Annual Report & Accounts 2024 I I ie Pai i jil ol Kerèsley & Coundon // 1 @ 9 11 I ', Ifst thomas, FES7IVAL Welcome to the Church Itefv•shthe•ts siJls 11 ## **Information and Legal Notice** ## **Church remises p** St Thomas’ Church, Tamworth Road, Coventry CV6 2EL, and The Pit Stop 7-8 Rathbone Close, Keresley End, Coventry CV7 8LD ## **Incumbent** ## **PCC Membershi p** Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting or co–opted by the Church Council in accordance with Church Representation Rules. During the year the following served as members of the PCC: ## **Clergy** Rev Charlotte Jackson Rev Charlotte Jackson ## **Lay Reader** ## **Bank** Barclays Bank, 25 High Street, Coventry CV1 5RE ## **Financial Examiner** Canon Gavin Kibble MBE 1 Kineton Road, Wyken, Coventry, CV2 3NR ## **Le al Advisor g** Mr Geoffrey Cotterill, 8 The Quadrant, Coventry CV1 2EG ## **Architects** Mr Simon Bird, Flying Buttress Architecture, Mountsorrel, Loughborough, LE12 7DE ## **Valuers** Cartwright Marston, 59 Coton Road, Nuneaton CV11 5TS ## **Objectives and activities** THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS KERESLEY & COUNDON is a charity registered with the Charity Commission, charity number 1207538. St Thomas PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. When planning our activities for the year we have considered the Commission’s guidance on public benefit and in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our Parish community through: - Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the Parish - Missionary and outreach work The PCC is responsible for the Church Hall, Wickham Close, and for part of the year the house at 32, Parkfield Road Keresley End (house sold May 2024). Keresley Village is a Conventional District; The Pit Stop (formerly known as Keresley village community church) and the flat above it at 9 Rathbone Close, Keresley End, are jointly owned by the Anglican and Methodist Churches, but are solely managed by the PCC. Mr Clement Wedderburn ## **Churchwardens** Mrs Margaret Potter Ms Claire Fletcher (vice chair) ## **PCC Secretary** Mrs Heather Hudson **Deanery Synod Representatives** Mrs Margaret Potter Mr David Wilson ## **Elected Members** Mr Robert Ashley Mrs Danielle Beaumont (deputy churchwarden) Mr Anthony Crisp Mrs Debbie Frawley Mrs Dorothy Hall Mrs Heather Hudson (PCC secretary) Mr Gary Owens Mrs Janet Wilkins Dr Gordon Wilson (treasurer) ## **Church Membershi p** At December 2024 there were 66 on the Anglican Electoral Roll: 3 people removed from the roll and 6 people added during the year. ## **Getting in Contact** |||| |---|---|---| |Post:||The Parish Office,
34a Tamworth Road,
Coventry, CV6 2EL.| |Telephone
and Fax||(024) 7633 2717| |Email||office@keresley.church| |Website||www.keresley.church| There is one sub-committee of this Council: the PCC Standing Committee. ## **Reports** ## **Vicar’s Report** 2024 was another great year for St Thomas. We’ve seen growth in the numbers of people attending our services and events as well as growing in depth in our discipleship together. This year we have continued to reach out to our community, to engage with local schools and stakeholders as well as grow in our fellowship together as church family. In September 2023 we launched our vision of investing in the Pit Stop to share God’s love in our community. Over 2024 we have seen new volunteers coming to help run the Coffee Stop each Wednesday, making it easier for us to remain open every week, maintaining our presence in the heart of the community. The other groups meeting there have strengthened, seeing Messy Breakfast becoming more established with a vibrant family feel as well as the Sewing Bee increasing in membership and reach. Our connections in the village through the residents’ association, local residents, police, council and other stakeholders grows as we all try to show our love of the village. ||We have seen the following ministry to
individuals in 2024
Funerals in church
11
Funerals at Crematorium
3
Burials in churchyard *
1
Interment of ashes in
churchyard*
13
Interment of ashes in Garden of
Remembrance*
3
_*Please note: Not all the burials or ashes_
_werepreceded by a service in St. Thomas’._
Weddings
5
Renewal of vows
-
Banns of marriage
1
Baptisms & Thanksgivings
10|We have seen the following ministry to
individuals in 2024
Funerals in church
11
Funerals at Crematorium
3
Burials in churchyard *
1
Interment of ashes in
churchyard*
13
Interment of ashes in Garden of
Remembrance*
3
_*Please note: Not all the burials or ashes_
_werepreceded by a service in St. Thomas’._
Weddings
5
Renewal of vows
-
Banns of marriage
1
Baptisms & Thanksgivings
10| |---|---|---| ||Funerals in church|11| ||Funerals at Crematorium|3| ||Burials in churchyard *|1| ||Interment of ashes in
churchyard*|13| ||Interment of ashes in Garden of
Remembrance*|3| ||_*Please note: Not all the burials or ashes_
_werepreceded by a service in St. Thomas’._|| ||Weddings|5| ||Renewal of vows|-| ||Banns of marriage|1| ||Baptisms & Thanksgivings|10| |||| In 2024, we took the decision to stop our mid-week children’s group, Bl@st! after many great years. This made us rethink our children’s and families work as a church, and we spent the summer season pondering and praying into this. In September a group of us gathered with Thrive Youth ministries for a more formal review. This enabled us to decide to focus on working family by family, by committing to pray for each other and befriending and journeying with those families we have contact with. The church will still run one off events as well as strengthening our existing family ministries. We pray for God to honour our decision and work in the lives of those we are seeing engaging with us. Our pattern of daily corporate prayer underpins all we do, and each is attended by faithful members of the congregation. It is a joy to share in prayer and reflecting on the Bible readings together. Our services continue to serve the congregation with a variety of offerings. The 9am communions continue as well as our pattern of 10:30 services. The All Age Worship Team and our licensed lay reader, Clement all offer their gifts and time to making our services work for which I am very grateful. Numerous others give to fellowship and teaching, in running the home group, refreshment group and Messy Breakfast. Others serve in church and behind the scenes in helping services run, arranging flowers, cleaning, gardening amongst other activities. We are pleased to continue to have our bell ringers serving us weekly. The PCC all give in various ways to support the buildings and finances of the church as well as in strategy and vision. This will continue this year, and we welcome new members coming on board to bring new ideas and perspectives. The sale of the church house in Keresley village was finalised in 2024, paying back towards the church works from 2023 as well as releasing funds to invest in other church projects. We continue to work on bringing down our deficit budget through increasing income and decreasing expenditure. The Eco Group continues to move us forward with various activities and changes, often behind the scenes (see separate report for more details.) There is an updated survey being launched for 2025 so the team will work through the changes as we look to Annual Report & Accounts 2024 progress from bronze to silver and support other local churches in their journeys too. There have again been numerous occasional offices, allowing engagement with more local people supporting them through the highs and lows of life and sharing the gospel with them. Some of these have engaged with us in services, events and celebrations which has been a delight. Our work with schools also continues, including increased support with one school through teaching Christian worldviews as part of the RE curriculum. 2024 has been a good year for St Thomas, made possible by all the members. Thank you to everyone who has been a part of it. There are too many to name individually but know we can only do this together as we offer our talents, gifts, time and money. We are committed to serving our parish, community and members as we seek to show the love of God and witness to the difference Jesus makes to each of our lives. We look forward to what God has for us in 2025. _Charlotte Jackson, Vicar_ ## **Churchwarden’s Report** ## **Fabric report** ## **Church building** It has been a quieter year this year, with no major refurbishment works. However, the sale in 2024 of our asset at Parkfield road allowed us to replenish the finances for the refurbishment in 2023. Other work carried out on the church building included an asbestos inspection and the updating of the asbestos management plan. Thanks to Gordon Wilson for taking the lead on this project. There have been ongoing issues with damp in the church. The Galilee Room roof is being investigated and will be repaired in 2025. In 2025 we are looking at the accessibility of our buildings and will be looking into the installation of a rail up the chancel steps. ## **Churchyard** The community payback team have done amazing work keeping the graveyard looking good this year and the church would like to extend our thanks to them. ## **Church Hall** The defibrillator that was stolen in 2022 was replaced in 2024 with insurance money and a donation from Keresley Parish Council. Several improvements to the Hall have been made this year. The main hall had new flooring put in and it has made a massive improvement to the overall appearance of the hall. ## **Thanks** ## **Church life** ## **Worship** 2024 has been an exciting year of growth for the church, with lots of new members and enthusiasm from the congregation, with new and existing members being baptised. We have had several well attended special services this year, with a meal in church on Maundy Thursday which was a highlight and a wonderful evening of fellowship and service. Sadly, we have lost three beloved church members this year, Rob Gilbert, Thora Mawby and Jenny Timms, who we remember with love. ## **Welcome** Social events have been numerous in 2024, with a Harvest supper in October and a community festival in June that was full of fun and held in the church and grounds. We had live music, games, stalls and crafts and a great day was had by all. Thanks to those who regularly carry out routine maintenance on the church and church hall and to the cleaning teams who keep the church looking fantastic. 4 We continued with Sunday afternoon teas at the church throughout the spring and summer and had lots of people drop by to talk to us and enjoy cake in the sunshine. The Christmas fayre in December was even better than last year. It was very well attended by the church family and local community and raised a lot of money towards the life of the church. We would like to thank all of those who arranged the social events, cooked meals, helped to run them and took part. It’s an important part of the life of our church and much appreciated. Our church hall has become home to another worshipping community, the Bethel Prayer House, and a unity service for combined churches in our parish will be held here in January to worship together. ## **Bell ringers** The church wardens would also like to thank the dedicated bell ringing team. It is wonderful to have the bells back after Covid and the bell ringing team are doing a fantastic job. Their newest member has now progressed to Sunday ringing. ## **Thanks** The Church Wardens would like to thank everyone who has supported and contributed to the life of the church. We look forward to the next year with the anticipation of more growth, more outreach and closer ties with our local community. ## _Claire Fletcher, Margaret Potter and Danielle Beaumont_ ## **Pit Stop Report** ## **Fabric** Over the course of 2024 several upgrades to the building were carried out. CCTV was installed inside the building to help manage any incidents of antisocial behaviour (ASB). This complements the camera the police have in the precinct. A grant was received at the very end of the year to improve security at the back of the building which will be actioned in 2025. LED lights were installed throughout the Pit Stop completing work that had begun the year before, and the kitchen received a full re-paint. The dividing doors between the two halves were becoming a potential health and safety issue and the decision was taken to leave them open permanently and reassess in the future. A fire risk assessment was carried out on the building and several remedial works were conducted, further improvements and fire training will follow in due course. The kitchen inspection (as part of providing food to the public) was approved at the highest level in April with a few minor works needed which have been completed. ## **Church activities** ## **Coffee Stop** The Coffee Stop continues to be open weekly from 9:30am, closing at the slightly earlier hour of 1pm. The volunteers provide simple meals and drinks and engage with those that come in. Attendance has fluctuated and varies week to week, but our commitment is to remain open each week and maintain a presence in the community. On occasion donations from local supermarkets are brought in and given away to customers. We received a Warm Hub grant which contributed towards heating and running costs. ## **Table Tennis Group** Continued to meet on Thursday evenings run by local village residents ## **Sewing Bee** The Sewing Bee launched in the autumn of 2023 for local residents to learn and share sewing, and craft skills, supported by two people with formal sewing qualifications. It has continued to be well attended by 12-15 people twice a month on a Friday teatime. In September a sale of unused and surplus fabric and materials raised funds for the children’s projects the group wanted to work on. ## **Residents Group** The Keresley Village Residents Association (KVRA) started a wider residents meeting in conjunction with us. This was a group to see how we can have a positive influence in the village particularly given the ongoing issues with the building next door and ASB. This aims to work better in partnership and projects discussed included a village easter trail and working on village green status. Litter picks occur once a month as one way to keep the village tidy, complemented by local residents efforts in between. Local councillors are very supportive and involved as well as others from time to time including the neighbourhood police team. Church representatives also attend a local multi- Annual Report & Accounts 2024 stakeholder group looking at ways to make improvement in conjunction with other local services and groups. ## **Other Activities** The Pit Stop is also hired out for other activities and parties. The regular Pilates class ended in June and St Michael’s children’s group moved out in the summer and relocated to the school. ## **Messy Breakfast** see separate report _Dorothy Hall and Charlotte Jackson_ ## **PCC Secretary’s Report** The PCC met 6 times during the year with an additional 3 single item short meetings; the Standing Committee met 4 times. The APCM was held on Sunday 21[st] April 2024. Claire Fletcher and Margaret Potter were elected as church wardens. Immediately after the APCM, a short PCC meeting was held where Gordon Wilson was elected as Treasurer, Claire Fletcher as Vice Chair, and Heather Hudson as PCC Secretary. In April 2024 the PCC was registered with the Charity Commission as a charity in our own right. Major items dealt with during the year included: - Completing the sale of 32 Parkfield Road - Replacing the flooring in the church hall main room - • Accessibility items - Running a successful community festival - Reviewing our ministry to young people and families The focus for 2025 will include: - Working on improvements to disabled access and ease of use of the church building - National Safeguarding Standards - Quinquennial report response - Continuing our work on eco church activities and working towards silver award status - Furthering the ministry and mission of Keresley parish. ## _Heather Hudson_ ## **Deanery Synod Report** Deanery Synod is an opportunity for Lay and Clergy members of Parishes in Coventry North Deanery to meet together to share what is happening in their Parishes and to be informed of matters relating to the Deanery. There were 3 meetings held across the deanery during 2024. The first, in February, was at St. Paul’s Church, Foleshill with worship led by Rev Matthew Bull who is on placement at St Paul’s at the end of his curacy. Bishop Ruth spoke on the importance of being made welcome, recognising where God is already at work and ensuring we have our own times of refreshment. Rev Kate Pellereau from St Laurence spoke about her new project, the ‘North Coventry Greenhouse’, a resource to help us grow and cultivate mission in our parishes. The second meeting, in June, was at St Laurence’s Church and was a time for prayer, sharing what God has been doing in our parishes and a celebration. The final meeting was in October at St. Luke’s Church, Holbrooks where worship was led by Father Simon. The speaker was Sarah Price, Diocesan Safeguarding Advisor. She spoke about the new National Safeguarding Standards and said that PCC’s must consider how they can promote a healthy and safe church culture. There will be a Safeguarding Sunday when safeguarding will be at the forefront of the service and resources are available to help plan this service. During the year Hazel Bailey retired as Deanery Synod Representative and David Wilson stepped forward to take her place. There is still a vacancy for another representative. _Margaret, Hazel, David and Charlotte_ 6 ## **Eco Church** The Eco team continue to progress our work around creation care. The focus is on the Eco Church programme that churches across the Diocese follow. We achieved our bronze award and are now working towards silver. The areas of focus are: Worship & Teaching, Buildings, Land, Community & Global Engagement and Lifestyle. Creation care features regularly in our teaching, intercessions and children’s work. We continue to transition building areas such as with LED lighting, timed heating as well as committing to purchasing ethical and environmentally friendly products as much as possible. Each quarter we have a themed item for the church to consider and this has included looking at our travel to church as well as managing to successfully twin all 8 of the toilets across our three sites. There is a dedicated ## **Refreshment Grou p** _Meets fortnightly on Tuesday afternoons_ Refreshment group continues to thrive and grow in number despite the sad loss of Jenny Timms and others who have moved out of the area or suffering ill health. The group has enjoyed meals out, visits to the theatre and a summer outing to a garden centre. It supports events and services planned by the church. Regular meetings in the Galilee Room involved tea or coffee, cake and biscuits, songs, hymns, prayer, and lots of chat. _Margaret B_ noticeboard in the Galilee Room which we intend to build on in 2025 with tips and hints on sustainable living. We ended the year with our communal Christmas card scheme which again worked well. A new survey is to be launched in the new year, so the team will be working on the changes needed as we keep progressing forwards and working towards silver. Charlotte continues in her role as Deanery Environmental Rep as well as being a member of the Diocesan Environment Group. From time to time, she supports other churches in their eco church journey and is open to pulpit swaps too to enable others to benefit from her expertise and passion. Anyone who has a heart for this work is encouraged to get involved as we all take our part in caring for what God has given us in our beautiful Earth. _Charlotte, Stella, Andrew and Debs_ ## **House group** _Meets fortnightly on Tuesday evenings, alternate weeks to the Refreshment group_ House group met regularly during the year. We are a small group and offer a welcome to others to join us. There is great value in having that fellowship, prayer and fun together. We usually meet fortnightly on a Tuesday evening but for times such as Lent or Advent we often move to weekly meetings. We break for the summer. This year we looked at studies about the letters from John, Living Generously, Diocesan courses and Bible project subject sessions. _Heather and Claire_ Annual Report & Accounts 2024 ## **Mess church y** This year, 2024, saw the first full year of the relaunched Messy Breakfast (post pandemic) with monthly meetings continuing on the 2nd Saturday morning of the month at the Pit Stop. Combining hospitality, creativity and celebration within each session, we have looked at topics such as Spring and People Who Care for Us as well as Francis of Assisi and Joseph (the one with the coat!) The team continue to plan together and rotate roles on the day between the kitchen, front of house and leading craft and worship. Our congregation continues to be All Age with members of St Thomas regularly joining us as well as contacts from the Village and Church groups such as First Steps. Our busiest month was December with 34 attendees. people willing to be on a ‘ _I could help’_ list as it can be difficult to staff the occasional sessions when multiple team members are unavailable - please speak to Charlotte. _Jo, Gordon, David, Claire, Charlotte, Helen, and Stella_ We would welcome prayer for the relationships we continue to build as well as the practical support of ## **Children and oun eo le y g p p** ## **Sunda school y** Sunday school continues to be a special and cherished space for children to grow spiritually and learn about the Bible, while adults engage in worship and learning during church services. It offers a nurturing environment where young minds can explore faith, ask questions, and connect with biblical teachings in meaningful ways. We meet on the 2nd and 4th Sundays of each month, while family-friendly services on other Sundays ensure everyone has opportunities for worship together. Our Sunday school welcomes a broad age range of children with different church experiences. Some are encountering Bible stories for the very first time, and others bring their extensive knowledge of scripture to share. This blend creates an atmosphere of shared discovery and mutual learning among the children - and the leaders too! Throughout the year, we've explored stories from both the Old and New Testaments, tackling even challenging topics such as the book of Jeremiah. The effort to present these stories in ageappropriate ways has been both a joy and a creative challenge, ensuring they resonate with the children and support their understanding. Looking ahead, we remain committed to making Sunday school a space where children are inspired, engaged, and supported in their spiritual journey. _Margaret, Debbie, Stella and David_ 8 ## **Bl@st!** We started 2024 with our 7 loyal members, our format continuing as: game, song, Bible story, share chair and craft. Danielle taught us some sign language too. We knew we'd be losing Katy as a leader by March due to her work commitments. Danielle, Debs & Stella continued to enjoy leading, we had some good fun and learning in our sessions, the children sharing their insight, knowledge and news. Before we broke up for the Easter holiday we invited parents to come along towards the end of the session to hear the children sing a song they had learnt 'Jesus strong and kind' and to see them signing the Lord's Prayer. It was a lovely way to end the term. By late spring we were struggling to maintain the group due to leaders' other commitments. We decided to proceed month by month as long term planning wasn't possible. Charlotte was kept informed and had met with us. Danielle looked into the possibility of us 'joining forces' with another local church children’s group but there were no options available. Ultimately we had to take the decision to close the group. We are thankful for the couple of years we were able to meet again as Bl@st! On 25 June we had a party to celebrate our final meeting. With sincere thanks to all who were involved with the group; the leaders, the children themselves and their parents, those who helped lead now and again and to Charlotte for her support.". ## **First Steps** ## _meets in the Galilee Room, Monday mornings in term time, 9.30-10.30am_ First Steps has continued well in 2024. We have welcomed a number of new families to join us, many of whom attend regularly. It has given us the opportunity to share in life with many more families and encourage them on their way. The children love playing and engaging with each other, they enjoy time sitting together eating toast and joining in a song as we finish. One highlight was just before Christmas taking everyone into church to tell the Christmas story and sing Christmas carols together. Several of our children have moved onto nursery and we miss them being with us but know that is the nature of the group. Jan has not been well enough to be with us this year, but we are thankful for the support we’ve had from Stella, Hazel and Ellie to help the group continue. We look forward to another year of making and growing connections into 2025. The group is open to everyone with pre-school age children from birth until they start school. _Charlotte and Margaret_ _Bl@st craft activity on Jesus’ baptism_ _Stella, Danielle and Debs_ Annual Report & Accounts 2024 ## **SAFEGUARDING REPORT** _As a Church of England church we have a legal obligation to put in place the Church of England Safeguarding Policy and Practice Guidance. This guidance is written by experts in both church activities and safeguarding and is designed to make sure that children and vulnerable adults are safe, whichever church they attend. One of those legal obligations is this report, outlining how we’ve done within the year._ My absolute, heartfelt thanks go to all of St Thomas’ Church for your support during my first year here as Parish Safeguarding Officer. You have shown your absolute commitment to the safe recruitment and support of volunteers in 2024 and have done your best to keep the vulnerable people in our church safe from harm. ## **National Safeguarding Standards** 2024 was a year for safeguarding reform across the Church of England, with a particular focus on the new National Safeguarding Standards. The Standards are essential for the Church to understand the quality and impact of its safeguarding activity. The Five Standards are: 1. Culture, Leadership and Capacity: Church bodies have safe and healthy cultures, effective leadership, resourcing and scrutiny arrangements necessary to deliver high-quality safeguarding practices and outcomes. 2. Prevention: Church bodies have in place a planned range of measures which together are effective in preventing abuse in their context. 3. Recognising, Assessing and Managing Risk: Risk assessments, safety plans and associated processes are of a high quality and result in positive outcomes. The assessment and management of risk is underpinned by effective partnership working. 4. Victims and Survivors: Victims and survivors experience the timeliness and quality of Church - bodies' responses to disclosures, and their subsequent support, as positively meeting their needs, including their search for justice and helping their healing process. 5. Learning, Supervision and Support: All those engaged in safeguarding-related activity in Church bodies receive the type and level of learning, professional development, support and supervision necessary to respond to safeguarding situations, victims and survivors, and respondents, effectively. There are a number of tools made available to us by the diocese so we can see how well we’re doing against these standards and I am pleased to report that St Thomas’ Church performs well. We have my role in place, to make sure, alongside the vicar and the PCC, that the church is safe. Every volunteer who has a position of leadership over children or vulnerable adults has been safely recruited, and every activity has been risk assessed. Every incident no matter how small is documented and shared with the diocesan safeguarding team, and we agree what action to take. There are constant discussions, many of which you will never hear about, around how to keep this church safe, and how to make it even safer. In 2025 we will hold our first **“Safeguarding Sunday”** , looking at how we make safeguarding part of our worship and discipleship. We will also be looking more at how victims know they are supported, and how the church can be a safe space for them. Our safeguarding policy and other guidance is visible in the church building in the Galilee Room. You can also view it online at https://www.keresley.church/policies/safeguarding/ _David Wilson, Parish Safeguarding Officer safeguarding@keresley.church_ 10 ## **Treasurer’s Report** ## **Financial Review** _Total receipts on both unrestricted and restricted funds were £167,492 being more than £60,000 higher than 2023. This appears positive but requires explanation to understand where the increase has come from._ As may be seen clearly from the **Incoming Resources** chart, there was a very significant injection of income from “other”, which would normally account for grant funding and small amounts of income from other sources. More than £70,000 of this in 2024 comes from the difference in the estimated valuation of the Parkfield Road property that was made in 2013 and the sale price that was agreed in 2024. **----- Start of picture text -----**
Incoming Resources
£90,000.00
£80,000.00
£70,000.00
£60,000.00
£50,000.00
£40,000.00
£30,000.00
£20,000.00
£10,000.00
£-
Donations, Activities
Investment All other
Legacies & furthering the
Income income
Gifts Charity
2022 £41,113.00 £31,632.00 £2,179.00 £2,836.00
2023 £65,826.00 £30,791.00 £2,528.00 £7,143.00
2024 £45,649.00 £40,141.00 £3,326.00 £78,376.00
2022 2023 2024
**----- End of picture text -----**
Taking this one-off event into account, income decreased more than £10,000 compared with 2023. It was noted last year that the income also saw some one-off increases owing to generous donations towards the plastering work and 2024 is therefore more comparable to 2022 where we see small increases across each category. Donations, Legacies & Gifts. Regular giving from the congregation has reduced a little compared with 2023, this was somewhat offset by small increase in loose collections and sundry donations. As noted above we received several donations in 2023, so this is where we see the biggest change in donations and gifts. Activities furthering the charity includes fees for services, such as weddings, and income from hall bookings and rent for our properties. As we were unable to carry out weddings during the plastering work in 2023, it is no surprise that we saw an increase in fees last year. Although we lost rental income from the Parkfield property from the time that the property was on the market this income increased overall in 2024. Investment income remained similar to 2023, our investments were much reduced to fund the plastering work, we hope to invest the income from the property sale wisely and expect to see this increase in future as the rental from the property was previously designated specifically to the Parish Share and funded an increase we committed to in the past. We were able to increase grant funding for specific projects again since 2024, the efforts of all involved in this activity is greatly appreciated; it is an area where we have greatly benefitted from Charlotte’s experience in her curacy placement. **Outgoing Resources** Total expenditure from both unrestricted and restricted funds was £110,436. Outgoing resources decreased by around £60,000. In 2023, we completed the plastering and redecoration of the church nave (which totalled £56,800), work that was started a few years ago when the chancel was finished, this was the main reason for the increased expenditure last year where we drew on restricted income and our reserves to complete the work. Without such a significant project in 2024 the costs were expected to reduce. We need to examine the underlying changes in costs. Annual Report & Accounts 2024 Our biggest single expenditure, as in most years, is the Parish Share, which is our contribution to clergy stipend and housing, which was £53,710 in 2024. Most other costs were similar to 2023. A significant cost at the church hall was a new floor in the main hall. Utility costs remain high at The Pit Stop (formerly known as Keresley Village Community Church) – we are approaching the end of an expensive contract, and we expect to see these costs reduce in 2025. **----- Start of picture text -----**
Outgoing Resources
£160,000.00
£140,000.00
£120,000.00
£100,000.00
£80,000.00
£60,000.00
£40,000.00
£20,000.00
£-
Activities Managing/Ad
Charitable
furthering the Support Costs ministering
donations
Charity the Charity
2022 £132.00 £81,491.00 £7,665.00 £500.00
2023 £- £150,132.00 £9,724.00 £500.00
2024 £- £99,119.00 £10,918.00 £400.00
2022 2023 2024
**----- End of picture text -----**
Our support costs increased in 2024; the PCC has a policy of increasing salary for our church administrator in line with the Real Living Wage announcements so this cost will rise year on year. The contribution our administrator makes to our church life, is greatly appreciated by all, especially by me and the vicar in the work around finances and bookkeeping. The church encourages charitable giving from the congregation and actively raises funds throughout the year for specific causes. The PCC has taken the decision to enable individuals to decide which other causes to support rather than the PCC giving out of its income. Funds raised over the year pass through our account but are not recorded as income and expenditure in our year end accounts - in 2024 funds were raised for Toilet Twinning, Emmaus, Foodbank and the Syrian Earthquake Appeal. On occasion, the PCC has donated some of its income to specific charity appeals which do then feature in the accounts. The gain realised in the property sale masks the situation that we continue to live beyond our means – expenditure exceeds income. This has been the case for many years and our reserves and assets continue to keep us afloat. We need to use our incoming resources responsibly and Charlotte has been instrumental in helping the PCC in setting budgets for church activities, we have seen in 2024 that this has been fairly successful in keeping our costs manageable and we expect to learn from this in 2025. We ask church members responsible for the costs of activities to respond positively to this initiative. At 31 December 2024, there were £114,178 of restricted funds; a breakdown of restricted funds is provided in note 17. The Pit Stop building, ownership of which is shared with the Methodist Church, is listed as restricted as the building must remain a place for church activities by agreement with the Methodist Church. The church has £489,478 of unrestricted funds. £305,000 of these unrestricted funds are held as a tangible fixed asset (the church hall) and not immediately available for use. The Parkfield Road property was sold for £184,664 during 2024. At this time, we are determining the best way to invest the proceeds of the sale as we need to replace the income that was generated by the property. In accordance with Charity Commission guidance and having raised income in excess of £100,000 during 2023 we have been registered as a charity. This year will see us register our first set of accounts directly to the Charity Commission. ## _RESERVES POLICY_ The main church building is a Grade II listed building as it is an early and well-conceived design by the noted church architect Benjamin Ferrey; maintenance and repairs to the building are often expensive as modern methods and materials are not permitted. Mindful of this it is the policy of the PCC to maintain a balance of 12 unrestricted funds (as far as possible) to cover future major maintenance work as identified by the PCC and, more formally, in Quinquennial surveys. The PCC has previously used restricted and unrestricted reserves for improvements to the church. The PCC was able to recover the VAT from the redecoration of the nave owing to the church being a listed building. The PCC aims to maintain free reserves equivalent to three month’s expenditure to allow for the meeting of emergencies or a significant fall in attendance impacting on available resources. Free reserves at 31 December 2024 were £182,478 resulting from the liquidation of a previously fixed asset. The PCC is aware that further investment in the church hall will be required over coming years, a new floor was installed in 2024 in the main hall but other areas also need a new floor, and both the clock and bells in church need attention. Additional fundraising will be required before these can be planned. ## RISK MANAGEMENT The PCC recognises the need to manage risk on behalf of the church members and accepts this responsibility. As with many charitable organisations, the majority of the PCC’s income is the result of voluntary giving and is therefore subject to fluctuation caused by levels of church membership and other more general economic factors. The PCC maintains an investment of reserves that was created some years ago, which is exposed to market forces but overall the church’s exposure to financial risks are not of a significant nature. The PCC is responsible for maintaining the properties and grounds owned by the church to ensure users are safe. The churchyard is maintained by the council, so the PCC is not responsible for pathways. The management company for the Parkfield Road property is responsible for carrying out repairs and maintenance as required to keep the residents safe. The health, safety and protection of children, young people and vulnerable adults are of paramount importance. In line with Diocesan guidelines all members of the PCC and all volunteers running groups involving young people or visiting vulnerable adults are required to attend safeguarding training by the Church of England and complete DBS checks. Safeguarding procedures are overseen by the PCC’s safeguarding representative. ## BRIBERY ACT The Ministry of Justice “Quick start guide” is clear that because the church’s affairs are entirely UK based with very little risk of bribery being committed, we feel no need for any procedures to prevent bribery. Our present procedure is to have three quotes for all work where possible and we aim to have at least two in every case; as in much of society, we have noticed that getting quotes for work are more difficult since the worst periods of the pandemic. On occasion, where efforts have been made to secure more quotes without success, the PCC will accept a single quote from contractors we have used in the past that we consider to be reliable and where there is sufficient understanding to be able to ascertain that the price is reasonable. The decision on which quote to accept will be taken by the PCC, unless a decision within certain guidelines, stipulated by the PCC, is delegated to the Standing Committee to expedite work. ## VOLUNTEERS The PCC recognises the contribution that volunteers make to organising activities, generating funds and providing services that would otherwise have to be cancelled or paid for. The PCC does not determine a financial value on the services it receives free of charge and as such no amount is recognised in these financial statements. Nevertheless, the PCC is grateful to all those who are involved in supporting the ministry of St Thomas in acts both immediately apparent and less visible. So, thank you to everyone involved in cleaning the church, arranging flowers, bell ringing, providing refreshments, maintaining the church and grounds, supporting youthwork, planning and organising social and fundraising events and ensuring the services run smoothly. Special mention needs to be made of those individuals who counsel the bereaved, visit the sick or housebound and those in care homes; their pastoral work goes unnoticed by most but is greatly appreciated. _Gordon Wilson, Treasurer_ Annual Report & Accounts 2024 ## **Independent Examiners’ Report to the Members of the Parochial Church Council of the Parish of St Thomas Keresley** I report to the members of the Parochial Church Council on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 16 to 22. ## RESPONSIBILITIES AND BASIS OF REPORT As the charity’s trustees, the members of the PCC, 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 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 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. 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. ## **Canon Gavin Kibble MBE** 1 Kineton Road Coventry Date: 20 May 2025 14 ## **Accounting Policies** ## **Basis of Accounting** The charity constitutes a public benefit entity as defined by FRS 102.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 (SORP 2019 (FRS102)). The financial statements have been prepared on a going concern basis under the historical cost convention except for 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. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. ## **Incoming resources** Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is 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 reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross. ## **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 expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Fixed assets** The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **Fund accounting** _Endowment funds_ are funds, the capital of which must be retained either permanently or at the PCC's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. _Restricted funds_ comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. _Unrestricted funds_ are income funds which are to be spent on the PCC's general purposes. _Designated funds_ are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the PCC's own use abated in line with assets' annual depreciation charges in the SOFA. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) 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 inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. No depreciation is charged on buildings as these are maintained in a condition appropriate to their use. Equipment used within the church premises is depreciated on a straight-line basis over three years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. Investments are valued at market value at 31 December. ## **Going Concern** The financial statements have been prepared on a going concern basis as the PCC believe that no material uncertainties exist. The PCC have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Annual Report & Accounts 2024 ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **For the year ended 31 December 2024** |||Unrestricted|Restricted|Endowment|TOTAL|FUNDS|FUNDS| |---|---|---|---|---|---|---|---| ||Note|Fund|Fund|Fund|2024||2023| ||**Incoming Resources**|£|£|£|||£| ||||||||| ||Donations, Legacies and Gifts
2|45,649|-|-|45,649||65,826| ||Grants Received
3|-|7,400|-|7,400||4,310| ||Charitable Activities
4|40,141|-|-|40,141||30,791| ||Investment Income
5|3,326|-|-|3,326||2,528| ||Other Income
6|70,976|-|-|70,976||2,833| ||||||||| ||Total incomingresources|**160,092**|**7,400**|**0**|**167,492**||**106,288**| ||||||||| ||**Expenditure**||||||| ||Charitable Activities
7|95,622|3,497|-|99,119||150,132| ||Support Costs
8|10,918|-|-|10,918||9,724| ||Managing/ Administering the
Charity
9|400|-|-|400||500| ||**Totalpayments**|**106,939**|**3,497**|**-**|**110,436**||**160,356**| ||||||||| ||**Excess of income over**
**expenditure**|53,153|3,903|-|57,056||(54,068)| ||||||||| ||Transfers between funds
-|-|-|-|-||-| ||||||||| ||Gains/Losses on investment
assets
13|258|179|459|896||2127| ||||||||| ||**Net movements in funds**|**53,411**|**4,082**|**459**|**57,952**||**(51,941)**| ||||||||| ||Opening balance funds as at
1stJanuary
17|436,067|110,096|20,051|566,214||618,155| ||||||||| ||Closing balance funds as at
31stDecember
17|**489,478**|**114,178**|**20,510**|**624,166**||**566,214**| The notes on pages 18 to 22 form part of these financial statements. 16 ## **BALANCE SHEET** ## **31 December 2024** |**BALANCE SHEET**
**31 December 2024**|**BALANCE SHEET**
**31 December 2024**| |---|---| |Notes
2024
2023
£
£
**FIXED ASSETS**
Tangible assets
12
Office Equipment
2,000
-
Church Hall and Land
305,000
305,000
32 Parkfield Road
-
110,000
7-8 Rathbone Close(50% share)
92,500
92,500
**399,500**
**507.500**
Investments
13
CBF Investment ref 2097
10,336
10,105
CBF Investment ref 2158
10,174
9,946
L&G Capital Units
5,502
5,065
**26,012**
**25,116**
**TOTAL FIXED ASSETS AND INVESTMENTS**
**425,512**
**532,616**
**CURRENT ASSETS**
Cash at bank and in hand
16
195,442
33,774
CBF Deposit
618
587
Debtors
14
3,825
1,642
**TOTAL CURRENT ASSETS**
**199,885**
**36,003**
CREDITORS
Amounts falling due within one
year
15
1,231
2,405
**NET CURRENT ASSETS**
**198,654**
**36,003**
**NET ASSETS**
**624,166**
**566,214**
**INCOME FUNDS**
15
Unrestricted funds
489,478
436,067
Endowment funds
114,178
110,096
Restricted funds
20,510
20,051
**TOTAL FUNDS**
**624,166**
**566,214**
Approved by the Parochial Church Council on 28 April 2025 and signed on its behalf by:|| |Chairman|Hon Treasurer| The notes on pages 18 to 22 form part of these financial statements. Annual Report & Accounts 2024 ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024** |**For theyear ended 31 December 2024**||| |---|---|---| |Note|Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total funds
2024|Total funds
2023| ||£
£
£
£|£| |**2.**
**Donations, Legacies and Gifts**||| |Net Covenants and Gift Aid|22,424
-
-
22,424|
25,378| |Income Tax Recovered|9,247
-
-
9,247|
10,413| |Other Planned Giving (No GA
recoverable)|4,418
-
-
4,418|
3,527| |Loose Collections|1,490
-
-
1,490|
1,011| |Sundry Donations|4,266
-
-
4,266|
1,215| |Legacyand Fund Raising|3,804
-
-
3,804|
24,282| ||**45,649**
**-**
**-**
**45,649**|
**65,826**| |**3.**
**Charitable activiies**||| |Hall and other Lettings|30,551
-
-
30,551|
24,831| |Fees due to the PCC|9,590
-
-
9,590|
6,410| ||**40,141**
**-**
**-**
**40,141**|
**31,241**| |**4.**
**Grants Received**||| |Grants|-
-
-
-|1,350| |Government & Local Authority
Grants|-
7,400
-
7,400|
2,960| ||**-**
**7,400**
**-**
**7,400**|
**4,310**| |**5.**
**Investment Income**||| |Dividends Received|727
-
-
727|1926| |Bank/Buildingsocietyinterest|2,599
-
-
2,599|
602| ||**3,326**
**-**
**-**
**3,326**|
**2,528**| |**6.**
**All Other Income**||| |Other income|300
-
-
300|
2,833| |Gain on Disposal of Fixed Assets|70,676
-
-
70,676|| ||**70,976**
**-**
**-**
**70,976**|**2,833**| |**7.**
**Expenditure on Charitable Activities**||| |
Parish Share & Deanery
Contribution|53,710
-
-
53,710|
51,953| |Clergy Expenses|788
-
-
788|
713| |Church Building Running Costs|10,486
36
-
10,522|
12,032| |Church Building Maintenance|1,008
-
-
1,008|
59,146| |Ministry and Mission|1,479
536
-
2,015|
2,919| |Church Hall Running Costs|5,785
-
-
5,785|
6,232| |Church Hall Maintenance Costs|8,239
-
-
8,239|
2,517| |Other PCC Property Costs|1,106
-
-
1,106|
2,089| |Other Costs|2,689
-
-
2,689|
2,119| |Depreciation|1,000
-
**-**
1,000|-| |Pit Stop Running Costs|6,917
727
7,644
2,414
2,198
4,612|6,342
4,070| |Pit StopMaintenance Costs||| ||**95,622**
**3,497**
**99,119**|
**150,132**| |**8.**
**Support Costs**|7,544
**-**
**-**
7,544
444
**-**
**-**
444
2,611
**-**
**-**
2,611
319
319|| |Administrator’s Salary||6,902| |Administrator’s expenses||444| |Office Expenses||2,059| |Bank charges||319| ||**10,918**
**-**
**-**
**10,918**|**9,724**| ||400
-
-
400|| |**9.**
**Managing-Administering the Charity**||| |
Independent Examination||500| 18 ## **NOTES TO THE FINANCIAL STATEMENTS cont** |||2024|2023| |---|---|---|---| |||£|£| |**10**|
**Staff Costs and Trustee Remuneration**||| ||Salary|7,544|6,902| |The|church employed 1 person (2023 : 1 )||| No PCC member were paid or received any other benefits from employment with the Charity in the year neither were they reimbursed expenses during the year (2023: nil). No PCC member received payment for professional or other services supplied to the charity during the year (2023 : nil) ## **11. Related Party Transactions** There were no related party transactions during the year (2023: nil) |**12**
**Tangible Fixed Assets**|Freehold,
Land and
Buildings
Office
Equipment
Total| |---|---| ||£
£
£| |**Cost**|| |As at 1st January 2024|507,500
1,854
509,354| |Additions|-
3,000
3,000| |Disposals|(110,000)
(1,854)
(111,854)| |As at 31st December 2024|397,500
3,000
400,500| ||| |**Depreciation**|| |As at 1st January 2024|1,854
1,854| |Charge for the year|1,000
1,000| |Disposals|(1,854)
(1,854)| |As at 31st December 2024|-
1,000
1,000| ||| |**Net Book Value**|| |As at 1st January2024|507,500
-
507,500| |As at 31st December 2024|397,500
2,000
399,500| The property of the Parish was revalued at 31 December 2013 by the Treasurer on behalf of the Parochial Church Council. The last formal valuation was performed by Cartwright Marston Chartered Surveyors on 29 January 2004. All properties have been valued on an “open market” or “valuation in current use” basis. The original cost of the Church Hall and Land is unknown. During 2018 a 50% share in the property 7-8 Rathbone Close, the premises from which Keresley Village Community Church (KVCC) operates, was gifted to the PCC Of St Thomas's Keresley. During the year the church disposed of 32 Parkfield Road for £184,664. After agents and other fees of £3,488 the gain on disposal was £70,376 Annual Report & Accounts 2024 ## **NOTES TO THE FINANCIAL STATEMENTS cont** |**NOTES TO THE FINANCIAL STATEMENTS cont**|**NOTES TO THE FINANCIAL STATEMENTS cont**|**NOTES TO THE FINANCIAL STATEMENTS cont**|**NOTES TO THE FINANCIAL STATEMENTS cont**|**NOTES TO THE FINANCIAL STATEMENTS cont**| |---|---|---|---|---| |2024
2023||||| |**13**
**Investments**
Units
£
Units
£||||| |**Endowment Investments**||||| |Coventry Diocesan Board of Finance : 111002097S||||| |Investment value at 1st January
447
10,104
447
9,270||||| |Dividends received
351
277||||| |Increase/(decrease) in value during the year
232
834||||| |Transfer to Fabric Account
(351)
(277)||||| |Investment value at 31st December
447
10,336
447
10,104||||| |||||| |Coventry Diocesan Board of Finance : 111002158S||||| |Investment value at 1st January||||440
9,946
440
9,125| |Dividends received||||275
272| |Increase/(decrease) in value during the|year|||228
821| |Transfer to BuildingAccount||||(275)
(272)| |Investment value at 31st December||||440
10,174
440
9,946| |||||| |**Total Endowment Investments**||||20,510
20,050| |**Restricted/Unrestricted Investments**||||| |Barclays UK Alpha Fund||||| |Investment value at 1st January||||1,316
5,065
19,054
68,594| |Dividends received||||101
1,377| |Sale of Shares||||-
(17,738)
(64,000)| |Increase/(decrease) in value during the|year|||437
471| |Transfer to Project Account||||(101)
(1,377)| |Investment value at 31st December||||1,316
5,502
1,316
5,065| |||||| |**Total Investments**||||26,012
25,115| |||||2024
2023
£
£
680
640
3,145
1,002
**3,825**
**1,642**
2024
2023
£
£
131
1,904
1,100
500
**1,231**
**2,405**
2024
2023
£
£
14,718
25,359
172,518
976
7,513
7,029
643
360
**50**
50
**195,442**
**33,774**| |**14**
**Debtors**||||2024
2023| |Amounts falling due within one year||||£
£| |Trade Debtors||||680
640| |Accrued Income||||3,145
1,002| |||||**3,825**
**1,642**| |||||| |**15**
**Creditors**||||2024
2023| |Amounts falling due within one year||||£
£| |Trade Creditors||||131
1,904| |Accruals||||1,100
500| |||||**1,231**
**2,405**| |||||| |**16**
**Cash at Bank and in Hand**||||2024
2023| |||||£
£| |Current Account||||14,718
25,359| |Project Account - HIBA||||172,518
976| |Fabric Maintenance Account - HIBA||||7,513
7,029| |Building Fund Account - HIBA||||643
360| |Cash in Hand||||**50**
50| |||||**195,442**
**33,774**| 20 ## **NOTES TO THE FINANCIAL STATEMENTS cont** |**17**
**Movement on Funds**|Balance
at
01/01/24
Income in
Year
Expenditure
in Year
Transfers in
Year
Unrealised
gains on
Investments|Balance
at
01/01/24
Income in
Year
Expenditure
in Year
Transfers in
Year
Unrealised
gains on
Investments|Balance
at
01/01/24
Income in
Year
Expenditure
in Year
Transfers in
Year
Unrealised
gains on
Investments|Balance at
31/12/24| |---|---|---|---|---| ||£
£
£
£
£|||£| |**Endowment Funds**||||| |Church Fabric Mainten’ce Fund
Graveyard Mainten’ce Fund|10,105
-
-
-
231|||
10,336| ||9,946
-
-
-
228|||
10,174| ||20,051
-
-
-
459|||
20,510| |**Restricted Funds**||||| |Church Fabric Mainten’ce Fund|
5,306
-
-
-
179|||
5,485| |Children’s Work Fund|1,687
-
-
-
-|||1,687| |Evangelism monies in memory
of P Hudson|9,472
-
(396)
-
-|||9,076| |The Pit Stop_(formerly Keresley_
_Village Community Church)_|92,500
-
-
-
-|||92,500| |Small grants|1,131
-
(367)
-
-|||764| |The Pit StopCapital Projects|7,400
(2,734)
-|||4,666| |**Total Restricted Funds**|110,096
7,400
(3497)
-
179|||114,178| |||||| |**Unrestricted Funds**||||| |||||| |**Total Funds**||~~lid~~||| |||Transf
~~Unrease~~
Gains on
Investment||| ||Balance as at|||| |**Movement of Funds**|01/01/2023|Income
Expenditure
ers
Assets|31/12/2023|| ||£
£
£
£
£||£
10,105
9,946
**20,051**
5,306
1,687
9,472
92,500
-
1,131
**110,096**
436,067
**566,214**|| |**Endowment Funds**||||| |Church Fabric Mainten’ce Fund|9,270
-
-
-
835|||| |Graveyard Mainten’ce. Fund|9,125
-
-
-
821|||| |||||| ||**18,395**
**-**
**-**
**-**
**1,656**|||| |||||| |**Restricted Funds**||||| |Church Fabric Mainten’ce. Fund|28,400
-
(23,289)
-
195|||| |Children's Work Fund|1,687
-
-
-
-|||| |Evangelism Fund (Memory P Hudson)|10,000
-
(528)
-
-|||| |
The Pit Stop (was Keresley Village
Community Church)|92,500
-
-
-
-|||| |WCC Grants|2,500
(2,500)
-
-|||| |Smallgrants < £1000|1,765
(634)
-
-|||| ||**132,587**
**4,265**
**(26,951)**
**-**
**195**|||| |||||| |**Unrestricted Funds**|467,173
102,023
(133,405)
-
276|||| |||||| |**Total Funds**|**618,155**
**106,288**
**160,356**
**2,127**|||| ## **Description of Restricted Funds** ## **Children’s Work Fund** Monies received into this fund are to be used towards working with children **Church Fabric Maintenance Fund** The fund represents a memorial gift for the upkeep of the fabric of the church. **Evangelism monies in memory of P Hudson** Monies received in memoriam of Mr Peter Hudson to be used expressly for Evangelism and ministry work **The Pit Stop (formerly known as Keresley Village Community Church)** Value of the 50% share in 7-8 Rathbone Close the property from which the Pit Stop operates and to be used for this purpose. Annual Report & Accounts 2024 ## **WCC grants** Two grants towards the Pitstop boiler replacement and feeding activities and utilities both of which have been fully expended **Sundry smaller grants <£1,000** Includes the Bedworth Lions grant of £750 towards the Pitstop and its sewing Bee and a grant of £250 towards a new church hall defibrillator which was fully expended in the year ## **The Pit Stop Capital Projects :** Small grants toward the cost of lighting, windows, security, warm hub and a table tennis table ## **Description of Endowment Funds** ## **Church Fabric Fund** This fund comprises 447 CBF Investment fund shares. This fund is for the upkeep of the fabric of the church. ## **Graveyard Maintenance Fund** This fund comprises 440 CBF Investment fund shares in the Faulconbridge Trust. This fund is for keeping the graveyard in good order and repair with the request that the graves of E G and H Faulconbridge be kept in good order. |||||Unrestricted
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
Funds
2024
Total
Funds
2023
£
£
£
£
£
307,000
92,500
-
399,500
507,500
3,244
2,258
20,510
26,012
25,116
179,234
19,420
-
198,654
33,598
**489,478**
**114,178**
**20,510**
**624,166**
**566,214**| |---|---|---|---|---| |**18**|**Analysis of Net Assets between**
**Funds**
Tangible Fixed Assets
Investments|||| |||||| |||||| |||||| ||Net Current Assets|||179,234
19,420
-
198,654
33,598| |||||| |||||| |**19**|**Statement of Financial Activities (Prior Year)**|||| ||For the year ended 31st December 2023|||| |||||Unrestricted
Funds
Restricted
Funds
Endowment
Funds
TOTAL FUNDS
2023
2022| ||**Incoming Resources**|||£
£
£
£
£| ||Donations, Legacies & Gifts|||65,826
-
-
65,826
41,113| ||Activities furthering the Charity|||30,791
-
-
30,791
31,632| ||Investment Income|||2,528
-
-
2,528
2,179| ||All Other Income ( Grants Payable )|||2,878
4,265
-
7,143
2,836| |||||| ||Total incoming resources|||102,023
4,265
-
106,288
77,760| |||||| |||||| |||||| ||**Resources Used**|||| ||Charitable donations|||-
-
-
-
132| ||Activities furthering the Charity|||123,181
26,951
-
150,132
81,491| ||Support Costs|||9,724
-
-
9,724
7,665| ||Managing-Administeringthe Charity|||500
-
-
500
500| ||Total resources used|||133,405
26,951
-
160,356
89,788| |||||| ||Net outgoing resources|||(31,382)
(22,686)
-
(54,068)
(12,028)| |||||| ||Gains & losses:|||| ||Gains/Losses on investment assets|||276
195
1,656
2,127
(8,606)| |||||| ||Net movements in funds|||(31,106)
(22,491)
1,656
(51,941)
(20,634)| |||||| ||Opening balance funds as at 1st January|||467,173
132,587
18,395
618,155
638,789| |||||| ||Closing balance funds as at 31st
December|||436,067
110,096
20,051
566,214
618,155| 22