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Sheffield St. Mark Broomhill
(Registered charity number 1128758)
Financial Statements
of the Parochial Church Council of The Ecclesiastical Parish of St Mark’s Broomhill, Sheffield for the year ended 31 December 2024
Incumbent:
Revd Sue Hammersley (to January 2024) Vacancy between January 2024 & February 2025 Revd Dr Beth Keith (from February 2025)
Honorary Treasurer: Mr David Armstrong
Bank:
HSBC Bank plc Sheffield
Independent Examiner:
Julie Holderness Roddis Taylor Robinson Chartered Accountants
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Final with signatures and report v4.0
Sheffield St Mark Broomhill
Annual Financial Report of the Parochial Church Council for the year ended 31 December 2024
Administrative information
St Mark’s Church is situated in Broomhill, Sheffield, next to the Royal Hallamshire Hospital. It is part of the Diocese of Sheffield within the Church of England. The correspondence address is the Vicarage, 4 St Mark’s Crescent, Sheffield S10 2SG.
St Mark’s Parochial Church Council (“PCC”) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity (no. 1128758). Members of the PCC are either ex officio, elected by the Annual Parochial Church Meeting (“APCM”) or co-opted. The last APCM was on 28th April 2024, the next APCM is on 27th April 2025. PCC members who have served at any time during 2024 until the date of this report are:
| Clergy | Incumbent: | Liberal Theologian | Assist. Priest | |
|---|---|---|---|---|
| Revd Sue Hammersley(to Jan24) | Revd Dr Beth Keith | Revd Shan Rush | ||
| Wardens: | James Oliver | Dilys Noble | ||
| Representatives on the Deanery & Diocesan Synods: | Representatives on the Deanery Synod: | |||
| David Armstrong | James Morgan(from Nov) | Chris Ware | Robyn Vesey | |
| Readers | Anne Padget | Jonathan Williamson | ||
| Elected members: | 2024 | PCC | 2023 PCC | |
| Jane Padget | Nana Nyarko | David Armstrong | Martin Godley | |
| Joy Straits | Briony Tayler | Mike Hunt | Nana Nyarko | |
| Rachel Heginbotham | Bekah Hampson (secretary) | Amanda Pilkington | Briony Tayler | |
| Boyd Morgan | Katherine Tattersall | Chris Ware | Katherine Tattershall | |
| Mike Hunt | Amanda Pilkington | Joy Straits | Boyd Morgan | |
| Martin Godley | Frances Gray | Rachel Heginbotham | Bekah Hampson | |
| (from October 2023) | ||||
| Co-opted | None |
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
Objectives and activities
The PCC has the responsibility of cooperating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are to be spent
The PCC also operates through a number of committees that meet between full meetings of the PCC. These are: Standing (with the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC), Finance and Fabric, Faith and Justice - currently operating as Home & International Donations and Environment, Communications, Children, Young People and Students (CHYPS), Pastoral and Hospitality, Study & Learning, Worship.
Church Attendance
As reported at the last APCM there were 178 on the Church Electoral Roll. Details of changes in the Roll will be notified at the next APCM.
The average Sunday attendance at both in-person services in October 2024 was 133 (161). This number increased significantly at festivals.
Review of the year
The report on the activity of the PCC during the year together with reports from the clergy, wardens, the above mentioned PCC committees and other groups within the Church are given in the Annual Report for the year, published separately to this Annual Financial Report.
Payments to PCC members, persons closely related them or other related parties
PCC members receiving payments from the PCC during the year included the Vicar, Liberal Theologian and Assistant Priest (see notes 5(d) for details of their expenses). They did not participate in discussions concerning payments made to them. Any payments or expenses were paid to any other PCC member, persons closely connected to them or other related parties are noted within the accounts.
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Sheffield St Mark Broomhill
Annual Financial Report of the Parochial Church Council for the year ended 31 December 2024
Reserves
General Cash Reserves £44,931
(2023 £33,660)
Unrestricted general cash reserves at 31 December 2024 are shown above (with last years figure for comparison). The PCC has a policy to maintain sufficient general reserves to cover at least three month’s unrestricted payments (c£30,000). It is the PCC’s policy to invest deposit fund balances with HSBC (current or deposit accounts) or the CCLA Church of England Deposit Fund.
Investments
Total Investments
£504,538
(2023 £495,965)
Total investments as at 31 December are shown above (with last years figure for comparison).
All Investments are held with CCLA. Dividends provide income either directly to the general fund or to fabric reserves/deposit accouints. These investments are held for the income they generate rather than the capital value. This value is expected to fluctuate over time. Social Investments are also held with Sheffield Credit Union. These do not generate significant financial returns The Investment Analysis section gives more details
Legacies
During 2024 we received the following legacies. These are included in section 4d in the main accounts.
From the late Doreen Godden £18,833
This legacy was conditional to be used for Fabric works. It has been placed in the Restricted Fund, general reserves whilst the PCC considers how it should be utilised. From the late Pam Gould £1,000
This legacy was unconditional as to its use and has been placed in the Designated Fund, general reserves whilst the PCC considers how it should be utilised.
Fixed Assets During 2024 funds were spent on a number of items that are classified as fixed assets and are depreciated over time. These were:
Building, Property and Organ Improvements
None £0 £0 Fixtures, Fittings and Equipment New notice boards £1,584 Heated cushions £644 TOTAL £2,228
Financial Review (from the 2024 Financial Statements)
During 2024 income and expenditure just about balanced.
We spent less on maintenance than expected as the approvals were not complete to allow the renewal of the heating in the upper room. This allowed less legacy money to be used to fund the full time Associate Vicar role leaving more available for future projects. In the second half of 2024 a stewardship campaign was carried out. This has significantly increased regular income which will be obvious in 2025. This has in turn allowed a review of additional staffing options to be investigated. This will hopefully see an appointment in 2025.
Room bookings continue to grow and generate additional income.
The grant of £6,000 that we received form the Church Burgesses Educational Foundation helped to fund the Family Worker role allowing funds to be used elsewhere.
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St Mark's PCC Accounts For the year ended 31 December 2024 Budget Compare - GENERAL FUND ONLY
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| Income Donated income Parish Giving Scheme donations Gift Aid recovered PGS Other Planned giving Gift aid on other donations Cash Donations Web donations Wall box Card Donations Sundry Donations Activities for generating funds Car park Other Income Income from investments Church and room hire PV Panel feed in tariff Fees Home from Home income TOTAL Expenditure Donations International Donations Home Donations Soup Run Ministry Diocesan Common Fund Vicarage Water / Sewage Charges Vicar's discretionary fund Vicars expenses Vicarage gas & electricity Liberal Theologian - expenses Liberal Theologian - house rent Liberal Theologian - Council Tax Liberal Theologian - stipend etc Water / Sewage and alarm maintenance Vacancy admin support Assistant Priest Expenses Visiting clergy and speakers Children and Youth work Lay training and visits Student and Young Adult work Pastoral Expenses Church conference/Parish weekend Running Costs Gas Electricity Water & Sewage Church repairs and maintenance Planned repairs and maintenance Post & Printing Printing / Copyright Licences IT Support Telephones & Broadband Copier Grounds maintenance Waste collection Cleaning materials Insurance Premium Cleaning Caretaker Family Worker Administrator Services Director of Music (Payroll etc) Organ / Piano Tuning and Repair Music Expenses Organist / Organ Practice Fees Sanctuary expenses Library books & Cards Accounting Costs Sundry expenses Trips and Events Home from Home expenses Depreciation Lift Maintenance Burglar Alarm maintenance PAT Testing Fire Alarm maintenance Boiler maintenance Fire extinguisher maintenance Payroll Bureau Charges Gifts and Presentations Refreshments Bank and card charges Special Expenditure |
2024 Budget 2024 Actual 107,000 111,330 26,500 27,535 36,000 35,585 11,000 7,975 600 515 600 1,437 1,200 1,082 3,600 3,489 7,000 4,499 11,496 12,731 10,000 10,425 13,000 13,828 3,800 - 1,500 2,300 5,400 5,700 238,696 238,431 9,100 9,100 9,100 9,100 156 73,200 73,200 900 896 - - 500 392 - 473 1,200 735 5,350 5,000 2,800 2,773 16,200 28,311 1,350 774 3,000 660 410 310 200 - 1,000 1,167 500 - 250 - - - - 2,100 1,919 11,300 11,358 1,200 756 2,400 7,066 8,600 - 1,500 1,123 1,050 895 300 635 900 1,080 1,000 924 1,450 1,260 450 410 900 - 6,450 6,263 7,700 8,106 9,100 9,139 19,400 13,224 18,600 18,556 15,900 15,658 1,350 1,192 449 1,028 750 435 900 1,205 75 17 1,350 1,313 425 1,308 - - 800 2,040 1,320 1,498 850 456 600 179 250 - 600 428 350 130 350 340 650 551 200 - 400 - 175 - - - 247,204 243,539 |
Difference %age 4,330 4% 1,035 4% 415 - -1% 3,025 - -28% 85 - -14% 837 140% 118 - -10% 111 - -3% 2,501 - -36% 1,235 11% 425 4% 828 6% 3,800 - -100% 800 53% 300 6% 265 - - 0% - 0% 156 - 0% 4 - 0% - 108 - -22% 473 465 - -39% 350 - -7% 27 - -1% 12,111 75% 576 - -43% 2,340 - -78% 100 - -24% 200 - -100% 167 17% 500 - -100% 250 - -100% - - 181 - -9% 58 1% 444 - -37% 4,666 194% 8,600 - -100% 377 - -25% 155 - -15% 335 112% 180 20% 76 - -8% 190 - -13% 40 - -9% 900 - -100% 187 - -3% 406 5% 39 0% 6,176 - -32% 44 - 0% 242 - -2% 158 - -12% 579 129% 315 - -42% 305 34% 58 - -77% 37 - -3% 883 208% - 1,240 155% 178 13% 394 - -46% 421 - -70% 250 - -100% 172 - -29% 220 - -63% 10 - -3% 99 - -15% 200 - -100% 400 - -100% 175 - -100% - 2,890 - |
|---|---|---|
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Sheffield St. Mark Broomhill
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Statement of Financial Activities
| Sheffield St. Mark Broomhill Statement of Financial Activities |
Fina | l with signat | ures an | d repo | rt v4.0 | |||
|---|---|---|---|---|---|---|---|---|
| For the year ended 31 December 2024 Note Income and Endowments Voluntary income 2.a Activities for generating funds 2.b Income from investments 2.c Church activities 2.d Total Income Expenditure Church Activities 3.a Cost of raising funds 3.b Total Expenditure Net Income/(Expenditure) Before Investment Gains/(Losses) Net Gains and Losses on Investments Net Income /(Expenditure) Net Movement in Funds Balances Brought Forward at 1 January 2024 (2023) Balances Carried Forward at 31 December 2024 (2023) |
2024 | Total Funds 2024 £ 226,269 12,731 20,892 25,924 285,816 292,171 - 292,171 (6,355) 11,638 5,283 5,283 783,652 788,935 |
2023 | |||||
| Unrestricted Funds General Designated £ £ 193,410 7,163 12,731 - 16,125 2,182 21,114 530 243,380 9,875 243,539 35,803 - - 243,539 35,803 (159) (25,928) - 6,808 (159) (19,120) (159) (19,120) 51,098 449,505 50,939 430,385 |
Restricted Funds £ 25,696 - 2,585 4,280 32,561 12,829 - 12,829 19,732 1,046 20,778 20,778 132,351 153,129 |
Endowment Funds £ - - - - - - - - - 3,784 3,784 3,784 150,698 154,482 |
Unrestricted Funds General Designated £ £ 193,850 10,406 11,979 - 14,219 1,812 19,348 7,844 239,396 20,062 231,399 31,439 - 1,565 231,399 33,004 7,997 (12,942) - 22,591 7,997 9,649 7,997 9,649 43,101 439,856 51,098 449,505 |
Restricted Funds £ 2,387 - 2,290 2,270 6,947 10,645 - 10,645 (3,698) 3,459 (239) (239) 132,590 132,351 |
Endowment Funds £ - - - - - - - - - 13,365 13,365 13,365 137,333 150,698 |
Total Funds 2023 £ 206,643 11,979 18,321 29,462 266,405 273,483 1,565 275,048 (8,643) 39,415 30,772 30,772 752,880 783,652 |
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Sheffield St. Mark Broomhill
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Balance Sheet at 31 December 2024
| Note Fixed Assets Tangible Fixed Assets 7.a Building and organ improvements Major redecoration Fixtures, fittings & equipment Investments 7.c Parochial Church Council property Trust funds administered by the PCC Social investments 7.b Current Assets Monetary Assets and Debtors 7.d Cash at bank and in hand Deposit accounts Debtors and prepayments Liabilities: Amounts falling due within one year Accruals and deferred income 7.e Net Current Assets Net Assets Represented by: Funds 8 Unrestricted Restricted Endowment |
2024 £ £ 146,533 - 4,435 150,968 312,389 137,117 55,032 504,538 11,453 133,400 2,813 147,666 (14,237) 133,429 788,935 481,324 153,129 154,482 788,935 |
2023 £ £ 165,659 - 5,093 170,752 304,148 133,721 58,096 495,965 8,977 107,904 3,280 120,161 (3,226) 116,935 783,652 500,603 132,351 150,698 783,652 |
|---|---|---|
Approved by the Parochial Church Council on and signed on its behalf by:
Beth Keith (Vicar & chair of PCC)
David Armstrong (Honorary Treasurer)
The notes on pages 7 to 26 form part of these accounts
Page 7 of 27
Sheffield St. Mark Broomhill Notes to the financial statements For the year ended 31 December 2024
1 Accounting Policy
The PCC is a public benefit entity within the meaning FRS102 (Financial Reporting Standard). The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations ‘true and fair view’ provisions. They are also prepared under the applicable accounting standards and the current statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)).
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. The purposes of any restricted and endowment funds are noted in the accounts at note 8.
The accounts include transactions, assets and liabilities for which the PCC can be held responsible.
Income
This is included in the Statement of Financial Activities (“SOFA”) when: (1) the PCC becomes legally entitled to the benefit of use of the resources; (2) an inflow of economic benefit is probable, and; (3) the monetary value can be measured with sufficient reliability.
-
Voluntary income and capital sources
-
Collections are recognised when made.
-
Amounts receivable under Gift Aid are recognised only when honoured by the giver.
-
Income tax recoverable on Gift Aid donations is recognised only when claimable.
-
Grants and bequests to the PCC are accounted for when the amount is payable.
-
Income from fund raising events is accounted for gross.
The sale of books and magazines from the church bookstall are accounted for gross.
Income from church activities
-
Income from the hire of the church premises is accounted for on an event by event basis after deduction of caretaking services.
-
Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.
Income from investments - Dividends and interest are accounted for when due.
Investment gains and losses - Unrealised gains or losses are accounted for on the revaluation of investments at 31 December
Expenditure and liabilities These are recognised as soon as an outflow of economic benefit is probable.
Grants and donations Grants and donations are accounted for when payable.
Church activities The Common Fund and Associate Vicar contributions to the Diocese are accounted for when payable.
Pension costs and other post retirement benefits The PCC operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the SOFA in the period to which they relate
Fixed assets
Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property (the church buildings and grounds) is excluded from the accounts by the Charities Act 2011.
The building and organ improvements and moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (either over 25 or 10 years) on a straight-line basis. All expenditure incurred in the year on consecrated buildings or beneficed building (excluding building and organ improvements, asbestos stabilisation and redecoration), individual items under £500 (discretionary limit) or on the repair of moveable church furnishings is written-off.
Other fixtures, fittings and office equipment
Items used within the church premises are depreciated on a straight-line basis over four years. Individual items of equipment with a purchase value of £500 (discretionary limit) or less or repairs are written off in the period in the year.
Equipment rentals are paid and charged as they are incurred.
Investments Investments are valued at market value at 31 December.
Net current assets
Amounts owing to the PCC at 31 December in respect of fees, rents and room hire or other income are shown as debtors if the individual debts are greater than £500 or otherwise on a discretionary basis if required. Costs and expenses payable by the PCC at 31 December are accrued if the individual amounts are greater than £500 or otherwise on a discretionary basis if required.
Stocks of books and consumables are written off in the year acquired if their remaining cost or net realisable value is less than £500.
Deposit accounts include cash held on deposit with the Central Board of Finance of the Church of England, the Sheffield Credit Union or at the Bank.
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Sheffield St. Mark Broomhill
Notes to the financial statements
| For the year ended 31 December 2024 | For the year ended 31 December 2024 | For the year ended 31 December 2024 | 2024 | 2023 | 2023 | 2023 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Funds | Unrestricted Funds | **Restricted ** | Endowment | Total Funds | Unrestricted Funds | Restricted | Endowment | Total Funds | |||||||||||||||
| General | Designated | Funds | Funds | 2024 | General | Designated | Funds | Funds | 2023 | ||||||||||||||
| Note | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |||||||||||||
| 2 | Income and Endowments | ||||||||||||||||||||||
| 2.a | Voluntary income | ||||||||||||||||||||||
| Planned giving & Gift Aid | 4.a | 182,425 | 163 | - | - | 182,588 | 181,145 | 421 | - | - | 181,566 | ||||||||||||
| Card donations | 3,489 | - | - | - | 3,489 | ||||||||||||||||||
| Cash donations | 515 | - | - | - | 515 | 4,340 | 20 | - | - | 4,360 | |||||||||||||
| Wall box | 1,082 | - | - | - | 1,082 | ||||||||||||||||||
| Web Giving | 1,437 | - | - | - | 1,437 | 393 | - | - | - | 393 | |||||||||||||
| Grants received | 4.b | - | 6,000 | 3,180 | - | 9,180 | 1,150 | - | - | - | 1,150 | ||||||||||||
| Donations, appeals, etc | 4.c | - | - | 3,683 | - | 3,683 | - | - | 2,387 | - | 2,387 | ||||||||||||
| Legacies and bequests | 4.d | - | 1,000 | 18,833 | - | 19,833 | - | 9,965 | - | - | 9,965 | ||||||||||||
| Sundry donations | 4,462 | - | - | - | 4,462 | 6,822 | - | - | - | 6,822 | |||||||||||||
| 2.a | TOTAL | 193,410 | 7,163 | 25,696 | - | 226,269 | 193,850 | 10,406 | 2,387 | - | 206,643 | ||||||||||||
| 2.b | Activities for generating funds | ||||||||||||||||||||||
| Car park | 12,731 | - | - | - | 12,731 | 11,979 | - | - | - | 11,979 | |||||||||||||
| Fund raising events & activities | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| 2.b | TOTAL | 12,731 | - | - | - | 12,731 | 11,979 | - | - | - | 11,979 | ||||||||||||
| All fund raising in 2023 was towards the Diamond Anniversary appeal shown below. | All fund raising in 2023 was towards the Diamond Anniversary appeal shown below. | All fund raising in 2023 was towards the Diamond Anniversary appeal shown below. | All fund raising in 2023 was towards the Diamond Anniversary appeal shown below. | All fund raising in 2023 was towards the Diamond Anniversary appeal shown below. | |||||||||||||||||||
| 2.c | Income from investments | ||||||||||||||||||||||
| Dividends | 9,640 | 914 | 2,081 | - | 12,635 | 9,466 | 898 | 2,055 | - | 12,419 | |||||||||||||
| Interest | 785 | 1,268 | 504 | - | 2,557 | 553 | 914 | 235 | - | 1,702 | |||||||||||||
| Home from Home rental income | 5,700 | - | - | - | 5,700 | 4,200 | - | - | - | 4,200 | |||||||||||||
| 2.c | TOTAL | 16,125 | 2,182 | 2,585 | - | 20,892 | 14,219 | 1,812 | 2,290 | - | 18,321 | ||||||||||||
| 2.d | Church activities | ||||||||||||||||||||||
| Church and room hire | 13,828 | - | - | - | 13,828 | 12,160 | - | - | - | 12,160 | |||||||||||||
| PV (solar) Panel - Feed in Tariff income | 4,949 | - | - | - | 4,949 | 5,107 | - | - | - | 5,107 | |||||||||||||
| Fees for weddings and funerals | 2,300 | - | - | - | 2,300 | 1,844 | - | - | - | 1,844 | |||||||||||||
| Parish Weekend Income | 5.j | - | - | 2,180 | - | 2,180 | - | - | - | - | - | ||||||||||||
| Children's choir donations | 5.l | - | - | 2,000 | - | 2,000 | - | - | - | - | - | ||||||||||||
| Diamond Anniversary income | - | 330 | - | - | 330 | - | 7,844 | - | - | 7,844 | |||||||||||||
| Choral scholarship receipts | 5.k | - | 200 | 100 | - | 300 | - | - | - | - | - | ||||||||||||
| Printing income | 37 | - | - | - | 37 | 187 | - | - | - | 187 | |||||||||||||
| Magazines and sundry publications | - | - | - | - | - | 50 | - | - | - | 50 | |||||||||||||
| Insurance claims | - | - | - | - | - | - | - | 2,270 | - | 2,270 | |||||||||||||
| 2.d | TOTAL | 21,114 | 530 | 4,280 | - | 25,924 | 19,348 | 7,844 | 2,270 | - | 29,462 | ||||||||||||
| Total Incoming Resources | 243,380 | 9,875 | 32,561 | - | 285,816 | 239,396 | 20,062 | 6,947 | - | 266,405 |
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Sheffield St. Mark Broomhill
Notes to the financial statements
----- Start of picture text -----
For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
3 Expenditure
3.a Church Activities
Outreach 5.a 18,356 - 3,683 - 22,039 22,119 - 2,387 - 24,506
Diocese 5.b 73,200 - - - 73,200 70,000 - - - 70,000
Staff costs 5.c 64,113 6,000 - - 70,113 57,127 7,145 1,798 - 66,070
Clergy costs 5.d 39,664 12,381 - - 52,045 34,543 - - - 34,543
Utilities 5.e 21,786 - - - 21,786 21,877 - - - 21,877
Running costs 5.f 22,288 - - - 22,288 21,986 - - - 21,986
Other ministry 5.g 1,167 - 801 - 1,968 918 370 400 - 1,688
- -
Depreciation on building and organ 1,498 17,422 6,156 25,076 2,017 22,139 6,060 30,216
Sundries 5.h 1,467 - 2,189 - 3,656 812 1,785 - - 2,597
3.a TOTAL 243,539 35,803 12,829 - 292,171 231,399 31,439 10,645 - 273,483
3.b Cost of raising funds
- - - - - - - -
Diamond Anniversary expenses 1,565 1,565
3.b TOTAL - - - - - - 1,565 - - 1,565
-
Total Expenditure less depreciation 242,041 18,381 6,673 267,095
- - - These calculations are to give an idea of surplus or deficit ignoring
Cost of capitalised new assets 2,228 2,228
- the effect of capitalisation and are for illustrative purposes only.
Total expenditure excluding capitalisation 244,269 18,381 6,673 269,323
This is the same as the movement in net current assets seen on the
- balance sheet.
Surplus / (Deficit) excluding capitalisation (889) (8,506) 25,888 16,493
- -
Total Resources Expended 243,539 35,803 12,829 292,171 231,399 33,004 10,645 275,048
----- End of picture text -----
Final with signatures and report v4.0
Sheffield St. Mark Broomhill Notes to the financial statements
Page 10 of 27
----- Start of picture text -----
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|For the year ended 31 December 2024|2024|2023|
|Unrestricted Funds|Restricted|Endowment|Total Funds|Unrestricted Funds|Restricted|Endowment|Total Funds|
|General|Designated|Funds|Funds|2024|General|Designated|Funds|Funds|2023|
|Note|£|£|£|£|£|£|£|£|£|£|
|4|Analysis of Incoming Resources|
|4.a|Planned giving & Gift Aid|
|-|-|-|
|Parish Giving Scheme donations|111,330|111,330|-|-|-|
|-|-|-|144,850|144,850|
|Other planned giving|35,585|35,585|
|Gift Aid recovered PGSGift Aid on other donations|27,535 7,975|163 -|--|--|27,535 8,138|36,295|421|-|-|36,716|
|4.a|TOTAL|182,425|163|-|-|182,588|181,145|421|-|-|181,566|
|4.b|Grants|
|Grants received|-|6,000|3,180|-|9,180|1,150|-|-|-|1,150|
|4.b|TOTAL|e|-|s|6,000|3,180|-|9,180|1,150|eee|-|-|-|1,150|
----- End of picture text -----
In 2024 we received a grant from the Church Burgess Educational Foundation to a value of £6,000. This has been fully used to meet the cost of employing the Childrens and Families worker. A grant of £100 was received from the Diocese of Sheffield towards the cost of replacing light bulbs with LEDs. This has not been spent so is included in note 7(e). A grant of £1,100 was received from the Benefact Trust towards the costs of the Children's choir. This has been partly spend, the balance to be carried over to 2025.
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|A grant of £750 was received in 2013 from Waitrose towards the costs of hosting Christmas Lunches. £162 was utilised in 2013 with £100 in 2014, £175 in 2016 and £137 in 2017. This has since been unused|
|since with the unused balance of £176 has been carried forward (as part of Grants Received in Advance shown in note 7(e)).|
|4.c|Donations, appeals etc|
|-|-|-|-|-|-|
|Special Collections|3,683|3,683|2,387|2,387|
|-|-|-|-|-|-|-|-|-|-|
|Specific donations and appeals|
|4.c|TOTAL|e|-|-|3,683|-|e|3,683|-|-|2,387|-|2,387|
|Special collections relate to specific collections for Home and International causes (see note 5(a)).|
|4.d|Legacies and bequests|
|From the late Doreen Godden|-|-|18,833|-|18,833|-|-|-|-|-|
|From the late Pam Gould|-|1,000|-|-|1,000|-|-|-|-|-|
|From the late Gordon Lentell|-|-|-|-|-|-|9,965|-|-|9,965|
|-|-|-|-|-|-|-|-|-|-|
|4.d|TOTAL|-|1,000|18,833|-|19,833|-|9,965|-|-|9,965|
|Bequests|e|1,000|e|18,833|9,965|
|Notes: The bequest from Pam Gould was unconditional. The bequest from Doreen Godden was for fabric use only. Unused funds have been placed in the Designated/Restricted General Reserve deposit account|
|subject to the PCC determining how the funds should be utilised. The funds expended from legacies are detailed in note 9.a|
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
5 Analysis of Resources Expended
5.a Outreach
International Donation Details
Bwindi 910 - - - 910 1,050 - - - 1,050
Care4Calais 910 - - - 910 1,050 - 461 - 1,511
Christian Aid - General 910 - - - 910 1,050 - 805 - 1,855
Global Justice Sheffield (local) 910 - - - 910 1,050 - - - 1,050
Literacy for Life 910 - - - 910 1,050 - - - 1,050
CongoAgri 910 - - - 910 - - - - -
Phase 910 - - - 910 1,050 - - - 1,050
Practical Action (Intermediate Technology Group) 910 - - - 910 1,050 - - - 1,050
Succol 910 - - - 910 1,050 - - - 1,050
USPG 910 - - - 910 1,050 - - - 1,050
Middle Eastern Women & Society Organisation - - - - - 1,050 - - - 1,050
Hope for the future - - - - - 500 - - - 500
- - - - - - - - -
Allocated total 9,100 - - - 9,100 11,000 - 1,266 - 12,266
Special Expenditure
Oxfam - - - - - - - 78 - 78
Christian Aid - - 344 - 344 - - - - -
- - - - - - - - - -
TOTAL 9,100 - 344 - 9,444 11,000 - 1,344 - 12,344
International donations 9,100 - 11,000
Notes: Restricted Fund donations of £344 (2023 £1,344) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £9,100 (2023 £11,000) have been allocated on recommendation of the International Donations Committee and approved by the PCC.
Restricted donations exclude donation made by members of the congregation directly to the charities when an appeal was made.
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
Home donation Details
South Yorkshire Refugee Law and Justice 1,000 - - - 1,000 2,000 - 304 - 2,304
Bens Centre 1,000 - - - 1,000 2,000 - - - 2,000
- - - - - -
Broomhall Girls Youth Group 1,000 1,000 1,000 1,000
- - - - - - - -
Stop Hate UK 1,000 1,000
Nomad 1,000 - - - 1,000 - - - - -
- - - - - - - -
Foundry Crisis fund 1,000 1,000
Vida 1,000 - - - 1,000 - - - - -
- - - - - - - -
St Aidan's church boiler appeal 1,000 1,000
Broomhall centre 500 - - - 500 500 - - - 500
Inclusive Church 500 - - - 500 500 - - - 500
Eco church 75 - - - 75 75 - - - 75
Church Action on Poverty Sheffield (annual sub) 25 - - - 25 25 - - - 25
Citizens Advice Sheffield - - - - - 1,400 - - - 1,400
Fir Vale Hub - - - - - 1,000 - - - 1,000
Mums in need - - - - - 1,000 - - - 1,000
UWA - - - - - 1,000 - - - 1,000
Hope for the future - - - - - 500 - - - 500
Food works - - - - - - - 125 - 125
- - - - - - - -
Allocated total 9,100 - - - 9,100 11,000 - 682 - 11,682
Special Expenditure
- - - - - - - -
Sue Hammersley - leaving gift from collection 2,440 2,440
Nomad 502 - 502 - - - - -
Children's Society - - 251 - 251 - - 108 - 108
S6 Food Bank - - 81 - 81 - - - - -
Assist - - 65 - 65 - - - - -
One Body One Faith - - - - - - - 163 - 163
Lost Chord - - - - - - - 90 - 90
- - - - - - - - - -
TOTAL 9,100 - 3,339 - 12,439 11,000 - 1,043 - 12,043
Home donations 9,100 - 11,000 -
Notes: Restricted Fund donations of £3,339 (2023 £1,043) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £9,100 (2023 £11,000) have been allocated on recommendation of the Home Donations Committee and approved by the PCC.
Restricted donations exclude donation made by members of the congregation directly to the charities when an appeal was made.
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
International Donations total 9,100 - 344 - 9,444 11,000 - 1,344 - 12,344
Home Donations total 9,100 - 3,339 - 12,439 11,000 - 1,043 - 12,043
Soup Run expenses 156 - - - 156 119 - - - 119
5.a TOTAL 18,356 - 3,683 - 22,039 22,119 - 2,387 - 24,506
5.b Diocese
Diocesan Common Fund 73,200 - - - 73,200 70,000 - - - 70,000
5.b TOTAL 73,200 - - - 73,200 70,000 - - - 70,000
Notes: The payment to the Diocese covers the full costs of one member of staff.
5.c Wages and salaries (including employer's National Insurance Contributions (NIC) and expenses)
Family Worker 13,224 6,000 - - 19,224 15,677 866 1,798 - 18,341
Administrator costs 18,556 - - - 18,556 17,092 - - - 17,092
Director of Music 15,658 - - - 15,658 8,700 6,279 - - 14,979
Caretaker 9,139 - - - 9,139 8,929 - - - 8,929
Cleaner costs 7,536 - - - 7,536 6,729 - - - 6,729
5.c TOTAL 64,113 6,000 - - 70,113 57,127 7,145 1,798 - 66,070
Notes: Cleaning costs include the salaries of two part-time employed cleaners, Tim Moore and John Whitmill.
Cleaning materials and supplies are detailed under Cleaning in section 5.f below.
Caretaking costs are reduced when Tim acts as veger/caretaker during weddings or funerals and the costs for his time are recovered through fees.
All the emoluments for each employee are shown above and also included are £nil (2023 £nil) Employer's NIC payments (after Employer's NIC allowances), £1,156 (2023 £1,076) Employer's Pension
Contributions and £nil (2023 £nil) paid in expenses.
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
5.d Clergy Costs
Liberal Theologian
- - - - -
Liberal Theologian's stipend, pension & NIC 28,311 12,381 40,692 20,334 20,334
- - - - - -
Liberal Theologian's house rent 5,000 5,000 5,417 5,417
- - - - - -
Liberal Theologian's council tax 2,773 2,773 2,642 2,642
Liberal Theologian's utilities and alarm maintenance 774 - - - 774 1,176 - - - 1,176
Liberal Theologian's expenses 735 - - - 735 576 - - - 576
Vicar
Vicars Expenses 392 - - - 392 3,138 - - - 3,138
Vicarage water charges 896 - - - 896 841 - - - 841
Vicarage gas & electricity 473 - - - 473 - - - - -
Other clergy
Assistant Priest's expenses 310 - - - 310 327 - - - 327
Visiting clergy and speakers - - - - - 92 - - - 92
5.d TOTAL 39,664 12,381 - - 52,045 34,543 - - - 34,543
Notes: The Liberal Theologian's stipend has been met from a mixture of general and legacy (designated) funds.
The PCC is only liable for the vicarage gas and electricity charges during a vacancy
5.e Utilities
- - - - - -
Electricity charges 11,358 11,358 11,558 11,558
Insurance 6,263 - - - 6,263 6,113 - - - 6,113
- - - - - -
Gas charges 1,919 1,919 1,135 1,135
- - - - - -
Telephones & Broadband 1,080 1,080 1,704 1,704
Water and sewage charges 756 - - - 756 978 - - - 978
Waste collection 410 - - - 410 389 - - - 389
5.e TOTAL 21,786 - - - 21,786 21,877 - - - 21,877
Notes: PV (Solar) panels have been fully operational on the Church roof since 2012. In 2024 Feed in Tariff income of £4,949 (2023 £5,107) was received from surplus electricity generated by the panels (see
note 2(d)). This income helps to offset the annual electricity charges. This figure is the cost before this offset.
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Notes to the financial statements
| tes to the financial statements | g | ||||||
|---|---|---|---|---|---|---|---|
| the year ended 31 December 2024 5.f Running Costs Church repairs and maintenance Home from Home expenses Grounds Sanctuary expenses Organ and piano maintenance Post & Printing Music expenses and RSCM subscription Auditor/Independent Examiner's Fee Copier Lease Costs Printing Licences IT Support Cleaning Payroll Bureau Charges Refreshments Lift maintenance Organist fees Fire Alarm maintenance Fire Extinguisher maintenance Accounting package charges Burglar Alarm maintenance Boiler maintenance Library books PAT Testing 5.f |
Unrestricted Funds General Designated Note £ £ 7,066 - 2,040 - 1,260 - 1,205 - 1,192 - 1,123 - 1,028 - 1,026 - 924 - 895 - 635 - 570 - 551 - 501 - 456 - 435 - 428 - 340 - 287 - 179 - 130 - 17 - - - TOTAL 22,288 - |
2024 | Total Funds 2024 £ 7,066 2,040 1,260 1,205 1,192 1,123 1,028 1,026 924 895 635 570 551 501 456 435 428 340 287 179 130 17 - 22,288 |
2023 | |||
| Restricted Endowment Funds Funds £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Unrestricted Funds General Designated £ £ 3,157 - 285 - 4,800 - 432 - 848 - 1,319 - 612 - 978 - 889 - 996 - 2,114 - 755 - 533 - 396 - 1,020 - 910 - 570 - 331 - 287 - 203 - 295 - 63 - 193 - 21,986 - |
Restricted Endowment Funds Funds £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total Funds 2023 £ 3,157 285 4,800 432 848 1,319 612 978 889 996 2,114 755 533 396 1,020 910 570 331 287 203 295 63 193 21,986 |
For the year ended 31 December 2024
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
5.g Other ministry
Children and youth work 1,167 - - - 1,167 918 - - - 918
Children's choir expenses - - 801 - 801 - - - - -
Assistance from Social Fund - - - - - - - 400 - 400
Grants (Expenditure) - - - - - - 370 - - 370
5.g TOTAL 1,167 - 801 - 1,968 918 370 400 - 1,688
Notes: No grants were made in 2024. In 2023 grants were made from the Mainland/Stamper Bursary funds and the Social fund.
One grant with a total value of £370 was made from the Mainland Bursary Fund towards the cost of organ lessons for our Organ scholar.
Two grants totalling £400 were made from the Social fund during the year.
5.h Sundries
- - - - - - - -
CRC Online expenses 1,776 1,776
Sundry Expenses 5.i 807 - 9 - 816 812 9 - - 821
Vacancy admin support 660 - - - 660
- - - - - - - -
Parish Weekend Expenditure 5.j 2,180 2,180
5.h TOTAL 1,467 - 2,189 - 3,656 812 1,785 - - 2,597
Notes:
CRC Online expenses (2023 only):
These expenses are for the maintenance of the CRC website. This was demised during the year with all funds being used.
5.i Sundry Expenses - breakdown
Performing Rights Society Fees 279 - - - 279 136 - - - 136
Church Flowers 215 - - - 215 192 - - - 192
Gifts and Presentations 165 - - - 165 270 - - - 270
Bank charges 89 - - - 89 93 - - - 93
Card Fees 53 - 9 - 62 48 9 - - 57
Other Sundries 6 - - - 6 73 - - - 73
5.i TOTAL 807 - 9 - 816 812 9 - - 821
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
5.j Church Conference/Parish Weekend Receipts and Payments Summary
Receipts
Parish Weekend Income - - 2,180 - 2,180 - - - - -
- - - - - - - -
2,180 2,180
Payments
- - - - - -
Parish Weekend Expenditure 2,180 2,180
- - - - - - - -
Total net expenditure 2,180 2,180
- - - - - - - - - -
Net (deficit)/surplus to General Fund
Notes: The details above are for the 2024 Mission Area Weekend. As this was for all three parishes in the mission area it was agreed that income and expenditure must balance. As there was a surplus a donation
was made to Christian Aid, to balance income and expenditure.
A surplus of £1,650 (Restricted) is carried forwards from the previous (St Marks only) parish weekends.
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5.k Choral Scholarships
| Receipts Grants received Choral scholarship receipts Total net income Payments Choral scholar expenses Total net expenditure Net carried forward |
- - - - - - - |
- 200 200 - - - 200 |
- 100 100 - - - 100 |
- - - - - - - |
- 300 300 - - - 300 |
- - - - - |
- - - - - - |
- - - - - - |
- - - - - - |
- - - - - - |
|---|---|---|---|---|---|---|---|---|---|---|
Notes: Choral scholarships have been offered to four choir members. These have a maximum value of £500pa and are to be funded by donations and grants.
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Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
Note £ £ £ £ £ £ £ £ £ £
5.l Children's Choir
Receipts
Children's choir donations - - 2,000 - 2,000
Grants received - - 1,100 - 1,100 - - - - -
Total net income - - 3,100 - 3,100 - - - - -
Payments
Children's choir expenses - - 801 - 801 - - - - -
- - - - - - - - -
Portion of Family worker's time for choir
Total net expenditure - - 801 - 801 - - - - -
Net carried forward - - 2,299 - 2,299 - - - - -
Notes: The children's choir is an experiment that will initially run for up to 3 years from October 2024.
Funding to come from donations and grants. Grant received in 2024 from the Benefact trust.
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Notes to the financial statements
2024 2023
For the year ended 31 December 2024
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.a Tangible Fixed Assets
Analysis of Net Book Value by Fund at 31 December 2024 (2023)
Building, Property and Organ Improvements 13,913 44,526 88,094 - 146,533 14,540 56,948 94,171 - 165,659
- - - - - - - - - -
Major redecoration
Fixtures, Fittings and Equipment 2,965 1,470 - - 4,435 2,423 2,670 - - 5,093
Total Net Book Value by Fund 16,878 45,996 88,094 - 150,968 16,963 59,618 94,171 - 170,752
Analysis by asset type Building, Property, Major Fixtures, Fittings Totals Significant assets
Organ Improvements Redecoration and Equipment £
£ £ £ £ Building, Property and Organ Improvements
Actual/Deemed Cost At 1 January 2024 477,659 24,185 132,636 634,480 2002 244,650 Major work in upper room
Additions in year: 2004 12,512 Car park upgrade
Building, Property and Organ Improvements - 2008 9,353 Tower Louvers
None - - - - 2009 14,094 South steps railings
- - - - 2009 7,130 Electrical wiring
- - - - 2011 32,205 PV Panels
- - - - 2011/2 11,144 Underfloor heating
Major redecoration 2012 2,176 Loft insulation
None - - - - 2013 1,512 Spire/tower renovations
Fixtures, Fittings and Equipment 2013 1,367 Wiring upgrade
New notice boards General Funds - - 1,584 1,584 2014/5 115,651 Organ refurbishment
Heated cushions General Funds - - 644 644 2018 76,932 Social house investment
- - - - 2023 4,750 South steps repairs
Disposals 2023 6,629 Wall repairs
None - - - -
Total additions in year - - 2,228 2,228 Fixtures, Fittings & Equipment
total disposals in year - - 2020 21,981 New AV system for church
At 31 December 2024 477,659 24,185 134,864 636,708 2022 3,288 Upper room LED lighting
Depreciation At 1 January 2024 312,001 24,185 127,542 463,728 Major Redecorations
Charge for the year 19,125 - 2,887 22,012 2003 24,185 Asbestos stabilisation
- - - -
eliminated on disposals
At 31 December 2024 331,126 24,185 130,429 485,740
Net Book Value At 31 December 2024 146,533 - 4,435 150,968
At 31 December 2023 165,658 - 5,094 170,752
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Notes to the financial statements
2024 2023
For the year ended 31 December 2024
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.b Social House investment
Analysis of Net Book Value by Fund at 31 December 2024 (2023)
Social Investment - 55,032 - - 55,032 - 58,096 - - 58,096
Total Net Book Value by Fund - 55,032 - - 55,032 - 58,096 - - 58,096
Analysis by asset type Social Investment Totals
£ £ £ £
Actual/Deemed Cost At 1 January 2024 76,440 - - 76,440
Additions in year:
None - - - -
Disposals
None - - - -
- - - -
Total additions in year
- - -
Total disposals in year
At 31 December 2024 76,440 - - 76,440
Depreciation At 1 January 2024 18,344 - - 18,344
Charge for the year 3,064 - 3,064
- -
eliminated on disposals
At 31 December 2024 21,408 - - 21,408
Net Book Value At 31 December 2024 55,032 - - 55,032
At 31 December 2023 58,096 - - 58,096
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In accordance with the Accounting Policies (see page 3), all major expenditure on fixed assets from 1 January 2001 has been capitalised and depreciated annually on a straight line basis (over 25 years for building and Organ improvements and social housing investments, 10 years for major redecorations and 4 years for fixtures, fittings and equipment).
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|---|---|---|---|---|---|---|---|
| Notes to the financial statements For the year ended 31 December 2024 Unrestricted Funds 7 Analysis of Net Assets by Fund (continued) General Designated Note £ £ 7.a Tangible Fixed Assets 16,878 45,996 7.c Investments Social Investments Social House Investment - 55,032 - 55,032 Parochial Church Council property 8.c.i ID1 General Investment - 223,383 ID2 Fabric Investment (Restricted) - - ID3 Fabric Investment (Designated) - 26,546 ID4 Berry Bequest Investment - - ID5 Mainland & Stamper Bursary Investment - 5,950 ID6 Kelk Bequest Investment - - - 255,879 Trust funds administered by the PCC 8.c.ii ID7 Church Hall Charity Investment - - ID8 Miss Thomas Bequest Investment - - ID9 Friends of St Marks Investment - - ID10 Elliott Bequest Investment - - - - Investments Total - 310,911 7.d Reserves General reserves 8.a PCC current account (754) 15,020 ID11 General Reserve deposit account 7.f 45,685 44,004 44,931 59,024 Fabric reserves 8.a & 8.b ID12 Sheffield Credit Union deposit account - 10,861 ID13 Fabric Deposit (Restricted) - - ID14 Miss Thomas Bequest deposit account - - ID15 Fabric Deposit (Designated) - 3,367 - 14,228 Other reserves and accounts 8.b ID16 Social Fund - - ID17 Mainland & Stamper Bursary Deposit Account - 226 ID18 Cash/Undeposited Receipts 145 - 145 226 Reserves Total 45,076 73,478 |
2024 | Total Funds 2024 £ 150,968 55,032 55,032 223,383 39,145 26,546 15,122 5,950 2,243 312,389 75,448 36,118 18,452 7,099 137,117 504,538 11,453 108,643 120,096 10,861 4,965 4,356 3,367 23,549 837 226 145 1,208 144,853 |
2023 | ||||
| Restricted Funds £ 88,094 - - - 39,145 - - - - 39,145 - - - - - 39,145 (2,813) 18,954 16,141 - 4,965 4,356 - 9,321 837 - - 837 26,299 |
Endowment Funds £ - - - - - - 15,122 - 2,243 17,365 75,448 36,118 18,452 7,099 137,117 154,482 - - - - - - - - - - - - - |
Unrestricted Funds General Designated £ £ 16,963 59,618 - 58,096 - 58,096 - 217,417 - - - 25,837 - - - 5,817 - - - 249,071 - - - - - - - - - - - 307,167 5,576 10,599 28,084 58,892 33,660 69,491 - 10,701 - - - - - 2,473 - 13,174 - - - 55 35 - 35 55 33,695 82,720 |
Restricted Endowment Funds Funds £ £ 94,171 - - - - - - - 38,100 - - - - 14,784 - - - 2,193 38,100 16,977 - 73,433 - 35,309 - 18,039 - 6,940 - 133,721 38,100 150,698 (7,198) - - - (7,198) - - - 3,647 - 3,196 - - - 6,843 - 821 - - - - - 821 - 466 - |
Total Funds 2023 £ 170,752 58,096 58,096 217,417 38,100 25,837 14,784 5,817 2,193 304,148 73,433 35,309 18,039 6,940 133,721 495,965 8,977 86,976 95,953 10,701 3,647 3,196 2,473 20,017 821 55 35 911 116,881 |
| Sheffield St. Mark Broomhill Notes to the financial statements For the year ended 31 December 2024 7 Analysis of Net Assets by Fund (continued) Note Debtors and prepayments PA1 Income tax recovery due at year end PA2 PV Panel FIT income due at year end Room hire outstanding 7.e Accruals and deferred income PA3 Electricity and Gas owed at year end Fees owed PA4 Expenditure Accruals PA5 Grants received in advance PA6 International donations owed at year end PA7 Diocese Fund Balance 7.f General reserve deposit account breakdown General Reserve Legacy Reserve Diamond Anniversary Fabric Reserve |
Page 22 of 27 | Page 22 of 27 | Final Total Funds 2024 £ 2,357 456 - 2,813 (2,290) - (309) (177) (232) (11,229) (14,237) 788,935 45,684 51,361 6,402 5,196 108,643 |
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|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||
| Unrestricted Funds General Designated £ £ 2,357 - 456 - - - 2,813 - (2,290) - - - (309) - - - - - (11,229) - (13,828) - 50,939 430,385 45,684 - - 32,407 - 6,402 - 5,196 45,684 44,005 |
Restricted Funds £ - - - - - - - (177) (232) - (409) 153,129 - 18,954 - - 18,954 |
Endowment Funds £ - - - - - - - - - - - 154,482 - - - - - |
Unrestricted Funds General Designated £ £ 2,637 - 558 - 85 - 3,280 - (2,389) - - - (451) - - - - - - - (2,840) - 51,098 449,505 28,084 - - 47,516 - 6,279 - 5,097 - 28,084 58,892 |
Restricted Endowment Funds Funds £ £ - - - - - - - - - - (100) - - - (286) - - - - - (386) - 132,351 150,698 - - - - - - - - - - |
Total Funds 2023 £ 2,637 558 85 3,280 (2,389) (100) (451) (286) - - (3,226) 783,652 28,084 47,516 6,279 5,097 86,976 |
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Notes to the financial statements
For the year ended 31 December 2024
8 Fund details
8.a Unrestricted Funds
The General Fund is used to pay all the everyday expenses of the church. This fund is “unrestricted” because the money has been given to the church on the general understanding that it will be used at the discretion of the PCC for furthering the mission and ministry of the church. Unless specified otherwise, all the money received by the church is first put into the General Fund.
The PCC may decide to put some of the General Fund money aside in deposit accounts for use in the future (for example, for building repairs). This money is “designated” for administration purposes only. Such funds are still unrestricted and can be moved to other funds if the PCC so decides. The PCC currently has “designated” deposit accounts for general and fabric purposes.
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Mainland Bursary Fund for development of young people
Property: 1,070 shares in The CBF Church of England Investment Fund
Purchased: 31-Aug-89
Original cost: £6,000 Market value 31/12/2024 £ 5,950 2023 £ 5,817
At the January 2020 PCC meeting it was agreed that in the absence of any documentary or anecdotal evidence to the contrary that the Mainland Bursary funds are more correctly recorded as Designated funds rather than Endowment funds.
They have therefore been moved as at 31Dec2019 from Endowment to Designated.
Fabric Investment (Designated)
Property: 8583.73 units in the COIF Charities Ethical Investment Fund
Purchased: 10-Sep-20
Original cost: £23,076 Market value 31/12/2024 £ 26,546 2023 £ 25,837
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This account was created by merging several small designated fabric deposit accounts. Therefore the income from the above investment should be used for Fabric purposes. The dividends from this accounts is paid to a dedicated CCLA Fabric (Designated) deposit account.
8.b Restricted Funds
These are funds that are subject to some particular restriction on the way they may be spent or applied. The money received is restricted either by the donor or by the terms of an appeal for a particular purpose such as a special collection for overseas aid or for a major repair. The PCC has several deposit accounts that are “restricted” in their use for either fabric or other specified purposes.
Fabric Investment (Restricted) Property: 12657.65 units in the COIF Charities Ethical Investment Fund Purchased: 10-Sep-20 Original cost: £34,028 Market value 31/12/2024 £ 39,145 2023 £ 38,100
This account was created by merging several small restricted fabric deposit accounts. Therefore the income from the above investment fund can only be used for Fabric purposes. The dividends from this account is paid to a dedicated CCLA Fabric (Restricted) deposit account.
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8.c Endowment Funds
These are another form of restricted funds and represent money that has been given to the church with the specific instruction that only the interest or dividends earned by the investment can be spent. The original money (or “capital”) cannot normally be spent and must remain in the form of investments.
8.c.i Parochial Church Council Property
The PCC may hold property “for any ecclesiastical purpose affecting the parish or any part thereof” and for certain educational purposes (PCC (Powers) Measure 1956, Section 5). “Ecclesiastical purposes” will include any purpose furthering the work of the Church of England in the parish. The capital sums and income derived there from can only be used for these purposes.
Held in the name of the Vicar and Church Wardens, administered by the PCC
| Miss Berry Bequest for general purposes | |||||
|---|---|---|---|---|---|
| Property: | 654 shares in The CBF Church of England Investment Fund | ||||
| Purchased: | 28-Feb-69 | ||||
| Original cost: | £730 | Market value | 31/12/2024 | £ 15,122 | 2023 £ 14,784 |
| Kelk Bequest for general purposes | |||||
| Property: | 97 shares in The CBF Church of England Investment Fund | ||||
| Purchased: | 31-Aug-82 | ||||
| Original cost: | £200 | Market value | 31/12/2024 | £ 2,243 | 2023 £ 2,193 |
8.c.ii Trust Funds administered by the Parochial Church Council
These funds comprise a charity administered under a scheme made by the Charity commissioners, two bequests and a donation involving permanent trusts restricting the use of the capital that is held by the Diocesan Board of Finance.
| The St Mark’s Church Hall Charity | |||||
|---|---|---|---|---|---|
| Property: | 106.68 shares in CCLA - COIF Charities Ethical Investment | Fund | |||
| (Original Purchase: | 12,277 shares | 31-Mar-93 | Original | cost: | £19,189) |
| Dividends reinvested in year to purchase | 825 shares | at a cost of | £1,357 | ||
| Market value | 31/12/2024 | £ 75,448 | 2023 | £ 73,433 |
The above investment originates from the sale of the former church hall in Ashgate Road, Broomhill, in March 1971. The PCC are managing trustees, the Diocesan Board of Finance custodian trustees. The clear income from the charity is to be applied to further the “religious and other charitable work of the Church of England” in the ecclesiastical parish of St Mark, Broomhill. The charity property may also be used for land and building required for that work. By an order dated 14 January 2014, the Charity Commissioners authorised expenditure of £34,000 from the Charity’s permanent endowment for the purpose of restoration and refurbishment of the Church organ under the condition that the sum be repaid over 30 years at a minimum of £1,133 per annum. In addition, the PCC authorised the expenditure of £16,000 from the Charity’s accumulated income for the same purpose. Accordingly, in January 2014 the Diocesan Board of Finance realised 32,041 of the Charity’s shares to the value of £50,000 and this sum was paid into the Organ Restoration Appeal Fund on 3 February 2014. This loan was repaid in 2020 so that income can return to being for general use as specified above.
Page 25 of 27
Miss Thomas Bequest for church repairs Property: 1562 shares in The CBF Church of England Investment Fund Purchased: 30-Nov-61 Original cost: £1,132 Market value 31/12/2024 £ 36,118 2023 £ 35,309 Friends of St Mark’s Investment Account for fabric repair purposes only Property: 798 shares in The CBF Church of England Investment Fund Purchased: 31-Oct-82 Original cost: £1,750 Market value 31/12/2024 £ 18,452 2023 £ 18,039
The income from the above two investment funds can only be used for church repairs. During 2020 new fabric deposit accounts were opened with CCLA. The dividends from these accounts are now paid to the new fabric deposit account.
| Elliott Bequest for parochial and charitable purposes | |||||
|---|---|---|---|---|---|
| Property: | 307 shares in The CBF Church of England Investment Fund | ||||
| Purchased: | 31-Aug-66 | ||||
| Original cost: | £220 | Market value | 31/12/2024 | £ 7,099 | 2023 £ 6,940 |
The property of the above mentioned investment can only be used for the purposes mentioned. Therefore the dividends are paid directly to the main church bank account for general use.
Page 26 of 27
Sheffield St. Mark Broomhill
Final with signatures and report v4.0
Notes to the financial statements
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For the year ended 31 December 2024 2024 2023
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2024 General Designated Funds Funds 2023
£ £ £ £ £ £ £ £ £ £
9 Allocation of Legacy funding
9(a) Legacy projects
- - - - - - - -
Contribution towards full stipend for Assoc Vicar 18,428 18,428
- - - - - - -
Contribution towards cost of new chairs in lounge 1,571 1,571
- - - - - -
18,428 18,428 2,376 2,376
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This is a description of the allocation of funds during 2024.
The funds used in 2024 are detailed in the expenditure section of the accounts above.
Statement of responsibilities of the members of the Parochial Church Council ("PCC")
The Church Accounting Regulations 2006 and the Charities Act 2011 require the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources in the year then ended. In preparing those financial statements, the members of the PCC are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation.
The members of the PCC are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
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