ST GILES CHIIRCH HORSTED KEYNES ANNUAL REPORT FIL¥ANCIAL STATEMEIYTS of the PAROCHIAI. CHURCH COUNCIL for the year ended 31st December 2024 CONTENrs Pages I to 6 Report of the Independent Examiner Page 7 stateDnt of FinaDcAal Activities (SOFA) Pt8 Balance Sheet Page 9 Notes to the Financial Statements PagG8 Ioto 15 RECTOR The Reverend David Murdoch The address of the rectory is :_ The Rxtory, Station Roa Horsted Keynes, HAYWARDS HEAT RH17 7ED. The PCC bths priDwily wtth :. CAF BANK LimiteA Kings Hill, West Mallin& KenL ME19 4TA. The itid¢p¢ndent ¢xamintt is :. Mr A P Peel Cross The Herniilage, Church 12ne. Horsled Keyt HAYWARDS HEATIL RH17 7AY. CHARrrY COMMISSION RECISTRATION The PAr(Khial Church CowKil is a re clwity. No. 1154482.
HORSTED KEYNES PAROCHIAL CEIURCH COUNCIL Registered Charlty Iyumber 1154482 ANNUAL REPORT for 2024 Administratlve Inforniatlon SL Giles Church (Grad¢ I listed) is Situated in Church LaD4 Hor*¢d Keynes RH17 7AY. It 15 part of th¢ Diorese of Chichester within th¢ Churknh of England. All COTrespondaKe should be addressed to HKPCC. The Martindale Centre, Ststion Roa4 Horsted Keyne4 Haywards Heath. RH17 7ED. St Giles Horsted K£ryn¢s is a registeted clwity nuttth¢r 1154482. During the year the followiDg setved as members of Ihe Parothial Church Couocil (PCC): Rector. Fr David Murdoth IPCC Chaimknin) Curate: Fr Petrr Sutton Churchwardens: MTS B8rbara Fairw¢ath¢r Mr John Whiting {elted April 2024) (elect ApTiI 2024) Deanery Synod Representativ. MTS Heidi Mowforth MT Solw Wbiting (until 2026) (until 21r26) Elected M¢mb¢TS". Miss Judith Bowron Mr John Emery Mr Martin Gov&s (freasurer) Mr David tAmb Mrs Th¢lrna Mas(m (Until APCM 2024) (until 2026) (until 2025) (until 2025) (until 2026) c(opted Members: Mrs Marion kn)tt Mrg Alison Coulson (ex-officiffj MCMC chair) {ctropS&J until APCM 2025) The PCC made the following appotDtrnents: PaTish SafegUdIng Offic¢r Mr Dufy Parry (until Juty 2024) Mrs Th¢In Mason (from July 2024} Electoral Roll Officer MTS Fiona Price Strueturey Eoverngnee and management Membership of the KC is dderMIn und¢r the Church RepresentiKion Rules and consists of ex-officio meftnbers (Churchwarden(s), the nwnbers of the Di(¢san and Deany Syni)ds), th¢ ¢hairn)an of the Martindale Centre Management Committee ("co-OPted). Etnd up to 9 members of the church wbo are elected at the Annual Parochial Church Meeting (APCM). The PCC Setretary and TasUre[ are elected by the PCC. The PCC is resrM)nsible for a wide rarige of matters affecting the parisb arf iti their capacity as trnslee& members of the PCC are responsible for the SteWar(lIp of fimd% the appropriate accounting 2nd rertiThg of parish fJnane&g. and compliallce with legislatlon applying to health and safety. disabllity, and safeguarding children and vultlerdble adults. The PCC joins and unites the WO of the Church, its committtt& school governors and the Friends of Horsted Keynes Church. Page I
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Registered Charity Iyumber 1154482 IINNUAL REPORT for 2024 (continued) The following [LItte¢S are rwonsible for V103 aspects of the responsibilities and business ofthe PCC. and report to the PCC: Standing Commiuee: is a stcwing group. wbich bas w)wer to transact the business of the PCC between its meetings. Finance Committee: Overn the genernl financial dimension of the WOTk of SL Giles's by monitoring income and eKpenditure. budgeting and establishing and reviewing appropriace financial controls. The Finance co1kllnlte employs the services of Mr Steve Brenttdl to give a¢counting and strateg&¢ advice arwj to Prepa the Managemen¢ alld Annual marti1ale Centremanagement Commiltee: the day to day adn)Ioll maintenance of the Martindale Centre. Fabric Coppjmith: ovet5ees nla1nter*a of the Cburth building Jnd fabric. ChiirchvaTd CGrnmittee: is reswD3ible for Ihe maintenance of the cburchyard and safety asPts of thc a For all the Family Group." an infomial group which Tneets aknt once a month to plan the ne.xl monthly 'For all the Famity. EucharisL and aspires to rekindle a Sunday club. Friends ofHorstedKeyne5 chh." exists to help. both with funding and in other practical way& the maintenance. repair. beautifitIOn and dclopment of the church buildg. its p(Bsessions and its chvrchyard. Health and Safety The PCC Makes pmvision to consider health and safety i&sues at every meeting Witb an eye to overseeing and updating the risk assessment under ongoing scrutiny by church officers acro&s comTnittecs who develop systeTllS and proceduTes to manage the risks ill their sq)arate spher. Mr John Whmng continued as Health and Safety Officer. Safeguarding Th¢ Safeguarding OtTicu T to the PCC on a regular b&sis and the PCC fflak provision to consider safeguarding issues at every rneeting. The PCC has complied with the duty to have 'due TegaTd' to the House of BTshops' Safeguarding Policy and Practic£ Guidance. Publw Benefft The PCC acknowledges its requirements to clearly d¢nk)nstrdte tho 18 a cbarity a]ming kn advance religio it must have charitable purposes or 'aiu]s' that aTr for the public benefiL Details of how tl)e PCC hai acbieved this are provided in this rwrL The PCC works with the Rector to facilttate the worship ofAlmighty G. growth of thc Ch]istiall Church and service to others in and beyond the parish in xcordance with jes8. commandment to low; our neigbbour. With these key aims iti mind Horsted Keyn&s PCC has established objectives in its current Nlission Aaion Plan (MAP). Our vision iv Yo be£ome betteTfoll0we of chri bv loving God and loving othery". Our agreed Initiatives to achieve our objectives are split into iwo groups. the fjrst aiJned at becoming better disciples (You shall love the Lordyour God with all)vur heart and with all vour so. and with allyour niind). and the Soa at becoming better 8eryants (You shau loirwur neigAbour yourselj). Page 2
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Registered Charity Iyumber 1154482 ANNUAL REPORT for 2024 (continued) Rector's Report l am going to start by repe8ts.ng some things I said at the end of my report last year. Not to test your memoTie8, too late for that now. NOL l Elope to ix>Te YO Rather because they need to be said and people need to be thanke¢L for they are ail part of the team that enable our church to flourish and make our parish so special. It is a great Joy and bleittg to serve in such a great village. with a warni and suptiVe Conggation. active COmTnunity, very beauti1 church and lovety R. The APCMS are ali Opportslty to thank pcople too numLTOUS to rncntion by naTnc an(L as always. T apologise if I Icavc allyonc eut.. Fr Pctsr for bcing such an cxccllcnt colleague. Churchwardens. Se•. Tre&sureT. PCC memlxrs" orbatiisL pi&ii8ts and choir. serveTS. sides-people. sacristans and verger. cleana4 cburchyard workers and flower amgm. These and others are so Im)allt in caring for the churcb buildtng alld parochial administration. Thell there are tIM)se- sA>me the same, some th"fferent- who do so much in tern of our Outrcach: hcadteacher and staff at St GiScs' sch1. P & P Maga7ine F.ditor. Icadcrs and hclpers ai First Step4 'God is our rock. Friday after Sch] Club, Friends of HK Church (FOHKC), Friends of our Church School. HK&f& HK Help: Life and Faith GTOUP. Willage lunth" all who lead on our bi-monthly church charities. All the folk who 5irnply turn up to be part of our worsh¥ing cornmunity. tast but by no meaw least, my (kar wife. Christine, for all her SUPFK)rt to me and to the paTisb ID 50 very rny Y5. Now a month.by"IDonth refifxtion on some pptochial aDd person81 highlights: JaDuarv- Near ti) the start of the year we held an Epipbany Eucharist for our Chwch Sdjool. Although they have their reporL i alTY5 enjoy the FOHKC even and the splendid BUTDS Night especially stand5 Out. Febrnary- We hi)sted our innual Deanery teaching morning at the Martindale. It was well attendoj and all enjoyed hearing Revd Dr Far] Collins, Diocesan Dir¢dor of Continuing Ministerial Development and a Vicar in Hov< who SFrf)ke about the Bible. He is aiways interesting and infOrntiVe and will be corning again (this time to Haywards Heath) in 25. Our IMt eA)urse w&8 on the Baptismal Promises. from the Church of EnglaDd Pl1) C4)uThe. It doubled up as cothatiOD prepardtion for two a(knlts from our parislL M2reh- On Mothering Sunthy we held a re-union for families whose cbildren have been baptiT£d here in recent years on Motbering Simday. Fr Peter orgatiized a Stations of the cro for the Church Schi)ol. He and I worked with the children to tsxplain them. In r&sw)Dse they produced art works which were displayed in school and church. wth groups of children walking an)und and hcaring reflections. di8cussiTtg them and being offered a PTayer. My very enjoyable and interesting year &$ Chaplain to the High Sherriff of West sUX me to an April- Paul and Atm Spetch celebrated their fjoldcn Wedding by renewing their vows al an All-age Eucharist. Our soo Simon. and his wife. Nettle had their Marriage blessed in cbuTch and ¢¢l¢brated afterwards at the EthIe (tre. The only oiher wedding of the year ti)ok place the Dext weeL and was that of my predecessor, Fr JoF]n and Ann Twistleton's son and his fiancée. Surely it must be some kind of bistoric Tewrd for two successive prIts to have their sons Marri on two Succ1Ve Sattrdays in their paTish churchl May- Fr Peter led the RogatK)n All-age EucharisL taking us out to pray for different things around th¢ churchyard and sch1 grourids. Fine weather again enabled the School A$70 I>dy EhariS1 to be held in the churchyar<L The Archd&. made a visitatTon. which involved members of the Standing ConTmittee in hard and fruitlul wot* of prepardtion. Jobn Ivhiting had bccn scriously unwcll. but B8Tbara Fairweather and I WeTC dclightcd that he Tecoytyyed enough to join us for the admi&sion of Churchwarden& June- It was a joy for us to host the Deanery Confirntioll, at which Bishop Ruth Lx)nfjed our two candidates with others from Cuckfield al Lindfield parth. Juty- With sadne4 we 88i(I goodbye to JOS the Danehill youth W0er who had been leading HKafe for some years. It has fictioned well with J$t volunteers sitice, althougb discussions are ongoing about a pos8]Tr)Ic future youth worker. PSO Duffy Pary. who w&s also safeguarding Icad on th¢ School Governors, w¢nt with his family lo work abroad for a timc. He was quickly rcplaced by Thelma Mason. Page 3
HORSTED KEYNES PAROCHtAL CHURCH COUNCIL Registered Charity Number 1154482 ANNUAL REPORT for 2024 (continued) August- As Chaplain to the BlUell rdilway. I IHI the great joy of ble%]llg 'Beacbey Hd,, a locomotive which had been built almosi from scrdtcb over many yea. She then hauled us whlle we had all excellent lunch, coincidentally celelyakng Cbristine's birthday. SeptemlJer- Fr Peter again t(M)k outside to eelebTate our patron. St Giles: the churchyard shed doubling up as St Gilcs. Hcrmitagc! Alison Coll1150n. a mcrnbLY of our congrcgation. w&s apy)ivttcd Hcad of St Gilcs Sch(yol. replacing Hilary Douch. She WOTks with Jamic Savagc. WIM) is Ex'ecutive Head of both our school and St Peter's Ardingly. I started to r¢ceive my s12te old age pension and got my bus pa&8! Geofftcy Vessey Holt kindly joined me agaTn to take part in the Ride and stiide sponsored walk. Oetober- A new set of school bishops w&8 clecte4L Thcy arc proving to bc outstanding public rcaders. TryiDg lo keep this quiet al the time. I attended an excellent c4)nfrnce on 'Trans'ition to Retirement. at Cuddesdon (Oxfordthire} wbere I weni to Theological Colleg& . November- After agreeing with PCC and Royal British Legion we cotnbin(xl our [revio8 shortened Parish EUchl$t followed by Remembrance Sunday Service into one Remembrance Parlsb EucharisL The aitn was to bring togcther the younger PP]e wlK> bad been cA)mI for the Ioajn Savice with the oldff ones att¢DdiDg the I l arn. There were a number of favournble conTments and no complaints! December- We joined other churches in and around Haywarlls Heath in having an Angel theme for our pr Christmas services. Different organizations and indiv1thIS made and displayed wonderfully different angels in time for the school Carol Service. and they stayed up Until Epiphany. We also held li n angel-thaned parish Carool SVIce with an excellent home-grovm choir. whicll was well attendeA. Chri%ttingie and Cl]risthL morning attendances were up. with Midnigbt Ma&8 holding its own. * It was subsequently announc early in 2025, Fr David will retir¢ ()n 30 June. Whatever you In word or drf do everything in the natne of the iA)rd Jesus. gfvlng thanks to God the Father through lthn.. Colosswis 3.17 Athlevernents and Perfomnce The Elcctoral Roll w&$ rewewed. 117 were on the roll. with 2 died and no new rnembers" 21 not resident in the village. The maximtjm number attendirtg on any Suoday in October V47S 50, including 9 Cknildre the average nuttther being 36. Both these figures included pcople attending by ZoollL 15 people attended the AU Sou15 Requiem. with 13 tskiDg Communion. AttetMJan¢e at S¢m"ces is fairly wn5tant thou8h remains loiver than pTrpandetnic lei"¢ls. The Zoom invitation is sent most Sundays to the majority included on the El¢rti)ral Roll with 50Flle regular attelldees. including some residents at Westall House. One resident receives Home Communion. A molithly Eucharist is celebrated at Westsll Hous¢. There werc I I rcgular P.C.C. meetings tIoUghOUt the year. in the Rectory during the Winter months to reduce heating C05t8 alld in Ihc Martindale Centre at other times. All su1COMMItt rnet as require4 reportiD¥ to and represellted on the P.C.C. I [) was baptisa and 2 confimied from our parish at a DeaDV Service at SL Gilw led by Bishop Ruth. There were 2 weddmgs and 12 fimeral& HKPCC higbligbts of Church life for the bfflefit of the nlUDity incbjded in 20?4: The Pilgrim Course: Turning to CbTiSt- a Course for the Christian Journey was followed as our LKnt Course at two places and times. A Carol Service was hel4 as part of the Angel Festival acro&8 the Deanerv, in Decunber in churc attended by 71 people. A Christingle Service was beld on Chrigts Eve and attended by 244 clL.Idren and &aults. HK- Help continue to provide suPrt to the tnUDity. including transport for ',medical need8 as requiraL though there is little demaniL HKafe rontinu&s ro be beld at th¢ MartiDdale Centrc during terni time. led partly by the Youth W0er trom All Saints ChuTch, Danebill, Josh Watson and subsequently by volunteers from Danehill and Horsted Keylles cateTing for Sendary school age children.
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Registered Charity Iyumber 1154482 ANNUAL REPORT for 2024 (continued) Fit Step4 the baby and knddlet group, meets at the Martindale Centre during terrn titnq giving an opportunity for small children and their paTents and to mert in a safe enviromnenL St. Giles Church of Engl8nd Prirnary School holds a weekly Collective Worship in Ghurth in tenn till. lcd by FT. Davi( FT. Pew and manber5 of the ¢ongreEatioo and a tern)ly EucharisL All services are attended by a sigwficant number of panxlti and carers. The Junior School Carol SeTvi¢e was held in ehurth and very well attend 80 children and adult& Vdlage Lunch AS held moothly in the MartIne Centre. Food is cookd by varied kattLs of volunlccrs and is enjoyed by an iocreasing number of ppIe. from the village beyond. A group of Year 6 pupils from Si. Giles School are brougbt by a Govcrnor to help sttye pudding& The Friends of Horsted Keynes Church (FOHKCI continues to raise funds to maiDtaiti the fabric of the church and the churchwd by arranging a wide r8¢ of evts, ineludiDg a parttomitne. The Wiz2rd of Oz, perfom]ed in Church. The Parish and Pan'shioner IP&P) editor continues to produce alld publish the magazitie 10 times a year. Volunteers collate and distribute them all houscs in the village and Copi are post to th08¢ r•g thcm. Flnandal Review l. The net income in 2024 was £52.5(rf). This figure is (ffi page 7 and compares with the net expenditure of £25.030 iu 2023. £50.515 of thF net income call IK atiributed ro the generous lewy left by Peter Vince of £50,( pkns the interest reccived on IL Detsils of Ihc PRV Men]oria] Fund set up for manw its ro5tricted putp)se5 ar¢ shown on pag¢ 14. 2. Table 2(a) shows that the Vab of donations and legaeies re£eived was £129.478. in¢hdin8 Peter Vince's legacy (£80.95 t ID 2023}. The level of planned giving and 2&8ociated gift aid tsx clain]able dropped again and is a significant cwjse for collrn. However, the SItfall Ihis year vrds largely offset by the exceptionally bigh income from slatutory Par(Khial Fees- rettived foi weddiDg4 funerals. etc. In additioo a special grant of £2.670 was receiv for the work carried out on the hedges in the churchyard. 3. Table 3(b) records Church Rutinit sts of £19.782(£IOJ90 in 2023). This includes the extenstve amount work carried out on the trees and hedges in the thUbY0TL Unexpectedly the flagp)le becam¢ unsafe and bad to be tak dovm. li was renewed following a successful appeal for donations. Note that the parish continuts to fiY Lover the LM)ntribution requested by the diocese for our half time prie5L 4. Thc Martilldalc Cclltre had a vcry s[ ye4r fimd raising but the leNEI of rentsl income was a little disappoiuting. Ov¥YalL a surjlus of £3.813 was generdted (£1,820 in 2023). 5. Trustcc paymcnts and expenw: th¢ PCC supwjrted the clergy by paying the cost ot redory utilities amounting to £4267 (2023 = £4.076) plus other annual costs towards traveL telephone. wstsge and broadband totalling £872 (2023- £934). These are includcd in tabIc 3lb). There were no expenses payments to other Iste¢S or persom related to or connected to them. 6. Table 12 shows that it was only ne&Sary to spend £1.912 on repairs to the Church fabric. The cost of producing Parish rna2azine (P&P) were not quite matched by the income teceived £351 laken from the Genernl Fund to belp cover the loss and the value of the P&P restricted fid at the year-¢nd fell to £0. 7. The FriuKls of Horsted KeyTies ChuTch Taiwj £13,126. This Tn¢luded a highly successful production of the Wizard of Oz in th¢ Church involved many adults and children of the village. Outgoings of £12,466 includcd £911 for Ihe anncx project and a contril)ution of £7.000 towanls the unugjally high maintenance costs of the churchyard this year. 8. Th¢ PCC'S lni:estnits continued to 8a)er2te a stady income from dividend and interest paynKnts. Table 7 shows that the capitsl valuatson incre&sed by £5.071 (5.70/0) over the year. 9. Overnll, the PCC'¥ financial position at the end of 2024 was satisfactory. Howev¢r, it is important that th¢ level of planned ving to tb¥' G¢ller Fund increases soon if we a to (>ntinue paying the curreni amount for ministoial support and reduce the effort needed to raise money. Page 5
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL Registered Charity Number 1154482 ANNUAL REPORT for 2024 (continued) Reserves Policy A review of the reserv p)Itcy and risk Tegister was undertaken during the yw which again resulted in no 3igmificant change. An unrestricte41 Generdl Fund reserve of £25,OlJ), approximately 3 month% of overall expendibJTe on everyday activities. is needed as a contingency against unforeseen sits]atioD& On 31 Decemb¢r 2024 the bajance was £55J30. A total of £30,156 was held in the Unrestricted and R&8tiicted Fabric Funds at the year entL This Trustees, Annual Report was appmved by the PCC and signed rn their bel)aL- by Reverend David Mwdoch.
INDEPENDENT EXAMUAER'S REPORT TO THE TRUSTEES OF li Hor5ted Keynes Parochial Church Council [Rewtered Charity No. 1154482] I report on the accounts of Horsted Keyn&s PCC for the year ended 31st Decem 2024 which s¢t out on pagG5 8 to 15. Re5peclive responsibilities of truslee5 and examiner The church's trustees are responsible for the preparalion of the accounts. Thc church's tTusices considcr that an audit is not required for this yeaT un(kr scrtion 14412) of the Charities knt 2011 (the 2011 Act) and that an independent examination needed. Having satisfid myself that the Church is eligibl¢ for indrydent eXaltiO it is my Tespollsibility to : • c]ne the accounts ulld scction 145 of the 2011 Acl . to follow the proccdure6 laid down in the general Dir¢ctions givcn by thc Cknity conms1on undcr scction 145(5Mb) of thc 2011 ACL and ' to slate whether particular nwtters have come to my attention. Basis of independent euminer's statement My examination was carried out in accordancc with thc g¢n¢ral Directions wen by the Charity Conmiission. An examination includes a review of the accounting records kept by the charity and a comparison of the accountR prescnted with those records. It also includes consideration of any unusual it¢llJs or dilOSur¢S in th¢ cOu[lts, 8nd seeking explanations from you trustees concerning any such mattcrs. The proccdurcs uiidertaken do not provide all the evidence that would be required in an audit and consequently no opinion is givffli &8 to whether the accounts present a *rue and fair VAew' and the report is limited to those matters set out in the statement below. Independent eTaminer's statement In connection with my examinatio no material matters have come to my attention which give me ca¢ to believe that in. any material respe=t: accountAng records were not kept in accordance with section 130 of the 2011 ACL or . the accounts do not accord with the accounting records. OT . the accounts did not comply with the applicable requirements concerning the form and cont¢nl of accoullts Kt out in th¢ ChaTiti¢s (Accounts and R¢ports) Rcgulations 2008 other than any requirement that the account8 give a 'true and fair. view which is not a matter consid¢rcd as part of an I have come acro&s no other matteTS in connection Plith the examination to which attention should be drnwn in ordcr to cnablc a proper understanding of the accounts to b¢ reached. Signed by : Mr A Peel Cross The Hennitage, Churcb Lane Horstcd Keynes Haywardg Heath RH177AY
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL STATETrtENf OF FtNANCIAL ACTIvrrIEs For the Year ended 31st December 2024 Fund8 Funds Funds 2024 2023 Note Income and endowments from= Donations and lega¢ies Cbaritabk activities Other trading activities Investments 2(a) 63.427 6J84 18225 2204 65.951 129,478 6,384 26.974 3,828 80,951 3,449 27.404 2,788 2(c) d} 8,749 1,624 TOTAL 90J40 76,324 166,664 114.592 Expenditure on: 3(a) 3(b} 3J54 87,701 4.418 22.771 7,772 6,713 111,403 143,888 Charitsbl¢ activitie5 931 TOTAL 27,189 931 119 175 150.601 Net gainOOosses) on invesiTDents 3511 1282 5.IY71 10,979 NET INCOTE1{ExPElYDTrURE) 1796 50,417 (653) 52.560 (25.030) Transfers between fiuKIs NET MOVEMENT IN FUNDS 2.796 50.417 (653) 52,560 {25,030) Reconciliation of Fuods Fund Balance5 brougbt forward at I st January 2024 74.505 52J85 80.b30 207.520 232.550 BALANCES CARRIED FORWARD AT 31st DECEMBER 2024 77.301 102,81Y2 260,080 207.520 Page 8
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL BALAIYCE SHEET AS AT 31st DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangiblc fixed 8&8ets Investment ass¢ts 69.871 93.810 70,802 88,739 CURRENf ASSETS D¢btors Short tem dq)osits Cash at bank aDd in band 2.345 77,000 19,784 99.129 2,600 31.229 19.063 52,892 LIABILITTES . AMOiJNTS FALLINC: DUE WITHTN ONE YEAR io 2,730 4,913 ET CURRENT ASSETS 96.399 47,979 TOTAL ASSETS LE&S CURRENT LlJlBtt.ITIES 260.0¥0 207.520 Y4ET ASSETS 260,080 207.520 Unrcstrictrd Restricle41 Elldowllnt 77.301 102,802 79,977 74,505 52,385 80.630 12 13 TOTAL CHARrrY FUNDS 260,080 207.520 Thi8 Financial Report for the year cnded 3 1st December 2024, ilUding the no$ ft)llowi was approvLyJ by the Parochial Church Council on 6th Mar¢h 2025 and signed on its bthalf by :" Re¥erend Davd Murdoch (Chairm) Martin Gov (rreasurer) The notes on page5 10 ts) 15 forni part of th COunt& Page 9
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the Year ended 31st December 2024 ACCOUWllNG POLICIES l(a) Basis of Preparailon The PCC is a publie benefit entity within the meaning of FRS102. The finanty.ial statements have been prqw¢d under the Charities Act 2011 and thc Church Accounting Regulalxons 2006, tn xcordance with applicable accounung standards alld th¢ current Stat¢rnwrt of ReConded PCtIce. Accoullting and Reporting by cl¢5, (SORP (TrRS 102)). The financial statenRnts have been prepared under the historical cost convention &8 miyjified by the InCh10n of invesiments at Dwket value. The financial statements include all the transactions. &ssets and Itabilities for which the PCC is reSble in law. They do not include the acjUn of church groups that owe their affiliation to another body. nor those which are infOrn gatherings of church mbers. i(b) Funds Funds held by the PCC are :_ UnreJtrictedfvnas . DeSIgnatedd$ - Tllollias Set aside by the PCC oul olunrestri¢t¢d funds for specific fithwe pryses or projects. Restrict&4fynd% - (a) Inco from In or endownlffts that may ¢4)¢nded QDly on those restricted objects provided io the tern of the trust or b4ue5L atmj (b> donatio$ or grants ¢¢IVed for a specific obj1 or invited by the PCC for a specifir object. The funds n]ay only be expended on the specific object for which they were givekL Any balance remaining wpellt at the end of each year mt be carried forward as a balance on fimd. The PCC does not usually invest separdtety for each fun Endowmefvnd.y funds the capitsl of which must be tnaintaine4L' only income arising fr(ll investffleni of the endoiwment may be used either as restricfrd or vnTegtrictLal funds depending upon the purpose for whi¢b the endowment was eSbliShed. The PCC may bal'e the power to convert certain erM*)wnt fimds Tnlo cxpcndabl¢ incon. such fim&s are known as cxpcndable l(¢) IncoDR and Endowments All income and endovmIen accoutst for Witho deduction for any cosLs of reKeivability. are recogtllsd when there is evidence of entitlemenl Tec¢ipt is probable, and the amount can be reliably i(d) DONtiolI and Lcga¢i¢s Colleclion5 are recogaised when Teceive<L PlaIedgIVKng Teceivable is recognised when there is eviden of entitle1 elpt is probabl4 and the amount accords with the Gift Aid declaration or other record of intcntiou to donats. Gift aid recovered is recognised when the inrnc to which it is attached is Tewgnised. Grants und legacies are rccognisLxI the fornul offer in writing of the fLJndJn& is Teceivd by the PCC. l(e) Charltable Adivitie4 Trading Actlvtiies and all Other Inco statht0ryfe for weddings and funerats are recognised wjjen the office occurs. Trading aclivitie5 are ere Illcon is receivable in Teturn for s¢lliDg go¢)ds or providing services and is r¢cogDised when received. i(fj Inve51ment Ineome Dividends are accounted for th¢n and payable. Intere ertitlements are.cOUnted for as they a¢¢ft. i(gl GaiDS and IAJsses Investments Reali5cd gains arc rcwgllis¢d FAll thc invcstmalts are soliL Unrealised gaios and losses are a¢wunted for on revaluation at 3 1st December. Page 10
HORSTED KEYNES PAROCHtAL CHURCH COUNCIL IYOTES TO THE FINANCIAL STATEMEiYfs (continued) F(br the Year ended 31st December 2024 i(h) Expenditure Expendithre is regnISed when thete is cviden¢e of eId¢mellE payllt is probable, and the amount call be measured reliably. l(1) Grants Grants and donations are accowtsd for when pid over. or whcn awarded wthere the award creates a bindin8 obli88tion on the PCC. 10) Charltabl¢ A¢¢lvld The diocesan parish contrbutiO]i is ac¢ounted for on an annual basi4 reflecting the allocation set by our Dcancry. Any parish Cwitribution unpaid ilt 31st Decenthr is provided for in these &¢¢ounts &8 aD operntiond (thougb not a kgai} liabthty and is bhOTr as a creditor An th¢ balallcc sh¢¢L i(k} FAx¢d A98ets Tangiblefved ussets. Consecrated and beneficed property of any kind is excluded froTn the attounts by s. l 0(2) of the Charitie8 A¢t 2011. Movable church fun)i5hin8s h¢ld by th¢ R¢rtor and Churchwrardens on Special trust for the PCC, and 1¢h r¢quir¢ a faculty for (li5pos&L ate acwunted as inali¢n8bl¢ prowty unless consecrated. They are listed in thL' church's inventory Trknich can be insp1 but are not included in the fllw)ctal statements. For inalienable propdty acquired prior to 2000, therc is insu(fi¢ient cosi infornjation available and therefore such assets arc not valucd in the finaricial statcmcnts. llldividu81 lten acquircd sincc 1st JaDuary 20(N) bave bccn Jpitalised in the finaiicial stsitunents and d¢prcciatcd ovcr their useful economic lifc. All cxpcnditur¢ incurred in the Jrar on consccrated or bcneficcd building5, individual items ¢osting under £5,000 or on the rcFYdir of rnovablc Ghurth firnishings acquired bcforc I st Jonuary 2000 i5 vnittcn off. Trreehold land and buildings lire valued at original cost le pNivisions for depreciatio Renovatiorts to frcchold buddin5 are valued at origmal cost provisAoM for depreciatiOJL Depreciation Dcpreciatioll is cal¢ulat¢d to wntc down thc Cost of tanle fLxed a& ovcr thcir cxpcctcd useful lives. Th¢ rate8 gencrnlly applicablc :_ Freehold land anil bijildin R¢nov8tsons to frcCIld buildings ]% pcr annum on a ducIng balance basis. 20A per anmmn on a ru¢llng balan¢¢ basis. Investhents .' Invcstments are valued at market value at 31si December. INCOME AND ENDOIVMENTS Unrestricted Restricted Endowlwil TOTAL Fund8 21Y24 FUNDS 2(a) Donations le8aci¢s Planned giving Collections (open plate) Donatiors Gift aid tax claimed Grants reccivcd Legacies 37.928 6,884 3,104 2,991 882 6,525 1,592 3.961 50,(MJ) 65,951 40.919 7,766 9.629 12,683 8.481 50,000 129,478 44,557 7,391 9,587 13.465 5,951 4,520 63.527 80,951 2(b) Charitable activitie ParoGhial F¢¢s inme 6.384 3,449 6J84 Page 11
HORSTED KEYNES PAR0ClIL CHURCH COUNCtL NOTES TO THE FINANCIAL STATEMEwfs (continued) For the Year ended 31st December 2024 2(c) Other trading activities Furthising income Hall income 227 17.998 18.225 8,749 8,976 17.998 26,974 11,919 15,485 27,404 8.749 2(d) Investments DiTridends and interest reLrived 2.204 2.204 1.624 1,624 3.828 3,828 2,788 2,788 T(YfAL ,340 76,324 166,664 114,592 EXPENDITURE Unrestricted Restricted Endowment TOTAL FuD(is Funds 2024 FUNDS 2023 3(a) Raising fimds Fundraising costs 3.354 3.354 4.418 4.418 7.772 6,713 6,713 3(b) Charitsble activities Missionary and clwitable giviDg Ministy costs . Diocesan Parish COntUtiOn Other ministsy costs Church running expenses Church & ball- Major repairs & fabric c05t8 Upkeep of services Youth vmrL training and mi&sion 1.627 1.630 3292 52.557 5,139 10,890 52,557 5,139 19,782 5,344 995 1,912 6,371 10,833 1.235 4.674 931 111.403 51,186 5,010 10,390 46,703 1,436 2,648 6,107 11,160 861 4,150 8,892 5,344 995 1.162 351 10.833 1.171 750 Church hall running costs Support costs 74 93] 931 87.70J 22.771 143.888 TOTAL 91,055 27,189 931 119,175 150,601 STAFF COSTS The P( had no enwloyees dwing the year. rNDEPENDENf EXAMINATtON FEES The Tndepentht Examiner not charged a fee for his WOTk. AI¥ALYSIS OF NET ASSETS BY FUND Funds Funds Funds TOTAL Fixed assets 59,612 20.294 (2.605) 24,092 78.835 (125) 79,977 163,681 99.129 {2.730) CutTellt lthdities 77.301 102.802 79.977 260,080 Page 12
HORSTED KEYNES PAROCHtAL CHURCH COUNCIL NOIES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2024 Value at 1st January 2024 Maxket Vue At {losse5) 31 December 2024 Additio Disposals Church of Engld CBF 1Dv¢StDnt FuThl . 538 income shares (see notc below) Church of England CIIF Global Equity Fund . 25306.8? income shares l2,16l 278 12,439 76.578 4,793 81J71 88.739 5.071 93,810 Note- the 538 slwes are held 4Kcifically for the Bridgeman Cburchyard Tn Fun(L TANGIBLE FiXED ASSETS FreeAk1 land and building5 Bvddin8 TOTAL C08t . At 18t January 2024 Additions Di8posals Ai 31sl Deccmbcr 2024 69.681 44.927 114,608 69,681 44.927 114.608 Dcprcciation . Ai 1st January 2024 Charge for the year Disposals At 3 1st DLYember 2024 21.181 485 22.625 43,806 931 21,666 23.071 44,737 Net book amounts At 3181 December 2024 48.015 At 31si December 2023 48.500 22.302 70.802 The freeholdlond and buildings ¢onwise the Martindale Centre. the legal eslale of which is vested in the Chichester DIOC8 Fund and ljnard of FinaD¢e (In¢orp)rated) &8 Custodkan Trustee for the Horsted Keynes PCC in xcoidan¢¢ thc provisions of thc Parochial Church Councils (Powers) Measure, 1956. DEBTORS 2024 2023 Recoverable Gift Aid oth sw]dry d¢bto 2.188 157 2.082 518 2,600 10 LIABILITILS: AMOUNTS FAiIING DUE WITHIN ONE YEAR 2024 2023 c[lt0T$ for goods and 8ryVi¢CS Defer] iDc4)Jll 2.730 4.663 250 2,730 Page 13
HORSTED KEYNES PAROCHtAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENfs (continued) For the Year ended 31st December 2024 11 UIYRKSTRICI'ED FUNDS Balance at ISL January 2024 Balanee at 3 1st De£en]ber 2024 Re&ources Tncoming ouoIng TraThsfers GaitLS General Fund Designated Fabric Fund 54,461 20,044 74,505 89,786 554 90,340 91.055 2,138 1,373 3.511 55,330 21,971 77.301 91,055 12 RKSTRICT£D FUNDS Movements in Balance at 3 1st De¢Emb¢r 2024 1st. January 2024 Incomillg lJrt8oing Trafe[S Gai Building Repairs and Fabri¢ Fund chitable Collections Fund P&P Magazitie Fund {1) Martindale Centre Income FuDd (li) Building Appeal _ 2004 Fund (iii) Restricted Gifts FWMI Friends of Hors Keimes chrCh (iv) 5J99 2,134 1.627 5.658 1,912 1,627 6,02Q 39 5.660 362 2333 2.139 2,333 2.525 622 2.642 13,126 275 2,642 12,466 39 39.n3 1,204 41,587 RefibIs1tnt Fund (v) St Giles North Annex Appcal Fund (vi) PRV Mcmorial Fund {vii) 182 2247 182 2247 50515 50.S15 52.385 76J24 1282 102 802 (i) The P&P Magazine Fund receives donations and grants specAfieally for the Prndtion of the parish magazine. (ii) The balance on the Martindale Centre Iorne Fund represents the cost of SOTrr of the historical building renovations. (iii) This fund was opened with dollatioThs from the Village Appcal in 20(H for rya1 to the fabric of the chuTclL Monthly donations have continued to flow illti) the ffij during the year. (iv) This Testricted fimd w7s laullched in September 2011 wifically for the Maintena of the fabIic of SL Giles thurch and ¢bur¢hyard in Horsted Keynes. (v) This fund wds r¢-oped in 2019 to Te£eive restricted Incon knwards the coét of refibIsh1ngthpgr&d1ng the heating System in the Martindale Centr¢. Most of the costs of r¢fiubishing/upgrading the heating systm were charged to the fund in 2019, leaving a Sm1 balance to carry fonvard. (vi) This appeal fund was Oped in March 2016 to fund the platitiin8 and COLStrtiOn of an annex to the north of th¢ St Giles church building. (vii) Thig restricted fi]Dd was createAJ in July 2024 following the receipt of a le8 from the18 Peter Richard Vince. fr Vincc expressed the wish that the legacy be used for any current Ollgoing projects the time olhis death. Page 14
HORSTED KEYNES PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (eontinued) For the Year ended 31st December 2024 13 ENDOWMENT FUNDS Balance at 15L January 2024 Movements in Resources tllwming (httgomg Trafer$ {losw) Balance at 3 1st December 2024 Martindale Centre . Capital ET]dowment Fund 68,468 931 67,537 Brtdgeman Tr Churchyard Fund 12,162 80.630 278 278 12,440 79,977 931 Page 15