**The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** ## **Aim and purposes:** St. Michael’s Parochial Church Council (PCC) has the responsibility of co-operating with the Rector, the Reverend Christopher Davey, in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church of St Michael and Castle Community Rooms. ## **Administrative information:** St. Michael’s is part of the Diocese of St Edmundsbury and Ipswich within the Church of England. The correspondence address is The Church Office, Castle Community Rooms, Church Street, Framlingham IP13 9BQ. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and became a registered charity on 23[rd] February 2009, Charity Number 1128206, with the Charity Commission. PCC members who have served from the Annual Parish Meeting in 2024 are: ## **Elected Members:** Peter Lamb Adrian Morgan Margaret Wilkins Wendy Phelan Edith Peck Jeffery Burt Chris Wasmuth Catherine Johnson Caroline Foster (Vice Chair) Alan Rabjohn Sabrina Crooks Linda Shelley ## **Rector:** Christopher Davey ## **Associate Priest:** Mary Lamb ## **Curate:** Edith Peck ## **Reader:** Terry Gilder ## **Warden:** Caroline Foster Page **1** of **7** **The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** ## **Deanery Synod:** Sandra Whalley-Maude Alan Rabjohn Edith Peck ## **Objectives and Activities:** The PCC is committed to encouraging people to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through sacrament, scripture, prayer and music. When planning our activities, the incumbent and the PCC work together to enable Christian people to live out their faith as part of our parish community through: - Worship and prayer; - Learning about the Gospel; - Developing their knowledge and trust in God; - Provision of pastoral care for people living in the parish; - Work with children and young people; - Missionary and outreach work. In addition to this the PCC exercise their responsibility to maintain the fabric of our Church of St. Michael and Castle Community Rooms. ## **Achievements and Performance** ## **Worship and Prayer:** A range of services is offered on Sundays and during the week and over the course of the year that endeavour to meet the spiritual needs of our community. For example, Sunday morning 8.00am Book of Common Prayer Communion provides a quiet, and reflective environment for traditional worship. The main service on Sundays is the 9.30 Parish Eucharist which is enhanced by a sermon and music provided by our choir and organ. On the first Sunday of the month a different style of service is held, a Family Communion, which is more inclusive and specifically welcomes children and young people to be totally engaged in the worship. Families of our Sing Praise Children’s choir regularly attend this service and the Sing Praise choir sing as part of it. A mid-week Holy Communion service is held at 10.30 a.m. each Wednesday. The Major Feast Days of the Church’s year are observed throughout the year. Page **2** of **7** **The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. Many people are involved in the spiritual and practical work of the parish and this is how it should be as we use our gifts together and respond to the challenges and opportunities of a considerable growth in the population of the town. ## **Growing in God – Our Mission in Framlingham:** The PCC continue to focus on growth and particularly service both to the town but also the wider community. During the year we supported local and international charities with financial donations. We continue to be a collection point for the local food banks and with other churches help deliver supplies to local families. Our twice monthly coffee morning, Toast Rack, welcomes people into church for refreshment and community. ## **Deanery Synod:** Three members of the PCC sit on the Deanery Synod. This provides the PCC with important links between the parish and the wider structures of the church. ## **The Church:** Our church is open to our community for private prayer during daylight hours throughout the year. During 2024 work on the issues identified in the Quinquennial inspection continued. The Church Yard wall which remains the responsibility of the PCC even though the church yard closed over twenty years ago collapsed in the autumn of 2021. This will present a large challenge for the PCC who will need to plan for its rebuilding and, as no insurance claim is associated with the collapse, will need to secure funding for the rebuilding and repair. Funding will need to come from grant making bodies as we don’t have the financial resources ourselves. Huge thanks are owed to Caroline Foster and Graham Haerle and those who assist them and who have helped doing repairs large and small spending their time to save us considerable amounts of money. ## **Castle Community Rooms:** Has now been open for over two years, managed by a community management committee. Use of the hall is very good and large numbers of people are hiring the space for a number of activities. A restricted fund and associated bank account remain in place for this project. Page **3** of **7** **The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** ## **Ecumenical Relationships:** The church is a member of Churches Together in Framlingham. It meets regularly to discuss matters relating to all the churches in Framlingham, and to plan and implement joint activities. ## **Financial Review:** There has been an Independent Examination of the accounts. The total receipts on ordinary (unrestricted) funds were £154,595 (2023: £96,272) and are detailed in the Financial Statements. £129,920 (2023: £95,758) was spent to provide the Christian Ministry from St Michaels Church, which includes the contribution of £59,700 (2023: £52,000) to the Diocesan Parish Share. Net incoming resources for the year, taking into account restricted and designated funds, reflected an excess of income over expenditure of £61,751 (2023: £61,058). ## **Reserves policy:** The PCC’s reserves policy is to seek to hold £20k in unrestricted reserves to cover running costs in the event of a major problem, and a building repair reserve of £15k to cover the outcome of any urgent work identified. Our thanks to our treasurer Margaret Wilkins who has so ably managed the church’s accounts and its finances, and all the other members of the PCC for their valuable contribution to our ministry and for keeping the church running. ## **Volunteers:** We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is, helping the worship, the caring, our learning and our building. ## **Structure, governance and management:** The method of appointment of PCC members is set out in the Church Representation Rules. At St. Michael’s the membership of the PCC consists of the incumbent, associate priest, reader, churchwardens, Deanery Synod representatives, and members elected by those members of the congregation who are on the electoral roll of the church. The PCC from time to time appoints co-opted members. All those who attend our services / members of the congregation 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 to be spent. The full PCC met 9 times during the year. Thanks to those who have served and contributed to our shared life and development. Page **4** of **7** **The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** ## **Approved by the PCC on …. May 2025 and signed on their behalf by:** ## **Revd. Chris Davey (Rector)** Page **5** of **7** **The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** ## **Independent examiner’s report to the members of the Parochial Church Council of St Michael’s, Framlingham (‘the PCC’)** This report has been prepared following an independent examination of the accounts of the PCC for the year ended 31 December 2024, in accordance with section 145 of the Charities Act 2011 ('the Act') and the Church Accounting Regulations 2006 ('the Regulations'). ## **Responsibilities of members of the PCC** As members of the PCC, you are responsible for maintaining proper accounting records and for preparing accounts which have been prepared in accordance with the Regulations. You are also responsible for determining whether, in respect of the year (and the preceding two years), the PCC meets the conditions for exemption from an audit of the accounts set out in section 144(1) of the Act and the Regulations, and for providing me with information and explanations required for my examination. ## **Responsibilities of the independent examiner** As an independent examiner I have a statutory duty to state in my report whether any matter has come to my attention in connection with the examination which gives me reasonable cause to believe that in any material respect: - accounting records have not been properly kept in accordance with section 130 of the Act; or - the accounts do not accord with the accounting records or do not comply with the Regulations. I also have a statutory duty to disclose in my report matters coming to my attention in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## **Scope of the independent examiner's work** My work was carried out in accordance with general directions setting out the duties of an independent examiner issued by the Charity Commission and as contained in the Church guidance. My examination included a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also included a review of the accounts and consideration of any unusual items or disclosures identified and seeking explanations from the PCC concerning any such matters. Page **6** of **7** **The PCC of St Michael’s, Framlingham Annual Report and Financial Statements for the year to 31 December 2024** ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Act; or - the accounts do not accord with those records; or - the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Regulations other than any requirement that the accounts give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## **Dominic Carter FCA** Page **7** of **7** ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements** ## **for the year ended 31 December 2024** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024** |**Note**
**INCOMING RESOURCES**
Incoming resources from donors
**2a**
Other voluntary incoming resources
**2b**
Incoming resources from operating activities
To further the PCC's objectives
**2c**
To generate funds
**2d**
Income from investment
**2e**
Other incoming resources
**2f**
Total incoming resources
**RESOURCES EXPENDED**
Cost of generating funds
**3a**
Activities directly relating to the work of the Church
**3b**
Governance costs
**3c**
Total resources expended
**Net incoming resources**
Gain on investments
Balance brought forward at 1 January 2024
Transfer between funds
Balance carried forward at 31 December 2024|**Unrestricted**
**Restricted Designated**
**Total**
**Total**
**funds**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
59,144
21,725
-
80,869
74,357
10,163
64,451
950
75,564
114,110
6,632
130
32,852
39,615
36,536
478
4,314
-
4,792
4,552
1,045
638
-
1,683
1,033
77,133
894
-
78,026
9,877| |---|---| ||154,595
92,151
33,802
280,548
240,465| ||-
701
18,555
19,257
17,508
102,177
68,814
808
171,799
138,788
27,742
-
-
27,742
23,111| ||129,920
69,515
19,363
218,798
179,407| ||24,675
22,636
14,440
61,751
61,058
-
69
-
69
261| ||24,675
22,705
14,440
61,820
61,319| ||56,244
280,150
11,115
347,510
286,190| ||1,039
-
(1,039)
-
-
81,958
302,855
24,516
409,329
347,510| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements for the year ended 31 December 2024** ## **BALANCE SHEET AS AT 31 DECEMBER 2024** |**Note**
**FIXED ASSETS**
Tangible assets
**5**
Investments
**6**
**CURRENT ASSETS**
Stock
Debtors
**7**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
**8**
Amounts falling due after more than one year
**8**
**NET ASSETS**
**FUNDS**
Unrestricted
**4**
Restricted
**4**
Designated
**4**|**2024**
**2023**
**£**
**£**| |---|---| ||1,174,153
1,206,664| ||3,079
3,011| ||1,177,233
1,209,675
2,000
2,600
12,410
17,648
184,503
147,827| ||198,913
168,075| ||(45,903)
(75,218)
(920,914)
(955,022)| ||| ||409,329
347,510| ||81,958
56,244
302,855
280,150
24,516
11,115| ||409,329
347,510| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **1. ACCOUNTING POLICIES** ## **a Basis of preparation** The accounts have been prepared under the historical cost convention. ## **b Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Designated funds are unrestricted funds earmarked for particular purposes. ## **c Fixed assets** Investments held as fixed assets are revalued at market value at the balance sheet date. The gain or loss is taken to the Statement of Financial Activities. Land and buildings are initially measured at cost and subsequently cost less depreciation. The annual depreciation charge is calculated based on the estimated useful life and the estimated residual value of the asset. ## **d Capital grants** Income from capital grants is recognised on the accrual model of grant accounting. The grant income is initially recognised as a deferred income creditor and released to the Statement of Financial Activities over the useful life of the asset. ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements** ## **for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **2. INCOMING RESOURCES** |**2a. Incoming resources from donors**
Committed giving under Gift Aid
Committed giving not gift aided
Planned giving via pew envelopes
Planned giving - income tax recovered
Collection plate
Legacies and bequests
**2b. Other voluntary incoming resources**
Grants
Flowers
Donations/appeals
Castle Community Rooms
Sing Praise
GeeWizz
East Anglian Academy
Cloisters
**2c. Incoming resouces from operating activities to further PCC objectives**
Church lettings
Church Hall lettings
Other fees
Wall safe
**2d. Incoming resources from operating activitites to generate funds**
Other fund raising
**2e. Income from investment**
Investment income
**2f. Other incoming resources**
Clergy expenses
VAT refunds
Utilities
Insurance claim
Bell ringers
**Total incoming resources**|**Unrestricted**
**Restricted Designated**
**Total**
**Total**
**funds**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
43,348
-
-
43,348
42,843
6,379
11,725
-
18,104
8,755
3,082
-
-
3,082
3,922
3,444
-
-
3,444
15,215
2,891
-
-
2,891
3,622
-
10,000
-
10,000
-| |---|---| ||59,144
21,725
-
80,869
74,357| ||8,460
250
-
8,710
474
-
-
950
950
771
1,703
1,356
-
3,059
5,051
-
36,761
-
36,761
88,413
-
11,083
-
11,083
10,053
-
-
-
-
7,000
-
-
-
-
2,349
-
15,000
-
15,000
-| ||10,163
64,451
950
75,564
114,110| ||145
130
-
275
465
-
-
32,852
32,852
26,840
2,785
-
-
2,785
4,786
3,702
-
-
3,702
4,444| ||6,632
130
32,852
39,615
36,536| ||478
4,314
-
4,792
4,552| ||478
4,314
-
4,792
4,552| ||1,045
638
-
1,683
1,033| ||1,045
638
-
1,683
1,033| ||406
-
-
406
24
2,656
-
-
2,656
173
3,235
-
-
3,235
8,364
70,835
-
-
70,835
-
-
894
-
894
1,317| ||77,133
894
-
78,026
9,877| ||| ||**154,595**
**92,151**
**33,802**
**280,548**
**240,465**| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements** ## **for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **3. RESOURCES EXPENDED** |**3a. Costs of generating funds**
Fund raising
Church hall expenses
**3b. Activities directly relating to work of Church**
Diocesan Parish Share
Clergy expenses
Church running expenses
Insurance
Church maintenance
Salary of organist
Donations
Flowers
Wedding fees
Other FOSM expenditure
Castle Community Rooms
Depreciation - building
Depreciation - fixtures, fittings and equipment
Sing Praise
GeeWizz
East Anglian Academy
Cloisters
Bank charges
**3c. Governance costs**
Printing and stationery
Administrator
Miscellaneous costs
**Total resources expended**|**Unrestricted**
**Restricted Designated**
**Total**
**Total**
**funds**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
-
701
-
701
846
-
-
18,555
18,555
16,662| |---|---| ||-
701
18,555
19,257
17,508| ||59,700
-
-
59,700
52,000
1,125
-
-
1,125
638
7,445
-
-
7,445
11,474
5,169
-
-
5,169
4,458
24,761
-
-
24,761
13,413
3,907
-
-
3,907
-
-
800
-
800
1,100
-
-
808
808
820
-
1,120
-
1,120
1,247
-
18,644
-
18,644
-
-
139
-
139
3,422
-
30,704
-
30,704
30,704
-
1,807
-
1,807
1,807
-
8,848
-
8,848
13,733
-
3,472
-
3,472
3,528
-
1,100
-
1,100
250
-
2,057
-
2,057
-
71
123
-
194
195| ||102,177
68,814
808
171,799
138,788| ||1,328
-
-
1,328
586
6,336
-
-
6,336
5,724
20,078
-
-
20,078
16,802| ||27,742
-
-
27,742
23,111| ||| ||**129,920**
**69,515**
**19,363**
**218,798**
**179,407**| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **4. FUND SUMMARY** |**Unrestricted Funds**
PCC General Fund
**Restricted Funds**
Tombs Fund
Friends of St Michael's Fund
Bells Fund
Friends of Delhi Brotherhood
Sing Praise
GeeWizz
East Anglian Academy
Cloisters
Castle Community Rooms
Gain/(loss) on investments
**Designated Funds**
Church Hall Fund
Church Flower
Food Bank|**Transfer**
**£**
**£**
**£**
**£**
56,244
24,675
1,039
81,958
**As at**
**1.1.24**
**Surplus/**
**(deficit)**
**As at**
**31.12.24**| |---|---| ||10,117
250
-
10,367
33,475
6,988
-
40,463
4,053
(76)
-
3,977
449
756
-
1,205
5,481
2,235
-
7,716
3,472
(3,472)
-
-
2,099
(1,100)
-
999
-
12,943
-
12,943
219,503
4,112
-
223,615
1,501
69
-
1,570| ||280,150
22,705
-
302,855| ||| ||10,178
14,297
(1,039)
23,436| ||776
142
-
919
161
-
-
161| ||11,115
14,440
(1,039)
24,516| ||| ||347,510
61,820
-
409,329| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **5. TANGIBLE FIXED ASSETS** |**Cost**
At 31 December 2023
Additions
At 31 December 2024
**Depreciation**
At 31 December 2023
Charged in year
At 31 December 2024
**Net book value**
At 31 December 2023
At 31 December 2024|**Building**
**Fixtures,**
**fittings and**
**equipment**
**Total**
**£**
**£**
**£**
1,221,106
18,067
1,239,174
-
-
-| |---|---| ||1,221,106
18,067
1,239,174| ||30,704
1,807
32,510
30,704
1,807
32,510| ||61,408
3,614
65,021| ||1,190,402
16,260
1,206,664| ||1,159,699
14,454
1,174,153| ## **6. INVESTMENTS** The following investments are held with the Diocesan Board of Finance and the interest is paid into the church account. The income from the Buckmaster charity is for the repair and maintenance, upkeep and improvement of the church. The investments are included on the balance sheet at market value at 31 December and any gain or loss is taken to the Statement of Financial Activity. |Value at 31 December 2023
Movement in valuation
Value at 31 December 2024|**Fabric & Organ Bell Ropes**
**Total**
**£**
**£**
**£**
**£**
169
152
2,690
3,011
4
3
62
69
**Buckmaster**| |---|---| ||172
156
2,751
3,079| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **7. DEBTORS** |Tax recoverable from Gift Aid
Church Hall lettings
Prepayments
**8. CREDITORS**
**Amounts falling due within one year**
Other creditors
Accruals
Christmas collection charity donation
Deferred income
**Amounts falling due after more than one year**
Deferred income|**2024**
**2023**
**£**
**£**
10,400
12,148
2,010
2,620
-
2,880| |---|---| ||12,410
17,648| ||**2024**
**2023**
**£**
**£**
11,445
14,069
-
27,040
350
-
34,108
34,108| ||45,903
75,218| ||**2024**
**2023**
**£**
**£**
920,914
955,022| Deferred income relates to capital grants accounted for on the accrual model. See also Note 1(d). ## **9. ANALYSIS OF NET ASSETS** ||**Unrestricted**|**Restricted **|**Designated**|**Total**|**Total**| |---|---|---|---|---|---| ||**Funds**|**Funds**|**Funds**|**2024**|**2023**| ||**£**|**£**|**£**|**£**|**£**| |Tangible assets|-|1,174,153|-|1,174,153|1,206,664| |Investments|-|3,079|-|3,079|3,011| |Current assets|82,307|91,937|24,670|198,914|168,075| |Creditors < 1 year|(350)|(45,400)|(153)|(45,903)|(75,218)| |Creditors > 1 year|-|(920,914)|-|(920,914)|(955,022)| ||81,958|302,855|24,516|409,329|347,510| ## **The PCC of St Michael's, Framlingham Charity No. 1128206 Financial Statements for the year ended 31 December 2024** ## **NOTES TO THE ACCOUNTS** ## **10. EMPLOYEES** |During the year the number of employees paid for by the charity was:
Employment costs
Payment to highest paid employee
**11. PAYMENTS TO TRUSTEES**
During the year payments to trustees for services were as follows:|**2024**
**2023**
**£**
**£**
2
1| |---|---| ||**2024**
**2023**
**£**
**£**
10,243
5,724| ||6,336
5,724| ||**2024**
**2023**
**£**
**£**
10,978
17,231| One trustee received payment for the provision of services to the charity. The services were provided on an arm's length basis and were in addition to normal trustee duties. The expense is included in the Statement of Financial Activities, within activites directly relating to the work of the Church. The trustees are satisfied that the expenditure is in the best interests of the charity and is reasonable in relation to the service provided. One trustee is employed by the PCC and receives payment for the duties of their employment. The amounts paid were £6,336 (2023: £5,724) as reflected in Note 10. The PCC is satisfied that the conditions for employment of a trustee in s.185(2) Charities Act 2011 are met.