Charity registratlon number 1186540 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 HILLOSBORNE CHA4-. ERED ACCOUP4TANTS & BUSINESS ADVISERS
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS LEGAL AND ADMINISTRATIVE INFORMATION Charlty number 1186540 Indgpendent examlner Hill Osborne Tower House Parkslone Road Poole BH15 2JH
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS CONTENTS Page Trustees, report Slalernent of Iru51ees' responsbililies Independent examiners report Slalemenl of financial activities 9-10 Balance sheet 11 Notes lo the financial statemenls 12-25
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS TRUSTEES, REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees present this, their first report for the new Parish ol Four Saints. 11 covers 8 15 month period from 1 October 2023 Ilhe dale of the establishment of the new Parish) ¢0 31 December 2024. The new parish came into being with the merger of the old Parishes of Winton, Moordown and Charminsler. and Sl Francis ofAssisi. The Charity Commission agreed to the merger of Sl Francis Into the Parish of Winlon, Moofd¢)wn and Charminster and for this merged Parish to change Il's name to the Par15h of Four Saints. retaining the Charity Registration Number allocated to the Parish of Winlon. Moor<b)wn and Chamiinsler111865401. The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the finaneial statements and comply with the Churth Representation Rules, the Chanlies Act 2011 and 'Accounling and Reporting by Charilie$' Statement ol Reeommended Practice applicable lo chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 Oblectlvo8 and actlvltles The PCC'S general functions are sel out in the Paffjchi81 chUh Coun1 {Powers) M88suTr 1956. section 2. 11 shall be thè duly of the rninisler and the PCC lo eon5uIt logelher on matters ol general eoneern and importance lo the parish. The functions of the PCC ar6.. 'COperatIon with the minister li.6. the Reciorl in promoting in the parish, thè whole mission of the Church, pastoral, evangelistic, so¢i818nd ecumenical., The Chufch is called lo be pastoral- lo look after ndividual people. lo be evangelislic lo tell people the Good N8ws and invile them lo accept it", lo be social- lo help the poorer members ol sooety and those suffering from ra¢ial. economic and other forms ol iniuslice. and lo be ecumenKal- lo encourage yood relations with other Christian denominations. The PCC'$ primary objective is the promotion of the gospel of our Lord Jesus Christ according lo the doctrines and practices ol the Church ol England.. 'The consideration and discussion of matters eoneeming the Church of England or any other matl&rs ol religious or public interest. bul not the declaralion of Ihe doctrine ol the Church on any que$lion. 'Making known and putting into effect any provisions made by the Diocésan Synod or the Deanary Synod. bul without prejudice lo the powers of the council on any particular mattef.. 'Giving advice lo the Diocesan Synod and the Deanery Synod on any matter referred lo the council., 'Raising such matters as the ¢ouncil consider appropriate with the Diocesan Synod or Deanery Synod., This shows the link between the PCC, Ihe Deanery Synod and the Diocesan Synod. Each PCC has on il one or more members ol the Deanery Synod who as a link belween the Deanery Synod and the council. Public bgnerrt The Iruslees have paid due re9ard lo guidance IssL by the Charity Commission in deciding what activities the PCC should undertake.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Achlevements and performancè Financlal revlew This is the first annual, financial report for Ihe new Pansh of Four Saints. It actually covets a 75 month period from l October 2023 10 31 December 2024. As such the a no dired compansons available for the pTrvious year. as the figures shown relate to Ihe nin&monffi penod (1 January lo 30 Septèmber 2023) for Ihe Lyd Parfth oTrtrtslntorF. Moothwn and Charminsler. Overview Total income Total expenditure Annual deficit Nel increase in funds £373.774 £415.898 £42.124 £7,719 Slgnlficant items Planned Giving. as a iesutt of the June Giving Campaign the average monthly donations through PGS increased by around £500 Legacies. we receiveij four - two for £500 each. P Sleinley - £8.066 (all UnStricted) and P Sims - £6.473 Idesignated for St Luke'5 Projecti Grants." £7, 127 from DCMS (VAT on listed buildings work) plus £3.000 from the Thriving Communities Fund. Inleresvdividends pro6uced some 8°A ol our general IncoTne Common Misston Fund of £95.689 was paid In full to the Diocese The utilities bill across all our buildings totalled just under £64,000 Hire of our premises produced a net surplus of over £86.000 £27,161 was Spent on major repairlupgrade projec15. induding roof work al Sl Alban's Hall. new flooring in St Luke's and St Alban's Halls, replacement heaters in St Francis Hall and hand driers at St Luke's Hall £30,000 was withdrawn from the unrestricted Investments In December Year-end situation Deficit on "day to day" activities li.e. exduding maioilontroff pairs1- £14.963. Overall deficit for the year (excluding any changes in Investment value) £42,124 The value of our investments increased by just under £50,000 As al 31 De¢ember 2024. our unrestricied fvnds totalled £120,981, %Mth a further £29,334 held as reslricled funds and £378 554 in endowment funds. Trying lo budget for a nthy merged parish was always going to be difficult. Trying to work out wtEre Savings could be made. what (luplicalions existed was a challenge The first projection came DLrt with a deficit of some £97.000. Throughout the year we tried lo reduce Costs and increase income By July, the forecast had reduced to a £47,000 deficit. lIe not sustainable in the long lemi. we ended the year wth a £42.124 deficit. This can be split as £14,963 from day to (Jay acb'vilies and £27.161 fof oneloff ggnthcanl repair projerts. Majornsks The trustees have assessed the major risks to which the PCC is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Reserves Policy The charity has contsnued ils aim to retain a lolal of £150.000 lo cover anticipated deficits. This policy will be reviewed annually Endowment funds Extensive research was undertaken during the yeaf both by the Diocese in their records and tsirectly in the archives al the Hampshire Records Inlo Ihe endowment funds held by the old Parish of Wnlon. Moordown & Charmingler. Whilst there are various references lo "pem)anent trusts" neither of us were able to find pIeS of any old Tru81 Deeds, or information in old PCC Minutes which definitively sel out the terms ind conditions relating lo any of these endowment ftjnds. The PCC has now (February 20251 agreed lo relain the services of a Specialisl legal advisef lo help us in our efforts lo relgase these monies Asset8 r6c•lv•d from the PCC ol St Francls of Asslsl £73,372 worth of Investments (along with £17,649 In ca¥h in the bank account) were received inlo the assets of the new parish from ihe old PCC of Sl Franas, when Ihe merger look place. The Inve$tmenls are recognised in note 14 of the accoun15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Structur8, govemanco and managemgnt Parochial Church Councils were given a leg81 status for the first time under the chUh of England Assembty (Powers) Act 1919 and by the Parochial Church Councils (Powets? MeasuTr 1927. A Parochial Church Council is body corpor81e which means the PCC is a separate body from the people who serve on il and nTrone on the PCC can be made rrable for tts de Being a body corporate also mèans that a ehange in membership of the PCC does not aflecl the PCC'S liability lor ils debt¥. Each new PCC should honour the cclntfacts undertaken by the prewous PCC. )en the two parishes merged, we were obliged lo create a new Parochial Church Counol for the new lègal enlily. The Trustees listed below (unless nole¢J olhewsel served from 1 October 2023 through to the dale ol the signature of these financial slalemenls Ex.OflcS0: Churchwardens Kale Bicknell Alun Wlliams Licensed Clergy Rev'd Canon Michael Smith (Rector and Chairl Rev'd Loffaine Kingsley Rev'd Dr Rob Sawdy Rev'd Renate Tulloh lfrom 1 S April 20241 Rev'd James Sharp Rev'd Jonathan Wlliams Llcensed Lay Readers John Newt)old lunlil 9 September 20241 Pauline Collins Anoy Roberts lfrom 21 October 20241 Dean8ry Synod.. Karen Gillis Alice Kefley Michael Guest lfrom IS April 20241 Sara Fur3don Steve Bickne Viv Kingston Martin Jennings Graham Nettleron Jill Crewe (Safeguarding Officefl Lee Devaney (until 26 November 20241 Susie Darling (from 13 February 20241 Jayne Devaney (until 13 February 20241 Nina Laing MaryApperley Mavis Driver Bridgel Seve lfrom 26 November 2024) India Farrow Mike Stuckey Sheila Vivian
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS TRUSTEES, REPORT {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 R&cnJilmenl and appointment of Injslees The appointment of PCC members Is goveme¢J by and set out in the Church Representation Rules, and all church members are encouraged lo register on the Electoial Roll and stand fof ele¢lion lo the PCC. There are fifteen elected members who are elected lo serye for a period of three years. and appro>imately one- third of the elected members retire every year. ensuring both continuity and an influx of fresh ideas. Churchwardens and parish officers attend training provided by the diocese when appropriate. The Standing Committee comprises the Rector. Pioneer Ministef. chur¢hwardens and one other member of the PCC. The Standing Committee transacts the business of ihe PCC bets¥een meeting¥, often al short notice. bul Is always subject lo the direction ol Ihe PCC. Admlnlstratlve Informatlon The Parish of Four Saints Is a densely-populaled community situated on thè northom side of Bournemouth town cenlre. The four Anglican places of wshiP comprising this parish are Sl Franus ofAs¥isi Church, Charminsler. and St John the 8aplist Church. Moordown IParish thurchesl. Sl Aban'8 Church. Chafminslef and Sl Luke's Church, Winlon The parish numbers approximately 34.000 people. The Ecclesiastical Parish ol Winlon. Moordown and Charminsler ceased lo exist at midnight on 30 September 2023 as a result ol a Pa51oral Measure lo unify this parish and that of Sl Francis ol ASs1. Charmnsler that look effect from 1 October 2023. The parish 1$ within the BournemoLrth Deanery arbd Ihe Diocese of Wnchesler. Thè address for correspondence 18.. The Parish Office, Si Francis ChLsrch, Chamiinslor Rd. Boumemoulh BH8 9SH. Tho Parish is a regisleied charity. number.. 1186540. Th¢ PCC'S bank 18 Lloyd'8 Bank. The Independent examiner is. Hill Osbome. Parochial Church Council Officers who have served Irom 1 October 2023 until 31 December 2024.. Rector Ichairl Rev'd Canon Michael Smith Pioneer Minister Rev'd James Sharp Curates Rewd Df Robert Sawdy Lorraine Kingsley Associate Priest Rev'd Renale Tulloh (from 1 SApn'l 20241 Sell-supporting Minister Rev'd Jonalhan Wlliams Churchwardens Kale Bicknell Alun Wlli8ms Financial Officer Marcia Robberts PCC Secretary Vacant
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 The trustees, report was appfoved by the Board of Trustees. Reverend Canon M E Smith Chair of Trustees Dale"
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 The Iru51ees are responsible for preparing the Trustees. Report and the financial slalemenl8 in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kin9dom Generally Accepted A¢¢ounling Praclicel. The law applicable lo charities in England and Wales requires the Iruslees lo prepare financial slalemenls lor each financial year which give a true and fair view of the slate ol affairs ol the PCC and of the incoming resources and application ol r&sourc8$ ol the PCC for that Penod. In preparing these financial slalemenls, thè Iru$lees are requirèd lo.. select suitable accounting policies and then apply thom consislenlly", observe the methods and principles In the Charities SORP., make judgements and eslimales that are reasonable and prudent.. stale whether applicable accounting standards have been followed, subjèct lo any material departure8 disclosed and explained in Ihg financial slalemenls, and prepare tho financial slalemenls on the going concern basis unless il 1$ inappropriate lo presume that the charity will continue in operation. The Iruslees arè responsible lor keeping sufficient accounting rgcords Ihal disclose with rèastsnable accuracy al any lime the financial pgsilion ol the PCC and enable them lo ensure that the financial 51alements comply with the Charities Act 2011. the Charity (Accounts 8nd Reports) Re9ulations 2008 and the provisions ol thè tru51 deed. They are also responsible for safeguarding the asse19 01 the PCC and hence lor taking reasonable s16ps for th prevention and detection ol fraud and other Irregularilie8.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS I report lo the Iruslees on my examination of the financial slalemenls of The Parochial Church Council ol the Eccle8iaslic81 Parish ol Four Saints Ilhe PCCI lor the Period ended 31 December 2024. Responslbllltle8 and basls of report As the trustees of the PCC you are responsible for the preparation of the financlal slalemenls in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect ol my examination DI the Pcc's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have lo11gwed all the applicable Directions given by the Charity Commisslon under section 14515llbl of thè 2011 Aet. Independent eximlner's 8tat8ment Since thè PCC'S gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake Ihg examination because l am 8 member of ICAEW. which Is one of the listed bodies Your attenllon 18 dr8wn lo the fact that the charity has prepared financial 5talemenls in 8ecordarte with Aceounling and Reporting by Ch8rilies preparing their 8ccounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iroland IFRS 1021 in preference 10 the Aecounting and Reporting by Charilies. Slalemenl of Recommended Practy'ce issued on 1 April 2005 which Is referred ID in the 0Kt8nl regul81ions bul h88 now been withdrawn. l understand that thi$ has been done in order for financial statements lo provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods bèginning on or 8fter 1 January 2015. I have eompleled my examination. I conflrm that no matters have come lo my attention in connection with tho examination giving me cause ID believe that in any material re5pecl'. accounting records were not kept in respect of the PCC as required by section 130 of the 2011 Act., or the financial slalem&nls do not accord with those records., or the Iinancial statements do not comply with the applicable requirements concerning the form 8n¢J content of 8c¢ounls sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is not a matter considered as part ol an independent I have no concerns and have come across no other matters In connection with the examination lo which attention should be drawn in this report in order lo enable a prc)per understanding of the financial glalemenls lo be reached. LI.LCe'(I L Ball FCA Hill Osborne Chartgrgd Accountants Tower House Parkstone Road Poole 8HIS 2JH Dated.. .1.1. oz
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestricted Unrestricted Restricted Endo74¥Trent funds funds funds lunds genefal Deslgnat 2024 2024 Totsl Unreslricled Restricted Endowment fvnds funds lunds general 2023 Total 2024 2024 2024 2023 2023 2023 Notès Donations and legacies Charitable activib'es Investments Other income 144,244 199.156 16.659 267 6.473 6,975 157,692 199.156 16.659 267 63.293 82,071 10,027 12,090 15,341 78,634 82.071 10.027 12,090 Total Income 360.328 6.473 6.975 373.774 167,481 f 5.341 182.822 Raising lund$ 90,741 90.741 42.385 42,385 Chantable activrties 323.369 1,788 325.157 284.866 4.321 289,187 Total resources expend 414,110 1.788 415,898 327,251 4,321 331,572 Nel gainslllossesl on investments 11 17.648 262 31,933 49,843 7.591 7.276 14,944 Net movement in lunds 136.1361 6.473 5,449 31,933 7.719 1152,179) 11,097 7,276 1133,8061
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS STATEMENT OF FINANCIAL ACTIVITIE (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 trictqd Desigftated Restrlcted Endowmenl funds funds funds funds 2024 2024 2024 2024 Tolal UnrestrKted funds 2023 Restricted Endowment funds funds 2023 2023 Total 2024 2023 engral Net movement In funds 136.1361 6.473 5.449 31.933 7,719 1152,1791 11,097 7.276 1133,8061 Inlfoduclion ol Sl. FranS reseryes 82,542 3.884 7,212 93.638 Fund balances at 1 October 2023 64.218 16.673 346.621 521.150 216.397 5.576 339,345 581,318 Fund balances at 31 December 2024 110,624 10,357 29.334 378,554 528.869 64.218 1 16,673 346.621 427,512 The slalemenl of financial ach'wties bndudes all gain$ nd losses recognised in the Perio(l. All iro)me and expenditure derive from ntinUing a¢tivrtie$. 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flx8d assgts Tangible assets Investments 13 14 12.059 491.582 11,150 395,388 503,641 406,518 CLsrrent assèts Debtors Cash al bank and in hand 16 1.283 63.121 9.187 56.275 64,404 65,462 Credltor8'. amounts lalllng due ¥thIn one year 16 39,176 44.468 Nel current asset8 25,228 20,994 Total assèts les¥ current Ilabllltles 528.869 427.512 The lunds of th6 PCC Endowment funds Restricted income funds Unreslricled funds - general Unreslricled funds . designaiod 17 18 378.554 29.334 110.624 10.357 346,821 16.673 84.218 528.869 427.512 The financial slalemenls were approved by the Iruslees on Reverend Canon M E Smilh Trustee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Charity Informatlon -Tho Parochial Church Council of the Ecelesiaslical Parish of Four Saints is a re9lStered chaity vthich operates under the Parochial Church Couneil Powers Measure. 1.1 Reporting period The financial slalements cover a 15-month period up to 31 December 2024. A Pastoral Measure to unify this parish and that of Sl Francis of Assisi, Chamiinsler look effect from 1 October 2023. As 8 result, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. 1.2 Accountlng convgntlon The financial statements have been prepared in accordance wth the PCC'S goveming document, the Charities Act 2011 and 'Accounting and Reporting by Chanties Stslement of Recornmended Practice applicable to charitie5 prepanng their accounts in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Irel8fKJ IFRS 1021 leffectsve 1 January 20191" The PCC is a Public Benefit Entity as defined by FRS 102. The PCC ha3 taken 8dv8nt8ge ol the provisions in the SORP for ¢hars'ties-app1yu FRS 102 Uwlat&8ulletin 1 not lo prepare a Slalemenl of Cash Flows. The financ+al statements have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the extent required to provide a true and fair view. This departure has Involved following the Statement of Recommended Practice lor charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations bul which has since been withdrawn. The financial statements are prepared in sleding. whith is the ftjnctional curreng of the PCC. Monetary amounts in these financial slalernents a rounoed lo the nearest £. The financial stalenients have been prepared under the historical cost convention. modified to include the revaluation of freehold properties and to include investment propertie5 and certain finanoal inslnjmenls al lair value. The principal a¢Untsng policies adopted are set out below. Al the time of approving the finanual stslemenls. the Iruslees have a reasonable expectation that the has adequate resource5 to continue in operationa5 existence for the foreseeable fvlure. Thus the IrbEtees continue lo adopt the going concem basis of accountrng in preparing the finanaal slatemenls. 1.4 Charltable funds Unrestricted funds are available for use at the dIScli0n ol the Iruslees in ftjrtherance of their charitable objectives. Restncted funds are subject to specific conditions by donofs or grantors as lo how they may be used. The purposes and Ljses of the reslricted funds are set out in the note5 to the financial slalements. Endowment fLtnds are subject to speafic con¢Jrtions by donors that the Capital must be maintained by the pcc. 1.5 In¢omg Income is recognised when the PCC Is legally entitled to it after any performance condition5 have been met, the amounts can be measured reliably. and it is probable that income wll be received. 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting pollcles Icontlnuedl Cash donations are recognised on reeeipt. Other donations are e0gnIsed once the PCC has been nobfied ol the donation, unless perfom)ance eondilions require ¢Jeferral of the amount. Income lax recoverable In relation lo donations te1Ved under Grft or deeds of covenant Is recognised 81 the time of the donation. Legacies are reeognised on receipt or olhewse if ihe PCC has been notified of an impending dislribulion. the amount is known, and receipt is expectefj. If the amount is not knowm, the legacy Is treated as a conlingenl asset 1.8 Expgndllure Expenditure is accounted for on an accruals basis. 1.7 Tanglble flx•d a55ets Tangible fixed assets are Initially measured at cost and subsequenlly measured al cost or valuation, nel ol depreciation and any impairment105ses. Depreciation is recognised $0 as to wnto off the cost crf valuation of assets less their residual values over their useful lives on the following bas6$'. Fixtures and fitting8 Computers Audio equipment 25% reducing balance 25VA slraighl line 15% reduo'ng balance The gain w105s arising on the disposal ol an asset is dolgmiined as the difference befvleen tho $810 proceeds and the carying value of the 88sel, and Is recognisgd in the slalemenl of finanaal activi1188. 1.8 Flxed ass&t Invostments Fixed asset investments are initially mea$urg(l al transaction price excluding Iransaelion costs. and arg Subsequently measured al fair value al each reporting dale. Changes In fair value are recognised In net incomellexpendilurel for the year. Transaction costs arg oxpensed a8 incurred. 1.9 Impalrment of flxed assets Al 8a¢h reporting end dale, the PCC reviews the carrying amounts of 11$ tangible assets lo determine whether there is any Indication that those assets have suffered an impairnienl loss If any such indication exists, the recoverable amount of the asset is e5limated in order lo delemiine the extent of the impaim)enl loss lil any). 1.10 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held 81 call wlh banks, other short-lerm liquid investments with original malurilies of three months or less. and bank overdrofts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Flnancial Instruments The PCC has elected lo apply the provisions of Section 11 'Basic Finanaal Instrument5. and Section 12 '01her Financial Instruments Issues, ol FRS 102 to all of rts firbanual inslrumenls. Financial instruments are recognised in the PCC'S balance sheet when the PCC becomes paty lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset. wlh the net amounts presented in the financial stalemenls. when there Is a legally enforceable right lo set off the recognised amounts and thefe is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting pollcles Icontlnuedl Basic linanclal assets Basi¢ financial assets, which include debtors and eash and bank balances, are inrtially measured at transaction price including transaction costs and afe subsequently carried al amortt5?d cost ustng Ihe efleth've interest method unless the arrangement constitutes a financing transaction, where the Iransaclion Is measured at the present value of the future receipts discounted at a market rale ol interest Finanaal assets classified as rec8ivabl8 Wthin one year are not amortised. Baslc flnanclal Ilabilltles Basic financial liabilities. Including crellilors and bank loans are initially rewgnised al transaction price unless the arrangement conslilules a financing Iransadion, where the debt Instrument Is measured al the psent value of the future paymenis discounted al a market rate of interest Financial liabilities classified as payable within one year are not am08ed. Debt instruments ale subsequently carried at amLvlised cost. using the èffective Interest rale melhod. Trade credilors are obligations lo pay lor goods or services that have been acquired in the Ordin course ol operations from supplier$ Amounts payable are elassified as current liabilities Il payment is due within one year or less 11 not, Ihey are presented as non.current Iiabilitie5. Trade creditors are recognised initially al transaction price and SLbb8equenlly measured al amortised cost using the effeetlve Interest method. Derncognltlon of flnancial Ilabilllles Financial Iiabililies are derecogni8ed when the PCC'S contractual obligalion$ expire or are dlscharged or cancelled. 1.12 Employèe benfrflts The cost ot any unused holiday enliliemenl 18 recognised In thè penod In lch the employee's services are received. Teminalion benefits are recognised immediately as an expense when the PCC is demonstrably committed lo laminate the employment of an employee or to provide leminatn benefits. 1.13 Retlrement benellts fit schemes are char ed a5 #n expense as they fall due. Crltlcal accountlng tJtlm•te$ and Judg•m¢nts In the appliealion ol the PCC'S accounting policies. the IrLtslees are required lo make jLtdgemenls, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that ère considered to be relevant. Actual results may differ from these estimates The eslirnates and underlying assumptions are reviewed on 8n ongoing basis. Revisions lo accounting eslimales are recognised in the period In which Ihe estimate 15 revised where the revision affects cnly that perioé, or in the period of the ViSIon and future periods where the revision affects both curn1 and future periods. 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Donatlons and legacies Unrestricted Unrestricted Restricted funds lunds lunds general deslgnated 2024 2024 Totsl Unreslricted Restricted hjnds lunds general 2023 Total 2024 2024 2023 2023 Donations and gifts Legacies receivable Grants Including recurring arKI ontroff 124.761 6,975 131.736 15.539 10.417 52.381 2,341 54.722 6.473 10.417 10.912 13,000 23,912 144.244 6.473 6.975 157,692 63,293 15.341 78,634 Analysls of donatlons and gifts Pansh giving scheme Other Planned Giving Collections al Services All other Giving & Voluntary receipts Grft Aid recovered Other receipts 61.499 7.418 25.049 11,154 19.641 61.499 7.418 25.049 18.129 19.641 26.206 3.245 7.285 5.815 9,072 758 26.206 3.245 7,285 8,156 9,072 758 6,975 2,341 124.761 6,975 131.736 52.381 2,341 54,722 15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Income from charitable activlties Unrestricted funds 2024 Unrestricted funds - 2023 Weddings and funeral income Fundraising activities Social events income 10.349 162,084 26,723 7,114 70,433 4.524 t99.1 82,071 Income from Investments Unrestricted Unr¢stri¢ted funds funds 2024 2023 Dividends and Trust income 16,659 10,027 Other income unstricted Unrestricted funds funds 2024 2023 Insuranee proceeds 267 12.090 Ralslng funds Unrestricted Unrestricted funds funds general general 2024 2023 Fundraising costs Social events costs 78,235 14,506 39.781 2.604 90,741 42,385 16-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 DECEMBER 2024 Charltabl& actlvltles 2024 2023 Staff cos15 (see note 91 Depreciation and impairment Donations to home charities Common mission fund Clergy and staff expenses Childrenlyouth work Church running expenditure Ulilily charges Weddings 8nd funeral fe08 Aecounlancy fees Repairs and maintenance Cale project 73.437 2.865 7.140 95.889 5.886 2.882 73.247 29.471 5.659 1.720 27,161 39.320 1.413 1,142 44,968 3,239 1,287 47,373 5,297 3.318 1.440 137.783 2,609 325.157 289.187 Analy815 by fund Unrestricted funds . general Re81ricl8d lunds 323,369 1,788 284.866 4.321 325.157 289,187 Trust••s One ol the Iruslees was paid remuneration from employment th the ch8nty in their role 8$ Facilities Adminislralor and Coordinator on a part-lime basis. The remuneration was not in connection wlh thèir ro16 as a Iruslee1£8.6051. Four trustees were reimbursed expenses totalling £5,05712023.. £4,411). 10 Employees The average monthly number of fjmployees during the Period was". 2024 Number 2023 Number 17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 10 Employees (Continuedl Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 72,603 34.368 3.960 992 834 73,437 39.320 There were no employees whose annual remuneration was more than £60,000. 18-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 11 Gains and losses on Investments Unfestricttd Restricted Endowment lunds funds funds 2024 2024 2024 Total Unrestricted Restrictgd Endowment funds lunds funds 2023 2023 2023 Total 2024 2023 Gainslllossesl arising on.. Revaluation of investments Sale ol Investments 14,714 2.934 262 31.933 46,909 2,934 616 6.975 {1481 225 7,276 7,744 7,200 17,648 262 31,933 49,843 7,591 77 7,278 14,944 19-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 12 Taxatlon The charity is exempl from taxation on its activities becauso all 11$ income is applied Igr charitable purpose5. 13 Tanglblo fixed assets Flxturps and flitlngs Computer8 Audlo •qulpment Tot•1 Cost At 1 October 2023 Additions 17,312 299 17,312 3,774 2,939 538 Al 31 December 2024 2,939 538 17,S11 21,086 Depreclatlon and Impalmient Al 1 October 2023 Depreciation charged In the Period 6,182 2,147 8,1e2 2,865 551 187 At 31 Decornber 2024 551 167 8,3Q9 9,027 Carrylng amount -Al 31 Dec¢mbgr 2024 2,388 369 9,302 12,059 AI 30 September 2023 11,150 -20-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE PERIOD ENDED 31 DECEMBER 2024 14 Fixed asset Investments Investment fun(Is Cost or v*luatlon Al 1 October 2023 Additions (see page 31 Valuation chan9es Disposals 395,388 76,372 49,842 130,0001 At 31 December 2024 491,582 Carrylng amount At 31 December 2024 491,582 AI 30 September 2023 395,368 Flxèd as¥gt Invgstmfjnts revalued Investments represent tho h05dn9 of v8riOU8 investment funds. The value of investmen18 held CBF Investment Fund income shares is £23 122712023. £21.1295 tach). 15 Debtors 2024 2023 Amounts falllng du• wlthln one year.. Other debtors 1.283 9,187 16 Crgdltors.. amounts lalllng due wlthln ont yèar 2024 2023 Other ¢ditorS Accruals and deferred income 29.508 9.670 43,068 1,400 39,176 44,468 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 17 Endovfflient funds Éndowment funds represent assets which must be held permanently by the PCC. Income arising on the endowrnenl funds can be used in accordance vAlh the objects ol the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets fom part of the fund. At 1 Octobèr 2023 Galns and loss•$ At31 Dec&mb&r 2024 P•rmanent endowm¢nt¥ 346.821 31,933 378,554 Prevlous pgrlod: At 1 Octobtrr 2022 Giln• and 1088 At30 September 2023 P•rn)an•nt endowThnl• 339,345 7,278 346,621
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 18 Restrtcted funds The reslncted funds of the charity comprise the unexpended balarKes of don'ons and grants hdd Lv) trust subject to speufic conditions by donors as lo how they may be used. Movement In funds Resources Translws Movement In funds 11KlTr R•Jour¢o5 Trnn8l•rs I15 OGtober 2023 rIur¢ •xp•nded Balance at I January 202) IornIng Gain and Balancè at 10080s 31 D•Mbr 2024 130 CBF Organ Fund Sl John's Investment Fund Sl Luke's Project Hope lor Food Big Brew Christian Aid Food Hub Speakers Funds Churchyard Fund Sl John's Bells Local Vocals Childrens Paty PTZ Camera Disaster Emergency Fund Soup Run Helpful Hounds St. Francis restn.cted funds 2,892 1148) 2.744 262 3,006 12,9091 225 13.000 410 252 479 270 930 13.000 13,000 (4111 (2521 14791 (2701 1.010 130 623 11.0101 11301 16231 930 1,891 100 100 1,458 1,480 1.000 {2,9091 100 100 1.458 1.480 1.000 40 73 40 73 1251 1251 7.212 7,212 5,576 15.341 14.3211 16.673 6,975 11.788) 7,212 262 29,334 -23-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 19 Unrestricted funds The unrestricted funds ol the charity MpriSe the unexpended balances ol donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out ol unrestricfed funds by the Iruslees tsr 5pe(itrpp At 1 October 2023 Incoming re$our¢es Resource5 Introduction expended of SL Francis reseryes Gain$ and losses At31 December 2024 General funds 64.218 360.326 {414,1101 86.426 17,648 114,508 Prevlous perlod: At 1 October 2022 Incoming resources Resources expended Transfers Gains and 105ses At30 September 2023 General funds 216,397 167.481 1327.2511 7.591 64.218 20 Analysls of net assets between funds Unrestrlcted Unrestrieted funds funds general Designated 2024 2024 Restrlcted Endowment funds funds Total 2024 2024 2024 Fund balances at 31 Oecember 2024 are represented by: Tangible as5et5 Investments Current asselsllliabililiesl 12,059 102,426 (3,861) 12,059 491,582 25.228 10.602 18.732 378.554 10,357 110.624 10,357 29,334 378,554 528,869 Unrestrlcted Unrestricted funds funds general Designated 2023 2023 Restricted Endowment funds funds Total 2023 2023 2023 Fund balances at 30 Sgptember 2023 are represented by: Tangible assets Investments Current asselsllliabililiesl 11,150 46,003 7,065 11,150 395,368 20.994 2,744 13,929 346,621 64.218 16,673 346.621 427.512 -24-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOUR SAINTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 21 Rolaled party transactlons Transactlons wlth related partles The details of related paty transactions that have taken pLace during the year are sel out in note 9. -25-