## **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:** - **a) The Church of St Philip and St James, Leckhampton excluding St Christopher’s Church (pages 2-13)** - **b) St Christopher’s Church, Warden Hill (pages 14-17)** **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)**| - Before one-off items and depreciation there was a deficit for P&J excluding youth work of £6k. Reduced deficit year on year largely reflects one-off credits in respect of energy bills which are not expected to repeat. - Income from the use of Church building and facilities of £63k has been generated during 2024 (2023: £64k). ||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_| - Fixed assets include reordering furniture (£55k) and the portable organ and piano (£19k). Depreciation is being allowed for on a straight-line basis over an estimated 10 year useful life giving a charge of £12k per annum. 2 - During the year the £75k re-ordering loan was re-paid with the aid of £39k of one-off donation and monies set aside from previous fund raising. ## 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**| - Organ repair and tuning costs are being allocated against the choral tradition fund. - • Voices re-choired costs are being charged against the community activities fund. - Ukraine support fund has £411 remaining at 31 December 2024. ## **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**| - Increase in Parish Giving Scheme tax recoverable reflects a one-off recovery of tax on previous years giving. 2. Church reordering |**£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**| - £24k of one-off donations received to repay re-ordering loan. In addition, lender generously forgave £15k of the loan. 3. Activities to generate funds |**£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)** 4. 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**| - As at December 2024 the CCLA deposit account was paying 4.7% (2023: 5.3%) interest per annum. Interest income on deposit account is expected to reduce in 2025 reflecting the reduced balance in the account following the repayment of the re-ordering loan. ## **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. 2. 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)** - Significant one-off credits in 2024 relating to recovery of VAT and climate change levy previously incorrectly charged have reduced gas and electricity costs this year. For 2025 we are budgeting £21k for energy costs. - Church maintenance includes £5k for roof repairs (Centreline), £1k Tower electrical repairs (P. Pasquet), £1k to Octagon Heating Services, £5k various repairs (Neptune) and £1k in respect of gutter clearance (Forrester Access). - Increased Parish office costs reflects increased Parish Administrator employment costs following periods in 2023 when no-one was in role. ## **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 |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 **----- Start of picture text -----**
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
**----- End of picture text -----**
14 **----- Start of picture text -----**
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.
**----- End of picture text -----**
15 **----- Start of picture text -----**
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
**----- End of picture text -----**
16 **----- Start of picture text -----**
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
**----- End of picture text -----**
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