Charity Registration No. 1184551
The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Trustees’ Report and financial statements For the year ended 31 December 2024
The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Contents
| Page | |
|---|---|
| Trustees’ and charity information | 1 |
| Trustees’ report | 2 |
| Independent examiner’s report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Trustees’ and charity information
Full Name
The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s Aspley (Nottingham)
Registered Charity Number - 1184551
Principle Address
St Margaret’s Church, Aspley Lane, Nottingham NG8 5GE
Trustees
Revd Rich Atkinson Ian Ridley – warden appointed 19/5/2024 Thomas Clifford warden appointed 19/5/2024 Ian Shipley – resigned 19/5/2024 Karen Shipley – resigned 19/5/2024 Christine Willis – Secretary/Treasurer David Adcock – resigned 19/5/2024 Helen Ballinger Pam Bartlett Alan Finch Andy Pearson
John Wilmshurst Shahid Javid Rev Emmaline Walford Neil Thompson Peter Fox – resigned 19/5/2024 Revd Laura Ward Revd Dan Bishop – resigned 31/03/2024 Revd Jamie Price – appointed 31/03/2024 Carolyn Smith – appointed 19/5/2024 Patricia Sands – appointed 19/5/2024
Bankers
Lloyds Bank, PO Box 1000, Andover BX1 1LT (Parliament Street Branch Nottingham).
Independent Examiner
McJoy Nkhoma (Honorary Independent Examiner)
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Trustees’ report For the year ended 31 December 2024
The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024.
Legal status and constitution
The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham, also known as St Margaret’s PCC, is an unincorporated charity governed by the PCC (powers) measure 1956 and the Church of England representation rules. It was registered with the Charities Commission on 23 July 2019 and its registration number is 1184551.
Achievements and financial review
The charity generated income of £131,771 (2023: £236,949) during the year, income from planned giving increased on previous years but lettings were reduced due to issues with hall heating. Additional funds, both grants and donations in the previous year for the purpose of creating new accessible toilet facilities were not repeated this year but part of the expenditure for this appears in 2024.
Total expenditure was £159,210 (2023: £282,092) and of this total £121,131 (2023: £137,699) was spent from unrestricted funds on the ordinary activities of the church and £38,079 (2023: £144,393) was spent from restricted funds, this year this was predominantly on the building works discussed above.
At the year end the charity held unrestricted reserves of £33,159 (2023: £34,268).
Structure, governance and management
The activity of the PCC is governed by the PCC (powers) measure 1956 and the Church of England representation rules.
All PCC members are trustees. PCC members are elected according to church representation rules of the Church of England (PCC measures 1956). They are recruited by election carried out under church representation guidelines. Those eligible for voting are on the Electoral Roll of the Parish of St Margaret’s Aspley. The number of trustees elected is calculated based on the size of Electoral Roll. All Trustees are required to complete and sign a fit and proper persons’ declaration.
In planning the activities of the charity, the Trustees have given due regard to the Charity Commission’s guidance on public benefit. The Trustees believe that the activities of the charity in the period confirm its ability to provide current and on-going benefit to the public.
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Trustees’ report (continued) For the year ended 31 December 2024
Objectives and Activities
The PCC of St Margaret’s Aspley Mission Statement is “Contending for revival”.
Summary of the main activities undertaken for the public benefit
The activities of the PCC are those of the Church of England, namely: (1) proclaiming the Good News of the Kingdom, through Christian witness; (2) seeking to transform unjust structures in society; (3) seeking to safeguard the integrity of all creation.
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We engage with the local community through worship, mission, pastoral care and social activities.
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We offer use of our halls and buildings to community groups.
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Our church is open during the week to support different age groups in a variety of activities together with worship for all ages on a Sunday.
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We seek to support those in need both physically and mentally.
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We offer pastoral services such as baptisms, weddings, funerals.
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We are funded by donations, grants and fundraising.
Summary of main achievements during the period
Our Parish comprises of the Church and 2 Church Halls
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Number on Electoral Roll as at 19 May 2024 – 124
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Live services performed throughout the year including You Tube links.
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Special services held: 12 Baptisms; 4 Weddings/Wedding Blessings; 8 Funerals.
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Our church is regularly open for visitors.
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We collect foodstuffs for our foodbank (part of the Hope Nottingham franchise).
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We supported local and international charities through charitable giving.
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We hold regular courses promoting Christian values which are open to all.
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We now hold a weekly Community Café within the church with mentoring, debt advice and citizen’s advice services alongside.
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Trustees’ report (continued) For the year ended 31 December 2024
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, applicable accounting regulations, and the provisions of the governing document. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserves policy
The trustees have a policy of maintaining unrestricted reserves at a minimum equal to 3 months expenditure, unrestricted reserves are short of this target by around £3,204.
Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been, or will be, established to enable the necessary steps to be taken to lessen these risks. There is always a risk that income from regular giving can fall if members sadly die or move out of the Parish. The PCC tries to ensure that sufficient funds are left in reserve for upkeep of the three buildings in the Parish. We might be financially challenged should unavoidable multiple major repairs be needed all at the same time.
Signed on behalf of the Board of Trustees’ on 11[th] May 2025.
........................................... Chris Willis Trustee
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Independent examiner’s report to the trustees For the year ended 31 December 2024
I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham (the Charity) for the period ended 31 December 2024.
Respective responsibilities of the PCC
The PCC of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Respective responsibilities of the Examiner
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Signed: Date: 2[nd] April 2025
McJoy C Nkhoma FCCA, FMAAT, CIPFA Dip (Honorary Independent Examiner)
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Statement of financial activities For the year ended 31 December 2024
| Note Income from Voluntary Income 2/5 Activities for generating funds 2 Income from investments 2 Church activities 2 Total Income Expenditure on Raising funds Church activities 3 Total expenditure Movement between funds Net income and net movement in funds Total funds brought forward Total funds carried forward 11 |
Unrestricted funds £ 94,377 16,748 - 1,975 113,100 - 121,131 121,131 6,922 (1,109 ) 34,268 33,159 |
Restricted funds £ 13,799 515 217 4,140 18,671 - 38,079 38,079 (6,922 ) (26,330 ) 45,203 18,873 |
TOTAL 2024 TOTAL 2023 £ £ 108,176 206,686 17,263 23,489 217 741 6,115 6,033 131,771 236,949 - 159,210 282,092 159,210 282,092 - - (27,439 ) (45,143 ) 79,471 124,614 52,032 79,471 |
|---|---|---|---|
The notes on pages 8 to 15 form part of these financial statements.
The statement of financial activities contains all recognised gains and losses for the financial year.
The results for the year all relate to continuing activities.
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Balance sheet As at 31 December 2024
| Note Fixed assets Hall fixtures and fittings Office equipment 6 Current assets Debtors 7 Cash at bank and in hand Current liabilities Creditors: amounts falling due within on year 8 Net current assets Net assets Funds Restricted funds Unrestricted funds Total funds |
£ £ £ £ 9,458 3,052 2,077 2,769 11,535 5,821 7,594 5,758 39,349 109,168 46,943 114,926 6,446 41,276 40,497 73,650 52,032 79,471 18,873 45,203 33,159 34,268 52,032 79,471 2024 2023 |
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Approved by the Board of Trustees on 11[th] May 2025 and signed on its behalf by:
...........................................
Chris Willis Trustee
The notes on pages 8 to 15 form part of these financial statements
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024
1. Principal accounting policies
1.1
Accounting convention
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Advantage has been taken of the exemption for charities with income less than £500,000 from preparing a cash flow statement under SORP (FRS 102) Update Bulletin 1 (issued February 2016).
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
1.2 Fixed Assets
Consecrated Land and buildings and moveable church furnishings
Consecrated and benefice property of any kind is excluded from the accounts by Section 10(2)(a) and (c) of the Charities Act 2011.
No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement is written off as incurred.
Equipment and other fixtures and fittings
Equipment used for church purposes is depreciated on a reducing balance basis at 25% per year. Individual items of equipment with a purchase price of £1,000 or less are written off in the period in which the asset is acquired.
1.3 Income
Donation income is recognised in the year in which the charity is entitled to receipt and the amount can be measured with reasonable certainty.
Trading income, including sponsorship income, is recognised when the charity is entitled to receipt and the amount can be measured with reasonable certainty.
Grant income is recognised on receipt unless it is granted subject to performance criteria, where performance criteria exist it is deferred until those criteria have been met.
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024 (continued)
1. Principal accounting policies
(continued)
1.4 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 settlement will be required and the amount of the obligation can be measured reliably.
All costs can be directly attributed to an expense category.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the constitution. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.5 Taxation
The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham is a registered charity and is not liable to United Kingdom income tax or corporation tax on its charitable activities.
1.6 Funds
Restricted funds represent voluntary income or grants which have been received for the purposes set out in note 9. The application of these funds is restricted by the expressed wishes of the donor or the terms of the grant.
Unrestricted funds are donations and other income receivable or generated for the objects of the charity without specified purpose.
1.7 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. The charity does not currently have any bank loans.
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements
For the year ended 31 December 2024 (continued)
| 2. Income (a) Voluntary Income Planned giving: Covenants and pledges Tax recoverable Other Collections Grants (note 5) (b) Activities for generating funds Lettings Feed-in tariff Fundraising activites (c) Income from Investments Bank interest (d) Income from church activities Church fees Church events TOTAL INCOME |
Unrestricted funds £ 64,719 14,657 8,716 6,285 - 94,377 15,472 1,276 - 16,748 - - 1,975 - 1,975 113,100 |
Restricted funds £ - 797 6,302 - 6,700 13,799 - - 515 515 217 217 - 4,140 4,140 18,671 |
TOTAL 2024 Total 2023 £ £ 64,719 63,674 15,454 19,224 15,018 34,838 - 6,285 5,960 - 6,700 82,990 108,176 206,686 15,472 20,859 1,276 2,270 515 360 17,263 23,489 217 741 217 741 1,975 1,548 4,140 4,485 6,115 6,033 131,771 236,949 |
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024 (continued)
| 3. Expenditure (a) Church activities Mission giving Mission & evangelism Parish Share Joint Church Council Staff Costs Clergy & staff expenses Church running costs: Utilities Maintenance Office facilities Depreciation Church improvements TOTAL EXPENDITURE |
Unrestricted funds £ - 5,067 37,536 20,004 8,317 3,300 24,373 11,587 9,233 1,714 - 121,131 |
Restricted funds £ 1,512 7,777 64 488 2 28,236 38,079 |
Total 2024 Total 2023 £ £ 1,512 1,386 12,844 13,311 37,536 36,259 20,004 30,000 8,317 24,147 3,364 4,031 24,861 18,173 11,587 9,028 9,235 10,114 1,714 557 28,236 135,086 159,210 282,092 |
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During the year significant improvement works were undertaken to the church building to create new toilet facilities including an accessible toilet. As per the church policy on work to consecrated buildings this work is written off as incurred.
4. Staff Costs
| Wages and salaries Employment taxes Pension costs Average no. of employees |
2024 2023 £ £ 8,293 24,123 - - 24 24 8,317 24,147 3 3 |
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During the year the PCC employed a verger and two duty caretakers. The trustees are considered to be the key management personnel of the charity. No trustee expenses were reimbursed during the year (2023: £nil). No trustee received any remuneration during the year.
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024 (continued)
| 5. Grants received Church Revitalisation Trust Scripture Union Lady Hind Woven Joint Church Council SDF Grant Anonymous Benefact Trust Nottingham City Mission Church Revitalisation Trust Bernard Sulley Foundation National Grid Diocesan Energy Grant |
2024 Unrestricted £ 2023 Unrestricted £ 5750 5,750 |
2024 2024 Restricted TOTAL £ £ 2,183 2,183 500 500 3,500 3,500 517 517 6,700 6,700 2023 2023 Restricted TOTAL £ £ 40,000 40,000 10,000 10,000 5,100 5,100 300 300 1,840 1,840 10,000 10,000 10,000 10,000 - 5,750 77,240 82,990 |
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024 (continued)
6. Tangible Fixed Assets
| Cost At 31 December 2023 Additions Disposal As at 31 December 2024 Depreciation At 31 December 2023 Charge for the year Disposal As at 31 December 2024 Net book value At 31 December 2023 As at 31 December 2024 |
Fixtures £ 3,078 7,428 - 10,506 26 1,022 - 1,048 3,052 9,458 |
Equipment Total £ 3,300 6,378 - 7,428 - - 3,300 13,806 531 557 692 1,714 - - 1,223 2,271 2,769 5,821 2,077 11,535 |
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While the PCC has a duty of care to maintain the church buildings and land they are not owned by the PCC and have therefore not been included in these accounts as heritage assets.
7. Debtors
| Accounts receivable Prepayments and other debtors Gift aid receivable |
2024 2023 £ 3,154 388 757 1,079 3,683 4,291 7,594 5,758 |
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8. Creditors: amounts falling due within one year
| Accounts payable Accruals PAYE |
2024 2023 £ £ 1,515 5,457 4,623 35,819 308 - 6,446 41,276 |
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024 (continued)
| 9. Restricted funds Mission Fund: Community Café Mission Fund: Food Bank Mission Fund: Growing Disciples Building Fund Security Funds Other After School Church Focus National Grid Spring Harvest Summer Sports Staff Wellbeing Mission Fund: Community Café Mission Fund: Food Bank Mission Fund: Growing Disciples Building Fund Security Funds Other After School Church Focus National Grid Spring Harvest Staff Wellbeing |
Balance at 31 December 2023 £ 2,179 - 440 32,367 700 52 256 568 6,922 - - 1,719 |
Income £ 4,017 1,588 - 5,439 - 804 - 2,558 - 3,765 500 - |
Expenditure £ 936 1,120 440 28,235 595 238 2,398 - 3,765 247 105 |
Transfer out Balance at 31 December 2024 £ £ - 5,260 - 468 - - - 9,571 - 700 - 261 - 18 - 728 6,922 - - - - 253 - 1,614 6,922 18,873 Transfer out Balance at 31 December 2023 £ £ - 2,179 - - - 440 - 32,367 - 700 - 52 - 256 - 568 3,078 6,922 - - - 1,719 3,078 45,203 |
|---|---|---|---|---|
| 45,203 | 18,671 | 38,079 | ||
| Balance at 31 December 2022 £ 3,004 207 474 71,608 700 280 |
Income £ - 1,512 - 95,854 - 410 500 1,960 10,000 4,365 1,800 |
Expenditure £ 825 1,719 34 135,095 - 638 244 1,392 - 4,365 81 |
||
| 76,273 | 116,401 | 144,393 |
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The Parochial Church Council of the Ecclesiastical Parish of St Margaret’s, Aspley Nottingham
Notes to the financial statements For the year ended 31 December 2024 (continued)
10. Unrestricted funds
| General Funds Designated Funds: Coffee Morning General Funds Designated Funds: Coffee Morning Youth Salaries |
Balance at 31 December 2023 £ 30,942 3,326 |
Income £ 113,100 - |
Expenditure £ 120,996 135 |
Transfer out Balance at 31 December 2024 £ £ (6,922) 29,968 - 3,191 (6,922) 33,159 Transfer out Balance at 31 December 2023 £ £ (3,079) 30,942 - 3,326 1 - (3,078) 34,268 |
|---|---|---|---|---|
| 34,268 | 113,100 | 121,131 | ||
| Balance at 31 December 2022 £ 45,014 3,326 1 |
Income £ 120,548 - - |
Expenditure £ 137,699 - - |
||
| 48,341 | 120,548 | 137,699 |
11. Analysis of funds by net assets
| 2024: Fixed assets Net current assets 2023: Fixed assets Net current assets |
Unrestricted funds £ 11,535 21,624 33,159 Unrestricted funds £ 5,821 28,447 34,268 |
Restricted funds TOTAL Funds £ £ - 11,535 18,873 40,497 18,873 52,032 Restricted funds TOTAL Funds £ £ - 5,821 45,203 73,650 45,203 79,471 |
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12.
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