Page 1 of 27 ## 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 **v4.0** Final with signatures and report Page 2 of 27 **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. Page 3 of 27 **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** ## **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. Page 4of 27 **St Mark's PCC Accounts For the year ended 31 December 2024 Budget Compare - GENERAL FUND ONLY** Final with signatures and report v4.0 |**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
-| |---|---|---| Page 5 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** ## **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| Page 6 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** ## **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. **Final with signatures and report v4.0** Page 8 of 27 ## **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| **Final with signatures and report v4.0** Page 9 of 27 ## **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| **----- End of picture text -----**
**Final with signatures and report v4.0** Page 11 of 27 ## **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 £ £ £ £ £ £ £ £ £ £
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.
**----- End of picture text -----**
**Final with signatures and report v4.0** Page 12 of 27 ## **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 £ £ £ £ £ £ £ £ £ £
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.
**----- End of picture text -----**
Page 13 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** ## **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 £ £ £ £ £ £ £ £ £ £
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.
**----- End of picture text -----**
Page 14 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** ## **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 £ £ £ £ £ £ £ £ £ £
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.
**----- End of picture text -----**
**Final with signatures and report v4.0** Page 15 of 27 ## **Sheffield St. Mark Broomhill** ## **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** Page 16 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** ## **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 £ £ £ £ £ £ £ £ £ £
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
**----- End of picture text -----**
**Final with signatures and report v4.0** Page 17 of 27 ## **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 £ £ £ £ £ £ £ £ £ £
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.
**----- End of picture text -----**
## 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. **Final with signatures and report v4.0** Page 18 of 27 ## **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 £ £ £ £ £ £ £ £ £ £
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.
**----- End of picture text -----**
**Final with signatures and report v4.0** Page 19 of 27 ## **Sheffield St. Mark Broomhill** **----- Start of picture text -----**
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
**----- End of picture text -----**
**Final with signatures and report v4.0** Page 20 of 27 ## **Sheffield St. Mark Broomhill** **----- Start of picture text -----**
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
**----- End of picture text -----**
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). Page 21 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** |**Sheffield St. Mark Broomhill**||Page 21 of|27|**Final**|**with signatu**|**res and repo**|**rt v4.0**| |---|---|---|---|---|---|---|---| |**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**|**with signatures and report v4.0**|**with signatures and report v4.0**|**with signatures and report v4.0**| |---|---|---|---|---|---|---|---| |||**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| Page 23 of 27 ## **Sheffield St. Mark Broomhill** ## **Final with signatures and report v4.0** ## **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. **----- Start of picture text -----**
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
**----- End of picture text -----**
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. Page 24 of 27 ## **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** **----- 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
£ £ £ £ £ £ £ £ £ £
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 Report from Independent ExatninetS Page 27 of 27 IYI)F.PEP4DENI LL4.IIThF.R'S REPORTTOTHF. MEMBF.RS OFTIIF. FARI)CHIAL CHURCH roi'Ncii. nFTUF. F.CC'I_FS1.45TICAL PAItISH OF Y4HK'SC'HI',RCII BS11)()MHILL SFIF.FFTF.I.D I ChurrhC(xllKxI ftrlbe)*wth￿4 JI t￿(￿ler2024 5clouL 'IhE Mcfftkn50fthc P4nKhvA51hurih Cvuniil*r¢ iwiblefoJth¢ prcpIMi￿ ofthMtountsiD iih wuirn¢ntsoftheCharit￿5 Act I I"thc kni'i. l Tw in rtsw ofm) exwnw1m￿OI'iht Lfvrity"'5acCoU￿Catt￿ unthr5rcIKJn 145 tsrthe.4Ct￿d in wrbiAgoill I h￿¢ fdioweddl li￿t￿ssi￿en b) thechat1￿. Cvrnmi5SiOn urth S¢¢fHlfi 14515Iblofthc Act Sin(¢ ￿￿(hIr11) if*Omt¢iceedeO btA o(•bodv1*s*J in clion 14% 111ihc.kni. l that l Èm 9￿lf￿ kn undcrtllkc cmrniwliun ￿*&USt l am *rn¢mbrrofth¢ Inslitute ofC"hthctd Ac<(wlam5in L.￿￿1￿￿j is ofthc li51a Edics. I hv¢rompklrd my¢Mmlw￿. I ￿111•1￿•1 eme 4rttMion InW)n￿l￿￿ ithiF* meth￿￿)belIe￿ fflalerial ¢ounlin8re¢(¥d4 were kto in rfthtcharitj AsryU>￿JbY 130ofthe AW. or 2. thE WiTh J. tht acrounts&nLX