ANNUAL REPORT and FINANCIAL STATEMENTS For the year ended 31 December, 2024 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY, TOTNES WITH ST JOHN THE EVANGELIST, BRIDGETOWN hereafter referred to as TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL Registered Charity Number 1128123 Principal address for charitable purposes.. The Rectory, Northgate, Totnes, TQ9 5NX
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL TABLE OF GONTENTS Page Number Trustees. Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to Financial Ststements
Trustses. Annual Report and Accounts for Totnes with Bridgetown Parochial Church Council for the year ended 31 December 2024. Objectives and Activities Totnes with Bridgetown PCC has the responsibility of co-operating with the incumbent, the Revd Jim Barlow and other members ofthe team ministry in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, avangeli8tic. social and ecumenical. It also has maintenance responsibilities for: St Mary's Church, Totnes. a medieval Grade 1 listed building of considerable historical interest., St John's Church, Bridgetown, a Grade 2 listed building, built in the 19th century and originally a chapel~of-ease in the Parish of Berry Pomeroy becoming part of the Parish of Totnes with Bridgetown in the 1970's; St Mary's Church Hall, originally part of Totnes Primary School, purchased by the PCC in the 1970's. The Charity Commission's guidance on public benefit is kept in mind by the members of the PCC in planning activities. Achievements and Performance 2024 was a year of significant achievement. Worship and prayer Regular morning worship has continued to be offered every Sunday, with lay led services continuing once a month at St. John's. The evening pattern has remained Team Choral Evensong on the 1st Sunday, Taize worship on the 2nd Sunday, Sacred Space on 3rd Sundays and Vespers on the 4th Sunday. Contemplative silence and morning or evening prayer has continued on Mondays, Wednesdays and Thursdays. Numbers have held up well or increased across all services. Christmas attendance across the team remained at hiqh levels with 9 Lessons and Carols. 0 Christingles, community carols and midnight mass. Miaaion The Community Café and weekday Toddler Group at St. John's have continued toflourish. The Friends of St. Mary's have continued their popular Tuesday café. The successful relocation of Stepping Stones / Food Bank to St John's at the beginning of the year has meant a change in activity at the church during weekday daytimes. It has been good to continue our relationship with Krt and her team. We have also run a successful Hot Potato lunch club and been able to host Kool Kitchen, a catering project aimed at men. Mike Gibbons has continued to do sterling work as music director for both churches, maintaining the monthly team choral evensongs and continuing to develop the Community Choir and St Mary's Junior Choir. The Summer Sounds programme ran again and there were two notable joint choir events, in June with Choir Jam from Keynsham, The Sea Gals and Totnes & Bridgetown Cotnmunity Choir in aid of the RNLI 200th anniversary (and St Mary's Upliftl Appeal) and in August when the community choir sung with Affinity from Cardiff, one of the largest female voice choirs in South Wales.
Sunday Club remains active at St. John's as does our engagement with St John's School. the Grove School and Totnes Independent School. There has continued to be high demand for use of both churches for talks, recitals and concerts, InGludiiig tlie Uiiity iii Diveibily weekly inter-faith meetings at St. Mary's and Totnes Consciousness Café at St. John's. One off events included talks by Brian McLaren, George Monbiot. Martin Shaw and an evening of miiqir. 2nd rgadings by Andrew Riimsey. Bishop of Ramsbury and Church of England lead on historic buildings. The monthly Gospel of Mark study group concluded in December but will continue in 2025, now studying the Gospel of Luke. Building for the future St. Mary's Uplift Project.. Having secured an enabling faculty in Dember 2023, Ihe first six months of 2024 were focused on completing the requirements of the development phase. The London and South panel of the Heritage Fund approved our second stage application forjust under £1 million in June 2024, a tremendous achievement. There was still a funding shortfall to be addressed but by December 2024 we had succeeded in meeting the overall target of £1.44 million, with conditional grants to come from the National Churches Trust and Wolfson Foundation, the Headley Trust, other smaller trusts and local charities and a number of local fundraising events. including an art auction. In November and December 2024 we recruited a project management team, Phil Lewis and Helen Craven of Randal Simmonds. We also appointed Jess Langton and Gra Deathridge to the Activities Co-ordinator role on a job share basis, they started in January 2025. The remainder of the project cost (some £240,000) was VA"1 which, at that point, we expected to be able to reclaim under the listed places of worship grant scheme. However, already in December it was clear that the gov8rnmant might be considering reducing or even scrapping the scheme and we were engaging in lobbying with other churches to point out the damaging effect that would have on our plans. In anticipation of going out to tender on the works we had already scheduled to close St. Mary's after Christmas 2024 although delay8 Outside our control meant the tendering process was running two months behind as of the year end. In 2024 we also secured a grant for £19,675 from Awards for All, to refurbish and upgrade St Mary's Church Hall. That work will now happen after the main project. A new churchyard project has begun to develop, led initially by Peter Hilken and engaging with Totnes Independent School and we look fOard to further plans being developed in 2025. St John's.. Attention being focussed on St. Mary's the implementation of the plans for developing St John's have moved at a slower pla. However, work began late in the year on removing the (collapsing) plaster lling above the stained glass window and opening up the wall on the 2nd floor to eventually allow the window to be seen from there. These works are associated with work to secure the wall supporting the structural beam at that end of the building. In 2025 attention will focus on how to fund the wider project based on the excellent feasibility study.
Ministry In 2024 the Diocese welcomed a new Bishop of Exeter, Mike Harrison, and we look forward to his pastoral and missional leadership. The Totnes Deanery has also revived somewhat with the appointment of Marisa Cockfield db Rural Dean. After 13 years, service in the Totnes Team, the Rev'd Canon Deborah Parsons moved to a full-time position at Exeter Cathedral, with her final service in Totnes held on Advent Sunday. Deborah and David have contributed so much. and Deborah seemed to be able to be turn up to every event in the team (sometitnes simultaneously). Her pastoral care and spiritual nurture were of great importance to many. Following discussions within the Team it was agreed to advertise in 2025 for fwo house for duty posts to replace the vacant 0.5 Team Vicar role. This is in line with the Team strategy of focal ministry and seeking to get priests back into parishes. As part of the same strategy, discussions were ongoing about splitting the Team rector role into two 0.5 posts as a time limited experiment. Diana Walters went through selection panel and was recommended for training for ordination which she began in September 2024. Diana has already made a big contribution to the ministry team as a lay leader. In December 24, quite suddenly, the pastoral measure to transfer Harberton St Andrews parish into the team was agreed and came into effect. This had been under consultation for several years. We are delighted to welcome Harberton into the Totnes Team and look forward to working with them. Communications During 2024 Diana Walters liad to step b<ibk fioivi editing the monthly newsletter to pursue her studies. Diana has done an excellent job. A new editorial team led by Peter Hilken has taken over the newsletter. Administration and Governan¢e During the year Katherine Court1 moved on to new opportunities. She has been a very efficient bookings administrator. This change allowed the PCC to rethink priorities around administration and it was agreed to increase the number of hours for the post to 12, to bring bookings for both churches under one umbrella and give the post a role in adminislering the online calendar and comms system. Claire Alford was appointed to this role and has made a very good start. Jenny Griffin continued to manage St Mary's hall bookings during 2024 but with the expectation that after the reordering that role will be taken on by the Bookings and Calendar administrator. Followng the APCM year we were pleased to welcome Tom Murrell onto the PCC. Tom has taken on the role of Electoral Role offir. My thanks are also due to Sally Watson for continuing to take PCC minutes alongside her other responsibilities., to Sue Stablerwho has continued to look after our finances; to the Churchwardens, John Holl and Julian Hall., deputy Churchwarden Carolyn Slilwell,. to the fabric committee. the social committee- our lay worship leaders,. café volunteers and to Rev'd John Luscombe, Tony Gregg and Liz Waterson.
Financial review Total Income in 2024 amounted to £335,898 compared with £207,979 in 2023. Of this £129,962 was unrestricted compared with £125,919 in 2023 and £205,225 restricted compared with £81,261 in 2023. Total Expenditure in 2024 was £24g,068 comparad with £177,434 in 2023. Of this £127,887 was unrestricted compared with £117,076 in 2023 and £121,181 restricted compared with £59,559 in 2023. Overall there was a surplus of unrestricted income compared to expenditure before investment gains of £2,075 (2023- £8,843) and there was a surplus of restricted income compared to expenditure of £84,044 {2023'. £21,702) with the latter reflecting grants received but not spent until after the year end. Total reserves at 31 December 2024 were £412,821 (2023.. £323,898) with unrestricted reserves of £68,041 (2023.. £65,951), restricted reserves of £320,585 (2023.. £213,630) and endowment funds of £24,195 (2023: £44,317). Regular congregational giving. often called "planned giving" held up well despite cost-of- living concerns and amounted to £36,762 compared to £35,487 for the previous year, an increase of almost 3.6%. Open plate collections in contrast reduced by almost 15/0 reflecting the fact that more people are switching to alternative ways of giving. Our income from letting of our churches and halls also increased to £40,005 from £29,981 in 2023 reflecting the increased use of our spaces by various community groups. Our unrestricted expenditure also increased mainly due to increases in our Di0san parish share and maintenance costs. Running Costs also increased reflecting increases in our various utility bills. Reserves Policy It is PCC policy to maintain a balance on unrestricted funds to allowfor shortfalls in income. Generally, we alm to have reserves covering Mo months of regular expenditures which would imply reserves of about£18,000. This was exceeded at the year end partly because of fLinds held to covor the upgrading of electricity supplies at St John's to 3 phase. We anticipate this upgrade happening in 2025. It is PCC policy to minimise risk by investing funds in the Central Board of Finance of the Church of England Investment Fund shares and in the Charities Aid Foundation UK Equity Growth Fund. Safeguarding The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops, guidance on safeguarding children and vulnerable adults). Structure, governance and management Totnes with Bridgetown PCC is a statutory body set up under the Parochial Church Councils (Powers) Measure, 1921. It conducts its affairs in accordance with the PCC (Powers) Measure 1956 and the Church Representation Rules. The PCC is a registered charity.
The method of appointment of PCC members is set out in thp. Chijreh Represo.ntAtion Rules 1969 (as amended). The membership of the PCC consists of the Tearn Rector, Team Vicar, churchwardens, Deanery Synod members and members elected by those members of the two congregations who are on the electoral roll of the church. All church attendees are encouraged to register on the electoral roll and stand for election to the pcc. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are spent. The full PCC met eight times during the year with an average attendance of 80 %. Administrative Information St Mary's Church is situated on High Street. Totnes and St John's in Bridgetown. The parish is part ofthe Diocese of Exeterwithin the Church of England. The correspondence address is the Rectory, North Street, Totnes, TQ9 5NX. The registered charity number is 1128123. For the purposes of charity law the Council of PCC members is also the Board of Trustees of the charity. PCC members who have Seed from 1 January 2024 until the date this report was approved are: Team Rector Team Curate.. Team Vicar.. Churchwardens.. The Revd Jim BARLOW The Revd Chris HARRIS The Revd Deborah PARSONS (until 3rd December 2024 HOLL John HALL Julian Elected members: BROOKES Lynda BROWN Diana GRIFFIN, Jenny HANCOCK Juliet HILKEN. Peter LUSCOMBE Revd John (co-opted) OLIPHANT, Anne MOLIN, Goran MURRELL, Tom {from 30th April 2024) STILWELL Anthony STILWELL Carolyn Diocasan Synod Representative.. None appointed Appointee member.. STABLER Susan On behalf of the PCC on The Reverend Jim Barlow Chairman
Indopondgnt examlnèr's rèport to th• TYust••s of Tho Paroehial ehur¢h Council of the Eccleslastlcal Parish of St Mary, Totn¢s with St John the Evangelist. Bridgetown known as Totnes with Bridgetown Parochial Church Council on the accounts for the ygar ended 31 December 2024 report to th¢ Trustees on my exdlllllltaliuri uf the finanGial statements for the year ende(J 31 Dember 2024 which are set out on pages 7 to 13. Respective responsibilities of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 14412} of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It is my responsibility to. Examine the accounts under section 145 of the Charities ACL to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the Charities Act., and to Stale whether particuiar matters have come to my attention. Basis of Independent Examiner's Statement My examinats'on was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required In an audit. and consequently no opinion is given as to whether the accounts present a 'lrue and fair view, and the report is limited to those mallers sel out in the statement below. Independent examiner's statement In connection wrth my examination, no matter has come to my attention'.- Which gives me reasonable cause to believe that. in any material respert the requirements.. lo keep accountino retords in ArrrdAnC.g. with sg.clion 130 of the Charities Aet,. and b. to prepare accounts, which accord with the accounting records and comply with the accounting requirements of the Charrties Act have not been met, or to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Jason Milden FCCA Darnells. Chartered Acwuntants 30 Fore Street Totnes TQ9 5RP Date 1610512025
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES For the year pndprl 31 December 2024 Unreatri¢ted Funds Reatricted Funds Endowment Funds TOTAL FUNDS 2024 2023 Note In¢ome and endowrnents from Donation3 and legacies 2{al 79,892 26.427 106,319 106.303 Activities for generating funds 21b) Church activllies 21¢) 49.795 171,282 221.077 97.173 Investments 2{dl 275 7,516 711 8.502 4.503 Other income 2{el Total income 129,962 205,225 711 335,898 207,979 Expenditurè on Church activities 3{81 127,887 121.181 249,068 177.434 Cost5 of 9ener8ting funds 31bl Tool expendlture IZ7,U157 121.181 249.068 177.434 Net incomel{expenditurel baforè Investment gainslllossesl 2.07S 84.044 711 86,830 30.545 Transfers between funds 21.901 21,901 Net gainsllLossèsl on Snvgslm*.nl Aqse.ts'. on disposal on revaluation 15 578 1,515 1,010 505 4,858 Net movement in funds 2.090 106,955 20,122 88,923 35.403 Total funds brought forward 85,951 213.630 44.317 323,898 288,495 Total funds ¢arrsed forward 68,041 320,585 24,195 412,821 323.898
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Investments 35,660 55,458 CURRENT ASSETS Debtors Short term deposSts Cash at bank and in hand 6{al 61bl 61c) 3,744 150,$34 223,673 4,499 143,018 125,304 377,951 272,821 LIABILITIES: Creditors - amounts falling due within one year 780 4,381 NET CURRENT ASSETS 377,171 268,440 Total assets l•ss eurrent liabilities 412.821 323.898 Creditors- amounts falling due after more Ihan one year TOTAL NET ASSETS 412,821 323.898 PARISH FUNDS Unreatricted General funds Reslricled Funds EndowrTbenl Funds 08.041 320.58S 24,195 60,951 213,630 44,317 412,821 323,898 Approved by Tothes wilh Bridgetown Parochial Church Council on and signed on ils behalf by.. The Revd Jim Barlow (Chairman) Sup J Stahler (May l.R. 2112r) 16.'45 GMT+ii Sue SlaNer (Treasurer) The note5 on pages 9 to t3 form part of these accounts.
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 Dember 2024 ACCOUNTING POLICIES TlTre PCG ib (I publiE benefit entlty wlthln the meanlng of FRS102. The financial siatements have been prepared under the Charities Act 2011 and in accordan wlh the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations true and fair provisions, together with FRS102120191 as the applicable aceounling standards and the Statement of Recommended Practice. Accounting and Reporting by Charities ISORPIFRS10211 leffeclive 1 January 20191. The financial statements have been prepared under the historical cost convention except for the valuation of investment asse15, which are shown at market value. The accounts include all Iransaclions. assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliats'on to another body or those that are informal gatherings of church members. Funds Endowment funds are funds, the capital of which musl be maintained,. only income arising from investment of the endowment may be used eilhei as reslricled or unrestricted funds depending upon the purpose for which the endowment was established. Restricted funds represent la} income from trusts or endowments which may be expended only on those reslrlcted objects provi(Jed in the terms of the trust or bequest, and Ibl donations or grants received for a specffic object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given . Any balance remaining unspent al the end of the year musl be carried foNard as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned lo individual funds on an average balance basis. Unieslricted fvnds are general funds which can be used for PCC or¢Jinary purposes. Designated funds are unrestricted funds set aside for a partlcular project. Funds so designated may be redesignated by the PCC and designation does not prevent funds being used for any other purposes. Incoming Resources Voluntary income and ¢apital sources Collections 2rÈ rÈcogniqpd whg_n rg_rg.ived by or on bèhalf of Ihg PCC. Planned givin9 under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid is recognised when the income is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement. the amount is quantifiable and ils ultimate re¢eipl by the PCC is reasonably certain. Funds raised through fund raising events are accounted for gross. Other Income Rental income from the letting of church pMiseS is recognised when received. Income from Investments Dividends are accounted for when due and payable. Gains and losses on investments Realised gains or losses are to be recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. Resources Used Grants Grants and donations are accounted for when paid over or when awarded. if that award creates a binding obligation on the PCC.
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2024 Activities dire¢tly relating to the work of the church The Diocesan parish share is accountèd for when paid. Short lerm deposits These include cash held on deposit with the CBF Church of England Funds. Liability recognition Liabilib'es are recognised as soon as there Is a legal or constructive obligation and settlement is probable and quantifiable. INCOMING RESOURCES Unrestrictad Funds Restricted Funds Endowment Funds TOTAL FUNDS 2024 2023 2{al Voluntary Income Planned giving.. Regular giwng Income tax recovered Collections lopen platel Reslricled collections National Grid grant District Counal grants tQalirthnAI l ottery grant Other grants Donations, 8ppe81s, elc Boxes and candles Care Gift Legacies 36,762 10.968 8.515 36.762 10.S68 8,515 35.487 13.833 9.956 10.000 2,870 19,675 5,755 15 19,675 5,7SS 16,506 7,156 982 9,178 15,598 7,984 1.397 16,491 7,156 982 79,892 26.427 106,319 106,303 Zlb} Actlvltles far generating funds Fund raising 2(cl Income from ehurch activities St John's church hall lellings St Marfs church hall letting$ Fees St John's Café St Marys Building Projeci- Heritage Lottey st Marys Buildin9 Project- Benefacl Trust Sl Marys Building Proje¢l- other St John's Building Project Sl John's P and T 35,856 4,149 7,807 1,683 35,856 4,149 7.807 1.683 40.000 28,000 103,252 30 300 28.886 1.095 4.852 3,284 40,000 28,000 103.252 30 58.076 300 980 49,795 171,282 221,077 97,173 2{dl Income from InStments Dividends and interest 275 7,516 711 8.502 4,503 27S 7,516 711 8,502 4.503 21dl Other income TOTAL INCOMING RESOURCES 129.962 20S,225 711 335,898 207.979 10
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2024 RESOURCES EXPENDED Unregtricted Funds Atricted Funds Endowment Funds TOTAL FUNDS 2024 21Y23 31al Church activiti•s Donations lo charities Ministry.. Diocesan parlsh share Other minislry costs Chur¢h- running expenses Church maintenance Upkeep of services Upkeep of St John's churchyard Sl MaS church hall running costs St John's Café Sl John's P&T Sl J conversation Support costs St Mary's Building Project Expenditures from Grants Administration Independent examinèr's fee 2,907 45,176 76 34,642 11,494 13.272 3,570 1,460 708 1,270 4,177 45,176 16 34.642 11.494 13.272 3,570 1,460 708 4,679 41,198 993 28,935 8,755 11,632 4.715 860 700 1,567 1,567 110.044 9,867 12,295 780 2,028 37.864 21.350 12,945 780 110,044 9,867 12.295 780 127,887 121,181 249.068 177.434 3(bl Costs of generatlng funds Fund raising costs TOTAL RESOURCES EXPENDED 127.887 121,181 249,068 Unte$tricted Funds Restricted Fund$ Endowmènt Funds TOTAL FUNDS 2024 lal STAFF COSTS 2023 Wages and salaries 5,642 5,642 10.226 During the year the PCC employed one organist and kn booking h811 secretaries {all part lime} bul no payments were large enough lo attract social security costs. Together these employees equate to less than one full time employee. (bl PAYMENTS TO PCC MEMBERS None of the trustees lor any persons connected with them) received any remuneration during the year.12023..£-1 Additionally, no members were reimbursed expenses on behalf of the PCC (2023.. none). 11
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2024 TOTAL FUNDS 2024 Unrestricted Funds Restrletèd Funds Endowment Funds 2023 FIXED ASSETS Investmènts Market value of investments at 31 Decenber, 2023 Additions Disposals In¢reasel{Docrease} in market value of inveslmenls at 31 December. 2024 553 12,118 42.787 55,458 50.fj00 553 20.770 21,323 1,010 505 1.515 4.856 13,128 22,522 35.650 55,458 1,133 Units CBF Inveslment F'd 22.522 22.522 43.340 11,293.00 Units CAF ESG Inc & Grth 13.128 13,128 12.118 13,128 22,522 35.650 55,458 CURRENT ASSETS FOR USE BY THE PCC 6181 Debtors Tax Recoverable other Debtors 3,744 3,744 3,744 3,744 4,499 4.499 61bl Short Term Deposits CBF Deposit Accounts 200 150,334 150.534 143,018 6{cl Cash al b8nk 8nd in hand Bank and huilding .4nr.igly accoiints 64.877 157.123 1.873 223.673 125,304 LIABIUTIES Amounts falling dué within one year Accruals Other Credltors 780 930 3.451 780 7BO 4,381 12
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2024 MOVEMENT IN FUNDS At In¢oming ResourGes Ilnc gains) linc losses) Outgoing Transfers At l January ResoufGes 31 DeGenib&r 2024 2024 Restrlcted Funds Sl Marfs Building Proiect St MaS & St John's General St MaS Church Hall Care Gift Account 171,494 41.281 500 35S 178,768 6,810 19,675 982 110,044 9,867 21,901 262,119 38,224 20.175 67 1.270 Total Restrlcted Fund$ 213,630 206,235 121,181 21,901 320,S85 Unrestricted Funds Genaral Funds 65.951 129,977 127,887 68,041 Totsl Unrestrieted Funds 6S,951 129.977 127,887 68.041 Endowment Funds St John's Chuichyard Sl Mdrys En(JowtnEllt 34,772 9.545 1,220 559 21.901 14,091 10,104 Total Endowment Funds 44,317 1,779 21,901 24,195 Total Funds 323,898 337,991 249,068 412.821 Funds are held for the purposes shown. The transfer of £21,901 from endowment funds to restricted funds arose following approval by the Diocese for certain endowments lo be used for structural repairs in accordance with the terms of the endowments that the funds be used for the benefit of the chureh. ANALYSIS OF NET A83ET8 BY FUND Uiireslricte Funds lincluding designated) Enfl¢Jwmtnt Funds 2024 Funds Fixed Assets Current Assets Current Liabilities 13.128 307.457 22,522 1,673 35.6SO 377,951 780 68,821 780 Fund balance 68,041 320.585 24.195 412,821 13