OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

St Michael’s Church, Myland, Colchester

Trustees’ Annual Report and

Financial Statements

of the Parochial Church Council

for the year ended 31st December 2024

Incumbent:

In vacancy from 7[th] April 2024

Bankers: Santander plc Bootle Liverpool

Treasurer:

Vacancy – temporarily Sarah King Church Administrator

Independent Examiner: John Mehen 1 Barnfield Road Great Horkesley Colchester CO6 4TR

Page 1

This page is intentionally blank

Page 2

Trustees’ Annual Report of the Parochial Church Council of

St. Michael’s Church, Myland, Colchester

For the year ended 31[st] December 2024

Aims and Purposes

St Michael’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, the Reverend Raymond Gibbs, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. From April 7[th] 2024 St. Michael’s entered vacancy.

The PCC is also specifically responsible for the maintenance of the church and halls complex of St. Michael, Mile End Road, Mile End, Colchester and for part of the year, The Community Room at Paprika House, Apprentice Drive, New Braiswick Park, Colchester.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Michael. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and especially the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of the parish community through:

Achievements and Performance

We continue to owe a huge debt of gratitude to Lesley and Sue as Churchwardens and to Sarah in the church office for all that has been achieved in the past year. The Easter and Christmas seasons saw pleasing numbers, given that Christmas Eve was a working day. There have been definite signs of growth in general church numbers, with new members joining across the age spectrum. This is something to celebrate and we rejoice that giving has remained high and that many continue to make a significant contribution to keeping St Michael’s running, especially during the vacancy.

Worship and Prayer

The PCC remains keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling, and such services include traditional Holy Communion, quiet morning prayer, wholeness and healing, family worship, and celebrations or commemorations of significant dates and events.

Regular Services

Our pattern of services has remained consistent for the year. We continue to use the Church all year round for Sunday worship, and requested funerals, memorials and weddings. Since April 2024 we have also offered Morning Prayer on Friday and are grateful to Lesley and Kevin and to Sue and Roger for

Page 3

holding this as often as they are able. The prayer diary, which had been running for nearly four years, is now printed in the monthly newsletter and contains a suggested daily Bible Reading and psalm with prayers for people to worship daily in their own home.

All are welcome to attend our services, which remain of a high quality, and preaching has often been inspired. The demand for baptisms remains high in comparison to other churches, and there has been a recovery in our weddings with a number being booked in for 2025.

Church Electoral Roll

Preparation of a new electoral roll has been completed in 2025 and the number on the new roll stands at 65 . There are 47 people that reside in the Parish and 18 non-residents.

In 2024 the number on the Electoral Roll was 65.

Milestone and Special Services

As well as our regular services, we enable our community to celebrate and thank God at the milestones of their journey through life, funeral services/burial of ashes/ memorials have carried on throughout 2024, and the demand for our services remains high. Both the Harvest Festival service and the Service of Remembrance were well attended, and we were delighted to welcome representatives of our uniformed organisations, who also read during the Remembrance service. The satellite Foodbank based in the hall foyer is now established every Friday morning and we are grateful to all who volunteer to provide this valuable service to our community.

Music

We are indebted to Joe and John who play so well for us, as they provide excellent leadership in worship, as well as supporting funerals and weddings as they are able. We continue to be grateful to Barbara Cutter, who covers music as and when necessary. It was good to hear the choir again at Christmas.

Deanery Synod / Diocesan Synod / General Synod

We have recently re-elected a member of the PCC to Deanery Synod and to receive reports of what happens at both Diocesan and General Synod. The General Synod has passed legislation and published draft prayers for the blessing of same sex couples in church, this is a big step for those in favour and against such a move, and is now being debated at a Diocesan level, eventually this will come down to individual priests and parishes to decide upon.

St. Michael’s Church and Myland Parish Halls

We have had some ongoing issues with the heating in the church and although it is an old system; Churchwardens and partners have worked tirelessly to keep it going and to ensure repairs are carried out efficiently. Especially during vacancy, we have been unable to prioritise any work on the church building, but work has been carried out to maintain and improve the church halls, including the installation of new cameras on the church and bringing the church system over to the halls for ease of use

Pastoral Care

In 2024 we have continued to do our best to care for each other in the church community. Though our numbers are increasing, a small group continues to offer pastoral support to those in our congregation who are struggling. I believe that we do a good job of looking after each other, as we also nurture and befriend those joining us who are new to the faith. It has been a joy to baptise two adults during 2024, who have recently come to faith.

Ray continued to visit Woodland View and to hold a weekly communion service there until his retirement in April 2024. We are sorry that this work has not been able to be carried forward into vacancy, though we would very much hope that this could be resumed once a new incumbent is appointed. The Clergy and churchwardens remain contactable at all times, with email addresses and telephone numbers readily available, including on the website and in newsletters.

Page 4

Mission and Evangelism

Our Parish Mission Statement continues to be: “Following Jesus’ Great Commission, we will continue the ministry of Jesus and live the message of Jesus in the manner of Jesus”. This mission takes us out into the community; a community that is diverse, dynamic and an ever-growing in population. Our mission to the schools in the parish continues and we were able to deliver Posadas to groups at Myland and Queen Boudicca schools. Both of these schools used the church for their school Christmas concerts, which was wonderful. The highlight being children from Queen Boudicca school singing Away in a Manger by candlelight. We are grateful to local minister, Lynsey Heslegrave, for taking Christingle services at Queen Boudicca, where she also exercises ministry. We would hope to make further connections with the school on New Braiswick Park again and to forge some links with Camulus school as we are able. The annual Operation Christmas Child Shoebox Appeal, although smaller in number, happened, as did the Lent lunches and the Children’s Society box appeal, which continues to be encouraging.

The church is a ‘hub’ to which many people are drawn for a variety of reasons, but we hope and pray for new opportunities to arise for us to develop new ways to encourage parish newcomers, as well as more longstanding residents to be aware of our presence, our mission and the fellowship we offer.

New Braiswick Park Mission

The under lease for the Community Room was surrendered on the 26[th] April 2024. However, it took a few months to cancel the contract with the energy supplier. This has now happened and on the 27[th] September 2024 all remaining funds were returned to St. Michael’s.

Ecumenical Relationships

The church is a member of Churches Together in Myland (CTIM), and re-committed itself to working in unity in 2023. We have joined together on Palm Sunday for the blessing of the Palms for all our churches and for a service to mark the Week of Prayer for Christian Unity in January. Although a planned BBQ didn’t go ahead in the summer, plans are sure to be discussed again for a Churches Together picnic and an opportunity for us to enjoy getting to know each other better.

Financial Review (Important - Please read it)

The financial review is provided within the attached Treasurer’s Report on Page 8.

Reserves Policy

It is our policy to invest our current funds balances with the CBF Church of England Deposit Fund, and longer term monies with the CCLA Central Board Investment Fund.

Further Information

We are thankful for all those who continued to support our mission and ministry here in Myland, especially since we went into vacancy. We are grateful to all those who have stepped up and will continue to step up to keep the church running smoothly. We hope to encourage greater stewardship so that we may build on our work here, expand our activities across needs and age groups, and enable St. Michael’s Church to continue to serve the parish of Myland in the future.

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules 2022. At St Michael’s, the membership of the PCC consists of ex-officio positions, namely our clergy team, churchwardens, and Deanery Synod representatives as well as members elected by those of the congregation who are on the electoral roll of the church. Other members are co-opted if and when appropriate. All those who attend our services/members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

Page 5

During 2024, the PCC held seven meetings. The average attendance was 77.57%.

In accordance with the Church Representation Rules 2022 Rule M5 (3), 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 Bishop’s guidance on safeguarding children and vulnerable adults).

Administrative Information

St Michael’s Church is situated in Mile End, Colchester. It is part of the Diocese of Chelmsford within the Church of England. The correspondence address is Myland Parish Church Office, Myland Parish Halls, Mile End Road, Colchester, Essex CO4 5DY.

The PCC is a body corporate (Parochial Church Council Powers Measure 1956, Church Representation Rules 2020) and is a charity registered with the Charity Commission number 1130020.

PCC members who served from 1st January 2024 until the date this report was approved were:

Incumbent (Priest-in-Charge): Reverend Raymond Gibbs (Chair) Until 7[th] April 2024 Associate Priest: Reverend Hazel Greenland – Chair from 8[th] April 2024 Churchwarden: Mrs Lesley Hindle Mrs Susan Smith from 5[th] May 2024 Representative - Deanery Synod: Mrs June Chandler until 5[th] May 2024 Mr Andrew Ayton from 5[th] May 2024 Elected Members Treasurer: Chelmsford Diocesan Support until 31[st] May 2024 – Role Vacant PCC Secretary: Vacancy (Acting: Mrs Sarah King) Other Members: Mrs Jillian Bollen Mr Roger Smith Mrs Susan Smith until 5[th] May 2024 Mr Joe Richardson Mr Andrew Ayton until 5[th] May 2024 Mrs Jenny Spence from 5[th] May 2024 - 15[th] August 2024 Mrs Sheila Wilson from 5[th] May 2024 Mr John Barratt from 5[th] May 2024

THIS REPORT WAS APPROVED BY THE PAROCHIAL CHURCH COUNCIL ON * 2025 AND SIGNED ON THEIR BEHALF BY THE CHAIR, THE REVEREND HAZEL GREENLAND

Page 6

Statement of Financial Activities

Unrestricted Unrestricted Designated Restricted Endowment Total Prior year
funds funds funds funds funds total funds
Receipts
Planned giving 34,386 175 34,561 34,555
Collections and other giving 4,043 4,043 2,528
Other voluntary receipts 25,841 640 26,481 17,772
Gift Aid recovered 10,438 10,438 9,088
Other receipts 908 908 60
Activities for generating funds 2,576 77 2,652 4,520
Investment Income 515 516 25 1,056 667
Receipts from church activities 5,752 39,203 44,955 39,087
Total income 83,552 40,704 840 125,096 108,276
Payments
Cost of generating funds 483 483 613
Missionary and Charitable Giving 43 43 612
Parish Share 51,975 51,975 46,932
Clergy and Staffing costs 8,343 8,343 9,904
Church Running Expenses 17,560 166 17,726 12,981
Hall Running Costs 37,362 369 37,730 37,308
Total expenditure 78,405 37,362 534 116,301 108,350
Gains / losses on investment assets 109 109 408
Net income / (expenditure)
resources before transfer 5,147 3,342 306 109 8,904 334
Transfers
Gross transfers between funds - in 1,433 1,433 43
Gross transfers between funds - out (1,433) (1,433) (43)
Other recognised gains / losses
Net movement in funds 5,147 1,909 1,738 109 8,904 334
Reconciliation of funds
Total funds brought forward 10,151 11,062 2,214 4,745 28,172 27,837
Total funds carried forward 15,298 12,971 3,952 4,854 37,076 28,172
Represented by
Unrestricted
General fund 15,298 15,298 10,151
Designated
Fabric/Restoration Fund 7,068 7,068 6,804
Halls Fund 5,903 5,903 4,257
Restricted
Friends of St Michael's Church 3,010 3,010 2,810
Youth Group initiative 2023 942 942 468
Endowment
Canon Bolsin Fund 4,854 4,854 4,745

There may be minor discrepancies in the totals if the pence are not being shown.

Page 7

Statement of assets and liabilities

Class and nominal code General Designated Restricted Endowment Total Last year
Fixed assets - Investments
6450 : CBIFS 6B3022485-01 Bolsin 4,854 4,854 4,745
Total 4,854 4,854 4,745
Current assets - Cash at bank and in hand
6501 : Santander Current Account 2,424 420 1,342 4,187 7,411
6501 : Santander Current Account (1,064)
6510 : CCLA CB3022484-01 12,874 12,551 3,010 28,435 17,380
Total 15,298 12,971 4,352 32,622 23,727
Liabilities - Agency accounts
6699 : Agency collections 400 400 300
Total 400 400 300
Net total assets 15,298 12,971 3,952 4,854 37,076 28,172
Represented by
Unrestricted - General 15,298 15,298 10,151
Designated - Fabric 7,068 7,068 6,804
Designated - Halls 5,903 5,903 4,257
Restricted - Friends 3,010 3,010 2,810
Restricted - Youth 942 942 468
Restricted - NBPM (1,064)
Endowment - Bolsin 4,854 4,854 4,745
Total 15,298 12,971 3,952 4,854 37,076 28,172

Notes

Page 8

Analysis of income & expenditure

INCOME

Unrestricted
Designated
Restricted
Endowment
This year
Last year
Planned giving
0101 - Gift Aid - Bank
29,590

175

29,765
28,107
0110 - Gift Aid - Envelopes
3,871



3,871
5,139
0201 - Other planned giving
925



925
1,309
Planned giving Totals
34,386

175

34,561
34,555
Collections and other giving
0301 - Loose plate collections
2,820



2,820
2,528
0302 - Contactless donations
1,223



1,223

Collections and other giving
4,043



4,043
2,528
Totals
Other voluntary receipts
0410 - Giving through church boxes





93
0550 - Donations appeals etc
25,209

640

25,849
16,164
08A1 - Non-recurring one-off grants
632



632
1,515
Other voluntary receipts Totals
25,841

640

26,481
17,772
Gift Aid recovered
0601 - Tax recoverable on Gift Aid
10,438



10,438
9,088
Gift Aid recovered Totals
10,438



10,438
9,088
Other receipts
0901 - Other funds generated





60
1310 - Insurance claims

908


908

Other receipts Totals

908


908
60
Activities for generating funds
0910 - General Fundraising
2,576



2,576
4,520
1220 - Bookstall sales - fund raising

77


77

Activities for generating funds
2,576
77


2,652
4,520
Totals
Investment Income
1001 - Dividends
132



132
130
1020 - Bank and building society
383
516
25

924
537
interest
Investment Income Totals
515
516
25

1,056
667
Receipts from church activities
1101 - Fees for weddings and funerals
5,752



5,752
4,731
1230 - Church hall lettings

39,203


39,203
34,355
Receipts from church activities
5,752
39,203


44,955
39,087
Totals
Receipts Grand totals
83,552
40,704
840

125,096
108,276
Unrestricted
Designated
Restricted
Endowment
This year
Last year
29,590

175

29,765
28,107
3,871



3,871
5,139
925



925
1,309
Unrestricted
Designated
Restricted
Endowment
This year
Last year
29,590

175

29,765
28,107
3,871



3,871
5,139
925



925
1,309
34,386

175
2,820


1,223


34,561
34,555

2,820
2,528

1,223
4,043





25,209

640
632


4,043
2,528


93

25,849
16,164

632
1,515
25,841

640
10,438


26,481
17,772

10,438
9,088
10,438






908

10,438
9,088


60

908

908

2,576



77

908
60

2,576
4,520

77
2,576
77

132


383
516
25

2,652
4,520

132
130

924
537

1,056
667

5,752
4,731

39,203
34,355
5,752
39,203

44,955
39,087
83,552
40,704
840

125,096
108,276

Page 9

EXPENDITURE

Unrestricted
Designated
Restricted
Endowment
This year
Last year
Cost of generating funds
1730 - Costs of fetes & other events
483



483
613
Cost of generating funds Totals
483



483
613
Missionary and Charitable Giving
1830 - Giving - relief and development





612
agencies
1850 - Home mission
43



43

Missionary and Charitable Giving
43



43
612
Totals
Parish Share
1901 - Parish Share
51,975



51,975
46,932
Parish Share Totals
51,975



51,975
46,932
Clergy and Staffing costs
2050 - Salary of parish administrator
8,343



8,343
9,904
Clergy and Staffing costs Totals
8,343



8,343
9,904
Church Running Expenses
2201 - Parish training and mission
100



100
408
2203 - Youth Work Expenditure


166

166

2301 - Church running - insurance
2,129



2,129
2,039
2320 - Organ / piano tuning
175



175
340
2330 - Church maintenance
3,676



3,676
923
2340 - Upkeep of services
2,220



2,220
1,725
2350 - Upkeep of churchyard
200



200
350
2351 - Cremated remains area
250



250
81
2360 - Administration
4,142



4,142
3,123
2401 - Church running - electric
4,523



4,523
3,848
2420 - Church running - water
144



144
144
Church Running Expenses
17,560

166

17,726
12,981
Totals
Hall Running Costs
2530 - Hall running - electricity

3,791
215

4,005
3,766
2540 - Hall running - gas

3,194
154

3,348
6,351
2550 - Hall running - insurance

1,703


1,703
562
2560 - Hall running - maintenance

5,235


5,235
3,390
2561 - Halls Cleaning

12,327


12,327
12,813
2562 - Halls Booking Clerk

8,343


8,343
8,243
2563 - Halls Consumables

622


622
122
2570 - Hall running - telephone

1,392


1,392
1,200
2580 - Hall running - water

754


754
861
Hall Running Costs Totals

37,362
369

37,730
37,308
Payments Grand totals
78,405
37,362
534

116,301
108,350
GRAND TOTAL
5,147
3,342
306
— 8,795 (74)
Unrestricted
Designated
Restricted
Endowment
This year
Last year
Cost of generating funds
1730 - Costs of fetes & other events
483



483
613
Cost of generating funds Totals
483



483
613
Missionary and Charitable Giving
1830 - Giving - relief and development





612
agencies
1850 - Home mission
43



43

Missionary and Charitable Giving
43



43
612
Totals
Parish Share
1901 - Parish Share
51,975



51,975
46,932
Parish Share Totals
51,975



51,975
46,932
Clergy and Staffing costs
2050 - Salary of parish administrator
8,343



8,343
9,904
Clergy and Staffing costs Totals
8,343



8,343
9,904
Church Running Expenses
2201 - Parish training and mission
100



100
408
2203 - Youth Work Expenditure


166

166

2301 - Church running - insurance
2,129



2,129
2,039
2320 - Organ / piano tuning
175



175
340
2330 - Church maintenance
3,676



3,676
923
2340 - Upkeep of services
2,220



2,220
1,725
2350 - Upkeep of churchyard
200



200
350
2351 - Cremated remains area
250



250
81
2360 - Administration
4,142



4,142
3,123
2401 - Church running - electric
4,523



4,523
3,848
2420 - Church running - water
144



144
144
Church Running Expenses
17,560

166

17,726
12,981
Totals
Hall Running Costs
2530 - Hall running - electricity

3,791
215

4,005
3,766
2540 - Hall running - gas

3,194
154

3,348
6,351
2550 - Hall running - insurance

1,703


1,703
562
2560 - Hall running - maintenance

5,235


5,235
3,390
2561 - Halls Cleaning

12,327


12,327
12,813
2562 - Halls Booking Clerk

8,343


8,343
8,243
2563 - Halls Consumables

622


622
122
2570 - Hall running - telephone

1,392


1,392
1,200
2580 - Hall running - water

754


754
861
Hall Running Costs Totals

37,362
369

37,730
37,308
Payments Grand totals
78,405
37,362
534

116,301
108,350
GRAND TOTAL
5,147
3,342
306
— 8,795 (74)
Unrestricted
Designated
Restricted
Endowment
This year
Last year
483



483
613
17,560

166

17,726
12,981

3,791
215

4,005
3,766

3,194
154

3,348
6,351

1,703


1,703
562

5,235


5,235
3,390

12,327


12,327
12,813

8,343


8,343
8,243

622


622
122

1,392


1,392
1,200

754


754
861

37,362
369

37,730
37,308
78,405
37,362
534

116,301
108,350
5,147
3,342
306
— 8,795 (74)
GRAND TOTAL

Page 10

Fund movement by type

Unrestricted
General - General fund
10,151
83,552
78,405



15,298
Sub-totals
10,151
83,552
78,405



15,298
Fund and type
Fund balances
Incoming
Outgoing
Transfers
Gains and
Journal
Fund balances
brought forward
Resources
Resources
Losses
Entries
carried forward
Designated
Fabric -
6,804
264




7,068
Fabric/Restoration
Fund
Halls - Halls Fund
4,257
40,440
37,362
(1,433)


5,903
Sub-totals
11,062 40,704
37,362
(1,433)

12,971
Restricted
Friends - Friends of St
2,810
200




3,010
Michael's Church
Youth - Youth Group
468
640
166



942
initiative 2023
NBPM - New
(1,064)

369
1,433



Braiswick Park Mission
Sub-totals
2,214
840
534
1,433


3,952
Endowment
Bolsin - Canon Bolsin
4,745



109

4,854
Fund
Sub-totals
4,745



109

4,854
Totals
28,172
125,096
116,301

109

37,076

Notes

Page 11

Independent examiner’s report to The PCC of St Michael’s Myland, Colchester on the Accounts for the year ended 31 December 2024

Respective responsibilities of the PCC and the examiner

The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an Independent examination is needed.

It is my responsibility to

Basis of Independent Examiners Statement

My examination was carried out in accordance with the 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 account presented with those records. It is also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an opinion on the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 5[th] March 2025

John Mehen Treasurer, Great Horkesley PCC 1 Barnfield Road Great Horkesley Colchester CO6 4TR

Page 12

Parochial Church Council of St. Michael’s Myland Treasurer’s Report for the year 2024

St Michaels Myland operated 7different funds in 2024, held within 3 physical accounts and the following report, together with the Financial Statements, are prepared from a software package specifically designed for use within the Church of England.

Church General Fund

This important Fund (Unrestricted) reflects the cost of Christian ministry at St. Michael’s Church, including the contribution made to the Diocesan Parish Share, which largely provides the stipend, pension and housing for the clergy. This remains the case even though we are in vacancy. We pride ourselves that even during vacancy we were able to pay £51,975 of the £57,273 2024 Parish Share.

Planned giving/Service collections income was up from £36,958 to £38,429. We also received a large donation and bequest which also boosted our Gift Aid collections. Parochial fees (weddings and funerals) were also up from £ 4,731 to £ 5752.

This means our total income was up from £71,611 in 2023 to £83,577 in 2024.

Costs are being kept under control, as far as we are able.

General Fund expenditure has been managed as well as possible. There was an increase in expenditure during the year up from £70,038 to £78,404. However, work was carried out to replace CCTV cameras and move the system over to the halls. Administration costs appear higher; however, the cost has now been split equally with the halls.

The Church received a grant of £632 for a new PC.

In 2024, we had an excess of income over expenditure amounting to £5,172.

Myland Parish Halls

The Halls had a much better year with lettings income up from £34,355 to £39,203.

Total receipts for the year were £40,414 and expenditure was £37,362.

Within the total costs figure, Repair and Maintenance costs rose from £3,390 in 2023 to £5,235 in 2024. Amongst the increase, work was carried out to fix the main hall door and replace glass panes in some of the small hall windows.

Cleaning costs were down slightly from £12,813 to £12,327. This does change throughout the year; in 2024 there were less party hires therefore less cleans required. We are grateful to our hall cleaners who have not increased their costs in recent years.

The net position was considerably better than in 2023, turning net expenditure of £1,086 last year to a net income of £3,053 in 2024. However, £1,433 was transferred from the halls fund to close the New Braiswick Park Fund.

This results in a total balance of £5,878 as at 31 December 2024 (up from £4,257 last year).

New Braiswick Park Mission Fund

The Community was continuing to make a loss each year, which was usually cleared by transferring funds from Myland Parish Halls Account.

Page 13

On the 26[th] April 2024 the underlease was surrendered and the keys returned. It took several months after this to end the contract with the electricity supplier Corona. During this time, bills were still having to be paid. Once closed down all funds were returned to us, backdated to 26[th] April 2024.

The account was in deficit £1,433 which was cleared with funds from the halls account. This fund has now been closed and deactivated.

Canon Bolsin Endowment Fund

The capital sum of £5,000 in this fund was donated many years ago, and is held in a share account; therefore, the value can regularly go up or down. We are currently permitted to utilise income from the Fund, but not the capital. The balance is currently £4,854 as at 31 December 2024, with an increase in value during the year of £109.

Fabric Fund

This fund receives gifts given specifically for the fabric of the Parish Church. During the year there was no expenditure taken for maintaining the Church. The balance is £7,068 on the 31 December 2024 which includes interest of £264.

Friends Fund

Although only a small fund yearly standing orders are received from people registered for donations, and this year we received £175 in standing orders and £25 in interest. The amount held as at 31 December 2024 is £3010.

Conclusion

The PCC say a huge ‘thank you’ for all that our members have given, continue to give, and fund raise, because it is through the regular giving of committed church members and others who value the on-going work and mission of this church that we are in the marvellous position we are, considering we are in vacancy.

Let us encourage each other to look again at what God is asking of us, as individuals and as a worshipping community, so that Gods name can be glorified in St. Michael’s.

It is up to each one of us to respond to God’s prompting through the work of the Holy Spirit. May we all be richly blessed by refocusing on what it is God is calling us to do in the parish of Myland.

Sarah King of behalf of the PCC

Page 14