THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees’ Report and Accounts For the year ended 31[st] December 2024
Registered Charity No 1129567
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
PCC Members during the year
Ex-officio members
Revd Canon Dr Eleanor Williams Incumbent
Revd Paula Spalding Associate Priest Revd Virginia Moggridge Curate Wendy Smith Churchwarden
Deanery Synod Representatives
Joanna Proctor Licensed Lay Minister and PCC Secretary Christine Fleming Elected Members Stephen Martin Churchwarden’s Assistant Caroline Smith Churchwarden’s Assistant Ysanne Leadon Robin Proctor Katherine Ogilvie Simon Ogilvie Ian Richards Sally Swann Susan Reynolds Sarah Wingate
In attendance when required (not an elected trustee)
Sue Chase Treasurer
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Vicarage Address: The Vicarage 22 Isaacson Road Burwell Cambridge CB25 0AF Registered Charity Number: 1129567 Independent Examiner: Mr Simon Rogers 1 Pound Close Burwell Cambridge CB25 0EP
Bankers: Barclays Bank plc CCLA Investment Management Ltd Leicester CBF Church of England Funds LE87 2BB 1 Angel Lane London EC4R 3AB
The parish church of St Mary the Virgin stands in a prominent position in High Street, Burwell, Cambridgeshire, CB25 0HB. It is in the Parish of Burwell with Reach, within the Fordham and Quy Deanery. St Mary’s is a very fine Perpendicular building and is Grade 1 listed. St Mary’s Church stands on a site previously occupied by an Anglo Saxon church in a conservation area at the southwestern end of the village. It is part of a complex of ancient buildings including (the remains of) Burwell Castle, built by King Stephen in the C12[th] and itself on the site of a substantial Roman building, adjacent to a spring.
The Church of St Etheldreda and The Holy Trinity, Fair Green, Reach, Cambridgeshire CB25 0JD is a Grade II listed Victorian church. It occupies a prominent position on the east side of the green in the centre of the village, alongside the Village Centre and the village pub. Its Victorian architecture is completely in keeping with the overall ambience of the village.
The parishes of Burwell and Reach were combined in April 2004 to form the benefice of Burwell with Reach.
Structure Governance and Management
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
The PCC confirm that the annual report and audited accounts comply with the requirements of the Charities Act 2011 and the Charities SORP 2015.
Governing Document
The Parochial Church Council is a corporate body established by the Church of England and the PCC operates under the Parochial Church Council Powers Measure.
Recruitment and Appointment of PCC
The appointment of PCC members is governed by and set out in the Church Representation Rules.
Risk Management
The PCC has carried out a review of the major risks to which the charity is exposed. Where appropriate, policies have been adopted to mitigate the risks the charity faces. These policies are periodically reviewed to ensure they continue to meet the needs of the charity. In financial terms, the main risk appears to be the aging profile of the congregation and donors leading to a risk of a future reduction in income: currently the risk is not high but may rise with time. The PCC is aware of this and looks to increase other income and sets budgets accordingly. In other regulatory areas, the main risk comes from the potential for safeguarding issues: a statement covering the parish’s compliance with its statutory duties is given on page 7.
Organisational Structure
In order to carry out its aims and objectives, the PCC sets up sub-committees, which may include other church members. Among these are groups to manage the church shop and the Guildhall.
Related Parties
St Mary’s Preservation Trust
The Preservation Trust is an independent charity, set up by the PCC in 1979 with the sole responsibility of conserving the fabric of the building of the church for the benefit of future generations. It is non-denominational and draws funds from both regular supporters and grantmaking bodies.
Feoffees
Burwell Church Lands Charity dates back to the 16th century when land was donated for the benefit of the Poor and the maintenance of the Parish Church. It now makes modest grants to assist children and young people living in Burwell to pursue their educational needs and supports the upkeep of the Guildhall and grants the Church use of the building.
Objectives and Aims
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
In accordance with The PCC Powers Measure of 1956, the PCC aims to co-operate with the Vicar in promoting in the benefice the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
Mission Statement
As the parish churches of Burwell & Reach we gather as people of all ages, seeking to grow together in faith, hope and love, sharing the good news of God’s love through
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Our prayer and worship
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Our daily lives
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Our service in our communities & in the world
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Our buildings being warm & welcoming centres of prayer and community life.
Public Benefit
The PCC has paid due regard to the Charity Commission guidance on public benefit. We aim to provide a welcoming building for the use of the whole community, whilst also meeting the expanding needs of the church. Our buildings are open not only as places of worship, but also as venues for cultural events such as concerts and exhibitions, or for smaller community meetings. While recognising our rich heritage, we are moving forward with new facilities to enhance our buildings.
Achievements and Performance
Attendance at Sunday services has been maintained from 2023 to 2024. The number of people now watching the livestream on Facebook has continued at about 4 each service. During 2024, the average number of people attending the monthly Café Church has dropped slightly from 2023 but increased slightly for the 10am Communion Service. Refresh Café (for pre-school children and their carers) and mid-week Communion services have also averaged slightly higher numbers.
With the retirement of the treasurer and administrator, we have developed new ways of working, with a paid part-time treasurer and new volunteer administrator, as well as other volunteers taking on additional roles. Our curate was priested in June 2024, and we have a new Licensed Lay Minister. We have also had an ordinand from Ridley Hall on attachment with us.
Assisted by local volunteers, we continue to manage Pop-Up Pantry, based at Burwell Day Centre, which distributes excess food from the local supermarkets as well as garden produce and donated items. This has provided valuable support to people in need.
Progress has been made towards becoming Carbon Net Zero by 2030, with LED lights being installed in the main body of St Mary’s and the Guildhall. A sub group is looking at options for replacing the current heating system in St Mary’s.
Regular maintenance checks have been carried out. Sadly, there have been several incidents of vandalism at St Mary’s, and a break-in during December caused minor damage to a window and door lock. Security measures have been reviewed and enhanced.
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
St Etheldreda’s church has continued to be used for more services, and also occasional lettings to other organisations for meetings and Quiet Days. Cream teas were served in the church at the annual Reach Fair.
Financial Review
Unrestricted incoming resources were again higher than the previous year, totalling £128,947 (£125,263 in 2023). Voluntary giving rose with a corresponding increase in Gift Aid tax recovered, and three significant donations added over £18,000 to church funds.
Investment income remained stable as did income from CentrePeace and the Guildhall. Income from occasional offices rose slightly. Although there was no Fete this year, other fundraising events came near to matching last year's profit.
Unrestricted resources expended rose from £117,762 in 2023 to £123,036. Within this overall increase in costs there were some significant decreases as well as increases. Power costs fell by over £9,000, the biggest fall being in electricity for St Mary’s Church, but all bills were considerably lower than in 2023.
Ministry Share rose by nearly £2,500 and service running costs, including clergy and verger expenses also increased.
Other increases showed in insurances, cleaning and maintenance and the introduction of an outsourced Treasurer added £1,800 to sundry administration costs.
The Pop-Up Pantry received over £4,500 in donations during the year leading to a new Restricted Social Support Fund being set up to record and monitor its finances.
Other Restricted funds, which include the Buildings Fund and the Reach Legacy Fund had incoming resources of £3,005. The interest and dividend income from the Legacy Fund is unrestricted income and can be used where needed.
Final payments were made on the Reach re-ordering project amounting to £15,347; other restoration work was done on the clock (£3,276) and the repair / rebuild of the church walls commenced (costs so far £2,290 with further costs of around £50,000 expected to be incurred in 2025).
A transfer of £6,000 was made from the Reach Legacy Fund to the Reach General Fund to assist with the ongoing running costs.
Overall, there was a net movement in funds of £3,428 having to be taken from reserves. This can be divided into a net surplus for St Mary’s of £5,223, a net deficit of £6,198 for St Etheldreda and The Holy Trinity for the running of the church plus £13,801 spent from their Legacy Fund and an unrealised gain on investments of £11,348. Reserves stand at £780,388 but of this only £92,853 is unrestricted. The PCC will continue to monitor their finances closely and endeavour to keep running costs as close to annual income as possible.
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Safeguarding Statement
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults), as amended by The Safeguarding (Code of Practice) Measure 2021 (Commencement and Transitional Provision) Order 2022. A new Parish Safeguarding Officer was appointed this year.
Principal Funding Sources
The major regular source of income is charitable donations from a generous and committed congregation. Useful additional income is derived from restricted fund dividends and income from Guildhall lettings. The church shop is merely self-supporting.
Investment Policy
The PCC reserves and restricted funds are invested with the CBF Church of England Funds, and in appropriate deposit accounts which are reviewed regularly.
Reserves Policy
The PCC aims to maintain unrestricted reserves at a level of between six months and eighteen months average expenditure. At the end of 2024 unrestricted cash reserves stood at £92,853, with annual unrestricted expenditure of £123,036.
Approved at the Parochial Church Council meeting on 27[th] March 2025
Signed:
Revd Canon Dr Eleanor Williams (Vicar)
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Page 8
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Statement of Financial Activities
| Unrestricted | **Designated ** | RestrictedEndowment | RestrictedEndowment | Total | Prior year | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | **funds ** | total funds | |
| Incoming resources | ||||||
| Incoming resources from generated funds | ||||||
| Voluntary income | 89,070 | — | 1,550 | — | 90,620 | 78,087 |
| Activities for generating funds | 2,154 | — | — | — | 2,154 | 2,910 |
| Investment income | 11,497 | 8,785 | 1,455 | — | 21,737 | 22,137 |
| Other voluntary income | 283 | — | — | — | 283 | 11,605 |
| Incoming resources from charitable activities | 16,390 | — | 5,136 | — | 21,526 | 15,865 |
| Other incoming resources | 769 | — | — | — | 769 | 131 |
| Total income | 120,162 | 8,785 | 8,141 | — | 137,088 | 130,736 |
| Resources used | ||||||
| Grants | 5,829 | — | — | — | 5,829 | 7,174 |
| Charitable activities | 112,831 | — | 28,727 | — | 141,558 | 171,154 |
| Charitable activities - support costs | 3,749 | — | 102 | — | 3,851 | 1,676 |
| Costs of generating funds | 627 | — | — | — | 627 | 148 |
| Total expenditure | 123,036 | — | 28,829 | — | 151,865 | 180,154 |
| Gains / losses on investment assets | — | — | 11,348 | — | 11,348 | 42,636 |
| Net income / (expenditure) resources before | (2,874) | 8,785 | (9,339) | — | (3,428) | (6,780) |
| transfer | ||||||
| Transfers | ||||||
| Gross transfers between funds - in | 6,000 | — | 452 | — | 6,452 | 28,375 |
| Gross transfers between funds - out | (6,452) | — | — | — | (6,452) | (28,375) |
| Other recognised gains / losses | ||||||
| Net movement in funds | (3,326) | 8,785 | (8,888) | — | (3,428) | (6,780) |
| Total funds brought forward | 96,178 | 24,155 | 663,483 | — | 783,815 | 790,596 |
| Total funds carried forward | 92,852 | 32,940 | 652,595 | — | 780,388 | 783,815 |
| Represented by | ||||||
| Unrestricted | ||||||
| General fund | 45,278 | — | — | — | 45,278 | 52,195 |
| Reach Legacy Fund | 47,575 | — | — | — | 47,575 | 43,982 |
| Designated | ||||||
| Capital Expenditure Fund | — | 32,940 | — | — | 32,940 | 24,155 |
| Restricted | ||||||
| Bridgeman Trust Fund | — | — | 1,480 | — | 1,480 | 1,446 |
| Building Work Fund | — | — | 49,485 | — | 49,485 | 48,673 |
| Burwell Sunday School Fund | — | — | 3,757 | — | 3,757 | 3,756 |
| Reach Legacy Fund | — | — | 270,525 | — | 270,525 | 289,846 |
| St Andrew's Church Fund | — | — | 323,718 | — | 323,718 | 316,474 |
| Youth Work and Sunday School F | — | — | 3,498 | — | 3,498 | 3,284 |
| Social Fund | — | — | 2,132 | — | 2,132 | — |
Page 9
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Balance sheet
| Class and code | Description | This year | Last year |
|---|---|---|---|
| Fixed assets | |||
| Audio visual equipment | — | 260 | |
| Kitchen equipment | 120 | 240 | |
| St Andrew's mission church | — | — | |
| Bridgeman trust | — | — | |
| Burwell sunday school | — | — | |
| Reach Legacy Acc | — | — | |
| Reach Legacy Inc | 181,968 | 177,896 | |
| St Andrew's mission church | 323,718 | 316,474 | |
| Bridgeman trust | 1,480 | 1,446 | |
| Burwell Sunday school | 3,757 | 3,756 | |
| Total Fixed assets | 511,043 | 500,074 | |
| Current assets | |||
| Barclays current account | 75,308 | 56,186 | |
| Barclays deposit account | 20,198 | 23,847 | |
| CBF deposit account | 124,018 | 154,086 | |
| Barclays current account - Bldg | 16,845 | 17,415 | |
| Floats | 260 | 260 | |
| CBF deposit account - Bldg | 32,376 | 31,156 | |
| Gift aid tax recoverable | 3,234 | 3,000 | |
| Stock - CentrePeace | 200 | 200 | |
| Accounts Receivable | 3,309 | 205 | |
| Total Current assets | 275,748 | 286,356 | |
| Liabilities | |||
| Post Box Account | — | — | |
| Agency collections | — | — | |
| Accounts Payable | 6,403 | 2,615 | |
| Total Liabilities | 6,403 | 2,615 | |
| Net Asset surplus(deficit) | 780,388 | 783,815 | |
| Reserves | |||
| Excess / (deficit) to date | (14,776) | (49,417) | |
| Starting balances | 783,815 | 790,596 | |
| Other gains/(losses) | 11,348 | 42,636 | |
| Total Reserves | 780,388 | 783,815 | |
| Represented by funds | |||
| Unrestricted | 92,853 | 96,178 | |
| Designated | 32,940 | 24,155 | |
| Restricted | 654,595 | 663,482 | |
| Endowment | — | — | |
| Total | 780,388 | 783,815 |
Approved at the Parochial Church Council meeting on 27[th] March 2025
Signed:
Page 10
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Revd Canon Dr Eleanor Williams (Vicar)
Sue Chase (Treasurer)
Analysis of income and expenditure
| Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Incoming resources from generated funds - Voluntary income Bank giving - Bldg — — 1,320 — 1,320 1,400 Bank giving 42,180 — — — 42,180 40,533 Envelope giving 4,924 — — — 4,924 4,789 Other planned giving 930 — — — 930 1,270 Plate collections 6,106 — — — 6,106 6,250 Gift aid tax recoverable - Bldg — — 230 — 230 305 Gift aid tax recoverable 13,053 — — — 13,053 11,452 Wedding/Funeral collections 6 — — — 6 231 Donations 21,871 — — — 21,871 11,857 Total 89,070 — 1,550 — 90,620 78,087 Incoming resources from generated funds - Activities for generating funds Fete proceeds — — — — — 1,605 Other fund raising events 2,154 — — — 2,154 1,305 Total 2,154 — — — 2,154 2,910 Incoming resources from generated funds - Investment income Dividends 4,938 8,785 — — 13,723 13,513 Dividends - Sunday School — — 235 — 235 183 Bank deposit interest - Bldg — — 1,220 — 1,220 1,367 Bank deposit interest 6,559 — — — 6,559 7,074 Total 11,497 8,785 1,455 — 21,737 22,137 Incoming resources from generated funds - Other voluntary income Appeals 108 — — — 108 — Legacies — — — — — 10,056 Wall safe 174 — — — 174 228 Total 283 — — — 283 11,605 Incoming resources from charitable activities CentrePeace takings 3,295 — — — 3,295 3,485 Guildhall lettings 8,289 — — — 8,289 8,170 Wedding / Funeral fees 4,806 — — — 4,806 4,209 Youth work and outreach income — — 635 — 635 1,319 Social Support — — 4,501 — 4,501 — Total 16,390 — 5,136 — 21,526 15,865 Other incoming resources Other income 769 — — — 769 131 Total 769 — — — 769 131 |
Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Incoming resources from generated funds - Voluntary income Bank giving - Bldg — — 1,320 — 1,320 1,400 Bank giving 42,180 — — — 42,180 40,533 Envelope giving 4,924 — — — 4,924 4,789 Other planned giving 930 — — — 930 1,270 Plate collections 6,106 — — — 6,106 6,250 Gift aid tax recoverable - Bldg — — 230 — 230 305 Gift aid tax recoverable 13,053 — — — 13,053 11,452 Wedding/Funeral collections 6 — — — 6 231 Donations 21,871 — — — 21,871 11,857 Total 89,070 — 1,550 — 90,620 78,087 Incoming resources from generated funds - Activities for generating funds Fete proceeds — — — — — 1,605 Other fund raising events 2,154 — — — 2,154 1,305 Total 2,154 — — — 2,154 2,910 Incoming resources from generated funds - Investment income Dividends 4,938 8,785 — — 13,723 13,513 Dividends - Sunday School — — 235 — 235 183 Bank deposit interest - Bldg — — 1,220 — 1,220 1,367 Bank deposit interest 6,559 — — — 6,559 7,074 Total 11,497 8,785 1,455 — 21,737 22,137 Incoming resources from generated funds - Other voluntary income Appeals 108 — — — 108 — Legacies — — — — — 10,056 Wall safe 174 — — — 174 228 Total 283 — — — 283 11,605 Incoming resources from charitable activities CentrePeace takings 3,295 — — — 3,295 3,485 Guildhall lettings 8,289 — — — 8,289 8,170 Wedding / Funeral fees 4,806 — — — 4,806 4,209 Youth work and outreach income — — 635 — 635 1,319 Social Support — — 4,501 — 4,501 — Total 16,390 — 5,136 — 21,526 15,865 Other incoming resources Other income 769 — — — 769 131 Total 769 — — — 769 131 |
|---|---|
| 16,390 — 5,136 — 21,526 15,865 769 — — — 769 131 |
|
| 769 — — — 769 131 |
|
| INCOME TOTAL | 120,162 8,785 8,141 — 137,088 130,736 |
Page 11
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
| EXPENDITURE Grants Overseas missions — — — — — 1,560 Overseas relief agencies — — — — — 2,138 Home missions and Societies 5,829 — — — 5,829 3,927 Total 5,829 — — — 5,829 7,174 Charitable activities Ministry Share 62,843 — — — 62,843 60,428 Clergy expenses 3,709 — — — 3,709 2,367 Verger and services costs 2,296 — — — 2,296 1,433 Choir and organ costs 2,203 — — — 2,203 1,886 Electricity 5,337 — — — 5,337 10,616 Electricity - CentrePeace 895 — — — 895 1,705 Electricity - Guildhall 1,694 — — — 1,694 2,354 Fuel oil and gas 3,530 — — — 3,530 5,389 Gas - Guildhall 2,382 — — — 2,382 3,578 Water - CentrePeace 225 — — — 225 162 Water - Guildhall 384 — — — 384 448 Rent - CentrePeace 4,160 — — — 4,160 4,160 General rates - CentrePeace 88 — — — 88 91 Insurance 7,364 — — — 7,364 5,697 Insurance - Guildhall 1,042 — — — 1,042 900 Maintenance and cleaning 5,326 — 1,856 — 7,182 3,080 Maintenance - CentrePeace 36 — — — 36 224 Cleaning - Guildhall 1,611 — — — 1,611 664 Repairs and renewals 3,883 — — — 3,883 7,184 Maintenance - Guildhall 2,922 — — — 2,922 1,434 Building to serve project - Bldg — — — — — 1,380 Reach Church Re-ordering — — 23,393 — 23,393 52,498 Depreciation 380 — — — 380 380 Teaching materials — — — — — 114 Youth work and outreach expenses — — 658 — 658 1,024 Social Support — — 2,820 — 2,820 (452) Stock purchases - CentrePeace 155 — — — 155 269 Miscellaneous expenses 307 — — — 307 1,680 Sundry expenses - Guildhall 59 — — — 59 — Total 112,831 — 28,727 — 141,558 171,154 Charitable activities - Charitable activities - support costs Printing and stationery 1,228 — — — 1,228 1,632 Books and publications 98 — — — 98 43 Sundry administration costs 2,423 — 102 — 2,525 — Total 3,749 — 102 — 3,851 1,676 Costs of generating funds Costs of fund raising events 627 — — — 627 46 Other fund raising costs - Bldg — — — — — 102 Total 627 — — — 627 148 |
— — — — — 1,560 — — — — — 2,138 5,829 — — — 5,829 3,927 |
|---|---|
| 5,829 — — — 5,829 7,174 62,843 — — — 62,843 60,428 3,709 — — — 3,709 2,367 2,296 — — — 2,296 1,433 2,203 — — — 2,203 1,886 5,337 — — — 5,337 10,616 895 — — — 895 1,705 1,694 — — — 1,694 2,354 3,530 — — — 3,530 5,389 2,382 — — — 2,382 3,578 225 — — — 225 162 384 — — — 384 448 4,160 — — — 4,160 4,160 88 — — — 88 91 7,364 — — — 7,364 5,697 1,042 — — — 1,042 900 5,326 — 1,856 — 7,182 3,080 36 — — — 36 224 1,611 — — — 1,611 664 3,883 — — — 3,883 7,184 2,922 — — — 2,922 1,434 — — — — — 1,380 — — 23,393 — 23,393 52,498 380 — — — 380 380 — — — — — 114 — — 658 — 658 1,024 — — 2,820 — 2,820 (452) 155 — — — 155 269 307 — — — 307 1,680 59 — — — 59 — |
|
| 3,749 — 102 — 3,851 1,676 627 — — — 627 46 — — — — — 102 |
|
| 627 — — — 627 148 |
|
| EXPENDITURE TOTAL | 123,036 — 28,829 — 151,865 180,154 |
Page 12
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
GRAND TOTAL (2,874) 8,785 (20,687) — (14,776) (49,417)
Notes to the Financial Statements for year ended 31[st] December 2024
STATEMENT OF ACCOUNTING POLICIES
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, together with applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015).
The financial statements have been prepared under the historical cost convention.
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. Funds designated for a particular purpose by the PCC are also unrestricted.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.
Restricted funds represent amounts given to the PCC where the donor has specified that the funds are spent on a particular purpose.
Incoming Resources
Voluntary income
Collections are recognised when received by the PCC.
Gift Aid donations are administered directly by the Church and the Gift Aid is recognised as income at the same time that the donation is recognised as income, which is when the donation is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal-1 (1) entitlement, the ultimate receipt is virtually certain, and the monetary value can be measured reliably.
Amounts charged and raised at church events, such as money for food provided, and sale of books and craft items at the church shop, are recognised as income. Associated expenditure is recognised separately under Resources Expended.
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value at the time of gift to the PCC, if material and feasible, or else at the amount actually realised from their disposal.
Rental income
Rental income from the letting of church premises is recognised when the rent is due in accordance with the arrangement, lease or licence.
Income from investments
Dividends and interest are accounted for when receivable.
Resources Expended
Liabilities
Liabilities are recognised as soon as the legal or constructive obligation arises. Grants payable
These are recognised in the accounts when a commitment has been made externally and there are no pre-conditions still to be met for entitlement to the grant which remain within the control of the PCC.
Activities directly relating to the work of the Church
The diocesan quota or ministry share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. Page 13
Governance costs
These could include the costs of the preparation and audit of the statutory accounts and the cost of any legal advice to trustees on governance or constitutional matters.
THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
Fixed Assets
Consecrated land and buildings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts by Section 10(2) (a) and (c) of the Charities Act 2011. No value is placed on moveable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.
Capitalisation of tangible fixed assets
Tangible fixed assets are capitalised if they will be used for more than one year and cost over £300.
| Depreciation of tangible fixed assets Depreciation is provided on all fixed assets on a straight line basis calculated to write off the cost over their expected useful lives, as follows: |
Depreciation of tangible fixed assets Depreciation is provided on all fixed assets on a straight line basis calculated to write off the cost over their expected useful lives, as follows: |
|---|---|
| Short-life electrical | 4 |
| equipment | years |
| Other fittings and | 10 |
| equipment | years |
No depreciation is provided on buildings due to their high residual value.
Stock
Stock is second hand books and craft items held for sale in the Church shop. It is valued at the lower of cost and net realisable value, with no value given to second hand books.
Current Assets
Amounts owing to the PCC at 31 December in respect of fees, rents, grants or other income, less provision for amounts that may prove uncollectable, are shown as other debtors.
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
Taxation
The PCC is a charity and as such is not liable to taxation.
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THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN BURWELL WITH ST ETHELDREDA AND THE HOLY TRINITY REACH
Trustees Report for the year ended 31[st] December 2024
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