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 ECCLE5￿51IcAL 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(pt￿l 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 AcTIV￿lEs Oblg¢tlves antl alm¥ The Parochial Chuth Council IPCC.) of Ihe FrA*sia$lic41 Parfsh ol Heathcate. alsr> known 85 Heatrcote Parish Church IHPCI, has rBspDnslblllty Df cO￿perating vAlh the Inojmbenl, R8v Rob Budd. in wmoling, In the 8r%l88iaslic81 pwsh. th8 %thol? misslon of the Church, pastor81, ?v8ngelistbc, soci818nd ecuMenr￿1, Our pr8yar is that Ihe people oltm parfsh will come to know the fullno55 of lifts which Chnst offers. Tha PCC 18 commltted w prO￿￿l￿g B vlbrant worshlpping communty %thich peopb in the p8rfsh and beyond can be w*lcom•d Inlo. i•rYic8s and Èvents alm to help people put faith into practice Ihrough pr8ygr, Scrlptur?, music and fellowAhlp. When pkrynning our actlvlll8$ each year, we have ¢on$ld8rod the CommI55￿￿'S guld8nce on public b8n8fil 8nd, In partlCLJlar. the supplementary guidance on tharits'es for the 8dv8ncement of religlon. In parUGular, we try lo eTha￿e people lo Ilve out Ihdr faith a8 part cf our churc* wlnrnunily through.. ' Worshlp and prayer. Iwning about thg gosp81', and d8V81oping knowledg8 of and tFU8t In Je8U8 88 Lord. Prov13￿￿ of pa5tord care ' Mlgsion and outr&&ch To f8dNt8t• Ihla WLvk. ￿ 8nsuT8 that Ihe labrfc oltho chU￿h and Communlty C￿tre arn maintained. ACHIEVEMENT AND PERFORMANCE Charltabl• actfvltl A5 parf of HPC's ongcAnq mlsslon to ser¥8 cgmmunlty, thfr PCC agM•d to glft tho chureh 6poce to Warwlck Dlsthct Foodbank aB Lh8 Monday collèctlon point for clients trom February 2024. vthich has been hugely appret¥Bted a& a walo)ming space. The PCC also approved bec(Knlng 8 mEmbBf chur¢h ol iho charity. A team ol volunt•or8 ￿ntinUed to run the weekly 'He8thcole Hub, w 8 Thur8d8y hjnchlme. 6eMng lunch 8nd other r8freshrnent8, Alory$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$ion to anloy thg wami, welwming space. Once a month, HPC host8 tho Vour Farn￿r Marf(et' 41ongglde th8 Hub, sUppo￿ng approxifflalely 40 hxal larnlli85 wlh good quallty food. ThiB haj proved so ￿eficIal thot we sre tyeroling a Wai￿n9 list for referr•lJ 10 the sch8rn8. Fundr¥lglng actl¥rtl• HPC'S charitable attfvits'es are funded lafgefy by 8 mix of r¢gular (kn8tion8 Bnd hall hirq. Th? PCC makes aWic8Don5 for 8ddiUonal grants bther¢ Il is ekgibb to do 80. Comrnunty •dvlllos were g8nerou$ty supported through the yegr by grants fr￿ wa￿th 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 P￿Ition The Iinanckgl statements for Ihe year ended 31 D8C8mb8r 2024 are appended, as appmv8d by Ihe PCC. The ar￿unt8 have been prepared on an aeewa15 bas￿ and 8xamlned by LDP Luckmang. The accounts for the year ended 31 p￿T￿ber 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 ￿￿0k1￿8. Income eXCe￿jed exp8ndtture by approx £30k12023.. 4kl. Church aGtlvlbes relum8d a n818urplus or £12.7k. wth unrestricted donati£￿ incorn• linduSNe of Glft Aidl of £95k off8&ll￿g 8n Increased Parf8h sha￿ conldknjts'm of £65k. Cornunity Ctntrts a(Aiwbes returnod a Sur￿u8 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 InCrea￿ng to £504k 12023.. £480kl. Tlthe donatkffj5 toiolling £8.1k w*re paid to MIS￿(￿ part￿r$ 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 Facil1￿8¥ Fund to upgr4de Ihe cr•ch8 faalilies. EKp8ndtture af £39J Induded a now a￿ork orsd deo)reUng the rrJ)m. The PCC also aorÉ8d lo donate £500 to the Community Centre mural. Dudng Iho year ended 31 Oer*mber 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'a*vo8. 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 att￿bUt8tye 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 f￿8￿$ will bè u8ed to Support and uTrJerpln our community work Ihrough Improvem8nts to the SPL￿ Hall. FUTURE PLANS Lrt￿ng ahead, we have committed lo continulng to pay our Padsh Share at the fvll con1rf￿10n, 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 dr￿UMent, 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 D*G•mbpr 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT ¢h8rity con8￿tution 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 Congrega￿On who ar8 on Ihe 818Ctoral roll of Ihe church. All thos8 ar8 rnemb8rs of Lh6 congre9alion are e￿COuraged lo rwalsler on the Eiqctor81 Rdl 8nd 8tsnd fu elecyon to Ule PCC. The Iw$lg8& durln9 the year are Msted (*) page 4. ThB PCC met e times during th8 y80r. Th& PCC oper8t•8 through B nufflbar of cunmitte•8. I￿1¢h mttt between full meetings of the PCC. The PCC has B5th11$h8LS the kll(y•lrwJ 5uWrOu￿.' . standlng Cornrnittea - Heaihcote Cornmunlty Contre Managem8nt Cunmtttag . Fobrlc cornm￿88 To note, tho BU1￿1￿ Steedng Grcup ha8 now disband8d folk￿ing Complett￿ of th• buildlng renovJllon prolect. mqmbwship ol tho groupa is 8et out on page 4. Al groups report bad( ¢0 the PCC follo￿￿n9 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 re￿eW 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 pc*enU61 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 princ1￿1 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 Decern￿r 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 H*Jnl 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•nagerr*nt Cunmittee FC- memb&r of Fabric Cornmfftee Key ManDH•rnanl P•rnonn•l M To%￿s9nd- Heathwte CoM￿nItY 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 Charit￿5 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$lon under SectKJn 14515llbl olth8 Act, Independ•nt •xamlnarf* Jtstem•nt I have completed rny examin8lion. I confirn thgt no rnBt0ri81 matt8r8 hav¢ coma lo my attention in connection vAth the e¥arninalion g￿Ing m8 cau58 lo believe th&1 In any mat8rio1 r95P8Ct. aeetsuntlng remrds were not k8pI in respect of the Trust OS Tequire¢l by Sedion 130 of the Ad., or tho account5 dc not acc(>rd with those r•cord5', or the acwunts not comply ￿th the 8pplicabb requiréments o)nc8ming thé fomi and conl8nt ol 8ccouiII8 set cyjl in the Charities (Accounts 8nd Reports) Regulatk)ns 2008 other than gny requlrement that a¢￿￿nts glve 3 true and ljlrview Is not a matter con5ider•d as part of an ￿￿epend￿nI 8xaminat￿n. I hjve nD c￿cernS and have come across no olher m8tter8 In (￿nn8￿tIOn wth the exarnln8￿.on to which attenlon should b8 drawn In th18 rwrt in ordor lo enable a prLV8r under8tandlng cf the BCLYJunls 10 bo reachBd. M D Sp8ff¥¥d FCCA FCA LDP Lucknans 11 to El¥ott Court Coventry 8ugines8 Park Hefdkl Avenue Covonlry W851 Midlands CV55UB Date...,C,71. 7U.AAf....lo Page 5 THE PCC OF THE ECCLEStA5TIGAL PARISH OF HEATHCOTE STATEMENT OF FINANCIAL ACTMTIES fortho year onded 31 DgG•mb•r 2024 2024 Tot81 fijnds 2023 Totsl tunds UTrrestrfct8d hjnds Reslncted fund$ INCOME AND ENDOWMENTS FROM Don8￿onS 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 ￿ti￿lIe8 Churth and communlty centre 142,318 1,579 143.897 159,844 Total 142.318 1,579 143.897 160.037 NET INCOmEIIEXPEND￿uREl 27,112 25,913 119,6171 RECONCLIATION OF FUNDS Totsl fvnd¥ brought tO￿ard 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 sta￿ments 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 fITw￿la[ 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 lAce￿nts and Ru￿s) Regulations 2W8 onty to th8 extent f8qulrsd to provld8 8'tru8 and falr . Thls departure h8$ invo5ved fdk)%*lng the ￿ntIng and Repo￿￿9 by Chart1￿5". Statement ol Recommended PTacticg ap￿ICat￿8 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 In￿Me 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 qual￿1ft9 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 re1h￿y. If onlrtlem8nt1s Thot mel then Ihese amounts a¥e delerTed. other vrdlnary Inc