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2024-12-31-accounts

Annual Report 2024

Name of Charity: The Association of Friends of Burford Church of St John the Baptist Registration Number: 280233 Address: Warwick Hall, Church Green, Burford, OX18 4RY

Trustees: Gordon Elliot, Robert Forster, Ivan Hall, Dr Susan Hodgshon, Ian Johnson, Margaret Price, Stephen Price, Rev Tom Putt, Rev Cedric Reavley.

Structure & Management

The Association is managed by a committee who are also the trustees. The trustees are elected by the membership at the Annual General Meeting.

Objectives

The objectives of the Association are to undertake improvements which do not come within the normal scope of funds for the maintenance of the fabric of the church of St John the Baptist, Burford, and to help with grants towards other essential works in the church and churchyard.

Activities during 2024

During 2024 the Association continued work on a project to develop and install a touch screen in the south transept of the church. Unfortunately, due to factors beyond the Association’s control, the project was unable to be completed by the target date of December 2024 and it overran into 2025.

Additionally, the Association paid for repairs to the pedal board of the church’s pipe organ.

Achievements

St John the Baptist Church is visited by about 80,000 people each year and the ⎻ ⎻ addition of the touch screen once it has been installed will enhance their experience by providing information about the south transept.

The repairs to the pipe organ will enable the organ to continue to be used for services and concerts.

Finance

The Association is in robust financial health with total unrestricted funds available of £173,134, in large part due to a legacy received during 2024 from the executors of the late Mr J A Deyes.

Friends of Burford Church Accounts for the Year Ended 31 December 2024

Statement of fnancial activity

Statement of fnancial activity
Unrestricted funds
Note 12 months
ended
31/12/24		 15 months
ended
31/12/23
£ £
Income from:
Donations and legacies
1
134,307		 680
Charitable activities
2
4,678		 4,388
Investments
3
3,051		 1,253
Total incoming resources 142,036 6,321
Expenditure on:
Charitable activities
4,5
(9,863)		 (3,415)
Total expenditure (9,863) (3,415)
Net income before gains on investment
assets		 132,173 2,906
Net gains on investment assets - -
Net movement in funds 132,173 2,906
Reconciliation of funds:
Total funds brought forward 40,961 38,055
Total funds carried forward 173,134 40,961
The statement of fnancial activities includes all gains and losses recognised in the year
All income and expenditure derives from continuing activities

Page 1

Friends of Burford Church Accounts for the Year Ended 31 December 2024

Page 2

Friends of Burford Church Accounts for the Year Ended 31 December 2024

Statement of fnancial position
Note As at
31/12/24		 As at
31/12/23
£ £
Fixed Assets - -
Current assets:
Debtors - -
Cash
6,7
173,134		 40,961
Liabilities:
Creditors falling due within one year - -
Net current assets 173,134 40,961
Net assets 173,134 40,961
The funds of the charity:
Unrestricted income funds 173,134 40,961
The fnancial statements were approved by the Board of Trustees and signed on its behalf by:
Stephen Price Ian Johnson
Secretary Treasurer
On February 2025

Page 3

Friends of Burford Church Accounts for the Year Ended 31 December 2024

Accounting Policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

The Charity meets the definition of a public benefit entity under FRS102. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income Recognition

All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. Grants and donations are only included when the general income recognition criteria are met.

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources. All expenditure is accounted for on an accruals basis. All resources expended are inclusive of irrecoverable VAT.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at

Page 4

Friends of Burford Church Accounts for the Year Ended 31 December 2024

their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity’s work or for specific projects being undertaken by the Charity.

Investments

Fund and deposit investments are quoted on the basis of their market value at the year end.

Fixed Assets

Tangible fixed assets for use by charity.

These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost and depreciated over a period of 4 years.

Debtors and Creditors

Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Short term deposits

This is cash held in bank or CCLA deposit or investment fund accounts where access is within 31 days.

Page 5

Friends of Burford Church Accounts for the Year Ended 31 December 2024

Notes to the accounts

Statement of financial activity
1Income from donations and legacies:
Subscriptions
Donations
Legacies
Total
2Income from charitable activities:
Sales of guides, cards and leaflets
Member events
Total
3Investment income
4Analysis of expenditure on charitable activities:
Gifts to the parish church of St John The Baptist, Burford (see below)
Other donations
Printing
Sign writing
Member events
Total
5Gifts to the parish church included:
Bible
Screen and wifi router
Silver plate
Works to repair organ pedal
Total
Statement of financial position
6Analysis of cash balances:
TSB Current account
CCLA deposit account
Total
7 Opening CCLA Balance
Deposits
Interest
Withdrawals
Closing CCLA Balance		 12 months
ended
31/12/24
15 months
ended
31/12/23
£
£
100.00
270.00
1,860.00
410.00
132,346.88
-
134,306.88
680.00
4,438.36
4,387.52
240.00
-
4,678.36
4,387.52
3,050.77
1,253.14
9,616.94
499.55
35.00
45.00
-
2,132.23
-
472.80
211.20
265.20
9,863.14
3,414.78
-
499.55
2,517.60
-
199.34
-
6,900.00
-
9,616.94
499.55
As at
31/12/24
As at
31/12/23
£
£
6,524.79
7,402.69
166,608.77
33,558.00
173,133.56
40,960.69
33,558.00
32,304.86
130,000.00
-
3,050.77
1,253.14
-
-
166,608.77
33,558.00

Page 6

Friends of Burford Church Accounts for the Year Ended 31 December 2024

Page 7

Friends of Burford Church Treasurer’s Report to AGM

  2. The purpose of this report is to:

  3. i. Present and seek acceptance of the FOBC, financial statements for the year ended 31 December 2024.

  4. ii. Demonstrate how activities in the year have contributed towards the FOBC’s charitable objectives and the Charity Commission’s requirements.

2. Recommendations

Attached are the financial statements for the year ended 31 December 2024. Readers should note that the comparative is for a 15 month period ended 31 December 2023, following the decision to change the charity’s accounting reference date.

The FOBC is in robust financial health with total unrestricted funds available of £173,134.

The surplus for the year ended 31 December 2024 was £132,173, in large part due to a legacy received of over £132,000 from the executors of the estate of Mr JA Deyes, for which we thank God. There has also been a material Gift Aid donation in the year and with the move to annual subscriptions, the opportunity arises for a more regular Gift Aid recovery going forwards.

In addition to the above, during the year FOBC received:

The FOBC purchased a number of items for Burford Church which were gifted to the PCC:

An independent examination of the financial statements has been completed. No unresolved queries or changes resulted from this examination.

  1. Charity Commission (”CC”)

8

Friends of Burford Church Treasurer’s Report to AGM

As required by the CC, the FOBC committee can confirm that it has due regard to the CC’s guidance on public benefit bodies and that all commitments made in the year have contributed towards the FOBC’s stated charitable objectives. As stated in the FOBC constitution these are:

9

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Friend5 of Burford Church On accounts for the year ondod 31 December 2024 Charfty no (If any) 280233 Set out on pages I report to the truslees on my examination of the accounts of the above charity {'th& Trust") for the year ended 3111212024. Responsibllitieg and basls of rnport As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in ¢arying out my examination, I have followed all the appli¢able Dire¢tions given by the Charity Commission under section 145(5){b) of the Act. Independent I h8ve completed my examination. I confimi that no material matters have examlnerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material rèspe¢t-. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the fom and Content of accounts set out in Ihe Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the a￿OuntS to be reached. Sign8d: Dats: l31as Name: Andrew Lord Relevant professlonal qualificationls) or body (If any): Address: 4. Quarry Ground, Fifield. OX7 6HN IER Page 1 Oct 2018

Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glve here brlef details of any Items that the examinor wishes to dl8close. IER Page 2 Oct 2018

Friends of Burford Church Accounts for the Ye8r Ended 31 December 2024 StatemRnLoI.flThancAal a¢tlYlty Unrestricted funds 12 months ended 31112124 IS months ended 31112123 Note Income from.. Donations and legacies 134,307 680 Charitable activities 4,678 4.388 Investments 3,051 1.253 Total Incomlng resources 142.036 6,321 Expenditure on.. Charitable activities {9,8631 13,4151 Tolal expendlture (9,8631 13,4151 Nel Income before galns on Investmentassets 132,173 Net galns on investment assets Net movement In lunds 132.173 Reconciliation of funds: Total funds broughtforward Total funds caiiied fO￿ard 40.961 173,134 38,055 40,961 The staternent of tinanci31activiiieslncluOes all galns and losses recO￿lsed tn theyear All irlcome and expendlture dertvesfrom continuing actmties Page 3

Friends of 8urford Church Accounts forthe Year Ended 31 December 2024 Statemenl olflnan¢Jaluosltloo Asat 31112124 Asat 31112123 Note Fixed Assets Current assets: Debtors Cash 173,134 40,%1 Liabillties: Credltors falllng due within one year Net current asseis 173,134 40,961 Net assets 173.134 40,961 The funds of the chaflty: Unreslrleled Incomefunds 173,134 40,961 Theflnanclalsiarementswereapproved bythe Board otTrusiees and slgned on It5 behalfby-. Stephen Prlce Secreiary lanjohnson Treasurer 2 102( Page 4

Friends of Burford Church Accounts for the Year Ertded 31 December 2024 A¢¢ountlng Pollcies Statement ot ¢ompllan¢o The financial st8tements have been prepared in accordance with Accountingand Reporting by Ch8rities- Statement of Recommended Pr8Ctice 8ppIIc8ble to Charities prep8rlngtheir accounts in accord8nce with the Financi81 Reporting stand8rd applic8ble in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard 8pplicable in the UK and Republic ot Ireland (FRS 1021 and the Charities Act 2011. B8sls ot preparatlon The Charity meets the definition of a publlc benefit fjntity under FRS102. The financi81 statements have been prepared under the historical cost convention with iterns r8cognised 8t cost or transaction value unless otherwise stated in the Telev8nt notelsl to these financial statements. Going Concern The trustees consider that there are no material uncertainties about the charity's ability to Continue as a going concern. Income Recognitlon All income is recognised once the ch8rity has entitlement to the income, there is sufflcient cert8inty OT receipt 8nd so it is probable that the inoome will be received. and the amount of income receivable can be me8sured reliably. Leg8¢y gifts are recogni8ed on a c8se by case basis following the granting of probate when the 8dministratorlexecutorfor the estate has Communicated in writing both the amount and settlement date. Grants and donations ale only included when the general income recognition criteria are met. Gift Aid receivable is included in incom8 when there 18 8 valid declaration trom the donor. Any Gift Aid amount recovered on 8 don8tion is considered to be part of that gift and is treated as an addition to the Same fund as the initi81 don8tion unless the donor orthe term$ of the 8ppe81 have specified othe￿iSe. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expendlture. it is probable settlement 18 required and the amount can be measured reliably. Ali costs are allocated to the applicable expenditure headingthat aggregates similar c08ts to th8t Category. Where costs cannot be directly attributed to particular headings. they have been allocated on a basis consistent with the use ot resources. All expenditure is accounted for on an 8¢¢ruals basis. All resources expended are inclusive of irrecoverable VAT. Fund a¢countlng Unrestricted funds are av8118ble to spand on activities that further 8ny of the purposes of the Charity. Designated funds are unrestricted lunds of the Charity which the trustees have decided at their discretion to set 8$ide to use for a specifi¢ purpose. Restri¢ted fund5 are donations which the donor has specified are to be solely used for particular areas of the Charity's work or for spe¢ifi¢ projects being undertaken bythe Charity. Investments Fund 8nd depoglt investments are quoted on the basis of th&lr m8rket value at the year end. Flxed Avdets Tangible flxed assets for use by oharlty. These are capitalised if they can be used for more than on8 year. 8nd cost at least £1.000. They are valued at cost and depreciated over 8 period of 4 years. Page 5

Friends of Burford Church Accountsforthe Year Ended 31 Oe¢ember2024 Dobtors and Credltors Trade and other debtors are recognised at the settlement amounts due after any tr8(Je discount offered. Prepayments arevalued atthe amount prepaid aftert8klng8ccount of anytrade discounts due. Creditors and provisions 8re iecognised where the charity has a present obligation iesultingfrom a p8St event that will probably result in the tr8nsfer of funds to a third party and the amount due to settle the oblig8tlon can be measured or estimated reliably. Cfeditor8 and provisions are normally recognised at their settlement amount after allowing tor any tiade discounts due. Shortterm dep081ts This is cash held in bank or CCLA deposit or inve5trnent fund accounts where access is wthin 31 days. Page 6

Friend5 of Burford Church Account8fortheYearEnded 31 December 2024 Notes to the accounts 12 months ended 3111W24 15 months ended 31112123 Siatement of flnanclal actlvlty I Income from donation5 and legacie5.' Jbscriptions Donations Legacies Total I(K).cKI 1,860.00 IZ346.88 88 410.IXI 2 Incometrom charltsble activities: Sales of guides, cards and leaflets Nember events Total 4,43& 240.00 467& 4,387.52 4387.52 3 In￿stment income 3,(W.77 1253. 4 Analysls of expenditure on charitsble aclivities: Gifts to the parish church of S(John The Baptist. Burford Isee below) Othei donations Printing &gn writing Member events Total 9,616.94 2,132.23 472.80 265.20 3,41478 211.20 9,86114 5 Gifts to the parish church included: Bible Screen and wifi router &lver plate Works to repair organ pedal 2,517.Ks 1%.34 6,9XI.Q) Total 9,6￿9¢ Asat 3U12124 Asat 31112123 Statement of f Inanclalposltlon Analysis of cash balances: TSB (￿rrent account IXIA deposit account Total 6,524.79 166,608.77 IT4￿56 7.402.69 33,558.00 960. 7 Openlng CCLA Balance Deposits Interest Withdrawals Cioslng CCLA Balance 3%55&(X) ),[x￿.00 3,050.77 86 1.253.14 &77 34558. Page 7