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2024-12-31-accounts

Parochial Church Council of The Parish of Andover Trustees Annual Report and Annual Financial Statements

Year ended 31 December 2024

Annual report of the Parochial Church Council of The Parish of Andover

For the year ended 31 December 2024

Aims and Purposes

The Parish of Andover Parochial Church Council (PCC) has the responsibility of cooperating with the Acting Rector, appointed in the vacancy, the Reverend Kate Seagrave, 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 following buildings:

Harris Hall, Church Close

St Michael’s All Angels Church, Colebrook Way

St Michael’s Church Hall, Colebrook Way

St Michael’s All Angels Church, Knights Enham

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship in the churches of the Parish and become part of the church community. The PCC is particularly focussed on children and youth. To this end, children’s ministry has grown at St Paul’s and St Michael’s West Andover and the launch of the youth church at St Paul’s alongside existing youth work both mid-week at St Paul’s and on Sundays at St Mary’s has been a huge success.

The different churches all retain their different styles of worship, maintaining a broad appeal around the parish and attracting a wide variety of ages, churchmanship and socio-economic demographic.

The Parish went into vacancy in September 2024 and the PCC spent considerable time writing the Parish Profile. Following 2 rounds of advertising there were no applicants and so Acting Rector, Kate Seagrave, was appointed for 6 months from January 2025 by the Bishop of Winchester. The Parish profile is being re-written for fresh advertisement.

Achievements and Performance

Worship, Prayer and church life

During the vacancy St Mary’s has offered two Sunday morning services. 9am is a traditional Holy communion with a choir and sung liturgy, 10.45am is a family service with tots, kids and youth groups. This service time also includes a live stream of the 10:45am service which serves those exploring faith, or needing to join in online due to illness, circumstance or preference. There is BSL interpretation at the 10.45am on the first Sunday of the month. A lay led gathering at 6:30pm replaced the evening services for this season. St Mary’s hosts a mid-week communion service on Wednesdays at 10:30am.

St Mary’s hosts major civic events including Remembrance Sunday attended by over 1800 people and an annual Mayor’s Civic Service. Through Advent and Christmas over 6800 people attended church. St Mary’s hosted nine school services and St Michael’s West Andover hosted four. There were two charity carol services and one concert at St Mary’s in advent.

St Michael’s West Andover holds a weekly service at

10.30am on Sundays which is eucharistically centred followed by refreshments offering a time of fellowship. There is also morning prayer at 8am on Tuesdays dedicatedly praying for the parish. The church has a particularly close relationship with the Scouts who provide a monthly cooked breakfast for ‘cafe church’. Other societies, choral groups and community led initiatives hire the church as a venue.

St Paul’s offers weekly worship at 10am on Sundays which includes an informal morning worship with a kid’s group on the first and third Sundays of the month. St Paul’s is the Youth Hub for the parish and now hosts Wednesday Night Youth and a Youth Church on Sunday afternoons. A monthly ‘Messy Vintage’ service offers tea and worship particularly aimed at our community of senior worshippers.

St Michael’s Knights Enham hosts a traditional BCP service at

8.30am each Sunday with communion on the first and third Sundays of the month. The church is open to visitors daily from 8am - 4pm. It is an ancient and important place offering solace, peace and stillness. It continues to provide a focus for important times in the life of the community, such as Remembrance Sunday and special seasonal services.

Parish wide ministries have continued to grow and thrive. POA Men meet regularly for cooked breakfasts with a talk, and at the pub, for quizes and activities. Essence has a similar rhythm for women, meeting in churches across the parish for a continental style breakfast, talks and bible study. Pursuing the PCC commitment to develop children and youth, a third ‘play and stay’ group has opened in the parish at St Michael’s West Andover, also called Mustard Seed echoing the successful provision at St Mary’s. St Paul’s Little Angels continues successfully.

Church Attendance

This year was a completely new Electoral Roll. As of 1 April 2025, there were 398 names on the electoral roll.

Growth in connect groups:

We have a total of 16 active Connect Groups with 133 members, so a decline in the number of groups and members over the year but a BSL Connect Group has launched and a new Young Families group is planned. 2 additional groups are running for the duration of the Lent Course, 1 in person and the other online.

Newcomer socials were held at St Mary’s in May, October and February. The vision is for 4 per year. St Paul’s has had ‘bring and share’ socials which include a warm welcome for newcomers to the church.

Online church has continued to grow substantially this year growing 39% on the previous year with 20,800 views in the last year. The average is 25-35 households watching services live with a further 100 views in the following week. This service has ministered to young families, those with health issues, parishioners who have moved away and those who have had a desire to explore church before attending in person. Over winter when we operated without heating, many people stayed engaged via church online.

Deanery Synod

5 lay members of the Parish served on Andover Deanery Synod. Please see their report for further details.

Other ministries

The Parish conducted a range of additional ministries which were expressions of our community life. These included but were not limited to flower teams, Friends of Andover Parish and Andover Parish Walking Group. Andover Parish Football Team is paused for a season but hoping to start up again in the near future. The clergy performed a range of ministerial duties through the year, including conducting worship services, taking occasional offices, undertaking home communion and a wide

range of pastoral visits and meetings. The clergy also served in wider community roles for example, chairing and serving on local charity boards, as school governors, as community chaplains including to the Mayor of Test Valley, PCN and as an assistant at the Countess of Brecknock Hospice.

The total number of baptisms was 30, weddings 12, and funerals 57.

The Lighthouse

The Lighthouse is the social action arm of the Parish which continues to offer a substantial programme of projects to serve, bless and offer hope to people in our town. The ministry has been honed over the last year by the Lighthouse Lead, Sarah Hurcomb, through seeking the Lord as to which focus populations we should be concentrating our efforts on.

These areas have been identified as:

For further detail please read the Lighthouse section of the APCM report or the Lighthouse Report 2024, available on the website.

Structure, Governance & Management

The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. 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 Roll and to stand for election to the PCC.

The full PCC has met for 6 formal PCC meetings since the last APCM including an away day. The Standing Committee has met for 6 formal meetings including 1 zoom meeting since the last APCM.

In addition to these two forums, we have five committees (Church Life, Mission and Social Action, Fabric and Estates, Finance and Stewardship, Safeguarding) that meet at least once between PCC

meetings to discuss and conduct more specific business. All have clearly defined Terms of Reference. In line with anticipated reduced funding from Winchester Mission Action, the administrative staff has been reduced by rolling 2 posts into 1 ‘Office Co-ordinator’ role handling general parish administration and bookings. We have bid farewell to our fundraiser, Emma Wilkinson, with deep gratitude for her 4 years of service and our Food Lead, Rev Vanessa Cole, with thanks for her amazing work with ‘Good Grub Club’. HR

services have been contracted in from the online service Peninsula to help with contracts and appraisals as well as health and safety guidance.

Administrative Information

The Parish of Andover includes the following churches:

These churches are situated in the town of Andover in Hampshire and are part of the Diocese of Winchester within the Church of England. The correspondence address is: Andover Parish Church Office, 2nd Floor Chantry House, The Chantry Centre, Andover, Hampshire SP10 1Z.

The Parochial Church Council is a charity which is registered with the Charity Commission. Its registration number is 1204970.

PCC Members

PCC members who have served from 14[th] May 2024 until the date this report was approved are:

Rector Rev Christopher Bradish (Chair) (until Jul ‘24)

Acting Rector Rev Kate Seagrave (Chair from Jan ’25)

Lay Vice-Chair Moira Smith

Associate Ministers

Rev Sam Waako (rotating acting chair Jul ’24-Jan ’25) Rev David Roberts (rotating acting chair Jul ’24-Jan ’25)

Curates

Rev Lauren Cheshire (rotating acting chair Jul ’24-Jan ’25) (dep. March 2025) Rev Jess Ross (maternity leave Mar ’24-Mar ’25)

Churchwardens

Rob Savill Tim Selwood Moira Smith Barbara Watt

Deanery Synod Reps

Nigel May Val Bond Philip Darkin Kate Hughes

Elected Members

Martin Bazire (Chair: Church Life & Electoral Roll Officer) Elizabeth Bird Heather Ball Phil Garraway Kilian Kleine Phil Laws Colin Parker (Chair: Mission & Social Action) Catherine Shears Gordon Smith Juliette Warburton

Co-opted Mary Singleton (Treasurer & Chair: Finance & Stewardship)

Standing Committee Rev Chris Bradish (until Sept ‘24) Rev Sam Waako Rev David Roberts Rev Kate Seagrave (from Jan ’25) Nigel May (Chair)

Rob Savill Tim Selwood Moira Smith Barbara Watt Philip Darkin Heather Ball Val Bond Mary Singleton (Treasurer) And other members of PCC by invitation as appropriate to the business of the meeting

Appointees

Marina Colville (PCC Secretary) Diane Caruana (Parish Safeguarding Officer, Chair: Safeguarding) Financial Review

The total income received in 2024 amounted to £610,436. This included £242,941 from congregational giving on which we were able to claim a further £58,420 in Gift Aid. This financial support from our congregations has enabled us to continue our mission and ministry to the whole parish of Andover as we have continued with the transition from three parishes into a single parish.

Along with congregational giving, grants totalling £195,107 have enabled the wider mission and ministry to the communities of the Parish of Andover in 2024. Of these grants, £62,594 was received

from Winchester Mission Action towards salary costs and the extra costs of having the office in the Chantry Centre. Winchester Mission Action also gave us £10,000 towards the costs of proposed revitalisation/reordering of St Paul’s Church and St Michael’s Church West Andover. In addition we received a very generous donation of £25,000 (plus Gift Aid) for the development of St Paul’s. The Henry Smith Charity gave us £23,000 towards the cost of employing our Youth Community

Lead and the Benefact Trust gave us £20,000 towards employing another Youth Pastor as well as £3,000 towards the repairs on the tower of St Mary’s Church.

The Lighthouse received grants totaling £74,513 in 2024. £60,000 of this was from the Jerusalem Trust and £6,725 was from the Church Revitalisation Trust for the work of the Lighthouse. Stannah and Hampshire County Council gave £2,000 each towards the work of the Life Bus and the CAP Debt Centre respectively. In addition, Simply Health gave £3,788 for Food projects run by the Lighthouse. The Church Revitalisation Trust also gave us a grant of £2,000 towards some Clergy training.

Our income would have been higher but we agreed to give the playgroups at the Harris Hall and St Michael’s West Andover rental holidays in the hope of them being able to bolster their finances. We also allowed them to leave their items out in the evenings which reduced our lettings to other organisations.

In addition, the collections totalling £1,565 from Good Friday and Easter Day services were sent for St Luke’s Hospital, Nablus in the West Bank and the collection of £532 from Remembrance Day service was passed to the Royal British Legion.

The expenditure in 2024 totalled £607,572. Of this some £238,249 was in respect of employment costs. Some of this was met by grants. However the staff do work extremely hard to support and further the mission and ministry of the parish. During the year we recruited a Facilities Manger which enabled us to end the cleaning contract for St Mary’s Church, the Church Centre and the Harris Hall.

We spent a total of £48,484 on the repairs and maintenance of our buildings and a further £16,950 on the initial work for the proposed revitalisation/reordering of St Paul’s Church and St Michael’s Church West Andover. Of the £48,484, nearly £10,500 was spent on the repairs to the stonework on the tower at St Mary’s Church that were done in 2024. The repair to the Millennium Window in St Mary’s Church cost £4,512. In addition, nearly £5,000 was spent out of a Restricted Fund on a repair to the organ in St Mary’s Church.

However, we did receive a refund of VAT of £3,222 from the Listed Places of Worship Scheme in respect of earlier works and we hope to get further VAT refunds. The removal of asbestos identified in the crypt and completion of the repairs to the tower of St Mary’s Church will result in very significant expenditure in the early part of 2025.

The work of the Lighthouse has resulted in some wonderful stories of lives transformed. However there are significant costs associated with this as well as employment costs. The Life Bus cost over £8,500 in 2024 and we spent over £14,000 in providing food projects and over £3,700 providing CAP Debt support.

In 2024 the parish share to the Common

Mission Fund was £85,229 (as requested by the Diocese). However for 2025, this is increased to £117,361. This still represents very good value as the Common Mission Fund covers clergy employment costs, clergy housing and general support for the parish which otherwise we would need to fund separately.

Funds not required to be held without notice are invested in the CCLA Church of England Deposit Fund (for short-term investments) and a combination of the CCLA Church of England Investment and Short Duration Bond Funds. Restricted funds and those funds not required in the short-term are held in investments. During 2024, our investments increased in value by £5,232. It should be noted that these have not been realised and the value of investments can go down as well as up.

The total funds under management. includingthe gains on investments, increased from £453,057 to £461,153. However this is inflated because of funds that have been designated for future use. It was decided to designate £20,tKK) for Youth work and £20.CMX) for costs of maintaining the fabric of our buildings. Our free reserves at the end of 2024 amounted to £74,348. With very significant expenditure required in early 2025 these reserves are likely to ieduce significantly without new donations 3nd/or grants. Reserves Policy It is the policy of the PCC to seek to hold three months, general running costs in unrestricted reserves to cover unforeseen emergencies. Ilf the unrestricted reserves fall below this level they should be gradually built up to this level.) General running costs are defined to be the expenditure which is not met by grants or paid out of restricted or other designated funds. Free reserves are those unrestricted reserves excluding reserves which are the balance remaining from grants or are otherwise designated. At the end of 2024 the unrestricted reserves amount to £226,149 of which £151,801 are designated for specific purposes or are representing the balance from grants leaving E74.348 as free reserve5 and the monthly running costs (excluding those met by restricted or designated reserves/ grantsl in 2024 amounted to approximately £31.000 per month. The balance of grants remaining at the end of 2024 were £5.750 from the Henry Smith Charity for the Youth Community Lead, £20,￿)0 from the Benefact Trust for a new Youth Pastor. £5.559 from the Church Revitalisation Trust, and £23,534 for the Lighthouse. The PCC is extremely grateful to all those who enable the mission and ministry of the parish to flourish: this includes the members of the congregations who give to their time and resources SO generou51y, the retired clergy who preach, lead services and offer pastoral ministry. a range of other organisations who encourage and support the life of the parish. In particular, the PCC would like to thank the clergy. staff and churchwardens for the leadership over the last year and especially during the vacancy. For all that has been we give thanks and we look forward to what the Lord has for the future. Marina Colville Mary Singleton PCC Secretary PCC Treasurer

The Parochial Church Council of the Parish of Andover

Annual Financial Statements

Year ended 31 December 2024

Bankers: CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ.

Registered Charity Number 1204970

Independant Examiner's Report to the trustees of Andover Parish (the charity). I report to the Trustees on my examination of the Sec￿nts of Ihe charity forthe year ended 31 December 2024 Sel out on pages 2 to 11. R6sp8ctlve re8pon8lbllltles of the Trnstees and Inde￿dent Examlner As the tmstees of the charity you are responsible for the preparation of the accounts in accordance ￿1th the requirements of the Charities Act 2011 {the 2011 Acll. I report in respect of my examinalton of the charity's accounts carrted out under section 145 of the 2011 Act and in carrying out my examinalion I have followed all the applKable Directions given by the Charity Commission under 8ectlon 145{51{bl of the 2011 Act. Independent Examlnets 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 confim that l am qualified to undertake the examlnation because l am a member of the Association of Chartered Certified kncountants. I have completed my examinalion. I confim that no material matter8 have come to my attention in connection with the examinolion giving me cause to believe that in any material respect.. 1) accounting records were not kept in respect of the Charity a8 required by section 130 of the 21 the accounts do not a￿ord with those accounllng records,. or 3) the accounts do not comply wth the applicable requirements conceming the fomi and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aG¢ounl$ give a Irue and fair view which is not a matter considered as part of the Independent examination. I have no Cor￿m$ and have come acro88 ￿ other matters In connection w￿h the exarninalion to vthlch attention should be dravdn in the report in order to enable a proper understanding of thè accounts to be reached, Christopher J¢)yce FCCA Hysons, Chartered A￿UntantS 14 London Street Andover Hampshire SP10 2PA Date: I l /] ,'120ZS

Andover Parish Statement of financial activities For the year ending 31 December 2024

TOTAL TOTAL
Unrestricted Restricted Endowment FUNDS FUNDS
funds funds funds 1.1.2024 to 1.5.2023 to
31.12.2024 31.12.2023
Note £ £ £ £ £
INCOME AND
ENDOWMENTS:
Voluntary Income 2(a) 532,202 19,282 - 551,484 273,054
Church activities 2(b) 11,928 60 - 11,988 10,347
Activities for generating
funds		 2(c) 28,963 - - 28,963 38,760
Investment Income 2(d) 7,885 5,895 - 13,780 8,721
Other Income 2(e) 4,221 - - 4,221 2,988
TOTAL INCOME 585,199 25,237 - 610,436 333,870
EXPENDITURE
Charitable Activities 3(a) 591,114 15,132 - 606,246 390,368
Raising Funds 3(b) 1,326 - - 1,326 144
TOTAL EXPENDITURE 592,440 15,132 - 607,572 390,512
NET
INCOME/(EXPENDITURE)
BEFORE INVESTMENT
GAINS/ (LOSSES) (7,241) 10,105 - 2,864 (56,642)
Net gains/(losses) on 7 1,384 2,779 1,069 5,232 11,770
Investments
NET
INCOME/(EXPENDITURE) (5,857) 12,884 1,069 8,096 (44,872)
Exceptional items - - - - 497,929
Transfers between Funds - - - - -
NET MOVEMENT IN (5,857) 12,884 1,069 8,096 453,057
FUNDS
TOTAL FUNDS
BROUGHT FORWARD 232,006 174,334 46,717 453,057 -
TOTAL FUNDS CARRIED
FORWARD 226,149 187,218 47,786 461,153 453,057

The notes on pages 4 to 11 form part of these accounts

2

Andover Parish Balance Sheet as at 31 De￿mber 2024 31.12.2024 31.12.2023 Note FIXED ASSETS InveslmeF7t assets 231 998 231 998 226 766 226 766 CURRENT ASSETS Debtors Short lerm deFK)Srts Cash at bank and in hand 15,850 196,807 28,164 78,847 152 208 259 219 262012 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR NET CURRENT ASSETS 229 155 226 291 TOTAL NET ASSETS 453 057 PARISH FUNDS Unrestricted Endowment Restricted TOTAL FUNDS 226,149 47,786 187 218 461 153 232,006 46,717 174 334 453 057 Approved by Ihe PCC on 1st April 2025 and signed on tts behalf Rev le Seagrave (Acting Rector) The notes on pages 4 to 11 fom part of these accounts

Andover Parish Notes to the financial Statements For the year ended 31 December 2024

1. ACCOUNTING POLICIES

a) Basis of financial statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS102.

The financial statements have been prepared under the historical cost convention except of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

b) Fund accounting

Endowment funds are funds, the capital of which must be retained permanently; the income derived from the endowment is to be used as a restricted income fund in accordance with the purpose for which the was established in the first place.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 9.

Unrestricted funds represent the funds of the PCC that are available for application for the general purposes of the PCC, including amounts designated by the PCC for spending on future projects and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report.

c) Incoming resources

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they related are received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer or when receivable. Al incoming resources are accounted for gross. Rental income from the letting of church premises is recognised when the rental is due.

d) Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when payable. All other expenditure is recognised when it is incurred and is accounted for gross.

4

Andover Parish Notes to the financial Statements For the year ended 31 December 2024

1. ACCOUNTING POLICIES (cont’d)

e) Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Costs associated with the maintenance or improvement of such assets are written off as expenditure in the year in which they are incurred.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

Investments are valued at market value at 31[st] December 2024.

f) Current Assets

Short term deposits include cash held on deposit with CBF Church of England Funds or at the bank.

Amounts owing to the PCC at 31 December 2024 in respect of income are shown in debtors less provision for amounts that may prove uncollectable.

5

Andover Parish Notes to the financial Statements For the year ended 31 December 2024

2. INCOME AND ENDOWMENTS

TOTAL TOTAL
FUNDS FUNDS
Unrestricted Restricted Endowment 1.1.2024 to 1.5.2023 to
funds funds funds 31.12.2024 31.12.2023
Note £ £ £ £ £
2(a) Voluntary Income
Planned Giving:
Standing Orders 154,684 897 - 155,581 90,031
Weekly envelopes/Regular Giving 14,013 2,000 - 16,013 10,308
Parish Giving Scheme 42,451 - - 42,451 28,795
CAF donations 1,800 - - 1,800 1,256
212,948 2,897 - 215,845 130,390
Collections at services/online 20,880 6,216 - 27,096 18,993
Gift Aid recovered 56,005 2,415 - 58,420 34,514
Other giving:
Legacies 3,425 - - 3,425 -
Grants 192,107 3,000 - 195,107 75,573
Sundry donations 46,837 4,754 - 51,591 13,584
532,202 19,282 - 551,484 273,054
2(b) Church activities
Baptism, wedding and funeral fees 11,928 60 - 11,988 10,347
2(c) Activities for generating funds
Church and Hall lettings
Other trading activities 28,963 - - 28,963 38,760
2(d) Investment Income
Dividends 1,678 4,606 - 6,284 4,713
Interest 6,207 1,289 - 7,496 4,008
7,885 5,895 - 13,780 8,721
2(e) Other income
Insurance claim - - - - 710
Miscellaneous other income 4,221 - - 4,221 2,278
4,221 - - 4,221 2,988
Total income 585,199 25,237 - 610,436 333,870

6

Andover Parish Notes to the financial Statements For the year ended 31 December 2024

3. EXPENDITURE

3. EXPENDITURE
TOTAL TOTAL
FUNDS FUNDS
Unrestricted Restricted Endowment 1.1.2024 to 1.5.2023 to
funds funds funds 31.12.2024 31.12.2023
Note £ £ £ £ £
3(a) Charitable Activities
Grants and Charitable Giving 5 - - 5 -
Parish Share 85,300 - - 85,300 73,040
Clergy and staffing:
Clergy and vicarage expenses 7,178 - - 7,178 10,494
Staff employment costs 238,249 - - 238,249 128,512
Staff expenses and training 3,987 - - 3,987 3,405
Church running expenses:
Church repairs and maintenance 39,546 9,621 - 49,167 40,827
Church utility bills 32,785 - - 32,785 16,118
Church insurance 10,573 - - 10,573 6,552
Church centre, Harris Hall, Church Office:
Repairs and Maintenance 5,790 113 - 5,903 6,439
Utility bills 16,267 - - 16,267 9,407
Insurance 1,890 - - 1,890 958
Cleaning 12,055 - - 12,055 14,114
Worship and service resources 21,167 - - 21,167 11,979
Church organ tuning and repairs 1,579 4,956 - 6,535 2,072
Kids and Youth work 5,631 - - 5,631 5,823
Alpha course 652 - - 652 439
Outreach/Social transformation 56,542 - - 56,542 36,360
Pastoral Care 2,074 57 - 2,131 6,679
Church administration:
Administration services 12,075 - - 12,075 -
Photocopier 3,056 - - 3,056 1,681
Printing, postage and stationary 880 - 880 1,209
Telephone 1,175 - 1,175 636
Advertising 1,746 - 1,746 110
IT 5,611 90 - 5,701 3,154
Bank charges 337 70 - 407 216
Independent examination 1,200 - 1,200 1,320
Other expenses 23,764 225 - 23,989 8,824
591,114 15,132 - 606,246 390,368
3(b) Cost of raising funds
Stewardship costs 1,326 - - 1,326 144
Total Expenditure 592,440 15,132 - 607,572 390,512

7

Andover Parish Notes to the financial Statements For the year ended 31 December 2024

4. STAFF COSTS

In 2024 the breakdown of staff costs was:

The average number of full-time and part-time employees was 8 (2023:9).

No employee received remuneration of more than £60,000 during the current period or prior year.


ior year.
TOTAL TOTAL
FUNDS FUNDS
1.1.2024 1.5.2023
to to
31.12.2024
 31.12.2023
£ £
Salaries and wages 222,741 120,129
Social security costs 5,442 3,954
Pension costs (defined contribution scheme) 10,066 4,429
Total employment costs 238,249 128,512

During the period no expenses in respect of trustees’ duties were reimbursed to any trustees during the period. The clergy are paid by the Diocese and not from this charity.

In 2024, the parish employed the spouses of two trustees and the consequent employment costs in 2024 were as follows:


follows:
Name of spouse Employment
cost in 2024
£
Mark Cheshire 12,204
Rowena Selwood 18,310

There were no outstanding balances or amounts written off.

5. DEBTORS

DEBTORS
31.12.2024 31.12.2023
£ £
Tax recoverable 12,156 24,883
Prepayments and accrued income 96 129
Other debtors 3,598 3,152
15,850 28,164

8

Andover Parish Notes to the financial Statements

For the year ended 31 December 2024

6. CREDITORS

7. 31.12.2024
31.12.2023
£
£
Accruals of utility and other costs
32,857
32,928
INVESTMENTS
Summary
31.12.2024
31.12.2023
£
£
Movements in the year – listed investments:
- Market value – 1 January
226,766
229,996
- Purchases at cost
-
-
- Disposals at market value
-
(15,000)
- Movement in value
5,232
11,770
Market value 31 December – listed investments
231,998
226,766

Investments Detail:

Market Carrying Proceeds/ Proceeds/ Realised/
Fund Investment No. price value Valuation unrealised
Shares 31.12.2023 31.12.2024 gain (loss)
in year
£ £ £ £
Investments:
General fund CBF Investment fund – Inc. shares 2674.12 23.1227
60,449		 61,833 1,384
Redman –
Memorial Chapel CBF Investment fund – Inc. shares 765.62 23.1227
17,307		 17,703 396
Redman - Organ CBF Investment fund – Inc. shares 2,066.64 23.1227 46,717 47,786 1,069
Gregory legacy CBF Investment fund – Inc. shares 3,897.05 23.1227 88,094 90,111 2,017
Gregory legacy CBF Fixed interest security fund –
Inc Shares 3,901.62 1.4912
5,647		 5,818 171
Appeal fund CBF Investment fund – Inc. shares 378.29 23.1227 8,552 8,747 195
Total 226,766 231,998 5,232

9

Andover Parish Notes to the financial Statements

For the year ended 31 December 2024

8. FUND MOVEMENTS – SUMMARY

Unrestricted Restricted Endowments Total Funds
Funds
£ £ £ £
Balance at 31 December 2023 232,006 174,334 46,717 453,057
- Incoming resources in the year 585,199 25,237 - 610,436
- Outgoing resources during the year (592,440) (15,132) - (607,572)
- Unrealised gains/(losses) on investments 1,384 2,779 1,069 5,232
Balance at 31 December 2024 226,149 187,218 47,786 461,153
Restricted Funds Balance at Realised and Balance at
31 December Incoming Outgoing unrealised 31 December
2023 resources resources gains/(losses) 2024
Gregory bequest 105,911 3,587 (57) 2,187 111,628
Belfry Fund 1,694 636 (225) - 2,105
Redman Memorial Chapel Fund 18,051 481 - 396 18,928
Redman Organ Fund 7,328 1,316 (4,956) - 3,688
Appeal Fund 2,663 19,013 (8,435) 196 13,437
Peregrines 1,574 204 (1,146) - 632
WA Church Hall 33,321 - - - 33,321
WA Development of Church 1,771 - - - 1,771
WA – Fabric & Maintenance 313 - (313) - -
WA-Relief Clergy 1,598 - - - 1,598
WA Welfare in Parish 110 - - - 110
174,334 25,237 (15,132) 2,779 187,218
Endowment Funds Balance at Realised and Balance at
31 December Incoming Outgoing unrealised 31 December
2023 resources resources gains/(losses) 2024
Redman - Organ Fund 46,717 - - 1,069 47,786
46,717 - - 1,069 47,786

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Andover Parish Notes to the financial Statements For the year ended 31 December 2024

Description of Restricted/Endowment Funds:

Gregory bequest To be used for religious purposes in the Parish of St
Marys at the discretion of the vicar and church
wardens.
Memorial chapel fund – T Redman legacy For the upkeep and maintenance of the memorial
chapel.
Organ fund – T Redman legacy An Endowment fund, the income from which is for the
upkeep and maintenance of the church organ.
Belfry fund For the upkeep and maintenance of the bells and
related equipment.
Appeal Fund The Appeal Fund was set up to repair, refurbish,
renovate, redecorate and reconfigure St Mary’s
Church into a building suitable for use in the 21st
Century. Agreement is needed from St Mary’s PCC
before the Appeal Fund is used.
Peregrines Fund The Peregrines Fund maintains the webcam
transmission of the peregrines nesting on the tower
of St Mary’s Church.
WA Church Hall Fund The WA Church Hall Fund is used for outreach.
WA Development of Church building Fund For the development of St Michael’s West Andover
church building.
WA FISHER - Fabric & Maintenance Fund For the upkeep and maintenance of the buildings at
West Andover
WA Relief Clergy Fund To pay for relief clergy to officiate at St Michael’s
West Andover
WA Welfare in Parish - Andover Charity To pay Andover Charity Trustees for welfare in the
Trustees Fund Parish

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