REGISTERED CHARITY NUMBER: 1135244
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
Ford Bentall LLP Chartered Certified Accountants 60 High Street Chobham Surrey GU24 8AA
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | to | 9 |
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 22 |
| Detailed Statement of Financial Activities | 23 | to | 24 |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTIVES AND ACTIVITIES Objectives and aims Churchwardens Report 2024
We began the church year at St Michael's with Kate Bolsover and Amelia Robinson as Churchwardens and Octavia O'Donoghue as Deputy Warden. As Kate was also treasurer it became too much of a workload so she stepped down as CW and Octavia became full CW.
Nicola Hughes (our Parish Administrator) stepped into the role of Churchwarden for All Souls, after many years of dedicated service from Aled and Sandra. Both Aled and Sandra remain an integral part of the All Souls' congregation. We sincerely thank them for all they have volunteered to the Church. The IT across the Parish was upgraded, making office life much easier for the office administrators. The Church office at St Michael's was relocated into the Vestry and a new office installed in All Souls', where Sunday School was previously held. This enables working out of both Churches.
The PCC has continued to be split into committees and the CWs for both churches meet every two weeks with standing committee every few months. Three full PCC meetings plus the APCM take place.
Service numbers in both Church continue to build. At St Michael's the family service is now held weekly in the church hall, except for the first and fifth Sundays. On the first Sunday of every month, both churches worship together and whilst well attended the challenge is still to get families to regularly attend. Without a Curate, we have relied heavily on our lay ministers and lay preachers to help Tansley cover both churches, and we are very grateful to them. We are delighted that Amanda has now been licensed here and look forward to her preaching and ministry when she is able to, not forgetting that she has a full-time job. The Choir has grown in number and junior choir has now begun, so we hope this will encourage children to come and sing.
The two local primary schools linked to St Michael's, held their Easter, Harvest and Christmas Services/concerts in Church. Nicola Shaw has developed strong links with South Ascot Village School, and happily they have hosted their Harvest and Christmas concerts in All Souls' Church. Creative Little Footsteps also performs their annual Nativity in All Souls' and groups of the children visit All Souls' Coffee Shop on occasion.
Remembrance Services in both Churches were, again, well attended. Christmas Eve Carols at St Michael's was the best attended service of the year and was back to pre-Covid numbers. At All Souls' the number of those who attended Christmas services was over double compared to last year.
We have focused on various fundraising projects this year. Octavia, Amelia and Val Ward hosted a very successful summer musical tea party. At All Souls, Pami and Mike Cross organized and hosted a hugely enjoyable Parish Quiz. Kate Anstis organized a very successful Christmas Fayre in St Michael's Church Hall, offering a great selection of local art and crafts stall, full of quality handmade items. Liz Moore hosted a MacMillian Coffee morning in All Souls'.
Finances continue to be a challenge and at St Michaels and it was decided to reduce the heating output by turning the fan element off, however this has led to some older members not attending services in the cold weather so may need reconsidering next winter. At All Souls, the Church is used almost daily, so the heating remains on timers during the winter months. We decided that we would not carry out any projects in either church without raising the funds first. Therefore, the plans to put in a disabled toilet at St Michael's had to be delayed while grants are being sort. We did, however, have new wheelchair ramps made for the main and inner front door, the hall door and the step between church and the hall, this has made a huge difference to access and for vergers as the new ramps are easier to handle. We have been generously gifted money to re paint the hall, toilets and kitchen once the work is completed on the disabled toilet. This will then make the hall more attractive to hirers and start to generate an increased regular income. At St Michael's water was pooling outside the main door making it hard to enter services so new gravel was spread outside which has helped solve the problem. The shed now unused at the back of the hall will be relocated if possible or removed in spring. The carpet in the main aisle needs underlay re doing and quotes are being sort.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The projector screen at All Souls was broken and the congregation relied on printed service sheets and hymns. These things are never straightforward and after liaising with Rev Tansley and the ministry team as to what they required from the system, several quotations were gathered for varying amounts of the work. One quote included a full upgrade of the system, including the audio and microphones, another dividing the project into smaller stages, thus reducing individual payments into manageable amounts. One of the engineers, whilst on site, had the correct part in his van and fitted a slightly updated replacement to the circuit board. Whilst only a temporary fix (the screen is still not fully operational), Sunday services can once again be shown on screen. The full refurbishment of the complete audio system will be addressed in 2025.
The second task was to improve the lack of lighting at All Souls'. An upgraded lighting system had previously been installed (a huge amount of work by previous Churchwardens), however there was still work to be done to switch all the lights over from halogen to LED, and this required upgrading the lighting tracks. The number of halogen bulbs that had blown was becoming impactful on holding anything in the Church. On a dim day the Church was very dark indeed. A fair bit of time was spent locating the original lighting plans before two companies would offer a quote. Several quotes were collected before work would begin and it was decided that the electrician who had installed a vast proportion of the original lighting was to complete the job. The main Church lights are now fully operational with only the final settings to be input into the system The lady Chapel still requires the lights being switch over, and work on this is due to be completed in 2025.
The Churchwardens would like to sincerely thank everyone who helps and volunteers in so many ways (from Sunday services, in weekly groups and to counting money) to keep our churches looking so lovely. We really couldn't do this without your help. Thank you.
Amelia, Octavia and Nicola.
Churchwardens of Sunninghill & South Ascot Parish. April 2025
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
For the year ending 31 December 2024, the Parish of Sunninghill and South Ascot made a loss for the year of £61,081. This is slightly less than we had budgeted but nevertheless a level which we cannot sustain over the medium-term. This amount includes depreciation of £25,195 and so our operating loss was £35,886..
All Souls, which now bears 50% of all admin and support costs, made an operating loss of £32,983. Income included a bequest of £20,000 which has been transferred to our reserves. St Michael's made an operating loss of £2,904.
The single largest challenge that we face as a Parish is the size of our Parish share. Whilst the amount is unchanged for the coming year, it is £96,318. We have less than 90 regular churchgoers in the parish and so this represents in excess of £1,000 per head from after-tax income. It is a substantial amount and during the year the PCC has been discussing how best to approach the Diocese and seek some reduction in the cost. I am not optimistic that we will have a positive outcome.
The budget for the coming year is for a further operating deficit of £74,913. We do not have sufficient free reserves to support a loss like this for more than two years and so urgent action is needed to increase our income. The PCC has spent a considerable amount of time setting out a strategy to increase income, having established that our costs are as low as they can be without either turning off the heating or reducing the level of support for Tansley. Neither of these are options which the PCC believes make sense.
Instead, we are undertaking a publicity campaign to increase lettings of both St Michael's Church Hall and All Souls' Church. The latter is a wonderful space for events and it is hoped we can generate over £30,000 per annum from these two activities in the coming years. In order to support the parish during this year of transition, we have been extremely fortunate to receive two donations totalling £50,000 which, together with recovering heating and cleaning costs for All Souls from the Miss Cook Trust, brings our budgeted deficit for the year to just over £5,000. However, I cannot emphasise enough the need to increase income and keep a keen eye on costs as these are one-off donations and we will need to have our revenue streams secured by the end of 2026 if we are to survive as a parish in our current form.
ALL SOULS' CHURCH HALL
You will remember that last year we budgeted for some capital expenditure to support the hall. During the year, it was discovered that the Parish had been incorrectly but inadvertently receiving income from the Church Hall which should have been retained to cover its ongoing and future expenses. This has been ongoing for many years and it has proved difficult to get accurate records going back more than six years. Having discussed this with our auditors and with the Trustees, we have concluded that we will therefore use the six-year figure to determine the correct amount that should be settled between the Hall and ASSA. Accordingly, it was agreed by both the PCC, the trustees of the ASSA Church Hall (Tansley Jordan, Fiona Jones and Liz Moore) that £21,800 be paid across to ASSA Church Hall.
Capital and Reserves Funds
As at 31 December 2024 total capital and reserves for All Souls was £331,073, of which £276,280 is restricted as to the purpose to which the fund can be applied. This leaves unrestricted capital and reserves of £54,793 that can be used for any ecclesiastical purpose in the parish.
Total reserves for St Michaels are £177,203 of which £17,571 is restricted. The PCC will periodically review the availability of restricted funds and where appropriate advice will be sought to amend or remove the restrictions where desirable.
RESERVES POLICY
As recommended by both the Charity Commission and Church of England guidance the Parochial Church Council has approved a reserves policy in respect of both St Michael's & All Angels Church and All Souls church, which is to invest cautiously and with investments in either M & G Charifund, CCLA or similar St Michaels & All Angels.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The St Michaels policy reflects routine church running costs, service costs and cyclical building repairs and maintenance but is not intended to cover in full "1 in 100 year" items or discretionary items such as major structural repairs or improvements. Such items would be covered as far as possible by grant applications and fundraising appeals with any shortfall met from reserves. The approved policy is to hold an agreed level of investments and cash in reserve (and therefore not to include these amounts when assessing general expenditure, setting the annual budget or considering any improvement plans or special projects). The amount held in reserve will be revisited each year and is based on the most recently available annual accounts.
In respect of the year ended 31 December 2024, we reviewed our reserves policy. Our policy now states that we will hold in reserves the equivalent of two months' general running costs (£44,500, being 2/12 of £270,000) and an additional one month's salary costs (£2,916, being 1/12 of £35,000). It is also our policy to hold an amount (£25,000) for likely building works at the next quinquennial inspection. This is a total of £72,500.
This policy will be reviewed annually.
GOING CONCERN
The PCC believes that, at present, we have sufficient funds in reserves to meet future commitments but, in view of our annual projected deficit we should take a considered approach to the use of the reserves until we can see a clear path to returning to an annual surplus. Any decision to draw down from reserves will be carefully recorded in the PCC minutes.
Kate Bolsover Treasurer
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1135244
Principal address
Church Lane Ascot Berkshire SL5 7DD
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Mrs M Nichols LLM (resigned 28/4/2024) Ms L Moore (appointed 28/4/2024) Mrs R Allen Mr M Francescon Mrs K Bolsover Mrs K Bartlett (appointed 11/6/2024) Ms A Catheya (resigned 28/4/2024) Mrs C Stokes (resigned 28/4/2024) Ms V Cummings (resigned 28/4/2024) Mr A G Trapnell (appointed 28/4/2024) Ms S Stansfield (resigned 28/4/2024) Ms A Cameron Ms F Thomson (resigned 28/4/2024) Ms L Kimber (resigned 28/4/2024) Ms V Ward Ms P Cross Rev T Jordan Ms L Butcher (appointed 28/4/2024) Dr G S Donovan (appointed 28/4/2024) Ms C Robinson (appointed 28/4/2024) Ms O McGlashan (appointed 28/4/2024) Ms N C Hughes (appointed 28/4/2024) Mr N Walsh (appointed 28/4/2024)
Independent Examiner
K A Ford FCCA CTA Ford Bentall LLP Chartered Certified Accountants 60 High Street Chobham Surrey GU24 8AA
Advisers
Bankers Barclays Bank PLC, Ascot, Berkshire SL5 7JG
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1135244 Principal address Church Lane Ascot Berkshire SL5 7DD Approved by order of the board of trustees on ............April 2025. and signed on its behalf by:
................................................................. Ms C Robinson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Sunninghill and South Ascot
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Sunninghill and South Ascot (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
K A Ford FCCA CTA
Ford Bentall LLP Chartered Certified Accountants 60 High Street Chobham Surrey GU24 8AA
Date: .............................................
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | funds | |||
| as restated | |||||||
| Notes | £ | £ | £ | £ | £ | ||
| INCOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Donations and legacies | 120,712 | 3,720 | - | 124,432 | 170,468 | ||
| Charitable activities | |||||||
| Fees - weddings, funerals etc | 16,204 | - | - | 16,204 | 15,914 | ||
| Other Income | 20,235 | - | - | 20,235 | 47,463 | ||
| Church Hall Income | 3,877 | - | - | 3,877 | 3,600 | ||
| Other trading activities | 2 | 16,187 | - | - | 16,187 | 41,944 | |
| Investment income | 3 | 1,405 | 5,898 | - | 7,303 | 7,190 | |
| Total | 178,620 | 9,618 | - | 188,238 | 286,579 | ||
| EXPENDITURE ON | |||||||
| Raising funds | 7,232 | - | - | 7,232 | 33,581 | ||
| Charitable activities | |||||||
| Fees - weddings, funerals etc | - | - | - | - | 6,333 | ||
| Charitable Donations | 160 | 221 | - | 381 | 967 | ||
| Parish Share | 96,318 | - | - | 96,318 | 95,265 | ||
| Secretarial Expenses | 28,863 | - | - | 28,863 | 15,770 | ||
| Clergy Expenses | 20,755 | - | - | 20,755 | 2,665 | ||
| Church Running Costs | 32,972 | 24,231 | - | 57,203 | 57,885 | ||
| Church services | 2,864 | - | - | 2,864 | 17,286 | ||
| Depreciation | 25,195 | - | - | 25,195 | 24,376 | ||
| Children's Work | 366 | - | - | 366 | - | ||
| Church repairs | 10,637 | 4,561 | - | 15,198 | 29,861 | ||
| Accountancy fees | 6,833 | - | - | 6,833 | 4,972 | ||
| Legal & professional fees | 678 | - | - | 678 | 111 | ||
| Church Hall running | |||||||
| expenses | 32 | - | - | 32 | 2,998 | ||
| Church Hall repairs & | |||||||
| maintenance | 1,054 | 954 | - | 2,008 | 66 | ||
| Other Expenses | 2,076 | - | - | 2,076 | 480 | ||
| Total | 236,035 | 29,967 | - | 266,002 | 292,616 | ||
| Net gains on investments | 8,924 | 7,759 | - | 16,683 | 26,939 | ||
| NET | |||||||
| INCOME/(EXPENDITURE) | (48,491) | (12,590) | - | (61,081) | 20,902 | ||
| Transfers between funds | 12 | 20,901 | (20,901) | - | - | - | |
| Net movement in funds | (27,590) | (33,491) | - | (61,081) | 20,902 |
The notes form part of these financial statements
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| as restated | ||||||
| Notes | £ | £ | £ | £ | £ | |
| RECONCILIATION OF | ||||||
| FUNDS | ||||||
| Total funds brought forward | 262,221 | 307,136 | - | 569,357 | 548,455 | |
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 234,631 | 273,645 | - | 508,276 | 569,357 |
The notes form part of these financial statements
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
BALANCE SHEET 31 DECEMBER 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 74,267 Investments 8 103,966 178,233 CURRENT ASSETS Debtors 9 15,170 Cash at bank and in hand 72,950 88,120 CREDITORS Amounts falling due within one year 10 (31,722) NET CURRENT ASSETS 56,398 TOTAL ASSETS LESS CURRENT LIABILITIES 234,631 NET ASSETS 234,631 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 261,591 261,591 - 32,260 32,260 (20,206) 12,054 273,645 273,645 |
Endowment funds £ - - - - - - - - - - |
2024 Total funds £ 74,267 365,557 439,824 15,170 105,210 120,380 (51,928) 68,452 508,276 508,276 234,631 273,645 508,276 |
2023 Total funds as restated £ 94,070 379,574 473,644 28,024 90,201 118,225 (22,512) 95,713 569,357 569,357 262,221 307,136 569,357 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............April 2025. and were signed on its behalf by:
............................................. Mrs K Bolsover - Trustee
............................................. Ms C Robinson - Trustee
The notes form part of these financial statements
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - At variable rates Fixtures and fittings - 3 to 5 years on cost Computer equipment - Straight line over 4 years
Taxation
The church is exempt from tax on its charitable activities. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied exclusively to charitable purposes. No provision for taxation has been made in these accounts.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the church. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowments funds represent capital, held in perpetuity to create income for specific purposes.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
2. OTHER TRADING ACTIVITIES
| Charitable activity income 3. INVESTMENT INCOME Dividend Income Deposit account interest |
2024 2023 as restated £ £ 16,187 41,944 2024 2023 as restated £ £ 7,303 6,102 - 1,088 7,303 7,190 |
2024 2023 as restated £ £ 16,187 41,944 2024 2023 as restated £ £ 7,303 6,102 - 1,088 7,303 7,190 |
|---|---|---|
| 7,190 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Mrs N Hughes was appointed as a Trustee on 28th April 2024 is also employed by the charity as an office administrator. Her remuneration as an office administrator from her appointment to 31 December 2024 was £16,877 (2023- £nil).
No other Trustees received any remuneration during the year ended 31 December 2024 ( 2023 -£nil).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 129,021 Charitable activities Fees - weddings, funerals etc 15,914 Other Income 47,463 Church Hall Income 3,600 Other trading activities 41,944 Investment income 1,098 Total 239,040 EXPENDITURE ON Raising funds 33,581 |
Restricted Endowment Total funds funds funds as restated £ £ £ 41,447 - 170,468 - - 15,914 - - 47,463 - - 3,600 - - 41,944 6,092 - 7,190 47,539 - 286,579 - - 33,581 |
Restricted Endowment Total funds funds funds as restated £ £ £ 41,447 - 170,468 - - 15,914 - - 47,463 - - 3,600 - - 41,944 6,092 - 7,190 47,539 - 286,579 - - 33,581 |
|---|---|---|
| 286,579 | ||
| 33,581 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES - | continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | funds | ||
| as restated | |||||
| £ | £ | £ | £ | ||
| Charitable activities | |||||
| Fees - weddings, funerals etc | 6,333 | - | - | 6,333 | |
| Charitable Donations | 160 | 807 | - | 967 | |
| Parish Share | 95,265 | - | - | 95,265 | |
| Secretarial Expenses | 15,770 | - | - | 15,770 | |
| Clergy Expenses | 2,665 | - | - | 2,665 | |
| Church Running Costs | 33,608 | 24,277 | - | 57,885 | |
| Church services | 17,286 | - | - | 17,286 | |
| Depreciation | 24,376 | - | - | 24,376 | |
| Church repairs | 6,007 | 23,854 | - | 29,861 | |
| Accountancy fees | 4,972 | - | - | 4,972 | |
| Legal & professional fees | 111 | - | - | 111 | |
| Church Hall running expenses | 2,998 | - | - | 2,998 | |
| Church Hall repairs & maintenance | 66 | - | - | 66 | |
| Other Expenses | 480 | - | - | 480 | |
| Total | 243,678 | 48,938 | - | 292,616 | |
| Net gains on investments | 3,187 | 23,752 | - | 26,939 | |
| NET INCOME/(EXPENDITURE) | (1,451) | 22,353 | - | 20,902 | |
| Transfers between funds | 1,990 | (1,990) | - | - | |
| Net movement in funds | 539 | 20,363 | - | 20,902 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | |||||
| As previously reported | 294,239 | 286,773 | - | 581,012 | |
| Prior year adjustment | (32,557) | - | - | (32,557) | |
| As restated | 261,682 | 286,773 | - | 548,455 | |
| TOTAL FUNDS CARRIED FORWARD | 262,221 | 307,136 | - | 569,357 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6. PRIOR YEAR ADJUSTMENT
The Parish incorrectly but inadvertently consolidated the income and costs of All Souls Scout Hut and Church Hall (The Church Room Trust) an entirely separate entity.
As a consequence the income and expenditure for 2023 has been restarted with a reduction of income over expenditure of £11,566.
The cumulative reserves brought forward as at 1 January 2023 have been reduced by £32,557 to exclude those of All Souls Scout Hut and Church Hall (The Church Room Trust). The Charity Commission has been notified accordingly.
7. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| COST At 1 January 2024 Additions At 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 |
Plant and machinery £ 193,834 - 193,834 104,088 22,449 126,537 67,297 89,746 |
Fixtures and fittings £ 83,427 1,014 84,441 79,418 1,394 80,812 3,629 4,009 |
Computer equipment £ 2,813 4,380 7,193 2,498 1,354 3,852 3,341 315 |
Totals £ 280,074 5,394 |
| 285,468 | ||||
| 186,004 25,197 |
||||
| 211,201 | ||||
| 74,267 | ||||
| 94,070 |
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 January 2024 Additions Disposals Revaluations At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 |
Cash and settlements pending £ 379,574 167 (30,868) 16,684 365,557 365,557 379,574 |
|---|---|
Page 14
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
8. FIXED ASSET INVESTMENTS - continued
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
| Valuation in 2024 Valuation in 2023 Valuation in 2022 Valuation in 2021 Valuation in 2020 Valuation in 2019 Valuation in 2018 Valuation in 2017 Valuation in 2016 Valuation in 2015 Cost DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Accrued Income |
Cash and settlements pending £ (14,017) 9,636 (125,893) 65,100 (21,274) 88,618 (30,066) 31,557 39,990 (6,176) 328,082 365,557 2024 2023 as restated £ £ 15,170 6,256 - 21,768 15,170 28,024 |
|---|---|
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 15
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 11) Trade creditors Other creditors 11. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
2024 2023 as restated £ £ 40,395 - 8,833 9,825 2,700 12,687 51,928 22,512 2024 2023 as restated £ £ 40,395 - |
|---|---|
Page 16
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 12. MOVEMENT IN FUNDS Unrestricted funds General fund Investments PCC Account Dr Thomson Designated Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds WWI Project Associated Vicar Fund Miss Cook Restricted Churchyard Electricity & Gas IT Systems Other - St Michaels Special Collections - St Michaels TOTAL FUNDS |
At 1/1/24 £ 152,185 109,710 326 - 262,221 1,149 3,779 8,440 42,817 41,405 1,307 120 357 55 1,540 21,250 168,486 200 6,231 10,000 - - 307,136 569,357 |
Net movement in funds £ (77,419) 8,910 18 20,000 (48,491) 50 (804) (1,163) (782) 2,020 - - 187 - - - (5,734) - (4,701) (2,235) 300 272 (12,590) (61,081) |
Transfers between funds £ 35,901 (15,000) - - 20,901 - - - - - - - - - - - (15,868) - - (5,033) - - (20,901) - |
At 31/12/24 £ 110,667 103,620 344 20,000 |
|---|---|---|---|---|
| 234,631 1,199 2,975 7,277 42,035 43,425 1,307 120 544 55 1,540 21,250 146,884 200 1,530 2,732 300 272 |
||||
| 273,645 | ||||
| 508,276 |
Page 17
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Investments PCC Account Dr Thomson Designated Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Special Collections Miss Cook Restricted Electricity & Gas IT Systems Other - St Michaels Special Collections - St Michaels TOTAL FUNDS |
Incoming resources £ 158,616 - 4 20,000 178,620 28 - - - 1,118 408 4,752 1,500 - 300 1,512 9,618 188,238 |
Resources expended £ (236,035) - - - (236,035) - (954) (1,499) (3,061) (20) (221) (14,535) (6,201) (2,236) - (1,240) (29,967) (266,002) |
Gains and Movement losses in funds £ £ - (77,419) 8,910 8,910 14 18 - 20,000 8,924 (48,491) 22 50 150 (804) 336 (1,163) 2,279 (782) 922 2,020 - 187 4,049 (5,734) - (4,701) 1 (2,235) - 300 - 272 7,759 (12,590) 16,683 (61,081) |
|---|---|---|---|
Page 18
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Investments PCC Account Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds WWI Project Associated Vicar Fund Miss Cook Restricted Churchyard Electricity & Gas IT Systems TOTAL FUNDS |
At 1/1/23 £ 187,402 106,521 316 294,239 1,037 3,662 8,762 39,750 36,998 1,027 215 772 - 1,540 21,250 158,324 200 13,236 - 286,773 581,012 |
Prior year adjustment £ (32,557) - - (32,557) - - - - - - - - - - - - - - - - (32,557) |
Net movement in funds £ (4,650) 3,189 10 (1,451) 112 117 (322) 2,112 4,407 280 (95) (415) 3,000 - - 10,162 - (7,005) 10,000 22,353 20,902 |
Transfers between funds £ 1,990 - - 1,990 - - - 955 - - - - (2,945) - - - - - - (1,990) - |
At 31/12/23 £ 152,185 109,710 326 |
|---|---|---|---|---|---|
| 262,221 1,149 3,779 8,440 42,817 41,405 1,307 120 357 55 1,540 21,250 168,486 200 6,231 10,000 |
|||||
| 307,136 | |||||
| 569,357 |
Page 19
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 239,030 | (243,678) | (2) | (4,650) |
| Investments | - | - | 3,189 | 3,189 |
| PCC Account | 10 | - | - | 10 |
| 239,040 | (243,678) | 3,187 | (1,451) | |
| Restricted funds | ||||
| Grant Bequest Fund | 27 | - | 85 | 112 |
| Church Hall Account | 117 | - | - | 117 |
| Fabric of Church Account | 170 | (600) | 108 | (322) |
| Church Repair Fund | 16,850 | (20,126) | 5,388 | 2,112 |
| Land Adj. to Church House | 1,101 | (157) | 3,463 | 4,407 |
| Upkeep of graveyard | 3,300 | (3,020) | - | 280 |
| Gambia | - | (95) | - | (95) |
| Special Collections | 297 | (712) | - | (415) |
| Other Restricted Funds | 3,000 | - | - | 3,000 |
| Miss Cook Restricted | 4,677 | (9,223) | 14,708 | 10,162 |
| Electricity & Gas | 8,000 | (15,005) | - | (7,005) |
| IT Systems | 10,000 | - | - | 10,000 |
| 47,539 | (48,938) | 23,752 | 22,353 | |
| TOTAL FUNDS | 286,579 | (292,616) | 26,939 | 20,902 |
Page 20
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Prior | Net | Transfers | Transfers | ||||
|---|---|---|---|---|---|---|---|
| year | movement | between | At | ||||
| At 1/1/23 | adjustment | in funds | funds | 31/12/24 | |||
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| General fund | 187,402 | (32,557) | (82,069) | 37,891 | 110,667 | ||
| Investments | 106,521 | - | 12,099 | (15,000) | 103,620 | ||
| PCC Account | 316 | - | 28 | - | 344 | ||
| Dr Thomson Designated | - | - | 20,000 | - | 20,000 | ||
| 294,239 | (32,557) | (49,942) | 22,891 | 234,631 | |||
| Restricted funds | |||||||
| Grant Bequest Fund | 1,037 | - | 162 | - | 1,199 | ||
| Church Hall Account | 3,662 | - | (687) | - | 2,975 | ||
| Fabric of Church | |||||||
| Account | 8,762 | - | (1,485) | - | 7,277 | ||
| Church Repair Fund | 39,750 | - | 1,330 | 955 | 42,035 | ||
| Land Adj. to Church | |||||||
| House | 36,998 | - | 6,427 | - | 43,425 | ||
| Upkeep of graveyard | 1,027 | - | 280 | - | 1,307 | ||
| Gambia | 215 | - | (95) | - | 120 | ||
| Special Collections | 772 | - | (228) | - | 544 | ||
| Other Restricted Funds | - | - | 3,000 | (2,945) | 55 | ||
| WWI Project | 1,540 | - | - | - | 1,540 | ||
| Associated Vicar Fund | 21,250 | - | - | - | 21,250 | ||
| Miss Cook Restricted | 158,324 | - | 4,428 | (15,868) | 146,884 | ||
| Churchyard | 200 | - | - | - | 200 | ||
| Electricity & Gas | 13,236 | - | (11,706) | - | 1,530 | ||
| IT Systems | - | - | 7,765 | (5,033) | 2,732 | ||
| Other - St Michaels | - | - | 300 | - | 300 | ||
| Special Collections - St | |||||||
| Michaels | - | - | 272 | - | 272 | ||
| 286,773 | - | 9,763 | (22,891) | 273,645 | |||
| TOTAL FUNDS | 581,012 | (32,557) | (40,179) | - | 508,276 |
Page 21
continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Investments PCC Account Dr Thomson Designated Restricted funds Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds Miss Cook Restricted Electricity & Gas IT Systems Other - St Michaels Special Collections - St Michaels TOTAL FUNDS |
Incoming resources £ 397,646 - 14 20,000 417,660 55 117 170 16,850 2,219 3,300 - 705 3,000 9,429 9,500 10,000 300 1,512 57,157 474,817 |
Resources expended £ (479,713) - - - (479,713) - (954) (2,099) (23,187) (177) (3,020) (95) (933) - (23,758) (21,206) (2,236) - (1,240) (78,905) (558,618) |
Gains and Movement losses in funds £ £ (2) (82,069) 12,099 12,099 14 28 - 20,000 12,111 (49,942) 107 162 150 (687) 444 (1,485) 7,667 1,330 4,385 6,427 - 280 - (95) - (228) - 3,000 18,757 4,428 - (11,706) 1 7,765 - 300 - 272 31,511 9,763 43,622 (40,179) |
|---|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Collections Donations Gift Aid Special Charitable Appeals Grants Other trading activities Charitable activity income Investment income Dividend Income Deposit account interest Charitable activities Other income Total incoming resources EXPENDITURE Raising donations and legacies Magazine Expenses Coffee, tea expenses Fundraising Charitable activities Clergy costs Insurance Utility costs Telephone, post & stationery Repairs & Maintenance Charitable Donations Church running costs |
2024 2023 as restated £ £ 80,921 108,458 20,000 - 18,068 24,644 1,677 416 3,766 36,950 124,432 170,468 16,187 41,944 7,303 6,102 - 1,088 7,303 7,190 40,316 66,977 188,238 286,579 - 26,014 6,782 6,206 450 1,361 7,232 33,581 147,176 133,628 11,884 10,868 29,119 37,797 2,421 3,446 22,304 31,574 381 967 12,779 11,296 226,064 229,576 |
2024 2023 as restated £ £ 80,921 108,458 20,000 - 18,068 24,644 1,677 416 3,766 36,950 124,432 170,468 16,187 41,944 7,303 6,102 - 1,088 7,303 7,190 40,316 66,977 188,238 286,579 - 26,014 6,782 6,206 450 1,361 7,232 33,581 147,176 133,628 11,884 10,868 29,119 37,797 2,421 3,446 22,304 31,574 381 967 12,779 11,296 226,064 229,576 |
|---|---|---|
| 170,468 41,944 6,102 1,088 |
||
| 7,190 66,977 |
||
| 286,579 26,014 6,206 1,361 |
||
| 33,581 133,628 10,868 37,797 3,446 31,574 967 11,296 |
||
| 229,576 |
This page does not form part of the statutory financial statements
Page 23
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Support costs Other Plant and machinery Fixtures and fittings Computer equipment Governance costs Accountancy fees Legal & professional fees Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net (expenditure)/income |
2024 2023 as restated £ £ 22,448 22,448 1,394 1,459 1,353 469 25,195 24,376 6,833 4,972 678 111 7,511 5,083 266,002 292,616 (77,764) (6,037) 16,683 26,939 (61,081) 20,902 |
|---|---|
This page does not form part of the statutory financial statements
Page 24