PARISH OF BENGEO Annual Report for 2024
General Information
This report covers the period 1 January to 31 December 2024.
Bengeo is in the Diocese of St Albans and is situated mainly within the town of Hertford, but the parish also includes the rural areas of Chapmore End and Tonwell. The Parochial Church Council (PCC) has the responsibility of maintaining two churches in the parish, Holy Trinity Church and St Leonard’s Church. Holy Trinity Church, a Grade II listed building, is the main parish church and is situated in New Road, Bengeo. St Leonard’s Church is a Grade I listed building dating from approximately 1120 and is situated in St Leonard’s Road, Bengeo.
The PCC operates under the Parochial Church Council Powers Measure and appointments are made under the Church Representation Rules.
During the past year the following served as members of the PCC:
Team Vicar: The Reverend Robert Thompson Associate Priest: The Reverend David Pepper Lay Readers: Mr Bob Kelly & Mrs Anne Sentance Churchwardens: Mrs Diana Howarth and Mr Graham Squires
Representatives on the Deanery Synod: Vacant
Elected members:
Until APCM 2025 Mrs Joanne King Mr David Greely Mr Peter Shillito Until APCM 2026 Mr David Cramphorn Mrs Bridget Hersant Mrs Anne Sentance Until APCM 2027 Mrs Pam Thain Mr James Dutton
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Aim and purposes
The primary objective of the PCC is to support Robert in the promotion in the parish of the gospel of Lord Jesus Christ. The actions the PCC continued to focus on in 2024 to support this objective were:
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The provision of a variety of regular and engaging worship services and activities in well maintained and accessible settings (including on-line) to meet the wishes and needs of the congregation – see Regular Worship and Church Buildings and Environs sections
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Support the delivery of a programme of mission activity in the local community to enrich the life of the community, offer engagement opportunities for some local vulnerable and potentially isolated groups and individuals and spread the word of God – see Community Activities section
Regular Worship
The arrangement of 9am and 10am Sunday modern language services with service booklets for each season continues to be well received. The 10am services continue to provide a range of musical offerings including regular appearances by the choir and the informal singing group, services featuring the worship band, as well as wonderful support by the two church organists. The 10am service continues to be live-streamed providing valuable access for those unable to attend in person. This is regularly viewed by 20 to 30+ worshipers.
In 2024 Holy Trinity introduced an initiative whereby a team led by Bob Kelly, Anne Sentance, Bridget Hersant and Moira Flindall provided a non-Eucharist 10am service from time to time. These services have been very well received adding to the rich variety of worship opportunities offered at Holy Trinity.
Services of Holy Communion in the traditional language from the Book of Common Prayer also provide a valued alternative weekly worship offering.
Quiet Time, the weekly prayer group, continued to provide a space for reflection and meditation, thanks to the dedication and stewardship of David Cramphorn and Moira Flindall. The Advent and Lent Bible discussion courses were again well received this year.
The average attendance each Sunday during October 2024 was 48 - compared with an average attendance of 52 for each Sunday in October 2023.
Electoral Roll - there were 95 people on the 2024 Electoral Roll. A complete renewal of the Electoral Roll was required for 2025 which Stella Saggers kindly undertook. The 2025 Electoral Roll for Holy Trinity totalling 81 people -
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has been published for fourteen days continuously in advance of the Annual Parochial Church Meeting.
Church Buildings and Environs
Holy Trinity Church
Thanks to the generosity of Peter and Libby Shillito the Reredos and font have been cleaned and restored, in memory of their son, Tim. The transformation has been remarkable, bringing to life the wonderful carving.
The redecoration of the outer doors was completed in Spring 2024.
Work was undertaken in summer 2024 to repair and re-lead the church roof.
Plans have been put in place for the re-decoration of the inside of the church this summer when St Leonard’s will be used for services. A contractor has been sourced to carry out the work and advice taken to ensure that the best and most appropriate paint and materials are used.
Rosie Freeland has kindly taken on the organisation of the volunteers who maintain the Memorial Garden. This work is now supplemented by professional help from Paul Cramphorn who has been contracted to mow and maintain the lawn and beds.
A second bench is being installed in the churchyard of Holy Trinity in memory of Roger Martin.
St Leonard’s
A survey of the wall paintings at St Leonards has been undertaken. This found that there had been very little deterioration over the last 20 years since the last survey, but some conservation work is required to stabilise the flaking paint. This will be paid for by the Friends of St Leonard’s with grant assistance and will take place in 2025.
Work to erect railings in St Leonard’s churchyard to safeguard against a trip hazard will also be undertaken in 2025.
Church Hall
A defibrillator has now been installed.
Special thanks are extended to Wendy Celia and Heidi Dutton concerning their work in managing the bookings and taking care of the hall.
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Community Activities
Holy Trinity church continues to play an active role in the local community delivering a rich and varied programme of mission activity in 2024. This included:
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Coffee Pot community project – providing a weekly opportunity for people to get together with others over tea and refreshments with all profits going to charity
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Bereavement Café initiative – providing fortnightly in person sessions with trained volunteers in a safe and welcoming environment – as well as an on-line community group
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Bean River View initiative – Robert visiting this closed dementia unit every fortnight to deliver a session involving a story, discussion, bible passage, poem and hymns. Very positively received
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‘Open the Book’ initiative taking the gospel into local primary schools every month and bringing it to life with fun and engaging interactive sessions
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Bengeo Magazine – this high-quality community-focused publication continues promote the activities of the church and position Holy Trinity and St Leonard’s at the very heart of Parish and local community life. Diana Howarth and the magazine team are to be commended for this tremendous contribution to church and local community life
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The Friends of St Leonard’s welcomed visitors on Sunday afternoons throughout the summer. A new Wild Worship service took place in June and September offering participants the opportunity to immerse themselves in the natural world. The Annual Pet Blessing Service took place at the beginning of July and was well attended. A Hymns and Pimms service celebrating the 40[th] Anniversary of setting up the Friends of St Leonard’s took place later in July. Music concerts also continued to draw people to into the church through the summer months
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Music plays an important part in church and local community life at Holy Trinity. The Worship Band, Choir and Singing Group continue to provide a range of quality church music at our regular services. Regular, high-quality concerts at the church also continue to draw in crowds of local people as well as music lovers from further afield
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Book Club – continues to meet once a month in what has developed into a strong friendship group
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- Craft Club – continues to meet once a month in the Church Hall to enable local people to get together and develop their craft skills in a warm and friendly environment
Once again, the PCC would like to thank the indefatigable efforts of the volunteers who support the services and events at Holy Trinity and St Leonards including the coffee team, cleaning team and flower arrangers, as well as everyone involved in raising funds for the church and for the charities the church supports.
Safeguarding
The Parish is committed to the safeguarding of children and vulnerable adults and to supporting those who have been victims of abuse, as well as providing a safe environment from those who may present a risk to others, The PCC continues to comply with their duty to have due regard to the House of Bishops’ Safeguarding Policy and Practice Guidance. DBS checks are renewed every three years for these individuals as well as all members of the PCC. All appropriate safeguarding training has also been undertaken within the last 3 years.
The PCC adopted a revised Photography and Live Stream Policy in January 2025. This policy together with the Safeguarding Children’s Policy, the Safeguarding Policy for Adults and the Domestic Abuse Policy are being tabled for approval at the 2025 APCM.
If you wish to obtain advice or raise concerns, please contact Anne Sentance, the Parish Safeguarding Officer, or any member of the PCC. There were no issues of safeguarding concern reported during 2024.
Hertford Team Ministry
The Diocese has issued proposals which return arrangements for Hertford churches to the same system as before the Team Ministry model was initiated. On a day-to-day basis these changes would not impact the Parish – with a collaborative ministry between all Hertford churches being put in place. The proposals would mean the Robert would be officially titled as ‘Rector’ and Ralph Abel Smith would return as the patron of the parish. The PCC voted to adopt these proposals in November.
Deanery Synod
Deanery Synod met three times during 2024.
March – The Deanery of the Future Synod looked at some of the realities of the life of our deanery and began to consider possible futures. It was noted
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that only two of the benefices contribute (through their Parish Share) the full cost of placing a priest in post, and these effectively subsidise the rest of the parishes (whose full share request falls short of the total cost of ministry). It was observed that some parishes are paying their share by dipping into reserves and that many were being funded by donations from generous ageing congregations. If current trends were to continue, it would not be long before the diocese would need to consider further amalgamations. The challenge for the deanery was how to be ready with suitable answers to any such proposals. The following questions were discussed in groups: What would your reaction be to the suggestion that your parish be united with [a parish adjacent to yours] when the next minister resigns (yours or theirs)? What would be gained? What would be lost? What don’t you know that you think you need to know? The increase in the governance burden on churches and the simultaneous volunteer-crisis were also discussed. Much important ministry is carried out by lay people, but it is getting harder to fill the posts of warden, treasurer, secretary and PSO. Members were asked: What do you think could be done about filling this need? What is your own parish situation with regard to filling vacancies for posts like churchwarden and treasurer? Synod will return to these matters later.
July – Social Function and Elections to Diocesan Synod. All five vacancies in the House of Clergy were filled without election. Our representatives are Ysmena Pentelow, John Hookway, Alan Stewart, Sarah Forrest and Mark Dunstan. Five of the six vacancies in the house of laity were filled without election. Our representatives are Liz Horner (St Mary the Virgin, Ware), Tim Crowther (St Mary the Virgin, Ware), Janet Bird (All Saints, Hertford), Colin Bird (All Saints, Hertford) and Bob Barker (Christ Church, Ware). This Synod was followed by a relaxed and enjoyable BBQ, giving members an opportunity to deepen friendships and share ideas, issues and best practices. www.hertfordandwaredeanery.org.uk
November - Generous Giving The Diocesan Giving Officer, Kate Ford, has been in post for about two years. Her role is sponsored by funds from the National Church. She is helping parishes to grow generous giving by advising on giving mechanisms and communications and through running giving campaigns. She gave a thorough and encouraging presentation. Questions and comments from the floor related to a wide range of topics including: legacies; the benefits, costs and use of card readers; the positives of using the National Parish Giving Scheme and Gift Aid. After the plenary, Synod members were given the opportunity to look at template documentation resources and two card readers. The vacancy in the House of Laity for Diocesan Synod was filled by Shirley Taylor from Hertford, St Andrew’s (unopposed). All the meetings also included other reports from Diocesan Synod. Deanery Collaboration
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Financial Review ( to be read in conjunction with the Honorary Treasurer’s Report in the 2024 Annual Accounts)
The 2024 Annual Accounts for Holy Trinity show that our annual expenditure (£136,322) exceeded our income (£123,106). Overall, the accounts show a deficit on unrestricted funds of £9,283. This is compared with a deficit of £7,235 in 2023. These annual deficits are sustainable because of the value of unrestricted funds held by the PCC.
Investment values increased in the year with an unrealised gain of £19,714 compared with a gain of £74,660 in 2023. The value of investments held at 31 December 2024 was £881,057 compared to £861,342 at the end of 2023. Income from these investments in 2024 totalled £23,910.
Whilst the deficits of recent years are small in comparison to the funds held by the PCC they are resulting in a gradual deterioration the values of the funds as they are used to offset the deficits. Reducing the annual General Fund deficit is a key area of financial focus during 2025.
End of year cash holdings for 2024 were £95,068 (2023: £101,616).
Unrestricted funds now stand at £822,924
Restricted funds now stand at £46,940
Endowment funds now stand at £127,475
Meaning total funds now stand at £997,333 (2023: £990,841).
Reserves Policy
The PCC aims to hold, in current assets, unrestricted fund balances equivalent of between six and nine months’ of unrestricted expenditure. This ensures there are funds immediately accessible to smooth out fluctuations in cash flow and to meet emergencies. The target is between £64,000 and £95,000. The year-end unrestricted fund balance held in current assets was £69,342.
D Greely Hon Secretary Holy Trinity Church Bengeo
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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH AND ST. LEONARD, BENGEO
(Registered charity no. 1137534)
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Contents: Honorary Treasurer’s Report page 2 Independent Examiner's report page 3 Statement of Financial Activities for the year ended 31 December 2024 page 4 Balance Sheet as at 31 December 2024 page 5 Notes to the accounts page 6
The notes on pages 6 to 11 are an integral parts of the accounts
1
Honorary Treasurer’s Report
This report should be read in conjunction with other Annual Reports produced for circulation at the Annual General Meeting which summarise the main activities of the parish during 2024.
The format of the accounts is the same as last year, as required by the Church Accounting Regulations 2006. The Statement of Financial Activities on page 4 summarises the income and expenditure for the year (separately detailed in Notes 2 and 3 respectively). The balance sheet on page 5 shows the assets and liabilities of the PCC and these apportion between various funds.
Key points to note:
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Total incoming resources were £123,106. Of this, £117,896 was unrestricted (2023: £101,315) and £5,210 was restricted (£11,979).
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Planned giving increased by 1%. Cash collections increased 17%. There were no legacies received in 2024 (2023 none). Income from investments was similar to the prior year. Hall income increased from £15,878 to £16,434.
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Total outgoing resources were £136,322. Of this £127,179 was unrestricted (2023: £108,550) and £9,143 was restricted (2023: £9,499).
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The Parish Share was £69,332 (2023: £70,047). Depreciation charges were similar to 2023. Church running expenses, including maintenance, utilities and insurance, show an increase from £11,679 to £27,269. The main reasons for the increase: reredos cleaning (£7,651); higher utility costs; painting (£2,760); roof (£1,400); heating (£884); doors (£1,191).
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Overall, the accounts show a deficit on unrestricted funds of £9,283 (2023: deficit of £7,235). These annual deficits are sustainable because of the value of unrestricted funds held by the PCC.
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Included in 2024 expenditure, are payments to FOSL of £1,150. These amounts were included in income in 2023. If these had been included in expenditure in 2023, the overall deficit on unrestricted funds in 2024 would be very similar to 2024.
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Investment values increased in the year with an unrealised gain of £19,714 (2023: gain of £74,660). The value of investments held at 31 December 2024 was £881,057 (2023: £861,342). The volatility in investment values over the last few years would appear set to continue. Income from these investments in 2024 totalled £23,910 (2023: £23,544).
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The accounts show cash holdings of £95,068 at the year-end (2023: £101,616).
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In addition to the unrestricted general fund there are two unrestricted designated funds:
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Legacy fund £31,352 (2023: £31,346) - The PCC has a policy that legacies, unless otherwise restricted by the testator, are held in a fund and used for significant projects.
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Hall fund £25,606 (2023: £19,836) – This fund holds monies generated from the hall, put aside for any specific work required on the hall in the future.
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There are also several restricted funds totalling £46,940 (2023: £50,873). These represent income given to the PCC for specific purposes. Of this, £17,036 has supported the acquisition of specific assets (eg lectern, AV equipment). Details of all restricted funds is shown in Note 10b.
Reserves Policy
The PCC aims to hold, in current assets, unrestricted fund balances equivalent of between six and nine months’ of unrestricted expenditure. This ensures there are funds immediately accessible to smooth out fluctuations in cash flow and to meet emergencies. The target is between £64,000 and £95,000. The year-end unrestricted fund balance held in current assets was £69,342.
Nick Sharman, FCA
2
Independent Examiner’s report to the Trustees of the Parochial Church Council of Holy Trinity with Christ Church and St. Leonard, Bengeo
I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 4 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
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state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Curtis Juman, FCPFA
111 Riddlesdown Road, Surrey CR81DH
15 April 2025
3
Statement of Financial Activities for the year ended 31 December 2024
| Note INCOMING RESOURCES Resources from donors 2a Other voluntary income 2b Trading income 2c Investment income 2d TOTAL INCOMING RESOURCES RESOURCES USED Grants - Charitable giving 3a Work of the Church 3b Fundraising costs 3c Management & Admin 3d TOTAL RESOURCES USED NET (RESOURCES USED) / INCOMING RESOURCES UNREALISED GAINS/(LOSSES) ON INVESTMENTS 10 NET MOVEMENT OF FUNDS BALANCES 1 JANUARY BALANCES 31 DECEMBER |
Unrestricted Restricted Endowment Total Total Funds funds Funds 2024 2023 £ £ £ £ £ 73,531 1,010 - 74,541 64,173 4,405 900 - 5,305 4,942 1,387 - - 1,387 2,473 38,573 3,300 - 41,873 41,706 |
|---|---|
| 117,896 5,210 - 123,106 113,294 |
|
| 5,095 - - 5,095 3,636 116,555 2,284 - 118,839 102,368 3,143 394 - 3,537 2,899 2,386 6,465 - 8,851 9,146 |
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| 127,179 9,143 - 136,322 118,049 |
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| (9,283) (3,933) - (13,216) (4,755) 16,862 - 2,852 19,714 74,660 |
|
| 7,579 (3,933) 2,852 6,498 69,905 815,345 50,873 124,623 990,841 920,936 |
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| 822,924 46,940 127,475 997,339 990,841 |
When planning activities, the PCC has considered the Charity Commission's guidance on public benefit, in particular the specific guidance on charities for the advancement of religion.
4
Balance Sheet as at 31 December 2024
| Note FIXED ASSETS Tangible fixed assets 5 Investments 6 CURRENT ASSETS Debtors 7 Deposits (at Central Board of Finance) Cash and bank balances LIABILITIES: amounts falling due within one year 8 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted - General - Designated - Total 10a Restricted 10b Endowment 10c |
£ 17,036 881,057 |
2024 £ 898,093 101,620 (2,374) 99,246 997,339 765,966 56,958 822,924 46,940 127,475 997,339 |
2023 £ 23,501 861.342 |
|---|---|---|---|
6,552 57,231 37,837 |
884,843 5,248 52,657 48,959 |
||
106,864 (866) |
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105,998 |
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990,841 |
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764,163 51,182 |
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815,345 50,873 124,623 |
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990,841 |
Approved by the Parochial Church Council on 27 March 2025 and signed on its behalf by:
The Reverend Robert Thompson (Chairman)
The notes on pages 5 to 11 form part of these accounts.
5
Notes to the accounts
1) Accounting policies
The financial statements have been prepared in accordance with the Church Accounting Regulations as amended by the Church Accounting (Amendment) Regulations 2006 together with applicable accounting standards and the Charities SORP.
The financial statements have been prepared under the historical cost convention except for the valuation of fixed asset investments, which are shown at market value.
General funds represent the funds of the Parochial Church Council (“PCC”) that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by fête, garden party and similar events are accounted for gross.
The diocesan parish share is accounted for when paid.
Rental income from the letting of church premises is recognised when the rental is due.
Interest entitlements are accounted for as they accrue.
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2)(a) of the Charities Act 2011.
Movable church furnishings held by the Team Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's Inventory which can be inspected by arrangement with the Churchwardens. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items costing more than £500 acquired since 1 January 2000 are capitalised and depreciated in the accounts over their anticipated useful economic life. The cost of the organ and other items are depreciated over ten years.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £500 or on the repair of movable church furnishings acquired before 1 January 2000 is written off. Individual items of equipment with a purchase price of less than £500 are written off when the asset is acquired.
Amounts owing to the PCC as at 31 December in respect of tax reclaimable under Gift Aid, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or with the Diocese.
Investments are valued at market value as at 31 December.
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments as at 31 December.
6
Notes to the accounts continued
2) Incoming resources
| 2a Resources from donos: Planned giving (BACS and envelope scheme) Collections Donations (including occasional envelopes) Tax reclaimed 2bOther voluntary income: Fundraising Legacies Other 2cTrading income: Fees 2dInvestment income: Dividends and interest Rent from Church Hall Total incoming resources |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 31,204 - 31,204 - 31,204 30,891 11,993 - 11,993 - 11,993 10,260 18,653 - 18,653 1,010 19,663 13,871 11,681 - 11,681 - 11,681 9,151 |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 31,204 - 31,204 - 31,204 30,891 11,993 - 11,993 - 11,993 10,260 18,653 - 18,653 1,010 19,663 13,871 11,681 - 11,681 - 11,681 9,151 |
|---|---|---|
| 73,531 - 73,531 |
1,010 74,541 64,173 |
|
| 4,059 - 4,059 - - - 346 - 346 |
900 4,959 4,942 - - - - 346 - |
|
| 4,405 - 4,405 |
900 5,305 4,942 |
|
| 1,387 - 1,387 |
- 1,387 2,473 |
|
| 1,387 - 1,387 |
- 1,387 2,473 |
|
| 22,133 6 22,139 - 16,434 16,434 |
3,300 25,439 25,828 - 16,434 15,878 |
|
| 22,133 16,439 38,573 |
3,300 41,873 41,706 |
|
| 101,456 16,440 117,896 |
5,210 123,106 113,294 |
Dividends earned by the repair fund (£3,300) are restricted for use in maintaining and running the church and are therefore included in restricted funds above.
The PCC has a policy that legacies, unless otherwise restricted by the testator, are held in a designated fund and used for significant projects. No legacies were received in the year (2023: nil).
7
Notes to the accounts continued
3) Resources used
| Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 3a Charitable giving 5,095 - 5,095 - 5,095 3,636 5,095 - 5,095 - 5,095 3,636 3b Work of the church: Parish Share 69,332 - 69,332 - 69,332 70,047 Clergy and training expenses 2,522 - 2,522 - 2,522 1,986 Church running expenses (including minor repairs) 27,269 - 27,269 - 27,269 11,679 Upkeep of services 1,166 - 1,166 1,024 2,190 3,832 Churchyard and Memorial Garden - - - 1,260 1,260 130 Church Hall running costs - 10,664 10,664 - 10,664 9,829 Website & publicity 338 - 338 - 338 816 Salaries and fees 5,264 - 5,264 - 5,264 4,049 105,891 10,664 116,555 2,284 118,839 102,368 3c Fundraising and trading costs: Fundraising 3,143 - 3,143 394 3,537 2,899 Magazine - - - - - - 3,143 - 3,143 394 3,537 2,899 3d Management and Administration: Admin costs 2,386 - 2,386 - 2,386 2,532 Depreciation - - - 6,465 6,465 6,614 2,386 - 2,386 6,465 8,851 9,146 Total outgoing resources 116,515 10,664 127,179 9,143 136,322 118,049* |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 5,095 - 5,095 - 5,095 3,636 |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 5,095 - 5,095 - 5,095 3,636 |
|---|---|---|
| 5,095 - 5,095 |
- 5,095 3,636 |
|
| 69,332 - 69,332 2,522 - 2,522 27,269 - 27,269 1,166 - 1,166 - - - - 10,664 10,664 338 - 338 5,264 - 5,264 |
- 69,332 70,047 - 2,522 1,986 - 27,269 11,679 1,024 2,190 3,832 1,260 1,260 130 - 10,664 9,829 - 338 816 - 5,264 4,049 |
|
| 105,891 10,664 116,555 |
2,284 118,839 102,368 |
|
3,143 - 3,143 - - - |
394 3,537 2,899 - - - |
|
| 3,143 - 3,143 |
394 3,537 2,899 |
|
| - 2,386 2,532 6,465 6,465 6,614 |
||
| 2,386 - 2,386 |
6,465 8,851 9,146 |
|
| 116,515 10,664 127,179 |
9,143 136,322 118,049 |
- The church running costs for 2024 include the cost of reredos cleaning (£7,651).
8
Notes to the accounts continued
4) Staff costs and members' interests
During 2024, the PCC employed Mr W Sarjeant as organist who was paid £2,560 for services (£2,260 in 2023). There were no payments in respect of National Insurance or pensions.
Any payments to Trustees (members of the PCC) were for the reimbursement of expenses only, supported by receipts.
5) Tangible fixed assets
| Cost b/f Additions Cost c/f Depreciation b/f Charge for the year Depreciation c/f NBV 1 January 2023 NBV 31 December 2024 |
Lighting System Organ & furniture Hall furniture & equipment Audio-visual equipment Total £ £ £ £ £ 30,287 83,474 5,176 10,499 129,436 - - - - - 30,287 83,474 5,176 10,499 129,436 (15,145) (82,137) (5,176) (3,477) (105,935) (3,028) (1,337) - (2,100) (6,465) (18,173) (83,474) (5,176) (5,577) (112,400) 15,142 1,337 - 7,022 23,501 12,114 - - 4,922 17,036 |
|---|---|
The organ was bought with a grant from The Friends of St Leonards in 2003 and is held in a restricted fund. Various items of furniture have been bought since with money donated specifically for the purpose. Depreciation, which represents 10% of the cost of each item, is charged against this fund. Audio-visual equipment is depreciated over 5 years.
6) Investments
| Units Endowment funds: Holy Trinity with Christ Church Repair Fund 3,929 Expendable endowment funds: Bengeo Holy Trinity Church Hall 1,584 Unrestricted funds: PCC account 1,962 Proceeds from sale of Cowper Crescent 30,628.54 |
Market Value 2024 Market Value 2023 £ £ 90,849 88,816 36,626 35,807 127,475 124,623 45,367 44,352 708,215 692,367 753,582 736,719 881,057 861,342 |
|---|---|
9
The investments are part of the CBF Church of England Investment Fund. This Fund aims to provide a longterm total return comprising growth in capital and income. The Fund is an actively managed, diversified portfolio of assets designed to help protect both present and future beneficiaries from the effects of inflation. It has an emphasis on equities but also includes property, bonds and other asset classes. The Fund is managed in accordance with the policies of the Church of England’s Ethical Investment Advisory Group.
In 2024, the Fund has provided an investment income of £23,910 (2023: £23,544). Market values of these investment has been volatile over recent years. In 2024 there was an investment gain of £19,714. This compares with a gain of £74,660 in 2023, a loss of £106,746 in 2022 and a gain of £114,830 in 2021. The PCC continually reviews its investment portfolio recognising that there will be market fluctuations. The investments are held for the long term.
7) Debtors
| Gift Aid amounts due from HMRC Deferred income |
2024 2023 £ £ 4,630 3,860 1,922 1,388 |
|---|---|
| 6,552 5,248 |
8) Liabilities: amounts falling due within one year
| Creditors | 2024 2023 £ £ 2,374 866 |
|---|---|
| 2,374 866 |
9) Analysis of assets and liabilities by fund
| Fixed assets: Investments (note 6) Tangible fixed assets (note 5) Current assets: Debtors (note 7) CBF deposits Cash and bank Creditors (note 8) |
Unrestricted funds Restricted funds Endowment funds Total Funds Total Funds General £ Hall £ Legacy £ £ £ 2024 £ 2023 £ 753,582 - - - 127,475 881,057 861,342 - - - 17,036 - 17,036 23,501 6,552 - - - - 6,552 5,248 33,319 5,610 117 18,185 - 57,231 52,657 (25,113) 19,996 31,235 11,719 - 37,837 48,959 (2,374) - - - - (2,374) (866) |
|---|---|
| 765,966 25,606 31,352 46,940 127,475 997,339 990,841 |
10
Notes to the accounts continued
10) Fund details
| a) Unrestricted funds: General fund Designated: Legacy fund Hall fund b) Restricted funds: Lighting system fixed assets fund Organ & furniture fixed assets fund Audio-visual fixed assets fund Bereavement café Roof & fabric fund Holy Trinity with Christ Church Repair Memorial Garden Flower fund c) Endowment funds: CBF units (note 6) |
Brought forward £ Net increase / (decrease) before unrealised gains/(losses) £ Unrealised gains / (losses) £ Transfers £ Carried forward £ 764,163 (15,059) 16,862 - 765,966 31,346 6 - - 31,352 19,836 5,770 - - 25,606 |
|---|---|
| 815,345 (9,283) 16,862 - 822,924 |
|
| 15,142 (3,028) - - 12,114 1,337 (1,337) - - - 7,022 (2,100) - - 4,922 423 506 - 929 3,061 - - - 3,061 15,096 3,300 - - 18,396 7,926 (1,010) - - 6,916 866 (264) - - 602 |
|
| 50,873 (3,933) - - 46,940 |
|
| 124,623 - 2,852 - 127,475 |
|
| 990,841 (13,216) 19,714 - 997,333 |
11) Related party transactions
There were no related party transactions during the year (2023: none).
11
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH AND ST. LEONARD, BENGEO
(Registered charity no. 1137534)
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Contents: Honorary Treasurer’s Report page 2 Independent Examiner's report page 3 Statement of Financial Activities for the year ended 31 December 2024 page 4 Balance Sheet as at 31 December 2024 page 5 Notes to the accounts page 6
The notes on pages 6 to 11 are an integral parts of the accounts
1
Honorary Treasurer’s Report
This report should be read in conjunction with other Annual Reports produced for circulation at the Annual General Meeting which summarise the main activities of the parish during 2024.
The format of the accounts is the same as last year, as required by the Church Accounting Regulations 2006. The Statement of Financial Activities on page 4 summarises the income and expenditure for the year (separately detailed in Notes 2 and 3 respectively). The balance sheet on page 5 shows the assets and liabilities of the PCC and these apportion between various funds.
Key points to note:
-
Total incoming resources were £123,106. Of this, £117,896 was unrestricted (2023: £101,315) and £5,210 was restricted (£11,979).
-
Planned giving increased by 1%. Cash collections increased 17%. There were no legacies received in 2024 (2023 none). Income from investments was similar to the prior year. Hall income increased from £15,878 to £16,434.
-
Total outgoing resources were £136,322. Of this £127,179 was unrestricted (2023: £108,550) and £9,143 was restricted (2023: £9,499).
-
The Parish Share was £69,332 (2023: £70,047). Depreciation charges were similar to 2023. Church running expenses, including maintenance, utilities and insurance, show an increase from £11,679 to £27,269. The main reasons for the increase: reredos cleaning (£7,651); higher utility costs; painting (£2,760); roof (£1,400); heating (£884); doors (£1,191).
-
Overall, the accounts show a deficit on unrestricted funds of £9,283 (2023: deficit of £7,235). These annual deficits are sustainable because of the value of unrestricted funds held by the PCC.
-
Included in 2024 expenditure, are payments to FOSL of £1,150. These amounts were included in income in 2023. If these had been included in expenditure in 2023, the overall deficit on unrestricted funds in 2024 would be very similar to 2024.
-
Investment values increased in the year with an unrealised gain of £19,714 (2023: gain of £74,660). The value of investments held at 31 December 2024 was £881,057 (2023: £861,342). The volatility in investment values over the last few years would appear set to continue. Income from these investments in 2024 totalled £23,910 (2023: £23,544).
-
The accounts show cash holdings of £95,068 at the year-end (2023: £101,616).
-
In addition to the unrestricted general fund there are two unrestricted designated funds:
-
Legacy fund £31,352 (2023: £31,346) - The PCC has a policy that legacies, unless otherwise restricted by the testator, are held in a fund and used for significant projects.
-
Hall fund £25,606 (2023: £19,836) – This fund holds monies generated from the hall, put aside for any specific work required on the hall in the future.
-
There are also several restricted funds totalling £46,940 (2023: £50,873). These represent income given to the PCC for specific purposes. Of this, £17,036 has supported the acquisition of specific assets (eg lectern, AV equipment). Details of all restricted funds is shown in Note 10b.
Reserves Policy
The PCC aims to hold, in current assets, unrestricted fund balances equivalent of between six and nine months’ of unrestricted expenditure. This ensures there are funds immediately accessible to smooth out fluctuations in cash flow and to meet emergencies. The target is between £64,000 and £95,000. The year-end unrestricted fund balance held in current assets was £69,342.
Nick Sharman, FCA
2
Independent Examiner’s report to the Trustees of the Parochial Church Council of Holy Trinity with Christ Church and St. Leonard, Bengeo
I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 4 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
-
state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Curtis Juman, FCPFA
111 Riddlesdown Road, Surrey CR81DH
15 April 2025
3
Statement of Financial Activities for the year ended 31 December 2024
| Note INCOMING RESOURCES Resources from donors 2a Other voluntary income 2b Trading income 2c Investment income 2d TOTAL INCOMING RESOURCES RESOURCES USED Grants - Charitable giving 3a Work of the Church 3b Fundraising costs 3c Management & Admin 3d TOTAL RESOURCES USED NET (RESOURCES USED) / INCOMING RESOURCES UNREALISED GAINS/(LOSSES) ON INVESTMENTS 10 NET MOVEMENT OF FUNDS BALANCES 1 JANUARY BALANCES 31 DECEMBER |
Unrestricted Restricted Endowment Total Total Funds funds Funds 2024 2023 £ £ £ £ £ 73,531 1,010 - 74,541 64,173 4,405 900 - 5,305 4,942 1,387 - - 1,387 2,473 38,573 3,300 - 41,873 41,706 |
|---|---|
| 117,896 5,210 - 123,106 113,294 |
|
| 5,095 - - 5,095 3,636 116,555 2,284 - 118,839 102,368 3,143 394 - 3,537 2,899 2,386 6,465 - 8,851 9,146 |
|
| 127,179 9,143 - 136,322 118,049 |
|
| (9,283) (3,933) - (13,216) (4,755) 16,862 - 2,852 19,714 74,660 |
|
| 7,579 (3,933) 2,852 6,498 69,905 815,345 50,873 124,623 990,841 920,936 |
|
| 822,924 46,940 127,475 997,339 990,841 |
When planning activities, the PCC has considered the Charity Commission's guidance on public benefit, in particular the specific guidance on charities for the advancement of religion.
4
Balance Sheet as at 31 December 2024
| Note FIXED ASSETS Tangible fixed assets 5 Investments 6 CURRENT ASSETS Debtors 7 Deposits (at Central Board of Finance) Cash and bank balances LIABILITIES: amounts falling due within one year 8 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted - General - Designated - Total 10a Restricted 10b Endowment 10c |
£ 17,036 881,057 |
2024 £ 898,093 101,620 (2,374) 99,246 997,339 765,966 56,958 822,924 46,940 127,475 997,339 |
2023 £ 23,501 861.342 |
|---|---|---|---|
6,552 57,231 37,837 |
884,843 5,248 52,657 48,959 |
||
106,864 (866) |
|||
105,998 |
|||
990,841 |
|||
764,163 51,182 |
|||
815,345 50,873 124,623 |
|||
990,841 |
Approved by the Parochial Church Council on 27 March 2025 and signed on its behalf by:
The Reverend Robert Thompson (Chairman)
The notes on pages 5 to 11 form part of these accounts.
5
Notes to the accounts
1) Accounting policies
The financial statements have been prepared in accordance with the Church Accounting Regulations as amended by the Church Accounting (Amendment) Regulations 2006 together with applicable accounting standards and the Charities SORP.
The financial statements have been prepared under the historical cost convention except for the valuation of fixed asset investments, which are shown at market value.
General funds represent the funds of the Parochial Church Council (“PCC”) that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by fête, garden party and similar events are accounted for gross.
The diocesan parish share is accounted for when paid.
Rental income from the letting of church premises is recognised when the rental is due.
Interest entitlements are accounted for as they accrue.
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2)(a) of the Charities Act 2011.
Movable church furnishings held by the Team Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's Inventory which can be inspected by arrangement with the Churchwardens. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items costing more than £500 acquired since 1 January 2000 are capitalised and depreciated in the accounts over their anticipated useful economic life. The cost of the organ and other items are depreciated over ten years.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £500 or on the repair of movable church furnishings acquired before 1 January 2000 is written off. Individual items of equipment with a purchase price of less than £500 are written off when the asset is acquired.
Amounts owing to the PCC as at 31 December in respect of tax reclaimable under Gift Aid, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or with the Diocese.
Investments are valued at market value as at 31 December.
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments as at 31 December.
6
Notes to the accounts continued
2) Incoming resources
| 2a Resources from donos: Planned giving (BACS and envelope scheme) Collections Donations (including occasional envelopes) Tax reclaimed 2bOther voluntary income: Fundraising Legacies Other 2cTrading income: Fees 2dInvestment income: Dividends and interest Rent from Church Hall Total incoming resources |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 31,204 - 31,204 - 31,204 30,891 11,993 - 11,993 - 11,993 10,260 18,653 - 18,653 1,010 19,663 13,871 11,681 - 11,681 - 11,681 9,151 |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 31,204 - 31,204 - 31,204 30,891 11,993 - 11,993 - 11,993 10,260 18,653 - 18,653 1,010 19,663 13,871 11,681 - 11,681 - 11,681 9,151 |
|---|---|---|
| 73,531 - 73,531 |
1,010 74,541 64,173 |
|
| 4,059 - 4,059 - - - 346 - 346 |
900 4,959 4,942 - - - - 346 - |
|
| 4,405 - 4,405 |
900 5,305 4,942 |
|
| 1,387 - 1,387 |
- 1,387 2,473 |
|
| 1,387 - 1,387 |
- 1,387 2,473 |
|
| 22,133 6 22,139 - 16,434 16,434 |
3,300 25,439 25,828 - 16,434 15,878 |
|
| 22,133 16,439 38,573 |
3,300 41,873 41,706 |
|
| 101,456 16,440 117,896 |
5,210 123,106 113,294 |
Dividends earned by the repair fund (£3,300) are restricted for use in maintaining and running the church and are therefore included in restricted funds above.
The PCC has a policy that legacies, unless otherwise restricted by the testator, are held in a designated fund and used for significant projects. No legacies were received in the year (2023: nil).
7
Notes to the accounts continued
3) Resources used
| Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 3a Charitable giving 5,095 - 5,095 - 5,095 3,636 5,095 - 5,095 - 5,095 3,636 3b Work of the church: Parish Share 69,332 - 69,332 - 69,332 70,047 Clergy and training expenses 2,522 - 2,522 - 2,522 1,986 Church running expenses (including minor repairs) 27,269 - 27,269 - 27,269 11,679 Upkeep of services 1,166 - 1,166 1,024 2,190 3,832 Churchyard and Memorial Garden - - - 1,260 1,260 130 Church Hall running costs - 10,664 10,664 - 10,664 9,829 Website & publicity 338 - 338 - 338 816 Salaries and fees 5,264 - 5,264 - 5,264 4,049 105,891 10,664 116,555 2,284 118,839 102,368 3c Fundraising and trading costs: Fundraising 3,143 - 3,143 394 3,537 2,899 Magazine - - - - - - 3,143 - 3,143 394 3,537 2,899 3d Management and Administration: Admin costs 2,386 - 2,386 - 2,386 2,532 Depreciation - - - 6,465 6,465 6,614 2,386 - 2,386 6,465 8,851 9,146 Total outgoing resources 116,515 10,664 127,179 9,143 136,322 118,049* |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 5,095 - 5,095 - 5,095 3,636 |
Unrestricted funds Restricted funds Total funds Total funds General Designated Total Total 2024 2023 £ £ £ £ £ £ 5,095 - 5,095 - 5,095 3,636 |
|---|---|---|
| 5,095 - 5,095 |
- 5,095 3,636 |
|
| 69,332 - 69,332 2,522 - 2,522 27,269 - 27,269 1,166 - 1,166 - - - - 10,664 10,664 338 - 338 5,264 - 5,264 |
- 69,332 70,047 - 2,522 1,986 - 27,269 11,679 1,024 2,190 3,832 1,260 1,260 130 - 10,664 9,829 - 338 816 - 5,264 4,049 |
|
| 105,891 10,664 116,555 |
2,284 118,839 102,368 |
|
3,143 - 3,143 - - - |
394 3,537 2,899 - - - |
|
| 3,143 - 3,143 |
394 3,537 2,899 |
|
| - 2,386 2,532 6,465 6,465 6,614 |
||
| 2,386 - 2,386 |
6,465 8,851 9,146 |
|
| 116,515 10,664 127,179 |
9,143 136,322 118,049 |
- The church running costs for 2024 include the cost of reredos cleaning (£7,651).
8
Notes to the accounts continued
4) Staff costs and members' interests
During 2024, the PCC employed Mr W Sarjeant as organist who was paid £2,560 for services (£2,260 in 2023). There were no payments in respect of National Insurance or pensions.
Any payments to Trustees (members of the PCC) were for the reimbursement of expenses only, supported by receipts.
5) Tangible fixed assets
| Cost b/f Additions Cost c/f Depreciation b/f Charge for the year Depreciation c/f NBV 1 January 2023 NBV 31 December 2024 |
Lighting System Organ & furniture Hall furniture & equipment Audio-visual equipment Total £ £ £ £ £ 30,287 83,474 5,176 10,499 129,436 - - - - - 30,287 83,474 5,176 10,499 129,436 (15,145) (82,137) (5,176) (3,477) (105,935) (3,028) (1,337) - (2,100) (6,465) (18,173) (83,474) (5,176) (5,577) (112,400) 15,142 1,337 - 7,022 23,501 12,114 - - 4,922 17,036 |
|---|---|
The organ was bought with a grant from The Friends of St Leonards in 2003 and is held in a restricted fund. Various items of furniture have been bought since with money donated specifically for the purpose. Depreciation, which represents 10% of the cost of each item, is charged against this fund. Audio-visual equipment is depreciated over 5 years.
6) Investments
| Units Endowment funds: Holy Trinity with Christ Church Repair Fund 3,929 Expendable endowment funds: Bengeo Holy Trinity Church Hall 1,584 Unrestricted funds: PCC account 1,962 Proceeds from sale of Cowper Crescent 30,628.54 |
Market Value 2024 Market Value 2023 £ £ 90,849 88,816 36,626 35,807 127,475 124,623 45,367 44,352 708,215 692,367 753,582 736,719 881,057 861,342 |
|---|---|
9
The investments are part of the CBF Church of England Investment Fund. This Fund aims to provide a longterm total return comprising growth in capital and income. The Fund is an actively managed, diversified portfolio of assets designed to help protect both present and future beneficiaries from the effects of inflation. It has an emphasis on equities but also includes property, bonds and other asset classes. The Fund is managed in accordance with the policies of the Church of England’s Ethical Investment Advisory Group.
In 2024, the Fund has provided an investment income of £23,910 (2023: £23,544). Market values of these investment has been volatile over recent years. In 2024 there was an investment gain of £19,714. This compares with a gain of £74,660 in 2023, a loss of £106,746 in 2022 and a gain of £114,830 in 2021. The PCC continually reviews its investment portfolio recognising that there will be market fluctuations. The investments are held for the long term.
7) Debtors
| Gift Aid amounts due from HMRC Deferred income |
2024 2023 £ £ 4,630 3,860 1,922 1,388 |
|---|---|
| 6,552 5,248 |
8) Liabilities: amounts falling due within one year
| Creditors | 2024 2023 £ £ 2,374 866 |
|---|---|
| 2,374 866 |
9) Analysis of assets and liabilities by fund
| Fixed assets: Investments (note 6) Tangible fixed assets (note 5) Current assets: Debtors (note 7) CBF deposits Cash and bank Creditors (note 8) |
Unrestricted funds Restricted funds Endowment funds Total Funds Total Funds General £ Hall £ Legacy £ £ £ 2024 £ 2023 £ 753,582 - - - 127,475 881,057 861,342 - - - 17,036 - 17,036 23,501 6,552 - - - - 6,552 5,248 33,319 5,610 117 18,185 - 57,231 52,657 (25,113) 19,996 31,235 11,719 - 37,837 48,959 (2,374) - - - - (2,374) (866) |
|---|---|
| 765,966 25,606 31,352 46,940 127,475 997,339 990,841 |
10
Notes to the accounts continued
10) Fund details
| a) Unrestricted funds: General fund Designated: Legacy fund Hall fund b) Restricted funds: Lighting system fixed assets fund Organ & furniture fixed assets fund Audio-visual fixed assets fund Bereavement café Roof & fabric fund Holy Trinity with Christ Church Repair Memorial Garden Flower fund c) Endowment funds: CBF units (note 6) |
Brought forward £ Net increase / (decrease) before unrealised gains/(losses) £ Unrealised gains / (losses) £ Transfers £ Carried forward £ 764,163 (15,059) 16,862 - 765,966 31,346 6 - - 31,352 19,836 5,770 - - 25,606 |
|---|---|
| 815,345 (9,283) 16,862 - 822,924 |
|
| 15,142 (3,028) - - 12,114 1,337 (1,337) - - - 7,022 (2,100) - - 4,922 423 506 - 929 3,061 - - - 3,061 15,096 3,300 - - 18,396 7,926 (1,010) - - 6,916 866 (264) - - 602 |
|
| 50,873 (3,933) - - 46,940 |
|
| 124,623 - 2,852 - 127,475 |
|
| 990,841 (13,216) 19,714 - 997,333 |
11) Related party transactions
There were no related party transactions during the year (2023: none).
11