ng - Beioffi THE PAIUSH OF MILTON ANNUAL REPORT and FINANCIAL STATEMEwrs of the PARoCH￿L CHURCH COUNCIL For the year ended 31" December 2024 Incumbent vacant Bank Lloyds Bank plc 47 Station Road New Milton, Hants. BH25 6HY IndepeDdeDt Examiner PD Root Hope Jones Chartered AecouDtants SpeDcer Road New Milton, Hants. BH25 6BZ Charity Registration Dumber . 1134112 THE PARISH OF MILTON g - Belo0• ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Administratlve Infomiatlon The Pa.rish of Milton is part of the DI0￿Se of Wnthester within the Church of Englan.d.. It com.prises the Pa.rish Church of St Mary Magdalene and the Churches of St Peterfs. Ashley and St John the Baptist, Bashley. The correspondence address is The Parish Office, Churth Lane, New Milton, Hants, BH25 6QL. The Parochial Church Council (PCC) operates under the PCC (P¢ydErs) Measure (1956) and is a charty reglstered with the Charity Commission, Charity Number 1134112. lknborn of the PCC for the year ended 31•1 December 2024 Ex Offl¢io Vacancy Mr Alan Beal Mrs Elizabeth Lock Ms Marion Brehaut Elected at tha APCM Mrs Daphne Tams Mrs Ann Lewington Mrs Doris Stanley Mrs Catherine Beal Mrs Jane Davies Mr Andrew Farrier Rector Churchwarden Churchwarden Deputy ChurGh Warden and Vi¢0 Chair Honorary Treasurer Honorary Secretary Deanery Synod Reprnsentatlves Mr Alan Ponting Mr Michael Minton Mr John Adams Structure, Governance and Management The mptho¢ of appginting the PCC members is set out in tho ¢hur¢h Representstion Rubg. All Chur¢h attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC. All Councils and positions held within the Parish of Milton are constituted andlor undertaken with due regard to the specific Ternis of Reference set out in the Parish File, a copy of which can be obtained from the Secretary. The Parish of Milton is extremely grateful to all its volunteers without whom the Churches would not be able to operate. Obje¢tiv8s and Activitles During the vacancy the Churchwardens and the PCC of Milton Parish have taken on the role of promoting in the Parish the whole mission of the Church, pastoral, evangelical, social and ecumenrcal. This upholds the vision as expressed in the logo Serving - Worshipping - Belonging - Growing. It also has the oversight of the activities of the Church committees to whom responsibilty has been devolved. AGhipvgm•nts a.nd. Perfomian Church attendanc• At the 31st December 2024 there are a total of 126 parishioners on the Church Electordl Roll, of whom 6 are not resident within the Parish: 2 names were removed as eÈther now deceased or moved away from the Parish and there have been 2 additi'ons. The average weekty atterxlance, counted during October, 74 adults and O Children. Revlew of the Year The full PCC met 6 times in 2024 with an average attendance 95QA. Reports from St Mary Magdalene's, St P¢ter's and St John the Bapti¥t Chyrthes were rKeive¢ by the fvll PCC and discussed whoro n¢￿SSary. Worship in all three Churches has continued without any of the restrith'ons. Lay assistants have resumed administering the wine for communion. Parish Lent lunches have taken place and were well attended. Teams of trained lay people have not resumed. Baptisms are taking place on an individual basis. Ministy of Welcome and Pastoral Care continues. Monday Group continues to meet on the 2nd MorKlay of each month at 2.30pm. Pop-in Coffee mornings held on the last Thursday of each month conts'nue to flourish with very good attendances of local residents and members of the congregations. Messy Church in thp Ponsh ¢hur¢h continues, Th.e Lady Chapel provide$ and activity opportun.ities for children and they all enjoy a meal together in the Church Hall. Messy Church has a Facebook page messychurch stMaryMagdaleneNewMlton The Parish Off￿ is open on Monday - Friday from 10 - 12noon. staffed by volunteers from across the Parish; but more helpers are required. The Parish Website is well accessed and is a valuable source of infonnation; the address is www.mittonpaTish.org. All forthcoming events a￿ listed. A Fund Raising Group has organised several events during the year to contribute to the cost of extensive repairs to all three Churches. Communty Services including CNIC, School and Memorial have taken place. FSnancial Revlew Total receipts on ordinary unrestricted funds We￿ £186.643 as a￿ detsiled in the Financial Statement The cost of providing the Christian Ministy from the Parish of Milton, including the contribution to the Di0￿san Parish Share was £144,129.. The Parish continues to rely on Legacy irKome to cover costs. This is a cause of great concern and is key focus for thought, prayer and practical inrtiatives for 2025. Inve8tment Pollcy The PCC has chosen a balanced ethical approach with only medium risk. the PCC has no investment at this time. Roserves Pollcy The PCC would like to work towards a situation where funds could be set aside to cover at least three months ongoing general expenditure of the Parish and provide a fund for immediate use in the event of Pari$hllo¢oVnationoifintemational disaster. Risks Pollcy The PCC ea.mp.rked. £30.000 legaw gifts in 2014 for major repair works to the pa.r.ish GhurGh, This ha$ been spent on repointing work as a first step to correct water ingress to the parish church walls. £100,000 of legacy income received in 2024 has been similarly ea￿narked to continue the renovation work. Approved by the PCC and signed on their behalf by Miss Maron Brehaut (PCC V￿e Chaiman). Signed . ÉlJ- Date: .... PAROCHIAL CHURCH COUNCIL OF MILTON ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERsrrRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF MILTON We report on the accounts for Ihe year ended 31st December 2024 which are set out on pages 6 to 14. Res ective Res onsibilities of the Trustees and Inde endent Examiner As trustees of the Charity, Ihe members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not reouired for this year L5nder section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is our responsibility to examine the accounts under section 145 of the 2011 Act- follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5llbl of the 2011 Act- and state whether particular matters have come to our attention. Basis of Inde endent Examiner's Statement Our 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 the management committee concerning any such mallers. The procedures undertaken do not provide all Ihe evidence that would be required in a full audit. and consequently we do not express an audit opinion on the accounts. Inde endent Examiner's Statement In connection with our examination, no matters have come to our attention- which give us reasonable cause to believe that in any malerial respect the requirements to keep accounting records in accordance with s.130 of the 2011 Act. or to prepare accounts which accord with these accounting records have not been met,. or to which. in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. HOPE JONES CHARTERED ACCOUNTANTS 23RD Jul 2025 Dunlop House, 23a Spencer Road, New Milton, Hampshire. BH25 6BZ Page 4 PAROCHIAL CHURCH COUNCIL OF MILTON ANNUAL REPORTfor2024 Reportfrom the HonoraryTreasurer The reports bythe Churchwardens and otheractivftles wlthln the Church for2024 are Included In the attached booklet. Regarding the financial aspects of the yearthese are presented in a fomiat requtred under Church Accounting Regulatlons 2006 and the Charities Act 2011. The Pa￿sh ol Milton Istreated as one entty although sepatatefigures for each Church within the Parlsh are malntalned. General fund Income in the year 2024 was £186,643 cornpared with £107.481 In 2023. Gfft aided contrlbutlons were £40.461 in 2023 but £41.711 In 2024while collectlons at Setvlces were £1,600 more In 2024 than In 2023. Thls means that between the two our congregation Income dropped by about £2.1)00 togetherwlth the approprlate gift ald. Total Income has been gTeatly enhanced by a wonderful legacy of £161K fofthe parlsh church. EIODK has been earmarked forthe renovatlons needed In the parish church. Income from hall and other lettlngs show an Increase In 2024 malnly due to the regular rental Irom the lettlng ot St John's hall. Our CMF to the Dlocese was pald In full a￿1n In 2024. £58822 {2023 £62513).. The PCC conslder5 thls a prlorlty. The amount, lower than In 2023 and pr￿louS years. covers Clergy and other related costs In the Wlnchester Dlocese. Durtng the Interregnum theie are no Incldentsl costs forclergy. The Dlocese coverthose for keeplng Clergy available on Sundays. Church malntenance expenses vary from yearto year accordlng to need. There are few savings to be made In the costs of runnlng the Churches. Our Congregations expectthe Churches to be heated and Ut adequatelyfor Services. At the end of 2023 we asked everyone to review thelr givln& The response was very helpful. To those who dld not or were unable to help, please thlnk agaln. An annual feview would be a wayfomard to'generous gMn¢. Please keep revlewing and praylng. The marvellous legacy Income In 2024 Is not the end of the linanclal mountsln we have to cllrnb, but It does give us a few months to plan forthe future. Please plan your givlng I Congregation numbers have not returned to pre pandemlc levets. Age or a change of Ilfestyie may be the reason. bul we need to contlnue actl¥e encoouragementfor all who dojoin us. PAROCHIALCHURCH COUNCILOFMILTON STATEMENTOF FINANCIALACTIVMES FOR THEYEAR ENDED 31DECEMBER2024 Unresliictsj Restrfcred Total ilnrestricted Restricte Totsl Note Fur Funds 2024 Funds Funds INCOMING RESOURCES DonationsanL1 Legacles CharftsbleActMtles 21al 627 4916 21bl 21cl 51870 Investments OtherorOlnaryincomlngres¢)urces 21dl 6150 6150 TOTAL 289911 107481 11086 118547 RESOURCES EXPENDED Grints 31al 177 77 Acllvltlesdlrectly rets1lngtotheh￿th0l the Church 31bl 139878 0ts8 0138 Church managementand adminlsiraiion 31¢) 8916 8916 TOTAL 147561 134 1977 iiii NEfiNCOME IEXPENOITUREI 425 .216S3 TOTAL FUNDSBROUGHTFORWARDAT IJANUARY2024(20231 523876 I￿6 543782 S45529 10817 TOTALFUNDSCARRIED FORWAADAT 310ECEMBEA 21)24120231 119742 686132 523876 PAROCHIALCHURCH COUNCILOF MILTON BALANCESHWAT31 DECEMBER2024 2023 2023 RXEDASSErs Tanglblellxed assets Slal 488587 CURRENT ASSErs Debtors 10326 Depostis Cash at bankand In hand 27801 43581 61708 LIABILmE&' AMOUNTS FALUNG DUE WITHIN ONEYEAR 4513 NEY CURRENT ASSErs 217S45 75,195 NEfASSErs 686132 FUNI)S ufir￿￿¢ted io Restrlcted li 119742 roTALCHURCH FUNDS 686132 Approved tythe Parochlalchurchcouncllon and signedonlts behall ty. MarlonBrehaut IChalfper$onl DaphneTarn$lHon.Twsuwl The ￿￿eson pages8tts14f0￿ part olthe5eaccounts. PAROCHIALCHURCH COUNCILOFMILTON NOTESTOTHE FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024 ACCoU￿1NG POUCIES Thellnanclalstatements have tjeen PTepared in a¢eordancevAththeChurcb AccountingRegulatlons 200610getherwith appUcabLe accovntingstandards and the Statement ol Recommended Practlce.Accountingand Rewiingforcttaiities IFRS 102}. Thefinanclalstatements have been Pfepared in accordance wlth the hlstorlcal¢ost Conventlon modlfied tjythevaluatlon of¢ertalnllxed assets. Funds: Unrestrlcted lunds representlf¢e funds ofthe P.C.C. thatarenot Subje￿t0 ary restrlctlons regaidlngthelr use and are avallablefor appltcallon In thegeneral purp05esolthe P.C.C. Fund5 deSI￿atsd lora partScular pU￿se bythe P.C.C. are also restrlcted. The accounts Include alltransactlons. assetsand ibablutles IoFwhlch the P.C.C. Is re5ponslbie In Law. They do noi Includechurch groups Ihatixthelr maln affluatjon to anotherbody northosethat are lnfomia1gatherfngsofchu￿h members. Incomlng Resour¢es'. Voluntary Income and ¢apiial sources: Collectlonsare fecognlsedwhen recefved byoron behawofthe P.C.C. Planned li￿￿$ undercovenants Isrecognlsed onlywhen recelved. Income taxre¢overabLe on covenants Is recwisedwhen the Income 1$ re¢elved. Grants and legacles tothe P.C.C. areaccountedforas soon asthe P.C.C. ts nottfted of Its legalenittlement and the amount. Funds ralsed bythe garden fetes, bazaars anoslmllarevents are accounted lor8ros Other ordlnary Income-. Rental Income from lettIngof¢hu￿h ￿MIseS Is recogntsedwhen the rentsl Is due. Income ftom Investments: Dlvldend and Interestare a¢¢ountedfof when recdvabie. Resour¢es expended: Grants: Grants and donatlons Icharltable thine) are accountedforwhen paidu•W. Acti￿￿eS Jlreclly relatingiotheworkofthe Church: The PCC1s commÉtted to contributingas much astheyare able towardsthelr por¥on of THE Partsh Sharewhich is accountedforlntheyearfof Twhich Itls payable. IP£counling Policies contlnljed.. .. PAROCHIALCHURCH COUNCILOF MILTON NOTESTOTHE FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 DECEMBER2024 IACCOU￿1NG POLICIESconllnued...- Ftxed Asse￿. Consecrated land and buildlngs and movable churchfumlshlngs: Consecrated and benellced property Is excludedfrom the accwnts byS.10121,131&141 ofthe ChartllesA¢t2011. No value Is placed on movable ¢hurch lurnlshlngs helo bythe churchwardenson speclaltrust lorthe P.C.C. and whlch require a facultyfordlsposal slncethe P.C.C. conslders thls to be Inallenable property. Ail expendlture Incurred durtngthe ￿al on consecraled ortyenellce bulltjlngs and movablechufch fvmlshlngs. v•hether malntenance or Improvemenl. I$w￿tten01IaS eXpendrtU￿ Inlhestatementof FlnanclalA¢iivttles and separatelydlsclosed. Other land and bulldlngs: Other (and and bulldlngs heid on behalfotthe P.C.C. for Its own purposes Isvalued atthtr Current value In use based on thevalue ftylnsuran¢e p￿Se& Yhevaiuels revlewe(l and amended when deemed matertaL Nodepreclatlon Is charged agalnstsuch properttes but anyexpendtture on malntenan¢e or Improvementls wrltten off as Incurred. Othefflxtures. flttlngsand offlee equlpment: Equlpment purchased and usedlorchurch purposes Is depreclaied on a straltst Ilne basls over4y&ars. Indlvldualttems ot equlpmentwlth a puichasepvl¢e of £I.LWO or less arewrltten off wthen the assei lsa¢qulred. Snvestments: The PCC has no Investments. PAAOCHIALcHURCH￿UNc￿L0FNILT0N trIOTESTOTHE FINAtrICLILSTATEMENtS FOR THEYEAR ENDED31DECEM8EA2024 Tt)ial 2 INCOMINGRES(KIRCES FurK 2(a) O￿atIOn$an0 Legacias Planned gi￿￿& Grftaiddonat(ons 41711 41711 I￿o￿etaxfttoveTabiewb0tt* Coilèctlonsatallser¥ices 10704 10704 91[ 9106 Donatlonsandappeats Leqa¢l•s 2275 2758 1578 4918 171 2726 I1￿ 234138 62714 4916 67630 21bl Charftsb*A¢tNttles Fet¢s. bazaarsandoth¢rftm&ralslryeverts. neiolexpenses Fimrs and sundry Inco Ineoff*trorn¢harftableandwclliwytradln Ma$a￿ne$ andbook3 Churchhall& houSelrmandot￿rlolt1n 6150 410 41053 Fees Inetl 1691 1691 51870 6150 50571 21cl IncM*from Irwestmentk" InterestlromCashOeposKs 855 21dl Oth￿ordS￿aryln¢orn1￿rIS[*J￿eS.' VATrecoveTtd In$urancecialm TOTALINCOMING RESOURCES 289911 107481 11066 118547 io PAROCHIALCHURCHCOUNCILOFMILTON NOTESTOTHEFINAPICJALsfAIEMENTS FOR THEyEARENDED31DECEM8ER2￿I4 Ajnds FurK 3 RESOURCESEXPENDED 3{a) Grarfs mlssionaryanttcharrtabi•gi￿ft c￿ChO¥erSta5.' misslonarysocietiès reuelar￿dÉVe1o￿me1￿￿nclIs Home mlss¢onsandOtherCl4Jr¢bSocieti¢s 177 177 2057 Se¢￿T¢haIl•s 177 177 2057 3{bl CharltstleA¢tfvitles ¢Jioc¢$anquota 62513 deaneryquota ciewexpertses dergyhouse5 otherciewcos Church. wnn5rigexpMses Church.malnienance Upkeepofse￿ces Upkeepolchurctyard Wo￿vIthe￿Il￿Ten 1395 927 27 00 ChLffchha1￿anohoUse-W￿ortKc0sts 22875 22875 139878 0138 0￿& 3{cl Churchmanaqement*dodmhtslradO￿. Al￿ertIsI 812 812 Prlniin& staiionery, et¢. Otherexpense$ IndeFendentExaMI￿tI0rtF1e Photocoplerhlfe 2342 355 355 3518 3516 1891 1891 8916 8916 TOTALRESOURCESEXPENDED 144L 147561 1977 131111 li PAROCHIALCHURCH COUNCILOF MILTON NOTESTOTHE FINANCIALSTATEMENIS FOR THEYEAR ENDED 31 OECEM8ER2024 4(a} STAFFCOSTS Duringtheyearthe pald employee a Church Hall Caretskw. Whodld noteam £eo,IKKior more. 41b) TRUSTEE REMUNERITION &RELATED PARTY INTERESTS No tay membefs ofthe Pafochial Church Coun¢ilTe¢eived ary rernunerakn or relmtwrsemeniof travelco*s 11L¢rlngtheyear. No membersofthe Parochialchurch Councllor persons re￿e￿ iomembets had any personal Inteiest lft anycontrath ortransactlonentered Into bythechurch durtngtheyear. 4{c) INDEpENDE￿£¥Am1NATION Fees payable forthe lndependentExamlnatlonv￿r￿£3.75O(2o23£3.5I6l 5 TANGIBLEFIXED ASSE Freehold ianij and Equlpment Total I￿lIdIng5 GROSS BOOKVALUE At l January2024 Dlsposats Addltlons 20395 488981 At 31 Decemlw2024 486981 DEPAECIATION At l January2024 Dlsposalg Ai 31 December2024 20394 20394 20394 N￿BoOKVALUE At31 DeeembÈr2024 468587 At 31 December2023 468587 The treeholij land and building5 comprlsethe Church Hails and StPeterfs House. The gross bookvalues ale based on insurancevaiues In 1996. plus anymore recent Improvement osts. These bultdlngs are Insured at avatuemorein tinewtlhan estirnated rel)ulLdlng ostand the totalsum amounts to Q855.427 PAROCMIALCHURCHCOUNCILOFMFLTON NOTESTOTHE FINANCIALSTATEMENTS FOR TbtEYEAAENDE031 DECEMBER2024 MOvEmE￿IN FUNDS 11 Aestiicted Fur Inc￿ LI2024 Translérs 31.12.2024 ALL3CHUACHES Aprealhjnds 18104 117940 SIMaryMagdalènèChwch: Misslonsandeharltaltsgw: MoneYralsedtosupport￿rnIssIon¥*ykoI th•ChurehathomearwJo¥erseas 127 SJn¢JayCoff•e Thl$lundwillau￿lO1￿￿kVn*rttoI lacllltles. 235 Cholr Thl$lufftd i$forChurchMus 250 Mes4Chur¢h Fund Th15wa$astsn-twgrartlor fv12ssyClwJrch deveiopmeni SoclalFund Thlslund hasbeon donatediOSUPPtyt startup soclataetmtles St Petevschurch Ml$slonandcharftaNel¥l MoneyralsedlOSUPPortffll￿rMWV Total￿StrIc￿l lunds IW 103268 119742 Unffjstrlrte¢J Funds GeneralFund 144Qi TotalFunds 131120 686132 12 There isanothwbankaccounrnN Included inthe5e *teinerrts. ThislorcaKJlr muslc. antt W InclLthd*Y)uldnotMakeanym•￿laI lffwenceiothetotal poslllonolfhe Paii5hAccwnts.