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2024-12-31-accounts

TRUSTEES' ANNUAL REPORT

The Parochial Church Council of the Ecclesiastical Parish of Funtington with West Stoke and Sennicotts

For the year ended 31st December 2024

CONTENTS

Page
2-6 Trustees' annual report
7-18 Annual Accruals Accounts
19 Report of the independent examiner

St Mary's Church, Church Lane, Funtington, Chichester

PO18 9LH.

1

Our aims and purposes as a charity

The Parish has remained in Interregnum since November 2023 to date. The PCC now have the responsibility of cooperating with the Sequestrator, the Rural Dean, Jessica Reid, in:

What we planned to do to achieve our charitable objectives

When planning our activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’.

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

For this year we discussed and planned the following objectives and activities to fulfil our aims:

2

What we achieved and how we affected beneficiaries’ lives

Attendance at worship

The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, is a major demonstration of the public benefit of our activities.

The average regular weekly attendance, counted during October had fallen slighlty as we had curtailed one service when our lay reader retired . ( 35 adults and sadly only 1 x child attends our services regularly ). Over the course of the year we have seen a very healthy rise in service attendance during Easter and Christmas . Unfortunately, we have not been able to run our Sunday school due to a lack of leaders.

There has been a large increase in numbers attending our Special services; Easter, Harvest Festival, Advent, Christmas and our Joint parish Eucharists on the 5[th] Sunday of the month.

Our newly formed “Parish Choir” consists of around 20 singers. So far, they have sung at Easter, the Deanery service for Ascenion, Harvest and two Carol Services. In addition, they sing on a 5[th] Sunday when a combined service will alternate between Funtington and Chidham. This has been a successful and valued addition to our worship. .

Our local Funtington Primary School has held their Harvest celebration and Christmas Service at St Mary’s Funtington with the whole school in attendance with their families . The infant class also held a class room session at St Mary’s this year .

Christmas was a very special time of celebration where many sections of the community come together to join in the services. Children and adults alike joined-in and memories made. The two crib services and the two Candlelit Carol services were especially well attended.

Likewise during Holy Week and Easter, we saw good numbers of families attending our services. For the second year running, we had the Stations of The Cross at Funtington, and then carried our cross from Fungtington to St Wilfrid’s Hall, where we had lunch . We then continued the journey to St Mary’s, Chidham, for the Veneration of the Cross and Communion. On Easter Morning we held the lighting of the Pascal candle for both the parishes of Chidham and FWSS at St Mary’s Chidham. The light was taken to Funtington where the respective paschal candle was lit at the Joint Churches Eucharist service. This was followed by an Easter egg hunt and Hot cross buns.

Teaching, baptising and nurturing new and existing believer s

Many of the church congregation have been involved in the midweek discipleship activities. Every fortnight a few people have met for prayer to undergird all our activities. Alternate weeks there is an ideas group which discusses opportunities to extend the church in the parish, and one spin off is the monthly film night which has just started. Two community lunches were held as a result of suggestions. A homegroup meets one evening each week and has followed the Bible Society’s Bible Course and Romans Course, an Alpha course and a series on the letter of James. An afternoon study group has been formed and has also benefitted greatly from the two Bible Society Courses.

Evangelism and outreach

A special edition of the Parish Magazine was distributed free to every house in the parish and made an impact. A D-day 80[th] anniversary celebration was very well attended and was supported by the community choir. The Sennicotts outside nativity service drew in a large number of people from outside our church community. The annual Nov 5[th] bonfire in the paddock was also a very successful community event for the parish and surrounding area. The Christmas fair which was reinstated drew a large number from the local community and was very well received.

3

Provision of the church building for people to enjoy

It was with great delight that we celebrated the baptism of one child.

During the year there have been 3 Weddings, one Marriage Blessing, 10 funerals and 4 committals of Ashes.

The main focus this year has been to explore ways in which the church building can be used for events other than services. Accordingly, various groups have used the Church for meetings including Scouts, School and Canine Scenting, thereby bringing people into church that would not normally attend services.

We have hosted many visitors to our Bell tower for ringers of all skills to enjoy our bells.

It is important to us that the church is available for private prayer not just to the church family but to the wider visiting community. To this end the church building of West Stoke and St Mary’s Funtington are always open.

Many remark that not only is it refreshing to find an open church but, also the sense of peacefulness and spirituality our churches and the grounds pervade.

Other remarks include the sense of history within; that people of much earlier generations found life and presence there and, comments on the appreciation of the architectural beauty of the buildings and biblical archaeology.

The church buildings.

St Mary’s Funtington has completed major repairs to the roof and the installation of Solar Panels. These are providing power to the church and feeding excess back to the grid. It will be necessary to install a smart metre to enable payment to be made from our supplier to the church and is under investigation.

The internal wall of the church tower still has exposed flintwork. We are still waiting for advice from the Architect and DAC concerning the faculty application and whether the rendering should be re-instated completely, in part, or not at all.

St Andrew’s West Stoke The cracks around window frames are stable so no further work needed at this time, but they will be monitored.

St Mary’s, Sennicotts The missing Iron railings have not been located so some hedging has been planted to fill the gap. Discussions have taken place around improving the lighting in the building, but no decision has been made by the PCC

Services

The Interregnum pattern of Service continued throughout the year. We have relied on Lay Readers, retired Priests and other local Clergy to lead our worship and we are very grateful to them all. It has been no easy task ensuring our pattern of services is covered. This year, we only had 1 x Service that could not be supported by Clergy or lay readers. Combining some services across the parishes we have managed to maintain a Eucharist service each Sunday.

Sadly, due to the retirement of a lay reader, Morning Prayer on the third Sunday at West Stoke has been suspended for the time being.

4

Provision of pastoral care for people living in the parish

We have re- established a specific Pastoral Care Team this year, who are available to visit the sick or lonely and take communion if required. We still work closely with Good Neighbours who provide transport, help and friendship to local people. Many parishioners provide transport for the house bound to enable attendance on a Sunday or for other church functions.

The Church in our Community was primarily launched as an informal prayer group and is open to all in the Parish. This has encouraged some people who are not regular church goers, to attend, explore their faith and be supported.

Charitable giving

With the help of a small sub team the charitable giving of £4,500 was focussed on a small number of charities with which we can develop a stronger relationship. In particular, the link with CYE (Cobnor) has been encouraging. Two of the team visited Funtington to speak at one of our services and our local school has an annual residential visit there. Other local charities included the 4 Streets project and Sanctuary in Chichester.

Staff costs

The PCC only employs one member of staff – the organist.

Trustee payments and expenses

No trustees were remunerated for their role as trustees. Trustee expenses payments are detailed in the accounts note 15.

Why we hold some money in reserve

It is PCC policy keep a minimum of £30,000 in reserves to cover 3 months of expenses. The PCC use a number of money and equity funds in which to invest spare cash, and the performance of these funds is kept under review. We have been advised that the Dora Smith fund, which has been ring fenced for ministry in the parish, should not be spent whilst we are in vacancy.

Structure, governance and management of the charity

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers).

5

During the year the following served as members of the Parochial Church Council:

Ex Officio members

Officio members
Sequestrator: The Rural Dean Rev Jessica Reid
Wardens:
Mrs Phillipa Kerr
(from May 2024)
Mr Paul Wren
(from May 2024)
Mrs Caroline Noble
(from May 2024)
Deanery Synod Mr Neil Watt
Mrs Caroline Noble
Elected Members Mrs Denise Foster
Mrs Kay Knowles
Mrs Debbie Hughes
Mrs Jo Wergan
Mr Andrew Hughes
Mrs Gill Boote
Mrs Judy Meeke
Mrs Eloise Rank
Mr James Noble
Mrs Claire Hoare
Secretary Mrs Carolyn Watt
Treasurer Mrs Tricia Dry
Assistant Treasurer & Gift Aid Mr Neil Watt (ex Officio)
Electoral Roll Officer Mr Andrew Lillie (co-opted)

Safeguarding Officer
Mr Tony D'Alton (co-opted)

Membership of the PCC is determined under the Church Representation Rules and consists of certain exofficio members: the priest-in-charge, the churchwardens and members of the Deanery, Synod, and 12 members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

We have maintained the use of accruals accounting this year, and are extremely grateful to Mr. Nigel Brown, for examining our accounts.

In relation to the accruals accounting the PCC has to review whether the parish is a going concern, and the PCC has agreed this is clearly the case.

This Trustees’ Annual Report was approved by the PCC.

6

Statement of Financial Activities

Unrestricted
Fund		 Restricted
Fund/s		 Restricted
Fund/s		 Endowed
Fund/s		 Endowed
Fund/s		 Total Funds
2024		 Total Funds
2023		 Notes
2
3
7
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other receipts		 £
65,996
11,517
15,401
25,096
382		 £
-
-
-
651
-		 £
-
-
-
93
-		 £
65,996
11,517
15,401
25,840
382		 £
51,279
5,771
10,804
21,204
8,923
Total income 118,392 651 93 119,136 97,981
Expenditure on:
Raising funds
Charitable activities
Other trading activities		 348
83,242
7,463		 -
651
-		 -
-
-		 348
83,893
7,463		 288
129,794
9,701
Total expenditure 91,053 651 - 91,704 139,782
Net gains (or losses) on investments 2,824 - 63 2,887 5,681
Net income or (net expenditure) 30,163 - 156 30,319 (36,120)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Other gains/(losses)
Reconciliation of funds:		 -
30,163
-
-		 -
-
-
-		 -
156
-
-		 -
30,319
-
-		 -
(36,120)
-
-
Net movement in funds 30,163 - 156 30,319 (36,120)
Total funds brought forward 574,239 512 3,373 578,124 614,244
Total funds carried forward 604,402 512 3,529 608,443 578,124

Page 7

Balance Sheet Total Funds Totol Funds 2024 2023 Notes Tangible assets 17.915 18,708 Investments 543.926 519, 700 Total fimed assets 561.841 538,408 Debtors 19.354 22,680 19,221 io Cash at bank and in hand 30.932 14 Total current assets 50.286 41,901 Creditors.. Amounts falling due within one year {3.6831 12,185J 11 Net current assets or Illabilitiesl 46,602 39.716 Totsl assets less current liabilities 608A43 578.124 Cieditors.. Amounts falling due after more than one year 12 Provisions for Ilabilities Total net assets or Iliabilitiesl 608.443 578,124 The funds of the charbtv: Endowment funds 3.529 3.373 Restricted funds 512 512 Unrestricted funds 604.402 574,239 Total charity funds 608,443 578,124 This Annual Financial Report, foi the year ended 31st December 2024. includin8 the notes following. was PCC Chairm ao.? <

Notes to the financial report

1 Accounting policies

a Accounting convention

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current (2019) Statement Of Recommended Practice, Accounting and Reporting by Charities SORP (FRS 102).

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.

b Funds accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes .

Designated funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects.

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

Endowment funds - funds the capital of which must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment .

c Income and endowments

All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably.

Donations and legacies

Collections are recognised when received.

Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate.

Gift aid recovered is recognised when the income to which it is attached is recognised.

Grants and legacies are recognised when the formal offer in writing of the funding, is received by the PCC.

Charitable activities

Fees for weddings and funerals are recognised when the events are in the accounting year and receipt is probable.

Other trading activities

Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised when received.

Investment income

Interest entitlements are accounted for as they accrue.

Page 9

Notes to the financial report (continued)

All other income

All other income is recognised in accordance with the above overall policy.

Gains and losses on investments

Realised gains are recognised when the investments are sold.

Unrealised gains and losses are accounted for on revaluation at 31 December.

d Expenditure

Expenditure is accounted for on an accruals basis and accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

e Fixed Assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to 2010 there is insufficient cost information available and therefore the cost of such assets is not stated in the financial statements.

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates we have applied are:

Fixtures and fittings - Organ 3%
Fixtures and fittings - Solar Panels 10%
Audio visual equipment 25%
Cooking Equipment 25%

No depreciation is provided on freehold property as it is the PCC's policy to maintain these assets in a continual state of sound repair.

Investments

Investments are stated at market value at the balance sheet date.

f Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown a debtors less provision for amounts that may prove uncollectible.

Page 10

Notes to the financial report (continued)

2 Analysis of income and endowments

2
Analysis of income and endowments
Unrestricted Restricted Endowed Total Funds Total Funds
Fund Fund/s Fund/s 2024 2023 Notes
Planned giving (gift aided)
Planned giving (no tax refunds)
Loose cash collections
Sumup donations
Donations
Gift Aid recoverable		 £
37,698
-
4,347
1,388
1,000
10,708		 £
-
-
-
-
-
-		 £
-
-
-
-
-		 £
37,698
-
4,347
1,388
1,000
10,708		 £
36,264
-
1,927
672
2,243
10,173
Other Income - - - - -
Legacies 10,854 - - 10,854 -
Grants - - - - -
Donations and legacies £65,996 - - £65,996 £51,279
Fees for weddings & funerals
Visiting Clergy Reimbursement		 9,867
1,650		 - - 9,867 5,771
Charitable activities £11,517 - - £11,517 £5,771
Sales of parish magazine
Community Events- Bonfire, Fair, D-Day
Fundraising
Church centre hiring fees
Magazine advertising fees
Refunds		 2,688
6,006
778
3,323
2,498
108		 -
-
-
-
-
-		 -
-
-
-
-
-		 2,688
6,006
778
3,323
2,498
108		 2,688
1,467
1,302
3,386
1,190
770
Other trading activities £15,401 - - £15,401 £10,804
Bank & CBF deposit interest
Dividends		 21,567
3,529		 -
651		 -
93		 21,567
4,273		 17,991
3,213
Investments £25,096 £651 £93 £25,840 £21,204
VAT Refund
Other receipts		 382 - - -
382		 8,923
-
Total income £118,392 £651 £93 £119,136 £97,981

Page 11

Notes to the financial report (continued)

3 Analysis of expenditure on:

3 Analysis of expenditure on:
Unrestricted Restricted Endowed Total Funds Total Funds
Fund Fund/s Fund/s 2024 2023 Notes
Gift Aid envelopes
Sumup expenses		 £
99
249		 £
-
-		 £
-
-		 £
99
249		 £
187
101
Cost of raising funds £348 - - £348 £288
Charitable grants and donations 4,515 - - 4,515 4,520 4
Parish share to Chichester Diocese
Salaries and honoraria incl tax
Visiting Clergy		 40,772
773
1,650		 -
-
-		 -
-
-		 40,772
773
1,650		 47,277
1,647
967		 5&22
22
Council tax - - - - 1,250
Water, Gas, Electricity and Oil
Wedding / Funeral expenses
Insurance
Churchyards Maintenance
Church Running Costs
Church and Hall cleaning
Building works
Accounting and Architects fees
Church maintenance and repair
Diocesan and Deanery fees
New equipment
Liabilities
Governance		 4,699
3,393
5,613
8,195
4,772
4,972
1,829
-
148
828
643
442
-		 -
-
-
651
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-		 4,699
3,393
5,613
8,846
4,772
4,972
1,829
-
148
828
643
442
-		 4,650
1,492
5,479
7,790
5,184
3,874
50,505
1,612
(3,958)
1,155
224
-
-
Cost of charitable activities £83,242 £651 - £83,893 £133,667
Magazine Printing
Community Events- Bonfire, Fair, D-Day
Other trading costs		 5,185
2,278
-		 -
-
-		 -
-
-		 5,185
2,278
-		 4,284
1,544
-
Cost of other trading activities £7,463 - - £7,463 £5,827
Total expended on all funds £91,053 £651 - £91,704 £139,782

Page 12

Notes to the financial report (continued)

4 Missionary and charitable giving:

4 Missionary and charitablegiving:
Unrestricted
Fund		 Restricted
Fund/s		 Endowed
Fund/s		 Total Funds
2024		 Total Funds
2023		 Notes
St Wilfrid's Hospice
Ukraine appeal
CYE
Four Streets Project
Sanctuary Chichester
Royal British Legion
Scripture Gift Mission
Scripture Union
Stone Pillow
DEC Turkey Earthquake Appeal
Sage House Dementia Support
Chichester Area Talking News Appeal
Others		 £
642
500
927
857
357
382
100
250
500
-
-
-
-		 £
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
642
500
927
857
357
382
100
250
500
-
-
-
-
-		 £
-
100
750
100
2,070
750
750
-
-
£4,515 - - £4,515 £4,520

Page 13

Notes to the financial report (continued)

5 Staff costs

**5 ** Staff costs
Unrestricted Restricted Endowed Total Funds Total Funds
Fund Fund/s Fund/s 2024 2023 Notes
£ £ £ £ £
**a ** Remuneration
Wages and salaries 773 - - 773 1,647 16&22
Employer Social Security Costs - - - - -
Employer Pension costs - - - - -
£773 - - £773 £1,647
**6 ** Governance
5 Staff costs
Unrestricted
Fund		 Restricted
Fund/s		 Endowed
Fund/s		 Total Funds
2024		 Total Funds
2023		 Notes
16&22
a Remuneration
Wages and salaries
Employer Social Security Costs
Employer Pension costs		 £
773
-
-		 £
-
-
-		 £
-
-
-		 £
773
-
-		 £
1,647
-
-
£773 - - £773 £1,647
6 Governance
Unrestricted Restricted Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2024 2023 Notes
Independent examination/Accounts Production £
-		 £
-		 £
-		 £
-		 £
-
- - - - -
7 Analysis of transfers between funds
Unrestricted Restricted Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2024 2023 Notes
£ £ £ £ £
- - - - -
- - - - -

Page 14

Notes to the financial report (continued)

8 Fixed Assets

8 Fixed Assets 8 Fixed Assets 8 Fixed Assets 8 Fixed Assets 8 Fixed Assets 8 Fixed Assets 8 Fixed Assets 8 Fixed Assets 8 Fixed Assets
a Investments
Unrestricted Restricted Endowed Total Funds
Fund Fund/s Fund/s 2024 Notes
Market value 1 January 2024
Additions
Disposals at carrying value
Deposit account interest accumulated
Net gains and revaluation		 £
515,815
-
-
21,339
2,824		 £
512
-
-
-		 £
3,373
-
-
63		 £
519,700
-
-
21,339
2,887
Market value 31 December 2024 £539,978 £512 £3,436 £543,926

Investments at 31 December 2024 included £430,707 held in a CBF Church of England deposit account

b Tangible fixed assets

b Tangible fixed assets
Freehold land
and buildings		 Audio visual
equipment		 Equipment Total fixed
assets		 Notes
Cost or valuation
At 1 January 2024
Additions
Disposals
Revaluation
Prior Year adjustment		 £
-
-
-
-
-		 £
894
1,679
-
-
-		 £
22,182
-
-
-
-		 £
23,076
1,679
-
-
-
At 31 December 2024 - 2,573 22,182 24,755
Depreciation
At 1 January 2024
Charge for the Year
Disposals
Revaluation		 -
-
-		 (448)
(643)
-
-		 (3,921)
(1,829)
-
-		 (4,368)
(2,472)
-
-
At 31 December 2024 - (1,091) (5,749) (6,840)
Net book amounts
At 31 December 2024		 - £1,482 £16,433 £17,915
At 31 December 2023 - £447 £18,261 £18,708

Page 15

Notes to the financial report

9 Analysis of net assets by fund

9 Analysis of net assets by fund
Unrestricted Restricted Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2024 2023 Notes
£ £ £ £ £
Fixed assets for church use 17,915 - - 17,915 18,708
Investment fixed assets
Current assets (except cash)
Cash at bank
Debtors
Current liabilities
Long term liabilities		 539,978
-
30,932
19,354
(3,683)
-		 512
-
-
-
-
-		 3,436
-
-
-
-
-		 543,926
-
30,932
19,354
(3,683)
-		 519,983
-
19,221
22,680
(2,185)
-
£604,495 £512 £3,436 £608,443 £578,408

10 Debtors

10 Debtors
Unrestricted Restricted Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2024 2023 Notes
Income tax recoverable
Prepayments and accrued income
Chidham PCC loan
Other debtors		 £
5,146
458
13,750
-		 £
-
-
-
-		 £
-
-
-
-		 £
5,146
458
13,750
-		 £
4,690
1,240
16,750
-
£19,354 - - £19,354 £22,680

11 Creditors: amounts falling due within one year

Unrestricted Unrestricted Restricted Restricted Endowed Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2024 2023 Notes
Deferred income
Accruals for utilities and other costs		 £
-
3,683		 £
-
-		 £
-
-		 £
-
3,683		 £
-
440
Other creditors - - - - 1,745
£3,683 - - £3,683 £2,185

-

12 Creditors: amounts falling due after more than one year

Unrestricted Unrestricted Restricted Restricted Endowed Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2024 2023 Notes
Deferred income
Accruals for utilities and other costs
Other creditors		 £
-
-
-		 £
-
-
-		 £
-
-
-		 £
-
-
-		 £
-
-
-
- - - - -

Page 16

Notes to the financial report

Notes to the financial report Notes to the financial report Notes to the financial report Notes to the financial report Notes to the financial report Notes to the financial report Notes to the financial report Notes to the financial report
13 Statement of funds
Balances
b/fwd
1 Jan 2024		 Income Expenditure Transfers,
other gains
and losses		 Balances
c/fwd
31 Dec 2024		 Notes
£ £ £ £ £
Parkinson 3,373
-		 93 - 63
-		 3,529
-		 19
Total of all endowed funds 3,373 93 - 63 3,529
Mothers and Toddlers Fund
Sunday School fund
Choir Fund
West Stoke Churchyard Fund		 250
224
38
-		 -
-
-
651		 -
-
-
(651)		 -
-
-
-		 250
224
38
-		 18
Total of all restricted funds 512 651 (651) - 512
General Fund
John Rank Fund
Richard Elwes Fund
Roof and Church Repairs
Dora Smith Fund
Fixed assets		 155,720
3,951
4,516
138,005
253,340
18,708		 94,495
10,854
-
-
13,043
-		 (90,260)
-
-
-
-
(793)		 2,824
-
-
-
-
-		 162,779
14,805
4,516
138,005
266,382
17,915		 17
20
21
23
17
Total of all unrestricted funds 574,239 118,392 (91,053) 2,824 604,402
Total funds £578,124 £119,136 £(91,704) £2,887 £608,443

14 Analysis of cash and cash equivalents

Total Funds Total Funds
2024 2023 Notes
£ £
Cash in hand
Notice deposits (less than 3 months)		 30,932
-		 19,221
-
Total cash and cash equivalents £30,932 £19,221

Page 17

Notes to the financial report (continued)

15 Trustee and related party transactions

Two trustees were remunerated for organist and verger fees and received in total £900

Seven trustees have together received £4,643 in expenses. All expenses were directly related to the charitable activities of the PCC. Expenses paid covered:

supplies and equipment required for community events; candles and consumables; gifts for helpers, lay readers and those baptised; office supplies and printing; supplies required for undertaking church maintenance and cleaning.

16 Staff costs and employee benefits

The church employs 1 member of staff.

17 General Fund

The general fund no longer includes fixed assets which are shown separately.

The general fund can be seen to have grown by £7,059 in 2024. Whilst our giving remains less than our expenses, this was more than compensated by the interest and gains on our investments of £11,120. There were also no vicar/vicarage expenses this year and no significant repairs were needed.

18 West Stoke Churchyard Fund

The diocese holds a restricted fund of £23,442 for the benefit of the upkeep of West Stoke churchyard. We use the dividend income from this fund towards the upkeep of West Stoke churchyard.

19 Parkinson Fund

The Parkinson Fund is for repair or upkeep for two specific seats, one in St Andrew's churchyard and the other at West Stoke Hall.

20 John Rank Fund

This fund is kept for specific Sennecotts expenses.

21 Richard Elwes Fund

This fund is kept for significant St Andrew's expenses.

22 Reallocation of Expenses

The Salaries, Visiting Clergy, and Wedding Funeral Expenses have been clearly differentiated for 2024 and cannot be compared diectly to the 2023 figures which were not allocated in the same way.

23 Dora Smith Fund

This fund has been assigned for specific ministry in the parish, and will not be used during the interregnum.

Page 18

Independent examlnevs report to the trustees of Tho Parochial Church Coun¢ll of the Ecclesiastical Parlsh of Funllngton with West Stoke and Sennlcotts I r8POrt to the trustees on my examination of the aGGounts of the Parochial Church Council (PCC) for the year ended 31°, December 2024. Responsibllitles and ba$ls of report As the members of the PCC. you are responsible for the preparatlon of the accounts in accordance with the requirements of th8 Charities Act 2011 ('the Act.). I r8POrt in respect of my examinati￿ of the accounts carried out under section 145 of the 2011 Act and In carrying out my examination I have folk)wed all the applicable Directions giv8n by the Charity Commission urKler sèction 145(5){b) of the Act. Independent examlnerfs statement I have Gompleted my examination. I confirm that no mater181 matters have (x)m8 to my attentlon In ￿nnectIOn with the examination giving me Cause to b81i8ve that in any material respect.. 1. accountlng rec(xds were not kept In r8SP8Ct of the Trust as required by sectlon 130 of the Act., or 2. the accounts do not accord with thos8 records: or 3. the accounts do not ccmply with the applicable requirements concernlng the forn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that th8 ac￿Unts glve a 'tru8 and falf view ￿1¢h is not matt8r cx)nsidered as part of an indeFwthnt 8xamln8tlon. I have concerns and have come a(xoss other matters in connectlon *lth the examination to wthlch attention should be dravm In thls report In order to enable a prop8r understandlng of the accounts to b8 reached. Slgned: Date: Nlgel Brown 29 Bath Road. Emsworth, Hampshlre P010 7ER Page 19