2024-12-31-accounts

ST MARY'S AND ST FRANCIS PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR 2024 2024 ANNUAL REPORT AND ACCOUNTS for the Parochial Church Council of St Mary's and St Francis, Barcombe Page Ito4 Annual Report Financial Review Administrative information Report of the Independent Examiner .I'lllil 10 Statement of Financial Artivities 11 Balance Sheet 12 to 17 Notes to the accounts Website: www.barcombechurch.org Incumbent: The Rerfd Sam Carter The Rectory, l The Grange, Barcombe, Lewes, BN8 SAT Kim Gomes, Independent Examiners Ltd, Unit 2, The Broadbridge Business Centre, Delling Lane, Bosham, P018 8NF Principal Bankers: CAF Bank Ltd, Kings Hill, West Malling ME19 4TA Registered Charity no: 1159084

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 Our aims and purposes as a charity The Parochial Church Council {PCC) has the responsibility of co-operating with the incumbent, the Re¢d Samuel Carter, in: o the promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England; knowing Jesus better and making him better known. promoting the whole mission of the church - evangelistic, pastoral, social and ecumenical. o providing practical support and care for people in the parish, regardless of background; and providing financial support to those in need and other organisations with similar objectives. What we planned to do to achieve our charitable objectives Mindful of the diocesan strategy for 2020-2025 {to be 'more open, more converted to Jesus Christ, more generous and more engaged,), we discussed and planned a vision day, which was held on the 2. March 2024. The three most prominent themes emerging from our vision exercise were worship, discipleship and outreach. A vision statement emerged. Here it is: At Barcombe Church we are prayingthat we wouldgrowin three areas over the next five years.. our worship. discipleship and outreach. Worship.. We want to cultivate a rich worshipping life that draws people deeper into the presence of the living God. We are praying to.. grow our church family 50% over five years, and doubling the number of under-18s," develop our worshipping life through nurturing new musicians and other leaders,. and upgrade ourA Vsystem. Discipleshlp We want to be people increasingly transformed by Christ. reflected in.. increasedprayerfulness and more opportunities for corporate prayer," revitalising and doubling the number of growth groups (including a new discipleship group for teenagers),. greeningourchurch buildings and rnakingproductive use of the church field,. and Page I

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 , regular church events (hikes. BBQS, harvestsuppers etc.) Outreach We long to see the Holy Spirit bringing people to f81th in Christ through." reviewing the welcome we offer." the launch of a newservice in the heart of the village,. redevelopment of St Francis as a centre for outreach," annual Alpha and other courses,. growing support ofneighbouringparishes and world mission. And in diagram form: Purpose Prayez Growlng In fafth and m¥klngJe8u$ krnvm Prayer Dtsc5piashlp Woahlp Outroath . "up8￿18Avw4&I￿fj Estabtishgr(h¥th co ord￿natr￿. EstabLÉshy(xnh disciploship . R8vl•wwoicomg AnnualAlpha courses , Launth ne•1 89rvic8 in viLLag8 Scope plArn to rndvrfelop St Franc1& CA)nwd8f opiior• togrnw workwith eidwiyldwngkxlaldgbt . couns6ll1￿. rnUBiC?on8 Dvéelop plar ¢l￿re Dwglop￿DuaLplanOf Ljrth ev8nt& These activities comply with the Charity Commission's guidance on public benefit and the specific guidance on 'charities for the advancement of religion, The PCC has also complied with the requirements of section 5 of the Safeguarding and Clergy Discipline Measure 2016.1 How we got on Worship The church continues to welcome a wide range of people (parishioners and those from further afield) to its services. Voluntary attendance to worship Jesus Christ in this way is a major demonstration of the public benefit of our activities. As well as those at the parish church, St Mary's, service5 are held at St Francis, giving the church a presence in the heart of the village. "Walking on the Greenwich Meridian trail A beautiful and quiet place. Thanks for your hospitality." St Mary's visitors, book The average regular weekly attendance (October 2024) was 59 adults and 16 young people. School Harvest attracted 130 young people and 130 adults. Our regular Sunday morning children's work is conducted in two groups split by age. This duty require5 the incurnbent and PCC (among other relevant persons) to have due regard to the House of Bishops, guidance on safeguarding children and vulnerable adults. Page 2

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 Our Christmas services were well attended with 164 adults and 11 children attending the two Christmas Day Communion services as well as 140 young people and 120 adults for School Carols and 185 of all ages at the popular Christingle Service. Teaching, baptising and nurturing new and existing believers We conducted just one baptism in 2024 and two weddings. Sadly the number of funerals and committals was up- eight funerals and two committals, ten in all. If this was the whole story we might feel rather gloomy, but one of the joys of the past year has been seeing new faces regularly at church, and those on the fringes become more involved. We are confident that God is at work and that the church in Barcombe has a bright future. During Lent we ran a discipleship course attended by some 20 people. Three growth groups for bible study, fellowship and prayer continue to meet. Around 30 people are linked to these groups and we plan to Start a new group in 2025. This year our teaching programme has followed the lectionary during seasonal time (Advent, Epiphany, Lent, Easter). The rest of the year saw u5 finish a series in looking at Isaiah chapters 40-55, before beginning a new series in St Paul's first letter to the Corinthians. We hope to finish that during 2025. Our weekly prayer meeting by Zoom has continued uninterrupted. And we began a new monthly prayer meeting- First Priority- to pray for the church, community and nation, and the wider world. We consider prayer to be the lifeblood of all that we do. Pastoral care and other assistance Representatives from the church visit the housebound, lonely and otherwise in need. The church also holds a relief fund for parishioners in crisis (see Financial Review below). Our churches and churchyards continue to be appreciated by many as a place where life events are celebrated with joy and thanksgiving. We prioritise keeping St Mary's and St Francis open during the daytime, something that is becoming rare in Sussex. This involves a regular team from the local community in opening and locking up each day. A steady stream of entries in the visitor book testifies to the appreciation many visitors have of St Mary's and others visit St Francis for quiet reflection. We publish the Barcombe News and distribute a monthly copy free to every household in the parish. Representatives from the church visit the housebound, lonely and otherwise in need. Building links with the wider community and reaching out to the unchurched Church members continue to support around ten local families in the Barcombe Bunnies playgroup which meets at St Francis. At the other end of the age range, our monthly popular St Francis community lunches continue to provide for around 30 mostly elderly people. Page 3

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 ',, We were pleased to be involved in the launch of a monthly Community Cafe in the village, part of an exciting new partnership between the Church and the school PTA. Cake and refreshments are provided free of charge to 30-40 people of all ages. In February and March this year we ran 3 3-2-1 enquirers. course for 7 people la mix of church and non-church). Barcombe Cross Youth continues to thrive. offering fun activities for local young people whilst also introducing them to the good news of Jesus Christ. We regularly have 20 10-14s attending, of whom two thirds have no other connection to the church. In the Autumn we ran a youth Alpha course for around 8 young people. "So peaceful and beautiful. Thank you for being open." In Decemberthe Church organised a warmly received Nativity trail attended by around 150 people, with over 100 continuing to the Royal Oak for a rousing performance of Carols in the Pub. Supporting staff and governors in promoting the Christian distinctiveness of Barcombe school The Rector continues to take a weekly assembly at Barcombe school and teach an RE lesson for each class once per term. He also serves as a foundation governor for the Skylark Federation lof which Barcombe is a member). In this capacity he has assisted at OFSTED inspections at Hamsey and Iford and Kingston schools. It has been a joy to welcome the school community to St Marfs for harvest, Christmas and Easter services. Giving grants to organisations with similar aims We support a variety of charities and organisations in line with our aims through grants totalling over £7,400. Maintaining church property Well-maintained buildings enable us to welcome a variety of village and outside groups to St Mary's, the Conker Room and St Francis. These include Laughton Village Choir, Barcombe Bunnies, The Diocese of Chichester, Barcombe Good Neighbours, nearby parishes and the Bevern Trust. ECO Church Celebrating God's majesty on earth through our affiliation with A Rocha's Eco Church programme has resulted in our first Ecochurch Award during 2024. There is much still to be done a5 we continue to strive to preserve and protect God's rich kingdom as we seek new solution5 on the path to net zero. Page 4

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 In 2025 we will continue to develop our plans to reduce our church buildings, reliance on fossil fuels. We will also need to consider how best to modernise St Francis to better serve our outreach in the village. Financial Review Overall, the total Income in 2024 was £130,53112023 £145,507) and the total expenditure was £140,89512023 £146,000), ending with a deficit of £8,955 {2023 £3,838). The total funds for 2024 carried forward are £113,83812023 £122,793} made up of £81,093 General funds, £20,780 Restricted fund5 and £11,965 Endowment funds. The largest income category in 2024 was Planned Giving totalling £72,775. This compared favourably with the amount of £71,558 received in 2023. Three legacies were received in 2024 totalling £18,000 {one in 2023 of £20,000). The amount in 2024 of £18,000 included a legacy of £10,000 given specifically for Youth Work. The largest single item of expenditure was the Parish Share of £81,444 paid to the Diocese of Chichester. This was an increase of £2,652 over 2023. It is important to note that once again, Barcombe paid the full amount of Parish Share that was requested by the Deanery. The PCC holds the restricted Barcombe Relief Fund and oversees its administration. Income received in 2024 was £350 and grants paid out amounted to £2,423 in support of four local families. The balance on the fund was £1,409 at the end of the year. Reserves Policy It is PCC policy to seek to maintain a balance of liquid assets on unrestricted funds calculated in two parts as follows: Part l. Approximately three months, worth of unrestricted general fund payments as a contingency against unforeseen situations {£32,000 in 20241 and Part 2. A provision for the maintenance of the fabric of the church to meet costs arising every five years following the Church Architect's Quinquennial inspection of the building (estimated at £5,000 per annum). At the end of 2024 this figure should amount to £25,000 (the actual figure was £8,367). The total amount of reserve5 required by the policy is, therefore, £57,000. The actual total of unrestricted liquid assets held at the year-end was approximately £81,000. This figure is about £24,000 more than the £57,000 required to support the Reserves Policy. This sum is likely to be used to towards funding the budgeted deficit for 2025 of £27,690 and enable the PCC to meet the requested Parish Share for 2025 of £83,892 in full. It is PCC policyto invest funds balances with the CBF Church of England Investment Fund, the CBF Church of England Fixed Interest Securities Fund and the CBF Church of England Deposit Fund. Page 5

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 Administrative information General In all we do, we take account of the Charity Commis5ion'5 guidance on public benefit and the specific guidance on charities forthe advancement of religion. The parish of St Martys and 5t Francis, Barcombe has two church buildings: St Mar¢s, Church Road and St Francis in the High Street as well as the church yard at St Bartholomew's. Spithurst. We are in the Diocese of Chichester within the Church of England. Structure, governance and management Parochial Church Council. Church Members are encouraged to stand for election to the Parochial Church Council (PCCI and we look for a balance of skills and experience. The PCC is registered with the Charity Commi55ion (No. 11590841 under the Charities Act 2011. Its governing document is the Parochial Church Councils {Powersl Measure 1956. Membership is determined under the Church Representation Rules. Membership consists of ex-officio members- the rector, the churchwardens, the members of the Deanery Synod, and up to nine members of the church who are elected at the Annual Parochial Church Meeting IAPCM). The PCC may co-opt up to two more members. The PCC is responsible for the overall wellbeing, practical as well as spiritual, of the church, the church members, and the church buildings. The PCC also has a duty to promote the mission of the church within the wider community. Membership. During the year, the following served as members of the Parochial Church Council: Ex officio members Incumbent: The Re¢d Sam Carter, Chair Wardens: Mr Nicholas Lear {elected May 2024} Mrs Rosemary Milmine {re-elected May 2024) Mr lan Pounce (retired May 2024) Deanery Synod representatives: Mrs Angela Carter (due to retire 2026} Mr Jonathan Leeson (due to retire 2026) Elected and co-opted members Mr Alan Cannings {passed away April 20241 Mr Ebenezer Cottingham (due to retire 2026) Mrs Bridget Cross (retired May 20241 Mr Andrew Lamont, Hon Treasurer {co-opted Jul 20241 Mrs Wendy Lamont (due to retire 20261 Page 6

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 . Mrs Charlotte Mltchell (due to retire 2026) Mr Stephen Pigott {due to retire 2025) Mrs Heather Shepheard (due to retire 20251 Mrs Millie Sherman (due to retire 2026) Mr David Yair (due to retire 20261 What is it for? The PCC is responsible for a wide range of matters affecting the Parish Church, including compliance with health and safety and disability legislation and child protection. In our capacity as trustees, members of the PCC are responsible for the stewardship of funds and for the appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member is equipped to fulfil the role. New members. New members of the PCC are quickly included and fully involved with their roles and responsibilities at the first PCC meeting after their election or co-option. The PCC secretary and Honorary Treasurer are eletted at the first meeting after the Annual Parochial Church Meeting. Education for members. The PCC secretary, the Treasurer and the Churchwardens all attend courses run by the diocese on their particular work and courses are also available to members generally. Regular mailings from the diocese keep the officer5 UP to date with changes in church regulations and financial procedures and these are reported to the whole PCC as appropriate. Safeguarding. Mrs Mim Austin served as Safeguarding Officer during the year. With the Rector, she was responsible for ensuring that Disclosure and Barring Service (DBSI checks were carried out on all those who work with children and vulnerable adults in the church. The PCC has adopted the Diocesan Policy which is available from the church website, or a hard copy can be found in both St Francis and St Marfs, along with a policy statement on the protection of children and vulnerable adults. Members of the PCC have done online training {CO or above). We have been certified under the diocesan Simple Quality Proterts scheme. Accountant. The PCC has appointed Mr Stephen Brentnall as its accountant. The PCC thanks the honorary treasurer Andrew Lamont for his endless assistance with the church finances throughout 2024 and Ben Williams-Thomas for his assistance with gift aid. Committees. Committees report to the PCC and are responsible for specific areas of the church's activities: The Standing Committee has the power to transact the business of the PCC between its meetings, subject to any direction given by the full PCC. •5 The Buildings Committee deals with the fabric of St Mary's and St Franci5. Page 7

ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2024 ••• The Mission Action Commlttee oversees the giving of a tithe of the income to various charities and keeps the congregation informed of the activities of these charities through guest speaker5, prayers and information. •é The Youth Committee oversees the youth work of the Church The St Bartholome￿s committee looks after the churchyard at Spithurst. Risk Assessment The major risks to which the council has been exposed have been identified by a risk analysis exercise carried out by PCC members. The risks have been reviewed and systems and procedures have been established to manage the risks. Approved by The Parochial Church Council on 10th March 2025 and signed on its behalf by Re¢d Sam Carter, Chairman. Date: Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY AND ST FRANCIS, BARCOMBE

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Report to the trustees/ members of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St Francis, Barcombe on the accounts for the year ended 31st December 2024.

Respective responsibilities of trustees and examiner

As the charity’s Trustees of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St Francis, Barcombe, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Basis of independent examiner’s statement

Having satisfied myself that the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St Francis, Barcombe are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St Francis, Barcombe as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

Signed:

Date: 15.4.25

Kim Gomes FCIE MAAT Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

Page 9

BARCOMBE PAROCHIAL CHURCH COUNCIL (PCQ STATEMEIYT OF FINANCIAL ACTIVITIES For the Year ended 31st December 2024 Unrestricted Funds Restricted Funds Endowment TOTAL F Funds 2024 2023 Note Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments 2(a) 2(b) 2(c) 2(d) 98,693 5,025 8.175 3.487 14.831 113,524 131,074 5,025 5,225 8,175 6,668 3,807 2,540 320 TOTAL INCOME 115.380 14,831 320 130,531 145,507 Expenditure on: Raising funds Charitable activities 3(a) 3(b) 134.657 5,918 320 140,895 146,000 TOTAL EXPENDITURE 134,657 5,918 320 140,895 146,000 Net gainsl(losses) on investments 1.127 282 1,409 4,331 NET INCOMEI(EXPENDITURE) (18.150) 8.913 282 (8,955) 3,838 Transfers between funds NET MOVEMENT IN FUNDS (18,150) 8.913 282 (8,955) 3.838 Reconciliation of Funds Fund Balances brought fonvard at 1st January 2024 99,243 11.867 11.683 122,793 118,955 BALANCES CARRIED FORWARD AT 31st DF.CEMBER 2024 81.093 20.780 11.965 E13,838 122,793 Page 10

BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC) BALANCE SHEET AS AT 31st DECEMBER 2024 2024 2023 Note FIXED ASSETS Investment assets 57.907 56,498 CURRENT ASSETS Debtors Short tenn deposits Cash at bank and in hand 3.183 47.564 10,705 61.452 3,315 49,704 18,702 71.721 LIABJLITIES . Amouwfs FALLING DUE WITHIN ONE YEAR 5,521 5,426 NET CURRENT ASSETS 55,931 66,295 TOTAL ASSETS LESS CURRENf LIABILITIES 113.838 122,793 NET ASSETS 113,838 122,793 FUNDS Unrestricted Restricted Endowment 81.093 20,780 11,965 99,243 11,867 11,683 io 113,838 122,793 Approved by the Parochial Church Council on 10th March 2025 and signed on its behalf by :_ (Chaimian) (Treasurer) The notes on pages 12 to 17 forni part of these accounts. Pagell

BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC) NOTES TO THE FINANCIAL STATEMENrs For the Year eDded 31st December 2024 ACCOUNTING POLICIES l(a) Basis of Preparation The PCC is a public benefit entity within the meaning of FRSI 02. The financial statements have been prepared under the Charities Act 201 l and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the ¢urr¢nt (2019) Statement of Recommended Practice, Accounting and Reporting by Charitie5, (SORP (FRS 102)} The financial statements have been prepared under the historical c05t convention as modified by the inclusion of investments at market value. The financial statements includ¢ all the transactions. assets and liabilitie5 for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church melnbers. l(b) Funds Funds held by the PCC are :_ Unreslrictedfynds general funds that can be used for PCC ordinary purposes. Designatedfyn monies set aside by the PCC out of unrestricted funds for specific future purposes or projects. Reslrictedfvnds (a) income from trusts or endowments that may be expended only on those restricted objects provided in the terms of the trust or bequesL and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. AT]y balance remaining unspent at the end of each year must be carried forward &s a balance on that fvnd. The PCC does not usually invest separately for each fund. Endowmentfvnds funds the capital of vA]ich must be maintained. only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. The PCC may have the power to convert certain endowment funds into expendable income. such funds are known as expendable endowments. l(c) Ineome and Endowments All income and endowments. accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitl¢menl receipt is probable. and the amount can be me&sured reliably. l(d) Donations and Legacies CollectiOPLS are recognised when received. Planned giving receivable is recognised when there is evidence of entitlemenL receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate. Gift aid recovered T5 recognised when the income to which it is attached is recognised. Graplts and legacias are recognised when the fornial offer in writing of the funding, is received by the PCC. l(e) Charitable ActÉvilies. Trading Aetivitie5 and all Other Income Statuloryfees for weddings and funerals are recognised when the o￿lCe occurs. Trading activili&s are where income is receivable in return for selling good5 or providing services and is recognised when rec¢ived. i(fj Investment Income Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accNe. l(g) Gains and Losses on Investments Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluatTon at 31 st December. Page 12

BARCOMBE PAROCIIIAL CHURCH COUNCIL IPCQ NOTES TO THE FINANCIAL STATEMENTS (eontinued) For the Year ended 31st December 2024 l(h) Expenditure Expenditure is recognised when there is evidence of entitlem¢nL payment is probable, and the amount can be measured reliably. l(1) Grants Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. i(i) Charitable Activities Th¢ diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 3 1st December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. l(k) Fixed Assets TangibIef￿ed assets. Consecrated and benefi¢ed property of any kind is excluded from the accounts by s.l 0(2) of the Charities Act 201 l. Movable church furnishings held by the Rector and Churchwardens 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 which can be inspected but are not included in the financial statements. For inalienable property acquired prior to 2000, there is insutTicient cost infonnation available and therefore such assets are not valued in the financial statements. Individual items acquired since 1st January 2000 have been capitalised in the financial statements and depreciated over their useful economic life. All expenditure incurred in the year on consecrated or beneficed buildings, individual items Costing under £5,000 or on the repair of movable church fvrnishings acquired before 1st January 2000 is written off. Investments . Investments are valued at market value at 31 st December. INCOME AND ENDOWMENTS Unrestricted Restricted Endowment TOTAL Funds Funds Funds 2024 FUNDS 2023 2(a) Donations and legacies Planned giving Collections (open plate) Donations Gift aid tax claimed Grants received Bequests and legacies 72.775 2.353 2261 13.304 72,775 3,457 5,341 13,951 71,558 5,235 17,244 17,037 1.104 3,080 647 8,000 98,693 10,000 14,831 18,000 113.524 20,000 131.074 2(b) Charitable activities Parochial Fees income 5.025 5.025 5,025 5,025 5,225 5,225 2(c) Other trading activities Fundraising income Hall income Parish magazine Sundry income 751 2.387 5.037 751 2,387 5,037 1,141 1,976 3,551 8,175 8.175 6,668 Page 13

BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC) NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st Deeember 2024 INCOME AND ENDOWMENTS (continued) Unrestricted Restricted Endowment TOTAL Funds Funds Funds 2024 FUNDS 2023 2{d) Investments Dividends and interest received 3.487 3,487 320 320 3,807 3,807 2,540 2,540 TOTAL INCOMING RESOURCES 115,380 14,831 320 130,531 145,507 3 EXPENDITURE Unrestricted Restricted Endowment TOTAL Funds Funds Funds 2024 FUNDS 2023 3(a) Raising ￿ndS Fundraising costs 3(b) Charitable activities Missionary and charitsble giving Ministry costs . Diocesan Parish Share Other ministry costs (see note 4) Church running expenses Church Major repairs & fabric costs Upkeep of services Youth work, training and mission Parish magazine Support Costs Independent Examiner's fees Administrative costs 7,434 3,373 10,807 17,385 81,444 6,296 22,083 2,151 2,048 491 4,040 3.897 937 3,836 134,657 81,444 6,296 22,403 2,151 2,048 3,036 4,040 3.897 937 3,836 140,895 78,792 6,199 16,861 10,880 ,980 1,944 3,976 3,052 860 4,071 146,000 320 2,545 5,918 320 TOTAL 134,657 5,918 320 140,895 146,000 4 STAFF COSTS The cost of the PCC'S part-time Cleaner are included in 'Church running expenses, in nole 3(b) above. 2024 2023 Wages and salaries Social security costs Employerfs contribution to defined pension scheme 1,872 1,705 ,872 1.705 Average number of employees during the year No employee received employee benefits of more than £60,000. Page 14

BARCOIKBE PAROCHIAL CHURCH COUNCIL IPCC) NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2024 INVESTMENT ASSETS uoted Investments Market value at I sl January 2024 Disposals during the year Revaluation gain/{loss) 56.498 1.409 Market value at 3 1st December 2024 57.907 At 31 st December 2024, the market values of individual holdings were as follows :_ CBF Investment Fund 1,796 units CBF Fixed Interest Securities Fund 10.990 units 41.519 16,388 57,907 6 DEBTORS 2024 2023 Recoverable Gift Aid Other sundry debtors 2,841 342 3,183 3,315 3,315 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Creditors for goods and services Accruals of utility and other costs Deferred income 3,131 890 1.500 5,521 2,947 840 1,639 5,426 UNRESTRICTED FUNDS Balance at 1st. January Balan¢e at 31st December Movements in Resources Outgoing Transfers Gains I (Losses) 2024 Incoming 2024 General Fund Designated Fabric Fund (i) Mission Action Plan Fund (li) 85.547 11.934 ,762 99,243 115,380 131,090 3,567 ,127 70,964 8,367 1,762 81,093 115.380 134,657 1,127 (i) The fvnd has been designated by the PCC to finance the cost of mainlenance to the fabric of the church. (li) The ￿nd has been designated by the PCC to finance expenditure in connection with the PCC'S MAP. Page 15

BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC) NOTES TO THE FINANCIAL STATEMENfs (continued) For the Year ended 31st December 2024 9 RESTRICTED FUNDS Balance at 1st. January 2024 Balance at 31st December 2024 Movements in Resources Incoming Outgoing Transfers Gains Youth Work Fund Charity Fund Restricted Gift Fund Organ FuT]d Tower Fund 5,038 10,917 949 2.529 376 60 2,545 949 2.424 13,410 4.731 1,800 298 11,867 4,836 2,176 358 20,780 5,918 10 ENDOWMENT FUNDS Balance at 1st. January 2024 Balance at 31st December 2024 Movements in Resources Outgoing Trdnsfers Gainsl (Losses) Incoming Churchyard Trusts (5 in total) 11,683 320 320 282 11,965 11,683 320 320 282 11,965 There are 5 pernianent endowments that provide income towards the upkeep of graves and the churchyards. I I ANALYSIS OF NET ASSETS BY FUND Unrestricted Restricted Endowment Funds Funds Funds TOTAL Fixed assets Current assets Current liabilities 45.955 39,926 (4.788) 11,952 13 57.907 61,452 (5,521) 21.513 {733) Fund Balances 81,093 20,780 11,965 113,8J8 Page 16

BIIRCOMBE PAROCHIAL CHURCH COUNCIL (PCC) NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2024 12 PAYMENTS TO PCC MEMBERS 2024 2023 The PCC supported the clergy by paying:_ The cost of vicarage utilities Clergy working expenses 4.765 1.307 6,072 4,549 1,647 6,196 2024 2023 Verger's fees were paid to two PCC members in 2023 180 No expenses were reimbursed to PCC member5 There were no payments to oth¢r trustees or persons related to or connected to them other than the normal reimbursements of payments made to third parties on behalf of the church and payments described in Not¢ 13 below. 13 RELATED PARTY TRANSACTIOIYS During the year. the following charitable grants were made that require disclosure as rel*ed paty transactions:. £826 to Interserve for The Vaughan Family (2023 = £600) (Matt Vaughan 15 working in a self-supporting role for Interserve and the Diocese of Binningham). Mrs H Shepheard, a trustee. is the aunt of Matt Vaughan. £826 to The Mission House (2023 = £500) (charity registration number 1107874) MT I Pounce, a trustee until May 2024, is also a trustee of The Mission House. The total amount of donations funded by PCC members and Telated parties was £30,817 (2023 - £24.071). Page 17