Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
CHARITY REGISTRATION NUMBER: 1132864
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Unaudited Financial Statements
31 December 2024
AGP
Chartered accountants Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of fnancial actvites | 7 |
| Statement of fnancial positon | 8 |
| Notes to the fnancial statements | 9 |
| The following pages do not form part of the fnancial statements | |
| Detailed statement of fnancial actvites | 23 |
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Trustees' Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name The Parochial Church Council of the Ecclesiastical Parish of Alveston Charity registration number 1132864 Principal office 26 Kineton Road Wellesbourne Warwick Warwickshire CV35 9LQ The trustees D Johnston J Dale S Coton S Richardson A Richardson T Lloyd-Adams N Johnson R Lane J Lucas K Harbottle Rev L McDermott P Kemp H Lucas M Dixon (Appointed 20 May 2024) Ministry Team Vicar Rev. Linda McDermott Treasurer David Johnston Parish Safeguarding Officer Erica Johnston Music Organist & Choirmaster Matthew Smallwood
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Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Trustees' Annual Report (continued)
Year ended 31 December 2024
| Independent examiner | Simon McLean FCA |
|---|---|
| AGP Chartered Accountants | |
| Sycamore House | |
| Suton Quays Business Park | |
| Suton Weaver | |
| Runcorn | |
| Cheshire | |
| WA7 3EH |
Structure, governance and management
Governing document
The charity is controlled by its governing document, Parochial Church Council Powers Measure (1956) as amended, church representation rules and constitutes an unincorporated charity.
Charity constitution
Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. All regular Church attendees are encouraged to register to be on the Electoral Roll and stand for election to the PCC.
Under the terms of Section 3 of the Parochial Church Council (Powers) Measure 1956 the PCC is a body corporate and is a charity registered with the Charity Commission as required by the Charities Act 2011.
Objectives and activities
Objectives and aims
Alveston PCC has responsibility for co-operating with the Vicar, for promoting in the parish, the whole mission of the church, evangelistic, pastoral, social and ecumenical. The PCC has met six times during the year.
Public benefit
The PCC has complied with the requirement of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission; the PCC considers that the charity meets the public benefit requirements of the Act by carrying out its normal activities some of which are outlined in this report.
2
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Trustees' Annual Report (continued)
Year ended 31 December 2024
Achievements and performance
Charitable activities
The primary purpose of the charity is the promotion of the whole mission of the church in the Parish of Alveston. In the diocese of Coventry our mission focuses us on Worshipping God, making new disciples and transforming communities.
Financial review
Total incoming resources this year were £101,460 (2023: £142,417), so down over £40,000 or 28%. The 2024 figure includes on-off donations towards the cost of the Solar Panel investigation work (5k), a Grant of £5k for Youth and Family work and one single legacy of £1k.
Congregational giving did not cover the costs of the Parish Shares and running expenses. Regular giving Gift Aid envelopes and gift aid rebates amounted to £70,813 (2023: £66,472) with NO funds left for the day to day running of Church activities. We had a large drop in Grants and giving into the plate. Expenses were met by delaying payment of the Parish Share and a drawdown (January) in money from our investments.
The number of members enrolling into the Parish Giving Scheme (4) was offset by 2 people leaving the scheme and one new standing order contributions was established in 2024.
Once again of those paying by monthly Standing Orders there were no increased contributons. The only increases came from inflation additions on the PGS payments where donors had indicated their wish for these to be applied.
Revenues from the hire of St Peter's fell in 2024 due to the loss of two Hall users, both Theatre groups who had benefitted from funding after Covid. Income fell to £10,011 (2023: £13,290). This decline must be seen in the light of related costs, especially utilities.
Investment income received was steady in the year at £5,524 (2023: £5,131) despite our drawing down £20,000 in January. If we continue to drawdown on our investments the income will suffer.
Please see the following notes;
-
Statement of Financial Position (p8) The value of our investments and cash in the bank at year end was £200k, however as mentioned below we owe £56k currently to various creditors, leaving a net £144k.
-
Number 10 (p16) gains in the value of our investments were lower than last year and will fall in relation to withdrawals reducing our portfolio.
-
Number 17 (p19). At the year end we still owed the Diocese £23k in unpaid Parish Share and £33k for the heating system.
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Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Trustees' Annual Report (continued)
Year ended 31 December 2024
Financial review (continued)
Expenditure in the year was £111,697 (2023: £206,044), this includes full Parish Share which we have yet to pay and reflects £100k not spent on the heating and other repairs at St. James. We had continued to repay the interest free load for the heating at a cost of £1,300 per month.
I have outlined below a breakdown of the Church utility bills below.
| Church Utility Bills | 2024 | 2023 | Comment | |
|---|---|---|---|---|
| Utilities | ||||
| Old Church Utilities | 272.83 | 313.50 |
-13% |
|
| St James Gas and Electric | ||||
| St James Electricity | 4,626.82 | 6,118.88 |
-24% |
Less use of building |
| St James Gas | 0.00 | 205.51 |
-100% |
Gas Disconnected |
| St James Water | 660.00 | 0.00 |
100% |
Septic Tank Emptied |
| Total St James Gas and | £ 5,286.82 | £ 6,324.39 | -16% |
|
| St Peters Gas & Electric | 0.00 | -48.75 |
||
| St Peter's Water | 456.59 | 200.50 |
128% |
Increases 28% in 2023&2024 |
| St Peters Electricity | 902.73 | 818.74 |
10% |
|
| St Peters Gas | 1,203.77 | 1,292.55 |
-7% |
Reflects less use |
| Total St Peters Gas & | £ 2,563.09 | £ 2,263.04 | 13% |
|
| Total Utilities | £ 8,122.74 | £ 8,900.93 | -9% |
|
| Total Church UtilityBills | £10,146.74 | £10,923.93 | -7% |
The principal risk associated with our charitable activity is the sustainability of giving from the congregations at St Peter's and St James'. We need to garner more local support for the upkeep of the building and for our continue ministry, without this we face the risk of running out of money in a few years’ time.
The accounts show a deficit for 2024 of £7,971 (2023 deficit £48,946), mainly due to lower expenditure on maintenance. However the new Quinquennial (5 yearly) inspection by the architect is due, on all three buildings, this year.
4
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Trustees' Annual Report (continued)
Year ended 31 December 2024
Reserves policy
It is the policy of the Trustees to hold no less than six months expenditure in cash reserves, currently the reserves do provide this cover. This policy is regularly reviewed and is thought to be sufficient.
The reserves currently total £254,022 (2023: £261,993) with £115,890 (2023: £115,941) of restricted reserves. Our cash and investments amount to £201,051 (2023: £201,488). These are held currently in Barclays Bank and in the CCLA Church of England Deposit Fund.
Of these amounts our unrestricted funds, those available to pay Parish Share, running expenses and repairs amounts to only £138,132. The remainder of our funds are held for restricted purposes.
Risk management
The PCC keep under regular review the risks to which the charity is exposed and seek to limit their impact by adopting appropriate measures and controls and monitoring their implementation.
Plans for future periods
The trustees do not foresee any changes to the charitable activities.
The financial statements were approved on 25[th] March 2025 and signed on behalf of the board of trustees by:
[ DaviSignedC3182827FEA047A... by: Jolunston
D Johnston
Trustee
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Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Alveston
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Alveston ('the charity') 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 Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of 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 an 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 accounts to be reached.
Simon Ptclean | Signed by: Simon McLean FCA 6AD78B16CCE24D4... Independent Examiner
AGP Chartered Accountants Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
25[th] March 2025
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Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Statement of Financial Activities
Year ended 31 December 2024
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2024|2023|
|Un-|
|restricted|Restricted|
|funds|funds|Total funds|Total funds|
|Note|£|£|£|£|
|Income and endowments|
|Donations and legacies|4|67,738|9,920|77,658|116,965|
|Charitable activities|5|18,278|–|18,278|20,321|
|Investment income|6|5,498|26|5,524|5,131|
|---------------------- --------------------- ---------------------- ----------------------|
|Total income|91,514|9,946|101,460|142,417|
|================ ================ ================ ================|
|Expenditure|
|Expenditure on charitable activities|7,8|95,083|9,997|105,080|200,348|
|Other expenditure|9|6,617|–|6,617|5,696|
|-------------------- ---------------------- ---------------------- ----------------------|
|Total expenditure|101,700|9,997|111,697|206,044|
|================ ================ ================ ===============|
|Net gains on investments|10|2,266|–|2,266|14,681|
|---------------------- --------------------- ---------------------- ----------------------|
|Net expenditure and net movement in|
|funds|(7,920)|(51)|(7,971)|(48,946)|
|================ ================ ================ ================|
|Reconciliation of funds|
|Total funds brought forward as|
|previously reported|146,052|115,941|261,993|345,706|
|Prior year adjustment|–|–|–|(34,767)|
|---------------------- ---------------------- ---------------------- ----------------------|
|Total funds brought forward as restated|146,052|115,941|261,993|310,939|
|---------------------- ---------------------- ---------------------- ----------------------|
|Total funds carried forward|138,132|115,890|254,022|261,993|
|================ ================ ================ ================|
----- End of picture text -----
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 21 form part of these financial statements.
7
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Statement of Financial Position
31 December 2024
----- Start of picture text -----
|||||
|---|---|---|---|
|2024|2023|
|Note|£|£|
|Fixed assets|
|Tangible fixed assets|14|100,551|104,923|
|Investments|15|146,863|167,140|
|---------------------- ----------------------|
|247,414|272,063|
|Current assets|
|Debtors|16|10,404|9,462|
|Cash at bank and in hand|54,188|34,348|
|---------------------- ----------------------|
|64,592|43,810|
|Creditors: amounts falling due within one year|17|57,984|53,880|
|---------------------- ----------------------|
|Net current assets|6,608|(10,070)|
|---------------------- ----------------------|
|Total assets less current liabilities|254,022|261,993|
|---------------------- ----------------------|
|Net assets|254,022|261,993|
|================ ================|
|Funds of the charity|
|Restricted funds|115,890|115,941|
|Unrestricted funds|138,132|146,052|
|---------------------- ----------------------|
|Total charity funds|18|254,022|261,993|
|================ ================|
----- End of picture text -----
These financial statements were approved by the board of trustees and authorised for issue on 25[th] March 2025 and are signed on behalf of the board by:
[ DaviSignedC3182827FEA047A... by: Jolunston D Johnston Trustee
The notes on pages 9 to 21 form part of these financial statements.
8
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 26 Wellesbourne, Warwick, Warwickshire, CV35 9LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The trustees consider the charity to be a going concern. Whilst congregational giving does not meet all day to day running costs, the deficit can be met by the reserves held by the charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
9
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
10
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Consecrated and benefice property is not included in the accounts in accordance with the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the PCC’s inventory, which can be inspected. Assets are capitalised if they are greater than £1,000.
11
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
- Freehold property - 25 years straight line Fixtures and fittings - 20% straight line
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
12
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at the carrying value.
13
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
4. Donations
----- Start of picture text -----
|||||
|---|---|---|---|
|Unrestrict-|Restricted|Total Funds|
|ed Funds|Funds|2024|
|£|£|£|
|Donations|
|Donations and gifts|51,225|4,920|56,145|
|Grants and donations|845|5,000|5,845|
|Gift aid|14,668|–|14,668|
|Legacies|
|Legacies|1,000|–|1,000|
|---------------------- ---------------------- ----------------------|
|67,738|9,920|77,658|
|================ ================ ================|
|Unrestrict-|Restricted|Total Funds|
|ed Funds|Funds|2023|
|£|£|£|
|Donations|
|Donations and gifts|54,253|–|54,253|
|Grants and donations|11,376|38,117|49,493|
|Gift aid|12,219|–|12,219|
|Legacies|
|Legacies|1,000|–|1,000|
|---------------------- ---------------------- ----------------------|
|78,848|38,117|116,965|
|================ ================ ================|
----- End of picture text -----
5. Charitable activities
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestrict-|Total Funds|Unrestrict-|Total Funds|
|ed Funds|2024|ed Funds|2023|
|£|£|£|£|
|Hire of St. Peter's|10,011|10,011|13,290|13,290|
|Fees and other income|7,922|7,922|5,261|5,261|
|Hire of St. James|345|345|1,770|1,770|
|---------------------- ---------------------- ---------------------- ----------------------|
|18,278|18,278|20,321|20,321|
|================ ================ ================ ================|
----- End of picture text -----
14
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
6. Investment income
| Unrestrict- | Restricted | Total Funds | |
|---|---|---|---|
| ed Funds | Funds |
2024 | |
| £ | £ | £ | |
| Income from investments | 5,498 | 26 | 5,524 |
| ================ | ============== | ================ | |
| Unrestrict- | Restricted | Total Funds | |
| ed Funds | Funds |
2023 | |
| £ | £ | £ | |
| Income from investments | 5,116 | 15 | 5,131 |
| ================ | ============== | ================ | |
| Expenditure on charitable actvites by fund | type | ||
| Unrestrict- | Restricted | Total Funds | |
| ed Funds | Funds |
2024 | |
| £ | £ | £ | |
| Promoton of the Church within the Parish | 94,123 | 9,997 | 104,120 |
| Support costs | 960 | – | 960 |
| ---------------------- | ---------------------- | ---------------------- | |
| 95,083 | 9,997 | 105,080 | |
| ================ | ================ | ================ | |
| Unrestrict- | Restricted | Total Funds | |
| ed Funds | Funds |
2023 | |
| £ | £ | £ | |
| Promoton of the Church within the Parish | 156,200 | 43,248 | 199,448 |
| Support costs | 900 | – | 900 |
| ---------------------- | ---------------------- | ---------------------- | |
| 157,100 | 43,248 | 200,348 | |
| ================ | ================ | ================ |
7. Expenditure on charitable activities by fund type
15
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
8. Expenditure on charitable activities by activity type
| Actvites | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds |
Total fund | |
| directly | costs |
2024 |
2023 | |
| £ | £ | £ | £ | |
| Promoton of the Church within | ||||
| the Parish | 104,120 | – |
104,120 |
199,448 |
| Governance costs | – | 960 |
960 | 900 |
| ---------------------- | -------------- | ---------------------- | ---------------------- | |
| 104,120 | 960 |
105,080 | 200,348 | |
| ================ | ============== | ================ | ================ | |
| Other expenditure | ||||
| Unrestrict- | Total Funds | Unrestrict- | Total Funds | |
| ed Funds | 2024 |
ed Funds |
2023 | |
| £ | £ | £ | £ | |
| Assigned fees to Diocese | 1,892 | 1,892 |
1,027 | 1,027 |
| Honoraria | 4,725 | 4,725 |
4,669 | 4,669 |
| ---------------------- | ---------------------- | ---------------------- | ---------------------- | |
| 6,617 | 6,617 |
5,696 | 5,696 | |
| ================ | ================ | ================ | ================ | |
| Net gains on investments | ||||
| Unrestrict- | Total Funds | Unrestrict- | Total Funds | |
| ed Funds | 2024 |
ed Funds |
2023 | |
| £ | £ | £ | £ | |
| Realised gains/losses on fxed | ||||
| asset investment | 2,266 | 2,266 |
14,681 | 14,681 |
| ================ | ================ | ================ | ================ |
9. Other expenditure
10. Net gains on investments
16
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
11. Net expenditure
Net expenditure is stated after charging/(crediting):
----- Start of picture text -----
||||
|---|---|---|
|2024|2023|
|£|£|
|Depreciation of tangible fixed assets|4,372|4,729|
|================ ================|
----- End of picture text -----
12. Independent examination fees
----- Start of picture text -----
||||
|---|---|---|
|2024|2023|
|£|£|
|Fees payable to the independent examiner for:|
|Independent examination of the financial statements|960|900|
----- End of picture text -----
13. Trustee remuneration and expenses
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
An amount of £8,337 has been paid to 5 Trustees during the year in respect of reimbursement of expenses they have incurred on behalf of the charity.
14. Tangible fixed assets
----- Start of picture text -----
|||||
|---|---|---|---|
|Freehold|Fixtures and|
|property|fittings|Total|
|£|£|£|
|Cost|
|At 1 January 2024 and 31 December 2024|109,295|6,226|115,521|
|================ ================ ================|
|Depreciation|
|At 1 January 2024|4,372|6,226|10,598|
|Charge for the year|4,372|–|4,372|
|---------------------- ---------------------- ----------------------|
|At 31 December 2024|8,744|6,226|14,970|
|================ ================ ================|
|Carrying amount|
|At 31 December 2024|100,551|–|100,551|
|================ ================ ================|
|At 31 December 2023|104,923|–|104,923|
|================ ================ ================|
----- End of picture text -----
17
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
15. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuaton | |
| At 1 January 2024 | 167,140 |
| Additons | – |
| Disposals | (22,544) |
| Fair value movements | 2,267 |
| ---------------------- | |
| At 31 December 2024 | 146,863 |
| ================ | |
| Impairment | |
| At 1 January 2024 and 31 December 2024 | |
| Carrying amount | |
| At 31 December 2024 | 146,863 |
| ================ | |
| At 31 December 2023 | 167,140 |
| ================ |
All investments shown above are held at valuation.
Financial assets held at fair value
The fixed asset investments have been valued at their market value at the year end.
16. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 3,604 | 3,462 |
| Prepayments and accrued income | 6,800 | 6,000 |
| ---------------------- | ---------------------- | |
| 10,404 | 9,462 | |
| ================ | ================ |
18
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
17. Creditors: amounts falling due within one year
----- Start of picture text -----
||||
|---|---|---|
|2024|2023|
|£|£|
|Trade creditors|56,864|52,760|
|Accruals and deferred income|1,120|1,120|
|---------------------- ----------------------|
|57,984|53,880|
|================ ================|
----- End of picture text -----
18. Analysis of charitable funds
Unrestricted funds
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Prior year|
|Expend-|Gains and|adjust-|At|
|At 1 Jan 24|Income|iture|losses|ments|31 Dec 24|
|£|£|£|£|£|£|
|General funds|146,052|91,514|(101,700)|2,266|–|138,132|
|============== ============== ============== ============== ============== ==============|
|Prior year|
|Expend-|Gains and|adjust-|At|
|At 1 Jan 23|Income|iture|losses|ments|31 Dec 23|
|£|£|£|£|£|£|
|General funds|224,649|104,285|(162,796)|14,681|(34,767)|146,052|
|============== ============== ============== ============== ============== ==============|
----- End of picture text -----
Restricted funds
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Prior year|
|Expend-|Gains and|adjust-|At|
|At 1 Jan 24|Income|iture|losses|ments|31 Dec 24|
|£|£|£|£|£|£|
|St Peter’s|
|Church|104,923|–|(4,372)|–|–|100,551|
|Bells fund|4,550|26|–|–|–|4,576|
|Old Church fund|6,468|870|(1,575)|–|–|5,763|
|Major building|
|work|–|4,000|(4,000)|–|–|–|
|Other restricted|
|funds|–|5,050|(50)|–|–|5,000|
|-------------------- -------------------- --------------------|--------------|-------------- --------------------|
|115,941|9,946|(9,997)|–|–|115,890|
|============== ============== ============== ============== ============== ==============|
----- End of picture text -----
19
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
18. Analysis of charitable funds (continued) Restricted funds (continued)
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Prior year|
|Expend-|Gains and|adjust-|At|
|At 1 Jan 23|Income|iture|losses|ments|31 Dec 23|
|£|£|£|£|£|£|
|St Peter’s|
|Church|109,295|–|(4,372)|–|–|104,923|
|Bells fund|4,535|15|–|–|–|4,550|
|Old Church fund|7,227|–|(759)|–|–|6,468|
|Major building|
|work|–|35,021|(35,021)|–|–|–|
|Other restricted|
|funds|–|3,096|(3,096)|–|–|–|
|-------------------- -------------------- --------------------|--------------|-------------- --------------------|
|121,057|38,132|(43,248)|–|–|115,941|
|============== ============== ============== ============== ============== ==============|
----- End of picture text -----
Purpose and restrictions on funds
St Peter's Church is held as a restricted fund on the basis that the PCC is not free to sell the asset and spend the proceeds for general purposes.
Bells fund is for the maintenance and replacement of the bells at St James.
The Old Church fund is to cover expenses for the upkeep of the Old Church.
20
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Notes to the Financial Statements (continued)
Year ended 31 December 2024
19. Analysis of net assets between funds
----- Start of picture text -----
|||||
|---|---|---|---|
|Unrestrict-|Restricted|Total Funds|
|ed Funds|Funds|2024|
|£|£|£|
|Tangible fixed assets|–|100,551|100,551|
|Investments|146,863|–|146,863|
|Current assets|49,253|15,339|64,592|
|Creditors less than 1 year|(57,984)|–|(57,984)|
|---------------------- ---------------------- ----------------------|
|Net assets|138,132|115,890|254,022|
|================ ================ ================|
|Unrestrict-|Restricted|Total Funds|
|ed Funds|Funds|2023|
|£|£|£|
|Tangible fixed assets|–|104,923|104,923|
|Investments|167,140|–|167,140|
|Current assets|32,792|11,018|43,810|
|Creditors less than 1 year|(53,880)|–|(53,880)|
|---------------------- ---------------------- ----------------------|
|Net assets|146,052|115,941|261,993|
|================ ================ ================|
----- End of picture text -----
20. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024 2023 £ £ Financial assets measured at fair value through income and expenditure Financial assets measured at fair value through income and expenditure 146,863 167,140 ================ ================
21. Related parties
No further transactions with related parties were undertaken such as are required to be disclosed.
21
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
22
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Detailed Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donatons and legacies | ||
| Donatons and gifs | 56,145 | 54,253 |
| Grants and donatons | 5,845 | 49,493 |
| Gif aid | 14,668 | 12,219 |
| Legacies | 1,000 | 1,000 |
| ---------------------- | ---------------------- | |
| 77,658 | 116,965 | |
| ---------------------- | ---------------------- | |
| Charitable actvites | ||
| Hire of St. Peter's | 10,011 | 13,290 |
| Fees and other income | 7,922 | 5,261 |
| Hire of St. James | 345 | 1,770 |
| ---------------------- | ---------------------- | |
| 18,278 | 20,321 | |
| ---------------------- | ---------------------- | |
| Investment income | ||
| Income from investments | 5,524 | 5,131 |
| ---------------------- | ---------------------- | |
| ---------------------- | ---------------------- | |
| Total income | 101,460 | 142,417 |
| ================ | ================ |
23
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Detailed Statement of Financial Activities
Year ended 31 December 2024
Expenditure Expenditure on charitable activities Promotion of the Church within the Parish
Activities undertaken directly
| Expenditure Expenditure on charitable actvites Promoton of the Church within the Parish Actvites undertaken directly |
||
|---|---|---|
| Ministry costs | 2,161 | 1,438 |
| Parish share | 63,822 | 60,894 |
| Cost of services | 1,915 | 1,353 |
| Charitable giving | 503 | 199 |
| St. Peter's running costs | 4,482 | 8,601 |
| Property maintenance | 8,624 | 108,110 |
| Church running expenses | 1,503 | 2,143 |
| Utlites | 5,287 | 6,324 |
| Insurance | 3,612 | 3,624 |
| Outreach | 4,898 | 626 |
| Choir and bellringers | 417 | 647 |
| Old Church | 1,550 | 760 |
| Expenses equipment | 974 | – |
| Depreciaton | 4,372 | 4,729 |
| ---------------------- | ---------------------- | |
| 104,120 | 199,448 | |
| ---------------------- | ---------------------- | |
| Governance costs | ||
| Independent examinaton fee | 960 | 900 |
| -------------- | -------------- | |
| ---------------------- | ---------------------- | |
| Expenditure on charitable actvites | 105,080 | 200,348 |
| ================ | ================ | |
| Other expenditure | ||
| Assigned fees to Diocese | 1,892 | 1,027 |
| Honoraria | 4,725 | 4,669 |
| ---------------------- | ---------------------- | |
| 6,617 | 5,696 | |
| ---------------------- | ---------------------- | |
| ---------------------- | ---------------------- | |
| Total expenditure | 111,697 | 206,044 |
| ================ | ================ | |
| Net gains on investments | ||
| Realised gains on fxed asset investment | 2,266 | 14,681 |
| ---------------------- | ---------------------- |
24
Docusign Envelope ID: 4DA9BB2B-6D5E-4372-A7F3-26ED01969CEC
The Parochial Church Council of the Ecclesiastical Parish of Alveston
Detailed Statement of Financial Activities
Year ended 31 December 2024
Net expenditure
---------------------- ---------------------(7,971) (48,946) ================ ================
25