THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024
Parochial Church Council of St Peter and St Paul,
Aldeburgh
Annual Report
For the year ended 31st December 2024
Rector- The Reverend Sarah du Boulay
Assistant Priests.. The Reverend Nichola Wlnter IOLMI
The Reverend Johanna Mabey
Curate: The Reverend Mary Brown
Registration number 1128659

THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 315tDECEMBER 2024
Contents
Page
Administrative Information
Report from the Trustees
Report from the Auditor
io
Statement of Financial Affairs
15
Balance Sheet
17
Statement ofcashflow
18
Notes to the accounts
19
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THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL. ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Admlnistrative Information
Bank
Barclays Bank PIC
Aldeburgh Branch
Suffolk Coastal Group
4 Church Street
Woodbridge, IP12 2LT
United Trust Bank
Virgin Monev
CCLA Investment Fund
Auditor
Rickard Luckin Limited
First Floor, County House
100 New London Road
Chelmsford
CM2 ORG
Treasurer
Mr Adrian Brown/Mr Robert Fleming
The Parish Office
Victoria Road
Aldeburgh, IP15 SEA
Parish Admlnistrator
Mrs Claire Turner
The Parish Office
Victoria Road
Aldeburgh, IP15 SEA
Minute Secretary
Mrs Jenny Digby
The Parish Offi'ce
Victoria Road
Aldeburgh. IP15 SEA
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31sTDECEMBER 2024
Administrative Information
St, Peter and St, Paul Church is situated in Victoria Road, Aldeburgh. It Is part of St. Edmundsbury
and Ipswich within the Church of England.
The correspondence addre55 15 the Parish Office. Victoria Road, Aldeburgh, IP15 SEA.
The Parochlal Church Council IPCCI is a charity registered with the Charity Commission. Number
1128659
PCC members who have served from Istjanuary 2024 until the date of the signing of the report are..
Incumbent (Chairman 15tJanuary 2024- 31 December 20241-. The Reverend Sarah du Boulay
Curate.. The Reverend Mary Brown
Assistant Priest-. The Reverend Nichola Winter, SSM
Assistant Priest.. The Revererid Johanna Mabey
Warden- None
Representatives on Deanery Synod IFor the new triennium until 20251.. Mrs Carrie Spence
Lay Members ofthe PCC..
Canon Dr. Mo 8lackburn- Resigned May 25
Mrs. Sandra Saint- Resigned May 25
(until 20261 Mr. Roderick Linsell
luntil 20261 Mrs. Jenny Digby
(until 20261 Mr. Ken Smith Resigned May 25
(until 20261 Mr. Derek Cook
luntil 20261 Mr. Julian Worster
(until 20261 Mr. Andrew Scrivens
(until 20261 Ms Carola Spence
(until 20271 Miss Rosamund Blackburn
Appoints 2151 May 2024
(until 20271 Mrs. Linda Karen Thackrav
luntil 20271 Mrs. Cheryl Smith
(until 20271 Mr. Simon Cobbin
There were seven meetings of the PCC during the year, including that after the Annual Meeting.
Note I.. PCC Vacancies
Based on the current number of members on the electoral roll, there may be up to nine
elected members to the PCC. PCC members are elected to Serve a three-year term. Two lay
members of the PCC finish their elected terms at the 2025 APCM, which will leave a
total lay membership of ten. There are therefore currently no vacancies.
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THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Trustees Report
The Trustees present the report and linancial statements for the year ended 31 December 2024. The
financial statements have been prepared in accordance with the accounting policies set out to comply
with the Charities Act 2011 and Accounting and Reporting by Charities. Statement of Recommend
Practice applicable to charities preparinE their accounts in accordance with the Financial Reporting
Standard. The information set out on page I forms part of this report.
Structure Governan￿ and Management:
The method of appointment of PCC members is set out in the Church Representative Rules. All Church
attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. There is
currently one other committee, the Standing Committee.
Day-to-day management and running of the charity is carried out by the Priest in Charge and Church
Wardens.
All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
There is currently one other committee, the Standing Committee.
Day-to-day management and running of the charity is carried out by the Priest in Charge and Church
Wardens. The PCC members received no remuneration. There are no transactions with related parhes
requiring disclosure.
Objectlves and Activities:
The PCC of St. Peter & St. Paul, Aldeburgh, has the responsibility of co-operating with the incumbent,
and the asslstant Priests in promoting in the ecclesiastical parish the whole mission of the Church;
pastoral, evangelical, social and ecumenical. It also has responsibility for the maintenance and upkeep
of the church buildin& church hall and Fairlield Centre.
The PCC has a support structure which includes Standing Committee, Church Hall Committee, Fairfield
Centre Committee and three panels.. the Mission Panel, the Fabric Panel and the Youth and Children
Panel. These committees and panels deal with the everyday running of the Church and the Standing
Committee has power to transact business between PCC meetings. The Diocesan Board of Finance is
Custodian trustee of both the Church Hall and the Fairlield Centre.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline
Measure 2016. The PCC promotes a safer church for all in the church community, and has ensured
there is a plan in place to raise awareness of, promote training and ensure that safeguarding is taken
seriously by all those in the church community.
In accordance with Charity legislation, when planning our activities for the year, the incumbent and
the PCC have considered the Charity Commission's guidance on public benefit and, in particular, the
specilic guidance on charities for the advancement of religion. We try to enable people to live out
their faith as part of our parish community through..
• Worship and prayer: learnlng about the Gospel and developinB their knowledge and trust in
Jesus Christ
Provision of pastoral care for people living in the parish and those visiting

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31stDECEMBER 2024
Missionary and outreach work
Provision of a venue for musical and other artistic endeavours for the benefit of the
community.
To facilitate this work, it is important that we maintain the fabric of the church, church buildings, car
park and churchyard. Both visitors and worshippers are welcomed.
Fundraising
The main source of funding is from members donations and giving at worship. Whilst the Charity has
received the significant legacy, it plans to use this to enhance the Church building and develop its
activities and what it can offer the communitv.
The objective of the Charity Is to cover general running costs without using the legacy funds. Various
activities are organised by Church members during the year to raise funds and enhance team working
together. No external fundraising agents are used.
The Charity has not subscribed to any external fund ralsing schemes or regulation in the year either 05
requirement or on a voluntary basis.
Fundraising has been on a small scale and locally based and there have been no failures to meet anv
regulation. The Charity did not monitor and fundraising activities of any individual.
There were no complaints received in the year as a result of any fundraising acttvity.
Electoral Roll
The Church of England Roll adopted at the Annual Parochial Church Meeting on 25th May 2025 stood
at 93 with whom 13 lived outside the parish.
Review of the year from the Rettor
What a wonderful year we have had. and how many blesslngs God has poured down on us in
Aldeburgh.
In May, we hosted a deanery conlirmation servlce led by Bishop Mike, which included 4 people from
Alde Sandlings being confirmed. We have had our usual commemorative seNices. Advent, Lent and
major festival seNices, to which we always welcome a large number of visitors as well as our usual
worshippers. We also hosted a phenomenal Festival Service and Civic SeNice, as well as the Carnival
Songs of Praise (where we also walked in the parade) and continue to enjoy excellent ecumenical links
with our Catholic and Baptist brothers and sisters. Our Crib Service on Christmas Eve was a particular
highlight as we welcomed nearly 400 people into thurch alongside the Britten Pears Chamber Choir
and our favourite sheep friendl
We continue to pray for revival in Alde Sandlings, and our dedicated benefice team abended a
diocesan run 'Leading Your Church Into Growth, course, which has helped us to reflect both on what
we already do well, and what we need to focus our efforts on in the future. Having learnt from this,
the benelice is looking to employ a Children and Families, Worker, and we are currently half way
through the second benefice Alpha course of the year (this time being hosted by Aldringham. the first
by Aldeburghl.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31sTDECEMBER 2024
The church-owned Fairfield Centre is having a great year, ably managed by Linda Lumpkin,. being used
more and more by the community and improving its, tinancial situation. We look forward to
prayerfully working out how best to use the centre for mission in the future- the purpose for which
it was originally purchased.
As alway5, 1 must thank all of our wonderful volunteers. without whom the church wouldn't function
either as a worshipping body, or as a building. our team of Sacristans, Cleaners, Side5people, Flower
Team, PCC, Coffee Team, Choir, Rota Organisers, Readers, Organists, Friends, Sanctuary Guild, people
who pray so faithfLJlly, and many others who give of themselves, their time and their resources so
freely. Thank you all from the bottom of my heart.
l also must say a huge thanks to our dedicated ministry team, both lay and ordained. Rev'd Mary was
ordained Priest in July and we enjoyed travellinE to Bury St Edmunds to support her, and Since then
have benelited greatly from her priestly ministry. Rev'd Nicky, our retired priests and Lay Elders are
so generous with their time and themselves, and it is a continued pleasure to minister alongside you.
Last year we took as our vision the theme of 'Generous Hospitality,, really focussing on our welcome
to people and thinking about how we offer them hospltality as Christians.
This year, I would prayerfully like us to take this theme further by focussinE on 'Generous Mission, A
Generous Mission is one which is a call to share God's generosity with others in everything we do, say
think and are. It looks out beyond our churth building into the communities in which we live and seNe
and considers how we best represent the God we love.
We know love by this, that he laid down his life for us and we ought to lay down our lives for one
another. How does God's love abide In anyone who has the world's goods and sees a brother or sister
in need and yet refuses help?
Little children, let us love, not in word or speech, but in truth and action. l John 3..16-18
So please join me in praying for our church. and our parish of Aldeburgh,. that over the next year we
can prayerfully discern God's calling to us, and continue to spread the Good News of the Gospel
throughout His kingdom, joyfully loving God and loving each other as He would have us do.
Financial Review of the year
The Charity held £1.48million at the end of the year In total funds.
Of these £349k are in respect of Endowments or can only be used for restricted purposes
The major legacy received in the year has been designated to develop the Fabric and operations of
the Church. Projects to improve lighting, flooring and the renovation of the Church hall have been
identifted. The Trustees have acknowledged the significance of the legacy and are working on the
basis of using 50% on projects currently being developed and retaining £500,0(X) until these projects
have been completed.
A second batch of projerts can be then identified.
The trustees acknowledge that the legacy was not given to be just held as investment, but do not wish
to rush into a "spend, spend, spend" culture, rather to ensure that best use of the money is made to
give a lasting heritage.
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THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THETRUSTEES FOR THE YEAR ENDED 31stDECEMBER 2024
It is expected that at least £IOO,000 will be spent each yearforthe next 5 years, depending on securing
the necessary authorisations for the works to be carried out.
All the funds are currently held on an investment account with instant access, earning a reasonable
rate of interest. The Trustees will explore the possibility of anyother investment with up to 12 month's
notice giving a superior rate. A full investment Policy 15 also in the process of being prepared to
balance risk with reward. The Charity will only deposit funds in a bn approve bank Investment account
and will not speculate by investing in Bitcoin, Stocks and share, gold or any other commodity
The reserves held at the end of the year were £1,130,911 after deduction of restricted funds. Of this,
£1,036,152 has been designated.
The Charity 15 currently formulating a reserves Policy in keepinE Wlth the sudden inflex of funds froyn
the legacy. Previously it aimed to keep a sum equivalent to 3 months running costs in unrestricted
reserves.
During the year, the Charity received notification of a legacy in the will of a formal parishioner. The
will provided that the value of the estate, after the granting of several small gifts was to be donated to
the Church. The final tigure is unclear, but likely to be just over £1,000,000. During the year the sum
of £900.000 was received and a further £75,000 was paid in early 2025. The final distribution Is
estimated to be around £33,000 and this has been provided for.
The Church has set up a Legacy Committee to ensure that the best Use is made of this income and
oversee the spending of the Legacy, building a balance between using the money but given very
careful thought as to how it is used. Approximately half has been designated towards several
improvements to the Fabric of the Church, the other half is being retained for further projects once
the initial projects are complete.
The financial effect of the legacy has been to improve liquiditv Sl8nificantly and to give the Charity
some comfort as it continues to recover from the effects of the Covid pandemic and to ensure that its
general income can cover is general running costs.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
5T. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTOECfMBER 2024
Statement of the Responsibilltles of the Trustees in re5pe¢t of the Financlal Statements
The charity trustees are responsltjle for preparlng a trustees, annL¢al report and financlal statements
in accordance with appllcable law and United Kingdom Accountlng Standards IUKfjAAPI.
In preparlng the financlal statements the trustees are required to..
select suitsble Accounting policles and apply them consistentlv.
observe the methods and princlples in the applicable Charities SORP;
make judgments and estimates that are reasonable and prudent;
state whether appllcable Accounting standards have been followed. subSect to any material
departures disc105ed and explained In the linancial statements. and
• prepBre the flnanclal statements on the going Concern basis unless It is inappropriate to
asstjme that the charlty wlll continue In business.
The trustee5 are responsible for keepln8 proper 3c¢ountinB records that dlsclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Charities Act 2011 and the applicablè Charities (Accounts &
Reports) ReBulation5. They are responsible for safeguarding the assets of the charlty and taking
reasonable step for the prevention and all detection of fraud and other Irregularities.
The report was recelved by the board of trustees on
ovember 2025.
The Re¥d Sarah du Boulay (Chairman)
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
INDEPENDENT AUDITOR'S REPORT TOTHE MEMBERS OF THE PAROCHIALCHURCH COUNCIL OF
THE ECCLESIASTICAL PAR15H OF ST. PETER & ST. PAUL, ALDEBURGH
Opln5on
We have audited the financial statements of The Parochial Church Council of the Ecclesiastical Parish
of St Peter & St Paul, Aldeburgh (the 'charity'l for the year ended 31 December 2024 which comprise
the statement of financial activities, balance sheet, cash flow and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financiul Reporting Stond(yrd upplicuble in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the linancial statements=
give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of
its incoming resources and application of resource5 for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibillties in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusion5 relatlng to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accourbting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identilied any material uncertainties relaiing to
events or conditions that, individually or collectively, may cast significant doubt on the charity'5 ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not express any
form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstatements, we are required to
determine whether this gives rise to a material misstatement in the financial statements themselves.
If, based on the work we have performed, we conclude that there is a material misstatement of this
other inft)rmation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
the information given in the trustees, report is inconsistent in any materlal respect with the
financial statements,. or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.
Responslbilitie5 Ot trustees
As explained more fully in the trustees, responsibilities statement set out on page 9 the trustees are
responsible forthe preparation of the financial statements and for being satisfied that they give a true
and fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of tinancial statements that are free from material misstatement, whether due to fraud or
error.
In preparing the financial statements, the trustees are responsible for assessinE the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to goir4g concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the flnancial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report In
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when

THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the ecot)omic decisions of users taken
on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
Capability of the audit in detecting irregularltyfft including fraud
We identified areas of laws and regulations that could reasonably be expected to have a material effect
on the financial statements from our: general commercial and sector experience,. through verbal and
written communications with those charged with governance and other management,. and via
inspection of the charity's regulatory and legal correspondence.
We discussed with those charged with governance and other management the policies and procedures
regarding compliance with laws and regulations.
We communicated identified laws and regulations to our team and remained alert to any indicators of
noncompliance throughout the audit, we also specifically considered where and how fraud may occur
within the charity.
The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly, the charity is subject to laws and regulations that directly affect the financial statements,
including.. the charity's constitution; relevant financial reporhng Standards; company law. the
Statement of Recommended Practice applicable to charities preparing their financial statements in
accordance with FRS 102 (effective from l January 20191 and we assess the extent of compliance with
these laws and reEulations as part of our procedures on the related financial statement items.
Secondly the charity is subject to many other laws and regulations where the consequences of non-
compliance could have a material effect on the amounts or disclosure5 in the financial statements, for
instance through the imposition of fines and penalties, or through losse5 arising from litigations. We
identilied the following areas as those most likely to have such an affect: legislation directly applicable
to charities sector such as the Charities Act 2011,. Church Representation Rules,. employment
legislation; health and safety legislation,. safeguarding legislation; the regulatory requirements of the
Charity Commission and data protection legislation.
International Auditing Standards IUKI limit the required procedures to identify non-compliance with
these laws and regulations to the procedures, and no procedures over and above those already noted
are required. These limited procedures did not identify any actual or suspected non-compliance which
laws and regulations that could have a material impact on the financial statements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL. ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31srDECEMBER 2024
In relation to fraud, we performed the following specific procedures in addition to those already noted..
Challenging assumptions made by management in its significant accounting estimates in
particular.. recognition of income,.
Identifying and testing journal entries, in particular any entries Posted with unusual rsominal
ledger account combinations,.
Performing analytical procedures to identify unexpected movements in account balances
which may be indicative of fraud,.
Ensuring that testinE undertaken on both the Statement of Financial Activity ISOFAI and the
Balance Sheet includes a number of items selected on a random basis.
These procedures did not identify any actual or suspected fraudulent irregularity that could have a
material impact on the financial statements.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements. even though we have properlv
planned and performed our audit in accordance with International Auditing Standards IUKI. For
example, the further removed non-compliance with laws and regulations is from the events and
transartions reflected in the financial statements, the less likely the procedures that we are required
to undertake would identify it. In addition, as with any audit, there remains a high risk of non-detection
of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or
the override of internal contro15. We are not responsible for preventing non-compliance with laws and
regulations or fraud, and.cannot be expected to detect non-compliance with all laws and regulations.
or every incidence of fraud.
A further description of our responsibilities is located on the Financial ReporknnE Council's website at..
htt
www.frc.or
auditorsres
onsibilities. This description forms part of our auditor'5 report.
Other Matters
In accordance with section 144 of the Charities Act 2011, an audit was not undertaken for the year
ended 31 December 2023.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Use of our report
This report is made Solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charity'5 trustees those matters we are required to state to them in an auditorfs report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the charity and the charity's trustees as a body, for our audit work, for this
report, or for the opinions we have formed
Janine Mansfield (Senior Statutory Auditor)
For and on behalf of Rickard Luckin Limited, Statutory Auditor
Chartered Accountants
First Floor, County House
100 New London Road
Chelmsford
CM2 ORG
Date:
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Statem8nt of Financial Activities - 2024
Unrestricted Deslgnated Restrlcted Endowment
Total
2024
Income from:.
Donations and Legacies
Charitable Activities
Other trading activities
Other Income
Investments
Total Income
68.506
46,445
11,516
2,000
5,977
134,444
1,008,000
9,065
1,076,506
55,510
11,516
2,000
20,577
1,166,109
14,600
1,031.665
Expendlture
Charitable Activities
Raising Funds
Total Expenditure
172,509
448
172,957
14,169
1,203
187.881
448
188,329
14,169
1,203
Net
IncomelExpenditure
before transfer5
{38,513)
1,017,496
11,203)
977,780
Transfers into funds
Transfers from Funds
Gainlloss on
Investments
5.135
5,135
Net Movement In
Funds
133,3781
1,017,496
11,2031
982,915
Funds brought forward
128,137
18.656
326,192
23,871
496,856
Funds carrled forward
94,759
1,036,152
324,989
23,871
1,479,771
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THE PAROCHIAL CHURCH COUNCILOFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sYDECEMBER 2024
Statement of Financial Activities - 2023
Unaudlted
Total
2023
Unrestricted Designated Restricted Endowment
Income from:_
Donations and Legacies
Charitable Activities
Other trading aotivities
Other Income
Investments
Total Income
59.441
54.795
4.662
2,125
560
121,583
59,441
62,457
4,662
2,125
7,108
135,793
7,662
87
7,749
5,809
5,809
652
652
Expenditure
Charitable Activities
Raising Funds
Total Expenéilure
147,044
9,739
156.783
147,044
9,739
156,783
Net
IncomolExpenditure
before transfers
{25,4611
11,990)
5,809
652
120.990)
Transfers into funds
Transfers from Funds
Gain1105s on
Investments
1.920
1,920
11,920}
21,362
(1,2681
1,350
16521
2,069
17,943
Net Movement in
Funds
{25,3791
{1.990)
25,672
2,069
372
Funds brought forward
153.516
300,520
21,802
496,484
Funds carried fonNard
128.137
18,656
326,192
23,871
496,856
161Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIA5YICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OFThETRUSTEES FOR THE YEAR ENDED 31srDECEMBER 2024
BaiAnco Sho•t
Unaudltad
Agai31"
December2023
A8ot31"
DeGtmbgr2024
Flxed Ass8tg
Tangible Assets
Investment assets
Total Fixed Assets
95,862
2tsf3,363
349.225
94,900
248,228
343.128
Curf8nt Ass8ts
Cash at bank and on Oeposlt
Debtors
Total current Assets
1.034.746
114,000
1,148,746
153,728
153.728
Currant Ll8bliitle8
Credltor8 payable withln ona
year
18.200
Total Li8bllltios
1B,200
Tot41 Nèt As3vJts
1,479.771
496,856
Re5emJ
Unrostrlcted
Desi
nated
Restricted
Endowment
94.759
1,036.152
324.989
23,871
128,137
18,656
326,192
23.671
Totgl reserves
11
1,479,771
496,858
Approved Bnd 8
ed on BeliE?11 ul tl)e Church councll by
The Fieve18nd Saroh du Bouloy
Chair
DBt8
ia/ii135

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31stDECEMBER 2024
Statement of Cashflow
Unaudited
2023
2024
Cash flow from o
eratin
activi
Cash
eneratedllabsorbedl b
erations
877,606
3,129
Cash flows from Investing activities
Proceeds from Sale of e
ment
Purchase of Fixed Assets
Interest Received
Dividend received
Net cash from Investin
112,0301
20,577
7,108
Activit
8.547
7.108
Cash flows from finance activities
Interest
aid
Re
ment of borrowin
Dividends
aid
Net cash from financin
activi
Net increase/decrease in cash and cash e
uivalents
886.153
10.237
Cash and cash e
uivalents at be
innin
ear
401.956
391.719
Cash and cash e
uivalents at the end of the
ear
1,288.109
401.956
Bank and Cash balances
Short term de
osits
1,034,746
253,363
153,728
248,228
181PaEe

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Basis of preparatlon
Basis of accounting
These accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant notels) to these
accounts, accordance with the Statement of Recommended Practice.. Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on l January 2019 and
with the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021.
The financial statement5 have been piepared to give a 'true and fair. view and have departed
from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to
provide a 'true and fair view, This departure has involved following 'Accounting and Reportirsg
by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 1021 Igecond Editionl'rather than the Accounting and Reporting by Charities:
Statement of Recommended Practice effective from 1 April 2005 which has since been
withdrawn.
They do not include the accounts of church groups that owe their affiliation to another bodv,
nor those which are informal gatherings of church members.
Going concern
At the time of approving the accounts the Trustees have a reasonable expectation that the
charity has sufficient reserves and that the charity Is a going concern.
Changes in basis of accounting
There have been no changes to the basis of accounting.
Changes to previous accounts
There have been no changes to the previous accounts
Accounting policies
Funds accounting
Funds held by the PCC are..
Unrestrlcted funds- general funds which can be used for PCC ordinary purposes.
Designated funds - monies set aside by the PCC out of unrestricted funds for specific future
maintenance purposes or projects.
191Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & 5T. PAUL, ALDEBURGH
REPORT OF THETRUSTEES FOR THE YEAR ENDED 315TDECEMBER 2024
Restricted funds-
income from trusts or endowments which may be expended only on those restricted
objects provided in the terms of the trust or bequest,.
donations or grants received for a specilic object or invited by the PCC for a specific
object.
bl
The funds may only be expended on the specific object for which theywere given. Any balance
remaining unspent at the end of the year is carried forward as a balance on that fund.
Endowment funds - funds the capital of which must be maintained. only income arising from
the investment of the endowment may be used, either as restricted or unrestricted funds,
depending on the purpose set out in the terms of the original endowment.
Incoming resources
All incoming resources are accounted for gross.
2.2a
Voluntar
Income
Collections are recognised when received.
Planned giving receivable Is recognised only when received.
Car park donations are recognised when received
Income tax recoverable on Gift Aid donations is recognised when the donation is received and
an amount estimated as due but not received is accrued for.
Grants and legacies are recognlsed when the PCC is legally entitled to the amount due.
2.2b Income from investments
Interest is accounted for as it accrues.
2.2c
All other income
All other income is recognised when it is receivable.
2.2d Gains and105ses on investments
Realised gains are recognised when the investments are sold. Unrealised gains and losses are
accounted for on revaluation on 31 December.
Resources used
Resources expended are accounted for on an accruals basis and are accounted for gr055.
2.3a
Grants and donations
20IPage

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Grants and donations are accounted for when paid over, or when awarded where the award
creates a binding obligation on the PCC.
2.3b Church Activitie5
The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid
at 31 December is provided for in these accounts as an operational Ithough not a legall liability
and is shown as a creditor in the balance sheet
Fixed Assets
Church Hall and Fairfield Centre Buildin
Commencing in 2000, depreciation is being provided on the building5 of the Church Hall and
Fairfield Centre. The depreciation raters are. Church hall 4Yo of valuation, Fairfield Centre
2%- 5% of cost.
The car park resurfacing is being depreciated at IO% of cost. No revaluation of the buildings
has taken place subsequently. No revaluation of the buildinES has taken place subsequently.
Investments
Investments are valued at the market value at 315t December in the applicable year.
Consecrated ro
ert
and moveable Church furnishin
Consecrated and benetice property is excluded from the financial statements by SIOl2llal of
the Charities Act 2011.
Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC
I, and which reqLJlre a faculty for disposal, are accounted for as inalienable property unless
consecrated and listed in the Church inventory which can be inspected at any reasonable time.
Foe inalienable property acquired prior to 2000 there is Insufficient cost information available
and therefore such assets are not valued in these accounts. Any items acquired since I
January 2009 have been capitalised and depreciated in the accounts over their currently
anticipated useful economic life, usually 4 years on a straight line basis.
Other fixtures fithn
sande
ment
Individual items of equipment with a purchase price of up to £2,500 are written off when the
asset Is acquired.
The Steinway piano has been capitalised at purchase price and h35 been depreciated to its
estimated minimum residual value of £20,000
All expenditure incurred on consecrated or benetice buildings, any individual items under
£2,500 tost or the repairs top moveable church buildinES acquired before I" January 2001 is
written off.
21 |Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024
Investments
Investments are stated at market value at the balance sheet date.
Current Assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown
a debtor less provision for amounts that the PCC believe may prove uncollectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds,
or at the bank.
Current liabllltles
Any known liabilities at the year end are provided for together with an estimate of Gas and
Electricity used but not billed. Annual payments such as for insurance are charged in full when
paid,
Taxation
As a registered Charity, the organisation is not liable for Corporation tax. VAT Incurred is not
recoverable and costs shown include any VAT or other taxes incL¢rred.
221Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL. ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315TDECEMBER 2024
Analysis of Income
Unaudited
Total 2024 Total 2023
Unrestricted Designated
Restricted
3.1 Donations and Legacles
Planned Giving
Collections
Other donations
Income tax recoverable
Legacies
Total donations and legacies
35,210
15,075
8,220
6,000
4,000
68,506
35,210
15,075
8,220
6.000
1,012,000
1,076,506
31,333
11,754
5,399
10,755
200
59,441
1,008,000
1,008,000
3.2 Charitsble Activities
Book Stall
Church and Hall letttng
Fee5 from Life events
Parish Magazine
Car Park
other Income
Total charitable activities
1,121
9,230
15,662
1,121
18,295
15.662
9,065
20,167
21,362
20,262
169
46,445
20,262
169
55,510
19,171
1,793
62,457
9,065
3.3 Other Trading Activities
Fundraising
11,516
11,516
4,662
3.4 Other Income
2,000
2,000
2,125
3.5 Investments
Interest received
5,977
14,600
20,577
7,108
Total Income
134,444
1,031,665
1,166,109
135,793
231Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THETRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Analysis of Expenditure
Unaudited
Total 2024 Total 2023
Unrestricted Designated
Restricted
4 Expenditure
4.1 Fundraising Costs
4.2 Charitable Activities
Mission & Charity giving
Diocesan Share
Clergy & Ministry costs
Administration costs
Church Running costs
Church maintenance
Upkeep of services
Hall running costs
Life event fees
Depreciation
Administration Costs
Fairfield Centre operation
3,366
53,293
6,186
33,949
5,743
11,204
24,870
3,366
53,293
6,186
43,949
5,743
11,204
24,870
4,169
1,641
11,068
7,998
14,394
4,644
52,615
2,848
25.128
12,076
10,707
8,660
14,190
4,531
9,865
10,000
4,169
1,641
9,865
7,998
14,394
1,203
11,519
Totsl Charltsble costs
172,509
14,169
1,203
187,881
156,783
Total Expendlture
172,957
14,169
1,203
188,329
156,783
Administration costs include payment to the Auditor of £17,40012023 £150 to the independent
Examiner)
Staff Costs
Unaudited
2023
2024
Wages and salaries
Salary
26,549
25,128
The number of staff employed is 4. All are part time and no one is paid more than £60,00012023 nil)
The Charity is exempt from paying Employers Nl contributions under the small business provisions.
The Rector is employed by St Edmundsbury Diocese, the PCC pay her expenses incurred. The total
payment to her and the 2 other non stipendiary Ministers was £5,985
No trustee has claimed out of pocket expenses although some have made purchases on behalf of the
Church and submitted receipts for reimbursement.12023 nil)
241Page

THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Fixed asset5
Church
Hall and
Land
Falrlleld
Centre
Plant &
Machlnery
Total
CostOI.01.2024
118,890
75,243
103,748
297.881
Additions
12,030
Tolal 31.12.2024
130,920
75,243
103,748
309,911
Depreclation
Depreciation
01.01.2024
79,506
39.727
83,748
202.981
Depreciation In year
Depreclatlon
31.12.2024
9,563
1,505
11,068
89,069
41,232
83,748
214,049
Netbookvalue 01.01.2024
39,384
35,516
20,000
94,900
Net bookvalue 31.12.2024
41,851
34,011
20,000
95,862
Investments
The investment is an account held with CCLA and revalued each year. Other surplus funds are held
on various interest bearing deposit accounts.
Market Value l January 2024
Net gain and revaluation
Market value as at 31 December 2024
248,228
5,135
253,363
Debtors
Unaudited
2023
2024
Prepayments and accrued income
114,000
Total
114,000
251Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Creditors
Unaudited
2023
2024
Accruals
18,200
Total
18,200
Accruals accounting has been used for the first time for 2024 a5 a result of the change in accounting
rules applicable after the legacy was received.
io.
Related party transactlons
The Trustees are all regular worshippers at the Church and as such commit regular giving to the Church.
As such their giving is as Christian worshippers rather than Trustees. It is not Possible to calculate how
much this totals but no individual gives more than £1,500 per year.
The Charity forms part of the Diocese of St Edmundsbury and Ipswich. A charge is allocated by the
Diocese to cover the costs of stipendiary Ministers and the support from the Diocese. In 2024, the
allocation was £53,29312023 £52,615). In both years the share was paid in full.
Church of England sets a series of charges for Weddings and funerals and part of this charge is made
by the Diocese to contribute to Costs of Ministers and the balance to PCC'S to cover the cost of
upkeeping the Church the services are held in. In 2024, the Church received £15,662 in Fees12023
£21,362)
ii.
statement of funds
Unaudlted
01.01.24
Income
Expendlture
Galn
31.12.24
Unreslrlcted & Designated
Church
128,137
134,444
172,957
5,135
94,759
Falrfield Church IDesl
17,368
17,368
Fairfield (Desl
1,288
9,065
4.169
6,184
Legacy IDesigl
1,022,600
- 10,000
1,012,600
Total
146,793
1,166,109
187,126
5,135
1,130,911
261Page

THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31sTDECEMBER 2024
Restrlcted
Art
452
452
Charltable Giving
6,019
6,019
Church House
3,477
3,477
Fabric
6.344
6,344
Fabrication
99,718
99,718
Glass Doors
462
462
Church Hall Ramp
12,170
1,203
10,967
Hazell Memorial Choirfund
1,420
1.420
Margaret Smith LeEacy
893
893
Margaretwilliams Legacy
5,000
5,000
Mildred Page legacy
Plea5ence Partrldge Fabric
legacy
108
108
170.071
170,071
Projection system
523
523
Roof
36
36
Sheila Stainton
2,7SO
2,750
Stacy Lltergical
12,378
12,378
Trinlty Chapel Altar Cloth
3,000
3,000
Vlcars and CWTrust
108
108
Youth Club
1,263
1,263
Total
326,192
1,203
324,989
Endowment
Church House
23,871
23,871
Total
23,871
23,871
271Page

THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sYDECEMBER 2024
Total Fund5 held
Total
496,856
1,166,109
188,329
-5,135
1,479,771
Income and expenditure is recorded separately for Fairfield Centre, they malntain their own fund,
but this forms part of the Charity Assets.
The Legacy received has been placed in a designated fijnd to be used for Church Improvements
upgrades.
There are numerous restricted funds which have been in plate for some time, with little or no
movement. Ther Rector and senior officers are in contact with some Ex Rectors to try and build a full
understanding of why this money was given and what it can be used for.
12.
Reconciliation of funds
Fund balances as at 31 December 2024 represented by:
Unrestricted
85,035
Deslgnated
Restricted
10,827
253,363
84.670
Total
95,862
253,363
1,148,746
118,2001
Flxed Asset5
Investments
Current assets
Current
liabilities
Total
17,924
18,2001
1,046,152
iio,0001
94,759
1,036,152
348,860
1,479,771
Fund balances as at 31 December 2023 represented by:
Unaudited
Total
94,900
248,228
153,728
496,856
Unrestricted
94,900
Designated
Restricted
Fixed Assets
Investments
Current assets
Total
248,228
101,835
350,063
33,237
128,137
18,656
18,656
281Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315TDECEMBER 2024
13.Reconciliation of net income/{expenditure) to net cash flow from operating activities
Unaudited
2023
(20.990)
2024
Net income l(expenditure) for the reporting period (as
er the statement of financial activities
Ad'ustments for:
De
reciation char
IGainsl1losses on investments
Dividends and interest received
(Loss}/ rofit of sale of fixed assets
{Increasel/Decrease in debtors
Increase/lDecreasel in creditors
Net cash rovided b I (used inl o
977.780
11,068
5,135
120,577)
9,865
21,362
17,1081
1114,0001
18,200
877,606
eratin
activities
3,129
291Page

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. PETER & ST. PAUL, ALDEBURGH
REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31srDECEMBER 2024
30IPage