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← The Parochial Church Council Of The Ecclesiastical Parish Of St Philip And St James, Leckhampton With St Christopher's, Warden Hill

2024-12-31-accounts

PARISH OF ST PHILIP AND ST JAMES, LECKHAMPTON WITH ST CHRISTOPHER’S, WARDEN HILL ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2024 CHARITY NUMBER 1134837

Administrative information

Parish of St Philip and St James, Leckhampton with St Christopher’s, Warden Hill is situated in Cheltenham. It is comprised of the church of St Philip and St James, Leckhampton together with its daughter church St Christopher’s, Warden Hill. It is part of the Diocese of Gloucester within the Church of England. The correspondence addresses are as follows:

St Philip and St James Church, Grafton Road, Cheltenham, GL50 2DD (www.pipandjims.org.uk).

St Christopher’s Church, 1 Lincoln Avenue, Warden Hill, Cheltenham, GL51 3DD – (www.tciwh.org.uk)

The names of the current trustees of the PCC are disclosed on the Charity Commission website.

Structure, governance and management

St Christopher’s, Warden Hill was built as a daughter church to St Philip and St James, Leckhampton in 1961. Each church has its own independent Church Council with the combined Parochial Church Council of the parish being made up of the members of each of the Church Councils.

In 2010 St Christopher’s became part of a local ecumenical partnership (LEP) with the United Reform Church of Warden Hill. As of 31 August 2022 the LEP was dissolved.

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.

Objectives and Activities

St Philip and St James, Leckhampton with St Christopher’s, Warden Hill PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the properties owned by the churches.

Achievements and Performance

The achievements and performance of the two churches are set out in the individual reports prepared for each church’s AGM. These are available from the correspondence addresses above.

Financial Review

The two churches within the parish operate their finances independently from one another. Each church adopts its own accounts at its individual AGM and these individual accounts are adopted at the PCC AGM.

St Philip and St James excluding Youth Work

For the 2024 financial year the net funds available to the Church increased by £25k, or a decrease of £6k if non-recurring items are excluded.

Total assets were in excess of liabilities by £191k or £117k if fixed assets are excluded. In terms of the balance excluding fixed assets there was £33k invested in CCLA investment funds, £63k in current or deposit cash accounts with the remainder of the net assets consisting of gift aid debtors, and sundry debtors and creditors.

More information on the Church’s income and expenditure is provided in the accounts document that is made available for the AGM.

South Cheltenham Youth Work

For the 2024 financial year expenditure exceeded income by £7k. Youth work cash held and other related assets and liabilities at the end of 2024 totalled £34k.

The Church in Warden Hill

For the period 1 January to 31 December there was a deficit of income over expenditure of £6k and the overall financial position at 31 December 2024 showed total assets in excess of liabilities amounting to £19k.

Reserves policy

St Philip and St James, Leckhampton

It is Church Council policy to maintain a balance on unrestricted funds (if possible) of £50,000 to cover all running costs for a period of 3 months.

At the end of 2024 there were actual unrestricted reserves of £175k of which £101k were considered liquid. Following the completion of the re-ordering project the Church is looking to strengthen its financial position via the hire of the re-ordered Church space and facilities to external parties.

The Church in Warden Hill

It is Church Council policy to maintain a balance on unrestricted funds (if possible), which equates to approximately six months unrestricted payments, to cover emergency situations that may arise from time to time. The balance as at 31 December was £12k and the Church is looking to strengthen its financial position via prudent management.

Future outlook

The two churches will continue to pursue a wide range of activities to fulfil the mission of the church.

Year end 31 December 2024 accounts for:

Whilst St Philip and St James, Leckhampton and St Christopher’s Church are part of the same Church of England parish their finances are run separately, and their accounts are subject to the approval of the separate Church Councils. As such the accounts are presented separately in this document and are subject to separate independent examinations.

The accounts for the Church of St Philip and St James, Leckhampton are prepared on an accruals basis and comply with the requirements of FRS 102 and the Charities SORP.

The accounts of the Church in Warden Hill and St Christopher’s Church are prepared on a receipts and payments basis.

1

Parish of St Philip and St James, Leckhampton Accounts review for year ended 31 December 2024

The income and expenditure in respect of the South Cheltenham team ministry youth work are included in these accounts but shown separately from the standalone results of St Philip and St James.

Net movement in funds

£k 2024 2023 2022 2021
2020
Incoming resources excluding major one-off items 238 242 224 178 135
Resources expended excluding major one-off items (244) (276) (244) (185) (158)
Movement in funds excluding non-recurring items
and depreciation		 (6) (34) (20) (7) (23)
Legacies 3 51 50 8 1
Depreciation on Church reordering fixtures and
fittings		 (12) (12) (13) (13) (1)
Church re-ordering and associated activity 39 1 (43) (968) (885)
Proceeds of Acton Trust liquidation 0 0 0 133 0
Investment gains / (losses) 1 2 (4) 0 4
Net movement in funds P&J only 25 8 (30) (847) (904)
Youth work incoming resources 26 23 7 20 24
Youth work resources expended (33) (27) (15) (20) (20)
Youth work net movement in funds (7) (4) (8) 0 4
Net movement in funds including youth work 18 4 (38) (847) (900)
Balance sheet
£k 2024 2023 2022 2021 2020
P& J balance sheet
Fixed assets–other 74 86 98 111 50
Investment assets–CCLA short term bond fund 16 15 14 16 53
Investment assets–CCLA investment fund 17 17 16 18 34
Amounts receivable from SCC team for Youth
Worker		 10 - - - -
Gift aid receivable 9 8 10 29 34
Amounts receivable in respect of church hire 5 - - - -
Other debtors, prepayments and accrued interest 1 1 - - -
Cash deposit account 50 100 90 69 734
Current account 13 21 13 24 138
Loan liabilities 0 (75) (75) (75) (5)
Other liabilities (4) (7) (8) (3) (2)
P&J net assets 191 166 158 189 1,037
Of which liquid unrestricted net assets 79 50 32 40 911
Youth work balance sheet
Other debtors (gift aid recoverable) 1 1 1 2 2
Current account 45 41 61 53 52
Liabilities (increase in 2022 reflects delayed
payment of SCC team Parish Share)		 (11) (1) (17) (2) (2)
Youth work net assets 34 41 45 53 52
Total net assets including youth work 224 207 203 242 1,088
Of which restricted 50 59 63 79 109
Of which unrestricted and designated 175 148 140 163 979

2

Restricted and designated funds

£k 2024 2023
Choral tradition 2 4
Community activities 11 12
Ukraine 0 0
St Andrew’s, Ramallah 3 1
David Mace memorial 1 1
Total restricted funds P&J 17 18
Youth work 33 41
Total restricted funds including youth work 50 59

INCOMING RESOURCES P&J EXCLUDING YOUTH WORK

1. Voluntary Income

£k 2024 2023
Parish Giving 102 102
Income tax recoverable on Parish Giving Scheme 26 23
Other planned giving 8 8
Other giving 6 6
Income tax recoverable (non-PGS) 4 5
Collections (open plate) 5 3
Sundry donations (including coffee) 7 4
Grants (£5k Sylvanus Lysons for community
engagement office)		 0 5
Charity collections 6 6
Legacies (4 unrestricted legacies received in year) 3 51
TOTAL 167 213
£k 2024 2023
Gift aided and non-gift aid donations and tax
recoverable		 24 1
Forgiveness of £15k of loan liability 15 0
TOTAL 39 1
£k 2024 2023
Donations received at church run activities (not shown
separately in 2023)		 22 Included in
64 below
Other income from church hire 41 64
TOTAL 63 64

3

INCOMING RESOURCES P&J EXCLUDING YOUTH WORK (continued)

  1. Investment return
£k 2024 2023
Dividends from CCLA investment funds 1 1
Interest on CCLA deposit account 5 4
Gains / (losses) on revaluation of CCLA short duration
bond fund and investment fund		 1 2
TOTAL 7 7

RESOURCES EXPENDED

  1. Charitable giving
£k 2024 2023
Support to St Andrew’s Church, Ramallah, Palestine 6 0
Charitable giving out of planned income (3) 4
Other charitable giving from collections and events 4 6
TOTAL 6 10

£5.5k given to St Andrew’s during the year of which £1.5k related to congregational giving. At 31 December 2023 there was £2.6k of restricted funds relating to further congregational giving for St Andrew’s which will be used for future giving.

The negative £3k in relation to charitable giving out of planned income reflects the Church’s decision not to make £4k charitable donations which were accrued in 2023 due to projected budgetary deficits.

Other charitable giving includes £0.5k in respect of Christmas collections, £1.3k Book event, £0.5k YMCA, £0.5k Children’s Society from Christingle and £0.4k Mental Health Research.

  1. Charitable activities - directly relating to the work of the church
£k 2024 2023
Parish Share 104 99
Contribution to team expenses 1 1
Clergy expenses and other staff expenses 1 1
Church running expenses–gas and electricity 6 44
Church running expenses–cleaning 9 9
Church running expenses–insurance 7 7
Church running expenses–other 2 1
Upkeep of services (includes Musical Director salary) 21 19
Church maintenance 15 23
Depreciation of furnishings 12 12
Parish Office costs (includes Parish Administrator
salary)		 32 23
Other salaries (including Venue and operations
managers)		 27 27
Support costs relating to activity of church and expenses
relating to church run events		 4 7
Youth worker contributions / expenses 3 1
Expenses in relation to Community support 2 1
Fees paid to GDBF / choir 2 2
TOTAL 248 277

4

RESOURCES EXPENDED (continued)

YOUTH WORK SUMMARY

£k 2024 2023
Parish Giving Scheme donations and tax recovered
Other giving
Income tax recoverable
Other income
Cheltenham Network Church contribution
P&J contribution
Other PCC contributions		 5
2
0
4
0
1
13		 5
2
0
3
6
1
6
TOTAL YOUTH WORK INCOME 26 23
Staff costs
Other Youth ministry costs		 32
1		 22
5
TOTAL YOUTH WORK EXPENDITURE 33 27
NET MOVEMENT IN FUNDS (7) (4)

5

The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Statement of Financial Activities
For the year ended 31 December 2024
Unrestricted
Restricted
Funds
Funds
Note
£
£
INCOMING RESOURCES
Voluntary Income
2(a)
160,792
6,374
Church re-ordering
2(b)
0
38,862
Income from church activities
2(c)
5,270
0
Activities for generating funds
2(d)
63,375
0
Income from investments
2(e)
5,405
0
Other incoming resources
2(f)
0
0
TOTAL INCOMING RESOURCES
234,842
45,236
RESOURCES EXPENDED
Costs of charitable activities
3(a)
245,789
7,787
Cost of governance and fund raising activities
3(b)
1,887
0
TOTAL RESOURCES EXPENDED
247,675
7,787
NET INCOMING/(OUTGOING) RESOURCES
(12,834)
37,449
TRANSFERS BETWEEN FUNDS
6
38,862
(38,862)
(LOSSES) / GAINS ON INVESTMENTS
852
0
NET MOVEMENT IN FUNDS
26,881
(1,413)
BALANCES BFWD AT START OF YEAR
ST P&J EXCLUDING YOUTH WORK
147,682
18,344
BALANCES CFWD AT END OF YEAR
ST P&J EXCLUDING YOUTH WORK
174,563
16,931
South Cheltenham Youth Work
TOTAL INCOMING RESOURCES
3(d)
0
25,527
TOTAL RESOURCES EXPENDED
3(d)
0
32,959
NET MOVEMENT IN FUNDS
3(d)
(0)
(7,432)
BALANCES BFWD AT START OF YEAR
ST P&J INCLUDING YOUTH WORK
147,682
59,049
BALANCES CFWD AT END OF YEAR
ST P&J INCLUDING YOUTH WORK
174,563
50,204
END OF STATEMENT OF FINANCIAL ACTIVITIES		 The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Statement of Financial Activities
For the year ended 31 December 2024
Unrestricted
Restricted
Funds
Funds
Note
£
£
INCOMING RESOURCES
Voluntary Income
2(a)
160,792
6,374
Church re-ordering
2(b)
0
38,862
Income from church activities
2(c)
5,270
0
Activities for generating funds
2(d)
63,375
0
Income from investments
2(e)
5,405
0
Other incoming resources
2(f)
0
0
TOTAL INCOMING RESOURCES
234,842
45,236
RESOURCES EXPENDED
Costs of charitable activities
3(a)
245,789
7,787
Cost of governance and fund raising activities
3(b)
1,887
0
TOTAL RESOURCES EXPENDED
247,675
7,787
NET INCOMING/(OUTGOING) RESOURCES
(12,834)
37,449
TRANSFERS BETWEEN FUNDS
6
38,862
(38,862)
(LOSSES) / GAINS ON INVESTMENTS
852
0
NET MOVEMENT IN FUNDS
26,881
(1,413)
BALANCES BFWD AT START OF YEAR
ST P&J EXCLUDING YOUTH WORK
147,682
18,344
BALANCES CFWD AT END OF YEAR
ST P&J EXCLUDING YOUTH WORK
174,563
16,931
South Cheltenham Youth Work
TOTAL INCOMING RESOURCES
3(d)
0
25,527
TOTAL RESOURCES EXPENDED
3(d)
0
32,959
NET MOVEMENT IN FUNDS
3(d)
(0)
(7,432)
BALANCES BFWD AT START OF YEAR
ST P&J INCLUDING YOUTH WORK
147,682
59,049
BALANCES CFWD AT END OF YEAR
ST P&J INCLUDING YOUTH WORK
174,563
50,204
END OF STATEMENT OF FINANCIAL ACTIVITIES		 Restricted
Funds
£
6,374
38,862
0
0
0
0		 2024
£
167,166
38,862
5,270
63,375
5,405
0
TOTAL		 2023
£
213,371
667
10,823
63,525
4,998
290
FUNDS
45,236 280,078 293,674
7,787
0		 253,576
1,887		 286,565
1,822
247,675 7,787 255,462 288,387
(12,834) 37,449 24,615 5,288
38,862
852		 (38,862)
0		 0
852		 0
2,319
26,881 (1,413) 25,468 7,606
147,682 18,344 166,027 158,421
174,563 16,931 191,494 166,027
0
0		 25,527
32,959		 25,527
32,959		 23,242
27,363
(4,121)
(0) (7,432) (7,432)
147,682 59,049 206,731 203,246
174,563 50,204 224,767 206,731

6

The Church of St Philip and St James, Leckhampton The Church of St Philip and St James, Leckhampton The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Balance Sheet at 31 December 2024 Note 2024 2023
FIXED ASSETS £ £
Tangible fixed assets - other 5(a) 73,645 85,919
Investment assets 5(b) 33,442 32,194
CURRENT ASSETS 107,087 118,113
Debtors and prepayments 7 24,729 9,204
Short term deposits 50,338 99,617
Cash at bank 13,336 20,950
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 88,403 129,771
Current liabilities 8 (3,995) (6,857)
NET CURRENT ASSETS 84,407 122,914
LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR
Loan liabilities 8 0 (75,000)
NET ASSETS ST PHILIP AND ST JAMES ONLY 191,494 166,027
Youth work bank account 44,939 40,571
Youth work debtors 7 819 1,272
Youth work liabilities 8 (12,485) (1,138)
NET ASSETS INCLUDING YOUTH WORK 224,767 206,731
FUNDS ST PHILIP AND ST JAMES ONLY 6
Unrestricted - non-revaluation reserves 174,563 147,682
Restricted 16,931 18,344
191,494 166,027
FUNDS INCLUDING YOUTH WORK 6
Unrestricted - non-revaluation reserves 174,563 147,682
Restricted 50,204 59,049
224,767 206,731
Approved by the Church Council and signed on their behalf: Dated:
Dated:
END OF BALANCE SHEET

7

The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
2
INCOMING RESOURCES
Unrestricted
funds
£
2(a)
Voluntary Income
Planned giving:
PGS gift aid donations
94,602
PGS non gift aid donations
7,384
PGS tax recoverable
25,673
Standing order gift aid donations
2,832
Standing order non gift aid donations
2,835
Other planned giving
1,700
Other non-planned giving
6,445
Other income tax recoverable
4,272
Collections (open plate) at all services
5,280
Coffee donations
1,061
Sundry donations
5,622
Other non-recurring grants
0
Charity collections
0
Legacies
3,085
160,792
2(b)
Church re-ordering
Gift aid donations
0
Non gift aid donations
0
Other income
0
Gift aid recoverable
0
0
2(c)
Income from church activities
Fees
4,020
Other
1,250
5,270
2(d)
Activities for generating funds
Donations received at church run groups
21,999
Other income from church hire
41,375
63,375
2(e)
Income from investments
Dividends from investment funds
868
Interest from cash deposit funds
4,537
5,405
2(f)
Other incoming resources
Insurance claims
0
0
TOTAL INCOMING RESOURCES
234,842		 Restricted
Funds
£
0
0
0
0
0
0
0
25
0
0
0
0
6,349
0
6,374
11,860
25,050
115
1,838
38,862
0
0
0
0
0
0
0
0
0
0
0
45,236		 2024
2023
£
£
94,602
93,244
7,384
8,560
25,673
23,311
2,832
3,877
2,835
4,495
1,700
0
6,445
6,168
4,297
4,521
5,280
3,039
1,061
1,028
5,622
3,003
0
5,000
6,349
6,444
3,085
50,680
167,166
213,371
11,860
360
25,050
167
115
50
1,838
90
38,862
667
4,020
6,698
1,250
4,125
5,270
10,823
21,999
0
41,375
63,525
63,375
63,525
868
788
4,537
4,210
5,405
4,998
0
290
0
290
280,078
293,674
TOTAL FUNDS

8

The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
3
RESOURCES EXPENDED
Unrestricted
Restricted
Funds
Funds
2024
£
£
£
3(a)
Cost of Charitable activities
Charitable giving:
Charitable giving out of planned income
(3,150)
0
(3,150)
Support to St Andrew's, Ramallah
4,000
1,500
5,500
Other charitable giving
20
3,530
3,550
870
5,030
5,900
Activities directly relating to the work of the Church:
Contribution to team parish share
104,154
0
104,154
Contribution to team expenses
829
0
829
Incumbent expenses
878
0
878
Other staff expenses
390
0
390
Church energy costs (gas and electricity)
6,276
0
6,276
Other Church utility costs (water and rubbish collection)
1,964
0
1,964
Church cleaning
9,331
0
9,331
Church insurance
7,480
0
7,480
Upkeep of services
19,164
1,497
20,660
Church - maintenance
14,740
0
14,740
Depreciation of furnishings or equipment
12,274
0
12,274
Salaries/wages/honoraria
26,969
0
26,969
Parish office costs
31,994
0
31,994
Youth worker funding and expenses
2,729
0
2,729
Expenses associated with Church Led events
981
0
981
Expenses in relation to Community activities
471
1,260
1,731
Church activity support
2,990
0
2,990
Element of fees paid to GDBF/ choir
1,306
0
1,306
244,919
2,757
247,675
Total Charitable activities
245,789
7,787
253,576
Upkeep of services includes salary paid to Musical Director and parish office costs include salary paid to parish administrator.
3(b)
Cost of governance and fund raising activities
Administration & stewardship costs
1,534
0
1,534
Other (printing, stationery, bank charges etc)
353
0
353
1,887
0
1,887
The independent examiner provides their services free of charge.
TOTAL RESOURCES EXPENDED
247,675
7,787
255,462
TOTAL		 2023
£
4,210
0
5,560
FUNDS
9,770
98,711
544
983
623
43,898
1,588
8,588
7,066
18,513
23,172
12,274
26,733
23,457
1,116
1,852
1,589
4,550
1,537
276,795
286,565
1,423
398
1,822
288,387

9

The Church of St Philip and St James, Leckhampton

‘seeing Christ in the world, being Christ in the world’

Notes to the Financial Statements (Continued) For the year ended 31 December 2024

3 (d)
Youth work
Income
PGS and PGS tax recoverable
Non PGS donations
Other income
Income tax recoverable
CNC contribution
St P&J contribution
Other PCC contributions
TOTAL INCOMING RESOURCES
Expenditure
Youth ministry staff costs
Other youth ministry costs
TOTAL RESOURCES EXPENDED
NET MOVEMENT IN FUNDS		 Unrestricted
Funds
£
0
0
0
0
0
0
0
0
0
0
0
0		 Restricted
Funds
£
4,965
1,872
3,767
468
0
1,372
13,084
25,527
32,337
622
32,959
(7,432)		 2024
£
4,965
1,872
3,767
468
0
1,372
13,084
25,527
32,337
622
32,959
(7,432)
TOTAL		 2023
£
5,405
1,938
3,266
453
5,404
1,116
5,660
FUNDS
23,242
21,991
5,372
27,363
(4,121)

10

The Church of St Philip and St James, Leckhampton

‘seeing Christ in the world, being Christ in the world’

Notes to the Financial Statements (Continued)

For the year ended 31 December 2024

4(a)
STAFF COSTS P&J
Net Wages & salaries
Pension costs
Income tax and NI to HMRC
Less contributions from other Parishes		 2024
76,354
5,910
14,536
(33,070)
63,730		 2023
60,496
3,455
11,256
(19,735)
55,472

The number of staff employed at 31 December 2024 was 5 (2023: 4).

The staff employed at 31 December 2024 are a youth worker, a parish administrator, a venue manager, an operations manager and a musical director. There were no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2023: no staff). In addition, to services provided by employees, the Church also relies significantly on services provided by unpaid general volunteers who support the worship and other activities of the Church.

No members of the Church Council have been paid any remuneration or received any other benefits from employment with the Church. There have been no transactions with related parties during the reporting period.

5 FIXED ASSETS FOR USE BY THE COUNCIL

5(a) Tangible fixed assets - fixtures, fittings and equipment

Tangible fixed assets - fixtures, fittings and equipment
BOOK COST
At 1 January 2024
Additions
At 31 December 2024
ACCUMULATED DEPRECIATION
At 1 January 2024
Depreciation in year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 £
Portable
organ and
piano
31,210
0
31,210
9,363
3,121
12,484
18,726
21,847		 £
Re-ordering
furniture
91,531
0
91,531
27,459
9,153
36,612
54,919
64,072		 £
Total Fixed
Assets
122,741
0
122,741
36,822
12,274
49,096
73,645
85,919

Re-ordering furniture, portable organ and piano are depreciated on a straight line basis over a 10 year useful life.

11

The Church of St Philip and St James, Leckhampton

‘seeing Christ in the world, being Christ in the world’

Notes to the Financial Statements (Continued)

For the year ended 31 December 2024

5(b)
Investment fixed assets
Movements in the year:
Market value - 1 January 2024
Purchases at cost, less disposals at carrying value
Net gains / (losses) on annual revaluation
Market value - 31 December 2024
Holdings at 31 December 2024: 10,748.25 (2023: 10,479.8) shares in the CBF Church of England Sh
753.13 (2023 : 753.13) shares in the CBF Church of England Invest		 £
Investment Fund
17,025
0
390
17,414
ort Duration Bond Fun
ment Fund		 £
£
Fixed Interest
Fund
Total
Investments
15,170
32,194
396
396
463
852
16,028
33,442
d

6 ANALYSIS OF NET ASSETS BY FUND

Fixed Assets for Church Use
Investment Fixed Assets
Current Assets
Liabilities
Fund balance P&J only
Youth work current assets
Youth work current liabilities
Fund balance P&J including youth work
The restricted funds comprise:
Opening at 1 January 2024
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2024
Opening at 1 January 2024
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2024
Opening at 1 January 2024
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2024		 St Andrew's,
Ramallah
£
1,230
2,844
0
(1,500)
2,574
Sub total from
above
£
5,364
6,374
0
(6,527)
5,211
Sub total from
above
£
18,344
45,236
(38,862)
(7,787)
16,931		 Choral
tradition
£
3,723
0
0
(1,497)
2,226
David Mace
memorial
£
1,084
0
0
0
1,084
SCC Youth
Work
40,705
25,527
0
(32,959)
33,273		 Unrestricted
Funds
£
73,645
33,442
70,830
(3,354)
174,563
0
0
174,563
Charitable
appeals
£
0
3,530
0
(3,530)
0
Community
Activities
11,896
0
0
(1,260)
10,636
Total
59,049
70,764
(38,862)
(40,746)
50,204		 Restricted
Funds
Total
£
£
0
73,645
0
33,442
17,573
88,403
(641)
(3,995)
16,931
191,494
45,758
45,758
(12,485)
(12,485)
50,204
224,767
Ukraine
Sub-Total
£
£
411
5,364
0
6,374
0
0
0
(6,527)
411
5,211
Reordering
fund
P&J
restricted
excluding
Youth work
£
0
18,344
38,862
45,236
(38,862)
(38,862)
0
(7,787)
0
16,931

Transfer of £38,862 from Reordering fund to unrestricted reflecting the transfer of donations to repay the £75,000 re-ordering loan.

12

The Church of St Philip and St James, Leckhampton

‘sharing God’s love through worship, education and service’

Notes to the Financial Statements (Continued) For the year ended 31 December 2024

7
DEBTORS
Income Tax recoverable P&J
Amount receivable from SCC Team in respect of Youth Worker salary
Prepayment of waste disposal costs for 2025
Accrued interest receivable on CCLA deposit account
Amounts receivable in respect of Church Hire
Debtors P&J only
Income Tax recoverable youth work
Debtors P&J including youth work
8
LIABILITIES
Loans for re-ordering
Accounts payable (i.e. bills received)
Accruals
P&J only
Accruals youth work
P&J including youth work		 2024
2023
£
£
9,354
7,570
9,919
0
402
0
597
1,308
4,458
326
24,729
9,204
819
1,272
25,548
10,476
2024
2023
£
£
0
75,000
1,256
0
2,739
6,857
3,995
81,857
12,485
1,138
16,480
82,995

£15,000 of the re-ordering loan was forgiven in the year by the lender and has been recorded as a donation and the remaining £60,000 was settled. Accruals includes £936 for giving to charity, £877 for expenses and £926 deferred church rental receipts for 2025 events. Accrual of £12,485 for Youth Work reflects balance of South Cheltenham Teams bank account relating to team activities rather than Youth Work of £2,566 and youth worker staff costs accrual of £9,919.

9 CASHFLOW

9 (a) Cash flow statement
Net income per Statement of Financial Activities (P&J)
Net income per Statement of Financial Activities (Youth Work)
Total net income per Statement of Financial Activities
Adjustments for:
Depreciation charges
Gains / losses on investment
Dividends reinvested into investment funds
Change in debtors
Change in accruals and accounts payable
Net cash flow from operating activities
Net cash flow from investing activities - purchase of furniture
Net cash flow from financing activities - loans
Net cash flow from investing activities - sale of investments
Net cash flow from operating and investing activities
 £15k foregiveness of loan is included in net income in Statement of Financial Activities as a donation.
9 (b) Analysis of cash and cash equivalents
Short term deposits - (P&J)
Cash at bank - (P&J)
Cash at bank - (Youth Work)
Change in cash and cash equivalents during reporting period (see above)		 2024
2023
£
£
25,468
7,606
(7,432)
(4,121)
18,036
3,485
12,274
12,274
(852)
(2,319)
(396)
(323)
(15,073)
(59)
8,485
(17,246)
22,474
(4,187)
0
0
(75,000)
0
0
0
(52,526)
(4,187)
2024
2023
£
£
50,338
99,617
13,336
20,950
44,939
40,571
108,612
161,138
(52,526)
(4,187)

END OF DOCUMENT

13

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St Christopher’s Warden Hill 1
Statement of Financial Activities
For the period 1 January to 31 December 2024
Unrestricted Restricted TOTAL 2024 TOTAL 2023
Note Funds (£) Funds (£) (£) (£)
INCOMING RESOURCES
Incoming resources from donors 1(a) 25,968.42 107.45 26,075.87 27,557.53
Other voluntary incoming resources 1(b) 0.00 1,403.28 1,403.28 4,554.52
Incoming resources from operating activities 1(c) 34,761.38 0.00 34,761.38 29,631.92
Income from investment 1(d) 12.54 0.00 12.54 608.68
Other incoming resources 1(e) 8,000.00 0.00 8,000.00 9,460.00
TOTAL INCOMING RESOURCES 68,742.34 1,510.73 70,253.07 71,812.65
RESOURCES EXPENDED
Ministerial costs 2(a) 29,056.16 0.00 29,056.16 27,941.62
Grants and donations 2(b) 0.00 1,405.00 1,405.00 3,349.42
Church running costs 2(c) 36,132.77 8,453.95 44,586.72 72,800.60
Church management and administration 2(d) 1,409.68 0.00 1,409.68 1,974.15
Costs of generating funds 2(e) 8.01 0.00 8.01 18.74
Settlement with Cheltenham URC re closure of TCIWH 2(f) 0.00 0.00 0.00 0.00
TOTAL RESOURCES EXPENDED 66,606.62 9,858.95 76,465.57 106,084.53
NET MOVEMENT IN FUNDS 2,135.72 -8,348.22 -6,212.50 -34,271.88
BALANCES BROUGHT FORWARD AT 1 JANUARY 9,849.10 15,315.93 25,165.03 59,436.91
BALANCES CARRIED FORWARD AT 31 DECEMBER 11,984.82 6,967.71 18,952.53 25,165.03
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St Christopher’s Warden Hill 2
Balance Sheet at 31 December 2024
2024 2023
(£) (£)
CURRENT ASSETS
Current account @ Co-Operative 16,393.82 21,523.54
Investment account @ CCLA 248.98 236.44
Cash in hand 39.26 196.45
Debtors 2,294.66 3,208.60
18,976.72 25,165.03
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors 24.19 0.00
NET CURRENT ASSETS 18,952.53 25,165.03
ALLOCATION TO FUNDS
General Fund 11,984.82 9,849.10
Mission Fund 114.48 8.75
Organ Fund 4,591.55 4,591.55
Bell Fund 1,575.76 1,575.76
St Christopher’s Works 8,453.95
Legacies 685.92 685.92
18,952.53 25,165.03
These accounts are prepared on the 'receipts and payments' basis and comply with the appropriate legal requirements.
The notes on pages 3 to 4 form part of these accounts.
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St Christopher’s Warden Hill 3
Notes to the Financial Statements
For the period 1 January to 31 December 2024
1 INCOMING RESOURCES Unrestricted Restricted TOTAL 2024 TOTAL 2023
Funds (£) Funds (£) (£) (£)
1(a) Incoming resources from donors
Planned giving 18,451.20 18,451.20 15,863.32
Collections (open plate) at all services 2,266.77 107.45 2,374.22 2,644.16
Gift Aid tax recovery 2,954.17 2,954.17 3,861.40
Donations 2,296.28 2,296.28 5,188.65
25,968.42 107.45 26,075.87 27,557.53
1(b) Other voluntary incoming resources
Grants 0.00 2,794.00
Charity appeals 1,403.28 1,403.28 1,760.52
0.00 1,403.28 1,403.28 4,554.52
1(c) Incoming resources from operating activities
Hall rental 32,276.00 32,276.00 26,922.48
Fees 1,055.00 1,055.00 1,547.00
Fund raising events 545.98 545.98 437.44
Magazine sales and adverts 884.40 884.40 725.00
34,761.38 0.00 34,761.38 29,631.92
1(d) Income from investment
Bank Interest 12.54 12.54 608.68
12.54 0.00 12.54 608.68
1(e) Other incoming resources
Vodafone rental 8,000.00 8,000.00 8,000.00
Sale of church property 0.00 1,460.00
8,000.00 0.00 8,000.00 9,460.00
TOTAL INCOMING RESOURCES 68,742.34 1,510.73 70,253.07 71,812.65
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St Christopher’s Warden Hill 4
Notes to the Financial Statements
For the period 1 January to 31 December 2024
2 RESOURCES EXPENDED Unrestricted Restricted TOTAL 2024 TOTAL 2023
Funds (£) Funds (£) (£) (£)
2(a) Ministerial costs
Parish share 27,078.00 27,078.00 25,308.64
SCC team costs 210.00 210.00 214.00
SCC youth work 708.00 708.00 663.00
Clergy expenses 871.10 871.10 1,467.53
Outreach 136.64 136.64 0.00
Other ministry costs 52.42 52.42 48.45
Fees 0.00 240.00
29,056.16 0.00 29,056.16 27,941.62
2(b) Grants and donations
Charities – mission / relief 905.00 905.00 1,425.00
Charities – secular 500.00 500.00 1,924.42
0.00 1,405.00 1,405.00 3,349.42
2(c) Church running costs
Energy 6,451.69 6,451.69 4,861.18
Cleaning 1,483.67 1,483.67 1,235.89
Gardening 484.00 484.00 406.00
Insurance 1,146.78 1,146.78 1,123.95
Repairs & replacements 2,811.67 2,811.67 5,847.01
Furnishings & equipment 6,885.58 8,453.95 15,339.53 42,527.23
Church supplies 1,101.64 1,101.64 806.62
Wages – administrator 4,381.35 4,381.35 3,498.56
Wages – organist & assistant 2,070.00 2,070.00 2,199.00
Wages – cleaner 6,698.23 6,698.23 6,162.26
Honoraria & gifts 635.08 635.08 159.65
Subscriptions & licences 1,348.22 1,348.22 3,559.30
Sundry supplies 216.92 216.92 208.08
Celebrations & hospitality 417.94 417.94 205.87
36,132.77 8,453.95 44,586.72 72,800.60
2(d) Church management and administration
Printing & stationery 552.80 552.80 1,246.33
Telephone / copier / Internet 856.88 856.88 727.82
1,409.68 0.00 1,409.68 1,974.15
2(e) Costs of generating funds
Cost of fund raising 8.01 8.01 18.74
8.01 0.00 8.01 18.74
2(f) Settlement with Cheltenham URC re closure of TCIWH
TOTAL RESOURCES EXPENDED 66,606.62 9,858.95 76,465.57 106,084.53
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17

Independent examlnerfs report on the accounts CHARITY CONIMISSION I (j[￿ kP%GLiifhu AN'J l", Sectioii A Iiidependent Examiner s Report Roport to the trusteesl members of a￿c 4(FQk. Slr ) LÈthKq On accounts lor tho ywr ended Charity no (if any) 13ltEr] Sot out (In pages Resp8cthi• responslbllllles of The chanty's trustees are resFxsnsible for the preparation of Ihe accounts. Thè chanty's trustees and examlner trustees (xjnsider thal an audit is not required for this year under 8edion 144 of the Charities Act 2011 fth8 Charitie5 Acr) and that an independent examinabon is neoded. It is my responsibility to: examine the a￿OUnts under Section 145 of the Charities Acl, to follow the procedures laid down in the general Directions given by Ihe Charity Commission (under SeC￿n 145{5)(bl of tho Charilies Act, and tc stat8 whether particular matters have come to my alterrtion Basis of indgp•nd•nt My examination was carrled +)Ut In accordanGe wlth general Diredion8 given by the Charty 8xamlnar'$ statement Commi85i0n. An examination includes a review of the accounting record¥ kept by the charity and a comparison of the accounts prggentod wrth those records. It also inc4udes nSiderati￿ of any unusual items or disdosures in the accounts, and 8eèking exKlanations frorn the trustees Gon¢eming any such matters. Tre procedures undertaken do not provide all the evidence that would be required in an audit, and ￿￿￿uentlY no opinion is given as to whether tho 8¢(xJunts [￿nt a 'true and fair view aThJ the report 15 limiled to those matter5 set oui in the 8taiement b810w. Independent examlnerfs In Gonnection with my examiD*ion, no material matters have come to my attention which statement gNes me cause to believo that in, any material raspe¢t: a#ounting records were not kept in accordanca with section 130 of the Charities Act; or the accounts did not accord with the accounting record5,' or accounts did not comply wtth the applicable requirements concerning the fonn and content of accounts set out in the ChaTilios (A¢¢ounts and Reports) Regulations 2008 other than any requirement that th8 accounts give a Irue arKI fairf viow which is not a matter considered as part of an independent examination. I have come across no other matters in connection wrth thé examination to which att￿tiOn should be drawn in thig report in order to enablé a proper understsnding of the accounts to be reached. Signed: Date: JtJfvJ LiJ&F6 . Relevant profesBion•l qualification(s) or body (If any): F L(rkA Addrtss: IER December 2017