## The Parochial Church Council of the Ecclesiastical Parish of Binfeld Registered Charity Number: 1149382 **Annual Report & Accounts for the Year Ended 31[st] December 2024** ## **Table of Contents** _Trustees’ Report ................................................................................................................... 2 Independent Examiner’s Report ........................................................................................ 10 Statement of Financial Activities for the year ended 31 December 2024 ........................... 11 Balance Sheet As At 31 December 2024 .......................................................................... 12 Notes to the Accounts ........................................................................................................ 13_ Annual Reports & Accounts 2024 1 ## **Trustees’ Report** ## _**Aims and Purposes**_ The Parochial Church Council of the Ecclesiastical Parish of Binfield has legal responsibility for the finance, care of church buildings and contents and care of the churchyards and cemetery. It also takes the responsibility of cooperating with the Rector for promoting the mission of the Church. ## _**Objectives and Activities**_ The Vision Statement for the Church is: _Connecting people with Jesus, the Bible and others_ To this end, the PCC takes care of two church buildings and a cemetery. The church carries out baptisms, weddings and funerals for those who have a connection with the parish and admits for burial in the cemetery any person, who dies while living in the parish, who was living in the parish for a reasonable length of time even though their latter days may have been spent outside the parish in a nursing home, or was on the church electoral roll. The PCC also encourages outreach to those in the parish, who do not attend church and attempts to help those less fortunate in and outside the parish. Members of the church deliver the Binfield Beacon to the households in the Parish ten times a year. This magazine alerts all to the various services on offer and other activities such as the work done with children and youth. It also includes reports and other information from various organizations in the parish. ## _**Achievements and Performance**_ _Committees_ The PCC has appointed serval committees to carry out specific work and make recommendations. The committee leaders are: - Standing Committee: Luke Taylor - Children and Youth Committee: Daisy Osinaike (Until August 2024) - Finance and Stewardship Committee: Gigi Ho - Fabric Committee: Tony Muller & Adrian Hinton - Fundraising Committee: Kate Hayes Annual Reports & Accounts 2024 2 ## _Sunday Services_ In 2024, the church has updated the regular pattern of Sunday services: - Book of Common Prayer Communion Service at 08:15am – exclusively on first Sunday of the month - Common worship Communion Service at 09:30am - Informal Service at 11:00am, including: - Baptisms on the first Sunday of the month - Communion on the third Sunday of the month - Altogether celebration services at 10:00am were held on - Mothering Sunday - Father’s Day - 21[st] July to celebrate and thank all of our volunteers - 27[th] October for harvest celebration - Remembrance Sunday - The last Sunday of the year ## _Children & Youth work_ The children’s group, Whizz kids, continues to take place on Sunday mornings at St. Mark’s Church during the 11am service. Youth group, 7UP, is held on Wednesday evenings at St. Mark’s Church, with occasional off-site events. _Baptisms, Weddings and Funerals_ During the year, the church conducted 5 baptisms, 6 weddings and 17 funerals. Funeral services are held at All Saints’ church and have also been conducted (on behalf of this church) at East Hampstead Park crematorium and the church cemetery. ## _**Mission and Evangelism**_ ## _The Silver Service_ A short service with lunch at St Mark’s Church, open to anyone. ## _Youth Group_ The Youth group, now called 7UP, attended the Satellites youth festival in the summer of 2024. This was a five-night stay event for teens at the Bath and West Showground run by the charity ‘Youthscape’. Annual Reports & Accounts 2024 3 ## _Clothesbank_ The Clothesbank operates quarterly at St Mark’s Church to distribute good quality second hand clothing to those in need. Clients are recommended by various local charities. ## _Alternative Advent_ Gifts were collected and distributed to single parents in need. ## _The Binfield Lighthouse Program_ The Lighthouse team continue to help those who are struggling. What started as a homeless drop in, now provides food for those who were homeless, or find themselves homeless, but are then provided with accommodation by the Borough rough sleeper team. The team seek to provide enough pre prepared meals that can be reheated so the clients can have one hot meal every day that month. Meals are delivered on the first 2 Tuesdays of the month. ## _Pastoral Care and Bereavement support_ The visiting team have continued in their work and the Bereavement team continue to meet for a coffee morning every Friday. Until We Meet Again, our annual service for those who have lost loved ones continues to be run on the first Sunday in December. ## _Christmas Services_ The church held its full schedule of Christmas services, including: - Carol Service on the Sunday before Christmas, - 2 Christingle services on Christmas Eve, - Midnight Communion on Christmas Eve, and - Christmas service with communion ## _Charity Support_ Through the generous giving of the congregation, the church continued to support 3 chosen charities: Bracknell Foodbank, Oasis and Five Talents. ## _**Volunteers**_ The PCC is indebted to a large number of volunteers to ensure the smooth running of the organisation. The fabric working party maintains and keeps both churches fit for purpose, with the support from various volunteer teams throughout the year. These include the flower arrangers, the cleaners, the welcomers, the bellringers, children and youth volunteers, visitors, the providers of coffee, choir, and the clothesbank team. All contribute their time and efforts freely. Without them, it would be impossible to run the churches effectively. Annual Reports & Accounts 2024 4 ## _**Risk Management and Safeguarding**_ The PCC regularly review any major risks encountered by the church and take appropriate action to manage and minimise those risks in accordance with best practice. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). The PCC has appointed a Safeguarding Officer to oversee this important element of ministry and there were no reported incidents in 2024. ## _**Future Planning**_ The PCC is committed to enhancing ministry and our church buildings through strategic improvements. Our key focus areas include encouraging new ministry opportunities, optimising our church facilities to improve accessibility and support a wider range of events, and ensuring financial resilience. ## _**Financial Review**_ The total income for 2024 was £175,229 and net gain on investments was £244, while total expenditure amounted to £178,151, resulting in a net expenditure of £2,678. At the end of 2024, the church held total funds of £179,638, broken down as follows: - Unrestricted funds: £101,701 - Restricted funds: £67,046 - Endowment funds: £10,891 Annual Reports & Accounts 2024 5 During the year, the following significant financial events impacted the church’s financial position: - Grant Income (ê £12,138) The reduction in grant income is attributed to the depletion of the St. Mark’s Education Fund in 2023. Additionally, the reserves of Lighthouse and Eco Church were sufficient to fund their respective expenses in 2024, and thus no new grant applications were submitted. - Fundraising income (ê £11,777) Fundraising income decreased due to the cancellation of 2024 church fete, which had been a major source of income in previous years. - Church Maintenance Expenses (ê £11,216) In 2023, heaters in All Saints’ Church were replaced, leading to a significant one-off expenditure. The absence of similar projects in 2024 resulted in reduced maintenance costs. - Utilities (ê £4,106) The church benefited from a cost reduction under the renewed Energy Basket contract, effective from 1[st] October 2023, which contributed lower utility expenses in 2024. Annual Reports & Accounts 2024 6 ## _**Reserve Policy**_ The PCC has adopted a reserves policy to ensure financial stability and to provide for anticipated and unforeseen needs. Reserves are held to: - Cover 3 months of general running costs and an additional 1 month’s salary costs, ensuring the church can meet its financial obligations in case of a major problem or emergency. - Fund necessary building works identified in quinquennial inspections for both churches, including designated fund for the substantial repair works at All Saints’ Church. - Support specific projects and activities, such as the forthcoming mission, and to provide for youth work costs as the St Mark’s Education Fund has been depleted. The PCC recognises the importance of stewardship while balancing prudential financial planning with the biblical principle of not hoarding resources. At the end of 2024, the PCC held unrestricted reserves of £101,701, including £87,507 is designated for anticipated repair work at All Saints’ Church (£52,507), minor works at St Mark’s (£13,000), 3 months youth expenses (£4,000), 3 months church expenses (£15,000) and 1 month salary costs (£3,000). ## _**Structure, Governance and Management**_ The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. We are blessed with two churches All Saints in Church Lane and St Mark’s in Popeswood road Binfield. We are part of the Bracknell Deanery of churches in the Diocese of Oxford within the Church of England. To recruit new members to the PCC, notices are given in church, on the church news email, and announced at the Annual Parochial Church Meeting. The Parochial Church Council consists of people who are baptised, and their names are on the electoral roll of the parish and who are lay members of any deanery synod, diocesan synod or the General Synod. If the parochial church council so decides, it may co-opt members so long as they do not exceed one fifth of the representatives of the laity elected. Annual Reports & Accounts 2024 ## _**Reference and Administrative Details**_ _Registered Charity Name:_ The Parochial Church Council of the Ecclesiastical Parish of Binfield _Working Name:_ Binfield PCC _Charity Registration Number:_ 1149382 _Correspondence Address:_ The Church Office, St Mark’s Church Popeswood Road, Binfield, Bracknell, Berkshire, RG42 4AH _PCC Secretary:_ Kate Hayes _Church Administrator:_ Hayley Fourie _Binfield Beacon Editor:_ Claire Thomas _Organist & Choir Master:_ Michael Hawkins _Treasurer:_ Sarah Muller (Resigned 13/05/24) Kwan Lam (Gigi) Ho (From 13/05/24) _Children’s Worker:_ Anna Cochran _Safeguarding Officer:_ Hayley Fourie _Stewardship Secretary:_ Andrea White _Bell Tower Captain:_ Jan Glen During the year the following served as members (trustees) of the PCC: _Ex Officio members_ Rector: Reverend Luke Taylor Churchwardens: Susan Cledwyn-Davies Adrian Hinton Assistant Churchwarden: John Hargreaves _Elected Deanery Synod_ From 24/04/23 until 2026 Michael Hawkins Rachel Willmot (plus 2 vacancies) _Elected PCC Members_ From 26/06/21 until 13/05/24 Tony Muller From 24/04/22 until 13/05/24 Amanda Downs From 09/05/22 until 2025 James Foster Robert McLean (plus 3 vacanices) From 09/05/22 until 07/07/24 Daisy Osinaike (resigned 07/07/24) From 24/04/23 until 2026 Jill Hanson Kate Ellison-Bourne From 12/02/24 until 2026 Amanda Hawley (plus 1 vacancies) From 13/05/24 until 2027 John Hargreaves Stuart Wharpshire Kwan Lam (Gigi) Ho From 09/09/24 until 2027 Georgina Alltree From 14/10/24 until 2027 Ian White (plus 1 vacancies) Annual Reports & Accounts 2024 8 All Saints, wilh SL Mark's Church8s, Binli81d Declarations The PCC declare that they have approved the trustees, report above. Siqned on behalf of the PCC Rev,. Luke Taylor PCC Chair Date: ]£) Lf Annual Reports & Accounts 2024 AJI Saints.: with Sl. Mark's Chutchesj Binfield Independent Examiner's Report I CHARITY COMMISSION FOR ENGLMD AND WALES Independent examinerfs report on the accounts en en xaminer s Report lo th• trusto08 The ParDchial Churth Counal of the Eccl88kq8t'f31 Paii8h ol Binfield On accounts for th• year andod 31tl De￿mber 2024 Charily no {if any) 1149382 1 Sel out on pages 11-20 I report to th8 tnjsI￿ on my examlnation of the accounts of th¢ atTh8 lrity {"Ihe Trust I for the year ended 31112 12024. Responsibilities and basis of raport As the Gharivs InJst88s. ar& r8sponsib18 for Ihe praparbt aLEounis in accopdance wth raquiramgnls of Charil18S of the 2011 ('Ih I rewt in resFeci of my ex8mination of the Trusys ac￿Unts caih'ed out under s8clion 145 of the 2011 Ad arkd in carryro OLrt my examiDation, I have follo*Ed all the applicable Dlredlons given by the Charity Commission under secli4)n 1495Xb) of trie Aca. Indopendenl oxaminerfs I have ¢x)mpleled my examination. I confjrm that rKI material matters have slatement I￿]8 to my attention in connection with the 8xamination ￿lch 9ives Ine ¢8use10 believe that in. 8ry naterial respeci". the acJJJunting I￿r&S w8r8 not k8Pt in accordancewilh, sg(Xion 130 of the Charrtie5 Art", or the acojunts dKI nol acconl wlh t.48 aowuTrting r￿rds. or the 8•xounts d￿1 Tr)t Comp￿ wth Ihe applicable requirerts8nts con￿ming the form arKI content of accounts set out in lkne Charities {Aca)unt8 arml R8porLs} R8gu'8tions 2008 olkw th￿ antr requireme:It that accounts give a 'true aryd fair, vlew knich is rK)t a malter 1x￿51dered as part of an irKJependenl ex2minatlon. I have no cOn￿M$ arKI h8ve CO￿ acrcss no other matters in cznnedion wrfch the examination to whith attention sh)Lld be drawn in this rep)rt in ord8T to enatrAe a proper understsndirKJ of acwunts to bo re>ched. ' P18ase delete the words in thé bpckets rftheydo not apply. Slgned: Name: Juli8 Nixon Relavant prof8ssional quallfteAtlon(s) or body (If any): ACMA Address: 44 Farley Copse Binfield, Brathll Berkshir8, RG42 1 FF Annual Reports & Accounts 2024 10 ## **Binfield PCC Statement of Financial Activities for the year ended 31 December 2024** ||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Endowment**|**funds**|**Total funds**
**2024**|**Total funds**
**2023**| |---|---|---|---|---|---|---| ||**£**|**£**|**£**||**£**|**£**| |**Income and Endowments**||||||| |Voluntary income|104,864|18,115||0|122,979138,585|138,585| |Activities for generating funds|2,279|11,896||0|14,175|25,952| |Income from investments|6,173|0||295|6,468|3,928| |Income from church activities|25,757|3,141||0|28,898|30,740| |Other income|2,709|0||0|2,709|2,615| |**Total Income**|141,782|33,152||295|175,229|201,820| |**Expenditure**|
|
||
|
|| |Cost of generating funds|0|1,482||0|1,482|5,300| |Church activities – costs|106,754|10,606||0|117,360119,255|119,255| |Church expenses|33,142|25,872||295|59,309|70,579| |**Total Expenditure**|139,896|37,960||295|178,151|195,134| |Net income before investment gains|
1,886|
(4,808)||
0|
(2,922)|6,686| |Net gains on investments|0|0||244|244|915| |**Net income / expenditure**|1,886|(4,808)||244|(2,678)|7,601| |Transfers between funds|(1,961)|1,961||0|0|0| |**Net movement in funds**|(75)|(2,847)||244|(2,678)|7,601| |**Reconciliation of funds**|
|
||
|
|| |Total funds brought forward|101,776|69,893|10,647||182,316174|174,715| |**Total funds carried forward**|101,701|67,046|10,891||179,638182|182,316| Annual Reports & Accounts 2024 11 JI Saints, wtth Sl. fvlark's Churches, 8infield Binfield PCC Balance Sheet As At 31 December 2024 Flxed assets Investments 10.891 10.891 10,647 Current assets Cash at bank and in hand Prepaid Expenditure Debtors 110,984 632 3,113 114,729 67.652 178.636 632 3.315 182,583 186,295 302 3,040 189,637 202 67,854 Total CurTrntAsset5 Credltors: amounts falling due wfthin l year Net CurrentAssets 13,028 101.701 808 67.046 13.836 168.747 17,968 171.669 Total NetAssets 101.701 67,046 10.891 179,638 182.316 Charity Funds Endowment funds Restricted income funds Unrestricted fund5 10.891 10,891 67.046 101,701 179.638 10.647 69,893 101.776 182.316 67.046 101.701 101.701 Total funds 67.046 10.891 Signed on behalf of the PCC Rev. Luke Taylor PCC Chair Date of approval: Annual Reports &Accounts 2024 12 ## **Notes to the Accounts** ## _**Note 1 Accounting Policies**_ - _1.1 Basis of accounting_ - The PCC is a public benefit entity within the meaning of FRS 102. - The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with FRS 102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS 102)). - _1.2 Income_ - There is no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP. - Gift aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. - The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. - Investment gains and losses include any realised or unrealised gains or losses on the sale of investments and any gains or losses resulting from revaluing investments to market value at the end of the year. - _1.3 Expenditure and Liabilities_ - Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the PCC to pay out resources and the amount of the obligation can be measured with reasonable certainty. - The charity made no redundancy payments during the reporting period. Annual Reports & Accounts 2024 13 ## _1.4 Assets_ - Consecrated and benefice property Consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by the Charities Act 2011 therefore any such assets are not capitalised in the accounts. - Moveable church furnishings Moveable church furnishings held by the Vicar and Church Wardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory and are not capitalised in the accounts. All expenditure incurred on consecrated or beneficed buildings or on the repair of moveable church furnishings is written off as expenditure in the year. - Tangible fixed assets - These may be capitalised if they can be used for more than one year and cost at least £5,000. They are stated at cost. Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives. - Stock No account has been taken of any stocks of books, magazines or other materials held at the balance sheet date and all expenditure is written off as incurred. ## _1.5 Funds_ - 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 fixed assets for its own use or for spending on a future project. - Restricted funds - These are income funds that must be spent on specific activity or purpose and details of the funds held and restrictions provided are shown in the notes to the accounts. Annual Reports & Accounts 2024 14 ## _**Note 2 Analysis of income**_ ||**Unrestricted**
**funds**|**Restricted**|**income**
**funds**|**Endowment**|**funds**|**Total funds**
**2024**|**Total funds**
**2023**| |---|---|---|---|---|---|---|---| |**Analysis**|**£**||**£**|**£**||**£**|**£**| |**Voluntary income**|||||||| |Tax efficient planned giving|47,062|47,062|768|768|0|47,830|47,830
49,201| |Other planned giving (not gift aided)|22,707|22,707
10,264||10,264|0|32,971|32,971
24,082| |Collection at services|14,752|14,752|300|300|0|15,052|15,052
16,477| |Other giving|5,604|5,604|3,973|3,973|0|9,577|9,577
19,505| |Gift Aid recovered|14,739|14,739|349|349|0|15,088|15,088
14,721| |Grants|0||2,461|461|0|2,461|461
14,599| |**Total voluntary income**|104,864|104,864
18,115||18,115|0|122,979|122,979
138,585| |**Activities for generating funds**|
||
||
|
|| |Fundraising|2,279|2,279
11,896||11,896|0|14,175|14,175
25,952| |**Income from investments**|
||
||
|
|| |Dividends and interest|6,173|6,173|0||295|295
6,468|6,468
3,928| |**Income from church activities**|
||
||
|
0|| |Wedding & Funeral Fees|7,045|7,045|0||0|7,045|7,045
6,217| |Church Hall Letting|9,427|9,427|0||0|9,427|9,427
10,320| |Parish magazine advertising|9,285|9,285|0||0|9,285|9,285
10,382| |Events income - not fundraising|0||3,141|141|0|3,141|141
3,821| |**Total Income from church activities**|25,757|25,757|3,141|3,141|0|28,898|28,898
30,740| |**Other income**|
||
||
|
|| |Parish share rebate|2,075|2,075|0||0|2,075|2,075
2,490| |Other income resources|634|634|0||0|634|634
125| |**Total other income**|2,709
|2,709|0
||0
|2,709
|2,709
2,615| |**TOTAL INCOME**|141,782|782
33,152||152|295 175|295 175,229 201|229 201,820| ## _**Note 3 Analysis of receipts of grants**_ |||**2024**|**2023**| |---|---|---|---| |**From**|**Purpose**|**£**|**£**| |Binfield Parish Council|Grass cutting Cemetery / Churchyard|2,211|2,211
2,963| |Bracknell Forest Borough council|Lighthouse food|250|250
4,008| |Groundworks UK – Tesco|Lighthouse food|0|0
375| |Bracknell Parish Council|Eco church|0|0
2,000| |St Mark’s Religious Education Fund|Youth minister salary & youth expenses|0|0
5,253| ||**Total**|2,461|461
14,599| Annual Reports & Accounts 2024 15 ## _**Note 4 Analysis of expenditure**_ ||**Unrestricted**
**funds**|**Restricted**|**income**
**funds**|**Endowment**|**funds**|**Total funds**
**2024**|**Total funds**
**2023**| |---|---|---|---|---|---|---|---| |**Analysis**|**£**||**£**|**£**||**£**|**£**| |**Cost of generating funds**|||||||| |Fundraising expenses|0|0|1,482|1,482|0|1,482|1,482
5,300| |**Church activities – costs**|||||||| |Charitable donations|10,500|10,500|0||0|10,500|10,500
10,848| |Parish Share contribution|84,622|84,622|0||0|84,622|84,622
82,157| |Salaries, wages and honoraria|11,308|11,308
10,606||10,606|0|21,914|21,914
26,250| |Payroll expenditure|324|324|0||0|324|324
0| |**Total church activities costs**|106,754|106,754
10,606||10,606|0|117,360|117,360
119,225| |**Church expenses**|||||||| |Mission & Evangelism costs|104|104|8,823|8,823|0|8,927|8,927
9,155| |Altar Supplies|258|258|0||0|258|258
164| |Bank charges and fees|174|174|30|30|0|204|204
164| |Books & Publications|702|702|0||0|702|702
647| |Cemetery Grass Cutting|0||3,743|3,743|0|3,743|3,743
1,482| |Church maintenance|583|583|6,095|6,095|295|295
6,973|6,973
18,189| |Insurance|8,676|8,676|0||0|8,676|8,676
8,543| |Office Supplies|1,035|1,035|0||0|1,035|1,035
1,679| |Church Cleaning|0||2,505|2,505|0|2,505|2,505
2,545| |Office Telephone|687|687|0||0|687|687
408| |Other Professional Services|207|207|270|270|0|477|477
980| |Servicing equipment|1,303|1,303|1,440|1,440|0|2,743|2,743
1,173| |Software expenses|710|710|0||0|710|710
722| |Subscriptions|575|575|0||0|575|575
558| |Sundry expenses|79|79|201|201|0|280|280
246| |Church Utility bills|10,604|10,604|0||0|10,604|10,604
14,710| |Events' expenses – not fundraising|286|286|2,765|2,765|0|3,051|3,051
1,937| |Cost of Trading – Beacon printing|7,159|159|0||0|7,159|159
7,277| |**Total church expenses**|33,142|142
25,872||872|295|295
59,309|309
70,579| |**TOTAL EXPENDITURE**|139,896|896
37,960||960|295 178|295 178,151 195|151 195,134| Annual Reports & Accounts 2024 16 ## _**Note 5 Paid employees**_ ## _5.1 Staff Costs_ |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |Salaries and wages||21,682|21,682
25,941| |Social security costs||0|0
0| |Pension costs||232|232
309| |Other employee benefits||0|0
0| ||**Total**|21,914|914
26,250| No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. As a gift to the church, the choirmaster and organist, Mr. M Hawkins, has chosen not to take a salary. _5.2 Average head count in the year_ |||**2024**|**2024**|**2023**|**2023**| |---|---|---|---|---|---| |Church administrator (Part time)|||1|1|1| |Youth minister (Part time)|||1|1|1| |Parish magazine editor (Part time)|||1|1|1| ||**Total**||3|3|3| ## _**Note 6 Investment assets**_ ||**Barnett**|**Investment**|**Fund**|**Wiggett /**|**MacNabb**
**Investment**
**Fund**|**Total**| |---|---|---|---|---|---|---| |||**£**|**£**||**£**|**£**| |Carrying (fair) value at 1Jan2024|927|927|927||9,720|10,647| |**Add:**net gain on revaluation|||21||223|244| |Carrying (fair) value at 31Dec2024|||948||9,943|10,891| The endowment funds are legacies from the Wiggett, MacNabb and Barnett families the income from which must be spent on maintaining services at All Saint’s church and caring for specific graves in the Binfield cemetery (identified in the churchwarden’s log). The funds are held as shares in the CBF Investment Fund. Annual Reports & Accounts 2024 17 ## _**Note 7 Debtors and prepayments**_ |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |**Debtors**|||| |Hall hire||375|375
240| |Beacon community adverts||131|131
33| |Goodbox||0|0
63| |HMRC Charities – Gift Aid Recoverable||2,809|809
2,704| |||3,315|3,315
3,040| |**Prepayments**|||| |Castle Water St Marks, All Saints & Cemetery||6|6
0| |Software Subscriptions||84|84
0| |Leasing charge for office printer||148|148
0| |RSCM Subscriptions||137|137
0| |Copyright license||257|257
302| |||632|632
302| ||**Total**|3,947|947
3,342| ## _**Note 8 Creditors and accruals**_ ||**Amounts failing**
**due within 1year**|**Amounts failing**
**due within 1year**| |---|---|---| |**Creditors**
Art week expenses
Castle Water St Marks, All Saints & Cemetery
Charitable giving (up to 10% voluntary income)
Christingle expenses
Circle Cleaning
Clarity Copier
Clergy cover
Gas heater servicing
Lighthouse expenses
NEST pension
Organ tuning
Oxford Board of Finance – Parochial fees
Sunshine Commercial – Cemetery grass cutting
Total Energies (Total Gas & Power)
Wedding / Funeral - Clergy fees
Wedding / Funeral - Organist / Choir fees
Wedding / Funeral - Verger fees
Youth Expenses
**Income received in advance**
Beacon advertising
**Accruals**
Accrued utilities
**Taxation and social security**
HMRC Tax & NI
**Total**|**2024**
**£**
16
0
10,500
88
0
18
47
144
180
19
270
67
468
0
25
0
0
0|**2023**
**£**
0
48
10,848
34
135
53
0
0
313
0
0
1,211
1,111
2,742
0
85
60
186| ||11,842
729
1,265
0|16,826
811
0
331| ||13,836|17,968| - Castle Water issued a negative balance in the bill of December to adjust the overestimated charges. It was recorded as a supplier credit and thus a negative balance on Castle Water as a creditor. Annual Reports & Accounts 2024 18 ## _**Note 9 Cash at bank and in hand**_ |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |Petty Cash||19|19
19| |Undeposited funds||690|690
300| |Barclays Binfield PCC||11,542|11,542
16,764| |Barclays Deposit Account||63,914|63,914
71,906| |CBF Deposit Account||102,471|471
97,306| ||**Total**|178,636 186|636 186,295| ## _**Note 10 Charity funds**_ |**Fund balance**
**brought**
**forward**
**£**
14,269


52,507
35,000|**Income**
**£**
14,269
141,782


52,507
0
000
0|**Expenditure**
**£**
141,782
(139,896)


0
0
0
0|**Transfer**
**£**
(1,961)


0
0
0
0|**Gain / Loss**
0
0
0
0
0|**Fund balance**
**carried**
**forward**
**£**
14,194


52,507
35,000| |---|---|---|---|---|---| |87,507
|87,507
0|0
0|0
0|0
0|87,507
| |101,776


25,172
24,135
800
67
462
2,762
5,502
3,962
0
943
3,703
160
225
2,000|101,776
141,782


25,172
12,129
24,135
1,133
800
0
67
0
462
0
2,762
2,211
5,502
1,030
3,962
2,595
13,774
943
0
3,703
0
160
0
225
235
000
45|141,782
(139,896)


12,129
(3,967)
1,133
(4,431)
0
0
0
0
0
0
2,211
(3,744)
1,030
(720)
2,595
(4,992)
13,774
(15,735)
0
0
0
(2,505)
0
0
235
(202)
45
(1,664)|(1,961)


0
0
0
0
0
0
0
0
0
0
0
1,961
0
0
0
0
0
0|0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,961
0
0
0
0
0
0
0
0
0
0
0|101,701


33,334
20,837
800
67
462
1,229
5,812
1,565
0
943
1,198
160
258
381| |69,893

10,647|69,893
33,152

647
295|33,152
(37,960)

(295)|1,961

0|1,961
0

0
244|67,046

10,891| |182,316|316
175,229|229(178,151)|0|0
244|179,638| £1,961 has been transferred from Unrestricted funds to finance the deficit on the Restricted Youth fund. Annual Reports & Accounts 2024 19 ## _**Note 11 Transactions with trustees and related parties**_ _11.1 Trustee remuneration and benefits_ |**Name of trustee**|**Remuneration**|**Pension**|**Contribution**|**Contribution**|**Ex-gratia**||**Other**||**Total**| |---|---|---|---|---|---|---|---|---|---| ||**£**|**£**||**£**|**£**||**£**||**£**| |Daisy Osinaike|4,827|||382||0||0|5,209| Remuneration was paid to Daisy Osinaike in respect to her work as Youth minister. _11.2 Trustees’ expenses_ No trustee expenses have been incurred in 2024. _12.3 Transaction(s) with related parties_ We pass payments on behalf of funeral directors and wedding planners directly to pay for Verger, Choir, Organist and clergy travel expenses. |**Name of Trustee**|**Name of Trustee**
**Description of**
**transaction(s)**|**Amount**|**Balance at**
**31Dec2024**|**Balance at**
**31Dec2024**|**Provision for**
**bad debt at**
**31Dec2024**|**Amount**
**written off**
**during 2024**| |---|---|---|---|---|---|---| |||**£**|**£**||**£**|**£**| |Iain Downs|Verger|860||0|0|0| |Michael Hawkins|Choir / Organist|815||0|0|0| |Rev Luke Taylor|Clergy|375||25|0|0| Annual Reports & Accounts 2024 20