Registered Charity No: 1134035 ALL SAINTS HERTFORD PCC (THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WITH ST JOHN. HERTFORD) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ALL SAINTS HERTFORD PCC Registered Chaiity No: 1134035 LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees: Reverend Simon Cutmore (Chair from 4 September2024) Andrew Belfiekl (Chair to 3 September 2024) Colin Bird Janet Bird Samantha B¢yMlen Helen Bnggs Nenne Chalmers Linda Dye Marb'n Penny Mary Penny Verity Trdnter Secretary: Mary Penny 8ankers: National Westminster Bank plc 13 Stonehills, Welwyn Garden Cty. Hertfordshire AL8 6ND Independent Examiner. Alixe Bainbridge-spring
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity No: 1134035 The Tnjstees are pleased to submtttheir annual report and financial statements forthe year ended 31 December 2024 Legal and administrative infonnation set out on page 1 fomis a part of this reFM)rt. The financial statements comply with current ststutory requirements and are prepared on a cash receipts and payments basis. Objects and policy The objective and responsibilty of All Saints Hertford PCC is to promote the whole mission of the Church of England in Hertford, including in particular.. Seeking to make new disciples of Jesus Christ Reaching more widely into the local communty" and Deepening our faith. Organisation The members of the PCC are elected for three-year tenns by those persons whose names appear on the electoral roll, which is revised annually, and is open to everyone who is a member of the Church of England and lives in Ihe parish or who regulady VrshipS at All Saints. The PCC is chaired by the Incumbent or Lay Chair and is led by of its members, Janet Bird and Verty Tranter vtho were re-elected as chuhwardens. The parish also sends elected representstives to the Deanery Synod, which is the next level of church government. The PCC is responsible for. Setting the vision and strategy for the Charty. Maintaining the fabric of the All Saints church building and of the neighbouring St. John's Hall. The finances of the church, including the raising of funds to support the activities of All Saints and to provide the charitable contribution to the DI0Se of St. Abans vthich is essential to ffinance the trainin9, stipends, housing and pensions of the ordained ministry across the diocese. Maintaining the regular worship of All Saints, including church services and music, subject to the guidance of the ministy team, and Social and charttable activities, which are designed both to strengthen the Gommunty spirit of All Saints and to reach out to our neighbour5 in the wder communty of Hertford and in the world in general. Implementing the policies of the House of Bishops relating to the safeguarding of children and vulnerable adults. From 1 November 2023 until 3 September 2024 church services were led by our Lay Reader Janet Bird with support from visrting clergy. Our new Priest in Charge, Rev'd Simon Cutmore was installed on 4 September 2024.
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT continued... FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity No: 1134035 How our activities deliver public benefft In common with the Church of England in general, we believe that our Church exists for the benefit of all who wish to take advantage of what it can offer. both in spirrtual terms and in all other respects. Those benefits are offered withoLrt restrictions or conditions and, although y always vlCome contributions to our finances, such beneffts are wth few exceptions offered free of charge. We therefore seek to be outsvard-looking and inclusive in all that we do. At the heart of our acttvtties are the benefits offered by the pastoral mission of the Church, in which we are involved in our own local area. These beneffts of course include spirrtual support in the great landmark events of life, such as baptisms, confinnations. weddings, and funerals. However, they extend much more widely than this and include support for the sick and eldedy and others in special need, and the spiritual and social benefits of regular or occasional attendance at church services. Grouped around this core activity of mission are other activities which delwer public benefrt in a variety of different ways More details can be found in the next following section of this Report, but the range of such activrties can be summarised as including in particular musical activrties. social activities and activities directed at particular groups. such as thildren and young families. all of vthich are open to all. Our regular activities On Sundays at 10.00 am, we held an °All the Family Service. on the first Sunday of the month, a Family Eucharist on the third Sunday. and Parish Communion on the remaining Sundays. We celebrated Holy Communion at 11.00 am on Thursdays. Our Sunday evening service at 6.30 pm was a Choral Communion on the first Sunday (or a seasonal Carol Service) and Choral Evensong according to the Book of Common Prayer on the second and fourth Sundays. We have continued, on the third Sunday evening, a service of Choral Compline. New pattems of worship for 2025 are being trialled for a period and will be reviewed in June. We continue our weekly seprfices at Bentley House, a local care home, which now ministers regularly to around 15 elderly residents who could not otherwise attend church. All Saints has a very strong musical tradition, and we have a Choir of young people and adults, which is open to anyone wishing to make a regular commttment to leading the congregation in singing at services. and to leam about the rich variety of sacred music. We believe that the musical training involved has strong educational beneffts, and many of our fomier choir members have gone on to achieve success both in music and in other walks of life. Our Director of Music, Martin Penny and the Assistant Director of Music play the church's fine °Father Willis. organ and also have a leading role in encouraging the young and enthusiastic atmosphere of our Choir. Another activrty for which All Saints is known in the tovm is our regular series of °Soundbrtes" concerts on Wednesday luncmimes. which cater for all ages. but mainly retired people. and are free of charge, although donations are encouraged. These concerts are of a high standard and often feature promising young professional musicians wtho arejust startÉng their careers. They are also highly popular, and some of the regular attenders comment on how fnendly arKI welcoming they are. and how they are a great social service to the town, as well as a musical one. We have very good relationships our local schools with regular visits. harvest and Carol services are very popular and well attended. We also value highly the social and other activrties Connected with the church. Many special groups exist in the church, for a variety of purposes, and although they are largely attended by members of the ¢hur¢h communty. they are open to all rythout disb'nction. In addition. the church is a venue for a number of outside music organisab'ons, including regular concerts by Hertford Choral Soaety. Once again, we were the hosts for the Hertfordshire Music Festival.
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT continued... FOR THE YEAR ENDED 31 DECEMBER 2024 Registsred Charity No: 1134035 Apart from the actiwties already mentioned above, we have a Fl¢)wer Club vthich both arranges flowers in the church building, including for weddings, and organises occasional special events, an Art Group which has held a number of exhibitions, a Work Party to undertake essential maintenance tasks and an active group of bellringers, which we share wth St. Andrews Church. Our Mothers Union branch closed in January 2024. but our members were given the opportunrty to become members of the Di0san Motherfs Union. We have signed up to Eco Church to examine and improve our environmental impact as a church and church hall. In addition. we have continued our series of Green Talks on topics such as water and vRterways, birds, and trees, open to everyone in the communty on a Saturday, with lunches available so that people can meet beforehand and have discussions about these and other issues. Review of 2024 The financial wsition is set out in more detail in the following sections of this report. During the year our operating deficit was £14.903 reduced from 2023 largety due to the excellent results from our Soundbites conGerts and other events and somewhat reduced utilty costs. We were able to make in full our requested charitable contribution of £74.786 to the Diocese of St. Albans which effectively pays for the costs of the Ministy, as well as supporting the Bishop's Harvest Appeal. Other charities have beneffted from us being open for part of the year to occasional services, in particular funerals and weddings. To enhance the security of our church building, we have installed CCTV. funded by a £8,500 contribution from our associated Memorial Fund. We have also suffered from intemiittent boiler failure and have had to spend nearly £6,000 on repairs. Wrth one of the two boilers pennanently out of action we are at risk of suddenly having no heating in our large building. We are looking for a sustainable solution. and have explored infrad heating, but it would not heat parts of our large church and would be hideously expensive. We spent £6.500 on repairs to our organ, but the Organ Fund was bolstered by a legacy of £15,000. Great work is done by our Work Party thIch saves us employing contractors at significant $t. Financial Position The independently examined accounts of the PCC are attached to this report and full details of the financial posrtion are contsined therein together wrth the examinerfs report to the Tnjstees. Dunng 2023 we had the benefft of a £22,000 donation from our asswated Memorial Fund to finance operations. We also benefited from the interest from the Memorial Fund of £13,690. This enabled us to get through 2024 vth a small surplus of £1,566 on our operating General Fund. Our Memonal Fund stood at £315,723 at the end. of 2024, and led by our new Vicar, Rev'd Simcfft Cutmre we can now plan how best to enhance our mission and OLrtreach and to undertake projects in the building and at St John's Hall. which is used extensivety by Community groups. We are asset rich and income poor. bLrt we now have aCS to cash and a profitable hall developable land behind. Discussions on building a few houses have conts'nued throughout 2024. We have a large church which is expensive to run, bLrt our Memorial Fund gives us an opportunty to consider how best to replace our current, unreliable heating system and to consider other major projects. Our challenge is to grow our regular committed membership, create new income and to grow younger in line wth current Diocesan initiatives Our general reserves at 31 December 2024 were £1.766. Wtih an increase in the requested Diocese Contribution, which is £80,039 for 2025, we are looking at a deficit on operations of £25.000 The trustees of the Memorial Fund have indicated once again that the fund will contribute to the general resees. if neSsary. as it did in 2023, to ensure that the church has adequate finanaal resources. To this end we have requested £25,000 from the Memorial Fund and this has been agreed. Accordingly, the PCC trustees are satisfied that the
ALL SAINTS HERTFORD PCC TRUSTEES, REPORT continued.. FOR THE YEAR ENDED 31 DECEMBER 2024 Reg18tsred Charlty No: 1134035 charrty's overall funding ts such that li 111 be able to meet ts obligations as they fall due in the (xdinary ¢ourse and accordingty the accounts have been drawn up on a going concem bas using the receipts and payments Convention. ReseThes policy and rlsk management Donations and grants that are prOded tr speryT purposes are treated as Restricted Funds. Atl other reserves are hekl in Unrestricted fijnds. some ofwhich have been designated forspeaai purposes. The Trustees confirm that risks are reviehed on an ongoing basis and systems and procedures are brought into ate to manage those risks. Trustees are elected at the Annual Parochial Church Meeting or are cJ>opted by the Trustees. The persons enlitled to vote at the APCM in order to elect the Twstees are those on the Electoral Roll of All Saints Church, Hertford. Training of new trustees takes the fomi of indiwdual briefings and copies of the guidance for trustees issued by the Chariti'es Commission as well as trainll sessions wilh Ihe DiocvJe Vering trustees, duties and safeguarding. Indepgndant Examlnar Alixe Bainbridge-spring has been appointed as Independent Examiner to the charity. Statement of disclosure of inforniation to the Independent Examinor We, the trustees who held office at the date of approwal of these Financial StateTh*nts. as set out above, each confirm so far as we are avmre. that. there is no relevant information of Mthich the charity's mdependent examiner ts unaware,. and we have taken all the steps that we ought to have tsken as trustees in order to make ourselves aware of any relevant infomiatlon arKI to establish that the chlS ittyendent examiner is aware of that inforniation. By order of the trustses Mary Penny S8cr8tary 19th March 2025
ALL SAINTS HERTFORD PCC Registsred Chartty No: 1134035 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALL SAINTS HERTFORD PCC FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts of the chanty for the year ended 31 December 2024 which are set out on pages 8 to 14. Respective responsibilities of tnL8tees and examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under sectÉon 144 of the Chanties Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibilty to: examine the accounts under section 145 of the Charities Act. follow the prOdureS laid down in the general Directions given by the Charity Commission (under section 145(5}(b) of the Charibes Act. and state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordan with general Direcb'ons given by the Charty 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 considerab.on of any unusual items or disclosures in the accounts and seeking explanations from you as trustees ConmIng 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 Irue and fair viebrf and the repx)rt is limÉted to those matters set out in the statement below. Independent examinerfs ststement In connection wth my examination, no matter has come to my attention.. which gives me reasonable cause to believe tha( in any material respect, the requirements.. to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply wth the accounting requirements of the Charrties 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. Alixe Bainbridge-spring 11th February 2025
ALL SAINTS HERTFORD PCC STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity No: 1134035 Total 2024 Total 2023 Funds Funds Incoming resources Voluntary income 22.355 1.091 23A46 51,125 Charitable activiti.es 65.318 8.670 73.988 75,469 Investment income 14.951 635 15,592 4,356 Olher income 10A30 15,000 25,430 13,862 Total incoming resources 113.060 25.396 138,456 144,812 Resources expended Charttable activibes: Grants and donations 76.626 80,970 82,991 Church serv 45,794 27.030 72,824 54,628 Administration and bank charges Total resources expended Net incoming resources trdnsfèrs {14.904) (4,985) 119,889) (67) Gross transfers betwe funds Net movement in funds 114,904) (4,985) (19,889} {67) Reconciliation of funds Total fvnds at 1 January 2024 16.670 45.602 62.272 62.339 Total funds at 31 December 2024 1,766 40.617 42,383 62,272 The notes on pages 10 to 15 form part of these accounts.
ALL SAINTS HERTFORD PCC Re Charlty No:1134035 BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Tangible ed assets Cash Cash * bank Di0san Specpl Deposft Account 200 61,570 502 41.655 62,272 42J83 62,272 Funds Restrtcted furK 40.617 45,602 Designated funds General fund 1.766 16,870 LX383 £62,272 Approved by tha tr109$ on: 19th March 2025 and sfjgned on th8lr bèhalf by lin Bird e notes on pages 9 to 15 fomi of these accounts.
ALL SAINTS HERTFORD PCC NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Chaiity No: 1134035 Trustees. responsibilities Charity law requires the trustees to prepa 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 resour¢es and application of resources, including the income and expendrture. of the tharity for the year. In prepating these financial statements, the trustees are required to". select suitable accounting policies and then appty them consistently. make judgments and estimates that are reasonable and prudent. state whether applicable UK Accounting Stsndards have been follovrfed. subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charrty and enable them to ensure that the financial ststements Comply wtth the regulations applicable to Smaller Charities preparing their accounts on a cash receipts and payments basis. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Accounting policies Accounting convention and stsndards The financial ststements have been prepared under the receipts and payments convention. Basis of preparation The Charity relies on voluntsry donations from regular givers. cdlections at thurch services and fund- raising activities. The General reseNes were boosted in 2023 by £22.000 from an associated Memorial Fund, the first time operations have needed support from this source, ?h[ch in the past has been used for caprtal projects. The fvnd presently stands at £315,000 and it's trustees have indicated that the ftjnd can respond rffijrtherfunds are requested to replentsh the thurch's general reserves. The trustees are satisfied that the charity's overall funding is such that it will be able to meet rts obligations as they fall due in the ordinary course and accordingly the accounts have been drawn up on a going ¢oncem basis using the reiptS and payments convention. Fixtures, ffttings, and equipment Fixiures, frtb'ngs. and equipment are deprecHted overtheir useful economic lrfe of three years on a straight- line basis. There were rK)ne at 31 December 2024 (2023.. none). Resources expended Expenses have been classified under headings that aggregate all costs related to the category. Where costs cannot be direcuy attributed to headings, they have been allocated to acts'vitses on a basis consistent with use of the resources.
ALL SAIKfs HERTFORD PCC Reglstered Charity No: 1134035 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Resourc8s expended (continued) Charitable activth.es are those costs incurred diredy in support of expenditure on the objects of the charty. Govemance costs are those incurred in connection wtth administratton of the chanty and compliance with constitutional and statutory requirements. Incoming resources All incoming resoutces are included in the Statement of Financial Actrvitie5 (SOFA) when received and the charity is legalty entrtled to the income. Taxation The charity is exempt from tax on its income and gains to the exterrt that income and gains a applicable to and are applied for charItae purposes onty. Investment income Income from investments is induded in the ststernent of financial activities in the year in which it is received. Gifts in kind Where services are provided to the Charity as a donation that would nonnally be purchased from our suppliers, this contribub.on is included in the financial statements at an estimate based on the value of the contribLrtion to the charty. Fund accounting General funds are unrestricted funds wht¢h are available for use at the discreton of the trustees in furtherance of the general objectives of the charty and which have not been designated for other purposes. Restricted funds are funds vthich are to be used in a¢¢ordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. From time to time. the trustees designate monies for a particular use and transferfunds from the General Fund to other Funds. Voluntary income Voluntary incoTrE for the year falls into the followwig categories: Unrestiicted Restricted funds funds 2024 Total 2023 Totsl Donations St John's Hall Concerts Fundraising 8,2PA 10,652 10,209 11.046 11.309 11,046 11,309 22.35S 22.355 29,125 Grants Memorial Fund Listed Places of Worship 22,000 1.091 1,091 Gifts in kind Totsl voluntary income 1.091 23.446 51,125 10-
ALL SAINTS HERTFORD PCC Registered Charity No: 1134035 NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2024 Incoming resources from Gharitable activib Unrestricted Restricted 2024 nds funds Total 2023 Totsl Planned gwing Donats'ons In¢ome tax reclaimed Baptisms, vRddings, and funerals Collections for missions and ChareS 40,582 7,280 10,710 4,905 1.841 40.582 15,950 10,710 4,905 1.841 41,963 11,171 13,751 6,370 2,214 8,670 65.318 8.670 73,988 75,469 Investment income 2024 2023 Irrterest from Memorial Fund. short tem deposts and dplidends 15,592 4,356 Other Income 2024 2023 Cull bequest Hall net lettings Legacy for Organ FurKI 11
ALL SAINTS HERTFORD PCC NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2024 Regtstered Charity No: 1134035 Grants and donations 2024 2023 St Ajbans Di0san Board of Finan Teaching awards Music grants Bishop's Harvest Appeal- The Leprosy Mission Isabel Hospice Royal British Legion Ordinands Fund Disasters Emergency Committee Turkey appeal The Childrens Society Twenda Education Zamkn'a Christsn A 74,786 1,888 2.456 460 76,752 2,325 1,700 281 630 463 453 115 106 518 474 238 150 12-
ALL SAINTS HERTFORD PCC Registered Chaiity No: 1134035 NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2024 Church Services 2024 2023 Heating Electriiity and ¥v Insurance Cleaning. copying and other costs Repairs and rna1ntenare Insurance recovery Musi¢ Organ tuning and repairs Defibrillator Energy Audrt 16,431 3,883 7.634 6,050 19,050 19,777 5,435 7,419 10,160 11,483 (12,695) 11,185 1,460 74 330 11,948 7.702 126 Movements in funds At 1 January Incoming Outgoing 2024 resources resources At 31 December Transfers 2024 Restrict•dldesignated fvnds Mothers Union Closure Fund Peregrine Falcons Webcam Fund Bells Fund Fabric Fund Music Development Fund Choir Legacy Fund Organ Fund Defibrillator Fund 155 {151) 77 4,010 2,640 4,286 10,721 3.418 16,985 9,989 126 (276) (17.683) (3,430) (915) (7,702) 126 9.602 12 16,070 17,816 15,529 Total restricted funds 45,602 25,298 (30,283) 40,617 Unrestrlctsd funds General Fund 16,670 113.060 1127.964) 1,766 62.272 138,358 (158.247) (o) 42,383 13-
ALL SAINTS HERTFORD PCC Registered Charity No: 1134035 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 10 The Trustees received no reimbursement of expertses during the year for their services as trustees. The Vicar rerEives reimbursement of thing expenses incurred in this role. The average vRekly number of employees during the year was made up as follows: 2024 No: 2023 No: There were no employees during the peri(MJ and therefore there a no staff employed Vh eam more than £60,000 per annum 11 During the year. Trustees neither receNed nor waived any enioluments for their services as trustees {2023". Nil). The PaTish Administrator, who is also a trustee, receives a small honoranum for services In that rote and the Director of Music. wtK) FS also a trustee, receives fees for se1$ in that role. 14-