REGISTERED CHARITY NUMBER: 1133775
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
BASINGSTOKE PAROCHIAL CHURCH COUNCIL

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Tru8te88
Roport of the Independent Audltorn
8 to 10
Stat•m•nt of Flnanclal Actlvltles
Balance Sh••t
12
Cash Flow Statement
13
Notes to the Cash Flow Statement
14
Not88 to the Flnanclal Statements
15 to 25

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitse5:
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).
OBJECTIVES AND ACTIVITIES
Background
Basingstoke PCC has the responsibility under the Parochial Church Council (Powers) Measure 1956 of
co-operating with the Rector and other licensed staff in promoting the whole mission of the Church - pastoral,
evangelistic, social and ecumenical - in the Parish. The PCC has the responsibility for the churches and
associated buildings at All Saints,, Christ the King, St. Michael's and St. Peter's.
Membership
Members of the PCC are either ex-officio, elected at the APCM, or GO-OPted, all in accordance wth the
Scheme for the Election of the Parochial Church Council approved in 1995 under the Church Representstion
Rules. There may be up to four elected members from each Team church.
Publlc beneflt
The trustees confimi that they have referred to the guidance contained in the Charlty Commission's general
guidance on public benefrt when reviewing the charity'5 aims and objectives and in planning future activities.
The trustees refer to public benefit throughout this report.
Page 1

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE
Every Y￿ek at our Sunday services, since late 2024. we have been able to share a video story of someone
from our church community who has encountered the presence of God in their life. This is both an
encouragement to each of us that God is at work, but also a testament to all that has gone on through 2024
a5 $0 many people give, pray and serve on team5 to make evewing possible.
This annual report is both a celebration of what God has done and a huge thank you to each and every
person who has played even a small part in what we have seen happen.
Bulldlng foundations
This past year ha5 been one of building both physical and metaphorical foundations for the next phase of life
as a church here in Basingstoke.
Through the Autumn of 2024 we finally were able, after years of planning, to begin work on the reordering at
St Michael's. This project will see toilets and hospitality space added, as well as new lighting, seating and
sound system. All of this will allow us to maximise this building for mission to our town. The work is due to be
complete in the summer of 2025 and has been made possible in large part through generous funding from
the national church.
We have also taken time as a leadership and PCC to pause and tske stock of all that has happened since the
relaunch as a resource church in 2022. We have seen significant gr0￿h in attendance and huge changes to
govemance and staff team. Looking to other similar projects who have walked this path ahead of us, we have
been inspired to review how we operate and our missions aim5 to ensure that gr0￿h and missional impact
contsnues and is sustainable for the future. We also wanted to explore how we can play our part in resourcing
the wder church.
As a result of this work through most of 2024, the PCC adopted in December our new five year vision and
strategy. We now pray and work to See all that we hope to see come to fruition over the next five years.
Our vision is to see this generation come fully alive in Jesus by the power of the Holy Spirit.
Recognising that this is largely Ihe work of God, our mission as a church is to 'Make space and spaces for
people to encounter the presence of God.,
Rlslng Generations
We have been very encouraged to see the groW(h of our youth and children's minlstry In 2024. As we have
travelled through the year we have regularly seen our facilities and our teams stretched to the limit on
Sunday by the increasing number of young people at all of our services, and we are continuing to work to
ease the pressure there. But as some have said. It is a niGe problem to have, and shows that our mission is
on track.
We have in this last term seen 30 young people try Alpha, which is a hugely encouraging sign of health and
growth in the rising generations. Our Thursday night youth has also been hugely exciting lo see, a5 each term
our teenagers invite friends to the Youth Social nights, and that results in growth from those not previously in
church.
Also in the rising generations, we have seen significant gr0￿h in our schools ministry this past year. Every
month we are now leading worship in 9 schools in our parish. The work we have done was also noted in the
SIAMS report for our local CofE school ￿lch said..
'The school has developed a close relationship with the Basingstok& Church. Church youth workers are
regular visitors to the school to lead collective worship. Pupils particularly look forward to their visits and
describe their worship as 'practical' and say that they 'often dance along,.
"The school leads services in the church for festivals such as Christmas, Easter and the Year 6 leavers.
Parents and governors look forward to worshipping alongside staff and pupils at these services. St John's
effectiveness as a Church school is strengthened by its close relationship with the local church."
Well done to the RG team and Joe Pavey for all the work they are doing.
Page 2

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Sundays
Two of our Se￿iceS have been forced to combine in this past year, and I give thanks in this report to the
flexibility and grace of everyone involved as we accommodate our building work. Also due to capacity, we
have launched, from our 11am service, a 6pm service. We intend to continue that once we retum to St
Michael'5.
We have trialled new services on our estate church locations, some of this has worked and some hasn't. We
however are encouraged that the team5 have space to ty and learn, to develop and explore what ministry to
the current generation looks like.
Café church continue5 to thrive and grow as a leading example of a fresh expression of worship wth a
brilliant and hard working team of volunteers leading the ￿Ole thing. Thank you to each of you for another
amazing yearl
Outreach and other activitles
Every term we have run the evangelistic course Alpha. We have also run the marriage course, the
bereavement course and invested in individual discipleship through small groups, which have continued to
grow through 2024.
In the auiumn we18unched 8 new after school café which is already attracting up to 80 people every week,
This is In addition to our Tots groups at South Ham and St Michael's which have seen hundreds In thls past
year.
Midweek so many Indivldual actlvlties, services and ministry moments happen. Thank you to each person
who 15 leading those, and we look forward in this coming year to seeing many more established and more
people step into leadership roles.
In the summer of 2024 we took nearly 140 people from across our congregations to Focus, which is our
church family weekend away. This and other community moments such as the intemational supper at the
9..30 and the summer picnic at the Eleven were pivotal in deepening roots of church community together.
Staff Team
We are hugely blessed to have a paid staff team to support the mission and ministry of the church. This year
has seen some changes on the team as some go on to other employment and career opportunities, and
some leave for family reasons. One of the biggest challenges in church life is the small pool of people to
recruit from and so we have a few vacancies on team which we are currently working hard to fill.
We took the whole staff to Summit. which is an HTB Ne￿Ork event, which was a hugely encouraging time for
each of them as they met with hundreds of people in similar roles at churches across the country. We
continue to support the staff wth weekly staff worship and dedicated line management and HR support.
Page 3

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Financial Performance
The Statement of Financial Activities reports a net deficit of £34,27212023.' £83,175). l.Income has increased
especially from grant funding including one-off £64,209 received in 2024, relating to 2023 staff salaries.
Expenditure has continued to increase wth the implementation of the resource church project. This has
resulted in a deficit of £39,861 (2023.. £100,886) when excluding the net gains and losses on investments and
fixed assets.
Flnanclal Posltlon
The Balance Sheet reports net assets of £3,944,479 (2023.. £3,978,751). The reduction in net assets is
primarily due to the decrease in current assets. Reslricted funds comprise £59,052 (2023.. £25,313).
Reserves Pollcy
A resenies policy was approved al the March 2023 PCC meeting, to maintain £108,000 in central funds,
being three months of budgeted expenditure.
Rlsk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriat8 controls are in place to provide reasonable assurance against fraud and error,
Pollcy on Rlsk5
The PCC has a list of potential risks which forms part of its monitoring of the delivery of the 5-year plan.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity 18 controlled by its governing document in line wth the Parochial Church Councils (Powers)
Measure 1956 as amended. Parochial Church Councils are bodies corporate having perpetual succession.
Page 4

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Safeguarding statement
The PCC ha5 complied with its duty under the Safeguarding and Clergy Discipline Measure to have due
regard for the House of Bishops, guidance on safeguarding children and vulnerable adults.
Electoral Roll
The number of members on the Parish Electoral Roll was given at the APCM in 2024 as 409 (2023.. 361)-
Standlng Commlttee
The Standing Committee as set out In the 1995 Scheme comprises the Rector, incumbent status assistsnt
dergy, Churchwarden5 and two elected members of the PCC who would normally be the PCC Treasurer and
PCC Secretary. In 2024 the two elected members were Stephen Leach (PCC Secretary) along wilh Keith
Bastin {Vice-Chairl until 22101124 and then John Davies Ivice-chairl from 05102124. Elaine Coombs
ITreasurerl was co-opted frcm her appointment on 20105124.
PCC Buslness Revlew
The PCC met on 8 occasions in 2024 as well as for a short meeting after the APCM to appoint officers. The
average attendance at the main meetings was 26.
The PCC received regular reports from its working group5, including those dealing with the building works at
st. Michael's 8nd the proposed changes at All Saints,. A working group looking at the Parish's inclusivity
statement reported in May and the statement was adopted. The PCC received a report on the work of the
Rising Generations team at Its May meeting.
Safeguarding was on every agenda with a formal report being received in February. Rachael Higson was
appointed as the new Parish Safeguarding Officer in September.
The PCC received regular rnanagement reports on it5 finances throughout 2024. The agreed 2024 budget
included a deficit of £115,OOD but it became apparent towards the end of the year that increases in income
would mean that the deficit would be lower, possibly halved.
Outside the regular expenditure, the PCC
agreed to spend £10,000 on making the Rectory garden safe and £5,000 on a study to look at the long term
possibilities for developing the PCC'S properties. Both of these were funded from the PCC'S rese￿eS from
the Pentire property sale. Followng its policy of giving loo￿ of its regular giving to mission, the PCC gave
£10,000 to the Beacon Church, Blackpool, £5,000 to The Basingstoke Besom and £5,000 to Basingstoke
Street Pastors. The stepping down of the contract Financial Controller delayed the 2023 audil but this was
finally completed in September.
The proposed Pastoral Scheme for combining the Parishes of Basingstoke and Popley with Limes Park and
Rooksdown was discussed in detsil at meetings early in the year with the most debated detail being the
number of Churchwardens for the new combined parish. Formal resolutions under charity and church law
were passed In July. However, the PLL heard In November that the Licheme had been delayed.
Through the year the PCC Icoked at its future governance structures. Thi5 included a review of the skills that
would be needed a5 the church grew. In November and December, the PCC discussed a 5 year strategy for
the Parish and a detailed budget for 2025. At the final meeting in 2024, the PCC agreed the strategy and
2025 budget wth a deficit of £240,000 to be funded from reserves.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
1133775
Page 5

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Prlnclpal address
St Michael's Church Office
Church Square
Basingstoke
Hampshire
RG217QW
Trustees
Membershlp
Members of the PCC are either ex-officio, elected at the APCM, or co-opted, all in accordance )JVith the
Scheme for the Election of the Parachial Church Council approved in 1995 under the Church Representation
Rules. There may be up to four elected member5 from each Church.
The PCC Members who served at any time in 2024 were:
Ex-offlclo:
Clergy
Revd John Hudson, Rector
Revd PJ Brombley, Associate Minister
Revd Libby Etherington, Assoclate Mlnister - from
22105124
Revd Ed Haycock, Curate
Revd Nicola Ford, Curate
Revd Barbara Irving, Curate - from 01106124
Churchwardens
Su2anne Cooper - until 31107124
Mike Edens
Ghislalne Fletcher
Paul Lane
Andrew Mccormick
Samuel Mensah-stephens
Ellie Woolf
Jason York - until 31107124
Deanery Synod
Castor Bending
John Davies- (Diocesan Signed)
Oliver Key
stephen Leach.
Ellie Woolf
Stephen Leach was also an emplcyee of the PCC during 2024 as a part-time Bookkeeper.
Elected Membeys
All Salnts
David Hubbard - until 22104124
Bethany Neal
Margaret Smith - from 22104124
Sandra Welch - until 22104124
Chrlst the Klng
Nigel Drury
Shelagh Kavanagh
St Mlchael's
Keilh Bastin
Sue Irvine
Pauline Mayer
Fehintola Otudeko - from 22104124
Mark Vasanth - until 22104124
St Peterfs
Jason Cross- from 22104124
Sathya Pradeep Johnson
Andrew Stead
Co-opted
Boran Djokic- from 22104124
Rachael Higson
Celia Saunders - from 22104124
Page 6

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Morris Crocker Limited
Chartered Accountants
statutory Auditors
Station House
North Street
Havant
Hampshire
P091QU
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounts"ng Stsndards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports)
Regulalions 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming
resources and application of resources, including the income and expenditure, of the charity for that perlod. In
preparlng those financial statements, the trustees are required to
select suitsble accounting policies and then apply them consistenlly.,
observe the methods and principles in the Charity SORP-,
make judgements and estimates that are reasonable and prudent.,
state whether applicable aGGounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and lo enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevents'on and detection of frau
and other irregularities.
Approved
y order of the board of trustees on
and signed on its behalf by:
vd J Hudson- Trustee
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
BASINGSTOKE PAROCHIAL CHURCH COUNCIL
Opinion
We have audited the financial statements of Basingstoke Parochial Church Council (the 'charitY) for the year
ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash
Flow Statement and notes to the financial statements, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitvs affairs as at 31 December 2024 and of its incoming
resources and application of resources, for Ihe year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice-
and
have been prepared in accordance with the requirements of the Charities Act 2011,
Basls lor oplnlon
We conducted our audit in accordance with Intemalional Standards on Auditing (UK> IISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements Ihat are relevant to our audit of the financial statements in
the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance wth these requirernents. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Gharit¥s ability to continue as
going concern for a period of at least twelve months from when the financial statements are authorised for
155ue.
Our responsibilities and the responsibilities of the trustees )Mth respect to going concern are described in the
relevant sections of this report.
Other Infomatlon
The trustees are responsible for the other information. The other information comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover the other inforrnatlon and, except lo the extent
otheMse explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial slatements, our responsibility is to read the other information and,
in doing so. consider whether the other information is materially incons1Stent with the financial statements or
our knowledge obtained in the audit or otherwse appears to be materially misstated. If we identify such
material inconsistencies cr apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselve5. If, based on the work we have
perfomied, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Matter5 on which we are requlred to report by exception
We have nothing to report in respect of the followng matters where the Charities {Accoun15 and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the informab'on given in the Report of the Trustees is inconsistent in any material respect wth the financial
statements., or
sufficient accounting records have not been kept.. or
the financial statements are not in agreement wth the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
BASINGSTOKE PAROCHIAL CHURCH COUNCIL
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the
preparation of the financial statefflents which give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparats'on of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's abilty to
continue as a going concern, disclosing. as applicable. matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or
have no realistic altemative but to do so.
Our responslbllities for the audit of the financlal statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance wth ISAS (UK) will always detect a material misstatement ￿en it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
flnancial statements.
The extent to which our procedures are capable of detecting irregularities, includlng fraud is detsiled below..
From discussion wth management and those charged with governance information about the entity is
documented to assess the activity wlhin the organisation. We discuss management's assessment of risk in
respect of irregularities, fraud and golng concern.
Based on these discussions and our own assessments we determined that the key risk areas were income
recognition in respect of cut off Issues and management override concerning the size of the organisation.
We sel financial statement materiality level based on the level of income. As a not for profit organisation
raising income is its primary focus ￿lch is why income was used to determine the level of materiality. Our
overall assessment of risk was used to determine performance materiality at an appropriate level.
Substantive audit tests were designed after assessing and performlng walkthrough tests. The walkthrough
tesling confirmed documented systems which have been designed to act as a preventative measure against
fraud and error which appear to be operating as documented. Substantive testing tested a sample of the
population, representative of the population, to identify errors. The testing did not identity any material
misstatements in areas tested.
Audit substantive tests concluded no material errors over the key risk areas of income recognition and
management override.
The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and
regulations that are appropriate to the organisation.
Management assessed there is no going concern risk. The audit undertook a review of budgets, management
accounts and the review of board minutes and came to the same conclusion as
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at WW4V.frc.org.uklauditorsresponsibilities. This description fomis part of our
Report of the Independent Auditors.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
8ASINGSTOKE PAROCHIAL CHURCH COUNCIL
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
charitys trustees those matters we are required to state to them in an auditors. report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the chantys trustees a5 a body, for our audit work, for this report. or for the opinions we
have fomied.
Morrts Crocker Limited
Chartered Accountants
Statutory Auditors
station House
North Street
Havant
Hampshire
P09 1QU
Date: ....
Page 10

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
220.338
6,619
226,957
207,270
Charitable actlvltles
Church acts-vities
88,028
299,724
387,752
270,782
other trading activitie5
Investment income
80,961
58,392
196
538
81,157
58,930
105,598
43,633
Total
447,719
307,077
754,796
627,283
EXPENDITURE ON
Raising funds
860
860
1,446
Charitable actlvltles
Church activities
518,250
275,547
793,797
726,723
Total
519,110
275,547
794,657
728,189
Net gains on investments
5,154
435
5,589
19,511
NET INCOMEI(EXPENDITUREI
Transfers between funds
(66,237)
(1,775)
31,965
1,775
(34,2721
(81,375)
20
Net movement In funds
(68,012)
33,740
(34,272)
(81,375)
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
3,953,438
25,313
3,978,751
4,060,126
TOTAL FUNDS CARRIED FORWARD
3.885,426
59,053
3.944,479
3,978,751
The notes form part of these financial statements
Page11

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
BALANCE SHEET
31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investments
Investments
Investment property
13
2,841,198
2,803,659
14
15
240,100
325,000
234.512
325,000
3,406,298
3,363,171
CURRENT ASSETS
Debtors
Cash at bank
16
68,647
552,101
174.993
642,155
820,748
817,148
CREDITORS
Amounts falling due wthin one year
17
{82,567)
1201,568)
NET CURRENT ASSETS
538,181
815,580
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,944,479
3,978,751
NET ASSErs
3,944,479
3,978,751
FUNDS
Unrestricted funds
Restricted funds
20
3,885,427
59,052
3,953,438
25,313
TOTAL FUNDS
3,944,479
3,978,751
The financial statements were approved by the Board of Trustees and authorised for Issue on
and were signed on its behalf by..
/Hudson - Trustee
The notes fomi part of these financial statements
Page 12

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
{55,597)
{73,279)
Net cash used in operating activities
{55,597)
(73,279)
Cash flows from Investlng activitles
Purchase of tangible fixed assets
Interest received
(58,165)
23,708
1135,180)
9,029
Net cash used in investing activities
(34,457)
1126,151)
Change In cash and cash equlvalents
In the reportlng perlod
Cash and cash equlvalents at the
beglnnlng of the reportlng perfod
(90,054)
{199,430)
642,155
841,585
Cash and cash equlvalents at the end
of the reportlng perlod
552,101
642,155
The notes fomi part of these financial statements
Page13

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expenditure for the reportlng period las per the Statement
of Flnanclal Actlvltlesl
Adjustments for:
Depreciation charges
Gain on investments
Interest received
Decreasel(increa5e) in debtors
(Decreasellincrease in creditors
134.272)
{81,375)
20,626
(5,588)
123,708)
106,346
1119,001)
13,633
{19,511)
(9,029)
1116,577)
139,580
Net cash used in operatlons
155,597)
{73,279)
ANALYSIS OF CHANGES IN NET FUNDS
At1.1.24
Cash flow
At 31.12.24
Net cash
Cash at bank
642,155
(90,054>
552,101
642,155
(90,054>
552,101
Total
642,155
(90,054)
552.101
The notes form part of these financial statements
Page 14

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the chartiy, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) '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 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have
been prepared under the historical cost convents-on, with the exception of investments which are
included at market value, as modified by the revaluation of certain a55ets.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as
a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, 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 particular headings they have been
allocated to aGtivities on a ba515 con51Stent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Fixtures and fittings
Equipment
33 % on cost, 200h on cost and 1 OQ/o on cost
33¥0 on cost, 20'h on cost and 1 OD/0 on cost
Freehold property is not being depreciated on the basis that it would be immaterial due to all properties
having high residual values. The carrying values of tangible fixed assets are reviewed for impairment in
accordance with the requirements of FRS 102.
Investment property
The value of investment properties at the balance sheet date is reviewed annually by the Trustees. Any
surplus or deficit in the value of the properties is refiected in the Statement of Financial Activrties.
Taxatlon
The charity is exempt from tsx on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Financial instruments
The charity only enters into basic financial in5trument5 transactions that result in the recognition of
financial assets and liabilities like trade and other accounts receivable and payable and investments in
stocks and shares. The measurement basis used for these instruments is detailed below.
Page15
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEM8ER 2024
ACCOUNTING POLICIES - continued
Financial instrument8
Debtors and cash at bank
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in
hand includes cash held on deposit or in a current account.
Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from
past event that wll 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.
Investments
Investments are a form of basic financial instrument and are initially recogni5ed at their transaction
value and subsequently measured at their fair value as at the balance sheet date using the closing
quoted market price. The statement of financial activities includes the net gains and losses arising on
revaluation and disposals throughout the year.
DONATIONS AND LEGACIES
2024
2023
Planned givlng
Donations and Legacies
Gift aid
Collections at services
113,613
74.367
25,461
13,516
128,920
67,187
6,330
4,833
226,957
207,270
OTHER TRADING ACTIVITIES
2024
2023
Church events
Church hall lettings
14.791
66.366
15,475
90,123
81,157
105,598
INVESTMENT INCOME
2024
2023
Rents received
Dividend income
Deposit account interest
28,840
6,382
23,708
28,380
8,224
9,029
58,930
43,633
All investment income is derived from assets held in the United Kingéom.
Page 16
continued..

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Fees for weddings and
funerals
Grants
Church activities
Church activities
21,582
366,170
15,808
254,974
387,752
270,782
RAISING FUNDS
Investment management costs
2024
2023
Portfolio management
860
1.448
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 8)
Support
costs (see
note 91
Totals
Church activities
762,306
31,491
793,797
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Church running expenses
Hall running costs
Church repairs & rnaintenance
Mission giving and donations
Hall repairs & maintenance
Bad debts
Depreciation
Parish share
259,286
149,948
80.766
22,289
32,704
90,128
929
20,627
105,629
218,960
179,329
108,058
30,465
10,922
12,982
1,936
13,633
107,282
762,306
681,567
SUPPORT COSTS
Govemance
costs
Finance
Totals
Church actrvities
1,647
29,844
31.491
Page 17
continued..-

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
SUPPORT COSTS- continued
Support costs, induded in the above, are as follows:
Flnance
2024
Church
activities
2023
Total
activities
Bank charges
1,647
1,835
Governance costs
2024
Church
activities
2023
Total
activities
Auditors, remuneration
Legal and professional fees
7,580
22,264
6,137
37,184
29,844
43,321
10. TRUSTEES. REMUNERATION AND BENEFITS
During the year 1 trustees (2023.. 1 trustee) received remuneration or other benefits totalling £19,921
(2023. £16,589).
Trustees. expenses
During the year 17 trustees (2023: no trustees) were reimbursed out of pocket expenses totalling
£3,511 (2023: £nil}.
STAFF COSTS
2024
2023
Salarles and wages
Pension costs
254,311
4,975
213,883
3,077
259,286
216,960
The key management personel of the charity campri5e of the Operational manager and the Finance
manager. The total employee benefits, comprising salary, pension contributions and Employers
Natlonal Insurance contributs'ons ot the key management personnel ot the chanty were LSU,1116
{2023 .'£25,2151
Average monthly number of employees
13
13
Page 18
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
204,865
2,405
207,270
Charitable activities
Church activities
152,506
118,276
270,782
Other trading activities
Investment income
105,598
43,369
105,598
43,633
264
Totsl
506,338
120,945
627,283
EXPENDITURE ON
Raising funds
1,446
1,446
Charltable actlvltles
Church activities
567,098
159,625
726,723
Total
568,544
159,625
728,169
Net gains on investments
19,511
19,511
NET INCOMEIIEXPENDITUREI
Transfers between fund8
(42,895)
{34,492)
(38,680)
34,492
181,375)
Net movement in funds
{77,187)
(4,188)
181,375)
RECONCILIATION OF FUNDS
Total funds brought forward
4,030,623
29,503
4,060,126
TOTAL FUNDS CARRIED FORWARD
3,953,436
25,315
3,978,751
Page 19
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
13. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Equipment
Totals
COST
At 1 January 2024
Additions
Disposa15
2,633,040
47.310
25,810
182,749
32,355
14,200)
2,843,099
58,165
(4,200)
At 31 December 2024
2,633,040
73,120
190,904
2,897,064
DEPRECIATION
At 1 January 2024
Charge for year
Eliminated on disposal
11,814
5,912
27,626
14,714
(4,200)
39,440
20,626
14,200)
At 31 December 2024
17,726
38,140
55,866
NET BOOK VALUE
At 31 December 2024
2,633,040
55,394
152,764
2,841,198
At 31 December 2023
2,633,040
35,496
135,123
2,803.859
14. FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 January 2024
Revaluatsons
234,512
5,588
At 31 December 2024
240,100
NET BOOK VALUE
At 31 December 2024
240,100
At 31 December 2023
234,512
There were no investment assets outside the UK.
15. INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2024
and 31 December 2024
325,000
NET BOOK VALUE
At 31 December 2024
325,000
At 31 December 2023
325.000
As at 31 December 2024 One propety (2023.. One propety) is held on the basis to eam rental income.
Page 20
continued.-.

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS- Gontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
15. INVESTMENT PROPERTY - contlnued
An external valuation of the freehold property was carried out by Curchod & Co, Chartered Surveyors &
Commercial Property Agents on 14 March 2023 and a revaluation adjustment has been recognised for
the year ended 31 Decembei 2022. The Trustees have reviewed for 31 December 2024 and the value
of the properties remains the same. This valuats'on was made in accordance wth the SORP and the
RICS Appraisal and Valuation Manual.
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
37,186
31,461
108,582
66,411
68,647
174,993
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
other credltors
7.682
74.885
28.955
172,613
82,567
201,568
Included in the balance of other creditors is an amount of £57,33312023.' £99,328) which relates to
deferred income. This deferred income has been deferred as a result of money being received in
advan￿ in order to cover various staff costs.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2024
2023
Within one year
1,000
19. ANALYSIS OF NET ASSETS BETWEEN FUND5
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Fixed assets
Investments
Current assets
Current liabilities
2,841,198
565.100
561,696
(82,567)
2,841,198
565.100
620,748
(82,567)
2,803,659
559,512
817,148
1201,568)
59,052
3,885,427
59,052
3,944.479
3,978,751
Page21
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At 1.1.24
Unrestricted funds
General fund
Building fund
Repair (Designated)
Choir (Designated)
Sunday School (Designated)
283,816
3,632,651
30,171
200
6,600
(66.035)
(201)
(1,775)
216,006
3,632,450
30,171
200
6,600
3,953,438
(88,238)
(1,775)
3,885,427
Restrlcted funds
Fabric, fittings & fine art fund
MemorFal display fund
Sunday school fund
Choir fund
Flower fund
Daisy Smith discretionary fund
Daisy Smith music & education fund
Homeless fund
Small saints fund
Belfry fund
Bells fund
Repair fund
Audiolvisual fund
SDF Funding
4,715
1,718
1739)
3,978
1,718
518
349
(33)
563
171
2,084
516
110
(531)
239
498
563
171
2,084
46
5,198
{518)
683
9,916
465
22
(106)
(2,242)
34,469
(2,564)
4,339
3,099
3,843
577
7,874
34,489
25,313
31,964
1,775
59,052
TOTAL FUNDS
3,978,751
(34,272)
3,944,479
Net movement In funds, included in the above are as follows..
Incoming
resources
Resourc&8
expended
Gains and Movement
losses
In funds
Unrestricted funds
General fund
Building fund
447,719
(518,908)
(201)
5,154
{66,035)
1201)
447,719
(519,109)
5,154
{66,236)
Restrlcted funds
Fabric, fittings & fine art fund
Suii¢Jdy sL'liuul furi
Choir fund
Flower fund
Belfry fund
Bells fund
Repair fund
Audiolvisual fund
SDF Funding
1739)
{739)
318
110
(531)
465
22
(106)
(2.242)
34,469
243
180
270
7.735
1,368
199
271
(70)
(801)
(7,270)
(1,346)
(469)
(2.242)
(262,6111
164
297,080
307,077
(275.548)
435
31,964
TOTAL FUNDS
754,796
1794,657)
5.589
(34,272)
Page 22
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At1.1.23
Unrestrlcted funds
General fund
Building fund
Repair (Designated)
Choir (Designated)
Sunday School (Designated)
343,845
3,643,230
31,973
200
11,375
{25,5371
{10,5791
(1,802)
134,492)
283,816
3,632,651
30,171
200
6,600
(4,775)
4,030,623
(42,693)
134,492)
3,953,438
Restrlcted funds
Fabric, fittings & fine art fund
Memorial display fund
Choir fund
Flower fund
Daisy Smith discretionary fund
Daisy Smith music & education fund
Homeless fund
Small 5aint5 fund
Belfry fund
Bells fund
Repair fund
Audiolvisual fund
SDF Funding
5,559
1,718
239
1,762
563
171
2,084
46
4,391
(844)
4,715
1,718
239
498
563
171
2,084
46
5,198
1518)
683
9,916
(1,264)
807
(5181
683
(3,0541
(34,4921
12,970
34,492
29,503
(38,6821
34,492
25,313
TOTAL FUNDS
4,060,126
(81,3751
3,978,751
Page 23
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS - contlnued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
Building fund
Repair (Designated)
Sunday School (Designated)
506,015
(555,803)
(10,579)
(2,160)
24,251
(25.537)
(10,579)
(1,8021
(4,775)
358
(5,098)
323
506,338
(568,542)
19,511
(42,693)
Restrlcted funds
Fabric, fittings & fine art fund
Flower fund
Belfry fund
Bells fund
Repair fund
Audiolvisual fund
SDF Funding
{8441
(1,2641
(1,238)
(1,148)
{140)
(3,054)
(151,941)
(844)
(1,264)
807
(518)
683
(3,054)
(34,4921
2,045
628
823
117,449
120,945
(159,627)
(38,682)
TOTAL FUNDS
627,283
(728,169)
19,511
(81,3751
Repalr funds {designated}
Funds are designated to be used for the fabric upkeep of the All Saints building.
Cholr fund (deslgnated)
Funds are designated to be used for costs in relation to the St. Michael's Church choir.
Sunday school Ideslgnatedl
Funds are designated to be used to further the work of St. Mlchael's Church in relation to the rellgious
education of children and young people.
Fabric, fittings & flne art fund
Funds are used to pay for repairs and purchases in relation to the fabric, fittings and fine are of St
Michael's Church.
Memorfal dlsplay fund
Funds were used to purchase an interactive World War l Memorial Display which has been installed in
the Memorial Chapel of St. Michael's Church. Remaining funds are reserved to pay for possible future
changes to the display
Sunday school fund
Funds are used to further the work of St. Michael's Church in relation to the religious education of
children and young people.
Tufty club fund
Residual balance for Children's Road Safety Club which has since stopped, fijnds retained to be used
on a different but related purpose.
Flower fund
Funds are used to cover the costs involved in providing flowers for decorating St. Michael's Church.
Daisy Smith discretionary fund
Page 24
continued...

BASINGSTOKE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS- continued
Being retained funds received from a £500 legacy, to be used on ad hoc minor expenses at the
discretion of the priest in charge.
Dalsy Smtth muslc & educatlon fund
Also being retained funds received from a £500 legacy noted above to be used to help in musical
education for children. For example, recent use has included choral training for a teenage choir
member.
Homeless fund
Funds are used to support work with homeless people in Basingstoke. They have been used to cover
costs incurred in the running of the Night Light Winter Shelter at St. Michael's Church and to make
donations to the Camrose Centre.
Belfry fund
Being for the running of the All Saints Bellringing team and bell tower related maintenance.
Bells fund
Funds are used to pay for repairs and purchases in relation to the belty of St. Michael's Church.
Repalrs fund
Funds from varlous historic donations being used for the fabric upkeep of the All Salnts bulldlng.
Audlolvisual fund
Funds were used towards the cost of the purchase and installation of a new Audiowvisual system at St.
Michael's Church. This included a major upgrade to the sound system and new video projection
facilities.
SDF Funding
Five year Strategic Development Fund grant awarded to fund the St Michael's building project and the
initial church plant.
21. CAPITAL COMMITMENTS
As of 31 st December 2024, Basingstoke PCC has entered into contracts with total value of £1,153,615
(2023-. £Nil) wth a outstanding liabilily on the contract at year end of £1,050,088 what is in relation to a
project for the development of St Michael's church which Basingstoke PCC is receiving funding for.
22. RELATED PARTY DISCLOSURES
One of the trustees is also a trustee of Friends of All Saints Church Basingstoke, during the year
Friends of All Saints Church Basingstoke made a donalion of £2,230 (2023.. £Nil) in relation to bell
repairs. Two trustees are also trustees of The Parrett Trust, during the year The Parrett made
donation of £8,774 (2023.. £121,000) in relation to organ repairs at All Saints Church.The 2023 amount
is in relats'on to grants received from The Parrett Trust.
Page 25