Receipts and Payments Account for the year ended 31 December 2024
Unrestrthd Restricted Endowment
Fun(ts
Funds
Funds
2024
2024
2024
Total
2024
Total
2023
Recei
Donations.& plate collection
Proceeds froffl Fund Ralslng Events
Legacies
Bank & Deposit interest
Investment Income
Rental Proceeds of Shared Rectory
Fundraising Income
Sale of investments
Grants
Receipts from General Trustees
Other Receipts
Receipts from Parish Organisations
Collections for Third Parties
33,168
1.615
34,783
31.413
275
443
417
455
7.924
275
443
1,676
455
7,924
604
419
li
27
1,232
1,171
1,810
8,061
364
5,543
364
5,543
359
8,016
2,237
2,372
1,974
1.974
Total Recei
48.589
3,616
1,232
53,437
56,462
Pa
ments
Wascs and Salaries
Diocesan Costs / Assessment
Church Running Costs
Church Building Repair
Glebe Costs
Collection for Third Parties
Administration Costs
Fundraising Costs
Charitable Donations
Gifts
Payments from Parish Organisations
Investment expenditure
Purchase of Laptop
Total Pa ments
25.408
8.605
5,165
1.276
1,712
li
2.386
1,163
25,408
8,605
5,165
1,903
1,712
1,985
2,386
1.163
22.543
8,290
5,163
991
2,072
2,372
2,265
1,259
627
io
1,974
200
200
842
200
1,321
li
583
47.351
583
49,952
2.601
46.476
Excess of Receipts over Payments for
the year before transfers
L238
L015
L232
3.485
9.qA6
Transfer5
1.238
1.015
1,232
3,485
9,986
On Behalf of the Trustees
Trustee I
Trustee 2

Statement of Assets and Liabilities a5 at 31" December 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
2024
Total
2023
Cash Funds
Current Accounts
Deposit Accounts
Total Cash Funds
68394
10,600
78,994
50.403
118.797
10,600
129397
116,722
10,449
127,171
50.403
Investment A55ets
Equity Investments
Other Listed
Investments
Investments in RCB/
CIT Unit Trusts
Other unlisted
investments
17,254
18342
17.083
Investment Properties
Totsl Investment
1.088
17354
18.342
17.083
Assets retained for the
Parish'5 own use
Parish Centre
Glebe House
Fixtures and Fittings
Total Assets retained
for the Parish's own
108,000
583
108,583
108,000
583
108.583
108.000
108.000
use
On Behalf of the Trustees
Trustee I
Trustee 2

Notes to the financial Statements for the year ended 31 December 2024
l. Accounting policies
Set out below a￿ the principal accounting policies which have been adopted in the compilation of the Receipts
and Payments Account and the Statement of Assets and Liabilities
(a) Receipts and Payments Account
All items of income and expenditure induded within the Re￿ipts and Payments Account have been
accounted for on 3 cash receipts basis.
{b) Statement of Assets and Liabilities
{1} Assets retainedfor the Parish's own use
The assets of the Parish. retained for its own use comprise:_
Church Buildlng and Graveyard
Parish Hall
Fixtures and fittings
45% Share of New Rertory
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP
{FRS1021
These Heritage assets are not included in the statement of assets and liabilities as infomiation on the c05t
or valuatiori 15 not available and such infonyjation cannot be obtained at a c05t commensurate with the
benefit to the users of the accounts and to the parish.
The Parish Hall was built in 1894. The￿ are no reliable records of the c05t of thi5 construction and valuation
approach for such a building lacks sufficient reliability- As a result this building is not recognised in the Parish
statement of assets and liabilitie
Fixtures and Fittings are deemed to be Heritage assets as defined by the Charities SORP {FRS1021. These
fixtures and fittings are artefacts contained wtthin the Church Building and their preservation and
contribution to culture are ancillary to faith and other purposes. Heritage assets are not induded in the
statement of assets and liabilities as information on the cost or valuation is not available and such
information cannot be obtained at a cost commensurate with the benefrt to the users of the accounts and
to the parish.
The three Parishes have purchased a property betsveen them to be used as the new Rertory. Scarva Parish
maintain 45% control over this property. Their 45% share of the new rectory building is valued at £108,000.
il) Investments
Fixed asset investments comprising investment properties. investments in equities (ordinary share51
and investment in RCBICIT Unit Trusts are Initially recorded at cost and are then subsequently ststed
at fair value at each year end date. The revaluation surplus or shortfall is then included alongside other
incoming or outgoing resources. Investments in unquoted investments a￿ recorded at cost and are
assessed annually for impainnent.
10

Notes to the financial 5tatefflents for the year ended 31 December 2024 (continued)
Reconclliation of Cash Funds
Total Cash Funds at Beginning
of the year
Receipts for the Year
Payments for the Year
Total Cash Funds at end of the
year
144,254
53,437
49.952
147,739
Movement In Funds
Atljan
2024
Incoming
Resources
Outgoing
Resour
At 31 Dec
2024
Transfers
Endowment fvnd5
Investment in RCB General Unit
Trust
Mrs E Reilly
Composition Balance from Rev
W. Armstrong
Mrs E Liggett Donation
Mrs A E Drury & Mrs E Reilly
Benefaction
Rev. W Amstrong Donation
Investment in CIT Unit Trust
Mrs Constance Taggart Bequest
Albert Freeburne Bequest
Rev Canon P Kelly Bequest
C Moffett Bequest
Mrs Constance Tag8art Bequest
213
216
2,595
159
42
2,637
162
852
70
14
866
71
6.515
1.530
221
3.218
649
16,022
628
147
7,143
1,677
242
3,528
712
17,254
21
310
63
1.232
Restricted funds
Building Fund
RCB Glebe Deposit Fund
Collection For Third Parties
RC8 Youth Fellowship
Friendly Club
Gifts
48.106
L615
-627
49,094
1,974
-1,974
1,309
1,309
Investment in RCO General Unit
Trust
Church Insurance Bonus
Church Officers Composition
Bonus
Glebe Profit Sale
Parochial Funds
Transfer from General
Sustentation Fund
Investment in aT Unit Trust
Raised By Parishioners
li
li
470
478
379
385
91
93
iio
li
3.616
121
Sl.491
50,476
-2,601

Notes to the finoncial ststements for the
year ended 31 December 2024
(continued)
Unrestricted funds
General Fund
Fixed Term Deposits
67.307
10,449
48.438
151
47,351
68,394
10,600
RCB General Unlt Trust
77.756
48,589
47,351
78.994
Total fund5
144.254
53,437
49,952
147.739
Pur
0se5 of Endowment Funds
Investment in RCB General Unit Trust cornprrses ten individual trust funds. There are five funds which are
solely to do with endowments. They are as follows:
Mrs E Reilly- Income from this fund is to assist with Augmentation
Composition 8alance from Rev W. Am15trong- Income from this fund is to assist with the Stipend
Mrs E Liggett Donation- Income from this fund is to asslstwith the Stipend and the Condition ofthe Grave.
Mrs A E Drury & Mrs E Reilly Benefartion-lncome from this fund is to aSSi5t with the upkeep ofthe Church,
Rev. W Armstrong Donation- Income from this fund is to assist with the Stipend.
Investment in CIT Unit Trust compri5e5 six individual trust funds. There are five funds which are solely to do
with endowments. They are as follows:
Mr5 Constance Taggart Bequest- Income from this fund is to assist with the Stipend.
Albert Freeburne Bequest- Income from this fund is for general Church purposes.
Rev Canon P A Kelly Bequest- Income from this fund is forsunday School prizes.
C Moffett Beque5t- Income from this fund is for general Church purposes.
Mrs Constance Taggart Bequest- Income form this fund is for Grave and general Church purposes.
Pur
05e5 of Restricted Funds
Investment in RCB General UnitTrust comprises ten individual trust funds. There are five fund5 which are
restricted. They are as follows:
Church Insurance Bonus-This fund is to assistwith the Stipend
Church OfFicers Composition Balance- This fund is to assist with the Stipend.
Rectory Profit Sale- This fund dertves from the sale of the rertory property and is to be used for the benefit of
Scarva Parish in a way to be agreed by the RCB, Diocesan Council and Scarva Select Vestry. This was used in
2022 to purchase a new Rectory. This fund is now closed.
Parochial Funds-This fund is to assist with the Stipend.
Transfer from the General Sustentation Fund- This fund is to assist with the Stipend.
Investment in CIT Unit Trust comprises Six indNidual funds. There is one fund which is restricted as follows:
Raised By Parishioners- This fund is to a55iSt with the Stipend.
Building Fund-The purpose of this account is to assist with the maintenance and renewal of the Church
property.
Collection For Third Parties-This fund derives from the collections for third partie5 within Church Life.
RCB Youth Fellowship-This fund derives from monie5 donated by RC8 for'steadfast Youth Fellowship..
Friendly Club-This fund derives from monies donated or paid by members of the Friendly Club and their
associates. The purpose of this fund is to be used for the benefit of the Friendly Club.
12

Note5 to the financial statements for the year ended 31 December 2024 (continued)
Pur
oses of Desi
nated Funds
General Fund= This fund covers all expenditure and receipt transactions except for those which demand
separate fund accounting. This fund is to assist with all areas of the Church Life alongside the maintenance
and upkeep of all the Church Assets.
Fixed Terni Deposit Funds- This is comprised of four separate funds, tsvo of which are in the local Danske
Bank, another within Progressive Building Society and finally a National Savings and Investment Account. The
solv purpose of eath account15 to galn Interest whlch Is then relnvesied until a time when it is needed for the
purposes of Church Life. The Bequests which have been placed into these accounts over a period exceeding
sixty years are The Shepherd Bequest11955). The Marshall Bequest11962), The E Purdy Bequest {1976), The
Mrs J Riddell 8equest11976) and the Rev TGD Andrews Bequest {1993).
Collections for Thlrd Parties
2024
2023
Royal British Legion Collection
Southern Area Hospice
Collertion Re- LOL 116
UCB
RAF Benevolent Fund
B Positive
Bishop Appeal
102
76
643
454
52
446
52
250
447
1.147
2,372
1,985
The above amounts have been included in Receipts for the Year under °Collections for Third Parties" and in
Payments for the year under"Collection5 for Third Partie5". Ml payments out had been completed by the year
end.
5. Transartions with the Trustees
Rev. Rodney MaBennis, trustee, received a stipend for £21.352.92 in relation to his professional services as
Minister in charge of the Parish for the year January- December 2024.
Rodney Dillon, trustee, received a payment totalling £800 for services as Caretsker to the Parish.
Anne Campbell, trustee. received expenses of £1,51)J for the provision of musical services as Organist of the
Parish.
Norman Toombs, trustee, received a payment totallin8 £627 for painting the Church building.
6. Governance Costs
Governance costs of £1,650 were incurred during the year of which £1,650 relates to fees paid to the
Independent Examiner. Governance costs are included within Administration costs in the Receipts and Payments
Accounts.
13

Notes to the financial statements for the year ended 31" December 2024 (continued)
7. Church Running Costs
2024
2023
Electricity
Church Insurance
Water Rates
Church Repairs
Fire & Defence
Communion Wine
Parishioner 100 Birthday
Safeguarding Trust
1,813
1.941
360
684
iii
2,620
1,735
384
270
96
90
58
58
5.163
5.165
The above amounts have been included in Payments for the Year under"Church Running Costs."
8. Other Recelpts
2024
2023
Graveyard Donation and Fees
GiftAid
Energy Support Grant
1,0
4,528
2,450
4,366
1,200
8.016
5,543
The above amounts have been included in Receipts for the Year under"Other Receipts."
9. Wages and Salaries
2024
2023
Stipend
Annual Leave Cover
PAYE
Vacancy Duty
Sexton
Organist
Caretaker
21,353
180
375
18,238
430
375
1,2(K)
1.500
800
25,408
1.200
1.500
800
22.543
The above amounts have been included in Payments forthe Year under TrVage5 and Salories..
14

Notes to the financial statements for the year ended 31" December 2024 Icontinued)
10. Share of Glebe C￿ts
2024
2023
Rates
633
1.345
iii
616
2.072
Insurance
Purchase of Glebe House- Legal and Professional Cost
1.079
1,712
11. Investment Income and Expenditure
2024
2023
Investment Income
Scheme Income
Revaluation on RCBICIT Investments {Gainl
Board of Education
RCB Distribution
271
1.260
250
690
97
134
145
1.676
1,171
The above amounts have been included in Receipts for the Year under"Investment Income."
Investment Ex
enditure
Devaluation on RCB Investment (Loss)
The above amount has been included in Payments forthe Year under"Investment Income..
15