IHARITY COMMISSION FOR ENGLAND WAES Indepondent examlnerfs report on the accounts Section A Indopondcnl Exuminer 8 Roport R•port to the tru•1￿ ¢)n •c¢oynts forth•￿ar Iwanyl IL*Z7 S•twrt ￿ p8g•• I r•Fw)rttoth8 tnJthe5 M my ¢x8mYolknn oftho Ar￿￿ts clthe aby dwily nh8 Trusl'l tho y*8r 8n¢Je ba•1• ¢4 r•port •¢x4rts fftaoJxd•n￿M4lh th• r•Wrw￿ts s*th• Chwlvx Act 2011 rtho A(fj. l in mp*t of my eyAMi￿￿Jn of tha TnMf5 ¢xt urthr e•fAiM 145 of the 2011 A¢1 and In carrying Otst rrry examin8Uon, I hawe loky*od OH the wkatle OwEthK)ns 9iwI ty fv C*arlty Comrth uThJ•rM(kn 145(5Xbld tr**A Indyndent trhe th4nty's gross Inrxme ?xc8eded £250,(￿ and l ￿ quakfKd to •￿mIN1r$ slat•m•n¢ uThJortako ihe by bthg a qualffied mmber 0ffin88rt￿m• cl 8Pttstlè11sttrJ WYM. C4*te I l I have rxxnk4eted my examinatith. I fxjnltrm ￿t no mknlJl matt*s t* my ¢XThec￿¢￿ th8 evrrinakn Ic4hw th*) that the 8cwuntS not ac￿ the xwunbng ro(ud8.' C thè ae(y)unis not comrAy the Nurgrrwts (xy￿rn￿ the fcrfm rmtenl of*tourts sol ￿t in Iho Chwttie8 IAcwJnls and RopNtsI Rryulatw)ll8 2D08 othw thon Bny wutrorrenl trw Ihg accour*s gTV8 8 Yru8 w¢J fsit vmch k Tr)t a malter cOrA¥jor￿ 86 pgrt 018n 5nd8por￿an￿ oknirrmnatitil. y￿th lh¢ ¢￿mina￿.0n io atteni￿n Sho￿j t• #ra￿ In thi5 crtEr lo enatle a w4vund8QlèDt*ng accnwts tc rear*ed. Slgrnd: Nam•: AA< 9uallft￿OOn1II •)r bo* ak< iEvÉL ￿ 01fl￿A )Tr) IER Oct 2018 **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|