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2024-12-31-accounts

ANNUAL REPORT AND

FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[st] DECEMBER 2024

Parish of St. Philip, Tunbridge Wells

Registered charity number: 1163165

Parish of St. Philip, Tunbridge Wells

Reference and Administrative Information 2024

Office: Church Office

St Philip's Church Birken Rd Tunbridge Wells TN2 3TE

Vicar: The Revd, Richard Thomas The Vicarage Birken Road Tunbridge Wells TN2 3TE

Bankers: Lloyds TSB Bank PLC Mount Pleasant Road Tunbridge Wells TN1 1RP

Barclays Bank PLC 10 Calverley Road Tunbridge Wells TN1 2UZ

Independent Examiner: Zachary Ramsden 63 Deakin Leas Tonbridge TN9 2JT Members of the PCC: The Revd Richard Thomas Vicar (Chairman) Mr Martyn Root Warden Mr Andrew Collins Warden Elected to Deanery Synod Mr Dennis Pearce (2023-26) Mrs Cathie Kitley (2023-26) Elected Members Mrs Sarah Farnes (2023-26) Mrs Heather Payne (2023-26) Mrs Ailsa Hemsley (2022-25) Mr Mike Hobden (2022-25) Mrs Morgan Senior (2022-25) Mrs Lynda Howlett (2024-27) Mrs Catherine Root (2024-27)

Co-opted Member Mrs Ailsa Hemsley Secretary from 3.4.22 Parish Administrator/ Mrs Emma Thompson Finance Officer/ Gift Aid Secretary

Parish Treasurer: Vacancy

Registered Charity number: 1163165

Website: www.stphilipstw.co.uk

Signed: RICHARD THOMAS on behalf of the PCC

Structure, Governance and Management

The Parish of St Philip, Tunbridge Wells was created with effect from 1 August 2004. The Parochial Church Council (PCC) is registered as a charity under the Charities Act 2011. The function and purpose of the PCC is outlined in the Parochial Church Councils (Powers) Measure 1956.

Charities Law requires the PCC to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity for that period. In preparing these financial statements the PCC have:

The PCC have overall responsibility for ensuring the charity has appropriate systems of control, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.

It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Roles. The APCM also appoints representatives to serve on the Deanery Synod. The names of those who have served on the PCC during the year are shown on Page 1. The APCM was held on 28[th] April 2024.

Several teams operated by the PCC meet between full meetings of the PCC.

The Standing Committee is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Standing Committee has not formally met during the period of this report although has corresponded via email.

Other teams of the PCC oversee the worship and prayer life of the church, children & youth work, finance, buildings improvement, pastoral care and local outreach. The PCC is also represented on several Christian organisations and associations in the town.

Objectives and Activities

St Philip’s Church is located in the Sherwood district of Tunbridge Wells - an area designated as one of high social need.

When planning activities for the year, the vicar and PCC have considered the Chanty Commission’s guidance on public benefit in “The Advancement of Religion for the Public Benefit” and have regard to it in their administration of the Parish. The PCC believes that, by fulfilling its responsibility to work together with the vicar in the parish and co-operate in all matters of concern and importance for the promotion of the whole mission of the Church, pastoral, evangelistic, social arid ecumenical, it provides a benefit to the public by:

Safeguarding

The Council has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

We continue to be committed to establishing a culture of safeguarding that believes that keeping children and vulnerable adults safe is everyone’s responsibility and that we have strong systems in place to ensure that victims of historic abuse are able to seek help and support, and new concerns are dealt with swiftly and appropriately.

There have been four referrals made to the Parish Safeguarding Officer Catherine Root this year with Diocesan advice being sought on two occasions and appropriate action being taken. Thank you to the Church community for your vigilance and support in this area.

Areas of focus this year have included:

In all its activities the PCC depends upon Church members who give freely of their time and talents to help achieve its mission. This resource cannot be quantified in monetary terms and is not included in the accounts.

Achievements and performance

The full PCC met six times during the year in person. Average attendance was 84%. Major decisions included approval of:

The average weekly attendance of adults and children at the 10am Sunday service during 2024 was 70 compared to 56 in 2023 and this includes substantial growth in the number of young people attending. The average attendance at the monthly 8am service introduced in 2024 is 11.

Although services have been conducted in person during 2024, the services have also been recorded for upload to the church website.

As of December 2024, there were 77 on the Church electoral roll, unchanged on the previous year.

Ailsa Hemsley PCC Secretary

Financial review

The Report of the PCC has been prepared in accordance with Accounting and Reporting by Charities (SORP FRS102).

Reserves

The PCC reserves policy is that a level of freely available unrestricted general funds should be maintained equivalent to between three and six months' regular running costs which would be an amount of between £25k and £50k a year. At the end of 2024 the actual level of free reserves was £87k which is in excess of this level.

Financial risks

A financial appraisal of the parish funding showed that there would be a high impact on parish finances if some members' regular giving was reduced or ceased.

Income

Total income of £111k is higher than last year’s total income of £104k and this year as in 2023 there were grants received for the Community Larder.

Expenses

Expenses totalled £121k a significant reduction compared to £140k last year.

Transfers

The PCC sets aside funds for the maintenance of the Church as agreed with the Diocese under the quinquennial repair programme. £4k was transferred into the repair fund, the same as last year.

Funds

Overall the net movement of funds is a deficit of £10,611 resulting in net assets of £359k at the end of 2024 compared to £369k last year.

The general fund shows a deficit of £19,100 for the year leaving a balance of £87,826 to be carried forward as freely available reserves.

Other than Vicarage property fund, the major part of the Designated Fund includes £29,839 for church repair, £9k for Children’s worker and £9,217 for Community Outreach Larder project.

The balance on restricted funds stands at £nil.

Emma Thompson

Finance Officer

Parish of St Philip, Tunbridge Wells

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2024

Note
INCOME AND ENDOWMENTS from
Donations and legacies
2 (a)
Investment income
2 (b)
Charitable activities
2 (c)
Other trading activities
2 (d)
TOTAL
EXPENDITURE on
Raising funds
3 (a)
Charitable activities
(I) Provision of Christian worship and ministry
3 (b i)
(II) Support for the wider mission of the Church
3 (b ii)
(III) Provision of community facilities
3 (b iii)
TOTAL
NET MOVEMENT IN FUNDS in 2024
Balances brought forward from end of last year
BALANCES CARRIED FORWARD 31st December 2024*
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
53,698
16,233
69,931
2,333
-
2,333
11,560
-
11,560
27,019
-
27,019
2024
2023
Total
£
68,453
997
12,072
22,266
94,610
16,233
110,843
103,788
-
-
-
80,042
15,333
95,375
2,782
-
2,782
22,397
900
23,297
-
102,592
3,643
34,029
105,221
16,233
121,454
140,264
-10,611
-
-10,611
369,301
-
369,301
-36,476
405,776
358,690
-
358,690
369,300
£

Parlsh of St Philip. Tunbrldge Wells BALANCE SHEET as at 31st December 2024 Note 2024 Unrestricted Restricted Funds Funds 2023 Total Total FIXED ASSETS Tangible Flxed Assets 220.971 220.971 220,887 CURRENT ASSETS Deblors Short Term Deposits Cash at Bank & in Hand 2,598 77,393 61,417 2,598 77,393 61,417 2,936 36.061 113,566 10 141.408 141.408 152,563 LIABILITIES.. Amounts falling due within 1 year 11 3,689 3.689 4,149 NET CURRENT ASSETS 137,719 137,719 148,414 NET ASSETS 358 690 358 690 369,301 FUNDS General Designated Unrestrided 12 12 87,726 270.964 358,690 87.726 270,964 358,690 t06,826 262,475 369,301 Restricted 13 TOTAL FUNDS 358.690 358 690 11 369.301 Signed on behalf of tha PCC Page 7

Parish of St Philip, Tunbridge Wells

NOTES TO THE ACCOUNTS for the year ended 31st December 2024

2 INCOME AND ENDOWMENTS
2 (a) Donations and legacies
Charities Aid Foundation donations
Tax recoveries
Other planned giving
Plate collections at services
Grants/Restricted/Designated donations
Legacies
All other giving
2 (b) Investment income
Interest
2 (c) Charitable activities
Community outreach
Clergy fees
2 (d) Other activities
Rentals
Other income
TOTAL
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
7,300
7,300
6,969
6,969
37,008
1,500 38,508
2,421
2,421
-
14,733 14,733
-
-
-
-
53,698
16,233 69,931
2,333 - 2,333
10,673
10,673
887
887
11,560
-
11,560
26,603
-
26,603
416
-
416
27,019
-
27,019
94,610
16,233
110,843
2024
2023
Total
£
6,060
7,876
39,902
2,427
12,150
-
38
68,453
997
11,396
676
12,072
21,574
692
22,266
103,788

Parish of St Philip, Tunbridge Wells NOTES TO THE ACCOUNTS for the year ended 31st December 2024

3 EXPENDITURE
3 (a) Planned giving scheme expenses
3 (b) Charitable activities
(i) Provision of Christian worship and
ministry
Diocese "offer"
Clergy expenses & housing costs
Services & fellowship
Adult work
Youth & childrens' work
Training and development
Outreach and publicity
Community outreach costs
Subscriptions & sundry
Church & premises costs_(note 4)
Management and administration
(note_
5)
(ii) Support for the wider mission of the
Church
Grants and outward giving_(note 14)
(iii) Provision of community facilities
Church & premises costs
(note 4)
Management and administration
(note_
5)
TOTAL
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
-
-
2024
2023
Total
£
-
33,000
33,000
4,310
4,310
1,425
1,425
783
783
2,019
2,019
-
-
208
208
6,184
14,733 20,917
1,772
1,772
13,699
600 14,299
16,642
16,642
30,000
4,724
838
1,484
4,000
-
110
25,147
1,542
21,722
13,025
80,042
15,333 95,374
102,592
2,782
2,782
3,643
20,548
900 21,448
1,849
1,849
32,582
1,447
22,397
900 23,297
34,029
105,221
16,233
121,453
140,264

Parish of St Philip, Tunbridge Wells

NOTES TO THE ACCOUNTS for the year ended 31st December 2024

4 CHURCH AND PREMISES COSTS
Insurance
Water rates
Gas and electricity
Cleaning
Maintenance & repairs
Equipment maintenance & renewal
Depreciation
allocated to activities in proportion to
usage
Provision of Christian worship and ministry_-
40%
Provision of community facilities - 60%
5 MANAGEMENT & ADMINISTRATION
Salaries
Stationery & postage
Telephone
Office computer and software
Office equipment hire & maintenance
Website maintenance
Other administrative costs
Professional fees
_allocated to activities in proportion to

Administrator's time spent
Provision of Christian worship and ministry
(90%)
Provision of community facilities_(10%)_
Total
6 STAFF COSTS
Unrestricted
Funds
Restricted
Funds
£
£
1,728
-
1,274
-
6,148
-
5,867
-
14,190
-
3,736
1,500
1,304
-
2024
Total
£
1,728
1,274
6,148
5,867
14,190
5,236
1,304
34,247
1,500
35,747
13,699
600
20,548
900
14,299
21,448
34,247
1,500
35,747
14,553
-
450
-
1,053
-
755
-
-
-
345
-
-
-
1,335
-
14,553
450
1,053
755
-
345
-
1,335
18,491
-
18,491
16,642
-
1,849
-
16,642
1,849
18,491
-
18,491
2024
20,403

During 2024 the PCC employed an office administrator, a cleaner, and a community outreach worker, all on a part-time basis.

No employees earned over £60,000.

None of the PCC members have been paid any remuneration or received any other benefits from the charity (2023 - none).

No payment other than for reimbursed expenses were made to PCC members (2023 - none). There have been no transactions with persons or entities that are closely connected to the charity or the PCC members (2023 - none).

Parish of St Philip, Tunbridge Wells

NOTES TO THE ACCOUNTS for the year ended 31st December 2024

7 FIXED ASSETS FOR USE BY THE PCC

Land and Buildings

As set out in Note 1 to these accounts, the PCC is not obliged under the requirements of the Charities SORP to allocate any value to consecrated buildings. St Philip’s Church is an unconsecrated building, but due to its special nature no market valuation can be readily determined.

The Parish has a 60.56% legal interest in the vicarage known as St Philip’s Vicarage. The share of the vicarage owned by the PCC is included at a market value assessed by the PCC in March 2008 following consultation with

the Diocese. The PCC have reviewed the value of the property at 31 December 2024 and consider the carrying value to be the same as the initial value in March 2008 in light of the fluctuations in the UK property market.

Land and building Valuation

At 31st Dec. 2023
At 31st Dec. 2024
Equipment
Cost at 31st Dec. 2023
Additions in the year
Cost at 31st Dec. 2023
Depreciation at 31.12.23
Deprecation in the year
Depreciation at 31st Dec. 2024
Net book value
At 31st Dec. 2023
At 31st Dec. 2024
£
218,016
218,016
3,828
1,388
5,216
957
1,304
2,261
220,887
220,971
8 DEBTORS
Tax recoverable
Other debtors
9 SHORT TERM DEPOSITS
Diocesan Loans Fund
Diocesan Church Repair Fund
10 CASH AT BANK & IN
HAND
Lloyds Bank
Barclays Bank
Cash in hand
11 LIABILITIES
Sundry creditors and accruals
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
1,881
-
1,881
717
-
717
2024
2023
Total
£
1,996
940
2,598
-
2,598
2,936
46,591
-
46,591
30,802
-
30,802
10,221
25,840
77,393
-
77,393
36,061
47,206
-
47,206
14,046
14,046
165
165
74,123
39,322
121
61,417
-
61,417
113,566
3,689
3,689
4,149
3,689
-
3,689
4,149

NOTES TO THE ACCOUNTS for the year ended 31st December 2024

12 UNRESTRICTED FUNDS
General Fund(page 15)
Designated Funds
Vicarage Property Fund
Community outreach
Church Repair Fund
Vicar's Discretionary Fund
Children and Families
Worker Support Fund
Total Designated Funds
Total unrestricted funds
13 RESTRICTED FUNDS
Chair fund
Larder grants
Total Funds
At 1/1/24
Income
Expenditure Transfers At 31/12/24
£
£
£
£
£
106,826
83,937
-99,037
-4,000
87,726
218,016
218,016
9,217
10,673
-6,184
13,706
25,839
4,000
29,839
403
403
9,000
9,000
262,475
10,673
-6,184
4,000
270,964
369,301
94,610
-105,221
-
358,690
-
1,500
-1,500
-
-
14,733
-14,733
-
-
16,233
-16,233
-
-
369,301
110,843
-121,454
-
358,690

DESCRIPTION OF FUNDS

The General Fund represents the funds available to the PCC for the day to day running of the church and the parish.

The Vicarage Property Fund represents the PCC's proportionate share of the freehold value of the Vicarage.

The Church Repair Fund represents the funds held with the Diocese set aside for future quinquenial repairs.

The Renovation Fund has been established to set money aside for making the church premises more welcoming by improving signage, foyer environment and provision of information.

Vicar's Discretionary Fund is set aside for assistance to parishioners at the confidential discretion of the vicar.

The Children and Family Worker Support Fund has been set up to enable a medium term employment commitment to be made for a part-time family worker in the parish.

Other designated asset funds represent monies given to the PCC towards projects or one-off items of expenditure which otherwise would have been funded from the general fund.

Associated Organisations show the movements of the funds held for or by the various bodies belonging to the parish fellowship.

Restricted Funds represent funds given for specific purposes and cannot be used by the PCC for any other

Parish of St Philip Tunbrldge Wells

NOTES TO THE ACCOUNTS for the year ended 31st December 2024

14. GRANTS/OUTWARD GIVING

14. GRANTS/OUTWARD GIVING
1. Overseas relief and development agencies
Magunda Care Centre
Kisumu Children Trust
UNICEF
Christian Aid
Mpapwa Fund
STPC Tanzania
2. Home mission and other charitable giving
Life and Soul
Tunbridge Wells Youth for Christ
Temple Grove School
Aspens
Hospice in the Weald
Churches for Tunbridge Wells
Hope House
Gifts to individuals
Change in Mission tithe creditor
Totals*
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
2024
2023
Total
£
235
235
-
-
-
1,000
1,000
600
600
500
500
-
-
-
-
-
500
500
120
120
-173
-173
400
400
360
270
-
-
400
400
275
175
175
25
-
370
393
2,782 - 2,782 3,643

PROFORMA GENERAL ACCOUNT for the year ended 31st December 2024

INCOME
Envelopes & direct to bank
Charities Aid Foundation donations
Tax recoveries
Plate & other donations
Legacies
Fees, hirings & other income
TOTAL INCOMEper accounts_(page 13)
EXPENDITURE & OUTGOINGS
Diocese "offer"
Clergy and other expenses
Church running costs including repairs
Mission Tithe allocation
TOTAL EXPENDITURE
(page 13)
Transfer to Repairs Fund
Transfer from other funds
TOTAL OUTGOINGS
SURPLUS FOR YEAR
Balance brought forward
Balance carried forward
(pages 7/13)_
2024
37,008
7,300
6,969
2,421
-
30,239
2023
39,540
6,060
7,876
2,427
-
23,661
83,937
33,000
16,701
46,554
2,782
79,564
30,000
22,980
49,296
3,643
99,037
4,000
-
103,037
105,919
4,000
-4,976
104,943
-19,100
106,826
-25,379
132,205
87,726 106,826

Independent Examiner’s Report to the Trustees of the

Parochial Church Council of of the Ecclesiastical Parish of St Philip Tunbridge Wells

I report to the trustees on my examination of the accounts of the above charity for the year ended 31[st] December 2024.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Zachary Ramsden

Name: Zachary Ramsden FCA Chartered Accountant 63 Deakin Leas, Tonbridge, Kent TN9 2JT Date: 6[th] April 2025