## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, BEDFORD** ## **REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDING** ## **31 DECEMBER 2024** |CONTENTS|| |---|---| ||Page| |Trustees’ Report|1 - 5| |Independent examiner's report|6| |Statement of financial activities|
7| |Balance sheet|8| |Notes to the financial statements|9-18| The Parochial Church Council of the Ecclesiastical Parish of St Andrew, Bedford, is registered with the Charity Commissioners for England and Wales (Charity no. 1130171.) 1 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW BEDFORD** ## **TRUSTEES’ REPORT FOR THE YEAR ENDING 31 DECEMBER 2024** ## **Aim and Purposes** The Parochial Church Council has the responsibility of co-operating with the Incumbent, the Reverend Canon Lucy Davis, in promoting in the ecclesiastical parish of St Andrew, Bedford, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibility for the maintenance of the Parish Church and Church Centre. ## **Objectives and Activities** When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit, and 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 our parish community through: - Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the parish. - Missionary and outreach work. ## **Achievements and performance** ## Worship and Prayer We have continued to offer two services of Holy Communion each Sunday - at 8 am and 10 am. There is also a regular Wednesday morning Communion Service. Morning and Evening Prayer are offered from Monday to Friday along with Compline on Fridays, Morning Prayer on Saturdays, and Evening Prayer on Sundays. All are welcome to attend our services, which are publicised on our website. People unable to be present in person have been invited to join services via a livestream on YouTube or on Zoom. As well as our regular services, we enable our community to celebrate and thank God at the milestones of life’s journey. In 2024 we held 12 baptisms and celebrated 1 wedding (2023 -13 baptisms and 1 wedding). We held 9 funerals in our church and conducted 10 funerals elsewhere on behalf of this church (2023 - 9 in church and 9 elsewhere). ## Pastoral Care St Andrew’s Visitors assist the vicar and curate in visiting those from the Parish who are unwell, housebound or in hospital. Once a month, in partnership with Neville’s funeral directors, a bereavement group ‘Talking Elephants’ is held, and is open to the whole community. ‘Coffee and Company’ also continues to reach out and offer fellowship to those who may be lonely. In addition, a service of Holy Communion is celebrated at Airedale Nursing Home once a month. ## Mission and Evangelism The congregation continues to support three charities carrying out God’s work in the world; in 2024 these Mission Partners were: Pajule in Uganda through World Vision, The Trussell Trust, and Emmaus Carlton. 2 St Andrew’s is committed to social justice as mission. We are a certified Real Living Wage employer, and are officially an ‘Inclusive Church.’ Members of St Andrew’s continue to volunteer at Bedford Winter Night Shelter, and the warm room at St Paul’s Bedford. This year, our Fairtrade shop drew to a close, which resulted in Transform Trade receiving the final balance of the accumulated funds to the tune of £23,835. ## Ecumenical relationships The church is a member of Churches Together in Bedford. ## Deanery Synod Five members of the PCC sit on the Bedford Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. ## Buildings The Quinquennial Inspection in 2022 commented that the buildings were in a ‘very good’ state of repair. This year has seen the repair of the gable end on the Church roof. Our suite of rooms are available to hire and are very well used by community groups throughout the week. ## **Financial review** **Net Deficit in 2024 was £27,305.** Net Deficit in 2023 was £27,165. - Of the Income of £429,018 (2023 £402,092), the major changes from 2024 were: - Planned Giving continued to rise with a total of £150,500 (up from £124,400) - Hall Trust grant to fund the repairs to the chapel end wall (£6,800). - The Hall Trust funding of salaries and expenses was £114,400, (2023 £97,000). - • Church lettings income increased to over £43,700 (2023 nearly £40,000). - Fundraising totalled £5,254 while the Christmas donations totalled £3,000. Of the Resources Expended of £456,323, (2023 £429,257) the major changes were - Fund Raising and Charitable Giving together totalled over £21,700 - down from the - 2023 (over £48,000) which included the grant of £25,000 to assist the Bedford Winter Night Shelter 2023/2024. - Parish Share was marginally up at £133,900. - Salaries were up by over £14,000. - Church repairs were £18,300 (2023 nearly £9,500). - Church energy costs were up by over £6,400. - Church Centre energy costs were up by over £3,000 ## **Reserves** ## Unrestricted Reserves The PCC has a reserves policy of one year’s expenditure; this policy was reviewed in 2024. At the end of 2024 the balance of the free reserves was £710,728. ## Restricted Reserves The restricted reserves of £7,059 can only be spent for the purposes for which they were originally donated. It is our policy to invest cash balances over and above those required to fund day to day expenditure with the CCLA Church of England Deposit Fund. ## **Legacy Policy** A legacy policy was reviewed in 2024. 3 ## **Structure, governance and management** The Parochial Church Council of the Ecclesiastical Parish of St Andrew, Bedford, is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity. The method of appointment of PCC members is set out in the Church Representation Rules. In this parish, the membership of the PCC consists of the incumbent (our vicar), the curate, 2 churchwardens, 5 members of Deanery Synod, 15 members elected by those members of the congregation who are on the electoral roll of the Parish. ## **Administrative information** The Parish Church of St Andrew is situated on Kimbolton Road, Bedford, MK40 2PF. The Parish is part of the Diocese of St Albans within the Church of England. The correspondence address is The Parish Centre, Kimbolton Road, Bedford, MK40 2PF. Registered charity number 1130171. PCC members who have served at any time from 1 January 2024 until the date this report was approved are: Incumbent The Reverend Canon Lucy Davis Curate The Reverend Joseph Barnes Churchwardens Ian Riches Michele Swales (from 21[st] April 2024) Carol Wood (until 21[st] April 2024) Representatives on Deanery Synod Gareth Burrows Elisabeth Thorne Jenny Tomlinson Timothy Papworth (from 21[st] April 2024) Ex officio Other Elected Members Sally Coleman (until 21st April 2024) Martin de Graft Johnson (from 21[st] April 2024) Viki Evans Christine Garrett Angela Huddart Roseanne Kinvig Love Valerie Littleford (until 21st April 2024) Lionel Mayoh Jo Newton Sam Pitkin Andrew Redfearn Tim Retout Susan Smith Alistair Sutcliffe Andrew Thomas Natasha Vaughan Carol Wood (from 21st April 2024) 4 Report approved by the PCC on 2V February 2025 and signed on their behalf by 40- Incumbent Church Warden Independent Examinerfs Report to the Parochial Church Council of St Andrew, Bedford I report on the accounts of Ihe Parochial Chur¢h Council of St Andrew, Bedford for the year ended 31 December 2024, which are set out on pages 7 to 18. Respective Responsibilities of Trustees and Examiners As the charity's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the PCC'S accounts carr(ed out under section 145 of the 2011 Act and in ¢arying out my examinats'on I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act Independent EXamine￿S Statement The Charily's gross income exceeded £250,000 and l am qualrfied to undertake the examination by being a qualrfied member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection wth the examination giving me cause to believe that in any material spect: 1. accounting records were not kept in respect of the Charity as required by s8Ction 130 of the Act.. or 2. the accounts do not accord with those records., or 3. the a¢¢ounts do not comply with the applicable requirements con￿mIng the fomi and conterrt of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached GP Lake B MFCA Chartered Accountant 32 Connaught Way BEDFORD MK417LB IS 2025 **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **For the year ended 31 December 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Note Funds Funds FUNDS Funds Funds FUNDS
£ £ £ £ £ £
Income and Endowments from:
Donations and legacies 2(a) 194,243 131,086 325,329 171,221 121,058 292,279
Charitable activities 2(b) 2,387 3,816 6,203 1,936 3,601 5,537
Other trading activities 2(c) 53,830 22,333 76,163 55,606 26,056 81,662
Investments 2(d) 21,323 - 21,323 22,614 - 22,614
Total 271,783 157,235 429,018 251,377 150,715 402,092
Expenditure on:
Raising funds 3(a) 9,429 3,142 12,571 11,783 5,123 16,906
Charitable activities 3(b) 265,647 178,105 443,752 283,356 128,995 412,351
Total 275,076 181,247 456,323 295,139 134,118 429,257
Net Expenditure / Income (3,293) (24,012) (27,305) (43,762) 16,597 (27,165)
Net gains / (losses) on investments 9(b) 13,231 - 13,231 43,875 - 43,875
(Unrealised)
Net movement in funds 9,938 (24,012) (14,074) 113 16,597 16,710
Reconciliation of funds:
Total funds brought forward 1,460,872 31,071 1,491,943 1,447,476 27,757 1,475,233
Transfer of funds - - - 13,283 (13,283) -
Total funds carried forward 1,470,810 7,059 1,477,869 1,460,872 31,071 1,491,943
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The accompanying notes are an integral part of these financial statements. 7 PAROCHIAL CHURCH COUNCIL OF ST ANDREW. BEDFORD BALANCE SHEET As at 31 DeGemb&r 2024 2024 2023 FIXED ASSETS Tangible fixed assets Investment TOTAL FIXED ASSETS 9(a) 9(b) 760,082 785,380 62G,71J4 1,412,064 1.402,899 CURRENT ASSErs Fairtrade at st Andre•/$- stock Debtors Cash 8t bank and in har TOTAL CURRENT ASSETS 10,21JO 14,373 88,221 112.794 10 11 15.155 123.436 138.591 LIABILITIES.. Amoubrrs FALLING DUE WIThIN 1 YEAR Accruals & deferred income TOTAL CURRENT LIABILITIES 12 63.621 63,821 32.915 32.915 CURRENT ASSETS 74.970 79,879 NET ASSETS 1.477,869 1.491.943 FUNDS Unreslricted Restricted TOTAL FUNDS 13 14 1.470.810 7.059 1.477.869 1,460.872 31,071 IA91,943 Approved by the Parochkgl Church CourKxl and signed on its behaff by 20 rJ, £ozr Chair The accompanying notes a￿ an Integral part of these finaniial statements. ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **CASHFLOW STATEMENT** ## **For the year ended 31 December 2024** **----- Start of picture text -----**
2024 2023
£ £
Reconciliation of net incoming / (outgoing) resources
to net cash inflow from operating activities
Net Incoming / (Outgoing) resources (14,074) 16,710
(Gain) / on investments (13,231) (43,875)
Depreciation of assets 25,278 25,520
Decrease / (Increase ) in stock 10,200 100
Decrease / (Increase) in debtors (782) 5,055
Increase / (Decrease) in creditors 30,706 2,469
Net cash inflow from operating activities 38,097 5,979
Investing activities
-
Purchase of tangible fixed assets (15,489)
-
Net investing activities (15,489)
Management of liquid resources
Dividends received and reinvested (2,882) (2,760)
(Decrease) in cash 35,215 (12,270)
Net Funds at 1 January 2024 88,221 100,491
Net Funds at 31 December 2024 123,436 88,221
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The accompanying notes are an integral part of these financial statements. 9 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024** ## **1 Accounting policies** The financial statements have been prepared in accordance with Part 8 of the Charities Act 2011, the Church (Accounts & Reports) Regulations 2008, together with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP (FRS102). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. 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. ## **Incoming Resources** ## _**Voluntary income and capital sources**_ Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Income tax recoverable on Gift Aid donations is recognized when the income is recognized. 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. All fundraising, and sales of books and magazines are accounted for gross. ## _**Other income**_ Rental income from the letting of church premises is recognized when the rental is due. ## _**Income from investments**_ Dividends are accounted for when due. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognized in the same accounting year. ## _**Gains and losses on investments**_ Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on revaluation of investments at 31 December. ## **Resources used** ## _**Grants**_ Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. 10 **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024** ## _**Activities directly relating to the work of the Church**_ The diocesan parish share is accounted for when paid. Any parish share 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. ## **Fixed assets** Except as stated below, fixed assets are stated at cost less depreciation and impairment. The tangible fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The carrying values of fixed assets are considered impaired when the anticipated undiscounted cash flows from such assets are less than their carrying values. In that event, a loss is recognised based on the amount by which the carrying value exceeds the fair value. ## _**Consecrated land and buildings and movable church furnishings**_ Consecrated and beneficed property of any kind is excluded from the accounts by the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected (at any reasonable time). For inalienable property acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalized and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis. With regard to the organ purchased in 2016 this will be depreciated over 53 years. The depreciation commenced during 2018 and from 2019 the balance of the capital cost will be spread over 52 years, thereby resulting in a depreciation charge of £10,000 in each of those years. Depreciation is to be charged on the Church Centre on a straight-line basis over its expected useful economic life of 50 years. ## _**Other fixtures, fittings and office equipment**_ Fixtures & fittings and office equipment used within the church premises are depreciated on a straight-line basis over their expected useful economic lives. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. Repairs and maintenance expenditure is written off as incurred. ## _**Investments**_ Investments are held at market value, being the bid-price at the balance sheet date. ## **Current assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. 11 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Note Funds Funds FUNDS Funds Funds FUNDS
2 Income and Endowments £ £ £ £ £ £
2(a) Income from donations and legacies
Planned giving 150,513 - 150,513 124,389 - 124,389
Income tax recovered 36,218 - 36,218 30,420 - 30,420
Loose Plate 2,866 - 2,866 3,326 - 3,326
Christmas collections - 3,000 3,000 - 2,683 2,683
Sundry donations and Legacies 4,646 - 4,646 12,836 - 12,836
Hall Trust Grant - Salaries and Expenses - 114,484 114,484 - 97,042 97,042
Hall Trust Grant - Projects - 6,801 6,801 - 9,200 9,200
Hall Trust Grant - Money Advice Service - - - - 3,772 3,772
Bedford Borough Council - grants - - - 250 7,087 7,337
Friends of St Andrew's - 6,801 6,801 - 1,274 1,274
Total Income from donations and legacies 194,243 131,086 325,329 171,221 121,058 292,279
2(b) Income from charitable activities
PCC Fees 2,387 - 2,387 1,936 - 1,936
Diocesan Fees - 3,816 3,816 - 3,601 3,601
Total Income from charitable activities 2,387 3,816 6,203 1,936 3,601 5,537
2(c) Income from other trading activities
Church Centre lettings 8(a) 43,742 - 43,742 39,903 - 39,903
Fundraising 5(a) 2,112 3,142 5,254 2,192 5,123 7,315
Concerts at St Andrew's 7,875 - 7,875 9,342 - 9,342
Fairtrade at St Andrew's 14 - 19,191 19,191 - 20,933 20,933
Rental Income (5 St Minver) - - - 3,991 - 3,991
Photocopying and miscellaneous 101 - 101 178 - 178
Total Income from other trading activities 53,830 22,333 76,163 55,606 26,056 81,662
2(d) Income from investments
PCC Dividends 6,504 - 6,504 6,327 - 6,327
PCC Interest 1,808 - 1,808 3,555 - 3,555
KP Trust
Capital Fund 9,997 - 9,997 9,817 - 9,817
Income Fund 2,712 - 2,712 2,671 - 2,671
Interest 302 - 302 244 - 244
Total Income from investments 21,323 - 21,323 22,614 - 22,614
TOTAL INCOME AND ENDOWMENTS 271,783 157,235 429,018 251,377 150,715 402,092
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12 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Note Funds Funds FUNDS Funds Funds FUNDS
£ £ £ £ £ £
3 Expenditure
3(a) Expenditure on raising funds
Fund Raising 5(b) 1,585 3,142 4,727 2,451 5,123 7,574
Concerts at St Andrew's 7,844 - 7,844 9,332 - 9,332
Total Fund-raising and publicity 9,429 3,142 12,571 11,783 5,123 16,906
3(b) Expenditure on charitable activities
Diocesan
Parish Share 133,884 - 133,884 131,629 - 131,629
Diocesan Fees - 3,816 3,816 - 3,601 3,601
Salaries and Expenses (excl Money Advice) 6 242 106,564 106,806 - 89,720 89,720
Fees 6 - 7,920 7,920 - 7,322 7,322
Ministry expenses 2,503 - 2,503 2,184 - 2,184
Upkeep of services 7,514 - 7,514 8,635 - 8,635
Church - Heat, light and insurance 25,141 - 25,141 18,647 - 18,647
Church - Minor repairs 11,460 6,801 18,261 6,452 3,004 9,456
Education 3,713 - 3,713 2,865 - 2,865
Magazine expenditure 1,767 - 1,767 1,756 - 1,756
Curate's house maintenance 3,470 - 3,470 15,018 - 15,018
Church Centre running costs 8(b) 27,548 6,801 34,349 20,841 1,274 22,115
Fairtrade at St Andrew's - purchases 14 - 17,976 17,976 - 16,785 16,785
Fairtrade at St Andrew's - expenses 14 - 248 248 - 686 686
Fairtrade at St Andrew's - donations 14 - 24,979 24,979 - 148 148
Money Advice Service - all expenditure - - - 3,772 3,772
Charitable giving 4 14,000 3,000 17,000 38,700 2,683 41,383
Printing and stationery 2,574 - 2,574 4,865 - 4,865
IT developments and support costs 5,582 - 5,582 5,696 - 5,696
Postage and sundries 660 - 660 548 - 548
Creation care 311 - 311 - - -
Depreciation 9(a) 25,278 - 25,278 25,520 - 25,520
Total Expenditure on charitable activities 265,647 178,105 443,752 283,356 128,995 412,351
TOTAL EXPENDITURE 275,076 181,247 456,323 295,139 134,118 429,257
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13 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** **----- Start of picture text -----**
2024 2023
4 CHARITABLE GIVING Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Funds Funds FUNDS Funds Funds FUNDS
See note £ £ £ £ £ £
L Bedford Winter Night Shelter 527 - 527 25,354 1,281 26,635
N Children's Society (Christingle, Outreach) 527 200 727 380 120 500
L Emmaus 4,000 - 4,000 3,000 - 3,000
N Home for Good - 1,400 1,400 - - -
L Impact - - - 800 - 800
I Leprosy Mission 180 - 180 - - -
I Swaziland Schools - - - 800 - 800
N Trussell Trust 4,000 - 4,000 4,000 - 4,000
I Turkey / Syria Earthquake appeal - - - 300 - 300
I Umeed - - - 800 - 800
I World Vision UK - Pajule 4,240 - 4,240 2,913 - 2,913
I World Vision UK - Middle East Appeal 526 1,400 1,926 353 1,282 1,635
Total Charitable giving 14,000 3,000 17,000 38,700 2,683 41,383
Note : L = Local, N = National, I = International
5 FUND RAISING 2024 2023
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
Funds Funds FUNDS Funds Funds FUNDS
5(a) INCOME £ £ £ £ £ £
Cards - - - 1 - 1
Christian Aid - - - - 200 200
Christmas Lunch (2023) - 368 368 - - -
Christmas Lunch (2024) - 542 542 - - -
Coffee and Company - 842 842 - 856 856
Coffee and Tea 1,893 - 1,893 1,999 - 1,999
Turkey / Syria Earthquake appeal - - - - 700 700
Emmaus - Toastie Club - - - - 600 600
- - - - - -
Film Nights
Foyer coffee 24 - 24 192 - 192
Green Fair - Expenses and A Rocha - - - - 1,261 1,261
Lent Lunches - 475 475 - 500 500
Pancake supper 195 - 195 - - -
St Albans Harvest Appeal - 617 617 - 758 758
World Vision UK - Pajule - 298 298 - 248 248
2,112 3,142 5,254 2,192 5,123 7,315
5(b) EXPENDITURE
Catering etc 165 - 165 180 - 180
Christian Aid - - - - 200 200
Christmas Lunch - Home for Good - 455 455 - - -
Christmas Lunch - WV UK - M E Appeal - 455 455 - - -
Coffee and Company - Childrens Society - 315 315 - 351 351
Coffee and Company - Foodbank - - - - 200 200
Coffee and Company - Salvation Army - 200 200 - 200 200
Coffee and Company - V Taylor Trust 200 200 - - -
Coffee and Company - expenses - 127 127 - 105 105
Coffee and Tea 957 - 957 720 - 720
Turkey / Syria Earthquake appeal - - - - 700 700
Emmaus - Toastie Club - - - - 600 600
Film nights 317 - 317 289 - 289
Foyer coffee 103 - 103 1,262 - 1,262
Green Fair - Expenses and A Rocha - - - - 1,261 1,261
Lent lunches - Emmaus - 475 475 - 500 500
Pancake supper 43 - 43 - - -
St Albans Harvest Appeal - Leprosy Mission - 424 424 - 758 758
St Albans Harvest Appeal - expenses - 193 193 - - -
World Vision UK - Pajule - 298 298 - 248 248
1,585 3,142 4,727 2,451 5,123 7,574
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14 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** **----- Start of picture text -----**
6 STAFF COSTS 2024 2023
£ £
Salaries and Expenses 103,805 91,866
* -
Employer's National Insurance Contributions (277)
Employer's Pension Contributions 3,001 1,903
106,806 93,492
Fees 7,920 7,322
Total Staff Costs 114,726 100,814
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- Net of Statutory Maternity Pay and Shared Parental Pay A grant from the Hall Trust enabled the PCC to employ the Centre Manager, two Administrative Assistants, Director of Music, Children and Families Minister, Children's Worker, Caretaker and Cleaner, together with funding the fees of the Verger, Locum Organists and Choristers. ## **7 RELATED PARTY TRANSACTIONS** There were related party transactions during the year and in 2023 as detailed below. |||**2024**|||**2023**|| |---|---|---|---|---|---|---| |**Name**|**Basis of**|**Payment**|**Pension**|**Basis of**|**Payment**|**Pension**| ||**payment**|**made**|**Contrib.**|**payment**|**made**|**Contrib.**| |||**£**|**£**||**£**|**£**| |**Gareth Burrows**|**Fees**|**7,143**|**-**|Fees|**6,569**|**-**| |Verger, payment on invoices received||||||| |Is a Member of St Andrew's Church PCC||||||| |**Roseanne Kinvig-Love**|**Salary**|**12,348**|**556**|Salary|**8,607**|**84**| |Children's Worker, Employment contract||||||| |Is a Member of St Andrew's Church PCC||||||| |**Elisabeth Sutcliffe**|**Salary**|**16,344**|**735**|Salary|**10,356**|**466**| |Children & Families' Minister, Employment contract||||||| |Her husband is a Member of St Andrew's Church PCC||||||| 15 ## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** **----- Start of picture text -----**
8 CHURCH CENTRE 2024 2023
£ £
8(a) Church Centre Lettings (Income)
Rate 1: Commercial users 6,766 5,620
Rate 2: Community users 18,524 17,166
Rate 3: Church Members & Charities 11,553 9,604
Rate 4: Guides, Brownies & Rainbows 3,003 3,808
Other 3,896 3,705
Total Church Centre Lettings 43,742 39,903
8(b) Church Centre Expenditure
Maintenance 19,771 9,165
Office 1,250 1,000
Utilities 12,854 11,571
Other 475 379
Total Church Centre Expenditure 34,350 22,115
9 FIXED ASSETS
Curate's Church Office Fixtures &
9(a) TANGIBLE FIXED ASSETS House Centre Equipment Fittings Total
£ £ £ £ £
COST
At 1 January 2024 76,311 253,569 30,551 783,682 1,144,113
Additions - - - - -
At 31 December 2024 76,311 253,569 30,551 783,682 1,144,113
DEPRECIATION
-
At 1 January 2024 (110,214) (29,411) (219,128) (358,753)
-
Charge for the year (4,678) (228) (20,372) (25,278)
At 31 December 2024 - (114,892) (29,639) (239,500) (384,031)
NET BOOK VALUE
At 1 January 2024 76,311 143,355 1,140 564,554 785,360
At 31 December 2024 76,311 138,677 912 544,182 760,082
9(b) FIXED ASSET INVESTMENTS
PCC PCC PCC KP Trust * Total
Investment Property Total Total Asset
£ £ £ £ £
VALUE
Market Value at 1 January 2024 198,121 17,797 215,918 410,786 626,704
Dividends reinvested 2,882 - 2,882 - 2,882
Annual Revaluation 4,526 99 4,625 8,606 13,231
Market Value at 31 December 2024 205,529 17,896 223,425 419,392 642,817
SHARE HOLDING
At 1 January 2024 8,764.36 14,755.48 23,519.84 60,719.44 84,239.28
Dividends reinvested 124.31 - 124.31 - 124.31
At 31 December 2024 8,888.67 14,755.48 23,644.15 60,719.44 84,363.59
**----- End of picture text -----**
*** See page 17 for an analysis of the Fixed Asset Investments of the KP Trust** 16 **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** ## **9 FIXED ASSETS (Continued)** ## **9(c) FIXED ASSET INVESTMENTS of KP Trust - Analysis** |**VALUE**
**Market Value at 1 January 2024**
Annual Revaluation
**Market Value at 31 December 2024**
**SHARE HOLDING**
**At 1 January 2024**
**At 31 December 2024**
**10**
**DEBTORS**
**DEBTORS**
Gift Aid recoverable
Centre Bookings
Hall Trust
Accrued income
Other Debtors
**Debtors**
**PREPAYMENTS**
Chellington
**TOTAL DEBTORS**
**11**
**CASH AT BANK AND IN HAND**
**PCC**
Cash
CAF Bank current account
CBF deposit account
NatWest Bank
Fairtrade at St Andrew's - floats
**KP Trust**
CBF income account
**TOTAL CASH AT BANK AND IN HAND**||**CBF**
**Investment**
**Fund**
**CBF**
**Property**
**Fund**
**CBF Fixed**
**Interest**
**Securities**
**Fund**
**Total Fixed**
**Asset**
**Investments**
**£**
**£**
**£**
**£**
**355,406**
**48,731**
**6,649**
**410,786**
8,135
271
200
**8,606**
**363,541**
**49,002**
**6,849**
**419,392**
**15,722.23**
**40,404.04**
**4,593.17**
**60,719.44**
**15,722.23**
**40,404.04**
**4,593.17**
**60,719.44**
**2024**
**2023**
**£**
**£**
**7,082**
6,813
**5,253**
6,220
**1,552**
-
**315**
792
**953**
328
**15,155**
**14,153**
**-**
220
**15,155**
**14,373**
**2024**
**2023**
**£**
**£**
**599**
698
**15,453**
5,173
**76,159**
70,724
**16,119**
9,301
**-**
230
**15,106**
2,095
**123,436**
**88,221**| |---|---|---| ## **Notes** CAF stands for Charities Aid Foundation CBF stands for Central Board of Finance 17 **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** |**12**
**LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**DEFERRED INCOME**
CASA - Quavers and advance tickets for concerts
Other deferred income
HMRC
Receipts in advance
**ACCRUALS**
Centre
Charitable giving
Church
Education
Fairtrade at St Andrew's
Hall Trust
HMRC
Ministry
Nevilles
Office
Other
Salaries and Fees
St Albans
St Minver
Upkeep of Services|**12**
**LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**DEFERRED INCOME**
CASA - Quavers and advance tickets for concerts
Other deferred income
HMRC
Receipts in advance
**ACCRUALS**
Centre
Charitable giving
Church
Education
Fairtrade at St Andrew's
Hall Trust
HMRC
Ministry
Nevilles
Office
Other
Salaries and Fees
St Albans
St Minver
Upkeep of Services||**2024**
**2023**
**£**
**£**
6,000
3,773
4,388
3,615
1,411
1,411
2,792
2,042
**3,735**
4,065
**6,363**
3,770
**4,920**
5,131
**236**
1,105
**24,300**
257
**-**
2,436
**851**
800
**528**
40
**1,321**
-
**1,500**
1,654
**821**
-
**1,376**
1,378
**369**
474
**1,710**
200
**1,000**
764| |---|---|---|---| |**TOTAL ACCRUALS & DEFERRED INCOME**
**13**
**UNRESTRICTED FUNDS**
**Balance at 1 January 2024**
Increase / (decrease) in funds in the year|**General**
**£**
**828,325**
(7,001)|**PCC**
**Curate's**
**Church**
**House**
**Centre**
**£**
**£**
**76,311**
**143,355**
**-**
(4,678)|**63,621**
**32,915**
**KP Trust**
**Total**
**£**
**£**
**412,881**
**1,460,872**
21,617
**9,938**| |**Balance at 31 December 2024**
**14**
**RESTRICTED FUNDS**
**Balance at 1 January 2024**
Receipts
Payments|**821,324**|**76,311**
**138,677**
**Fairtrade**
**Fund**
**Parrott**
**Fund**
**£**
**£**
**24,012**
**5,472**
19,191
-
(43,203)
-|**434,498**
**1,470,810**
**Youth**
**Fund**
**Total**
**£**
**£**
**1,587**
**31,071**
-
**19,191**
-
**(43,203)**| |**Balance at 31 December 2024**||**-**
**5,472**|**1,587**
**7,059**| **The Fairtrade Fund:** Relates to the funds donated in July 2013 and the net profit since then less transfer of £11K to Unrestricted Funds in 2021 but the shop closed on 31st December 2024. **The Parrott Fund:** Relates to the bequests from the estates of Maurice and Greta Parrott. **The Youth Fund:** Restricted to the activities of the Noah's Ark group and other youth work. ## **15 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Fund Balances at 31 December 2024**
**are represented by:**
Tangible fixed assets
Investment assets
Current assets
Current liabilities||~~**U**~~**nrestricted**
**Total**
**PCC**
**KP**
**Church**
**Restricted**
**Centre**
**£**
**£**
**£**
**£**
**£**
621,405
-
138,677
-
760,082
223,425
419,392
-
-
642,817
116,426
15,106
-
7,059
138,591
(63,621)
-
-
-
(63,621)
**897,635**
**434,498**
**138,677**
**7,059**
**1,477,869**| |---|---|---| 18 **PAROCHIAL CHURCH COUNCIL OF ST ANDREW, BEDFORD** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2024** ## **19 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Total funds available**
**Less**
**Tangible fixed assets**
**Less**
**Restricted funds**
**Total Unresticted Funds**
**Total Funds available for spending**
Information extracted from page 18|**£**
1,477,869
(760,082)
**717,787**
(7,059)
**710,728**
**710,728**| |---|---| 22 **Cash Forecast as at 6th February 2025** |**Balances at 31/12/2024**
PCC
Cash
CAF Bank current account
CBF deposit account
Faitrade
Natwest
Floats
KP Trust
CBF income account
Total Cash
Add
Debtors
Total debtors
15,155
less
Centre users
say
500
-
Deduct
Liabilities
63,621
-
less timing
say
3,000
Adjusted cash position
Projected balances at 31/12/2024
Made up of :-
PCC
Cash
CAF Bank current account
CBF deposit account
KP Trust
CBF income account
Total Cash
2025 budget variation
2026 budget variation
2027 budget variation
2028 budget variation
Forecast position at 31/12/28
Made up of :-
PCC
Cash
CAF Bank current account
CBF deposit account
KP Trust
CBF income account
Total Cash
ft balance
fye
2025 budget variation
5200
-4000
2026 budget variation
2027 budget variation
disinvestment
2028 budget variation
disinvestment
2029 budget variation
disinvestment
2030 budget variation
disinvestment
2031 budget variation
disinvestment
2032 budget variation
disinvestment
2033 budget variation
disinvestment
2034 budget variation
disinvestment
Forecast position at 31/12/29
Made up of :-
PCC
Cash
CAF Bank current account
CBF deposit account
KP Trust
CBF income account
Total Cash
Average balances on deposit and estimated interest
Start
End
Average
rate
2025
68,770
69,970
69,370
0.0400
2026
69,970
99,570
84,770
0.0350
2027
99,570
117,470
108,520
0.0300
2028
117,470
124,670
121,070
0.0275
2029
124,670
123,970
124,320
0.0250
2030
123,970
123,970
123,970
0.0250
2031
123,970
118,970
121,470
0.0250
2032
118,970
118,970
118,970
0.0250
2033
118,970
104,670
111,820
0.0250
2034
104,670
104,670
104,670
0.0250|£
599
15,453
76,159
16,119
-
15,106
123,436
14,655
60,621
-
77,470
77,470
£
1,000
5,000
70,470
1,000
77,470
4,400
1,500
800
-
7,800
-
74,770
£
1,000
5,000
67,770
67,770
67,770
1,000
67,770
74,770
67,770
4,000
-
4,000
-
63,770
1,200
1,200
64,970
29,600
29,600
94,570
17,900
17,900
112,470
-
-
112,470
-
7,200
7,200
119,670
-
-
119,670
-
700
-
700
-
118,970
-
-
118,970
-
5,000
-
5,000
-
113,970
-
113,970
-
0
14,300
-
14,300
-
99,670
-
99,670
-
0
24,800
-
24,800
-
74,870
5,000
5,000
79,870
5,000
150
29,600
-
29,600
-
50,270
25,000
25,000
75,270
25,000
750
36,300
-
36,300
-
38,970
40,000
40,000
78,970
40,000
1200
125,970
70,000
2100
2100
£
1,000
5,000
**118,970**
1,000
113608
125,970
-2436
9208
111172
12
9264.3333
110496
676
interest
2,775
2,967
3,256
3,329
3,108
3,099
3,037
2,974
-150
2,824
2,796
-750
2,046
2,617
-1200
1,417| |---|---| 04/04/2025 2024 Final Accounts as at 12022025 v2