Th• Pirochlal ChuKh Councll SL Mary'l. Gf•at B•rrlngton R•port and Flnanel•l St•t•m•nts for th• y••r •nd•d 31 D•e•mb•r 2024 St Mary'$ Parochlal Church Councll. Gr•at ￿rrIfi9t0n Contents Pag• Legal and administrative informatlon R•port of the Parochlal Church Council Independent Examiner's report St4tement of financial activiti•s Balance sheet Notes to th• accounts 7-13 5t Marys par￿h{al ChuKh Councll. Gr•at Barrfngton L•g•l and adminlthatlv• infomlatlon for the year •nd•d 31 D•c•mber 2024 R•l•r•nc• and Admlnlstr4tlv• D•talh of th• Ch•rlty St Mary's Parochial Church Council, Great Barrington (registered Charity number 12074001 is responsible for the day-to-day administration of the assets and the church of St. Mary's, Great Barrington. Th• Charitys addre551s'. Manor Farm Great 8arrlngton Burford OX18 4US Custodian Trust••s Richard Crosble Davtson Olivia Wingfield Indepondent examlners Gravita Audit Oxford LLP First Floor, Park Central, 40-41 Park End Strn•t, Oxford, OXI 1JD Bankers Vlrgin Monéy 7 Gold Street Northampton NN? IEN Report of the P•rochlal chU￿h Coun¢ll for th• y••r •￿d￿ 31 DK•mber 2024 Stru¢tiir•* gov•rnane• •nd m4n•g•m•nt The PCC of St Mary's, Great Barrington is a registered Charity under the name of The Parochial Church Council of the Ecclesiastical Parish of St Mary's Great Barrington, registered number 1207400 and the Charityls a public benefit entity. The Charity was régistered by the Charity Commission for England and Wales on 12th March 2024. The Charity is run by two trustees. The registered Administrator is R Crosbie Dawson. The Charity produces annual accounts. Th8 acctsunts for 2024 have been subject to an independent examination by Gravita Audit Oxford LLP a5 income for the year at £285,301 exceeds the threshold of £250,000 at which an independent 8xaminaticn is required. Income is not expected to exceed £250,000 in any year thereafter, so further indèpendent examinations are not anticipated. Alm and Purpos• The Charity's objectives are to maintain ènd administer thè chL*rch of St Mary's, Great 8arrington and advancemgnt of religion in the parish and in the Windrush 8•neftce. All worship is public and open to all freè of charge. The church is also available for baptisms, weddings and funerals as required. ObJ•ctlv•s and A¢tlvlil•s Th8 major artimty in th8 year was the continuation and near finalisation of th• major programme of restoration employing the servlces of a specialist architKt, Falconer Gilbert Scott, and of a specialist contractcr Centrelin• Archlteclural Sculpture. DurSng this period the church was closed to visitor5 for safety reasons. A¢hl•v•m•nts and P•rfomiane• A major achi•v8m•nt has been managing the projqct to b• delivered largely withln budget and to expectations. There were nLtmerous site meetings with the architect and contrartor to as51St in the proce$5. Thé ￿sU11 is that a fully renovated church should be avallable for public access and worship again eady In 2025. Fln•n¢l•l R•vl•w The Charity has been fortunate In that exp•nditur8 on restoration work of £318,705 to dal• ha5 b••n financéd by gonerous donation5 of £285,000 from indiwdua15 and the Little Barrington Charity. Other recurrin9 annual costs of £8,094 remain much in line with the previou5 year1£9,6561. The Charity plans to continue to fund the completlon of the restoration contract and ihe Church's annual running cost5 through fvrther donations. A fimi commitment has been secured to fund the 2024 deficit of £21,911 and ongoing expenditure as it arises. The deficit of £21,9118rose due to the tlmln9 of donations against expenditurè incurred. Donations promised are not accountéd for until they are actually received in the Charitls bank account. TruJt•eJ' Responilbllltl•s Charity law requires the Trustees lo prepare a¢¢ounts for each financlal year which give a true and falr vièw of the state of affairs of the Charity and of the surplus or deficit of the Trust for that period. In preparing those accounts, the Tru5tee5 are requlrèd to.. select 5Ultable accounting policies and apply them consisténtly make judgements and estimates that are reasonable and prudent state whethèr applicable accounting standards and statements of recommended practi¢8 havè been followed, subject to any departure5 discloséd and explained in the flnancial statéments,. and prepare the accounts on the going-concem basis unless it is inappropriate to presume that the Charity will continue in operational existence. The Trustees are responsible for keeping proper accounting rècords ￿1(h disclose with reasonablè accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts omply with the Charitles Act 2011. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for tho preventlon and detection of fraud and oth•r irregularities. This r ort was appro kj c)J&i d by the PCC on.......... . 2025 and signed on its behalf ty. Crasbie Dawson (Trusteel St Mary's P*rochSal Church Councll. Great Barrlngton Indèpendent Examln•rs' R•port to St Mary's ParDthlal Chur¢h Councll, Grtat Barrlngton I rgport to the trustees on my examination of the accounts of St Mary's Parochial Chui'ch Council, Great 8arringlon (the Charity) lor the year ended 31 December 2024, which are sel out on pages 5 to 13. Respon51blllties ond bosls of Mport As the trustees of the Charity, you are responsible for the preparation of ihe accounts in accordance with the requirements of the Charities Act 2011{'the Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carryii)g out my examination I have followed all the applicable Direction5 given by the Charity Commi55ion under section 1451511bl of the 2011 Act, Independent examlner s stotement Since the Charity's gros5 income exceeded £250,000 your examiner mu51 be a Inember ol a body listed in sèction 145 01 the 2011 Act. I confirm that l am qualified to undertake the examination b8cause l am a membei ol the Institute ol Chartered Accountan15 in England and Wales, which is one ol ihe listed bodies. I have completed my examination, I confirm that no material mattel's have come to my allention in coiinection with the examiiiation 9iving me cause to believe that in any material respeci., 111 accounting records were not kept in respect of the Charlty as required by section 130 01 the Act,. or 121 thè accounts do not accord with Ih05è records., or 131 Ihe account5 do not comply with the applicable requlrements concerning thé form and content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which Is not a matter considered as part ol an independent examination, I have n¢ conceri)s and have come across no other matters in connection with the examination to which attention should be drawn in this rep¢rt in order to enable a proper undei'slanding of the accounts to be reached, Date 0911012025 Peter Foley, ACA G1'aV￿ta Audit Oxford LLP, Park Central, 40-41 Park End Bridge Street, Oxford, OXI IJD st Mary's Parochlal Church Councll. Great Barrlngton Stat•m•nt of Flnanclal Actlvltl•s for th• y•ar ended 31 D•c•mb•r 2024 2024 Total 2023 Totsl Unr•strlct•d Note Fundj Fundj Funds Income from: Oonations arKI Legac Charltable activiti•s 284,518 783 284,518 783 77,786 1,039 Total Exp•ndltur• on: Church Actlvlti•s Tot*1 N•t Incom• b•for• g•lni and lo•ws on Inv•stm•nts (42,9981 142,9881 20,110 Incom•l{•xp•ndltui•) Transfor5 between fvnds N•1 mov•m•nt In funds Balonc• brought forward 142,998) 142,998} 20,110 1 January 2024 Balan¢•carrl•d lotw•rd al 31 D•c•mb•r 2024 St Mary's Parochlal Chureh Councll. Great Barrlngton. Balane• She•t for the year ended 31 Dec•mb•r 2024 2024 2023 Curr•ntassets Debtors Cash at bank and in hènd 785 4,071 21,087 Credltors: amounts 14lllng du• wlthln on• y•ar 10 Net current •x•tslOl•bllltl•J) N•t •M•ts Fund• Unrestricted funds 12 Total funds The financlal Siatements wer• approved and authorfsed for Issue by th• PCC on............................2025 and signed on their behalf by. (2fvkn Rlchard Crosble Dawson Th• notes on pages 7 to 13 fomi an integral part of thes• financial stat•ménts St Mary'i Parochl•l Church Councll. Gr•at Bartln9tan. Note5 to the flnanclal statements for th• y•*r •nd•d 31 O•c•mb•r 2024 ACCOUNTING POLICIES countlng ¢onv•ntlon The financial statements ar8 prepared under the historical cost convention, with the exception of nvÈstment5 which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI, 'A¢counting and Reportlng by Charilies, revised 2015 and applicable accounting standards. Fund accounilng General funds are unrestricted funds which arè available for us• at th8 discretion of thè Parochial Church Council in furtherance of its general objectives and which hav• not been designated for any other purposes. In¢om• All income is Included in the Statement of Financial Artivltle5 (SOFAI when thé Charlty is legally entitled to the income and the amount can be quantified with reasonable accuracy, Donatlon5 are reccgnlsed when received, unless there is evidence of entitlement to the donation at an earlier dat•. Donations with condition5 attached are recognised as Income when those conditions are met. Where conditions are oustanding at the reporting dato, the donation is treated as deferred incorn•. Amounts recèived in rÈspect of weddings, funerals and relatèd 5•rvices are recognised as income in the period In whlch the service takes plac8. Fees recelved in advance of the seNlce aré deferred and recognised as a liability until the service 15 deliver•d. R•souffw •xp•nd•d All expenditure is accounted for on an accruals basls and ha5 be•n classified under headings that a99regate all costs related to the catagory. Where costs cannot be dim¢tly attributed to partlcular headings, they have been allocat•d to activities on a basis ¢onslstont wth use of the resources. ACCOUNTING POLICIES (CONTINUED) GolTrg concern These financial siatements are prepared on the going concern basis. The Trustees have a reasonable expectation that the Charity has adequaté resources to continue in op•rational existence for thg foreseeable future, and are not aware of any material uncertainties which may cause doubt on the Charity'5 ability to continue a5 a going concem. l.& L•v•l of toundlng The financial statements are prepar•d in stedingi which is thé functional currency of the Charity. Monetary amounts in these financial statemenls are rounded to the nèarest £. 1.9 C•sh •nd caih •qulval•nts Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-temi Ilquid investments with maturities of thr•4 month5 or less, and bank ov•rdrafts. 1.10 Bajle fln•n¢l•l 158•ts Basic financial assets, which includ• cash and bank balance5, are initially measured at transaction price including transactbon costs and are subsequently carried at amortised interest method unlèss the arrang•m8nt constitute5 a financlng transartion, where the transaction is measured at the present value of th• frJturé receipts discounted at a market rate of interost. Financial assets classlfled as receivable withln one year are not amortS$ed. 1,11 fln•nel•l Il•bllltl•$ Basic financial liabilitie5, including creditor5 arè initially r•¢ognis•d at tr4nsactlon prlc• unless the arrangement constitutes a ffinanclng transaction, where the debt instrurnent Is measured at the present value of future payments discounted at a market rate of interest. Financial liabi1Stles classltl•d as payable within oné y6ar aro not amortised. 1.12. Judg•rn•nt$ and wtlmatlons The estimates and underlying assumptSons ar¢ reviewed on an ongoing basis. Revlsions to accountlng estimate5 are recognised In the period in which the estirnatt is rtvised where the rev15ion affects only that period, or in ihe perlod of ihe revision and fvture periods where the revision affects both current and future periods. The trustees consider the depreciation policy to be the most Significant estimate. This Is based on the useful lifg of the assets (note 1.5) St Marfs Parochlal Church Councll. Gr•at Barrlngton. Nol•$ to the fln•n¢lal statements for th• y•ar •nd*d 31 D•cember 2024 (contlnu•d) DONATIONS AND LEGACIES 2024 Unr•strlrt•d Totsl All Funds Donations 2023 Unr••trl¢t•d Tol•l All ￿nd* Donatlons CHARITABLE ACTIVITIES 2024 2023 Unvwtrktsd Totsl All Funds Unrwtrf¢t•d Totil All fvrKI• Funerals & Wlddlngs 4. CHURCH AcfiviTIES 2024 2023 Total All Fundi Curr•nt y•Ar Unr•Jtilct•d Fund• Dlr•ct Costs Parish share Ministry Team expenses Church runn￿ng expenses Church maintenance Support and Gov•rnafte• Cogts {Note 5) 3,500 730 3,864 318,705 3,500 730 3,864 318,705 7,100 577 1,979 49,059 io St Marfg Paroehl•l Church Councll. Gr•at B•rrlThgton. Not•s to th• fln4Tr¢lal rtat•m•nts for th• y•ar¢nd•d 31 Drf•mb•r 2024 (conilnu•d) 2023 TotslAII FundA Pflor Y•ar Unr•strkt•d Dlr•rt Co•ts Parish sharè Ministry Team éxp•nses Church running expenses Church maintenanc8 Support and G•vwnane• Costs (Not• S) 7,100 577 1,979 49,059 577 1,979 49,059 st Mary's Parochlal Chureh Councll. Great Barrlngton. Notes to the f lfiahclal statements for the y•ar Mded 31 De¢•mb•r 2024 l May and Novembor. to dlscuss matters of common interest to our churches and to form. update and Implement a develownent plan for our beneflce, The Woy Aheod. One meetlng was also attended by the Benefice and PCC Treasurers, so that the finances of our churches might be considered together. A full attendance of these meetings has been the pattern. ELECTORAL ROLLS Ald$worth There are 21 people on the Roll, 3 of whom are non-resldent 2 have been added and none hive been removed from the Roll In the part year. Gr•at Barrln8ton There are 3 people on the Roll, l of whom Is non-rnsld8nL None have been added or removed from the Roll In the past year. Uttlo Barrlngton There are 23 people on the Roll, all of whom are rtsldenL None have been added or reM0￿d from the Roll In the past year. Sh•rborn• There are 24 people on the Roll, 23 of whom Ire resldenL None have been added or removed from the Roll In the past year. Wlndrujh There are I S people on the Roll, all of whom are resldent. None have been added and 2 who have moved away have been removed from the Roll In the past year, B•n•flco There are 86 people on the Electorai Rolls of our fiv• churche& Th13 1$ a slmllar total to that In 2022,