THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
Charity Registration no: 1154122
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Administrative Office:
The Vicarage Church Road Peasedown St John BATH, BA2 8AA
Incumbent:
Reverend Matthew Street The Vicarage Church Road Peasedown St John BATH, BA2 8AA
Bankers:
National Westminster Bank Plc Midsomer Norton Branch 3 High Street Midsomer Norton RADSTOCK, BA3 2ZY
Independent Examiner:
RHW Beath BSc FCCA Ashlar House 58A Combe Road Combe Down BATH, BA2 5HZ
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
INDEX TO THE REPORT AND FINANCIAL STATEMENTS
CONTENTS
| Trustees’ Annual Report | 1 – 5 |
|---|---|
| Independent Examiners Report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 - 11 |
| Membership of the PCC | 12 |
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochial Church Council
The Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent in promoting within this parish the whole mission of the Church – pastoral, evangelistic, social and ecumenical. The PCC registered with the Charity Commission on 7[th] October 2013. Members of the Council are either ex-officio or elected by the Annual Parochial Church Meeting. The appendix to this report lists those who served as members of the Council during 2024. PCC membership remained at 14 members this year. Three PCC meetings were held in 2024 with an average attendance of 9
Buildings
The principal buildings available to the Church Family are: St. John Baptist Church, Church Road, Peasedown St John, BA2 8AA – consecrated 1892 The Church Hall, Church Road, Peasedown St John St. James the less Church, Foxcote – established 1325 Green Street, Foxcote, BA3 5YE. St Julian’s Church, Shoscombe St Julian's Road, Shoscombe, BA2 8NB
Governing Document
The charity is governed by the Parochial Church Council Powers Measure (1956) as amended and church representation rules.
Public Benefit
The charity has due regard to the guidance published by the Charity Commission on public benefit.
Risk Management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Review of the Year
The PCC, in its leadership role in the church made possible a wide range of activities this year by supporting financially and prayerfully the following events and people.
Regular Sunday Worship Three services take place every Sunday:
Two at St John’s Church, one on the morning at 10.30am and the other, known as Soul Food, in the afternoon at 4.30pm.
One at 11.15am either at St James the less, Foxcote between April and October or St Julian’s Shoscombe between November and March.
A monthly service takes place at St John’s Church, on the first Sunday of the month, known as Bubble Church at 9.15am.
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
Somer Valley Foodbank
This Trussell Trust foodbank continues to operate in co-operation with other local churches to provide three days of emergency food for those in crisis.
Pre-School Ministry
Little Lights held in St John’s Church building on a Monday and Friday morning between 10am and 12noon enables us to engage with young families in the area on a weekly basis.
2024 Sermon Series ‘Mission to the Lost’
Looked at twelve different aspects of mission that challenged us to leave our comfort zones and to recognise ‘ the lost ’ in our society today.
Mission and Outreach
Donations of £9,000 (£9,186 in 2023) to our mission partners: Redeemer Primary School in Baghdad, Bibles for Children, One-25, Tutela Africa, Flame International, SAT 7.
Financial Review of the Year
Total incoming resources for 2024 were £399,607 (2023 £343,890). This is made up of £176,942 of unrestricted funds and £222,665 of restricted funds.
Expenditure for 2024 was £383,397 (2023 £308,926). This is made up of unrestricted expenditure of £176,356 and restricted expenditure of £207,023.
At the end of the year, the charity had unrestricted cash reserves that represented approximately three months of unrestricted expenditure on its activities based on the 2024 budget.
Conclusion
We end the year seeing how faithful God has been in providing for our needs as we seek to do his work in the parishes of Peasedown St John, Foxcote and Shoscombe and looking forward to the continued growth of activity in the coming year.
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
Statement as to Disclosure of Information to Auditor
In so far as the trustees are aware:
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there is no relevant audit information of which the charity’s auditor is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Statement of Trustees Responsibilities
The trustees are responsible for preparing the Trustees 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 and 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 the period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charity SORP;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements in the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 the trust deed. 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 the PCC
Reverend Matthew Street Date: 6[th] April 2025
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner’s Report to the PCC of Saint John’s Peasedown for the year ended 31[st] December 2024
This report on the financial statements of the PCC for the year ended 31[st] December 2024, which are set out on pages 1 to 5, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and section 43 of the Charities Act 1993 (“the Act”)
Respective responsibilities of the PCC and the examiner
As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirements of the Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the Church Guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that in any material respect the requirements
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To keep accounting records in accordance with section 41 of the Act; and
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To prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met: or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Richard HW Beath BSc FCCA 58a Combe Road Combe Down Bath BA2 5HZ 8th March 2024
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
| Statement of Financial Activities | ||||||
|---|---|---|---|---|---|---|
| Balance Sheet as at 31 December 2024 | ||||||
| Income and Expenditure | ||||||
| Notes | Unrestricted | Restricted | Total 2024 | Total 2023 | ||
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| Incoming Resources | ||||||
| Voluntaryincome | 2 | 130,931 | 0 | 130,931 | 116,397 | |
| Activities forgeneratingfunds | 724 | 140,973 | 141,696 | 140,544 | ||
| Investment income | 6,564 | 0 | 6,564 | 5,473 | ||
| IncomingResources from Charitable Activities | 38,724 | 81,692 | 120,416 | 81,476 | ||
| Total Incoming Resources | 176,942 | 222,665 | 399,607 | 343,890 | ||
| Resources Expended | ||||||
| Costs ofgeneratingvoluntaryincome | 0 | 0 | 0 | 0 | ||
| Fundraisingtradingcosts | 1,141 | 0 | 1,141 | 2,286 | ||
| Investment management costs | 0 | 0 | 0 | 0 | ||
| Charitable expenditure | 3 | 139,182 | 207,023 | 346,205 | 272,764 | |
| Governance costs | 36,034 | 0 | 36,034 | 33,876 | ||
| Total Resources Expended | 176,356 | 207,023 | 383,379 | 308,926 | ||
| Net Movement in Revenue Funds | 586 | 15,641 | 16,228 | 34,964 | ||
| Transfer to restricted | 7,051 | (7,051) | 0 | |||
| Prior Year adjustment | 0 | 0 | 0 | |||
| Balances brought forward 1/1/24 | 346,735 | 117,259 | 463,995 | 257,443 | ||
| Total Funds to carry forward 31/12/24 | 354,372 | 125,850 | 480,222 | 292,407 |
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN WITH FOXCOTE AND SHOSCOMBE FOR THE YEAR ENDED 31 DECEMBER 2024
| Balance Sheet | ||||
|---|---|---|---|---|
| At 31st December 2024 | Dec-24 | Dec-23 | ||
| Notes | £ | £ | ||
| Fixed Assets | ||||
| Tangible fixed assets | 4 | 485,122 | 446,784 | |
| 485,122 | 446,784 | |||
| Current Assets | ||||
| Debtors | 864 | 864 | ||
| Cash at Bank and in Hand | 3,264 | 5,523 | ||
| Deposit, food bank, CBF accounts, Hive, Movement | 155,785 | 148,085 | ||
| Friends of Foxcote, main Foxcote account | 8,867 | 8,962 | ||
| SVFB CBF deposit | 64,524 | |||
| Total current assets | 233,305 | 163,434 | ||
| Creditors: amounts fallingdue within oneyear | (596) | (842) | ||
| Net Current Assets | 232,709 | 162,593 | ||
| Total Assets less Current Liabilities | 717,831 | 609,377 | ||
| Creditors: amounts fallingdue after | ||||
| more than oneyear | 0 | 0 | ||
| Net Assets | 717,831 | 609,377 | ||
| Represented by: | ||||
| Funds | ||||
| Restricted Funds | 5 | 125,850 | 117,259 | |
| Unrestricted Funds | 6 | 354,372 | 346,735 | |
| Revaluation Reserve | 237,609 | 199,609 | ||
| 717,831 | 663,604 |
Approved at the Parochial Church Council held on Thursday 6[th] February 2025 and signed on their behalf by:
Reverend Matthew Street
The notes on pages 9 to 11 form an integral part of these accounts.
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below.
(a) Basis of accounting
The financial statements have been prepared on a cash basis and have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in 2015 and applicable UK Accounting Standards and the Charities Act 2011.
(b) Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in the furtherance of the general objects of The Charity.
Restricted funds are to be used for specific purposes as specified by the donor.
- (c) Incoming resources
All incoming resources are included in the Statement of Financial Activities when The Charity receives the cash into the bank accounts.
Investment income is included when actually received.
(d) Resources expended
Expenditure is recognised on a cash basis as a liability is incurred.
(e) Tangible fixed assets and depreciation
Tangible assets are stated at cost. No depreciation is attributed:
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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7. PCC MEMBERS WHO ARE TRUSTEES’ REMUNERATION, EXPENSES AND TRANSACTIONS
The PCC members who are also Trustees did not receive any remuneration for their role as Trustees and were not reimbursed for any expenses incurred in carrying out their duties as Trustees.
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THE PAROCHIAL CHIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Appendix 1
Membership of the Parochial Church Council
Clergy Rev Matthew Street
Incumbent from January 2005
Church Wardens Richard Downing Nigel Vening
(elected 2024 for a 1 year term to 2025) (elected 2024 for a 1 year term to 2025)
PCC Member s
Ben Attenborough Sarah Bubyer Margaret Coles Sally Cummings Joy Fraser Bob Goode Claire Mitchell Kathy Pope Alona Zubko
(elected 2023 for a 3 year term to 2026) (elected 2023 for a 3 year term to 2026) (elected 2022 for a 3 year term to 2025) (elected 2024 for a 3 year term to 2027) (elected 2023 for a 3 year term to 2026) (elected 2022 for a 3 year term to 2025) (elected 2023 for a 3 year term to 2026) (elected 2024 for a 3 year term to 2027) (elected 2023 for a 3 year term to 2027)
Deanery Synod Members
Jo Vening Jane Street
(elected 2023 for a 3 year term to 2026) (elected 2023 for a 3 year term to 2026)
PCC Secretary Jo Vening
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