THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON CHARITY NUMBER 1134799 REPORT AND ACCOUNTS YEAR TO 31ST DECEMBER 2024 Contents Page No. Legal And Adminislrative Infornalion Parochial Church Council Report Independent Examinerfs Report Statement Of Financial Adivities Balance Stteel Notes To The Accounts 2-3 7-13 M. A. EOWARDS ACCOUNTANTS LIMITED CHARTERED ACCOUNTANTS, 26, THE GREEN, KINGS NORTON, BIRMINGHAM, 838 8SD
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR TO 31ST DECEMBER 2024 The Parochial Church Council of the EIe$lastICal Parish of St Nicolas, Kings Norton was foryned in 1974 by Order in Council and c#)mprises the churches of St. Nicolas, Immanuel, and Ha(e$ley. The goveming body is the Kings Norton Parochial Church Council. The goveming document is ltte cyjnslitution, which was aged at the Annual Parochial meeting in 2000. They registered wth ltte Charity Commission for England and Wales on 10th March 2010. They a also known as kn'ng8 Norton Parish Church, Kings Norton P.C.C., and K.N.P.C.C. hoffi Saint Nicolas Place, 81, The Green, Kings Norton, Birmingham, B38 8RU Telephone Number 0121458 3289 Email parishoff1@kingSnort0n.or9.uk Website ww.king8norton.org.uk St. Nicolas The Gen, Kings Norton, Birmingham, B38 8RU Hawkesley 376, Shannon Road, Hawkesley, Bimingham, 838 9TR nv The Diocese of Bimingham John Cadbury House 190 Corporation Stet, Bimiingham, 84 6QD CCLA Investment Management Limited, The CBF Church of England Funds, 80, Cheapside. London, EC2V 6DZ Ind nt Examiner Bankers M. A. Edwards Accountants Limited. Chartered Accountants, 26, The Green, Kings Norton, Binningham, B38 8SD. Lloyds Bank PIC., 798, Bristol Road Soulh, Northfield, Bimingham, B312NP.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR TO 31ST DECEMBER 2024 The Parochial Church Council of the E(£lesiasti¢al Parish of St Nicolas, Kings Norton present their report and finanaal statements for the year lo 31 st December 2024. f the Parochial Church Council al Co-operation wth the incumbent in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical., bl The Consideration and discussions of matters Conrning the Church of England or any other matters of religious or public interest, but not the dedaration ol the doctrine of the Church on any question., c) Making known and putting into effed any provision madè by the Diocésan Synod. but wthout prejudi to the pOVrS of the Council on any matter,. d) Giving advice to the Di0$8n Synod on any matter referred to the Council., el Raising such matters as the Council consider appropnale with Ihe Di0$8n Synod., The Parodiial Church Council members, vtho are all members of the church, vtho served during the year. V•re as follows :. Rev. L. Wright (Rector) Rev. D. Booker Rev. M. Benn(Joined May 20241 Rev. C MG4teer (Joined May 20241 Rev. J. Crooks M, Sandilands Ichufchwardenl A. Dickers Ichurchwardenl F. Fearon {D8anery Synod) J. Adams (Deputy Warden, joined May 20241 D. Chadderton D. Badger (Treasurer) A. Kaye-wrighl (Deanery and Diocsan Synods) P. Weavér {Lay Minister) S. Fox J. Clarke R. Honan (Lay Readér) C. Siheet P. Safoja (Joined 23109r20241 K. Knapp P. Shelton (Joined May 20241 P. Hay (Left May 20241 K. Bozic (Joined May 20241 P. Pordelkhaki (Left May 20241 S. Hill (Left May 20241 D. Ash (Left May 20241 E, Chan (Left May 20241 M. Mahmoodi (Joined May, left 1210912024} J. Hill (Left May 20241 The law applicable to charities in England and Wales, requires the Parochial Church Council members to ppare finanrial slalements for each financial year. These give a true and fair view of the slate of the affairs of the church's financial activits during the year, and of its finarscial position at the end of the year. In preparing those financial slalemenls, Ihe Parochial Chjjrch Council members a reqUId lo.. select suitable accounting policies and apply them consistently., make judgements and estimates that a reasonable and prudent., stale whether applicable accounting standards and slalements of CoMMended practice have been foll0vd, subject to any matenal departu$ disdosed and explained in the financial slalements., prepare the financial statements on the going concem basis unless it is inappropriate to pSuMe that the church sMII continue in operation. The Parochial Church Council members are responsible for keeping accounting records vthich disclose with aSonable accuracy at arsy time the financial position of the church and lo enable them to ensure that the financial slalemenls comply wth the Charibes Act 2011. They a also responsible for safeguarding the assets of the church and hen for tsking asOnable Steps for the prevention and detection of fraud and other irregularities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR TO 31ST DECEMBER 2024 nd nt Examin A resolution proposing the reappointment of M. A. Edwards Accountsnts Limited ag independent examiner will be put to the Annual Parochial Church Meeting. anisation of the The Paro¢ial Churth Council is led by the Incumbenvchurchwdrdens and comprises 12 lay people who are elected al the Annual Parochial Church Meetsng. There are also 10 ex officio membets. The Parochial Church Council have decided that the unrestricted funds not committed or presenting tangible fixed assets (free resetvesl held by the church should be at least 3 months of expenditure. It is consKlered necessary to have these reserves to keep the church running in the event of a fulure reduction in fijnding. vi The Parochial Church Council have reviewed the risks facing the church. Sl. Nicolas Place continues to requi subsidy from the Chur¢h and no provision is possible for its long temi upkeep. Sl Nicolas Church as a result is unable lo make its full conlribution to the Diocesan Common Fund, a position of concem to us and the Di(xese. The Parish Church of St NilaS is qUiring major repairs and updates which are becoming critical e.g the spire, the nave roof and the continued suspension of bell ringing. The senior churth members will continue to geek future sources of fvnding to guard against a significant reduclion in funding in thè future. When planning our activities for the year, the incumbent and Kings Norton P.C.C. have conSided the Commission's guidano on public benefit and, in particular. the specific guidance on charibes for the advancement of lIgIOn. This report was approved by the Parocial Church Council on and sned on its behalf by :_ Rev. L. WrvJht- ¢tor A. Dickers- Churchwarden M. Sandilands - Churchwarden
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON Independent examlnerfs report to the member¥ of the Parochlal Church Councll of the E¢cle8lastlc81 Parish of St Nicolas. Klngs Norton for the year ended 31st De¢ember 2024. I report on the financial statements of the Parochial Church Council of the Ecclesiastical Parish of Saint NIlIaS, Kings Norton for the year ended 31st Dec*mber 2024, which are sel out on pages 5 to 13. ofEx Lrtive ommittee m mbers and examin The Parochial Church Council is responsible for Ihe preparation of the accounts. They consider that an audit is not required for this year undef section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to.. Examine the accounts under $e¢tion 145 of the Chanlieg Act 2011., To lollow produ$ laid down in the general directions given by the Chanty Commissioners under section 145{5}Ibl of the Charities Act 2011., and To stsle wknelher particular mattèrs have come to my attention. 8asis of inde ndent min My examinalion wds carried out in acLordance wlh the general directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the Parochial Church Council and comparison of the accounts presented with those records.11 also indudès consideration of any unusual rtems or disdosus in the accounts, and seeking explanations from the Parochial Church Counal conceming any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently no opinion is given as lo lthether the accounts present a "true and fair, view and the report is limited to those mattets 581 out in the statement b81ow. In min lernen In connection bmth my frxamination, no matter has Come lo my attention.. - Which gives me asOnab ¢8u$e to believe that in any material respect the requirements.. To keep acryjunling records in accordan with section 130 of the Charilies Act 2011,. and To ppare accounts which accord wth the accounting records and comply wth the accounting requirements of the Charities Act 2011., Have not been mel,. or 2. To which, in my opinion, attention should be drawn in order to enable a proper understsnding of the a¢Munt5 to be aChed. Fo LLD Ld Date........... M.A. Edwards For and on behalf of :_ M. A. Edwards Accountants Limited, Chartered Accountants, 26, The Green, Kings Norton, Bimiingham,
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2024 2024 2023 Notes Unrestricted Restricted Endosmnent Fund5 Funds Funds Total Total In Incoming resOUrS from generated funds Voluntary income Investment income 81,676 3.132 89,637 171,313 3,132 90,725 2,905 84,808 89,637 174,445 93,630 Incoming resources from charitable activit8 130,764 130,764 158,893 Total incomlng $our$ 215,572 89,637 305.209 252,523 urcEs Ex nded Charitable activities Governaft cosls 315,899 750 39,237 355.136 265,124 750 750 Total $oUr9 expended 316,649 355,886 265,874 Nel inc)ming resources before other cOgnised gains and losses {101,0771 50,4IJO {50,6771 113,3511 GainllLossl on investment assets {2,7971 {2,7971 4,516 Net movement in funds 101,077 2,797 53,474 8,835 Accumulated funds bm 202,644 59.117 47,935 309,696 318,531 Accumulaled funds cjf 9-12 101,567 109,517 45,13 256,222 309,696 The Ere no recognised gains or108ses except as shown above. The noteg on pages 7-13 fom part of Ihese accounts.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON BALANCE SHEET AS AT 31ST DECEMBER 2024 Notes 2024 2023 Tangibles Investment5 77,775 45,138 78,400 47,935 Cu ntA Cash at bank and in hand Debtors 135,809 10,373 56,019 136,199 146,182 192,218 Less Creditors - amounts fallin9 due wlhin one year 12.873 8,857 Nel Current Assets 133.309 183,361 Nel Assets 256,222 309,696 Unrestricted funds Restricted funds Endowment funds 10 101,567 109,517 45,138 202.644 59,117 47.935 11 Total church funds 12 256,222 309,696 The notes on page8 7-13 fom part of these accounts. These financial statements N%ere approved by the Parochial Church Council on and s¢gned on ils behalf by :" Rev. L. Wrig -Te Rector A. Dickers- Churchwarden M. Sandilands- Churchwarden
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 ACCOUNTING POLI un nv The financial statements are prepafed undèr the historical cost convention. as modifk8d by fixed asset inveslrrEnts being induded at market value, and in accordance with the Chanties Act 2011. They also follow the remrrndaI1OnS in Aceounting and Reporting by Charities.. Ststement of Recommended Practice FRS 102 issued in January 2015 and the Church Accounting Regulations issued in July 2006. Incomin Resou Voluntsry income is recatved by way of donations and gffts and is induded in full in the Statement of Financial Activities when receivable. The value of services Pfovided by volunteers has not been induded. Grants are recognised in full in the Slalement of Fingnual Activfties in the year In whlch they afe receivabb. and tho ¢hur¢h has fuilled all conditions for its receipt. Investment income is induded when it is rèceivable. In Resources expended are fecognised in the year in which they are incuTred. Resources expended indude attributable VAT which cannot b8 recovered. Governan costs aro the costs of moèting constilullonal and statutory requirements. Th8 Unre$lricted fund are incoming resourG8s which are used for the objocl$ of the church, wrthoul any spo¢ified purpose or further restriction. Reslficted funds Can onty be used for the $pg¢ifi¢ purposes as dècided by the donor, wrthin the objects of the Ghurch. De$i9noted funds aTO unrèstricted funds, which have been eamarked by the Parochial Church Counal for particulaf purposes. Endowmonl funds ore special wslricted funds. which cannot be spent. bul must be invested and any income from them spent on Specific purposes as deckled by the donor. Freehold properties are slated in the balance sheet at cost or valuation. Depreciation is provided so as to write off the cost of the assets in equal inslalrrents over the eslimaled useful live$ of the assets. The ¢Jeprecialion rates used 8re :_ Freehold land Freehold buildings Equipment 1% per annum. A8501s are fully depre¢i4tsd. Investlnts 8re stated at market value. Realised and unrealised gain$ or losses are included in the SlaleTnenl Of Financial Activities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 INCOMING RESOURCE 2024 2023 Volun min Historic England - grant Other grants Planned giving Inwme tax recovered Collections al servtces Grft days and donation$ Logacie$ 83,922 1,800 53,875 11,988 2,327 15.189 2,212 53,822 12,417 367 24,119 171.313 90,725 Inv strrnnt inco Income on Ilsled investments Interest on deposit accounts 3,044 88 1,953 952 3,132 2,905 in Events and other activitsgs Income from buildings Fees for special services Instsranc8 claim8 6,213 44,440 37,038 43,073 4,158 66,537 66.410 1.788 130,764 158,893 Total incoming re8oLITC43 305,209 252.523 TAL RE EXPENDED No furthef analy$i$ 1$ nec*ss8ry, as the church only has one activ. For analysis of expenditure see note 13.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 NET INCOMINGIOUTGOING RESOURCE 2024 2023 This is staled after charging Depreciation Indopendent examinerfs remuneration Salarie$ Pension¥ Social security Average number of employees CounGil members, expenses Council mberS, remun8ration 625 1.900 66,091 4,794 7.623 625 1,440 59,916 9,482 7,593 No employee feceived more than £60,C4)0 and there Te no re18ted party trans8¢Xions. The bad d8bl incurred of £102,781 was in respect of SN Place CIC. whlch wa$ thè operating Goryany gt St.Nicolas Place, 81 The Green, Kings Norton. See Note 7. FIX Fof charitable use Freehold Land and Buildings Equipfflent Total 8al•no blf Additions Disposals 8olanGe df 90,000 8.508 98,508 90.000 8,508 98,508 Accumulated de B81ance blf Charge for the year Dlsposals Balance cjf Net book value bm Net book value cjf recialion 11,600 625 8.508 20,108 625 12,225 8,508 20,733 8,40 The P.C.C. has fv40 churches in use, Sl. Nico185 arml Hawkesley. Immanuel Church I0rIY met at Sl. Nicolas Place, but now part of St. Nicolas Church. Sl. Nicolas Place is used by the pari$h office, as well as for meeting rooms and storage. For a 1Ve month period the value of this benefit to the church has been approximated al £10,000. Hawkesley chUh meets al Hawkesley Church Primary School In the Pastoral Centre which is owned by the P.C.C. The P.C.C. owns Sl. Nicolas Place and the Old Grammar School. As Saint Nicolas Church is on consecr81ed ground, and both St. Nicolas Plac* and the Old Grammar School arg very old and too drffjcum lo value, all of these have been exduded ftom the a¢unts. The propety, located 8t 372, Shannon Road, included in18nd and buiklings, was sold after the end of the year on 9th January 2025.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 INVESTMENT FIXED ASSET 2024 Listed Investment$ Bèlanee blf Net deficf( on revaluation 47,935 12.7971 Balano clf 2024 2023 Isaac6 èndowmenl Leonard Buckkgy endowment 8.511 36,627 12,794 35,141 The Isaacs endowment investments are with the CBF Church of England investment lund shares. All investments Ore held in the U.K. lo provide an investment relum for the church and are valued al market value. DEBT 2024 2023 Other debtor8 10,373 136,199 The PCC 'lorgave' a residue unpaid debt in 2024 owed by the SN Place Community Interest Company of £102,781 when it ceased trading in 2023. The company was finally dissolved in September 2024. REDIT 2024 2023 Operatlng credhoryJ A¢¢ruals 11,193 1,680 7,417 1,440 12.873 8,857 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THEYEAR TO 31ST DECEMBER 2024 MOVEMENT LATED RESTRICTED FUNDS 8alanc*8 BIF Balances CIF Income Expenses Church Mainten4nee Bri115h Legion st.Mas Hospi Pkn's Group Kings Norton United Charrties Rector's Discretionary Fund oUard gNing Christian Aid Water he81er 8ell & Tower Historic England Embr8ce ME 59,117 (27,894 88} 31,223 88 30 142 {48) 15661 500 1.720 475 416 1,191 83.922 539 500 11,7201 14751 14161 1,191 75,992 439 17,9301 11001 59.117 ,637 39,237 109,517 The expendilufe from the Chyrch Mainlen8ne8 fund Is represented by restrlcled fabric spend attributed to unre8lricted funds in prior y08rs. We have Invested £75,992 of Ouf Historic England grant in tho CCLA deposit a¢¢ounl$ lo obtsin a better rotum. The CCLA Accunt3 also include £9,008 of insurance claim re-imbursemenls. The Church m$inleninee fund is used to maintain Sl. Nicola8 Church. other funds Consist voriou$ly of thos6 foi church msssion and outward glvlng purposes.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 ST DECEMBER 2024 10 M VEMENT ON ACCUMULATED RE Hawke$ley Immanuel Church Chureh General Designated Designated Unrestricted Fund Fund Fund Totsl Balances blf Incorr ExFenditu Transfer8 4,081 6,288 192,275 202,644 215,572 215,S72 1316,64911316,649) 10,369 14,081} 16,2881 8818nces clf 101567 101.S67 11 M VEMENT LATE Leon•Td Buckley Fund J.c.c. Isaacs Fund Totsl Balanc¥s bff Unr8allsed deficrt on investmnls 35,141 1,486 12.794 47,935 14,283) 12.7971 Balanc*s cjf 36,627 8,511 12 AN ET BETWEEN THE F ND CCLA Cash at Bank Other Cash at Bank Inve81- nts Fixed As301$ Oebtor¥ Creditors Totsl L¢onard 8ud(Y Fund J.C.C. Isa4¢s Fund Restricted funds Unreslrided Fund 36,627 8.511 36.627 8,511 2,302 109.517 17,284 101,567 107,215 9,008 77,775 10,373 112.873 116223 19 586 256.222 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 13 IN ME AND EXPENDIT RE ACCOUNT 2024 2023 In min Resources Historic England - grant Other grants Planned giving Income tax recovered Collections at services Gift days and donations Legacies Events and other activilEs Income from buildings Fees for special services Insurance daims Dividends and Inte$t 83,922 1,800 53,875 11,988 2,327 15,189 2,212 6,213 44,440 37,038 43,073 3,132 305,209 53,822 12,417 367 24,119 4,158 86,537 66,410 1,788 2.905 252,523 Gain on investments 4.516 257,039 305,209 Overseas mission grants UK missions & church grants Magazine, book8 & fair trade Fees disbursements Common fund CleffJy expenses Church running expenses Salary, training & support $ts Pen$ion$ Administration Building repairs SN Pla CIC- bad debl Maintenance and servirjng DepriatIOn 1,350 331 6,449 9,077 12,0fy) 3,261 79,033 73,51)0 4,794 26,594 13,681 102,781 22,410 625 1,248 4,782 5,733 22,602 12,000 2,096 60,706 67,509 9,482 18,360 34,644 26,087 625 355,886 265.874 Loss on investments 2,797 Deficit for the year 53,474 8,836 13