Chwrity ￿gIstratIon number.. 1134214 PCC Chilwell An￿￿1 Report and Finan¢i&l Statements ftsr the Year Ended 31 December 2024 Community A¢￿￿ntIng Plus Unit 1&2 Northwesi 41 THlbot Streei NottiTh8ham NGI 5fjL PCC Chihvell Contents (eonlinued) Refe￿￿¢¢ Hnd Administrgtive Dethils Trusiees. Report 2to4 Sthtement of Trust¢es' R¢sponsibililies Independent Exwninerfs Repon Ststement of Financillj Activities 7t08 Bol¥n¢e Shttt Note5 lo the Fina￿1￿] Slaiements IOto22 PCC Chilwell Refer¢o¢e and Admlnistrative Detydilg Tryste Andrew BeckhAm John Gibbon Will Ottewell Ruth Hawley Guy Gillibr8nd Tom Rin8rose D¢lK)rah Onions Penclop¢ Wallace RY￿ Mellor Anne Willm DAwn Phblippa Clorke Rebekah Redwood Claire Tufnell Chris Brignell Robert Dixon Roger Let Judith Renton Tim Hills Rev Andy Tufnell Dawn Prin81¢ 134214 Ch*TIty Reglstr•¢loTr Numbtr Pri#cip•l Office 6 College Road Bttston Noningh N￿lInghamshiT¢ NG9 4AS IndEpeDdeni Ex*mlner John O'Brieth. ernployet of Community Accouniin8 Plus Unit 1&2 Northwesi 41 Tallx>t Sireei Nottingham NGI 5GL Community Accounting Pl Units l & 2 North West 41 TAlknI Street NottLnghwn Nfjl 5GL Page I PCC Chllw¢ll Truyteey, Report The trustees pre5eThl the knnual report ￿gether with the fin￿¢121 statements of the charity for the yeAr ended 31 December 2024. TnJ•tees ind orncerl The trustees and oificers serving durit)g the year and $in¢e the yev erbj were as follows: Tru5te¢5'. Andffw Be¢kh8m (Bppointed 18 April 2024) John Gibtxjn 1&p￿1￿1¢d 18 April 20241 Will ONewell Ruth H¥wl¢y Guy Gillibrgnd Tom Rin8rose JAnis Patterson Ire5i8n¢d 18 April 20241 Deborah Onhorb5 Penelope Wallace Ryan Mellor Anne Willmot Dawn Philipp Clwrk¢ R¢bekah Redwood Claire Tufnell Chri$ Brignell Robert Dixon Hannoh Wood Iresi8n¢d IB April 20241 Chris Jones 1tts1￿Kd 18 April 20241 Ro8er Lee Judiih R¢nton Thomgs ￿lUrph>. Iresh¥ned 16 (ktober 20241 larion MgcLk)neld IresiBn¢d 18 April 20241 Tim Hills Stephwn Scort (resigned 30 June 20241 Rev Andy Tufnell D8wm Prin8le ObJ¢ctlves and *ctlvltles Objects almi The object5 of ihc Charity we.. to advance the Chrislian faith ar￿ to pronK>ie in ihe parish of Chilwell the whole mission of the chuT¢h. The irustee5 must us¢ th¢ I￿orne. and rniy use the ¢8pital, of th¢ Charity in promotin8 th¢$¢ object5. Page 2 PCC Chilwell Trustees, Report {continued) ObJectlve4 itrnteKlts Ind ietlvlllei Athivities are organised from one or other of the two ch￿￿h of England place5 of w)rship in the pwrish. Christ c1w￿h on Hi8h Road and Si Bwnabas on Inh8m Rogd. The Chwity holds regular s¢rvi¢e5 of Christiin worship. c￿rIeS out various activities events for young people, older pcople (including some in residential ¢arel. parent5 and children, and people with pasioral and ial n¢eds. Services. event5 and Ictiviiies ￿¢ open io any person in the Lommunity, whether OT not they are re8ular worshippinB members of Christ Church or Si B￿nab￿. P4bllc b¢neJli All servi¢es and events are open to mernI￿ of the public #nd Ire mostly free of ¢haTBe at the wjini of delivery. A community outrcgch project has eKpanded in Inham Nook to Provide 5UPPOrt to ill membcT ofihe community in eollaboralion wtth g charity partn¢T. This y¢or h&8 xlso se¢n wider community even15 delivered Bound Chri51 ChU￿h. Where eventi are Charged At cosi this is Advertised in publicity material. The tru$ttts wifirni they hav¢ cornplied with the requirements of section 17 of the Chariti¢$ Art 2011 h&vc duc regard 10 the public benefii Buidance published by the Charity Commission for Engl￿d and Wales. A¢hltvtmenti and perfom*net The Charity alm5 to minis¢er io w¢i818nd spiritual needs. The Charity ha5 Welcom￿ more people io seThi¢es this year and seen 8r0￿h in it's work with children and young people. The Hope Cornmunity Hub at Si Bamabas chur¢h 0$ port of ihe charity. hL8 continued lo provide 5er¥ice5 through the various clubs and ￿h¢Me9 it njns. A number of addiiionol s¢rvi¢e$ and 8n)ups h&ve started thrnugh the Hub. focus$ed around wtllbein8 of young p¢<)ple. The Community Hub ¢ontinues io b¢ rtto8nised by 10¢81 coun¢il$ ￿ a well run 8nd utilised resource. attr8ctiri8 grani funding. Cven when Th)1 specifically seeking il. The hurch illvolvcd with a number of lo¢¥l s¢hoDls. providing 5UPPOrt aThd materia15 10 5UPPnrt learning. There has been gr0￿h with fimcr rooiing of & New Worshipping Community. known Is "The Orchard" and Start of a cornmunity bAsed projeci ktw)wn as "Love Chilw¢ll" whi¢h seeks to panner with local orB8nisations and the wider community through smaller ¢am￿l￿n$ and fuiurt wider projecis. The initiol cranpaign provided Christm&s gifts to over 400 residents of local c￿e horncs. AS we seek 10 "Spread loy and Share Hope.. In 8ddition to its work in the pirish of Chilwell the Chan'ty •lso provides financi81 and other 5UPP)rt Io numbcr of individua15 And organisaiions. These ￿¢ approved by the Injslees from time to lime. and the churehe5 r¢ceive iThforn8tion to en8ble 5UPPOrt and prnycr. A mor¢ delailed description of achievement5 in thc rew)rting period is provided in the parish Annual Review which is pre5enied io the onnuwj ¢hur¢h rneetinls. copiej thre &vailable ort request io the pansh office Fkn*ncl*l revlew Revenue costs ￿ro$S the ch8rity remain fairly balanced and the charity 15 in sound ftnancial position. Pollcy on re5erve5 The majority of re¢eipis are monthly. then quarterly leg gift aid c13imsl. We therefore need between l I month5, rescrvcs. The reserves li the yeor end are wiihin tjiis iwgei. The level of r¢5¢rv¢5 1$ reviewed muliipl¢ times within a n￿Ath by the Treuurer. who is a T￿￿1£¢. Ind reported io TNsiees ￿ regular meetings. Plge 3 PCC Chilwell Trustees, Report {conilnyed) Structiire* 8overn4nce #nd m*n*gerne41 No14re oJxoverNln8 documeni The Charity i5 controlled by th¢ Parochial Church Council Powers Me&%ur¢ 119561 a5 amended and Church Representation Rules, and consiiiute5 an unincorporaied charity. Tnjstees are ex officio and elccled membcT5 of ihe Parochial Church Council I-PCVI. Orz4n15oilon41.¥irurtur¢ New elected membcT5 are appointed at eh¢h Annual General M¢eling for a lemi of ihree years. and in-line with the siz¢ of OUT Electoral Roll. Ltp lo 15 elected members can be apw>inted. Each year, ai least the number nearest to one.Ihird of Ihe elected places li.e. 51 m￿s1 be relinquished each ycar for rensibl¢ for 5afe8uarding Ihe wsets of the ¢hArity and hence for tsking re&qonable 51ep5 for the preveniion and dete¢iion of fraud 80d other irregularities. The trustees ore re5w)n$ible for ihe mairttenaTh¢e and integriiy of the ¢orpor•ie and financial infomation included on thc chariiable company's web511¢. Legislation ¥overninB the preparation and di$5emixation of rin4n¢ial stLt¢ments miy differ from le8i514lbon 111 other jurisdictions. Approvtd by the truste¢s of the chority on on ils behalf by: Rev Andy Tufnell TNsiee Pa8¢ 5 PCC Chilwell Independent Examiner's Report to the trusteej of PCC Chilwell l•dep¢ndent examiner's report to iht frnjtees of PCC Chllwell I repon 10 ihe inisiee5 on rn) examination of Ihr &c¢ounts of PCC Chilw¢ll (the Chgrityl for the year ended 31 Lkc¢mb¢r ?024. Responsibilitlts *nd b•s1J of report As the irusiees of ihe charity Jou ire responsible for the preparation of th¢ Bmjunts in accordattee with the uirements of the Charities Act 2011 I'th¢ Act'}. l Tepon in Tesped of my examin&lion of iht Charity's ac¢ounis ¢8ryi¢d out under section 145 of the 2011 AL1 and in carrying Ollt my examinalion I have followed all the applicable direclions 8iven by the Charity Commission under $eciioD 14515Mbl of the Act. lTrd¢p¢ndent ex*miner'y ytatement Since lh¢ Chwity's gr05s income exceedtd £250.000 your exominer must b¢ g member of a body Iisied in s¢ciion 145 of ihe ?0 I l A¢1. I that l am qualified to undertake the examination because l am a member nd Fellow of thc Asso¢i&tion of Chariry Independent Examiners. which is oxe of ihe li$ied bodi¢s. I hove completed my exarnination. l ¢onf¥mi ihai no mhtt¢rs hAV¢ com¢ to my attention in connection Wbth the ex8min81ion giving me cause io believe that in any maierial respeci.. accounting word5 were not kty in resperf of the Charity as required by J¢ction 130 of the Act: or 2. the a¢COLknts do not accord with those records; or 3. the accounts do noi ¢omply wtth the ￿¢Ou￿ting requircmenig conceminB the fonn and Content of accounts Sei oui in the ChaTiiies IA¢¢oynts and Reports) Re8ulations 2008 othei ihoD Any r¢4uirement thal the wunts 8Lve a'true and view which is I￿1 8 mwlter considered a5 Part of independent examtnption. I havc M ¥on¢ern$ and h4v¢ ¥om¢ aeross no other maiters in conneciion wilh the ex8rnin¥lion to which attention should be drawn in ihis repon in order to enable a Proper understanding of the ocwunts to be reached. ffj'Bricn Msc. FAIA, FCIE. employee of Comrnunity Accounting Plus Fellow of the A55ocialion of Charity Independent Exsminers Unit 1&2 Northwest 41 Tlllbol Street Nottbn8ham NGI 5GL Date.. 1310512025 Page 6 PCC Chilw¢ll Statement of FiD4ncial Activilie5 for the Ye*r Ended 31 December 2024 Total 2024 Tol•l 2023 Unrexlrieled Restrlcted Ineome *nd Endown)¢nts from: DoDations and Ic¥acies Chm"tsble activities Other trading &ctivili¢s Invtstment income 316.541 2.457 19.01.1 7.554 316,541 67.438 19.013 7.554 520.320 85.965 23.017 509 64.981 Tol•l Incorne 345,565 64,981 410,546 629.811 Expenditure on: Chjrithble activilies 62,552 143.7.2.181 {4.14.554} Totyl ExpendiThre N¢1 w￿Vement in fvnds 1370.6861 162.5521 143.1.2.181 14.14,5541 {25,1211 2.429 122.6921 195,257 R¢eonelll#tlon of fundg TOMI funds brou8hi fonvard TOMI carried fontyard 929.997 22,232 952.229 756.972 904.876 24.661 929.537 952,229 All of the charity's activities deriv¢ frnm ¢otttinuin8 operaitons during the aEove two periods. The fvnds breakdowil for ihe periiMJ 15 Shown in note IS. The notes on p4es 10 to 22 fomi an inie8Tal part of these financiAI sraternents. Pa8e 7 PCC Chilwell St*lement of FiDanci41 Activiiles for the Year Ended 31 De¢ember 2024 (eontlnued) They¢ •r¢ th¢ n¥ur¢s for th¢ previous *¢touThilni perlod and ire 1￿clUded for eomp*r*tlve purpose8 Totil 2023 UDrestrlcted RutTlded Not¢ IDcom¢ A Trd Endowments frnm: Lk>nations and legacie5 Charitable aetivilie5 Other trading wlivili Invesmieni in¢ome 520.320 6,209 23.017 509 520.320 85.965 23.017 509 79.756 Toial Income 550.055 79.756 629.811 Kxpendltyre on: Charitable a¢tivit1¢5 1371,9881 62.566 434.554 Total Expenditure 62.566 434.554 Ncl income Gross traThsfers between funds 178,067 291 17.190 1291 195.257 Nct movement in funds 178.358 16.899 195.257 Retonflli•tlon of I￿ndS TolNI funds brou¥hi forward 751.639 5.333 756.972 Toifftl funds ¢attied forward 15 929.997 22.232 952.229 The t￿¢5 on p￿¢$ 10 ￿ 22 fomi wn integrnl p&rt of these financial 5tstements. Pa8e 8 PCC Chilwell (Registration number: 1134214) Balance Sheel as al 31 D¢¢ember 2024 21124 202J Note Flxed AJsetJ Tangible assets 10 470.685 470.685 Curreni ￿￿ets Debtors C&yh at bank and in hand 16.049 446.280 35.825 457.028 462.329 492.853 Credlton: Amounts filling due wlthin one year Net curreni issets 12 3.477 11.309 458,852 481,544 Net Ajlets 929.537 952.229 Furtth ofihe th*TIty: Restrfcied 24.660 22,232 Unrestricted Income fund Unre5trid¢d 904.876 929.997 Toial fundj 15 929.536 952.229 ¢ fi ancial staiements on pa8e5 7 ￿ 22 were Approved by the In￿1¢¢9. and a￿hOrISed for itsu¢ on and si8ned on their ￿haIr by: Will O¢t Trustee The notes on pages 10 ¢0 22 fomi an inie8rn1 pan of th¢5e financial sts*ments. Ph8e 9 PCC Chilwell Notes to the Fin*nei*l St*tementJ for the Year Ended 31 Deeember 2024 Aetounllnz politles St*ttment of rompll•nf¢ The financiol siolements have been prepAred in 8¢¢ordance with the second edition of the Charitie5 Statement of Recommcndcd Prn¢iic¢ issued in Ociober 2019. Ihe Fin4n¢i81 Rew)rting Standard applicable in the United Kingdom Dnd Republi¢ of Irel•nd IFRS 1021 and the Chaniies Act 2011. B*$lJ of pr¢pAr*tioD PCC Chilwell rnect5 the definition of a public benefit cniity under FRS 102. Assets and liabilities ￿¢ initially recogt)ised ai historical cosl or tr￿S&¢I10n value unle95 otherwise ststed in the relevmt p¢countin8 wli¢y notes. Eiemptlon from pttpirln8 • ¢•$h llow il*temtthf Under the ¢xcmpii()n available to smaller chariiies ihe Board of Trust¢e5 has Chosen not ￿ include a Sthtement of Cwh Flow5 Wlthin thc fiN8n¢iil sthtements. Golni tvnetrn The fina￿1￿1 51atements hav¢ been prepared on w 8oin8 concem basis. The trustees assess whether the use of soins Concern is appn)priate i.e. whcther ihere are ony material U￿ertaInl￿es related to ¢V¢niS OT ¢ondilioThs thai may chst significant doubt on the ability of the charity to coniinue Is a 8oin8 concern. The tru$i¢es m4ke this &sse55mcnt in respect of g period of oThe year from the date of approval of the finaneial statements. Ch*n¥¢J In acrountlni pollty The fixed a5selS of land 8nd byildin85 p)licy hffts changed from the insured value io ihe earliest ovailable record for viluation on the bal&n¢e shttt. Ifvtomt #nd ¢Ddowmtnts Vulunthry inLome includin8 donations, gifts, le8acbe5 and granis thai provide core fundinB or Are of o gener81 naturc is re¢owi$ed when the chhrity entitlement to the income. it is probable lh￿ the income will b¢ reeeived and the amount ¢on be mea5urcd with suffiiieni reltability.. lknnatkons and legaLies re￿gnISed on a receivAble basi5 whEn rtceipt 1$ prob8ble and the *mout)i can b¢ reliably measur¢d. Grnllts recelv4Yble Gran¢S are re¢o¥nised when the rhhriiy has an eThliilement to the funds and any condiiion$ lithk¢d to thc gTrnts have been m¢¢. Where pcrfornl￿cC CODdilhon5 are at￿h¢d io ihe gr￿t and Ire yd io be met. the income is recognised 4$ J Itability and included on the balgncc 5h¢ci as deferred income to be released. Glfl 4ld Incoming resources from lax rwl8im$ sr¢ included in the Ststement of Financi41 A¢tivities 81 the swne rime as the gift io whi¢h th¢y relaie. P88¢ 10 PCC Chilwell Notes ¢0 the Financi41 Statements for the Year Ended 31 December 2024 (eontinued) Expendlturt All expenditure is re￿￿niSed once lh¢￿ is h legal or Constructive obli8atioTh to th&t expendilur¢. it Is probable sertlemeni is requi￿d ond Ihe amount can be Mr￿Ured ￿liablY. All costs are allocat¢d io ihe applicable expendiiure heading that aggresatC5 5irnilar cost5 to thai category. Where costs cannoi be diredly attributed lo P#fti¢ulw headings they have been 8llocai¢d on a basis consisieni with the use of resource5, With ¢entral sthtT costs allocaied on the basis of time 5PtThl. and depreciation charges all￿al¢d on ihe ponion of ihe assd's use. Other 5UPTX)rt costs dre alloc4teil based on the spread of stsff costs. CknrliAbl¢ 4cilvliles Charitable expendilure comprises i￿)$¢ costs Incurred by ihe Charity in the delivery of its activities and %rvi¢es for its beneficiariu. It includes bDih ￿$ts thai ¢an be 4lloch*d directly to such activitie5 ¥nd thoge of indir¢ci naiure necessary 10 $upp)rt ihem. Grnntprovtslons Provisions for 8rants are made when the intenlion to make a 8rani has been communichted ￿ the re¢ipi¢ni but thtre is uncertainty about either the timing of ihe grani or the Amouni of 8Tznt payable. Gov¢rnm¢nt gr*•t$ GovcrnmeThl 8rants are rec4)8nised b￿ed on the accrual model and &rc measured at the f¥ir value of the Assei rtteiv¢d or re¢¢ivable. Gronts &r¢ classified as relatin8 either lo revenue or to assets. Grants relating io revenue ar¢ r¢coBnised in in¢ome ovcr the period in which the relBl¢d ¢osts are recognised. Grants relalin8 to assets are rewgnised over the expected life of the usel. M'h¢re p•n of a grani rel6rin8 ￿Set 15 deferred. it 15 re￿￿nISed &5 dcferred income. Taxation The charity is Considered to P￿5 the tests sel out in Parograph I khedule 6 of the Finance Act 2010 and therefore it mccts the definition of a ¢haritable company for UK corw)Tation IBX purposes. A¢¢ordin8ly. the Charity is ￿tentiallY exempl from iax81ion in respeci of incomc or capital 8airks reeeived wiihin ¢aiegories covered by Ch8pler 3 Pan I l of the Corporation Tax Act 2010 or Se¢tion 256 of Ihe Taxation of cha￿¢&ble G4ins Aci 1992. 10 the extent that such incorne or 8aiTh5 are ¥pplied exclusively to ch&rit*ble purposes. T*n%lblt Ilxed *Jsets Christ Chur¢h ChU￿h Hall is included in the Balance Sheet as 4 Fixed Assth. No provision 15 made for deprttiation. The valut ￿er]bed lo the Church Hall is the urliesi Availfftble record value of £470,684. Trade debtorB Tride debtors &rt amounts due from ¢wlomers for mer¢handise sold or servi¢u perforn)ed in the ordiTh*ry of busine5$. Tr•de deb￿r5 ore recognised iniiiAlly at the trnn$￿tiOn pnc¢. They 8r¢ subsequently measured ai amort15ed wsi using the ¢ffe¢tive interest mdhod. Icsx Provision for impairm¢nl. A provision for the impai￿en1 of d¢biors is ¢stsblished when iherc is objective evidence that ihe Chgriiy will noi be gble to collect all 8mounts due ac£ording io the 0ri8inal ierms of th¢ r¢¢eiv•ble5. Cash cAJh tqulw*ltnts C￿h and ¢*5h equivalen¢s comprise c&sh on hand and call deposits. and other shoTI-tern highly liquid investments that art regdily convertible to a known amount of cash and wr¢ 5ubj¢¢t lo ￿ in$ignifi¢Ani risk of ¢hkngc in vDIuc. Pa8ell PCC Chilwell Notes to the Fin80¢141 Statements for the Year Endtd 31 December 2024 l¢onlinued TrAde fredlton Tr&d¢ crediiors are oblig•iions io ￿Y for goods or servires thal have been a¢quired in th¢ ordinary course of business from suppliers. Accounts payable ore Classified a5 curr¢ni li8biliiies if the chariry doe$ not have on un¢ondilional righi. ai ihc cnd of the rerx)ning period. lo defer settlcmcni of the creditor for 91 least hvelve months ofter the re￿rlIn8 dai¢. If ihere 15 hn uncondiiional right ￿ defer sertlemeni for at least h¥elve months fter the reporting date, they ore pre5cnled ￿ non¥current liabililie5. Trade ¢reditor5 gre T¢¢O8nised initially Bt th¢ tr4n$ortion price subsequently measured At amorti5ed wst using the effective in*resi method. F￿nd $trnttUTt Vnr¢siri¢tcd income funds are Benerni fund5 that we available for use at the twsiees, discretion in furtherance of the objectives ofthe Charity. De5i8n8ted furbds tre unre$tri¢t¢d funds resouwes get aside for specific puryoses At the discr¢tion of the trust¢es. Restri¢ied in¢ome fvnds are tho% donated for use in a p4rticulAr arei or for 5PXLfi¢ purposes, the of which ii ￿strIded io th&1 or purpose. Pensloni *nd otber p￿¢ retITrme￿¢ oblig•tlon$ Thc charity op¢rates a defined benefit pension scheme for employtts. The assets of the xheme are held separdtely from ihos¢ of the charity. PensiOlI ¢OSts ¢harge5 in the Statemeni of Fin￿Cial Acliviiies ttpresent the ¢ontrihuiion5 payable by th¢ charity during the year. 2 Income from donxilonj Ind l¢g•¢i¢$ Ilnrtstrlfted funds Desl%n*ied Gtn¢rAI Tot*1 2024 To¢•1 2023 Donations and leg￿1¢$,. th)naiions from individuals Lexocie5 Gift Hid re¢l8imed Grants, including chpital 8rants.' Govcrnmcnt grnnt5 Other in¢ome frnm donations &nd legacies 665 257.017 257.682 260.271 198,465 54.593 6.991 4.500 54.359 58,859 .$,165 311.376 316.541 520.320 PA8e 12 PCC Chilwell Notes to the Finaneial Statements for the Year Ended 31 December 2024 (continued) 3 Income from eh*rlt*bl¢ •etlvltles Unreitrlrt funds Gener*1 Re*trlcttd f￿ndS Totsl 2024 TDt•l 2023 trc fees Sundry Grnnts don8tion$ FwThdraisin 1.107 1.350 1.107 8.709 57.622 2.384 7.649 75.401 531 7.359 57.622 ?.4.$7 64.981 67.4.18 85,965 4 l*eomt from oihtr Iradlni irllvitl UnrtstTlrted funds G¢ner•l Tolql 2024 Toial 2023 Pmperty r¢nt81 incom¢ 19.013 19.013 19.013 23.017 5 InweitrneDt Inetsme UThrntri¢ted fundx GentrAI Total 2024 Tot•l 2023 Interesi r¢¢eiv8blc and similar income,. Intcresi fe¢eiv8ble on bank deposits 7.554 509 Pa8e 13 PCC Chilwell Notes to the Financial $4t4temeDts for the Yexr Ended 31 December 2024 (continued 6 Expendltwre ¢h•rft•bl¢ •rtlwiileJ Ilnrestrltted funds Desl¢n•led CeneT*I Restrlcted funds Tot•1 2024 TotAI 2023 Outward givin8 Parish sh￿¢ Staff expen5e5 Wages. Nl & pensions Recruitmcnl Sundry ¢xpen5ex Ministry G¢nerhl office expen%$ In5urnnce Runnin8 Costs Premises 24.663 2.827 28.490 148.584 4.067 132.196 148.584 4.067 84.967 144.204 47.229 103.676 66 364 15.528 6.558 3.989 364 ?1.281 12,426 3.989 25 5.728 5.86B 17.517 13.282 53.962 27.849 11.500 2.972 27.849 12.4¢)0 2.972 14.053 9.019 Hall costs Professionol fees Major work$ 37,072 438 37,510 48,444 61,760 308,926 62.552 433.238 434.554 Page 14 PCC Chilwell Notes to the Finanei*l Stalements for lh¢ Ye*r Ended 31 Drfember 2024 (Continued) 7 St•tf eogts The a88re8&te payroll ¢o$ts were ￿ follows.. 2014 2023 St•fT ¢osts during the ye*r wtre: w￿¢$ and salaries Social security costs Pension costs 125,505 2.748 3.94.I 102.421 173 3,082 132.196 105.676 The monihly averase number of persons linc]L￿ing s¢nior man88emeni ieaml employed by the charity durin8 lh¢ year wa5 a5 follow5.. 2024 2023 Avevage number of people employed. 7 (2023- 5) of ihe above employ¢e8 P&rti¢ipated in the tkfined BeThefit Pension Schemes. Contributions w the employee pension schemes for the y￿r ￿ts11¢d £3.94212023- £3.0821. No employtt ￿£¢IVed emolumen￿ ofmore than £60,000 during the ye Indepetsdetst ex*mlNtr'$ rrt¥ Durin8 the period. the fees pBy8ble lex¢ludin8 VATI to the charity's independent examiner CommuThity Accountin8 Plus are analysed 05 follow5.. 2024 2023 Independent exarninalion 925 835 925 8.15 9 TAxAtlon Tht charity 1$ a r¢gi5t¢r¢d ¢hprity pnd is therefore exempt from ￿ation. Page 15 PCC Chilwell Notes to the Financial Stalements for ihe Year Ended 31 December 2024 (continued) 10 Tinglble fii¢d •$iets L4Dd •nd buildinp Total Ar l Janupry 2024 470.685 470.685 At.I l December 2024 470,685 470,685 DepreelHtIoTh Ai 31 Decembcr 2024 Net book vilue At 31 December 2024 470,685 470.685 Ai 31 December 2023 470,685 470.685 Included wiihTrn ihe nei IK>ok v?lue of larwj Bnd buildin85 aFK>ve is £470.685 (2023 - £470.6851 in ftspect of freehold Ignd and buildings and £Nil I2023- £Nill iTh respeci of le￿hold5. I l Debtors 2024 2023 Trade debtors Prepaymenis her debtors 35,825 3.198 12,851 16.049 35.825 Page 16 PCC Chilwell Notej to the Finineial Stfitements for the Year F.nded 31 December 2024 {continued) 12 Credlton,. Imounts f*lllni due wlihin one ye*r 21124 2023 Trnde creditors Other laxation And 59cial s¢curity Other crediiors A¢¢rualJ 720 1.189 405 6.915 577 3.817 3.477 1.309 13 Trn$t¢es remuAer*tion and txptnieJ No irustees. nor any persons conneeled with them. hive re¢ekved any rernuntration frorn the charity durin8 ihe No trusttts have received any reimbuT5ed expenses from lh¢ ¢harity during the year. 14 An*lysh ofnrf ilsets brfween Tot#1 fund# #t JI Detember 2024 Unrestrlrted funds G¢n¢r•l Rtstricttd fund$ Tkn8ible fixed z55ets CyrreThl Lssets Curr¢ni liabilities 470.685 83.-107 11.4781 470.685 462.-129 J.478 354.362 24.660 Total net a55ets 550.514 354.362 24,660 929.5.16 Total funds xt 31 Decembtr 21123 Ilnrestrlcted funth GeTherAI Dulgnited Rutrhcttd fuDds T￿SIble fixed assets Current Isscts Current liabilitiej 470.685 59,66.1 111.-3091 470.685 492.85.1 111.3091 410.958 22.232 Total nct a55ets 519.039 410,958 22,2.12 952.229 Page 17 PCC Chilwell Notes to the Financial SIAtements for the Year Ended 31 December 2024 (continued) 15 Funth B•l*nce qt 31 Decernber 1024 B4lince •1 I JAnu4ry 2024 Incomlfvi resourcej Reyotsrces expended Tnnif¢rJ Vnrestrleted funds GeMer41 Chrisi Church Christ ChuTch.. Coptthl Fund Si Barnabas.. General Fund 305.253 1274,0851 3.499 83.022 470.685 10.228 470.684 5,984 35.148 134.842 3.938 525,023 340.401 1.108.9271 7.438 563.935 Deslgh4ied Christ Church.. Resource5 Fund Si Bornabas.. PCC Vision Fund Ceilin8 Fund Chri51 Chu￿h.. Outwhrd Giving Christ Church Support Fund Christ Church Flower fund Ix¥acies 27.SOO 127.Sl)01 25.984 25,984 4.5(H) 1562) 13.938) 1.936 766 323 348.465 665 124.663) 1251 24.000 1.938 741 323 311.955 36.5101 404.974 61,7601 17,4.18) 340.941 Toi*l unres¢rleted f￿ndS 929.997 345.566 1370,687} 904.876 Resiricted fundy Siratigic DevelupmeDI Fund Christ Church.. Men's Group IntCrn5hip St Barnabas.. Kids & Barnies Chrisi Church Gifts St Bamabas.. Gi115 Community Proj¢¢t Lovcchilwell 4.537 107 1.600 432 599 655 47.750 147,2291 5.058 107 2.(￿0 432 179 655 IS.457 772 41)0 1.058 11.478} 112.4961 (1.1491 2,121 Toi*l restrlct¢d futsds 22.232 64.980 62.5521 24,660 Total fvnds 952.229 410,546 43.1,2.19) 929.536 Pa8¢ 18 PCC Chilwell Notes to the Financial Stalements for the Year Ended 31 December 2024 (continued) B*lHTrc¢ •1 BAl*nft It I J*nu%ry 2023 Re50ur¢e5 expended De¢embtr 202J reJources Tnnsfe U•restrleted GeneMI Christ ChU￿h Chlisi ChuKh.' Capithl Fund St Bam&bas: General Fund 61.217 470.684 10.884 289.408 1278,2701 {24.0001 48.355 470.684 5,984 31.079 iJl.172) 14.8071 542.785 109,442 28,807 525,021 DeslKnale4 Christ Church.. Resourcei Fund 51 Barn¥b85'. PCC Vi510n Fund Ceilin8 Fund Si BarnabBs'. Coffee Fund fhrisi Chu￿h.. Outward ryiving Christ Church Supwrt Fund Christ Church FI0￿r fund Lesaeies 30,000 (2.5001 27.500 2S.984 25.984 30.573 {35.725) 5.152 1541 54 1,451 1.042 323 150.000 530 124,045) 12761 24.000 1.9.16 766 198.465 748.465 208.854 229.568 162,5461 29,098 404.974 T•tal unr¢strl¢i¢d funds 751.639 550.055 371.988 291 929.997 Resfricttd Siratl8ic Devclopmcnt Fund Chri51 Chu￿h.. Men'5 Group Internship Si B8mabas'. Kid$ & Barnies Si Bamabas". Kitchen Fund Christ Church Giftl St Barnaba5'. Gifts Community Proje¢1 59,698 {55,161) 4,537 107 107 1.600 1.600 432 432 291 343 235 3.925 1291} 256 420 17.732 599 655 17.4051 Total r¢J¢rict¢d fund$ 5.333 62.566 291 22.232 Toi*l fundi 756.972 629.811 1434.5541 952,229 Page 19 PCC Chilwell Notes to the Finxnci*l Statements for the Ye*r Endtd 31 Dectmber 2024 (continued) The specific purposes for which the are to be applied we as follows.. Christ ch￿￿h Resour¢¢s Fund Id¢signatedl- 8110¢gi¢d by PC'C io partially finan¢e fu￿re stro1¢gic initialives. Oyrw8rd Giving Idesignatedl - allocated by PCC from ending of aTh ouiward 8iving ¢omrnklm¢ni for futtlre spending and ot)e (?ff ¥ivin8. Flowers Id¢$i¥natedl- allo¢aied to money donated and used for flower arrangements. Legacies lunresirictedi- l¢gacies whi¢h Althou¥h noi lechnieally restricted. have a requir¢meni for agreement on spending from within ihe Trustee IA)dy. Mens Group Fund Irestrtct¢dl- monie5 r¢ceivd and payments madE by ihe mnthly Mens Group medirb8S. Support Fund Idc5i¥natedi - allocDted from a general ¥ift io provide $upport fund to vulnerable within the ommunity. Community Project Furtd Irestrictedi - 8raTht and sift funded io pmvide ￿mmunity OUtr¢￿h to vulnerable familie5 Wlthin Ihe phri5h. Strnle8iC tkvelopment Fund Irestrictedl- grnnt funded stalTing costs. Gift fund Ircstrietedl. variou5 gift funded. specific fund raising effofts ¢0 chvity pArtner5. Love Chilwell Irestrictedl community. community eD8aBemeni fvI￿ for projects 4nd campai8n5. dothation5 from Si Barnabos PCC visio￿ Fund - glI￿lIed by PCC to parti*lly finance future 5trat¢gic initi&tivey. Building Fund Idesignatedl- money held by the DCC for 5pecifi¢ buildin8 works. DCC Fund Ide518n8tedl - Ihis is the St Bamaba5 8eneral income expendityre in year, counted os desi8nat¢d for ihe purpose of Ihe consolidkied hccounl5. Coffee Fund - Idesignaiedl - money received by the DCC from refreshments provid￿ on Sundays: to be Spent on supplte5 os requir￿. Bllocaled by PCC to partially finance futur¢ str&tegic initiatives. Kid5 & Bami¢5 Fund Ir¢Aifi¢¢edl monies held for use on 'Bornics' children's ¢lub. plus a £100 donation to enable Ihc purcha5¢ vf¢hidren5 bibles. Ceilin8 Fund - replaccmenl of Ihe ceiling. insulatin8 And ￿her works. Food Bank Fund Ire51ri¢iedl- restricted re¢eipis lo fund food bank 01 St Barnabas. Kitchen Fund Irestri¢i¢di- restrhcted receipts to partially finan¢¢ fabrie and f¢Jmiiure costs. Lottery Grnnt Ir¢stri¢tedi- restricted fund received Io supp)fl wider community pmject. The transf¢r frorn Ihe Re3oyr¢es fund aTKI the Ceiling Fund to the General fund reflects ihe Telew of any re51ri¢1ions on the use of these fund5. Pase 20 PCC Chilwell Notes to tbe FinAncial Stalements for ihe YeAr Endtd 31 December 2(b24 (CODtinued) 16 Penilon And oih¢r sfhemey Defined b¢n¢fit penslon schemes PCC Chilwell participales in the P¢n$ion Builder S¢heme 5¢¢1ion of CWPF for lay sthtT. CWPF is admini￿ered by the Church of En8land Pensions Board, which IK)Ids the CWPF assets s¢pmt¢ly from th05¢ of the Employer and oiher pffti¢ipaiing employers. CWPF ttwo serthons.. l. Ihe Defincd Benefits Sch¢m¢ 2. ¢he Pension Buildcr S¢hem¢. which h&8 hvo sub5e¢tiorts: a. p deferred annuity section known as Pension Build¢r Cl&s9i¢. and. b. * ¢ash bal8n¢e s¢dioD known w Pcn5ion Builder 2014. Pension Builder khcme Both scrtions of the Pension Builder Scheme classcd As defined benefii xh¢me$. P¢hsion Builder C.l&ssi¢ provides a pcn5ion. *c¢umulaia from coniributions paid convened inlo a deferrcd anftuity during employmeni based on terns sel and rcvicwed by the Church of England P¢n5ions Boprd from lime to time. Discretionary increases MAY 9150 be added. dependin& on investment reiums And other f￿￿r5. Pension Builder 2014 15 1 Cash balantt scheme tho1 pmvides i lump Sum which membef5 use to provide benefiis ai retirement. Pension conlributions recorded in 8n a¢¢ouni for eo¢h member. DiscTe¢ionary bonuses m•y be added before rrfirement. d¢p¢nding on investment return5 and other factors. The a¢couni, plus any uses declared 15 paywble. unredu¢ed. from 65. There is no S￿￿1VIsion of assets between employer5 in each section of the Pension Builder Scheme. The scheme 1$ considered io be a rnultiry¢rnploy¢r scheme H5 described in Scriion 28 of FRS 102. This is because Lt is not possible 10 attribuie ihe Pension Builder Scheme'5 ￿se15 and liabilities lo spccifir employers ond means that conlributions ￿¢ a¢Eouni¢d for as if the S¢heme were a defiThed conlribution 5cherne. The pensions Losts ¢har8ed lo thc SOFA in the year are the Contribulions payAble 12024.. £.1942. 2023.. £21331. A ¥al￿allOn of the Pension Builder S¢heme is ¢Attied oui once every three year5. The m05¢ T¢ceni valuation w carried out as at 31 Deccmbcr 2022. For the Pension Builder c.lassic se¢tion. the valuation revealed a Surplus of £14.8m on the ongoing assumptions used. Al th¢ rnosi rereni aTrnuAI review efTeaive l Janyary 202S. the Board chose io 8rani & discrelionary boThuJ of 6.7•/• to both pensions not yel in paymcnl and pcnsions in poym¢ni in resp¢¢i of $ervi¢e prior In April 1997; and o ￿nu$ on pensions in paymeThl in re5pecl of post April 2006 service so thai the ￿nSion in¢re￿¢ was 2.7Q/• (where ysu¥lly it would be caleulated based on inflation up to 2.5/•1. This followed improvements in the fiA)din8 Position over 2024. There is no requirement for deficit payments at the Cufrent tim¢. The next valuthti¢)n 1$ due u ai 31 December 2025. For the Pension Builder 2014 5eclion. thr valuation revea]ed & SUTplus of £8.5m on the ot)goinB hssumption$ u*d. Th¢r¢ is rK) requirement for deficit pgyments ￿ the current lime. Page21 PCC Chilwell Notey to the Financi41 Statements for the Year Ended 31 December 2024 (continued) 17 Rel•ttd p*rty irHnJArtloTh* During the ytgr the charity the following related porty tr8nsJctions'. L*urJ Ottewtll IRclated io Will Ottewell ITru51ee)I Receiv￿ rernuner8iion irb the period of £822412023.. £1.326I. Ai the balance sheei dale the wmouni due tolfrom Laur# Ottewell w £Nil12023- £NFI). L•ur* Betkh•m (Wife of Trusiec Andrew Beckhllml RelBtin8 10 nii55ionary hctivitie5 in South Sudan £25. Ai the balance sheei d&tt the wnount due tolfrom Laura B¢ckham wa5 £Nil12023- £Nill. Pa8e 22