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← The Parochial Church Council Of The Ecclesiastical Parish Of St Margaret Rottingdean

2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1138715

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19
Detailed Statement of Financial Activities 20 to 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES for the year ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objects and in planning future activities and setting policy for the year.

PCC Members as Trustees

For the purposes of the financial statements the PCC Members, including the Incumbent and Wardens, are the Trustees of the charity and the terms PCC Members and Trustees may be used interchangeably.

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES for the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

What we planned to do to achieve our charitable objectives

When planning our activities for the year, our incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, particularly, the specific guidance on 'charities for the advancement of religion'.

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

What we achieved and how we affected beneficiaries' lives

Attendance at worship

The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, is a major demonstration of the public benefit of our activities.

With the church building closed for repair and reordering for most of 2024, we have been holding services in the Village Hall and other events, such as Bible Study and a coffee morning in The Plough Inn. The weekday groups are well attended, but our Sunday attendance numbers have decreased slighty, as some have chosen to go to other churches in this period. We hope they will return when the church reopens in March 2025. We look to encourage the deepening of faith for all ages and work closely with our church primary school.

Christmas is a very special time of celebration where many sections of the community come together to join in the services. Attendance was significantly lower this year because of the church being closed.

A weekly recorded audio service has been continued. People have been able to access this service online and via a specially designated phoneline.

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2024

Teaching, baptising and nurturing new and existing believers

No baptisms, confirmations or weddings were held this year because of the church being closed.

Provision of the church building for people to enjoy

It is important to us that the church is available for private prayer, not just to the church family, but to the wider visiting community. Non church-going villagers have felt the loss of the open church this year.

Spatial reordering of the church building and future projects

The first phase of our development project is nearly complete, with an amended plan to install a kitchenette and accessible toilet at this stage. Phase 2, for which we have been granted Planning Permission, will see the construction of a modest extension which will house a kitchen, baby change facilities, new office accommodation, and a large and small meeting room for use by the church and local community groups. As part of the project, we will enhance the audio-visual equipment, replacing some elements where necessary. This will enable a more modern approach to services, whilst protecting those who prefer the alternative approach to worship through hymn books and leaflets.

Ongoing decisions made in faith, to adopt and encourage the Diocesan Strategy of reimagining of ministry and, to modernise our church building, point to a hopeful future, but will require the continued spiritual commitment from all of us, to see it realised. We are in the fortunate position to be able to cover the cost of the project having sold St Margaret's Cottage, and because of three substantial legacies, and two generous donations of financial support.

Provision of pastoral care for people living in the parish

The Vicar and our two Parish Visitors are responsible for hospital visits and home communions. We also visit local care homes and keep in touch with parishioners by telephone.

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES

for the year ended 31 December 2024

FINANCIAL REVIEW

Incoming and outgoing resources

Total receipts on general unrestricted funds received were £161,947 and are detailed in the Financial Report.

Total receipts on restricted funds received were £19,075 and are detailed in the Financial Report.

Legacies received in 2024 amounted to £84,348 (2023: £55,063).

A new contactless card machine was purchased, thanks to the generosity of a parishioner. Contactless donations amounted to £2,105.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £54,297 (2023: £52,000) paid to the diocese for our share of all churches' Parish Ministry Costs.

The total relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and, shared costs of the Christian family throughout the whole diocese, including assistance towards the upkeep of churches less able to manage than ourselves.

It is anticipated that the share of the Parish Ministry Costs will be reduced again in 2025 in line with the Church being closed as part of the development works, hopefully reopen from March 2025.

Staff costs

The PCC employs no staff.

Trustee payments and expenses

The PCC also supported the clergy by paying Council Tax of £2,951 and Water £385.

Clergy expenses are lower this year as the Vicar has not been claiming any expenses since 2021: this will continue into 2025 until our finances recover. This is a way of supporting the finances of the Parish.

There were no payments to persons related to or connected to the Trustees.

Office costs

We had previously negotiated a 5-year fixed rate utility contract, which has helped us enormously as the predicted energy price increase hit in Autumn 2022. This is due for renewal in January 2026.

Treasurer

The PCC would like to thank our Treasurer William Woodhouse for his time and work in overseeing the parish's accounts.

Reserves policy

It is PCC policy to maintain a balance on the general unrestricted funds (excluding property) which equates to approximately three months' worth of unrestricted payments as contingency against unforeseen situations.

As well as holding the above general reserves, from time to time the PCC receives unrestricted or restricted legacies for expenditure defined by the donor.

St Margaret's Cottage was sold in 2022 and the sale proceeds are held in our account with Shawbrook Bank and Natwest to accrue some interest and for security of not keeping large sums in our current account.

Future uncertainties

The building was closed for repairs and reordering after Easter 2024. It will reopen in March 2025. We have been impacted by the loss of visitor income, donations and fees associated with weddings, etc. However, our Planned Giving scheme is providing healthy steady income.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES for the year ended 31 December 2024

DEVELOPMENT PLAN

After Easter 2024, the church building was closed for essential repairs and for internal reordering and decorating. The building remains closed at Year End and will be until March 2025. This is having a negative impact on our finances through loss of fee income (funerals and weddings, etc.) and visitor donations, which can be considerable in the summer months.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The PCC has an ongoing task of reviewing the major risks which impact on the work of the churches in the parish. The usual PAT testing and fire extinguisher checks have been carried out.

The PCC seeks to manage these risks and uncertainties by regularly reviewing its Mission Action Plan and its plans for the use of the church building. We aim to maintain our property to a high standard and carries out the priority items of a quinquennial review in a timely manner.

We aim to diversify income and plan to more effectively hire out the church building to external parties once the re-ordering takes place.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1138715

Principal address

St Margaret's Church The Green Rottingdean Brighton East Sussex BN2 7HA

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

REPORT OF THE TRUSTEES for the year ended 31 December 2024

Trustees

During the year the following served as members of the Parochial Church Council:

Ex Officio members
Incumbent The Revd Dr Anthony Moore Chairman
Church Wardens Dawn Davidson
Heather Butler
Elected Members
Janet Farrow
Jan McFadyen (elected 05.05.24)
Lorna Coleman
Maggie Gill
Mary Hanna (resigned 05.05.24)
Lindsey Delow
Kerwin Hack Safeguarding Officer
Mike Laslett Electoral Roll Officer
Susan Leaney Deputy Safeguarding Officer
William Woodhouse Treasurer
Susan Sparks Secretary
Duncan Ward
Michael Maddox Deanary Synod Rep
Nel Mackie

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent), the Churchwardens and members of the Deanery, Diocesan or General Synods and members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

Independent Examiner

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

12/03/25

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

The Rev'd Dr A. M. Moore

The Rev'd Dr A. M. Moore (Mar 12, 2025 11:42 GMT) ........................................................................

Revd Dr A Moore - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of St Margaret, Rottingdean

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Margaret, Rottingdean (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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

Mr Christopher Marsh FMAAT The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 12/03/25 Date: .............................................

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
Church Activities
Net gains on investments
NET
INCOME/(EXPENDITURE)
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds

£
154,849
6,578
520
161,947
85,331
-
76,616
258,433
335,049		 Restricted
funds
£
2,725
500
15,850
19,075
27,083
-
(8,008)
873,139
865,131		 Endowment
funds
£
-
-
-
-
-
472
472
20,452
20,924		 31.12.24
Total
funds
£
157,574
7,078
16,370
181,022
112,414
472
69,080
1,152,024
1,221,104		 31.12.23
Total
funds
£
133,553
13,830
5,603
152,986
122,182
1,274
32,078
1,119,946
1,152,024

The notes form part of these financial statements

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

BALANCE SHEET 31 December 2024

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Investments
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds

£
-
12,279
-
324,753
337,032
(1,983)
335,049
335,049
335,049		 Restricted
funds
£
309,933
56,294
4,822
502,789
563,905
(8,707)
555,198
865,131
865,131		 Endowment
funds
£
-
-
20,924
-
20,924
-
20,924
20,924
20,924		 31.12.24
Total
funds
£
309,933
68,573
25,746
827,542
921,861
(10,690)
911,171
1,221,104
1,221,104
335,049
865,131
20,924
1,221,104		 31.12.23
Total
funds
£
363
825
25,274
1,167,768
1,193,867
(42,206)
1,151,661
1,152,024
1,152,024
258,433
873,139
20,452
1,152,024

The financial statements were approved by the Board of Trustees and authorised for issue on 12/03/25 ............................................. and were signed on its behalf by:

The Rev'd Dr A. M. Moore

The Rev'd Dr A. M. Moore (Mar 12, 2025 11:42 GMT) .............................................

A Moore - Trustee

The notes form part of these financial statements

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£).

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 6.67% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

continued...

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Endowment funds for which the capital must be maintained; only income arising from the endowment may be used, as restricted funds, depending on the purpose set out in the terms of the original endowment.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Planned Giving
Loose Cash Collections
Mission Fund
Contactless Donations
3.
OTHER TRADING ACTIVITIES
Wedding & Funeral Fees
Church Hire
Concerts & Refreshments
Other income
4.
INVESTMENT INCOME
Deposit account interest		 31.12.24
£
22,347
4,130
84,348
43,444
-
1,200
2,105
157,574
31.12.24
£
6,198
-
-
880
7,078
31.12.24
£
16,370		 31.12.23
£
24,759
6,246
55,063
43,252
1,033
3,200
-
133,553
31.12.23
£
5,501
140
5,880
2,309
13,830
31.12.23
£
5,603

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

continued...

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Church Activities
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Unrestricted
Restricted
funds
funds
£
£
128,927
4,626
13,830
-
511
5,092
143,268
9,718
83,231
38,951
-
-
60,037
(29,233)
198,396
902,372
258,433
873,139
Improvements
to
property
£
-
332,071
332,071
-
22,138
22,138
309,933
-		 Endowment
funds
£
-
-
-
-
-
1,274
1,274
19,178
20,452
Computer
equipment
£
1,449
-
1,449
1,086
363
1,449
-
363		 Total
funds
£
133,553
13,830
5,603
152,986
122,182
1,274
32,078
1,119,946
1,152,024
Totals
£
1,449
332,071
333,520
1,086
22,501
23,587
309,933
363

continued...

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
9.
CURRENT ASSET INVESTMENTS
Listed investments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11.
MOVEMENT IN FUNDS
At 1.1.24
£
Unrestricted funds
General Fund
208,016
Flower Fund
417
David Reid Legacy
50,000
Jean Wells Legacy
-
258,433
Restricted funds
Church Development
835,921
Colonel Jukes Churchyard
25,008
Mission Fund
12,210
The Reading Room
-
873,139
Endowment funds
Chancel Fund
1,644
Graves Fund
4,295
Coveney Fund
14,513
20,452
TOTAL FUNDS
1,152,024		 31.12.24
£
222
68,351
68,573
31.12.24
£
25,746
31.12.24
£
10,690
Net
movement
in funds
£
1,238
(128)
-
75,506
76,616
(4,814)
(4,915)
1,200
521
(8,008)
38
98
336
472
69,080		 31.12.23
£
-
825
825
31.12.23
£
25,274
31.12.23
£
42,206
At
31.12.24
£
209,254
289
50,000
75,506
335,049
831,107
20,093
13,410
521
865,131
1,682
4,393
14,849
20,924
1,221,104

continued...

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Flower Fund
Jean Wells Legacy
Restricted funds
Church Development
Colonel Jukes Churchyard
Mission Fund
The Reading Room
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 Incoming
resources
£
85,252
1,189
75,506
161,947
17,334
20
1,200
521
19,075
-
-
-
-
181,022		 Resources
expended
£
(84,014)
(1,317)
-
(85,331)
(22,148)
(4,935)
-
-
(27,083)
-
-
-
-
(112,414)		 Gains and
Movement
losses
in funds
£
£
-
1,238
-
(128)
-
75,506
-
76,616
-
(4,814)
-
(4,915)
-
1,200
-
521
-
(8,008)
38
38
98
98
336
336
472
472
472
69,080

continued...

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
Flower Fund
David Reid Legacy
Restricted funds
Tower Restoration
Church Development
Colonel Jukes Churchyard
Mission Fund
Musical Theatre Project
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 At 1.1.23
£
198,096
300
-
198,396
20,789
842,045
30,510
8,760
268
902,372
1,971
3,926
13,281
19,178
1,119,946		 Net
movement
in funds
£
59,920
117
-
60,037
-
(27,181)
(5,502)
3,450
-
(29,233)
(327)
369
1,232
1,274
32,078		 Transfers
between
funds
£
(50,000)
-
50,000
-
(20,789)
21,057
-
-
(268)
-
-
-
-
-
-		 At
31.12.23
£
208,016
417
50,000
258,433
-
835,921
25,008
12,210
-
873,139
1,644
4,295
14,513
20,452
1,152,024

Page 15

continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Flower Fund
Restricted funds
Church Development
Colonel Jukes Churchyard
Mission Fund
Macmillan Coffee
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 Incoming
resources
£
142,427
841
143,268
5,339
81
3,450
848
9,718
-
-
-
-
152,986		 Resources
expended
£
(82,507)
(724)
(83,231)
(32,520)
(5,583)
-
(848)
(38,951)
-
-
-
-
(122,182)		 Gains and
Movement
losses
in funds
£
£
-
59,920
-
117
-
60,037
-
(27,181)
-
(5,502)
-
3,450
-
-
-
(29,233)
(327)
(327)
369
369
1,232
1,232
1,274
1,274
1,274
32,078

Page 16

continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General Fund
Flower Fund
David Reid Legacy
Jean Wells Legacy
Restricted funds
Tower Restoration
Church Development
Colonel Jukes Churchyard
Mission Fund
Musical Theatre Project
The Reading Room
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 At 1.1.23
£
198,096
300
-
-
198,396
20,789
842,045
30,510
8,760
268
-
902,372
1,971
3,926
13,281
19,178
1,119,946		 Net
movement
in funds
£
61,158
(11)
-
75,506
136,653
-
(31,995)
(10,417)
4,650
-
521
(37,241)
(289)
467
1,568
1,746
101,158		 Transfers
between
funds
£
(50,000)
-
50,000
-
-
(20,789)
21,057
-
-
(268)
-
-
-
-
-
-
-		 At
31.12.24
£
209,254
289
50,000
75,506
335,049
-
831,107
20,093
13,410
-
521
865,131
1,682
4,393
14,849
20,924
1,221,104

continued...

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Flower Fund
Jean Wells Legacy
Restricted funds
Church Development
Colonel Jukes Churchyard
Mission Fund
The Reading Room
Macmillan Coffee
Endowment funds
Chancel Fund
Graves Fund
Coveney Fund
TOTAL FUNDS		 Incoming
resources
£
227,679
2,030
75,506
305,215
22,673
101
4,650
521
848
28,793
-
-
-
-
334,008		 Resources
expended
£
(166,521)
(2,041)
-
(168,562)
(54,668)
(10,518)
-
-
(848)
(66,034)
-
-
-
-
(234,596)		 Gains and
Movement
losses
in funds
£
£
-
61,158
-
(11)
-
75,506
-
136,653
-
(31,995)
-
(10,417)
-
4,650
-
521
-
-
-
(37,241)
(289)
(289)
467
467
1,568
1,568
1,746
1,746
1,746
101,158

Fund Descriptions

Flower Fund - Funds for flower decorations Tower Restoration - Funds for major repairs to the Tower Church Clock - Funds for major repairs to the clock Church Development - Funds for major repairs to the Church Colonel Jukes Churchyard - funds for maintenance of the Church Gardens Mission Fund - Funds for mission purposes Macmillan Coffee - Funds received for Macmillan fundraising events

Endowment Funds are named after the specific endowment investment for the upkeep of those graves

continued...

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, ROTTINGDEAN

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 19