Charlty Registration No. 1138072 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 lalwimborne Minster www.wimborneminster.org.uk I HILLOSBORNE CHARTERED ACCQVNTANTS & BUSINESS ADVISERS
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER LEGAL AND ADMINISTRATIVE INFORMATION Charity Trustees The Reverend Canon Andrew J W Rowland The Reverend Heather Waldsax Mrs Deirdre F Ashton Mr Peter Cook Mr Andrew Patrick Mr Bruce Jensen Mr Richard Knott Mrs Jane Davidson MrsAnne King Mrs Sarah Steele Mrs Alison Francis Mrs Minna Harvey Mrs Heather Davey MrAndrew Kelley Mr Dennis Child Dr John Waldsax Mr Oavid Allen Mrs Angela Mullens (Appointed 25 April 2024) Charity number 1138072 Independent examiner Hill Osborne Tower House Parkstone Road Poole BH15 2JH
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the fi'nancial stat8m8nts 8-25
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Preamble In line with the requirements of Church Accounting Regulations {2006) together with accounting standards and the Charities SORP applicable to Parochial Church Councils within the Church of England, the financial activities of the Wimborne Minster PCC are presented in this document for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC'S governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}" (effective 1 January 20191. The chartty trustees who served during the year and up to the date of signature of the financial statements were.. The Reverend Canon Andrew J W Rowland The Reverend Suzie Allen Th8 Reverend Heather Waldsax lex officio) Mr Peter Cook (Churchwarden) Mr Bruce Jensen (Churchwardenl Mr Andrew Patrick (Deputy Church Warden) Mr Richard Knott (Honorary Treasurer and D&puty Church Warden) Mrs Jane Davidson (Safeguarding Officer) Mrs Deirdre FAshton (Deputy Safeguarding Officer) Mrs Sheila Soper MrsAnne King Mrs Leonie Thurlow Mrs Sarah Steele MrsAlison Francis Mrs Heather Davey Mrs Minna Harvey Mr Dennis Child MrAndrew Kelley Dr John Waldsax Mr David Allen Mrs Angela Mullens until April 2024 Churchwarden until April 2024 Churchwarden from April 2024 until April 2024 until April 2024 frotn April 2024 Honorary Secretary Mrs Beatri Dopita {until April 2024} - Vacant Ele¢troral Roll Officer Mrs Ruth Marshall Independent Examiner Hill Osborne Chartered Accountants Tower House Parkstone Road Poole Dorset BH152JH Objectives and actlvltles The charity trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Activities of the Council The activities of the Parochial Church Council are outlined in the Reports presented for The Annual Parochial Church Meeting Booklet. This can be viewed or downloaded from the website www.wimborneminster.org.uk. Achlevements and perforniance The Minster was generally open from 10am - 4pm Monday to Saturday. Th8 pattern of worship of four seNices on Sunday18'.00, 9-.00, 11'.15am and 6.'30pm) and a mid-week service (11.'OOam) together with many special worship services has attracted new worshippers. Sunday worship al 9.'30am (and certain occasional services) have been broadcast online via YouTube, with an average of 35 households attending live and further views thereafter. Events and special seasonal services took place together with Occasional OffiGe5 (Baptisms, Weddings and Funerals). We were particularly encouraged by large attendances at seasonal services, and the many concerts Occasional Offices and events. We were able to fund substantial work with young chorister5 and outreach ministries to families. Electoral Roll.. The number of persons on the electoral roll as 31 December 2024 was 331 Attendance at major services increased compared lo 2023.. Easter Day 418 Advent C8ro5 Servic8 251 Christmas Carol Servic8 382 Crib Service 290 Christmas Eve, Evening 319 Christmas Day ServiGe5 282 Financial review The charity trustees have ass8SS8d the major risks to which the PCC is exposed, and are 5alisfied that systems are in place to mitigate exposure to the major risks. Structurej governance and manag8ment Constitution of th8 Councll The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC was registered with the Charity Commission with effect from February 2010. Role of the Council The PCC have considered the Charity Commission's guidance on public benefit and the advancement of religion. The PCC co-operates with the Rector in promoting in the parish the whole mission of the Church, pasbral, evangelistic. social and ecumenical. The PCC sees the Minsterfs mission as witnessing steadfastly to the Christian faith and proclaiming the gospel through prayer and preaching, through service lo the community of Wimborne and to visitors lo the town, through service to those in need beyond the town of Wimborne and through careful stewardship of the Minster's heritage of excellence in Its worship and in its fabrio The Minster also contributes to the spiritual and rnusical education of young people in the lacal area by inviting them to take part in the Choir, Experience Eas18r in the Minster and through Open the Book.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Appointment, induction and training of trustees of the Council The trustees of the PCC are elected in accordance with the Church Representation Rules. Two trustees may be co-opted for a period of one year. Members of the clergy and churchwardens are ex-officio trustees of the PCC and all committees. Help and f8miliarisation is available through discussions with the Rector and Churchwardens, and the Treasurer provides training in understanding PCC accounts where necessary. Organlsatlon of the Council In order to discharge its duties, th8 PCC appoints a number of committees which me8t on a regular basis. It also employs staff to carry out various functions. The PCC generally meets 6 times per year. The main PCC committees are.. Standing and Fabric. Further committees meet as necessary., Minster Environment Group, Fundraising and Events, Worship and Music, Outreach and Minster Green Charities Fair. The PCC is repr888nled by 5 members at Deanery Synod and 1 member at Diocesan Synod. The PCC takes this opportunity lo thank the employees of the Minster for the fine manner in which they perfom) their dutles throughout the year in support of the Minster's aims, to witness to Jesus Christ and aayS provide a warm and welcoming environment at the Minster. Risk Management The PCC has considered and assessed the major risks to which they may be exposed and are satisfied that measures are in place to deal with major risks should they occur. There is regular communication with the Minsterfs insurers, other Major Churches and the local authority on this subject. Action has been taken on matters of security in light of the worldwide activity against faith groups. An annual risk review is carried OLrt as part of the insurance renewal process and specific Risk Assessment reviews are carried out before new enterprise starts. The trustees, report was presented to the Parochial Church Council for their approval. The Reverend Canon Andrew J W Rowland Trustee Dated..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER I report to the charity Iru51ee5 on my examination of the financial statements of The ParoGhial Church Council of The Ecclesiastical Parish of Sl Cuthburga, Wimborne Minster (the PCC) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the PCC you are responsible for the pparatIOn of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the PCC'S financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Ad. Independent examlner's statement Since the PCC'S gross income exceeded £250,000 your examin8r 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 m8mb8r of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that th8 charity has prepared financial statements in ac¢ord8tKe with Accounting and Reporting by Charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir81and IFRS 102} in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now b8en withdrawn. l understand that this has been done in order for financial stslements to provide a true and farr view in accordan with Generally Accepted Accounting Practi effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the PCC as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. q'(7 WJ L.Ball FCA Hill Osborne Chartered Accountants Tower House Parkstone Road Poole BH15 2JH
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Current flnanclal year Unrestricted Unrestricted Restricted Endoyrfment funds funds fund8 funds general deslgnated 2024 2024 Total Total 2024 2024 2024 2023 Notes Income and endowments from.. volun.tary income Charitable activities Activities for generaling funds Church activities 211,705.84 115,936.45 327,642.294394,794.32 900.00 44,426.56 8.346.15 5.413.09 9,246.151 5,648.51 50,599.65 1 54,198.32 760.00 Investments Other income 14,921.94 2,757.83 14,921.94 p 12,804.63 3,301.93 3,257.85 544.10 Total income and endowments 274.712.17 14,303.34 116,696.45 405,711.96 470,703.63 Expenditure on: Raising funds Church activities 592.60 244,238.92 17,576.08 137,113.56 592.60 729.84 398.928.56 467,418.14 Total expenditure 244,831.52 17.576.08 137,113.56 399,521.16 468,147.98 Net gains on investments 13 8,880.98 2,570.41 9,451.39 28,522.38 Net incomellexpendlture) 29,880.65 {3,272.74) (13,536.13) 2,570.41 15,642.19 31,078.03 Transfers between funds 500.00 (500.00) Net movement In funds 30,380.65 (3,272.741 (14,036.13) 2,570.41 15,642.19 31,078.03 Reconciliation of funds., Fund balances at 1 January 2024 141,991.44 19,841.85 461,367.79 23,408.94 646,610.02 615,531.99 Fund balances at 31 Decembgr 2024 172,372.09 16,569.11 447,331.66 25,979.35 662,252.21 646,610.02 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities,
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prior flnanclal year Unrestricted Unrestricted funds funds general deslgnated 2023 2023 Restrlcted Endowment funds funds Total 2023 2023 2023 Notes Income and endowments from: Voluntary income Charitable activities Activities for generating funds Church activitles Investments Other income 209,433.19 17,190.00 168,171.13 394,794.32 1,080.00 54,198.32 12,638.42 3,217.85 4,568.51 5,648.51 54,198.32 12,804.63 3,257.85 166.21 40.00 Total income and endowrnent5 280,567.78 21.798.51 168,171.13 166.21 470,703.63 Expenditure on: Raising funds Church aclivities 729.84 250,737.41 729.84 467,418.14 38,801.45 177,879.28 Total expenditure 251,467.25 38,801.45 177,879.28 468,147.98 Net gains on investments 13 27,995.30 527.08 28.522.38 Net Incomel{expendlture) 29,100.53 {17.002.94) 18,287.15 893.29 31,078.03 Transfers between funds 870.00 9.298.73 (10,000.52) 1166.21) Net movement in funds 29,970.53 (7,706.21> 8,286.83 527.08 31,078.03 Recon¢lllatlon of funds: Fund balances at 1 January 2023 112,020.91 27,548.06 453,081.16 22,881.88 615,531.99 Fund balances at 31 Decernber 2023 141,991.44 19.841.85 461,367.79 23,408.94 646.610.02
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investments 15 16 12,657.58 336,580.94 14,891.27 327,829.55 349,238.52 342,520.82 Current assets Debtors Cash at bank and in hand 17 13,470.89 336.999.55 53,095.64 306,947.93 350,470.44 360,043.57 Credltors.. amounts falling du8 Within one year 18 37,456.75 55,954.37 Net current assets 313,013.69 304,089.20 Total assets less current liabilltles 662,252.21 646,610.02 The funds of the PCC Endowment funds Restricted income funds Unrestricted funds- g8neral Unrestrlcted funds - designated 19 21 25,979.35 447,331.6S 172,372.09 16,589.11 23,408.94 461,367.79 141,991.44 19,841.85 20 662,252.21 646,610.02 The fi ncial statements were approved by the Parochi&l Church Council on .ayl.oW. ..2o.zC The everend Canon Andrew J W Rowland Trustee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charity information The Pafochial Church Council of The Ecclesiastical Parish of St Cuthburga, Wimbome Minster is a registered charity which operates under the Parochial Church Council Powers Measure. 1.1 Accountlng convention The financial statements have been prepared in accordance with the PCC'S goveming document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102-) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applic4ble in the UK and Republic of Ireland {FRS 1021" {effective 1 January 20191. The PCC 15 a Public Benefft Entity as defined by FRS 102. The PCC has tak8n advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulalions but which has since been withdrawn. The financial statements are prepared in slerling, which is the functional currency of the PCC. The financial statements have been prepared under the historical cost convention except for investment assets which are shown at market value. The fi'nancial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include funds of church groups that owe an affiliation to another body nor those that are informal gatherings of church members. 1.2 Going concern At the time of approving the financial statements, the charity trustees have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the charity trustees continu8 to adopt the going concern basis of accounting in preparlng the financial statements. 1.3 Charltable funds Unrestricted funds are general funds which can be used for PCC ordinary purposes. The purpose of any restricted funds is noted in the accounts Any balance unspent at the end of the year must be carried fOard as a balance on that fund. Endowment funds are subject to specific conditions, the capital of which must be maintained by the PCC. Only income arising from investrnent of the endowment may be used as either restricted or unreslrict&J funds depending upon the purpose for which th8 endowrnent was established. 1.4 Incoming resources Voluntary income and capital sources Income is recognised when the PCC is legally entitled to il after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the PCC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gifl Aid or deeds of covenant is recognised at the time of the donation.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued} Legacies are recognised on receipt or otherwise if the PCC has been notified of an impending distri bution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Other ordinary income Rental income from Church House is accounted for by r8ference to lelting dale. Fees due are accounted for on an event by event basis. Car park rent is recognised on an accruals basis. 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct Gosts atlribulable 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 single activity are apportion8d between those activittes on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of th8 ass8t's use. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or construdive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricled funds. All other expenditure is generally recognis8d when it is incurred and accounted for gross. The PCC operates a defined contribution pension scheme and contributions are charged against income on an accruals basis for the year in which they are payable to the scheme. 1.6 Tangible fixed assets Consecrated property and moveable church furnishings Consecrated and beneficed property is excluded from the accounts by s.10121(cl of the Charities Act 2011. Moveable church furnishing5 held by the Rector and churchwardens on special trust for the PCC, and whlch require a faculty for disposal, are accounted for as inalienable property unle55 consecrated. They are listed in the Church's inventory which can be inspected. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired after 1 st January 2001 are capitali5ed and depreciated in the ac¢ounts over their anticipated useful econornic life. All expenditure incurred in the year on consecrated or beneficed building5, individual items under £750 or on the repair of mDveable church furnishing5 acquired before 1st January 2001 is written off. other fixtures, fittings and equipment Equipment not considered lo be inalienable property is capitalised and depreciated on a 15% reducing balance basis per annum. Generally, items less than £750 are written off in the period of acquisition. The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activit188.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Contlnued) 1.7 Flxed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured al fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impalrmenl of fixed assets At each reporting end date, the PCC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impainnent loss. If any such indication exists, the recoverable amount of the assel is estimated in order to determine the extent of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investm8nts with original maturities of three months or less. 1.10 Flnanclal Instruments The PCC has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the PCC'S balanc8 sheet when the PCC becomes party to Ihe contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the r&cognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pric8 including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement Consts'tutes a financing transaction, where the transaction is m8asured at the present value of the future receipts dlscounted al a market rate of interest. Financial assets classified as re1vable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured St the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or Se1C8S that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities if payment is du8 Within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inltially al transaction price and subsequently measured at amortised cost using the effective interest m8thod. Derecognltlon of flnancial liabilities Financial liabilities are derecognised when the PCC'S contractual obligations expire or are discharg&d or cancelled. 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal accounting estimates and Judgements In the application of the PCC'S accounting policies, the charity trustees are required lo make judgemenls, estimates and assumptions about the carrying amount of assets and liabilities that are not r8adily apparent from other sources. The estimates and associated assumptions are based on historlcal experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the p8riod in which the estimate is revised where the revision affects oily that period, or in the period of the revislon and future periods where th8 revision affects both current and future periods. 11
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestrlcted Endovmient funds funds 2024 2024 Total Unr8Strlcted Endovmient funds funds 2023 2023 Total 2024 2023 CBF CE Deposit Fund interest pcc 8 Minster Wiew Other trusts 7,687.40 7,234.54 7,687.40 7,234.54 5,775.93 6,862.49 5,775.93 6,862.49 166.21 166.21 14,921.94 14,921.94 12,638.42 166.21 12,804.63 Other income Unrestricted Unrestricted funds funds general designated 2024 2024 Total Unrestricted Unrestricted funds funds general designated 2023 2023 Total 2024 2023 MislIaneouS income Rural Dean allowance Flower Festival 722.83 2,035.00 722.83 2,035.00 544.10 997.85 2,220.00 997.85 2,220.00 40.00 544.10 40.00 2,757.83 544.10 3,301.93 3,217.85 40.00 3,257.85 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 stewardship and cost of appeals Other fundraising costs 592.60 729.84 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable actlvltles Church activlties 2024 Church actlvlties 2023 Direct costs Missionary and planned charitable giving Diocesan parish share Clergy expenses Salaries and expenses {see note 9) Heat, light and insurance Minor fabric, repairs and maintenance Service expenses Depreciation of equipment Church House expenses (note 12) Major fabric Telephone Postage, stationery and photocopying Advertising Computer and office equipment Bank charges Sundries Repairs Professional Independent examiners fee Subscriptions, gifts and licences Family worker resources 1,491.22 119,872.00 1,105.79 116,973.67 31,595.83 29,714.03 16.456.16 2,233.69 14,812.54 11,651.59 2,572.11 10,040.82 1,787.00 110,992.18 3,457.94 107,928.91 54,319.05 43,788.81 15,275.28 2,627.87 11.394.73 68.653.21 2,998.31 12,354.30 82.80 3,712.44 785.00 7,882.10 4.121.03 1,016.70 7,162.61 78.00 11,841.57 3,630.00 2,290.43 10,268.77 11,918.12 2,994.00 2,883.08 5,763.80 398,928.56 469,596.93 Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds 244,238.92 17,576.08 137,113.56 250,737.41 38,801.45 177,879.28 398.928.56 467,418.14 Staff costs 2024 2023 Salaries and National Insurance contributions Staff and choir expenses Pension contributions 103,724.09 8,819.67 4,429.91 96,341.75 7,873.73 3,713.43 116,973.67 107,928.91 16-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Charity Trustees The PCC employed Vergers on a job share basis, Organist & Director of the Choirs, Parish Secretary, AdminislratlV8 Assistant, Financial Administrator and Families Worker. One trustee was paid remuneration as a deputy organist, the total paid lo the trustee was £551 {2023.- £1,156), One Iruslee received remuneration as a relief verger of £75 (2023.. £2051. There were no other disclosable transactions in respect of PCC members, persons connected with them or related parties. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 6.00 6.00 To comply with the Pensions Act 2008. the PCC fomialised the Staff Pension Scheme using NEST (National Employment Savings Trust) as th8ir workplace pension scheme. There were no employees whose annual remun8ration was more than £60.000. 12 Church House expenses 2024 2023 Healing and lighting Cleaning and laundry Water rates Repairs, maintenance, replacement equipment and furnishings Miscellaneous 7,486.30 3,654.93 190.09 2,874.49 606.73 6,174.97 3,483.80 395.38 955.25 385.33 14,812.54 11,394.73 13 Gains and losses on Investments Restricted Endowment funds fu nds 2024 2024 Total Restrlcted Endowment funds funds 2023 2023 Total 2024 2023 Gainsl(losses) arising on.. Revaluation of investments 6,880.98 2,670.41 9,451.39 27,995.30 527.08 28,522.38 Reallsed gains and losses are recognised when investments are sold. Unrealised gains and losses are accounted for on revaluation of investments at 31st December. 14 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Tangible fixed assets Equlpment Cost At 1 January 2024 68,860.08 At 31 December 2024 68,860.08 D8preciation and Impaimient At 1 January 2024 Depreciation charged in the year 53,968.81 2,233.69 Al 31 Decernber 2024 58,202.50 Carrying amount Al 31 December 2024 12,657.58 At 31 December 2023 14,891.27 Fixed assets are capitalised in accordance with the accounting policy explained in note 1 An adjustment to reserves at 1 January 1996 of £9,850 was made on adoption of the policy to capitalise equiprnent not considered to be inalienable property, being the estimated value of such equipment at that date. 18-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Fixed asset investments Investments Cost or valuation At 1 January 2024 Valuation changes Disposals 327,629,55 9.451.39 1500.00} At 31 December 2024 336,580.94 Carrying amount Al 31 December 2024 336.580.94 At 31 December 2023 327,629.55 2024 2023 Investments compris8'. Restrlcted funds Wimborne Minster Church Fund 11,347 CBF CE Investment Fund Income Units at market value 53,796.95 258,804,64 53,162.31 251,058.30 310,601.59 304,220.61 Endowment funds Mallock Wimborne Minster Church Fund The Minster Churchyard Fund 6,220.01 18,945.79 813.55 6.080.83 16,514.56 813.55 25,979.35 23,408.94 336,580.94 327,829.55 In the late 1980s Salisbury Diocese purchased the Curate's residence th8n at 8 Minster View for an agreed sum of £87,000,- £35,000 was used to purchase 7,599 CBF Investment Fund units and £35,000 was invested in the CBF Deposit Fund. In 1995 £25,000 was transf8rr8d to purchase a further 3,748 IF units giving an historic cost of £60,000 for 11,347 compared with the market value quoted above. The terms of the endowment funds permit the PCC to use income from the investm8nts as unrestricted funds whilst the capital cannot be taken to income. 19-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Debtors 2024 2023 Amounts falling due wlthln one year: Sundry debtors Gift aid recoverable Prepayments and accrued income 9,969.89 33,714.69 1,477.95 17,963.00 3,501.00 13,470.89 53,095.64 18 Credltors.. amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accrua15 and deferred income 2,908.91 1,258.11 3,495.73 29,794.00 957.38 12,509.53 6,603.46 35.884.00 37,456.75 55,954.37 19 Endowment funds Endowment fund5 represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with th8 objects of the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. At 1 January 2024 Incomlng resources Transfers Gains and losses At31 December 2024 Permanent endowments 23.408.94 2,570.41 25,979.35 Previous year: At 1 January 2023 Incoming resources Transfers Galns and losses At31 December 2023 Permanent endowments 22,881.86 166.21 (166.21) 527.08 23,408.94 -20-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Unrestricted funds - designated At 1 January 2024 Incorning reSoue$ Resources expended Transfers At31 December 2024 2,849.90 2,849.90 584.10 (318.97) Flower FestFval 2025 Church House and Aspects Lighting Fa(xJlty Dacombe navelchildren's fund Shop fund Heating project Grand Plan D88ignated flower fund 40.00 544.10 (318.97) 6,911.98 5,996.04 3,893.83 3.000.00 (6,911.98) (1,000.00) 4,996.04 7,579.09 2,000.00 12,929.59} 1,808.54 8,346.15 {4,660.89) (1.000.001 8.911.98 (11,841.57} (3,604.55) 5,413.09 19,841.85 14,303.34 (17,576.081 16,569.11 Prevlous year: At 1 January 2023 Incomlng resources Resources expended Transfers At31 December 2023 Flower Festival 2025 Church House and Aspects Lighting Faculty Dacombe navelchildr8n's fund Shop fund Heating project Grand Plan 40.00 40.00 564.39 12,361.98 5.996.04 3.625.65 (564.39) 17,190.00 {22,640.00) 6,911.98 5,996.04 3,893.83 3,000.00 4,568.51 {4.300.33} 3.000.00 (14,861.12) 5,000.00 9,861.12 27,548.06 21,798.51 (38,801.45) 9,296.73 19,841.85 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restricted funds The restrlcted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming Resources resources exp8nded Transfers Gains and losses At31 December 2024 Fixed assets Church Estates Heat & Light Pilgrimage Walk Signag8 preseatron Trust Warrey Trust for horneless Governors flower fund Church Estates Education Trust Bames Trust for Music Training Library Children & young people Quinquennial report Verger Fund Family worker Churchyard fund Bellringers membership5 Investment fund Wimborne Minster Church Fund Church fund CCLA Butcher fund 8,697.53 (1,304.63) 7,392.90 4,181.72 25,000.00 (24,453.84) 4,727.88 2,134.60 (250.00) 1,884.60 20,138.88 2.000.00 22,138.88 1,767.10 {602.00) 1,165.10 3,706.27 1,140.00 9,384.00 12,018.06 (3.000.00} 19,384.00) (10,268.77) 1,846.27 13,028.39 14,777.68 6,350.00 1,198.00 5,228.49 22,013.10 (24,373.00) 3,990.10 1,198.00 8,012.38 3,143.89 {360.00) 2.829.86 300.00 (40.731 3,089.13 21,810.91 6,496.70 57,578.73 187.40 31,250.00 9,500.00 21,998.31 2,039.18 39,745.36 135,707.52> {27,333.37) (35.70) (35.70) 760.00 760.00 256,804.64 251,058.30 5,746.34 53,162.31 (500.00) 1,134.64 53,796.95 1,000.00 1,000.00 1.000.00 1,000.00 461,367.79 116,696.45 (137,113.56) (500.00} 6.880.98 447,331.68 22-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restrlcted funds (Contlnued Prevlous year.. At 1 January 2023 Incoming resources Resources expended Transfers Galns and losses At31 December 2023 Fixed assets Church Estates Heat & Light Pilgrimage Walk Signage Preservation Trust Warrey Trust for homeless Governors flower fund Church Estates Education Trust Barnes Trust for Music Training Library Children & young people Quinquennial report Verger Fund Family worker Church Fund CCLA Butcher Fund 8 Minster View Investment Fund Wimborne Minster Church Fund Butcher Fund Libety Global Shares 8 Minsler View Investment Fund Wimborne Minsler Church Fund Lunch & chat 10,232.39 (1,534.86> 8,697.53 10,397.61 40,000.00 (46,215.89) 4,181.72 2,556.03 1421.43) 2,134.60 30.000.00 (9,861.12} 20,138.88 2,500.00 (732.90) 1,767.10 2,598.18 232.00 999.85 1.108.09 3,706.27 (92.60) (3,585.01 } {139.40) 15,613.55 13.028.39 2,839.30 1,708.00 4,553.85 30,350.00 {26,839.30) 1510.00> {2,271.00) 6.350.00 1,198.00 5,228.49 2,945.64 2,529.86 300.00 2,829.86 15,264.56 7.000.00 81,444.22 45,403.85 32,450.00 (38,857.501 (32,953.30) (23,865.49) 21.810.91 6,496.70 57,578.73 1,000.00 1,000.00 1,000.00 1,000.00 229.296.88 21,761.42 251.058.30 46,928.43 1.000.00 6,233.88 53.162.31 1,000.00 230.45 (230.45) 259,736.67 (30,439.79) 229,296.88 51,368.12 117.30 1,570.78 16,010.47) 46,928.43 (117.301 453,081.16 168,171.13 (177,879.28) (10,000.52) 27,995.30 461,367.79 23-
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBURGA, WIMBORNE MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Reserves policy The PCC'S policy is to maintain sufficient reseryes to enable th8 council's continued operation In the event of th.e temporary loss of use of the Minster for any reason. With particular referenc@ to potential costs of maintaining the fabric of the Minster, the Council considers that the reserves are adequate but not exc8SSiV8. 24 Related party transactions i) Govemors of Wmborne Minster ill Wimbome Minster Preservation and Development Trust iiil The Association of Friends of Wimborne Minster iv} Wimborne Minster Church Estate vl Wimbome Educational Trust vi) Wmbome Minster Musical Heritage Trust The above are all individually and separately constituted trusts, registered charities or associations which from time to time provide monies by way of grants to Wimbome Mlnster PCC for specified purposes. As relevant during the year, these amounts are disclosed in note 3 to the accounts. 25 Other activities The following bodies are supported by the PCC but do not form part of the financial statemenls. 2024 2023 Support to Minster Charities MARS Wimborne Foodbank 797.64 638.07 133.71 Other charitable payments Include the followlng: The Joseph Storehouse Trust DEC Ukraine l Ukraine Appeal Holocaust- Vincent Society Yambio & Sudan Medical 645.51 423.86 899.45 7,239.03 1,982.83 -25-