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 - "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 Page 21 _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 Page 22 _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 Page 23 _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. Page 24 _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 -----**
Page 25 _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. Page 26 _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_| |---|---|---|---| Page 27 _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** Page 28 _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. Page 29 _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_| |---|---|---|---|---| Page 30