## **St Mildred's Tenterden** 

## **Registered Charity 1130113** 

## **Financial Statements for Year Ended 31/12/24** 

## **Notes** 

||**Notes**|||||
|---|---|---|---|---|---|
|**Receipts**||**UnrestrictedRestricted**||**Total**|**Total**|
|Voluntary Receipts||**Funds**|**Funds**|**2024**|**2023**|
|**Regular Giving**||||||
|Planned Giving||111468||111468|131800|
|Collections etc.||17273||17273|13749|
|Tax Recovered||21702||21702|26225|
|**Total**||**150443**||**150443**|**171774**|
|Other voluntary receipts|5a|10469|622626|633095|150344|
|Fund generating activities|5b|10028|0|10028|10340|
|Receipts from church activities|5c|6342|23031|29373|30082|
|Other Income|5d|1919|0|1919|1276|
|**Total**||**179201**|**645657**|**824858**|**363816**|
|**Payments**||||||
|Church Activities||||||
|Diocesan Parish Share||105995||105995|103280|
|Other Payments|5e|90805|84240|175045|284292|
|**Total**||**196800**|**84240**|**281040**|**387572**|
|**Excess Receipts over Payments**||-17599|561417|543818|-23756|
|Bank Accounts 1/01/24||115860|209254|325114|348870|
|Bank Accounts 31/12/24||98261|770671|868932|325114|
|**Statement of Assets & Liabilities**||||||
|Cash Funds||||||
|Bank||98261|764651|862912|310872|
|Hall Bank Account|||6020|6020|14242|
|**Total**||**98261**|**770671**|**868932**|**325114**|
|Other Assets||||||
|CBF Investment|2||22121|22121|21240|
|Church Hall|3|||59624|59624|



## **Notes on Financial Statements** 

1. Prepared on Receipts and Payments basis under Church Accounting Regs 

2. CBF investment relates to the Hukin's Bequest for Church Fabric 

3. Hall on 999 year lease from 27/02/1995 

4. Reserves Policy is to retain a minimum of 6 months general expenses in reserves. Currently they Stand at approximately 7 months of projected 2024 spend. 

Page1 

5. Receipts & Payments Analysis 

**UnrestrictedRestricted** 

**Total Total** 



||**Funds**|**Funds**|**2024**|**2023**|
|---|---|---|---|---|
|(a) Other voluntary receipts|||||
|Legacies|0|0|0|0|
|Donations|10469|0|10469|62921|
|Choir|||0|0|
|For Foodbank||330|330|210|
|For Christmas Cheer||7247|7247|5202|
|For Fegans||0|0|0|
|Reordering (Transformation)||610067|610067|50080|
|Live Streaming||560|560|2263|
|Flower Festival||250|250|9634|
|Sunday Lunches||4172|4172|20034|
|**Total**|**10469**|**622626**|**633095**|**150344**|
|(b)Fund generating activities|||||
|Bookstall|1380||1380|1350|
|Magazine|4107||4107|4602|
|Sundry Events|4541||4541|4388|
|**Total**|**10028**|**0**|**10028**|**10340**|
|(c) Receipts from church activities|||||
|Fees|6342|0|6342|4700|
|Hall Hire||23031|23031|25382|
|**Total**|**6342**|**23031**|**29373**|**30082**|
|(d) Investment & Other Income|||||
|Interest|1594||1594|1006|
|CBF Dividend|325||325|270|
|Contribution from sale of land|||0|0|
|**Total**|**1919**|**0**|**1919**|**1276**|
|(e) Church Activities Payments|||||
|Charitable Giving|18000||18000|16685|
|Other Charitable Giving|||0|12146|
|For Foodbank|||0|0|
|Choir||0|0|0|
|For Christmas Cheer||5721|5721|9876|
|Other Funds|||0|0|
|Mission & Ministry|11538||11538|8220|
|Church Expenses|50125||50125|46865|
|Building Repairs|5524|9668|15192|82928|
|Reordering (Transformation)||33198|33198|59179|
|Hall Expenses||31253|31253|20899|
|Bookstall|0||0|0|
|Magazine|4760||4760|4942|
|Youth||3252|3252|0|
|Administration|14721||14721|13892|
|Recharge of Benefice Expenses|-15035||-15035|-11858|
|Live Streaming||0|0|0|
|Deposits Paid||0|0|19088|
|Sunday Lunches||1148||0|
|Other|1172|0|1172|1430|
|**Total**|**90805**|**84240**|**175045**|**284292**|



Page 2 

6 Summary of Transformation Project 

**2024 2023** 



|**Balance B/F**|**161345**|**170441**|
|---|---|---|
|**Receipts**|||
|Donations|554780|22319|
|Fund Raising|53037|11235|
|Bank Interest|2250|1622|
|**Total Receipts**|**610067**|**35176**|
|**Payments**|||
|New heating|9790|43262|
|Consultancy|23407|1009|
|**Total Payments**|**33198**|**44272**|
|**Balance C/F**|**738214**|**161345**|



7. Funds collected and held in the bank account on behalf of other recipients are included in the Movement of Funds Statement . 

||**1st Jan**|**Receipts **|**Payments Transfers**|**Payments Transfers**|**31st Dec**|
|---|---|---|---|---|---|
||**2024**||||**2024**|
|**Movement of Funds**||||||
|Youth|4368||3252||1116|
|Transformation|161345|610067|33198||738214|
|Foodbank|3837|330|||4167|
|Christmas Cheer|724|7247|5721|0|2250|
|Live Streaming|3706|560|||4266|
|Redecoration Fund|4000|||0|4000|
|Roof Repair Fund|22032||9668|0|12364|
|Other Funds|0||0|0|0|
|Deposits Paid|0|0|0|0|0|
|Flower Festival|0|250|||250|
|Sunday Lunches|0|4172|1148||3024|
|Hall|14242|23031|31253||6020|
|**Total**|**214254**|**645657**|**84240**|**0**|**775671**|
|**Movement of General Reserves**||||||
|Opening Balances 1/01/24|||||**110860**|
|**Increase in General Reserves in Year**|||||**-17599**|
|**Transfer to: Redecoration**||||||
|**Repairs**||||||
|**Closing Balance**|||||**93261**|
|**Total Cash Funds at 31/12/24**|||||**868932**|
|**Invested Funds at 31/12/24**||**Note 2**|**Market Price**||**22121**|