APCM
For the display of Gods splendor
St Swithin's Walcot
23 March 2025- 4.30pm
Rector's Report
Tim Gleghorn
Gratitude continues to be at the heart of the life of St Swithin's. As we each
reflect on 2024, some of us will have had joyous years, some will have
endured grief and loss, some will have had a quiet year of service and
faithfulness, some of new opportunities, but all of us will have lived and
journeyed with 'the God who is for us, is with us and in us,. That truth, that
we joyously celebrate at Christmas, with Jesus, coming to us in the
incarnation, shapes every Christian life.
Everyone will have some story to tell of God's presence in our lives in 2024.
Our vision is 'To display God's Splendour,, so where you have seen,
witnessed or experience God's work in the world, please don't shy away
from celebrating, giving thanks and giving glory to God,. it will growyour
faith and encourage other people around you.
So, thankyou to everyone who has played their part in the life of St
Swithin's thisyear, whether praying, organising, texting, encouraging,
worshipping, cooking, cleaning, making tea, tech-ing, welcoming, serving,
stewarding, reaching out, meeting, scooping others up. Every small and
large act of loving service makes a real difference. Our obedience counts.
Thankyou too, to the Collies, who headed to Northern Ireland with our
blessing, after 7 years of faithful service.
Our Sundays in 2024 were focussed on overcoming the Seven deadly sins,
celebrating all God's goodness during the summer (while we were away!)
and discovering more of the whole story of Scripture in the autumn. There
is plenty of opportunity for us to grow in the height, breadth, depth or
width of God's love. There is more.
I had the privilege of a Sabbatical this Summer, so a particular thank you to
friends far, near and wide who went the extra mile to make that possible.
The time was a gift on so many levels, and coming out of it was an
increased focus on things of primary importance. So we prioritised our
prayer life in the Autumn and in 2025 we will focus our Sunday mornings
on the person of Jesus in the bookof Mark. There is much for us to discover
and re-discover.
There is a real urgency for us to meet the worshipping, missional and
discipleship challenges together in 2025 and not to hide away. We worship
a big God who is able, and as we offer ourselves in hunger and humility, we
pray that God would continue to fan into flame the gift of St Swithin's. As
we walk forwards in the power of the Spirit with the'God who is for us, the
God who is with us, and the God who is in us,, may that truth alone shape
our lives to a greater extent in 2025 so that we shine brightly in a world that
is looking for healing and hope in Christ.
Warden's Report
Becs Armstrong & Alastair Gibson
Looking back over the past year, there's so much to be thankful for.
We're deeply grateful to Tim and Jo for their faithful and compassionate
leadership, and for the blessing of rest and refreshment during Tim's
sabbatical last summer. Huge thanks also to our staff tearBryOny, Suzi,
and James-for their dedication and service over the past year, and our
prayers for God's blessing on each of them and their families, including the
Collies now in their new home in Northern Ireland. A heartfelt thankyou
also to our PCC members for all they do to support both the operations
and ministry of St Swithins, and to the manyvolunteers who give their
time so generously each week-you are truly valued and appreciated.
We've been able to share time together as a church family, including on
our September away day in Batheaston, and at a surprisingly sunny New
Wine last summer. Around 40 of us camped together, with morejoining
for the day, and we were blessed not only with good weather but also with
inspiring teaching for adults, youth and children, as well as having time to
encourage and enjoy one another's company. It's also been wonderful to
welcome new members of our church family thisyear-we're so glad
you've joined us.
As well as our regular Sunday and midweek services, it's been wonderful to
welcome visitors for Christmas and other special events. We're also grateful
that our church doors are open to the wider community throughout the
week- for the cafe, toddler groups, book signings and many other events.
Life groups continue to meet at different times throughout the week
across the city. They're a vital part of church life, helping us to strengthen
community, grow in faith and support one another as we see God
answering our prayers in so many ways. If you're not yet part of a small
group and would like to be, please do let us knowl
Our prayer for the coming year is that we would continue to grow not only
in numbers but also in our faith, that we would be a Spirit-led, Christ-like
community full of grace and truth, confident to step into the good plans
God has for each of us and to share His love with those around us.
Children's & Youth Ministry
Suzi Darwin
Bubbles {Ages 2- Reception)
We are thrilled to have relaunched our 8ubbles group this year, following a
rise in the number of children in this age ranghat a blessingl However,
we are in urgent need of more volunteers. Please pray for additional team
members, as our current numbers make it diff icult to run sessions every
week. This is particularly challenging for parents of toddlers who are also
on the rota.
Splash (Reception- Year 3)
This term, Splash has been journeying through a series on the life of Jesus,
leading up to Easter. It has been wonderful to focus on key events f rom His
life, helping the children grow in their understanding of His character and
love for them. Please praythat they continue to develop a deeper love and
knowledge of Jesus.
Lightsharers Iyear 3- Year 6)
On Sunday mornings, Lightsharers have been following the same series as
Splash, exploring the life of Jesus in a way that is tailored to their age
group. Our prayer is that their learning goes beyond head knowledge and
trulytakes root in their hearts. Pleasejoin us in praying that they develop a
real and personal understanding of who Jesus is.
Ignite (Year 7- Year 11)
Ignite meets on Sunday mornings, once a month on a Friday evening at St
Swithin's, and also takes part in a citywideyouth night called A2.
On Sunday mornings, they have been working through the new Alpha
Youth videos, which have sparked meaningful discussions and challenges.
This has been a key opportunity for them to explore their beliefs and make
personal faith decisions. Please pray that the Holy Spirit continues to move
among them as they grow in faith.
Our Friday nights have been a fantastic time of fellowship and fun, creating
a safe space for the youth to build trust with one another and their leaders.
Recently, at a citywide youth event called Deeper, we had the privilege of
hearing from Elle Limebear, Jesse Fellingham. Sarah Yardley, and Xenia,
who led an incredible night of worship and teaching about going deeper
with God. It was truly inspiring to seeyoung people across the city seeking
more of Himl
Toddler Group
Our toddler group is thriving! We are so encouraged by its growth and the
wonderful opportunity it provides to build relationships within our local
community. It has been a blessing both to the families who attend and to
ourteam.
Prayer Requests
Please pray for the children at St swithin,that they would enjoy their
time with us and have open hearts to what God wants to teach them.
Pray for wisdom for our leaders, that they would be able to communicate
God's message in engaging and age-appropriate ways.
We are in need of more volunteers across all teams. Please pray for people
with a heart for children's ministry to come forward, so we can provide a
rich and varied experience for the children in our care.
Thankyou foryour ongoing support and prayersl
Financial Update
David Chambers
Overall, we ended the 2024 financial year with an operating surplus of £12K
achieving our goal of funding our running costs from regular income.
Additionally, we have invested around £38K of our planned 50K on various
building improvements,. carpeting/repainting downstairs, installing LED
lights and refurbishing windows. This is despite the £8K additional cost of
repairing the lead roof, the rest being met by an insurance claim.
Our income was greatly boosted by Hall rental of £28,461- more than £IOK
over budget-together with continued letting of the café which brought in
£14,314 lof which about half is spent on higher utility bills). Planned and
one-off donations Itogether with Gift Aidl are up from £135K to £158K.
Measures have been taken to reduce costs, especially gas and electricity,
by more closely monitoring/controlling energy usage and installing more
eff icient freezers and low power LED lights.
The PCC has approved a budget for 2025 which includes £5,000 of
measures identif led in a recent f ire risk assessment and £6,000 of work
identified in the architect's quinquennial survey report. We intend to
continue our investment program including further refurbishment of
external windows and installation of fixed video cameras for live-
streaming.
I would like to thank all those who support St Swithins through donations
and by volunteering, and to the staff and others who support church
operations behind the scenes. This will be my lastyear as Treasurer during
which it has been a pleasure to work alongside the staff team, PCC and
congregation in such a thriving environment.
Bal b/fiNd Income & Expenditure Bal c/fwd
In124 (£) Gains {£) & Losses (£) 31112124
Unrestricted
Unrestricted 200,763
PCC General
Fund
Buildings
Maintenance
Designated
Fund
Restricted
Overseas
Mission
Endowment
Monument
Fund
Total Funds 242,695
261,387
1286,9151
175,235
19,000
19,000
13,881
13,881
9,051
9,051
261,387
1286,9151
217,167
The PCC
Anne Cameron
PCC Membership 202412025
Ex Off icio members: Tim Gleghorn IFlectorl, Fiebecca Armstrong
Ichurchwardenl, Alastair Gibson Ichurchwardenl
Elected members: Brenda Carter, David Chambers ITreasurerl, Dan Darwin,
MatthewJudd, Andy Waterman
Secretary.. Anne Cameron
PCC meets every other month,. discussions this year have focussed
significantly on ongoing renovations to the church building, and it has
been encouraging to see the results of renovations to the crypt, which
included replacing the floor, redecorating and installing LED lighting.
Many thanks to all who have supported this work.
The PCC have received regular financial reports from David Chambers
(Treasurer) and operations updates f rom the Operations Committee. We
are grateful to all of them for their hard work and clear information.
The PCC supported lots of the initiatives thisyear and planned for the year
ahead, including the Summer Series for Life Groups, and the Church Away
Day in September. The PCC would like to thank everyone involved in giving
their time to help the community of St Swithin's grow and thrive in the
past year.
The PCC will be having an Away Morning in May to pray together and
discuss the church's vision for the coming year and the next phase of the
renovations. We are particularly interested in how our vision will develop
over the coming years as our site develops and we look to expand our
outreach. Prayer for these plans is greatly appreciatedl
We thank those who are stepping down from the PCC this April for their
service. Prayer would be welcomed for any new members elected at the
APCM and for the year ahead that we can continue the good work of St
Swithin's.
Church Operations
Alastair Gibson
You may not be aware ofjust how much goes on'behind the scenes, to
keep a church like St Swithin's operatingl The PCC has overall responsibility
but, a few years ago, we set up an Operations Committee, which reports to
the PCC, to deal with the'nitty gritty, aspects of church life, such as
finance, building management and policies. Its members comprise the
Rector, Churchwardens, Treasurer and Operations Manager.
The last year has been very busyl Here's a snapshot of some aspects..
A review and'overhaul, of church policies, which is ongoing. These
cover such matters as Safeguarding, Health and Safety, Social Media
and Finances.
A Fire Fiisk Assessment by arn independent assessor, leading to the
preparation of a new Fire Safety Policy, and guidelines for external
users. Some alteration and improvement works to the building are
also required, which are in the process of being implemented.
Works to the roof above the vestry after theft of lead. Plaster repairs
and redecoration of North stairwell.
External painting of the windows on the south side of the church.
Some additional stone repairs revealed by high level inspection off
scaffolding.
Repair of stone parapet above loldl church office and plaster repairs
and painting of south stairwell.
Replacement of carpeting in crypt with L.
Programme of replacing light fittings with LED'S.
Obtaining faculty approval for a new servery in the main body of the
church.
In addition, we had our five-yearly inspection Iquinquenniall by the Church
Architect thisyear. This confirmed that the church is generally in good
condition but, inevitably with a building of this age, there is some more
work required. This is being included in a three-year maintenance and
upgrade plan.
My thanks to the members ofthe committee for their hard work in
ensuring that we responsibly steward the resources that we have been
entrusted with, both in terms of the church building and the giving of
church members.
Please contact me if you would like further detail on any aspect.
Open Door
Janet Cornish, Sandy Gooding and Melanie Wortham
This is our new name for a group that's been meeting for a while but we
hope it reflects more accurately what we are about rather than'midweek
Gatherings,. We meet on an ad hoc basis and all are welcome ifyou
happen to be free during the day, usually but not always on a Monday.
Over the lastyear our afternoons have covered a wide range of topics
including Deaf Awareness, watching the films'The Two Popes, and 'One
Life,, sharing ideas about prayer, afternoon tea with musical
accompaniment from one of our teenage youngsters, our Christmas
Celebration meal with carol singing and hearing Tim's sabbatical
reflections. Oh, and we had a day out to the American Museum where
Nicola gave us a guided tour of the garden. All our events include tea and
cake and we hope the new name reflectsthe fact we really are open to
anyone joining us whetheryou're a member of St Swithins or if you have a
friend, neighbour, colleague or family member you think might appreciate
some hospitality and inputll
Sandy, Melanie and Janet would be very happy to tell you more if you have
any questions. The door is always open.
Come to the Table
Nicola Stuffins
We continue to meet on the first Wednesday each month. at Midday, for a
simple service of Holy Communion followed by lunch together. Our
numbers have been growing over the last year and we have a faithful
group of around 12 who join us regularly. To minimise the impact on the
Honey Café we now prepare and serve our lunch upstairs. With our new
arrangement we move from sharing the Lord's supper together at the
front of the church to sitting around tables at the back of the church which
beautifully echoes our fellowship and community together in Jesus.
In 2024 our teaching was centred around the theme"Follow me" using
lessons on discipleship from Mark's Gospel. In 2025 we have the theme
"Real wisdom for real life" based on Proverbs. It has been lovely to give
some church members the opportunityto preach for the first time to a
small and welcoming congregation. We have also appreciated Peter
Norman's regularly leading our communion service, particularly his
committed support during Tim's sabbatical.
l also have to mention the lunch which is always delicious and say thanks
to Janet Cornish for cooking our soup and sweet things and lenny Griff iths
Isnrl for her practical help serving and tidying up. If you are free on a
Wednesday lunchtime do come a join us around the table.
The Prayer Tree
Brian May
The'prayer Tree, has had quite a busy year with requests coming I spurts
then a few weeks of silence. What always puzzles me is when I hear of
church members having falls or illness and yet they do not seek the power
of prayer. For me to hear about someone needing prayer is not enough. I
need their approval to publicise it on the prayer tree.
At the time of writing I have been preparing for our'Life Group" and was
reading Acts 4.23-31. When the believers prayed, first they praised God.
Then they told God their specific problem and asked God for help. They did
not ask God to remove the problem, but to help them deal with it. This is a
model for us to follow when we pray. We may ask God to remove our
problems, and he may choose to do so, but we must recognise that often
he will leave the problem in place and give us the grace to deal with it.
At present we have a team of twenty five mostly using Whatsapp, which
gives instant access. We could always do with more people in our group so
if you feel that little'ding, will not upset your day, please text 07974387782
giving your name and number to me, Brian May.
Global Partners, Update
Brenda Carter. Nicola Stuff ins, Rosemary Bird
After three years of leading our Global Partners team, we recognise the
need to make some changes.
We have held regular events throughout this time; inviting representatives
of our Global Partners tojoin us when possible, to learn more of the work
they are doing in different parts of the world and to pray for them.
In order to more effectively engage the church membership with this
important aspect of our church life, we are reducing the number of Global
Partners to the four with whom we have strong relationships plus one local
partner Isee below). We believe this will enable us to build stronger and
deeper relationships with them, both prayerfully and financially, and
hopefully engage many more church members.
We look forward to welcoming our partners during 2025 whenever
they are able to join us.
We plan to help church members to connect with our Partners via
WhatsApp Broadcast Iwhere no reply is necessary), Facebook, or
newsletters.
We encourage life groups to adopt a partner, get to know them and
pray for them.
We hope to keep the church family up to date in'connected,
and also to have a'mission Sunday,.
The team is happy to visit a life group to give a fuller picture of our
partnerships.
If you would like tojoin the team, please speak to Brenda or Nicola.
Our Global Partners.
Paul & Alison Guinness. Burundi. Leadership training in mobilising
mission worldwide.
Katia Rock. Brazil. Church planting. Evangelism.
CHIT. Children's Home. India. Christ-centred residential care and
education.
The Warehouse. South Af rica. Serves the Church in its response to
poverty, injustice and division.
Local Partner: Genesis. Support for homeless and vulnerable people.
Near Neighbours Update
Keith Stuff ins
In this year's report I've chosen to focus on the activities of "Wild Walcot..
Wild Walcot was set up to link together all the green corners in this urban
corridor of Walcot Street, as well as encouraging the establishment of any
new ones.
Opposite Harvest is a small community garden, which was the first area to
be nurtured by Wild Walcot. The small trees, shrubs and herbaceous
planting, among benches, raised beds and pallet fences, make a much-
used oasis for passers-by.
The community-minded staff at Age UK in Beehive Yard have put in two
beehives opposite their off ice. The profits f rom the honey they are now
selling is donated to Wild Walcot to buy more plants.
Up and down the street there are around ten wooden planters, which get
restocked each year. As well as furthering the greening of the street
visually, our pollinators are also encouraged.
Jeanette is doing her bit for Wild Walcot by successfully re-wilding her
back garden (which exits onto Walcot Street). In June I was strimming her
lawn. When I raked up the long grass I found I had cut down a tall
flowering spike of a bee orchid. The orchid tuber must have been under
the lawn for over forty years waiting to flowerl
At the entrance to Walcot Gate is Walcot Chapel. Enthusiastic near
neighbours are putting in effort to turn the graveyard they look at into a
wild flower meadow.
Less visible from the street is the St. Swithin's wild flower meadow, in the
corner of the south garden. Our Wild Church children very successfully
sowed yellow rattle seeds. In summer '24 there was a brilliant showing of
this vital meadow plant.
Then at the top of the street we link up with the big green space of
Hedgemead Park. The Friends of Hedgemead Park have a band of
volunteers who do great work for the community. As well as offering my
input, I get lots out of being part of this community in Walcot Street.
.all things were created by him and for him. He is before all things and in
him all things hold together." Colossians l'.16-17
CreativitylnAction
Sheila Andrews
Last June I put on an Art Show, CreativitylnAction together with Pete
Flogers and Nicola Stuff ins.
We were able to include all 22 exhibits showing a wide range of entries
from painting, drawing, printing, installations, arts and craft, a light show
and more in the church auditorium.
It was amazing.
Five of the entries were from the talented young people in the church.
We had over a hundred visitors and many new connections were made
amongst the Artists and visitors.
Than you all so very much for your support of this venture.
Thanks to Jenny Griff ith Snr, Jeanette Self and Janet Cornish for help with
providing ref reshments.
# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
**REGISTERED CHARITY NUMBER: 1142099**
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 6|Trustees' Report|
|Page 7|Statement of Financial Activities|
|Page 8|Balance Sheet|
|Pages 9 to 19|Notes to the Financial Statements|
|Page 20|Independent Examiner's Report|
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1142099 **WORKING NAME** Walcot PCC **DATE OF REGISTRATION** 25th May 2021 **START OF FINANCIAL YEAR** 1st January 2024 **END OF FINANCIAL YEAR** 31st December 2024 **TRUSTEES AT 31ST DECEMBER 2024** Revd Tim Gleghorn (Chair) David Chambers (Treasurer) Matthew Judd Andy Waterman Alastair Gibson Dan Darwin Brenda Carter Rebecca Armstrong Fay Breed (Appointed 28th April 2024) Catherine Harrison-Smith (Resigned 19th July 2024) **RECTOR CURATE** Revd Tim Gleghorn (Chair) **WARDENS** Alastair Gibson Rebecca Armstrong **LEGAL STATUS** Excepted **GOVERNING INSTRUMENT** Trust Deed Dated 26th January 1987 **OBJECTS** Promoting in the Ecclesiastical Parish the whole Mission of the Church. **CORRESPONDENCE ADDRESS** Walcot Church Office St. Swithin's Church The Paragon Bath BA1 SLY **PRIMARY BANKERS** National Westminster Bank Plc 250 Bishopgate London EC2M 4AA **INVESTMENT MANAGERS** CCLA Investment Management Limited One Angel Lane London EC4R 3AB **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **Structure, Governance and Management**
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The appointment of PCC members is governed by and set out in the Church Representation Rules. The PCC is chaired by the Rector, and in their absence the Vice Chair. The PCC has adopted a policy of having no employees in its membership.
The PCC acts as managing trustee for the following charitable trusts:
- The Hickes Memorial Fund
- The Cannings Collins Charity
- The EM Gilmore Church Upkeep and Repair Charity
- The Reverend James Hewitt Bumpstead Charity
- Bath Walcot Parochial Trusts.
In addition, the PCC has the right to nominate two Foundation governors to the governing body of St Andrews Church School. A member of the PCC also acts as trustee for Christchurch, a ‘free’ Church of England church within Walcot Parish.
The PCC does not have a formal induction process for new members. Responsibility for key areas, such as health and safety, disability discrimination and child protection, is devolved to specific members. Members are encouraged to attend relevant training courses, such as those organised by the Diocese of Bath and Wells, on an ad hoc basis, and to keep up to date with relevant legislation in their area of responsibility. Every trustee has completed the Church of England Safeguarding Awareness and Foundation training courses.
The PCC meets, on average, six times a year. Decisions are made on a simple majority basis. The operations committee is delegated to carry out the routine work of the PCC between each meeting. The standing committee is delegated to approve urgent issues on behalf of the PCC on any matters requiring immediate attention. It comprises the two churchwardens, treasurer, PCC secretary (or in their absence an elected member of the PCC) and the Incumbent.
The PCC has policies in place to deal with major risks that it is perceived to be exposed to, namely health and safety, financial irregularities, and child protection. The PCC has appointed Suzi Darwin as Safeguarding Officer.
## **Objectives and Activities**
The aim of the PCC is to cooperate with the minister in promoting in the parish the whole mission of the Church: pastoral, evangelistic, social, and ecumenical.
Church members are involved in a wide range of activities aimed at delivering our objectives and purpose statement. Among these is regular worship on Sunday and midweek at St Swithin’s Church, Sunday morning children’s groups, midweek and Sunday youth groups, midweek life groups, and men’s and women’s groups.
The downstairs kitchen and café area have been sublet to Honey Café Ltd, which serves coffee, cakes and lunches, Tuesday to Saturday each week. This has opened up the building and made it a welcoming community venue throughout the week and is proving to be a success.
The three staff continue to support the Rector to develop and deliver the administrative and pastoral aspects of the church.
## **Financial Review**
The PCC has prepared the 2024 accounts on the accruals basis. Unrestricted funds show a net deficit in the year of £ 26,609 before gains on investments.
At the end of the year the unrestricted funds totalled £ 195,235 of which £19,000 has been designated as a Building Maintenance Fund by the PCC.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
At 31 December 2024 the unrestricted funds were made up of:
- Tangible fixed assets £1,271.
- CBF Investment Shares valued at £48,325.
- Bank and short-term deposits £169,586.
- Debtors £3,909.
- Net of short-term creditors of (£3,870) and deferred income of (£2,000).
## **Restricted Funds**
Part of a legacy received in 2019 is restricted to supporting overseas missionary activities; there have been no expenses in 2024 and the balance in this fund remains at £13,881. The interest income was added to our general funds and spent on outgiving.
## **Endowment Funds**
The balance of £9,051 at the end of the year represents the endowed Monument Funds.
Income from shares held by the diocese is required to be spent, first on maintaining the graveyards, with any surplus spent on church building maintenance. There was no expenditure required for graveyard maintenance and so all dividends received were added to the General Fund and paid out in full towards building maintenance.
## **Plans for Future Periods**
## **Building and Infrastructure Review**
The Quinquennial Report (five-yearly review of building condition) was completed in 2024 and the recommended maintenance has been planned in phases. There were no major surprises that would require significant previously unforeseen expenditure.
## _**Financial Stability**_
Following a review of the financial position at the end of 2024, the PCC approved a medium-term financial plan with two main themes:
- 1) Invest excess reserves to repair and improve the church building over the following three years.
- 2) Campaign to increase income sufficiently to eliminate our annual deficit by the end of 2025.
We continued to invest in the building, spending over £40,000 in various improvements including refurbishing the west windows, roof repairs and internal redecoration.
The target to eliminate the operating deficit was reached in the current financial year – a year early. Hall letting income significantly increased reaching more than £10,000 over budget, combined with letting income from Honey Hut who continued to operate a café downstairs. Income from donations was similar to the previous year and is supplemented by a high proportion qualifying for Gift Aid. The PCC is very grateful to all its supporters and has been pleased to see wider community use of the building.
## _**Local Partnerships**_
We remain committed to working in partnership with local communities and organisations.
## **Reserves Policy**
The PCC has agreed that we should retain a long-term unrestricted reserve of three months of current expenditure (now being around £60,000), which is felt to represent a sensible balance between prudence and faith. This is in addition to a designated building fund of £19,000 and any restricted or endowment funds.
## **Investment Policy**
It is our policy to invest cash balances that are not required to fund current working capital requirements with the CBF Church of England Deposit Funds. In addition, we have funds invested in CBF Investment Fund Income Shares to generate annual dividend income.
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## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **Statement of Trustees’ Responsibilities**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable Law and the Generally Accepted Accounting Principles (GAAP) including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The Law applicable to Charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgments and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on …………………………………………………………………………………………………………………
Signed on their behalf by Trustee ……………………………………………………………………………………………………………
Printed Name:
6
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024**
|||Unrestricted|Restricted|Endowment|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
||**Notes**|Funds|Funds|Funds|**2024**|**2023**|
|||£|£|£|£|£|
|**INCOMING RESOURCES**|||||||
|**Incoming Resources from Generated Funds**|||||||
|Donations, Grants & Legacies|**3a**|181,219|-|-|181,219|166,415|
|Investment Income|**3b**|15,175|-|-|15,175|10,058|
|Charitable Activities|**3c**|45,496|-|-|45,496|23,751|
|Other Incoming Resources|**3d**|18,416|-|-|18,416|711|
|**TOTAL INCOMING RESOURCES**||**260,305**|**-**|**-**|**260,305**|**200,935**|
|**RESOURCES EXPENDED**|||||||
|**Costs of Generating Funds**|||||||
|Cost of Charitable Activities|**4a**|285,745|-|-|285,745|225,554|
|Governance Costs|**4b**|1,170|-|-|1,170|1,140|
|**TOTAL RESOURCES EXPENDED**||**286,915**|**-**|**-**|**286,915**|**226,694**|
|**NET INCOMING (OUTGOING) RESOURCES**||**(26,609)**|**-**|**-**|**(26,609)**|**(25,759)**|
|Funds Brought Forward||219,763|13,881|9,051|242,695|264,391|
|Gains/(Losses) on Investments|**9**|1,082|-|-|1,082|4,063|
|**TOTAL FUNDS CARRIED FORWARD**||**194,235**|**13,881**|**9,051**|**217,167**|**242,695**|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 19 form part of these financial statements.
7
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **BALANCE SHEET AS AT 31ST DECEMBER 2024**
|**Note**
**Fixed Assets**
Tangible Assets
**2**
Investments
**9**
**Total Fixed Assets**
**Current Assets**
Debtors & Prepayments
**11**
Cash at Bank and in Hand
**10**
**Total Current Assets**
**12**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**13**
**NET ASSETS**
**Funds of the Charity**
General Funds
Designated Funds
**6**
Restricted Funds
**7**
Endowment Funds
**8**
**Total Funds**
**Creditors:**Long Term Liabilities
**Creditors:**Amounts due within one year|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-24**
**31-Dec-23**
£
£
**£**
**£**
1,217
-
1,217
2,433
39,274
9,051
48,325
47,243
**40,490**
**9,051**
**49,541**
**49,676**
3,910
-
3,910
1,899
155,705
13,881
169,586
200,756
**159,615**
**13,881**
**173,496**
**202,655**
5,870
-
5,870
9,636
153,745
13,881
167,626
193,019
**194,235**
**22,932**
**217,167**
**242,695**
-
-
-
-
**194,235**
**22,932**
**217,167**
**242,695**
175,235
-
175,235
200,763
19,000
-
19,000
19,000
-
13,881
13,881
13,881
-
9,051
9,051
9,051
**194,235**
**22,932**
**217,167**
**242,695**|
|---|---|
Approved by the Trustees on …………………………………………………………………………………………………………………
Signed on their behalf by Trustee ……………………………………………………………………………………………………………
Printed Name:
8
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## _**Basis of Preparation**_
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## _**Assessment of Going Concern**_
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## _**Changes in Accounting Policies and Methods of Accounting**_
There has been no change to the accounting policies (variation rules and methods of accounting) since last year.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
9
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **1. ACCOUNTING POLICIES (continued)**
## **Incoming Resources (Continued)**
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value.
## _**Investment Income**_
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted Funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report.
## _**Restricted Funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated Funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Endowment Funds**_
These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted.
10
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Pensions**_
The church operates a defined contribution pension scheme. Contributions are accounted for as they become payable in accordance with the rules of the scheme.
## _**Parish Share**_
The diocesan parish share is accounted for when due.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixture, Fittings & Equipment Cost
10% - Straight Line Basis
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Jan-24
Additions
Net Book Value at
31-Dec-24
Depreciation
01-Jan-24
Charge
Depreciation at
31-Dec-24
Net Book Value
31-Dec-24
Net Book Value
31-Dec-23|Fixtures
Fittings &
**Total**
Equipment
**2024**
£
£
13,342
13,342
-
-
13,342
13,342
10,909
10,909
1,216
1,216
12,125
12,125
**1,217**
**1,217**
**2,433**
**2,433**|
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2024: None
31st December 2023: None
11
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Church House Trust
Collections
Gift Aid Tax Recovered
Gifts & Donations
Grant Income
Legacies
Planned Giving
**b) Investment Income**
Dividends
Interest
**c) Charitable Activities**
Church Events
Fees Paid to PCC
Letting of Church Building
**d) Other Incoming Resources**
Insurance Claim
Sundry Income|Unrestricted
Restricted
Endowment
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024**
**2023**
£
£
£
£
£
15,600
-
-
15,600
18,100
655
-
-
655
1,552
28,084
-
-
28,084
21,117
12,958
-
-
12,958
21,263
4,627
-
-
4,627
959
-
-
-
-
359
119,295
-
-
119,295
103,065
**181,219**
**-**
**-**
**181,219**
**166,415**
5,315
-
-
5,315
5,365
9,860
-
-
9,860
4,693
**15,175**
**-**
**-**
**15,175**
**10,058**
1,547
-
-
1,547
647
1,174
-
-
1,174
1,352
42,776
-
-
42,776
21,752
**45,496**
**-**
**-**
**45,496**
**23,751**
18,373
-
-
18,373
-
43
-
-
43
711
**18,416**
**-**
**-**
**18,416**
**711**|
|---|---|
12
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **4. RESOURCES EXPENDED**
|**Note**
**a) Cost of Charitable Activities**
Building Running & Maintenance Costs
Church Events
Clergy & Staff Costs
**15**
Depreciation Expense
**2**
Donations & Grants
**5**
Fees to Diocese
Ministry & Administrative Costs
Parish Share
Sundry Expenses
Training Costs
**b) Governance Costs**
Independent Examiners Fees
**12**
Legal & Professional Fees|Unrestricted
Restricted
Endowment
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024**
**2023**
£
£
£
£
£
103,718
-
-
103,718
47,714
1,850
-
-
1,850
1,862
64,890
-
-
64,890
67,158
1,216
-
-
1,216
1,216
13,249
-
-
13,249
12,976
-
-
-
-
434
6,937
-
-
6,937
7,236
93,254
-
-
93,254
84,522
374
-
-
374
1,088
256
-
-
256
1,348
**285,745**
**-**
**-**
**285,745**
**225,554**
1,170
-
-
1,170
960
-
-
-
-
180
**1,170**
**-**
**-**
**1,170**
**1,140**|
|---|---|
## **5. DONATIONS & GRANTS TO CHARITIES**
The PCC has a policy of making grants to Christian missionary organisations and charities. The grants and pledges are analysed below:
|Burundi Mission
Children's Homes in India Trust
Church Mission Society
Churches Ministry among Jewish People
Genesis Trust
STEPS UK
Tearfund
The Warehouse Trust
Urban Saints
Various Gifts
Wycliffe Bible Translators|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
£
£
840
-
840
1,070
3,000
-
3,000
3,000
3,000
-
3,000
3,560
504
-
504
504
504
-
504
504
-
-
-
250
504
-
504
504
3,000
-
3,000
3,000
252
-
252
-
1,141
-
1,141
80
504
-
504
504
**13,249**
**-**
**13,249**
**12,976**|
|---|---|
13
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **6. DESIGNATED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Building Maintenance Fund
**PREVIOUS FINANCIAL YEAR**
Building Maintenance Fund|**Balance**
**Balance**
**01-Jan-24**
Income
Expenditure
Transfers
**31-Dec-24**
£
£
£
£
£
19,000
-
-
-
19,000
**19,000**
**-**
**-**
**-**
**19,000**
**Balance**
**Balance**
**01-Jan-23**
Income
Expenditure
Transfers
**31-Dec-23**
£
£
£
£
£
19,000
-
-
-
19,000
**19,000**
**-**
**-**
**-**
**19,000**|
|---|---|
The PCC has designated funds from ordinary Unrestricted Funds. The Buildings Maintenance Fund has been designated to meet the future planned maintenance costs for St Swithins Church.
Designated Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
## **7. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Overseas Mission Fund
**PREVIOUS FINANCIAL YEAR**
Overseas Mission Fund|**Balance**
**Balance**
**01-Jan-24**
Income
Expenditure
Transfers
**31-Dec-24**
£
£
£
£
£
13,881
-
-
-
13,881
**13,881**
**-**
**-**
**-**
**13,881**
**Balance**
**Balance**
**01-Jan-23**
Income
Expenditure
Transfers
**31-Dec-23**
£
£
£
£
£
13,881
-
-
-
13,881
**13,881**
**-**
**-**
**-**
**13,881**|
|---|---|
The Overseas Mission Fund represents a restricted legacy that must be used to support Overseas Mission activities.
The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
14
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **8. ENDOWMENTS FUNDS**
## **CURRENT FINANCIAL YEAR**
|Memorial Fund
**PREVIOUS FINANCIAL YEAR**
Memorial Fund|**Balance**
**Balance**
**01-Jan-24**
Income
Expenditure
Transfers
**31-Dec-24**
£
£
£
£
£
9,051
-
-
-
9,051
**9,051**
**-**
**-**
**-**
**9,051**
**Balance**
**Balance**
**01-Jan-23**
Income
Expenditure
Transfers
**31-Dec-23**
£
£
£
£
£
9,051
-
-
-
9,051
**9,051**
**-**
**-**
**-**
**9,051**|
|---|---|
The Endowment was provided to the Charity as a Permanent Endowment and Total Return Investment. The income and realised gains derived from the Endowment can be used by the Charity to fund repairs and maintenance of St Swithins Church to the extent that the designated graves have been kept in a reasonable condition of repair.
The Memorial Fund represents the permanent endowment for maintenance of certain graves and monuments located in the closed cemetery at Lansdown. The income from the endowment is available to fund repairs and maintenance of St Swithins Church to the extent that the designated graves have been kept in a reasonable condition of repair.
Endowments Funds are wholly represented by the Charity's Fixed Asset Investments and are to be expended as specified above.
15
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **9. INVESTMENTS**
## **CURRENT FINANCIAL YEAR**
|CBF Investment Fund
**PREVIOUS FINANCIAL YEAR**
CBF Investment Fund
Market Value
01-Jan-24
Additions
Disposals
Profit/(Loss) on Investments
Market Value
31-Dec-24|**Balance**
Profit/(Loss)
Additions/
**Balance**
**01-Jan-24**
On Investment
(Disposals)
**31-Dec-24**
£
£
£
47,243
1,082
-
48,325
**47,243**
**1,082**
**-**
**48,325**
**Balance**
Profit/(Loss)
Additions/
**Balance**
**01-Jan-23**
On Investment
(Disposals)
**31-Dec-23**
£
£
£
43,181
4,062
-
47,243
**43,181**
**4,062**
**-**
**47,243**
CBF
Investment
Unrestricted
Restricted
**Balance**
Fund
Fund
Fund
**31-Dec-24**
£
£
£
**£**
47,243
38,192
9,051
47,243
-
-
-
-
-
-
-
-
1,082
1,082
-
1,082
**48,325**
**39,274**
**9,051**
**48,325**|
|---|---|
## **CBF Investment Fund**
The Charity holds investments with the CBF Investment Fund and the original indexed book investment as at the 1st January 2024 was £47,243.77. The Charity holds 2089.92 Shares with the CBF Investment Fund with a mid market value of £23.1227 per share and a balance of £48,324.59 as at the 31st December 2024.
16
## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **10. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-24**
**31-Dec-23**
£
£
**£**
**£**
155,705
13,881
169,586
200,756
**155,705**
**13,881**
**169,586**
**200,756**|
|---|---|
## **11. DEBTORS AND PREPAYMENTS**
|Gift Aid Tax Recoverable
Sundry Debtors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-24**
**31-Dec-23**
£
£
**£**
**£**
2,374
-
2,374
1,834
1,536
-
1,536
65
**3,910**
**-**
**3,910**
**1,899**|
|---|---|
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Deferred Income
Independent Examiners Fees
Sundry Creditors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-24**
**31-Dec-23**
£
£
**£**
**£**
2,000
-
2,000
2,434
1,170
-
1,170
960
2,700
-
2,700
6,242
**5,870**
**-**
**5,870**
**9,636**|
|---|---|
## **13. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial year.
## **14. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-24**
**31-Dec-23**
£
£
£
£
40,490
9,051
49,541
49,676
153,745
13,881
167,626
193,019
-
-
-
-
**194,235**
**22,932**
**217,167**
**242,695**|
|---|---|
17
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **15. STAFF COSTS AND NUMBERS**
|Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities|**TOTAL**
**2024**
£
54,641
4,370
5,880
**64,890**
**TOTAL**
**2024**
3|**TOTAL**
**2023**
£
56,830
4,317
6,011
**67,158**
**TOTAL**
**2023**
3|
|---|---|---|
The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000 (2022:None).
The PCC makes a 10% employers contribution to a defined contribution pension scheme for 3 employees (2023: 3 employees).
The PCC consider themselves to be the key management personnel of the charity. No benefits were paid to key management personnel of the charity during the year (2023:None)
## **16. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES**
During the financial year Mrs Bryony Waterman (Spouse to Trustee Mr Andy Waterman) received £16,538 (2023:£15,750) in staff costs in relation to administrative services provided to Walcot PCC in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
During the financial year Mrs Suzanne Darwin (Spouse to Trustee Mr Dan Darwin) received £19,463 (2023:£18,536) in staff costs in relation to administrative services provided to Walcot PCC in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
The only other payments made to the Trustees related to reimbursements of expenses incurred in furthering the Charity's objects. The Trustees were reimbursed for £1,946 of expenses for travel, training and incidental costs in furtherance of the Charity's objects (2023: £3,203).
No other payments were made to the Trustees or any persons connected with them during this financial year. No other material transaction took place between the organisation and a Trustee or any person connected with them.
## **17. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **18. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Trustees aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **19. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the Charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the Charity should undertake.
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## **THE PAROCHIAL CHURCH COUNCIL OF**
## **THE ECCLESIASTICAL PARISH OF WALCOT, BATH**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
Report to the trustees/ members of the Parochial Church Council of the Ecclesiastical Parish of Walcot, Bath on the accounts for the year ended 31st December 2024 set out on pages 7 to 19.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date:
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