2024-12-31-accounts

COLESHILL PAROCHIAL CHURCH COUNCIL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF COLESHILL PAROCHIAL CHURCH COUNCIL I re[￿ on the accounts of the ￿arty for the year ended 31 DecemLEr 2024 which are set out on pages 4 to 10. Respectlve Responsibillties of Trustees and Independent Examlner As trustees of the charity. the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not reqUI￿d for this year under section 144(2) of the Charities AcV2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the aCc￿nts under section 145 of the 2011 Act; follow the prcKedures laid down in the General DireLtions given by the (Jarity Commission under section 145(5)(b) of the 2011 Att; and state whether particular matters have come to my attentlon. Bas18 of Independent Examlnorfs Statemont My examinatlon was carrieil out in accordan￿ with the General Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the ￿arity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or dlsclosures in the accounts and seeking explanations from you as trustees con￿mIng any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit, and consequently no opinion is given as to whether the accounts pre*nt rue and falr view, and the repM)rt Is limited to those matters set out in the ststement below. Indépendent Examlnor's Statement In connection wsth my examination. no matters have come to my attentlon: 1.. ￿lch give me reasonable cause to believe that in any material respect the requirements to keep accountlng records in accordan￿ wlth section 130 of the 2011 Act; and to prepa￿ accounts which accord wrth the ￿cOUntIng records and comply with the accounting requirements of the 2011 Att, have not been met; or to whith in my opinion, attention should ￿ drdwn in order to enable a proper understanding of the accounts to be reached. D Perks Water Orton Birmingham Date: 8th April 2025

CLESHILL PAROCHIAL CHURCH COUNCIL QTATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 310ECEMBER 2024 Unrostrlcted Rostrlcted Total 2024 Total 2023 funds funds ations and18gacles Activities for generating funds 30.689 7,067 72.2-. Iij¥?mfr rrom Inv8stm&nts -.naritabl6 actlvltles 3,917 3,744 3,9*- 3,37-, 3,640 771 3,124 3,124 9,582 Total income 41,474 7,838 88,873 xuondlture l). Ir,-.li activitifts 36,320 2,240 38,560 46,640 Total 8xp8ndlturo 36,320 2.240 38,560 46,640 N&t Incom81 (•xp•ndlture} 5,154 5,598 10.752 42,233 Unrgallsod Net galnslllo8805) on Investments 2,577 2,577 9,757 Transfer be￿aOn reseNes 4,685 {4,685) Net movement in funds 12,416 913 13,329 51,990 Balai)cg9 brought forward at 1 January 2024 85,995 58,039 144,034 92,045 Balances earrfed forward at 31 Decembar 2024 98.411 58.952 157,363 144,035 The notes on pages 6 to 10 fom part of these accounts

COLESHILL PAROCHIAL CHURCH COUNCIL BALANCE SHEEr AS AT 31 DECEMBER 2024 Note 2024 Fixed assets Investments 115.146 Current assats Deposits & bank balances 75,031 Llabllllles Amounts falling due within one year 75.031 16,335} Amounts falling due after more than one year 126,479} Net current assets 42,217 Nat assets 157,363 144.Q35 Fund8 UnrestrFGted Restricted 98,411 58,952 10 58,0510 157,363 144.OJ5 These financlal statern￿ts have been preparej In acCOrdar￿ wlth the Financial Reporting Staiidard for Smaller Entities (eff￿￿ve January 2015). These financial statements were approved at Ihe Annual of the par￿hla1 Church Council

OLESHILL PAROCHIAL CHURCH COUNCIL ¥iOTES TO THE ACCOUNTS .-OR I HE YEAR ENOED 31 DECEMBER 2024 AccoLtnting policle5 ne financial statements have been prepared in accordance with the Church Accounting Regulations 2006, 4￿￿tila1711iig and Reportrng by Charities.. Statement of Recommended Practice applicable to charitses Preparing "ieir accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July '. 4 and thè Financial Reporbng Standard for Smaller Entiti8S. Inancial statements have been prepared under the h.istorical cost convention e￿pt for the v81uation of .'ie¥lrr,p.nl assets which are shown at market value. The financial statements include all transactions, assets a;*a liabilities for whith the PCC is responsible in law. They do not indude the accounts of church groups that g'.ve their main affiliation to another body, nor those that ar8 informal gatherings of church members. runds Un,-estiicled funds ￿Present the resetves of the PCC that are not subject to any r8strictlons regarding thelr use and are available for application on the general purpose of the PCC. The restricted funds shown in the b81anGe sheet comprise monles earmarked for intemal renovations and r ordering of tha church, the use of vthich is al the discretion of the PCC , together with funds h8ld in the Digby Trust account thal are under the control of the PCC and are designaled to be used for educational purposes. Incomlng r8sourc•s Collections dre recognised when received by or on b8half of the PCC. Planned givlng rec8ivablo under Glft Aid 13 recognised only when received. Incom8 tsx recov8rabl8 on Gift Aid donatTrons is accountsd for whèn r8ceiv8d. Grants and legacies to the PCC are accounted for as soon as the PCC is nottfied of its leg81 entiUem8nt and the amount due is quantifiable and its ultlmate receipt by the PCC Is certain. Dividends anrl int@rest are accounted for when received. R•seurces expendèd Grants an(1 donations are accounted for when paid ovor, or wh8n awarded rf that awanl creates a binding obligation on the PCC. The Dic(esan parish share 15 accounted for when due. All other expenditur8 15 generally recognised when it is incurred and is accounted for gross. Fixed assets Consecrated and benefic8d propety of any kind is excluded from the accounts by S10(2) of the ChaTitie8 Act 2011. lthoveable church fumishings held by the Vicar and Churchwardens on sp8cial trust for Ihe PCC and which require a faculty for disposal are not valued in these accounts. Th&y are listed in 1h8 Church's inventory. For inalienable propety acquired prior to 2003 ther8 is insufficient C05t information available and therefore sucli assets are not valued in the accounts. Imiestm•nt8 Investments are ststed at market value at 31 D￿ffiber 2024 Current assets Short terrn deposits are held either with the CBF Church of England funds or at the bank.

COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIABER 2024 Unr•strlct•d Rostrlcted funds 2024 20:- 2 Donatlons arbd Legath Plannpd donatlons Incom8 tax r8cov8r•J Plate o)llecaiong Chaiity C￿le￿10nS Speclal serrfice Othér donations Legacy Donallons ft)r RfrcKderfng Campn Grants l Fundlng A￿rdS Donation from Maxstoke PCC Donation from PaTish trust fund Youth Educat1￿ Trust- Donatlon 16,760 4.322 4,164 16,760 4,322 4,164 752 257 3,461 752 257 3,461 5.377 11.28 150 150 7.27 1,425 31)0 1.425 300 6.165 37,756 6.165 7,067 30,689 unrwatrlCt￿ R•strlct•d funds funds 2024 2023 3 Church actMtI•g Charttat48 glvtro: Chrf8llan ald Revlve l Rev Chrls Chlldrens soclety Unlcaf . Artlc church DIoc8san ph share SeNIc8 co8ts Organlst Offio staff o)sts Offlix costs. rKlnllng & Statlonery Heal Ught & Water Insurance Vlcaragts c08ts Buildlng malntenancelfont cover Cleanlng Sundrles loan Intarasl 275 863 158 786 100 5.000 1,453 2.278 7,769 Mlnl*y: 1,279 1,279 2.640 Churth: 1,408 2,009 6,715 8.079 2,009 6.775 6,079 144 7,561 2,125 4,869 5.614 4,925 4,514 2.077 260 1,660 46,640 7.561 2,125 1.480 2.240 36,320 38.560

COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Wages organist & office staff 4048 10,047 Investments 2024 2023 Market value at 1 January 2024 Unrealised gainl(loss) on revaluation 112,569 2,577 102,812 9,757 Market value at 31 December 2024 115,146 112.569 The following Is a summary of investm8nts held.. 2024 2023 CBF Inv6Stm8nt Fund income units (4979.79 shares) 115.146 112,569 Deposits & bank balanGo8 2024 2023 Central Boauj of Finance Deposit Fund Barclays current account gardays Campaign accounl 14,804 8,123 52,104 75,031 11,059 8.343 70,585 Llabllltf•8 falling du• wlthln one y•ar 2024 2023 Diocesan Loan Accfuals 5,835 500 5.835 2,120 6,335 7.955 Liabilities falling duo after more than one year 2024 2023 Diocesan Loan 26479 31,164

COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Stat•ment of Flnancial J£tivilies . comparatlvos Unrestrfcted Restrlctèd funds funds 2023 Incom Donatlons and1ogacl83 Actlvttles for gaftoratlng funds Fundraising Incomè from Inveslm•nts Charltable activities Fees 34,183 38,091 3,377 3,358 3.377 3,640 282 g.582 9.582 Total Incom• Exp•nd5ture Church activitles 44,065 2,575 46,640 Total expendlturn 2.575 46,640 N•t Incomd (•xp•ndlturn) b•for• galn81 ' (1088•s) on Inv•stm•nts 6,435 35.798 42.233 Net 9alnsl{108s•sl on Inv•stsnents 9,757 9,757 4,505 {4,505) Not mov•m•nt In fvnd8 20.697 31,293 51.990 Balances Ixought forward at 1 January 2023 65,298 26,747 92,045 Balanc•s caffl•d forward at 31 DKemb•r 2023 85,995 58,040 144,035