Charity registration number 1134647
PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev. Dr N Griffin Mr P Joyce Mrs L Westlake (appointed 7 May 2024) Mrs H McKegney Mr M Norman Mrs M Carson Mr P Cole Mr P Underwood (resigned 18 March 2025) Mr I Pinder Mrs B Baigent Mrs K Lanchbury Mrs H Hayes (resigned 7 May 2024) Miss L Willetts Rev. R Kelley Rev. R Cromwell Ms D Vickery (resigned 7 May 2024) Ms L Norris (appointed 5 March 2024)
Charity number 1134647 Independent Examiner J Farkas Lentells Limited Ash House, Cook Way Bindon Road, Taunton Somerset, TA2 6BJ
PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
CONTENTS
| Page | |
|---|---|
| Trustees’ report | 1 – 8 |
| Statement of Trustees’ responsibilities | 9 |
| Independent examiner’s report | 10 |
| Statement of fnancial activities | 11 – 12 |
| Balance Sheet | 13 |
| Statement of cash fows | 14 |
| Notes to the fnancial statements | 15 - 26 |
PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Parochial Church Council’s governing trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).
Objectives and activities
The PCC has the responsibility of co-operating with the Vicar, Rev. Dr Nick Griffin, in the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the maintenance responsibilities for the church’s properties.
Public Benefit Statement
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the PCC should undertake. It is the PCC's intention that St. George’s Church, Wilton, its hall, churchyard and allotments should be available to the local community whether they are church members or not.
Achievements and performance
Church Membership and Activity
There are 141 members on the new Church Electoral Roll. The St George’s ‘worshipping community’, as reported to the Diocese at 31 December 2024 was 181.
St George’s continues to enable the community to mark life’s milestones. During 2024 there were 6 weddings and 10 baptisms in the church. There were 10 funerals either in the Church or at Taunton Crematorium. All of these events bring the church into contact with people at very significant times in their lives and the ministry of the church is appreciated. It also presents an opportunity to make those members of the community aware of other things the church is able to offer.
Overview from the Vicar
2024 was a strong year for St George’s, in which we have continued to witness the faithfulness of God as we grow both in spirit and in number. It is a privilege to serve as the Vicar of this parish, and I am deeply grateful to God and to the community for calling me to this place. We break our vision into various categories to help us focus.
Worship
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Our twin services at 9:30 and 11:00 continue to provide a fruitful pattern of worship at St George’s, with both services seeing steady growth throughout the year. The close timing of the services offers flexibility for worshippers, and it’s not unusual for people to switch between them as needed. This healthy pattern allows our community to enjoy both diversity and continuity of space and ministry.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
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The 9:30 communion service offers a steady yet energetic liturgical form, following Common Worship . Twice a month, additional choral offerings are led ably by Chris Sampson. Partway through the year, we chose to stop using robes for the choir, which has successfully encouraged greater participation. Alongside Chris, our worship has been enriched by a number of talented musicians, including Ian Carson, Ian Gouge, Stephen Page, Jackie and Alana Cottey.
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The 11:00 service has now permanently relocated to the church building, which has facilitated further growth. With current attendance levels, it would be impossible to imagine moving it back. Though the transition took some adjustment for those used to a more informal space, the church has now become home to all our services.
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Preaching, leading, and intercessions are shared across a wide and talented team. As vicar, I’m blessed to draw from this pool of developing gifts.
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We are richly blessed by the many retired ministers among us. Special thanks to Rev. Geoff Treasure, Rev. Jenny Jeffery, Rev. Michael Hayes, Rev. Keith Powell, and Rev. Martin Kirkbride for their dedication, hard work, and unseen contributions.
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Our verging team, led by Michael and Tricia Yardley, do an excellent job maintaining the sanctuary and ensuring that the altar area is kept in good order and the sacrament is appropriately respected.
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All our services are supported by our technical team, led by Matt Norman and well assisted by Matt Ellet and Laurie Jeffery. The growth in this area has been breathtaking, among the strongest technical offerings in the town. This enables us to stream all our regular services, offering excellent outreach to those joining us online, along with a high standard of musical production. I remain genuinely astonished at how far this ministry has come since my arrival in 2021.
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Streaming has become a regular part of our worship life. At the time of writing (April 2025), we have 470 subscribers, with around 100 people tuning in for the 11:00 service and 60–80 for the 9:30.
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We hosted several special services during the year. Highlights include a joint Pentecost service featuring gospel music and a hog roast, as well as a Harvest celebration at Cutliffe Farm — special thanks to the tech team, who dedicated their entire Saturday to setting up at the barn.
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Rev. Rob Cromwell was ordained priest in June 2024, and we are grateful for the leadership he continues to bring and for this new sacramental dimension to his ministry.
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Rev. Richard Kelley has continued to offer strong support as Associate Minister, and we are thankful for his dedicated ministry.
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Carmen Cromwell, our placement student throughout 2024, has contributed much to our leadership and preaching.
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Christmas and Easter services were packed this year! We introduced several new elements, including three “Tuk Tuk” community carol services and a new contemporary carol service alongside our traditional services and Christingles. Christmas Day was particularly memorable, with standing room only!
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We now hold monthly Worship Gatherings, which combine worship, training, and Bible study for our musicians.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Family and Children
I will defer much of the detail here to those leading these ministries. Coordination falls to Bryony Griffin, who manages this large and diverse team. Special thanks to Mrs Griffin, who oversees one of the largest children’s and youth ministries in the town, all on a voluntary basis. The growth of this ministry has reached the scale of a full-time role, and the church will need to consider future investment in this area.
Community and Mission
There is so much going on in this area that I may well miss something!
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The community fridge is now well established, running smoothly four days a week and redistributing surplus food from a main supermarket partner. Thanks to Mervyn Roberts for his steadfast leadership of this important environmental work.
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Soup had another strong year, running through the colder months (September–March). The project, led by Rob, offers soup, bread, cheese, cake, and tea, with donations welcomed but not required. Typically, 20–30 people attend, and it has been a great way to welcome people into the space. Thanks to Somerset Community Foundation for their continued financial support.
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The Men’s Shed is thriving under Terry Ware’s leadership. With help from a Wessex Water Foundation grant, they have now installed a dedicated toolshed. Beyond the practical projects, the true value lies in the relationships built — one member told me the Shed had given them “a reason to keep going.”
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Women in the Pub, led by Kate Taylor, continues to offer creative and social activities for women and is well appreciated.
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Rob’s new “Pub Club” at the Vivary Arms has been well received, helping to connect men across congregations and generations.
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Stroll for the Soul continues to draw groups for gentle walks, prayer, friendship, and the occasional song along the byways of Taunton.
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Jane Joyce has led our churchyard gardening team beautifully, creating a much-loved and well-used churchyard space. Thanks to all the team!
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Our Reader, Kate Taylor, has led our care home ministry, supporting St George’s Care Home, Ellisfield Court, and Elizabeth House. These visits vary between communion services and more conversational or craft-based sessions, depending on the context.
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The pastoral team, led by Hilary McKegney, continues to offer home communion and visits to those unable to attend services in person. A review in the new year will explore ways to develop this ministry further.
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We held two mental health days, titled Faith, Hope, and Mental Health , featuring Kintsugi Hope and Rev. Rob Merchant. Though attendance was lower than hoped (around 30), those who came found them deeply valuable.
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Rob has led Alpha courses this year, aiming for one per term. These have been well received, with a number of participants now attending church regularly.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
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Geoff Treasure led two popular courses: one exploring the gospel through Les Misérables , and another called Hymns We Love — both were so well attended that we ran out of space in the Dunning Room!
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Geoff also ran the bereavement course Valley Café , which was greatly appreciated and led to new members joining our fellowship.
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Carmen Cromwell continues to lead our home groups, which currently number around 10 groups Demand often exceeds supply, and we need more leaders. Groups follow a variety of study materials and are self-led. An “Extra Slice” video resource is regularly produced to accompany the sermons.
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In June, our cheffing-curate, Rob Cromwell, ran a month-long barbecue, providing a fantastic opportunity for fellowship and outreach.
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Our refreshments and coffee team is now led by Rob, who took over from Barbara Reeves after many years of faithful service. Managing the needs of the 9:30 coffee time and the turnaround for the 11:00 children’s work is a challenge, but thanks to all who help!
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Finally, our Christmas Fayre was a fun and joyful occasion despite the bitter weather. The team delivered an outstanding event with music, food, stalls, and crafts, raising around £2,000 for the church. Special thanks to Hilary McKegney, Bethan Baigent, Bryony Griffin, and Carmen Cromwell.
Finance and Resources
Our treasurer has provided the Financial Review, so I will focus here on our physical and human resources.
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Over the past year, we’ve seen growth in the staff team, which naturally came with the challenge of establishing a new working rhythm for the longer-standing team members, Bethan Baigent and Nick. I’m pleased to say the team now operates with a clear weekly structure that supports both community availability and preparation time. The new office set-up, with its clear reception function, has improved our welcome to the community, though we continue to face challenges in recruiting suitable volunteers for office support.
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Governance remains under the oversight of the PCC, with its membership listed earlier. Two sub-committees support the PCC’s work:
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The Standing Committee, comprising the Vicar, Curate, Administrator, Treasurer, Wardens, and one PCC representative, holds delegated spending authority and has successfully expedited day-to-day decisions.
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The Buildings Sub-Committee, consisting of Paul Cole, Peter Joyce, and Nick Griffin, has been instrumental in progressing essential works on our buildings.
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We remain deeply grateful for Ian Pinder’s ongoing wisdom and work as Treasurer, and for Robin Stamp’s faithful service as Christian Giving Officer. Special thanks go to Geoff Winterson who has now stepped back from organising the banking of collections. Geoff did this ‘temporarily’ over 5 years ago and has been faithful and organised in this important task.
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A special thanks to Helen Clegg for her service as PCC Secretary. This role has now been taken up by Lucy Norris, whose steady hand and clarity have been invaluable as we develop policies to manage the church’s growth. As Vicar and Chair of the PCC, I am personally grateful for her wise counsel.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
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In 2024, we welcomed Lisa Westlake as a new Churchwarden, bringing fresh energy alongside Peter Joyce’s faithful tenure. Peter plans to retire from this role at the 2025 APCM, and we are immensely thankful for his dedication, kindness and insights.
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The MES programme continued through 2023–24 with a fresh focus, drawing participants from beyond our immediate church community.
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Regarding safeguarding, Hilary McKegney and Nick Griffin shared the role through much of 2024. By yearend, Hilary fully took over the post, and I am especially grateful for her meticulous work in safer recruitment — a demanding but vital responsibility.
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The long-overdue quinquennial inspection of the church building identified both minor and more serious issues. Peter’s fabric report will provide fuller details, but notably, the church tower roof requires significant repairs.
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Meanwhile, future development plans for the church have been actively pursued, with the expert and generous guidance of Paul Cole.
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We successfully introduced new church management software this year. Rob Cromwell led this project with great skill, and the system has already made our administration significantly more efficient.
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Bethan Baigent continues to serve with remarkable dedication as Administrator and PA. Over her nine years with us, her role has evolved greatly. I remain deeply thankful for her professionalism, her high standards, and the grace-filled character she brings to her work.
Prayer
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We launched a new monthly Sunday evening prayer gathering, Pray, combining music and intercession. While attendance varies, it has been warmly appreciated.
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Morning prayer continues twice a week in church, sustaining the rhythm of prayer in our life together.
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The Prayer Space, once used weekly, unfortunately ceased around mid-2024. We will need to reconsider its use.
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The Prayer Shed, though a wonderful resource, is currently under-used. We need to rethink its role to make it more accessible and inviting for the community.
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Prayer ministry has been offered weekly, though the layout of our church has posed challenges for providing a quiet, dedicated space. Both congregations have expressed a desire for more opportunities for prayer ministry, which we will aim to address.
Conclusion
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2024 has been a wonderful year of blessing for us as a whole community and I am confident of the grace of God in this next stage of life and development.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial Review
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Although St George’s total income and total expenditure for 2024 as shown in the Statement of Financial Activities look very similar to the equivalent figures in 2023, there are notable differences between the two years. In 2023 the figures were boosted by an appeal for the upgrading of the church office which brought in income of £24,588 and incurred expenditure of £29,515 but there are no equivalent income and expenditure figures in 2024. Also in 2023 we received legacies of £7,000 whereas no legacies were received in 2024.
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The improvement in total income in 2024 is largely attributable to a 16.9% increase in the Christian Giving Scheme arising from more people joining the scheme and we are grateful to the members of the congregation who have responded generously.
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On the expenditure side, the Parish Share increased by £8,544 which is 10%, the maximum permitted, and was paid in full. Expenditure on equipment and repairs increased by over £15,000 although some of this was funded by grants and special donations. Utilities costs also increased significantly.
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The overall outcome for the year was a deficit before investment gains of £3,309 which has been funded from reserves. The outlook for 2025 and beyond remains very challenging and we will need a further material increase in Christian Giving if we are to continue to cover our running costs and to fund our opportunities for growth.
Reserves Policy
A charity’s reserves fund the working capital which is required to pay for day-to-day operations. In addition, reserves are held to meet unforeseen costs, to finance new initiatives and to fund the gaps between cash receipts and payments.
Our policy is to maintain a minimum level of free unrestricted reserves equivalent to three months revenue expenditure. As at 31 December 2024, the PCC's unrestricted reserves stood at £46,196 which amounts to just under 3 months regular revenue expenditure payable from unrestricted income. The Trustees are aiming to restore the reserves to the required minimum level by 31 December 2025.
It is the longer term aim of the Trustees to set aside reserve funds to cover unexpected repairs to the church, the organ and the church hall.
Investment Powers and Policy
The Trustees are responsible for ensuring that sufficient cash is held to cover the day-to-day expenses of the charity and for achieving the best returns available on surplus funds and the endowment fund. The PCC's endowment funds are invested in the CBF Church of England Investment Fund - Income Shares administered by the CCLA.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Risk Management
The Trustees consider risk and other uncertainties regularly at their meetings. Where possible, policies are established and procedures adopted to mitigate those risks, whether they are financial or not. Cash flow is monitored and a financial update is provided at every PCC meeting. The level of voluntary income and our ability to pay the Parish Share are regularly discussed, together with safety and protection issues for those visiting the charity's premises.
Structure, governance and management
The Parochial Church Council (PCC) is a registered charity number 1134647. It was registered on 4 March 2010.
The Trustees are the PCC members. The Trustees who served during the year and up to the date of signature of the financial statements were:
Rev. Dr N Griffin Mr P Joyce Mrs L Westlake (appointed 7 May 2024) Mrs H McKegney Mr M Norman Mrs M Carson Mr P Cole Mr P Underwood (resigned 18 March 2024) Mr I Pinder Mrs B Baigent Mrs K Lanchbury Mrs H Hayes (resigned 7 May 2024) Miss L Willetts Rev. R Kelley Rev. R Cromwell Ms D Vickery (resigned 7 May 2024) Ms L Norris (appointed 5 March 2024)
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.
The PCC has a Working Group overseeing the maintenance and management of the churchyard. It has produced a Churchyard Management Policy which has been approved by the PCC and which is reviewed annually.
PCC members are the Managing Trustees of the Church Hall and the Scout Hut; the Diocesan Board of Finance is the Custodian Trustee.
The Church is the land owner of the Wilton Church Allotments (a charity) and the PCC is responsible for ensuring that they are kept in good order; that income and expenditure are in balance, and that a reasonable surplus is generated for “ecclesiastical purposes”
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Specific roles fulfilled by PCC members are as follows:
Vicar: Rev. Dr Nick Griffin (Chair) Churchwardens: Mr Peter Joyce Mrs Lisa Westlake Deanery Synod Representative: Mrs Hilary McKegney Secretary to the Church Council: Ms Lucy Norris Treasurer to the Church Council: Mr Ian Pinder
The Trustees’ report was approved by the Board of Trustees.
……………………………… Rev. Dr N Griffin Vicar Date: ……… May 2025
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Parochial Church Council and of the incoming resources and application of resources of the Parochial Church Council for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Parochial Church Council and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Parochial Church Council and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the Parochial Church Council's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
I report to the trustees on my examination of the financial statements of the Parochial Church Council of St George’s Church, Wilton (the Parochial Church Council) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the Parochial Church Council you are responsible for the preparation of the financial statements in accordance with requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Parochial Church Council’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner’s statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Parochial Church Council as required by section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
J Farkas Lentells Limited Chartered Certified Accountants
Ash House Cook Way Bindon Road Taunton Somerset TA2 6BJ
Dated………………………………….
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Current financial year Notes Income and Endowments from: Donations, grants and legacies 3 Other trading activities 4 Investments 5 Other income 6 Total income Expenditure on: Charitable activities 7 Other expenses 10 Total resources expended Net gains on investments 11 Net incoming resources before transfers Gross transfers between funds Net movement in funds Fund balances at 1 January 2024 Fund balances at 31 December 2024 |
Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 £ £ £ 168,028 26,831 - 14,453 - - 2,390 - - 10,552 115 - 195,423 26,946 - 197,842 26,371 - 1,465 - - 199,307 26,371 - - - 558 (3,884) 575 558 - - - (3,884) 575 558 50,080 8,909 24,392 46,196 9,484 24,950 |
Total 2024 £ 194,859 14,453 2,390 10,667 222,369 224,213 1,465 225,678 558 (2,751) - (2,751) 83,381 80,630 |
Total 2023 £ 198,297 15,454 2,020 7,247 |
|---|---|---|---|
| 223,018 | |||
| 218,851 1,888 |
|||
| 220,739 | |||
| 2,097 | |||
| 4,376 - |
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| 4,376 79,005 |
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| 83,381 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| Prior financial year Notes Income and Endowments from: Donations, grants and legacies 3 Other trading activities 4 Investments 5 Other income 6 Total income Expenditure on: Charitable activities 7 Other expenses 10 Total resources expended Net gains on investments 11 Net incoming resources before transfers Gross transfers between funds Net movement in funds Fund balances at 1 January 2023 Fund balances at 31 December 2023 |
Unrestricted Restricted Endowment funds funds funds 2023 2023 2023 £ £ £ 148,613 49,684 - 15,454 - - 2,020 - - 5,576 1,671 - 171,663 51,355 - 170,277 48,574 - 1,888 - - 172,165 48,574 - - - 2,097 (502) 2,781 2,097 - - - (502) 2,781 2,097 50,582 6,128 22,295 50,080 8,909 24,392 |
Total 2023 £ 198,297 15,454 2,020 7,247 |
|---|---|---|
| 223,018 | ||
| 218,851 1,888 |
||
| 220,739 | ||
| 2,097 | ||
| 4,376 - |
||
| 4,376 79,005 |
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| 83,381 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed Assets Investments 12 Current Assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year Other creditors 15 Net current assets Total assets less current liabilities Capital funds Endowment funds Income funds Restricted funds 17 Unrestricted funds - general |
2024 £ £ 24,950 22,810 54,347 77,157 21,477 55,680 80,630 24,950 9,484 46,196 80,630 |
2023 £ £ 24,392 23,293 68,735 92,028 33,039 58,989 83,381 24,392 8,909 50,080 83,381 |
2023 £ £ 24,392 23,293 68,735 92,028 33,039 58,989 83,381 24,392 8,909 50,080 83,381 |
|---|---|---|---|
| 83,381 | |||
| 24,392 8,909 50,080 |
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| 83,381 |
The financial statements were approved by the Trustees on …………………………. 2025.
………………………………….. Rev. Dr N Griffin Vicar
…………………………………..
Mr I Pinder Trustee and Treasurer
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Cash flows from operating activities Cash (used in)/generated from operations 20 Investing activites Investment income received Net cash generated from investing activities Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ £ (16,778) 2,390 2,390 - (14,388) 68,735 54,347 |
2023 £ £ 9,792 2,020 2,020 - 11,812 56,923 68,735 |
2023 £ £ 9,792 2,020 2,020 - 11,812 56,923 68,735 |
|---|---|---|---|
| 11,812 56,923 |
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| 68,735 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
The Parochial Church Council of St George’s Church, Wilton is a charity registered under number 1134647. It was registered on 4 March 2010. The correspondence address for the Parish of St George’s Wilton is: St George’s Church Office, Fons George, Taunton TA1 3JT. The telephone number is: 01823 284253. Website: www.stgeorgescofetaunton.co.uk. Email: ofice@stgchurch.co.uk.
1.1 Accounting convention
The accounts have been prepared in accordance with the Parochial Church Council’s trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Parochial Church Council is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Parochial Church Council. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of investment assets which are shown at fair value. The principal accounting policies adopted are set out below.
1.2 Going Concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Parochial Church Council has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notice to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Parochial Church Council. Only income arising from investment of the endowment may be used.
1.4 Income
Income is recognised when the Parochial Church Council is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Parochial Church Council has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies (continued)
1.4 Income (continued)
Legacies are recognised on receipt or otherwise if the Parochial Church Council has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Dividends are accounted for when receivable. Interest is accrued. All other income is recognised when it is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that the transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made-up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure recognition
Grants and donations are accounted for when paid or awarded, if the award creates a binding obligation. Parish Share is accounted for when due. All other expenditure on charitable activities is generally recognised when it is incurred. As the charity is not VAT registered all expenditure is stated inclusive of irrecoverable VAT where applicable.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings Fully written off in 2006 Computers Fully written off in 2011
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies (continued)
1.9 Financial instruments
The Parochial Church Council has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Parochial Church Council’s balance sheet when the Parochial Church Council becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Parochial Church Council’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the Parochial Church Council is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Parochial Church Council’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
2 Critical accounting estimates and judgements (continued)
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations, grants and legacies
| Donations and gifts Legacies receivable Grants receivable Donations and gifts Christian Giving - GA Christan Giving - non GA Collections Charity Donations - Coffee Bursary Fund Office Building Appeal Donations - Others Tax recoverable CG Legacies receivable Legacies |
Unrestricted funds general 2024 £ 167,578 - 450 |
Restricted Total funds 2024 2024 £ £ 20,831 188,409 - - 6,000 6,450 26,831 194,859 - 117,201 - 15,282 12,885 12,885 - 1,131 1,356 1,356 2,000 2,000 4,590 9,254 - 29,300 20,831 188,409 - - |
Unrestricted funds general 2023 £ 141,613 7,000 - |
Restricted funds 2023 £ 39,953 - 9,731 |
Total 2023 £ 181,566 7,000 9,731 |
|---|---|---|---|---|---|
| 168,028 | 148,613 | 49,684 | 198,297 | ||
| 117,201 15,282 - 1,131 - - 4,664 29,300 |
96,636 17,595 - 298 - - 2,908 24,176 |
- - 11,823 - - 24,588 3,542 - |
96,636 17,595 11,823 298 - 24,588 6,450 24,176 |
||
| 167,578 | 141,613 | 39,953 | 181,566 | ||
| - | 7,000 | - | 7,000 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4 Other trading activities
| Hall hire and allotment rent Fundraising and church events 5 Investments Income from listed investments Interest receivable 6 Other income Fees - weddings and funerals Churchyard income Church events income Church bells funds introduced |
Unrestricted funds 2024 £ 5,331 1,903 3,318 - 10,552 |
Restricted funds 2024 £ 115 - - - 115 |
Unrestricted funds general 2024 £ 12,482 1,971 14,453 Unrestricted funds general 2024 £ 677 1,713 2,390 Total funds 2024 £ 5,446 1,903 3,318 - 10,667 |
Unrestricted funds general 2023 £ 13,484 1,970 |
|---|---|---|---|---|
| 15,454 | ||||
| Unrestricted funds general 2023 £ 667 1353 |
||||
| 2,020 | ||||
| Unrestricted funds 2023 £ 4,193 1,413 - 1,641 |
||||
| 7,247 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
7 Charitable activities
| Staff costs Charitable Giving Parish share Staff and speaker expenses Altar expenses and flowers Music and organist costs Education, Outreach and Community Youth activities and education Office costs Church and hall establishment costs Church and hall repairs and maintenance Analysis by fund Unrestricted funds - general Restricted funds |
2024 £ 29,560 13,185 93,986 991 899 11,352 2,947 1,967 9,100 26,236 33,990 224,213 197,842 26,371 224,213 |
2023 £ 28,493 12,025 85,442 661 790 12,873 11,537 621 6,312 15,548 44,549 |
|---|---|---|
| 218,851 | ||
| 170,277 48,574 |
||
| 218,851 |
8 Trustees
The Charity considers its key management personnel to be its Trustees. No remuneration or expenses were paid to the Trustees for their work within the PCC in this or the previous year.
9 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 1 | 1 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
9 Employees (Continued)
Employment costs
| Employment costs | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 29,560 | 28,493 |
In 2024 and 2023 the Parish Administrator was the sole employee.
There were no employees whose annual remuneration was more than £60,000.
10 Other expenses
| Professional fees Independent Examination Bank charges 11 Net gains on investments Revaluation of investments |
Unrestricted funds general 2024 £ 654 500 311 1,465 Endowment funds 2024 £ 558 |
Unrestricted funds general 2023 £ 575 1,020 293 |
|---|---|---|
| 1,888 | ||
| Endowment funds 2023 £ 2,097 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 12 Fixed asset investments Cost or valuation At 1 January 2024 Valuation changes At 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 |
Listed Investments £ 24,392 558 |
|---|---|
| 24,950 | |
| 24,950 | |
| 24,392 |
Fixed asset investments revalued
In 1971 the trustees of the allotment fund, at the request of the Parochial Church Council, and with the consent of the Charity Commissioners, sold a plot of land as a site for two houses. The PCC is entitled to the income arising on the accumulated fund and to the rents from the allotments, but not to the capital.
All investments are carried at their fair value. Holdings in common investment funds are at their market value.
| 13 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 14 Debtors Other debtors Prepayments and accrued income 15 Other creditors falling due within one year Other creditors Accruals and deferred income |
2024 £ 24,950 2024 £ 9,257 13,553 22,810 2024 £ 11,952 9,525 21,477 |
2023 £ 24,392 |
|---|---|---|
| 2023 £ 13,587 9,706 |
||
| 23,293 | ||
| 2023 £ 28,056 4,983 |
||
| 33,039 |
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
16 Endowment funds
Endowment funds represent assets which must be held permanently by the Parochial Church Council. Income arising on the endowment funds can be used in accordance with the objects of the Parochial Church Council and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
Permanent endowments
Wilton Church Allotments – CBF Church of England Investment Fund – income shares:
| £ | |
|---|---|
| Balance at 1 January 2023 | 22,296 |
| Revaluation gain | 2,096 |
| _ | |
| Balance at 1 January 2024 | 24,392 |
| Revaluation gain | 558 |
| ______ | |
| Balance at 31 December 2024 | 24,950 |
| ______ |
This comprises 1079.06 units at market value of 2312.27 pence.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
17 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Pews Hall refurbishment Charitable giving Mossy Church TukTuk Warm Spaces (Cosy Café/Soup) Ministry Experience Scheme Prayer Room Church Bells Fund Community Fridge Church Office Building Appeal Pews Hall refurbishment Charitable Giving Mossy Church TukTuk Warm Space (Cosy Café/Soup) Church Bells Fund Community Fridge Church Office Building Appeal Buildings and Projects Fund Bursary Fund Hall kitchen grant Men’s Shed grant |
Balance at 1 January 2023 £ 3,750 1,308 - 9 - 961 - 100 - - - |
Incoming Resources £ - - 11,823 178 2,500 3,250 981 140 1,821 6,074 24,588 |
Resources Balance at expended 31 December 2023 £ £ - 3,750 (465) 843 (11,823) - (91) 96 (1,990) 510 (2,322) 1,889 (981) - (240) - - 1,821 (6,074) - (24,588) - |
|---|---|---|---|
| 6,128 | 51,355 | (48,574) 8,909 |
|
| Balance at 1 January 2024 £ 3,750 843 - 96 510 1,889 1,821 - - - - - - |
Incoming Resources £ - - 12,885 - - 2,500 115 1,209 2,000 3,381 1,356 2,500 1,000 |
Resources Balance at expended 31 December 2024 £ £ - 3,750 (843) - (12,885) - (96) - (510) - (3,463) 926 - 1,936 (517) 692 (2,000) - (3,381) - (176) 1,180 (2,500) - - 1,000 |
|
| 8,909 | 26,946 | (26,371) 9,484 |
Charitable Giving represents cash collections for specific charities which are distributed to those charities as they are received. All other restricted funds represent donations and grants for specific church purposes which are treated as restricted income and used as the projects are undertaken.
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
18 Analysis of net assets between funds
| Fund balances at 31 December 2024 are represented by: Investments Current assets/liabilities Fund balances at 31 December 2023 are represented by: Investments Current assets/liabilities |
Unrestricted funds 2024 £ - 46,196 |
Restricted Endowment funds funds 2024 2024 £ £ - 24,950 9,484 - |
Total 2024 £ 24,950 55,680 |
|---|---|---|---|
| 46,196 | 9,484 24,950 |
80,630 | |
| Unrestricted funds 2023 £ - 50,080 |
Restricted Endowment funds funds 2023 2023 £ £ - 24,392 8,909 - |
Total 2023 £ 24,392 58,989 |
|
| 50,080 | 8,909 24,392 |
83,381 |
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PAROCHIAL CHURCH COUNCIL OF ST GEORGE’S CHURCH, WILTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
19 Related party transactions
During the year there were no related party transactions (2023: None).
| 20 Cash generated from operations (Deficit)/Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Fair value gains and losses on investments Movements in working capital: Decrease/(Increase) in debtors (Decrease)/Increase in creditors Cash (used in)/generated from operations |
2024 £ (2,751) (2,390) (558) 483 (11,562) (16,778) |
2023 £ 4,376 (2,020) (2,097) (12,998) 22,531 |
|---|---|---|
| 9,792 |
21 Analysis of changes in net funds
The Parochial Church Council had no debt during the year.
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