REGISTERED CHARITY NUM8ER.. 1189SSO REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR ThE PCC OF ThE ECCLESIASTICAL PARISH OF HEATHCOTE LDP Luckmans 1110 Ellk)tt Court Coventry 8uslnes5 Pa Herald Av?nue Cov8ntry W?51 MidlaTrJs CV5 6U8
THE PCC OF THE ECCLE551IcAL PARISH OF HEAThCOTE CONTENTS OF THE FINANCIAL STATEMENTS frytho y•ar endèd 31 D•c•mber 2024 P49• Rwirt of th• TNst• I to 4 Ind•p•nd•nt Ex•mln•rf• Report statsmtnt of Fln•ncl•l Ad¥Ma• 8d•nc• Sh••t Not•• to th• FlnAn¢lo1 St8l•m•nts 8 to 15 D•talJ•d 51•t•m•nt of Fln•nclal A¢tl¥lll 18 to 17
THE PCC OF THE ECCLESIASTICAL PAR15H OF HEATHCOTE REPORT OF THE TRUSTEES for the year ded 31 Dec8mbgr2024 The tru5188s present their wort the fin8ncial 5t8t6ments ol th8 chanty for the year ended 31 Dec8mber 2024. The Irust&e6 hav8 ad(ptl th8 provisions ol Aw)untlng and Rwrting by Charities.. Statement of Reeommended Practs"cè applicable ta chari1185 prèparing thdr accounts In arLcfdanrA wllh tha Financlal Repotury Standard appllcatrAe In the UK and Rapubllc of Ireland IFRS 1021 leffeCt 1 JBnuary 20191. OBJECTIVES AND AcTIVlEs Oblg¢tlves antl alm¥ The Parochial Chuth Council IPCC.) of Ihe FrAsia$lic41 Parfsh ol Heathcate. alsr> known 85 Heatrcote Parish Church IHPCI, has rBspDnslblllty Df cOperating vAlh the Inojmbenl, R8v Rob Budd. in wmoling, In the 8r%l88iaslic81 pwsh. th8 %thol? misslon of the Church, pastor81, ?v8ngelistbc, soci818nd ecuMenr1, Our pr8yar is that Ihe people oltm parfsh will come to know the fullno55 of lifts which Chnst offers. Tha PCC 18 commltted w prOlg B vlbrant worshlpping communty %thich peopb in the p8rfsh and beyond can be wlcom•d Inlo. i•rYic8s and Èvents alm to help people put faith into practice Ihrough pr8ygr, Scrlptur?, music and fellowAhlp. When pkrynning our actlvlll8$ each year, we have ¢on$ld8rod the CommI55'S guld8nce on public b8n8fil 8nd, In partlCLJlar. the supplementary guidance on tharits'es for the 8dv8ncement of religlon. In parUGular, we try lo eThae people lo Ilve out Ihdr faith a8 part cf our churc* wlnrnunily through.. ' Worshlp and prayer. Iwning about thg gosp81', and d8V81oping knowledg8 of and tFU8t In Je8U8 88 Lord. Prov13 of pa5tord care ' Mlgsion and outr&&ch To f8dNt8t• Ihla WLvk. 8nsuT8 that Ihe labrfc oltho chUh and Communlty Ctre arn maintained. ACHIEVEMENT AND PERFORMANCE Charltabl• actfvltl A5 parf of HPC's ongcAnq mlsslon to ser¥8 cgmmunlty, thfr PCC agM•d to glft tho chureh 6poce to Warwlck Dlsthct Foodbank aB Lh8 Monday collèctlon point for clients trom February 2024. vthich has been hugely appret¥Bted a& a walo)ming space. The PCC also approved bec(Knlng 8 mEmbBf chur¢h ol iho charity. A team ol volunt•or8 ntinUed to run the weekly 'He8thcole Hub, w 8 Thur8d8y hjnchlme. 6eMng lunch 8nd other r8freshrnent8, Alory$lOe offerfng ojmpany, gamB6 and sport 10 8ny lIC. Thls wmrnunlty hub 15 fr88 and th8 PCC Approv8d undelwrrting any •5socialod costj. Thero are brThJnd 20 people who come guladY to the He8th¢x¥le Huts, with a further 30 or 50 popplng along on owa$ion to anloy thg wami, welwming space. Once a month, HPC host8 tho Vour Farnr Marf(et' 41ongglde th8 Hub, sUppong approxifflalely 40 hxal larnlli85 wlh good quallty food. ThiB haj proved so eficIal thot we sre tyeroling a Wain9 list for referr•lJ 10 the sch8rn8. Fundr¥lglng actl¥rtl• HPC'S charitable attfvits'es are funded lafgefy by 8 mix of r¢gular (kn8tion8 Bnd hall hirq. Th? PCC makes aWic8Don5 for 8ddiUonal grants bther¢ Il is ekgibb to do 80. Comrnunty •dvlllos were g8nerou$ty supported through the yegr by grants fr wath DIBtrict Council. Page 1
TME PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE REPORT OF THE TRUSTEES forthe y8aronded 31 D8combor 2024 FINANCIAL REVIEW Flnan¢ial PItion The Iinanckgl statements for Ihe year ended 31 D8C8mb8r 2024 are appended, as appmv8d by Ihe PCC. The arunt8 have been prepared on an aeewa15 bas and 8xamlned by LDP Luckmang. The accounts for the year ended 31 pTber 2024 reflect a significant irKrease in operation of the Community Cenlre with an increase kn bookings and Incom6 88 11 as increased operatlng expendiiur•. Wbth increased 0k18. Income eXCejed exp8ndtture by approx £30k12023.. 4kl. Church aGtlvlbes relum8d a n818urplus or £12.7k. wth unrestricted donati£ incorn• linduSNe of Glft Aidl of £95k off8&llg 8n Increased Parf8h sha conldknjts'm of £65k. Cornunity Ctntrts a(Aiwbes returnod a Suru8 of £30k. Hir8 In(rne of £56.3k offset expenditure of £34 9k Church ond C•ntr8 exp8nditurg induded a (non cashl depredation charge of £18k12023." £16.6kl. R•••N•s policy R938rvès r8rnain healthy, with ¢h of £167.2k 12023.. £131.8kl Bnd total lunds InCreang to £504k 12023.. £480kl. Tlthe donatkffj5 toiolling £8.1k wre paid to MIS( partr$ in reBPO¢t c4 Ihe year ended 31 December 2023. Durfng th& year endgd 31 December 2023, th¢ PCC agreed to ulilige th• r8th¢X8d Churth Facil18¥ Fund to upgr4de Ihe cr•ch8 faalilies. EKp8ndtture af £39J Induded a now aork orsd deo)reUng the rrJ)m. The PCC also aorÉ8d lo donate £500 to the Community Centre mural. Dudng Iho year ended 31 Oermber 2024, the PCC COMinued to work wllhln the ReseNe$ Pollcy agreed on duriThg the y88r end8d 31 Decernber 2023. Under the pollw, lh8 PCC 888k lo m8int8ln free reservu of befvM8n th and uix month8 of budgeied foThvard Nnnlng COBt5, 85 date¥d at ch f nandal yaar4nd. Th• PCC 19gk lo b8 rnindful ol the source of any surplu988 9ener8led and lo ulili88 any 8xcegJ reaeNeg g¢neral¢d from ¢ho hire ol the Cornrnunity Centre lor tha rnalntananc8 u enhancam8nl of the bullding and faclliti88 8ndl¢ to fvnd Mrnun 6UPPOrt inib'avo8. On 31 DBcBmbBr 2024 unrestrtdad reserve6 were £154k. Six mtsnlh& budget8d expenditure 8quat8# to £70k, INJicats'ng ex¢e8¥ fw rgseNes of c.£84k, of %thlch £45k is attbUt8tye to church actfvlues and £39k to the CDmMunlty Centre. After dlwJ$$I around sustatnlng and supportlng our current woth, th8 PCC agreed 10 priorluso th8 Sllocaibn ol our available church resetves to resoufGing our operoUtsh5 and admlntstrative work. Available Comrnunity Centre f8$ will bè u8ed to Support and uTrJerpln our community work Ihrough Improvem8nts to the SPL Hall. FUTURE PLANS Lrtng ahead, we have committed lo continulng to pay our Padsh Share at the fvll con1rf10n, In¢xeas08 from £64,686k In 2024 to £67,500 in 25. STRUCTURE, GOVERNANCE AND MANAGEMENT Go¥ernlng do¢um•nt Th8 charty is controlled by Its governing drUMent, P8rochi81 Churth Councal Power6 119561 a6 8rn8nd8d and Church Repre8ent81ion Rules Ih8t came inlo forc8 on 2 January 1957. 11 was regi8ter8d with the Charity Comftthion on 19 May 2020 Iregi8tralk)n numbor 11895501. Page 2
THE PCC OF THE ECCLESIASTICAL PARISH OF HL4THCOTE REPORT OF THE TRUSTEES for th• year ended 31 DG•mbpr 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT ¢h8rity con8tution The PCC is the govÈming bDdy of ihe tharity and its m8mbers are the trusiees. There are wrrently eleven PCC members. The meth(xl of appointment ol PCC ffjembers is Sel out in the Church Repre6entstion Rules. At HPC, the PCC consists of the inrAJmbent lour Viurl, thurchward8ns 8nd m8mb8r8 dee18d by lfvJse rnernbe of the CongregaOn who ar8 on Ihe 818Ctoral roll of Ihe church. All thos8 ar8 rnemb8rs of Lh6 congre9alion are eCOuraged lo rwalsler on the Eiqctor81 Rdl 8nd 8tsnd fu elecyon to Ule PCC. The Iw$lg8& durln9 the year are Msted () page 4. ThB PCC met e times during th8 y80r. Th& PCC oper8t•8 through B nufflbar of cunmitte•8. I1¢h mttt between full meetings of the PCC. The PCC has B5th11$h8LS the kll(y•lrwJ 5uWrOu.' . standlng Cornrnittea - Heaihcote Cornmunlty Contre Managem8nt Cunmtttag . Fobrlc cornm88 To note, tho BU11 Steedng Grcup ha8 now disband8d folking Complett of th• buildlng renovJllon prolect. mqmbwship ol tho groupa is 8et out on page 4. Al groups report bad( ¢0 the PCC follon9 8Bth mEelng. R•cNltment and @PF[nIm•nI of now trusts•• The method ol apLK)kntrnent of PCC memb8r5 55 $•1 out In th• churth rew85enlation ru169, The PCC 18 algo registered charity. All church attend&e$ ore encouraged lo reglster on th& e18clor81 roll And 8r& 8llglb18 10 8tand lor 81edr lo Ihe PCC. PCC membBf8 are bdef8d on CUfr•nt PCC i88Ue8 al Ihe first rn881ing of Iho new PCC. Rl•k man4g•rn•nt The twustee5 h4ve a duty to Idenllfy and reeW tha ngkg lo whleh the eh8rfty Is exposed Dno to enwre 8ppropA818 ntrols are In ploC8 ta provlde reasonable assur8nc8 agalnsl fr8ud and error. Rliks and their pcenU61 Impxl on Ihe chufth ar8 con6ldwed on an onrfJdng ba&8. Th8 PCC agrees actk)nB to Managè rtsk? that have the w)tenl81 to hev8 a negalive impart on the achigvgment of Ihe charrttys mi£. REFERENCE AND ADMIN18TftATive DETAILS R•gl*t•red Charlty numb•r 1189550 princ11 addreJB Cre85ida Cbsg He8thcDte WaThthd Warwickghir8 CV34 6DZ Page 3
THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE REPORT OF THE TRUSTEES for the y¢ar•ndod 31 Decernr 2024 Trustea8 Rev R Budd Chair IVr2rl SC, DS. SG, HMC A ann Viceohalr SC. SG Iresgn8d 12.5.241 D Gallach8r SC Cmort M Lloyd DS L Chambèr5 B E Pastores S HJnl C McKenzie J E M Killlck J W Strang• A Amltag8 lappolnled 12.5.241 SC- mernbBr of Sl8ndlno Commltlee DS- rn8mb8r of Dèanery Synryj SG. member of Building Sleering Group HMC- Htralhwle Communily Centra M•nagerrnt Cunmittee FC- memb&r of Fabric Cornmfftee Key ManDH•rnanl P•rnonn•l M To%s9nd- Heathwte CoMnItY Centr8 Manager- from 10111122 R aaTke. Heaihcol8 Communty Cantre Managtrr lrnatornrty covarl- frorn 23108123 Ind•p•nd•nt EJEamln•r LDP Lurknans 1110 Elliott Court Coventry 8u¥in8¥ Pwk Herald Avanup Coventry We81 MhlL9ndfy CV5 6UB 8ank•rn Unity Trust 8ank Four Bdnd18yplace Birmin4iarn B12JB AFproved byorder ol the boord of iru518 on .. . and slpad on Its behamby., Rev R Budd- Trustee P89e 4
INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE Indewnd•nt oxamlnevs report th• Iruslws of Th• PCC ofth• EcGhsla¥tlcal Pgr15h of Heathcot• I f8POrt lo the ch4nty trustees on my ¢xaminatK)n of the accourrt3 01 Th8 PCC ol tho ErXlesiaS¢8I Parish of He8th(t8 Iihe Trust) lor the year ended 31 Dac8mbgr 2Q24. Rwonslb116tles and bo81s of report As Ihe charity Iruslees of the Trust you are respon8tr)le lor the prepaTaUon of the accounts in accordan with the quirements ol th8 Charit5 Acl 2011 Ilhe Act'l. I TrPDrt in respect ol my examinabon of the TNSIS accounts rriad out under Sectlon 145 of the Act and in rylng ojt my exatninatlon I h8ve followed all appllcable Dlrecthjns glven by the Chthty Ccmmls$lon under SectKJn 14515llbl olth8 Act, Independ•nt •xamlnarf Jtstem•nt I have completed rny examin8lion. I confirn thgt no rnBt0ri81 matt8r8 hav¢ coma lo my attention in connection vAth the e¥arninalion gIng m8 cau58 lo believe th&1 In any mat8rio1 r95P8Ct. aeetsuntlng remrds were not k8pI in respect of the Trust OS Tequire¢l by Sedion 130 of the Ad., or tho account5 dc not acc(>rd with those r•cord5', or the acwunts not comply th the 8pplicabb requiréments o)nc8ming thé fomi and conl8nt ol 8ccouiII8 set cyjl in the Charities (Accounts 8nd Reports) Regulatk)ns 2008 other than gny requlrement that a¢nts glve 3 true and ljlrview Is not a matter con5ider•d as part of an ependnI 8xaminatn. I hjve nD ccernS and have come across no olher m8tter8 In (nn8tIOn wth the exarnln8.on to which attenlon should b8 drawn In th18 rwrt in ordor lo enable a prLV8r under8tandlng cf the BCLYJunls 10 bo reachBd. M D Sp8ff¥¥d FCCA FCA LDP Lucknans 11 to El¥ott Court Coventry 8ugines8 Park Hefdkl Avenue Covonlry W851 Midlands CV55UB Date...,C,71. 7U.AAf....lo Page 5
THE PCC OF THE ECCLEStA5TIGAL PARISH OF HEATHCOTE STATEMENT OF FINANCIAL ACTMTIES fortho year onded 31 DgG•mb•r 2024 2024 Tot81 fijnds 2023 Totsl tunds UTrrestrfct8d hjnds Reslncted fund$ INCOME AND ENDOWMENTS FROM Don8onS and l¢gaoe8 103.822 104,CIJ2 87,19) Charltable •ctlvltle¥ Church 8n¢ community e•ntrn 63.474 63,474 49,794 Investment inrA)m8 Olher Income 2,105 229 2,105 229 1.710 1,728 Totsl 169,430 380 169.810 140.420 EXPENDITURE ON Rak81nu fund5 193 Ch•rltsbh tilIe8 Churth and communlty centre 142,318 1,579 143.897 159,844 Total 142.318 1,579 143.897 160.037 NET INCOmEIIEXPENDuREl 27,112 25,913 119,6171 RECONCLIATION OF FUNDS Totsl fvnd¥ brought tOard 472,593 7,112 479,705 499,322 TOTAL FUN08 CARRIED FORWARD 499.7D5 5.913 505.618 479,705 The nDies lorn part 0fth finanual staments Page e
THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTe 8ALANCE SHEET 31 DgE8mber 2024 2024 Totsl funds 2023 Tot81 funds Unr85thcted funds RestrlGted fijnds No18S FIXED ASSErs Tangible 8388ts 329,574 329,933 345,813 CURRENT ASSETS Dgbtors Cbsh at bank 11,965 181,690 11,965 167,243 8,565 131.810 S,SS3 173,655 5,553 179,2C%8 140,375 CREDITORS knounts lalling thje thIn on8 year 13,S231 13,S231 18.4831 NET CURRENT ASSErs 170,132 175.685 133,892 TOTAL AsseT8 LE88 CURRENT UABILIYIE5 499,7Cfj 5,912 SCIS.618 479,705 NET AsseTS 499,7r 5,912 $05.618 479,705 FUNDS Unreetrfcted lund8 thL*éd fundg 10 499,706 5.912 472,593 7,112 TOTAL FUND8 505.618 479,705 The flnanclal 8t8tem8nts were approved by Ihe 806rd of TnJ6tee& ond authorfsed foi 188ue on and were signed on Its b8half ty.. R Budd- Trustee The notes fo part ofthese finanaal ststements Page 7
THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL STATEMENT8 for the yoar •nded 31 Decombor 2024 ACCOUNTING POLICIES Ba$ls of prwllng the financlal •totem•nt• The fITwla[ Statements of the £Brfty, which Is a pubLt b8nefft entity under FRS 102, have beon prepared in s(Eixd8nce with the ChahU6s SORP IFRS 1021 'Accounbng and Reportirv4 by Charitie8'. Sla18menl of Recomm8nded Practice applicable lo charttias praparing their account5 in 3ccwdan ¥th th8 Flnandal Raporiing St8ndard aWlrAblo ITr th8 UK 8nd Republlc of Ireland IFRS 1021 leffeclfvo 1 January 20191.. Flnanaal R8rM)tyng Standard 102 The Finanaal Reportjng Stsndard applicable in the UK and R8PUtAic lffjland. and the Charib"es Act 2011. The finanGial staiemenis have beon preparod uTrJ8r th• hi8torfrAI c08t nvenI10n. The finaThclal Statements hav8 begn prep8red ID gwe 8 'tru8 8nd fairf view and have departed Irom Ih Ch8rtleB lAcents and Rus) Regulations 2W8 onty to th8 extent f8qulrsd to provld8 8'tru8 and falr . Thls departure h8$ invo5ved fdk)%lng the ntIng and Repo9 by Chart15". Statement ol Recommended PTacticg apICat8 10 charfUe5 prep8rfng thelr acrL)unts In accordance wth the Flnan&al R8POrtlng Standord applieab18 In th8 UK 8nd Republic of IrelaThl IFRS 1021 Issued on 16 Juty 2014 rather than Ihe AccounlTh3 ?nd Reporting by Charitw.. Statement of Recornrnended Practico elfeGtive Irom 1 April 2fy)5 which has n¢t been wlhdr8wn. Incom• All Incom8 iu recognlsad In the Stalèm•nt of FSnandal A¢llvltie$ onc8 the charity has 8ntitlèmonl lo thè fvnds, It Is probable that the InMe wll be re¢eSved Ond the arTh)unt can be mea$ured lIably. V•luntsry Incomv •nd capltal Bourc Ccledon5 gro rwnl$ed rnade. Arnoun18 facAgIv8ble undor ar• r•ty)gnlsed onty when honoured by tha doncr. All income tax recovernd on Gift don8tion8 18 induded In the accounts. Th• Gift Srnall Donation8 lopup payment kn lso dalmed on all qual1ft9 cash and donallonl. Grnnts and l•g•cl•B Gronts And lesadBS 8f• accounled 82 soon Iha charity IJ nolfied of Its lagBI Bnd th8 arnounl due. Incom8 from governm8nl grants 8ra racognl8ed al fair value then th¢ tharbty has •nlltl8rn8nt after any performanLX ojndilions h8v• beèn met, k 1$ probable thai incomts wlll rtedved and the Brnounl can be meosured re1hy. If onlrtlem8nt1s Thot mel then Ihese amounts a¥e delerTed. other vrdlnary Inc<xn• Rental Income from the letting of Churth and C¢)mmunlty C8ntro premlsos Is wxount8d for then eamud. Parothlal f8•8 du8 to the PCC forw8ddlngs, funerals. etc. are accounted for on an evenl*y-8vent ba518. Incom• from IbwMtm•nt Invesknent incom8 Is accounted for %th8n r8c8N8ble. Arnounts owing to the church gt 31 December are shovm 85 éebtor8, lay6 provision fop amounts th8t rnay p8 non-collectablè EMp•ndltiJr• Lwbililw arv reccgnised ss expenditure as 5DDn as 1$ s lellal or Gw$tru¢tive obliuatlon mrnltb'n9 the charily to that expenditurg, il 18 Probab that 8 Ir8n8fer of economic benefit8 wlll be r8quir8d in Settnt and the arnount of the cbllgalion can b8 rn8a8ur8d rdiably. Expenditure 18 accounted for on an ccnJuLs basls 8nd h85 been £#S1r1ed und•T headings that Bggregale all cost rdatod to Ihe r4tegory Where cosis cannol b8 dir8clly attribuled to partkular headlngs they have been allocatgd to act195 on bas1$ congstsntwlh the u88 of resou8. Resources expended a allocated 10 thè p8rtkular activlty Ihe cost rèlates dtrQrt to thal acb¥ty. Where costs rekte to more than one area trey have been apporfoned on an apprcpriate basis. The di0$Sn parish share is accounted forwhen payable. P8ge 8 cnUed...
THE PCC OF THE ECCLÉSIASTIGAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL STATEMENTS- continu•d for th¢ year ended 31 Dg¢•mb¢r 2024 ACCOUNTING POLICIES. contlnuad Expendltur• Govemance costs EDmpnse all costs invofvlng Ihe public accountaty of the Church and its (yjmpllanee wllh regulatSon and goc¥J pracknce. These eosts indude th• ruan 8nd ind8p8ndenl Scrutiny of these flnanoal st8tsrnentS. FIX •••¢ts Church and communlty c8ntr8 As part of th8 d8veloprnenl of the Wa¥k Gates 86tate. the wntracJor8, J J Gallagher Ltd, aged to build the Church and Communty Cantre Sn 20Q1. The Church sedion wa5 part )Jnded by 8 grant frorn the Diocese of Cov8nty of E60.OLK). Thi8 was pald to the Sl Plargaret's PCC and pa&s8d onto J J Galla9her. w88 agr88d Ih8t the fro8)Id of the bjilding would be pa8ge¢ {t0 W8Thth¢k Dl&tdct Counul Ihol the use of It would bg gr8nt¢d on 8 999yar lease 81 8 P8pp6rcom rent of £1 per y8ur. The ntract had Ihe Dwe$8 of Coventry a8 th8 Iwsle•6, Wa7r Dlstrict Councll aB lh8 lsndbrd aNJ St M8rg8rot'$ PCC as th• tenant. 11 ha8 since been Bm8nd8d to transfer Ihe to H8athrAJl8 Parish Chuth. The 188se ntalnB B break dBusa requinng Distrld Counryl to gwe 25 yearn notke rf It wshes to det•rrninè Iha leg90 In rMp8d or th8 Community Centm. Heathoe Panbh Church Is r8qulrnd to ge 6 monlhs 0ce rf R wshes to rellnqu18h Tr5pOn51Ity for the Communty Centro. Hualhcote PGC h48 bulkllng5 cawl In8W8nc8 through Warwlck Dl$thGI Councll for E2.5m¥lloD. H•8thcote PCC hag Publlc ond Products 11gtility cover of £5mIMi1 and Employ8r& Liability co¥w of £2.5million. A5IetS Tecognised bul not valued Sn the statement ol ags81& Bnrl ILgbiliUos Include thalrn Bnd lables In th8 Church anij Cantro, offic• equlpment Inchtdlng cofflpul8r&, stcnge. catertng equlprnent and ¢hor Itams owned lor Ihe 0rydaY use of the farAliliw. Church a¥80ts No value is pL4c8d mov8ble chufch tyrnishings hthd by the ¢hurchw8rdan on special trust for the PCC and whi¢h rewire 8 18cuIty for disposal, $inc? Ihe PCC considers thls to b8 inallenable propoty. Tanglbb fixed Assets Tanglbl¢ flx¢d 8s$ets are 51aled at cost lor degmed c¢81) rx valu8t1 8¢cumulgled dopreclalion and 8crurnul8t8d irnpaimgnl bsB88. Cost indudes costs dlreBty attdbut8bl8 to Man0 the os$81 ¢apable of operatyr6 g& Intended. fjwmdatson is wowded on all tsnglble fixèd asG8ts, al rates calculated lo wrtte off Ihe ¢osl, eslirnaied r84idual value, of each as$81 on a systematic ba819 over ils expected useful Ilfe a8 fdlow5'. Improvemen15 to woperty Fixiures and fltungs 25 years 5 y8ar8 Tax•¢lon The thartty18 exempl fnrn tsx on Its charita1@ activmes. Fund accountlng Geneml fvnds r8pre8onl the lund5 of the PCC that are not 8ubjeL to ary restn'dk)ns regarding Ihdr uso and &re available fDr appJlr211on on the gonBral PuOSeS of tha PCC. These may indudè funds d85ignaled for a particukir purpose by the PGG. Designated funds are funds deggnated for speclAc purposes by the PCC. Restricted lund8 repr888nl monles or ?55e15 r418ed or given for 5pedfl¢ purposes. These may not t6 u for any other reason mithoul express pemi551on of Ihe Chanty Commissioners or reven9 to the ongin81 donors or their fypresantalivas. Paoe 9 contlnued,..
THE PCC OF THÉ ECCLESIASTICAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL STATEMENTS- Gontlnu•d for the year ¢ndod 31 08mbr 2024 ACCOUNTING POLICIES- contlnu•d Pen51on G05ts and othgr p05t.rèllrpmgnt b•n•flts The ch8rfty operate5 a defined contributiDn pen6ion 8chetne. con1ribuoS payab18 lo the pensioTh Kheme are charged lo the Statement of Financ4a1 ACts.vie8 in the p6ri¢)Y to which th8y rèlat8. Débtors and credttorn recoSvabl8lpayablg wlthln on• y¢ar Ofybtors and cradttor8 wlih no slated interest rgtO Ond r8C8iV8bl• or payabl8 thIn one year wo recordad al transoetbn price. Any knsses ari$ino from Irnp8innent gfe recognl8ed In 8xpendlturts. Cash an(J c88h equlvaknnts a dgfined as being hlgNy Hqukl. vAlh a short maturty of1ess than 3 month$. Golnq Cuncem rhe finondel 8latsmentB h8V8 been propBred on 6 wln9 concom bB3KB 85 the tNste88 be8ve that no rn818rial unc8rt&lntlos èxkst. The trustees have nSIdered the18vel of ftjnds held 8nd the eXp&ed level of cL)m8 and eKpendibJre for 12 months frorn aulhori8ing Ih88e fina581 siaiem¢nt$. Th8 budgeled Incom¢ and •xpèndKurn is suThetht wth the level of reserv85 tha chaty lo bts atAe to ¢xnUnua as a golng concern. Rentsls payable and rg¢el¥ab18 under owralng leosas are t8fg•d to th• SOFA on g stralght Ilne b?¥18 ov¢r tha period of the kn85e. DONATIONS ANO LEGACIES 2024 2023 DrThtlonB Glft 81d Gront8 Regular glvlng Gllt aided regular gmnq 31.039 14,109 8,575 7,fj53 42,626 8,333 15,332 6,869 3,850 53,006 104,002 87.190 Gr8nls rncthved, induded ir th8 above, 8T8 a¥follows', 2024 2023 Lo¢01 Authonty Covhl Grants CoraVIruS Job Retention Stheme other gmnts 3,750 3,119 8,575 8,575 6,869 Page 10 conbnued...
THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL STATEMENTS. ¢ontlnued for thg year ond8d 31 Dgcqmber 2024 INVESTMENT INCOME 2024 2023 Dopwt account interest 2,105 1,710 TRU8TEES' REMUNERATION AND 8ENEFITS Thwe were no tru8le88' ffjmuneration or 0lh8r b8nefts for tho yoor ended 31 Decernbar 2024 n¢x for tj year vnded 31 Decembgr 2023 Tru•t•M' •xp•nM* During the y88r, no trust886 12023.. Non¢l received expBn8es from their rcAe Bs Trustee. Rev Budd received 8xpen$e8 In respect of hls ro 85 Vicar of tho P8ri8h. 8TAFF COSTS 2024 2023 W8ges ond 8BIFthe8 ¢Jhar pension L¥Jsts 17,855 14,839 155 18,139 14,994 Tha frra monlhty nunkner durtnG the year$ a• foll¢AYs'. 2024 2023 No amploye88 recead gmolurrants In exc888 of£80.thX. Key rnanagem8nl pernonnd remuneraafi beneflis lor the ye8r l¢ylalled £16,86512023'. £13.2771. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unre5trt¢led fund8 Restcted fund6 Total funds INCOME AND ENDOVthIENTS FROM Donabon8 snd IPSHe3 84,376 2.814 87,190 Ch4rh•blD i¢Uvltl•$ Church 8nd commtJrW centre 49,794 49,794 Investrrent Iome Other Incorne 1.710 1,726 1.710 1,726 Total 137,606 2.814 140,420 EXPENDuRE ON Raisng luTh4s 193 193 Page 11
THE PCC OF THE EGCLESIASTICAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL sTATEmES- continuod forth• y•ar ended 31 Dae•mb•r 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACmVtnES. contlnuod Unrestrtctad Reslricted fund8 fund Tolal fundj Charltsbh actmtl Church and ctmjnIty centre 135,673 24,171 159,844 Total 135,866 24,171 160.037 NET INCOME1(EXPENDUREj 1,740 121.3S71 119,6171 RECONCILIATION OF FUN08 Total fund8 broughtforward 470,853 28,469 499,322 TOTAL FUNDS CARRIED FORWARD 472.593 7,112 479,705 TANGIBLE FIXED A8SEf8 FSxiuras Piop8rty improvem8nl8 Itlng$ Total8 COST Al 1 January 2024 Additians 363,791 15,938 2,088 379.727 Al 31 t)8c8rthi2024 383,791 18.024 381.815 OEPRECIATION Al 1 January 2024 Charo8 for year 28.521 14.552 5,393 3.418 33.914 17,968 At 31 Oecember 2024 43.Q73 8.809 S1,882 NET BOOK VALUE At 31 December 2024 320,718 9.215 329,933 At 31 QeEemb8r 2tr23 335,270 10.543 345.813 Pege 12 conb'nu8d...
THE PCC OF THE ECCLESLASTW PAR15H OF HEATHCDTE NOTES TO THE FINANCIAL STATEMENTS- conunued forth• year onded 31 DEGemtser 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Olh8r debtors Ptspaym8nts and accrued Inccffje 11,089 876 7,623 842 11,965 8,565 CREDITORS.. AMOUNTS FALLING DIJE WIThIN ONE YEAR 2024 2023 TaxHlon 8nd god81 seeurfty Olh&r erndllor8 11,2021 4,725 6,483 3.523 6,483 10. MOVEMENT IN FUND8 movernenl In funds Ai 31.12.24 At1.1,24 Unrgjtrlctgd fundB Undeslgnated Generbl Church Unde91gnoted Gen•r81 Centre Déslonalod R•furbi5hment project Deslgn8t8d VkAr 8nd Worden8' H8r¢Jghlp 85,194 35,707 350,692 14,S18 30,214 117.8191 g9,7t2 85,921 333,073 1,000 1,000 472,593 27,113 499.706 RtrIcted fund• Church Facillties Jack In the Box equlpfflént Refurbishment PTOjQCt SeNiro Heaihcot• 1.796 18471 13881 1,149 272 2.174 2.317 2,174 2,482 11651 7,112 11,2001 5,912 TOTAL FUNDS 479.705 25.913 5D5,618 Pag8 13 CO)n¢d...
THE PCC OF THE ECCLESIASTICAL PARISH OF HEATHCOTE NOTES TO THE FINANCIAL STATEMENTS- continued for the yearendo¢ 31 D•c•mb•r 2024 10. MOVEMENT IN FUNDS. contlnue(I Nel mov8rn8nt in funds. IndUd In thp abovg are as lollows.. Incornlny Re8TL Movem8nl r8$oUe9 expended In funds Unr••tdrted funds Und95ignaled General Church Und8signated General Centre 08sign8t8d Refurblshmenl prdecl 104.6 64.734 190,1781 134,5201 117,6191 14.518 30.214 117,e191 169,430 1142,3171 27,113 R•$trl¢t•d lund• Chufch Facili8$ J8d( in tho 8ox equlpment Serviry HeatI0t¢ ie471 13881 15451 16471 13881 11651 380 11,5801 11,2001 TOTAL FUNDS 169,810 1143.8971 25,913 Comwratlvm for M0m•nI In fvnd• Nel movement In fund8 At 31.12.23 At1,1.23 Unr•otrlGt•d lund¥ Und•81Gnaled G8ner•l Church Unde5ignaled General Centre Oeslgnated Refulshment project Oeslgnaled vir 8n4 WBrden$' Ilardshlp klis$lon$ & CA85 73,584 23,052 367,817 11,810 12,655 117.1251 85.194 35,707 350.692 1,000 5.400 1,000 15,4CQI 470,853 1,740 472.593 R•strldad funds Church Facilities Jack in the Box eqUIpt Rafu1$hM8nl Project sng He8thcoig 24.594 721 2,174 122,798) 1,796 2,174 2.482 1.502 28,469 121.3571 7,112 TOTAL FUNDS 499,322 119,6171 479.705 P8g1 14 nllnued...
THE PCG OF THE ECCLESIASTICAL PARISH OF HEATHCOTE NOTES TO TNE rnANCIAL STATEMENTS- contlnu•d lor the year ended 31 Decernber 2024 MOVEMENT IN FUNOS- continued ComparAbve ngt rnoveTnent In fund8, induded in tha 8bov8 ar8 48 follcws". IncomlNJ resources RTts Movement exppnded In ftJnd8 Unrestrlctsd funds Und85ign8ted G8nBral Church Undo$ignated General C8nlre D8$i9na¢8d Refurb15hment proj8¢t Ml$$lons & chan?6 87,277 50.329 175.6671 137,6741 117,1251 15,4001 11.61Q 12.655 117,1251 (s,4) 137, 1135,8661 1,740 R•8trt¢t•d funds Church FBGili1105 Jack In th8 Box w4ulpment seng He8thcot8 122,7981 122,7981 2,814 11,3121 1,502 2.814 124,1711 121.3571 TOTAL FUNDS 140,420 1180,0371 119.8171 The Gen6rBI Church and Gan8r81 C•nlr8 funds fepre8anl the frtrB rnseM8 of the tharfty that are not dgglgnalgd or re$lrided lor particular puws. Th8 d88ign8ted fwfjs hav• baen bel up to en81& Id•nNfl¢aUon ol Ihog¢ lund$ that ore not fvnd8 but deslgnated for a partlcular purpose I project. The roBtrict8d Churth F•d11•S frjnd ulven lo Improve the fodlthu cf the church. The rèjtr'ed Jack In Iha aox fund repr98enl fvnds mstrid6d to be spenton equIpMt. RELATED PARTY OISCLOSURE8 Th8rg were no relalerj p8rty tran88don8 for thg year ended 31 Oe¢emb8r 2024, Pag815
THE PCC OF THE ECCLESIASTICAL PARISH OF HEATMCOTE DÉTAILED STATEMENT OF FINANCIAL ACTivrriES forth8 year end•d 31 D•c•mb•r 2024 2024 2023 INCOME AND ENDOWMENT5 Donaklan• and legacl•s 0(aOn$ Gifi aid Grants Regul8r9bMng Gift aidad reoulgr gmng 31.039 14,109 8,575 7.653 42,628 8.333 15,332 e,869 3.650 53.006 104.CW]2 87.1 Imieltmont Incom• D8POSit account interest 2,1LIS 1.710 Charllibl• •ctlvltl•8 Rfy)m hl 63,474 49.794 oth•r Incom• Fae8 and miG¢dloneou8 Sdar Panels 95 134 207 1,519 229 1,728 T<•1 InGomSng t•1£• 189,810 140,420 EXPENOITURE Oth•rlrndlny •ctlvFtI•B 8gd d8bl8 193 Chathbl• •¢tl¥ltl•• Wage5 Pensions Rates and w818r Insurance Llght and heat T818phonp Postage and 8tsIonery Adrninistration Outreach & evanY1M Cleryy exp8ng88 SeNce5 & Sunday 8chool Ml$sion and gNlng Safbvdrelhardware P8ri8h share Carried forward 17.855 14.839 155 729 1.388 13.061 1,795 1,424 909 210 929 1,813 7,712 871 55,000 100,835 588 1,646 12.478 1.419 251 659 2,313 7,025 1,082 64,686 111.403 Thk8 ptye does not fo part of the statutory finand81 stst6ments Page 16
THE PCC OF THE ECCLESIASTICAL PARISH OF HEAThCOTE DETAILED STATEMENT OF FINANCIAL ACTfiiTIES forth* •r ond•d 31 Decambor 2024 2024 2023 Charftabla actlvlll Brought fomard Property eosts SubwthpuS & Ilcanc8B Profe8wonal Foes Other expenses D8pr8claUon ofpropety Imw8m8nts Dgwedauon offure8 and flth"ngB 111.403 8.865 1,015 751 2,510 14.552 3.416 100,835 40,243 S26 13,970 2,836 142.512 158.519 8upport ¢o•ts GO¥•rn•n ea•ts Inthpgndent Examlnor¥' feo 1,325 Totsl Mscurras 00nded 143,897 160,037 N•t Incom•ll•xp•ndlluv•l 25,913 119,8171 Thrd P8ge doa8 not IC p8rt ofthe 5ts1utory flnancml stdtsments Pag8 17