**The Parochial Church Council of the Ecclesiastical Parish of St Mary with Holy Trinity Ulverston** **Financial Statements** **31 December 2024** **Charity Number: 1129826** ## **PCC St Mary with Holy Trinity Ulverston Financial Statements for the year ended 31 December 2024** ## **Contents** - 1 Independent Examiner's Report - 2 Statement of Financial Activities - 3 Balance Sheet - 4-16 Notes to the Accounts - 17 Quinquennial Inspection ## **Independent Examiner's Report to the Trustees of the PCC St Mary with Holy Trinity Ulverston for the year ended 31 December 2024** I report on the accounts for the year ended 31st December 2024 which are set out on pages 2 to 16. ## **Respective Responsibilities of Trustees and Examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention which gives me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the Charities Act; or 2. the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. …………………………………………………………………………………. Ian Thompson (ICAEW) Saint & Co Chartered Accountants The Old Police Station Church Street, Ambleside Cumbria LA22 0BT Date: …………………………………………. **1** ## **PCC St Mary with Holy Trinity Ulverston Statement of Financial Activities for the year ended 31 December 2024** |**Notes**
**Income**
Voluntary income
**9a**
Church activities
**9b**
Activities for generating funds
**9c**
Investment income
**9d**
Other income
**9e**
Total income
**Expenditure**
Missionary and charitable giving
**10a**
Church activities
**10b**
Cost of generating funds
**10c**
Costs of investment income
**10d**
Total expenditure
**Net income / (expenditure)**
**before investment gains & losses**
Gains / (Losses) on investments
**8**
**Net income / (expenditure)**
Transfers between funds
**8**
**Net movement in funds**
**Total funds brought forward**
**8**
**Total funds carried forward**
**8**|**Linked Charity**
**Unrestricted**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**2024**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
-
201,823
42,912
244,735
204,535
-
7,999
3,486
11,485
11,351
-
1,159
6,014
7,173
4,927
-
6,575
1,114
7,689
11,986
413,405
-
-
413,405
-| |---|---| ||**413,405**
217,556
53,526
684,487
232,799| ||-
17,330
6,045
23,375
24,405
-
159,265
60,700
219,965
222,417
-
14,986
674
15,660
12,800
-
-
-
-
-| ||**-**
191,581
67,419
259,000
259,622| ||**413,405**
**25,975**
**(13,893)**
**425,487**
**(26,823)**
-
8,812
-
8,812
5,618| ||**413,405**
**34,787**
**(13,893)**
**434,299**
**(21,205)**
**-**
-
-
-
-| ||413,405
**34,787**
**(13,893)**
**434,299**
**(21,205)**
**-**
333,047
149,374
482,421
503,626| ||413,405
**367,834**
**135,481**
**916,720**
**482,421**| The notes on pages 4 to 16 form an integral part of these accounts. **2** ## **PCC St Mary with Holy Trinity Ulverston Balance Sheet as at 31 December 2024** |**Linked Charity**
**Unrestricted**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**Notes**
**2024**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**4**
413,405
30,442
-
443,847
33,539
Investments
**5**
**-**
270,526
-
270,526
261,714
Total fixed assets
413,405
300,968
-
714,373
295,253
**Current assets**
Debtors
**6**
**-**
8,974
699
9,673
8,776
Cash at bank and in hand
**-**
62,968
134,941
197,909
185,869
Total current assets
-
71,942
135,640
207,582
194,645
**Creditors**
Amounts due within one year
**7**
**-**
(5,076)
(159)
(5,235)
(7,477)
**Net current assets**
-
66,866
135,481
202,347
187,168
**Total net assets**
413,405
367,834
135,481
916,720
482,421
**Represented by funds of the charity:**
**2024**
**2023**
**£**
**£**
**Unrestricted funds**
Designated funds
**8**
332,631
317,373
Unrestricted general funds
**8**
35,203
15,674
Total unrestricted funds
367,834
333,047
**Restricted funds**
**8**
135,481
149,374
**Unrestricted linked charity funds**
**8**
413,405
-
**Total funds**
916,720
482,421|**Linked Charity**
**Unrestricted**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**Notes**
**2024**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**4**
413,405
30,442
-
443,847
33,539
Investments
**5**
**-**
270,526
-
270,526
261,714
Total fixed assets
413,405
300,968
-
714,373
295,253
**Current assets**
Debtors
**6**
**-**
8,974
699
9,673
8,776
Cash at bank and in hand
**-**
62,968
134,941
197,909
185,869
Total current assets
-
71,942
135,640
207,582
194,645
**Creditors**
Amounts due within one year
**7**
**-**
(5,076)
(159)
(5,235)
(7,477)
**Net current assets**
-
66,866
135,481
202,347
187,168
**Total net assets**
413,405
367,834
135,481
916,720
482,421
**Represented by funds of the charity:**
**2024**
**2023**
**£**
**£**
**Unrestricted funds**
Designated funds
**8**
332,631
317,373
Unrestricted general funds
**8**
35,203
15,674
Total unrestricted funds
367,834
333,047
**Restricted funds**
**8**
135,481
149,374
**Unrestricted linked charity funds**
**8**
413,405
-
**Total funds**
916,720
482,421|**Linked Charity**
**Unrestricted**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**Notes**
**2024**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**4**
413,405
30,442
-
443,847
33,539
Investments
**5**
**-**
270,526
-
270,526
261,714
Total fixed assets
413,405
300,968
-
714,373
295,253
**Current assets**
Debtors
**6**
**-**
8,974
699
9,673
8,776
Cash at bank and in hand
**-**
62,968
134,941
197,909
185,869
Total current assets
-
71,942
135,640
207,582
194,645
**Creditors**
Amounts due within one year
**7**
**-**
(5,076)
(159)
(5,235)
(7,477)
**Net current assets**
-
66,866
135,481
202,347
187,168
**Total net assets**
413,405
367,834
135,481
916,720
482,421
**Represented by funds of the charity:**
**2024**
**2023**
**£**
**£**
**Unrestricted funds**
Designated funds
**8**
332,631
317,373
Unrestricted general funds
**8**
35,203
15,674
Total unrestricted funds
367,834
333,047
**Restricted funds**
**8**
135,481
149,374
**Unrestricted linked charity funds**
**8**
413,405
-
**Total funds**
916,720
482,421| |---|---|---| ||413,405
300,968
-
714,373
295,253|| ||**-**
8,974
699
9,673
8,776
**-**
62,968
134,941
197,909
185,869|| ||-
71,942
135,640
207,582
194,645
**-**
(5,076)
(159)
(5,235)
(7,477)|| ||-
66,866
135,481|202,347
187,168| |||| ||413,405
367,834
135,481|916,720
482,421| |||**2024**
**2023**
**£**
**£**
332,631
317,373
35,203
15,674| |||367,834
333,047
135,481
149,374
413,405
-| |||916,720
482,421| Approved by the Parochial Church Council and signed on its behalf by: …………………………………………………………… **Helen Huck (Churchwarden)** …………………………………………………………… **John McKenzie (Churchwarden)** …………………………………………………………… **Date** The notes on pages 4 to 16 form an integral part of these accounts. **3** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts for the year ended 31 December 2024** ## **1 Accounting policies** ## **Basis of preparation** The PCC is a public benefit entity within the meaning of FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statementof Recommended Practice, Accounting and Reporting by Charities (Charities SORP(FRS102)). The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Incoming Resources** All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: ## **Voluntary income** Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement; the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. ## **Activities for raising funds** Letting of parish centre is recognised when due. Funds raised by the coffee morning and similar events are accounted for gross. ## **Income from investments** Dividends are accounted for when due and payable and interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year. ## **Expenditure and liabilities** ## **Recognition of liabilities** Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable. ## **Activities directly relating to the work of the church** The diocesan parish offering is accounted for when due; any parish offering unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. ## **Grants and donations** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. **4** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** ## **1 Accounting policies (continued)** ## **Gains and losses on investments** Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. ## **Consecrated property and movable church furnishings** Consecrated and beneficed property of any kind is excluded from the financial statements s10(2)(c) of the Charities Act 2011. Movable church furnishings held by the rector and church wardens on special trust for the PCC and which require a faculty for disposal are accounted for as an inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2000 have been capitalised and depreciated in the financial statements over the currently anticipated useful economic life. All the expenditure incurred in the year on consecrated or beneficed buildings, individual items under £2,000, or on the repair of movable church furnishings acquired before 1 January 2000 is written off. ## **Investments held by the charity** Investments are valued at 31 December. ## **Fixed assets and depreciation** Equipment used within the church premises is depreciated on a straight line basis over five years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired. Depreciation is set at 2% on non-consecrated buildings. It is the policy of the PCC to keep these buildings in their current state of repair. The property held by the linked charity Ulverston Parish Centre is not depreciated. ## **Funds** General funds represent the funds of the PCC that are not subject to any restriction 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. Restricted funds are those funds that must be spent on restricted purposes and details of the funds are provided in their own note. Endowment funds, where capital must be retained, are explained in their own note. The unrestricted linked charity fund represents the unrestricted funds of the linked charity Ulverston Parish Centre . The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **Key sources of estimate uncertainty** The only estimate that is made that could have a material effect on the carrying amounts of assets and liabilities is depreciation on fixed assets. The depreciation policy is set out above and the carrying amounts are set out in the tangible fixed assets note to the accounts. ## **2 Related party transactions** Travel, subsistence and adminstration expenses amounting to a total of £335 were paid to three trustees for costs incurred while carrying out their ministerial duties (2023: £1,601 to three trustees). **5** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts for the year ended 31 December 2024** |**3 Staff costs**
Employed by the PCC:
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
The average number of persons employed by the PCC during the year was 2 (2023: 2).
The following amounts were paid in respect of Diocese employees:
Deanery Youth Minister (paid as part of Parish Offering)
Deanery Children & Families Minister (paid as part of Parish Offering)|**2024**
**2023**
**£**
**£**
17,537
15,620
421
-
199
161| |---|---| ||18,157
15,781| ||-
-
-
-| ||-
-| |**4 Tangible fixed assets**
**Cost / Valuation**
At 1 January 2024
Additions
Disposals
At 31 December 2024
**Depreciation**
At 1 January 2024
Eliminated on disposals
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023|**Linked Charity**
**Freehold**
**Freehold**
**Plant**
**Land and**
**Land and**
**and**
**Buildings**
**Buildings**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
-
56,972
15,487
72,459
413,405
-
-
413,405
**-**
**-**
**-**
-| |---|---| ||413,405
56,972
15,487
485,864| ||-
27,349
11,571
38,920
-
-
-
-
-
1,139
1,958
3,097| ||-
28,488
13,529
42,017| ||413,405
28,484
1,958
443,847| ||-
29,623
3,916
33,539| The linked charity freehold land and property represents the Parish Centre building held by the Ulverston Parish Centre charity (1129826-1). The charity is linked to The Parochial Church of the Ecclesiastical Parish of St Mary with Holy Trinity Ulverston as at 16 August 2024. As such the asset has been introduced into the combined financial statements of the entity in line with the Charities SORP. The linked charities have agreed that The Parochial Church of the Ecclesiastical Parish of St Mary with Holy Trinity Ulverston operate and maintain the property on behalf of Ulverston Parish Centre for no rent. **6** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts for the year ended 31 December 2024** |**5 **
**6 **
**7 **|**Fixed asset investments**
**Unrestricted Funds**
Designated to Youth
Eden Tree Investment Fund for Charities
(Cost 2011: £200,021)
**Valuation**
At 1 January 2024
Additions
Disposals
Fair value movements - gains / (losses)
At 31 December 2024
**Debtors**
Gift Aid Tax Recoverable
Grants receivable
Prepayments
PAYE & NI
Other Debtors
**Creditors: amounts falling due within one year**
Other Creditors
Accrued Expenses|**Market**
**Market**
**Value**
**Value**
**2024**
**2023**
**£**
**£**
261,714
256,096
-
-
-
-
8,812
5,618| |---|---|---| |||270,526
261,714| |||**2024**
**2023**
**£**
**£**
8,655
7,709
-
-
1,018
1,067
-
-
-
-| |||9,673
8,776| |||**2024**
**2023**
**£**
**£**
475
2,951
4,760
4,526| |||5,235
7,477| **7** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** |**8 Funds****_(current year)_**
**Linked Charity**
Designated Freehold Land & Buildings
**Unrestricted Funds**
Designated Freehold Land & Buildings
Designated Plant & Equipment
Designated Building Project
Designated Youth Reserves:
Eden Tree Investment
Children & Youth
General
**Restricted Funds**
Property
St Johns Church - restoration
St Marys Parish Roof Fund
General Building Works
St Marys Parish Church
Parish Office
Parish Centre
Restoration Mission
Finance
Children & Youth
Worship
Discipleship & Nurture
Mission & Outreach|**Brought**
**Carried**
**forward**
**Gains &**
**forward**
**1 Jan 2024**
**Income**
**Expenditure**
**(Losses)**
**Transfers**
**31 Dec 2024**
**£**
**£**
**£**
**£**
**£**
**£**
-
413,405
-
-
-
413,405| |---|---| ||-
413,405
-
-
-
413,405| ||29,623
-
(1,139)
-
-
28,484
3,916
-
(1,958)
-
-
1,958
-
-
-
-
-
-
261,714
6,575
-
8,812
(6,575)
270,526
22,120
2,968
-
-
6,575
31,663| ||317,373
9,543
(3,097)
8,812
-
332,631
15,674
208,013
(188,484)
-
-
35,203| ||333,047
217,556
(191,581)
8,812
-
367,834| ||28,896
19,103
(28,029)
-
-
19,970
73,239
1,306
-
-
-
74,545
750
888
-
-
-
1,638
19,420
7,905
(22,324)
-
-
5,001
-
-
-
-
-
-
-
-
-
-
-
-
-
3,412
(648)
-
-
2,764| ||122,305
32,614
(51,001)
-
-
103,918
-
8,268
(6,045)
-
-
2,223
26,786
10,440
(8,067)
-
-
29,159
-
-
-
-
-
-
283
1,482
(1,584)
-
-
181
-
723
(723)
-
-
-| ||149,374
53,527
(67,420)
-
-
135,481| ||| ||482,421
271,083
(259,001)
8,812
**-**
916,720| **8** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** |**8 Funds****_(previous year)_**
**Linked Charity**
Designated Freehold Land & Buildings
**Unrestricted Funds**
Designated Freehold Land & Buildings
Designated Plant & Equipment
Designated Building Project
Designated Youth Reserves:
Eden Tree Investment
Children & Youth
General
**Restricted Funds**
Property
St Johns Church - restoration
St Marys Parish Roof Fund
General Building Works
St Marys Parish Church
Parish Office
Parish Centre
Restoration Mission
Finance
Children & Youth
Worship
Discipleship & Nurture
Mission & Outreach|**Brought**
**Carried**
**forward**
**Gains &**
**forward**
**1 Jan 2023**
**Income**
**Expenditure**
**(Losses)**
**Transfers**
**31 Dec 2023**
**£**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-| |---|---| ||-
-
-
-
-
-| ||30,762
-
(1,139)
-
-
29,623
5,874
-
(1,958)
-
-
3,916
-
-
-
-
-
-
256,096
10,981
-
5,618
(10,981)
261,714
18,525
3,595
-
-
-
22,120| ||311,257
14,576
(3,097)
5,618
(10,981)
317,373
13,117
187,903
(221,816)
-
36,470
15,674| ||324,374
202,479
(224,913)
5,618
25,489
333,047| ||27,826
5,208
(4,138)
-
-
28,896
92,554
1,183
-
-
(20,498)
73,239
-
750
-
-
-
750
15,624
3,796
-
-
-
19,420
-
-
-
-
-
-
-
-
-
-
-
-
-
2,712
(9,631)
-
6,919
-| ||136,004
13,649
(13,769)
-
(13,579)
122,305
-
8,142
(8,142)
-
-
-
42,892
7,922
(12,118)
-
(11,910)
26,786
-
55
(55)
-
-
-
356
509
(582)
-
-
283
-
43
(43)
-
-
-| ||179,252
30,320
(34,709)
-
(25,489)
149,374| ||| ||**503,626**
**232,799**
**(259,622)**
**5,618**
**-**
**482,421**| **9** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** |**Notes**
**9**
**Income**
**9a**
**Voluntary income**
Planned Giving - Gift Aided
Planned Giving - Non Gift Aided
Ordinary Cash Collections
Wedding & Funeral Charitable Collections
Wedding & Funeral St John's Restoration Appeal
Special Collections
St Mary's Restoration Appeal Donations
St John's Restoration Appeal Donations
Children & Youth Appeals & Donations
Sundry Donations
Grants
Legacies
Gift Aid Tax Recovered
**9b**
**Church activities**
PCC Fees
Discipleship & Nurture including Parish Fellowship
Youth Church
Junior Church
Toddler Group
Mission & Outreach including Coffee & Chat
**9c**
**Activities for generating funds**
Parish Centre lettings
Fundraising Activities - Restoration Mission
Fundraising Activities - St John's
Fundraising Activities - other
Sale of equipment
**9d**
**Investment income**
Dividends and Interest
**9e**
**Other income**
Introduction of linked charity property
**Total income**|**Linked Charity**
**Unrestricted**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2024**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
-
130,581
6,045
136,626
-
21,718
-
21,718
-
7,437
-
7,437
-
481
4,358
4,839
-
121
-
121
-
-
3,243
3,243
-
-
4,720
4,720
-
-
13,079
13,079
-
-
3,000
3,000
-
7,298
1,204
8,502
-
484
5,000
5,484
-
-
-
-
-
33,703
2,263
35,966| |---|---| ||**-**
**201,823**
**42,912**
**244,735**| ||-
3,795
-
3,795
-
95
716
811
-
168
2,663
2,831
-
-
107
107
-
2,801
-
2,801
-
1,140
-
1,140| ||**-**
**7,999**
**3,486**
**11,485**| ||-
-
-
-
-
-
716
716
-
-
4,532
4,532
-
1,159
766
1,925
-
-
-
-| ||**-**
**1,159**
**6,014**
**7,173**| ||**-**
**6,575**
**1,114**
**7,689**| ||413,405
**-**
**-**
**413,405**| ||| ||**413,405**
**217,556**
**53,526**
**684,487**| The £413,405 included within other income is the Parish Centre building held by the Ulverston Parish Centre charity (1129826-1). The charity is linked to The Parochial Church of the Ecclesiastical Parish of St Mary with Holy Trinity Ulverston as at 16 August 2024. As such the asset has been introduced into the combined financial statements of the entity in line with the Charities SORP. **10** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** |**Notes**
**9**
**Income** **(****_previous year_ )**
**9a**
**Voluntary income**
Planned Giving - Gift Aided
Planned Giving - Non Gift Aided
Ordinary Cash Collections
Wedding & Funeral Charitable Collections
Wedding & Funeral St John's Restoration Appeal
Special Collections
St Mary's Restoration Appeal Donations
St John's Restoration Appeal Donations
Children & Youth Appeals & Donations
Sundry Donations
Grants
Legacies
Gift Aid Tax Recovered
**9b**
**Church activities**
PCC Fees
Discipleship & Nurture including Parish Fellowship
Youth Church
Junior Church
Toddler Group
Mission & Outreach including Coffee & Chat
**9c**
**Activities for generating funds**
Parish Centre lettings
Fundraising Activities - Restoration Mission
Fundraising Activities - St John's
Fundraising Activities - other
**9d**
**Investment income**
Dividends and Interest
**9e**
**Other income**
Introduction of linked charity property
**Total income**|**Linked Charity**
**Unrestricted**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
-
110,949
5,732
116,681
-
17,766
20
17,786
-
11,909
-
11,909
-
750
4,574
5,324
-
-
-
-
-
-
3,511
3,511
-
-
6,234
6,234
-
-
2,646
2,646
-
-
2,500
2,500
-
4,561
-
4,561
-
2,912
(471)
2,441
-
-
-
-
-
28,815
2,127
30,942| |---|---| ||**-**
**177,662**
**26,873**
**204,535**| ||-
5,096
-
5,096
-
429
509
938
-
-
1,150
1,150
-
1,173
-
1,173
-
2,422
-
2,422
-
529
43
572| ||**-**
**9,649**
**1,702**
**11,351**| ||-
3,131
-
3,131
-
-
220
220
-
-
471
471
-
1,050
55
1,105
-
-
-
-| ||**-**
**4,181**
**746**
**4,927**| ||**-**
**10,987**
**999**
**11,986**| ||**-**
**-**
**-**
**-**| ||| ||**-**
**202,479**
**30,320**
**232,799**| **11** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** ||||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---| ||||**Funds**|**Funds**|**Funds**| |||**Notes**|**2024**|**2024**|**2024**| |**10**|**Expenditure (****_current year_ )**||**£**|**£**|**£**| |**10a **|**Missionary and charitable giving**||||| ||Home Mission and Secular|**12a**|5,852|-|5,852| ||Overseas Mission and Relief|**12b**|11,478|-|11,478| ||**Total from PCC's own funds**|**12**|17,330|-|17,330| ||Special Collections|**13**|-|1,686|1,686| ||Wedding and Funeral Collections|**14**|-|4,359|4,359| ||||17,330|6,045|23,375| |**10b **|**Church activities**||||| ||Ministry: Parish Offering|**see footnote**|94,639|-|94,639| ||Ministry: Working Expenses||960|-|960| ||Church Buildings: Heat, Light and Water||2,887|19,882|22,769| ||Church Buildings: Insurance||9,863|-|9,863| ||Church Repairs and Equipment||2,885|30,347|33,232| ||Restoration Mission costs||-|99|99| ||Parish House Running costs||-|-|-| ||Churchyards||1,188|-|1,188| ||Deanery||500|-|500| ||Youth & Junior Church||-|7,261|7,261| ||Mother & Toddler Group and Holiday Club||-|805|805| ||Worship, Organist, Choir||6,712|-|6,712| ||Discipleship and Nurture - CAP Debt Centre||-|-|-| ||Discipleship and Nurture including Parish Fellowship||1,461|1,583|3,044| ||Mission and Outreach including Coffee & Chat||840|723|1,563| ||Miscellaneous||655|-|655| ||Depreciation of Assets for Charitable Purposes||3,097|-|3,097| ||Governance & administration|**11**|33,578|-|33,578| ||||159,265|60,700|219,965| |**10c **|**Costs of generating funds**||||| ||Parish centre running costs||14,986|125|15,111| ||Parish centre windows||-|-|-| ||Fundraising - Restoration Mission||-|549|549| ||Fundraising and trading costs of goods sold||-|-|-| ||||14,986|674|15,660| |**10d **|**Costs of investment income**||-|-|-| ||||||| ||**Total expenditure**||**191,581**|**67,419**|**259,000**| ## Ministry: Parish Offering For the year ended 31 December 2024 £6,575 was made from the Eden Tree Investment dividend income which was contributed towards costs included within the Parish Offering that related to Children and Youth activities. **12** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** ||||**Unrestricted**|**Restricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||||**Funds**|**Funds**||**Funds**| |||**Notes**|**2023**|**2023**||**2023**| |**10**|**Expenditure (****_prior year_ )**||**£**|**£**||**£**| |**10a **|**Missionary and charitable giving**|||||| ||Home Mission and Secular|**12a**|5,076|-||5,076| ||Overseas Mission and Relief|**12b**|11,187|-||11,187| ||**Total from PCC's own funds**|**12**|16,263|-||16,263| ||Special Collections|**13**|-|3,568||3,568| ||Wedding and Funeral Collections|**14**|-|4,574||4,574| ||||16,263|8,142||24,405| |**10b **|**Church activities**|||||| ||Ministry: Parish Offering|**see footnote**|107,500|-||107,500| ||Ministry: Working Expenses||335|-||335| ||Church Buildings: Heat, Light and Water||26,911|-||26,911| ||Church Buildings: Insurance||9,470|-||9,470| ||Church Repairs and Equipment||3,992|4,137||8,129| ||Restoration Mission costs||-|8,942||8,942| ||Parish House Running costs||-|-||-| ||Churchyards||438|-||438| ||Deanery||498|-||498| ||Youth & Junior Church||-|9,855||9,855| ||Mother & Toddler Group and Holiday Club||-|2,263||2,263| ||Worship, Organist, Choir||8,447||55|8,502| ||Discipleship and Nurture - CAP Debt Centre||1,650|-||1,650| ||Discipleship and Nurture including Parish Fellowship||2,485|583||3,068| ||Mission and Outreach including Coffee & Chat||1,940||43|1,983| ||Miscellaneous||383|-||383| ||Depreciation of Assets for Charitable Purposes||3,097|-||3,097| ||Governance & administration|**11**|29,393|-||29,393| ||||196,539|25,878||222,417| |**10c **|**Costs of generating funds**|||||| ||Parish centre running costs||12,111|-||12,111| ||Parish centre windows||-|-||-| ||Fundraising - Restoration Mission||-|689||689| ||Fundraising and trading costs of goods sold||-|-||-| ||||12,111|689||12,800| |**10d **|**Costs of investment income**||-|-||-| |||||||| ||**Total expenditure**||**224,913**|**34,709**||**259,622**| ## Ministry: Parish Offering For the year ended 31 December 2023 a transfer of £10,981 was made from the Eden Tree Investment dividend income to the general fund as a contribution towards costs included within the Parish Offering that related to Children and Youth activities. **13** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts for the year ended 31 December 2024** |**11 Governance & administration costs (****_current year_ )**
**Legal and professional fees**
Independent Examiner's fees
Accountancy, Payroll & Other services
Total fees payable to the Independent Examiner
Quinquennial Report fees
Other legal and professional fees
**Premises costs**
Office overheads and repairs
**Management and administration costs**
Salaries & NI - Administrative Staff
General Administration expenses
Total governance and administration costs
**Governance & administration costs (****_previous year_ )**
**Legal and professional fees**
Independent Examiner's fees
Accountancy, Payroll & Other services
Total fees payable to the Independent Examiner
Quinquennial Report fees
Other legal and professional fees
**Premises costs**
Office overheads and repairs
**Management and administration costs**
Salaries & NI - Administrative Staff
General Administration expenses
Total governance and administration costs|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
1,600
-
1,600
3,654
-
3,654| |---|---| ||5,254
-
5,254
-
-
-
1,860
-
1,860| ||7,114
-
7,114| ||5,345
-
5,345| ||5,345
-
5,345| ||13,490
-
13,490
7,629
-
7,629| ||21,119
-
21,119| ||| ||**33,578**
-
**33,578**| ||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
1,450
-
1,450
3,326
-
3,326| ||4,776
-
4,776
-
-
-
1,195
-
1,195| ||5,971
-
5,971| ||1,843
-
1,843| ||1,843
-
1,843| ||11,764
-
11,764
9,815
-
9,815| ||21,579
-
21,579| ||| ||**29,393**
**-**
**29,393**| **14** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** |**12**
**Charitable Giving from the PCC's own funds**
**12a Home Mission and Secular**
Alpha course
Church Walk School
C.P.A.S.
Hannah Wallace - support for ministry training
Mark & Sarah Callaghan "Jesters for Jesus"
Scripture Union
St Mary's Hospice
The Church Army
Charlie Day - support
ReCourse
Other
**12b Overseas Mission and Relief**
Barnabas Fund
Bethesda Burundi
Church Missionary Society
Jigsaw Kids Ministries
Miss B Barker
Open Doors
Tear Fund
James Tyson
Stephen and Katie Pointing
**Less**giving from restricted funds
**Total Charitable Giving from PCC's own funds**|**2024**
**2023**
**£**
**£**
360
-
1,128
876
1,056
816
-
-
-
888
924
696
504
360
776
576
540
864
360
-
204
-| |---|---| ||5,852
5,076| ||**2024**
**2023**
**£**
**£**
816
588
1,152
924
3,240
2,604
1,860
1,515
690
2,760
648
504
1,152
924
960
504
960
864| ||11,478
11,187| ||-
-| ||**17,330**
**16,263**| **15** ## **PCC St Mary with Holy Trinity Ulverston Notes to the Accounts** ## **for the year ended 31 December 2024** |**Charitable Giving from Special Collections**
Bishops Harvest Appeal Carlisle Diocesan
Carlisle Diocesan Growth Fund - Madi's Institution
Christingle Service Collection - Children's Society
Christmas Appeal -
Mind
Jigsaw
Shelter
Shelter Box
Royal British Legion Poppy Appeal
Princes Trust Coronation Day
World Vision
Other
From incoming resources:
Special Collections
Gift Aid Tax Recovered
**Charitable Giving from Wedding and Funeral Collections**
Barnardos
British Heart Foundation
Ulverston Rotary Club
Stroke Association
Christian Aid
St Mary's Hospice
Bay Hospital Charity
The Fire Fighters Charity
Lookin Good, Feelin Great
Abbeyfield Ulverston
Other
From incoming resources:
Wedding and funeral collections
Gift Aid Tax Recovered|**2024**
**2023**
**£**
**£**
430
513
-
-
-
561
-
-
218
-
-
609
-
609
820
846
-
62
-
-
218
368| |---|---| ||1,686
3,568| ||1,686
3,501
-
67| ||1,686
3,568| ||**2024**
**2023**
**£**
**£**
-
55
-
372
599
-
409
-
306
-
2,190
1,140
-
410
-
1,385
-
771
306
-
549
441| ||4,359
4,574| ||4,359
4,574
-
-| ||4,359
4,574| ## **13 Charitable Giving from Special Collections** ## **14 Charitable Giving from Wedding and Funeral Collections** **16** ## **PCC St Mary with Holy Trinity Ulverston Notes re Quinquennial Inspections for the year ended 31 December 2024** ||**Budget Costs**| |---|---| ||**£**| |**The quinquennial inspection of the Parish Church was held in May 2022**|| |Works requiring urgent attention|| |Remove all plant growth from the flat valley gutter.|100| |Works recommended to be carried out within 12 months of report|| |Replace all external rainwater goods including the vertical pipe through the ringing chamber.|100,000| |Repairs to the tower masonry.|300,000| |Repairs to the south aisle masonry.|150,000| |Repairs to the south porch masonry.|15,000| |Check stability of belfry louvres.|2,000| |Re-plaster the walls in the ringing chamber.|6,000| |Replace all internal wall finishes at the base of the tower.|12,000| |Trial removal of hard cement pointing to the Norman archway in the south porch.|500| |Re-dressing of stones to the west window of the south porch and local re-pointing, combined with external|2,000| |repairs to gutter lining and masonry (to prevent concentrated water ingress).|| |Check all fixings to wall tablets inside the church and allow for introducing additional brackets to some.|4,000| |Rebuild the west boundary wall in two locations.|4,000| |**The quinquennial inspection of St John's Church was held in May 2022**|| |Works requiring urgent attention|| |Repair leaking gutter on north side of nave between windowsnIVandnV.|100| |Repair the leaking cast-iron eaves gutter on the south side of the nave above windowsVII.|300| |Repair leaking uPVC gutter on the east side of the chancel.|100| |Works recommended to be carried out within 12 months of report|| |Re-fix area of loose slates at the east verge of the nave north slope and investigate condition of underlying|| |structure. Inspect the stability of the stone cross. Lift and re-bed ridge as necessary.|800| |Structural engineer’s investigations and feasibility study for temporary shoring, buttressing and if|| |necessary, rebuilding of the south elevation of the nave. NOTE No allowance made for the cost of the work|| |which will be subject to the findings and advice of the structural engineer.|1,500| **17**