**ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** The Parochial Church Council ( ‘ PCC ’ ) is pleased to present its reports and financial statements for the year-ended 31[st] December 2024. ## **Reference and Administrative Information** ## **Charity Name: Parochial Church Council of St Philip ’ s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath.** ## **Charity Registration Number** 1133831 **Office** St Philip ’ s Church Centre, Manor Road, Dorridge, Solihull, B93 8DX. ## **PCC** Members of the PCC who are trustees for the purpose of charity law and who served during the year and up to the date of this report (unless indicated otherwise) are set out below: |**Ex Officio Members of the PCC**|**Elected Members**| |---|---| |RevDuncanHill-Brown (Vicar + Chair)
Derek Timms (Church Warden)
Lisa Maines (Church Warden)
Julie Wetherell (Under 25s Minister)
**Elected Members of the DiocesanSynod**
Caroline Egan
**Elected Members of the Deanery Synod**
Jeffrey Farnes(elected 12thMay 2024)
Derek Timms
Christian Hughes|Sarah Sasse (Lay Chair)
Andy Carswell (alsoHon Treasureruntil4
Sept 2024)
Robert Beckham(appointed from 4
September 2024 Hon Treasurer)
Felicity Price (Hon Secretary)
Colin Revans(resigned 12thMay 2024)
Stephen Street(resigned12thMay 2024)
Richard Arbuthnot
Rosemary Routledge (resigned 12thMay
2024)
Laura Bates (elected 12thMay 2024)
Rebecca Baugh (elected12th May 2024)
ChungLingChoi(elected12thMay2024)| ||ChungLing|Choi(elected12thMay202| |---|---|---| |**Independent Examiner:**|**Bankers:**|**Solicitors**| |Jeremy Kitson
Prime Chartered
Accountants
1 Homer Road
Solihull|HSBC Bank Plc
34 Poplar Road
Solihull
West Midlands, B91 3AF|Shakespeare Martineau
1 Colmore Square
Birmingham
B4 6AA.| |West Midlands, B91 3QG.||| **ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** ## **Structure Governance and Management** ## _**Governing Document**_ The constitution and rules for the proceedings of the PCC are set out in the Parochial Church Council Powers Measure (1956) as amended and in the Church Representation Rules. The PCC was registered with the Charity Commission on 28[th] January 2010. ## _**Recruitment and Appointment of PCC**_ There are certain statutory ex officio members of the PCC eg the Vicar and any other clerk in Holy Orders beneficed in or licensed to the parish, any deacon, deaconess or lay workers licensed to the parish; the two churchwardens and persons on the electoral roll of the parish who are also members of the deanery synod, diocesan synod or General Synod. In addition, there are elected members of the PCC who are chosen at the annual parochial church meeting. Those elected must be on the electoral role, be over 16 and be confirmed. Members may also be co-opted by the PCC. ## _**PCC Induction and Training**_ On appointment PCC members are given documents covering background information relating to the workings of the PCC. ## _**Risk Management**_ Members of the PCC have reviewed the major strategic and operational risks which the church faces, in order to be satisfied that systems have been established to enable regular reports to be produced and that all necessary steps have been taken to minimise the effects of all such risks which may exist. ## _**Organisational Structure**_ The PCC normally meets eight to ten times per annum with an agenda and supporting documents circulated to PCC members in advance of each meeting. As required under the Church Representation Rules, the PCC each year appoints a standing committee of five or more members including the Vicar the churchwardens, treasurer and secretary which meets as required to make recommendations and reports to and is accountable to the PCC. The PCC appoints several reporting committees and working parties to be responsible for particular functions. The church wardens are PCC members and inter alia form a link between the Bishop and the parish. They see that the PCC carries out its responsibilities for the care, maintenance and insurance of the church, its contents, the churchyard and other buildings owned by the PCC and arrange to inspect the fabric of the church each year and report to the annual parochial church meeting. During 2024 the PCC employed a Parish Operations Manager (25 hours a week), a Parish Office Assistant (25 hours a week) and an Under 25s minister (35 hours a week). The **ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** previous Parish Communications Manager resigned at the end of December 2023 and was replaced in July by a Parish Office Manager (16 hours a week). For a short time in the Autumn of 2024, a facilitator for activities at St James, Bentley Heath was employed (funded by a Church of England grant). ## _**Remuneration Policy**_ For the employees, salaries are determined by the PCC after taking advice on comparable posts in the area and the positions filled by open advertisement. ## _**Objectives and Activities**_ The PCC's objective is to promote and to carry out Christian ministry in the parish of Dorridge and Bentley Heath. It is responsible for co-operating with the vicar and promoting the whole mission of the church, pastoral, evangelistic, social and ecumenical. It is also responsible for the maintenance of the churches of St Philip ’ s and St James ’ . The PCC has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives of the PCC and in planning its future activities. ## **Review of the Year and Future Plans** In 2024 we have continued to try to live and live out our vision statement: that we are St Philip ’ s Dorridge with St James ’ Bentley Heath, “ Living life with Jesus and sharing life with others, in the power of the Spirit. ” We are aiming to fling wide our doors to welcome all in Jesus ’ name, and to prefer the needs of others (especially the under 25s), as we offer extravagant hospitality and outrageous generosity to resource the ministry and mission of the church in Dorridge, Bentley Heath and beyond. ’ The PCC continues to focus on; - ’ - Growing God s Kingdom in Dorridge, Bentley Heath and beyond. - Prioritising the needs of the Under 25s and their families. - Naturing and supporting our Senior Community. - Caring for God ’ s creation. - To replant St James ’ Bentley Heath as JAM@St.James the Church for the School. This is part of a national Church pilot project Flourish to plant new worshipping communities in schools. - To expand further the facilities at St Philips Dorridge. - To lead and facilitate a revitalisation of church and Parish ministry and mission in the neighbouring Parish of St Thomas ’ Nuthurst cum Hockley Heath. It is a joy to see how the facilities that the St Philip ’ s Church Centre provides well used by the local community and nearly full to capacity. We are continuing to see growth in number and diversity of our Sunday congregation. With the help of our Under 25s minister we are developing our ministry and outreach to young people and their families, and it is a delighted to see increasing numbers of youngsters attending the various activities we offer, 75 under 18s on our Sunday Morning books, 70 year 6 to year 13 youth at our Monday **ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** evening youth club and in excess of 90 young children along with their adult carers attending our Parent and Toddler Groups throughout the week. We have seen an encouraging start to our monthly community café. We have refocussed our ministry to the senior members of our community around our very popular Wednesday 10.30am Holy Communion Service (up to 60 attending every week). During weekdays we run a café facility which is open to all members of the community, and we are seeing increasing number of people use this. In addition, various community groups hire our rooms to run a variety of activities. We estimate that on a typical week over 1,000 people from the community come through our doors. Looking forward … - We have appointed a facilitator/enabler to lead the work of JAM@St.James - We are working on plans to complete the fitting out of the 1[st] floor at the St Philip ’ s Church Centre - We are delighted to have achieved the Eco Church Silver award and have begun working towards the Gold award. During 2024, the U25s Minister has become a permanent role; acoustic panelling was installed in the Church Centre foyer; a full review of Parish Office support for Church and Church Centre ministry and mission was carried out, and as a result the Office manager appointed, further expansion of the staff is expected in 2025 both to support our work with young children and our role in supporting St Thomas ’ Church in Hockley Heath. Our current service pattern is as follows: Weekly: Sunday 10am and 7pm, Wednesday 10:30am Termly Messy Church on a Sunday at 4pm The number on the Electoral Roll in April 2024 was 230 (2023: 231) with the Worshipping Community in 2024 being 533 (2023: 497). We entirely reliant on God to provide for all the needs of our ministry and mission, and we are indebted to all the members of the church family who have generously invested their time, talents, Spiritual gifts, prayer, and money in our church ’ s ministry and mission to grow God ’ s church in Dorridge, Bentley Heath and beyond. We recognise that we can do nothing without ‘ God ’ s hand being with us ’ (Acts 11:21). ## **Financial Review** Our financial priorities are; - Invest in youth and children ’ s ministry. - Give away a minimum of 10% of regular donations to Mission Beyond the Parish activities. - Meet our commitment to the Diocesan Common Fund. **ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** - Raise the money needed to complete the upstairs to prove more meeting space and additional office space, which is sorely needed in the light of the expansion on our work at St Philips and St James. - We are pleased to say that the loans incurred on the building project have been - reduced to £24K , and that we have been able to meet and go beyond our commitment to the Diocesan Common Fund. The PCC continues to be grateful that the ministry of the Church continues to be supported by the generous giving of time, money and talents of many of the Church ’ s members. The financial resources managed by the PCC are split into three fund types (1) the General Fund (which comprises unencumbered gifts for the general purposes of the church and related expenditures including our Parish contribution to the Diocesan Common Fund) (2) a number of Designated Funds (representing monies given for specific purposes and where the PCC is expressly given the ability to apply unused funds for general purposes) and (3) Restricted Funds where monies are given for specific purposes and can be used for those purposes only. ## _**The General Fund**_ The principal source of income is Parishioners ’’ giving, the majority of which is gifted aided; income from use of the premises also increased substantially during the year. Total income in 2024 was £ 324K (2023 : £ 271K), an increase of 19% on the previous year primarily driven by increased giving. Expenditure in 2024 was £ 258k (2023 : £ 252k), a minimal increase of around 2%on the previous year despite significantly increased energy costs, itself a result of greater use of the facilities. This resulted in a surplus in the General Fund of £ 65.7K compared to £ 19.8K in 2023. ## _**Building for the Future Funds**_ We have a designated and restricted funds for ‘ Building for the Future ’ , created in 2013 to ’ raise funds to finance the creation of the new St Philip s Centre. In March 2020 the PCC approved signing a contract with Keir Construction Ltd to build the first phase of the building (demolish existing buildings and construct new worship centre). In November 2020 the PCC resolved unanimously to enter into the Phase 2 contract to complete the entire ground floor . To fund Phase 2 the PCC received unsecured loans from Parishioners of £ 125k and a £300k loan from a 3[rd] party church. We are delighted to report that all but £24K of the parish loans and all the 3[rd] party loans have been paid back or converted into donations. Expenditure during the year on the project was £1 2.4k net (2023 : £ 10k). An anticipated final payment of £ 100.6k remains to be settled in 2025. At the year-end there was a net £ 99,028k cash in the bank with the £ 24k in loans due to parishioners. ## _**Building for the Future asset handling**_ Consecrated land/buildings and equipment are not included in the financial statements by ‘ ’ virtue of Charities Act 2011. In law consecration is not considered to be the same as **ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** ‘ dedication ’ as the latter is no more than an expression of pious intention that the building or land is given back to God. By act of consecration, property is effectively dedicated to God and set aside solely for the sacred purposes. Costs associated with the maintenance or improvement of such assets will be written off in the year they are incurred. _(ref: PCC accountability guide)_ Consequently, and after having taken advice from the Diocese of Birmingham, all expenses associated with the construction of the new building are being written off as incurred and not capitalised. ## _**Property Disposal & Revaluation**_ There were no property disposals or revaluations during 2024. ## _**Reserves Policy**_ The General Fund has net reserves of £ 140,472 (2023 : £ 74.1k), while the Building for the Future Funds had a net surplus of £ 75,028 (2023: deficit £28.9 k). The PCC ’ s stated policy is that the bank balance in the General Fund should not go below £ 50k (currently the net amount after taking account of current liabilities is £ 109K ## **Annual Accounts** The accounts have been prepared by Robert Beckham (Honorary Treasurer) with invaluable support from Justin Sasse (Honorary Bookkeeper). Grateful thanks are also due to our previous Treasurer, Andy Carswell) and Bookkeeper (Liz May) who continued to be responsible for the accounts until the late summer of 2024. The accounts have been prepared in accordance with the format recommended by the Central Board of Finance of the Church of England to comply with the Charities Act. Peter Hunt continues to deal with all regular giving and Gift Aid matters for which we are very thankful. ## **Statement of Responsibilities of the Members of the PCC (the trustees)** The trustees are responsible for preparing the report of the PCC and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practise). The law applicable to charges in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charity's Statement of Recommended Practise; make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and **ANNUAL Report of the Parochial Church Council of St Philip** ’ **s Dorridge with St James Bentley Heath, in the benefice of Dorridge and Bentley Heath, for the yearended 31[st] December 202 4.** - prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Charity will continue. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Account and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the Charity and the financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions. ## **Independent Examiner** Prime Chartered Accountants have expressed their willingness to continue in office and will be proposed for re-appointment at the Annual Parochial Church Meeting. Approved by the PCC on 25[th] February 2025 **Rev Duncan Hill-Brown Chairman of the PCC** **Robert Beckham Honorary Treasurer** PAROCHIAL CHURCH COUNCIL OF ST PHILIPS. DORRIDGE vKfH ST JAAIES. BENTLEY HEATH STATEMENT OF FINANCIAL ACTivmES for th• yw •nd•d 31 D•wnb•r 2024 G•n•r•l DMlgn•t•d R••trlct•d Endowm•nt 2024 Fund £ Fund• £ Fund• £ Fund• £ Total £ 2023 Total £ Incom• and •ndowm•nts fvom: Donallons and legacles 2a and 2b 240.480 62.153 369.097 11111 321.439 Income Irom A¢tlvwes 2c 78,007 85,013 60.453 Inve81m•nts 2d&6 5.639 5.580 Grants 13.025 9.100 22,125 12,322 Other 18 18 13.037 Total Incom• and Endowm•nl• 324,144 86,495 71,253 481.892 412.831 Exp•ndllUrn •n: Work vlthln the parf6h 3c&16 62,415 11111 45216 Bulldlng for th Fuluf• 12.471 12.471 7.998 Chgdtable %￿rK boy￿1￿ th• parleh 3b&5 94.105 1.370 97,275 113,916 Support trJit8 8nd 8dmlnl•tratlon 137.880 137,880 136.518 Tot•1 Ex dllur• 268.419 40.707 10.915 310.041 303,648 N•t In￿M*1￿•X ndltur• b•for• tr•n•f•r¥ 65.725 45.788 171.851 109. 183 Tr•n¥f•r• b•tw••n fvnd• 857 10.4991 9.640 N•t Incom• I •xp•ndttur• 66.382 35,289 70.178 171.851 109, 183 Olh•r r•cognl••d giln• f+) no•M• l.) Endowment fLTrnd rev¥luaUon N•t mov•m•nt• In fund* 313 313 313 172,164 1,079 170,262 66,382 35,289 70,178 Total lund• brought forward l January 2024 Tot•1 fund• 310•G•mb•r 2024 74,0 140,472 21,764 57,053 {23,4361 46,742 12.682 12,995 85.100 257.264 All Income and expendbtUFe relates to contlnuirq opeiations. There **r• no rwnl#od g4in8 Ios8ts Other Ihon IIKW I￿lUded In the Statement of Financial Ac14vltle8 Amount$ are Shown rounded lo nearest pound land so may appear not preclsetyto add across or downl. PAROCHIAL CHURCH COUNCIL OF ST PHIUPS DORRII)GE ST JAMES BENTLEY HEATH BALANCE SHEEf AS AT 31 DECEMBER 2024 A8at 3111212024 Asat 3111212023 Notes Flxgd assets Frnal￿￿1 6 Monor Road 15 EndowTnenl Fund tr￿1 by Dloc Tot81 Fix8d assets 14 12,995 12,996 12.682 12,683 Current a88et8 HSBC Income knthnt 11.279 10.801 3.153 194.724 HSBC Pad8h Offic* Act￿nI 9,137 335.432 HS8C Deposit AC￿nI C•8h in hand (Church Office) C88h In hand Ilnsplre} Accounts Rocoi¥8t40 Total Current assets 165 4&17 18,167 226,845 382.057 A9•nw roll•thn Loans from ¢ryvJregallon duo 2025 Lo•n8 from cOrqr•gatk￿ duè po812025 Accounts P8yBble Total Liabilities 15.0 11 J.791 137,791 4&17 120.428 154,428 se surp us Represented by Funds General (Unrestridedl Dwn8t•d Rostricied 140,472 57,053 46,742 12.995 257.262 74.0 112.2351 10,S63 12,682 85, It)0 EndowThènl 14 Total pproved by the Parochlal Church Councll on 26 February 2025 and $kJngd on its behalf ty. rt Beckham Treasurer Reverend Duncan Hlll-Brown Chaim)an Th8 notes on pages A4 to A15 fom part of thesè financial ststements. ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES BENTLEY HEATH** ## **Statement of Cash Flow for the year ended 31 December 2024** |_Note_
**Net cash flow from operating activities**
4 & 17
Rents received from investment properties
Interest receivable
Receipts from sales of investments
**Net Cash Flow from investing activities**
Long term loans repaid
Cash and cash equivalents at start of year
Net Increase/(decrease) in cash and cash equivalents
**Cash and cash equivalents at end of year**
**Cash and cash equivalents consist of**
Cash at bank and in hand
Short term deposits
**Cash and cash equivalents at end of year**|**2024**
**2023**
**£**
**£**
151,697
(41,471)
-
-
5,638
5,580
-
-
5,638
5,580
(10,000)
(150,000)
147,335
(185,891)
208,678
394,568
147,335
(185,891)
356,013
208,678
20,581
13,954
335,432
194,724
356,013
208,678| |---|---| A3 - Cash Flow Summary ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** **----- Start of picture text -----**
2024 2023
General Fund £ Designated £ Restricted £ Total £ Total £
2 Income and Endowments from
(a) Donations and Legacies
Giving General :
Gift Aided- Standing orders and envelopes 155,095 90 0 155,185 133,738
Gift Aided annual and occasional 7,783 0 0 7,783 3,524
Gift Aid recovered 41,558 0 0 41,558 35,375
Payroll and CAF giving 7,540 0 0 7,540 6,275
Collections (open plate) including GASDS 5,705 0 14 5,719 8,677
Non gift aided giving 22,397 0 22,397 9,748
240,078 90 14 240,182 197,337
(b) Specific giving
Building for the Future 400 40,281 10,451 51,132 87,832
Gift Aid Recoverable on above 0 10,591 0 10,591 7,605
Child and Family Ministry Appeal 0 10,340 0 10,340 20,285
Gift Aid recoverable on above 0 2,586 0 2,586 5,062
Other nominated gifts 0 2,195 1,432 3,627 2,026
Gift Aid recoverable on above 0 380 222 602 269
Grants (Building For The Future project) 5,000 0 5,000 0
Grants (JAM@St James) 0 8,750 8,750 0
Other grants and sundry donations 8,025 350 8,375 12,322
Legacies received 0 50,030 50,030 1,017
400 79,398 71,235 151,033 136,418
(c) Income from other activities
Allsorts parents and toddlers group 4,001 0 0 4,001 3,448
Youth 4,083 0 0 4,083 3,458
Parish Events 1,045 1,045 4,790
Inspire 0 6,506 0 6,506 51
Christmas Fair 3,344 3,344 0
Weekend Away 3,808 0 0 3,808 0
Ladies Breakfast 1,412 0 0 1,412 0
Spire Café 1,296 0 0 1,296 0
Refreshments contribution 173 0 0 173 0
Fees charged (net) 1,175 1,175 1,813
Lettings St Philips 57,095 500 0 57,595 45,827
Lettings - St James 570 0 0 570 1,065
Byumba Cards 80
Other receipts 18 18 0
Fun Run 12,957
78,020 7,006 0 85,026 73,489
(d) Investments
Interest from endowment fund 352 352 347
Interest from bank account 5,286 5,286 5,233
5,638 5,638 5,580
Total 324,136 86,494 71,249 481,879 412,824
**----- End of picture text -----**
A4 - Income ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** **----- Start of picture text -----**
Expenditure on: 2024 £ 2023 £
Grants, etc. General Designated Restricted Total Total
Church Overseas 8,820 1,800 10,620 1,844
Overseas Relief 140 140 6,635
Home Mission 4,400 1,350 5,750 13,491
Other charities 590 590 0
MBP Change in Accrual (3,005) (3,005) (229)
Hardship Fund Expenditure 160 20 180 260
Fun Run Grants 4,050
Fun Run Expenses 9,113
Grants, etc. Totals 11,106 1,800 1,370 14,277 35,166
Diocesan Common Fund 82,999 82,999 70,752
Building Project Expenses 12,471 12,471 7,998
Sub-Total of above 94,105 14,271 1,370 109,747 113,916
Activities relating to the work of the Church
Gift 380 380 0
Clergy expenses 3,472 3,472 2,491
Clergy housing expenses 656 656 576
Youth Minister - Salary & NI 22,444 5,250 27,694 26,375
Youth Minister Expenses 443 258 701 721
JAM@StJames costs 569 569 0
JAM@StJames salaries 3,346 3,346 0
Mission and Outreach (adults) 833 833 3,586
Alpha Programme (adults) 15
Lay Team Training 140 140 0
Allsorts 651 651 315
Youth 4,417 4,417 3,974
Children's Groups 781 781 957
Parish Events Expenses 1734 1,734 3,483
Inspire 3,734 3,734 0
Christmas Fair expenses 436 436 0
Weekend Away expenses 3,171 3,171 0
Ladies Breakfast Expenses 926 926 0
Spire Cafe Expenses 1,137 1,137 0
Church Refreshments 3,020 3,020 5,424
Music & Worship Supplies and Licences 4,609 4,609 1,957
Activities relating to the work of the Church Totals 26,434 26,436 9,545 62,417 53,214
Support costs
St Philips Insurance 3,023 3,023 3,028
St Philips - Utilities 39,090 39,090 47,706
St Philips Cleaning, Supplies etc 23,235 23,235 21,094
St Philips Repairs and Maintenance 16,904 16,904 10,195
St James Running Costs 4,430 4,430 1,500
St James Repairs and Maintenance 1,642 1,642 0
Support costs Totals 88,328 88,328 83,525
Church management and administration
Administration Salaries paid 39,066 39,066 44,466
Printing, photocopying and communication costs 1,999 1999 4,408
Other Parish Office expenses 5,221 5,221 1,062
Bank and other payment charges and accounting software 437 437 529
Audit Fees 2,827 2,827 2,526
Church management and administration Totals 49,552 49,552 52,993
Expenditure Grand totals 258,421 40,708 10,915 310,045 303,649
**----- End of picture text -----**
A5- Expenditure ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS, DORRIDGE WITH ST JAMES, BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** ## **4 Fund Movements for the year ended 31 December 2024** |**Unrestricted Funds**
**_General Fund:_**
Current Assets
Current Liabilities
**_Net Current Assets_**
**_Fixed Assets_**
**Total General Funds**
**_Designated Funds:_**
Building for the Future
Inspire
Karongi Diocese
Child and Family Ministry
Sue Timms Memorial
**_Current Assets_**|74,090
(20,065)
54,025
54,025
5,144
0
0
15,721
898
21,763
**31 December**
**2023**|**Income**
**Expenditure**
**Transfers**
324,145
(258,421)
659
140,473
-
-
(13,468)
324,145
(258,421)
659
127,005
324,145
(258,421)
659
127,005
55,873
(12,471)
(10,000)
38,546
7,007
(3,734)
(499)
2,773
2,575
(1,800)
0
775
21,041
22,703
0
14,060
0
-
0
898
86,496
4,698
-10,499
57,052
**2024**
**31 December**
**2024**| |---|---|---| |**_Current Liabilities_**
**Net Current Assets**
**Creditors -amounts falling due after more**
**than one year**|21,763|(100,364)
86,496
4,698
-10,499
-43,312| |**Fixed Asset (see note 11)**
**Total Designated Funds**
**Total Net Unrestricted Funds**|1
21,764
75,789|1
86,496
4,698
-10,499
-43,311
410,641
(253,723)
-9840
83,694| |**Restricted Funds**
**JAM@StJames**
**St Philips Building Project Loans Fund**
**Building Project**
**Youth Ministry**
**Diocesan decoration fund**
**Fun Run**
**Hardship Fund**
**Nominated Gifts**
**_Total Restricted Funds_**
**Total Funds**
**_Endowment Fund_**
**CBF Income Shares**|0
(34,000)
-
5,250
377
1,423
2,626
887
-23,437
52,352
12,682
**31 December**
**2023**
**31 December**
**2023**|**Income**
**Expenditure**
**Transfers**
9100
-3,915
0
5,185
-
-
10,000
(24,000)
60,482
-
-
60,482
-
(5,250)
-
-
0
0
-
377
0
0
0
1,423
0
(20)
(160)
2,446
1,672
(1,730)
-
829
71254
(10,915)
9,840
46,742
481,895
(264,638)
0
130,436
12,995
313
**2024**
**31 December**
**2024**
**Revaluation**
**31 December**
**2024**| A6 -Fund Movements ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS, DORRIDGE WITH ST JAMES, BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** - **5 Analysis of Grants** **----- Start of picture text -----**
Mission and Overseas Home
Other Total
Overseas Relief Mission
GIVING FROM GENERAL FUNDS £ £ £ £ £
Grassroots Rwanda (David Dale
Shyogwe Trust) 4,900 4,900
Karongi 3,060 3,060
Reachout Network 1500 1,500
Shine Youth 5900 5,900
SOMA 1000 1,000
Climate Stewards 390 390
A Roche re ECO Church 200 200
Total Payments 2024 General Fund 7,960 1000 7400 590 16,950
RESTRICTED GIFTS
Karongi 1800 1,800
Children's Society (Christingle) 624 624
Salvation Army 333 333
Support from the Hardship Fund 180 180
Total Payments 2024 Restricted Funds 0 1,800 1,137 0 2,937
Change in MPB Reserve
Total Grants - 2024 7,960 2,800 8,537 590 19,887
Total Grants - 2023 26,043
**----- End of picture text -----**
A7 -Grants ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** - 6 **Interest from endowment fund** |**2024 £**|**2023 £**| |---|---| |353|347| This arises from a holding of 562 CBF income shares given by a parishioner in 1957. The capital has to be retained as a permanent endowment fund held by the Diocese on behalf of the PCC, which is entitled only to use the income. This income may be used for unrestricted purposes. ## **7 Support Costs** Of the support costs shown in Note 3, building upkeep and running costs are allocated by estimated usage, and office and governance costs by estimated office time input, as follows:. ||**_Raising Funds_**|**2024**|**2023**| |---|---|---|---| ||St Philips Upkeep & Running Costs|20%|20%| ||St James Upkeep & Running Costs|20%|20%| ||Administration, office costs, and governance.|20%|20%| ||**_Supporting Activities_**||| ||St Philips Upkeep & Running Costs|80%|80%| ||St James Upkeep & Running Costs|80%|80%| ||Administration, office costs, and governance.|80%|80%| |**8**|**Staff Costs**|**2024**|**2023**| ||Wages and salaries|66,414|63,791| ||Social (NI) security costs|4,599|4,404| ||Pension costs|6,963|7,051| |**9**|**Staff numbers and information**||| |||**2024**|**2023**| ||Head Count (average over the year)|3.60|4.00| ||Full time equivalents (average over the year|2.55|2.73| The PCC employed a Parish Operations Manager working normally for 25 hours a week, until 31 January 2024 a Parish Communications Manager, also working normally for 25 hours a week, a Parish Office assistant working 15 hours a week, and a full time Children's and under 25's Minister. From July 2024 the PCC additionally employed an office manager initially for 20 hours a week but subsequent reduced to 16 hours a week. None earned more than £60,000 per annum. ## **10 Related party transactions** At the end of the year outstanding loans provided by members of the PCC totalled £4,000 (2023: £19,000). |£19,000).||| |---|---|---| |Aggregate contribution to the principal church funds from all PCC members and||| |theirs immediate families were as follows:|**2024**|**2023**| ||**£**|**£**| |General Fund Contribution|27,523|40,772| |Building for the Future contributions|24,360|19,032| |Other|10,000|| A8 - Notes 1 ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** ## **11 Trustee remuneration, expenses, and related party transactions** Revd Duncan Hill-Brown is a member of the PCC and a Trustee. He was reimbursed £3,457 (2023: £2,491) for his operating expenses. No other trustee received remuneration or expenses. ## **12 Taxation** As a charity the Parochial Church Council of St Philips, Dorridge with St James, Bentley Heath is exempt from tax on income and gains falling within section 478 of the Taxes Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen within the PCC. ## **13 Inspire** From 1 January 2024 the PCC accepted the benefits and obligations of the St Philip's and St James Inspire group. ## **14 Endowment Fund** |**Endowment Fund**||| |---|---|---| ||**2024 £**|**2023 £**| |Book value at 1 January|12,682|11,603| |Revaluation of Endowment Fund|313|1,079| |Book value at 31 December|12,995|12,682| ## **15 Land and Buildings** Under section 10 of the Charities Act 2011, and in accordance with advice from the Diocese of Birmingham, expenditure associated with the provision of new buildings is written off as incurred and is not capitalised. The '9 metre strip' of residual land excluded from the 2016 sale of 6 Manor Road was valued for accounting purposes at £65,000, as explained in the 2015 Annual Report. After this became part of the church site, the PCC resolved to reduce its valuation to one pound at 31 December 2018. The PCC does not own the Church asset at St James, but has the right to use it until 2200. Recent building works at St Philips have been written off as incurred against the St Philip's Building Project Fund, in line with the accounting policy. ## **16 Designated Fund (Child and Family Ministry):** £25,000 was donated by parishioners in 2023 designated for the employment of an Under 25 Minister. Further monthly sums have been donated subsequently. A9 -Notes 2 ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December** ## **17 RECONCILIATION OF NET INCOME/EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**RECONCILIATION OF NET INCOME/EXPENDITURE**
**TO NET CASH FLOW FROM OPERATING ACTIVITIES**||| |---|---|---| ||**2024 £**|**2023 £**| |Net income / (expenditure)|171,850|109,184| |Less: Non-operating income||| |Rents received from investment properties||| |Interest receivable|5,639|5,580| |Net operating income / (expenditure)|166,211|103,604| |(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities|(7,878)
(6,637)
151,697|(825)
(144,248)
(41,469)| ## **18 CHURCH WORKERS PENSION FUND** The PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two sections: 1. the Defined Benefits Scheme 2. the Pension Builder Scheme, which has two subsections; a. a deferred annuity section known as Pension Builder Classic, and, b. a cash balance section known as Pension Builder 2014. Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes. Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is a multi-employer scheme as described in Section 28 of FRS 102 as it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers. This means that contributions are accounted for as if the Scheme were a defined contribution scheme. Pensions costs shown in Note 8 include £3596 in respect of employer's contributions in 2024, and £7081 in 2024. A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2022. For the Pension Builder Classic section, the 2022 valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2024, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2023. There is no requirement for deficit payments at the current time. The next review is due as of December 2025 For the Pension Builder 2014 section, the 2022 valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time. The legal structure of the scheme is such that if another employer fails, the PCC could become responsible for paying a share of the failed employer's pension liabilites. A10 - Notes 3 ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIPS DORRIDGE WITH ST JAMES BENTLEY HEATH** ## _**Su**_ **mmary of significant accounting policie** _**s**_ The Parochial Church Council of St Philip's, Dorridge with St James, Bentley Heath is a registered unincorporated charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of this Report and Accounts. The nature of the charity's operations and principal activities are to promote and to carry out Christian Ministry in the Parish of Dorridge and Bentley Heath. It is responsible for co-operating with the Vicar, Rev'd Duncan Hill-Brown, in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It is also responsible for maintenance of the churches of St Philip's and St James, and for the church centre including the strip of land that remains adjacent to 6 Manor Road (the former vicarage). The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with 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 (Charities SORP FRS 102) issued on 16 July 2014, the Charities Acts 2011and 2022 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **A** _**Funds**_ **i) Unrestricted funds** are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. ## **ii)** **Designated funds** comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. **iii) Restricted funds** are funds which are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. A11 - Accounting Policy ## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP, DORRIDGE WITH ST JAMES, BENTLEY HEATH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** ## **Summary of significant accounting policies - cont'd** For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasions legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. ## **B Expenditure recognition** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. ## **C Support cost allocation** Support costs are those that assist the work of the charity but do not directly represent charitable activities and include building upkeep and running costs, office costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities A12 - Accounting Policy ## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024** **Summary of significant accounting policies - cont** ## **D Tangible Fixed Assets:** ## **i) Consecrated land and buildings and movable church furnishings:** By reason of the Charities Act 2011 s10(2)(a) consecrated and beneficed property does not fall under the general requirements of the Charities Act. In consequence of this transactions that relate to such property including fundraising receipts and expenditure on the new church are recorded as income and costs in the Statement of Financial Activities as they arise and no amount has been capitalised or treated as work in progress; although the property is not yet consecrated there is no reason to believe this will not happen once building work is complete and the accounting reflects that expectation. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which requires a faculty for disposal since the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed. ## **ii) Freehold land and buildings:** No depreciation is provided on freehold properties on the grounds that, in the opinion of the PCC, given the residual value of properties, the depreciation charge and accumulated depreciation would be immaterial to these accounts. The PCC has taken advice on the carrying value of the properties and a provision is not considered necessary. ## **iii) Debtors and creditors receivable / payable within one year:** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **E Loans and borrowings:** Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. ## **E Employee benefits:** When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. ## **G Tax:** The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 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