council. It meets as required.

Charitable Objectives

The Parochial Church Council (PCC) works with the clergy, churchwardens, and District Church Councils within the Ecclesiastical Parish of Bromsgrove to promote the whole mission of the church in Bromsgrove through worship, pastoral care, evangelism, and social and ecumenical activities.

Core Achievements in 2024

2024 was a year of reflection and change for the parish of Bromsgrove. Our Team Rector and one of the Team Vicars retired, leaving vacancies across a large part of the Parish. The PCC have carefully considered the characteristics they would like to see in their new clergy and applications have been sought.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Our financial position over the year deteriorated again slightly; overall our income remained consistent but below required expenditure, even with determined control of costs balanced by a clear commitment to continue to invest in our buildings for mission and ministry. The balance sheet shows a fall in net assets of £51,068 to £984,863. The most significant expenditures relate to church running costs and Ministry Share. The health of individual districts varies significantly with substantial reserves supporting Dodford and Christ Church whilst the financial positions of St Johns, All Saints and St Godwald’s continues to present challenges without significant reserves to fall back upon. The Wychebrook group also consists of three churches which places additional burdens on them.

Overall, our church communities continued to contract numerically, though this is mainly because the death rate amongst our congregations exceeds our current growth rate. The absence of clergy in most of the districts has been heavily felt across the Parish.

The PCC met six times during the year and the core focus throughout the year was reflecting on how we currently minister God’s word to the people of Bromsgrove and how we can best do that going forward. Each church district has different characteristics and different local populations giving rise to challenges but also opportunities.

We reported last year that the DCCs of Dodford and Christ Church both decided to commit from their reserves the finances required to support a part-time stipendiary post for a minimum of three years. This recruitment process was still underway by the 2024 year end though at the time these accounts are signed we are delighted that the position has been filled.

The position of Team Rector is currently vacant. The appointed leader’s approach will have a significant impact on the way the Parish develops into the future but is expected to build on the continuing work in the ‘New Worshipping Communities’ (NWC); these congregational initiatives are designed to attract a wider range of people to church through the provision of a greater diversity of worshipping opportunities. Reports from each NWC were provided to the PCC: Rise and Shine, 20 is Plenty, Pizza Church, Soul and Senses, ‘Songs of Praise’ and ‘Service of the Word’.

In regards to the buildings in our care, ongoing works are always required at all churches and as most buildings are historical the costs of these works are significant. The Friends of St John’s continued fundraising for the repair of St John’s church spire and it is hoped that the project will be completed in 2025. Refurbishment of the Organ at Dodford is also taking place during 2025. Each District had some works completed and the costs of necessary works is becoming a challenge.

On a more positive note, 2024 marked the 150[th] anniversary of All Saints Church and a number of events were held to mark the occasion and celebrate the community

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

there. The events were all well received and raised much-needed funds for the church.

The option to appoint a youth minister for Bromsgrove remains, the appointment process was paused pending the appointment of the main clergy. The PCC are keen to engage younger people in Bromsgrove to encourage them to join us in Church. This position will be revisited in 2025.

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). Our thanks goes to the Safeguarding team for keeping us all up to date.

Financial Review

The total net assets as at the year-end were £984,863, and of these, £240,929 are restricted reserves. Most of the funds are held as cash or on deposit in interest bearing accounts. The nature of church life means that there is an overabundance of fixed costs that are difficult to reduce. Our three largest costs apart from Ministry Share were our seven employees (£45k), insurance for all our church buildings (£31k), and utilities (£38k). Ministry share requested in 2024 was £133k, of which the PCC was able to pay £109k, despite the significant vacancies over the year.

The number of occasional offices during 2024 (with prior year in brackets) was: Baptisms: 60 (43); Weddings/Blessings 23 (16) and Funerals 113 (68).

The new financial strategy adopted late in 2023 continued to evolve throughout 2024. At the heart of the strategy is a determination to move to better information being available to the PCC and DCCs. The first step in this is quarterly management reports and annual budgeting for all Districts. Budgets for 2025 have been prepared and will be used for the reports to both PCC and the DCCs. Regular reporting remains a challenge as the information all needs to be logged before the reports can be produced. Our whole-hearted thanks goes to Sharon Charles, parish book-keeper, for her work to prepare the reports for the DCCs and PCC as/when they need it. Further improvements to operations and governance are expected in 2025.

The PCC has set a budget for 2025 with a deficit of approximately £90,000. This deficit is largely due to the increased costs of clergy which is expected to improve the position long-term. The PCC were willing to approve a deficit budget at this time as it gave a more realistic expectation of necessary expenditure and will be reviewed throughout the year against projected and actual income and spending can be reduced if deemed necessary.

The PCC has a Reserves Policy but not all districts are able to comply at this time. The PCC’s policy is to hold free reserves broadly equivalent to 3 months’ expenditure for the following reasons:

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

  1. To manage cash flow and contractual obligations;

  2. In case of significant building maintenance being required; and

  3. Against loss of income whilst buildings are not available for rental.

Volunteers

The members of the PCC would like to thank all the volunteers who work so tirelessly to make our churches the welcoming core to our diverse community.

Trustees

The following trustees served as members of the PCC during 2024 and were appointed in accordance with the Pastoral Scheme and the Church Representation Rules. All the trustees gave their time voluntarily and received no private benefit from the PCC.

The PCC and Board of Trustees meet no less than four times per year. In between meetings day-to-day management is delegated to the PCC Standing Committee in accordance with Church Representation Rules.

Clergy Churchwardens Revd David Ford, chair (Resigned 14 Aug 2024) Susan Bryant Revd Paula Honniball (Resigned 2 Jun 2024) Susan Ward Revd Ray Khan David Coulson Revd Janet Hatton Pat Hackett Revd Richard Sandland (Resigned 3 Mar 2024) Dorothy Woodhouse Philip Smiglarski Deanery Synod Representatives Caroline Spencer Rosemary Sumner Normal Hewer Rachel Jennings Julie Hill Janet Hewer Matthew Yeo (Resigned Dec 2023) Ian Reading Pat Hackett

LLMs District Council Members
Hilda Roxborough Suzanne Thompson
Eleanor Newbold
PCC Secretary Normal Hewer
David Coulson Michelle Bovey
Rachel Jennings
PCC Treasurer Ian Reading
Sarah Marshall

I close this report by expressing our thanks to all who volunteer their time, skills and energies for the church. The shortage of church officers is a very significant challenge and I acknowledge the additional burden this issue places upon those who do step forward to occupy these important roles.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

In addition, we continue to be deeply indebted to our paid staff. Lauren Jones and Irene Caswell-Berwick continue to work tirelessly for the parish as our administrators. As does our parish book-keeper, Sharon Charles, and her daughter, Gemma Charles. Our three cleaners, Dawn, Emma and Jayne, work hard to maintain our halls for the benefit of the general public and congregations alike.

2025 will bring its own unique set of challenges but is set to be a more optimistic year than has just passed. United by the love of God and the gospel, the PCC is well placed to meet them.

This Report of Trustees was adopted by the PCC and Board of Trustees on

2025 and signed on its behalf by Ray Khan, Chair of Trustees.

With love and prayers

Ray Khan Chair of Trustees

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Independent Examiner’s Report to the Trustees of the Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove

I report to the Trustees of the Parochial Church Council of the Ecclesiastical Parish of Bromsgrove (the Charity) on my examination of the accounts for the year ended 31 December 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charities Commission under section 145 (5) (b) of the 2011 Act.

Independent Examiner’s Statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of the independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Paul Johnston

Dated : April 2025

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2024

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The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Statement of Financial Activities for the Year Ended

31 December 2024

2024
2023
Unrestricted
Designated
Restricted Endowment
Total
Prior year
funds
funds
funds
funds
funds
total funds
Income and endowments from:
3
Donations and legacies
3.1
160,157
16,973
4,407
0
181,537
185,377
Income from charitable activities
3.1
77,748
29,643
350
0
107,741
99,432
Other trading activities
3.3
0
0
0
0
0
0
Investments
3.4
12,885
9,010
6,579
0
28,474
24,215
Other income
3.5
0
4,960
694
0
5,654
25,090
Total income
250,790
60,586
12,030
0
323,405
334,113
Expenditure on:
4
Raising funds
4.1
2,738
1,306
180
0
4,224
5,322
Expenditure on charitable activities
4.2
273,756
106,748
2,300
0
382,805
394,306
Other expenditure
4.3
42,634
-42,634
0
0
0
0
Total expenditure
319,128
65,420
2,480
0
387,028
399,628
Net income / (expenditure) before
transfer
-68,338
-4,835
9,549
0
-63,623
-65,514
Transfers:
Gross transfers between funds - in
75,130
5,801
41,247
0
122,178
50,815
Gross transfers between funds - out
-11,069
-66,674
-36,659
-7,776
-122,178
-50,815
Total transfers
64,061
-60,873
4,588
-7,776
0
0
Other recognised gains / losses
Gains/losses on investment assets
9,131
3,170
174
81
12,555
37,466
Net movement in funds
4,854
-62,537
14,311
-7,696
-51,068
-28,048
Reconciliation of funds:
Total funds brought forward
391,732
406,278
226,618
11,303
1,035,931
1,063,979
Total funds carried forward
396,586
343,741
240,929
3,607
984,863
1,035,931

All number are rounded to the nearest £ and therefore there may be minor differences in totals

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Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Balance Sheet at 31 December 2024

Notes
£
£
Fixed Assets
Investment Assets
8.2
29,712
Current Assets
Debtors
8.3
14,679
Investments
8.4
385,672
Cash at Bank and in Hand
8.5
574,204
974,555
Creditors: Amounts falling due
8.6
-10,385
within one year
Net Current Assets
964,170
Total Assets less current liabiliies
993,883
Creditors falling due after
8.7
-9,019
more than one year
Net Assets
984,863
Represented by:
Capital Funds
Endowment Funds General
8.8
3,607
Income Funds
Restricted Funds
9
240,929
Designated Funds
9
343,741
Unrestricted Funds
9
396,586
984,863
2024		 2023 2023
£
£
36,803
11,286
373,976
656,723
1,041,984
-33,139
1,008,845
1,045,648
-9,713
1,035,935
11,303
226,618
406,278
391,732
1,035,931
1,045,648
-9,713
1,035,935
11,303
226,618
406,278
391,732
1,035,931

All numbers are rounded to the nearest £ and therefore there may be minor differences in totals

The above financial statements were adopted by the PCC and Board of Trustees on 2025 and signed on its behalf by Ray Khan, Chair of Trustees.

Ray Khan Chair of Trustees

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Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts

1 Accounting Policies

Charity Information

The Parochial Church Council (PCC) of The Ecclesiastical Parish of Bromsgrove is a charitable organisation. The principal office address is 14 Kidderminster Road, Bromsgrove, B61 7JW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102 .

The PCC has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements include all transactions for which the PCC of the Parish of Bromsgrove can be held

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future . Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for any expenditure that the PCC (through the DCCs) thinks necessary to support the Parish's mission.

Designated funds have been reserved by the DCC for specific purposes but can be re-designated by the DCC and/or used as unrestricted funds.

Restricted funds are available to be expended only on the objectives expressly specified by the donors for the purposes for which the funds were raised.

Endowment funds are usually in the form of an investment or cash deposit and define the purposes to which the income from the investment can be used. Unless the endowment specifically permits the use of the capital sum, only the interest can be used .

1.4 Income

Income is recognized when the PCC is legally entitled to it, the amounts can be measured reliably and it is probable that income will be received.

Grants and donations are recognized in the Statement of Financial Activities when any pre-conditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

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Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

1.5 Expenditure

Expenditure is recognized once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed assets - All assets purchased are expensed in the Statement of Financial Activities and not capitalised.

1.6 Fixed asset investments

Fixed asset investments are basic financial instruments and are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and any disposals throughout the year.

1.7 Financial instruments

Debtors

Debtors are measured at the undiscounted amount of cash receivable.

Creditors / Liabilities

Liabilities are measured at the undiscounted amount of cash payable.

1.8 Pension costs and other post-retirement benefits

The PCC participates in a defined contribution pension scheme. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.

1.9 Reserves policy

Each DCC is charged with maintaining adequate unrestricted funds to meet short term unrestricted payments , excluding Ministry Share. Restricted funds balances are held in reserve in cash or investments until required for their specified purpose. Whilst Ministry Share is important, it is unrealistic to hold unrestricted funds to cover total amounts due.

1.10 Gift Aid status

The Parish is registered with HMRC to claim Gift Aid tax rebates under both the main scheme and GASDS.

2 Critical Accounting Estimates and Judgements

In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates .

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

3 Income

3.1 Donations & Legacies
Donations & Gifts
Legacies Receivable
Grants Receivable
Gift Aided Donations
Other Income
3.2 Charitable Activities
Fees: Weddings & Funerals
Other Income
Church Hall Income
Magazine Income		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
33,256
348
0
33,603
2,174
0
0
2,174
2,394
10,200
0
12,594
91,896
2,135
3,450
97,481
30,437
4,291
957
35,684
160,157
16,973
4,407
181,537
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
25,202
150
200
25,552
1,076
0
0
1,076
40,408
27,020
0
67,428
3,053
0
0
3,053
69,739
27,170
200
97,109
2024
2024		 2023
Total
Funds £
38,727
2,181
19,274
87,268
37,926
185,377
2023
Total
Funds £
25,798
1,246
55,926
3,145
86,115

Church Hall income and Magazine income are classified as income arising from charitable activities to reflect the nature of these incomes.

3.3 Other trading activities
Fundraising
3.4 Investments
Dividends
Bank/Building Society Interest
3.5 Other income
Insurance Claims
Other Investment Income		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
8,009
2,472
150
10,632
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
9,487
1,825
259
11,572
3,398
7,184
6,320
16,902
12,885
9,010
6,579
28,474
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
0
4,960
0
4,960
0
0
694
694
0
4,960
694
5,654
2024
2024
2024		 2023
Total
Funds £
13,317
2023
Total
Funds £
11,295
12,920
24,215
2023
Total
Funds £
24,800
290
25,090

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Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

4 Expenditure

Raising funds
Fees/Subscriptions
Fundraising Costs		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
1,860
681
71
2,612
878
625
109
1,612
2,738
1,306
180
4,224
2024		 2023
Total
Funds £
4,268
1,054
5,322
Expenditure on charitable activities
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
Staff Costs
1,627
43,828
32
45,488
Church Running Costs
113,784
39,847
944
154,575
Hall Running Costs
14,034
9,732
0
23,766
Church Maintenance
14,540
3,061
1,174
18,775
Church Repairs
8,305
0
0
8,305
Hall Repairs
4,800
8,610
0
13,410
Charitable Giving
1,862
1,070
150
3,081
Ministry Share
109,532
0
0
109,532
Church Leases
2,066
0
0
2,066
Clergy Expenses
3,207
0
0
3,207
Professional Fees and Independent Exami
0
600
0
600
273,756
106,748
2,300
382,805
2024		 2023
Total
Funds £
47,515
101,152
30,618
32,052
40,871
0
5,800
125,000
2,322
5,495
3,480
394,306

4.2 Expenditure on charitable activities

Costs for organ/piano tuning, organist and musician fees, and upkeep of services are included in ‘Church Running Costs’ to properly reflect the nature of these costs.

Upkeep of Churchyard costs are included in ‘Church Maintenance’.

Independent Examiners fees were £1,500 for this year, 2024.

Other expenditure
Parish Team Costs		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
42,634
-42,634
0
0
2024		 2023
Total
Funds £
0

4.3 Other expenditure

Each District pays a Team levy, the total of which is shown here. The expenditure paid from the Team account is included above according to the category the expenditure relates to.

5 Related party transactions

There were no disclosable transactions in respect of PCC members or persons closely connected with them or

6 Employees

The average monthly number of employees during 2024 was 7 (cf 7 in 2023). Employee wages and salaries in 2024 amounted to £40,791 with no other pensions costs. No employees exceeded £60,000 annual remuneration.

7 Taxation

The charity is exempt from taxation and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

8 Balance Sheet

8.1 Tangible Fixed Assets

In general, all inalienable and historic assets are recorded in the Church Inventory, but reliable cost information is not available. Significant costs would be involved in obtaining sufficient information to enable realistic and meaningful valuations to be obtained.

With regards to Holy Trinity and St Mary’s Dodford assets retained for the church use (at nil value) include two items of material cost:

8.2 Investment Fixed Assets

At January 2024 Disinvestments Revaluation At 31 December 2024

£ 36,803 -7,950 859 29,712

The investments comprised:

(i) legacies of Haines & Dipple; legacy of Gillibrand - these were realised during 2024 and transferred to the Fabric and Churchyard funds respectively (ii) part of the ‘Stoke Prior Wychbold and Upton Warren Fabric Fund’ held as 1,000 shares in CBF Church of England Investment Fund and 2,000 shares held in the CBF Church of England Fixed Interest Securities Fund, and

(iii) Christchurch Catshill endowment funds held as 500 shares in the CBF Church of England Investment Fund.

Debtors
Gift Aid Recoverable
Other Debtors including
prepayments and accrued income
Total Debtors		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
7,035
34
482
7,550
4,272
1,580
1,277
7,129
11,306
1,614
1,759
14,679
2024		 2023
Total
Funds £
6,602
4,683
11,286

8.3 Debtors

Investments
CBF Rutter Jones
CBF Rutter Jones
CBF Rutter Jones
CBF Fabric Fund
CBF Fabric Fund
CBF Rutter Jones		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
89,716
0
0
89,716
23,808
0
0
23,808
99,988
0
0
99,988
0
41,375
0
41,375
0
33,753
0
33,753
97,032
0
0
97,032
310,544
75,128
0
385,672
2024		 2023
Total
Funds £
87,709
23,676
98,712
40,449
32,113
91,316
373,976

8.4 Investments

15

Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

8.5 Cash at Bank and in hand
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
Cash at Bank & in hand
79,237
244,756
250,211
574,204
8.6
2024
Total
Funds £
Loans
694
Creditors
1,329
Accruals
8,362
10,385
8.7
2024
Total
Funds £
Loans
9,019
2024
Creditors: Amounts Falling Due within One Year
Creditors: Amounts Falling Due after more than One Year		 2023
Total
Funds £
656,723
2023
Total
Funds £
694
21,537
10,907
33,139
2023
Total
Funds £
9,713

8.8 Endowment Funds

Endowment Funds are as follows:

· Held for the benefit of Christchurch, Catshill: £3,607 The Charles Lupton Legacy requires principle to be spent on churchyard maintenance. Income to be spent on general expenditure.

During 2024 the legacies of the Haines, Ketley, and Dipple funds were encashed and the capital transferred to the Fabric fund for maintenance. The Gillibrand Legacy endowment was also encashed and capital transferred to the St John the Baptist Churchyard maintenance fund.

Total £ 7,950 encashment

16

Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

9 Analysis of Funds and Fund Movements

Fund Fund Type Funds at Movement Funds at
District 31/12/2023 in Year 31/12/2024
£ £ £
All Saints Childrens Fund Designated 244 0 244
Eco Fund Designated 24,197 -3,300 20,897
Fabric Designated 1,650 270 1,920
Mission Fund Designated 5 27 32
Organ Fund Designated 1,335 1,746 3,081
Social Fund Designated 1,220 193 1,414
General Unrestricted 7,406 826 8,232
Total 36,057 -238 35,820
Christchurch Churchyard Endowment 3,526 81 3,607
Grave Restricted 0 16,594 16,594
Discretionary Designated 158,384 -24,075 134,309
Maintenance Restricted 154,062 -10,155 143,907
General Unrestricted -11,443 31,063 19,620
Total 304,530 13,508 318,038
Dodford Churchyard Restricted 568 0 568
Fabric Designated 80,756 3,688 84,445
General Unrestricted 336,905 -18,104 318,801
Total 418,229 -14,416 403,814
St Godwald 100 Club Designated 756 -264 492
Churchyard Designated 886 -886 0
Friends of St
Godwalds Restricted 7,215 3,548 10,763
Hall Fund Designated 7,801 4,639 12,440
Maintenance Designated 17,113 -5,101 12,011
Mission & Charities Restricted 1,486 -1,486 0
Youth Designated 1,539 -1,539 0
General Unrestricted 2,427 5,469 7,896
Total 39,222 4,380 43,602

17

Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Fund Type
Funds at
Movement
Funds at
31/12/2023
in Year
31/12/2024
£
£
£
St John the Baptist
Designated
10,704
-49
10,654
Restricted
1,070
0
1,070
Restricted
336
2,264
2,600
Designated
4,498
-3,605
894
Restricted
2,213
-182
2,031
Endowment
7,776
-7,776
0
Restricted
1,623
5,848
7,471
Restricted
6,607
3,457
10,063
Restricted
0
5,188
5,188
Designated
50
0
50
Restricted
4,737
-109
4,628
Designated
13,005
0
13,005
Unrestricted
41,247
-10,915
30,333
93,866
-5,881
87,985
Wychbrooke Group
Designated
25
500
525
Designated
216
0
216
Designated
29,983
1,754
31,737
Restricted
2,065
24
2,090
Restricted
46,122
-12,165
33,957
Designated
34,136
-28,890
5,246
Designated
2,541
26
2,568
Unrestricted
15,190
-3,486
11,705
130,278
-42,235
88,043
Parish Team
Designated
1,819
5,742
7,562
Designated
1,995
-1,995
0
Designated
6,433
-6,433
0
Designated
2,500
-2,500
0
Designated
1,000
-1,000
0
Unrestricted
0
0
0
13,748
-6,186
7,562
Office Fund
Youth Community
Nat Youth Music
Youth RBC
Listening Service
General
Total
Bells
Community Mission
Fabric
SP St M Legacy
SP Tower
UW Appeal
Wychbold Appeal
General
Total
Sound Audio Visual
Youth
Future Projects
General
Total
St Andrews Hall
Charford Project
Churchyard
Coffee/Cake
Concerts
Discretionary
Endowment
Fabric
Music
Roof Hall
District
Fund		 Fund Type
Funds at
Movement
Funds at
31/12/2023
in Year
31/12/2024
£
£
£
St John the Baptist
Designated
10,704
-49
10,654
Restricted
1,070
0
1,070
Restricted
336
2,264
2,600
Designated
4,498
-3,605
894
Restricted
2,213
-182
2,031
Endowment
7,776
-7,776
0
Restricted
1,623
5,848
7,471
Restricted
6,607
3,457
10,063
Restricted
0
5,188
5,188
Designated
50
0
50
Restricted
4,737
-109
4,628
Designated
13,005
0
13,005
Unrestricted
41,247
-10,915
30,333
93,866
-5,881
87,985
Wychbrooke Group
Designated
25
500
525
Designated
216
0
216
Designated
29,983
1,754
31,737
Restricted
2,065
24
2,090
Restricted
46,122
-12,165
33,957
Designated
34,136
-28,890
5,246
Designated
2,541
26
2,568
Unrestricted
15,190
-3,486
11,705
130,278
-42,235
88,043
Parish Team
Designated
1,819
5,742
7,562
Designated
1,995
-1,995
0
Designated
6,433
-6,433
0
Designated
2,500
-2,500
0
Designated
1,000
-1,000
0
Unrestricted
0
0
0
13,748
-6,186
7,562
Office Fund
Youth Community
Nat Youth Music
Youth RBC
Listening Service
General
Total
Bells
Community Mission
Fabric
SP St M Legacy
SP Tower
UW Appeal
Wychbold Appeal
General
Total
Sound Audio Visual
Youth
Future Projects
General
Total
St Andrews Hall
Charford Project
Churchyard
Coffee/Cake
Concerts
Discretionary
Endowment
Fabric
Music
Roof Hall
District
Fund
130,278
-42,235
88,043
Designated
1,819
5,742
7,562
Designated
1,995
-1,995
0
Designated
6,433
-6,433
0
Designated
2,500
-2,500
0
Designated
1,000
-1,000
0
Unrestricted
0
0
0
13,748
-6,186
7,562
TOTAL FUNDS 1,035,931
-51,068
984,863

18

Trustees Report Unaudited Financial Statements for Year Ended 31 December 2024