The Parochial Church Council of St. John the Baptist, Our Lady & St. Laurence Thaxted Annual Accounts and Financlal Statements for the year ending 31 December 2024 Page I
Annual Accounts for 2024 Baekground The Pawhial Churth Ccwjndl Ihwgaftw"PW has reSp(mkn. urKlerthe chaimwnshwj of Fr. Gerw lat the start ofth? year}, and the churchwardens Ann PKtwer. Paul Meadei and Cdin Harrison. for the promtw)n of the gcdesiastical parish ofth& whole missK)n ofthts thur¢h- pastoral, evangelical. social. and PMents4 aThJ for the nJMHvJ. Mainae. 4nd daily upkeep of lh8 parish church ol St. John the Baptist. Our Lady and St. Laurence, Thaxt8d. To best this. the PCC is fvlty feg8tsred as a charity wllh th8 Chaiity Commisskn under wistrakn number. 1127752. M•mb•rnhlp ofth• PCC Mefflbers of the PCC ara efiiher elted by the Annu Parothi81 Churth meeting or #rn appointed ex-00. in acwdance with the Churth RepreSentats.C Rul&s. OccasiCalfy. a memt41 may be ¢• whorè spe(J81isl skn'lls are required. During the 2024 finanual or, the fc41ryMg peoplg sgryed 88 mwnbers of tha PCC". Chalrn)•n Fr G8ThYyn Capon o AUW 2024) Churehwardon Colin Harrison Paul Meader Ann PKkhav•r (Frcrfn A.1 20241 o April 21r241 S•¢r•tary Maryarrn Fthkng o April 2ff24, tr•n Cwted) Tr••urnT PhIp Staker ICtropt•rf) PCC M•mb•r Fr Chris Brown Maumn Ethv8rtJ8 Angela Farr Trevor Hayrn8 Anna Lee Janet Moore Pamela OToole Stephen Odom lan Pn Emity &thoffid Pery Staker Mi¢h•¢l Tay (cwt) {From April 2024} (ro April 2024) (ro April 2024) o April 2024} (Fmm A•ll 2024} (From April 2024 (From April 20241 (To Awl 20241 Ex4>ffl¢10 Margaret Caton Maggle Cattarnll Rev. Susann8h Lac)n Adrf8n (Deanery Synod) Ianery Synod) (Assistant Curate) (LenSed Rer) Commlttw8 Tho PCC ¢yorate8. In part. thry)ugh Committ wh1( meet kn adthlkn lo the main PCC meeting8. This con)mittee is requirtyJ under eoiasbcal law. tt has th& pmr to transa¢a the trn888 oftho PCC betwfftn its meetings, subject to any dlroctl)n$ gwen lo rt by the main PCC. les mmi Buildi To maintain the fabric ofts Thaxted Church estate and to Improw the facilitm that can bo offeTP4J. Con7mift Oversees the incom8, expenditurn. arKI fina¥al governo¢ of PCC. Prodwing txets aThJ r)MMendIng fln8no81 polirAes for the full PCC to ap8. Committee To f8dlilale and organise fiJndraSskn9 events on tdwlfofthe PCC. ncoln O To cmrdinate all mattèrs wardirrfJ the storatI)n ofthe Lirkn Orw on behaff ofthe PCC. Nu To support 8nd •nthur8ge grvAh in the rship of within all se¢*ons of Ihe Parish c4Jmmunity. Page 2
Church attendance There were 90 parishicrflers Tr0ed on the ChLrd) El&ra Rott in 2024. 17 of IV1 (wjtside thè Parish lfrom 87 & 17 in 2023 and, 88 & 16 in 2022). The av918ge numt¢r r6raving communion on the and Sunday servk>s was 57 lup from 53 in 20TJ and 52 in 2022) bul this number excludes those r8ceNing blessings also any atteTrJartt * speiy.al masses around HY days and erMeniCal I Community sèNirM like the very wdl supported Pbugh SuThJay fars. farrity service. Thaxted Parish Church'8'0pen D¢xJrs' family swb¢e. ncw hek1 M every 11 Sunday of the monlh, c¥)ntlnues to be 8 wpular fomi of worship with families and exisling parishioners alike and Thaxted parishnerS o)ntinue to Flay an xtwe part in widèr benefi s8rvice8 and other e¢urnenical I'thurches togetherf senricEs •rilhin the try•m. Ststsment of Trustees, I PCC membern. responsibilities The purpose of thi8 Statement is to dK8tinguish the memb8rn' WesponbilitS for the finala1 statsment8 from th08e ofthe Independént Examiners as stated in thw"f report. The Charities Aci 2011 requires the members to prepare finanoal stalernents for eh finanrial yoar which give a In and falr view of thg Charitys )Inano818Ctivrties during the year and of rts finanoal Fw"bon at the etvj ofthe year. In pr¥paring )InarKaal 8tatements, th• members folltrwed best aThJ'. Sfjle¢#ed surtabl8 acc'ng Fdici&s and appl them rA)n8lStenly. M8d& judgem&nts and estimate$ thot are reasonabL arKI prent. Followod Ihe recOmm•ndatS ol the Charity Commission and of tho oc££wnfjng wof0881$ regarding form and nIent of thè financial Statements or undartcJk to di8dose and explain 8ny dtsp8rture therefrom. and Prepared the financAal statements on the gcing corK8m basis unle88 It was inapproprtale to as¥um& that th• chartty will conlnu• lo meet h8 obj•ctNe8. The m¥mbers w8r8 rgminded that thgy are pOnSibl9 for keeping ac¢cwnling reLofds whth aT• suffident lo disdose, wrih reasonable accuracy, th& finar181 posivon ofth8 chgrity 818ny time, and lo enable them to ensuo that lh8 finatKial statements comply with th6 disclosure regulalKJn3. TW are $0 rtsmind8d Ihat they responsible for safegu8rding the 988et8 of the charity and henc for taking reasonablg Steps prtsvent ar#J d•tedMJn ol and other iffogulants"•s. Approved by th• Par0¢1 Church CourKal at a full rn8tirJ on thalr Lhaf. Paul Moad•r Chur¢hwarden- Th8Xted Paiish ChLwth Co15n Harrl•on Clwrdwarden- Th8¥led Paish Chu(th Dated., Page 3
Report of the Independent Examiner to the Parochlal Church Council of SL John the Baptist, Our Lady and SL Laurence. Thaxted. We have evaluated ts final¥al ststanents Parcthial C(xw"I fty the year grnIBd 3111 Cecemir2W24 whi¢h nprise the Stslement of FinarKial the Bal SWaYl the rdalpAJ rNAe8 Set (¥Jt on pws 5 to 10. These finanaal ststements havo been prep¥•J Ur the hb81w cy) li w)xthnce vAlh nIng policaes set therein. The membors, responsiItt for prepaflrvj the ststemrts in W)))rd law. dwrity accounts'ng practi¢e and (where aFyroyt8tel Unrt•d lQ"n9jn Standartts we set out on page 3 ofthe report ofthe trust. We report lo yw our oplnicn as to her the fina81 statements gve a tnM and tsir and are prOrtY prepared in accordan¢8 wfth the guidelines WItn the Charities A¢t 2011. We a0 reF¢xt to yw in ow opM)ith) the infom)8tson gNen in th& INstees' r8Wrt is nsiSt•nI with the finanoal 8t8tem In addits"on, we report to yw rf. in our OFlton, tr t8rity has not kept prwr rgcords. or ifwa have not rec•4ved all tr$• Infomialion and •XF4anations require forour 888eswxnt We read th8 trLk8tee8' iewt nder the Imp1K•) trour rw t•>YM 8W8re of8ry aFparent misstsl•mènts wthin Is of •¢¢ount•nf4 oplnlon We have examined the pyrwork and souglrt ewdence to verify thè arnnts 8nd di8dc6ur8s in the fjnanugl $tal&mtsnts. It IndsJde$ an as88ssm8nt olthe slgnlfi¢ant esbrnates and judgernents mède by Ihg Irusleès in the prgparaton ol the fin8ncial statement8. and ol hthethgr ac4>)untir¥J are appycpwte to ts ¢frnty'$ drcum8tsnc•s. conBistsntty Pled and adequ81ty disdosed We planned end perform8d CM juygement so ay to obtain all the infonnalion èxplanation8 whKh we ttfisidtsred nS5ry in order to provide us wth ¥ufficient evid¢nc to give rS8b assurance that th& finano•l StatentS are tree frorn material misslalement. whether c8U8&J by fr¥ud CK irregulanty or errnr In oF¥nion, wa atso •vaJal•J the overall adequacy of th& presentsticn of Informati In ihe finanoal ststtmerts. Oplnlon In our opinlm". The finanaal stst•ments gi a trye and fair vith¥. in aDxrdance wth Unrtl lQngdtyn g•nwalty acceW•d ace¢xnb'ng praGIGe apFlitrI¢ tv Ghan18, of th• ststo 01 Of a¥ at 31• Decnber 2024 and ol Ihe rnsults 01 rt6 activty forth& period then ¢n¢J8d'. Th• finarrid statements have b88n Fvor*ty proFered in aco)rdance vth the guddin•s the CharfU•$ Act 2011., an the InfonngtK)n given in the tru8tee8' p)rt Is o)nwstent with Iha th8rKial siat8rn8nts. Ni8arhhmeil ACMA CGMA Rldg•ll & Gulldway Ac¢ount•nts Dated.. 28th Fory 2025 The Counttng HOUK. Watling Lpn& rsscx CM6 2QY
Statement of Financial Activities Foi thg year ernliTrJ 3111 Denber2024 Unrestricted DesIgted Rutri¢led EndoTrvrnen¢ fuods fuDds funds Incom• and ondowrnqnts from: Donations and legarAes Other trading 8thit Investménts Other income Total Inc¢mo 2024 2023 21a) 2{b} 2{c) 2(d) 45.724 6.680 1,728 65 125 12,939 60,389 8.805 1,521 83,899 152.614 45,725 5,881 3.339 111.837 166.762 1,521 5,736 7.587.$9 42,597 55.53S 87.970 1.521 Exwndlture on: Raising fund8 Expenditure on ¢lwritat48 o¢tNit8 Otr expenditure Totsl •xpendltyr• 3(a) 31bl 3(c) 1,239 40,924 57.188 99,351 1.042 1,185 1,776 4.1)02 3,581 42.108 962 38,593 124,126 183,681 27.897 29.197 132.550 N•t income I lexpondltyY•l ro•ourc•• b•fore tran8f•r {11.310) 3,585 26.338 1,521 20,064 3.081 TrAnsf•r• Gro$$ transfers btheen fiJnds- in Gro$s transfers bètween funds- out Totsl tran8f•rn 8.018 18,501 3,717 (7,$671 3.850 N•t movornent In fund• 17,6641 13.981) 30,188 1,621 20,064 3,081 Total fund• brought foraYd 13,863 7.718 36.432 29.910 87.723 84.642 Tot•1 fund• urrl•d lorw•rd 5,999 3,737 88.620 31031 107,787 87.723 Deflnltlon of fund typ•8 Unrnstrtcled funds are mon198 avallabte to the PCC lTw$t¥ for g8n•r81 u8è. witw r•8lrkbon. Deslgnafvd funds ar8 monies vthlch the PCC has s•18wdo for 8 $peofic purpose, bul rt is wthin Iheir rèmlt to d•dde lo reallocat• thts8e funds al any time, Ihrough a po8rtlv• vole at a proFedy constrtuled meeting, fcrf another purp)s&. R8slfleled fvnds r•pr•sent monies that are required to used forthe purpose Ihat they ar• granted or CLJnè¢ted. ff these funds cannot be used for the purpose for which they wtt granled or ¢01led. thgy cannot be re-811ocaied by the PCC bul must either be held for a lirne until the re6tricllon Can te met or must be di8i>x•J of in ac£ord8rK6 with Charty Commissn guidance 8.9. 10 anolh•r charfty wth aims that mal¢h the restrh"on. Endo¥mènt fvnds reprnt monl•s that have be left to th& for a loW•mi pwp)se. The are restrl¢ted 8 abov• anL1 generat? Income whkh b emer r8n$t#d or used lor thè puryK¥8 that the mc16$ endryed for. Page 5
Balance sheet as at 318t Deeember 2024 Current ass•ts InveStnIS Cash at b¥nk and in h8Th 2024 2023 31.431 76.436 107.869 29.910 58,035 87.945 LIalitIeS Cr8dilorn'. Amounts lalling due in one year 82 82 222 222 N•t current a88•ts, leu current liabiliti•• 107.787 87.723 Total 48•, l•M current Ilabllltl•• 107,787 87,723 Total n•t a•89ts.1••8 IlabllStle 107,787 87,723 R•prwontgd by UnrvtrS¢tsd Gan&r81 fuThJ 5.999 13.863 De81gnat Catering Fund Chat Café Lincoln Org8n RunniNJ Costs Llt&ralure Provi$lon Petor Klng Memori¥l FuThJ Rostoration Fund {De8lgn8t•d) 128 882 1.392 50 477 4,790 1.090 478 1,905 RMtrfct•d Restoration Fund (Rgstrfctedl RlaceMent Lighting Project Lincoln Organ R88tor81ion Fund Thaxted Church Music FurKI Kltchen, Toi18t & Meeting Rcthn FuThJ Furniture Fund De¢or8ting the South 610 J. Shgpp8rd's fund for Extemal UghllNJ For the M8inlen8nce of the Bells Provision of Raiment Malntenancè of the VKarag• 12,368 5,470 36,945 1,074 4,127 20,748 4,047 1.074 4,032 5,042 $35 5,015 87 85 Endowment Chancel Tru8t 31,431 29,910 Fund• oftho ¢hurch 107 787 Page 6
Notes on the Financial Statements For the year ending 3151 December 2024 1. A¢¢ounting policies Goneral Principl. These financial statements have been prepared under the current Church ttnting Regulations and in accordance with the Crn1 Ch8ntres SORP and applicabk &counts'ng standards. Funds: Unrestricted funds represent the lunds availab to the PCC that are not subject to any restrictions regarding their use and are available for application on the general purwses of the PCC. These include any funds which the PCC has itself d8signated for a SFecific purpose. The purpose of other fvnds, rnstricted by the Circutan or condibons of their receipt. is noted in the ffinancial stalemenls. Resource8 classified as 'EndOWm6n will be treated as long tenn investments by Ihe trustees and only the interest received on ea¢h investment will be available for ffjkninvestrtsnt or use for the wrFose intended by the person I body who donated the fiJnds, subject lo any separate and distinci agreeent on a particular endoWnt Incomlng ro•ourco8", Colle¢b'ons and fees are deatt wrth in the financial statem&nts when received. Covenanted receipts ara dealt with when honoured by the covenanter. Tax recoverable is recognised in the financial receipt when certified a$ due by and received from the relevant tax authonty. Grants and legacies are a¢Unted for when received or are able to be quantified with substantial accura. The proGeeds of fund-raising and sales of magazines and other goods a shown gross. and corresF()nding costs being shown in resources used. Re8our¢•# u•ed: Grants and donations are accounted for when paid. Costs la'n9 to vK*rk, fund-raising and administration are dealt wllh when incurred. Stocks of literature and goods for sale a included in the financial statements only if materially sftCant. The Diocesan quota is affounted for when payable and any quota un1 as at 311t December is shown as a creditor on the balance sheet. Expenses incurred in Ihe process of a fund-raisng 8vent will be attfibuled, where p088ible, lo the Fund the income is being r8cogni8ed in Restatomont of Prlor Y¢ar Cla88lflcatlons ere il is found to be necessary to recLqssfy income or expendf(U, erther through enhanced information or changes to how particular items should be classthed, the prhy year will be restated within the ¢urr&nl yearfs accounts to ensure a fair and accurate comparison. Value Added Tax: Irrecoverable Value Added Tax is wrltten off as part of the relevant cost. Value Add8d Tax recoverable in connection with pair work is sh¢)wn specfficalty as an incoming resource. othèr Currenl a880ts: Quantifiable amounts due lo the PCC as at 3111 DecemtrAr are sh(yATn as debtors on the financial statements after deducting any amount likely not to be collectable. Page 7
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Income 2(al Donatlon8 and legacles Totgl Unrestrirted Des 2,788 22.910 6,671 1.270 4,447 at¢d Res End Giving- Bank Slo Parish Giving Scheme Lc4)se plate coll&Xic¥)s One-off Grft Aid grf Donations, 8ppe818 etc Donat¢on$ vla Donat Stathjn Legacjes 'Black Chesv Donation8 Wall Safes ellt 2024 202 3,388 22,719 7,120 7,995 3,796 2.446 1,(100 1,228 2.032 4S.728 22,910 6,671 1,270 10.5 3,401 10,IX)O 1,031 1,128 60,389 203 5.941 1,398 515 513 45,724 515 615 1,727 Total 11939 21b) othor tradlng a¢tlvitie• Totsl Bookstall Sales- Fund ra181ng Church Léttings- G¥fteral Church LetUng8- Heating 2024 125 6.250 430 6.805 2023 125 6.2XJ 430 6.680 5,315 Totsl 0,861 2(cl Invo•tm•nt• Totgl Dr trieted D*ted Iricted wtDe 202 1.521 Gain$ l Lo86es on Trust Revaluatlon Totsl 2023 3,339 3,339 1.521 1.521 2(dl other In¢om• Total rlcted 3.702 5,795 1,740 wmen Tax recovorable on SIO & Gfft AHI T8y recoverable on GNing Schemè Non-recurring onfroff gr8nts Y8rdleys Charity Thaxted Parish COU11 Restoration Grants INon-Speclficl VIc4f & Churchwardens Gr8nl Other funds generated Candle Collection Catering Inme May & Christrn8$ Fayres Fundraising Committee Events Bank and buikling SOCAety inte$1 Fees for w6ddinps and fiJner818 Wedding Fges for Choir Insurance Claims 2024 3.702 5,853 3,740 2023 2.731 5,680 15,378 5,000 2,001) 2,024 50,OC¥) 255 909 388 12,000 3,425 37.471 37.471 1,317 1.317 12.983 12,983 5,461 t,547 8.745 S.(1 474 8,745 1.071 11,198 410 3S.$67 410 83,899 Total 5.736 42.597 111,837 Page 8
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Expendlture 31al Ral8lng fund8 Totsl Unrestricted D¢si glted 1,042 te41 End 1,3 2024 2.611 970 3.581 Costs of fetes & othgf everts Cost of Credit Card Mathi 2023 773 188 962 970 1239 Total 1.042 31b) Expendtture on charftable activlti Totsl trl Restrltt Endowment 2024 Giving- Mi85ionary sletIeS Giving- Relief & Devdopment agenclgs Home missKJn Secular ¢h8nth'es Ministry parl8h share st¢ 2023 150 100 100 2,184 99 39,728 42,108 50 Tot1 40.924 1.185 38,593 3{el Oth•r •xp•ndttur• Total restrlct 6,375 12,C(Q wm 2024 8,375 12,f Org8ni6t Fe88 Parfsh Administrator Parish Administrator- Expens Expenses of Mini$ty Te Vicarage- Ublty Costs Parish Irainlng and mission Church runnin9- InsuraTh Parish Office - Con$umables Parish 0ffi¢o- BroadbaThJ I WIFI Organ I piano tuning Chuf¢h running - Maintenance Chuith running- Cleaning & Laundry Churth running- Colering Churth wnning- Flowers Church running- Service Church running- SaNice (All} Upkeep of thurchyard Adminislralion Bank Fe&$ F•88 Payabl to the Dictw• Church runnlng- Electric Churth running- Ga Church wnning- Wat Church wnning- 011 ookslall costs Govern8nce- Examlnation IAudit Foe Church major repair8- SlnKlure Church rnajor repair¥- In31allation Chur¢h rnajor repairs- Churchyard Church interior aThJ 6xteli deo)rating Church- Fumiture C08ts hurch- Lighting Proje0* VScarage- Maintena 2023 e,ooo 5,500 158 543 427 427 43 43 8.266 753 527 7,731 399 475 516 3,097 202 191 1.899 3.031 1,287 4,220 2.123 55 2,533 2,581 15,834 125 753 527 12.720 231 150 12,720 231 407 1,180 2,851 257 1,180 2,851 5,800 4,539 4.539 2,117 2,1?7 1,405 2,579 138 740 338 570 2,365 1,429 13,308 2.579 138 740 287 570 570 2,365 1.429 13,3C6 7,462 447 4.178 1.740 124,128 4.889 4,889 Tolal 57.188 1,776 27.897 86.861 Page 9
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Statement of assets and liabilities as al 31st December 2023 UAkrestric¢ed Desi ated Cufrgnt aets- Cash at bank & in hand Barclays- Current Account Barclays- Restoration Account CAF Bank- High Intère8t CAF Bank- Current Attount Cash in Hand 2tr24 20 6.325 8.369 1,160 68,020 889 6,169 8,115 42,804 947 4.25S 59.497 T¢)l•l• 3.737 66.702 76.438 58.035 Currnrrt as8•ts. Irwmknents Chan1 Trust 29,910 29.910 Tola 29,910 29,910 31A31 Llabllltl•B - Agèn¢y aecouni¥ Agency colleth¢n8 82 82 222 222 Tot#l• 82 Grnnd t¢t*l
- Statemont of th• movement of lunds For the year ended 311t Decemb&r 2024 Fund B•lanc In¢ornlThJ Outyolng Tr•n•fvrn lomrd R••our¢M R•wr¢ G•ln• I Lo•890 Unr••trfetsd Fund• General lund Fund B•l•n¢•8 ¢irrlod forwartl 13,883 87.970 99.351 3.717 6,999 D•*lgnat•d Fund• C8lefing Fun<J Chal Cafè Flower Fund Llncoln Org8n- Runnlng Co•ts Literatu PrOViOn Peter KlrrfJ Memorwl Restoration Fund 128 8n 1.185 1.180 303 1,180 477 1.3W2 478 1,090 1,905 1.036 5,878 R••trlct8d Fund• Replacement Lighting Pm1• Lincoln Organ~ R08toration Fund Restoration Fund D•¢tsrating the South Alsle Fvmiture Fund Kitchon, Toilot & Mn9 Room Fund J. Sheppard fund for Ext8rnal ghtIng 8inlenanc& ol the Bells Maintenanc8 of the Churchywd Maintenance of the Vicaro9è Piovision of Raiment Thaxted Church Music Fund 4,047 5,470 38.303 7,524 20,748 5,015 15. 12,3 5,042 4.127 71 87 1,074 1.074 Endowment Fund• Chancel Trust 29,910 1.521 31.43f Totsl 166,762 163,681 Page 10
Associated Organisations In additson lo the fiJnd¥ which the IrLtees I PCC members have dirax w)trol of. thern are several assoaalod organisats'cS whi¢h, athough cannot fomi part of the ac(x)unts. do have a [wLjiOn to the f#iC and the woth ofthe churth. Each organi8ation prclu8 an independent account of their InMe and oxpendibjre bLrt an extrad of each oflhose B reprcJu¢od below frjr Informatic and for Mpari wth pre4iws yeaTr' a(x$. Vicar and ChurGhwarden8 Accounts Extract1M the Summary oflhe Funds lh& & ChuhWanfenS eccounts 8$ 8t 3111 D8cember2024 Totsl Fund• 2024 3.242 Total Funds 2023 3.208 Charity Fund$ k1 ID8tail$ tn the fvll V&CW •xcwnt8) Yardley Ecdewasb"cl Chartty 26,034 I8.2 Totsl Re•trlctsd fvnd• 29,276 22,110 V&CWFund 21.589 20,610 Chantry E8tate 28.467 25,944 Totsl unrn•1I•d lund• 50.056 46.564 Fund bal•nc• at Y•ar End 79.332 68,884 Llncoln Organ Restoratlon Commlttea accounts From 2024, ¢h8 Llncoln Orgon Reslorntson Funds have been futy th• Tha¥tod PCC annual accounts 8$ 8 rnstncted fvnd. Thaxted Church Hall Extraby Iw tho rncord ofin¢m 8nd oflh6 Thaxtod Chun HaIl8cC¥ 88 Ot31 D8¢emtsr2024 Total Fd$ 2024 Total Fund• 2023 Op•nlng fund• 4,280 2.298 Tot81 In¢ome 8.828 8,173 Tot81 ExpendiluTe 5,523 5.166 GFIANTS / L08n8 One off Expèn8es 3,S16 SUru9 I ID•fial) 2.465 2,522 Fund$ Balance at Year End 7,185 4,820 Page JI