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2024-12-31-accounts

Trustees’ Annual Report and Financial Statements

of the Parochial Church Council for the year ending 31 December 2024

Contents Page
Legal and administrative information 3
Council Membership 4
Trustees’ Annual Report 5
Aims and Purposes 5
Objectives and Activities 5
Achievements and Performance 5
Review of Financial Activities and Affairs 7
Structure, Governance and Management 8
Statement of Responsibilities of Members of the PCC 9
Independent Examiner’s report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Accounts 13

Legal and Administrative Information

Registered Charity number 1149564

Registered name

The Parochial Church Council of the Ecclesiastical Parish of All Saints’, Ascot Heath

Principal address

Independent Examiner

London Road Ascot Berkshire SL5 8DQ Kim Swain MA (Oxon) FCA Radford & Sergeant Limited Building 3, Watchmoor Park Camberley Surrey GU15 3YL

Bankers

TSB Bank plc 160 High St Slough SL1 1JP

Council Membership

Members of the PCC are either ex-officio, elected by the Annual Parochial Church Meeting, or coopted by the PCC in accordance with Church Representation Rules.

During 2024 the following served as members of the PCC:

Rector: The Reverend Dr Darrell D Hannah
(Chairman)
Curate: Revd David Saunders (until May 2024)
Deanery Synod The Reverend Dr Darrell D Hannah
Representatives & Caroline Kallipetis (APCM 2023 - APCM 2026)
ex-officio PCC members: Richard Hyslop (APCM 2023 - APCM 2026) (Lay Vice Chair of
PCC & Diocesan Lay Rep for Berkshire Area until 2027)
Churchwarden: Brian Bence (from APCM 2024 – July 2024)
Philip Jacques (from APCM 2024)
Elected Members: Nick Rowsell
(2ndterm) (APCM 2024 - APCM 2027)
Simon Lagden
(2ndterm) (APCM 2023 - APCM 2026)
Duncan Jones
(2ndterm) (APCM 2023 - APCM 2026)
Jayne Strand
(1stterm) (APCM 2023 - APCM 2026)
Matthew Caminer (1stterm) (APCM 2023 - APCM 2026)
Melanie Price
(1stterm) (APCM 2023 - APCM 2026)
Elizabeth Jacques (1stterm) (APCM 2024 – APCM 2027)
Co-opted Members: Caroline Marlow, Treasurer (From January 2023)
Elizabeth Groves (From April 2024)
In attendance: Sheila Sparks, Secretary & Electoral Roll Officer (from April 2024)
Helen Goodwin, Financial Adviser (from September 2024)

Deanery Synod members provide the PCC with an important link between the parish and the wider structures of the church.

Trustees Annual Report for the year 2024

Aim and Purposes

All Saints’ Ascot Heath PCC has the responsibility of co-operating with the incumbent, Fr Darrell, in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC is also specifically responsible for the maintenance of All Saints’ Church, All Saints’ Hall, the Chapel of SS Mary and John, King Edward’s Hall and the clergy accommodation at The Parsonage in King Edward’s Road.

The PCC is required by law to produce an annual report of its activities together with a financial statement identifying how the activities of the parish have been funded.

Objectives and activities

The PCC is committed to enabling as many people as possible to worship at our church and chapel and to become part of our parish community at All Saints’. The PCC maintains an overview of worship throughout the parish and, in particular, with the Ministry Team we try to enable the congregation to live out their faith as part of our parish community through:

Attendance Statistics: 2024 2023 2022
Average Sunday attendance:*
Adults 85 87 91
Under 16 8 8 11

(*includes an estimate of the Zoom figures)

Electoral Roll – 184. April 2024, 2 were removed and 3 were added to the previous roll.

Achievements and Performance

The PCC meets seven times during the year. Six of the meetings for 2024 were conducted via Zoom and one in-person meeting was held at King Edward’s Hall in July. Copies of minutes, once agreed, are put on the noticeboard at the Church and the Chapel and can be requested from the PCC Secretary.

Services during the year have all been as normal, ie 8.00 am Mass at All Saints, 9.00 am Mass with Hymns at the Chapel and 10.30 am Parish Mass at All Saints which has also been Zoomed every Sunday for those wishing to join virtually.

Our annual Lent Lunches were held for charities nominated by the individual organisers.

In March, at Fr Darrell’s recommendation, the PCC agreed that it was time to reinstate the taking up of the gifts of bread and wine to the altar during the 10.30 am Mass. This had been an integral part of our service until Covid and re-commenced on Sunday 7th April. It was also agreed that ‘Coronavirus update’ would be removed from future PCC and Standing Committee agendas as, thankfully, things were now back to normal.

At the end of April the following appeared in Pews News “Wanted: 1000 poppies. Calling all knitters and crocheters. Help wanted to produce a wonderful poppy display for Remembrance Sunday. If you can knit or crochet please produce a number of poppies in red double knit wool. Patterns available online or we can supply a copy. If you are not crafty, balls of red double knit wool appreciated. A box will be placed at the back of the church for your donations. Needed by end of September to enable us to complete our planning for the Remembrance Sunday Service”. The target was reached and please read Greta’s Flower Team report about the wonderful display this request produced and the publicity which resulted from it.

Sunday 26th May marked the 160th anniversary of our parish. It was also Fr David's last Sunday with us before moving to his new parish, the Bude Coast and Country Benefice in Cornwall. To mark the anniversary and to say "fare thee well" to David and Dianne, the Very Revd Dr David Hoyle, the Dean of Westminster, was our preacher. It was lovely to have him with us in person as he had previously preached via Zoom during Covid.

On 16th June a number of our young people were confirmed. The service was conducted by the Revd Jonathan Meyrick, retired Bishop of Lyn. He is also known as The Rocking Bishop and ended his address by singing the song “Words” written by the BeeGees.

In August our much loved churchwarden died. Brian Bence had been a member of the congregation of All Saint’s for many years and churchwarden (this time round) since October 2020 - the APCM that year had been delayed because of Covid. He had worked tirelessly over the last 4 years on church finances, buildings, maintenance, preparing the way for the Regeneration and Lighting Projects, which will now be carried forward in his name, and many other PCC matters.

October is the time for Harvest Festivals. On the 6th October we celebrated Harvest & Climate Sunday. The congregation was very generous with donations for the Bracknell Food Bank and at the end of the service we planted a tree in the Churchyard as part of Operation Noah's 20th anniversary. The preacher was Fr Martin Poulsom, a trustee of Operation Noah. A Parish Barn Dance and Supper was held on 26th October and we were invited to put on our dancing shoes and join the fun at Carnation Hall to celebrate Harvest and God's goodness.

On Sunday 10th November we held our annual All Souls’ Day Mass where everyone is encouraged to join us to remember departed loved ones.

The year raced on and it was soon the beginning of December and time for the Family Gift Service. This year Homestart Bracknell specifically requested books, pyjamas and chocolate selection boxes and we thank everyone for their generosity again.

Mr Dicken’s Christmas Conjuring - on Sunday 15th December we were delighted to welcome Brian Sibley and David Weeks for a reading of Charles Dickens’ “A Christmas Carol” with amazing magical interludes. It was a wonderful, atmospheric event and all proceeds raised were for the Regeneration Project for brickwork repair and upgrading of church lighting.

All the Christmas services were well supported and the generous collections were distributed to the following charities:

g charities:
Crib Service - £260.00 – The Children’s Society
Nine Lessons & Carols - £283.40 ) Split equally between Pilgrim
Midnight Mass - £218.10 ) Hearts, The Salvation Army
Christmas Morning 10.30 Mass - £105.50 ) and Crisis

If you are over the age of 16 and have been on the Electoral Roll for at least six months why not consider putting your name forward for election to the PCC. If you would like further information please do not hesitate to contact Fr Darrell or any member of the PCC.

The PCC would like to take this opportunity to thank everyone who works so hard to make our church the lively and vibrant community it is. Contributions from various organisations can be found in this report.

Sheila Sparks, Secretary

Review of Financial Activities and Affairs 2024

In 2024, All Saints’ Ascot both income and expenditure decreased compared with 2023. There was a small net operating loss of £1,233 including depreciation but, when adjusted for the gain on our investments, there was a small total gain of £379.

Income

In 2024, total income was £190,899, compared with £191,002 in 2023. The main reason for the difference was the receipt, in 2023, of several generous contributions to both the Church Capital Project Fund and to cover costs of the resolution of the access issues to Priory Road Cemetery. In addition, there was a higher investment income in 2024 than 2023, and further income was received on the rental of the Parsonage.

Expenditure

Total expenditure in 2024 was £191,392 compared to £213,156 in 2023.

Again, the difference was largely due to exceptional expenditure in 2023. In addition, other areas of lower expenditure in 2024 were: Mission & Charitable giving organists fees (due to no longer employing an organist), maintenance costs associated with All Saints’ Hall and accountancy fees.

Reserves

Net reserves amount to £800,424 and are analysed across funds in Note 13 to the accounts. Of these reserves, £22,451 was held in the TSB Bank current account, £97,597 in the CCLA deposit account and £1,342 in a Community Lunches account.

Reserves Policy

In 2022 the PCC agreed to maintain at least six months’ average expenditure in unrestricted reserves. Unrestricted reserves at the close of 2024 were £94,247. Unrestricted expenditure for 2025 is forecast to be £207,157. This represents around 5.5 months expenditure, so the reserves are close to the target set in the reserve policy.

Rector’s Discretionary Fund

The Rector holds unrestricted funds identified to be used at his discretion to help people in need of support. At the end of 2024, the allocated fund was £8,007. During 2024, 3 grants were made, totalling £1,410.

Other creditors

The PCC holds money in its main account for The Friends of All Saints (£3,225 at 31 December 2024). This is recorded on the balance sheet within Creditors. The Friends exists to allow former members of All Saints and others to keep in touch and continue to support the aims and mission of the church.

Structure, Governance and Management

The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At All Saints’ Ascot Heath the membership of the PCC consists of the Rector, the Curate, Churchwarden(s) and members elected by those members of the congregation who are on the Electoral Roll of the church. All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

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.

The full PCC met six times during the year via Zoom and occasionally in person.

Statement of Responsibilities of Members of the PCC

The trustees (members of the PCC) are responsible for preparing the PCC’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper 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 Church Accounting Regulations 2006. 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.

On behalf of Members of the PCC:

Revd Dr Darrell D Hannah

Date: 17 September 2025

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

Independent Examiner's Report to the Trustees of All Saints’ Church, Ascot Heath

THIS PAGE LEFT BLANK PENDING THE INDEPENDENT EXAMINER’S REPORT

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES

For the year ending 31 December 2024

Note
Unrestricted
funds
£
Restricted
funds
£
Endowment
funds
£
INCOME
Voluntary income
2(a)
108,143
1,980
-
Income from investments
2(b)
6,613
-
1,206
Church activities
2(c)
62,302
-
-
Other trading activities
2(d)
9,915
-
-
TOTAL INCOME
186,973
1,980
1,206
EXPENDITURE
Cost of generating funds
2,173
-
-
Church activities
3
183,470
5,749
-
TOTAL EXPENDITURE
185,643
5,749
-
NET (LOSS)/SURPLUS BEFORE
INVESTMENT GAINS
1,330
(3,769)
1,206
NET GAINS/(LOSS) ON INVESTMENTS
686
-
926
NET (LOSS)/SURPLUS AND
MOVEMENT IN FUNDS
2,016
(3,769)
2,132
TRANSFERS BETWEEN FUNDS
5,000
(5,000)
-
TOTAL FUNDS BROUGHT FORWARD
712,117
47,464
40,464
TOTAL FUNDS CARRIED FORWARD
719,133
38,695
42,596		 TOTAL
2024
£
110,123
7,819
62,302
9,915
190,899
2,173
189,219
191,392
(1,233)
1,612
379
-
800,045
800,424		 TOTAL
2023
£
128,272
4,978
48,373
9,379
191,002
734
212,422
213,156
(22,154)
4,113
(18,041)
-
818,086
800,045

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

BALANCE SHEET AT 31 DECEMBER 2024

Notes
FIXED ASSETS
Tangible
6
Investments
7
CURRENT ASSETS
Debtors and prepayments
8
Cash at bank and in hand
9
LIABILITIES
Creditors – amounts falling due
within one year
10
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
Restricted
11
Endowment
12		 2024
£
£
629,443
54,193
683,635
9,454
121,389
130,844
(14,924)
115,920
799,557
718,266
38,695
42,596
799,557		 2023
£
£
635,071
52,581
687,652
8,163
128,160
136,323
(23,930)
112,393
800,045
712,117
47,464
40,464
800,045

Approved by the PCC on 17 September 2025 and signed on its behalf by:

Revd Dr Darrell D Hannah

PCC Chair

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024

1. ACCOUNTING POLICIES

1.1 Basis of preparation

All Saints’ Church, Ascot Heath Parochial Church Council (“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 individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions and the Charities SORP (FRS102).

1.2 Income recognition

Open plate collections are recognised when received by or on behalf of the PCC. Planned giving under Gift Aid is recognised when received and the associated recoverable income tax is recognised when the income is recognised. All other donations and receipts for church activities are recognised when received.

Income from investments is recognised when receivable.

1.3 Expenditure recognition

Parish share is recorded when payable. All other expenditure, including mission giving, is recorded when paid.

1.4 ASSETS

1.4.1 Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements.

1.4.2 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 that can be inspected (at any reasonable time). For inalienable property acquired prior to 2000, such assets are not included in the accounts. Items acquired since 1 January 2000 have been capitalised at cost and depreciated over their useful economic life.

All expenditure incurred on consecrated or beneficed buildings or on the repair of moveable church furnishings acquired before 1 January 2000 is written off as expenditure in the year.

1.4.3 Tangible fixed assets

These are capitalised if they can be used for more than one year and cost at least £500. They are stated at cost.

Depreciation is calculated to write off the capitalised cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

An impairment review is carried out at each year end and any resultant loss identified included in expenditure for the year.

1.4.4 Investments

Investments in securities held with CCLA and ODBF are valued at market value as advised by those institutions.

1.4.5 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.

1.4.6 Pensions

The PCC operates a defined contribution pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

1.5 FUNDS

1.5.1 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.

1.5.2 Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

1.5.3 Endowment Funds

These represent capital funds in perpetuity which may not be spent. Income arising is spent for the purposes under which the endowments were made.

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

2.
INCOME
Unrestricted
Restricted Endowment
funds
£
funds
£
funds
£
2(a) Voluntary income
Planned giving: Gift Aid donations
78,523
-
-
Tax recoverable
12,476
-
-
Other
11,591
-
-
Collections: (open plate)
7,533
-
-
Grants
-
110,123
-
-
-
-
2(b) Income from investments
Dividends
6,324
-
1,206
Bank interest
289
-
-
6,613
-
1,206
2(c) Income from church activities
Fees for occasional services
7,447
-
-
Church and Parish Room lettings
43,164
-
-
Parsonage Rental Income
8,000
Parish-wide events
1,305
-
-
Other
775
-
-
60,691
-
-
2(d) Income from other trading activities
Ascot Week
9,915
-
-
9,915
-
-		 TOTAL
TOTAL
2024
£
2023
£
78,523
80,444
12,476
19,429
11,591
22,393
7,533
6,006
-
110,123
-
128,272
7,530
1,364
289
3,614
7,819
4,978
7,447
4,829
43,164
42,234
8,000
-
1,305
708
775
602
60,691
48,373
9,915
9,379
9.915
9,379		 TOTAL
TOTAL
2024
£
2023
£
78,523
80,444
12,476
19,429
11,591
22,393
7,533
6,006
-
110,123
-
128,272
7,530
1,364
289
3,614
7,819
4,978
7,447
4,829
43,164
42,234
8,000
-
1,305
708
775
602
60,691
48,373
9,915
9,379
9.915
9,379

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

3. EXPENDITURE

Unrestricted
Restricted Endowment
funds
funds
funds
£
£
Notes
Church activities
Mission and charitable giving
3,866
-
-
Diocesan parish share
85,535
-
-
Staff employment costs
4
12,366
-
-
Church maintenance
1,202
-
-
Churchyard upkeep
-
-
-
Occasional service fees paid to Diocese
-
-
-
Choir/music
2,922
-
-
Church supplies
953
-
-
Utilities
8,174
-
-
Church hall – ASH
11,700
-
-
Church hall – KEH
13,553
-
-
Parsonage
4,546
-
-
Insurance
5,498
-
-
Flowers
-
-
-
Clergy expenses
2,536
-
-
Social events
2,721
-
-
Legal fees
2,460
-
-
Memorials
-
-
-
Organist
4
4,915
-
-
Independent examiner’s fees
-
-
-
Accountancy fees
7,474
-
-
Defibrillator
1,939
-
-
Office and administration
12,984
-
-
Depreciation
-
5,628
-
185,764
5,628
-		 TOTAL
2024
£
3,866
85,535
12,366
1,198
-
-
2,922
953
8,799
11,251
13,377
4,546
5,498
-
2,536
2,722
2,460
-
4,915
2,760
7,474
1,939
12.984
5,628
191.392		 TOTAL
2023
£
10,727
87,281
11,013
4,357
-
-
1,871
1,175
9,598
16,434
13,827
3,032
5,310
-
2,439
-
1,459
1,443
8,615
2,760
9,452
1,897
14,106
5,626
212,422

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

4. STAFF

The Parish Administrator’s gross salary costs are shown in Note 3.

The Parish Administrator is enrolled in the People’s Pension Scheme.

No benefits in kind were paid.

5. MEMBERS OF THE PCC

No member of the PCC (or any persons connected with them) received any remuneration or benefits during the year in respect of their membership of the PCC. Certain expenses incurred on behalf of the PCC were reimbursed.

The Rector was reimbursed for expenses amounting to £2,536 (2023: £2,439).

6. TANGIBLE FIXED ASSETS

Cost or valuation
Fixtures,
Plant and
Land and
Fittings and
Equipment
Buildings
equipment
£
£
£
At 1 January 2024
11,862
612,769
26,607
Additions
-
-
-
Disposals
-
-
-
At 31 December 2024
11,862
612,769
26,607
Depreciation
At 1 January 2024
8,895
-
7,983
Charge for the year
2,967
-
2,661
Written back on disposals
-
-
-
At 31 December 2024
11,862
-
10,644
Net book value
At 31 December 2024
-
612,769
15,964
At 31 December 2023
2,967
612,769
18,625		 Total
£
651,238
-
-
651,238
16,878
5,626
-
22,506
628,733
634,361

Land and buildings comprise King Edward’s Hall (freehold), The Chapel of Saint Mary and Saint John (freehold), All Saints’ Church Hall (leasehold) and The Parsonage (freehold).

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

7. Investments

CCLA – Fixed Interest Securities Fund
Number of shares
At 1 January
Dividends reinvested
At 31 December
Market value
Endowment funds (Note 12)
Total investments
8.
Debtors and prepayments
Income tax recoverable
Debtors
9.
Cash at bank and in hand
TSB Bank plc – current account
Community lunches account
CCLA Deposit Account		 2024
8,371.21

215.44

8,586.65

£
12,803
41,390
54,193
2024
£
6,679
2,775
9,454
2024
£
22,451
1,342
97,597
121,390		 2023
8,188.52
182.69		 2023
8,188.52
182.69
8,371.21

£
12,117
40,464
52,581
2023
£
5,796
2,367

2023
£
5,796
2,367
8,163
2023
£
30,190
457
97,513
128,160		 8,163

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

10. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals
Friends of All Saints
Other creditors		 2024
£
7,127
2,834
4,963
14,924		 2023
£
14,438
2,759
6,733
23,930

11. Restricted funds

The income funds of the charity include restricted funds comprising the following donations and grants held on trust for specific purposes as listed below:

Balance at 1 Transfer to Balance at 31
January 2024 Income Expenditure Unrestricted December 2024
Youth 1,616 - - - 1,616
Eco/Future development 19,336 - (2,661) - 16,675
2014 717 - - - 717
Organ refurbishment 5,948 - - - 5,948
Church capital projects - 15,866 - - 15,866
Church and Churchyard 519 1,013 123 - 1,409
Messy Church 496 - - - 496
Camera System 2,966 - (2,966) - -
37,491 16,879 (5,504) - 42,973

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

12. Endowment funds

Blake Trust
Lucas Legacy
Paterson, Barnett, Clarke (Ascot Heath Trusts)
General May Trust
Weigall Trust		 2024
£
1,226
2,590
14,359
3,191
20,024
41,390		 2023
£
1,198
2,532
14,038
3,120
19,576
40,464

The capital of these endowment funds is perpetual and cannot be spent. The capital is invested in CBF investment funds under the custody of the Oxford Diocesan Board of Finance.

Income arising from these funds is allocated as follows:

Blake Trust – for the upkeep of the church and churchyard so long as certain graves are maintained.

Lucas Legacy – for the maintenance and improvement of the church fabric.

Paterson, Barnett, Clarke (Ascot Heath Trusts) – 15/37ths for the maintenance of the churchyard, 10/37ths for maintenance of Ascot Heath CE School, 10/37ths for school managers for school prizes, 2/37ths for annual school prize.

General May Trust – for the upkeep of the church and churchyard as long as the grave of the Rev. Marrow is maintained.

Weigall Trust - for the upkeep of the church and churchyard as long as the grave of the Weigall family is maintained.

13. Analysis of net assets between funds

Unrestricted
Restricted Endowment
funds
funds
funds
£
£
£
Fund balances at 31 December 2024 are represented by:
Tangible fixed assets
612,769
16,675
-
Investments
12,803
-
41,390
Current assets
105,509
25,335
-
Creditors: amounts falling due within one year
(14,924)
-
-
716,157
42,010
41,390		 Total
£
629,444
54,193
130,844
(14,924)
799,557

ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2024 (continued)

14. Financial commitments

In January 2025 the PCC approved a forecast for income and expenditure for 2025 with a £14,300 deficit. Many parishioners are now using the PGS scheme, which offers an option of increasing regular giving annually by the rate of inflation. Parishioners who give regularly will be encouraged to take part in this scheme and information regarding the deficit and the need to raise funds will be shared with the congregation. The forecast includes a commitment to give £8,720 to mission organisations.

It was agreed to make a card machine available at every Sunday 10.30 service to enable attendees to make a contribution by debit card if they wish to.

Two active projects for the church building are ongoing:

Fund raising is ongoing for these two major capital projects and total raised so far is listed under Church Capital Projects Restricted Fund.

The Quinquennial inspection completed in 2024 showed that, in addition to the issues above, there were some more significant items: some slippage of roof tiles that might indicate a need in the medium term for roof replacement; a recommendation for a conservator to inspect the canvas mounted wall painting given evidence of cracking; a need to monitor any progress of damage to chancel wall paintings at low level.

The current gas boiler is reaching the end of its design life and, as recommended by a diocesan funded energy audit of the church, a plan should be developed to consider a net zero replacement. The solution will depend upon the optimal environment to protect the wall paintings – advice is being sought on this matter. Either way the solution will require significant capital expenditure. A further review carried out of All Saints’ Hall showed that the gas boiler is well beyond its expected lifecycle and recommended that prompt attention be given to developing a plan to move to net zero. Given the type of building this should not be complex and correspondingly an easier first step to make than the church itself.

Our curate, David Saunders, took up his new post in May 2024 and, with no new curate expected until 2026, it is planned to continue to rent out the Parsonage during 2025 to provide another income stream and offset the costs of the building.