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← The Parochial Church Council Of The Ecclesiastical Parish Of St Michael And All Angels, Sandhurst

2024-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Diocese of Oxford

Parish of St. Michael and All Angels, Sandhurst

Charity number: 1134547

TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS

of the

PAROCHIAL CHURCH COUNCIL

for the year ended 31 December 2024

Contents Pages
Trustees Annual Report 2
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 Notes to the Financial Statements 11

St Michael’s Pastoral Centre, Lower Church Road, Sandhurst Berkshire GU47 8HN Tel: 01252 873030 Fax: 01252 878289 Email: office@stmichaels-sandhurst.org.uk Web: www.stmichaels-sandhurst.org.uk

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Trustees Annual Report

A Legal and administrative information

St Michael and All Angels Church, Sandhurst is registered as a charity with the Charity Commission (number 1134547). Details can be viewed at http://www.charity-commission.gov.uk.

Location:

High Street, Sandhurst, Berkshire, GU47 8HP

Correspondence address:

The Parish Office, St. Michael's Pastoral Centre, Lower Church Road, Sandhurst, Berkshire, GU47 8HN

Independent Examiner:

Mrs. Kate Black. 27 School Hill, Little Sandhurst GU47 8LD

Trustees (Parochial Church Council members):

Trustees who have served from 1 January 2024 until the date this report was approved are:

Name Position Notes
John Castle @ Rector and Chairman
Karen Allen @ Churchwarden First Elected EPCM Jan2023
Vacancy @ Churchwarden
Sue Campbell @ PCC Secretary Elected APCM 2023
John Martin @ Deanery Synod Rep
Vice chairman /lay chair		 Elected to DS APCM 2024
Stephanie Martin Deanery Synod Rep Elected to DS APCM 2024
Denise Yeomans Deanery Synod Rep Elected to DS APCM 2024
Abby Coleman Elected APCM 2023
Alun Grafton Elected APCM 2024
Clare Hardy Elected APCM 2021
Emma Hodge Elected APCM 2022
James Mason Elected APCM 2024
Diana Taylor Elected APCM 2024
Jon Toohey @ Treasurer Elected APCM 2022
Nicky Thomas Elected APCM 2021
Brendan Watson Elected APCM 2023
Georgina Castle To 28 April 2024
Rupert Cremer-Evans To 28 April 2024
Vacancy From APCM 2024
Vacancy 1 Year From APCM 2022

@ by virtue of office # co-opted

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

B Structure, governance and management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity (charity number 1134547).

PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by virtue of their office. Members of the PCC and Deanery Synod Representatives are elected at the Annual Parochial Church Meeting (APCM) and they serve for a three-year term, if someone is unable to finish their term then people are elected at the APCM to fulfil the remainder of the term. The full PCC held ten regular meetings during the year. The average attendance at all meetings was 81% percent.

During the year, the PCC met three times by Zoom because of poor weather conditions and the chair being overseas. The Bishop of Oxford had signed an Instrument previously putting in place arrangements which enable meetings of PCCs to be held electronically, so that decisions taken at these meetings have the same force as if taken at a physical meeting. The PCC then met in person on 7 occasions.

The Rector’s Council consists of the Rector, one churchwarden, there being a vacancy for the second churchwarden, the Vice Chairman of the PCC, the PCC Secretary and the Treasurer. They have power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate. The Rector’s Council met 11 times by remote means with an average attendance of 95%. Eight of the ten meetings being fully attended.

The Annual Parochial Church Meeting took place on Sunday 28th April 2024. 38 people attended in person. There were 142 people on the church electoral roll.

New PCC members are given induction training by the churchwardens or an appropriate member of the PCC or Rector’s Council at PCC meeting shortly after the APCM and as necessary, to enable them to carry out their role effectively.

C Objectives and activities

The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to cooperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'. In addition the PCC is responsible for the maintenance of the Parish Church of St. Michael and All Angels, the Pastoral Centre complex in Lower Church Road, and the churchyard adjacent to the church.

Our formal purpose statement, which was originally developed in 2014, is:

Knowing God for ourselves;

Growing as individuals and as a church;

Showing God’s love in the world.

The purpose statement provides an easy understanding of the purpose of our church and also provides an opportunity for people to develop their relationship with God.

D Achievements and performance

 Public Benefit

When planning our activities for the year we have considered the Charity Commission’s guidance on public benefit, in particular the supplementary guidance on charities advancement of religion.

The Parochial Church Council of St Michael and All Angels, Sandhurst considers that it offers the following benefits to the local community:

  1. The provision of services of public worship and a sacred space for personal prayer and contemplation

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

  1. Contributing to the community life of Sandhurst by being a focus for the celebration of significant shared moments in the lives of families and individuals, e.g. baptisms, weddings and funerals

  2. Pastoral work and support, including visiting the sick and the bereaved

  3. Teaching of Christianity through sermons, courses and small groups, and providing opportunities for personal self-development

  4. Taking of assemblies in local schools, and providing particular support for St Michaels Church of England Primary School in the area of governance and in other ways

  5. Providing support to families including those in difficulties through the provision of a family worker.

  6. Providing activities for different demographic groups in the community including senior citizens and toddlers.

  7. Supporting other charities in the UK and overseas, including Sandhurst Counselling Service (three of whose trustees are nominated by the PCC) and promoting awareness of global justice issues (a full listing of supported charities is provided in the financial statement).

  8. Involvement with the local community and Town Council. This includes being an active member of Sandhurst Churches Together.

  9. Maintenance of an open churchyard for the residents of Sandhurst

 Main features of the year :

2024 has been a year in which life at St Michaels has been relatively settled but has felt busy. However, in common with other churches of all denominations in the country, attendances at Sunday services have not shown the growth we might have hoped for.

Average Sunday morning attendance

2019 2020 2021 2022 2023 2024
First 4 weeks of October, incl baptisms 122 85 137 102 96 91
First 4 weeks of October, excl baptisms 122 85 93 85 96 91
Usual Sunday attendance* 119 90 85 88 96 91
Electoral Roll at APCM 156 155 152 149 140 142

*(calculated from 12 typical weeks in the year) New ER

In 2024 (2023) we conducted 18 baptisms (14), 5 weddings (8) and 7 funerals in church or at the graveside (12), in addition to 1 at the crematorium (9).

Our Sunday services continue in a pattern which we feel caters for many differing tastes in worship style. Each week there is an 8.00am Book of Common Prayer said service, attended on a regular basis by a core group of parishioners. We then hold a 9.30 am communion service on the 1[st] , 2[nd] , 3[rd] and 5[th] Sundays. While the 1[st] , 3[rd] and 5[th] Sunday of each month are quite traditional, the 2[nd] has an informal feel. The service on a 4[th] Sunday is an intergenerational Church Together service designed to bring all ages in our church together. A lot of work has been done to make this service accessible to all ages It is held in the Pastoral Centre and is attended by parishioners from all age groups and a mix from all our core services. As we explore the Bible and worship together in a variety of different ways the mixing of the generations evidences that we are fulfilling our purpose statement of Knowing, Growing and Showing.

On 1[st] and 3[rd] Sundays we hold a Family Service. This service is primarily aimed at those with younger children and those new to faith who may find the more formal services daunting. During the 9.30am communion service we hold sessions for children. Over the past year the number of children attending the 9.30 service has reduced dramatically. Indeed, the core group of young people attending the sessions are those who are members of our choir. To this end we have paused the Kidz Church sessions for those under 10 years of age and now run a session which accommodates all ages. This works well with our paid Family Worker planning and running the sessions assisted by a team of regular volunteers. The team is always available to split the group if we find we suddenly have a group of younger children attending.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Our Rector, Rev. John Castle continues to be assisted by local retired clergy, in particular Rev Jane Kraft who regularly celebrates in the parish, and our associate priest (Rev. John White). Our outreach to families is undertaken and overseen by Sarah Bishop our employed Family Worker. In 2024 Sarah has also been leading the youth work in the parish aided by a team of volunteers. Sessions on weekdays have been organised for the young people in school year 6 and above which has helped to support those who for various reasons do not regularly attend on a Sunday morning.

Sarah Bishop, continues to develop the work with families and schools. Her work involves building relationships with parents and children, both within the church community and outside it, to help them integrate faith and church within their busy lives; giving pastoral support to families facing a variety of difficulties and running or assisting with activities and events related to children, young people and parents. Sarah continues to run regular “Bible Bites” sessions for children in years 5 and 6 at St Michael’s C of E Primary School. The sessions are well attended and Sarah is supported by volunteers from the parish to achieve these. During the summer Sarah organised and ran a Holiday Club. This had a space theme and was open to children form church and the wider community. Approximately 25 children attended each of four Monday afternoons and were lead in various activities based on a Bible passage for the day. Each went home having learnt a ‘memory verse’ and taking with them the creations they had made. During the summer months Sarah organised a Teddy Bears Picnic to which she invited all families who had brought children to baptism at St Michael’s during the previous year. As part of this Sarah had arranged that every child being baptised at St Michael’s is given a teddy knitted by a member of the parish. In October Sarah organised the annual Light Party with activities in the hall, a light trail around the churchyard, and ending up with singing and toasted marshmallows round the fire pit on the West lawn. This was very well attended by families from within the church as well as families from the wider community. Sarah was supported through involvement from many different volunteers and groups within St Michael’s. Sarah also supports the Baby and Toddler Time sessions which run on the 2[nd] and 4[th] Thursdays each month during term time. Sarah's plans going forward include a Messy Church event for all, and a repeat of the teddy bears’ picnic for baptism families.

We continue to work with and develop our relationship with the three primary schools in our parish, which includes holding assemblies and hosting services such as Christmas and Harvest, and other events at the church. We have especially close links to St Michael's Church of England Primary School, where a number of church members serve as governors, and the Rector regularly leads assemblies.

St. Michael and All Angels church have a dedicated team of volunteers to run social events with the primary aim of building up the community. During 2024 the number of these social events was enhanced by the addition of events aimed at fund raising for our spire, bells and clock repair project. A plants, preserves & produce stall was held in the spring. In February a skittles evening was organised in two sittings so that families could attend an early session and others attend later. Both sessions proved popular and were enjoyed by all. A flower arranging workshop soon followed this and at the end of March we were treated to a performance of John Stainer’s The Crucifixion by our church choir. In August our Rector extended an invitation to the parish to enjoy afternoon tea in the rectory garden. Two dates were offered and each was well attended. Many people on the fringe of parish life attended these events which gave a great opportunity for outreach in an informal manner. October saw our fund-raising team supporting one of our local councillors who did a sponsored cycle event in aid of our spire fund, and the following week a concert from our church choir and St Michael’s Belles, our handbell ringers. Our pre-Advent Fair was held in November at a time when parishioners from our 8.00am, 9.30am and Family service could all attend. In December we repeated the Open House event which was so successful last year. Four parishioners agreed to decorate their houses for Christmas and open them to visitors. Once again this brought people on the fringe of parish life into contact with others who made them feel welcome and a part of St Michael’s. In December our choir led the street carol singing which brought the message of Christmas to the streets of little Sandhurst.

St Michael's continues to support local, national and international charitable causes; both financially and by raising awareness within its congregation which this year has included having presentations and speakers from some charities.

Over the course of the year, we have worked ecumenically by being an active member of Sandhurst Churches Together. In November this year we worked with Sandhurst Town Council and other churches for the service of Remembrance in the centre of the town.

Our Pastoral Centre building has continued to be used as a base for a nursery setting although the business has changed again this year. The nursery which took over the hall in September 2023 took a while to get up

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

and running and then for a number of reasons closed again in July 2024. However, a new nursery has opened in the centre using Seeby Hall as its home. St Michael’s Nursery and Pre-School, a private venture, took over the hall at the end of 2024. The new owner was using the upper committee rooms as a childminder so is a familiar person to the parish. She is also a member of our family service congregation which gives a family feel to the new set up. As a parish we are supporting this new venture and giving support where we can. Sandhurst Counselling Service continues to use the centre as its base supported by the PCC. There are other community groups who use the centre on a regular basis throughout the week. The refurbishment work started in the summer of 2023 has continued in 2024. Towards the end of the year we secured a grant to replace all the windows and three doors in the centre with double glazed units. This work was completed in early 2025.

 Safeguarding

St. Michael and All Angels PCC recognises and has complied with the duty to have “due regard” to the House of Bishops’ Safeguarding Policy and Practice Guidance and takes safeguarding seriously. Safeguarding is a standing item on all PCC agendas where both the safeguarding officer can provide updates and members have the opportunity to raise questions and concerns. Mrs Jenny Rose continues as our Parish Safeguarding Officer working alongside Claire Clay who does the admin side of the role.

Jenny and Claire keep up to date records of all safeguarding training which is completed during the year within the parish. Sue Campbell as PCC secretary supports this work by encouraging all PCC members to complete training as it becomes necessary. Currently all PCC members are up to date with required training.

E Financial Review

Firstly, a big thank you. Thank you to all who give to St Michael’s – both financially and in time. This is the Treasurers report so does naturally focus on the former but please be assured the latter is appreciated.

Firstly, the good news. A small surplus was made on the general fund which is very welcome. We balanced the books! This did not include a contribution from the general fund to a sinking repairs fund, but many gave generously directly to the restricted funds. The small surplus on the general fund did not come through saving costs (in fact they increased by 6%, mainly energy) but rather increased voluntary giving and hall hire.

In the year there has been much planning and effort that has gone into the WinSpire project and Pastoral Centre improvement initiatives. The financial impact of these are not yet reflected in the accounts and the year 2025 will see a significant outflow of funds, somewhat tempered by grants coming in. Another big thank you to those working on securing these grants.

The above means we have another year where our total funds are over £1million – a very fortunate position to be in. The largest part of that, some £700k+, is the St Mary’s Mission Fund that was roughly unchanged at the end of the year because investment income offset grants to Reaching Rwanda (£15k), Sandhurst Youth (£17k) and our Family Worker fund (14k).

The general fund is where the daily activities of our church are transacted – income is mainly from our giving and hall rental. Expenses are mainly parish share, salaries (but not youth or family worker), energy, musicians, insurance, etc. and, in future, a contribution to a sinking fund for repairs. For St Michaels to be sustainable, income must cover expenses.

Thank you again to those that continue to give generously and continue to financially support St Michaels – there are a number of options on how to do this;

Both the above can be accessed http://www.stmichaels-sandhurst.org.uk/donations.html

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

We would like to thank the following people – all who contribute so much to helping keep control of our finances;

Reserves

As regards reserves: the general reserve target is approximately three months expenditure.

The designated and restricted funds are healthy, as reflected in the accounts, but our repair/WinSpire funds are well short of the expected requirements and the trustees are considering using the Mission fund for building repairs.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. They are far too numerous to mention by name.

The Trustees' Annual Report is the responsibility of all the Trustees and it was approved in a meeting on the 12[th] March 2025.

Signed on behalf of the PCC

J Castle

K Allen

Rev J. Castle (Chairman)

Mrs K. Allen (Churchwarden)

12[th] March 2025

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Financial Statements for the Year Ended 31 December 2024

Independent Examiner’s Report to the PCC of St. Michael and All Angels, Sandhurst

I report on the Financial Statements of the PCC for the year ended 31 December 2024 which are set out on pages 9 to 18.

Respective responsibilities of the PCC and the examiner

As the members of the PCC and Trustees you are responsible for the preparation of the Financial Statements; you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My 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 PCC and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

K Black

13[th] March 2024

Mrs Kate Black FCA 27 School Hill Little Sandhurst GU47 8LD

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024

Notes
INCOME
Voluntary income
2(a)
Activities for generating funds
2(b)
Investment income
2(c)
Income from church
2(d)
activities
Other income
2(e)
Total income
EXPENDITURE
Church activities
3(a)
Costs of fundraising
3(b)
Total expenditure
Transfer to fixed assets
Net Expenditure
Net Income/(Expenditure)
Net gains/(losses) on Investments
Transfers between funds
9
Net movement in Funds
Total funds brought forward:
Total funds carried forward:		 General
Funds
£
101,646
48,082
0
6,445
705
156,878
153,274
53
153,327
0
153,327
3,551
0
3,551
28,147
31,698		 Designated
Funds
£
500
11,941
12,383
0
196
25,020
46,766
0
46,766
0
46,766
(21,746)
24,027
(14,852)
(12,571)
784,340
771,769		 Restricted
Funds
£
39,968
0
3,870
0
0
43,838
59,422
0
59,422
0
59,422
(15,584)
2,064
14,852
1,332
215,939
217,271		 TOTAL FUNDS
2024
2023
£
£
142,114
131,940
60,023
49,129
16,253
11,666
6,445
8,475
901
984
225,736
202,194
259,462
215,679
53
20
259,515
215,699
0
0
259,515
215,699
(33,779)
(13,505)
26,091
50,312
0
0
(7,688)
36,807
1,028,425
991,618
1,020,738
1,028,425

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

BALANCE SHEET
as at 31 December 2024 General Designated Restricted Designated Restricted TOTAL FUNDS TOTAL FUNDS
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
Fixed Assets
Tangible 5 0 25,971 126,590 152,561 160,705
Investments 6 0 494,697 42,489 537,186 511,095
0 520,669 169,079 689,747 671,800
Current Assets:
Debtors and prepayments 7 7,485 0 0 7,485 5,216
Cash at bank and in hand 37,797 251,100 48,192 337,089 365,481
45,282 251,100 48,192 344,575 370,697
Liabilities: payable within one year
Creditors 8 (13,584) 0 0 (13,584) (14,072)
Net Current Assets 31,698 251,100 48,192 330,990 356,625
Total Assets less Current Liabilities 31,698 771,769 217,271 1,020,738 1,028,425
Total Net Assets 31,698 771,769 217,271 1,020,738 1,028,425
FUNDS
General Fund 9.1 31,698 31,698 28,147
Designated fund 9.2 771,769 771,769 784,340
Restricted funds 9.3 217,271 217,271 215,939
31,698 771,769 217,271 1,020,738 1,028,425

These Financial Statements were approved by the Parochial Church Council on 12 March 2025 and signed on its behalf by:

Rev J Castle Chairman

Mrs K Allen Churchwarden

The notes form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2024

1. ACCOUNTING POLICIES

(a) Basis or preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102) effective 1 January 2019).

The financial statements have been prepared under the historical cost convention except for valuation of investment assets, which are shown at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The financial statements 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 to another body or, except as noted below, those which are informal gatherings of Church members.

(b) Funds

General Accumulated Fund

The Accumulated Fund represents the funds that are not subject to any legal restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Designated Funds

A designated fund describes an intent for the use of the funds. That intent is not binding on the PCC, though the PCC must be mindful of the intent when considering using the funds for other purposes. It’s the simplest and most flexible way to try and ring fence money for special needs.

The “Renovations and Repairs” Designated Fund, is set up as a contingency fund intended to cover both general and unexpected repair and renovations on the church and buildings.

A “Hardship” Designated Fund was set up in 2011 to provide funds for genuine causes of hardship and is to be used at the PCC’s discretion.

The “St. Mary’s Mission Fund” represents the proceeds of the sales of the former curate's house at 27 Hopeman Close, a gifted property at 4 Holly Cottages and the land at St Mary’s, together with interest generated from this capital. The PCC agreed to utilise the assets in the fund to create a Mission fund to support the church in fulfilling its mission both in Sandhurst and more widely.

“Designated assets” are assets gifted or bought by the PCC or church groups where the PCC would not wish to sell and use the funds for other purposes.

Restricted Funds

A restricted fund represents donations and other monies raised for specific purposes, less expenditure in respect of these purposes.

The “Youth Worker Fund” w as a fund setup to receive donations to pay for a youth worker.

The “Family Worker Fund” was set up to receive funds from parishioners and external workers for the post of a Family Worker

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2023 (continued)

The “Pastoral Centre” has been put into a restricted fund. When the Pastoral Centre was originally built, donations were paid into a restricted fund and the PCC consider that the building should remain restricted.

“Restricted Assets”. These are assets gifted to the PCC where the donor would not wish for the asset to be sold or they are assets purchased from restricted donations.

The “Choir Fund” is a restricted fund representing funds raised by this active group, less their expenditure.

“Repairs and Renovations” . A restricted fund has been set up to receive donations specifically for the maintenance and renovation of the church and buildings.

“WinSpire Fund” has been set up to accept donations towards the repairs of the church spire, the stained glass windows in the church and the bells.

(c) Recognition of Income

Income is included in the Statement of Financial Activities (SOFA) when:

Grants and donations

Grants and donations are included in the SOFA when any pre-conditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

Gifts in kind

Gifts in kind for the PCC’s own use are included in the SOFA as incoming resources at their fair value when receivable, and expensed as and when consumed in use. Gifts of fixed assets, if material, are included in the balance sheet at their fair value and expensed over the asset’s useful economic life.

Gift Aid Tax claims

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

Activities for generating funds

Rental and other income from the letting or other use of church premises is recognised when the income becomes due.

Funds raised by social and similar events are accounted for gross of expenses.

Investment income

Interest is received gross and is accounted for when receivable.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2023 (continued)

(d) Expenditure and Liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.

Charitable giving

It is the policy of the PCC that at least 10% of the income from regular giving, collections and related recoveries of income tax should be used for missionary and charitable giving. At the year-end amounts are accrued to comply with this policy.

Church activities

The Diocesan Parish Share that is expended is an amount calculated in accordance with the Diocesan share scheme approved by the Diocesan Synod in November 2012.

Operating lease commitments

Rentals paid under operating leases are charged to the SOFA as incurred.

Pensions

The PCC operates a defined contribution plan through NEST for the benefit of its employees and to comply with the auto-enrolment obligations. Contributions are expensed as they become payable.

(e) Tangible Assets

Consecrated property and movable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2)(c) of the Charities Act 2011. Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2002 will be capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2002 is written off.

Freehold Properties

Freehold properties are depreciated on a straight line basis over their expected life of 50 years.

Other fixtures, fittings and equipment

Provision for the depreciation of fixtures, fittings and equipment held for use by the PCC is made at the following annual rates calculated to spread the cost (less anticipated residual disposal value) of each asset over its expected useful life:

Office and other equipment - straight line basis over three to five years

Where an asset has a high residual value the PCC considers the need for these assets to be depreciated is removed. Each year these assets will be reviewed for impairment.

Items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at the year end.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

General
Designated
Funds
Funds
£
£
2. INCOME
(a) Voluntary income
Regular giving
72,115
Income tax recoverable
18,419
Collections at all services
7,522
Grants (see note 2f)
3,590
Donations
500
101,646
500
(b) Activities for generating funds
Fund raising events
7,629
Pastoral Centre lettings
40,453
SCS room hire
11,941
48,082
11,941
(c) Investment income
Interest
12,383
0
12,383
(d) Income from church activities
Fees
6,445
6,445
0
(e) Other income
Other receipts
705
196
Legacies
705
196
Total income
156,878
25,020
(f) Grants received in the year:
From ODBF towards full time family worker
From Sandhurst Council for the upkeep of the Church yard		 Restricted
Funds
£
3,818
622
4,000
31,527
39,967
0
3,870
3,870
0
0
43,837		 TOTAL FUNDS
2024
2023
£
£
75,933
68,474
19,041
17,962
7,522
7,205
7,590
11,620
32,027
26,679
142,113
131,940
7,629
7,203
40,453
29,560
11,941
12,366
60,023
49,129
16,253
11,666
16,253
11,666
6,445
8,475
6,445
8,475
901
984
0
0
901
984
225,735
202,194
£
£
4,000
8,030
3,590
3,590
7,590
11,620		 TOTAL FUNDS
2024
2023
£
£
75,933
68,474
19,041
17,962
7,522
7,205
7,590
11,620
32,027
26,679
142,113
131,940
7,629
7,203
40,453
29,560
11,941
12,366
60,023
49,129
16,253
11,666
16,253
11,666
6,445
8,475
6,445
8,475
901
984
0
0
901
984
225,735
202,194
£
£
4,000
8,030
3,590
3,590
7,590
11,620
131,940
7,203
29,560
12,366
49,129
11,666
11,666
8,475
8,475
984
0
984
202,194
£
8,030
3,590
11,620

14

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

General
Funds
£
3. EXPENDITURE
(a) Church activities
Charitable giving (note 4)
9,793
Diocesan parish share
74,806
People costs
18,211
Churchyard upkeep (mainly people
3,590
Musicians fees
7,165
Gas & Electricity
17,320
Cleaning
4,563
Insurance
4,700
Depreciation
0
Bank charges
241
Repairs and maintenance
603
Office equipment
1,262
Telecom/post
1,766
Stationary
1,004
Security
2,107
WinSpire
0
Other
6,143
153,274
(b) Fund-raising costs
Social events
53
53
Total expenditure
153,327		 Designated
Funds
£
44,241
868
1,657
46,766
0
46,766		 Restricted
Funds
£
3,489
22,451
1,007
7,276
2,222
22,977
59,422
0
59,422		 TOTAL FUNDS
2024
2023
£
£
57,523
22,072
74,806
74,875
40,662
55,425
3,590
3,590
8,172
7,195
17,320
12,035
4,563
4,690
4,700
5,057
8,144
7,276
241
162
4,482
11,810
1,262
574
1,766
2,155
1,004
1,055
2,107
2,143
22,977
0
6,143
5,565
259,462
215,679
53
20
53
20
259,515
215,699
4. CHARITABLE GRANTS
General
Funds
£
Church Mission Society
1,371
Tear fund
1,371
Barnabas/Release International
1,371
Reaching Rwanda
1,371
Compassion
1,371
Sandhurst Day Centre
1,371
SCS - Sandhurst Counselling Serv
1,371
St Michael's hardship fund
196
Sandhirst Youth
Restricted collections
9,793		 Designated
Funds
£
15,000
11,941
300
17,000
44,241		 Restricted
Funds
£
3,489
3,489		 Total
Total
2024
2023
£
£
1,371
1,248
1,371
1,248
1,371
1,248
16,371
1,248
1,371
1,248
1,371
1,248
13,312
13,614
496
188
17,000
0
3,489
782
57,523
22,072

15

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

5. TANGIBLE ASSETS

Gross Book Value
- at 1 January 2024
- additions
- disposals
- at 31 December 2024
Accumulated Depreciation
- at 1 January 2024
- charge for the year
- disposals
- at 31 December 2024
Net Book Value
- at 1 January 2024
- at 31 December 2024		 Fixtures
fittings and
equipment
£
62,301
62,301
27,885
2,704
30,589
34,416
31,711		 Freehold
land and
Total
buildings
£
£
271,975
334,276
271,975
334,276
145,686
173,570
5,440
8,144
151,125
181,714
126,290
160,705
120,850
152,561

Properties held for the use of the PCC are recorded at cost, and no consideration has been taken of their current market values.

6. INVESTMENTS

Market value at 1 January 2024
Additions
Valuation gain
Market Value at 31 December 2024		 Designated
Funds
£
470,670
24,027
494,697		 Restricted
Total
Funds
£
£
40,425
511,095
2,064
26,091
42,489
537,186

Investments comprised units in the CCLA Church of England Investment Fund.

The original cost of these units was £455.000. There have been no disposals.

7. DEBTORS
Inland Revenue - tax claims
Other debtors
8. LIABILITIES PAYABLE WITHIN ONE YEAR
Parish Share
Charitable giving
Social security and other taxes
Other creditors		 2024
2023
£
£
4,595
1,338
2,890
3,878
7,485
5,216
2024
2023
£
£
0
0
5,040
4,302
28
579
8,516
9,191
13,584
14,072

16

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

9. MOVEMENTS IN FUNDS
General Funds
9.1 Accumulated Fund
9.2 Designated Funds
St Mary's Mission
Repairs and renovations
Hardship
Designated assets
Sandhurst Counselling Service
Total
9.3 Restricted Funds
Youth Worker
Family Worker
Choir
Bellringers
Repairs and renovations
WinSpire
Special charity collections
Restricted assets
Pastoral centre
Baby & Toddler
Foodshare
Restricted collections
Total		 2023
Balance b/f
£
28,147
725,501
29,076
2,924
26,839
0
784,340
0
0
1,454
344
0
79,837
0
7,577
126,289
328
0
109
215,938		 Income
£
3,551
12,383
500
196
11,941
25,020
4,440
8,670
286
55
1,150
25,714
50
3,473
43,837		 Expenditure
£
32,000
1,657
300
868
11,941
46,766
22,451
1,007
2,221
22,977
1,836
5,440
3,489
59,420		 Revaluation
£
24,027
24,027
2,064
2,064		 2024
Transfer
Balance c/f
£
0
31,698
(13,781)
716,130
(1,071)
26,848
2,820
25,971
0
(14,852)
771,769
4,440
13,781
0
733
399
1,071
(0)
84,638
0
5,741
120,849
328
50
93
14,852
217,271

The PCC approved the transfer from the designated St Mary's Mission Fund to cover the current year deficit on the General Fund, Youth Worker Fund and Family Worker Fund.

The St Mary's fund has been used as follows;
Prior years
Opening balance
Interest
Investment Valuation
Land disposal
Youth Worker
Sandhurst Youth Charity
Reaching Rwanda
Family worker
(8,519)
General fund
(13,412)
Closing balance		 2022
£
496,144
(11,035)
238,893
(4,945)
(8,719)
(16,173)
694,165		 2023
2024
All years
£
694,166
725,501
11,666
12,383
46,332
24,027
(11,959)
(16,904)
(17,000)
(15,000)
(8,548)
(13,781)
(39,567)
(6,156)
(35,741)
725,501
716,130

17

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

10. ANNUAL OPERATING LEASE COMMITMENTS

Plant and machinery
Expiring:
Between one and five years		 2024
2023
£
£
563
563

11. EMPLOYEES REMUNERATION

11. EMPLOYEES REMUNERATION
2024 2023
£ £
Wages and salaries (including NI) 54,065 50,399
Average number of employees 3 3

£12,545 of wages and salaries were recharged to the Sandhurst Counselling Services in 2024 (£10,915 in 2023)

12. PCC MEMBERS REMUNERATION AND EXPENSES

No remuneration or expenses was paid to any person on the PCC or any person connected with members of the PCC.

18