PAROCHIAL CHURCH COUNCIL OF ST. MARY'S WHITKIRK (Registered Charity No. l 130280) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Incumbentr The Reverend Doctor Claire Honess Addres$: Whiekirk Vicarage 386 Selby Road Whitkirk Leeds LS15 OAA Bank: Wirgin Money Crossgates Branch l O Austhorpe Road Leeds L5158DL Investment Managors: CCLA Investment Management Ltd The CBF Church of England Funds One Angel Lane London EC4R 3AB Independent Examiner. Cutler & Co Chartered Certified Accountants Brook House Church Lane Garforth LS25 1 HB
ASMS and Purposes St Mary's Church Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangeliscic, social and ecumenicaS. As part of the Church of England, the Parish Church of St Mary's. Whitkirl< aims to be a Christian presence in the community by proclaiming the good news of God's kingdom through; Prayer and worship Trusting in God.. Father, Son and Holy Spirit Teaching, baptizing and nurturing in faith Fellowship and acts of loving service Stewardship and concern for justice The PCC is also responsible for the maintenance of the fabric of the Grade I listed church building and the Community Centre. Objectives and Activities As a registered chariry the PCC have taken note of the Charity Commission'5 guidance on public benefit, particularly the specific guidance in respect of the advancement of religion. The PCC is committed to enabling as many people a5 possible trj worship at the Church, and to become part of the life of the wider community. The PCC maintains an overview of worship within the parish and considers how the services meet the spirltual requirements of the differing groups in the area. Our Wision Statement is.. 'Where oll find a welcome and are nurtured in their journey with Christ, Regular Worship and Attendance Information The combined attendance at Éhe two regular weekly Seice5 exceeds one hundred. Regular services continued to be streamed, and a streaming service for weddin85 and funerals made available. St Mary's had 168 persons registered on the Electoral Roll in 2024 We encourage baptism and welcome many couples for their wedding at St. Mary's. FuneIS are also an important part of our work in the community. These take place either in the church or in one of the local crematoria. The church maintains an open cemetery in which all residents of the parish have a right under law to be buried and, although now closed to new full graves, re-openings of existing plot5 and plots for the burial of cremated rernain5 are avallable. In 2024 we celebrated 14 baptisms, 6 weddings and held 25 funerals in church with a further 4 tsken at crematoria. There were 8 burials and 28 burials of cremated remains. Two Memorial Services were held in 2024.
The Church and St Mary's Community Centre The current church building is a Grade I listed structure and is predominantly from the 14th and 15th Centuries, although there is evidence of earlier Structures dating back to pre-conquest times. St Mary's Community Centre provides a facility for numerous groups in the local community, including Guiding units. Luncheon Clubs. Whitkirk Arts Guild and several weight and health groups. The Centre is Iso let out for private functions for all ages. It remains the intention of the PCC to encourage more community use. Financial Review Whilst the Statement of Financi31 Activities shows an overall excess of £22k, that can be accounted for by an unexpected £ l Ok legary and a £8.5k Insurance claim. This indicate5 we are operating on fine m3rgins. General Funds are used for the day-to-day business of the PCC. Comparing figures to 2023, General Funds income is down by £18k (8.5%), and particularly concerning is that Planned Giving is down £6k (7.3/.). Whilst General Funds expenditure being down £17k (8.3°A) is a positive, the Government's Autumn Budget is expected to result in higher costs being passed on by our suppliers. Unless we see an increase in income it is likely that in 2025, we will have to Use some designated funds to meet day-to-day running costs. Reserves Policy It is PCC pollcy to maintain, where possible, a balance of General funds current assets equivalent to three months average of unrestricted running costs. currently £26.500, excluding Parish Share. This is to cover any unexpected reduction in income or emergency situations that may arise. The year-end balance of £29,256 of General funds (£162,530 including designated funds) indicates there are sufficient reserves. Volunteers St Mary'5 is only able to provide the range of seryices and activities that makes up the vibrant church community because ol the many volunteers who give freely of their tlme and skills. Teams of volunteers are engaged in all aspects of work, church services, pastoral care. cleaning of the church. church flowers, maintenance of the Church and Church Hall, tidying the churchyard and cemetery, organizing events, bar staff, magazine production, and secretarial services. It would be unfair to recognize all Individuals by name. but the PCC would like to thank the volunteer5 for their tireless endeavors. Structure, Governance and Management St M2rfs Church is situated on Selby Road. Whitkirl Leed5. It is part of the Diocese of Leeds wlthin the Church of England. The correspondence address is St Marfs Community Centre, 390 Selby Road, Whitkirk, Leeds LS15 OAA. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity registered with the Charity Commission (Registered No. 1130280) Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
PCC members are responsible for making decisions on all matters of general concern and importance to the parish. including decisions on how the funds are to be spent, During the year the followlng served as members of the PCC: Incumbent: Keader,. The Reverend Doctor Claire Honess Lynne Pickersgill Churchwarden5: Melvin Herring (Vice Chair) Elaine Roberts (Vice Chair) Deputy Churchwarden., Janet Blenkinsop Representatives on the Deanery Synod: Lynne Pickersglll David Scholey Elected Members: Alistair Hezel (Treasurer Joan Williams Nick Jackson James Black Shelagh Freer Sue Middleditch (Secretary) Adam Kelly Tony Bond Trevor Sirrell Dorothy Schofield Tony Mi115 Martin Barran The PCC met on 8 occaslons during the year. The average attendance at meetin85 was 85Y.. Vicar's Report The Vicar's Report for 2024 will necessarily be only a partial one. since I was only at St Mary's for the last four months of the year,. others will be able to 'fi11 the gaps, for the rest of the year. At my interview for the position of Vicar, I was asked to preach on John 15.1-8, the pass2ge in which Jesus describes himself 25 the 'True Vine,, and I have taken the image of the Vine as a symbol for what I hope to achieve here in Whitkirk. Before I go any further, though, I must thank those who tended and watered the St Mary's vine through the vacancy. It would be unfair to single out individua15 for thank5: my observation is, rather, that the vine here flourishes precisely because the whole church community takes respon51bility for its care and is invested in its growth and in the health of the fruit that it produces. For this, l am immensely grateful. Nonetheless, particular thanks are due to 'Team Churchwarden, _ Melvin Herring, Elaine Roberts and Janet Blenkinsop - for all that they did during the vacancy and for their work in ensuring that I was made welcome and was able to hir the ground running
on my arrival. W thanks go. too, to the retlred clergy who supported St Mary's through the vacancy, to the whole PCC and to every single per50n who has worked, in 2024, to ensure that thSs church is a place where God is worshipped, where all are welcomed. where faith is nurtured, and where all ofthe above is not a duty but a joy! It is a joy for me to be among you. The St Mary's vine is rightly rooted in worship, which waters the vine 2nd directs it towards the light (th2t is, the light of Christ) which gives it growth. Regular worship continues on the same b3sis as previously, with the Sunday Eucharist at its heart, Choral Evensong, Compline and Messy Church a150 continue on a monthly basis. Additionally. the Daily Office15 now prayed in church every day (except Sunday and Monday), and while attendanee at Morning Prayer is more patchy, Evening Prayer has developed a small but faithful congregation of its own of between two and five regular worshippers. One-off services, such as the annual Temple Newsam EucharisL Festival of Lessons and Carols and Christmas Eve Crib Service have also continued and were added to in 2024 with new service5 such as an Advent Carol Service and a contemplative sernice to mark the Longest Night. The roots are well-watered, then. but I have also sought to 'branch out, from them to extend the vine's reach into our broader community. For example, the Longest Night service ha5 become 'Sacred Space, a monthly 'seNice without words., whlch attracts those who might be reticent to attend a more formal church service. The very well-attended Crib Service (with over 450 people in attendance, over half of them children) provided an opportunity to invite families back to church for another family-oriented event (a treasure hunt and pitta party). Occasional offices also provide the opportunity for follow-up: baptism families are invited to Messy Church, for example. and the Longest Night service attracted several funeral families. In my first months as Vicar, I have also attempted to extend our branches into other key parts of the local community. I have built up a good relationship with three of our local primary schools Iwhitklrk, Colton, and Austhorpe) and with the RE department at Temple Moor High School. I have yet to gain an opening with Templenewsam-H21ton Primary. In the latter months of 2024,1 conducted assemblies in all three primary schools, and both Colton and Whitkirk came into church for Christmas (and. in the case of Whitkirk. also HareSt> services. We also h05ted a Christmas concert by the choir of Colton Prlmary. We will bLrild on these links in 2025 by (among other things) running the 'Experience... series for primary schools. contributing to aspects of the GCSE RE syllabus ar Temple Moor High School, and launching a junior choir. At the other end of the age Spectrum, a group from St Mary'5 (including the Director of Music and several choir members) visited Colton Lodges care home to sing carols and tell the Christmas story. A regular monthly service at Colton Lodges will be launched in 2025, further strengthening thi5 branch of the vlne. As part of our commitment to the flourishlng of the St Mary's vine, it 15 important that we feed and water those who are already part of our community. An Advent course, based on Paula Gooder's book Women of the Nativity, attracted over 30 participants, face-to-face and online, and demonstrated the keenness of our community to strengthen their faith through a deeper understaF)ding of scripture and of our beliefs and traditions. This too will be developed in 2025, a5 the vine puts out branches that will
nourish new and commltted Christians alike. The ability of St Mary's to nurture vocation5 was confirmed at the end of 2024 by the selection of Adam Kelly to train for ordination. We wish him well in the amazing adventure that he is undertalcing. The branches of our vine are not restricted solely to LSI 5. Our tech team works hard to ensure that those who are unable to attend church and others- near and far- are able to access our worship. l am grateful to them for all they do to make this possible. The communications team, too, ensures that information about our activities is disseminated widely through a variety of media. The member5 of our community who do this work are waterlng the vine in very significant ways. St Augu5tlne famously said that those who sing pray twice. The excellence of our mu51C, thanks to our Director of Music and choir, is another way in which St Mary's reache5 Out branches to draw new people to Us and to God. One of the s21ient points about a vlne is that it produces its frult not individually, but In bunches. When the vine bears God's fruit, it too does so in bunches, in communities, The community that we share at St Mary's, the care that we show for one another, the way in which we support one another, and the welcome that we give to those who are new or uncertain about faith is. perhaps, the strongest witness that we have that we are the product of God's vine. Thank you for inviting me to be part of this rich and fruitful community. I look forward to working with you to tend the vine and to see what fruits it might produce in 2025 and beyond. On behalf of the PCC The Reverend Dottor Claire Honess Date 2310412025
REPORT OF THE EXAMINER TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF ST. MARY'S WHITKIRK I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages 8 to17. Respective responslbllltles of tru5te85 and examiner. The trustees (who are also the director5 of the company for the purposes of company lawl are responslble for the preparation of the accounts. The trustees consider that an audit is not required for this year under secLlon 144121 of the Charities Act 201 I (the 201 l Act) and that ars independent examination is needed. Having satisfied rnysell that the charity is noc subject to audit under company law and 15 eligible for independent examination, it is my responsibllity to.. eyamlne the actounts under sectlon 145 of the 201 l Act- to follow the procedures laid down In the general Directions given by the Charity Commission under sectlon 145{5)Ibl of the 201 l At( and to state whether particular matters have come to my attention. asis ol independent examlner'5 report My examination was carried out accordance with the genernl Dlrectlons given by the Charity Commission. An examination includes a review ol the accounting records kept by the charity and a comparison of the accounts presented with those rerords. It also includes Consideration of any unusual items or disclosures in the accounts and seeking explanations from you XS trustees concerning any such matters. The procedures undertaken do not provide 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 examlner's statement In connection with my eXamInaon, no matter has come tt) my attentlon.. (l) which gives me tsasonable cause to bdievè that in aTV material re5pett the requirements.. - to Iceep accounng records In accordan with seCOn 130 of the 201 l Act., and to prepare accounts whlch accord w4th the accounting record& and comply wSth the accounting requirements of the 2011 Act have no¢ been met; or I I I to whlch, Sn my opinion, It¢ention should be drawn In order Èo enable a proper understandlng of thè &ccounts to be reached. Slgned: A Cutler FCCA Date.. 23" April 2025 Cutler & Co Chartered CertSfied Accountants Brook House Church Lane Garforth Leeds LS25 1 HB
ts>o) r4 000 moin Ln If14 plm t44V
St Mary's Church Whltklrk Balance shèot A5 at: 31 December 2024 As at 3111212024 As at 31112n023 Note Fixed Jssets T¥nRlbk assets Investmenrs 5(a) 51bl 284.614 324 285,419 284,938 285,736 Currentassets Stock5 and work In pro8r85S Debtors 5,006 10,740 165.403 1,946 8.644 47.744 C15h a¢ b3nkI In hir 15B,335 Ltabilltles Cr¥Jltors.' Amounts lalllng due In one 3,529 3,574 Net current a55ets less ¢urrent liabilities 177,619 154,761 Totsl a$$ets less curr*n¢ Ilabllltlvs 462,557 410.497 Total net asset$ loss Ilabllltie5 462,557 440,497 There miy be mlnor dlscrepant1È5 in the tota15 if the pence arÈ r¥ot being shown Approved by the Parochlal Church CounclS on and Signed on its behalf by: Clalre Honess jchalrj MeIn Herring urchwardenl Date.. Dats:.............................. The notes on Pages l O to 17 form part of these accouncs
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 I. ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accountlng standards and the Charities Statement of Recommended Practice. The financial statements have been prepared under the historical cost convention except for the valuation of land and buildings and investments shown at market value. a) Funds General Funds represent the funds of the PCC th3t are not subject to any restrictions regarding their use and are available for application to the general purpose5 of the PCC. These include funds designated for a particular purpose by the PCC. The purpose of any restricted funds is noted in the 3ccounts. The accounts include transactions, assets and liabilities for which the PCC is responslble in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. b) Incomin8 resources i ) Voluntary income and capital sources Collections are recogni5ed when recelved. Planned givin8 under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donation5 is recogni5ed when recelvable. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of tts legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Sales of magazine5 are accounted for gr05S. il) Other income Rental income from the letting of PCC premises is accounted for when the rental Is due. ill) Income from investments Dividends are accounted for when due. Interest 15 accounted for on an accrued ba51S. Tax recovernble is recognised in the same accounting period. iv) Gains and1055es on Investments Realised gains or105ses are recognised when investments are sold. Unreallsed gains or losse5 are accounted for on revaluation of investments 2t 31 December 2024. 10
c) Resources used i) Grants Grants and donations are accounted for when paid over. or when awarded. if that award creates a binding obligation on the PCC. ii) Actlvities directly relating to the work of the Church Parish share is a request from the Diocesan Board of Finance for each parish to contribute a specifi amount each year to help meet the Diocesan budget. If a parish is unable to meet the full amount requested, then it is treated as Historic Share to be concributed in a later accounting year. The PCC ha5 passed a resolution to the effect that its current fiF)ancial situation is such that it cannot realistically have any Intention of paying its historic share and therefore its value is not being shown as a creditor within the account5. See Note 3(3). d) Fixed Assets i) Consecrated land and buildings 2nd movable church furnishings Consecr2ted and beneficed property 15 excluded from the accounts by s,96(2)(c} of the Charities Act 1993, No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC. and which require a faculty for disposal. since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvemenL is written off as expenditure in the SOFA and separately disclosed. li ) Other land and buildings Other land and buildings held on behalf of the PCC for its own purposes are included at the valuation as of 31 December 2007. No depreciation however is provided on freehold properties as in the opinion of the PCC neither their current value nor anticipated future value 15 le5S than their current value. Any expenditure on maintenance or improvement is written off as incurred. iii) Other equipment Equipment is depreciated on a straight-line basis over 4 years. Individual items of equlpment with a purchase price of £ 1.000 or less are written off in the period in whlch the asset is acquired. e) Investments Investments are valued at market value as at 31 December 2024. Current Assets Amounts owing to the PCC a5 at 31 December 2024 in respect of fees, rents. income tax recoverable or other Income are Shown a5 debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on dep051t either with the CBF Church of England Funds or at the bank Cash at Bank and in Hand include5 cash and bank current accounÉs.
St Mary's Church Whitkirk Analysis of income and expenditu¥e SeloctÈd period: O l January 2024 to 3 l December 2024 Total Unro5trlcttd De51znated Ro5trkted Endtswment Thls yev L4sty•ar Incoming resources 2(q) Incoming reUrCeS from generoted fund$ efflÈIt planned ¥wirr4 67,921 OthÈr planned givg 9,030 Lotssè platp CollKiions 9,322 GlvlrE through £hurth boxes 4B4 Ontroff don10$ Speclfic Appea15 Flower Fund Tax recoverRblè an GiftAld Leydes Grants Church Events Centre le¥5 Bar Incomè Bank & bulldlng soc Inoresr 67,921 9,030 9,416 73,141 9,871 B,233 59 35 1,000 5028 2,109 3,640 478 21,214 591 19,770 20,671 10,orK> 8A65 264 4.159 24,981 29,177 230 47Q 9,159 4,629 24.9BI 29.177 5.414 22,417 45.149 4,818 5.309 168,223 25,033 5.828 199.084 210,506 Intomlng Fesour¢•s from genemted fvnds Totols 2{b) Incomlng resources from ehorltoble ¢r¢tlvltle$ Weddlng Fees 2,S34 FUrra1 Fee5 4,160 Churchyard Fo8$ 7,608 Bookstsll Sales 30 Parlsh maga%e siles 1257 2,534 4,160 7,608 Jo 1,257 3,249 3,5B9 8,282 15,S89 15,589 16,438 Incomlng resources from chorltoble dctlvltles Totols 2(e) OtherlncomlnE resources Other Funds Gewated Insurance Ch¥n$ 179 B,071 2,790 444 8,071 Other Incomltti resources Totols 250 8,250 3.234 Incoming resources Grand totals 192,063 25.033 SM2B 222,913 23O.IB7 2(a) Legacie5- Geoffrey Lidster residual l£1,271}', Kilkenny 1£ l O,000} Bank & Building Society Interest- CBF Deposlt Fund {£S.3091 12
Resources used 3(0) Cost$ of KeTrerating fund5 Costs of stewardshlp Cost ofchurch events Bookstall Stcck Bar Stock Bar eXpSe5 513 386 4,254 43 43 23.?26 4,002 1.439 1,439 Cort5 of generorfng fvnds Totsls 14.36Y 14,368 31.869 3(b) Charltable octlvltles Ch3ritablE Donttign$ Parish share Orga5[$ S*lary Employers NIC WDrking Èxpenses of Incumbw¢ Mlscelhnetsus expendltwe Insurance Church Pbjsk & Cr Church malnten3nce 1,000 86,400 5,758 1,000 8&400 5,758 3,139 84,000 5,396 1.350 7.267 1.760 1.588 6,951 852 7.267 1,620 2.440 Upkeep of services ower Fund Upkeep of churchyard Waste d15PQ5HJ Admln15W4on Performlw Atghls Postage PAntln2 & StaOr Heaith & Safety FurnlLure Equipment Church G15 & Eleccrf Centre Ga5. Eletrrlclty & Water Cenrre rnaintenante & deiojng DepreDat40D Church ins111(m Floodllghi MaInwn 64 1,329 2,154 435 9,450 3.812 3.963 966 4,075 3,157 1,689 256 5.257 2,291 940 5.237 4,075 3,290 1,689 256 127 5,257 2.291 8.099 5.237 6.3B8 5,045 3,63? 6,473 7,159 20,246 600 20,246 3,205 1590 741 16,286 2.605 1,590 4,599 741 Chorltoble uctlvltles Totals 3,809 185,662 182AIO 3(c) Govemonce cost5 Independent Examlnadon 365 365 350 Governonte costs Totols 365 365 350 3{d) Other resoiirces used Hospltallty Expen5e5 476 476 360 Other resourtts used Tottsls 476 476 360 Resources used Grand totals 186,427 3,089 200.870 Th8re moy be mthordlKrep¢7ncles In the totals If the pence are not belng shown 3(b) Charitable donations.. East Leeds Foodbank 1£ 1,0001 3(e) Transfer5 All tr3nsfer5 were made to rectify fund mis-postings 13
4(a) STAFF COSTS Wages 5,758 S.396 4(b) PAYMENTS TO PCC MEMBERS Othèr than relmbur5Ementol exw$es, no rnembers ofthe PCC, or per$ dosely connected to them, rtteved any payments from th¥fvnds ol the PCC. 5. FIXED ASSETS S(a) Tangbble Freehold Lind & 8uilding5 Church Equ1pment ElPment Tor ACTVAUDEEMED COST At I13nuary 2024 D15P05 275.ODD 21,365 308,128 Addldons Revaluadon 2,41AI Ar 31 December2024 275,000 21,365 310,52B DEPRECIATION At I january 2024 Charge lor thè year At 31 December 2024 11,763 6W 12,363 10.946 2,605 22,709 3.205 25,914 Not boDkvalue at 31 December 2024 Not bookv31ue at 31 December 2023 275.000 275.000 1,800 7,814 284,614 285,419 5(b) Investments Markervilue at I lawlry 2024 DPOS11S at carffjn8 value Purchases at ¢0 ReYalu•tlon 800$$) MarkeLvalup it 31 Decen*er 2024 324 Hddlngs at 31 Decemb¥ 2024 CBF Inve5Lment Fund 14 sh3res 6. DEBTORS 2024 2023 GlfLMd re¢vIble Prepiyfflwts Centre Hlre F Bar Card recdpts Bank Interest Total Debtors 1,966 4.196 1.055 4303 1,036 2,174 1,427 8,644 7. LIABILITIES 2024 2013 ATh[$ f4lllnE due in one year Credltor$ for goods and sÈthce5 gency CollOn$ Total Llabllltles 2,828 702 2,771 3.530 3,574 14
- FUNDS Unrestricted. Designated. Restrltted ind Endowment Funds are defined as follows., Unrestricted Funds are funds glven to the church on the general understandlng that they will be used at the discretlon of the PCC for furthering the misslon and minlstry of the church. Designated Funds are funds set aside by the PCC for use In the luture {for example, for luture building repairs) and so not used lor general running costs. The money is designated for pardtular projects. Designated fund5 are still unrestricted and can be moved to other funds Ire4esignatedl il the PCC 50 decides. Kestricced Funds are monies restrlcted by the donor because they were given for a parricular purpose. An Endowment Fund is another lorrn of restricted lund. It Is either money that has been given to the church with the specific Snstruction that only the incerest gained from the money can be spent on an asset {such as a house) or donated to be retained for continuing use by the church. The ori&Tnal money cannot normally be spent and must remaln in the form ol assec5 or investments. not necessarlly the same asset that was ven. At 31 December 2024 the restrlcted funds comprlsed the followlng funds., Lychgats Fund Incoming resources are to be used for the m&lntenance of the Lychgate. If in any accounting period income is less than expenditure, the PCC shall decide upon the level of support required. Music Fund Incoming resources are to be used lor the purchase of resources for the Cholr. If in any accounting period intome Is less than expenditure, the PCC shall decide upon the level of Support required. Chancel Repair Fund Funded by an endowment con51$1ing of a quantity ol shares in a 7.75% Treasury Bond 2012115, the interest from which Is paid into a Deposit account. The bond matured in 2012 and the shares redeewned, with funds being pald Into the dep051t account, the fund5 01 which are ¢0 be applied to repairs within the Chancel. This fund was established in 1976 by Trinity Colleg4 Cambridge in mitigation of their responsibility as Lay Rectors ol the Church. The DS¢xesan Boird of Finance acc as Custodian Trustees. Churchyard Fund FuTrded by an endowment con51Sting of a quantity of shares in the CBF Investmer*¢ Fund. the dividends being paid into St Mary's current account Established in 1959, the trust is to maintaln the graves of Annie Christle and Henry Nelson and any surplus income used to keep the churchyard in good order. The Diote5an Bo7¢rd of Finance act as Custodian Trustees. Carnera Fund An appeal for the provislon of cameras and SoCIated equipment to enable streamtrng ol church servlces. Where in lny accounting period Income is less than expenditure. the PCC shall decide upon the level of support required. Flower Fund Incoming resources are used to purch15é flowers for church and other chvrch fvnttlon5. Where in an accountlng period Income Is le5S than expenditure, flowers will be purchased from the general lund5. Youth Fund Incoming re50urtes are to be used for event5 ind resources for children and young people. In any accounting period income in exce55 of expenditure is carried forward to the next accounting period. Where in an accounting poriod5 income is le55 than expenditure. the PCC shall decide upon the level of support required. Organ Fund Incoming resources are to be used for maintenance, relurbishment or towards the replacement of the church's plpe oryan. In an aetounting period income in excess of expenditure15 carried forward to the next aceoutTrting period. Where In an accounting period income 15 less than expendlture, the PCC sh211 decide upon the level ol support requlred. Occasional Restricted Fund The PCC may Irom time to tlme recelve gifts for short•term specific purposes. the designation and timing of whlch wlll not warrant the creation of a Separate fund for accounting purposes. These will be accounted for separatsly, and the Incoming resources will be used for the piJrp05e 5pe¢ified. 15
Floodllghting Fund Incoming resources which are restricted to the "Floodlight Fund" are used for the repair and maintenance of ¢he plant and equipment which rnake up the floodlighting sy5M. In an accounting period income in excess ol expendlture is carrled fopN&rd to the next iccounting period. If in any accourlting period income is les5 than expenditure, the PCC shall decide upon the level of support required. Purposè of des18nated funds: The Fabric Fund is for the repair and maintenance of the Church. The Legacy Fund 15 lor specific project5 identified by the PCC Fund movement by type Selected period: 01 January 2024 to 31 Decembey 2024 GHkn& and L055e5 FundbalaDces ledforword Fund ind typo Fund baln<¢s brou8htfvrward IK¢mlDB fte50urc¢J OutgoinK Re5ourcéS Tran51ers Unrestrlttad Generdl 306,948 192.063 IB6,427 {21 301.315 192,063 184427 (21 306.948 De51gnatsd 53 1.059 23,974 ac 127,357 139.977 SutOtal$ 25,03J 11,354 141, Restrlrted 377 527 894 Lychpte Mu$lc 569 IM14 689 365 1,908 Chancel ReOr Churchyard Fabr1¢ 96 250 250 Camera A¢wer Youth 91 716 S32 64 1,398 741 625 2,463 809 693 5,018 1,725 2,604 Organ Floodll8hng Occasial Restricted 3,953 1,657 Sub-ts>ta15 11.455 5.B17 3.090 End0bent Churthyard )24 J24 Sub-total& Tot•15 440.496 212,923 200.870 462,557 16
- ANALYSIS OF NET FUNDS Unrestrlcted Vnre$thctEd General Deslgnated R#tritted Endowment TOTAL 2024 Tangible fixed assers 7,B14 276,800 284,614 Itwestment Assets 324 324 Current 133,274 33,334 14,540 LIablle& 13,187) 306,94B 13421 14,197 {3,529) 462,557 141.088 324
- RISK ASSESSMENT The PCC actively review the major risks which St Mary's faces on a regular basis and believe. along with appropriate insurance cover, that maintaining the free reserve5 Stated, combined with the review of the contro15 over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The PCC have also examlned other operational and busines5 risks which they face and confirm that they have established systems to mitigate the significant r15ks. I I. PUBLIC BENEFIT The PCC acknowledge5 Its requirement to demonstrate clearly that it must have charitable purposes or aims that are for the public benefit. Details of how the St Mary's has achieved this are provided in the PCC'S Annual Report. The PCC confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding the activities to be undertaken by St Mary's. 17