-I[ST LUKE'S PARKSTONE St Luke's Parkstone Parochial Church Council Annual Report and Financial Statements for the Year Ended 31 December 2024 Page I Charity registration number: 1134767 Annual Report and Accounts of the Parochial Church Council 2024 l. Introductlon This Annual Report is produced by the Parochial Church Council IPCC) for the Annual Meeting of St Luke's Church th Parkstone on 27 April 2025 as required by Church Legislation and in accordance with the requirements of the Charities Act 1993 and the Guide to the Statement of Recommended Practice 2005 revisions. It includes the PCC Secretary's Report and Vicars, Report as chair of the PC.C and the Financial Statement of the Parochial Church Council for the year ending 31, December 2024, independently audlted as required and approved by the PCC. This Report Is presented to the Annual Parochial Church Meeting, together with the following: a) A Report on changes in the Electoral Roll Since the last Annual Meeting- to be given by the Electorol Roll Officer. bj A Report upon the Fabric, Goods and Ordinance of the Church - Given by the Churchwardens at the APCM c) A Report on the proceedings of the Deanery Synod d) Reports from other groups not included within this report -. distributed electronically and available in paperform. 2. Membershipi Election and Purposes of PCC, Standlng Commlttee and Finance Team and sub-committees (Teams): The Membership of, Election to, and the Purposes and Functions of the PCC are in accordance with the Church Representation Rules and the PCC (Powers) Measure a5 amended and are as set out in St Lulce's PCC and 'Explanation of the Parochial Church Council, Document, which is supplied to all new PCC members, Standing Committee and Sub-committees, and is available to all members of the church. The membership of the PCC for the year 21" April 2024 to 2fh April 2025 Incumbent Revd Stuart Cocksedge. Churchwardens Kate Wyatt. and Ben Counsell* Hon Treasurer Steve Bl ight. Deanery Synod rian Finch and Richard Hudson plus one vacancy Elected to 2025 Kate Giles, Carole Schouten, Lis Cullis, Christine de Winton-Gilbert IPCC SeLretaryl, Elected to 2026 Steve Blight* John Bassett, Margaret Lloyds, Harriet Sturgess Elected to 2027 Martin Holst, Anne Roberts, Julie Murphy. Roger Jones. (Electoral Roll Officer) LLMS John Pattison, Justin Coldstream Attendlng: Anna Counsell {Children's and Families Minister), Dan Washbrook (Curate). The names of those occupying more than one p051tion are in italics on second and 5ubseouent occasions. Members of the Standing Comrnittee are marked with an asterisk. St. Luke's Church PCC has the responsibility along with the incumbent, Revd Stuart Cocksedge to promote in the Parish the whole m ission of the Church, Pastoral, EvangeSi5tic, Social and Ecumenical. The PCC 15 also spe.cifically responsible for the maintenance of the Church premises and the Church Hall at 37 Birchwood Road. The PCC 15 committed to its Statement of Purpose and to enable as many people as possible to become mernbers of the Church Community at St. Lulce's. The PCC together with its Sub-committees seeks to develop and grow the life of the Church, its M inistry and M ission through its services and other activities as faith is appl led to the whole of life. When planning our actlvities for the year, the incumbent and the PCC are aware of the guidance on public benefit issued by the Charity Commission and. in particular, the specific guldance on charitie5 for the advancernent of religion. This Is expressed in our Statement of Purpose: To be a Communit of Whole Llfe Disci les of Jesus Chrisv. Within this we place a high priorlty on pastoral care and servlng all living in the Parish and local community. Page 2 In addition, the Vicar, who is responsible for overseeing the worship and ministry of the church meets with those Involved in Worship, Teaching, Pastoral Care, Youth and Children's Ministry, Connect Groups, Safeguarding, Overseas and Home Mission and others. There are three formal Sub-commlttees (Teams) of the PCC, which meet regularly during the course of the year and report bac[< to the PCC. The Three Teams and their Chairs forthe past year have been; Standing & Finance Commlttee Revd Stuart Cocksedge Fabric Malntenance & Development Roger Jones Church Hall Anne Roberts As a church we do take the issue of Safeguarding seriously. We have had a safeguarding policy in place since 2000. Our Parlsh Safeguard i ng Off icer is Julie Murphy. Electrics and Fire Extinguishing Equi pment a re regularly Serviced. A formal Fire Ris1( Assessment has been undertaken. We ask all groups to undertake Risk Assessments when using the church faci lities a nd we have a Health a nd afety Policy in place. On Behalf of the PCC.............. Chairman Date: Page 3 3. Reports on the Work of the PCC, Leadership/Standing Commlttee Minutes of the bi-monthly Parochial Church Council meetings are pinned on the board in the North Aisle of the Church, giving deta ils of the vario us Council decisions and d iscussions during the yea r. Copies of minutes are available on request for Church Members, In addition, the PCC spends time in prayer and worship. The following are the major items disCUS5ed in 2024 with meetings taking place in the Church Rooms: a) The welcoming of new members b) Approval for Steve Blight to be our Honorary Treasurer and Christine de Winton-Gilbert to continue as PCC Secretarv. c) Approval for Roger Jonesto continue as our Electoral Roll Officer and Julie Murphy to continue as our Parish Safeguarding OfFicer d} Approval of our Mission tithe for the year. e) Church Finances; approval of the budget for 2025. fl Approval for appointments to the Standing and Finance and other Committees. g) Safeguardlng: this is a standing item on the agenda with our safeguarding officer, Julie Murphy attending and advising. Kate Giles became Deputy Safeguarding Officer. h) Flnance: Is a standing item on the agenda with Steve Blight updating the PCC. New card terminal set up in church, New Parish Share Scheme, legacy money and howto increase giving were some of the items discussed. il Pastoral Care: The team continued to meet regularly. Marianne Mutlow stood down as leader of the Team and Julie Murphy has taken over as leader with support from Carole Blight and Margaret Lloyds. Thank you to Marianne for her many years leading the team. j) PCC Away Daytook place in Mayfocusing on thinking big about the future k) Approval for St. Luke's ACTS to perform 'Joseph and the Amazing Technicolour Dreamcoat, at the Church Hall in 2025. l) Approval for Stuart to be licensed as incumbent on 12th January 2025 m) Prayer Ministry- Ruth Grieg stepped down from leading-thank you to her. Andrew and Lis Cullis will now lead this group. n) Church Hall: Various repairs and improvements carried out, approval to increase spending limit from £1,000 to £3,000 without the need to consult the PCC, Rental charges increasing in 2025 o} Church Fabric: Approval to install a dishwasher in the church kitchen, Roof repair in the south aisle, looking into options regarding changing our heating system in the church buildin& approval to install TV screen in the side aisles. p) Misslon: A visit from the Pain family (our OMF partners) on 14th July, which was also our Gift Day, l (220,848) (400) (400) (178,723) 129,178) (21,486) (229,387) (221,307) (30,603) 32,025 13,508 132,025) (5,761) (22,856) 43,996 1,422 (18,517) (5,761) (22,856) 43,996 130,048 89,322 7,995 227,365 183,369 131 4 204 509 All of the charity's activities derive from continuing operations during the above two periods Page 10 St Luke's Parochial Church Council (Registration number: l 134767) Balance Sheet as at 31 st December 2024 2024 2023 Notes Fixed A55ets Tangible Fixed Assets Investments Total Assets 83,107 83,306 14 108,181 191,288 127,257 210,563 Current Assets Stocks Debtors Cash at Bank and in hand Total current assets 314 2,760 10,471 13,545 559 2,544 13,699 16,802 Creditors falling due in one year Net Current Assets (324) 13,221 16,802 Total Assets less current liabilities 204 509 227 Funds General Designated Restricted Total Funds 131,470 70,804 2,235 130,047 89,323 7,995 04 Page 11 St Luke's Parochial Church Council Notes to Financial Statements for the Year ended 31 st December 2024 l. Accounting policies Statement of compliance The financial statements have been prepared in accordance with 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) (effective l January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 Basis of preparatlon St Lulce's Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inilially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Reserves Policy The trustees have agreed that cash reserves equivalent to six months day to day expenditure should normally be maintained in the General fund as a buffer against Ios5 of income which is almost wholly reliant on donations and legacies which cannot necessarily be relied upon. Page 12 St Luke's Parochial Church Council Notes to Financial Statements for the Year ended 31 st December 2024 Income Voluntary income including donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donatlons and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Other tradlng activitles Other trading activities include events, such as rummage sales, property let income and magazine sales. Investment income Banlc interest Charitable activities Provision of church services and activities for the community. Page 13 St Luke's Parochial Church Council Notes to Financial Statements for the Year ended 31 st December 2024 Expenditu re All expenditure is recogni5ed once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raislng funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in its delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grant provisions Provisions for grants are made when the intention 10 make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Government grants These are recogni5ed based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either revenue or assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grant5 relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognized as deferred income. Page 14 St Luke's Parochial Church Council Notes to Financial Statements for the Year ended 31 st December 2024 Taxation The charity is considered to pass the test set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity IS Potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500 or more are initially recorded at cost. Consecrated and beneficial property is excluded from the accounts by the Charities Act2011. Expenditure on tangible fixed assets not owned by the PCC is charged to the Income and Expenditure Accounts when incurred. Other tangible fixed assets are stated at estimated market value at I st January 1997 with subsequent additions capitalized and valued at historic cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their useful economic life as follows: Asset class Church hall Furniture and equipment Depreciation method and rate l% pa on straight line basis 15% pa on reducing balance Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short- term highly liquid investments that are readily convertible to a l