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← The Parochial Church Council Of The Ecclesiastical Parish Of St Peters Church Wolvercote

2024-12-31-accounts

Charity registration number 1138106 (England and Wales)

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

LEGAL AND ADMINISTRATIVE INFORMATION

Parochial Church Council Andrew Clayton William Edwards Christopher Fletcher-Campbell Chantal Gewers Ellen Hudspith Tony Lemon Val Tate The Revd Kate Tuckett The Revd Canon Professor William Whyte Joan Bailes Judy Bastin Michael Daniell Jack Sobey Iain Johnson (from April 2024) Linda Adams (from April 2024) Steve Goddard (from May 2025) Maggie Hamilton (from May 2025) Charity number (England and Wales) 1138106 Independent examiner Gravita Audit Oxford LLP First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Bankers CAF Bank Limited 25 Kings Hill Ave Kings Hill West Malling ME19 4JQ CCLA Investment Management Limited The CBF Church of England Funds 80 Cheapside London EC3V 6DZ

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

CONTENTS

Page
Parochial Church Council report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 17

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The members of the Parochial Church Council submit their annual report and financial statements for the year ended 31 December 2024. The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard for Smaller Entities.

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 charity'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 2019).

Objectives and activities

The PCC has the responsibility of cooperating with the incumbent to promote the whole mission of the Church, pastoral, evangelistic, social and ecumenical, in the ecclesiastical parish. The PCC is also responsible for the dayto-day administration of the assets and church of St Peter’s, Wolvercote.

When planning our activities for 2024 the PCC considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. The PCC is committed to enabling worship and prayer, pastoral care, and mission and outreach.

Achievements and performance

2024 has been a busy and encouraging year for St Peter’s. We are glad to have seen continued attendance recovery after lockdown, and it has been heartening to welcome so many people for special occasions and festivals, including Christmas. We continue to be a very active church, organising and hosting diverse services and events, with a significant pastoral and sacramental ministry throughout the village of Wolvercote, including Baptisms, Weddings and Funerals.

In 2022 the PCC reviewed our mission and vision, agreeing our purpose:

We exist to love God and to share the good news of Jesus Christ. We express this through our gathering in worship, caring for one another, and serving our parish and world.

We also then agreed values of rootedness, inclusivity, creativity and being community-facing , and developed four priorities for our activity: a) to invest in our own worship and spirituality; b) to develop our inclusive compassionate community; c) to work with children and families; d) to become a known centre for community life and to provide loving service to that community.

2024 has been a time to embed our activities into this vision. Alongside existing activities and worship, we have worked on the following areas:

We continue to value our partnerships, working closely with our benefice church of All Saints’ Wytham, and with St Michael’s Summertown and Wolvercote Baptist Church who form our ecumenical partnership. We have also been intentional about building and developing partnerships within the local community, particularly with Wolvercote Primary School.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

PAROCHIAL CHURCH COUNCIL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Our finances are in a state of relative stability due to the generosity of our members and the work of our Treasurer, Fabric and Finance and Stewardship Committees. Like so many voluntary organisations, we are in need of more volunteers to enable our mission and ministry to operate at its full potential.

I am grateful to so many people whose work and ministry gives life to our church. Individuals are too numerous to name but I would like to pay particular tribute to the PCC, Ministry Team, Parish Administrator, Church Wardens and Standing Committee. There is much to celebrate as we move forwards together as Christ’s church here in Wolvercote.

The Revd Liam Cartwright Interim Minister

Financial review

The attached financial statements are for the year ended 31 December 2024. The financial statements show a surplus of £28,874 in General Funds (2023: surplus £9,939).

The PCC was able to meet its full Parish Share set by the Diocese via the Deanery Synod, and is budgeting to do so again in 2025.

Allocation to the Mission Fund for distribution to the church’s chosen charities remained at 10% of unallocated income.

It is PCC policy to try to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments to cover emergency situations that may arise from time to time. Net current assets of £64,606 held on unrestricted funds in the current account, after designations, at the end of the year enabled us to try to achieve this target. There was also £70,212 in the General CCLA investment account.

Structure, governance and management

St Peter’s, Wolvercote Parochial Church Council is a body corporate under the PCC Powers Measure 1956 and Church Representation Rules 2006. On 17 September 2010, the PCC completed the process of registration with the Charity Commission (Registration Number 1138106) to comply with the new requirements introduced by the Charities Act 2006.

The charity is administered by the members of the PCC. Between PCC meetings various sub-committees operating under the overall guidance of the PCC conduct the day-to-day business of the parish.

The members of the PCC hold their position either ex officio or by election. Elected members of the PCC are appointed at the Annual Parochial Church Meeting by a vote of those parishioners whose names are registered on the churches' electoral roll.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

PAROCHIAL CHURCH COUNCIL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The parochial church council who served during the year and up to the date of signature of the financial statements were:

Ex Officio members

Incumbent

Interim Minister Churchwardens

Associate clergy Licensed lay minister Deanery Synod representative and Treasurer

The Revd Kate Tuckett (Maternity Leave August 2024 - August 2025)

The Revd Liam Cartwright (August 2024 - August 2025) Chantal Gewers Edward Wates (until May 2025) The Revd Canon Professor William Whyte Tony Lemon Christopher Fletcher Campbell

Elected members

Joan Bailes Judy Bastin Linda Adams (from April 2024) Andrew Clayton Louise Hasler (from April 2024, until May 2025) Michael Daniell Mary Easton (until April 2024) William Edwards Alessandra Ferrari (until May 2025) Ellen Hudspith Iain Johnson (from April 2024) Caroline Pepys (until April 2024) Stephen Purbrick (until May 2025) Steve Goddard (until April 2024, from May 2025) Jack Sobey Maggie Hamilton (from May 2025)

Co-opted by the PCC, May 2023

Val Tate (Deputy Church Warden)

On appointment, new trustees are given a copy of PCC Accountability: The Charities Act 2011 and PCC (fifth edition), and an opportunity to discuss topics such as the history of the Charity, the purpose of the Charity and its strategic objectives, the donation making process and an introduction to key members of the Charity.

The Parochial Church Council report was approved by the Board of Parochial Church Council.

.............................. Chantal Gewers Trustee Date: .............................................

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

INDEPENDENT EXAMINER'S REPORT

TO THE PAROCHIAL CHURCH COUNCIL OF ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

I report to the parochial church council on my examination of the financial statements of St Peters, Wolvercote Parochial Church Council (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the parochial church council of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Gary Pready FCA Gravita Audit Oxford LLP

First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Date: ............................2/10/2025

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
121,098
-
Other trading activities
4
85,568
-
Investments
5
3,583
1,864
Total income
210,249
1,864
Expenditure on:
Charitable activities
6
181,375
48,190
Total expenditure
181,375
48,190
Net income/(expenditure) and
movement in funds
28,874
(46,326)
Reconciliation of funds:
Fund balances at 1 January
2024
117,321
535,404
Fund balances at 31
December 2024
146,195
489,078		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
121,098
119,408
-
85,568
64,325
-
5,447
2,097
1,091
212,113
185,830
1,091
229,565
175,891
52,926
229,565
175,891
52,926
(17,452)
9,939
(51,835)
652,725
107,382
587,239
635,273
117,321
535,404		 Total
2023
£
119,408
64,325
3,188
186,921
228,817
228,817
(41,896)
694,621
652,725

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

BALANCE SHEET

AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 12 448,697 496,887
Current assets
Debtors 13 1,850 2,381
Cash at bank and in hand 198,681 166,901
200,531 169,282
Creditors: amounts falling due within 14
one year (13,955) (13,444)
Net current assets 186,576 155,838
Total assets less current liabilities 635,273 652,725
The funds of the charity
Restricted income funds 15 489,078 535,404
Unrestricted funds 16 146,195 117,321
635,273 652,725

The financial statements were approved by the parochial church council on ......................... september 2orS

.............................. Chantal Gewers Trustee Trustee

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

St Peter' s, Wolvercote Parochial Church Council is a body corporate under the PCC Powers Measure 1956 and Church Representation Rules 2006. On 17 September 2010, the PCC completed the process of registration with the Charity Commission (Registration Number 1138106).

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken 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 Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the parochial church council have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the parochial church council continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the parochial church council in furtherance of their charitable objectives.

Designated funds comprise unrestricted funds that have been set aside by the Parochial Church Council for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

The Charity utilises the following restricted funds:

Sparsey Place (restricted)

This contains the fixed assets relating to Sparsey Place.

Memorial Fund (restricted)

This comprises restricted funds for use in specific projects or purchases as decided by the donor.

Fabric Fund (restricted)

The Fabric Fund (restricted) contains the fixed assets of the church (with the exception of Sparsey Place) and funds set aside to maintain, enhance or develop the fabric of the church buildings and grounds.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

All income is included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Rental income from the letting of church premises is recognised when the rental is due. Dividends and interest are accounted for when receivable and are received gross.

No amounts are included in the financial statements for services donated by volunteers.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Grants and donations are mainly made for the propagation of the Gospel and to support other church-related organisations both at home and abroad.

The Diocesan Parish Share is accounted for when payable.

1.6 Tangible fixed assets

Land and buildings include the curate’s house at 13 Sparsey Place, which is shown at its original cost to the PCC. No depreciation charge is shown for this asset as the PCC are of the opinion that the residual value at the end of its useful economic life to the PCC will be at least the original cost.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 50 years straight line Fixtures, fittings and equipment 33.33% and 10% straight line Organ 10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the 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 recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable 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 at 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 services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the parochial church council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical 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 period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Covenanted and uncovenanted 98,227 96,632
Legacies receivable 2,192 -
Income tax recoverable 20,424 21,672
Collections (open plate) at services 255 1,104
121,098 119,408

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Advertising & sales 2,834 2,934
Letting: Sparsey Place 17,371 16,738
Lettings: Church Hall 40,828 24,778
Fees 5,137 2,949
Sundries 501 554
Other 18,897 16,372
Other trading activities 85,568 64,325

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Income from investments

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Interest receivable 3,583 1,864 5,447 2,097 1,091 3,188

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Charitable activities

Missionary and
charitable giving
Ministry and church
running costs
Governance
costs
2024
2024
2024
£
£
£
Depreciation and
impairment
-
48,190
-
Grants and
donations
11,885
-
-
Parish share of
Diocesan
Expenses
-
70,880
-
Clergy expenses
contribution
-
349
-
Church running
expenses
-
12,715
-
Church Room
expenses
-
1,244
-
Church
maintenance
-
12,734
-
Memorial
-
25,195
-
Upkeep of
churchyard
-
2,237
-
Costs re Sparsey
Place
-
1,740
-
Salaries and
wages
-
13,392
-
Stationery,
sundries and
office expenses
-
20,991
-
100 Club
-
4,174
-
Misc. Church
Expenses
-
539
-
11,885
214,380
-		 Total
2024
Missionary and
charitable giving
Ministry and church
running costs
Governance costs
2023
2023
2023
£
£
£
£
48,190
-
51,830
-
11,885
24,681
-
-
70,880
-
70,471
-
349
-
226
-
12,715
-
20,658
-
1,244
-
1,996
-
12,734
-
21,828
-
25,195
-
-
-
2,237
-
4,737
-
1,740
-
526
-
13,392
-
15,818
-
20,991
-
4,957
-
4,174
-
2,598
-
539
-
1,858
-
226,265
24,681
197,503
-		 Total
2023
£
51,830
24,681
70,471
226
20,658
1,996
21,828
-
4,737
526
15,818
4,957
2,598
1,858
222,184

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Charitable activities

Charitable activities
Share of
governance
costs (see note
7)
Analysis
by fund
Unrestricted
funds
Restricted funds		 -
11,885
11,885
-
11,885		 -
214,380
166,190
48,190
214,380		 3,300
3,300
3,300
-
3,300		 3,300
229,565
181,375
48,190
229,565		 -
24,681
24,681
-
24,681		 -
197,503
144,577
52,926
197,503		 (Continued)
6,633
6,633
6,633 228,817
6,633 175,891
-
52,926
6,633 228,817		 (Continued)
6,633
6,633
6,633 228,817
6,633 175,891
-
52,926
6,633 228,817
228,817
175,891
52,926
228,817

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7
Support costs
Support
costs
Governance
costs
2024
£
£
£
Independent Examination Fees
-
3,300
3,300
Other
-
-
-
-
3,300
3,300
Analysed between
Charitable activities
-
3,300
3,300
8
Net movement in funds
2024
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
3,300
Depreciation of owned tangible fixed assets
48,190		 2023
£
3,000
3,633
6,633
6,633
2023
£
3,000
51,830

9 Parochial Church Council

No members of the Parochial Church Council received or waived any emoluments during the period in respect of their services as a trustee (previous year: £nil).

Ordained members of the clergy, in receipt of a stipend, do so directly from the Church of England.

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
3 3

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

12
Tangible fixed assets
Cost
At 1 January 2024
At 31 December 2024
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
13
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Accruals and deferred income		 Land and
buildings
£
679,267
679,267
263,411
23,272
286,683
392,584
415,856		 Fixtures,
fittings and
equipment
£
95,365
95,365
87,121
656
87,777
7,588
8,244		 Organ
£
242,621
242,621
169,834
24,262
194,096
48,525
72,787
2024
£
21
1,829
1,850
2024
£
13,955		 Total
£
1,017,253
1,017,253
520,366
48,190
568,556
448,697
496,887
2023
£
21
2,360
2,381
2023
£
13,444

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15 Restricted funds

The restricted 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.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2023 resources expended 1 January 2024 resources expended 31 December 2024
£ £ £ £ £ £ £
Sparsey Place 97,475 - - 97,475 - - 97,475
Memorial Funds 6,381 205 - 6,586 350 - 6,936
Fabric Fund 483,383 886 (52,926) 431,343 1,514 (48,190) 384,667
587,239 1,091 (52,926) 535,404 1,864 (48,190) 489,078

ST PETERS, WOLVERCOTE PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds
Analysis of net assets between funds
At 31 December 2024:
Tangible assets
Current assets/(liabilities)
At 31 December 2023:
Tangible assets
Current assets/(liabilities)		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
117,321
210,249
(181,375)
146,195
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
107,382
185,830
(175,891)
117,321
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
-
448,697
448,697
146,195
40,381
186,576
146,195
489,078
635,273
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
-
496,887
496,887
117,321
38,517
155,838
117,321
535,404
652,725

17 Analysis of net assets between funds

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).