``` REGISTERED CHARITY NUMBER: 1134039 ``` ## **`Report of the Trustees and`** ## **`Unaudited Financial Statements`** ## **`for the Year Ended 31 December 2024`** ## **`for`** ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ``` Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ## **`Contents of the Financial Statements for the Year Ended 31 December 2024`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 6`| |**`Independent Examiner's Report`**|`7`| |**`Statement of Financial Activities`**|`8 to 9`| |**`Balance Sheet`**|`10 to 11`| |**`Notes to the Financial Statements`**|`12 to 26`| |**`Detailed Statement of Financial Activities`**|`27 to 28`| ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Report of the Trustees for the Year Ended 31 December 2024`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended 31December2024.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective1 January 2019). ``` ## **`Objectives and activities`** ## **`Objectives and aims`** ``` TheParochialChurchCouncil(PCC)arerepresentativesoftheChurchmembershipwhohave the responsibilityof cooperatingwiththe incumbentand the Churchwardensin promotingin the ecclesiastical parishthewholemissionoftheChurch,pastoral,evangelistic,socialandecumenical.Theyalso have responsibility for the management of the Church Hall. ``` ``` Followingouraparishdevelopmentexercisein2023toreviewourvisionandmission,wecontinue to ensure our vision is that: ``` ``` Ourchurchisawelcomingandcaringall-agecommunityrootedintheamazinggraceofJesus Christ, worshippingGod,sharingHisloveandprovidingasafespaceforeveryonetoexploretheirfaith. We identified five focus areas to guide our activities: ``` ``` BeingaWelcomingChurch-makingiteasierfornewcomerstojoinourchurchbydemystifying church language and providing a personal welcome. ``` ``` Outreach - sharing God's love through our involvement with community activities in the town. ``` ``` UnityandDiversity-providingdifferentstylesofworshipandotheractivitiesforallages, while maintaining one chur ch community. ``` ``` Nurturing - providing ways for individuals to grow in faith. ``` ``` OrganisationandCommunication-developingconsistentcommunicationofallourchurchactivities to both congregation and externally. ``` ``` Page 1 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ## **`Achievements and performance`** ``` 2024 was a challenging year for St Peter and St Paul as our rector was granted compassionate leave from 1 st January prior to retiring after Easter, leaving us in effect in an interregnum for the whole of the year. A new appointment was not made in 2024. This impacted our ability to develop our mission during the year, but progress was made. We are hugely grateful to our Assistant Curate, Hugh Reid, who has led our ministry team during this period and enabled us to maintain our pattern of worship and other activities. ``` ``` We revised our pattern of worship to include formal and informal eucharists, and non eucharistic services on Sunday mornings, with Sunday evening services including Praise, Taize, Celtic, Compline and Evening Prayer services. This enabled us to offer services at 10:00am and 6:00pm on every Sunday, together with our Wednesday morning eucharist. A well attended Bible Study Group was also held on Monday afternoons Due to declining numbers we took the difficult decision to temporarily suspend our regular robed choir, although a ‘festival choir’ still sang at major festival services. ``` ``` Our Church Mice group for pre-school children and their carers meets weekly and continues to thrive. We hosted services for our local schools at Harvest and Christmas, and held a hugely successful Christmas Tree Festival coinciding with the town ‘Dickens of a Christmas’ event. We joined with other churches to provide a Holiday Bible Club for a week during the summer holidays, bringing more young families in contact with our church members. ``` ``` Our church is open to all during daylight hours and we conducted 3 Baptisms, 7 Weddings and 18 Funerals in the church in 2024. The ratio of Baptisms to Funerals reflects the age profile of the church and town. ``` ``` The table of church attendance below shows how engagement with the church has grown post Covid closures. Although average attendance was slightly down on 2023, our worshipping community remains stable, and Christmas attendance was the highest since 2019. ``` ||**`2020`**|**`2021`**|**`2022`**|**`2023`**|**`2024`**| |---|---|---|---|---|---| |`Christmas`|`90`|`76`|`329`|`304`|`366`| |`Easter`|`-`|`75`|`95`|`127`|`120`| |`Average week, October`|`75`|`105`|`76`|`131`|`117`| |`Usual Sunday`|`-`|`-`|`50`|`64`|`50`| |`Worshipping Community`|`95`|`72`|`79`|`90`|`90`| ``` FollowingtheretirementofourrectorweoweagreatdebtofthankstoourAssistantCurate,Hugh Reid, andretiredpriestsJoSpray,JanetLawrenceandThelmaShackladywhosupportedourworship and mission,togetherwithLicensedLayMinistersAndrewGearyandDerekMartin,andauthorised preachers Kate Nicholas, Will Trevitt and Roger Hull.. ``` ``` We continue to provide other public benefits by letting our church hall to provide a nursery school in the town and also use this facility to run a Memory Club once a month for the elderly and their ``` ``` Page 2 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Report of the Trustees for the Year Ended 31 December 2024`** ``` carers. We collect food for Olney is Kind, the local food bank, and made a substantial contribution to this from our harvest service. The Knitty Stitchers group provides further opportunities for fellowship in the church. We are revising our tithing formula for 2024, enabling the annual meeting to vote on four charities to support for the next two years. The aim is to develop firmer relationships with the chosen charities. ``` ``` We play a significant part in town events, running the annual Pancake Race and Cherry Fair as well as supporting other town events such a Riverfest and Dickens Day, providing refreshments. As well as enhancing the profile of the church in the town, these events raise significant funds for the PCC. Fundraising activities raised a net amount of £17,752 compared to £15,962 in the previous year. Many thanks to organisers Susan and Andrew Heron, David Phillipson, Mary Prosser and all volunteers who worked tirelessly at our fundraising events. ``` ``` We are part of the deanery of Newport and engage with the deanery through our three lay representatives as well as clergy, and are represented on Deanery Pastoral Standing Committee by one of our churchwardens. The planned shape of the Pastoral Reorganisation has been agreed, with Olney joining a combined benefice of Lavendon with Cold Brayfield, Newton Blossomville, Clifton Reynes, Emberton and Tyringham with Filgrave. This new benefice of Ouse Valley North will have two stipendiary clergy. In line with the needs of pastoral reorganisation, the parish of Olney was suspended in 2024, leading to the proposed appointment of a Priest in Charge until reorganisation is completed. ``` ``` The church, a 14 th century grade 1 listed building, is the responsibility of the churchwardens with the fabric committee under the guidance of David Phillipson. A major project in 2024 was the refurbishment of the church clock dial and replacement of the clock motor. Another major expense was the replacement of fire safety system in the Church Hall. Our thanks to David Phillipson for managing both these projects. ``` ## **`Safeguarding`** ``` SincethelastAPCMMrsKCharlesworth-LowehascontinuedtobeParishSafeguardingOfficerandMr M JoneshasjoinedherasaDBSManager.CurrentlyallmembersofthePCCareundertakingtheir Basic Awareness and Foundations Safeguarding training; thanks to those who have completed theirs. ``` ``` Our DBS checksare up to date and we are now using Level3 on the new ParishSafeguardingHub software. Level3isthehighestlevelandcompletingtheactionpointsatthislevelwillallowustoensurewe have robustsafeguardingproceduresinplace,whichareallinlinewiththemostuptodateChurchof England requirements.TheParishSafeguardingOfficerhasassistedtheDiocesewithtrainingsome new safeguardingofficersand is workingcloselywiththe Dioceseas the Churchof Englandundergoesa change to their safeguarding procedures. ``` ``` OurPCCalsohasavisiblesafeguardingpolicyavailableinchurchforalltoview,andcombinedwith the above details this means that the PCC of St Peter and St Paul can be said to have complied with the duty undersection5oftheSafeguardingandClergyDisciplineMeasure2016(dutytohaveregardtoHouse of Bishops' guidance on safeguarding children and vulnerable adults). Safeguarding is a very serious matter all thedetailsofourParishSafeguardingOfficerandtheDiocesanSafeguardingOfficercanbefoundon the noticeboard in church as well as on our website. ``` ``` Page 3 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ``` ST PAUL. OLNEY ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ## **`Financial review`** ## **`Financial position`** ``` Our Church is funded throughplannedgiving,plated collections,donations,grants,fundraisingand legacies received. ``` ``` Totalincomeduringtheyearwas£134,120(2023:£122,306)andisdetailedinthefinancial statements. Thelargestsourceofincomewasfromdonationstotalling£58,912(2023:donations£54,310). Income from the use of the Church Hall was £17,625 (2023: £10.876). ``` ``` Totalexpensesduringtheyearwere£153,585(2023:£142,194).Thelargestsinglerunningexpenseis the parishsharecontributionto theDioceseof £58.121(2023:£61,211).Theparishsharelargelyprovides the stipends and housing for the clergy. ``` ``` ChurchHallrunningcostswere£7,401(2023:£9,359)whichincludedmaintenance,nosignificant works have been carried out to the Church Hall during the year, other than maintenance. ``` ``` Overallourgeneralfundremainsin surplusdue to thelargeunrestrictedlegacybeingreceivedin previous years. ``` ``` Thenetresultfortheyearwasadeficitof£10,052,beinganoveralldeficitof£24,973on unrestricted funds, a deficit of £4,310 on restricted funds and a surplus of £19,231on the endowment fund. ``` ``` Themosteffectivewayparishionerscancontributeto thecostsof theChurchis throughourParish Giving Scheme,OlneyLivingGenerously,administeredby ParishGivingSchemein associationwithTheChurch of EnglandRegisteredCharityNo:1156606andourStewardshipSchemeadministratedbythe stewardship officer.For taxpayers,this allowsus to recouptax paid on any donationsat a rate of 25%. Regular monthly orweeklydonationsalsomakeiteasiertoplanthecashflowoftheChurchandbudgetforany additional expenses. ``` ``` Therearemanypeoplewhomanageaspectsofourfinancialprocessesonadailybasisandprovide the valuabledatawhichallowstheTreasurertocontroltheChurch'sfinancesandprovide important management information to the PCC. ``` ``` Thepreparationoftheseaccountsisatimeconsumingeffort,however,thishasresultedinushaving a much improved, transparent and accurate set of accounts. ``` ## **`Investment policy and objectives`** ``` Withintheparish,themainfinancialinvestmentsareheldbyDiocesanTrustees(Oxford)Limited.Ithas a policyof investingmostof its assetsin productsmanagedby the CentralBoardof Financeof the Church of England.Thisinturnhasitsowninvestmentpolicyintermsofethicalinvestment,social policy, environmental issues and risk taking which therefore operates for the PCC. ``` ``` Theobjectivesareincomefortheupkeep,repairandinsuranceoftheChanceloftheChurch,and if sufficientmoneyremainsinthefund,itcanbeusedfortheupkeepandrepairoftheremainderof the Church. ``` ``` Page 4 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ``` ST PAUL. OLNEY ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ## **`Financial review`** ## **`Reserves policy`** ``` ThePCCmaintainsseveralreserves.Theunrestrictedreservesareseparatedintodesignatedand general funds.The variousfunds designatedfor use in a particularway are more fully explainedin the Notes to the Accountsandthelevelofdesignatedfundsisreviewedannually.ThePCC'spolicyistocarrya general reserveofatleast6-months'worthofexpenditureoranamountinexcessof£75,000whicheveris the greater.Over recentyears the reserveshave not been sufficientto meet this policy,even though sufficient reservesexistbecauseoftheunrestrictedlegacy,theTrusteescontinuetolookatwaystobuildup the reservesforfutureyears.Totalreservesattheyearendwere£1,020,714(2023:£1,030,766)of which £93,112 (2023: £97,422) were restricted, £284,372 (2023: £265,142) were endowment funds. ``` ## **`Structure, governance and management`** ``` ThePCCiscontrolledbyitsgoverningdocument,theParochialChurchCouncilPowersMeasure(1956) as amended and Church Representation Rules, adopted 3 February 2010. The PCC is a registered charity. ``` ``` ThemethodofappointmentofPCCmembersissetoutintheChurchRepresentationRules.All Church attendeesareencouragedtoregisterontheElectoralRollandstandforelectiontothePCC. Ordained deacons or priests who are retirement age are not eligible to register or stand for election. ``` ``` The Trusteesof the PCC are electedfor a term of officeof 3 yearsat the Annual ParochialCouncil Meeting. After3yearsthoseelectedmembersautomaticallystanddownanddonotseekre-electionfor another term.Theonlyexceptiontothisis,if thereis insufficientmembersproposedat theAPCMtoserveon the PCC, they may be permitted to stand for a further year. ``` ``` TheonlycommitteeestablishedbystatuteistheStandingCommitteeconsistingoftheRector, Wardens, Secretary and Treasurer. ``` ``` Membersof the PCC are aware of potentialrisks both financialand otherwisethat might occur either in the Church or in the Church Hall. They have taken appropriate action to control and minimise these risks. ``` ``` ThePCCmembersareresponsibleformakingdecisionsonallmattersofgeneralconcernand importance to the parish, including deciding on how the funds of the PCC are to be spent. ``` ``` TheStandingCommittee,consistingoftheexofficioofficersofthePCC,putforwardproposals for ratificationbythePCCandareauthorisedtocommitchurchfundsupto£750.TheMinistry Team, consistingoftheministersandchurchwardens,managethescheduleofservicesandother pastoral matters. The Fabric committee manages the physical structure of our buildings (Church and Church Hall). ``` ## **`Reference and administrative details Registered Charity number`** ``` 1134039 ``` ## **`Principal address`** ``` Church Street Olney MK46 4AD ``` ``` Page 5 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ``` Report of the Trustees for the Year Ended 31 December 2024 ``` ## **`Trustees`** ``` Mrs S Bailey Rev A Pritchard-Keens (resigned 31.3.24) Mr A J Geary Mr D Phillipson Mrs L M Geary Mr M Jones Mr T Haskell (appointed 5.5.24) Mr A Heron Mr D Martin (appointed 5.5.24) Mr G Lavender Mrs M Prosser Mrs K Charlesworth-Lowe Mrs R Martin (appointed 5.5.24) Mrs K Nicholas (appointed 5.5.24) Independent Examiner Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ``` Approved by order of the board of trustees on ............................................. and signed on its behalf by: ``` ``` ................................................................. Mrs L M Geary - Trustee ``` ``` Page 6 ``` ``` Independent Examiner's Report to the Trustees of Parochial Church Council of St Peter & St Paul. Olney ``` ## **`Independent examiner's report to the trustees of Parochial Church Council of St Peter & St Paul. Olney`** ``` I reportto the charitytrusteeson my examinationof the accountsof ParochialChurch Councilof St Peter & St Paul. Olney (the Trust) for the year ended 31 December 2024. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance with the requirements of the Charities Act 2011 ('the Act'). ``` ``` I reportin respectof myexaminationof theTrust'saccountscarriedoutunderSection145of theAct and incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission under Section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in connection with the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` Mr Jonathan R Cobley ``` ``` Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ``` 2 May 2025 ``` ``` Page 7 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Statement of Financial Activities`** ## **`for the Year Ended 31 December 2024`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND`**
**`ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`58,911`
**`Charitable activities`**
`5`
`Charitable activity`
`130`
`Raising funds`
`14,519`
`Other trading activities`
`3`
`21,110`
`Investment income`
`4`
`12,840`
**`Total`**
`107,510`
**`EXPENDITURE ON`**
**`Raising funds`**
`Raising donations and`
`legacies`
`6`
`1,742`
`Other trading activities`
`7`
`1,320`
`3,062`
**`Charitable activities`**
`8`
`Charitable activity`
`130,140`
`Raising funds`
`856`
`Other`
`(1,005)`
**`Total`**
`133,053`
`Net gains on investments`
`-`
**`NET`**
**`INCOME/(EXPENDITURE)`**
`(25,543)`
**`Transfers between funds`**
`19`
`570`
**`Net movement in funds`**
`(24,973)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`668,203`|`Restricted`
`funds`
`£`
`1`
`-`
`16,787`
`-`
`5`
`16,793`
`11,812`
`-`
`11,812`
`7,399`
`-`
`1,322`
`20,533`
`-`
`(3,740)`
`(570)`
`(4,310)`
`97,422`|`Endowment`
`fund`
`£`
`-`
`-`
`-`
`-`
`9,817`
`9,817`
`-`
`-`
`-`
`-`
`-`
`(1)`
`(1)`
`9,413`
`19,231`
`-`
`19,231`
`265,141`|`2024`
`Total`
`funds`
`£`
`58,912`
`130`
`31,306`
`21,110`
`22,662`
`134,120`
`13,554`
`1,320`
`14,874`
`137,539`
`856`
`316`
`153,585`
`9,413`
`(10,052)`
`-`
`(10,052)`
`1,030,766`|`2023`
`Total`
`funds`
`£`
`67,037`
`130`
`22,681`
`18,698`
`13,760`
`122,306`
`6,719`
`-`
`6,719`
`134,155`
`-`
`1,320`
`142,194`
`14,626`
`(5,262)`
`-`
`(5,262)`
`1,036,028`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Statement of Financial Activities`** ## **`for the Year Ended 31 December 2024`** |`Unrestricted`
`funds`
`Notes`
`£`
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**
`643,230`|`Restricted`
`funds`
`£`
`93,112`|`Endowment`
`fund`
`£`
`284,372`|`2024`
`Total`
`funds`
`£`
`1,020,714`|`2023`
`Total`
`funds`
`£`| |---|---|---|---|---| |||||`1,030,766`| ``` The notes form part of these financial statements ``` ``` Page 9 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Balance Sheet`** ## **`31 December 2024`** |`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`14`
`65,144`
`Investments`
`15`
`-`
`65,144`
**`CURRENT ASSETS`**
`Debtors`
`16`
`13,508`
`Cash at bank and in hand`
`566,207`
`579,715`
**`CREDITORS`**
`Amounts falling due within`
`one year`
`17`
`(1,629)`
**`NET CURRENT ASSETS`**
`578,086`
**`TOTAL ASSETS LESS`**
**`CURRENT LIABILITIES`**
`643,230`
**`NET ASSETS`**
`643,230`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`1,089`
`92,305`
`93,394`
`(282)`
`93,112`
`93,112`
`93,112`|`Endowment`
`fund`
`£`
`-`
`179,504`
`179,504`
`-`
`104,868`
`104,868`
`-`
`104,868`
`284,372`
`284,372`|`2024`
`Total`
`funds`
`£`
`65,144`
`179,504`
`244,648`
`14,597`
`763,380`
`777,977`
`(1,911)`
`776,066`
`1,020,714`
`1,020,714`|`2023`
`Total`
`funds`
`£`
`65,144`
`170,091`
`235,235`
`23,049`
`780,149`
`803,198`
`(7,667)`
`795,531`
`1,030,766`
`1,030,766`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 10 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Balance Sheet - continued`** ## **`31 December 2024`** |**`FUNDS`**
`19`
`Unrestricted funds`
`Restricted funds`
`Endowment funds`
**`TOTAL FUNDS`**|`643,230`
`93,112`
`284,372`
`1,020,714`|`668,203`
`97,422`
`265,141`| |---|---|---| |||`1,030,766`| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on ............................................. and were signed on its behalf by: ``` ``` ............................................. Mrs L M Geary - Trustee ``` ``` ............................................. Mr M Jones - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 11 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ``` Notes to the Financial Statements for the Year Ended 31 December 2024 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which are included at market value, as modified by the revaluation of certain assets. ``` ## **`Income`** ``` Allincomeisrecognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have been allocated to activities on a basis consistent with the use of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a commitment but not accrued as expenditure. ``` ## **`Tangible fixed assets`** ``` Consecratedandbeneficedpropertyofanylandisexcludedfromtheaccountsbysection10 (2)(a) oftheCharitiesAct2011.MoveablechurchfurnishingsheldbytheRectorandChurchWardens on specialtrustforthePCCandwhichrequireafacultyfordisposal,areaccountedas inalienable propertyunless consecrated.They are listed in the church'sInventorywhich can be inspected(at any reasonabletime).Forinalienablepropertyacquiredpriorto2000thereisinsufficient cost informationavailableand thereforesuch assetsare not valuedin the accounts.Itemsacquired since 1January2000havebeencapitalisedanddepreciatedintheaccountsovertheir currently anticipated useful economic life on a straight line basis. ``` ``` Allexpenditureincurredintheyearonconsecratedorbeneficedbuildings,individualitems under £2,000 or on the repair of movable church furnishings acquired before 1 January 2000 is written off. ``` ## **`Heritage assets`** ``` ThePCCmaintainsthechurchbuildingwhichisa GradeI registeredbuildingandasstatedabove is excludedfromtheaccountsbysection10(2)(a)oftheCharitiesAct2011.Itisalsocustodianto a numberofheritageassets.IntheTrustees'opinion,conventionalvaluationapproaches lack sufficient reliability and any valuation is likely to involve costs that are likely to be onerous. ``` ``` Page 12 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`1. ACCOUNTING POLICIES - continued`** ## **`Tangible fixed assets`** ## **`Expenditure on major restoration`** ``` The cost of associatedmajor repairs is reportedin the Incomeand ExpenditureAccountin the year it is incurred. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the trustees. ``` ``` Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof the charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial statements. ``` ``` Theaccountsincludealltransactions,assetsandliabilitiesforwhichthePCCisresponsiblein law. Theydonotincludetheaccountsofchurchgroupsthatowetheirmainaffiliationtoanother body nor those that are informal gatherings of Church members. ``` ## **`2. DONATIONS AND LEGACIES`** |`Donations`
`Gift aid`|`2024`
`£`
`52,348`
`6,564`
`58,912`|`2023`
`£`
`54,310`
`12,727`| |---|---|---| |||`67,037`| ``` Page 13 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ``` ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** |**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Church rentals`
`Fees for weddings and funerals`
`Church hall lettings`
**`4.`**
**`INVESTMENT INCOME`**
`Dividends and interest`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Grants`
`Charitable activity`
`Fundraising events`
`Raising funds`
**`6.`**
**`RAISING DONATIONS AND LEGACIES`**
`Fundraising event costs`
**`7.`**
**`OTHER TRADING ACTIVITIES`**
`Support costs`|`2024`
`£`
`-`
`3,485`
`17,625`
`21,110`
`2024`
`£`
`22,662`
`2024`
`£`
`130`
`31,306`
`31,436`
`2024`
`£`
`13,554`
`2024`
`£`
`1,320`|`2023`
`£`
`620`
`7,202`
`10,876`| |---|---|---| |||`18,698`| |||`2023`
`£`
`13,760`| |||`2023`
`£`
`130`
`22,681`| |||`22,811`| |||`2023`
`£`
`6,719`| |||`2023`
`£`
`-`| ``` Page 14 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`8. CHARITABLE ACTIVITIES COSTS`** |`Charitable activity`
`Raising funds`
**`9.`**
**`GRANTS PAYABLE`**
`Charitable activity`
**`10.`**
**`INDEPENDENT EXAMINERS FEE`**
`Independent examination`|`Direct`
`Costs`
`£`
`137,593`
`856`
`138,449`|`Grant`
`funding of`
`activities`
`(see note`
`9)`
`£`
`(54)`
`-`
`(54)`
`2024`
`£`
`(54)`
`2024`
`£`
`1,320`|`Totals`
`£`
`137,539`
`856`|`Totals`
`£`
`137,539`
`856`| |---|---|---|---|---| ||||`138,395`|| |||||`2023`
`£`
`5,500`| |||||`2023`
`£`
`1,320`| ``` 11.TRUSTEES' REMUNERATION AND BENEFITS ``` ``` Therewerethreetrusteereceivingremunerationorotherbenefitsrelatingtovergerfeesfor the year ended 31 December 2024 (2023: Two) ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2024norforthe year ended 31 December 2023. ``` ## **`Trustees Expenses`** ``` £384 was paid to 3 Trusteefor the reimbursementof administrativeand event expensesfor the year ended 31 December 2024 (2023: £1077 was paid to 4 Trustees'). ``` ``` Page 15 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ``` ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`12. STAFF COSTS`** |`Wages and salaries`
`The average monthly number of employees during the year was as follows:`
`Employees`
`No employees received emoluments in excess of £60,000.`
`No employee received total employee benefits of more than £60,000`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`67,037`
`-`
**`Charitable activities`**
`Charitable activity`
`130`
`-`
`Raising funds`
`9,601`
`13,080`
`Other trading activities`
`18,698`
`-`
`Investment income`
`6,251`
`-`
**`Total`**
`101,717`
`13,080`
**`EXPENDITURE ON`**
**`Raising funds`**
`Raising donations and legacies`
`-`
`6,719`
`-`
`6,719`
**`Charitable activities`**
`Charitable activity`
`129,825`
`4,330`
`Other`
`1,320`
`-`
**`Total`**
`131,145`
`11,049`|`Wages and salaries`
`The average monthly number of employees during the year was as follows:`
`Employees`
`No employees received emoluments in excess of £60,000.`
`No employee received total employee benefits of more than £60,000`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`67,037`
`-`
**`Charitable activities`**
`Charitable activity`
`130`
`-`
`Raising funds`
`9,601`
`13,080`
`Other trading activities`
`18,698`
`-`
`Investment income`
`6,251`
`-`
**`Total`**
`101,717`
`13,080`
**`EXPENDITURE ON`**
**`Raising funds`**
`Raising donations and legacies`
`-`
`6,719`
`-`
`6,719`
**`Charitable activities`**
`Charitable activity`
`129,825`
`4,330`
`Other`
`1,320`
`-`
**`Total`**
`131,145`
`11,049`|| |---|---|---| |||| |||| |||| |||| ## **`13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** ``` Page 16 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** |**`13.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
`Unrestricted`
`Restricted`
`Endowment`
`funds`
`funds`
`fund`
`£`
`£`
`£`
`Net gains on investments`
`-`
`-`
`14,626`
**`NET INCOME/(EXPENDITURE)`**
`(29,428)`
`2,031`
`22,135`
**`Transfers between funds`**
`(2,686)`
`2,686`
`-`
**`Net movement in funds`**
`(32,114)`
`4,717`
`22,135`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`700,317`
`92,705`
`243,006`
**`TOTAL FUNDS CARRIED FORWARD`**
`668,203`
`97,422`
`265,141`
**`14.`**
**`TANGIBLE FIXED ASSETS`**
**`Cost`**
`At 1 January 2024 and`
`31 December 2024`
**`Depreciation`**
`At 1 January 2024 and`
`31 December 2024`
**`Net book value`**
`At 31 December 2024`
`At 31 December 2023`||`Total`
`funds`
`£`
`14,626`
`(5,262)`
`-`
`(5,262)`
`1,036,028`
`1,030,766`
`Fixtures`
`and`
`fittings`
`£`
`217,536`
`152,392`
`65,144`
`65,144`| |---|---|---| |||| |||| |||| |||| |||| ``` No depreciation charge has been made as depreciation has been overcharged in prior years. ``` ``` Page 17 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`15. FIXED ASSET INVESTMENTS`** |**`FIXED ASSET INVESTMENTS`**|| |---|---| ||`Listed`| ||`investments`| ||`£`| |**`Market value`**|| |`At 1 January 2024`|`170,091`| |`Revaluations`|`9,413`| |`At 31 December 2024`|`179,504`| |**`Net book value`**|| |`At 31 December 2024`|`179,504`| |`At 31 December 2023`|`170,091`| |`There were no investment assets outside the UK.`|| ``` Cost or valuation at 31 December 2024 is represented by: ``` |||`Listed`| |---|---|---| |||`investments`| |||`£`| |`Valuation in`|`2021`|`23,405`| |`Valuation in`|`2022`|`(21,789)`| |`Valuation in`|`2023`|`14,626`| |`Valuation in`|`2024`|`9,413`| |`Cost`||`153,849`| |||`179,504`| ## **`16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** ``` Includedwithinothercreditorsisabalanceof£847(2022:otherdebtors£1942)forfundsheld as agent. ``` ``` Page 18 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** |**`17.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 18)`
`Trade creditors`
`Other creditors`
**`18.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank overdrafts`|`2024`
`£`
`282`
`-`
`1,629`
`1,911`
`2024`
`£`
`282`|`2023`
`£`
`-`
`5,500`
`2,167`| |---|---|---| |||`7,667`| |||`2023`
`£`
`-`| ``` Page 19 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
`Discretionary fund`
`Youth Fund`
`Childrens fund`
`Church Hall Fund`
**`Restricted funds`**
`Mission & Outreach`
`Pancake Fund`
`Bells Fund`
`Fabric Restricted Fund`
**`Endowment funds`**
`Endowment fund`
**`TOTAL FUNDS`**|`At 1/1/24`
`£`
`659,925`
`295`
`749`
`1,172`
`6,062`
`668,203`
`24,485`
`43,255`
`283`
`29,399`
`97,422`
`265,141`
`1,030,766`|`Net`
`movement`
`in funds`
`£`
`(35,555)`
`-`
`-`
`-`
`10,012`
`(25,543)`
`-`
`3,653`
`292`
`(7,685)`
`(3,740)`
`19,231`
`(10,052)`|`Transfers`
`between`
`funds`
`£`
`3,385`
`-`
`-`
`-`
`(2,815)`
`570`
`-`
`(7,685)`
`(570)`
`7,685`
`(570)`
`-`
`-`|`At`
`31/12/24`
`£`
`627,755`
`295`
`749`
`1,172`
`13,259`| |---|---|---|---|---| |||||`643,230`
`24,485`
`39,223`
`5`
`29,399`| |||||`93,112`
`284,372`| |||||`1,020,714`| ``` Page 20 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Church Hall Fund`
**`Restricted funds`**
`Pancake Fund`
`Bells Fund`
`Fabric Restricted Fund`
**`Endowment funds`**
`Endowment fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`89,882`
`17,628`
`107,510`
`16,787`
`6`
`-`
`16,793`
`9,817`
`134,120`|`Resources`
`expended`
`£`
`(125,437)`
`(7,616)`
`(133,053)`
`(13,134)`
`286`
`(7,685)`
`(20,533)`
`1`
`(153,585)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`-`
`(35,555)`
`-`
`10,012`
`-`
`(25,543)`
`-`
`3,653`
`-`
`292`
`-`
`(7,685)`
`-`
`(3,740)`
`9,413`
`19,231`
`9,413`
`(10,052)`| |---|---|---|---| ``` Page 21 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ``` ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
`Discretionary fund`
`Youth Fund`
`Childrens fund`
`Church Hall Fund`
**`Restricted funds`**
`Mission & Outreach`
`Pancake Fund`
`Bells Fund`
`Fabric Restricted Fund`
**`Endowment funds`**
`Endowment fund`
**`TOTAL FUNDS`**|`At 1/1/23`
`£`
`694,619`
`295`
`749`
`1,172`
`3,482`
`700,317`
`24,485`
`38,538`
`283`
`29,399`
`92,705`
`243,006`
`1,036,028`|`Net`
`movement`
`in funds`
`£`
`(30,945)`
`-`
`-`
`-`
`1,517`
`(29,428)`
`(125)`
`4,717`
`-`
`(2,561)`
`2,031`
`22,135`
`(5,262)`|`Transfers`
`between`
`funds`
`£`
`(3,749)`
`-`
`-`
`-`
`1,063`
`(2,686)`
`125`
`-`
`-`
`2,561`
`2,686`
`-`
`-`|`At`
`31/12/23`
`£`
`659,925`
`295`
`749`
`1,172`
`6,062`| |---|---|---|---|---| |||||`668,203`
`24,485`
`43,255`
`283`
`29,399`| |||||`97,422`
`265,141`| |||||`1,030,766`| ``` Page 22 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Church Hall Fund`
**`Restricted funds`**
`Mission & Outreach`
`Pancake Fund`
`Fabric Restricted Fund`
**`Endowment funds`**
`Endowment fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`90,841`
`10,876`
`101,717`
`-`
`13,080`
`-`
`13,080`
`7,509`
`122,306`|`Resources`
`expended`
`£`
`(121,786)`
`(9,359)`
`(131,145)`
`(125)`
`(8,363)`
`(2,561)`
`(11,049)`
`-`
`(142,194)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`-`
`(30,945)`
`-`
`1,517`
`-`
`(29,428)`
`-`
`(125)`
`-`
`4,717`
`-`
`(2,561)`
`-`
`2,031`
`14,626`
`22,135`
`14,626`
`(5,262)`| |---|---|---|---| ``` Page 23 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS - continued`** ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
`Discretionary fund`
`Youth Fund`
`Childrens fund`
`Church Hall Fund`
**`Restricted funds`**
`Mission & Outreach`
`Pancake Fund`
`Bells Fund`
`Fabric Restricted Fund`
**`Endowment funds`**
`Endowment fund`
**`TOTAL FUNDS`**|`At 1/1/23`
`£`
`694,619`
`295`
`749`
`1,172`
`3,482`
`700,317`
`24,485`
`38,538`
`283`
`29,399`
`92,705`
`243,006`
`1,036,028`|`Net`
`movement`
`in funds`
`£`
`(66,500)`
`-`
`-`
`-`
`11,529`
`(54,971)`
`(125)`
`8,370`
`292`
`(10,246)`
`(1,709)`
`41,366`
`(15,314)`|`Transfers`
`between`
`funds`
`£`
`(364)`
`-`
`-`
`-`
`(1,752)`
`(2,116)`
`125`
`(7,685)`
`(570)`
`10,246`
`2,116`
`-`
`-`|`At`
`31/12/24`
`£`
`627,755`
`295`
`749`
`1,172`
`13,259`| |---|---|---|---|---| |||||`643,230`
`24,485`
`39,223`
`5`
`29,399`| |||||`93,112`
`284,372`| |||||`1,020,714`| ``` Page 24 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS - continued`** ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Church Hall Fund`
**`Restricted funds`**
`Mission & Outreach`
`Pancake Fund`
`Bells Fund`
`Fabric Restricted Fund`
**`Endowment funds`**
`Endowment fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`180,723`
`28,504`
`209,227`
`-`
`29,867`
`6`
`-`
`29,873`
`17,326`
`256,426`|`Resources`
`expended`
`£`
`(247,223)`
`(16,975)`
`(264,198)`
`(125)`
`(21,497)`
`286`
`(10,246)`
`(31,582)`
`1`
`(295,779)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`-`
`(66,500)`
`-`
`11,529`
`-`
`(54,971)`
`-`
`(125)`
`-`
`8,370`
`-`
`292`
`-`
`(10,246)`
`-`
`(1,709)`
`24,039`
`41,366`
`24,039`
`(15,314)`| |---|---|---|---| ``` Youth Fund - represents funds to support youth work in the parish. ``` ``` Discretionary Fund - represents funds to alleviate hardship amongst the citizens of Olney ``` ``` MissionOpportunityFund - representsfunds dedicatedto promotingthe grownof the churchand is specifically not for general running costs. ``` ``` Children's Fund - represents funds to support our children's work including church mice. ``` ``` ChurchHallFund-representsincomefromChurchHalllettingsandotherexpensesandpays the operating expenses of the Church Hall. ``` ``` FabricFund-representsthepurchaseandacquisitionofitemstosupportthephysicalcomfort and wellbeingofparishionerswhilstworshippingwithinthebuildingandtheongoingcare,repairs and maintenance of the church buildings and contents. ``` ``` PancakeFund - is a subcommitteeof the PCC whosesole purposeis to organisethe historic pancake raceandassociatedcommunityevents,andindoingso,raiseanddisbursefundsfor the maintenanceandfabricofthechurch.ThePCCunderwritetheinsuranceoftheevent.The fund specifically does not support the running costs and expenditure of the church. ``` ``` Page 25 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`19. MOVEMENT IN FUNDS - continued`** ``` EndowmentFund - consistsof a singlepermanentendowment,the capitalof which cannot normally bedistributed,withtheincomegeneratedbythecapitalinthefundinitiallybeingusedagainst the repairandmaintenanceofthechancel.Shouldthechancelbeingoodorder,theincomemay be used onlyfor the repairand maintenanceof the restof the church.The accumulatedincomein the fund held by the CBF C of E depositaccountat the yearend amountedto £95,049.The valueof the capital stands at £170,091 (2022: £155,465). ``` ``` The Mission& OutreachFund is dedicatedto promotingthe growthof the churchand shouldnot be used for general running costs. ``` ``` The Bells Fund consists of monies to be used with the maintenance and upkeep of the church bells. ``` ## **`20. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 December 2024. ``` ``` Page 26 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Detailed Statement of Financial Activities for the Year Ended 31 December 2024`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Gift aid`
**`Other trading activities`**
`Church rentals`
`Fees for weddings and funerals`
`Church hall lettings`
**`Investment income`**
`Dividends and interest`
**`Charitable activities`**
`Fundraising events`
`Grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Fundraising event costs`
**`Charitable activities`**
`Staff costs`
`Parish share`
`Clergy expenses`
`Church running expenses`
`Church maintenance`
`Training and parish work`
`Carried forward`|`2024`
`£`
`52,348`
`6,564`
`58,912`
`-`
`3,485`
`17,625`
`21,110`
`22,662`
`31,306`
`130`
`31,436`
`134,120`
`13,554`
`8,619`
`58,121`
`12,500`
`25,829`
`21,104`
`368`
`126,541`|`2023`
`£`
`54,310`
`12,727`| |---|---|---| |||`67,037`
`620`
`7,202`
`10,876`| |||`18,698`
`13,760`
`22,681`
`130`| |||`22,811`| |||`122,306`
`6,719`
`6,417`
`61,211`
`10,950`
`17,499`
`10,162`
`658`
`106,897`| ``` This page does not form part of the statutory financial statements ``` ``` Page 27 ``` ``` PAROCHIAL CHURCH COUNCIL OF ST PETER & ``` ## **`ST PAUL. OLNEY`** ## **`Detailed Statement of Financial Activities for the Year Ended 31 December 2024`** |**`Charitable activities`**
`Brought forward`
`Church hall costs`
`Organist and music`
`Other administrative costs`
`Grants to institutions`
**`Support costs`**
**`Finance`**
`Bank charges`
**`Governance costs`**
`Independent examination`
`Total resources expended`
**`Net expenditure before gains and losses`**
**`Realised recognised gains and losses`**
`Realised gains/(losses) on fixed asset`
`investments`
**`Net expenditure`**|`2024`
`£`
`126,541`
`7,401`
`4,507`
`-`
`(54)`
`138,395`
`316`
`1,320`
`153,585`
`(19,465)`
`9,413`
`(10,052)`|`2023`
`£`
`106,897`
`9,359`
`4,488`
`7,911`
`5,500`
`134,155`
`-`
`1,320`
`142,194`
`(19,888)`
`14,626`
`(5,262)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 28 ```