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2024-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF OUGHTIBRIDGE

Known as Oughtibridge Parish Church

Registered charity number 1196843

Annual report and unaudited financial statements For the year ended 31 December 2024

Contents

Contents
Page
Annual report of the PCC 1 - 7
Independent examiner’s report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the accounts 11 - 17

Oughtibridge Parish Church Annual report of the PCC For the year ended 31 December 2024

Aims and Purposes

Oughtibridge Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent Revd Chris Tufnell (Vicar) in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and Parish Centre complex of Oughtibridge Parish Church (OPC).

Objectives and Activities

The PCC’s objects are promoting in the ecclesiastical parish the whole mission of the church.

The PCC is committed to enabling the church to reach as many people in Oughtibridge parish (which includes the villages of Worrall and Wharncliffe Side) and beyond with the good news of Jesus Christ, so that they repent and come to faith in Him as their Lord and Saviour and join the OPC church family.

When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion.

In addition to a weekly Sunday morning service, our activities include:

Gathered Worship and Prayer:

Small Groups:

Other Discipleship:

Evangelism

1

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2024

Community and Outreach

Review of the Year

There are 116 people on the electoral roll (130 people in 2023), 29 of whom are not resident in the parish. During the year the electoral roll was fully refreshed. The average weekly attendance counted during October was 157 (identical to 2023).

Corporate Worship

Continued growth through 2024, alongside some people moving away and leaving the church family, led to slightly higher overall in-person attendance at our Sunday services compared to 2023. Seeing new people come to faith or join the church family has been a great joy, for which we give thanks. Through the year, we were delighted to see 2 infants and 9 children and adults in our church family baptised.

Our average weekly attendance on Sundays across the year was 164.

Throughout 2024 we have continued livestreaming our Sunday services. On average, each service receives 20 ‘Peak Concurrent Views’ (this is the number of devices watching live, during broadcast; the average number of views of each service is usually between 170-250). Some of these views are members of the church family catching up if they were unable to attend in–person (for example, because they were serving in the children’s ministry or are shift– workers who sometimes have to work Sunday mornings). Many of these ‘views’ are local and non–local spiritual seekers, some of whom have then begun to attend in–person. We are also joined by local and non–local Christians, some housebound, some unable to find a church local to them where they feel able to worship. This ministry is a very valuable one, which is serving many people very well indeed. We must continue to be very grateful to the volunteers who serve each week on the tech desk to provide this service.

During 2024 we held two ‘Prayer and Praise Evenings’, to provide an opportunity for an extended time of sung worship and in to help with preparation for the launch of regular evening services, which began in January 2025.

Church Staff

Throughout 2024, Anna De Castro and Ella Thompson continued in their respective roles as Children, Youth & Families’ Worker and Church Administrator. Due to expected maternity leave for Ella Thompson, the PCC advertised for the post of ‘Church Administrator – Maternity Cover’. The wardens led this process and Rebecca Tufnell was appointed to the role, which she took up in January 2025.

In March 2024 interviews were held for the role of Associate Vicar, leading to the appointment of Reverend Michael Nicolson, who began as the Associate Vicar in August 2024, employed directly by the PCC.

2

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2024

Outreach

In addition to our regular activities (above), a wide variety of outreach events were held during the year, including:

All of these events were well-attended, with 51 children joining us for our Holiday Club being a particular highlight.

Chris Tufnell, Anna De Castro and Michael Nicholson continued regularly visiting Oughtibridge Primary School to deliver assemblies and Coumes Spring Nursery more occasionally.

We also continued our outreach to older members of our community, living in residential care facilities in the parish. We held monthly Sunday afternoon services at Coumes Brook Residential Care Home, and occasional visits to the residents of Westnall House, including to sing carols and deliver gift bags at Christmas.

Our weekly Community Café, serving low-cost breakfasts every Thursday, continued to be well attended.

We also held two courses for those wishing to explore the Christian faith further, the ‘321’ course in the Spring Term and ‘Encounters’ in the Autumn Term.

Through the year the ‘Bless the Parish’ fund continued to be used to support local families affected by the cost of living crisis, through the provision of supermarket gift cards. These were distributed to eligible families through Oughtibridge Primary School and Wharncliffe Side Primary School.

We have continued to distribute ‘Welcome Bags’ to new residents.

Certainly our most effective evangelistic ministry continues to be our Sunday service and it is a very rare Sunday when we are not joined in-person by a newcomer or non-Christian.

3

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2024

Mission Partners

During 2024, OPC continued to support the following Mission Partners:

St Matthias, Stocksbridge

During 2024 there was no further progress with the St Matthias, Stocksbridge ‘Back to Life’ campaign. Our hope and prayer is that we might be able to repair, reorder and reopen the building and send a team to plant a church there in the coming years. At the end of 2024 this fund stood at £33,286. Fundraising efforts were paused in February 2023 to take stock of the wider situation in the Church of England and because a curate was not appointed to OPC in 2023, which is required for the church plant to take place. The diocese did not appoint a planting curate in 2024 either, which has again paused progress. We continue to pray for the appointment of the right person as a ‘planting curate’ and for the significant funds required to realise this vision. Chris Tufnell has been in conversation with senior diocesan staff to seek a solution to the funding needs for this initiative.

Chapel Auditorium Refurbishment

During 2024 the refurbishment of the Chapel Auditorium began (completed in March 2025). This was a major piece of work that has realised the vision for a flexible, modern space that continues to honour its history. The project has included: the ceiling and walls being insulated and re-plastered, the old windows being preserved between doubleglazing, new panelling on the walls, a total re-wiring, new lighting, a new heating system and boiler, new PA and AV facilities, redecoration, carpet and new chairs. This space will now be used for a wide range of purposes to meet our expanding ministry needs.

Special thanks must be given to John Scarffe, Adrian and Caroline Little, Dave Gill, Matt Brook, Felicity Hall and Joel Daniels, for the generous investment of their time, gifts and energies in the realisation of this project.

Safeguarding

Throughout the year, the PCC believe they have complied with the duty to have ‘due regard’ to the House of Bishops' Safeguarding Policy and Practice Guidance.

In 2024, Andrew Thompson and Angela Howard have remained in their posts as Parish Safeguarding Officer (PSO) and Deputy Parish Safeguarding Officer (DPSO). They have continued overseeing Safer Recruitment and have responded to safeguarding concerns promptly. The PSO continues to present a safeguarding report to the PCC each month and is pleased to report full support from the Incumbent, Wardens and PCC.

4

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2024

As always, the task of the PSO and the whole church family is to work towards achieving this goal: create and maintain a safe, caring, open and transparent environment in which survivors and the vulnerable can hear and experience for themselves the love offered to them by their Lord and Saviour, Jesus Christ.

Financial Review

General fund

Income into the general fund in 2024 amounted to £206,534 (2023 - £160,252). Planned giving receipts increased to £126,472 (2023 - £108,140) reflecting the increased number of church family members, and £31,295 of gift aid was recoverable (2023 - £23,274). Non-recurring donations of £19,907 were also received in the year (2023 - £2,897). Investment income totalled £2,660 (2023 - £2,529) and letting income totalled £11,753 (2023 - £6,758). Service support for weddings and funerals (verger, music bands, PA/AV, livestreaming provided on request), events and the community café gave an income of £14,387 (2023 - £15,289).

Expenditure from the general fund in 2024 was £159,802 (2023 - £155,825). £15,600 has been paid to the diocese for common fund support (2023 - £14,520). Mission and evangelism costs amounted to £21,889 (2023 - £20,612), and church running costs amounted to £39,580 (2023 - £38,238). A detailed breakdown of these costs is given in the notes to the accounts. Included in this were Internal ministry costs of £7,291 (2023- £7,893). Outreach resources of £4,425 (2023 - £2,721) included numerous low-cost items. The increase compared to the previous year reflects the increased growth and activity of the church.

Net general fund income for the year was £46,732 before transfers. The general fund had a balance of £178,874 (2023 - £134,209) at the year end, which is represented by fixed assets with an accounting value of £28,386 (2023 - £31,819) and free reserves of £150,488 (2023 - £102,390).

Other funds

Income into restricted funds equalled £49,216 whilst expenditure equalled £26,029. As of 31 December 2024 there was a balance in the restricted funds of £77,619.

The main two restricted funds are St Mattias (£33,286) alongside grants and donations to support of the Associate Vicar post (£38,208). The restricted funds note in the accounts gives a summary of the movements on each restricted fund.

The PCC also holds endowment funds (gifts, mostly in the form of shares to generate income) with a value on 31 December 2024 of £82,810 (2023 - £81,057). The majority of these arose on sale of Church of England schools which can be spent on general purposes if required.

For the church planting designated fund, £20 was spent supporting the St Matthias ‘Back to life’ fundraising activities, and an additional £3,000 had assigned to the fund at the end of 2024 taking the total to £7,658.

Reserves policy

The PCC has determined that the free reserves held should be three months of regular budgeted payments. This amounts to approximately £39,771 for 2024. Free reserves (general fund excluding tangible assets) amounted to £150,488 at 31 December 2024 (2023 - £102,390). We thank God that these funds well exceed the target.

5

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2024

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission.

The method of appointment of PCC members is set out in the church representation rules. All church attendees are encouraged to register on the electoral role.

The PCC met 10 times during the year.

Administrative information

Oughtibridge Parish Church is in the centre of Oughtibridge, Sheffield. It is part of the Diocese of Sheffield within the Church of England. The church serves the villages of Worrall and Wharncliffe Side as well as Oughtibridge. The correspondence address is The Vicarage, Church Street, Oughtibridge, Sheffield, S35 0FU.

PCC members who have served at any time from 1 January 2024 until the date this report was approved are:

Ex Officio members:

Incumbent The Reverend Christopher Tufnell (Chairman) Associate Vicar The Reverend Michael Nicholson (from 1 August 2024) Warden Andrew White Warden Helen Kean Treasurer Jon Burbridge Safeguarding Officer Andrew Thompson General Synod Anna De Castro Deanery Synod Lynsey Frost Mendes De Castro (until 28 April 2024) David Stanley (until 28 April 2024) Joanne Brook Steve Asbery Jacqueline Shapland Joseph Rose Philip Hobbs Sheila Atkinson (from 29 April 2024) Stephanie Dennis (from 29 April 2024)

Elected members:

Accountants

Seven Hills Accountants Limited 57 Burton Street Sheffield

S6 2HH

6

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2024

PCC responsibilities in relation to the financial statements

The charity trustees (PCC) are responsible for preparing the Annual report of the PCC and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the PCC on 15 April 2025.

Signed on their behalf by:

Rev Christopher Tufnell Incumbent and PCC Chairman

7

Independent examiner’s report to the PCC members of Oughtibridge Parish Church (the Charity)

I report to the PCC members on my examination of the accounts of the Charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the PCC members of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S Lightfoot

15 Apr 2025

Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

8

Oughtibridge Parish Church

Statement of financial activities For the year ended 31 December 2024

Notes
Income from:
Voluntary giving
Planned giving
Service collections
Non-recurring donations
Gift aid recovered
Grants received
Investments
Bank and CBF Deposit Fund Interest
Sale of Worrall School - dividends
Fanny Lambert - dividends
Churchyard - dividends
Church activities
Fees relating to weddings and funerals
Events, service support, cafe
Church centre and chapel lettings - community use
Other income
Total income
Expenditure on:
Church activities
Mission Support
Common fund support
Salary costs
4
Clergy and staff expenses
Clergy and staff conferences and training
Church expenses
Mission and evangelism costs
2
Church running costs
3
Church major works
Church Centre refurbishment
Chapel refurbishment
St Matthias costs
Total expenditure
Net gains/(losses) on investments
8
Net income/(expenditure)
Transfer of funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 General
fund
£
126,472
60
19,907
31,295
-
177,734
543
1,866
24
227
2,660
2,482
11,905
11,753
26,140
-
206,534
11,685
15,600
43,021
11,920
1,791
21,889
39,580
14,316
-
-
-
159,802
-
46,732
(2,067)
44,665
134,209
178,874		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
75
20
-
-
-
-
95
-
(95)
3,000
2,905
5,578
8,483		 Restricted
funds
£
2,040
-
4,413
625
39,536
46,614
66
-
-
-
66
1,870
-
-
1,870
659
49,209
1,676
-
21,888
83
-
1,519
232
-
-
536
-
25,934
-
23,275
(933)
22,342
55,277
77,619		 Endowment
funds
£
-
-
-
-
-
-
7
-
-
-
7
-
-
-
-
-
7
-
-
-
-
-
-
-
-
-
-
-
-
1,746
1,753
-
1,753
81,057
82,810		 Total
2024
£
128,512
60
24,320
31,920
39,536
224,348
616
1,866
24
227
2,733
4,352
11,905
11,753
28,010
659
255,750
13,361
15,600
64,909
12,003
1,791
23,483
39,832
14,316
-
536
-
185,831
1,746
71,665
-
71,665
276,121
347,786		 Total
2023
£
112,220
821
39,569
24,842
50,360
227,812
475
1,838
24
224
2,561
1,140
14,703
6,758
22,601
1,090
254,064
7,018
14,520
49,207
1,520
1,509
29,683
38,444
-
176,691
3,250
612
322,454
6,560
(61,830)
-
(61,830)
337,951
276,121

9

Oughtibridge Parish Church Balance Sheet As at 31 December 2024

Notes
Fixed assets
Tangible assets
7
Investments
8
Total fixed assets
Current Assets
Balance at bank and cash
Debtors
9
Total current assets
Creditors: amounts falling due within one year
10
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Total net assets
Represented By
FUNDS
General fund
Designated funds
11
Total unrestricted income funds
Restricted income funds
12
Endowment funds
13
14		 2024
£
28,386
78,020
106,406
201,252
44,923
246,175
(4,795)
241,380
347,786
-
347,786
178,874
8,483
187,357
77,619
82,810
347,786		 2023
£
31,819
76,274
108,093
161,713
12,906
174,619
(6,591)
168,028
276,121
-
276,121
134,209
5,578
139,787
55,277
81,057
276,121

The financial statements were approved by the PCC on 15 April 2025.

Signed on their behalf by:

Rev Christopher Tufnell Incumbent and PCC Chairman

10

Oughtibridge Parish Church Notes to the financial statements For the year ended 31 December 2024

1 Accounting Policies

The accounts (financial statements) have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs.

The exemption to prepare a Statement of Cash Flows has been taken.

The PCC constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared under the historical cost convention except for the valuation of investment assets. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

b Fund accounting

Unrestricted income funds comprise those funds which the PCC are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Endowment funds have arisen as a result of gifts (primarly of shares) made to the PCC, where it was primarly expected that the capital would be held to generate income, but could be spent if the trustees so determine. Details of these funds are given in note 13.

c Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aided donations is usually accrued for on the donation date except in relation to some major projects (see below). Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due is quantifiable and its ultimate receipt by the PCC reasonably certain.

Although the PCC is legally entitled to claim Gift Aid tax on donations received in respect of major projects, the PCC’s policy is not to reclaim tax where there remains any significant doubt about whether a project will proceed as proposed. For this reason, no Gift Aid tax will be reclaimed on donations to the St Matthias project until the PCC has confirmed the project will go ahead.

Rental income from the letting of church premises is recognised when the rental is due.

Bank interest is accounted for when receivable.

d Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Mission support

The church supports mission in the UK and around the world. Where a particular mission partner is supported over a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability.

Whilst the support has no final end date, the Council assesses mission partner funding on an annual basis and is confident that the mission partners would not view their support as an open ended obligation on the part of the Council. The annual commitment only is accounted for in these financial statements.

11

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2024

1 Accounting Policies - continued

e Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and benefice property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time.

Equipment

Equipment used within the church premises is depreciated on a straight line basis over its useful life: Music/PA/AV equipment 5 - 10 years

IT,office and other equipment 5 - 10 years

Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired, unless the equipment is deemed part of a larger project.

f Investments and realised gains and losses

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

g Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

h Pensions

The organisation has a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

i Taxation

As a charity, the Church is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

j Going concern

The financial statements have been prepared on a going concern basis as the PCC believe that the charity will continue to operate for 12 months from authorising these financial statements.

2 Mission and evangelism costs

Children's resources
Youth resources
Café expenses
Outreach resources
Fees paid re weddings and funerals
Youth events
Internal ministry costs
Prior year fund split:		 General
fund
£
1,467
309
7,549
4,425
749
99
7,291
21,889
20,612		 Designated
funds
£
-
-
-
-
-
-
75
75
100		 Restricted
funds
£
-
-
-
829
-
690
-
1,519
8,971		 Endowment
funds
£
-
-
-
-
-
-
-
-
-		 Total
2024
£
1,467
309
7,549
5,254
749
789
7,366
23,483		 Total
2023
£
1,421
1,017
7,255
9,800
1,263
934
7,993
29,683
29,683

12

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2024

3 Church running costs

General
Designated
fund
funds
Note
£
£
Church insurance
2,735
-
Church utility costs
4,176
-
Church maintenance
2,077
-
Parish centre and chapel building running costs
18,166
-
Music/PA/AV
Music/PA/AV equipment depreciation
4,037
-
Music copyright, subs, piano tuning etc.
2,172
-
Administration
Churchsuite, payroll bureau & planning centre
1,385
-
Printing, postage and stationery
1,482
-
Other running costs
244
20
IT, office and other equipment depreciation
1,279
-
Bank charges and processing fees
565
-
Legal and professional fees
232
-
Independent examination fee
6
1,030
-
39,580
20
Prior year fund split:
38,238
-
Staff costs, PCC remuneration and expenses, and the cost of key management personnel
Salaries
Employer's national insurance costs
Employment allowance
Employer's pension contribution
Average number of employees		 Restricted
funds
£
-
-
172
-
-
-
-
-
-
-
60
-
-
232
206		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
2,735
4,176
2,249
18,166
4,037
2,172
1,385
1,482
264
1,279
625
232
1,030
39,832
2024
£
56,947
4,815
(4,815)
7,962
64,909
2.4		 Total
2023
£
2,681
4,138
5,211
14,472
3,973
1,357
1,290
2,226
-
1,105
551
1,140
300
38,444
38,444
2023
£
43,153
3,471
(3,471)
6,054
49,207
2.0

No employee earned £60,000 per annum or more in the current or preceding accounting period.

PCC members were not paid and did not receive any other benefits in their capacity as PCC members in the year (2024: £nil) neither were they reimbursed expenses in their capacity as PCC members during the year (2024: £nil).

The key management personnel of the charity comprise the PCC members, which include the clergy. A common fund contribution of £15,600 was paid to the Diocese of Sheffield towards clergy remuneration (2024: £14,520). Other clergy expenses, including housing costs, were £12,003 (2024: £1,520).

The following employees were employed by the PCC whilst being voting PCC members, or were spouses of voting PCC members during the year:

Employee
Position
M Nicholson
Clery and PCC member
A De Castro
PCC member and spouse of PCC member
E Thompson
Spouse of PCC member		 Remuneration benefits
2024
2023
£
£
24,957
-
44,597
42,284
11,110
10,483

Remuneration benefits include salary, employer national insurance contributions and pension contributions, book allowance, conferences travel costs, and housing.

5 Related party transactions

PCC members and (and close family) donated £35,620 before Gift Aid without conditions (2024: £33,722). PCC members (and families) donated £2,500 before Gift Aid to restricted funds (2024: £2,115), however these are all donations in to existing funds and do not place further restrictions on the use of these funds. (Where a PCC member has only served for part of the year, donations are included for the whole of the financial year.)

Grants were received from the following trusts during the year, which had trustees (PCC members) in common.

Grant funding charity
Relationships with PCC members
Purpose of the grant
The Langsett Trust
Rev Chris Tufnell is a trustee
Kids & Youth Work		 2024
£
-		 2023
£
38,460

13

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2024

5 Related party transactions - continued

The Langsett Trust received £6,000 for the rental of the associate vicar housing. Rev Chris Tufnell was a trustee of the Langsett Trust during the year. The trust is not controlled by Oughtibridge Parish Church PCC. The amounts paid are considered by the PCC to be either market price or at a discount to market price. The key benefit of this rental arrangement to the PCC is the long-term availability of rental property suitable for the church's staff accommodation.

6 Independent examination fee

Independent examination fee
Other fees paid to the independent examiner's organisation - accountancy services
7
Tangible assets
Music, PA and AV
equipment
Cost or Valuation
As at 1 January 2024
38,182
Additions
644
As at 31 December 2024
38,826
Depreciation
As at 1 January 2024
10,668
Depreciation charge
4,037
As at 31 December 2024
14,705
Net Book Value
As at 31 December 2024
24,121
As at 31 December 2023
27,514
8
Investments
Valuation b/fwd
Gains/(losses) during the year
9
Debtors
Gift aid receivable
Other debtors
10
Creditors: amounts falling due within one year
Trade creditors
Other creditors		 2024
£
1,030
-
Other
equipment
£
6,154
1,239
7,393
1,849
1,279
3,128
4,265
4,305
2024
£
76,274
1,746
78,020
2024
£
44,044
879
44,923
2024
£
3,656
1,139
4,795		 2023
£
300
1,140
Total
£
44,336
1,883
46,219
12,517
5,316
17,833
28,386
31,819
2023
£
69,714
6,560
76,274
2023
£
12,124
782
12,906
2023
£
5,151
1,440
6,591

14

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2024

11 Designated funds

Church Planting
Discretionary Fund
Church Planting		 Balance at
1-Jan-24
£
4,678
900
5,578		 Income
£
-
-
-		 Expenditure
£
(20)
(75)
(95)		 Transfers
£
3,000
-
**3,000 **		 Balance at
31-Dec-24
£
7,658
825
8,483

Funds set aside to support future church plant/grafts. The PCC set aside a further £3,000 during the year. Discretionary Fund

The OPC Discretionary Fund exists to aid members of the church family in immediate financial or material need.

Prior year comparison
Church Planting
Families, Children & Youth Worker's Fund
Discretionary Fund		 Balance at
1-Jan-23
£
2,290
10,000
-
12,290		 Income
£
-
-
-
-		 Expenditure
£
(612)
-
(100)
(712)		 Transfers
£
3,000
(10,000)
1,000
(6,000)		 Balance at
31-Dec-23
£
4,678
-
900
5,578
Family & Children Worker
Kids & Youth Work
External Christmas lights
Oughtibridge Christian Council
DBF Fees
Burngreave Food Bank Donations
Bless the Parish
Associate Vicar fund
Chapel Rennovation
Defibrillator grant
St Matthias		 Balance at
1-Jan-24
£
11,854
458
172
535
-
660
1,425
8,000
-
933
31,240
55,277		 Income
£
-
1,875
-
659
1,870
1,213
625
40,325
536
-
2,106
49,209		 Expenditure
£
(11,854)
(690)
(172)
(579)
-
(1,676)
(250)
(10,117)
(536)
-
(60)
(25,934)		 Transfers
£
-
-
-
-
-
-
-
-
-
(933)
-
(933)		 Balance at
31-Dec-24
£
-
1,643
-
615
1,870
197
1,800
38,208
-
-
33,286
77,619

Family & Children Worker

Donations and grants received to support the family, children & youth worker's post together with associated costs incurred.

Associate Vicar fund

Donations and grants received to support the Associate Vicar's post together with associated costs incurred.

St Matthias

Monies raised towards the work required to open St Matthias, Stocksbridge.

Prior year comparison
Parish Centre Refurbishment Fund
Family & Children Worker
Admin Worker's Fund
Youth Fund
Children/ Youth Donation
External Christmas lights
Oughtibridge Christian Council
DBF Fees
Burngreave Food Bank Donations
Bless the Parish
Associate Vicar fund
Chapel Refurbishment
Defibrillator grant
St Matthias		 Balance at
1-Jan-23
£
110,180
11,866
4,370
546
-
172
201
-
-
-
-
-
-
-
127,335		 Income
£
-
38,460
-
-
1,250
-
763
554
1,128
8,186
8,000
3,250
933
31,285
93,809		 Expenditure
£
(110,180)
(38,472)
(4,370)
(546)
(792)
-
(479)
(554)
(468)
(6,761)
-
(3,250)
-
(45)
(165,917)		 Transfers
£
-
-
-
-
-
-
50
-
-
-
-
-
-
-
50		 Balance at
31-Dec-23
£
-
11,854
-
-
458
172
535
-
660
1,425
8,000
-
933
31,240
55,277

15

Oughtibridge Parish Church

Notes to the financial statements - continued For the year ended 31 December 2024

13 Endowment funds

Sale of Church of England Schools
Churchyard
Fanny Lambert		 Balance at
1-Jan-24
£
72,007
8,183
867
81,057		 Income
£
7
-
-
7		 Expenditure
£
-
-
-
-		 Investment
revaluation
£
1,539
187
20
1,746		 Transfers
£
-
-
-
-		 Balance at
31-Dec-24
£
73,553
8,370
887
82,810

Sale of Church of England Schools

Expendable endowment funds have arisen on the sale of Church of England Schools. The monies are primarily for the generation of interest and dividends but can be spent on general church purposes if required.

Churchyard

Investments held to fund church yard maintenance. The dividends received are unrestricted.

Fanny Lambert

Investments held to fund communion linen. The dividends received are unrestricted.

Prior year comparison
Sale of Church of England Schools
Churchyard
Fanny Lambert		 Balance at
1-Jan-23
£
66,223
7,479
792
74,494		 Income
£
3
-
-
3		 Expenditure
£
-
-
-
-		 Investment
revaluation
£
5,781
704
75
6,560		 Transfers
£
-
-
-
-		 Balance at
31-Dec-23
£
72,007
8,183
867
81,057
Tangible assets
Investments
Net current assets
Prior year comparison
Tangible assets
Investments
Net current assets		 General
Fund
£
28,386
-
150,488
178,874
General
Fund
£
31,819
-
102,390
134,209		 Designated
Funds
£
-
-
8,483
8,483
Designated
Funds
£
-
-
5,578
5,578		 Restricted
Funds
£
-
-
77,619
77,619
Restricted
Funds
£
-
-
55,277
55,277		 Endowment
funds
£
-
78,020
4,790
82,810
Endowment
funds
£
-
76,274
4,783
81,057		 Total
2024
£
28,386
78,020
241,380
347,786
Total
2023
£
31,819
76,274
168,028
276,121

15 Leasing Commitments

56 Don Avenue is leased from the Langsett Trust for an indefinite future period, with a 3 month notice period. £14,400 is expected to be paid during 2025.

16

Oughtibridge Parish Church

Notes to the financial statements - continued For the year ended 31 December 2024

16 Statement of financial activities - full fund prior y
Income from:
Voluntary giving
Planned giving
Service collections
Non-recurring donations
Gift aid recovered
Grants received
Investments
Bank and CBF Deposit Fund Interest
Sale of Worrall School - dividends
Fanny Lambert - dividends
Churchyard - dividends
Church activities
Fees relating to weddings and funerals
Events, service support, cafe
Church centre and chapel lettings - community use
Other income
Total income
Expenditure on:
Church activities
Mission Support
Common fund support
Salary costs
Clergy and staff expenses
Clergy and staff conferences and training
Church expenses
Mission and evangelism costs
Church running costs
Church major works
Church Centre refurbishment
Chapel refurbishment
St Matthias costs
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfer of funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 ear comparison
General
funds
£
126,472
60
19,907
31,295
-
177,734
543
1,866
24
227
2,660
2,482
11,905

11,753
26,140
-
206,534
11,685
15,600
43,021
11,920
1,791
21,889
39,580
14,316
-
-
-
159,802
-
46,732
(2,067)
44,665
134,209
178,874		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
75
20
-
-
-
-
95
-
(95)
3,000
2,905
5,578
8,483		 Restricted
funds
£
2,040
-
4,413
625
39,536
46,614
66
-
-
-
66
1,870
-
-
1,870
659
49,209
1,676
-
21,888
83
-
1,519
232
-
-
536
-
25,934
-
23,275
(933)
22,342
55,277
77,619		 Endowment
funds
£
-
-
-
-
-
-
7
-
-
-
7
-
-
-
-
-
7
-
-
-
-
-
-
-
-
-
-
-
-
1,746
1,753
-
1,753
81,057
82,810		 Total
2024
£
128,512
60
24,320
31,920
39,536
224,348
616
1,866
24
227
2,733
4,352
11,905
11,753
28,010
659
255,750
13,361
15,600
64,909
12,003
1,791
23,483
39,832
14,316
-
536
-
185,831
1,746
71,665
-
71,665
276,121
347,786		 General
funds
£
108,140
208
2,897
23,274
1,150
135,669
443
1,838
24
224
2,529
586
14,703
6,758
22,047
7
160,252
6,550
14,520
6,365
1,520
1,509
20,612
38,238
-
66,511
-
-
155,825
-
4,427
5,950
10,377
123,832
134,209		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100
-
-
-
-
612
712
-
(712)
(6,000)
(6,712)
12,290
5,578		 Restricted
funds
£
4,080
613
36,672
1,568
49,210
92,143
29
-
-
-
29
554
-
-
554
1,083
93,809
468
-
42,842
-
-
8,971
206
-
110,180
3,250
-
165,917
-
(72,108)
50
(72,058)
127,335
55,277		 Endowment
funds
£
-
-
-
-
-
-
3
-
-
-
3
-
-
-
-
-
3
-
-
-
-
-
-
-
-
-
-
-
-
6,560
6,563
-
6,563
74,494
81,057		 Total
2023
£
112,220
821
39,569
24,842
50,360
227,812
475
1,838
24
224
2,561
1,140
14,703
6,758
22,601
1,090
254,064
7,018
14,520
49,207
1,520
1,509
29,683
38,444
-
176,691
3,250
612
322,454
6,560
(61,830)
-
(61,830)
337,951
276,121

17