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← The Parochial Church Council of the Ecclesiastical Parish of Lancing with Coombes

2024-12-31-accounts

The Parish of Lancing with Coombes Parochial Church Council

Annual Report and Financial Statements 2024

Contents

Annual Report ............................................................................................................................................ Page 2 Administrative Information .................................................................................................. Page 2 Aims, Purpose and Objectives………………………………………………………………………..Page 3 Achievements and Performance ........................................................................................ Page 4 Church Attendance .................................................................................................................. Page 4 Deaths in 2024........................................................................................................................... Page 4 Review of the Year ................................................................................................................... Page 4-5 Financial Review ........................................................................................................................ Page 6 Reserves Policy .......................................................................................................................... Page 6 Financial Statements ................................................................................................................................ Pages 7-18 Summary of Receipts and Payments ................................................................................. Page 8 Statement of Assets and Liabilities ..................................................................................... Page 9 Report of the Independent Examiner ............................................................................................... Page 18-19

Incumbent (Address for Correspondence):

The Reverend Felix Smith, St Michael’s Vicarage, 117 Penhill Road, Lancing BN15 8HD

Independent Examiner:

Brian Surridge - Bolden and Long, 36a Goring Road, Worthing, BN12 4AD

Bankers:

CAF Bank 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA

Address for Correspondence:

St James the Less, 67 Manor Road, North Lancing, BN15 0HB

Website:

www.chalkspringschurches.org.uk

1

Parochial Church Council of Lancing with Coombes Annual Report for 2024

Administrative Information

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Lancing with Coombes is a registered charity with the Charity Commission (number 1145807). Its governing document is the Parochial Church Councils (Powers) Measure 1956, and the Church Representation Rules 2022. The Parish is part of the Diocese of Chichester and the Deanery of Worthing within the Church of England.

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

Ex-officio Members:

Father Felix Smith (Chairman and Parish Priest)

Father Ian Edgar (Associate Vicar) .................................................................................................... Resigned August 2024 Father Ben Scott (Assistant Curate) Mr Peter Bowers (Churchwarden) ...................................................................................................... Until 2025 Mr Roger Frewin (Churchwarden) ...................................................................................................... Until 2025 Miss Jacqueline Harwood (Deanery Synod Representative) ................................................... Until 2026 Mrs Pamela Durrant (Deanery Synod Representative) .............................................................. Until 2026

Elected Members:

Mrs Amanda Hughes (PCC Secretary and Treasurer) Mrs Margaret Cooper Mrs Carol Packham Mrs Sue Holland Dr David Starbuck Mrs Doreen Bashford Mrs Wendy Bowers Mr Richard Doran Mrs Jenny Flake Mrs Judith Rawlinson Mrs Patricia Phillips (Parish Safeguarding Officer)

Co-opted Members:

None

Standing Committee:

Father Felix Smith (Chairman) Father Ben Scott Mr Peter Bowers (Churchwarden) Mr Roger Frewin (Churchwarden) Mrs Amanda Hughes (PCC Secretary and Treasurer) Mrs Judith Rawlinson Mrs Jennifer Flake

Structure, Governance and Management

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent/priest-in-charge, curate, lay readers licensed to officiate in the church), the churchwardens and members of the Deanery, Diocesan or General Synods and 12 members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.

2

Our aims and purposes as a charity:

Lancing with Coombes Parochial Church Council (PCC) has the responsibility of cooperating with the Vicar, Fr Felix Smith, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of St James the Less Church and Coombes Church both Grade 1 listed buildings.

What we planned to do to achieve our objectives:

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Lancing with Coombes. When planning our activities for the year, we have considered the Chairty Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion.

For this year we discussed and planned the following objectives and activities to fulfil our aims:

3

Achievements and performance

Church attendance

On 31 December 2024 there were 103 names on the church electoral roll, 59 of which are of people resident within the parish. Two names were removed during the year. The average Sunday attendance was 45 adults and 1 child at St James and 6 Adults and 3 Children at Coombes. (based on October attendance figures).

Deaths 2024

From the Electoral Roll, the PCC was sad to say goodbye to Elizabeth (Betty) Woods,

Review of the Year

Father Ian Edgar, Associate Vicar left the Parish in August to take up a new post at All Saints Sidley in Bexhill, he had been on sickness leave since December 2023. During this time Lancing with Coombes have been in a process of adapting to being part of the wider Chalksprings Group of Churches and their relationship with Father Felix the Incumbent and Parish of South Lancing and Sompting has grown beneficially.

  1. The PCC held six ordinary meetings during the year. During The year the Parish reviewed their Mission Action Plan (MAP) which has become a focus for discussion and action through the year. The sections of the MAP follow those of the Diocesan Strategy – Church Growth, Reimagining Ministry and Contributing to the Common Good.

  2. Safeguarding has continued to be a permanent agenda item. We have complied with the duty to have due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults under section 5 of the Safeguarding and Clergy Discipline Measure 2016. People working with children and vulnerable adults have attended online training sessions as appropriate to their roles with further support given as necessary. Safer Recruitment guidelines have been followed with recruitments to all posts either new or as roles becomes vacant.

  3. Services: Regular Sunday and weekday services have been maintained. Attendance has remained constant. The number of funerals (8) remains steady. Numbers of baptisms (9) is lower than previously, and the number of weddings (1) remains low. Attendance at both Christmas and Easter was down on the previous year.

During the year we have welcomed Bishop Martin to dedicate and bless the new community space. And Archdeacon Luke to celebrate and preach, we also hosted the Worthing deanery Confirmation which Bishop Martin presided at with the Confirmation of our own candidate Jack Chandler.

We remain grateful to our retired clergy, Canon Michael Hart and Revd Gerald Kirsch, for the support they give to the licensed clergy and wider congregation through regularly leading services and preaching. The ordination of Father Ben Scott to the priesthood took place at St Saviour’s, Eastbourne in June with his first Mass at St Michael’s the day after.

The regular pattern of services has been maintained across the parish 10.30am Sunday Sung Parish Mass at Saint James, and second Sunday 9am Mass at Coombes. Midweek Mass on Wednesday at 11am have continued, there was a brief pause in the offering of Morning Prayer following Father Ian’s Departure this now continues daily led by the laity. The Church remains open each day for private prayer and the lighting of candles.

Members of the congregation have continued to take part in the monthly Ecumenical Morning Prayer and breakfast with people from all the churches in Lancing and Sompting and hosted a prayer for unity in the week of prayer. In common with many other churches in the diocese we followed the diocesan Lent course as part of the Year of the New Testament. Ten of us went on our annual parish pilgrimage to the Shrine of our Lady of Walsingham.

We held, our annual Requiem Mass for All Souls in November and invited all those whose funerals had been taken by the clergy over the last year. Home Communion has been made available to housebound parishioners and those in Residential Care in the parish by the Parish Priest, Curate and Lay Ministers of Communion.

4

The prayer ministry team continue to co-ordinate the prayer chain for people to request prayers, the prayer tree, they organised two days of prayer and restarted the offering of prayer ministry following the Sunday Mass on selected weeks.

  1. Church Growth: Our regular Coffee and Cake gathering continued to run during the building works in the Scout Hut and has since moved back to the new Community Space this welcomes over 30 people each month. Each add their own something to the social and spiritual life of the parish. We have also started a coffee morning raising money for charity approx. every six weeks and also a monthly craft morning. Promotion of all groups has been made through posters, leaflets and social media.

An Alpha course run by Marion and David Peskett, and Cathy Allen was open to everyone across the Chalksprings Churches. They all enjoyed a Holy Spirit Day at the Bishop’s Palace, Chichester.

The Parish benefit from a Parish Administrator, Heather Crookes. Heather’s employment assists in lifting some of the administrative burden from the clergy and helping to streamline and develop working processes and practices. Heather now oversees the management of the community space which includes overseeing bookings and invoicing for use. Heather is employed by the Parish of South Lancing and Sompting and Worthing Deanery as Parish Administrator and Deanery Development Officer. There are Service Level Agreements in place for this work.

  1. Reimagining Ministry: During the Year the PCC commissioned its overdue Quinquennial Inspection which was carried out by the Architect. The development of the Community Space and Choir Vestry was the Major building work undertaken during the 2024 year. We held a launch event in August with Lady Colin Campbell. We continued to care for the Churchyards at St James and Coombes and held successful Churchyard days where volunteers helped to tidy up certain areas.

Robin Reeve received the Order of Saint Richard at Chichester Cathedral for his longstanding commitment to Coombes Church.

A stewardship campaign was launched with presentations given by the Treasurer from St Micheals. Responses were received from 23 of those who received information packs. Whilst the campaign was successful in encouraging existing givers on the Parish Giving Scheme to review their giving and did result in some new joiners to the Parish Giving Scheme, it wasn’t totally successful in encouraging those who are regular attenders but currently giving using the contactless card machine or using gift aid envelopes to convert to using the Parish Giving Scheme. Contactless giving devices are available at St James and alternative ways of giving have been explored at Coombes. Both churches have online giving sites.

  1. Contributing to the Common Good: Our Charitable giving in 2024 was £1144 raised through individual donations, and collections at service including the Christingle Services. Some incidental support for other charities including Turning Tides and Lancing and Sompting Churches Foodbank.

We have continued links with schools in the parish. Father Ben is Chair of Governors at The Globe Primary School. The Globe Primary held their Christmas Carol Service at St James. In his capacity as Rural Dean, Fr Felix is also a Governor of St Andrew’s CE High School, Worthing and is Vice Chair of a School in South Lancing Parish. We welcomed classes for visits from North Lancing and The Globe and the former once again held Carol Services in Church.

Since August and the Opening of the Community has been marketed as a venue for community groups but usage hasn’t taken off yet. We also Launched the Friends of St James the Less.

The Lancing Parochial Charites of which the Vicar, Churchwardens and two local councillors are the trustees supported one family during the year.

We held a Christmas Fayre and welcomed Matthew English a local violinist, which attracted many people and raised money for Church Funds. Along with Carols at the Lychgate, Lessons and Carols at both St James and Coombes were once again hugely popular.

5

Financial Review

  1. The total receipts on general unrestricted funds received was £166,169, restricted funds of £732 – a total received of £166,901 across the parish. We had unrestricted payments of £361,866, leaving a total surplus of 178,910

  2. We continue to offer a range of opportunities for members of the congregation and visitors to support the work and ministry of the church financially. Gift Aid envelopes are made available for tax-paying visitors and worshippers not currently part of a regular giving scheme. Membership (individual and joint) of the Parish Giving Scheme, which offers the opportunity to give by direct debit with gift aid (if relevant) being added and an optional yearly inflationary increase, is at 3%. Contactless giving devices and online giving opportunities are also available for donors and are being well used.

  3. The largest expenditure of the PCC was the sum of ££48,900 paid to the Diocese to cover ministry costs. The Parish Share covers the housing, stipend and pension costs of the clergy together with a standard sum for diocesan central costs, clergy training and a contribution to national church funds.

Reserves Policy

  1. It is PCC policy to maintain a balance on the general unrestricted funds which equates to approximately 3 months’ worth of unrestricted payments as contingency against unforeseen circumstances.

Signed by Father Ben Smith (29[th] March 2025)

6

Annual Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of Lancing with Coombes

Lancing with Coombes

St James the Less Church, Manor Road, Lancing BN15 0EY Coombes Church, Church Farm, Coombes, BN15 0RS

Registered Charity no. 1145807

For the year ended 31st December 2024

CONTENTS

Page 2 Statement of financial activities 3 Balance sheet 4 Notes to the accounts 13 Report of the independent examiner

Lancing with Coombes registered charity number 1145807 Statement of Financial Activities

The financial effect of our activities during the year can be summarised as follows

The financial effect of our activities during the year can be summarised as follows during the year can be summarised as follows
Unrestricted
Restricted
Total Funds
Total Funds
Fund
Fund/s
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other Income		 £
156,035
1,644
2,107
6,383
-		 £
£
£
-
156,035
61,422
-
1,644
2,957
-
2,107
15,620
732
7,115
11,891
-
-
616,220
Total income 166,169 732
166,901
708,109
2
Expenditure on:
Raising funds
Charitable activities
Other trading activities
Other		 2,265
100,083
259,251
267		 -
-
2,265
3,245
-
100,083
77,005
-
259,251
13,822
-
267
28,706
Total expenditure 361,866 -
361,866
122,778
3
Net gains (or losses) on investments 16,055 -
16,055
-
Net income or (net expenditure) (179,642) 732
(178,910)
585,332
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed
assets
Other gains/(losses)
Reconciliation of funds:		 - -
-
-
(179,642)
-
-		 732
(178,910)
585,332
-
-
-
-
-
-
-
Net movement in funds (179,642) 732
(178,910)
585,332
Total funds brought forward 857,772 -
857,772
272,440
Total funds carried forward 678,130 732
678,862
857,772

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807 Balance Sheet

Our financial position and summary of funds at the year end were

Our financial position and summary of funds at the year end were
Total Funds
Total Funds
2024
2023		 Notes
Intangible assets
Tangible assets
Heritage assets
Endowed investments		 £
£
-
-
152,664
152,664
-
-
-
-		 11
Total fixed assets 152,664
152,664
Stocks
Debtors
Investments
Cash at bank and in hand		 -
-
10,617
9,885
482,328
11,273
34,858
685,123
of		 12
11
Total current assets 527,803
706,281
Creditors: Amounts falling due within one year (1,605)
(1,173)
~~		 ~~
Net current assets or (liabilities) 526,198
705,108
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
Provisions for liabilities		 678,862
857,772
-
-
-
-
~~To~~
Total net assets or (liabilities) 678,862
857,772
The funds of the charity:
Endowment funds
Restricted income funds		 -
-
23,167
33,708
~~		 ~~
Unrestricted funds
Revaluation reserve		 655,695
824,064
~~		 ~~
Total unrestricted funds
Total charity funds		 655,695
824,064
678,862
857,772
~~		 ~~
~~ee ee~~
~~

This Financial Report for the year ended 31st December 2024, including the notes following, was approved by the PCC and signed on its behalf by Fr Ben Scott, Assistant Curate:

Date …………………………………………………………

……………………………………….………………………..

29th March 2025

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807

Notes to the Financial Report

1 Accounting policies

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities, (SORP (FRS 102)).

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.

Funds accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes.

Designated funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects.

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

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

Income and endowments

All income and endowments, accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably.

Donations and legacies

Collections are recognised when received.

Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate.

Gift aid recovered is recognised when the income to which it is attached is recognised.

Grants and legacies are recognised when the formal offer in writing of the funding, is received by the PCC.

Charitable activities

Statutory fees for weddings and funerals are recognised when the office occurs.

Other trading activities

Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised either: a - when received, or b - in the case of concerts: for the year in which the event occurs, irrespective of date of receipt. Advance bookings are included in creditors until the concert has taken place.

Rents from property are recognised in accordance with the rental agreements, when receipt is probable

Investment income

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised in accordance with the above overall policy.

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807

Notes to the Financial Report

Gains and losses on investments

Realised gains are recognised when the investments are sold.

Unrealised gains and losses are accounted for on revaluation at 31 December.

Expenditure

Expenditure is recognised when there is evidence of entitlement, payment is probable, and the amount can be measured reliably.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.

Church activities

The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Fixed assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to (date) there is insufficient cost information available and therefore the cost of such assets is stated at a nominal £1 in the financial statements

All expenditure on consecrated or beneficed buildings and individual items costing under (put in limit, say £1,000) are written off in the year they were incurred

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generally applicable are:

useful lives. The rates generally
Land Nil
Buildings Nil
Fixtures and fittings 20%
Audio/visual 33%
i
Office equipment		 25%

No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 years and residual values so high that potential depreciation would be immaterial. It is the PCC's policy to maintain these assets in a continual state of sound repair. Resulting from regular impairment reviews, provision will be made if there has been any permanent diminution in value

Investments

Investments are stated at market value at the balance sheet date.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown a debtors, less provision for amounts that may prove uncollectible

Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank.

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807

Notes to the Financial Report

2 Analysis of income and endowments

Unrestricted
Fund		 Restricted
Fund/s		 Total Funds
2024		 Total Funds
2023		 Notes
Planned giving (excl. tax refunds)
Planned giving (no tax refunds)
Loose cash collections
Fund Raising
Donations
Other Special Appeals
Gift Aid recoverable
Legacies
VAT recovered		 £
27,902
3,534
2,643
314
5,124
1,144
9,553
80,000
25,821		 £
-
-
-
-
-
-
-
-
-		 £
27,902
3,534
2,643
314
5,124
1,144
9,553
80,000
25,821		 £
29,059
2,815
3,133
1,280
8,595
-
9,530
5,010
2,000
Donations and legacies £156,035 - £156,035 £61,422
Fees for weddings & funerals 1,644 - 1,644 2,957
Charitable activities £1,644 - £1,644 £2,957
Fund Raising
Christmas music concert
Rent from letting of Parish house
Bible study notes
Church space hiring fees
Printing/Stationary Income
Bookstall sales		 1,556
-
-
-
272
279
-		 -
-
-
-
-
-
-		 1,556
-
-
-
272
279
-
-		 1,896
-
-
-
12,684
1,040
-
Other trading activities £2,107 - £2,107 £15,620
Bank & CBF deposit interest
CBF investment fund dividend
Rent from letting of investment property		 313
-
6,070		 527
205
-		 840
205
6,070		 944
202
10,745
Investments £6,383 £732 £7,115 £11,891
Sale of Church Hall complex
Other receipts		 - -
-		 -
-		 610,557
5,663
Other Income - - - £616,220
Total income and endowments on all funds £166,169 £732 £166,901 £708,110

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807

Notes to the Financial Report

3 Analysis of expenditure

Unrestricted
Fund		 Restricted
Fund/s		 Total Funds
2024		 Total Funds
2023		 Notes
Special appeals costs
Stewardship costs
Grants costs
Investment management costs
Other fundraising costs		 £
-
181
-
1,745
339		 £
-
-
-
-
-		 £
-
181
-
1,745
339		 £
-
81
-
3,119
45
Cost of raising funds £2,265 - £2,265 £3,245
Charitable grants and donations
Mission & evangelism costs
Diocesan parish share
Clergy and other people's expenses
Salaries and honoraria incl NI
Upkeep of services
Church running costs
Office Costs
Church maintenance and repair
Upkeep of churchyard
Organ/Piano Tuning and Repair
Financing
Bank charges
Governance		 1,144
-
48,900
4,704
6,640
1,870
11,009
7,099
14,082
3,468
1,085
-
82
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-		 1,144
-
48,900
4,704
6,640
1,870
11,009
7,099
14,082
3,468
1,085
-
82
-		 754
-
40,000
7,008
6,640
1,382
10,219
6,854
2,460
95
1,518
-
75
-		 4
Cost of charitable activities £100,083 - £100,083 £77,005
Church centre hiring costs
Church Hall complex running costs
Church reordering costs
Professional fees - Church reordering
Other trading costs		 -
220
251,517
7,514
-		 -
-
-
-
-		 -
220
251,517
7,514
-		 -
8,269
-
5,378
175
Cost of other trading activities £259,251 - £259,251 £13,822
Professional fees - Church Hall complex
Other Expenditure		 -
267		 -
-		 -
267		 23,374
5,332
Other £267 - £267 £28,706
Total expended on all funds £361,866 - £361,866 £122,778

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807 Notes to the Financial Report

4 Missionary and charitable giving

----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
Fund Fund/s 2024 2023 Notes
£ £ £ £
Home:
Childrens Society 253 - 253 565
Caring & Sharing 550 - 550 172
Friends of the Holy Land 267 267
Lancing Food Bank 74 74
Additional Curates Society - - - 12
1,144 - 1,144 749
----- End of picture text -----

5 Staff costs

5 Staff costs 5 Staff costs 5 Staff costs
Unrestricted
Restricted
Total Funds
Total Funds
Fund
Fund/s
2024
2023
Notes
£
£
£
£
£
Remuneration
Wages and salaries
6,640		 -
6,640
6,640
6,640 -
6,640
6,640

6 Payments to PCC members

Mrs A Hughes received £3,640 for her role as Office Manager and Treasurer.

7 Transactions with persons related to PCC members

There were no transactions recorded between persons related to the PCC members.

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807 Notes to the Financial Report

8 Fixed assets

a Investments

a Investments
Unrestricted
Fund		 Restricted
Fund/s		 Total Funds
2024		 Notes
Market value 1 January 2024
Disposals at carrying value
Purchases at cost
Net gains and revaluation		 £
11,273
(15,000)
470,000
16,055		 £
-
-
-
-		 £
11,273
(15,000)
470,000
16,055
Market value 31 December 2024 £482,328 - £482,328

During 2024 the PCC elected to remove the restriction on the CCLA deposit fund, which was originally set up by Coombes and replace this with a designated 'Property and maintenance' fund. The PCC used a proportion of the sale proceeds from the Church hall to increase the investment in the Deposit Fund by £470,000.

2024 Income reinvestment in the fund totalled £16,055 and £15,000 was withdrawn to fund church maintenance.

b Tangible fixed assets

Freehold
land
Audio visual
Total fixed		 Freehold
land
Audio visual
Total fixed
and buildings equipment
Cost or valuation
At 1 January 2024
Additions
Disposals
Revaluation		 £
152,664
-
-
-
At 31 December 2024 152,664 -
152,664
Charge for impairment
At 1 January 2024
Additions
Disposals
Revaluation		 -
-
-
-
At 31 December 2024 - -
-
Net book amounts
At 31 December 2024		 152,664
At 31 December 2023 152,664

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A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807 Notes to the Financial Report

8 Fixed assets continued

The property at St Michael’s Court, Lancing is a one bedroom self-contained flat with a detached garage. The historical cost of the property is £152,664.

9 Net assets by fund

9 Net assets by fund 9 Net assets by fund
Unrestricted
Restricted
Total Funds
Total Funds
Funds
£
St Michaels Court
152,664
CCLA Deposit Fund
482,328
Current assets (except cash)
-
Cash at bank and on deposit
34,858
Current liabilities
(1,605)
Long term liabilities
-
£668,245

10 Debtors

10 Debtors 10 Debtors
Unrestricted
Restricted
Total Funds
Total Funds
Funds
Income tax recoverable
Prepayments and accrued income
Other debtors		 £
-
-
-

11 Creditors: amounts falling due within one year

11 Creditors: amounts falling due within one year 11 Creditors: amounts falling due within one year 11 Creditors: amounts falling due within one year
Unrestricted
Restricted
Total Funds
Total Funds
Funds
£
Deferred income
-
Accruals for utilities and other costs
-
Archdeacon's loan
-
Other creditors
(1,605)
£(1,605) -
£(1,605)
£(1,173)

10 | P a g e

A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807 Notes to the Financial Report

12 Creditors: amounts falling due after one year

----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
Funds Fund/s 2024 2023 Notes
£ £ £ £
Deferred income - - - -
Accruals for utilities and other costs - - - -
Archdeacon's loan - - - -
Other creditors - - -
- - - -
----- End of picture text -----

13 Comparatives for the statement of financial activities

Unrestricted
Restricted
Total Funds
Fund
Fund/s
2023		 Unrestricted
Restricted
Total Funds
Fund
Fund/s
2023
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other receipts		 £
61,422
2,957
15,620
11,036
616,220		 £
£
-
61,422
-
2,957
-
15,620
855
11,891
-
616,220
Total income 707,255 855
708,110
Expenditure on:
Raising funds
Charitable activities
Other trading activities
Other expenditure		 3,245
77,005
13,822
28,706		 -
-
3,245
-
77,005
-
13,822
-
28,706
Total expenditure 122,778 -
122,778
Net gains (or losses) on investments
Net income or (net expenditure) 584,477 855
585,332
Transfers between funds - -
-
584,477 855
585,332
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Other gains/(losses)
Reconciliation of funds:		 -
-		 -
-
-
-
Net movement in funds 584,477 855
585,332
Total funds brought forward 272,440 272,440
Total funds carried forward 856,917 855
857,772

11 | P a g e

A N N U A L F I N A N C I A L R E P O R T

Lancing with Coombes registered charity number 1145807 Notes to the Financial Report

14 Statement of funds

Explanation of funds

Endowed funds are required by the donors to be invested and the income spent on specific objectives Restricted funds are not invested permanently but are to be spent within reasonable timescales

The Fabric Fund is restricted to maintenance of the church building.

The Flower Fund is restricted to the purchase of flowers for the church.

The Organ Fund is restricted to maintenance and repair of the church organ.

The Insurance Grant is restricted to significant maintenance or repair of the church buildings. Unrestricted funds are not subject to any donor restrictions and can be spent as the PCC decides

Summary of all funds

Fund income and expenditure and final balances are as follows:

Balances
b/fwd
1 Jan 2024		 Income Transfers,
other gains

and losses		 Balances
c/fwd
31 Dec 2024
Grantly bequest
Fund B		 £
-		 £
-		 £
-
-		 £
-
-
Total of all endowed funds - - - -
Fabric fund
Flower und
Organ fund
Upkeep of Church
CCLA Deposit fund
Chichester DBF Chancel Insurance
Grant		 96
135
2,171
10,148
11,273
9,885		 -
-
-
-
-
-		 -
-
-
(11,273)
732		 96
135
2,171
10,148
-
10,617
Total of all restricted funds 33,708 - (10,541) 23,167
Designated Property and Maintenance fund
General fund		 -
824,064		 16,055
192,351		 466,273
(843,048)		 482,328
173,367
Total of all unrestricted funds 824,064 208,406 (376,775) 655,695
Total funds £857,772 £208,406 £(387,316) £678,862

12 | P a g e

A N N U A L F I N A N C I A L R E P O R T

Independent Examinerfs Report to the PCC of Lancing with Coombes for the Year Ended 31st December, 2024 This is my report to the Parochial Church Council of the Ecclesiastical Parish (PCC) of Lanclng with Coombes on the annual report for the year ended 31° Decembw 2024 set out on pages 2 to 12. Respertlve The PCC members a￿ responsible for the preparation of the annual reports. The PCC re5ponslblllties of member5 consider that an audft is not required for this year under sectw)n 144 of the trustees and examiner Charities Act 20111.the Charities Att") 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 t Charity Commission {under section 145(5)Ib) of the Charities AQ and to state whether particular matters have corne to my attention. Basis of Independent examinerf5 Statement My examination was carried out in accordance with general Dlrections given by the Chartty Cofflmission. An examination includes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account5 and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not Pfovide all the evidence that would be required in an audit. and consequently no opinion is 8iven as to whether the accounts present a 'tnJe and fairf view and the report ss limited to those matters set out in the statement below. Independent examiner's Statement In connectlon with my examination, no matter has come to my attention {other than that disclosed below in Section B ') which gives rne reasonable cause to believe that in, any material respect, the fequlrements: to keep accounting fecords in accordance with section 130 of the Charitie5 Act. and to prepare accounts which accord with the accounting records and comply with the accounti￿% requirements of the Charities Art 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. Please delete the words in the (brocketsj if they do not appfy Examlnerfs $18nature Examlnerfs name IAwrAL5 iAhJ SulZAib6¢ Date Relevant professional quallficatlonlsj or body il any Examlne¢s address . 1 LO￿￿. 3& CyMw&knAtJ tJ.S¥sw •SNii 44b ANNUAL FINANCIAL REPOR T 131Pa8

Independent Examiner’s Report to the PCC of Lancing with Coombes for the Year Ended 31st December, 2024

Section B Disclosure

Only complete if the examiner needs to highlight material problems for example:

Give here brief details of any items that the examiner wishes to disclose