2024-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Much Wenlock With Bourton

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The Parochial Church Council of the Ecclesiastical Parish of Much Wenlock with Bourton

Registered Charity No. 1142708

Statement of Financial Affairs

For year ending 31st December 2024

	For ye	ar ending 31 st Decem	ber 2024
			2024	2023
	Unrestricted &
	Designated	Restricted	Total	Total
	Fund	Fund	Funds	Funds
	£	£	£	£
Income From:
Donations & legacies	98,864	21,162	120,026	102,638
Charitable Activities		5,372	5,372	4,610
Other related activities 25,114		150	25,264	22,684
Investment	5,439		5,439	2,507
Other income	18,253	2,753	21,006	60
	_____	_	__	__
Total income	147,670	29,437	177,107	132,494
Expenditure on:
Raising funds	1,682		1,682	493
Charitable activities		8,018	8,018	4,171
Other expenditure	166,404	25,663	192,067	121,404
	_____	__	_____	___
Total expenditure	168,086	33,681	201,767	126,068
Net income/exp.	(20,416)	(4,244)	(24,660)	6,426
Totals B/F.	51,172	79,627	130,799	124,373
Nett accruals	___(376)	____	____ (376)	____
Totals C/F.	30,380	75,383	105,763	130,799

The Parochial Church Council of the Ecclesiastical Parish of Much Wenlock with Bourton

Registered Charity No. 1142708

BALANCE SHEET AT 31 DECEMBER 2024

CURRENT ASSETS Bank Current accounts Bank Deposit account Bank CCLA account Cash in Hand Debtors & Prepayments Less Current Liabilities Represented by: - General Designated Mission 2,119 Fabric 4,735 Restricted Bourton 7,984 Sharpen 3,700 Fabric 65,075 Bells -	2024 £ 1,445 17,147 87,507 40 106,140 1,148 107,278 (1,524) 105,764 22,151 2,119 6,460 6,854 16,971 3,900 51,685 7,371 76,759 105,764	2023 £ 2,311 102,457 25,075 40 129,883 2,500 132,383 (1,584) 130,799 42,593 8,579 79,627 130,799

The Parochial Church Council of the Ecclesiastical Parish of Much Wenlock with Bourton

Registered Charity No. 1142708

	Registered Charity No. 1142708	Registered Charity No. 1142708	Registered Charity No. 1142708	Registered Charity No. 1142708
	Statement of Financial Afairs for year ending				31	st December 2024
			2024				2023
		General	Designated	Restricted	Total		Total
		Unrestricted	Unrestricted	Funds	Funds		Funds
Income		£	£	£		£	£
Giving		46,275		330	46,605		48,458
Gift Day		417				417	2,155
Charitable collections				5,372		5,372	9,384
Tax refunds		13,349			13,348		15,234
Donations		49,992			49,992		17,861
Grants		1,600				1,600	4,280
Fees		3,296		150		3,446	8,408
Fund Raising	(Bells)		580	20,832	21,411		7,371
Events		5,112		2,753		7,865
Legacy etc						-	2,500
Herald		14,950			14,950		14,276
Sundry		292				291	60
Bank Interest		1,236	4,203			5,439	2,507
Loan repayment		2,500				2,500	-
VAT Refund		3,868				3,868
Total		142,887	4,783	29,437	177,108		132,494
Expenditure
Distribute Charities				8,018		8,018	4,171
Parish Promise		60,000			60,000		66,296
Staf		9,238				9,238	8,694
Team expenses		4,525				4,525	1,406
Mission expenses		-				-	200
Utilities		9,429		358		9,787	8,860
Insurance		4,296				4,296	5,072
Cleaning		136				136	726
Repair & Replace			41,661	33,680	75,340		5,244
Churchyard Maint.		7,013		2,772		9,786	8,498
Sanctuary exp.		847				847	256
Bellringers exp.		32				32	32
Choir exp.		270				270	207
Admin exp.		657				657	497
Herald exp.		15,039			15,039		14,462
Fund raising		1,682				1,682	493
Sundry		1,915		200_		2,115 _	954
Total expenditure		115,079	41,661	45,027	201,767		126,068

(24,659) 6,426

Movement

Notes to the Financial Statement or year ended 31st December 2024

Notes to the 2024 accounts:

A. Two exceptional items affected the financial year. A replacement organ was ordered with a potential cost approaching £95K. However, this will be covered by a generous donor. The initial deposit of £34,504K plus VAT has been paid by this person. The second stage payment was paid in January 2025. The bells were subject to a major refurbishment at a cost approaching £25K, although this was covered by funds raised by the bellringers.
B. The Wenlock Herald virtually broke even for the year. However, a switch to a different print company from January 2025 will save us several thousand pounds per year, and thus return it to a measure of profitability.
C. Overall net funds saw a major reduction of over £24K as a result of lower income and increased expenditure.
1) The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, governing the accounts of PCCs and with the Regulations “true and fair view” provisions.
2) Unrestricted Funds

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 its own use or spending on a future project.

3) Restricted Funds

These are income funds that must be spent on restricted purposes.

Sharpen restricted fund is a legacy that must be spent on the upkeep of a grave in the Town Cemetery.

The Much Wenlock Fabric fund is a legacy from one parishioner to be spent on the upkeep of the building.

The Bourton restricted fund was a legacy for the upkeep of the churchyard.

4) Designated and Restricted Funds

Designated Fabric Mission Total	As at 01/01/24 £ 6,460 2,119 8,579	Income Expenditure £ £ 29,497 31,222 _ 29,497 31,222	As at NOTES 31/12/24 £ 4,735 2,119 6,854

Restricted

Sharpen 3,900 Bellringers 7,371 580 Fabric Much Wenlock 51,68533,640 20,250 Fabric Bourton 16,971 ______ Total 79,927 34,220	200 3,700 7,951 - 65,075 8,987 7,984 37,388 76,759	200 3,700 7,951 - 65,075 8,987 7,984 37,388 76,759
		76,759

5) Staf Costs Wages and salaries Average no. of employees	2024 £9,237 2	2023 £8,694 2

During the year, the PCC employed a Director of Music and a cleaner (both parttime) but no payments were large enough to attract social security costs and no pension contributions were made.

6) Related Parties

There were no employee benefits to key management personnel in the current or previous years.

No payments or expenses were paid to any PCC member, persons closely connected to them or related persons.

7) Analysis of Transfer between Funds

There were no transfers between funds.

8) Current Assets and Prepayments

Debtors (unrestricted funds) Tax recoverable Prepayments Fees Other debtors Liabilities falling due in one year. Accruals utilities Other creditors Receipts in Advance	2024 £ 1,148 1,148 1,524 1,524	2024 £ 2,500
		2,500 1,584 1,584