Annual Report and Financial Statements of the Parochial Church Council of Newchapel St James st For the year ended 31 December 2024 Charity registration number.. 1163088 "Don't be afraid, dear Zion, don't despair. Your God is present among you. Zephaniah 3..17 Ithe Message) Church motto verse f or 2023
DIOCESE OF .1 LICHFIELD ,JL Come follow Christ in the footsteps of St Chad The Parochial Church Council of The Parish of Newchapel St James Trustees, Annual Report for the year ended 31" December 2024 Ob-ectives and Actlvitie5 The Parochial Church Council of Newchapel St james (the PCCI has the responsibility of co-operating with the incumbent. However, Newchapel St James 15 currently in vacancy, in promotin8 in the ecclesiastical parish, the whole mission of the Church, pastoral, evanÈelical, social. and ecumenical. The PCC is also spiritually responsible for the maintenance of the church. The PCC 15 committed to enabling as many people as PO55ible io worshlp at our church and to become part of our parish community at Newchapel. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture. music and sacrament. Also. through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the communitv. Public benÈfit The trustees of the PCC are aware of the Charity Commission's guldance on public benefit in Yhe Advancernent of Religion for the Public Benefit, and have had regard to it in their administration of the Charity. The trustee5 believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of St james Newchapel, it helps to promote the whole mission of the Church by following Christ in the footsteps of St Chad, through vocation. discipleship, and evangelism, and that in doing so it provides a benefit to the public. Achievements and Performance At the start of 2024 we began an Interregnurn in which we have mostly managed to have 2 Holy Cornmunions a month, run a Lent course, a Start course which carrled on to the end of the year as a house group. We have hosted Ladies and men's Breakfasts. We had Churchyard Day and invited member5 of the communlty to join us also an evening with the Cubs and Scouts helping to tidy the Christmas wreaths off the 8raves. At the end gf the year, we 72 members on the Church Electoral Roll which is 5 more than 2023. Safeguarding The PCC believes they have fulfilled their duty under section 5 of the Safeguardlng and Clergy Discipline Measure 2016 la duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adultsl. Our safeguarding officer has worked really hard this year on bring the PCC and all those volunteer5 involved in activities which include vulnerable children and adults, to have all the on line training they need. Re ortin Serious Incidents A Serious Incident is an adverse event. whether actual or alleged, which results in or risks Significant harm to the charity's beneficiaries. employees, office holders, volunteers or to others who come into contact wlth the charity through Its work.loss of the charity's money or asset5. damage to the charity's property or harm to the charitls work or reputation. The trustees are not aware of any Seriou5 Incidents in the last year. Fundraisin Puge 2
The PCC takes its fundraising responsibilities 5eriou51y and is very grateful to all donors whether regular or occaslonal for their support of the church and church events. PCC supporters are never taken for granted. The PCC takes full responsibility for fundraising and does not Use commercial or83nisations or profe55ional fundraiser5. All money raised is either by donations, fundraising events, Special appeals or legacies for which the PCC are most grateful. Volunteers The members of thè PCC would like to thank all 61 volunteers who work so hard to make our Church a lively and vibrant communlty. Rlsk Management The Church Wardens carry out regular Health and Safety Review% and regularly Inspect premises for potential hazard5. We have 5afe8uarding policies in place for child protection and for work with vulnerable adults, including ri8orous DB5 checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An infoimal review of any new risk5 which may impact the work of the Church in the Parish is ongoing. StructL¢re, Governance and Management The PCC Is a tsody Corporate established by the Church of England and is a Charity registerèd wlth the Charity Commission under re8lStrati()n number 1163088. The PCC is governed by the Parochial Church Council Powers Measure119561 as arnended that came into effect on 2. January 1957, and the Church Representation Rule5 (contained in Schedule 3 to the Synodical Government Measure 1969 as amendedl. The method of appointment of the PCC rnembers is set out in the Church Representation Rules. The Council comprise5 the Incumbent. the Churchwarden5, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting. by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to Stand for election to the PCC. The PCC members are responsible for making decision5 on all matters of general concern and importance in the parish, and for all financial matters. The PCC met 9 times in 2024. Financial Revlew PCC of Newchapel St James Net Total Assets.. £62.50712023 £54.1541 Excess.. £8,353- Unrestrlrted Excess.. £3,793 Restricted Excess £4,561 12023 Excess £13.2931 Reserves Policy It is PCC policy to try to build up free reserves Inet current assets) which equates to at least three months unrestritted payments. The Reserve Fund now stands at £10,500, almost equivalent to three month's usual bills when the church started to make these ¥eserve5. The PCC must be reminded that these funds must be sufficient to cover 3 months of expenses which they currently do not as costs have increased per rnonth to around £12.666. The PCC will need to keep a check on thi5 moving forward and make provision within the reserves for this increased expense. The balance of the free reserves at the year-end was £17,88012023 £18,3801 plus the reserves de5ignated= £28.380, 50 above this target. Due to the exponential rise in cost of building materia15 the church is 80ing to Struggle for a number of years to continue with a programme of ijrgent rernedial repair5 due on the church therefore the plan to wait until they are complete before saving for the reserves seems unwise,. the PCC plan to set aside a growing reserve, year on year, until at least the sum of three months unrestricted payments is held in a reserve fund. Ptsge 3
Investment Pollcy The charity 15 granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Aci 2000. As a charity, the Trustees have a duty of care to take such Hdviee as Is appropriate before investments are undertaken. This advice 15 sought from the Central Board of Finance ICCLAI in London. AFH Wealth Management and EFG Harris Allday The chariiV5 investment policies are based on two key principles'.- Ethical Invè5trnent- this includes ensuring that investments are held in companie5 which have high standards of corporate governance and act in a responsible way toward5 Stakeholders. Long-term responsibilities the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and a5 a result follow a prudent approach to investment declslons. Investment poli¢y for IoD8-term funds is aimed primarlly at generating a sustainable incorne, with due regard to the need for the preservation of capital value, and the possible need to reali5e investtnents to meet operational needs. The charity doe5 not have a policy of generating income at excessive or high risk- known as "purchasing income" where high returns are guaranteed at the expense of capital. In surHrn3ry, the charity has an ovèrall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into conslderation when investment5 are made.. The charity follows the Ethical Investment Advisory pollcy as recommended by the Lichfield Diocese which includes the following.. e aim to invest in companies that.. will develop their business in the interest5 of shareholdeTS,' demonstratè responsible employment piactices; are conscientious concerning issues of corporate governance, the environment and human rights.. are sensitive to the community in which they operate." Planned givin& collections and donations are the main sources of fund raising along with tax recoverable. Reporting Serlous Incidents A Seriou5 Inc5dent is an adverse event, whether attual or alleged, which results In or rlsks sSgnificant harm to the charltvs beneficiaries, employees, office holders, volunteer5 or to others who come into contact with the charity throu8h it5 work,1055 of the charity'5 rnoney or a5set5, damage to the charity's property or harm to the charity's work or reputation. The trustees are not aware of any Serious Incidents in the last year Fundraising The PCC takes Its fundraising responsibilities seriously and is very grateful to all donors whether regular or occasional- for their support of the church and church event5. PCC sypporters are never taken for granted. The PCC takes full responsibility for fundraising and doe5 not Use commercial organisations or professional fundraiser5. All rnoney raised is either by donations, fundraising events, special appeals or legaaes for which the PCC are most grateful. Volunteers The members of the PCC would like to thank all 61 volunteers who work 50 hard to rnake our Church a Ilvely and vibrant Community. Risk Management The Church Wardens carry out regular Health and Safety Reviews and regularly Inspect premises for potential hazards. We have safeguarding poli¢ies in place for child protection and for work with vulnerable adults, including rlgorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate tover. An informal review of any new risks which may impact the work of the Church in the Parish is ongolng. Pt7ge 4
strurture, Govèrnènce and Management The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission under registration number 1130297. The PCC is governed by the Parochial Church Council Power5 Measure119561 as arnended that came nd into effect on 2 January 1957. and the Church Representation Rules Icontained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers. those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meetin8. by those on the Elector31 Roll. The PCC members receive training from cour5e5 run by the Diocese. Mernbers of the congregation arè alway5 ur8ed to join the Electoral Roll. and to stand for election to the PCC. The PCC members are responsible for making decisions on all matter5 of general concern and IMportan.in the parish. and for all financial matters. The PCC met 9 times in 2024. IGiven its responsibilities. the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Finance and Standingcommittee. Each reports back to the PCC with the Minute5 of their meetin85.1 Related Partie5 There are no related partles ernployed by the PCC or awarded contracts for work Puge 5
Reference and Administrative Detai15 The Church is 51tuated in Station Road, Newchapel, Stoke-on-Trent. ST7 4QT and is part of the Deanery of sroke-on-Trent. Sn the Diocese of Lichfield. The correspondence address is St james Church, Newchapel. Station Road, Newchapel ST7 4QT. Registered charity number 1163088. Our website address is.. http'./Iwww,5tjamesnewchapel.co.uk Charity Name.. The Parochzal Church Council of the Eccleslastical Parish of Newchapel 5t Jarnes other names the charity is known by: NIA PCC Members: Who Served from l January 2024 to the date this report was approved Dates acted if not for whole period Trustee name Office Ilf any) Ex-officio The Reverend Sister Janet A.rnold CA Chairperson Re518ned 410212024 Mr5 Margaret Smith Churchwarden & Deanery Synod Fr3llk Harper Churchwarden Donna Rarnpling Deanery Synod Elected members Nancy Philips Secretarv Term Finished 0610412024 David Phillips 0710412024 Sarah Gidman 0710412024 Sue Timbey Resigned 0710412024 Lindè Stubbs Jean Tidball 07104/2024 Wayne Bamford Resigned 0710412024 Andrew Lawton Ken Tidb311 0710412024 Simon Nicholson Resigned 0312025 Paul Elden 0710412024 Covopted Members Nancy Phillips Secretary 1310512024 Judith Nicholson-Goold Safeguarding 1310512024- 0312025 Page 6
Independent Examiner's report to the tru5teeslmembers ol The PCC of The Parish of Newchapel St James I report on the accounts for the year ènded 31d December 2024 whlch are set out on the following pages. Res ective res onsibilities of the Trustees and Inde endent Examiner The charit5 trustees are responsible for the preparation of the accounts. The charitV'S trustee5 consider that an audit is not required for this year under Section 144 of the ChartieS Act 2011 (the Charities Act) and that an Independent examination is needed. It Is my responsibility to examine the accounts under sectlon 145 of the Charities Act, to follow the procedures laid down In the General Directions glven by the Charity Commission (under section 14515llbl of the Charities Act. and to state whether particular matters have corne to my attention. Basis of Inde endent Examlner's Statemen My examination w35 carried out in accordance with the General Dirertions glven by the Charity Commission. An examination include5 a review of the accc>unting records kept by the charity and a comparison of the accounts presented wlth those records. It also includes consideration of any unusual items or disclosure5 in the account5, and seeking explanations from the trustees concerning 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 falr. view and the report 15 limited to those rnatters set out In the statement below. Inde endent Examiner's Statement In connection with my examination, no rnaterial rnatters have come to my attention which glves me cause to believe thai in any material respect.. accounting records were not kept in accordance with section 130 of the Charitles Act or the actounts do not accord with the accountin8 records I have come a¢ross no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Date.. Lichfleld Diocesan Board of Finance St Mafy's House, The Close, Lichfield W513 7LD Page 8
Ban1¢ Nats¥es1. fyyrsiem Fovnlafn ItCh CCLA l AnsEI Ln London EC4R 3AB A4na4•rs Indopend•nt U¢hliÈld D5ocesan eoard of Fln4Dce 51 DA?rVs House. Th• CIv54. Ll¢lifi1d.W513 7LD Appryved by the PCC on 24.03.202S Sv3ned on Its tyÈh3lf tsy.. Ckyrck L4)r ¥r Bthnco 20211 Page 7
The Parish of Newcha el St James Notes to the Financial Statements For the year ended 31" December 2024 Accountin8 Policies The Financial statements of the PCC have been prepared in aceordance with the Church Acctsunting Regulations 2006 using the Receipts and Payrnents basis. There may be minor discrepancies in the tota15 as the pence are not being shown. The flnancial statements have been prepared under the histOTlcal cost convention with items recognised at cost or transaction value unle55 OthenlSe stated in the relevant notes to these accounts. The flnancial statement5 include all transactions. assets and liabilitie5 for which the PCC is responsible in law. They do not include the accounts of church groups that owe theSr main afflliaiion to another body nor those that are informal gatheFings of Church members. Ca5hflow Statement The Ch81ity has taken advantage of the exemption in FRS102 frorn the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,OCKJ. Going Concern There are no material uncertaintie5 that relate to events or ¢onditlons that cast Significant doubt on the charitvs abilityto continue as a going concern. Accounting Estlmates and Prlor Year Error5 No chan8e5 to accounting estimates have occurred In the reporting period. No rnaterial prior year errors have been identlfied In the reporting period De5¢riptlon of Funds Unrestricted funds are income funds of the PCC that are available for spending on the general purpose5 of the PCC. including amount5 designated by the PCC for fixed assets for Its own use or for spending on a futsjre project and whlch are therefore not included in it5 "free reserves as disclosed in the trustees. annual report. An explanation of purpose of each Designated fund is a5 follows.. Name of fund Purpose BOILER- D- Boiler Designated Fund Hall Church Hall (The Hub) Designated RES- Reserve Designated Fund ROOF-D- Roof, West Wall & Repairs Designated New Boiler The Hub- Transferred to pcc bank in De¢ 2023 PCC Designated for Reserve at meeting on 07.06.21 Roof, West Wall & Repair5 Po9e 9
Restrlcted fund5 comprise of two elements :. al income from trust5 or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest bl donations or grants received for a specific object or invited by the PCC for a specific objed. The funds rnay only be expended on the specifi¢ object for which thèy were given. Any balance remaining unspent at the end of each year must be carried forward a5 a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest 15 apportioned to individual funds on an average balance basis. An explanation of purpose of eaeh Restricted fund is as follows- Name of fund Purpose CYARD- Churchyard Restricted Fund FABRIC- Fabric Restrlcted Fund Churchyard Maintenance For the upkeep and maintenance of the fabric of the church Comrnunity Group Knit & Knatter Roof, West Wall & Repairs Tiddlers. foddlers & Friends Group KNIT & NATtER - Knit & Natter ROOF-R- Roof, West Wall & Repair5 Restricted F- Tiddlers, Toddlers & Friends Restricted Endowment funds are restricted funds that must be retained as trust capltal either permanently or subject to a discretionary powèr to spend capital a5 Income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are Shown in the notes to the accounts. An explanation of purpose of each Endowment fund 15 a5 follows= The PCC does not hold any Endowment Funds Incoming Resourtès Planned giving, collections and donations are re¢ognlsed when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the Incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable. interest 15 aeerued. All other income is recognised when It is receivable. All incoming resources are accounted for gross. Resourtes Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amount5 received specifically for mission are dealt with as restricted fund5. All other expenditure is generally recognised when it is incurred and is accounted for gross. Governance and Support C05tS Support costs should be allocated between governance costs and other support. Governance cost5 comprise all costs involving public accountabi15ty of the PCC and its compliance with regulation and good practice. Support costs include central function5 and have been allocated to activity cost categories on è basis consistent with the use of resources eg by allocating staff costs by time spent and other cost5 by their usage. Fixed Assets Conse¢rated and benefice property is not included in the accounts by s.1012llal&lCI of the Charities Act 2011. Moveable church furnishings held by the Vic3r and Churchwarden5 on special trust *or the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which ¢an be inspected lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Puge 10
Investments Investment5 in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investrnents held for re-sale are treated as current asset Investments. Debtors Debtors are measured on inltial recognltion at settlement amount. Subsequently they are measured as ¢a5h expected to be received. Credltor5 and Accruals Creditors are measuied at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount requlred to settle the obligation at the reportlng date. Puge 11
The Pan'sh o Jvewch elstjumes e¢7r endin 2024 Statement of Financial Artlvities 2024 Unrestricted Designated Restricted Endowment funds funds funds fund5 2024 2023 ReIPtS DonatlOn5 and leÉacles Income from charitable activities Other trading activitie5 Investment5 Other income Total in¢omÈ 49,623 1,910 1,632 1,582 14,809 94 3,865 298 620 55,071 45.810 17,017 5.794 2,346 1.219 53,166 16,4185 4,781 74A33 52,823 Payments R815ing fund5 Expenditure on chJritsble activities Other expenditure Total expenditure 1,403 49,263 236 14,956 1,639 1,255 64.441 48,275 222 50.666 15,192 222 66.080 49.529 Net Income / lexpertditurel Testsurs before transfer 2,500 1,293 4,561 8,353 3,293 Transfers Gross transfers between fund5- in Gross tran5fer5 between funds- Out Other recognised Gains Ilosses Gainsllosse5 on investment asset5 Gains on rev31uation, fixed assets, charity's own use Net movement In funds 300 13,3001 2,400 1,3 17001 4.000 12,085 14.0001 112,0851 10.0 8.353 13.293 3,693 5.161 Reconciliation of funds Total ftsnds brought fonward 18,380 26,370 9,404 54,154 40,861 Total funds Carrled lorward 17,880 30.063 14.564 62.507 54.154 Puge 12
C1355 wde 08styiPtiD 31112lz024 5111212D2J Qwrent assets 054Z6197 6590 NatwestOJrreM account Cash Inhaiid T3xre[erab1e at%arend AccounES Rec*vable Totai (Wrn 2.675 53.09P LOS4 Z05 $4,1SL LiabHilk5 L[Frlmon Fund- CuirentYe?r FUT aFtebts Common Fulld CunEni Ye4r ArLd eAPÈDditure Treditor5 atVeal AEentYGO]le(tiorr5 AC(wTr Pa¥ae 6610 G611 6650 6655 6699 Z04 NetAssetsLrylus IdRlltTtI 62,507 S4J54 fteSEfvEJ £2551dEr1clLi iodate Startin8 b3lan¢e5 Gain5111055esl onre¥èl gfiixed assets TtsTal Ros4Ne5 Rewesented ty Funds General Iufir@5triG 8.353 54.154 51,929 zoi Z03 io.( 54.1S4 62.5D7 17.88Q 3D.053 14ts64 s2.5} 14380 26.370 9A0¢ RE5tiitted Totsl pproved by the PCC on 24.03.2025 and slgned on behélf by.. rc GKr Poge13
Balance Sheet 2023 A5at 3111212023 Asat 3111212022 Class and code Description Current assèts 6501 6590 6600 Z05 Natwe5t current account Cash in hand Tax recoverable at year end Accounts Receivable Total Current a55ets 53,097 40,965 62 1.660 1,054 54,151 42.686 6650 6655 6699 Z04 Accrued expenditure Creditors at year end Agency collections Accounts Payable Total Liabilities 840 160 826 1,826 Net Asset surplus Idèficltl 54,154 40,861 Puge 14
Analy515 0* income and expenditure 2024 UnrestTlCted Desjgnated Restricted Endowfflent 2024 2023 RECEIPTS Donation5 and legacies 0101- Giving via standing older wlth Gift Aid 0105 Giving via Givin8 Direct 0110- Glft Aid Giving via envelope scheme 0201- Other planned giving 0301 Givlngviè cash on collection plate 0303- Contactless 0410- Giving through church boxes 0501- One-off Gift Aid glfts 0550- Donations appe815 etc 0601- Tax recoverabl& on Gift Aid 0701- Legacies 08AI- Non-recurrlng one-off grants Donations and legacies Tota15 16.739 497 10,173 7,668 3,422 80 16.739 14.315 497 464 10.173 S,860 7,668 14.112 3.422 3.207 80 84 8,395 834 5,796 5,932 2,000 I,OOD 300 55,071 45,810 2,948 5,796 2,000 300 49.623 1.582 3.865 1,582 3,865 Income from charltable activities 0556- Knit and Natter 0912- Cr4ft Fayres Gross Income 1101- Fee5 for weddings and funerals 1102- PCC LIKal Fees 1230- Hub Hire Income from charitable attivitles Totals 350 870 1,534 1,338 3,118 792 572 L.338 298 14.809 14.809 14,809 17,017 5,794 1,910 298 Other trading activitie5 0901- orher funds generated 0910- Occa5Ion31 Events 1245- Catering Income oiher trading actlvltles Totals 1.602 620 2.316 403 816 1.219 30 1,632 30 2.346 620 Re¢elpts Grand totsls 53,166 16.485 4.783 74,433 52,823 Page 15
PAYMENTS Ilaising fund5 1720- Costs of stewardship campaign 1725- Catering Expenditure 1730- Costs of fetes & other events 1740- Bank Charges Raising funds Totals 56 1,162 1.493 38 146 1,639 1255 1,393 li loo 136 236 IA03 Expenditure on charilable artivities 1801- Givingto rnissionary societies 1860- Donation to Hub 1910- Common Fund 1911- P8rlsh Share Spec181 Assessment 2001 Assistant staff costs 2002- Hub Cleaner 2101- Workin8 expenses of Incumbent 2150- Vi¢ar'5 telephone and internet 2201- Parlsh training and misslon 2301 Church runnin8- insurance 2310- Church office- telephone 2311- Licences & Subscriptions 2330- Church maintenance 2331- Cleaning 2340- Upkeep of 5ervice5 2350- Upkeep ol Churchyard 2360 Administration 2401 Church running- electric 2410 Church running- gas 2420- Church running- water 2440- Church running- heating and lightin8 2550- The Hub- Insurance 2560-The Hub- Maintenznce 2561-The Hub- Car Park Payrnents 2570-The Hub-Telephone 2580-The Hub- Water 2590- The Hub- Heating & Lighting 2620- Book Keeping Costs 2701- Church major repairs- Structure 2840. oiher PCC properyy upkeep Expendituro on ¢haritable activitles Totals 754 40 794 4,672 570 38,588 59,315 122,5651 38,588 3,214 291 3,214 291 652 478 181 141 2,018 61 181 141 2,018 61 1,997 337 164 39 34 554 783 489 952 167 1,475 76 1.437 80 2,366 1,475 123 1.437 302 3,289 47 222 923 1.842 1,842 1,407 3,047 900 121 278 4,929 1.407 3,038 900 121 209 4,766 69 162 475 18401 49,263 14.956 222 64.441 48,275 P?yments Grand totals 50,666 15,192 222 66,080 49,529 Poge 16
Fund movement by type 2024 Fund BOILER- D Designated Sub-tota15 Opening Ineoming Outgoing Transfers GainslLtssses Journals C105ing loo loo loo CYARD Restricted Sub-totals 1,000 1,000 222 222 778 778 FABRIC Restricted Sub-totals 3,290 3,290 3,290 3.290 HARD Designated Sub-totals 40 40 1401 1401 Hub Designated Sub.tot31s 10,000 10,000 15,248 15.248 15,152 15.152 2,300 2,300 12,396 12,396 RE5 Designated Sub-totals 10,500 10.500 10,500 10,500 ROOF-D Designated Sub-totsls 5,8?0 5,870 1,237 1,237 7,107 7.107 ROOF-R Restricted sutotals 4,902 4,902 3,865 3,B65 1.300 1.300 10,067 10,067 TtF Restricted Sub-totals 212 212 620 620 17001 17001 132 132 General Unre5tritted Sub-tora15 18,380 18,380 53,166 53.166 50,666 50,666 13,0001 13,0001 17,880 17,880 None Re5trKted Sub-totals 298 298 298 298 Totals 54,154 74,433 66.080 62,507 PG¢ge 17
Fund movement by type 2023 Fund Opening Incoming Outgoing Transfers GainslL0s5es journals C105in BOILER- D Designated 5.085 5.085 15.0851 15,0851 sub-totals CYARD Restricted 244 244 1,000 1,000 244 244 1,000 1,000 Sub-totals FABRIC Restricted 3.290 3,290 3,290 3,290 Sub-totals Hall Designated 10,000 10,000 10,000 10,000. sub-totals. KNIT& NATfER Restricted 350 350 350 350 Sub-totals RES Designated 7.000 7,000 3,500 3.500 10,500 10,500 Sub-totals ROOF-D Designated 785 785 5,085 5.085 5.870 5,870 Sub-totals ROOF-R Restricted 3,988 3,988 74 74 18401 18401 4,902 4,902 Sub-totals Restricted 412 412 200 200 212 212 Sub-totals General Unrestricted 20,469 20,469 50,987 50,987 49,576 49.576 13,5001 13,5001 18,380 18,380 Sub-totals Totals 40,861 52,823 49.529 10,000 54,154 Pt7ge 18
Staff Costs The PCC did not have any employees in the previous or current year There were no employee benefits to key rnanagement personnel in the previous or current year. The PCC did pay one trustee Judith Nicholson-Goold as a booking administrator for the Hub £2,912 20241£1,709 20231. Any discussions held regarding the rate of payment take place without Judith Nicholson-Goold or Simon Nlcholson prèsent. Trustees, Remuneration & Ex en5es One Trustee has been reimbursed £1811£1,130 20231 lor travel and phone expenses during the year Related Parties Donations from related parties113 PCC membersl totalled £12,666 [£9,931 20231. Fees for the examinatlon of the accounts 2024 2023 Independent Examiner's fees 150 150 Other fees- Bookkeeping Total 700 850 475 625 Anal is of Transfer between F nds 2024 There were no transfers in 2024. Anal sis of Transfer between Fund$ 2023 Debi( redit Descri ion Futtd Fund 4 SOO.00 Frorn General t Conbn S&neral ia Contin From General io Contift General Conti 2023 bud et 2023 bud et INCORRECILY TRANSFER TO BOILER D TrF FROM GEN TO ROOF D INCORRECTLY TRANSFER TO BOILER DES TRF FROM GEN TO ROOF DE5 IPKORRECTLY TRANSFER TO BOILER OE5 TrF GENTO RESERVE DES enc co Des 4 $00.00 enc Gèneral Un< CONT 4 500.00 nc 6eDer General Unr 3 500.00 Unr 3 $00.00 801LER-D s 000.00 SOIR-0 5 DOO.00 ROOF-D 85 BOILER-D ROOF-O Des 85 B05LER- D RES 3.500.00 Po9e 19
Fixed A55ets The PCC does not hold any Tangible Fixed Assets Liabilitie5 due within one year 2024 2023 en Other Creditors 168 131 Total 168 131 Summary of A55ets by Fund 2024 Rèpresented by General (Unrestricted) Designated- BOILER- D Designated - HARDSH Designated - RES Designated - ROOF-D Restrlcted- CYARD Restricted - AGEN Restricted - FABRIC Restricted - ROOF-R Restricted- ThF 17,880 17,880 loo 1401 10,500 7,107 778 298 3,290 10.067 132 62,507 18,380 loo 1401 10,500 7,107 10.500 5.870 1,000 778 298 3,290 10,067 132 14,564 3,290 4.902 212 54,154 Total 17,880 30,063 Summary of Assets by Fund 2023 Represented by General Iunrestrictedl Designated- BOILER- D Designated- Hall Designated- RES Designated- ROOF-D Restricted- CYARD Restricted- FABRIC Re5tricted- ROOF-R Restricted- ThF 18.380 18,380 20,469 5,085 10,000 10,500 5,870 10,000 10,500 5,870 1,000 3,290 4.902 212 7,000 785 244 3.290 3,988 I,(x)o 3.290 4,902 212 9A04 Total 18,380 26,370 54,154 40.861 Poge 20
Income & Expenditure Comparatives Previous Year 2023 Statement of Financial Activities 2023 Unrestrlcted Designated Restrictèd Endowment funds funds funds fund5 Total Prior year funds total funds Income and endowment5 from.. Donations and legacies Income from charltable activities Other trading activities Investments Other income Total income 44.324 5.444 1,219 1,486 350 45,810 5,794 1,219 52.380 5,555 1,461 50,987 1,836 52,823 59,396 Expenditure on- Raising funds Expenditure on charStable activities Other expenditure Totsl expenditure 1,255 48.321 1,255 48.275 799 56.205 1461 49.576 1461 49,529 57.004 Net intome / lexpenditurel resources before transfer 1.411 1,882 3,293 2,392 Transfers Gloss transfers between funds- in Gross tran5fer5 between funds- out Other reco8nised gains I losses Gains/losses on investment assets Gain5 on revaluation, fixed assets. charity's own use Net movement in funds 12.085 18.5851 12.085 9,679 112,0851 19,6791 13,5001 10,000 13.500 10,000 13.293 12.0891 1,882 2,392 Reconcillatlon of funds Total funds brought forward 20.469 12.870 7,522 40.861 38,469 Total funds carried fOard 18,380 26,370 9,404 54,154 40,861 Page 21