PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR. BITfERNE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NO: 1157949
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BrrrERNE FOR THE YEAR ENDED 31 DECEMBER 2024 CONTEiirs Annual Report Independent Examineff 8 Report Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE Page 1 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their Annual Report and Financial Stslements of the Parochial Church Council of Holy Saviour, Bitteme for the year ended 31 December 2024. The Financial Statements comply with the Trust Deed, the Church Accounting Regulations 2006. the Charities Act 2011 and Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their Financial Statements in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015. induding ear adoption as amended January 2016). REFERENCE AND ADMINISTRATIVE INFORMAnoN Holy Saviour. Bitteme is part of Diocese of Winchester within the Church of England. Charity Name: Parochial Church Council of Holy Saviour, Bitteme Charity Registration Numbor: Correspondenc8 Address: 1157949 Holy Saviour Church Bursledon Road Bitteme Southampton S019 7LW Parochial Church Council Trustees The Parochial Church Council of Holy Saviour, Bitteme is a Charity which was registered at the Charity Commission on 22 July 2014 under Charity Number 1157949. The Parochial Church Council of Holy Saviour. Bitteme is administered and managed by °Church Council Trustees.. Trustees of the Church Council are either ex officio, were elected by the Annual Parochial Church meets.ng on 30th April 2023, in accordance with the Church Representation Rules. or c(H)Pted by the Trustees during the year. All those who worship with us are encouraged to join the Electoral Roll. They are then entitled to attend and vote at the Annual Parothial Church Meeting and stand for election to the Parochial Church Council. Durlng the period the following served as Parochial Church Council Trustees: Vicar: Revd. Tony Palmer Brian Gaffney Adrian Jacobs Chaimian Churchwardens: Licensed Lay Ministers: Kim Baillie Jane Fisher Gareth Wood Licensed Lay Worker: Amanda Wood Deanery Synod Members: Stephen Spencer Brian Gaffney
Page 2 PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR. BIThERNE ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEIABER 2024 REFERENCE AND ADMINISTRATIVE INFORMATION (CONTINUED) Elected Trustees from January 2024 to Aprfl 2024: There are potentially frfleen elected trustees: ears Joanne A res-Proctor Rebecca Baillie Justine Boston Kevin Sawers Susan Ward Brian A es Christo her Harris Fiona Hutchin er Moran James Roberts Sue Bell Alison La Claire Moore Louise White Vacan Elected Trustees from 2024 There are potentially fitteen elected trust88S : 3 years Susan Bell Alison La Claire Moore Vacan Vacan 2 years Joanne A res-Proctor Rebecca Baillie Justine Boslon Kevin Sawers Susan Ward l year Brian A res Christo her Harris Fiona Hutchin er Moran James Roberts Our AdvISs. Indep8r¥Jent Examiner Knight Goodhead Limrted 7 Bournemouth Road Chandlerfs Ford Eastleigh Hampshire S053 3DA Bankers: HSBC 55 Above Bar Street Southampton S014 7DZ Investment Managers: CCLA Investment Markqgement Ltd Senator House 85 Queen Victoria Stt London EC4V 4ET Epworth Investrnent Management Ltd 9 Bonhill Street Shoreditch London EC2A 4PE
Page 3 PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR. BIThERNE ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES The Parochial Church Council of Holy Saviour, Bitteme. has the responsibility in promoting in the ecdesiastical parish the whole mission of the Church. pastoral. evangelistic. social and ecumenical. It also has maintenance and financial responsibilities for Holy Saviour Church and other buildings on site. Public Bonefrt Statsment All our activities are undertaken to further our charitable purposes for the public benefit. In planning our activities for the year we have considered the Charity Commission's guidan on public benefit. including the guidance 'Public Benefit: Running a Charity(PB2)' and, in particular, the supplementary guidance on charities for the advancement of religion. The total number of rnembers on the Electoral Roll as at 31 December 2024 was 203, detailed as follows.'_ 91 living inside the Parish 112 living outside the Parish Due to the ongoing site redevelopment works, we stsrted 2024 meeting at 9:30 at Bitteme CE Primary and the 11 am serrf1 upstairs in Oak Room. One of the most excits'ng highlights of 2024 was the official re- opening of Holy Saviour on the 24th March by Bishop Geoff Annas (The Acting Bishop of Southampton). ACHIEVEMENTS AND PERFORMANCE The full Parochial Churth Council held six meetings during the year, with an extraordinary meeting to approve the accounts for 2023. Some of the significant items discussed andlor implernented by the council a as follows: Regular reports wern considered by PCC from tho PrortY W¢xking Group :. The Churchwardens and Property Group did Risk Assessments of the Church and ected signage where appropriate and dmj Site Inspections of each room for maintenance purposes. The fire extinguishers were serviced and placed in the correct positions in the new building. Peter Seal has continued to update the graveyard records and is working hard to keep them in order. The Graveyard Working Team has done amazing work and the Graveyard and is assisted by the SCC Ex-offenders group. The team considered the Quinquennial Inspection made by the DI0Se. The pOrt was very encouraging. highlighting mainly small items. The big problem is the maintenance of the windows in Holy Saviour, which we have been aware of for many years. The mullions. lead and glass need to be maintained.
Page 4 PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE ANNUAL REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Gareth Wood had organised that the gates at the east and west end of the Churchyard be locked belween 16.00 on 30 December 2024 and 12.00 on l January 2025. in aordan with the Permissive Footpath Act 1980. PCC discussed the following:" Alison Large ensures that Safeguarding was discussed at all of our meetings. Safeguarding Training was completed by all PCC members. Becky Baillie has been encouraging and supporting PCC and those in other Leadership Roles with their various levels of Safeguarding Training. Fiona Hutchings our Treasurer gives Financial Reports at all meetings. Throughout the year we discussed the best way to conduct our PCC Meetings by:" Exploring the fundamental questions as a church leadership team. Mission Communlty HomegroupslPastoral Carelservices Schedule. Our Mission and Outreach Team conb.nued to work raising funds for our Mission Partners and sustained support for our cuThent partners with our allocation of 1 Ooh from the personal giving to our church is shared equally by the followng agencies: Bible Society: CMS (South America) - partner5 Marcio Ciechanovicz arKI Noemi Celeti. Brazil.. Hannah Seal Church Anny -The Gwent Valleys Centre of Mission: Embrace the Middle East: FEBA: Leprosy Mission: Mission Aviation Fellowship.. Namalemba. Other donations were also made throughout the year from the tithe fund when emergencies arose in fragile states. PCC approved that we will be donating cash received over the 24hours of Christmas to various charities. It had been agreed at Standing and Finance that 50150 donations go to Society of St James in Southampton and Tear Fund. Middle East. A quiz was organised to raise money for Tearfund. The work of the Admln Team was reviewed, and it was agreed that Becky Baillie be apF)ointed as the Vicarfs PA. The Church Rewopening was planned for Palm Sunday when people who We involved with the project were invited and thanked. Our C¢xnmunity Open Day was held on Pentecost weekend, which was most successful and enjoyed by many of the congregation and the wider community. Ani Davy joined us as a curate and has become a valued member of our team. Stephen Spencer gave regular pOrtS from Deanery Synod Meetings. Sadoc Chongo has given reports on the Youth and Children's Work. Links with the school are strong with Tony and Sadoc visiting regularly for Collects"ve Worship and Ruth has organised a Ghoir which is popular with pupils. There has been a huge amount of work done to promote the use of our building for lettings to initially raise funds to paY our loan from the Diocese. We updated and approved our Lettings Policy. We updated and approved our Recruitment of Ex-offenders Statamant. We updated and approved our Data Protection and GDPR Policy. We implemented our Use of Social hledla Pollcy. We implemented a Staff Training Policy. We are working on a Lone Working Policy.
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUII BITTERNE Page S ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Regular reports were brought to the PCC on the progress of Site Redevoloprnent. Of particular note :_ Stage 2 has now been completed and the Churth has b8en in use since March 2024. The Property Group has now laken over the maintenance with service agreements for major equipment in pla. The Recrealional and PaIng Area construction has begun and should be finished by June 2025. The need for fundraising was discussed to enable us to repay the loan from the Diocese. Senior Leadership Team This group indudes Church Wardens and Ministers. meeting with the Vicar regularfy to discuss and pray for the Church'5 ministy and mission. Licensed Lay Ministers Our LLMS are Kim Baillie, Mike Cranston, Jan8 Fisher, Brian Gaffney arHJ Gareth Wood. Meg Cook has now become an LLM Emeritus whilst still continuing to faithfully serve in the parish. Licensed Lay Worker Amanda Wood. FINANCIAL REVIEW The PCC recorded a deficit for the year to 31 Dmber 2024 of £403.829 (2023 - £18,712) The income decreased from £776.311 for 2023 to £319,497 for the year to 31 December 2024. Expenditure decreased from £795,023 for 2023 10 £723,326 for the year to 31 Dember 2024. At 31 Dernber 2024. totsl funds were £821,713. including £18,587 of restricted funds and £733.612 representing the value of the church room. This leaves £69.514 in General Funds. Overall the PCC trustees are satisfied with the position of the PCC. Investment Powers and Policy The PCC holds funds which are not in the HSBC bank accounts but are with the Central Board of Finance of the Church of England (CBF). Reserves Pollcy and Going Concern The trustees aim to maintain reserves in unrestricted funds at a level which will equate to sufficient resources being held to meet future requirements of the Parochial Church Council of Holy Saviour, Bitteme. The trustees are of the view that the PCC is a going concem.
Page 6 PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUII BITTERNE ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 PLANS FOR FUTURE PERIODS Wow what an amazing year it has been - there is so much we need to give thanks to God for. We have not only seen the completion of the Site Redevelopment project in March 2024, but we have been blown away by the way in which the new space has been used. We never could have imagined the ways in which the new space has been used so brilliantly- the Marriage Course. the growth of Fireflies & 412 youth work, as well as seeing the church transformed to host both wedding ceremony arKI wedding breakfast too. As we look ahead to the year to come. we continue to be expectant for G<xl's provision in temis of growt and outreach into the local community. Our heart and vision is very much to be a community of apprentices who bring HOPE to Bitteme arKI beyond. We are expectant for new initiatives starting up such as a Wedding Fayre. Dying Matters Day. the annual parish open morning at Pentecost and many other things as the Lord leads us. We also are committed to seeing growth across all our congregations and our desire is that ALL in Bitteme would know of Jesus, incredible love for them. 2025 also sees th8 launch of our .25 for 2025. giving initiative where we are praying for 25 peoplelfamilieslcouples to commit to regularly give on a monthly basis £100 (or more). We recognise that we have both financial challenges in terns of our loan commitments for the Site Redevelopment and that any additional growth in ministry is likely to have cost implications too. We remain hope-filled arKI ex<ated for all that God might want to do in and through Holy Saviour this next year.
Pag• 7 PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BlERNE ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE GOVERNANCE AND MANAGEMENT Governing Document The Parochial Church Council of Holy Saviour. Bitteme is a cwrate body estsblish8d by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The Parochial Church Council of Holy Saviour, Bitteme is a charity, number 1157949 registered on 22 July 2014. Recrultment and Appointment of the PCC Trustees All church attendees are encouraged to register on the Electoral Roll. They are then entitled to stsnd for election to the PCC. Trustees. Induction and Training New trustees recei initial training into the w0.ngS of the PCC. Risk Management The major risks to which the PCC is exposed, as identified by the trustees. have been reviewed and systems or procedures have been established to manage those risks. Safeguarding The PCC having due regard for the House of Bishops Guidan covering safeguarding has standing orders that all trustees. staff and volunteers working with the young and vulnerable are D8S certificated to the required level. Organlsatlonal Structure The Parochial Church Council has been operating through a Standing arKI Finan Committee arKI Working Groups and leams, which meet between Church Councils. as follows: Standing and Finance Committee This is the only Committee required by law. It has the power to transact the business of the Church Council between its meetings, subject to any directions given by the Council. It also oversees the finances and helps set the Church Counol agendas. Property Working Group Oversees the rna1ntenan and long-tenn improvements of the property. Publicity & Communications Working Group Oversees our publicity and communications with the community and within the Church and on the Website. Social Toam To plan, organise and oversee social events Technology Working Group - over58es techrK)logy in Church i.e. sound, projectors etc. Mission and Outreach Team Oversees the contact with and support of the Church's mission parthers abroad as well as local groups.. it also recommends to the Church Council the way the mission giving is distributed each year.
Page 8 PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITfERNE ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 RESPONSIBILITIES OF THE TRUSTEES The trustees are responsible for preparing the Trustees, Annual Report arKI the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). The law applicable to charities in England and Wales requires the trustees to prepare Financial Statements for each financial year. which give a twe and fair view of the state of affairs of the tharity and of the incoming resources and applicatj'on of resources of the charity for that period. In pparing those Financial Stalements the trustees are required to: Select suitable accy)unting policies and apply them consistently. ObseNe the methods and principles in the Charities SORP (FRS 102}. Make judgments and estimates that are reasonable and prudenL State whether applicable accounting standards have been followed. subject to any departures disclosed and explained in the Financial Statements. Prepare the Financial Ststements on a going concem basis unless it is inappropriate to presume that the tharity will continue in business. The trustees are responsible for maintaining proper ac(x)unting records, which disdose with reasonable accuracy at any time, the financial posib'on of the charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the provisions of the trust deed and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and. hence, for laking reasonable steps for the prevention and detection of fraud arKI other irregularities. Approved by the trustees on Aprfl 2025 and signed on tholr behalf by . ear
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY SAVIOUR, BirrERNE I report to the trust on my examinatson of the a(xounts of Holy Saviour, Bitteme, for the year ended 31 Defflber 2024 set out on pages 10 to 24. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity you are responsible for the prepardth)n of the accounts in accordance wrth the requirements of the Charities Act 2011 {'the 2011 Acr). I rewrt in respect of my examination of your charity's amnts as carried out under section 145 of the 2011 Act. In carrying out my eXaMinan I have folk)wed Ihe Directions given by Ihe Charity Commission under section 145{5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have cofflpleted my examination. I confimi Ihat no matters have come to my attention in connection with the examinats'on giviTrJ me cause to believe that in any material respect., 1) accounting records were not kept in resFeCt of the chanty as required by secb'on 130 of the 2011 Act,. or 2} the ac£ounts do not accord vth those records; or 3) the accounts do not comply with the appltcable requirements ConmIng the fonn and content of accounts set out in the Charilies (Accounts and RewJrts} Regulations 2W8 other than any requirement that the accounts give a 'true and fair view, thIch is not a matter conSered as part of an independent examination. I have no concems and have come across no other matters in connection th the examination to which attents'on should be drawn in this reFX)rt in order to enable a proper understanding of the accounts to be reached. C J Goodhead FCA Knight Gcrfxlheaj Limited Chartered Accountants 7 Boumemouth Road Chandle¢s Ford, Easuewh Hampshire S053 30A
PAROCHIAL CHURCH COUNCIL OF HOLY sAVIOu BtrrERNE STATEMENT OF FIPIANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Totsl 2024 Toial 20rJ funds funds funds INCOME tklnations and lega(aes Charitable actsvibes Investment in Profit on disFosal 204,706 42,T18 4,211 51,3&1 13.Xrf) 1952 256,056 56,278 7.163 184, 40,435 7,1&8 544,478 T1 income 251,695 67,802 319,497 776,311 EXPENDrruRE Charitable &*vitEs 651,931 71.395 723,326 795,023 Total expenditure 651,931 71.395 723,326 795,023 NET INCOME FOR THE YEAR AND NET MOVEMEKf IN FIXIDS TRANSFERS BETWEEN FUNDS 15 7,571 17.511) NET INCOME 1392,665) 13,593) 17.511) 1403,829) (18,7121 NET MOVEMEKf IN FUNDS P92,665) {3,$93) 17,511) {403,8291 {18,712) FUND BALANCES AT 1 JANUARY a)24 1,195.791 211ei) 7,571 1,225.542 1,244,254 FUND BALANCES AT 31 DECEMBER 2024 15 803,126 18,587 821,713 1,225,542 The statement offinanaal activitw indu(ks all gains and losses rwnised in the year. AJI income and exwditure deri from continuing liVib.e$. 10
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, 8rrrERNE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 FIXED ASSETS raThJible assets 1,211,781 1,1Cfj,444 CURRENT ASSETS tkblors Deposits Cash at bank and in hand 11 10 12 6.385 188.343 32,453 227,181 5,874 93,650 549,314 648,838 CREDITORS.. aff#)unts falling due Vithin one year 13 (S8,149) (91,72n NET CURRENT ASSETS 159,032 557.111 LCIG TERM CREDITORS amounts falling due after rTr)re than one year 14 1549.1(M)) (438,0131 NET ASSETS 821,713 1,225,2 FUNDS 15 Unrestricbj ReStlett Endovmnt 803,126 18,587 1.195,791 22,180 7,571 TOTAL FUNDS 821,713 1,225,542 Apwoyd by the trustees on and SJn on their behalf by. Affjfdz Fiona Hutching¥ TreasUr Tony Palmer WKar 11
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR BirrERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES The principal accounknng policies ajopted. jUdgents and key sources ofestirnalKm unc&tsinty lli eparatiOn of the Financial Stateffents are as folloY6.' Basil of Proparation The PCC is a publ tenefil entrty wthin rr&ining of FRS IOZ The Finawal Statements have tryar&J in acccydantx ¥ith P£o)untsng and Reporting by Charities.. Statement of Recrnended PractKe applrable to charitw pPan[j their Finanual Stalennts in ardance with the Financial Rew)rting Standard applicable in the UK and Republ of Ireland {FRS 1021- Iar1[S SORP IFRS 1021, the Financial ReFX)rting Standard appIAb in the UK and of Irda (FRS 102) aThJ the ch knnting Rulat)nS 2CQ6. The FinarKial Statements have prepared under the hotorul ¢Mt cvent exwt for valuatK)n of wiv8sINEnl assets are at market Wdlue applicaLIe. The Finanrial Statements inde all trdnsaclK)ns. a5se15 arvj li8ts'1itEs for thich the PCC is responsible in law. They do not include the Financial Statements of Church group that their main affiliation to anoth kKxly, nor those that a infotmal gatherings of Church The FinancBI Statements are prepared in sterling, is fvnctw)nal currency of the PCC. netary amLwJnts are rounded to the nearest £. Incomo Rocognltlon Poli¢l•• lal Donations and Legxies Grants and donations are rwnised prenditKs we¥enting th'r use ha¥E Ien met. co1On$ are rwnise(l recei¥&J by or behalf of t pcc. Planned giving rtteNatAe urNJer Grfl Ail is rtrntsed onty vknen Inc¢ Tu rVerable on Gift AKI d'OnS ts rwnised tre relat1 incixne is Donatol Servi and fxilitEs are nKgwJed at the N3lue to the PCC can be quantifEd. The value of Servi provbJ&J by volunteers has not been Indj in these Financial Statenmts. Legacies to the PCC are Ounl for &$ SC as the PCC is notiw of rts193al entrtknEnt. the aU1 due is quantifiable and tts ultimate receipt by the PCC is reasonabty (xtain. {bl Other Ino)ry Rental inoJffE from the lelb'ng of Churc premises is vthen the ntaI ts d. (cl Gains and Losses on In11nts Realised gains arKI kjsses are rwnisl then inVestrts ate sohj. Unre*iwl gains or k6ses are aunts for on revaluatKJn of investrnents at 31 De[. 12
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR BrrrERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES {conllniMd) Expendriure Expenditu is r&))3nised on an accnjals bas there there is a al or construth oblvJab'on Settrnent is wobable and quanIffPb. ExpeThJrture incIe5 VAT as PCC is not VAT regisler&J arbj is as part of the expenditure lo th1¢h it lates. (al Fixed asgets Grants and (k)natKins are &counted for wfien paJ over cf Wh rf that awdrd creates a ts'tNJing obligation on the PCC. (bl ActivrtEs Directly Relating to the Work Ihe Church The diwesan parish Sha is xcounled for when paid. Any paii8h share unpakd al 31 [mer is provwjed for in these Financial Statements as an oFwthnal (though rl a legall IBbility and is Sho as a crgJitcK in the BaL8n Sheet. {cl Supwrt c Support costs indude central fvnctKins have been all(xabJ o)st on a basis consistent Vth the use of resources. Idl &)Vernar Costs These incle those costs aSslated *ith Tneeting the slatn&Y rqu1rents of the PCC. Fixed Assets (a) Consecrated Propety Consecrated and beneficèj pYoFety of any kind ts exclud&J from tr statutory definFiM)n of'charitl by $tIon 1C42)lal and Ic) of Ihe Charl$ Act 2011. All expenditure incurr&J on C£JnS&raj or berEfj 1jIngS is wrttten-off in the year that it is incurred. {b) M0Veab Churth Furnishings M0veae Churth fumishirvJs hebj by the wr aThd Church Vdrdens on SFecial trusl for the PCC and require a fxulty for disposal are Inalienab prop liSj in the church inventory. For inalienable proterty wuired prior lo 2014 the is insufficient cost infomiation available and. therthe, Such alS are rnl N71ued in the FinancAal Statements. Items aCqUid Sin 14 May 2014 are capitalised arKI deplatl in the Financral Statements over th"1 useful economiG lrfe on a straKJht-line basis. Ic) Other Fixiures, Fittings ar Equipff£nt Equipnent used Trhithin the Churth premises is depreualed on a strdkjhtrlille basis over its usefijl econom lrfe. {d) Capitslisation Threshokl All expenditure incurred on indivvjual fixej assets bebw £1,(KXI is vffitten-off in the year that it is irKurr&l. Deposils Investments are valued at market walue at 31 DetsmtEr Ththere apKable. 13
PAROCHIAL CHURCH COUNCIL OF H(XY SAVIOUII BrrrERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACC(XIKTING POLICIES (continued) ArrM)unts o%%ing to the PCC at 31 in reskCt of f, rents or otsr income are Sho1 as debtors less any provis for amounts that may prove uoIble. Current Asset Investments and Cash at Bank Current ast invesltr£nls and cash include Ixh hekj on dewtsrt erther ¥th the CBF Church of England Funds, Eprth InvestnEnt ManenI Ltd or at the bank. Credltor¥ and Provisions Creditors and provisions are rwJnised wthere the PCC has a present obfNJaiion resulting from a past evenl ihat wll probably result in the transfer of funds to a Ihird party aThJ the aftN)unt due to settk the oblwjakn'on can be measured Of estimalea reabty. Taxalon The PCC is ewnpt from taxation on its chwitable activities. Fund Accounting Unrestrict& funds represent the fvnds of the PCC that are not subpct to a7y restrickns ardifig their use and are available for applrAbon on the genpJal purr•3ses of the PCC. Designated funds are general funds set asth by the PCC for use in the future. ProFCt funds are desvJnated for particular pyojects for mIntraI)n purrAxes only. Restricted funds comprise.. {a} income from en(knknTrnts is to te ex on tr wrtKtsS intend&J by the donor, and (bl revenue donations or grdnts for a PCC actity intended by the donor. Where funds have unSnt baartts. interest on their pTh)led invesknEnt is apkK)rtKJnwJ to the indivijual funds on average balan basis. Erth%rnt furxls are fvnds, the capital of ffll retsin&l either pernnenUy or at the PCCS disc1. The income derived from the endobThnt is to trR used as restrKt&J or Unrestric income funds, deFthding UFon the purpose for vthich the endowThnt was estsblished in the first place. Flnancial Instrumts The PCC only has financial assets and finarrial liabiliks of a kind that qualify as bas finanoal instruments. Bast financial insttuments are inrtially rec0jnj at tran&%t#)n wdlue and subwjuenlly measur&J at their setmemenl value. Significart Judgements and Estimaies Preparation of trE Finartial StatenHts may require Ihe tru$ts to make swjnfficant ILMJgentS a1 estifflates. There are no items in the Financial Statements ere judgements armj estimates K)ukd ha a signrfKant effect on amounts recognised in the Finanaal ststents. 14
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2024 2 DONATIONS AND LEGACIES 2024 Totsl lund• 2023 Totsl tund$ fvndi fvnds Gfft bank orders and ch4ues Income Tax rver&1 Non Grft Aid bank and envelo5 Church Donations Parish &tivitses Legacies Redevelopment grantsldonatKins 63,174 28,79) 5,739 8,549 55,828 3.6% 38,93) 63,174 37,434 5,739 8,549 62,953 3,696 38,930 35,581 62,607 33,933 6,459 7,926 59,894 1,4 100 11,851 7,125 35,581 204.7t 51,350 256,056 184,260 There Aere no donateJJ servK£5 and f'11tS l¥ate C(1 t qutrfi Ki the year (2023. rrt)ne). 3 CHARITABLE ACTMTIES 2024 Total funds 20ZJ Total fundj Unrmtricted Restricted funds fund¥ Church Activities Weddings and fvnerdls Hall kgttings 25,294 8,498 13,982 4,020 33,792 33,792 18,CQ2 Fundraising Sundry inc4)me Grants 5,933 16,500 13,SXI 13,&)0 13,500 22,486 22,433 42,778 13,S)J 56,278 40,435 4 INVESTMENT INCOIIE 2024 2023 Total funds Unr9Btri Rostricted fund• fundi lund$ Intet rEreived 4.211 2,952 7,163 7,138 15
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUII BirrERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 5 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTivmES Total 2024 funds lund• 2023 Grants to Further the Work of the Church Overseas missions missions 12.958 9.792 22,750 21,456 769 chUh Expeni Worship Parish Share Youth and Chiklren Evangelism Lay training Weddings and funerals Parish adj'vrties Depwath'on 2,8SS 66,778 9,047 2,614 71,C(4 5,972 66,778 8,047 227 433 10,274 10,003 42,789 433 10,274 11,(MJ3 42,789 2,125 6,624 9,292 25,631 Propety Heabng, IvJhtirvJ arml Insurance Proth maintenance Redevek)pnEnl costs aeaning materia15 Loan inleresl 18.056 7.936 15.910 358.467 1.182 31,749 18,056 7,936 15,910 404.570 1,182 31,749 21,431 10,859 7,863 524,404 551 21,781 46,103 Stsff salaries and onl RecnJitnEnt (x6ts lrKumnt and Deao)n's exrenses 46.670 13,500 eAI,170 44,386 740 740 Support and Gov•ffl SupFrf)rt ojsts Govemance costs 14,019 2,637 14,019 2.637 11,422 3,420 TOTAL EXPENDrruRE 651?31 71,395 723A26 794023 16
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUII BITTERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 6 ANALYSIS OF SUPPORT AND GERNANCE COSTS The PCC Klentrfies the costs of ts suprth fundion. It then idenbfw those Ixsts relate to the g0Vemae functh)n. PCC allcrates the supwrt and EmarK ¢)Jsts enb'rely to Unrestrict endIture. General Support Gov•rnanc• Bmis of Apportlonm¢nt Fund• offi costs Technok)gy TephOne Publicity Professional fees Ir1ndent Examiners fee Bank charges Sundry expenses 5,636 5,(M)2 1,490 349 (3631 UswJe Usage Usage Usage Governance C>)veman Uwe Usage 5,(1)2 1,4 349 {3631 )1 1.041 501 1,041 14,019 1637 16,656 The Ind4Endent Examinerfs fee for this year is £2,5a) {2023'. £2.880). 7 GRANTS During the year the charity m the folhing grants of£1,LKKJ or more to organisa1KS'. Bible Society Church Amy Church Mission ScKEty Embra the Middle East FEBA Ralio Leprosy Mtssion MisswJn Awati( Felk?h1p Namalemba and Bumz1 (Urch of Ugarmja 1,413 1,413 1,413 1.693 1,413 1,413 1,413 10.713 8 ANALYSIS OF STAFF COSTS AND TRUSTEES. REMUNERATION AND EXPENSES 2024 2023 Salarres and e8 ,170 44,386 2024 2022 The average numlr of empk>yees ¥Rs: There wpre no empkiyees wth emoluments in ex of £fJ),CiIJ12023 - ncKel. During Ihe year, the PCC employed a parish admintratOr, a families vnrker, a finance assistant, a personal assistant, a hall cleaner and a kitdEn assistant. The parish administrdlor, finan asststant and rsonal assi5tsnt were aL80 Intslees aThd Ic3ether recaved £21,193 in remuneration and benefits12023.. £18,183) No other Iruslee 1ved any nneralan. Six Iruslees re reimburseJJ exFenses durirvJ the year totauing £1.913 for wrchases of equiwEnl and supplies12023.. 10 trustees reimbursed £4,333). 17
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUII BITTERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 9 TANGIBLE ASSETS Church Room Exten0 Equipment Totsl COST Al tInnIng of year Addrtions Di8Fosals At end of year 1,040,671 34,875 104,912 1,145,583 113,251 148,126 1,075,546 218,163 1,293.7(13 DEPRECIATION At beginning of year Charge Al end of year ),814 21,512 42,326 18,325 21,277 39,602 39,139 42,789 81,928 NET BOOK VALUE At end of year At beginning of year 1,033.220 1,019,857 178,561 1,211,781 86,587 1,106,444 Cons•crat•d Property As set oul in the Accounting Policie5 alThE. (XjnseJa and betEfKed proFerty of any kind is excluded the Financial ststements by the Charibes Act 2011. A8 a resull, the Parish Church {HY SaVUr) is nol sh(pan in fix&J assets. Expenditure on maintenance or refurbtshment of this propety is not capilalispJJ but Itten off in the ar that it is incutred. This irKJudes the S 2 redevekynEnt pro11 wthiGh an during this year. Church Room Ext•nslon The Church Room Extenston Was a)nStrted 2021 and 2022 kYOVK1ing fxilibes for the use ofthe thurch and the l(YAI community. The tide lo the r& ld by Withler DiLKwe in trust fLY the PCC. It is bet'ng depreatl over 50 years. Equlpment All non4ixed equpment. greater Ihan £1,(XX), is IH'ThJ caw&lised de1tj or ils useful exonom life. 18
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR. BirrERNE NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2024 10 DEPOSITS 2024 2023 Affimwtive FUNI AffirmatNe Fund rvdk)pn C(XA funds 57,433 100,834 30,076 52.250 12.952 28.448 188,343 93,650 11 DEBTORS 2024 2023 Otrr Debt Tax rKoverdbie 3,822 2,563 2,456 3,418 5.874 12 CASH AT 8ANK AND IN HAND 2024 2023 Current )Ullt No 2 Acwunt No 3 Aco)unt- RdeilTnI 3.082 18.582 10.789 21,267 19,813 32.453 549.314 13 CREDITORS: amounts fallkng due *hln on• year 2024 2023 Trade crgjrtors Taxion and wial security Pensions Accruals Other creditors- devdopment Redevelopment loan - memt Redevelopffent loan - dirxesan 1,932 271 2,520 22,896 517 73,404 17,420 68,149 91,727 19
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITfERNE NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2024 14 CREDITORS., amounts falllng due after one y&v 2024 2023 ReNElOPnPnt loan- nEmber Redthek>Pnt knan . diocesan 40,OCIg 398,013 549,1 549,100 438.013 Redevelopment Loan . M•mber The redevelopment loan, weiv&J in Septemter 2020 from a thurch member, is repayaNe no laterthan fve years after Septemter 2020. The k)an carries rK) interest No repaJThnts hav8 be8n m&Je to dale. Redevelopment Loan . Dlocman In October 2021, the PCC tcok out a with the DKwe of Winchester for £2PAJ,OCJ lo assist financiThJ the redevelopment of the church sile, whKh vfts extended by £150,(th in July 3)23. The ban ts repayble over a penc¥J of &J nN)nlhs and carries an interest rate of the CCLA CBF Church of EThJland twit rate plus 2%. Repayments comThEnc&J on 4 January 2022 but the churth vrds granted a defemient so no pats ere due to made during l)23 or 2024. The church is currenlly negotling wth the Dhxese atM)Ut Vised repaynEnl terTns.11 is wartsj as to present the thole ojtstanding balan as falling due in ftKYe than one year. 15 ANALYSIS OF CHARITABLE FUNDS Balance at 1 Janu Tran•Th Balanc• at bthwn 31 December fvnds 2024 24 InGome Expendiiure unres1rfct Funds General Fund 459,LK)5 251,695 {613,8821 (27,3(Ml 69,514 DesWjna Fund- Churth r(A)m 736,786 {38,0491 34,875 733,612 Restricted fund• Namalemba and Burno FurKJ Redevelopment Youth worker Legacy- Wodd Church Acti Group LegY for Senmirs Tea Legacy for 8Y Church 8.248 8.199 46,103 13.5CKJ 19,5421 (46,103) (13,S)01 12501 (1,OlY)I 11,1Y)01 6,905 797 547 3,404 7,731 8,731 22.180 67,802 (71,3951 18,587 EndOt funds Churchyard endovfflnl8 7.571 {7,5711 Total lunds 1225,542 319,497 IT23,326) 821,713 20
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUII BITTERNE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIIBER 2024
15 ANALYSIS OF CHARrrABLE FUNDS (conlinued)
Unrestrided Fundi
Unrestrtcted funds comprfse those funds tnjstees are free to use li charitable ob.
DIgnated Funds
TIse o3mprise furKls trustees have set aside for partKular purww. The Chu Rrn fund represents the trMx)k value of
the n)Jm less the orKJinal of the dKyxsan k)an indudwo intmL
Reslrfcted Fun
Restricted funds are fvThJs given for partixlar purkmxe ar¥J pro1. The restrthl fvrKts must be uwl ts the specffic purFAe as
laid do by the donor.
DUrir the preparation of Ihe acllnts. tsjr furth ere identifwj frThn leg&ies gi4pn to the chut¢h 1th restrictions on use, whlth
h1 teen wevKyJsly Includ in unrestn'ct&rf general funds. Tr atove nots Ikerefore sh¢yK the [r&I brought forward balance
for eth fund.
The Stricted fijnds comwsed..
lal The Namalemba and BurrKJ]zi fund is fty ¢1MUnity atwj finanoal SUPF
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIIBER 2024 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrict•d Rastridod Endornt fun funds funds Totsl 2024 Fund balances as at 31 D6c&n£w 2024 ty. Tangible fixed assets Current asse15 Current liabilities LOng4e liabilitS 1,211,781 208,594 168,149) (549,1(M)I 803.126 1,211,781 227,181 168.149) (549,1 Wl 821,713 18,587 18,587 Unrestricled Restrlcted Endomnent lund$ funds fund8 Total 20ZJ Fund balances as * 31 DKemtr2023 eS1edbY.' TarrfJib fixed assets CUnI assets Curwl liabilib'es Long-term liaLNlities 1.1L%,444 297,gJO 191,72n {116,8261 (321,18n 1,195,791 22,180 1,IC6,444 648,838 {91,727) {438,013} 7,571 1,225,542 343,367 7,571 17 TAXATION As a teoistered charity. ts incx)rre is generalty exempt from tax by rea( of its ChaFItab ijbjects and 'Vities. 18 RELATED PARTY TRANSACTIONS The church received a grant of £6,(m from Bitteme EducatKfflal Trust duriry the par. The managing trust of 8itteme Educational TDJSt are the Yr and churchvardens of Hdy saYUr, 8itterrE. The church reiVed a granl of£7,5CQ from Brtteme EccSesia5tical Trust during the ar. The managing trustees of Bitteme Ecclesrdstical Trust are the viGar and church¥Rrdens of Hdy Savk)ur, 8itteme. During the year a total of £1,943 %Yas k)ard to three trJstees for ttckets to Wine. Al the year en6, £1,427 of this remain&J due, This is repsefited in Cxher E*btors in Note 11. {3)23.' £3,509 lolal loaned to three Injstees. with £1,190 remaining due at the yearend, 8nd since repaKI.I During the JEar a total of £625 vras paid in rernuneratK and efft5 to relati¥es of tnjstees. (2023: none.) During the year a total of £851 was pawj in expenses to fi¥e relatives of trustees. (2023.. £1,540 expenses pawj to 1r relatives of trustees.)
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 19 COMPARATIVE 8TATEMEpif OF FINANCIAL ACTMTES FOR THE YEAR ENDED 31 DECE118ER 2023 Unrestrlded RestrtGted Endonant ftds fundi fun Total 2023 INCOME Donations and kgaoes Charitable aclivrties Other incoff Profft on dist¥)sal 155,310 31,435 4.554 28.950 184,1) 40,435 7,1&8 544,478 2,584 544,478 Total income 191,299 585,012 776,311 EXPENDITURE Charilabk adyiities 252,019 543. 795,023 Total oxpondlture 24019 543,004 795,023 NET INCOME FOR THE YEAR AND NET MOVEMENT IN FUNDS 16Q720) 4008 (18,712) TKINSFERS BETWEEN FUNDS 237.197 1237,19n NET INCOME FOR ThE YEAR AND NET MOVEMENT IN FUNDS 176,4TI (195,189) (18,712) FUND BALANCES AT1 JANUARY 2023 1,019,314 217,369 7,571 1,244.254 FUND BALANCES AT 31 DECEMBER 2023 1.195,791 22,180 7,571 1,225,542 23
PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE NOTES TO THE Accouiifs FOR THE YEAR ENDED 31 DECEMBER 2024 20 IAOVEMENT IN FUNDS PRIOR YEAR COIIPARATIVE Balance at 1 knuary Trnnslers Balance at between 31 December lunds 2023 Income Exwdiiurn Unrestrlcted Funds General FuThY 244.875 191,299 {214.366) 237,197 459,PA)5 [Snal Fund . Churth r(x)m 774.439 137,653) 736,786 Restrlcl•d lun Parish hall aThJ office Namalemba and BuThwzi Fund RleVelOp*nt Youth I)rker Legacy. Workl UrCh Action Group Legw for Selli0 Tea LgJ¥ ts Messy Church (J),[} 2,437 14.411 s61,11 (B,6} (524,404) {37,197} (9,C(MJ) 8,248 797 797 4,404 8,731 9.ni (1,OLJ)) 217,369 585,012 1543,(IX) 1237,197) 22,180 Endowment fund$ Churchyard endnts 7,571 7,571 Totsl fvn 1344354 716,311 (795,OZJ) 1,2ZS,542 24