## **APCM 2023 27th APRIL 2025 TREASURER’S REPORT** ## **Who is the leader of this group?** The set up of the Finance Team remains the same as the previous few years with a team approach drawing on the member’s experience and capabili�es. I deal with the day-to-day opera�on of the church finances, coun�ng and banking the cash, paying the bills, raising invoices, producing the accounts, whereas tasks such as investments, budge�ng and applying for grants etc are dealt with by other members, more in tune with this kind of work. ## **What is the purpose of this group?** from ensuring all monies are in the correct place, all bills are paid, all appropriate financial returns are made etc. culmina�ng in a fully transparent financial accounts being presented to the PCC and ul�mately the APCM. The team also discuss and plan the financial viability of future aspira�ons and projects. ## **Who are the members of this group?** |Mike Saunders|Vicar,BFTF| |---|---| |Jane Pike|Treasurer,Bookkeeping,Accoun�ng| |George Ham|Church Warden,BFTF,Investments| |Francis Moore|BFTF,Budget & investments advice| |Kate Newman|BFTF,Grants| ## **Praise points - What has gone well over the last year?** The biggest success in 2024 has got to be that we have completed the Build for the Future Project and have come to a point where the balance of the bill can come out of general funds. The BFTF restricted fund has now been closed, and we have allocated to one side the balance of the bill, payable a�er all the snagging issues have been resolved. We have made an appeal for everyone to re-visit their giving as we now need to keep up with ever increasing costs and start saving for future projects, u�lising our new spaces. ## **Prayer points - What are your hopes and dreams for the next year?** I pray that we shall continue to maintain a respectable balance in the bank, cover our bills and start looking forward. I mentioned last year that the time as Treasurer was coming to an end. That time has come as I am now standing down. I therefore pray that a/some volunteer(s) come forward to take on this very essential, obligatory role in order to retain what I have developed over the last few years and take it ever further forward. Jane Pike ## **HUNGERFORD PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HUNGERFORD PAROCHIAL COUNCIL** I report on the accounts of the Hungerford Parochial Church Council for the year ended 31 December 2024 ## **Respective responsibilities of trustees and examiner** The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsibility to Examine the accounts under section 43 of the 1993 Act To follow the procedures laid down in the General Directions given by the Charities Commission (under section 43(7) of the 1993 Act) and To state whether particular matters have come to my attention ## **Basis of independent examiners 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 account with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of 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 examiners report** In connection with my examination, no matter has come to my attention - 1 Which gives me reasonable cause to believe that, in any material respect, the requirements To keep accounting records in accordance with section 41 of the 1993 Act and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been met or - 2 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached ………………………………………………………….. Peter Davies Accountant Sunrise Chapel Lane Hermitage Thatcham RG18 9RL 1 ## **HUNGERFORD PAROCHIAL CHURCH COUNCIL STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2024** ## **GENERAL FUND** |Note
**General**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**Incoming Resources**
Voluntary giving
2
158,171
0
200,361
358,532
Activities for generating funds
2
1,848
0
1,416
3,264
Income from investments
2
52
0
0
52
Church activities
2
4,179
0
0
4,179
Legacies
2
0
0
0
0
**Total incoming resources**
164,250
0
201,777
366,027
**Resources used**
Costs of generating funds
3
0
0
0
0
Church activities
3
80,528
0
0
80,528
Church expenses
3
25,389
0
1,899
27,288
Major capital expenditure
3
12,305
0
473,015
485,320
**Total resources used**
118,222
0
474,914
593,136
**Net incoming/outgoings**
46,028
0
(273,137)
-227,109
**Transfer between funds**
(273,932)
273,932
0
**Net outgoings before gains**
(227,904)
0
795
(227,109)
**Other recognised gains**
0
0
0
0
**Net movement in funds**
(227,904)
0
795
227,109
Reconciliation of funds
Total funds brought forward
309,856
0
3,432
313,288
Net movement for year
(227,904)
0
795
(227,109)
Total funds carried forward
81,952
0
4,227
86,179
**2024**|**2023**
**£**
243,316
4,105
8,582
9,139
2,022
267,164
0
89,040
27,948
299,830
416,818
-149,654
0
-149,654
-15,014
-164,668
477,956
-164,668
313,288| |---|---| 2 ## **HUNGERFORD PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2024** |Notes
**CURRENT ASSETS**
Bank balance
**5**
Sundry Debtors
**4**
**CURRENT LIABILITIES**
Creditors and Accruals
**Net current assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
St Lawrence General Fund
**6**
St Lawrence Restricted Fund
**7**|**2024**
**2023**
**£**
£
97,196
276,413
9,399
38,180
106,595
314,593
20,416
1,305
86,179
313,288
86,179
313,288
81,952
309,856
4,227
3,432
86,179
313,288| |---|---| 3 **HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2024 FINANCIAL STATEMENTS** ## 1 **Accounting Policies** ## **Basis of financial statements** The financial statements have been prepared in accordance with the Church Accounting regulations 2006 together with applicable accounting standards and the FRS102 SORP The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. ## **Fund accounting** **Unrestricted funds** are general funds which can be used by the PCC ordinary purpose. **Designated funds** are general funds set aside by the PCC for use in the future. Designated funds remain unrestricted and the PCC will remove any surplus to other general funds. ## **Incoming resources** Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable. Interest is accrued . All other income is recognised when it is receivable. ## **Resources expended** Grants and donations are accounted for when paid over or when awarded.. The Diocesan parish share is accounted for when due. Amounts received for a specific purpose are dealt with as restricted funds, all other expenditure is recognised when it is incurred and is treated as unrestricted funds. ## **Fixed Assets** Consecrated and benefice property is not included in the accounts in accordance with section 10(2)a and (c ) of the Charities Act 2011. 4 **HUNGERFORD PAROCHIAL CHURCH COUNCIL** ## **Notes to the 2024 Financial Statements** ## **2 Incoming resources** |**Voluntary giving**
Planned giving standing order
Parish Giving Scheme
Collections at services
Other voluntary receipts- Donations
Gift Aid recovered
Gift Aid recovered on Parish Giving
Fabric fund
Insurance claim
Youth worker grant
**Total voluntary giving**
**Activities for generating funds**
Fundraising activities
Coffee receipts
**Total from fund raising activities**
**Income from investments**
Interest
Dividends
**Total investment income**
**Church activities**
Fees from wedding and funerals
Trading activities
Parish share rebate
**Total Church activities**
**Income from non charitable trading**
Legacies
**Total Incoming Resources**|**2023**
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**£**
6,004
0
0
6,004
10,142
47,764
0
0
47,764
49,692
10,007
0
0
10,007
15,495
5,488
0
27,494
32,982
30,874
9,399
0
0
9,399
6,281
11,376
0
0
11,376
11,773
68,133
0
172,042
240,175
109,222
0
0
0
0
5,337
0
0
825
825
4,500
158,171
0
200,361
358,532
243,316
1,249
0
1,416
2,665
3,513
599
0
0
599
592
1,848
0
1,416
3,264
4,105
52
0
52
110
0
0
0
8,472
52
0
0
52
8,582
4,129
0
0
4,129
7,062
50
0
0
50
870
0
0
0
0
1,207
4,179
0
0
4,179
9,139
0
0
0
0
2,022
164,250
0
201,777
366,027
267,164
**2024**| |---|---| 5 ## **HUNGERFORD PAROCHIAL CHURCH COUNCIL Notes to the 2024 Financial Statements** |**3**
**Cost of generating funds**
Costs of fundraising activities
**Church activities**
Mission giving and donations
Statutory fees
Parish share
Salaries
Youth worker salary
Youth worker expenses
Clergy and staff expenses
**Total Church activities**
**Church expenses**
Mission and evangelism costs
Printing and stationery
Worship supplies
PPL
Childrens church
Kitchen costs
Minor repairs
Equipment maintenance
Organ maintenance
Music equipment
Insurance
Light and heat
Water
Accountancy
Finance costs
Investment brokers fees
**Total Chuech expenses**
**Major capital expenditure**
Major repairs to church
**Total major capital expenditure**
**Total outgoing resources**|**2023**
**Unrestricted**
**Funds**
**Designated**
**funds**
**Restricted**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**£**
0
0
0
0
0
68
0
0
68
10
1,982
0
0
1,982
3,889
69,219
0
0
69,219
64,692
3,421
0
0
3,421
2,912
0
0
0
0
10,423
0
0
0
0
100
5,838
0
0
5,838
7,014
80,528
0
0
80,528
89,040
488
0
0
488
409
2,130
0
0
2,130
4,528
896
0
0
896
1,170
656
0
0
656
314
9
0
0
9
0
778
0
0
778
1,028
4,237
0
0
4,237
2,384
1,380
0
0
1,380
1,313
867
0
1,209
2,076
2,037
1,514
0
690
2,204
127
5,638
0
0
5,638
6,466
5,532
0
0
5,532
5,151
94
0
0
94
86
400
0
0
400
400
770
0
0
770
688
0
0
0
0
1,847
25,389
0
1,899
27,288
27,948
12,305
0
473,015
485,320
299,830
12,305
0
473,015
485,320
299,830
118,222
0
474,914
593,136
416,818
**2024**| |---|---| 6 ## **HUNGERFORD PAROCHIAL CHURCH COUNCIL NOTES TO THE 2024 FINANCIAL STATEMENTS** |**4**
**Current assets**
**Debtors**
Income tax recoverable
VAT recoverable
**5**
**Cash at bank**
NatWest current account
**6**
**St Lawrence General Fund**
Unrestricted Fund
**7 Restricted Funds**
Youth Funds
Fabric Fund
Organ Fund
Music Fund|**2024**
**2023**
**£**
**£**
9,399
6,264
0
31,916
9,399
38,180
97,196
276,413
97,196
276,413
81,952
309,866
81,952
309,866
Balance at
1 /1/24
Income
Expenditure
Transfer
Balance at
31/12/24
1,410
825
2,235
0
200,952
(473,015)
272,063
0
0
0
(1,869)
1,869
0
2,022
0
(30)
0
1,992
3,432
201,777
(474,914)
273,932
4,227| |---|---| 7 HUNGERFORD PAROCHIAL CHURCH COUNUL FINANOAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENf EXAMINERS REPORTTO THE TRUSTEES OF THE HUNGERFQIID PAROCMIALCOUNai I report on the accounts of the Hu￿￿erf0rd Parochial Churth Coundl for the year ended 31 December 2024 Respertl¥* resp(x)slbllftles of tru5has and ewnln•r The Trustees art reSpOr￿ble for the preparation of the accounts. The Trustees consider thtit an audit is not requlred for this year under Section 43121 of the Charitles Act 1993 lthe 1993 Act) and that an independent examlnatlon Is needed and l am qualified to undertake thè examlnation by being a quallfied member of the Institute of Chartered Ac¢ountsnts in England and Wales. It Is my responslbllity to Examlne the accounts under section 43 of the 1993 Art To follow the procedures laid down In the General Dlrectlons gl¥en by the Charrtks Commlsslon lunder sertlon 43(71 of the 1993 Act) and To state whether partlcular matters have come to my attentlon B•sls of Independent examln•rs r•port My examlnatlon was carrled out In accordance with the General Directions 8lven by the Charlty Commlsslon. An examlnatlon Sncludes a revlew of the accountlng fecords kept by the charlty and a comparlson of the account with those records. It a150 I1￿￿deS consideratlon of any unusual items or dlsdosures In the accounts, and the seeklng of explanatlons from you as Trustees conomln8 any 5uth matters. The procedures undertaken do not provlde all the eVIden￿ that woukl be requlred lryan audlt and consequentlv no oplnlon Is glven as to whether the accounts present a true and falr vie4¥ and the reportls Ilmited to those matters set out In the statement bdgw Ind•p8nd•nt •xamlners rnport In connectlon with my examlnatbon, no matter has come to my attentlon Whkh 8fves MÈ reasonable cause to belleve that, in any material respect, the requlrements To keep accountln8 records In accordance wlth sectlon 41 of the 1993 Act and To prepare accounts whlch èttord wlth the accountln8 records and to compty wfth the •c¢ountln8 requirements of the 1993 Act have not been md or To which, in my oplnion. attention should be drawn In orderto enable a proper urwJerstsndln8 of the accounts to be reached 1273,9321 273.932 N•t out8olw b•for• ylns 1227.9041 795 1227.1091 -149,654 oih•r I•¢0￿1*•d Dlns -15,014 Net mov•m•nt In funds 1227,9041 795 227,IryJ -164.668 Reconclllatlon of funds Total funds brought for4¥ard 3,432 313.288 477,956 Net movement for year Total funds carrled forward I227,s￿ 81.952 795 4.227 1227,1091 86.179 -164.668 313,288 HUNGERFORD PAROCHIAL CHURCH COUNaL BALANCE SHEET AS AT 31 DECEMBER Z024 2024 2023 Notes CURRENT ASSETS Bank balance Sundry Debtors 97.196 9,399 106.595 276.413 38.180 314,593 CURRENT UABIUTIES Creditors and Accruals 20,416 1.305 Net current assets le55 curr•nt Ilabllltles 86.179 313,288 Total net assets hss Ilabllllles 86,179 313,288 Represonted by St Lawrence General Fund St Lawrence Restrlcted Fund 81,952 4.227 309,856 3,432 86,179 313,288 HUNfjERFORD PAROCHIAL CHURQI COUNaL NOTE5 TO THE 2024 FINANCIAL sfATEMENTS l A¢¢ountln8 Polkles Basls of flnanclal ststèments The financial ststements have been prepared In a(C￿dan￿ with the Church Accountlng regulation5 2CQ6 together with applicable accounting standards and the FRS102 SORP The financial statements have been prepared under the hlstorlcal cost conventlon exopt for the valuation of investment assets, which are shown at market value. The financial ststements include all tran5artions. assets and liabilities for which the PCC 15 responsible in law. Fund accountlne Unrestrlcted funds are general funds which can be used by the PCC ordlnary purpose. Deslgnated funds are 8eneral funds set aside by the PCC for use In the future. Desi8nated funds remaln unrestrlrted and the PCC will remove any surplu5 to other general funds. In¢omlng resour¢ Planned glvln8, collectlons and donatlons are reco8ni5ed when recelved. Tax refunds are recognised when the incomlng resource to which they relate is received. Grants and le8acies are accounted for when the PCC is legally entitled to the amounts due. Dlvldends are ac¢ounted for when recwvable. Interest is accrued . All other Income is reeo8nised when It Is recelvable. Grants and donations are accounted for when paid over or when awarded.. The Dlocesan parish share is accounted for when due. Amounts received for a specific purpose are dealt wlth as restricted funds, all other expenditure 15 recognised when it is incurred •nd is treated as unrestricted funds. Consecrated and benefke property is not induded in the accounts In accordance with sectlon 1012la and {c l of the Charities Act 2011. HUNGERFORD PAROCHIAL CHURCH COUNaL Notos to the 2024 F7nandal Ststements Incomln8 vesourc Fu Totsl Voluntary Planned giving standirvd order Parish Glvlng Scheme Collectlons at 5ervlces Other voluntary receipts- Donations Glft Ald recovered Gift Ald recovered on Parbh GM Fabrlc fvnd Insurance clalm Youth worker grant Totsl voI￿ry￿￿ 10,142 47,764 49,692 10,CQ7 15,495 32,982 30,874 9,399 6.281 11,376 11,773 172,042 240,175 109,222 5,337 825 4,500 358,532 243,316 47.764 10.007 27N94 9.399 11.376 68.133 825 21y),361 158,171 A¢tlb4tl•s for 8•n•r•tln8 IwK15 Fundralslng a¢tlvliles Coffee receipts Totsl from fund r8tsln8 a¢tMII 1.249 599 1.416 2,665 599 3,264 3,513 592 4,105 1,416 Incom• from Inbwtm• Interest Oivldends Tot*1 In¥•stm•nt In(thn• 52 52 iio 8,472 8,582 52 52 Churth artl¥ltl•J Fees from weddln8 and funerals Tradlng attlvltles Parfsh share rebatè Totsl Churth actl¥ftles 4.129 4,129 7,062 870 1,207 9.139 4,179 4,179 In¢om* non th•rltsble tThll Legacle5 2,022 ToLg1 In(thnln8 R•￿re 164.250 201.777 366,027 267,164 HUNGERFORD PAROCHIAL CHURCH COUNaL Not•s to the 2024 Finartclal 5t*ements 2023 Funds fvnd5 Totsl Cost of generatlngfunds Costs of fundraising activtties Church acllvltles Mlssion glvlng arKI d￿atIonS ststutory fees Parish share Salaries Youth worker salary Youth worker expenses aergy and staff expenses Total Churth xtfvliles 68 1.982 69.219 3,421 68 1,982 69,219 3,421 io 3,889 64,692 2.912 10,423 100 7,014 89,040 5,838 80,528 5,838 80,528 Church ejtpenses Misslon and evangellsm costs Prlntlr8 and statlonery Worshlp supplles PPL Chlldrens church Kltchen costs Mlnor repalrs Equlpment malntenance Organ malntenance Muslc equipment Insurance Llght and heat Water Accountancy nance costs Investment brokers fees Total Chuech expenses 409 4,528 1,170 314 2,130 896 656 2,130 896 656 778 4.237 1.380 867 1,514 5,638 5,532 778 4,237 1,380 2.076 2,204 5,638 5,532 1,028 2,384 1,313 2,037 127 6.466 5,151 86 4CIO 688 1.847 27.948 1.209 690 770 770 25.389 1.899 27.288 Major upltsl expendlture Malor repalrs to church 12,305 473.015 485.320 299,830 Total major cathl expendlture 12,305 473.015 485.320 299,830 Total out8oin8 resources 118,222 474,914 593,136 416.818 HUNGERFORD PAROCHIAL CHURCH COUNaL NOTES TO THE 2024 FINANaAL STATEMENTS 2024 2023 Debto Income tax recoverable VAT recoverable 9,399 6,264 31,916 38,180 9.399 5 Cash at bank Natwest current account 97,196 276,413 97,196 276,413 6 St Lawrence General Fund Unrestricted Fund 81.952 309,866 81.952 309,866 7 Restrfrted Funds Balance at 111124 1.410 Balance at 31112124 2,235 Income 82S 2(X),952 Expendlture Transfer Youth Funds Fabrlc Fund Or8an Fund Muslc Fund (473.0151 {1,8691 1301 (474,9141 272.063 1,869 2,022 3.432 201,777 1,992 4.227 273.932