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(m*kn￿. urKlerthe chaimwnshwj of Fr. Gerw lat the start ofth? year}, and the churchwardens Ann PK*twer. Paul Meadei and Cdin Harrison. for the promtw)n of the gcdesiastical parish ofth& whole missK)n ofthts thur¢h- pastoral, evangelical. social. and P￿￿Ments4 aThJ for the nJMHvJ. Main￿a￿e. 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 el￿ted by the Annu* Parothi81 Churth meeting or #rn appointed ex-0￿0. in acwdance with the Churth RepreSentats.C￿ Rul&s. OccasiC￿alfy. a memt41 may be ¢• whorè spe(J81isl skn'lls are required. During the 2024 finanual ￿or, the fc41ry*Mg 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 PhI￿p 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 P￿n Emity &thoffi￿d 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) I￿anery Synod) (Assistant Curate) (L￿enSed Re*r) Commlttw8 Tho PCC ¢yorate8. In part. thry)ugh Committ￿ wh1(* meet kn adthlkn lo the main PCC meeting8. This con)mittee is requirtyJ under eo*iasbcal law. tt has th& pmr to transa¢a the tr￿￿n888 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 tx*ets aThJ r￿)MMendIng fln8no81 polirAes for the full PCC to ap￿8. Committee To f8dlilale and organise fiJndraSskn9 events on tdwlfofthe PCC. ncoln O To cmrdinate all mattèrs wardirrfJ the ￿storatI)n ofthe Lir￿kn Orw on behaff ofthe PCC. Nu To support 8nd •nthur8ge grv*Ah in the *￿rship of ￿ within all se¢*ons of Ihe Parish c4Jmmunity. Page 2 Church attendance There were 90 parishicrflers T￿r0ed on the ChLrd) El&*ra Rott in 2024. 17 of IV￿1 (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 H￿Y days and er￿MeniCal I Community sèNirM like the very wdl supported Pbugh SuThJay fa￿r￿s. farrity service. Thaxted Parish Church'8'0pen D¢xJrs' family swb¢e. ncw hek1 M every 1*1 Sunday of the monlh, c¥)ntlnues to be 8 wpular fomi of worship with families and exisling parishioners alike and Thaxted parish￿nerS 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' Wespon￿bilit*S for the fina￿la1 statsment8 from th08e ofthe Independént Examiners as stated in thw"f report. The Charities Aci 2011 requires the members to prepare finanoal stalernents for e*h 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 pr￿￿ent. Followod Ihe recOmm•ndat￿S ol the Charity Commission and of tho oc££wnfjng wof0881￿$ regarding form and ￿nIent of thè financial Statements or undartc*Jk 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& finar￿181 posivon ofth8 chgrity 818ny time, and lo enable them to ensuo that lh8 finatKial statements comply with th6 disclosure regulalKJn3. TW are ￿$0 rtsmind8d Ihat they responsible for safegu8rding the 988et8 of the charity and henc￿ for taking reasonablg Steps prtsvent￿ ar#J d•tedMJn ol and other iffogulants"•s. Approved by th• Par0¢*￿1 Church CourKal at a full rn8tir*J on thalr L*haf. Paul Moad•r Chur¢hwarden- Th8Xted Paiish ChLwth Co15n Harrl•on Clwrdwarden- Th8¥led Paish Chu(th Dated., Page 3 Report of the Independent Examiner to the Parochlal Church Council of SL John the Baptist, Our Lady and SL Laurence. Thaxted. We have evaluated ts final￿¥al ststanents Parcthial C(xw"I fty the year grnIBd 3111 Cecemi*r2W24 whi¢h nprise the Stslement of FinarKial the Bal￿ SWaYl the rdalpAJ rNAe8 Set (¥Jt on pws 5 to 10. These finanaal ststements havo been prep¥•J Ur￿ the hb81w￿ cy)* li w)xthnce vAlh ￿nIng policaes set therein. The membors, responsi￿Itt￿ for prepaflrvj the ststem￿rts in W)))rd￿ law. dwrity accounts'ng practi¢e and (where aFyroyt8tel Unrt•d lQ"n9j￿n Standartts we set out on page 3 ofthe report ofthe trust￿. We report lo yw our oplnicn as to ￿her the fina￿81 statements gve a tnM and tsir and are prO￿rtY prepared in accordan¢8 wfth the guidelines WIt￿n the Charities A¢t 2011. We a*0 reF¢xt to yw in ow opM)ith) the infom)8tson gNen in th& INstees' r8Wrt is ￿nsiSt•nI with the finanoal 8t8tem In addits"on, we report to yw rf. in our OF*lton, tr* t*8rity has not kept prwr rgcords. or ifwa have not rec•4ved all tr$• Infomialion and •XF4anations ￿ require forour 888eswxnt We read th8 trLk8tee8' iewt ￿ ￿n￿der 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 arn￿nts 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 ¢fr*nty'$ drcum8tsnc•s. conBistsntty ￿P￿led and adequ81*ty disdosed We planned end perform8d CM juygement so ay to obtain all the infonnalion èxplanation8 whKh we ttfisidtsred n￿￿S5￿ry in order to provide us wth ¥ufficient evid¢nc* to give r￿S￿8b￿ assurance that th& finano•l Stat￿entS are tree frorn material misslalement. whether c8U8&J by fr¥ud CK irregulanty or errnr In oF¥nion, wa atso •va*Jal•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 Unrt￿l lQngdtyn g•nwalty acceW•d ace¢xnb'ng praGIGe apFli￿trI¢ tv Ghan1￿8, of th• ststo 01 Of￿ a¥ at 31• Dec￿nber 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 Fo￿ry 2025 The Counttng HOUK. Watling Lpn& rsscx CM6 2QY Statement of Financial Activities Foi thg year ernliTrJ 3111 De￿nber2024 Unrestricted DesIg￿ted 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¢tNit*8 Ot￿r 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,$671 3.850 N•t movornent In fund• 17,6641 13.981) 30,188 1,621 20,064 3,081 Total fund• brought for*aYd 13,863 7.718 36.432 29.910 87.723 84.642 Tot•1 fund• urrl•d lorw•rd 5,999 3,737 88.620 31031 107,787 87.723 Deflnltlon of fund typ•8 Unrnstrtcled funds are mon198 avallabte to the PCC lTw$t￿¥ for g8n•r81 u8è. witw r•8lrkbon. Deslgnafvd funds ar8 monies vthlch the PCC has s•18wdo for 8 $peofic purpose, bul rt is wthin Iheir rèmlt to d•dde lo reallocat• thts8e funds al any time, Ihrough a po8rtlv• vole at a proFedy constrtuled meeting, fcrf another purp)s&. R8slfleled fvnds r•pr•sent monies that are required to ￿ used forthe purpose Ihat they ar• granted or CLJnè¢ted. ff these funds cannot be used for the purpose for which they wtt￿ granled or ¢01*led. thgy cannot be re-811ocaied by the PCC bul must either be held for a lirne until the re6tricllon Can te met or must be di8i>x•J of in ac£ord8rK6 with Charty Commiss￿n guidance 8.9. 10 anolh•r charfty wth aims that mal¢h the restrh*"on. Endo¥*mènt fvnds repr￿nt monl•s that have be￿ left to th& for a loW•mi pwp)se. The￿ are restrl¢ted *8 abov• anL1 generat? Income whkh b emer r8￿n￿$t#d or used lor thè puryK¥8* that the mc￿16$ endry*ed for. Page 5 Balance sheet as at 318t Deeember 2024 Current ass•ts InveSt￿nIS Cash at b¥nk and in h8Th 2024 2023 31.431 76.436 107.869 29.910 58,035 87.945 LIa￿litIeS 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 R￿laceMent 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 $35 5,015 87 85 Endowment Chancel Tru8t 31,431 29,910 Fund• oftho ¢hurch 107 787 Page 6 Notes on the Financial Statements For the year ending 3151 December 2024 1. A¢¢ounting policies Goneral Principl￿. These financial statements have been prepared under the current Church ￿tt￿nting Regulations and in accordance with the C￿r￿n1 Ch8ntres SORP and applicabk &counts'ng standards. Funds: Unrestricted funds represent the lunds availab￿ to the PCC that are not subject to any restrictions regarding their use and are available for application on the general purwses of the PCC. These include any funds which the PCC has itself d8signated for a SFecific purpose. The purpose of other fvnds, rnstricted by the Circu￿￿tan￿ or condibons of their receipt. is noted in the ffinancial stalemenls. Resource8 classified as 'EndOWm6n￿ will be treated as long tenn investments by Ihe trustees and only the interest received on ea¢h investment will be available for ffjkninvestrtsnt or use for the wrFose intended by the person I body who donated the fiJnds, subject lo any separate and distinci agree￿ent on a particular endoW￿￿nt Incomlng ro•ourco8", Colle¢b'ons and fees are deatt wrth in the financial statem&nts when received. Covenanted receipts ara dealt with when honoured by the covenanter. Tax recoverable is recognised in the financial receipt when certified a$ 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 s￿ft￿Cant. The Diocesan quota is affounted for when payable and any quota un￿￿￿1 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 2. 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 COU￿11 Restoration Grants INon-Speclficl VIc4f & Churchwardens Gr8nl Other funds generated Candle Collection Catering In￿me 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.$67 410 83,899 Total 5.736 42.597 111,837 Page 8 3. Expendlture 31al Ral8lng fund8 Totsl Unrestricted D¢si glted 1,042 te41 End 1,3 2024 2.611 970 3.581 Costs of fetes & othgf everts Cost of Credit Card Mathi 2023 773 188 962 970 1239 Total 1.042 31b) Expendtture on charftable activlti Totsl trl Restrltt Endowment 2024 Giving- Mi85ionary s￿letIeS Giving- Relief & Devdopment agenclgs Home missKJn Secular ¢h8nth'es Ministry parl8h share st¢ 2023 150 100 100 2,184 99 39,728 42,108 50 Tot*1 40.924 1.185 38,593 3{el Oth•r •xp•ndttur• Total restrlct 6,375 12,C(Q wm 2024 8,375 12,f Org8ni6t Fe88 Parfsh Administrator Parish Administrator- Expens Expenses of Mini$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 4. Statement of assets and liabilities as al 31st December 2023 UAkrestric¢ed Desi ated Cufrgnt a￿ets- 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 Chan￿1 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 6. 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