2024-12-31-accounts

Regisl8r8d CAorityNo.' 1176142 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETEIL ROPLEY. WINCHESTER FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 21124

Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024

I report to the trustees on my examination of the accounts of the PCC for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity, 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 giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

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

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a

4. "true and fair" view, which is not a matter considered as part of an independent examination.

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.

L Chapman ACA

Dated: 31 March 2025

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
Note £ £ £ £
Income and endowments from:
Donations and legacies 2 58,895 91,666 150,561 66,673
Charitable activities 3 26,119 0 26,119 54,136
Investment income 4 18 1,151 1,169 1,018
Total income and endowments 85,032 92,817 177,849 121,827
Expenditure on:
Charitable activities 5 73,822 12,591 86,413 90,389
Church restorations 6 0 76,437 76,437 56,113
Total expenditure 73,822 89,028 162,850 146,502
Net gains on investments 0 857 857 2,284
Net income/(expenditure) 11,210 4,646 15,856 (22,391)
Transfers between funds 7 7,038 (7,038) 0 (1)
Net movement in funds 18,248 (2,392) 15,856 (22,392)
Funds brought forward at 1 January 2024 (119,546) 126,601 7,055 29,447
Funds carried forward at 31 December 2024 (101,298) 124,209 22,911 7,055
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year.

The equivalent statement for the previous year is shown in Note 17.

The notes on pages 24 to 30 form part of these financial statements

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

BALANCE SHEET AS AT 31 DECEMBER 2024

Note Fixed Assets Investments 8 Current Assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Net assets Funds 12 Unrestricted funds Restricted funds Total funds	Unrestricted Funds £ 0 1,678 77,745 79,423 21,086 58,337 58,337 159,635 (101,298)	Restricted Funds £ 23,897 17,043 91,071 108,114 7,802 100,312 124,209 0 124,209	Total 2024 £ 23,897 18,721 168,816 187,537 28,888 158,649 182,546 159,635 22,911 (101,298) 124,209 22,911	Total 2023 £ 23,040 132,092 152,333 284,425 100,410 184,015 207,055 200,000 7,055 (119,546) 126,601 7,055

The financial statements were approved by the PCC on 30 March 2025 and signed on its behalf by:-

Rev A Beresford - Trustee

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements are prepared on a going concern basis.

There are no material uncertainties over the Charity's ability to continue as a going concern due to the sufficient cash balance held as at 31st December 2024.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in Note 14 of the financial statements.

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
Income and endowments from:
2 Donations and legacies
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Planned giving 5,103 2,940 8,043 4,448
Golden giving 783 0 783 0
Collections at services 5,970 0 5,970 7,059
Parish giving scheme 30,445 0 30,445 30,049
Gift aid recovered 12,140 3,249 15,389 10,622
Other donations (including contactless) 4,124 600 4,724 6,948
Flower donations 0 1,354 1,354 415
Grants:-
National Lottery Heritage Fund 0 56,058 56,058 0
Listed Places of Worship Grant Scheme (VAT) 0 10,655 10,655 0
Portsmouth Guild of Bellringers 0 10,000 10,000 0
Friends of St Peter's Church, Ropley 0 6,010 6,010 0
Alresford Pigs Association 0 800 800 0
Alton and Petersfield Open Day 0 0 0 3,625
BP Energy 0 0 0 1,000
Winchester Bell Ringers 0 0 0 683
Guildford Bell Ringers 0 0 0 578
Commonwealth War Graves 50 0 50 50
Other income 280 0 280 1,196
58,895 91,666 150,561 66,673
3 Charitable activities
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Events 16,853 0 16,853 26,206
Lettings 4,433 0 4,433 3,350
PCC's share of fees for weddings, funerals etc 4,833 0 4,833 6,853
Sale of painting 0 0 0 9,000
Refund due to cancelled stained glass window 0 0 0 6,687
Other income 0 0 0 2,040
26,119 0 26,119 54,136
4 Investment income
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Deposit account interest 0 671 671 394
Dividends received 0 480 480 624
Other interest received 18 0 18 0
18 1,151 1,169 1,018
----- End of picture text -----

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Expenditure on:

5 Charitable activities Unrestricted Funds £ Common Mission Fund 26,246 Church running expenses:- Insurance 3,663 Electricity (less refund of £3,959) 2,310 Gas 5,363 Water 0 Telephone and broadband 575 Maintenance 8,908 Printing and stationery 253 Administrator 6,418 Upkeep of services 1,442 Kids church 598 Events costs 8,586 Miscellaneous expenses: 1,220 Cleaning 2,730 Garden costs:- Shed 0 Flowers 0 Maintenance 0 Petrol 0 Charitable giving:- Royal British Legion 489 The Ropley Fund 80 The Children's Society 0 Macmillan Cancer Support 0 The Bishop of Winchester's Ordination Fund 0 Trussell Trust 0 Jerusalem Trust refund (see note below) 0 Independent examiner's fees 100 Loan interest 4,841 Dividends reinvested 0 73,822	Restricted Funds £ 0 0 0 0 0 0 850 0 0 0 0 0 0 0 9,582 1,065 644 282 0 0 0 0 0 0 0 0 0 168 12,591	Total 2024 £ 26,246 3,663 2,310 5,363 0 575 9,758 253 6,418 1,442 598 8,586 1,220 2,730 9,582 1,065 644 282 489 80 0 0 0 0 0 100 4,841 168 86,413	Total 2023 £ 29,623 3,872 8,400 7,660 250 0 4,620 641 0 1,831 0 11,368 8,574 2,192 0 24 0 0 441 0 348 105 533 280 7,000 2,310 0 317 90,389

The refund to the Jerusalem Trust in 2023 was due to the cancellation of the stained glass window, for which the grant was originally received.

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6 Church restorations

Unrestricted Funds £ Church restorations 0 Bells restoration 0 Footpaths 0 Car park expenses 0 Other church repairs and maintenance 0 0	Restricted Funds £ 1,002 74,114 1,200 0 121 76,437	Total 2024 £ 1,002 74,114 1,200 0 121 76,437	Total 2023 £ 38,378 0 0 10,460 7,275 56,113

7 Transfer between funds

This represeentes £5,000 transferred from the Building Account as a contribution towards the WDBF loan repayment, £400 transferred from the Appeal Account to the Building Account as a contribution towards the cost of the footpaths, and £2,038 from the Appeal Account from Events that belong in the General Fund.

8 Fixed assets - Listed Investments

Unrestricted Funds £ Market value At 1 January 2024 0 Dividends received 0 Dividends transferred to bank account 0 Dividends reinvested 0 Revaluations 0 At 31 December 2024 0	Restricted Funds £ 23,040 480 (312) (168) 857 23,897	Total 2024 £ 23,040 480 (312) (168) 857 23,897	Total 2023 £ 20,756 624 (307) (317) 2,284 23,040

• 9 Debtors

Unrestricted Funds £ Grant receivable from WDBF 0 Grant recoverable (VAT) 0 Gift aid recoverable 178 Outstanding funeral fee 0 Prepayments and accrued income 1,500 1,678	Restricted Funds £ 0 4,135 125 0 12,783 17,043	2024 £ 0 4,135 303 0 14,283 18,721	2023 £ 114,500 16,941 0 493 158 132,092

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10 Creditors: amounts falling due within one year

Trade creditors Loan from WDBF (see note below) Accruals and deferred income	Unrestricted Funds £ 916 20,070 100 21,086	Restricted Funds £ 1,000 0 6,802 7,802	2024 £ 1,916 20,070 6,902 28,888	2023 £ 97,637 0 2,773 100,410

A loan of £200,000 was previously received from the Winchester Diocesan Board of Finance (WDBF) on which no interest was initially payable. Repayments began in July 2024 and it is repayable over 96 months at a variable interest rate currently of 4.7% per annum. The amount repayable over the next 12 months is shown here with the balance shown below in Note 11.

11 Creditors: amounts falling due after more than one year

Loan from WDBF (see Note 10) Analysis of Funds - Current year Unrestricted funds General fund Restricted funds Appeal fund Building fund Church fabric fund Music fund (previously Organ fund) Rosemary Bray memorial fund Garden society fund Total funds	Funds brought forward £ (119,546) 32,210 50,570 952 7,265 2,060 33,544 126,601 7,055	Unrestricted Funds £ 159,635 Incoming resources £ 85,032 3,916 84,148 50 386 109 5,065 93,674 178,706	Restricted Funds £ 0 Outgoing resources £ 73,822 850 76,437 0 0 0 11,741 89,028 162,850	2024 £ 159,635 Transfers in/out £ 7,038 (2,438) (4,600) 0 0 0 0 (7,038) 0	2023 £ 200,000 Funds carried forward £ (101,298) 32,838 53,681 1,002 7,651 2,169 26,868 124,209 22,911

12 Analysis of Funds - Current year

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13 Analysis of Funds - Previous year

Unrestricted funds General fund Restricted funds Appeal fund Building fund Church fabric fund Music fund (previously Organ fund) Rosemary Bray memorial fund Garden society fund Total funds	Funds brought forward £ 95,423 11,073 (118,894) 922 7,040 1,996 31,887 (65,976) 29,447	Incoming resources £ 74,364 40,228 5,052 30 225 64 4,148 49,747 124,111	Outgoing resources £ 76,819 32,701 33,933 0 0 0 3,049 69,683 146,502	Transfers in/out £ (212,514) 13,610 198,345 0 0 0 558 212,513 (1)	Funds carried forward £ (119,546) 32,210 50,570 952 7,265 2,060 33,544 126,601 7,055

14 Purposes of funds

Appeal Fund : This represents monies received prior to 2023 which is ring-fenced for building related costs, and a small amount reserved for church music related costs, the total at the year end being £31,642. The remainder is income from donations and events which will be transferred to the General account to meet ongoing expenses.

Building fund : This represents funds for the restoration and rebuilding of the church.

Church fabric fund : This fund is for the maintenance and upkeep of the church building and income is normally received from donations or specific events raising monies for the fabric of the church and not just general funds.

Music fund (prev. Organ fund) : This originated from fundraising many years ago to refurbish the organ. A surplus was achieved and was held to maintain the old organ. However, this was destroyed in the fire. It is now held towards the replacement of the current organ. In addition, in July 2023, the PCC decided to rename this as the Music fund, to incorporate costs of developing the music facilities of the church.

Rosemary Bray memorial fund : This represents monies raised and used to make kneelers for the church, from which a surplus remained after the work was completed. It is not expected that new kneelers will ever be made.

Garden society fund : The PCC is responsible for keeping the church grounds in good order. The funds for this activity are held in separate accounts and will be used solely for the original purposes of the society.

• 15 Trustees

There were no trustees' remuneration, other benefits or expenses paid for either of the two years.

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Registered Charity No: 1176142

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, ROPLEY, WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16 Commitments

In July 2023, the PCC entered into a contract for the restoration of the bells, payable in three instalments. Two instalments have been paid in 2024 but the final payment of £23,885, excluding VAT which is recoverable, is due on completion of the work. This is anticipated in March 2025. Against this, the PCC has been promised a grant from the National Lottery Heritage Fund of £6,229, payable on completion of the work on the bells.

17 Statement of Financial Activities - Previous year

Income and endowments from: Donations and legacies Charitableactivities Investment income Total income and endowments Expenditureon: Charitable activities Church restorations Total expenditure Net gains on investments Net income/(expenditure) Transfers between funds Netmovement in funds Fundsbrought forward at1 January 2023 Funds carried forward at 31 December 2023	Unrestricted Funds £ 60,279 14,085 0 74,364 76,471 348 76,819 0 (2,455) (212,514) (214,969) 95,423 (119,546)	Restricted Funds £ 29,868 16,884 394 47,146 (15,002) 84,368 69,366 2,284 (19,936) 212,513 192,577 (65,976) 126,601	Total 2023 £ 90,147 30,969 394 121,510 61,469 84,716 146,185 2,284 (22,391) (1) (22,392) 29,447 7,055	Total 2022 £ 415,920 4,155 159 420,234 30,668 843,839 874,507 739 (453,534) 0 (453,534) 482,981 29,447

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