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 Se￿ice5 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. Fune￿IS 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 Har￿eSt> 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 eXamIna￿on, no matter has come tt) my attentlon..
(l) which gives me tsasonable cause to bdievè that in aTV material re5pett the requirements..
- to Iceep accoun￿ng records In accordan￿ with seC￿On 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
t4*4V*

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
Me￿In 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 re￿UrCeS from generoted fund$
efflÈI￿t planned ¥wirr4
67,921
OthÈr planned giv￿g
9,030
Lotssè platp CollKiions
9,322
GlvlrE through £hurth boxes
4B4
Ontroff don1￿0￿$
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
FUr￿ra1 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 eXp￿Se5
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
Orga￿5[$ S*lary
Employers NIC
WDrking Èxpenses of Incumbw¢
Mlscelhnetsus expendltwe
Insurance
Church Pbjsk & C￿r
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
Admln15W4￿on
Performlw Atghls
Postage
PAntln2 & Sta￿Or
Heaith & Safety
FurnlLure Equipment
Church G15 & Eleccrf
Centre Ga5. Eletrrlclty & Water
Cenrre rnaintenante & deiojng
DepreDat40D
Church ins￿11￿1￿(m￿
Floodllghi MaInw￿n
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
El￿Pment
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
D￿POS11S at carffjn8 value
Purchases at ¢0
ReYalu•tlon 8￿￿00$$)
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 Coll￿￿On$
Total Llabllltles
2,828
702
2,771
3.530
3,574
14

8. 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 sy5￿M. 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 bal*n<¢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
Su￿tOtal$
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
Floodll8h￿ng
Occasi￿al Restricted
3,953
1,657
Sub-ts>ta15
11.455
5.B17
3.090
End0b*￿ent
Churthyard
)24
J24
Sub-total&
Tot•15
440.496
212,923
200.870
462,557
16

9. 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
LIabll￿e&
13,187)
306,94B
13421
14,197
{3,529)
462,557
141.088
324
10. 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