THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS, FAIR OAK TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER X24 StThomas FA l(e OA NORrow iieA TM
THE PAROCHIAL CHURCH COUNCIL OF F OAK FINANCIAL STATEMErfrs FOR THE YEAR E REPORTOF THETRUSTEES LEGAL AND ADMINISTRATIVE INFORMATION Members Tr Vlcar: Jono Harvey Assistsnt Curate: Bob Nicholls ISSM) Churchwardens: Robert Carkeet Matt Nlcholson Deanery Synod reps: Danny Stupple Steve Harding Neil Osbome Other PCC Mernbers: Eve Croucher (until May 2024) Gary Stupple Steve Cann Teresa Lovett (rfre*cted in May 2024) Zoe Palmer Lucy Freckleton Anais Harvey (from May 2024) Caroline 05V40ld lfrom May 2024) Sue Lynham (from May 2024} Daphne Brlght {from May 2024) Offi rs of the PCC who are not mernbers Seryetsry: Treasurer: Safeguardlng Offlcer. Electoral Roll Officer: Andrew Chall Stuart Waterman Michelle Pride Amy 8ristow (until Nov 24}, Sandra Brierley (from Nov 24) Readers ensed to the Parfsh: Danny Stupplè Dave Owens Mlscell rmatk>n Charlty Number: 1132887 Independent Exarnlner: Knght Goodhead Limited, 7 Bournemouth Road, Chandlers Ford. Eastlei8h, Hampshire, S032 5DA
IALCHUR H COUNCIL OF FAIR OAK Fl NaAL STATEM ENDED 31 D T OF THE TRUSTEES The trustees present their report and accourts for the year ended 31 Deomber 2024. Structure overnment and rnana ement of the PCC The Parochial Church Council 15 a corporate body estsblbhed by the Church of England. The PCC operates underthe Parochial Church Powers Measure. The appointmentof PCC members iS8overned by the Church Representatlon Rule5. Training Is provlded where approprlate, for example, where churchv4anlen briefings or safe8vardi training is aTranged by diocese. rhe parish has an annually reviewed Safeguarding Policy, wlth established and on8oing training In safeguarding and working wtth vulnerable adults. All staff. paid and volunteer5, receive instruction in safe8uardlng. There are varlous pollcles and procedures covering matters relatlng to work, safety, disciplinary and grievance procedures. and health and safety at work. Back ro nd: The Parochial Church Council (PCCI has the resp)nsibility of COHoperatin8 With the Ificar in promotlng the whole mlssion of .the Church evangelistic, xjcial and ecumenical in the ecclesiastical parish of Fair Oak and Horton Heath and beyond. Membershi Members of the PCC are ex-officio or elected by the Annual Parochial Church Meetlng {APCM), in accordance with Church Representation Rules. Standin Committee: Thi5 15 the only sub-committee required by law. It comprtses the Vlcar, the Churchwardens, and at leasttwo othermembers of the PCQ It bas the powerto transactthe business of the PCC between rneetings, should that become necessary* normalty in exceptional circumstanS only. Any decisions taken by this committee are reported back to the next full PCC meetlng and are minuted accordingly. The members of the 5tandin8 Comrnittee durin8 the period were Jono Harvey, Robert Carkeet, Matt NiclK)Ison, Tom Youn& Gary Stupple, Caroline Oswald, and Danny Stupple. IA Al The PCC also operates nine sub-committee5 to manage the day to day running of thwchurch.. Stewardship Oversee Church flnances and ¢nsure we are fully compliant wlth charltable law and guidelines. Safeguarding Oversee and maintain a culture that proterts and pro-mote5 the welfare of children. young people and vulnerable adults at rfsk of abuse. Fabrlc and Bulldlngs Oversee access. care, malntenance and development of our bulldings and facilities Loving and Oversee our loving and serving through pastoral care to the Church fafflbly and the wider cofftmunity. Oversee our actNities that L11d our common life - for both the Church and the Parish Building Community Exploring faith Oversee our activities that encourage people to consider and explore the Chrtstian faith. tsatherlng as Church Sharing life as disciples Oversee our corporate worship gatherings. Oversee ouropportunities that encourJ8e our growth as disciples OveT5ee our work with colkboratwe re8ional Church m Inistrles and our Intemational mission partners. Partnership in the Gospel
AR HIAL CHURCH COUNCIL AIRO Fl IAL FOR THE YEAR END Achievements and Porforniance 2024 has seen steady growth in the rnission and mlntstry of the ehur¢h across all age groups, Th15 growth has helped us conslder the different options we provide for people to grow as disciples, a5 well as what it mean5 to represent Fa Oak ond Horton Heath. Consequentlyi we have added another option Into our 11am servlce and moved our Family@4 gathering into the Horton Heath Community Centre, The 5FART course and our faith exploring, actlvities have introduced new people to Jesus aftd thè Ilfe of the church, our appointment of a Community Builder and a Parish Adrninistrator have added significant skills and 8iftin8 to ourstsff team and everyone has been enjoying the benefits of the new heating systems through the thurch tildIngs. Flnandal Revlew The following pages show our financial position at the end 012024. The total Income into St Thomas, Church wès £184,851 in 2024 compared to a total income of £180,220 in 2023. Our total out80in8s for 2024 were £231,439 compared to £188,245 In 2023. The difference in the above rureS was supported lry the legacy and project fund, as we installed a newelectric hejting system in the church as well as new gas boilets inthe extension 2nd the Stables building. New windows were also fitted to the 8round floor of the Stables and the extension was redecorated. Reserves Poli We previously combined the legacy and project funds together Iiito one figure to help cover the cost of essential works to the fabric of our Church and associated bulldings. This legacy and project fund Is the key part of our reserve polcy, which is c105ely monitored and enables us to have sufficiert reserves, which would cover our runnin8 costs for at least 6 months. In 2025 we will be Iwkin8 at the p055ibillty of opening UP the extension to prDvlde an out-side seatin8 area as we continue to closely rnonitorthi5fund in relation to maintainin8 our reserve5. Signed on behalf of the trustees: Jono Harvey Vlcar Dated: 23 131 2024
INDEPENDENT EXAMINER'S REPORTTO THETRUSTEE5 ON THE UNAUDrrED ACCOUNTS OF THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF STTHOMAS. FAIR OAK FOR THEYEAR ENDED 31 DECEMBER 2024 I report to the trustees on rny exarninatDn of the accounts of The Parochial Church Council Of The Eccleslastlcal Parlsh Of St Thornas. Fair Oak for the year ended 31 December 2024, whlch are set out on pages 5 to 10. RESPOIISIBILMES AND BASIS OF REPORT As the trustees of the Charity you are responslble for the preparatlon ofthe accounts in accordance with the requirernents of the Charlties Act 2011. I report in respect of my exarnination of the Trustee's accounts carried out under section 145 of the 2011 Act and In carrytng out my examlnation I have followed all the appficable dlrertions given bythe Charlty Commlssion under sectlon 145{5)Ib) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no material matters have come to my attentlon In connect.ion wwth the examination givln8 me cause to belTe¥e that in any material respect: {1) accounting recordswere not kept in respect of the Charfty as required by sectlon 130 of the Act; or {2) the accounts do not accord with those records. or {3} the accounts do not comply with the applbcable requirements concerning the ft)rm and content of account5 Set out In the Charltles (Accounts and Reports) Regulations 2008 Dther than any requirement that the accountsgive a 'true and fair which is nota'matter considered as part of an indeperKlent examlnation. I have no concerns and have come across no other matters in conneLtion 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. CJ Goodhead FCA Kn5ght Gootjhead Limlted artÈred Actountaiits Dated: Z< 24) 7 Bournemouth Road Chandlet's Ford Eastleigh Hampshlre 5053 3DA
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST THOMAS. FAIR OAK RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 uestrIcted Fund$ Goneral Designated funds funds ftestrlcted funds Totsl 1024 Total i0Z3 INCOME Voluntsry Income Investment Income Receipts from charltable actlvltles 21al 21bl 2(bl 164,291 4,660 1,201 168.951 1,214 14,686 161.924 373 17,923 14.686 TOTAL RECEIPTS 178, 5A61 I8451 180.220 PAYMENTS Dlrect costs Relating to church activities Church mana8ement and admln 3(a) 3{b) 84,299 93,792 6.302 32,758 90.601 126,550 82,633 88,589 178,091 14,288 39,060 217,151 14,288 171.222 17,023 Mlssion and donatlons TOTAL PAYMENTS 192.379 3960 231039 188,245 Net of receipts / payments before transfers 113.3891 133.1991 146,5881 18,0251 Transfers between fund5 NET MOVEMENT IN FUNDS (13,389) 133,199) 146.588) 18,0251 Cash funds as at 31 Decernber 2023 33,893 1,809 185,702 171,218 CASH FUND5 AS AT 31 DECEMBER 2024 lo04 11&610 139,114 185,702 The notes on pages 7 - 10 form part of these accounts.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS. FAIR OAK STATEMENT OF Assrfs AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrkted Funds General Deslgnatsd funds funds Restrirted funds Totsl 2024 Total 2023 A CASH FUNDS Cash at bank wlth Imrnediate access 11&610 139.114 185,702 20,504 113.610 139,114 185,702 OThER MONETARY ASSErs Glft ald due to charitv 502 502 984 C UABIUTIE5 Fee for Independent Examinatlon 1.440 1,497 1,497 D ASSETS. FOR CHARITYS OWN USE Conse¢rated proporty. beneficed property and moveable church furnlshlngs which require a speclal faculty for disposal are excluded from the list of charity assets. Other a55ets retained Include the Church organ and a photocopler purchased in 2022. 2 INVEsfMENT ASSErs No. of shares Fund ts whl¢h asset belon 2024 2023 CCLA Investment, Income shares Falr Oak Churchy3rd Trust (see note 6) Unrestrirted 462 452 Short term and lohg temi Imiestmerits are Valued at Op market val¢ at 31 December. The accounts were at4)roved by the trustees and signed on their behalf by Jono Harve Date Vicar The notes on pages 7- 10 form part of these accounts.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS, FAIR OAK NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 DECEMBER 2024 l Accoui¥fiNG POLICIES The accounts have been prepared on a receipts and payments basls and cofflwlse a statement that shows the charity receipt5 and payments, a statement that summarises the charity's assets and liabilttFe5 and related notes. The accountancy professlon have detemiined thal only accounts prepared In accordance with applicable accountlng 5tsndards present a 'true and falr, vlew and, as these receipts and payments 8ccounts have not land cannot) be prepared In accordance wlth accourrtlng standards. these accounts do not preserrt land are not Intended to presentl true and fairf vlew of the charity's finala1 Ktivities and state of affalr5. Genernl funds are unrestrftted funds which are available foruse at the dlscretion of the PCC In furtherance of the general objective5 of the tharfty. Desl8nated funds comprise unrestrlrted funds that have been set aside by the PCC for partlcular purpose5. Restrltted fund5 are donatlorts which are to be used in accordance with specific restrlctlorLS Imp05ed by donors,. they Include dOnatiL$ reIVed from appeals for specffic actiMtie5 Qr proiects. Unrestricted Funds Genernl Deslgnated funds lunds Reslrlcted fund5 Totsl Z024 Total 2023 2 RECEIPTS a) Vduntary Inwme Donatlons Legacles Gfft ald recovered 132,501 4,660 137,161 132,514 31,790 164,291 31,790 29,410 161,924 4660 b) Qther Income Charltable aCtI[tIeS Investment receipts 14.686 14686 1,214 15,900 17.923 373 11296 1,201 L201 14,699 Unrestrfrted Funds General Dui8nated fun(ts fuNb 5tricted Total 2024 Totsl 20 3 DIRECT COSTS a) Relatlng to church actl¥fties DIOan common fund WDBF - fees Glfts Min15try Communlty projects 77,691 1,652 77,691 1.652 72,000 3,178 525 1,820 3,136 84,299 4.953 1349 6302 6,773 4,485 9601 2,614 81633
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST THOMAS, FAIR OAK NOTES TO THE AccouKfs {CONTINUED..) FOR THE YEAR ENDED 31 DECEMBER 2024 bl Churth rnanagement and administr*i Office costs Church running expenses Malntenance Governance costs stsff costs and expenses 2,605 20.736 40.036 1.720 28,695 28 1.027 30.000 1633 21.763 70.036 1,720 30,398 126,550 2,410 16,713 32.772 L719 34,975 88,589 1.703 32.758 4 M15S10N GIVING AND DONATIONS 61ft and donation5 14.288 14,288 14,288 14288 17,023 17,023 s STAFF AND TRUSTEES 2024 Number 2023 Number The average manthly number of employees durlng the year was: Employees costs 2024 2023 Wages and salaries Sooal Security costs Other pension costs tiFe assurance cost 29,243 29,8(X) 1,020 135 50,398 943 124 Xl.867 Dbrlng the year, Iwo trustees were pald salarfes £9,98412023: £nll}'. Durin8 the year,two relative5 of trustees were paid Salaries tptallin8 £4.11912023: £nill Durlng the year, fourtrustees were relmbursed expenses of £16.227 {2023: £9.865 - flve trustees) for warlous costs incurred on behalf of the charity. Two relatives of trustees were also relmbursed expenses totall1 £1,13812023: £490- two) for varlou5 costs incurred on behalf of the charlty. Atl salarles and relmbursed Èxpenses art allowed by the Parochial Church Powers Measures. whl¢h the church Is governed by, There were no employees whose annual remuneratton was £60,IXK) or more. During the year no remuneratlon was paid by this charity to key management personnel {2023: £nil). The kev management team 15 taken as bEing the standir8 rommitte& The vicar chair5 the standing committee but he reIveS a stipend from the Dlacese notfrom thls charlty.
THE PAROCHIAL (>1 URCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS, FAIR OAK NOTES TO THE AccouKfs (CONTINUED.-) FOR THEYEAR ENDED 31 DECEMBER 2024 6 INVESTMENTS 2024 2023 fvlarketvalue at l January Revaluatlon of Investments held Market value at 31 December 452 413 39 452 462 7 GOVERNANCE COSTS 2024 2023 Bank charges Fee for accounts and Indepen(terrt examlnatlon 340 399 1320 1.720 Openlng balance ReiPts aosin8 balante Payments Transfers 8 MOVEMENT IN FUNDS Desl8n3ted funds Band of Brothers With Love Legacy and project fund Children's Worker fund 1,053 137 131,085 19.534 151,W9 3.723 14.1651 18171 {30.0) (4,0781 (39,050) 611 1.458 102,543 15,456 IU610 861 Unrestricted funds General funds 33,893 33,893 178.990 1192,379) 1192J791 20.504 20,504 Totsl funds 18S,702 184,851 12314391 139,114
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS. FAIR OAK NOTES TO THE ACCOUNTS {CONTINUED...) FOR THE YEAR ENDED 31 DECEMBER 2024 Band of Brothers We have a men's c¢ynmunlty called Band of Brothets. It receives specific donation5 to help fund events and to purchase items. It [5 a150 P055ible that larger events will receive fees into this fund to hold urbtll full payment 15 required. By creatlng this fund the donatlons and fees are rlntrfenced to thelr intended purpose. Wlth Love We have a women's community called With Love. It receives specific donati(ms to help fund events. Legacy and projectfund Over recent years the church have been blessed wlth several gerouS legacies and gifts. which the PCC have been able to allocate into th15 separate fund. These Sums are being held wlth a vlew to undertake future essential works and irnprovement5 to the church and associated buildings. The report on 'reserve5', desuibed on page 3 provides further detail. Chlldren's Workerfund With children's wort( presently being undertaken by otherstsff, volunteers aKI parents, and with no immediate Intention to employ a specific 'Children'3 Worker", the PCC agreed to allocats thi5 account to 5UPPOrt the staff salarfes f those who help with the chlldren's work. io