PAR55H of OLD FELIXSTOWE PAROCHIAL CHURCH COVNCII TRUSTEES REPORT AND FINAf4aAL STATEMENTS FOR THE YEAR ENDEO 31" DECEMBER 2024 2024 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF OLD FELIXSTOWE CHARITY REGISTERED No. 1141751 TRUSTEES, ANNUAL REPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 Page l of 23
PAR15H of OLO FEUXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 Content5 Page Reference and administrative details Trustees, Report Statements fel3tin8 to Members Independent Examiners, Report io Statement of Financial Activities li Balance Sheet 12 Statements of Asset5 & Liabilitie5 13 Fund Movement by Type 14 Analysis of Income & Expenditure 15-16 Notes to the Financial Stalements 17-23 Page 2 of 23
PARISH of OLD FEUXSTOWE PAAOCHIAL CHURCH COUNCIL TRVSTEES REPORT ANO FINANOAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 NAME: The Parochial Church Council of the Ecclesiasticol Parish of Old Felixstowe. OTHER NAMES: Old Felixslowe. Saints Peier & Paul with Saint Andrew and Saint Nicholas and Parish of Old Felix5towe REGISTERED CHARITY NUMBER: 1141751 PARISH OFFICE: Old Felixsiowe Parish Off Ice, Saint Andrew's Church. Saint Andrew's Road. Felixstowe, SLJffolk. IPII 7EB 8ANKERS: 8arclays Bank PLC CCLA. C8F Church of England Deposit Fund INDEPENDENT EXAMINER: Mrs. H. Rum5ey FCA of Ensors Accountants LLP TRUSTEE5 Name office SeTred From To Rev. C. A Hood Mrs. l.R lones Mr. S C. Rogers Mr. M.D.L Van den Ende Mr R Copestake Mr. R. A Cornwell Mrs A.L. Cornwell Mr. M Dean Mrs. l Macpherson Mr.A. J. Peats Mrs. A. Smith Rev. D. White Mrs l Adam Mrs. R. Page Mrs. S. Wright Rev G South Chairman Churchwarden Churchwarden Treasurer All year All year All year All year All year All year All year All year All year All year All year All year 19" May 2024 191P May 2024 - 151 Sept 2024 19 May 2024 29, June 2024 Curate Page 3 of 23
PARISH of OLD FEIIX5TOWE PAAOCHIAL CHURCH COUNCIL TRUSTEES REPORT AND Fif4ANaAL STATEMENT5 FOR THE YEAR ENDED 31" DECEMBER 2024 The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies Set out on pages 17 to 19 and comply with the Charilies Act 2011 and 'Accountin8 and Reporting by Charities.. Statement of Recornmended Practice applicable to Ch3ritie5 preparing their accounts in accordance with the Financial Reporting Standard 3pplic3ble in the UK and Republic of Ireland IFRS 1021. STRucfuRE, GOVERNANCE AND MANAGEMENT Thi5 charity Is governed and constituted under the laws applicable to Parochial Church Councils within the Church of England, the Parochial Church Council Power5 Measure. The Par15h of Old Feli1stowe elecls members to its church council IPCCI at an Annual Parochial General Meeting. and members of the PCC automatically become trustees. Anyone living In the parish and t*ose whose names are on the electoral roll of the par15h are eligible to atiend and vote at that meeting. The par15h exists to promote Christianity. principally in Old Felixstowe, according to the rites and formularies of ihe Church of En8land. The par15h is constituted to Pfo¥ide re8ular, public services. principally on Sundays. and the occa51onal off ices of baptism, matrimony and funeral, and provides buildings that are open to the public for the comfort of religion. These buildings are available to local organisations for events that benefit the local communi y The parish also donates to other charifie5 that provide services founded In Christianity to Member5 of the public In rhe UniteLI Kingdom, locally and otherwise, and overseas. AIM AND PURPOSE The Parochial Church Council IPCCI of Old Felixstowe supported its Vicar, Rev. C.A. Hood, to provide the whole mission of the Church of England in northern and eastern Felixstowe. To help achieve th15, It maintains and opens for public worship the church buildings of Saints Peter & Paul, in Church Road,. its daughter church. Si. Andrew, in St. Andrew's Road and (the un-consecr3tedl St. Nicholas at Felixstowe Ferry. The PCC also maintains the Church Hall In St Andrew's Road, and has beneficial ownership of St. Andrew's House, 10, Fleetwood F¢oad, adiacenr to the church. OBJEcfivE5 The PCC is committed to encouraging people to participate in worship at its three churches and thus become part of the church family. It caters for differing styles of worship and church fellowship within the par15h by diverse services on sundays and weekdays as well as the vse of ch¢Jrch building5 at other times by groups. The parish holds services for the whole parish In Ss. Peter & Paul and St. Andrew and St. Nicholas during the summer months. Page 4 of 23
PARISH of Oio FELIXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31" DECEMBER 2024 PUBLIC BENEFIT When planning its activities for the year. the PCC and Vicar have considered the Charity Commission's guidance on public benefit and ill particular the specific guidance to charities for the advancement of reli8ion. They have tried to enable ordinary people to live out their taith ès pan ol th15 parish's community through.. Worship and prayer: teaching the Gospel and developing the congregation's knowled8e of and trust In Je5US. Pastoral care for those living In the parish: Support of work amon8St youn8 people of both the parish and within the town of Felixstowe., Support of outreach and missionary work The Trustees consider that they are fulfilling the requirements to deliver a public benefit. REVIEW OF THE YEAR The parish has continued to hold and develop public services throughout 2024. We met on the first four Sundays at 09..30 and 1100. and at 08:00 three tirnes a month and on the fifth Sunday all congregations are Invited to meet for worship together. Evenin8 services were held once a month and through the summer these were held weekly at St Nicholas. Each congre8ation has a diff ereni Style and structure that allows people io encounter God'5 love and grace In a variety of forms. We met In the church every Mon(iay for Evening Prayer and on a Thursday for Morning Prayer. A Holy Communion Service Is held weekly on a Wednesday. A monthly Saturdav morning 8roup meets for Theology book group. io explore a ran8e of Interestin8 and challenging books, and for contemplative prayer. Our church buildings have been open for private prayer and public worship, as well os for weddings. funera15 and baptisms. They are also used by the wider community throughout the week. Groups meet for prayer and Bible Srudy. for craft and chat. fjr Singing. Signing and siories and the ¢ommunity Pop Up Shop continue5 to meet to support our community. St Peter and St Paul Is the base for the new Parish Nursing mtni5try. Men's breakfast is held monthly on a Saturday and Is thriving. Excellent contact with primafv schools has been developed in the pJri5h. providing. assemblies and le55ons both in school and church. We had the privilege of hoslin8 Christmas services for the schoo15 In the parish. Pa8e 5 of 23
PARISH ol OLD FELIXSTOWE PAROOIIAL CHURCH COUNCIL TRusfEES REPORT AND FINANOAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 To further develop contact with families and children a weekly singing. signing and storie5 group has been established. It is aimed at preschool children and their carers where they can spend time together and develop relationships. At the 09..30 Service we have launched a monthly all age service. which families are beginnin8 to attend. Some through contart with the singing. signing and stories group. On further Sunday at 09-30, Explorers is offered. a Sunday group for children of primary school age. In 2023 Parish Nur5in8 was set up arbd established In the Paf ish for the first time_ A small group oversee the running and delivery of the service on 6 voluntary basis and report to rhe PCC. Support ha5 been offered to those In the congregation and in the wider community. A further volunteer parish nurse joined the learn during 2024 and a Parish Nurse a5515tant has been trained. Parish Nursing provides a monthly presence at a community market, Margery GirlinE House and h05ts a lunching togerher meal at the White Horse. The team are lookin8 at option5 as to how to further develop the service. Home visitin8 has continued and elders continue to be involved in taKin8 pre.consecrated oly Communion monthly to those who can't 8et to the church bui5din85. This has helped maintain contact and alon8 W5th re8ular DVDS of services being produced and distributed sees the church 5eekin8 to reach out and keep In touch. Pub Theology has continued at the White Horse but Intermittently due to a few changes in the landlord. This Is an opportunity lo explore a range of topics In a relaxed almosphere over a drink. li has helped develop contact wTrih the wider community and buili relationships. Rev Georgina South joined a5 a self-supportin8 curare at the end of June. The parish has been blessed by her ministry Faculty perm1ssion was obtained to extend the Garden of Remembrance. work on which began early 2025. A smèll and dedicated team has been established to help maintain the Church yard at St Peter and St Paul. Advice from Carin8 for God's Acre was obtained to help with ihe on80ing management and development of the church yard. The church hall is used by a pre-school group throu8hovt the year. St Andrews House continue5 to be let out. mana8ed by a local letting agent. TRUSTEES The Trustees of the charity are detailed on page 3 of rhis report. Page 6 of 23
PARISH of OLD FELIX5TOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANCIAL STATEMEP4TS FOR THE YEAR ENDEO 31" DECEMBER 2024 APPOINTMENT OF TRUSTEES When a vacancy occurs for a trustee. the remainin8 trustees seek to appoint an individual with skills and experience, which they feel, will be of benefit to the charity. On appointment, new trustees are given copres of the latest Annual Report and Accounts. There Is no formal induction and trainin8 programme, but individual trustees aitend seminars to update themselves when they feel It necessary. MANAGING RISK The Trvstees have considered the major risk5 to which the church is exposed. and 5yStem5 have been established to mitigare those risks. The implementation of these procedure5 minimises those risks. These procedures are regularly reviewed to ensure that they still meet the need5 of the charity. In particular. to rninimise any financial risks the trustees would seek repb,table bank5 and othei Investment Institutions Into which they could place funds. The performance of their Investment would ihen be reviewed. RESERVES & INVESTMENT POUCY The parish holds reserves in the form of Restricted, Endowment and Unrestricted funds. A Reserves and Investment Policy has been developed to mènage the financial assets of the parish. Ouring the annual Financial Review. a balanced budget 15 sei for the upcoming year, whereby any shortfall ift predicted Incorne vs predicfed expenditure will be mel by an allocation from carried-forward Surplus assets. In addition, a Reserve of £36,(m will be allocated as contingency against unexpected hi8her costs as the budget is executed through the year. A formula for determining the Reserve is defined in the Policy. The Reserve will be held in a separate readily acce55ible financial account from that Used for the parish's day-t day running. The balance ol the surplu5 lin3ncia5 assets will be maintained as a mix of mid- 3nd lon8-ierm investments. with the goal of producing capital growth and income, corvmensurate Wit minimisin8 risk of capital loss. EMPLOYMENT MATTERS The trustees are responsible for the appointment of employees and other related staff matters, including deiermining Salaries. FINANCIAL POSITION A deficit of £16,752.20 arose in the year compared to a defiCIt of £38.054.10 for the previou5 year. Funds carried forward totalled £1.150.05'.47 comprisin8 unrestricted fund £351,443.9012023: £364.508.621, designated funds £659.433. 1712023.. £663,120.65 restated see note 101, restricted lund5 [103,752.2612023. E103.752.261 and endowment fund E35.422. 1412023.. £33.704.371. Page 7 of 23
PARISH of OLD FELIXSTOWE PAAOCHIAI CHURCH COUP4CIL TRUSTEES REPORT ANO FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31" DECEMBER 2024 GOING CONCERN The trustees have a reasonabSe expectation that the charity has adequate resources to conrinue operating for the foreseeable future. Approved and signed bv order of the Trustees. C.A. HOOO VICAR Oate 7 May 2025 Page 8 of 23
PARISH of OLD FELIXSTOWE PAROCHIAI CHUACH COU14CIL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2Q24 STATEMENTS REGARDING MEMBERS ETC STATEMENT REGAROING MEM8ERS' BENEFITS With the exception of those mentioned below no member ofthe Council nor any person connecied to them benefited from any contract or work awarded or payment made by the Council dur1ng 2024. cler Itrusteesl received re-imbursement of £210.48 for out-of-pocket empenses incurred in their duties durin8 202412023: £385.41). Agrant of £1,525 was made to a chaflty. of whith Mr A Peats and Reverend Hood 3re also a trusiee12023'. EI,5ELII. A grant of £ 1.525 was made to a charity, of which Reverend White 15 also a trustee12023.' £1,560) The wife of a trustee manages the Parish Nursin8 service and provides nursin8 care. No remuneration Is paid to her In thai capacitv STATEMENT REGARDING TRUSTEES. CONTRIBUTIONS Ouring 2024 the trustees donated £1 1,860 to the Parish of Old Felix5towe for the f urtherance ol lis objectives. All of this was unrestricted In character. In 2023 the omp3ralive values of gifts were £1 1.900. STATEMENT REGARDING EMPLOYEE'S REMUNERATION The PCC employed one person Inot a Trustee) who earned a gross salary of £12.603.60. We are claiming the Employrnent Allowance and no employer's National Insurance Conlribulions were paid l?023. £ 12,603 60 and no employer's NIC) £378 12 was paid for the benefit ol the employee to a pension fund during the year12023. £378.09) Employee benefits, therefore, did nol exceed £60.000 durin8 the year STATEMENTREGARDING EX GRATIA AND HONORARIA PAYMENTS Ex Gratia payments totallin8 £2,07512023: £2.3301 were made to the Ver8er and Organist (non- PCC members) lor their duties ai Church Services. STATEMENT REGAROING VOLUNTEERS The charitable activities are mainly carried out by unpaid volunteers who cover varlous roles within the church. Page 9 of 23
PARISH ol OLO FELIXSTOWE PAROCHIAI CHURCH COUNCIL TRUSTEES REPORT ANO FIP4ANaAI STATEMENTS FOR THE YEAR ENDED 31" DECEM8ER 2024 INDEPEhlDENT EXAMINER'S REPORTTO THE TRUSTEES OFTHE PAROCHIAL CHURCH COUNCIL OF OU) FELIXSTOWE SAINTS PETER & PAUL, SAINT ANDREW and SAINT NICHOLAS I report lo the Trustee5 on my examination of the accounts of the Parochi31 Church Council of the Parish of Old Felixstowe Ithe charityl for the year ended 31st December 2024. RESPONSIBILITIES ANO BASIS OF REPORT As the Irvstee5 of the charity, you are responsible for the preparation of the accounts in accordance with the fequirements ol the Charities Act 2011 (the "Act"). I report In respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carryin6 Out my examination I have followed all the applicable Directions given by the Charity Commi5510n under section 145 (51 Ibl of the Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my eKam1nation. I confirm thai no material matter5 have come to my attention In connection with the examination 8ivin8 me cause to believe that In any matersal respect.. accountin8 records were not kept in respect of the charity as required by section 130 of the Act." or 2. the accounts do not a£cord with those records- or 3. the accounts do not comply with the applicable requirement5 concerning the form and content of account5 Sei out in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement that the accovnt5 give a "true and fair view which 15 not a matter considered as pari of an Independent examination. I hève 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. Mrs. H. Rumsey FCA Ensors Accountants LLP Connexions 159 Princes Street IpswIcH Ipii 8 May 2025 Page 10 of 23
PARISH of OLD FEUXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANQAL STATEMÉNTS FOR THE YEAR ENDED 31" DECEMBER 2024 Statement of Flnancial Activities 2024Tot SÉ Income and endowments from: Donaiion5 and lega¥ies Income from charitable 95,829 43 3.715.10 99.544.53 91.655.33 9,949 1.389.03 attbvitses 11,338 63 11.072_36 Other tfading actlvities Investments 3,IC¥). 9.176.92 28.It>4 89 11.!CQ CQ 12.276.92 39.264 89 162.424.97 10,347.98 24 904.46 Tolal income 137,043.92 25,381.05 137.980.13 Expendlture on.. Raistn8 funds Expendtture on charitable actlvities Other expenLllture Tolal e¥pendlture 21.63 21.63 I.L.76 18.552.82 168,553.$8 161,616.40 10.60196 10.60196 14,41783 179,177.17 176.034.23 150.022.39 29.154.78 Net lexpendlturolllnclxne 112.978.471 {3.773.73) 116,752.201 138,054.101 Transfers Gross iransters between funds - In 7.681.72 7.767.97 15.449.69 2.689.3S Gross iran5fer5 between fun¢s. Out Gains on Investment 17.767.971 17.681.721 115.449.691 12.689.351 1.717.77 1,717.77 asset5 3.360.87 Revaluation. fi%ed assets Net mo¥Èment in funds 85 OM.00 113.064.721 13.687.481 1,717.Tl 115.034.431 Tolal funds brOtrI foTh¥ard Irestatedl 364.508.62 663,110.65 103,752.26 33.71YJ.37 1.165.085.90 1,114.779.13 Total funds carrled Iwward 351,443.90 659,433.17 103.752.26 3S.422.14 1.150.051.47 1.165.IJ85.9) Page 11 of 23
PARISH of OLO FELIXSTOWE PAROCHIAL CHURCH COUP4CIL TRUSTEES REPORT ANO Fif4ANaAL STATEMENT5 FOR THE YEAR ENDED 31" DECEMBER 2024 Balance Sheet Stètemeni of assets and Ilabllltles l Flxed assets Tangible assets 2 Investments 2024 É 2023 £ 596,202.08 606,804 04 3<.422 14 33,704 37 631.624.Z2 640.508.41 3 Currert assets Debtors 15.2f4J.02 Sll.794 $8 8,163.¢ 522.383 02 527.054.60 $30,546.02 Cash At Bank and In Hand 4 Llabllitles Creditors. Amounts Fallin8 Due in One Year 8.627.35 5,968 53 ,627.35 5,968.53 518,427.25 $24,577.49 1.150.051.47 1.165,085.90 14et curreni assets less current Ilablllries Total assets l•ss current li3billties- Page 13 Unrestrlcted General Funds Designated 8enelice Fabflc & Infrastructure Fund On Goin8 Learnin8 Par¢sh NurJin8 POP UP SHOP Si Andrews Hall Fund Sl Andrews House Fund 5t Peter & Paul Graveyard De%gnaEed Fund St Perer & Pèul Streamin Restrided 351.443.90 364,508.62 19.775 14 3.000. 1.793,49 4.750.19 192.239.82 401,625.72 15.046.73 21,202 08 19,775 14 3.¢)00.oc 1,914 75 1,280 ( 191,212 398.134.72 I6.c 31,804 04 Restricted - Or8an Fund Restiirted St Andrews Church Fabric & Infrastructu Fund R95tricted St P & P Fabnc & Infrastructure F•JrKI Endowment En(lowrnent. St Peter & Paul Graveyard Fund Fund of the Church 2,314.88 82.813.38 2,314.88 82,813.38 18,624.t 18.624.QK 35,422.14 33,704 37 1.150.051.47 1.165,085.90 C A Hood- Vicar M Van den Ende-Trea5urer Date 7 May 2025 Page 12 of 23
PARISH of OLD FELIXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANOAL STATEMENTS FOR THE YEAR ENDED 31" DECEM8ER 2024 Statement of Assets and Liabiltties G•n•rnl 2013 £ Fixed A55et- Investments Oliver CCLA Investrnent Fund 28,901.92 28,901.92 27.503.39 Churchman CCLA Deposit Fund 6.52C.22 6.520.22 6,2(K).98 Total 3S,422.14 35.422.14 33.704.37 Ftxed Asset- Taniible Assets St Andrews House 385.1XX).LKI 190.CW. 21.202.08 Total 596.202.08 Cunent 15sets. Cash at bank and In Hand 8aTclays Cufrenl Account 1,059.52 5.022.27 8arclay5 Savin8s Account 1 25,062.79 40,617.63 19,880.38 Cash In and ooi 385.ts)O LKI 385.0 C 190,COJ.O) I90,0.(x1 21.202.08 31,804 04 596,202.08 606.01 51 Andrews Ha55 Ire5ts1edl Equipmeni 6.233 77 85.560.80 001 15.306.72 87.076 29 ooi Total 26.122.32 45,639.90 20,032. Curr•ni ass•ts. d•btors Accounts Receivable 91.794.S8 102.383.02 13.464.90 1.795.12 Total 13.464.90 1.795.12 Current assets- Investments 15.260.02 15.260.02 8.163.(Ki 8,163.(rt) The CB£ ColE Deposit Account 320,tJ)) 16,206.00 83,794. 420.(MX).IX) 420,(XTr) O) fal 320m.(Xt 16.206.00 83.794. Llablllty. A8en(y A¢¢(wnts A8ency collections 420.000.rAI 420.OLX).(KJ 74.10 74.10 Total Llabillty. Credltors.. Amounts lalllni due In One Year Accounts Payable 8.lJ3 32 409.93 74.10 74.10 8.553.25 Total 8.113.32 409.93 8.553.25 5.968.53 Net total assets 351.443.90 659,433.17 103,75Z.26 35.422.14 1,150.051.47 1,165.085.90 5.968.53 Page 13 of 13
PARISH ol OLD FEIIXSYOWE PAROCHIAL CHURCH COUNCII TRUSTÉES REPORT AND FINANOAL STATEMENTS FOR THE YEAR ENDED 31° DECEMBER 2024 Fund movement surnmary Openlni In¢omlni l>Jtyolni Ti•n51ers G•ins/Losses Joum•ls Closlni Benefice Fabric & Infrastfucture DE51gnated 9.775.14 18.775 14 Organ Fund Restricted 2.314 88 231488 On Goini ieamlni Designated Parlsh Nutsln8 3.LMXI 00 3.000 00 De518nated 1.914 75 1.954 17 1643.43 1432.1)0i 1.79349 POP UP Shop Oe518nated 1.280 4 217 53 1.285.59 518 25 475019 St Andrew's F•brlc & Infrastructure Restricted 82.813 38 82B1338 St Andrew's Hall De51grsattd 191.212 00 e.c*i 92 7.034 10 192.239 82 St And15 House De&8na¢ed 398.'.34 72 11.1W CKI 7.PA)9 401.625 72 StP&PFabrl¢& Infrastructure Restrictesj 18.824 00 18.624 CQ St P & P Gravey•rd Endowment 33.704 37 1.717 Tl 35 422 14 St P & P 4r•¥eyard Desi8nated 16.(MXI 00 47.43 1.CQJ.70 1S.U¢6 73 Streaml Desi8nated 31.804 ( 10.601.98 2'..202 08 General Fund .W 9J8 62 127 043 92 152.822 39 186 251 351 4343 Gr•nd Total 1.165,06S.90 162.424.97 179.177.17 1,717.77 1,150.051.47 Page 14 of 23
PARISH of OLD FELIXSTOWE PAROCHIAI CHURCH COUt4CIL TRUSTEES REPORT ANO FIP4ANaAL STATEMENTS FOR THE YEAR ENDED 31" OECEMBER 2024 Analysis of income and expendlture Unrestlted Osiined Re5trl¢ied Endowmont Z024 E IO23 £ INCOME AND ENDOWMENTS FROM.. Donations and le8acies Gilt Aid Givin8 Othef Planned GtVTn Weekly Offerin85 Recurr¥ng Donation5 Non Recurrin8 OonatTons Gift Aid RecovÈrÈd 52.711.LKI 1.320.00 8,835.IXs 200. 10.071.58 64.87 54,03100 52, 78S CK) 9.n3J 00 13,457 CK) 10,07158 9,8S8.12 64.87 4.394.14 2.028.CM) 14.fi56 10 13,144. 7,291 84 378 21 99.544.53 91.655.33 2.199.04 2,195.10 14.656.10 7.291 84 Legacies Totals 959.43 3,715.10 Income from charltable activities Pop up Shop Weddings Funerals Memorials 2.424.80 1,299.03 3.723.83 4.012 42 7.524.80 7.524 80 6,920.80 Oiher Incorne 90OJ 139.14 Totsls Other iradini actlvltl•s Fund Raisin St Andrews Hall Fees 9.949.60 1,389.03 11,338.63 11,072.36 3,100.iXI 1.1 Is.c 8,061.92 J.i(x).(X1 9.176.92 4.215 fy) 2.3Ix).17 8,061.92 8,047.81 12,276.92 10,347.98 Totals Investments Dividend5 & Interest 28.164.89 28,164 89 15,CW.46 I I,IIXI.IXI 9,900.00 39.264.89 24.904.46 162.424.97 137,980.13 St Andrew5 House Rental li.1.( Total$ 28,164.89 11.i(xi.co Gr•nd iotals 137,043.92 25,381.05 2023 115.674.44 22.227.81 137.980.13 Page 15 of 23
PARISH of OLD FELixsfowE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 Unr•stri¢ted Designated Restrict•d Endowrnent 2024 £ 2023 £ Expendlture on: Fund Ralslng Acrivtties Chaiitable Actlvlties.. Church Overseas (note 71 Home Mission Glving (note 71 Setular Charities Pop up Shop Parish Share Adminl*raiive Officer Costs 018ariist Fees Gardener Fee5 Vergers Fees Cler8y Worklng Costs Asslstant Clergy Q)sts Mi551on & Outreach Expenses St Andrews Churth Insurance St P & P Church Insurance St Nlcholas Church Insurance Upkeèp of services Copter Related Costs O¢herAdmini5trative Cost Church CleaAin8 & Repal Upkeep of Church Grounds Othef Support Costs St Andrews Church ut11leS Sl P & P Church Utiir(les St Nicholas Church Utilities Communication Costs St Andrew5 Hall Utillties St Artdrews Hall Insurance St Andfew5 H?11 M5ntsr Repalrs St Andrews House Insurance St Andrews House Ageni Fee St Andrews House Maintenancè Fees Churchyard Masons Governance Costs (note 81 St Andrews Church Malor Repair5 St P&P Grnveyard Upketp Tot•l$ 1S0.(W.76 21.63 21.63 1.560.LI) 1,560.C 7,625.t)) 4,680.C(I 3.199.24 1959.96 80,454.96 77,996. 12,981.72 13.036.92 1,575.rxi 1,810.1XI 960.) 7,625.) 1,933 65 80.454.96 12.981.72 1,575.CQ L265.59 520. 175.38 35.10 175.38 35.10 341.31 44.10 2,163.12 1,574.93 1,737.38 242.10 9,275.67 1,144.39 6.215.50 1.643.43 1.643.43 2.136.17 2.313.58 347.87 6,195.25 1.331.50 6,268.35 2.136.17 2,313.58 347.87 6,19S.25 1.331.50 6.268.35 2,69S.91 2,695.91 2,762.31 10.674.72 2,497.24 260.44 10,674.72 2.497.24 260.44 1.478.59 5.504.46 1.456.77 1.786.(Kl 7C6.tXI 4.519.69 2.948 42 270.71 782,38 3,449.29 1.107.80 2.844.99 723.34 1,332.(Kl 1,188.Crf) 5.571.CA) 6.313.Lil 1,349.20 3,084.78 3,630.CQ 3,480.00 1.478.59 5,504.46 103.64 1.353 13 360. 1.426.Cl) 706.(KI 1.332.C(I 5,571.1x1 1.349.20 3,630.( 935.33 i.OXJ.70 14552A2 I,iXKJ.70 168.553ts8 161,61&40 Other expenditure Streaming Depreciation (note 11 Other •xpenthtureTotals 3,817.87 10,601.96 10.60196 10.601.96 14.417.83 10,601.96 10.601.96 Expendtture Grand t¢)tals 150.022.39 29.154.78 179,177.17 176.034.23 142.923.40 32.175.50 935.33 176,034.23 Page 16 of 23
PARISH of OLO FELIXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEE5 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES BASIS OF PREPARATION OF ACCOUNTS The accounts have been prepared In accordance with the Accounting and Reporting by Charities. Statement ol Recommended Practic@ applicable to Charilies PTepaTing theii account5 in accordance wit, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 las amended for accounting periods commencing 1st January 20191. The accounts h3ve been prepared to give a 'true and fair, viv44 and have departed from the Charities, (Accounts and Reports) Regulations 2W8 only to the extent required to provide 3 'rrue and fair. view. This departure has Involved following Accounting and Reporting by Charities Statement of Recommendee Practice applicable to tharities applying FRS 102 rather than the version referred to In the regulations which has since been withdrawn. The accounts are prepared In sterling, which is the functional currency. Monetary amounts are stated In pound5 and pence. The accounis have been prepared on the going concern b3515 as the Council have a reasonable expectation that the Church has adequate resources to continue operating for the foresee3ble future. The Parish of Old Felixstowe Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liat>ilit*es afe initially recognised al historical ccst or transaction value unless stated in the relevant accounting policy nores. FUNDS Unrestricted funds are lunds of the PCC that are not subject to restriction on their use and are able to be applied by the PCC for general purposes. The PCC mav desi8n3te unrestricted funds for a parlicular purpose as a matler of internal financial discipline. Restricted lunds are annotated on iheir use. Endowment funds are restricted funds, the interest ITOM which is to be used for purposes specified by the funds, donor5. These accounts deal only with such transartions for which the PCC is responsible. The affairs ol groups affiliaied to (he church and other 8atherin85 Wlthin it are excluded. INCOMING RESOURCES Collections are taken to account when received. Income from covenanted giving and ancillary donations are raken to account only when received. Income tax recoverable under the Gift Aid Scheme Is recognised on a receivabSe basis. Legacies income 15 reco8n.sed when the PCC has entitlement to thp. funds, any performance conditions attached to the Itern{sl of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Page 17 of 23
PARISH of OLO FEUX5TOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT ANO FINANCIAL ATEME11T5 FOR THE YEAR ENDED 31" DECEMBER 2024 Recurring and nonrecurring 8rants are taken to account only when credited to the PCCS bank. Income from charltable activities is recognised on a receivable basis. Fundraising ané income generated from other tradin8 activities are reco8n15ed when received. RESOURCES USED Donations and grants are taken to account on votin8 by the PCC or payment. whichever is the earlier. Other costs are accounted for when the PCC'S liability for them occurs. FIXED ASSErs Consecrated Land & Buildlngs These are excluded from the account5. No value is placed on movable church furnishings that require a faculty for disp0531. Expenditure on consecrated property and movable furnishin85 whether improvement or maintenance Is wrilten off sp. the year of expenditure. Other Land & 8uSldln Sl Andrew's House 15 Stated at market value provided by a professional valuer In Febr¢Jary 2024. The value is reviewed on an annual basis by the Trustees and professionally revalued at intervals of no more than 5 years. St Andrews Hall is slated at market value provided by a prOfesOnal valuer tn November 2021. Expenditure on other land and buildin8s is written off as Incurred. Oiher Fittinzs, flxtures equipment This is written off on a linear basis over three years. Items less that £l.000 In value are written off when acquired. Streamin8 equipment is written off over 5 years on a linear basis. IMPAIRMENT OF FIXED ASSETS At each reporting dare the Ch3ritY feviews the carrying amounts of Its tangible assets to determine whether there Is any Indication that those have SLbffered any impairment loss. If any such indication exists. rhe recoverable amount of the asset Is estimated In order to determine the extent of the Impairment loss lif any). INVESTMENTS Investments are shown at market Value. Difference5 in c105in8 market value frorn the precedin8 year are taken to the Statement of Financial Activities as an unrealised movement. Income arisin8 from investments Is accounted for on an accrual basi5. Page 18 of 23
PARISH of OLD FELIXSTOWE PAROCHIAI CHURCH COUNCIL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 FINANCIAL INSTRUMENTS Other than the fixed asset investments. the charity only has linancial as5et5 and tinancial liabilities of a kind that qualify as basic financial Instrument5. 8a5ic financial instruments are reco£n15ed In the Balance Sheet when the PCC becomes party to the contractual provision of the Instrument. CURRENT ASSETS Sums owed to the PCC are shown as debtor5 less any amount which may not be collectable. Cash at bank and in hand Includes cash and highly liquid investments. ACCOUNTING ESTIMATES AND AREAS OFJUDGEMENT Estimates and judgement5 are continually evaluated and are based on historical experience and other lactors, Includin8 expectation5 of future event5 that are believed to be reasonable under the circumsiances. The freehold Pfoperty. 10. Fleetwood Road. is piofessionallv revalued at interva15 of no more ihan five years. A professional valuer has provided a market value in February 2024 (see note 11. The Hall was valued professionally In November 2021. PENSIONS The PCC makes payments to a pension scheme for Its employee. Contributions are charged to the Statemeni of Financial Activities as they become payable. LEASES Renta15 payable under operating leases are charged against income as they tsecome payable. EMPLOYMENT TERMINATION There is currently no provision for contractual payments on termination of employment in staff contracts. If a terminaiion becomes necesS3ry. it viill be dealt with in accordance wilh circurnstance5 and employment law In force at that time. TAXATION The activities are exempt from United Kin8dom VAT ènd Income taxation. NOTE I: FIXED ASSET5 The PCC beneficially owns two nonrfonsecrated freehold properties.. St. Andrew's Church Hall and St. Andrew's House. St. Andrew's House was PTofe5sion3lly valued In February 2024 and 15 Stated at a value of £385,000 In these accounts. St Andrews Hall Is stated at market V31ue in these accounts This was profes%ion311y valtjed at £190,000 in 2021.The PCC also owns St. Nicholas'5 church. a non-consecrated properly at Felixstowe Ferry If servrces are not held there for a period of more than one year. Interest in the property feverts to the original donor In the PCC'S opinion the property h3s no market value to the PCC. These propertie5 are unrestricted. Pège 19 of 23
PARISH of OLD FELIXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANCIAL STATEME5 FOR THE YEAR ENOED 31" DECEMBER 2024 NOTE I: Iconfinuedl Equiprnent St Andrew's St Andrew's Hall Ire41ai¢d Totsl £ Costlvaluation IraL¢ Brought torward Revaluation Additions Disposal Carried forward Oeprectation 53,CQ7.96 385.0(10.IXI I90..(m) 628,7.96 53,007.96 385.Cm.00 190,OIJJ 00 628.007.96 Broughi forward Charge On disP05al carried fofward 21.203.92 10.601.96 21.203.92 10.601.96 31.805.88 31,805.88 Wrltten dovm value At 31st December 2024 21,202.08 385,000.(KI 190,(m.00 $96,202.08 00.00 606 804.04 See Note 10 for Prior Year Adjustments. NOTE 2: ENDOWMENTS The Diocese holds certain funds. the income from which is for the Denefit of the parish. Cash from these funds is shown In Saints Peter & Paul Graves & Fabric Fund Original capital sum OLIVER For Maintenance of Oliver family graves and keeping legible their letterin8 and benefit of Ss Peter and Paul Snterest held at the Diocese. available to the PCC CHURCHMAN For fabric and grave maintenance. particularlv Churchman family £rave.s. Trust deed held at Diocese. available to the PCC 757 ENDOWMENT MOVEMENT IN VALUATION Value 2023 £ Value 2024 £ 27.503.39 28,901.92 652022 Movement £ 1,398.53 31 .24 OLIVER CHURCHMAN TOTAL PaEe 20 of 23
PARISH of OLD FEUXSTOWE PAROCHIAL CHURCH COU14CIL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 1024 NOTE 3.. DEBTORS 2023 £ 2024 £ Other debtors Prepayments 2,676.00 5,487.00 8,163.00 9.706.23 5,553.79 IS,260.02 NOTE 4: LIA81UTIES FALLING WITHIN ONE YEAR 2023 £ 2024 £ Creditors Accruals 1,759.77 4,208.76 5,968.53 2,911.30 5.716.05 8,627.35 NOTE S: ANALYSIS OF NET ASSETS 8Y FUND for the year ended 31" December 2023- restated Unrtstrirtedl Restrirted Endowrnent Total É Deslgnaied Fixed assets 606,804.04 33,704.37 640,508.41 Current assets 426,793.76 103.752.26 530,546.02 Liab.littes Net current asset5 le$5 current liabilitr.es Total assets less current liabilines 5.968.53 5.968 53 420,825.23 103.752.26 524,577.49 1.027.629 27 103,752.26 33,704.37 1,165,085.90 Total funds carried forward 1,027,629.27 103,752.26 33,704.37 1,165,085.90 NOTE 6: OPERATING LEASE COMMITMENT5 On 22 August 2019, the church entered into a 5-year operatin8 lease agreement in respect of a photocopier. This lease concluded on 2 1st Au8ust 2024 and a new lease was entered Into for 36 months. The amount oJtstandin8 at 31 December 2024 was as follows.. 2023 £ 439.1 2024 £ 648.00 Within l yeaf More than l year Payments recognised as expenditure amounted to £815.9012023.- E879.801 Page 21 of 23
PARISH of OLD FELIXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR TME YEAA ENDED 31" DECEM8EA 2024 NOTE 7: PAYMENTSTO INSTITUTIONS & INDIVIDUALS The PCC made the following donations.. 2023 2024 Overseas Mission Fellowship TEAR fund Church Pastoral Aid Society BOOST Felixstowe The hope Trtsst 1,560.IXI 1.560.¢YJ 1,560.(KI 1,560.LY) 1,560.Tr) 1.52S.00 1.525.(Kl 1,525.00 1.525.Tr) 1.525 00 NOTE 8: GOVERNANCE COSTS Governance cost5 of E3,630 relate to Independent Examination fees12023. E3,4801. NOTE 9: POST BAL4NCE SHEET EVENTS Gafden of Remembrance renovationlrefurbishment was approved late November 2024 at cosi of £2 1,702 plvs £ I,CQO contingency. The work was not started unlil january 202S and completed within the same month. Woik to Oliver and Churchman graves costin8 £1.S¥)8 wa5 approved. An order has been placed with contractor, but the work is yet to be started. Healing 5V5tem repair5 lincludin8 pipe replacement) at cost of £5,752 plu5 VAT was approved in December 2024 and the work was completed In February 2025. NOTE 10: PRIOR YEAR ADJUSTMENTS- Designated Fund St Andrew's Hall and land was professionally revalued in November 202 1 at E 190,IYJO. The written down value broughi forward at l January 2021 was £20,000 resulting In an uplift In value 01 £170,000. Tanglble Assets lpreviouslv reported) Tanglble Assets Irestatedl St Andrews Hall fund (Previously reported) St Andrews H?11 fund Irestatedl At 31 December 2021 E320.LN)O £490,( £19.653.93 £189.653.93 Al 31 December 2022 £362,406 £532.406 £20,411.23 £190.411.23 Al 31 December 2023 £436,804 04 £606,804.04 £21,212.00 E191,212.IxI Pale 22 of 23
PARISH of OLO FELIXSTOWE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT AND Fif4ANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 Note 9: FUND MOVEMENT- Year ended 31 December 2023- Ire5tatedl Openini £ Intomin¢ £ ouryo1 £ Transfe £ G•insllosses £ Cl1¢ £ Benefice Fabrl & Infrastructure Designated 22.309 45 12.534.311 19,775 14 Organ Fund Restricted 2.237.1)0 2,314 88 On GoinR Learnin8 De5i8nated 3,(.0) 3,OLX).00 Parlsh Nurslni Designated 4,046 00 2,131.25 1.91d 75 Pop Up De%i8nated 1.280.CQ 1,280.(MJ St Peter & Paul Graveyard Lndowment 30,343.50 3,360.87 33.704.37 St Peter & Payl Graveyard Dgs.'gnated 16.IXx).(X) 16.OC#) St Andrews Fabri¢ & Infrastructure Restricted 83.748.71 82.813.38 St Andrews Hau Fund Ire5tatedl Dest8naLed 190.411.23 8.047.81 7.402.08 155.04 191,212.LXJ St Andrews Hoyse Fund De51gnated 311,459.06 8.224.34 85,000.00 398.134.72 St P & P Fabrfic & Infrastruciurt Res:ricted StP&P Streamln8 Dp51gnated 18.624. 18,624 00 43.687.56 14.417.83 2.534.31 31.804 04 General Fund 391,912 62 115,674 44 142.923.40 1155 041 364,508.62 Grand Total 1.114.779.13 137.980_13 176.034 23 88.360.87 1,165,085 90 Pa8e 23 of 23