Annual Financial Report 2024 ALL SAINTS FINDON VALLEY (WITH ST PETERS HIGH SALVINGTON) All Saints Church Cissbury Drive Findon Valley WORTHING West Sussex BN14 ODT Registered Charlty no 1163056 For the year ended 31st December 2024 Heather Symonds. Treasurer, May 2025 All Saints Findon Valley (with St Peters High Salvington) ANNUAL FINANCIAL REPORT 2024 Contents Section Page Statement of Financial Activities Balance Sheet Statement of Assets and Liabilities Fund Movement Summary Analysis of Receipts and Payments Commentary and Notes to the Annual Financial report 2021 Receipts and Payments against Budget 10-12 13 Independent Examiners report 14 Website: allsaintschurchfindonvalley.co.uk Incumbent.. Reverend Andrew Cunnin8ton 29 Central Avenue, Findon Valley, WORTHING. West Sussex BN14 ODS Independent Mr Brian Surrid8e examiner: Bolden & Lon& 36a. Goring Road, Goring by Sea, Worthin& BN12 4AD Bankers: HSBC UK I Warwick Street, Worthin& West Sussex BNII 3DE All Saints Findon Valley (with St Peters High Salvingtonl All Saints Church Statement of Flnanclal Athltles For the porlod from 01 January 2024 to 31 December 2024 F*lr*y•ar 41*3A2 7A￿15 41,YJ.82 7A0&15 41.761.47 n1420 3335.00 27,7&828 3J)71n9 Clher￿d￿nIary1r￿￿thlng restrjr ti¥4bes an￿r￿￿T￿o[LI￿￿cCs S3,125.78 4.1th16 ,12&78 4,336.61 (om8tromlrw&lm*ts Total iru 91,819.$6 1&383&04 Costs ofg8r*talro I￿71 398.71 1,(ia8.31 TO,e4)Z 10,812.ClJ &88BA2 1180021 IthA006 fdaong &JpwxtLDsts Church mWwgmert￿?kn"nlstrakn Tdal oxw*lt&ro 7QffQ.7T 1¢1812JJ) 5.838A2 S7￿ 9.74 10.5CQ. 4a37.53 111,134qO 167170 16X 101115 52WA4 Tr•rffjfvr•'. (IDÈS trarffjfBr6 t4rytybnenl￿￿*in 324Z01 9W121 c41￿ fi￿j8¥s￿J, 4201.16 6wi.ets 11W IWA4 1gQ9WQ 1342W 19Q¥rt18 &14 IWA4 MI￿7$ 1908tt•J 110 Apll Pap 1 d1 AH Sthts Chu 3111212024 3111212023 Flxod a888tB 9.19&47 lJ1&rJ 131,118a) 141.830AQ 8.925. 1278.14 t28,184.26 138,388.39 rotsi Ffx•dts*•t• ur¥•nt 45s8ts 47,389.31 6.33922 A1515. sa"rtsT￿ A))Jra 16 AI8W PthC¥sh 70ts1 Curr•nt u••ts 11.553.38 S8,534.21 U•bllrtl•• Tot*1 kn'•bliti• M•t AM•t ￿1P￿$ Id•fieitl 203,183.76 196,922.60 RgMr¥•• &01&1S 52.8WA4 1342￿. 9.84121 3242.01 Tolal R•Mr¥•• 20&183.76 196,922.60 Ryownlod by Funth 187XB.9J le0￿7,￿ 8.45&75 5AU14 8.OTI.69 1,560.44 196,921 2011U76 (lo￿1 2T&g.23 ￿} Py 1 rA1 As at 31 2024 Class and non¥nd code Go￿8r*I IUnr•strki•dl Cwnat•d R•strktod Endo￿n* Total La$t yfy81 Flxed *48et. Inveatnxnts Totsl 1339.43) 339.43 Flx•d *•••*- knv••trn•nt• 9.19U7 9,19X47 892& 1,318.73 1278.14 731,118.20 128,1842e 1,560A4 141,630.40 136.388.39 131.11L Total 140,03140 Curr•nl Aw•t- C••h B•nk And In H•nd T1457.51 6￿.13 138*41.841 5.441fy) 11&fj0) 14￿1 101.7T 12L411 11KX)AI 27AOIAFI (gAXY).tsJI dO.5tt￿ 47.389a1 A1S)5. ￿￿￿Lir&￿XQrt A1510.. FEBCMssKTh a0)￿5nt AIS15.. ￿￿￿1 Sd**A Tr•JirYJknw* 16,PQ22 6.>39.22 269A6 AI525. CBFCPAxrh 61021￿￿) A1530.. eeFch￿r81O2l8&Kj4D A1SS8.. ￿unk￿ldir￿J8l02l RT1&49J I11224￿} 47.70&93 171&48 7.791 .80021 5.047.15 3.798.88 4,4s&r Tot41 J1.$53.36 58,SX21 N•i tot•1 ••••l• 117.3••.90 0,80028 SN2&14 1,560.44 203,183.70 196,922.80 R•pr•￿￿ed èy I87￿￿• 187.3999) 1&),627.72 129Z74 1,292.74 20). (2840A3) Kwjn 129274 D8slW.CIsc Dèslw*.F•niks 1184321 3.350.rx) 4.237.71 1451th1 2.891.04 39923 156.25) 1164JZI 3.W.fX) 4,023.12 1451.961 2.891.04 4231.71 1.01 R¢51￿(*)￿.Fthc 1%251 IM251 13658 654 4,985.32 1&78) 11&481 1,￿.44 654 5.619 18.78) 119A81 1.5WA4 4W32 1&781 11WI R&8trth1. KISS 1,WA4 Total 187.39#.90 1.8W28 5.423.14 I.S60.44 203,183.76 196.922.80 1704rril IQ5927￿1p¥ I d1 111. j 5-zÉi5 All Church Selected pothl: 01 Janw ￿24trI 31 Deconkn 2024 Totsl Genertl De*nated R•Jtrlcted &do¥m*nt Thls sff ar Last ￿•r Incomiry res¢)ur In¢owing re8our￿8 Irom donorn 01(M. (afiAd. B* 0102- GftAd eTr￿( 24KQUJ 1￿67 6.49423 121&C6 ?4,(￿2r•) 21.21100 1.35&67 1094.ljo 6.49423 5.gJ9.00 2.214A)6 3.40&14 435B7 107.82 601B7 OW2. Jump(K4b 0403. M881￿ wit3￿r* 0404. Re￿A￿lIft40 C4C6. 9JThJaymc¢rlry YJ74 187 19827 37179 7219.82 7,219.82 8.057.85 IncomSng r•*ourc•s frorn don¢>r4 Told• 41,9U82 41,701.47 other volunt•ry Ineofvkng r••Our￿* 0103. 87B. 2,7Y7.50 1.49956 2,4133D9 7. 4,eos.LXI e113) o.co Z797.9) 1.1X 375J)) ce01. FknlnI￿ wts oth•r voluntwy r¥*otsYv•* Toe* T.D311J 37AA) 7.408.16 88,014.20 tlvltl•• In lurth•r•wA ot tho PCC'• obJ•ct• 4.966rn $,3JS.LX) tlvltl•• In lurth•r•nco ol th• PCC• oW•L*¥ Totsl$ 4J6&0Q 4,96&00 3,33&0D £ll¥It￿$ for g•n•rnfjng fvNI8 CQJ1. F*s w¢J F8yese CA)2.Jury*les4fJ¥ o Z70S18 2.7￿18 1.40928 74921 750.11 1,283A5 22,104.12 1201. th ha1 1203. K￿ne Inccffie.￿￿ts1r1 iXfj.Sales 1WJ. HmmL*slc 1e04. 8￿j11rd￿lel 347A7 65&28 143.28 14504 1￿.84 Gr•nts Tolal• 54th27 14&W 8OS 1,09&31 1,056.56 tlvhl•# r•l•tlng to th• work of lh• Church 19)1. Dic<*s￿le8$ 2.S77AO 1,810. 19)3.SlpW￿t QK• 2ts)1-AryBiotsni$idftt•ts 30.W).O) 63. 4,94433 1910. 210.00 109.20 4J.20 3.62&&3 3,77a03 46,811 LKS 4.4SSt 1,340.tsJ 30n) 211￿? 2101. Parsthwe 2102.￿<￿ng 2. ¥dmtssk)n 2203.SJnd*f$th.&Yuththbe 914.fd 3T27 914.T2 24. 439.71 3. ¢t￿C* m81n￿￿ 2204. Qe8ning 18 2,89218 1.964 147.29 147.29 3.586.16 2JJ6. ITELf 3.W.67 691.17 2,037.78 4￿19 45Z19 110 ￿ 3Y25 *.39 2 rA3 Tvtsl oerFer￿ Design4t•d Restrlel•d This Last yBar 262CQ 243. 2,LW6 1.664A3 13231 370.51 4,￿0.19 5,828.T2 197.12 2313. PrtnUrvJ &r4Kéx*rwJ 2.71&74 1431.L 2.718.74 2.431.06 35488 4.1(K.18 2402. Chlth u&ib85.(¥s 29Y2. c(Ats. C￿1￿0 4.1(>1.16 77.10 25t6. ￿￿11 Ry8 2W. kkll (x)¥ts.knc•¥ 25r13. Fbll rThts.& 21.15 21.15 s.￿*.95 11&n 1,51&￿7 7,022.8) 127.62 27w1.￿j￿rerth *kn*Jro 2801. VayrBFdr¥ In8￿1*0 tfvitl•* ralaling ts) th• *YJrk Of th• Church Tot•l• 70,331.31 266AO 70,602.TT 94,399.74 Support Costs 04.SdwydFash 10IlZIX) IOJ1ZOO 10.812A)) 8upport co•t• Total• 10.81100 10,500.00 huroh mnty•rn•nt und 4dndnlBtrJtlon 120.OD 289.04 1,09e.79 1,103.03 883.77 324Ae 25704 2307. LI￿or￿0, W¥•J 23ria. M8￿13n￿L0 F￿r￿[¥jC￿ts 2314. Swor 2315. SJb8ti7OJry 2316. Tdephon 3a81.ce e8&12 3￿1.C¢ 68&t2 313 501 1(L). Church rrnnagoffl•rrl and adrnlTrl•tr•llon Tot•l• 5*J&42 &88&42 4,337.53 87m&71 219ts0 88&(X> 88OOQ21 111,1X60 110 2CQ5 9.38 Py 3 (rf3 Annual Fiuance Report 2024 All Saints Flndon Valley wlth St Peters High ￿1vIngton CommeDtsry and Notes to the AnDual FiDaneial report 2024 l. The Financial statemenl of the PCC ba5 been prepared in accordance with the Charities Act 2011 and the Church Accounting Regulations 2006. usAng the Receipts and Payments processlbasis. Th¢ following &ss¢ts ar¢ r¢wgDis¢d but arc not valued in the Balance Sheet. Movable Church fillnishings held by the ChuTchwardens on special tswt for the PCC which require a fa¢￿ty for disposal. Movable fi]rnishings and equipment which are written off &5 acquired which atr of small individual value and are retsined indefinitely. Land and Buildings which are in use indeftnitely, the market values of which are As the accounts are prepared on a receipts and payments b&8is, no a￿rUed assets or liabilities are showm. We have assessed the total estimated amount of liabilities at year end, and these are less th8n £5000, and are considered not nwterial to the overall accounts. These include minor items s￿h as issued ¢heques not cashed and electricity and g&$ used since the last payment. These liabilities are in any case counterbalanced by accnKd wets e.g. tsx recoverable from gift al￿ and hall letting invoice payments etc. 2. Payments to PCC Members MTS Lynda Hawkins in her ¢apacity as Parish Office Manager Mrs Heather Symonds in her capacity as Trth8urer and Hall B¢)okings Secretary Mrs Jenny Jeffery in her capacity as pianist for All Saints churc￿ Findon Valley. Reimbursemenl of eX￿L￿ Incurred supwrting and on behalf of the PCC. Clergy supiN)rt- Council Tax and Water Bills for 2024 Payn)ents to Francis Minchin as Organist- non-PCC Mcmlxr. 3. Our Parish Share for 2024 to the Chichestrr Diocese w&8 £30.OtKI, towards our Cler8y and other central costs at the Diocese. 4. Overheads for 2024 include gas and electtic payments, wat¢r rates, cleaning costs, the general day to day running and upkcep of the church and l)all, and these expenses are detailed in the Annual Rewrts. 5. Gift Aid recoverabl¢ on donations and the regular giving envelope scheme w&8 £7219.62. 6. Legacy- We received £2,433.09 being the balance from the Estate of Helen Butchart. 7. We receiva £561.55 using the 'Sum Up, m￿1￿. 8. Thankyou to those of you who use the internet foT shopping via EasyFundtatsing which is no extrd Cost to the perso￿ and through that system we have raised £194.34 for 2024 so would encournge this to when FK)ssible. 9. Misson- The cburch has Sup￿)rt￿ Turning Tides, Marylebone Centre, Children's Society, British Heart Foundatio￿ Royal British Legio￿ and Care for Veterans 2024 2023 Total asset value at 31# December 2024kThis includes all the banks accounts and CCLA tnvestment Alc's £203.184 £196.922 Totsl expenditure of £88,8(K) £111,134 Totsl income of £91,819 £163,935 Note: in this figure there comprising of the followin& - legacy of £82,000 £41,761 The totsi Te¢eipts from Donors £41,983 Other voluntary receipts incl￿1￿8 legacies £7,408 £88,014 In¢ome frorn activities for generating f(mds i.¢. ial ev¢nts. jumble sal¢, coffee mornin8& hall letting$ £33,126 £27,753 Interest from CCLA investment accounts, as well &s re¢eivin8 a £l(K) dividend from tbe Butchart £4,336 £3,071 Fees for Weddings and Funerals £4,965 £3,335 We set a deficit budget of £27.400 for 2024. Tr actual position at the end of 2024 was £586 eredit (without the of £2,433.09 be. included £586 £29,199 Our expenditure for 2024 w&s reduced from 2023, partly due to changing our Gas and Electricity suppli¢r from Utility War¢house to Octopus Energy with a cheaper tsriff, plus a reduction in our Parish Sbare, although we will be inc￿￿ this for 2025 The parish operates a main HSBC Current accounL and a HSBC Trading bank account for IHII lettings. a deposit account with CBF Church of England Fund. The CBF Goddard Account is a restricted accow Surplus fimds are invested via the diocese in an income share account and Short Duration Bond Fund with the CCLA vthich is a fund management that the Church of England use. The CCLA investment accounts have continued to ￿rfOrnI with the fund values increasing for 2024. with a gain of £3242.01 over the three accounts listed below. The CCLA accnunls at the 3 1st Deeemi*r 2024 are valued at .5586- £131.118.20 5089- £1,316.73 .5199- £9.195.47, as shown in the Balance Sheet ReFK)rt. HSBC Current account as at the 3 1st December 2024 was £40,582.80 HSBC Trading account as at the 31 st December 2024 was £16.802.22 The Goddard fund [£3,798.88 at year end] is a Restrieted Account to be used for children and families. From the Goddard fund an enjoyable day spit for the children and families on a day trip to E&8tbourne in Au8usL this ￿uTht also fiuKled an Assault Course held at our Sununer Fair. The Parish has one endowm¢nt fund [from which only the interest ¢an be used] whA¢h is the 'Garden Fund. at £1.316.73 valuation on CCLA CB3005089 as at 31.12.24. Our CCLA Reserve funds are there to support any necessary upcoming exFThliture, supporting mission and the local community. also to cover any shortfall in the day to day running costs. Th¢ PCC aims to keep 3 months of average expenditure in the HSBC Current Account. The report from the indepKndent exami[￿r, Mr Brian Surridge of Bolden and Lon 364 Goring Roa<1 Goring-by-sea Worthing West Sussex BN12 4AD is attached at the end of the re￿L Heather Symonds Treasurer 1st February 2025. o. É1.4 roj E72>) ISAII ULV&i 11F £4.W Q4a5 12% t16.t•J •)) -11% tlS(W t t12tYffj Wblw. -11$ -111* Independent Examinerfs Report to the PCC of All Saints Church, Findon Valley (with St Peter's High Salvington), for the Year Ended 31" December, 2024 Section A This is my report to the Parochial Church Council of the Ecclesiastical Parish IPCCI of All Saints, Findon Valley, on the annual report forthe year ended 31 December 2024 Respectlve respon51bllltles of trustees and examlner The PCC members are responsible for the preparation of the annual reports. The PCC members consider that an audit is not required for this year under section 144 of the Charities Art 20111.the Charities ACVI and that an independent examination is needed. t is my responsibilty to.. examine the accounts under sertlon 145 of the Charities Act, to follow the procedures laid down in the general Direction5 given by the Charity Commission (under section 14515llbl of the Charities Act, and to stste whether particular matters have come to my attention. Basls of Independent examlnerfs statement My examination wa5 carried out in accordance with general Directlon5 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual items or disclosures in the accounts, and seeking explanations from the trustees con¢ernin8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and falrf view and the report is limited to those matters set out in the statement below. Independent examlner's statement In connertion with my examination. no material matters have come to my attention (other than that disclosed below In Section B below I whlch gives me cause to belleve that in, any material respect.. accountlng records were not kept In accordance wlth sectlon 130 of the Charitles Act or the accounts do Th)t accord wlth tt* accounting records I have come across no other matters In connectlon wlth the examlnatlon to whlch attention sl)ould be drawn in order to enèble a proper understanding of the accounts to be reached. * Please delete the words in the (brockets) If they do not apply Examlnerfs sl8nature Examlnerfs name CAwfAiS Date Relevant professional qualiflcationlsl or body ,Aony Exarninee5 address C54T¢Pts* *¢o¥fvnyrs Independent Examiner's Report to the PCC of All Saints Church, Findon Valley (with St Peter's High Salvington). for the Year Ended 31 December, 2024 Section B Disclosure Only complete rf the examiner needs to highlight matters of concern {see CC32, Independent examination of charlty accounts: directlons and 8Utdance for examiners) Glve here brlef details of any Items that ihe examlner w15hes to dlsclose