The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Annual Report and Financial Statements
Year Ended 31 December 2024
Charity registration number.. 1179768

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Contents
Trustees, Report
1 to7
Reference and Administrative Detsils
Statement of Trustees, Responsibilities
Independent Auditors, Report
910 13
Statement of Financial Activities
1410 15
Balance Sheet
16
Cash Flow Ststemenl
17
Notes to the Financial Statements
181029

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 December2024.
Structure, governance and management
All Saints Church Highertown IASHI is part of the Diocese of Truro, within the Church of England. The
PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20061 and a
charity registered with the Charity Commission on 3 September 2018 (charity number 1179768}.
The activities of ASH are overseen by the PCC, meetings are held in accordanTr with the Church
Representation Rules. The PCC is responsible for the financial adminislralion of the Church, and the
care and rna1ntenan￿ of the Church premises of All Saints Highertown IASHI and the churchyard in
Baldhu.
The PCC has no related trusts or charities.
The appointment of PCC members is govemed by and set out in the Church Representation Rules.
PCC members are the Iruslees of the registered charity during their period of service on the PCC.
The PCC meets at least six limes during the year. It is recognised that the PCC has ultimate
responsibility for a wide range of matters affecting the parish and Officers are nominated from within
the PCC lo cover specific areas including Safeguarding, Equality and Health & Safety.
During the year the charity changed its name from The Parochial Church Council of the Ecclesiastical
Parish of Highertown and Baldhu to The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu.
Inductlon and tralnlng of trustees
All new Iruslees are issued with Church of England's "Trusteeship - An Introduction for PCC
members" and are offered a book 'The PCC Member's Essential Guide.. They are required lo
undergo the Church of England's Safeguarding Training according lo the role they will be undertaking
and have access lo the on-line and in-person training available through the Diocese of Truro. The
Charity Commission's website also provides much information.
Arrangements for setting key management personnel remuneration
The PCC is guided by the chU￿h of England's 'Safer Recruitment, prO￿s$ and seeks advice from
the dioTrse's HR department on all remuneration issues.
Pag8 1

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report (continued)
Major riTsks and management of those risks
The PCC has a Risk Management policy for the identification, evaluation, reporting and management
of risks. Risks are captured on a Risk Register which evaluates the impact and likelihood of the risk.
what control mechanisms exist and who the risk owner is. The register is reviewed by the PCC twice a
year and updated to reflect the circumstances pertaining, including any additional measures required.
Public benefit
The PCC is aware of the Charity Commission's guidance on public benefit in Vhe Advancement of
Religion for the Public Benefit" and has regard lo it in the administration of the Church. The PCC
believes that the Church provides benefit lo the public by..
Providing resources and facilities for public worship, pastoral care and spiritual, moral and
intellectual development, both for the congregation and for anyone else who wishes to benefit from
what the Church offers.
Promoting Christian values and service by members of the congregation to the community, for the
benefit of individuals and society as a whole.
Objectives and activitios
Objects and aims
The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according lo
the doctrines and practi￿$ of the Church of England.
The PCC is to co-operate with the minister in promoting in the parish the whole mission of the
Church, pastoral, evangelistic, social and ecumenical. IPCC (Powers) Measure 19561.
ObJectSves for the year
As a local congregation of the Church of England, ASH seeks to advance the Christian religion
through ils activities and the facilities offered lo the community by ils buildings.
We continue lo host vital community services such as the Comw811 Children's Clothes Bank, Truro
Foodbank and the financial crisis support service, Acts 435.
The PCC seeks lo give a tenth of its income to other charitable causes, currently this is achieved by
providing accommodation at reduced or no cost.
Pag8 2

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report (continued)
Achievements and perfomiance
The full PCC mel ten limes during the year.
During the year ASH has acted as a ￿ntre of worship and as a focus of community activity in the
parish of All Saints Highertown and Baldhu.
The balan￿ of the funds for the Lifehouse project were raised, over its life amounting lo over £2.1m.
This enabled us lo restart the project and in August the construction of the Lifehouse Community Hub
began with the demolition of the old hall and ancillary buildings. The church itself remains operational.
Construction is on target to complete in August 2025.
Over £17,695 raised online and items distributed through our Acts 435 advocate team to help 90
people in crisis. This is the most ever and shows the need in West Cornwall. Many needed more than
1 item, mainly while goods. Any one individual is allowed 3 requests only, ever.
Congregation and Services -over the last year our congregations have averaged 50 each Sunday.
We have continued a regular pattern of services which include Family Communions, non-Eucharistic
family friendly services and Holy Communion.
Our Monday morning Toddle Group has expanded and is now a thriving group for parents and carers
and their pre-school children, despite its enforced move into our worship space, caused by the
Lifehouse Building Work. It is ably led by a group of volunteers and led by Louise Tucker,. Louise is
also providing 'Busy Bags, for use in church on Sundays. The team mark the main church events
through the year and of particular note has been the making of Christingles together and the Hot
Cross Bun activities.
We have had our usual array of Special Services throughout the year with a Carol Service,
Christingle, Christmas Day Family Service, Ash Wednesday Communion, the Hour al the Cross on
Good Friday and an Easter Dawn Service al Loe Beach, and Easter Family Communion and a
wonderful celebration of Easter.
Prayer- This year, we have continued lo priorilise prayer as il is a vital part of the church's life,
underpinning all we do. We have a strong Church Prayer Group meeting on Thursday mornings and
pray together for the church, ils Community and its work,. for wider national and international issues.,
and for each other.
Small Groups and Home Groups. Our Post Alpha Home Group continues to meet bul the weekly
Bible Study Group has paused. An Advent and Lenten Book Group also ran, the Lent one run jointly
with the Methodist Church al Threemileslone. Our Fund Raising Team has been somewhat reslricled
by the loss of the Church Hall since ils demolition mid-year. BLJt they not only provide additional funds
for the church they also organise events which bring our congregation and the surrounding community
together in a variety of ways, Spring and Summer FayTes, Coffee Mornings Soup Lunches elc. are
enjoyed by many. They look forward to the extra potential that the new Lifehouse will bring lo these
areas.
Youth Club - Unfortunately we have had lo stop this whilst we have no hall but, look forward to
re-starting once we have our new facility.
Pag8 3

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report (continued)
The invgstmgnt policy and obj8ctivgs
We bank with the Lloyds Bank plc. The ethical policy is as follows..
.Human Rights
We wish to ensure that money does not go lo support oppressive regimes
govemmenls that fail to respect the basic political rights and civil liberties of their citizens.
.Intemalional Development
We expect businesses to respect the Core Conventions of the
Intemalional Labour Organisation on issues such as child labour and freedom of association.
.Ecological Impact - We consider the issues of climate change. waste. biodiversity loss and the
release of harmful chemicals as environmental imperatives.
.N8nOtechnology - There are concerns around its impact on human health and the environment.
.Animal Welfare
We will not finance any organisation involved in animal testing of cosmetic or
household products or their ingredients, intensive fam)ing, blood sports or the fur trade.
Plans for future periods
Aims and key objectiTves for future periods
As we move forward into another year, our priorities will continue to be working together to build and
strengthen our fellowship. We are very hopeful that we will be able to complete the Lifehouse Project
and open the new Community Hub in September 2025. This will provide improved facilities and
increased opportunities to support our local community and those in need in the local area. To deepen
our faith further, we plan lo continue lo offer a programme of varied courses, and groups, regular
Prayer and Praise Evenings, and a monthly Café Church
Financial review
Unrestricted income has decreased by 140/. 10 £60,592 12023.. £70,517). Within this figure
Congregational Giving decreased to £41,688 from £49,832 and Hall Income increased from £14,896
to £17,348 - the latter reflecting welcome increased usage.
Unrestricted expenditure increased by 40kn to £62,538 12023.. £60,011)
mainly as a result of
increased professional fees due lo crossing the audit threshold this year, resulting in £11,610 being
paid 12023.. £2,240).
Overall, Unrestricted Funds showed a nel deficit of £3,721 12023.. deficit of £10,250).
Restricted Funds income of £1,474,700 12023.. £78,750) includes £1,396,355 in grant income
re￿iVed in respect of the Lifehouse Project. Th8 Lifehouse Project is due for completion in August
2025 when expenditure will catch up with the up-front payments received for the grants. Overall
restricted expenditure totalled £66,971 12023.. £114,656). The Restricted Funds figures also include
activities Isalaries and expenses) reimbursed by Truro Diocese.
The Balance Sheet shows overall funds of £1,311,623 12023,. deficit of £94,160). However, the
Diocese have agreed to defer repayments on the £150,000 loan until April 2026.
Pag8 4

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report (continued)
Polioy on rgseNgS
The Policy for the General Account is to maintsin reserves al the level represented by 6 months.
estimated expenditure, excluding expenditure on meeting the Diocesan Mission and Ministry Fund
liability and any charitable giving. 6 months. expenditure is estimated at £32,000
£46,567 is CLJrrently held in free unrestricted reserves which is deemed sufficient in light of the policy.
Restricted funds of £1,262,848 are held for future capital costs on the Lifehouse Project.
Pag8 5

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report (continued)
Reference and Administrative Details
Incumbent
Revd Janette Mullett (Resigned 30104120251
Trustees I PCC members
Revd Janelle Mullell (Resigned 30104120251
Revd Patrick Gilbert (resigned 29108120241
Revd Mary Cruddas
Revd Canon Debbie Harvey
Debbie Mitchell
Alan Vvallace
Jane Tomlinson
Rowley Surridge
Irene Mortimore (resigned 12105120241
GrLJndy
Hamilton Cruddas
John Mitchell OBE (resigned 07110120241
Roger Chilman
Jean Cooke
Lynne Bray
Christine Dayus
Trish Cole {resigned 2910812024}
Dr David Laurence Tucker
Gail Birch (appointed 12105120241
Emma Rawslhome lappoinled 1210512024)
Beverfie Horton (appointed 11105120251
1179768
Charity Registration Number
Principal Office
All Saints Church
Tresawls Road
Truro
TR13LD
Independent Examiner
Francis Clark LLP
Lowin House
Tregolls Road
Truro
Comwall
TR12NA
Pag8 6

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Trustees, Report (continued)
The annual report was approved by the Iruslees of the charty on
behalf by..
15
and Signed on rts
Cooke
Trustee
Page 7

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance wrth the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulation5.
The law applicable lo charities requires the Iruslees to prepare financial statements for each financial
year which give a true and fair view of the slate of affairs of the charity and of the incoming resources
and application ol resources of th9 charity for that period. In preparing these financial slalemenls, the
trustees are required lo".
select suitable accounting policies and then apply them consislenlty.,
observe the methods and principles in the Charities SORP..
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject lo any material
tjepartures disclosed and explained in the financial 51alemenls', and
prepare the financial statements on the going concern basis unless it is inappropriate lo presume
that the charity will eonlinue in business.
The Iruslees are re$pon$ible for keeping proper accounting records that disclose with ￿aSOnable
accuracy al any lime the financial position of the charity and enable them to ensure that the financial
slalemenls comply wrth the Charities Act 2011. the Charities (Accounts and Reportsl Regulations
2008. and the provisions of the constitution. The trustees are 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.
The Iruslees are responsib￿ for the maintenance and integrity of the finaneial infomialion included on
the charity's websrte. Legislation governing the preparation and dissemination of financial statements
may differ from legislation in other jurisdictions.
10
Approved by the trustees ol the charty on ...
and signed on ts behalf by..
Jean Cooke
Trustee
Page 8

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Independent Auditor's Report to the Trustees of The Parochial Church
Council of the Parish of All Saints Highertown and Baldhu
Opinion
We have audited the financial slalements of The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu {Ihe 'charily'l for the year ended 31 December 2024, which comprise the
Slalement of Financial Activities, Balance Sheet, Cash Flow Stslemenl, and Notes lo the Financial
Slalements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is United Kingdom Accounting Standards, comprising
Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and applicable law (United Kingdom Generally A¢￿pted Accounting Practi￿1.
In our opinion the financial statements..
give a true and fair view of the stale of the charity's affairs as at 31 December 2024 and of ils
incoming resources and application of resources, including ils income and expenditure, for the
year then ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Other matter
The corresponding prior year figures included in the financial statements and notes to the financial
statements are unaudited. We have obtained sufficient appropriate evidence that the opening
balances do not contain misstalemenls that materially affect the current period's financial statements.
Pag8 9

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Independent Auditor's Report to the Trustees of The Parochial Church
Council of the Parish of All Saints Highertown and Baldhu (continued)
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going COn￿M
basis of 8ccounting in the prepar81ion of the financi81 statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to
events or conditions that, individually or colledively, may cast significant doubt on the charity's ability
to wntinue as a going concern for a period of at least twelve months from when the original financial
statements were aulhorised for issue.
Our responsibilities and the responsihililies of the trustees with respect to going concern are
described in the relevant sections of this report.
Other infomiation
The trustees are responsible for the other information. The other information comprises the
information included in the annual report, other than the financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other information and, except lo
the exlenl otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial slatemenls, our responsibility is to read the other
information and, in doing so, consider whether the other infomialion is materially inconsistent with the
financial stslements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misslalements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misslatemenl of the other information. If, based on the work we have performed, we conclude
that there is a material misslatemenl of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and ils environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing lo report in respect of the following matters where the Charities (Accounts and
Report) Regulations 2008 requires us lo report to you if, in our opinion..
the infomialion given in the trustees, report is inconsistent in any material respect with the financial
statements., or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records- or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees. Responsibilities Isel out on page 81, the trustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view, and for such internal control as the trustees delemiine is ne￿$Sary to enable the
preparation of financial statements that are free from material misstatement, whether due lo fraud or
error.
Page 10

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Independent Auditor's Report to the Trustees of The Parochial Church
Council of the Parish of All Saints Highertown and Baldhu (continued)
In preparing the financial statements, the Iruslees are responsible for assessing the charity's ability lo
continue as a going concern, disclosing, as applicable, matters related lo going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative bul to do so.
Audltor Responslbllltles for the audlt of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report
that includes our opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement
when il exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial statements.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, lo delecl material misslatemenls in respect
of irregularities, including fraud. The extent lo which our procedures are capable of delecling
irregularities, including fraud is detailed below..
Page11

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Independent Auditor's Report to the Trustees of The Parochial Church
Council of the Parish of All Saints Highertown and Baldhu (continued)
As part of our audit planning, we obtained an understanding of the legal and regulatory framework
that is applicable lo the charity and the sector in which il operates to identify the key laws and
regulations affecting the entity. The key laws and regulations we identified were health and safely,
employment law and data protection. We also considered those laws and regulations that have a
direct impact on the preparation of the financial statements, primarily the Charities Act 2011 and
compliance with the Charities Statement of Recommended Practice.
We discussed with management how the compliance with these laws and regulations is monitored
and discussed policies and procedures in place. We also identified the individuals who have
responsibility for ensuring that the entity complies with laws and regulations and deals with reporting
any issues if they arise. As part of our planning procedures, we assessed the risk of any
non-compliance with laws and regulations on the entills ability lo continue trading and the risk of
material misslatemenl lo the accounts.
We assessed the susceplibilily to the charity's financial slalements lo material misstatement, including
how fraud might occur as part of the audit planning process. We determined that these risks are
medium as the charity operates on a not for profit basis reducing any personal in￿ntIVe, however it
also re￿iVeS and uses public funds which may be subject to reslriclions. We audited the risk of
management override of controls through lesling journal entries and other adjustments for
appropriateness and evaluating the business rationale of significant transactions outside the normal
course of business.
Based on this understsnding we designed our audit prO￿dureS lo identify non-complian￿ with such
laws and regulations. Our procedures involved the following..
We reviewed legal and professional costs lo identify any non-complian￿ or legal costs in relation lo
non-compliance
We reviewed the board minutes for anything unusual.
We made enquires to management regarding their knowledge of any non-compliance with laws and
regulations that could affect the financial statements.
We reviewed a sample of expenditure to confirm it has been incurred and allocated correctly.
As part of our enquiries, we discussed with management whether there have been any known
instances, allegations or suspicions of fraLJd of which there were none.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities,
including those leading lo a material misslalement in the financial slalemenls. The risk of not
detecting a material misslalemenl due lo fraud is higher than the risk of not delecling one resulting
from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the
override of internal controls. We are also less likely to become aware of instances of non-complian
with laws and regulations that are not closely related lo events and transactions reflected in the
financial statements.
A further description of our responsibilities is available on the Financial Reporting Council's website
al.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Page 12

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Independent Auditor's Report to the Trustees of The Parochial Church
Council of the Parish of All Saints Highertown and Baldhu (continued)
Use of our report
This report is made solely to the charity Iruslees, as a body, in accordance wth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might
slate lo the trustees those mallers we are required to stale to trustees in an auditors, report and for no
other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo
anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the
opinions we have formed.
Francis Clark LLP is eligible for appointment as auditor of the charity by virtue of ils eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
QITL
Francis Clark LLP, Statutory Auditor
Lowin House
Tregolls Road
Truro
Cornwall
TR12NA
Date..
7 July 2025
Page 13

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Statement of Financial Activities
Year Ended 31 December 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Restricted
funds
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
41,688
18,070
834
1,472,646
74
1,980
1,514,334
18,144
2,814
Total income
60,592
1,474,700
1,535,292
Expenditure on:
Charitable activities
162,538
66,971
1129,509
Total expenditure
62,538
66,971
129,509
Net lexpenditurellincome
Gross transfers between funds
11,9461
11,7751
1,407,729
1,775
1,405,783
Net movement in funds
13,7211
1,409,504
1,405,783
Reconclllatlon of funds
Total funds brought forward
Total funds carried forward
51,862
146,022
94,160
18
48,141
1,263,482
1,311,623
The notes on pages 18 to 29 form an integral part of these financial statements.
Page 14

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Statement of Financial Activities
Year Ended 31 December 2024 (continued)
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Comparative Statement of Financial Activities for the year ended 2023
Unrestricted
Restricted
funds
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
49,832
20,525
160
78,732
128,564
20,525
178
18
Total income
70,517
78,750
149,267
Expenditure on-
Charitable activities
160,0111
{114,6561
1174,6671
Total expenditure
160,011
{114,656
1174,6671
Net incomel{expenditurel
Gross transfers between funds
10,506
20,756
135,9061
20,756
125,4001
Net movement in funds
110,2501
115,1501
125,4001
Reconciliation of funds
Total funds brought forward
62,112
{130,8721
146,022
168,7601
94,160
Total funds carried forward
18
51,862
All of the charity's activities derive from continuing operations during the above two periods.
The fLJnds breakdown for 2023 is shown in note 18.
The notes on pages 18 to 29 form an integral part of these financial statements.
Page 15

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Balance Sheet
31 December 2024
2024
2023
Noto
Fixed assets
Tangible assets
Currant •s$8ts
Debtors
Cash at bank and in hand
10
432,%5
11
12
SOO,009
575,336
3.676
56,632
1,075,345
60.308
Creditors: Amounts falling due within one year
13
46,2871
14,4681
Net current a$$ets
1,029.058
55,840
Total a$$gts less Current liabilities
1.461.623
55.840
Creditors: Amounts falling due after more than one year 14
150,0001
1,311,623
150,0001
94,160
Net assetsllliabilitiesl
Funds of the charity:
Restricted income funds
Reslricled fund5
1,263.482
1146.0221
Unrestricted incomg funds
Unrestricted funds
48,141
51,862
Total fund$
18
1,311,623
194,1601
The financial slalemenls on pages 14 10 29 were approved by the Iru$lee$, and aulh0ri5ed for issue
on IQ.
and signed on their behalf by.
n Cooke
slee
Tr
Thè notes on pages 18 to 29 foryn an integral part of thttse financial ststements.
Page 16

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Cash Flow Statement
Year Ended 31 December 2024
2024
2023
Not
Cash flows from operatlng actlvltles
Net cash incomellexpendilure}
1,405,783
125,4001
Adjustments to cash flows from nonwcash items
Investment income
2,814
178
1,402,969
125,5781
Working capital adjustments
Ilncreaselldecrease in debtors
Increaselldecreasel in creditors
Decrease in deferred income
{496,3331
41,819
3,398
14,3411
11.405
14
Net cash flows from operating activities
948,455
27,926
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible fixed assets
2,814
{432,565
178
10
Net cash flows from investing activities
Net increaselldecreasel in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
429,751
178
518,704
127,7481
84,380
56,632
575,336
56,632
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 18 to 29 form an integral part of these financial statements.
Page 17

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024
1 Accountlng pollcles
Statement of compliance
The financial stslemenls have been prepared under the Church Accounting Regulations 2006 in
accordance with the second edition of the Charities Statement of Recommended Practi￿ issued in
October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021 and the Charities Act 2011. The financial statements include all Iransaclions,
assets and liabilities for which the PCC is responsible in law. They do not include the accounts of
church groups that owe their affiliation lo another body, nor those that are informal gatherings of
church members.
Basis of preparation
The Parochial Church Council of the Parish of all Saints Highertown and Baldhu meets the definition
of a public benefit entity under FRS 102. The accounts {financial stalementsl have been prepared
under the historical wsl wnvention with items recognised at cost or transaction value unless
olhetwise stated in the relevant notes lo these accounts.
Going concern
The financial statements have been prepared on a going con￿rn basis.
Consideration of the financial position of the PCC is impacted by the £150,000 loan repayments
commitment within the LifehoLJse Project Fund. The PCC has fLJlly recognised this issue and to ensLJre
the ongoing financial stability has..
1. Agreed with the Diocesan Board of Finance that loan repayments be deferred until April 30th 2026.
The PCC continues lo monitor the financial position closely and there are no cOn￿M$ over our ability
to keep to our financial commitments for 2025.
The PCC has also reviewed the commilled grant income and financial commitments in respect of the
Lifehouse project and concluded that the PCC has sufficient funds for the future expected expenses
on the project to its completion in August 2025.
Income and endowments
Planned giving, collections and similar donations are recognised when due. Tax refunds are
recognised when the incoming resource to which they relate is received. Grants and legacies are
accounted for when the PCC is entitled to the use of the resources, their ultimate reTript is considered
probable and the amounts due are reliably quantifiable.
Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a
binding or constructive obligation on the PCC. The Diocesan parish share expected to be paid over is
accounted for when due. All other expenditure is generally recognised when it is incurred and is
accounted for gross.
Page 18

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
Charitable activities
Charitable expenditure comprises those costs incLJrred by the charity in the delivery of ils activities
and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities
and those costs of an indirect nature necessary to support them.
Taxatlon
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore il meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively lo charitable purposes.
Tangible fixed assets
Consecrated and benefi￿ property is not included in the accounts in accordance with s.10{2llal and
Icl of the Charities Act 2011.
Other fixed assets are capitalised at a cost over £3,000 and depreciated on a straight line basis over 5
years.
Assets under construction are not depreciated.
Current asset investments
Short term deposits include cash held on deposit with the CBF Church of England Funds.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use al the trustees discretion in
furtherance of the otijectives of the charity.
Designated funds are unreslricled funds set aside for specific purposes al the discretion of the
trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
Page 19

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party lo the
contractual provisions of the instrument. Financial liabilities are classified according lo the substance
of the contractual arrangements entered into.
Recognition and measurement
Al financial assets and liabilities are initially measured at transaction price (including transaction
costs), except for those financial assets classified as al fair value through profit or loss, which are
initially measured al fair value (which is normally the transaction price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement conslitules a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted al a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right lo sel off the recognised amounts and the charity intends
either to settle on a nel basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when al the contractual rights to the cash flows
from the financial asset expire or are sellled, bl the charity transfers lo another party subslanlially all
of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset lo
another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
Page 20

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
2 Income from donatlons and legacles
Unrestricted
Funds
Restricted
funds
Total funds
Donations and legacies.,
Planned Giving donations
Donations, appeals etc
Gift aid reclaimed
Grants, including capital grants,.
Grants
Diocese grants
29,804
9,379
2,505
29,804
37,997
2,505
28,618
1,396,355
47,673
1,396,355
47,673
Total for 2024
41,688
1,472,646
1,514,334
Total for 2023
49,832
78,732
128,564
3 Income from charitable activities
Unrestricted
Funds
Restricted
funds
Total funds
Church and hall hire income
Clergy fee inwme
Other income
17,348
695
27
74
17,422
695
27
Total for 2024
18,070
74
18,144
Total for 2023
20,525
20,525
Page 21

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
4 Investment Income
Unrestricted funds
Designated
General
Restricted
funds
Total
funds
Interest re￿IV8b1e and similar
in¢ome',
Investment income
80
754
1,980
2,814
Total for 2024
80
754
1,980
2,814
Total for 2023
46
114
18
178
5 Expendlture on charltable actlvltles
Activity
undertaken
directly
Activity
support costs
Total
2024
Total
2023
Ministry.. Diocesan parish
share
Church running costs
Wages & Salaries (Project
costs)
Staff expenses
Admin expenses (Project
costs)
Project fees
Payments to Diocese
Church repairs &
Maintenance
Professional fees
Lifehouse project
20,000
14,366
20,000
14,366
30,800
8,795
58,141
58,141
86,792
95
3,566
894
1,140
3,566
894
1,140
3,334
38,661
1,281
2,697
2,697
11,610
17,095
2,669
2,240
11,610
3,600
13,495
114,299
15,210
129,509
174,667
6 Net incomingloutgoing resources
Net incominglloutgoingl resources for the year include..
2024
2023
Operating leases - other assets
Audit fees
Other non-audil services
Independent examiner fee
1,459
7,000
3,500
1,002
1,890
Page 22

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
7 Trustees remuneratlon and expenses
During the year the charity made the following transactions with trustees..
Revd Janette Mullett
Revd Janette Mullett received remuneration in line with the legal authority awarded by the charity's
governing document {Parochial Church Councils (Powers) Measure 19561. Janette received salary of
£36,99712023-. £34,936). The charity also incurred employer pension contributions of £1,818 (2023..
£1,485). £16712023: £167) of expenses were reimbursed lo Revd Janette Mullett during the year.
Al the balan￿ sheet date the amount due to Revd Janette Mullell was £Nil12023'. £Nill
Rowley Surridge
£1212023.. £254} of expenses were reimbursed lo Rowley Surridge during the year.
Al the balance sheet dale the amount due lo Rowley Surridge was £Nil12023.' £Nill
No trustees have re￿iVed any other benefits from the charity during the year.
8 Staff Costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
56,441
81,335
2,761
2,696
1,700
58,141
86,792
The monthly average number of persons lincluding senior management I leadership leaml employed
by the charity during the year expressed as full lime equivalents was as follows..
2024
No
2023
No
Average head count
No employee received emoluments of more than £60,000 during the year
The total employee benefits of the key management personnel of the charity were £49,876 12023
£39,022).
9 Taxation
The charity is a registered charity and is therefore exempl from taxation.
Page 23

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
10 Tanglble flxed assets
Assets under
¢ontru¢tion
Total
Cost
Additions
432,565
432,565
Al 310ecember 2024
432,565
432,565
Depreciation
Al 31 December 2024
Net book value
Al 31 December 2024
432,565
432,565
11 Debtors
2024
2023
Prepayments
Accrued income
Other debtors
313
495,712
3,984
302
3,374
500,009
3,676
12 Cash and cash equivalents
2024
2023
Cash at bank
Short-term deposits
237,057
338,279
50,904
5,728
575,336
56,632
13 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Other creditors
Accruals
1,619
2,309
42,359
1,619
609
2,240
46,287
4,468
Page 24

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
14 Credltors: amounts falllng due after one year
2024
2023
Other loans
150,000
150,000
Unsecured loan from DI0￿$an Board of Finance Ltd. The loan is interest free with repayment due
from 30th April 2026.
15 Obllgatlons under operatlng leases
2024
2023
Other
Within one year
Between one and five years
2,244
5,415
1,072
1,966
7,659
3,038
Page 25

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
16 Penslon and other schemes
The charity as an employer participates in the Pension Builder Scheme section of CWPF for lay staff.
The Scheme is administered by the Church of England Pensions Board, which holds the assets of the
schemes separately from those of the Employer and the other participating employers. The Church
Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity
section known as Pension Builder Classic and a cash balan￿ section known as Pension Builder
2014. The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections,
Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit
schemes. The charity participates in Pension Builder 2014.
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use lo
provide benefits al retirement. Pension Contributions are recorded in an account for each member.
This account may have bonuses added by the Board before reliremenl. The bonuses depend on
investment experience and other factors. There is no requirement for the Board to grant any bonuses.
The account, plus any bonuses declared, is payable from members, Normal Pension Age. There is no
sub-division of assets between employers in each section of the Pension Builder Scheme. The
scheme is considered to be a mulli-employer scheme as described in Section 28 of FRS 102. This is
because it is not possible lo allribute the Pension Builder Scheme's assets and liabilities to specific
employers and means that contributions are accounted for as if the Scheme were a defined
contribution scheme.
The pension costs are allocated to unrestricted and restricted funds in line with the project the
respective staff member is working on.
The pension costs charged to the SOFA in the year are the employer and employee contributions
payable as follows..
Unrestricted
Funds
Restricted
Funds
Total 2024
Total 2023
General Funds {Adminl
Lifehouse Project
Transforming Mission
29
3,471
3,471
5,117
5,146
3.471
3.471
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent
was carried out as at 31 December 2022.
The valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent
annual review, the Board chose lo grant a discretionary bonLJS of 6.7 /0 al 1 JanLJary 2024. For the
Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions
used.
The legal structure of the scheme is such that if another employer fails, the charity could become
responsible for paying a share of that employer's pension liabilities.
Page 26

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
17 Commltments
Capital commitments
The total amount contracted for but not provided in the financial statements was £1,076,003 12023
£Nill.
18 Funds
Balance at
31
December
2024
Balance at
1 January
2024
Incoming Resources
resources
expended
Transfers
Unrestrlcted funds
General
General funds
50,368
60,512
162,538)
11.7751
46,567
DesiTgnated
Fabric Fund
1,494
80
1,574
Total unrestricted funds
51,862
60,592
162,538)
11,7751
48,141
Restricted funds
Lifehouse Project
ACTS 435
Car Park Fund
Transforming Mission
Diocese Salary
Contribution
{150,0001
139
567
3,272
1,430,371
117,095)
14281
1,262,848
139
597
11021
30
13,3741
47,673
49,876
2,203
Total restrlcted funds
1146,0221
1,474,700
166,971)
1,775
1,263,482
Total funds
94,160
1,535,292
129,509
1,311,623
Page 27

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
Balance at
31
December
2023
Balance at
1 January
2023
Incoming Resources
resources
expended
Transfers
Unrestricted funds
General
General funds
60,664
70,471
160,011}
120,7561
50,368
DesiTgnated
Fabric Fund
1,448
46
1,494
Total unrestrlcted funds
62,112
70,517
160,011}
120,7561
51,862
Restricted
Lifehouse Project
ACTS 435
Car Park Fund
Transforming Mission
{132,4031
139
549
843
37
137,889)
20,255
1150,0001
139
567
3,272
18
78,695
176,767)
501
Total restricted funds
(130,872
78,750
114,656}
20.756
1146,022
Total funds
168,7601
149,267
1174,667)
194,1601
The specific purposes for which the funds are to be applied are as follows..
Lifehouse Project - work conducted to provide a safe and supportive space lo the local and wider
community.
Tfftnsforming Mission
work conducted to widen the church's reach. The negative balance on the
fund is a pension creditor due on project specific salaries. It will be funded with a transfer from
unreslricled funds when paid.
Car Park fund - monies held to upkeep the church car park.
Transfers have been made lo cover eX￿s$ expenditure on reslricled funds.
Page 28

The Parochial Church Council of the Parish of All Saints
Highertown and Baldhu
Notes to the Financial Statements
Year Ended 31 December 2024 (continued)
19 Analysls of net assets between funds
Total funds
at31
December
2024
Unrestricted funds
General
Designated
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
432,565
1,013,075
132,1581
1150,0001
1,263,482
432,565
1,075,345
146,2871
1150,0001
1,311,623
60,696
{14,1291
1,574
Total nel assets
46,567
1,574
Total funds
at31
December
2023
Unrestricted funds
General
Designated
Restricted
funds
Current assets
Current liabilities
Creditors over 1 year
54,734
14,3661
1,494
4,080
11021
{150,0001
146,022
60,308
14,4681
1150,0001
94,160
Total nel assets
50,368
20 Analysls of net funds
At31
December
2024
At 1 January
2024
Financing
cash flows
Cash at bank and in hand
56,632
518,704
575,336
Net debt
56,632
518,704
575,336
21 Related party transactions
During the year the charity made th8 following related party transactions..
Trustees
Unconditional donations were received in the year from two Iruslees totalling £86412023.. £1,134). At
the balance sheet date the amount due tolfrom Trustees was £Nil12023 - £Nil).
Page 29