Charity Registration Number 1186276 Parochial Church Council of All Sainls. Church, Mudeford Annual Report and Financial Statements For the Year ended 31 st December 2024
Parochial Church Council of All Sainls. Church, Mudeford Contenls Page Reference and Administrative Details Statement ol Trustees, Responsibilities Independent Examiner's ReFXJrt Statement ol Financid Activities Balance Sheet Notes lo the Financial Statements 6-14
Parochial Church Council of All Saints. Church, Mudeford Reference and Administrative Delails Trustees Anthea Bell Paul Clifford Sdly Clifford Christina Culler Rona Duncan Anthony Eden Judy Eden All Green Christine Green Marion Hart IResigned 07.04.20241 Veronica Miller (Resigned 07.04.20241 Peter Neale Margaret Raine Ann Smith (Resigned 30.11.20241 John Smith Paul Smith IResigned 30.11.20241 Mary Thomas John Wd (Appointed 11.09.20241 Valerie Young Principal Off ice All Sairrts. Church 95 Mudelord Christchurch BH23 3HS Charity Registration 1186276 Gill Aid Registration XR36592 Examiner Sue Wintle FMMT 27 Bascott Road Bournèmouth BH118RJ
The Parochial Church Council of the Ecclesiastical Parish of Mudetord STATEMENT OF THE TRUSTEES. RESPONSIBILITIES For Ihe Year ended 31 December 2024 CHARITY STATUS All Saints, Church became a Registered Charity on Ihe 11 November 2019 whereby fixed assets were transferred at their net book value as al 10 November, and current assets and liabilities were transferred al their balance sheet value on this date. RISK ASSESSMENT AND MANAGEMEI The PCC has reviewed the likelihood of any risks to which All Saints. Church might be exposed covering areas such as.. Building security People safety Disability access Child protection The risks which have been documented are subjecl lo regular review by the PCC. CONCLUSION All Saints, Church is a"Living Church" serving both the needs ol the regular congregation and the wider community of the Parish ol Mudelord and Somerford. Future growth, both spiritual and numerical, depends up)n a prayerful relationship with God and An involved and caring congregation Financial stability A Biblically based wsion for the future STATEMENT OF THE RESPONSIBILITIES OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL Law applicable lo charities in England and Wales requires the members ol the PCC to prepare Financial Statements lor each financial year which gives a true and lair view of the charity's financial activitie5 during the year and of ils financial position at the end ol the year. In preparing financial statements giving a Irue and fair view, the members ol Ihe PCC should follow best practice and.. Select suitable accounting policies arKI then apply them consislenlly. Make judgements and eslimales Ihat are reasonable and prudent. Slate whether applicable accounting standards and statements ol recommended practice have been followed, subject lo any departure disclosed and explained in the Financial Slalements. Prepare the Financial Statements on the going basis unless it is inappropriate to presume that the charity will continue in business. The members of the PCC are resp)nsible lor keeping accounting records which disclose wth reasonable accuracy the financial wsition of the charity and which enable them to ascertain the financial position ol the charity and which enable them to ensure that the Financial Statements comply with applicable law and regulations. They are also responsible lor safeguarding the assets ol the Charity and hence for taking reasonable steps lor the previous and detection ol and other irregularities. Mrs Christine Green Church Warde
The Parochial Church Council of the Ecclesiastical Parlsh of Mudetord Independent Examinerfs Report to the trust$ For the Year ended 31st December 2024 The rewrt on the a¢¢ounts ol the PCC for the year ended 31 December 2024 whh are sel oul on pages 4- 14 Respe¢tlve responslbililies of TTUStees and Examlner The ITUStees are responsible lor the preparation ol the accounts. The trustees Conser Ihai an audit ts not required for this year under section 14412} of th8 Charities Act 2011 (the 2011 Actl and that an independent examination is needed. It is my responsibility to-. Examine the accounts urnler sectb)n 145 of the 2011 Act: To follow the procedures laid down in the General Dir110nS given by the Charity Commission under seclDn 14515}Ibl of the 2011 Act". 8rKI To slate whether matters have ¢ome lo my attenlhjn. Basis ol independent examlner's report IAY examination was earTied out in accordance with Ihe General Directions gNen by the Charity Commission. An oxaminalion includes a review ol the accounb.ng records kept by the charity and a comparison ol the accounts presented wtth those records. It 80 includes consideratson of any unusud items or disclosures in the accounts and seeking explanations from you as Injslees conceming any such matters. The procedures undertaken do not proVe all the eviden that woukl bg required in an audit. and consequently no opinion is given as lo whether the accounts present a Irue aNI wr vithrf and the rep)rt is limited to those matters set out in the next statement. 1rrf1epent Examins statement In connection with my examination, no matter has to my attenn. 11} which gives me reasonat4e Cause to beIve Ihat in any maleiial respect the roquirements.. To keep accounting records in accordartce with secbon130 of the 2011 Act: aThJ To prepare accounts which accord *ryth the ac(xJuntirrfJ records and CoMY with the accounting requiremenls ol the 2011 Act. Have not been met or 121 to which, in my opinK>n, attentIn should be drawn in order to enaNe a proper ullderstanding ol the accounts to be reached. Date 13 P-f-. . ZP2 Sue Winlle FMAAT Indewndent Examiner 27 Bascott Road Bournemouth BH118RJ
Parochial Church Council ol All Saints. Church. Mudeford Statement of Flnanclal Actlvlties For the Year Ended 31st December 2024 In¢om¢ ond Endowments from Note Unrestricted Designated Restricted 2024 2023 Donations and Legacies Charitable Activities Missionary Social Events Other Income Trading Income Insurance Claim Investment Income Total 69,135 3,163 70,748 28,417 168,300 3,163 1,847 8,868 908 1,894 125,067 3,087 3,601 7,820 1,847 7,612 908 1.894 1.256 5,258 98,016 5,315 248,165 10,352 93,064 1,705 73.709 12,057 197,037 Expendlture on Administration Building Church Running Common Mission Fund Fire Damagg Fund Raising Missionary Total 10 11 12 13 14 15 16 17 15,793 2,067 2.662 52,531 71,461 1,242 4.985 150,741 15,795 2,207 2,662 52,531 140,740 1,242 6,917 222,094 25,498 2,148 4,163 54,819 76,234 257 6,937 170,057 140 69,279 1,932 2.072 69.281 N¢1 In¢omollExp9ndlturo} {57.677) 4,428 28,192 125,0571 78,107 Transfers Funds In Funds Out 365.928 755,050 134,785 1,255,764 1362,5691 1614.7601 1278.4341 11.255,7641 Fund Movement 154.3191 144.718 1115,4561 125,0571 78,107 Gain on Investment 404 Net m0Ment In Funds 154,3191 144,718 1115.4561 125,0571 78,511 Reconciliation ol Funds Total fund5 brought forward 173,678 117,507 293,653 215,142 Total funds carried forward 119.359 147,186 2.051 268,596 293,653
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The Parochial Church Council of the Ecclesiastical Parish of Mudeford NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 st December 2024 PRESENTATION OF FINANCIAL DATA The details of social functions and missionary giving accounls for this [lod have been included for information only and do not form part of the PCC ol Mudeford Financial Statements. ACCOUNTING POLICIES The Financial Statements have been prepared in accordance wth Church Accounting Regulations together with applicable accounting standards and Charity Commission Statement of Flecommended Practice ISORPI. FUNDS al Unreslricled funds represent funds which are not subjecl to specific restrictions as regards their use. bl Reslricled funds represent funds which are subject to specific restrictions as regards their use. ¢1 Endowment funds are funds, the capital of which rnusl be retained, only income from investments may be used as either unreslricled or reslricled funds depending on the purFX)se lor which endowment was established. INCOMING RESOURCES Voluntary Income Collections and donations are recognised when received. Planned giving receivable under gift aid donations is recognised when received. Income tax recoverable on gift aid donalions is accounted for wihin the accounting year lo which the gift is attributed. Legacies are accourrted for as soon as legal enlrtlement is notified and the ultimate receipt is reasonably certain. Funds raised by social aclivrties and other fund-raising everrts are accounted for on a gross basis. Other ordinary income is accounted for in the year to which il relates. Income from Inve$tment$ Dividend income is accounted for when receivable. Bank deposit interest is accounted for on an accrual basis. RESOURCES EXPENDED Grants Grants or donalions are accounted lor when payable. Activities directly related lo the work of the Church The Diocesan Parish share is accounted for when due. FIXED ASSETS Beneficed Property The beneliced propety of All Saints Church is excluded Irom the Financial Slalemenls by s.10121 of the Charilies Act 2012 Flxtures and Flttlngs All expenditure repairs and renewals are written off in the year in which il is incurred. Cost of new equipment with a value in excess of £1,000 is capitalised and recorded as fixed assets and depreciated over a period of live years.
The Parochial Church Council of the Ecclesiastical Parish of Mudeford REPORT For the Year Ended 31st December 2024 FINANCIAL ACTIVITIES AND AFFAIRS The financial results covering the year ended 31st December 2024 are contained in the following pages. The basis ol presentation ol financial dala and information covering Ihe year ended 31 st December 2024 is detailed in the notes to the Financial Statements. The total funds as at 31 December 2024 stand at £268,596 TAXATION The Parish of Mudeford enjoys Charitable status for laxation purposes and is thereby exempl from Corporation Tax either on ils income or capital surpluses. GRANTS AND DONATIONS Grants and donations totalling £6,917 were paid out during the financial peri¢xl.. Of the lolal of £6,917, grants of £4,985 were made from funds over which the PCC had discretion.. Other donations lotalling £1,932 originated from special collections and were not granted at the discretion of the PCC RESERVES POLICY Level ot Reserves The All Saints, Church reserves at 31" December 2024 lolalled £268,595. Of that.amounl t147,186 are designated funds lor the rebuild, being net of the sum owed to insurers. Pollcy The policy of the PCC is lo maintain unrestricted reseryes, which are free resetves al a level that equates lo a minimum 016 months unreslricled expenditure. This should provide sutticienl funds lo cover ongoing charitable exFendilure including Ihe parish share payable to the Diocese. Coverage Our annual unreslricled expenditure less the ontroff PTtor year adjuslmenl Inole141 was £79,280. 6 months would equate lo £39,640. Unreslricled reserve funds al year end were £119.359 providing cover over 3 limes our policy. Maintenan¢e of Reserves The reserve balance which is subject to regular review by Ihe PCC is primarily maintained to generate an annual revenue income from interest and dividends of £12.057 such income being required in the meeting ol resources expended. The currently adopted rK)licy of generating required income lor operation purposes does not preclude the PCC from the incurring ol expendilure from reserves. Arrangements for Monitoring and Review The PCC which meets every month adopts a financial lyjdgetary monitoring process, The prime purpose of which is lo highlight major variances from budget. An integral part of that monitoring process is the review of reserves and related policy.
The Parochial Church Council ot the Ecclesiastical Parish ol Mudeford FIRE DAMAGE REPORT For the Year Ended 31 December 2024 14 The plans for the rebuild and improvement of the church and community hub have gathered momentum in 2024, with public consultalion completed and the BCP council giving full planning permission with additionally a faculty from our Diocese obtained. The Ecclesiastical insurance company have continued to SUPFX)rt us well and they will cover the like lor like rebuild costs. They have also funded both our insured and non-insLJred Costs in 2024. At the year-end they had funded the latter lo the extent of £55.010. This sum we are shortly to repay. This sum represents professional costs al this stage of the project. This sum is held within our credrtors. Further the insurance company had previously settled a contents claim to the value of £51,099 being lor our organ and piano. This sum is held as an insurance accrual ralher than income pending the decision lo commit this money. The church is keen lo lake the rebuild opportunty lo improve ihe facilities. Improvements include accessibility lor all, with a new sloped entrance and easy awss throughout the building, with a new lift. The appearance inside will be much lighter with increased and more flexible space. lor the community. The improvements were costed at c£1.100.000. Towards the improvement funding required, we initially designated £106,000 from our limited savings including legacies and launched a church members appeal, where we raised in excess of £63,000. AI the year-end our balance sheet includes increased designated funds lor the improvements of £147,186 nel of the sum owed to insurers ol £55,010. We have identified further significant savings from our build and Contents insurance cover to help us meet ihe improvement costs. We have engaged a professional fundraising firm lo help us raise funds for the remaining shortfall for these improvements ol c £350,000. Their costs for the year total £11.208. Our professional fundraiser has helped us to approach a nLJmber of Charitable trusts and during 2024 we received one pledge lor £50,000 and have a number ol others outstanding that we hope to receive positive approvals for in 2025. The above-menlioned project cost figures on which our current shortfall target is based, will be revised in the New Year when we have the results available of our building tender process. Our income and expenditUTe lor the rebuild showed in summary, income of £73,709 mainly from our members appeal donations and fundraising events and expenditure of £69,281 mainly non-insured professional lees but excluding the prior year adjustment. Prior Year Ad-ustment In the Period lo 3111212023 the sum of £71,461 was paid lo the church by the insurers but Irealed as income rather than as a creditor. An adjustmenl was made in the year lo 2024 as a deduction from income and recognised in these accounts as a creditor.
Parochial Church Council of All Saints. Church. IAudeford Balance Sheet Notes As at 31 st l)ecember 2024 Note 18 Tangible Fixed Assets Church Office Equlpmtrnt Equlpment 1.815 11,5351 Total Cost Accumulative Depreeiation NBV 31.12.2023 Depreciation this year NBV 31.12.2024 1,815 (1,5351 280 12801 12801 19 Intsnglble Flxe(l A$8¢t DBF Income Shares Valuation 01.01.20¥J Account closed Gain ILossl on Investment Valuation 31.12.2024 2024 4,702 (4,7021 23 4,298 404 4,702 Debtors Collection Dividend Gift Aid Tax HMRG Prepayrnents Recharges Sumup Rebuild 70 2,095 231 99 115 1,398 834 197 583 245 3,257 2,610 21 Creditors . amounts falling due within the JEar Accruals Creditor Diocese Fee Insurance Accrual InsLJrance Advance Magazine Advertising & Subscriptions 9,781 150 1641 62 51,099 47,606 623 109,259 697 2,400
Parochial Church Council of All Saints. Church. Mudeford Balance Sheet Notes Contlnued As at 31st Decernber 2024 Fund$ Fund Balances 2023 Fund Incoming Resour¢e$ Outgoing Tr•n$fers Fund Balances 2024 R•strlct8d Funds 35 Day 95 Day Be115 Christian Aid Energy Fire Fund Flower 232 32.976 12321 132,9761 11001 100 417 14171 11401 1,652 13,910 449 1,512 113.9101 14491 11861 {1,3291 Mission Pot Organ Outreach Piano Rebuild Simms Funeral Music Acti 207 48,000 50,000 3.099 1.661 539 148,0001 150,0001 13,0991 128,0001 1901 (2,0721 1176,8571 28.000 90 117.507 63.472 2,051 Design•te Mortirner Ricardo Rebuild 2.468 12,4681 175,967 173.499 40.500 169,2811 {69.2811 147,186 147.186 G¥ner81 Fund 173.678 293.653 93,064 197.037 1150,7411 1222,0941 3,358 119,359 268,596 Independent Examlners Renumeratlon 2024 2023 Examination ol the financial staternents 420 410 Employe8 Costs Pension Salaries 210 6,795 7,005 496 12.411 12.907 Commitments There were no charitable commitments as at 31 st December 2024 10
Parochial Church Council of All Saints. Church, Mudeford Staternent of Financial Activities Analysis of Income lor Ihe Year Ended 31st December 2024 INCOME AND ENDOWMENTS FROM Donations and Legacies CAF & Stewardship Collections Donations Donations Rebuild Envelopes Gift Aid Tax Gift Day Legacies Regular Giwng Sumup Unrestricted Designated Reslrictgd 3,500 3,737 1,500 2024 3,500 3,737 1,917 61,263 3,310 18,798 2023 3,280 5,285 5,484 923 4,810 11,597 7,626 50,500 35,546 417 61,263 3,310 9,313 9,485 11,633 36,095 47 69,135 28,000 39,633 36,095 47 168,300 70,748 28,417 125,067 Charitable Activities Art Club Book Club Cameo Collee Momings Fees Funerals and Weddings Little Saints Little Stars Mainly Men Messy Church 776 72 75 917 195 776 72 75 917 195 344 388 789 78 1,064 80 310 292 77 398 3,087 396 3.163 396 3,163 Missionary Children's Society Christian Aid Foodbank 35 365 155 186 1,661 186 1,661 Mission Pot RNLI 2,929 117 3,601 1,847 1,847 Social Events Beetle Drive Christmas Far Coronation Tea Film Evening Hidden Treasure Mike Andrews Talk Mudelord Arts Festival Pancake Film Night Quiz Night Skillles Summer Fair Ukelele Evening 209 1,655 209 1,655 251 1,775 205 355 10 355 10 1,256 3,326 185 1,256 3,326 185 3,243 146 316 401 1,483 483 1,389 1,389 7.612 8,868 7,820
Parochlal chUh Councll of All Salnts. Church. Mudeford Statement ol Financial Activities Analysis ol Income lor Ihe Year Ended 31s1 December 2024 INCOME AND ENDOWMENTS Continued unstrIcted Deslgnated Restrlcted 2024 2023 Other Income Parish Recharges 908 Art Auction Calendars, Christmas Cards and Notelets Magazine Advertising Magazine Sales 2,927 915 720 697 349 807 738 1,894 349 807 738 1,894 Insurance Clalm Investments Dividends Interest Interest Rebuild 8,665 1,687 8,665 1,687 1,705 12,057 2,223 3,092 1,705 1,705 10.352 5,315 Total Income and Endowrnents 93,064 73,709 30,264 197,036 248,165 EXPENDuRE ON CHAR BALE ACTIVITIES Administration Costs Accountant Admin Salary Bank Charges Bookkeeping Children Worter Expenses Clergy Expenses Donation Depreciation High Cross Joint Council 420 1,365 415 1,327 338 1,083 420 1,365 417 1,327 338 1,083 410 435 960 607 2,104 500 363 2,400 872 675 280 2,400 56 661 280 2,400 56 661 344 210 1,198 5,430 235 32 Licenses Ollice and Admin Pension Printing Salary Children Worker Subscriptions Sundry Expenses T&lephone Training 210 1,198 5,430 235 32 496 2,062 12,411 192 1,012 25,498 10 15.793 15,795 12
Parochi81 Church Council of All Saints. Church. Mudeford Statement of Financial Activities Analysis of Income for the Year Ended 31st December 2024 EXPENDITURE ON CHARITBALE ACTIVITIES Contlnued Unrestrfd Designated Restricted 2024 2023 Building Heat, Light and Water Insurance 120 1.947 2,067 140 260 1,947 2,207 273 1,875 2,148 11 140 Church Running Costs Children's Ministry Christmas Messy Church Organist Relreshmenls Service Expttnses Social Expenses 1,110 169 1,110 169 1,046 256 97 2,060 330 950 414 18 950 414 18 374 4,163 12 2.662 2,662 Common Misslon Fund 13 52.531 52,531 54,819 Rebuild Insurance Claim Fund Raising Non Insurance Claim Prior Year Adjuslmenl Premises Rentals 3,070 11,208 48.240 3,070 11,208 48,240 71,461 6,761 140,740 58,782 11,348 14 71,461 6,761 69,279 6,104 76,234 71.461 Fund Raising Expenses 15 1,242 1,242 257 13
Parochi81 Church Council of All Saints. Church. Mudeford Statement of Financial Activities Analysis of Income for the Year Ended 31st December 2024 EXPENDITURE ON CHAR ABLE ACTIVITIES Continued Missionary and Charities Alzheimer's Bible Society Christian Aid CMS Dorset Air Ambulance Earthquake Food Bank House of Joy Julia & Dora House Julia's House Kinkiiki MAF Mcmillan Mission Africa RNLI Shoe Box USPG Without Borders Unrestrfd Designated Restricted 300 2024 2023 300 500 917 500 300 300 300 665 500 300 1,200 455 500 500 500 173 500 300 744 500 500 500 500 500 50 300 225 500 500 500 300 300 500 450 500 75 300 500 117 300 300 500 500 6,917 500 437 4.985 500 300 6,937 63 1,932 16 Total Charitable Activities 17 150,741 69,281 2,072 222,094 170,057 14