REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR
THE ECCLESIASTICAL PARISH OF IPSLEY
REGISTERED CHARITY NUMBER: 1133862
THE ECCLESIASTICAL PARISH OFIPSLEY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochial Church Council presents its report and accounts for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with applicable law and the requirements of the Church Accounting regulations 2011.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1133862
Principal address
lpsley Church Lane Redditch B98 OAJ
Trustees:
| Mr | B | Arrowsmith | Mr | P | McLaren | Mortimer |
|---|---|---|---|---|---|---|
| Mrs | M | Bishop | Mr | C | Melley | Nathaniel |
| Mr | N | Bishop | Mrs | A | Mortimer | |
| Mrs | P | Butler | Rev | G | Nathaniel | |
| Miss | V | Cole | Mrs | J | Nathaniel | |
| Rev | I | Evans | Mrs | L | Nicholas | |
| Mrs | J | Evans | Mrs | K | Peace | |
| Mrs | S | Forest | Mr | T | Stockwell | |
| Mrs | J | Garfield | Mrs | J | Street | |
| Mrs | J | Harvey | Mr | R | Sturdey | |
| Mr | P | Humphrey | Mr | P | Williams | |
| Mrs | A | Humphrey | Mrs | D | Wilson | |
| Mr | B | Humphrey | Mr | P | Wilson | |
| Mrs | R | Humphrey | Mrs | A | Worley |
THE ECCLESIASTICAL PARISH OFIPSLEY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent examiner
Matthew Elmes ACCA ICAEW
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
The day to day management of the charity is carried out by the members of the PCC, all of whom are also trustees.
Recruitment and appointment of new trustees
Each DCC votes on its members annually at local level when they hold their individual Parish annual general meeting. New trustees are appointed by a majority vote and are given appropriate training to inform them of their duties and liabilities under Company and Charity Law.
Parochial Church Council
The Parish of St Peters lpsley is made up of the churches of St Peters lpsley, St John's Greenlands and Christ Church Matchborough. The parish covers approximately one third of Redditch and includes the areas of Greenlands, lpsley, Matchborough, Winyates and Winyates Green.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary objective of the charity is the promotion in the ecclesiastical parish of the whole mission of the church.
Public benefit
The trustees have complied with their duty to have due regard to the public benefit guidance published by the Charities Commission; the trustees consider that the charity meets the public benefit requirements of the CharitiesAct2011bycarryingoutitsnormalactivities.
FINANCIAL REVIEW
Reserves policy
It is the policy of this Parish to hold in reserves the equivalent of two months' general running costs and three months' salary costs. It is also our policy to hold an amount for essential building works as required, to comply with forthcoming Quinquennial inspections.
In applying these parameters, the individual situations of the three churches within the Parish have been taken into account and agreed at DCC level.
The policy will be reviewed annually as part of the Church year end accounts procedure, agreed by each DCC and consolidated into one Parish policy.
Going Concern
It is the view of the Trustees that the Parish finances are sufficient to continue activities as a going concern for the foreseeable future
THE ECCLESIASTICAL PARISH OFIPSLEY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Total Parish
As can be seen, overall church income (and core operating costs hardly changed from 2023 to 2024.
Major refurbishment costs (new chairs at Christ Church) accounted for almost £20K additional spend in the year.
Mission/evangelism hit a total of £4.3K, up £500 on 2023 – basically Messy Church and items such as Christmas story books for schools making up this added cost.
Overall, the total funds increased by £537, form £303.6K to £304.1K.
There is a noted reduction in funds at St Peters, fairly static at CCM and continued growth in funds at St Johns
Going forward into 2025, funds are adequate although cash flow may require attention, particularly with major repair work needed at Christ Church (Roof) and St Johns (Heating).
THE ECCLESIASTICAL PARISH OFIPSLEY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
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 Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 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 state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
-
make judgments and estimates that are reasonable and prudent;
-
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 to 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 prevention and detection of fraud and other irregularities.
................................................. N R Bishop Parish Treasurer
Date: 26 May 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE ECCLESIASTICAL PARISH OF IPSLEY
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
-
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
............................................. Matthew Elmes - Examiner
Date : 15 October 2025
THE ECCLESISTICAL PARISH OF IPSLEY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31DECEMBER 2024
| INCOMING RESOURCES Incoming Resources from generated funds Voluntary Income Activities for generating funds Income resources from charitable activities Lettings Fees Investment income Miscellaneous TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of generating funds Cost of generating voluntary income Charitable activities Donations Expenses Parish/Ministry Share Church running costs TOTAL RESOURCES EXPENDED Transfers between funds NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Notes | Unrestricted Funds £ |
Restricted Funds 2024 2023 Total Funds Total Funds £ £ £ |
|---|---|---|---|
| 1 2 3 |
157,238 36,687 2,924 1,521 2,121 |
12,032 169,272 170,322 36,687 32,581 2,924 2,901 1,521 1243 2,121 4,092 |
|
| 200,491 | 12,034 212,525 209,896 |
||
| 36,027 4,152 72,493 74,909 |
36,027 7,679 4,152 3,040 72,493 69,469 24,407 99,316 117,288 |
||
| 187,581 | 24,407 211,988 197,476 |
||
| 12,910 303,070 |
-12,373 537 12,420 516 303,586 291,166 |
||
| 315,980 | -11,857 304,123 303,586 |
`
THE ECCLESISTICAL PARISH OF IPSLEY
BALANCE SHEET AT 31 DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | Total | Total | |
| Funds | Funds | ||
| £ | £ | ||
| FIXED ASSETS | |||
| Tangible fixed assets (wdv) | 4 | 123,666 | |
| 123666 | |||
| CURRENT ASSETS | |||
| Debtors | 5 | 7,601 | 8,984 |
| Cash at Bank and in hand | 194,593 | 182,633 | |
| 202,194 | 191,617 | ||
| CREDITORS | |||
| Amounts falling due within one year | 6 | -21,737 | -11,697 |
| NET CURRENT ASSETS | **180,457 ** | 179,920 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 304,123 | 303,586 | |
| CREDITORS | |||
| Amounts falling due after one year | 7 | ||
| NET ASSETS | 303,586 | 303,586 | |
| FUNDS | 8 | ||
| Unrestricted | 315,980 303,070 | 315,980 303,070 | |
| Restricted | -11,857 | 516 | |
| TOTAL FUNDS | 304,123 | 303,586 |
The financial statements were approved by the Board of Trustees on 15 May 2025 and were signed
on its behalf by:
.............................................
N R Bishop Parish Treasurer `
THE ECCLESIASTICAL PARISH OF IPSLEY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTINGPOLICIES
Accounting convention
These financial statements have been prepared in compliance with FRS 102 Section 1A, the Financial Reporting Standard applicable to the UK and Republic of Ireland, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
The diocesan parish share is accounted for when paid. Any parish share unpaid at the year end is provided for in these accounts as an operational liability.
Other 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 activities on a basis consistent 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.
Freehold property not provided Plant and machinery 10 -20% on cost
Consecrated and beneficed property of any kind is excluded from the accounts by section 10 of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts.
Taxation
The charity is exempt from tax 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.
`
THE ECCLESIASTICAL PARISH OF IPSLEY
1. ACTIVITIES FOR GENERATING FUNDS
| 1. ACTIVITIES FOR GENERATING FUNDS |
||
|---|---|---|
| There were no reported expenses under this heading 2. INVESTMENT INCOME Deposit account interest |
2024 2023 £ £ |
|
| 0 0 |
||
| 0 0 |
||
| 1,521 1,243 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024
Trustees expenses:
Clergy expenses amounting to £4,096 (2023: £2,372) were paid in the year.
4. TANGIBLE FIXED ASSETS
| 4. TANGIBLE FIXED ASSETS |
|
|---|---|
| COST OF ASSETS As at 1 January 2023 Additions 2023 DEPRECIATION As at 1 January 2023 Charge for the year NET BOOK VALUE As at 1 January 2023 As at 31 December 2023 |
Freehold Property Plant & Equipment Total £ £ £ |
| 123,666 58,920 182,586 |
|
| 123,666 58,920 182,586 |
|
| (58,920) (58,920) |
|
| (58,920) (58,920) |
|
| 123,666 0 123,666 |
|
| 123,666 0 123,666 |
Included in cost or valuation of land and buildings is freehold land of £123,666
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|---|---|
| Debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors & Accruals |
2024 2023 £ £ |
| 7,601 8,984 2024 2023 £ £ |
|
| 21,737 11,697 |
|
| 21,737 11,697 |
`
THE ECCLESIASTICAL PARISH OF IPSLEY
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2024 |
2023 |
|---|---|
| £ | £ |
| 0 | 0 |
8. MOVEMENT IN FUNDS
| Unrestricted Funds Restricted Funds TOTAL FUNDS |
At 1 Jan 2023 Movement for Year At 31 Dec 2024 £ £ £ |
|---|---|
| 303,070 12,910 315,980 516 -12373 -11,857 |
|
| 303,586 537 304,123 |
Net movement in funds, included in the above are as follows:
| Unrestricted Funds Restricted Funds Total |
Incoming Resources Resources Expended TransfersMovement in Funds £ £ £ |
|---|---|
| 200,491 187,581 12-910 12,034 24,407 -12,373 |
|
| 212,525 211,988 537 |
10. OTHER FINANCIALCOMMITMENTS
There were no other financial commitments to report.
`
This page is not part of the financial statements.
| INCOMING RESOURCES Voluntary income Gift Aided donations Gift Aid tax recoverable Non gift aid Collections Sundry Donations Appeals Legacies Grants Activities for generating funds Investment income Deposit account interest Incoming resources from charitable activities Lettings Fees Miscellaneous Total incoming resources RESOURCES EXPENDED Youth work Parish/Ministry Share Clergy Expenses Donations other charities Church Church centre Churchyard Bookstall Insurance Administration Mission/Evangelism Major Repairs - Church Total resources expended Net income |
2024 2023 |
|---|---|
| £ £ |
|
| 110,845 110,138 29,217 30,951 7,474 10,961 7,246 6,902 1,714 3,543 8,966 7,827 3,810 1,449 |
|
| 169,272 171,771 |
|
| 1,521 1243 36,687 32,581 2,924 2,901 2,121 1,400 |
|
| 43,253 38,125 |
|
| 212,525 209,896 |
|
| 1,690 2,964 72,943 69,469 4,096 2,372 3,607 4,715 38,653 47,718 24,255 33,263 10,092 1,729 - - 6,737 6,748 22,353 19,332 4,303 3,826 23,259 5,340 |
|
| 211,988 197,476 |
|
| 537 12,420 |
1
CHARITY COMMISSION FOR ENGLAND AND WALES
Independent examiner's report on the accounts
Section A Independent Examiner's Report
Report to the trustees/ I
members of The Ecclesiastical Parish of lpsley
On accounts for the year
ended
Set out on pages 1 - 12
==> picture [319 x 25] intentionally omitted <==
----- Start of picture text -----
31/12/2024 Charity no 1133862
(if any)
----- End of picture text -----
I report to the trustees on my examination of the accounts of the above " " charity ( the Trust ) for the year ended 31 / 12 / 2024.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 " " ( the Act ).
Independent examiner's statement
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below*) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
2
==> picture [55 x 18] intentionally omitted <==
----- Start of picture text -----
Signed: I
----- End of picture text -----
Name: J Matthew Elmes
Date: J 15110/2025
Relevant professional I ICAEW / ACCA qualification(s) or body (if any):
'--------------------------------'
Address:
11 Swan Street
Alcester
Warwickshire, 849 5DP
IER 1 October 2018
3