Charity number.. 1135323 CROMER PCC (PREVIOUSLY CROMER PAROCHIAL CHURCH COUNCIL) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CROMER PCG FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Page Reference and admlnlstratlve detalls of the Charity, its Trustees and advlsers Truste•s' report 3-12 Ind•pendenl examlner's report 13 Statement of financial a¢tivities 14 Balance sheet 15 Notes to financial ststements 16-24
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS Members of the PCC are either ex-officio. co-opted or elected by the Annual Parochlal Church Meeting {APCM) in accordance wlth the Church Representation Rules and with the aim of having adequate representation from each congregation. During 2024 the following served as members of the PCC and trustees of the charty: Incumbent Revd Wlll Warren Clergy Revd Julia Chamberlin (Associate Vicar) Revd Joanna Haywood (Curate) Revd Jennie Hodgkinson (Assistant Minisler) Churchwardens Ivan Kimble David Loades Offlcers Mary Howard, PCC Secretary (until September 2024) David Orsbome, PCC Secretary (from November 2024) Doug Tuthill, PCC Treasurer Glyn Purland, Electoral Roll Offlcer Representatlves elected to the Deanery Synod David Anderson Anne Cottlngham John Hodgkinson Mary Howard (until September 2024) David Orst()rne Members of the Diocesan Synod David Orsborne David Anderson (until July 2024) Ivan Kimble (from August 2024) David Loades {from Augusl 2024)
CROMER PCC- CHARITY NUMBER,. 1135323 YEAR ENDED 31 DECEMBER 2024 Represontatlves elected by the APCM ('Elected Members.) Judith Anderson Dennis Broughton John Hodgkinson (until March 2024) Tracy Johnson (from June 2024) Sarah Mccandlish Alison Orsborne Mary Pallister Glyn Purland Brenda Stibbons (until March 2024) Eileen Woodfield (from Aprll 2024) Mary Howard (until September 2024) Cowopted Members Simon Purslow (from May 2024, Elected Member prior to this) Doug Tuthlll Charity registered number 01135323 Principal office The Church Office. Cromer Parlsh Hall, 65 Church Street, Cromer NR27 9HH Independent examlner Timothy Hignett and Partners Limited, 7 High Street, Cromer, Norfolk, NR27 9HG
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT Cromer Church Electoral Roll Report for 2025 APCM There were 296 names on the Electoral Roll reported to the 2024 APCM During the year 15 names have been removed from the Roll: • 11 people have died and their names have been removed from the Roll • 4 people have requested that their names be removed from the Roll During the year 7 names have been added to the Roll The total number of people on the Electoral Roll at the date of this report is 288 Glyn Purland Electoral Roll Officer 17th March 2025 PCC Secretary's Note In 2025, all Church of England Churches are required to renew their Electoral Roll. All names on the previous Electoral Roll are removed and everyone V¥pnting to be on the new Electoral Roll must reapply. This prcKess is undep4vay at the time of compiling these reports and the new Electoral Roll will be presented at the Annual Pa[hla1 Church Meeting (APCM). David Orsborne PCC Secretary Vicar's Report Vlcar's Report 2025 he kingdom of heaven is like a mustard seed, which a man took and planted in his field. Though it is the smallest of seeds. yet when it grows...it becomes a tree so that the birds of the air Gome and perch in its branches" {Matthew 13v31-32) With this parable, our Lord teaches us something of the nature of how the Kingdom grows. Rarely quickty, often quietly, and yet always surety, God is working to fulfil His purposes and draw people into His salvation. As VR look back over another year. we give thanks for the different ways He has been at Vrk In and through our church, and trust that through it all the Kingdom of God is advancing and lives and communities are being transfomed by Jesus. As in previous years, I want to review the year through the lens of the three-fold strategy that lies at the heart of our vlslon:
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Drawlng in After a yearfs hiatus, It was a huge joy to 888 BeachFest relaunched this summer, taking inspiration from the Paris Olympics with an 'Ultimate Champk)ns° theme exploring Mark's Gospel. Having experirnented in recent years with a fonnat of weekly bite sized events throughout the school holiday, this year saw a retum to a more traditional week-long event enabling continuty of relationships and teaching. Blessed with fantastic weather and a very committed team. we were able to share the good news of Jesus with both holidaymakers and local families. The main summer week has been reinforced with a series of individual events tied to key festivals, which has helped us to continue to build relationships with families on the fringes. Complementing much of the work of BeachFest is that of Mustard Seed, which continues to share the love of Jesus by offering much-needed food and connection foi those who need it. and through the Mustard Seed plus activities seeks to provide a space for exploring the gospel. Comerstone Cafe and our holiday ministry has maintsined a warm vrfelcome to the ttrH)usands of visitors we receive. Alongside the summer ministries, our oth8r maln evangelistic season is Christmas. We were blessed with record number8 at the Carols by Candlelight sepiice, with over five hundred attending in person lo sing and reflect on the meaning of Jesus, coming, and many more walching online. We pray that the seeds sown in all these occasions would land on good soll and in time bear a rich harvest. Building up Jesus tells us that His Kingdom grows as His word is sown. This year In our Sunday preaching series, we have spent time focussing on core discipleship issues, l¢)oking at a range of topics using Tim Chesterfs °Lrfe With Jesus. course materials, and exploring John's portrait of Jesus in the evening service. We have also continued to grapple with the challenge of the prophet Isaiah to trust and obey, and considered the call from 2 Thessalonians to kp sep4ing Jesus as we wait for His retum. As always, l am very grateful to all who share in the task of leading and preaching, and who give such time and care to this ministry. In a similar vein. our small groups continue to meet weekty to provide a space for fellowship and discipleship. all facilitated by our committed small group leaders. Alongside the adult Sunday ministry. CCKids have continued lo meet weekly to open up the Bible and lay foundations for a life of discipleship among our young people. An exciling new initiative is the relaunch of a monthly youth group aiming to support our teenagers as they live out their faith. At our last APCM, we pledged to prioritise growth in prayer, and as part of this around forty people took part in a course using materials based on Tyler Staton's 'Praying Like Monks; Living Like Fools".
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT {CONTINUED) Sendlng out We have continued to support a range of missionary work both home and abroad and have hosted several representatives across the year. In February, we sent out our curate Revd Joanna Haywood as she moved to become Rector of the Coltishall Benefice. Although Joanna has only been on staff for a year, she has worked tirelessly and rnade a significant contribution in several areas of our church life. We are in diUssIOnS with Ihe diocese about the possibility of receiving another curate in due course. The work of God here in Cromer only happens because of the huge contribution of the church family, and as always, l am so grateful for the many who serve in different ways throughout Ihe year, both upfront and behind the scenes. l am especially thankful for our churchwardens David and Ivan. and our staff team of Lesley, Julia, Doug, Anna and Jo who work to support me. In October, our long-standing PCC secretary Mary Howard went to be wrth the Lord, after decades of faithful sep41, and I would like to pay tribute to Mary for her tireless work, and also to express my Ihanks to David Orsborne for taking up the secretary's task at such short notice yet with greal efficiency. We thank God for all His blessings in the past year, and look forward to those yet to come in the year ahead. Revd Wllllam Warren Vicar PCC Secretary's Report The death of Mary Howard in October 2024 was a shock and a challenge. Mary had been PCC Secretary for 25 years and, although she had planned to step down at the next APCM, taking over from her in such clrcumstsnces. wilhout the opportunity for a proper handover. has involved a steep learning curve. I want to pay tribute lo Mary's commitment to serving Cromer Church in this way and to acknovAedge how much her contribution has shaped our work - in good times and through some difficult challenges- and thank God for her life, her faith and her work. The PCC met 8 times in 2024. Each meeting is planned to ensure a good balance between routine business and different aspects of our mission and ministry, and each meeting aims to look in detail at one or more key aspects of our work. In 2024. PCC business included items on: Safeguarding. our Mission Parlners, vision priorities and action points, budget and finance matters including Parish Share, various fabric and buildings matters including the installation of glass doors in the Parish Church and work at Sl Martin's BeachFest. Living in Love and Faith, the Living Out survey, visiting and pastoral care, leadership structures, dogs in church, relocation of the font at the Parish Church and the Mothers, Union Souls of our Shoes Exhibition.
CROMER PCC- CHARITY NUMBER.. 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Each meeting receives reports and recommendations from the Stsnding aThJ Finance Committee, the Parish Safeguarding Officers, the Treasurer, the Electoral Roll Offir and the Health and Safety lead. PCC also receives reports from the Leadership Teams (Mission, Fabric and Communications) and the Deanery, Diocesan and General Synods when these have mat. Members of the PCC are Trustees of the charty and have a duty to be good stewards of our finances, so the Treasurer's Report is always a key item on the agenda. Budget planning and monitoring are important because they ensure that the funds we receive are used prudently to enable and support our vision and all the elements of our mission and ministry. PCC members worf( hard to achieve a vision-driven, balanced and aspirational budget and we're grateful to the Treasurer for his careful and diligent wort( and for providing budget reports that are clear and easy to read and understand. Standing and Finance Committee is the steering committee of PCC as prescribed by Church Representation Rules. To make the best use of PCC time, and to maxirnize efficiency and aid good governance, the Standing and Finance Committee meets monthly to follow up decisions and recommendations from the previous PCC meeting to ensure that items requiring further work have been identified and are being followed up. They also work with the Incumbent to plan the PCC programme and to draw up the agenda for PCC meetings. The Leadership Teams cary out In-depth work In areas where they have expertise and interest, before making recommendations to PCC. AII PCC members are expected to serve on a Leadership Team together wlth others, not on PCC, who have relevant knowledge, experience and commitment to serve in a particular area. Three Leadership Teams were in place during 2024: Communications Leadershlp Team, Fabrlc Leadership Team and Mission Leadership Team. At the end of 2024, PCC undertook to review this structure to ensure that it still meets our ne8ds. They expect to complete this work in 2025. Attendance at PCC and other meetings was excellent throughout the year and members have worked well together on some challenging issues. l am very grateful to members for their commitment and faithfulness. PCC aims to be as open and transparent as possible about its business and, to that end, the outline agenda for each meeting and a list of the decisions tsken at each meeling are published in the Weekty Update. The minutes of each meeting (apart from any matters deemed confidential) are available on our website once they have been approved by PCC. The PCC has complied in 2024 in all respects with the House of Bishops, guidance on safeguarding as required by s5 of the Safeguarding and Clergy Discipline Measure 2016. David Orsbome, PCC Secretary
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Fabrlc Report 2025 This report is a brief summary of the various vrforks carried out to the buildings, etther owned by Cromer Church, or for which the Church is responsible, during the calendar year of 2024. There were a number of projects which were successfully completed in 2024 which hav8 been planned over a number of years. It is planned to formulate more strategic plans for the coming year. This Report does not cover day to day repair works and maintenance, of which there are lots. Parish Church The works Caled out during the year are". - Carried out a Fire Risk Assessment by a competent person throughout the whole bullding - as a result urg8nt work has been planned to be undertaken in the first quarter of 2025. Various stain glass window stone mountlngs and surrounds suffering from weather erosion have been repaired by a heritage competent contractor and buitt up to prevent weather ingress. Instsllation of 3 Destratlflcatlon fans in the Nave and Chanel and controls as a result of an approved faculty. Installation of the new lighting system and controls as a result of an approved type B faculty. Photocell Repairslreplacement for the south porch entrance. Instsllatlon of new lighting switch for the kitchenlmezzanine floor. New LED light frtted in the music room. Checks carried out after the flood damage in the kitchen Lobby. LED panel light replaced in the Lounge. Various repairs to toilets. Varlous repairs to the toilet seats and replacement with vandal seats. Fit new water heater to the general toilet. Servicing the main warm air heater. Servicing the heating boiler for the loungeftoilets. St Martln's Work continues to maintain the building in a good state of repair by keeping on top of minor defects as they arise. The improvements during the year were as follows: _ Carried out a Fire Risk Assessment by a competent person throughout the whole building - as a result urgent work has been planned to be undertaken in Ihe first quarter of 2025. Carried out the 5-year electrical test throughout the building. Carried out the rem8dial work resulting from the lest. Replacing bumt OLrt switch fused spur in the lounge. Fit a new extractor fan in the disabled toilet. Upgrade emergency lighting for cornplian requirement in the Fire Risk Assessment Report. Test emergency lighting upgrade. Fit new organ isolation swltch as required in the Fire Risk Assessment Report. Wire new double socket for the freezers In the hall servery area. Fit new extractor fan in the kftchen. Fit new smoke alarm in the kltch8n.
CROMER PCC-CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Serrfice the gas heaters in the hall and worship area. Service th8 boiler for the kitchen and toil81 areas, with minor repairs. Installed a naw access ramp outside th8 hall fire door. Hall w88 redecorated by a family member of the Mustard Seed communty. Parlsh Hall The works carried out during the year are: _ Carrled OLrt a Flre Rlsk Assessment by a competent person throughout Ihe whole building - the immediate action required was to limit the capacity to the parish hall to 200. This is now part of the letting agreements. Replace batten fitting by the stage with new LED batten. Replace batt8n fitting in the main corridor with new LED Frtting. Replace burnt out fused spur in the café area. Carry out emergency light test. Unblock Ihe gent's urinal system. Replace the water heater in the toilet at the back of the stsge. Fit new thenal control hot vrfater tap in the disabled toilet. Fit new water heater in the gent's main toilet. Sepiice the gas heaters in the hall. [Fault found and new part ordered, fitted in 2025] 17, Meadow Close The house is let, though a letting agent, under a short-hold tenancy. such that the house provides an income to the Church whilst it is not required for a member ofthe Ministy Team. Various minor works of maintenance took place including some electrical installation replac8m8nt. as required, and arranged by the letting agent to remain compliant. Also, the central.heating boiler has had its annual service. Within the year, following advice from the diocese. PCC have decided to stsrt to proceedings to sell the house. As a result, the letting agent was instructed to issue a seclion 21 notice to the short-hold tenants. This process is currently being reviewed. Generally The overall condition of the buildings continues to be good. We are conscious of the fact that, whilst the 'Church' is made up of the people that meet Inside the buildings, we are m8r8ly custodians Yor the time being, of the buildings in our care, and it is our hope to be able to pass them on to the next generatlon In better condltlon than when we reiVed them. This is, however, quite a task, tsking into account the size and age of the buildings. It is noted that all the Portable Appliance Testing is carrled out by a competent person In Davld Anderson. The Fabric Leadership Group continues to meet quarterly to discuss the needs of our buildings in detail, and lo prepare recommendations to PCC for the repairs needed to our buildings and tske requests from PCC to manage fabric works. The fabric leadership group is made up of Nick Claridge, David Anderson, Dave Walker, John Hodgklnson, Davld Loades, Ivan Klmble and Is ably chaired by Simon Purslow. Ivan Kimble March 2025
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Repp8 Deanery Synod Deanery Synod is one link in the 'chain' of Synodical Govemment and aims to promote and support the mission and ministry of the churches in the Deanery. Our Deanery, Repps, extends from Mundesley to Sheringham, and includes some inland rural parishes such as Roughton and Felbrigg. The ending of the trial period working jointly with Holt Deanery saw Wlll appolnted as Rural Dean but the illness and subsequent dealh, in October, of Mary Howard who was both Lay Chair and Deanery Secretary severely curtalled the work of the Synod. Work is underway to arrange regular meetings of the Synod in the coming year and to reinvigorate some of the collaborative work across the Deanery. As well as the Licensed Clergy, Cromer's representstives on Synod are David Anderson, Anne Cottingham, John Hodgkinson, Mary Howard (until September 2024) and David Orsborne. David Orsbome PCC Secretary
CROMER PCC- CHARITY NUMBER.. 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Safeguardlng Safeguarding Children, Young People and Adults at Risk in Ihe Cromer Church famity is of the utmost importance. PCC complies with the duty to have 'due regard. to the House of Bishops, guidance in relation to safeguarding. Notices are displayed in each building and the coThect practices are followed. These documents are reviewed annualty. People working with children, young people and vulnerable adults need to engage with the online training. There a seven training modules - although most people only need to complete three of them: Basic Awareness, FOUndanS and Raising Awareness of Domestic Abuse. This has been quite challenging to achleve and we still have a number of people who work with Children, Young People and Adults at Risk who have not yet completed the relevant levels of training. Work on this is ongoing. The DI0Se are now undertaking some face-to-face training for people who don't have access to the intemet. We are fortunate to have access to the Safeguarding Dashboard through the Diocese. We have ompleted Level 1 and Level 2 and 68 /0 of Level 3. There are 64 names on the DBS list. Several people have more than one role which needs a DBS check. The lisl does not include the Clergy, retired clergy and those with Permission to Officiate, who are checked by the Diocese. Eileen Woodfield Alison Orsbom8 17 March 2025 io
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) FinanGe The PCC is holding sufficient funds in reserve to continue in operation for the foreseeable future. Having spent £181,220, before any VAT reclaim. on major repairs and improvements, there still remains a totsl unrestricted fund of £534,892 (£400.632 excludlng tangible fixed assets). Income General funds have benefitted from the residue of a legacy totaling £34,315. The Parish Giving Scheme contributes 680/0 of planned giving with Standing Orders down to 210/0 and Envelopes static at 110kn. l encourage everyone giving regularly by standing order or envelope to sign up for the Parish Giving Scheme. It saves an enormous amount of administration for Cromer Church with the processing of deposits and tax reclaims being made by the Church of England at no cost to us. The Bookstall and Cornerstone again exceeded their income projections and provided net profits of £10,500 and £21,071 respectively. The stock held by the book stall has become material, and we have therefore accounted for this for the first tim8 at 31 Dec8mber 2024. This can be seen in the balance sheet. on again, I thank the volunteers for their hard vrfork and Gommitment to make this possible. Currently I have invested some of our funds in 5 Fixed Rate Term Deposits with Lloyds Bank and by the end of 20251 plan to have 6, all invested for 12 months but with expiry dates falling every 2 months so that money can be accessed easily, rf needed urgently. This will also have a positive effect on the savings interest column. Expendilure Di0san Parish Share was paid in full. Last year the PCC decided to pay £12,243 via the Ephesians Fund to ensuie that the DicrEse only used OUT money to help like-rninded evangelical churches rather than in a centralised pot. Although the Finan team at Diocesan House were aware of our actions, because of the way their accounting system works, the published figure at year end shows a shortfall. The amount paid directly to The Norwich Diocesan Board of Finan by the Church was £105.365. This. in addition to the aforementioned £12.243. is shown in the analysis of expenditure (note 4), as £117,608 in total. Mission costs are shown at 14 % over budget however. fund raising and donations to some of the events has more than covered the shortfall. Church Utlllty Bllls were wlthln overall budget and were similar to our energy provlder SSE'S projections for 2025. We are monitoring the water usage figures closely. Water meters were fitted lo all 3 buildings last year however, Anglian Water do not regularly take readings so we are providing reading ourselves to keep the budget as accurate as possible. li
CROMER PCC- CHARITY NUMBER: 1135323 YEAR ENDED 31 DECEMBER 2024 TRUSTEE'S REPORT (CONTINUED) Bank Charges. After much hard work the fees paid to Nat West have reduced to as low as I can manage. If those giving regularly by standing order swttched payment to the Parish Giving Scheme. it would save another £42 (260/0) per year. Giving fomis are available in the church. A big thank you for everyone's support in 2024 and I look forward to continu8 working for you in 2025. Doug Tuthill, PCC Treasurer Statement of Trustee's responslbilities The members are responsible for preparing the Trustee's report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities In England & Wales requires the members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incomlng resources and application of resources. including its income and expenditure, for that period. I n preparing these financial ststements, the members are required to: • select sultable accounting policies and then appty them consistently; observe the methods and principles of the Charities SORP (FRS 102); make Judgments and accounting estimates that are reasonable and prudent; . state whether applicable UK Accounting Stsndards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial ststements on the going conrn basls unless It is inappropriate to presume that the Charity will continue in business. The members are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charty (Accounts and Reports) Regulalions 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by ordei of the members of the board of members and signed on their behalf by: Revd Will Warren 3 April 2025 12
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT Independent examinerfs rnport to Iha Trustees of Cromer PCC rthe charit) I report to the Charity Trustees on my examination of the accounts of the above Charity (Cromer PCC) for the year ended 31 December 2024. Responsibilities and basls of report As the Trustees of the Charity you are responsible for the pparatIOn of the aCCnts in accordance with the requirements of the Charities Act 2011 (Yhe 2011 Acr). I report in respect of my examination of the Charits¥s accounts carried out under section 145 of the 2011 Act and in carryirKJ out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since the Chariws gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association of Accounting Techinicians in England and Wales, which is one of the listed bodies. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accountlng Practlce effectlve for reporting periods beginning on or after 1 Janusry 2015.1 have completed my examination. I confirm that no matters have Come to my attention in connection wlth the examlnatlon glving me cause to believe that in any material respect: 1. accounting records Vre not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the fomi 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 fairf view which is not a matter considered as part of an independent examination" or 4. the accounts have not been prepared in accordance with the meth(xJs and principles of the Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}- 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 understsnding of the accounts to be reached. This pOrt is made sdely to the Charitls Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitys Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not apt or assume responsibility to anyone other than the Charlty and the Charitys Trustees as a body, for my work or for this report. Emma Hlgnett FMAAT Timothy Hignett and Partners Limited Accountants 7 High Street Cromer Norfolk NR27 9HG 3 April 2025 13
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES Restricted income funds 2023 2024 Total Total funds funds RKommendod categories by actlvity Unrèstricted funds Incoming resources (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities Inveslments 237,276 497 237,773 300,277 74,009 13,231 3,433 77,442 13,231 73,831 6,797 Separate material item of income Other Total Resources expended (Note 4) Expenditurn on: Charitatle aclivities 12,857 393,762 324,516 3,930 328,446 347,051 32,978 380,029 281,463 Total 347,051 32,978 380,029 281,463 Net (expenditure)lincome before Investment gainsl<losses) Net gainslllosses) on Investments Net {expenditure)lincome Extraordinary items Transfers between fundslcapital exp. from fund Other recognised gainsl{losses): Gains arKI losses on revaluation of fixed assets for the chaiity's own usa Other gainsl{losses) Net movement in funds 22,535 29,048 51.583 112.299 22,535 29.048 51.583 112.299 54,547 54,547 32,012 83.595 51.583 112,299 Reconciliation of fund8: Total funds brought forward Total funds carried forward 502,880 534,892 254,862 171.267 757,742 706,159 645,443 757,742
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 BALANCE SHEET 3111212024 3111212023 Fixed assols Tangible assets (Note 6) Investments Total flxed assets Current assets Stock Debtors {Note 7) Cash at bank and in hand (Note 9) Totsl currnnt assets 134.260 57,046 134,260 57,046 2,632 48,813 532,362 583,807 48,004 661,680 709,684 Creditors: amounts falling due within one year (Note 8) 11,908 8,988 Net current assetsl(Ilabllltles) 571,899 700,696 Total a8sat8 less Gurrent liabilitiès 706,159 757,742 Creditors: amounts falling due after one year (Note 8) Provlslons for Ilabllltles Total net assets or liabilitios Funds of the Charity EndOlent funds 706.159 757,742 Restricted income furKls (Note 11) Unrestricted funds Revaluation reserve Total funds 171.267 254,862 534,892 502,880 706,159 757,742 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Revd Wlll Warren 3 April 2025 The notes on pages 16 to 24 form part of these financial statements. 15
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS Note 1 Basis of preparatlon Basls of accountlng These accounts have been prepared under the historical cost convention with items recognised at The accounts have been prepared in accordan with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the FinanGial Reporting Stsndard applicable in the United Kingdom and 102) and with the Charities Act 2011. The Charty constitutes a public b8nefit entity as defined by FRS 102. General Infomiatlon Cromer PCC is a registered charity, number 1135323. Registration took place on 30 March 2010. The registered office for the Charity is Cromer Parish Hall. 65 Church Street, Cromer. NR27 9HH. The Charity is govemed by the Parochial Church Council Powers Measure (1956) as Amended and the Church Represention Rules. The Charity also works under the name The Parochial Church Council of the Ecclesiastical Parish of St Peter & St Paul, Cromer with St Martins, Cromer. The name was am8nded with The Charity Commission from Cromer Parochial Church Council to Cromer PCC to ease logislical difficulties. The full name above is also logged with The Charity Commission. 16
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS (CONTI Note 2 Accounting policies Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured r81iabty. The recognition of inrne from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount recelvable. Evldence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid wlll and the death of the benefaclor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amounl receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in credilors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Glft Aid or deeds of covenant is recognis8d at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is r8ceivable and to the extent the goods have been provided or on completion of the service. Expenditure Expenditure is recognised once there is a legal or constructiv8 obligation to transfer economic benefrt to a third party, it is probable that a transfer of econornic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a slngle activity are apportioned between those activities on a basis consistent with the use of reSoUs. Where expenses can not be attributed effectively, they have not been allocated, and the total cost Can be seen in the analysis of exp8nditure under a specific heading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusNe of irrecoverable VAT. Any VAT redaimed on capital purchases has been set against the cost of Ihe asset. Tanglble fixed assets and depreciation Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 17
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONT Note 2 Accounting policies (cont) Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis: Freehold property - Held at historical cost Fixtures and fittings - 25'A Reducing balance Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepaymenls are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand includes cash and liquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account. Stock If stock movements are considered mat8rlal, these will be included within the accounts. stocks accounted for are measured al the lower or cost or net realisable value. Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlernent, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at Ihe pre-tax discount rate Ihat reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Fund accounting Unreslricted funds comprise unrestricted funds that have been set aside by the Members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The alm and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 18
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS (CONT) Nots3 Analysis of income Restrlcted income funds Unrestrictsd funds Total funds 2024 Total funds 2023 Anal Is Collections and other ivin s Le acies Donations with ift aid Income tax recovered Third party donations Donations and legacies: 31,677 34,315 140,089 30,257 938 237.276 31,677 34,315 140,089 30,754 938 237.773 46,788 65,500 137.364 46.763 3,862 300,277 497 Total 497 Charltable activitios: VAT recovered - not elsewhere included Totsl Other tradlng activities: Rent Bookstall Cornerstone Bottle Events Organ concerts 25,449 17,741 27.387 3,432 25,449 17,741 27,387 3,432 25,674 16,459 24,474 2,788 451 3,985 73,831 3,433 3,433 3,433 77,442 Total 74,009 Income from investments: Income from investmentslfees 13,231 13,231 13,231 13,231 6.797 6,797 T¢)tal Separate material item of income: Total Other: Off sile funeral credits Insurance claim Grants 960 1,297 10,600 12,857 Total TOTAL INCOME 324,516 3,930 328,446 393,762 19
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS (CONT) Note 4 Analysis of expenditure 31-Dec.24 estrlcted Income funds 31.Dec.23 estrlcted Income funds Unrtstricted funds Unrostrlcted funds Analysis Expenditure on charitable Parish Share (see treasurer's report) Meadow Close running costs DBS checks Totsl funds Total funds 117,608 2.215 528 14,000 30,955 5,383 6,054 8,562 27,704 40,996 16,459 9,794 7,241 6,316 44.753 4.690 942 752 161 117.608 2,215 528 14,000 30.955 5,383 6,054 8,562 50,459 40,996 16,909 9,794 7,241 6.316 44,753 4,690 942 10,525 161 100,000 1,960 331 15,000 21,483 2,405 4,465 9,052 19,891 33,643 15,130 12,466 9,152 5.890 19,016 4,500 100,000 1,960 331 15,000 21.483 2.405 4,465 9,052 21,359 33,643 15,130 12,466 9.152 5.890 19.016 4,500 Donalions and fees Church running expenses Cler ex nses Worshi Hall expenses Repairs & maintenance Church workers Parish activities Office costs and re-branding Bookslall running costs Comerstone running expenses Depreciation Accountancy and payroll costs Organist Consultancy fees Bank charges Third party donations and PCC agreed donations Total expendlture on charltable activltles 22,755 1 ,468 450 9,773 1,302 447 1,302 447 1,938 1,938 3,862 3,862 347,051 32,978 380,029 279,995 1,468 281,463 20
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS {CONT) Note S Detalls of cartaln Items of expenditure Wages costs are shovm under Church workers. and no employees eam over £60,000. The average number of staff in the year is 4 (2023: 3). The independent ex8minerfs remuneration amounts to an independent examiner and accounts preparation fee cost of £4.000 (2023 - £3.510). The charge for 2024 and 2023 have been accrued as an estimate In the accounts in the relevant year. The statement of financlal activities also includes other accounting charges. including payroll costs. During the year, no Trustees received any remuneration or other benefits in their capacity as Trustee (2023 - £NIL). During the year ended 31 December 2024. no Trustee expenses have been incurred (2023 - £NIL). Note 6 Cost or valuation Tangible fixed assets Freehold land & buildings other land & buildings Plant. machinery and motor vehicles Flxtures, fittings and equipment Total At the beginning of the year Additions Revaluations Disposals l Transfers At end of the year Depreciation and impairments Basis 121,451 121,967 121,451 121,967 243,418 243,418 SLorRB (Straight Line or Reducing Balance) Not de reciated SLorRB SLorRB RB Rate 250 At beginning of the year Depreciation At end of the year 64,405 44,753 109,158 64,405 44,753 109,158 Net book value Net book value at the beginning of the Net book value at Ihe end of the year 57,046 134,260 57,046 134,260 Note 7 Debtors and prepayments Analysis of debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors Total 2,672 281 45,860 1,874 270 45,860 48,004 As part of the accounting work completed in 2022, it was found that the freehold of Meadow Close was in the name of the NORWICH DIOCESAN BOARD OF FINANCE LIMITED. Upon this basis, the asset has been removed from fixed assets in the accounts, via transfer. The has been included within debtors. 21
CROMER PCC FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS (CONTI Note 8 Creditors and accruals Analy8ls of credltors Amounts falllng due wlthln one year 2023 Amounts falling due after more than one year 2024 2023 2024 Accruals for granls payable Bank loans and overdrafts Trade creditors PaentS received on account for contracts or performance-related grants Accruals and deferred income 7.056 4,638 4,000 852 3.510 840 Taxation and social security Other creditors Total 8,988 Note 9 Cash at bank and in hand 2024 2023 Cash at bank and on hand Other Total 532.362 661.680 Note 10 Related party transactions During the year, £16.228 (2023 - £NIL} was paid to Purslows Building Surveyors Limited, for professional services. Simon Purslow is a director and shareholder of the aforementioned company. and is also a Trustee of The Church. Part of the £16,228 is shown in the analysis of expenditure, and the balan has been included in fixed asset additions. Cromer PCC has not entered into any other related paty transaction during the year, nor are there any outstanding balances owing been related parties and The Church at 31 December 2024. 22
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