ALL SAINTS, PARISH CHURCH STREETLY TRUSTEES ANNUAL REPORT AND ACCOUNTS 2024 Charity Number 1134127 A charity registered in England and Wales number 1134127
Page 1 ALL SAINTS, PARISH CHURCH, STREETLY Trustees Annual Report for the year ended 31 December 2024 Reference and Admlnlstratlon Detalls All Saints, Streetly is situated in Foley Road East, Streetly, Sutton Coldfield, 874 3JL. It is part of the Diocese of Lichfield within the Church of England. It is registered with the Charity Commission under Charity Nurnber 1134127. Members of the PCC PCC members are either ex officio or elected by the Annual Parochial Church Meeting (APCM). All voting members are appointed as trustees. Members who have served from 1 January 2024 until the point this report was approved are.. Incumbent .' Revd Mandy Walker (Chairman) Deputy Chair.. Pat Lawrence Wardens.. Pat Lawrence Chris Payne {To APCM April 2024) Kathy Hughes (From APCM April 2024} Julie Smith (From APCM April 20241 Deputy Wardens Treasurer.. Ann Fox {To APCM April 2024) Jeremy Smith (From APCM April 2024) PCC Secretary .' Non votlng Debbie Aggett (From APCM April 2024) Stewardshlp secretary steve Wallace Elected PCC Members .' Yvonne Calogirou Alan Finch Ann Fox {To 7th January 2025) Kathy Hughes Clare Jones (From APCM April 2024) Pat Lawrence Roy Lawrence Craig Partridge (To APCM April 2024) Anne Payne Jennie Handy Michelle Lucas (To 19th September 20241 Mike Payne Sonia Robinson {From APCM April 2024) Jeremy Smith Julie Smith (From APCM April 2024) Steve Wallace Representatives on the Deanery Synod.. Rov Lawrence Alan Myati Pam Simms co.opted Members .' Neil Crabb Chris Payne (From APCM April 2024) (From APCM April 2024) Lay Readers.. Non voting Alan Myalt, Pam Simms, Pam Rainsford A charity registered in En9land and Wales number 1134127
Page 2 ALL SAINTS, PARISH CHURCH, STREETLY Trustees Annual Report for the year ended 31 December 2024 (continued) Structure, governance and management The charily is constituted under the Church Representation Rules 2 January 1957. It is governed by the Parochial Church Council Powers Measure (1956} as amended and Church Representation Rules 2 January 1957. Officers of the PCC .. Debbie Aggett. Jeremy Smith Pat Lawrence {PCC Secretary) {Treasurer) (Warden) "non Iruslee Bankers.. Co-operative Bank Lloyds 8ank Investment Manager Canaccord Genuity {Formerly Hargreave Halel Independent Examiner.. Edwards Chartered Accountants The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. Publlc Beneflt Statement The trustees of the Charity are aware of the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard lo it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Streetly they help lo promote the whole mission of the Ch urch (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that doing so provides a benefit to the public by.. Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers., and Promoting Christian values and service by members of the Church in and lo their ommunilies, to the benefit of individuals and society as a whole. Responslbllltles of the Parochlal Church Councll Safeguarding The PCC believe they have fulfilled their duly under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults). Financial position The Charities Act requires the Parochial Church Council to prepare financial stalemenls for each financial year which give a true and fair view of the state of affairs of the Charity as at the balance sheet dale and of its incoming resources and application of resources for the year then ended. A charity reglstered Sn England and Wales number 1134127
Page 3 ALL SAINTS, PARISH CHURCH, STREETLY Trustees Annual Report for the year ended 31 December 2024 lcontlnued) Financial posltion (cont.) In preparing these financial statements. which give a true and fair view. the PCC should follow best practice, select suitable accounting policies and apply them consistently. making judgements and estimates that are reasonable and prudent. slate whether applicable accounting standards and slalemenls of recommended practice have been followed subject to any material departures disclosed and explained in the financial slalemenls and prepare the financial slalemenls on a going concern basis unless it is inappropriate lo presume that the charity will continue lo operate. The Parochial Church Council is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and lo enable il lo ensure that the financial statements are prepared in a¢¢ordance with the Church Accounting Regulations 2006 and is 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. Independent Examlner Edwards Chartered Accountants. Chalr of PCC - Annual Report Objectlves and actlvltlas The PCC is commilled to enabling as many of the community lo know, love and worship God. The PCC maintains an ovetview of Worship and has established a Worship Group which makes recommendations on our services and how we might welcome others who live within our parish. Our worship puls faith into practice through prayer, bible reading and t8aching. music and receiving the sacraments. We seek lo follow Jesus, ex8mple, by loving, caring and welcoming all with whom we meet, responding lo both the needs of those who allend church and the wider community. Misslon statement All Saints Church is called lo be a loving, Caring, welcoming ¢ommunily of faith following Jesus, example. To respond and be aware of all in the Church and wider community with encouragement, care, support, love and tolerance. To be involved in seeking lo meet the needs of Streetly cornmunity. Worship and Prayer All Saints, is an Anglican Parish Church, which is not a building bul a body of people, who seek to follow Jesus Christ in their daily lives, learning. praying. worshiping. and sèrving the community of Streetly and the wider world. In 2023 - 2024 the PCC offered opportunities lo worship God daily online at Morning and Evening Prayer, in Church service5 on Sunday morning live streamed (including monthly baptisms} a mid-week in church Eucharist, plus evening setvices a month, In addition. we offered two Messy Church services, a Pet service and additional festival services, plus Occasional offices of Baptism, Weddings and Funerals and services for specific groups in the community e.g. Mother's Union and Schools. There are 176 parishioners on the electoral roll. An average weekly allendance. combining in church seNi¢es is 66 adults and 6 children. 200 plus people watch weekly online at Morning and Evening Prayer services, this is similar to last year. New people have continued lo attend both online and in person Services. The All Saints Facebook group membership is 544, an increase of 24 from13sI year, with 1.1 K members of the open Facebook page of All Saints Parish Church. All Saints online presence has increased in 2024. A charity reglslered in England and Wales number 1134127
Page 4 ALL SAINTS, PARISH CHURCH, STREETLY Trustees Annual Report for the year ended 31 December 2024 {continued) Chair of PCC - Annual Report continued Significantly people attending church are actively growing in their faith, joining in opportunities to learn in Bible study groups and actively serve the community. The full PCC mel 6 times during the year. The Annual General Meeting was held in church on 24 April 2024. At each meeting reports are received on health and safety, fabric, and safeguarding. 2 extraordinary meeting were held in 2024. We have a great deal to be thankful to God for in 2024. For the ministry of many who have worked as faithful witnesses in the community. We thank God for authorised leaders, employed staff and the laity. For Matthew Barker-wood our Director of Music, for Brian Yates, caretaker, for Debbie Aggett, our Parish Administrator, and for Louisa Patrick our cleaner. In 2024 Sue Lloyd our Pre-school Worker retired after many years of leading our toddler groups. Our Lay Reader Alan Myatt and Lay Readers with permission to officiate licenses Pam Rainsford and Pam Simms continue to minister among us for which we are thankful. Revd Mal Hawksworth with permission to Officiate License offers iinvaluable support, prayer, and cover for clergy absences. Our young people are invited to serve in the sanctuary, operate the sound desk, play in the music band, and lead worship. Members of uniformed organisations and toddler groups contribute to the church family in many ways. We thank God for them all, An average under 16 attendances in church is difficult to ascertain bul we are confident that their engagement remains significantly higher than the national average of 5 per week. 2 young under sixteens and three adulls were confirmed in September 2024. This year over 30 people engaged with Bible Study groups, others read discipleship material at home, many conducted acts of serwice within the community. All Saints is a twice weekly collection point for the Glebe Centre and the Thomas Project Food Bank, The Lent appeal saw donations to SIFA fireside, supporting the homeless in Birmingham. In June, a summer festival and dog show raised funds for All Saints. The Christmas Tree Festival raised funds both for All Saints and for distribution to groups supporting those living with dementia in the Streetly comm unity. These initiatives brought people together, reached a younger generation, raised publicity, and built stronger relationships within the community. We maintained links with overseas charities, praying for and supporting financially Kathryn Mercy Home in India, The Holy Child Project in Bethlehem (via the charity Abraham's Children in Crisis) and Christian Aid. The Baptism team, our Pastoral team and Wedding Team continue to offer a warm welcome to families. We have held 16 baptisms and have taken 3 weddings and 25 funerals. Through these offices, people have returned to worship and play an active part in the church. We have succeeded in keeping the church building open on weekdays for private prayer from 10.00am to 12.00 noon, enabling the church to be a presence and resource for the community. Matt Barker-wood, Director of Music and choir members worked with the incumbent to lead worship. Brian Wilson led the Servers, Team. Alan Finch led the Sound Desk team until October, the team's role has increased with streaming services and requests for blue tooth and memory stick usage for occasional offices. Many members have cleaned and cared for the church, its grounds and continued to support the church financially. A charity registered in England and Wales number 1134127
Page S ALL SAINTS, PARISH CHURCH, STREETLY Trustees Annual Report for the year ended 31 December 2024 (continued) Chair of PCC- Annual Report contlnued Members of the PCC have contributed lo the leadership of the mission of the church. Pal Lawren was elected as Church Warden in May 2024 and has been supported by Julie Smith and Kathy Hughes as Deputy Church Wardens Jeremy Smith has developed the PCC Treasurer role with handover and support from Ann Fox. Stephen Wallace, Stewardship Secretary and the team have brought new inilialives for fund raising, including the 100 club, encouraging sign up lo Easyfundraising, and establishing conlaclless giving as a regular income stream. Chris Newson is assisting with Gift Aid. Alan Myatl and Jennie Handy, Parish Safeguarding Officers have fulfilled a growing and demanding role to help the congregation see safeguarding as everyone's responsibility and lo ensure we are trained and follow good practice. Chris Payne has led Hall Hire with a team of lay people, enabling the hall lo be available for the community. The church has held concerts throughout thè yèar which have been successful. Duly Wardens have fulfilled the role of opening and closing church, welcoming, stewarding and tidying up after the use of the building, Lay members offer pastoral visits and slay connected with members of the congregation unable lo attend church. We have a Home Communion Team, taking the reserved sacrament to people al home or in nursing care homes, in pairs. The PCC has continued lo be challenged by an ageing congregation, Younger members attend bul do so less frequently, Accessing volunteers lo open and close the church for public and private worship. using technology. managing staff. and maintaining pastoral support within the Community are Challenges for the year ahead. Th8re are signs of encouragement. Allendance, discipleshlp, a growing concern lo listen and work within Slreelly community. Some income streams have increased this year Every member conlribules their gifts lo the community of All Saints. Over the coming year we pray that we will continue lo journey together lo share God's love within the community and participate in building Gods kingdom in Slreelly. Reverend M8ndy W8lkerApril 2025 Flnanclal Summary Total Receipts reduced lo £116.892 (£123,614 in 2023) and expenditure increased lo £158,152, 1£141.282 in 2023), giving a loss of £41,259 (£17,668 in 2023>. As in previous years, day to day losses would have been significantly higher without investment income of £19,107. We have also been fortunate lo benefit from the remains of a £10,000 grant towards our heating, and have taken the final £5,059 in 2024. To cover our losses and pay for our new boiler we have reduced the balances in our Lloyds bank accounl and our deposit account and have sold inveslmenls. The lolal funds as at 31 December 2024 amounted to £515,529 (£548,687 in 2023}. This represents a reduction of £33,158 on 2023 values, and is partly driven by lower growth in investment value (£8,101 vs £27,729 in 2023). The £7k reduction in income, 2024 vs 2023, was primarily driven by a one-off change in lax reclaim timings {eslimaled impact £7.5k), and reduction in legacies1£2.5kl. offset by increases in hall hire1£1.5k). donations and appeals (£1.2k) and smaller increases in other areas. The new conlaclless donations machine raised £1.4k in its first year, offsetting a reduction of £1 k in loose plate collections. The £17k increase in costs was primarily through increases in gas payments (£11.5k), depreciation on the new boiler {2.5k), and disbursement of 2023 tree festival in 2024 {2.5k). A charity registered in England and Wales number 1134127
Page 6 ALL SAINTS, PARISH CHURCH, STREETLY Trustees Annual Report for th8 year ended 31 December 2024 {continued} Financial summary (continued) The largest items of expenditure in 2024 were common fund payments169kl, staff costs (£29k), and gas GOSts1£18.5k). We are blessed lo have the generous support of our regular givers, and a lolal of £44k was given via our Giving Direct scheme, online banking and envelopes in church. We also raised over £13k from loose plate collections, one off gift aid donations and other donations. Much of this is eligible for lax reclaim, and we will receive an estimated £12k in that way. Statutory f88s. and optional payments for our occasional services (particularly weddings and funerals) raised over £8k. Our hall is not only a ben8fil to our parishioners, and church groups, but is also an atlractiV8 facility for our communily, and we raised over £10k in lettings in 2024. As with previous years, we continued our fundraising activities, raising £8k before costs for our church, through concerts, a dog show, the Christmas tree festival and other fundraising activities. Our challenge in 2025 will be to increase income and funding and this will be the focus of the PCC, Finance Revi8w Group, and Stewardship and Fund raising team. Investment pollcy Our aim is to make the reserves of the Church work for the larger Vision and Strategy of the Parish and with Restricted Fund investments to protect the capital value, whilst generating a good return of income to reduce the pressure on the budget and help meet the Parish Share. In making investments the PCC always follow the ethical guidance of the Church of England. To minimise risk, Investments are spread over different classes and include equities, property and cash, both in the UK and overseas. Day to day monitoring is undertaken by the Investment group, who rely upon Common Investment Funds and our Investment Manager to make individual investments. Reserves policy 11 is the policy of the PCC to maintain a balanc8 on unreslricted general funds of an amount which equates to six monlhs unrestricted payments (excluding parish share) lo cover any emergency situation that may arise from time to lime. This would amount to £41,997 {£32,108 in 2023). The actual unrestricted general reserve of £7,3641£5,871 in 2023) does not meet this target. The PCC will attempt to budget lo rebuild its reserves to meet this target. We need this level of unrestricted reserves to seGure the effective ongoing delivery of our work and to invest in future developments. Approved by the PCC on .).a. -..a s - and signed on their behalf by PCC Chair.. A charity registered in England and Wales number 1134127
Page 7 ALL SAINTS. PARISH CHURCH, STREETLY INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024. I report on the accounts of the Parochlal Church Councll for the year ended 31 December 2024 which are sel out on pag85 8 to 16. Respectlvo responslbilitlos of Irustees and examiner . The PCC are responsible for the preparallon of the accounts, The PCC conslder Ihal an audll is not requlred for this year under secllon 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent examinatlon Is needed. Han9 satlsfled myself Ihal the charlty Is not subject to audlt under company law and is ellglble for Independent examlnallon, it Is my responslblllty to.. examlne the accounts {und8r secllon 14513) of the 2011 Act) lo follow the procedures lald down In the Gen8ral Dlrecllons given by the Charity Commisslon (under section 145{5) of the 2011 Act)., and to slate whether parllcul8r matters have come to my attentlon, Basls of Independont examlner's slatement . My examinallon was cathed out In accordance wllh General Directlons glven by the Charity Commls5ioners. An examlnatlon Includes a review of the accounting records kept by the charity and a comparlson of the accounts p sented with those records. 11 also includes conslderallon of any unusual Items or dlsclosures in the accounts, and se8klng explanallons from th8 trustees concemln9 any such matlers. The procedures undertaken do not provlde all the evldence that would b8 required In an audlt, and consequenlly no oplnlon is given as to whether the accounts presenl a 'true and falr vlew" and the report Is Ilmlted to those matters set out In the statement below. Indepondont examlnerfs statemont . In connection wlth my examlnatlon, no matter h88 come lo my attention. (1) whl¢h gives me reasonable cause to belleve that, In any materlal r8specl, the requirements (a) to keep accountlng records In accordance with secllon 386 of the Companles Acl 2006. and to prepare accounts whlch accord with the accounting records and to comply wllh the accounting requlrements of secllon 396 of the Companles Act 2006 and th8 regulatlons made thereunder have not been mel., or {b) (2) lo which. in my oplnlon, attention should b8 drawn In order to enable a proper underslandlng of the accounts lo be reached. Slgned Name.. Addr8SS'. 0210612025 Edwards Accountants 34 High Street Aldrfdge WS9 8LZ A ¢harlty reglslered in England and Wales numbèr 1134127
Page 8 ALL SAINTS. PARISH CHURCH, STREETLY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024. Note Unrestrlcted RtrIcted Endowment Total funds funds fund8 fund8 This year Last yfrar Rècoipts 2181 Donations and le9acies 21bl In¢om• from charitable activiti&s 21cl Other trading activities Investments £88,323 £18,804 £10,111 £18,188 £115,427 £547 £68,870 £80,825 £18,804 £15.013 £10,111 £8.768 £19,107 £19.009 £116,892 £123,614 £919 £1.466 Total R8¢elpts Paym•nts 31al Raising lund$ 8ndltur& on chadtable aclivltles £5,012 £150,574 £155,586 .£40,159 £5,012 £3,409 £153, 140 £137.873 É158,152 £141,282 .£41,259 -£17.668 £2,566 £2,566 -£1,100 Total P8 Net recel t8 1 ment8 ments before transfer Transfers.. Gross Ir8nsf9rs bèlw6en funds- in Gross Iransfers between funds- out Othèr recogn18ed galns I108Be8 Gainslloss8s on inve31menl 8ssets Gains on revalualion, fixèd assèts. eharil Net mgvgm8n¢ In lund Reconelll8tSon ol lund8 Total funds brou ht foNard Total lund8 Carrled lorwaid £81,214 £18,936 .£44,634 419,42S £19,031 £119.182 E1 $1.738 -E55.123 .£119.182 -E151.738 £5,720 £2.382 £8,101 t27.729 '$ own uso £2,141 .£1,589 33,710 -£33,158 £10,061 101,573 £103,714 £22,473 £20,884 £424,641 £S48,687 £538.626 £390,931 £515,529 È548,687 Rèprè8•ntèd by Unr8slrlct8d G•n¥ral Furnd £7,364 £7,364 £5.871 D•8lgnated D8slgnated £96,350 È96,350 £95,702 Reslricled Audio R•stricl6d £3,317 £230 £239 £3.317 £230 £3.791 £879 Cholr Reslrleted Flower Reslricled Friends OIAII Saints Garden Of R93t Rg$trictgd Fund Piano R8siric18d Fund Relrè8t Rastriclad Sanctuary Restricted Vicarage Refurbishment Youth Fund120221 £239 t441 £709 £728 £5.067 £1,254 È5,067 £250 £1,254 £5.087 £250 E262 E250 £10.346 £180 £10,346 t180 £10.348 Endowment Expendable Endowrnenl Pèrmanent Endowment £55,650 £55.650 £92.828 £335,281 £335.281 £331.813 £390,931 £515.529 £548,687 Total lunds £103,714 É20,884 Tha notes on pages 10 to 16 form part ol this account
Page g ALL SAINTS. PARISH CHURCH, STREETLY BALANCE SHEET AT 31 DECEMBER 2024 Note Asat 3111212024 Asal 3111212023 Fixed assets 6410.. Fixed Assets 6430.. CBF Inv Fund 2002S 6435.. CBF Property 2001P 6440.. CBF Global Equity 2001L 6445. COIF Property 2001 L 6450.. Canaccord Gen Fund 6455.. Weslmill Solar Ord 5(al 51b) 5{b) 5{b) 5(b) 5(b} 51bl £8,889 £78,062 £57,221 £119,928 £52,513 £179,121 £175 £495,909 £2,288 £76.316 £56,905 £138,424 £52,263 £181,836 £175 £508,207 Total Fixed assets Currènt assels 6501.. Coop Current 7880 6505.. Lloyds Current 3484 6506.. Equals Card 6510.. CBF Dgposil 2001 D 6590.. Cash in hand Z05.' Accounts Receivable Total Current assèts £20,670 £5,026 £531 £3,233 £24,407 £15,425 £700 £17,314 51bl £4,793 £62,638 £29,461 Llabllltla8 6699.. Agency collections Z04.' Accounts Payable £7,837 £2,004 £5,317 £16,841 £22 158 £548.687 Total Liabilities Net Asset surplus {defl¢itl £515,529 Reserves Excess/{deficil) lo dale Z01.' Starting balances Z02.' Gainslllossesl on inv8slm8nt assets Tolal Reserve8 -£41,259 £548,687 £8,101 £515 529 .£17,668 £538.626 £27,729 £548 687 5{b) A8at 3111212024 Asat 3111212023 Reprèsented by Funds General (Unreslricledl Designated Restricted Endowment Total £7,364 £96,350 £20,884 £390,931 £515 529 £5,871 £95,702 £22,473 £424,641 £548 687 Approved by the PCC on . .19... and signed on their behalf by PCC Chair.. The notes of pages 10 to 16 form part of these accounts
Page 10 ALL SAINTS, PARISH CHURCH, STREETLY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with FRS102, with the applicable accounting slandard (FRS102) and with the Charities Act 2011. The charity has taken advantage of the exemption in FRS102 from the requiremenls to produce a Cash Flow statement on the grounds that it is not a large charity. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial slalemenls include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation lo another body, nor those that are informal gatherings of church members. Funds Unrestrlcted funds Unrestrict8d funds are general funds which can be used for PCC ordinary purposes Designated fund is a general fund which the PCC has designated for particular purposes, It is made up of two donations, a legacy left to the church by Pal Bowker, and a legacy from Anne Bache. The former is used primarily for the repair and upkeep of the church, the church hall and ils furnishings. The latter is designated for the promotion of family work within the parish. Any surplus income may be applied to meet the day lo day expenses of the church or for any other charitable objects. The capital lo be used for expenditure on the church or church hall, or for the costs of a family worker. Restrlcted funds Income funds may only be expended on the specific object for which they were given Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. Funds generated by organisations that are part of the Church for use by those groups are kept separate from income funds. Such amounts are shown as restricted funds and are itemised at Note 9. Permanent endowment is the fund which the Trustees are obliged to invest or retain and use the capital only for the purchase of land or buildings for Church use. There is no power to use capital as income, but the income from the inveslmenls can be used for day to day expenses of the church.ILichfield Diocesan Trust 882) Expendable endowment is the fund which the Trustees have the power to convert the capital into expendable income, but without the positive duly on the part of the Trustees lo so use the funds. The income arising on expendable endowment funds may be used as unrestricted income. A charity registered in England and Wales number 1134127
Page11 ALL SAINTS. PARISH CHURCH, STREETLY NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (Continuod) Incomlng Resources Where the PCC does not invest separately for each fund, interest is apportioned to PCC Designated and Expendable Endowment funds based on the fund balances remaining at the end of year. Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource lo which they relate is received. Grants and specific funds raised are accounted for when the PCC spends the funds. Legacies and dividends are accounted for when receivable. All incoming resources are accounted for gross. Unless otherwise restflcted, all legacies are deemed to be expendable endowments. Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or conslruclive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is accounted for gross. Flxed As8et8 Consecrated and beneficed property is not included in the accounts in accordance with the Charities Act 2011. Moveable church furnishings are held by the vicar and churchwardens in special trust for the PCC and those which require a faculty for disposal as inalienable property are listed in the church's inventory, which can be inspected during the hours that the church office is open. For anything acquired prior to 2000 there is insufficienl cost information available and therefore such assets are not valued in Ihe financial statements. Equipment used within the church premises is depreciated on a straight line basis over 4 years, with the exception of the organ which was written off over 20 years. Individual items of equipment with a purchase price of £1,000 or less are wrillen off when the asset is acquired. Investments are valued at market value a131 December 2024. A charity registered in England and Wales number 1134127
Page 12 ALL SAINTS, PARISH CHURCH, STREETLY NOTES TO FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2024. Total funds General DeBlgnat¢d R•$trlct•d Endowment Th18 year Last year Re¢elpt$ 21al DonatloDS and legacles 0101 - Plannèd Glving- Bank 0110- Planned Glving- Envelopos 0201 Other planned giving 0301 Loose plate colleclioris 0410 . Giving through church boxes 0501 One-tsff Gift Aid gilts 0550- Donations appeals elc 0601 Tax recoverable on Glft Ald £36,806 £7,294 £36.806 £35.730 £7.294 £6,678 £985 £6,681 E410 £5.130 £477 £5.808 £314 £314 £2.893 £4.443 £4.994 £50 £20 £2.943 £2,416 £4.463 £3,219 £4.994 £12,573 £2.500 £5.059 £5,312 £1,392 £4.322 £68,870 £80,825 0701 Legacles 08A1 Non-recurrlng on8-off or8nt8 0901 Other funds generated Don8tlon8 and l¢g?¢1o$ Totsls £5,059 £1,392 £68,323 £547 21bl Income from charltablo actlvltlo8 1101 Slalulory PCC Fees lor weddings and funerals 1105 . Local Fees For weddings and lunera15 1221 Incorne from othèr Fund Raising aclivill88 1222 - Christmas Trees- Fund Raising 1223 . Coffee Concerts . Fund RaSsing 1231 Toddlers Income £3,272 £4,879 £2,559 £4,589 £791 £2,714 £18,804 £3,272 £4,879 £2,559 E4,589 £7,178 E791 £1,135 £2,714 £2,810 £18,804 £16,013 E3.892 Ineomo from charltable a¢tSvltlg$ Totsl$ 21cl Othor tradlng actlvltlg8 0910- Rummage Sales el¢ 1240- Church hall letlings fund raising Other tradlng actlvltles Tota18 £241 £10.111 £10,111 £10,111 £10,111 £8,527 £8.768 21dl Inv•8tm•nts 1001 Dividends £18,188 £18,188 £18,471 £919 £538 1020- Bank and building society inleresl Inv08tment8 Totsl8 £919 £919 £18,188 £19,107 £19.009 Receipts Grand totals £11 5.427 £1,466 £116,892 £123,614
Page 13 ALL SAINTS. PARISH CHURCH, STREETLY NOTES TO FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024. Totsl funds Ggnoral Doslgnated Restrl¢tod Endowm&nt Thls ygar Last ygar Payments 31al Ralslng funds 1730- Costs of fetes & other even15 £2.448 £470 £2.448 £470 £1,fj98 £395 1731 Costs ol Other Events - Fund Raising 1732 Cosls of Christmas Tree Festival £290 E2.697 £423 £1.698 £395 1733 Costs ol Concerts - Fund Ralsing Raltslng funds Totals £5,012 £6.012 £3,409 31bl Exp•ndl¢urè on ¢harltabl• actlvlt108 1850 - Charllable Givlng 1910 - Mlnlslry parish Sha elc 2001 Assistant staff costs £840 £69,144 £28,796 £1,046 £4,741 £4,087 £2,166 £1,030 £840 £810 £89,144 £67.788 £28,796 £28,333 £1,046 £1,180 £4,991 £5.240 £5,167 £552 £2,166 £1,030 2053 - Ofganlsl- 3rd Party 2101 Worklng expenses ol Incumbent 2102 - Trustee, Minlslry, Staff & Volunteer Expenses 2103 - Equals Card ExpendSlure - Mlni81ry 2104 - Equals Cgrd Expendllure W8rden8 2170 - Edu¢allon 2201 Par15h IraSnlng and mlsslon 2301 Church runnlng - Insurance 2310 . Church office . telephone 2312 Church Office - Pholocopier 2313 Church Office - slalionery 2330 . Church maintenance 2331 Cleaning 2340 - Upkeep of services 2350- Upkeep ol churchyard 2360 Adminislralion £2SO £1,080 £48 £406 £2,935 £1,247 £2,070 £1,896 £5,515 £981 £3,007 £1,353 £1,652 £508 E3,007 £1,353 £1,652 £508 £2.377 £680 £1,668 £680 £2,315 £350 £613 £1,819 £2,192 £18,520 £136 £709 £527 £2.841 £350 £613 £4,OS1 £1,205 £1,391 £2,831 £6,913 £111 £168 £1,002 £431 £968 2370- Vlsiting speakers I loeums 2401- Church running - eledri 2410 - Church runnlng - gas 2420- Church runnlng - walef 2502 - Toddlers - Expenses 2503- Cale Expenses 2601 Governance costs examinalionlaudll fee 2842 - Depreciation - Fixed Assets Expendlture on charltable actlvlt195 Tota15 £1,819 £2,192 £18,520 £116 £440 £3,491 £440 £3,491 £160.674 £2,566 £153.140 £137,873 Payrngnts Grand totals £155,586 £2,566 £158,152 £141,282
Page 14 ALL SAINTS. PARISH CHURCH, STREETLY NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 4(al STAFF COSTS 2024 2023 Salaries including payroll admin 28,796 28,553 28.796 28,553 During the year the PCC employed an organist (hours reduced by 50 % I, youth leader (Jan - Aug), caretaker, cleaner and a parish administrator. Together these costs for employees equate to less than two full time employees. 4(bl PCC COSTS There were no other disclosable transactions in respect of the PCC members, persons closely connected to them or other related parties. No member of the PCC has received any remuneration, benefit or reimbursement of travelling or subsistence. other than the Ministry Team in the normal course of their duties. 2024 2023 Working Expenses of Incumbent. Other Trustee Personal Expenses" 4,991 3,431 5,240 552 8,422 5,792 .2024 Includes Mileage, Gifts, Hospitality, Broadband, Mobile and Homeworking plus church items bought through personal cards. .2024 Includes Mileage, Gifts, hospitality and Homeworking plus church items bought through personal cards 51a) TANGIBLE FIXED ASSETS 2024 2023 COST At 1 January 2024 Additions - Boiler Disposal At 31 December 2024 59,642 10,091 58,223 1,419 69,733 59,642 DEPRECIATION At 1 January 2024 Charge forthe year Depreciation on disposals 57,354 3,490 56,386 968 At 31 December 2024 60,844 57,354 NET BOOK VALUE At 31 December 2024 8,889 2,288 BOOK VALUE BY ASSET Boiler Contactless Donations station Digital Piano 7,568 710 612 1,064 1,224
Page 15 ALL SAINTS, PARISH CHURCH, STREETLY NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 310ECEMBER 2024 Slbl INVESTMENTS Cost Markèt Value 2023 2024 2023 2024 Quoted investments CBF investment fund CBF property fund CBF global equity lund (see note below) COIF property fund Edenlree Amity lund - Isold 20201 Canaccor(S Genuily share portfolio 45,000 60,000 75,000 50,000 37,550 149,342 416,892 175 16,479 433,546 45,000 60.000 75.000 50,000 37,550 149,342 416,892 175 16.479 433.546 78,062 57,220 119.928 52,513 7fj,315 56,905 138,424 52,263 179.121 486,844 175 3.233 490,252 181.836 505.743 175 17,314 523,232 Social inveslmenl-weslmlll Solar CBF deposit funds Isee note below) Note CBF investment fund £27,000 sold In 2024 Nole CBF Deposit Fvnd £15.000 withdrawn In 2024 Movement on quoted securities Unro$trl¢tod Doslgnated Restrlctod Endowment Pormanent Total Market value 1 Jan 2024 Additions during year Revalualion profil I (loss} Sale ol investments Transfer between funds Market value 31 Dec 2024 83,622 90,327 331.794 505.743 3,520 2,199 2,382 127,0001 11.106 54.603 8,101 127.0001 1.208 2.312 8,848 94,669 3,466 335.260 486,844 DEBTORS 2024 2023 Income lax recoverable Othèr debtors 3,183 1.610 4.793 LIABILITIES Amounts lalllng duè Sn on• y•4r Accruals ol ulililies Amounts recelved In advance Agency Collections Olhei creditors 2024 2023 1,890 5,059 7,837 2,004 9,841 9,891 16,841 Amounts falllng dug after on• y•ar
P89e 16 ALL SAINTS, PARISH CHURCH, STREETLY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2024 ANALYSIS OF NET ASSETS G?neral De8lgnated Re8trleted Endowmtnt At 3111212024 At 3111212023 Fixed assets Tangibl8 Assets Inv&$imeni$ £8,889 - £2.312 £11.201 £8.889 £487,020 £495,909 £2,288 £505.919 £506,207 £94,889 £94,669 £175 £389,8e4 £389,864 £175 Current a88¢ts Debiors C8sh Al Bank And In Hand £4,793 £57,845 £62.838 t239 £1.880 £1,880 £26.474 £26,474 £1.087 £1.067 £29.461 £29.461 £239 Creditors." Amounts Falling Due In One Year £4,076 - £4,078 É5,765 - £5,785 tg.841 £9,841 £22.158 £22.158 Nèt current a8set81088 current Ilabllltle8 -£3.837 £1,880 £20.709 £1,067 £19,620 £40,480 Total a•8eti Iti8 current Ilabllltl88 £7.364 £96.350 £20.884 £390,931 £515,529 £548,887 Amounts f8I1in9 due after one year Total ngt a*•gt• l?•• Ilabllltlo8 £7,364 £98.350 £20,884 £390.931 £515.529 £548.e87 FUND MOVEMENTSVMMARY Fynd Fund balanc0• Incomlng Outgolng Tran#forn Galn• and Journal brought fOard R••oure•• Ro#oure•# Entilè• Fund balane•# Carrl8d foar Unraslricl8d G•n•ral- G•noral Fund £5,871 E115,427 £155,586 £38,132 £3,520 £7,384 Sub-lolals D8sion81ed Designated- Designated £5,871 E115.427 £155,586 £38,132 £3,520 £7.364 £95,702 - -£1.551 t2,199 £96.350 Sub-lola15 £95,702 -£1.551 t2.199 £96.350 Reylricled AucSio- Audio Restricted Cholr- Choir Rtr$liiGted Flower- Flower Re$lricl8d £3,791 £879 £441 £188 £474 .£188- £3.317 £230 £239 £849 £222 £43 -£23 Frlendy- Friend¥ Of All Saints £7Q9 £709 - Garden of Re8t- Garden Of Rest R?¥trl¢lod Fund £728 £581 -£34 £1,254 Plano. Plano Re$lfi¢led Fund Reireai- Retreat Reslricled S8ncluary. San¢lu8ry Re$tri¢ied £5,087 £214 .£214 £500 - £5,067 £250 £250 £262 t14 £202 .£14 Vicarage R8furbishmtrnl- Vic8rag8 R8furbi8hm8nl VIrtU81 Church. Vlrtual Chuf¢h Ro$iri¢tsd Youth Fund120221- Youth Fund120221 £250 -£70 - £180 £10,346 £445 - -£445 - £10,348 Su&lolals Endowmanl £22,473 £1.488 £2,568 -£489 - £20.884 Expendable- Expendable Endowm•ni P•rmanent- Permanent Endowmenl £92,828 . £331,813 39.559 £3,488 - £2.382 . £55.650 £33S.281 Sub-lolals £424.641 -£36.092 £2,382 - £390.931 Totals £548.687 £118.892 £158.152- £8,101 £515.529