Annual Report and Accounts of the Parothlal Churth Coundl of the Ecdesiastlcal Parlsh of East Dean, Singleton and West Dean HMRC rpf.nn". XTI 1880 For the year ended 31st December 2024 (known os The Volley Ponsh. covering the wlloges of &nderton. Chofftt)n. Chilgrove, East Dean, Singleton & West Deonj Contents: l. Trustees. Annual Report 1.1 Our aims as a charity 1.2 Achievements and impact 1.3 Structure. govemance and management 2. Annual Financial Report 2.1 Financial Review 2.2 Statement of Receipts and Payments 2.3 Further analysis of Receipts and Payments 2.4 Notes and Parish funds with CBF 3. Independent Examinerfs Report Easi Dean. SID8letoh West Oean. Chi¢hester TRUSTEE5 AFIIIUAI -. ?RT AIID A1414UAI FIIIAFICIAL Rf PORT
East Dean, Singleton and West Dean HMRC reg no 11880 l. Trustees, Annual Report 1.1 Our aims as a charity The Parochial Churth Council IPCC) has responsibility to: Pfomote the Gospel of OUT Lord Jesus Christ accordingto the doctrines and prattl5 of the Church of England. Promote in the parish the whole mission of the churth. pastoral. social. evangelistic and ecumenical. Give practical support and care to all people in our parish particulady those in need. Encoura8e financial giving to those in need both inside and outside our parish. Care for and protect our three historic parish churches known as All Saints.. East Oean," Blessed Virgin Mary. Singleton and St Andrews. West Dean and keep them open for the purpose of regular worship and welcoming the many visitors to our area. PTOtect and maintain each of the thurchyards under our care. Wesr Oean, Chichester TRUSTEES ANF4UAL.- "IRI ANO ANIIUAL FINA14CIAL REPORT
1.2 Achievements and Impart We are a Small parish in terms of numbers of residents, but lar8e in geo8raphKal area. Much of the parish is farmland or woodland. and most of the parishioners are concentrated in the three larger villages. with several also resident in outlying areas of the parish. Travel and communication between the villages and the three different churches can present a thallenge. The Sunday Servi moves on rotation between the three churches wrth two services each month at West Dean, as well a5 the Chikjrens Church. On months with a Fifth Sunday a BCP seNice 15 held at either East Dean or Singleton. Despite the difficulties in travel. a number of the congregation do attend worship in all three churches, and we have regular worshippers from outside the parish. We have a Mission Action Plan which aims to increase the involvement of all PCC members in the work of the Parish. Minlst and Commun. Children's Church for prirnary school age children tontinues to be a suc£ess with about 15 regular children plus families attending the service on the fourth Sundav of the month at West Dean Church. There are a number of occasional attendees which takes the total number of children engaged in Children's Church to 30 or so. The church continues to support the community Valley Diary both financially and in producing a church page, which provides infonnation on our monthly program of 5er¥ice5 and attivit5 to a circulation of IIXK) homes within the Valley and surrounding area. Our small but accomplished choir sings at the service In East Dean on the first Sunday of the month. a5 well as leading our Carols and Crib senice on Christmas Eve. The thoir is led by the East Dean organist Jeannie Esdaile. They also provide music on an ad hoc basis for some services. especialfy festivals and weddings. All of our churches are open every day of the week to allow visitors to come in to pray and to enjoy a few moments of peace and serenity or to appreciate the stmple yet beautiful architecture of our rnral church buildin8s. The opening of East Dean and Singleton is managed by a rota of willing key holders. whilst West Dean College Security Staff kindly take on the responsibility fof West Dean Church. We are proud that our churches are open every day and often receive positive comments on how welcome visitors feel when theyfind the churches are open. The Rectorfs weekly newsletter. Rertorfs Ramblings. has a circulation of 72 addresses nd incltsde5 not only members of the congregation but also others in the Valley and beyond. It is also posted on all the church notice boards and is available on the parish website and Facebook page. Our two Church of England Controlled Primary Schools continue to thrive. As Revd. Sarah is not able to be a governor to two Schools. the Diocese has appointed exvofficio East Dean. 51nileton and West Dean. Chi¢hest?r TPUSTEES A1411UAL Y. F'ORT AIID AIIMUL FIIIAIICIAI REPORT
Foundation Governors to both Singleton and West Dean Sdlool as her representative. There is still a need for one Foundation Governor at each school. Revd. Sarah visits both schools on a regular basis and often welcomes the thildren into their local church for services. especially at Christmas. Harvest and at the end of the school year. The two Church Fetes at East Dean and Singleton were very successful in 2024 and we are very grateful to everyone who helps organize these fundraisin8 events for the ongoing maintenance of our church buildings. In addFtion to the fetes there was a Flower Festival. with the theme of the ofympics and flower arrangements representing different Olympic sports, at East Dean church in July and a Quiz night at the Star & Garter pub. East Dean. I r.Ii' Chrfjstlan Outreath and Parish Givin Rev Sarah visits local housebound residents to provide communion and company on a regular ba515 and is always available to visit members of the parish when asked. Rev Sarah is one of the trustees of the Henry Smith Trust and the Singleton Sickness Fund, which helps local residents. The Churchwardens and Rev Sarah are trustees of the Bowles Cottage Trust which provides financial support to the two church schools and also their related Pre-schools Easi Op4n. Singleton and West Dean. Chlcheste TRUSTEES ANIIiIAI airvRT AND AIIIIVAt FINANCIAL REPOttT
There have been 2 wedding5 for those who live within or have a connection with the parish. I baptism took place. and 3 funerals. Mana ement of churth buildin and thurch ard Following the regular Quinquennial inspection of all three churches an appeal I'standing the Test of fime'l to raise £344.OCQ was launched for urgent work on the towers of East Dean and West Dean Churches and to repair and restore the East Window in Singleton Church. West Dean Parish Council takes responsibility for the maintenance of St Andrews churchyard and keeps it well trimmed and tidy. Maintenance of the Blessed Vtfgin Mary and All Saints churchyards are the responsibillty of the PCC and the mowing follows an agreed plan to encourage wildlrfe and natural diverstty. East Dean. Wesi Dean, Chichesier TAUSTEES AIIN.- -AT AIID ANNUAt FlflAFICIAL IIEPORT
1.3 Structure, governance and management of the charity The PCC 15 a charity and is now registered {as of July 2023. registration number 1204049) with the Charty Commission within the meaning of sect 30 of the Charities Act 2011. Its governing document IS the Parochial Church Councils {Powers} Measure 1956. The PCC ha5 complied with section 5 of the Safeguarding and Clergi Discipline Measure 2016, by having due regard to House of Bishops, guidance on safeguarding children and vulnerable adults. All PCC members have under8one the Di0Se Safeguarding training during 2024. Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the Rertor, the churchwardens and members of the Deanery Synod) and ten members of the church who are elected at the Annual Parochial Churth Meetin8 IAPCMI. During the year the following served as members of the PCC: Rector: Reverend Sarah Manouch BA Churchwardens: Wendy Goacher & Sarah John Deanery Synod: Geoffrey Morrls Elected Members." Wendy Heather- Susie Holmes: Richard Stephens: Oliver Peirson- Helen Morris: Jennifer Neelands: Thomas Shaw: Christine Standin& Sarah John" Jane Rice. (one vacancy) Electoral Roll Officer: Heather Baker Safeguarding Offi. Sarah Peirson Independent Examiner. Nicholas Boyd The Annual Report was approved by the PCC on 14 May 2025 and slgned on its behalf by the PCC Chalrnn Signed....... East Dean. Sln8leton and West Dean, Chlchester TRLISTEES ANFIL..-. -. .IT A140 ANNUAL flF4AIICIAI REPOBT
Annual Report and Financial Statements
for the year ended 31st December 2024
of
The Parochial Church Council of 'The Valley Parish', comprising:
All Saints, East Dean
The Blessed Virgin Mary, Singleton
St Andrew, West Dean
Registered Charity No: XT11880
CONTENTS
Page
-
2 Appeal - Receipts and Payments
-
3 Receipts and Payments
-
4 Further analysis of Receipts and Payments
-
5 Notes & Parish Funds with CBF
-
6 Report of the Independent Examiner
`
2.
The Valley Parish Parochial Church Council Receipts and Payments Accounts - APPEAL FUND for the year ended 31st December 2024
The financial effect of our activities during the year can be summarised as follows:-
| Unrestricted Funds:- Restricted Endowed Total Total Note General Designated Funds Funds 2024 2023 INCOME RECEIVED : £ £ £ £ £ £ Voluntary Receipts - Planned Giving - 64,337 - - 64,337 - - Gift Aid Recovered (Appeal element) - 11,085 - - 11,085 - Total Received - 75,422 - - 75,422 - - Investment Income - 1,599 - - 1,599 - Total Received - 77,021 - - 77,021 - PAYMENTS Out : Church Appeal Activities - Singleton Repairs - 38,478 - - 38,478 - - West Dean Repairs - 2,052 - - 2,052 - - East Dean Repairs - - - - - - - Appeal set up and Running - 1,192 - - 1,192 - - Less: Lewknor/Heyman Fund - (393) - - (393) - Total Expenses - (41,329) - - (41,329) - Net Income/(Expenditure) for the year - 35,692 - - 35,692 - Fund balances b/fwd 1st January 2024 - - - - - - Fund Balances at end of year - 35,692 - - 35,692 - Agreement to the Balances held in the various Bank Accounts: Bank- Barclays (Appeal a/c) - 28,700 - - 28,700 - BankDeposit - CCLA (Appeal a/c) - 56,992 - - 56,992 - Loan- from Chichester Diocese - (50,000) - - (50,000) - Net Assets c/fwd 31st December 2024 f - 35,692 - - 35,692 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
|---|---|---|---|---|---|
| - - |
75,422 1,599 |
- - |
- 75,422 - - 1,599 - |
||
| - | 77,021 | - | - 77,021 - |
||
| - - - - - |
38,478 2,052 - 1,192 (393) |
- - - - - |
- 38,478 - - 2,052 - - - - - 1,192 - - (393) - |
||
| - | (41,329) | - | - (41,329) - |
||
| - - |
35,692 - |
- - |
- 35,692 - - - - |
||
| - | 35,692 | - | - 35,692 - |
||
| 28,700 56,992 (50,000) |
- - - |
- 28,700 - - 56,992 - - (50,000) - |
|||
| - | 35,692 | - | - 35,692 - |
3.
The Valley Parish Parochial Church Council Receipts and Payments Accounts
for the year ended 31st December 2024
The financial effect of our activities during the year can be summarised as follows:-
| Unrestricted Funds:- Restricted Endowed Total Total Note General Designated Funds Funds 2024 2023 INCOME : £ £ £ £ £ £ Voluntary Receipts - Planned Giving 10,256 - 6,180 - 16,436 18,360 - Collections at Services 6,154 - - - 6,154 7,379 - All other giving a 1,450 - - - 1,450 2,610 - Gift Aid Recovered (net of Appeal amount) 4,289 - - - 4,289 4,787 22,149 - 6,180 - 28,329 33,136 Income Raising Activities (Fêtes etc) b 10,201 - - - 10,201 8,356 Investment Income c 404 - 3,051 - 3,455 2,154 Church fees & activities d 6,225 - - - 6,225 4,424 Total Received 38,979 - 9,231 - 48,210 48,070 PAYMENTS Out : Church Activities - Diocesan Parish contributions 27,039 - - - 27,039 33,629 - Clergy and others' expenses 5,294 - - - 5,294 5,066 - Church running costs e 16,090 - - - 16,090 14,142 - Fees to Chichester DBF 1,601 - - - 1,601 1,184 Total Expenses (50,024) - - - (50,024) (54,021) Net Income/(Net Outgoings) for the year (11,045) - 9,231 - (1,814) (5,951) Fund balances b/fwd 1st January 2024 39,005 - 57,673 - 96,678 102,629 Less: Trf Lewknor/Heyman Fd to Appeal - - (393) - (393) - Fund Balances at end of year 27,959 - 66,511 - 94,470 96,678 Agreement to the Balances held in the various Bank Accounts: Restricted funds held in Bank Current a/c 6,180 - (6,180) - - - Bank Accounts c/fwd 31st December 2024 f 34,139 - 60,331 - 94,470 96,678 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
|---|---|---|---|---|---|
| 22,149 10,201 404 6,225 |
- - - - |
6,180 - 3,051 - |
- 28,329 33,136 - 10,201 8,356 - 3,455 2,154 - 6,225 4,424 |
||
| 38,979 | - | 9,231 | - 48,210 48,070 |
||
| 27,039 5,294 16,090 1,601 |
- - - - |
- - - - |
- 27,039 33,629 - 5,294 5,066 - 16,090 14,142 - 1,601 1,184 |
||
| (50,024) | - | - | - (50,024) (54,021) |
||
| (11,045) 39,005 - |
- - - |
9,231 57,673 (393) |
- (1,814) (5,951) - 96,678 102,629 - (393) - |
||
| 27,959 | - | 66,511 | - 94,470 96,678 |
||
| - | (6,180) | - - - |
|||
| 34,139 | - | 60,331 | - 94,470 96,678 |
This Financial Report for the year ended 31st December 2024, including the Notes following, was approved by The Valley PCC, and signed on its behalf by The Revd. Sarah Manouch, PCC Chairman:
Signed:
Date:
4.
The Valley Parish Parochial Church Council
Further analysis of Receipts and Payments & Statement of Parish Assets for the year ended 31st December 2024
| Note RECEIPTS : All other giving/voluntary receipts a Donations -Non Recurring Grants and special gifts Legacies Activities for generating income b Fund-Raising - Summer Fête & Others Less: Money drawn for initial floats Summer music concert Investment Income c Interest CDF Dividend COIF Rent for hire of hall Church activities d Fees for Weddings & Funerals BusinessStream PAYMENTS Out : Church running costs e Heat, light & water Running costs Insurance Quinquennial Report Repairs and maintenance ASSETS HELD at YEAR END: Bank Account balances: - Bank Current account_(Barclays) - Appeal a/c(Barclays)_ - CBF Deposit account Total Cash at Banks f Investments at Cost: - 8 COIF units - Parish Trust Tomb Stones TOTAL ASSETS |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
|---|---|---|---|---|---|
| 1,450 | - | - | - 1,450 2,610 |
||
| 11,641 (1,440) - |
- - - |
- - - |
- 11,641 9,792 - (1,440) (1,436) - - - |
||
| 10,201 | - | - | - 10,201 8,356 |
||
| - 4 400 |
- - - |
3,051 - - |
- 3,051 1,791 - 4 3 - 400 360 |
||
| 404 | - | 3,051 | - 3,455 2,154 |
||
| 5,493 732 |
- | - | - 5,493 4,424 |
||
| 6,225 | - | - | - 5,493 4,424 |
||
| 3,129 3,623 4,619 1,028 3,691 |
- - - - - |
- - - - - |
- 3,129 2,359 - 3,623 7,495 - 4,619 4,288 - 1,028 - - 3,691 - |
||
| 16,090 | - | - | - 16,090 14,142 |
||
| 34,139 - - |
- - - |
- - 60,331 |
- 34,139 39,005 - - - - 60,331 57,673 |
||
| 34,139 | - | 60,331 | - 94,470 96,678 |
||
| 118 160 |
- - |
- - |
- 118 118 - 160 160 |
||
| 34,417 | - | 60,331 | - 94,748 96,956 |
Movable Church furnishings are held by the Churchwardens on special trust for the PCC, are recognised but not valued above.
5.
The Valley Parish Parochial Church Council General Notes and Information
for the year ended 31st December 2024
The financial statements of the PCC have been prepared in accordance with the Charities Act 2011 and Accounting Regulations, using the Receipts and Payments basis.
The Parish share to the Chichester Diocese is for the payment of Clergy and other Central costs. The cost shown in the accounts for Parish Ministry of £27,039 (and £26,395 for 2023 - after deducting a late final payment of £7,234 for 2022 due to Covid).
The Restricted Funds represent accumulated donations and appeals for the maintenance of the Church Buildings. Payments shown as coming from Restricted Funds are for the same purpose. At the start of 2021 it was decided that all expenses would be taken from the General Fund, apart from those which can be wholly attributed to the individual Churches.
Restricted Funds
Endowed funds are required by the donors to be invested, and the income spent on specific objectives - the breakdown of the Restricted amounts held in the respective Fabric Funds is as follows:
| East Dean - Fabric Fund(001D) West Dean - Fabric Fund(005D) Singleton - Fabric Fund(006D) Valley - Music Fund(007D) Lewknor/Heymann(008D) |
2024 41,238 1,336 17,365 392 - 60,331 £ |
2023 39,159 1,269 16,490 372 383 |
|---|---|---|
| 57,673 £ |
The Parish Trust Investments shown above are held by the Diocese as Custodian Trustees and invested in CBF Church of England Deposit Funds. They represent endowments held for upkeep of tombs. The amount shown for East Dean includes the balance of a £10,000 legacy given for restricted purposes.
Restricted funds are not invested permanently, but are to be spent within reasonable timescales.
The Restricted funds comprise the Fabric and other Funds listed above.
6.
Independent Examiner's Report to the Trustees of The Valley Parish
I report on the accounts of the church for the year ended 31 December 2024 which are set out on pages 2 to 4.
Respective Responsibilities of Trustees and Examiner
The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts (under section 145 of the 2011 Act);
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
To state whether particular matters have come to my attention.
Basis of Independent Examiner's 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking 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 Examiner's statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, the requirements to keep accounting records; in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or, to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nicholas Boyd & Company
The White House, Wellsfield, West Wittering, West Sussex PO20 8LH 1st April 2025
Annual Report and Financial Statements
for the year ended 31st December 2024
of
The Parochial Church Council of 'The Valley Parish', comprising:
All Saints, East Dean
The Blessed Virgin Mary, Singleton
St Andrew, West Dean
Registered Charity No: XT11880
CONTENTS
Page
-
2 Appeal - Receipts and Payments
-
3 Receipts and Payments
-
4 Further analysis of Receipts and Payments
-
5 Notes & Parish Funds with CBF
-
6 Report of the Independent Examiner
`
2.
The Valley Parish Parochial Church Council Receipts and Payments Accounts - APPEAL FUND for the year ended 31st December 2024
The financial effect of our activities during the year can be summarised as follows:-
| Unrestricted Funds:- Restricted Endowed Total Total Note General Designated Funds Funds 2024 2023 INCOME RECEIVED : £ £ £ £ £ £ Voluntary Receipts - Planned Giving - 64,337 - - 64,337 - - Gift Aid Recovered (Appeal element) - 11,085 - - 11,085 - Total Received - 75,422 - - 75,422 - - Investment Income - 1,599 - - 1,599 - Total Received - 77,021 - - 77,021 - PAYMENTS Out : Church Appeal Activities - Singleton Repairs - 38,478 - - 38,478 - - West Dean Repairs - 2,052 - - 2,052 - - East Dean Repairs - - - - - - - Appeal set up and Running - 1,192 - - 1,192 - - Less: Lewknor/Heyman Fund - (393) - - (393) - Total Expenses - (41,329) - - (41,329) - Net Income/(Expenditure) for the year - 35,692 - - 35,692 - Fund balances b/fwd 1st January 2024 - - - - - - Fund Balances at end of year - 35,692 - - 35,692 - Agreement to the Balances held in the various Bank Accounts: Bank- Barclays (Appeal a/c) - 28,700 - - 28,700 - BankDeposit - CCLA (Appeal a/c) - 56,992 - - 56,992 - Loan- from Chichester Diocese - (50,000) - - (50,000) - Net Assets c/fwd 31st December 2024 f - 35,692 - - 35,692 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ - 64,337 - - 64,337 - - 11,085 - - 11,085 - |
|---|---|---|---|---|---|
| - - |
75,422 1,599 |
- - |
- 75,422 - - 1,599 - |
||
| - | 77,021 | - | - 77,021 - |
||
| - - - - - |
38,478 2,052 - 1,192 (393) |
- - - - - |
- 38,478 - - 2,052 - - - - - 1,192 - - (393) - |
||
| - | (41,329) | - | - (41,329) - |
||
| - - |
35,692 - |
- - |
- 35,692 - - - - |
||
| - | 35,692 | - | - 35,692 - |
||
| 28,700 56,992 (50,000) |
- - - |
- 28,700 - - 56,992 - - (50,000) - |
|||
| - | 35,692 | - | - 35,692 - |
3.
The Valley Parish Parochial Church Council Receipts and Payments Accounts
for the year ended 31st December 2024
The financial effect of our activities during the year can be summarised as follows:-
| Unrestricted Funds:- Restricted Endowed Total Total Note General Designated Funds Funds 2024 2023 INCOME : £ £ £ £ £ £ Voluntary Receipts - Planned Giving 10,256 - 6,180 - 16,436 18,360 - Collections at Services 6,154 - - - 6,154 7,379 - All other giving a 1,450 - - - 1,450 2,610 - Gift Aid Recovered (net of Appeal amount) 4,289 - - - 4,289 4,787 22,149 - 6,180 - 28,329 33,136 Income Raising Activities (Fêtes etc) b 10,201 - - - 10,201 8,356 Investment Income c 404 - 3,051 - 3,455 2,154 Church fees & activities d 6,225 - - - 6,225 4,424 Total Received 38,979 - 9,231 - 48,210 48,070 PAYMENTS Out : Church Activities - Diocesan Parish contributions 27,039 - - - 27,039 33,629 - Clergy and others' expenses 5,294 - - - 5,294 5,066 - Church running costs e 16,090 - - - 16,090 14,142 - Fees to Chichester DBF 1,601 - - - 1,601 1,184 Total Expenses (50,024) - - - (50,024) (54,021) Net Income/(Net Outgoings) for the year (11,045) - 9,231 - (1,814) (5,951) Fund balances b/fwd 1st January 2024 39,005 - 57,673 - 96,678 102,629 Less: Trf Lewknor/Heyman Fd to Appeal - - (393) - (393) - Fund Balances at end of year 27,959 - 66,511 - 94,470 96,678 Agreement to the Balances held in the various Bank Accounts: Restricted funds held in Bank Current a/c 6,180 - (6,180) - - - Bank Accounts c/fwd 31st December 2024 f 34,139 - 60,331 - 94,470 96,678 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 10,256 - 6,180 - 16,436 18,360 6,154 - - - 6,154 7,379 1,450 - - - 1,450 2,610 4,289 - - - 4,289 4,787 |
|---|---|---|---|---|---|
| 22,149 10,201 404 6,225 |
- - - - |
6,180 - 3,051 - |
- 28,329 33,136 - 10,201 8,356 - 3,455 2,154 - 6,225 4,424 |
||
| 38,979 | - | 9,231 | - 48,210 48,070 |
||
| 27,039 5,294 16,090 1,601 |
- - - - |
- - - - |
- 27,039 33,629 - 5,294 5,066 - 16,090 14,142 - 1,601 1,184 |
||
| (50,024) | - | - | - (50,024) (54,021) |
||
| (11,045) 39,005 - |
- - - |
9,231 57,673 (393) |
- (1,814) (5,951) - 96,678 102,629 - (393) - |
||
| 27,959 | - | 66,511 | - 94,470 96,678 |
||
| - | (6,180) | - - - |
|||
| 34,139 | - | 60,331 | - 94,470 96,678 |
This Financial Report for the year ended 31st December 2024, including the Notes following, was approved by The Valley PCC, and signed on its behalf by The Revd. Sarah Manouch, PCC Chairman:
Signed:
Date:
4.
The Valley Parish Parochial Church Council
Further analysis of Receipts and Payments & Statement of Parish Assets for the year ended 31st December 2024
| Note RECEIPTS : All other giving/voluntary receipts a Donations -Non Recurring Grants and special gifts Legacies Activities for generating income b Fund-Raising - Summer Fête & Others Less: Money drawn for initial floats Summer music concert Investment Income c Interest CDF Dividend COIF Rent for hire of hall Church activities d Fees for Weddings & Funerals BusinessStream PAYMENTS Out : Church running costs e Heat, light & water Running costs Insurance Quinquennial Report Repairs and maintenance ASSETS HELD at YEAR END: Bank Account balances: - Bank Current account_(Barclays) - Appeal a/c(Barclays)_ - CBF Deposit account Total Cash at Banks f Investments at Cost: - 8 COIF units - Parish Trust Tomb Stones TOTAL ASSETS |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
Unrestricted Funds:- Restricted Endowed Total Total General Designated Funds Funds 2024 2023 £ £ £ £ £ £ 1,450 - - - 1,450 2,610 - - - - - - - - - - - - |
|---|---|---|---|---|---|
| 1,450 | - | - | - 1,450 2,610 |
||
| 11,641 (1,440) - |
- - - |
- - - |
- 11,641 9,792 - (1,440) (1,436) - - - |
||
| 10,201 | - | - | - 10,201 8,356 |
||
| - 4 400 |
- - - |
3,051 - - |
- 3,051 1,791 - 4 3 - 400 360 |
||
| 404 | - | 3,051 | - 3,455 2,154 |
||
| 5,493 732 |
- | - | - 5,493 4,424 |
||
| 6,225 | - | - | - 5,493 4,424 |
||
| 3,129 3,623 4,619 1,028 3,691 |
- - - - - |
- - - - - |
- 3,129 2,359 - 3,623 7,495 - 4,619 4,288 - 1,028 - - 3,691 - |
||
| 16,090 | - | - | - 16,090 14,142 |
||
| 34,139 - - |
- - - |
- - 60,331 |
- 34,139 39,005 - - - - 60,331 57,673 |
||
| 34,139 | - | 60,331 | - 94,470 96,678 |
||
| 118 160 |
- - |
- - |
- 118 118 - 160 160 |
||
| 34,417 | - | 60,331 | - 94,748 96,956 |
Movable Church furnishings are held by the Churchwardens on special trust for the PCC, are recognised but not valued above.
5.
The Valley Parish Parochial Church Council General Notes and Information
for the year ended 31st December 2024
The financial statements of the PCC have been prepared in accordance with the Charities Act 2011 and Accounting Regulations, using the Receipts and Payments basis.
The Parish share to the Chichester Diocese is for the payment of Clergy and other Central costs. The cost shown in the accounts for Parish Ministry of £27,039 (and £26,395 for 2023 - after deducting a late final payment of £7,234 for 2022 due to Covid).
The Restricted Funds represent accumulated donations and appeals for the maintenance of the Church Buildings. Payments shown as coming from Restricted Funds are for the same purpose. At the start of 2021 it was decided that all expenses would be taken from the General Fund, apart from those which can be wholly attributed to the individual Churches.
Restricted Funds
Endowed funds are required by the donors to be invested, and the income spent on specific objectives - the breakdown of the Restricted amounts held in the respective Fabric Funds is as follows:
| East Dean - Fabric Fund(001D) West Dean - Fabric Fund(005D) Singleton - Fabric Fund(006D) Valley - Music Fund(007D) Lewknor/Heymann(008D) |
2024 41,238 1,336 17,365 392 - 60,331 £ |
2023 39,159 1,269 16,490 372 383 |
|---|---|---|
| 57,673 £ |
The Parish Trust Investments shown above are held by the Diocese as Custodian Trustees and invested in CBF Church of England Deposit Funds. They represent endowments held for upkeep of tombs. The amount shown for East Dean includes the balance of a £10,000 legacy given for restricted purposes.
Restricted funds are not invested permanently, but are to be spent within reasonable timescales.
The Restricted funds comprise the Fabric and other Funds listed above.
6.
Independent Examiner's Report to the Trustees of The Valley Parish
I report on the accounts of the church for the year ended 31 December 2024 which are set out on pages 2 to 4.
Respective Responsibilities of Trustees and Examiner
The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts (under section 145 of the 2011 Act);
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
To state whether particular matters have come to my attention.
Basis of Independent Examiner's 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking 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 Examiner's statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, the requirements to keep accounting records; in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or, to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nicholas Boyd & Company
The White House, Wellsfield, West Wittering, West Sussex PO20 8LH 1st April 2025