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2024-12-31-accounts

St Wilfrid’s Parochial Church Council

Charity Registration No 1130413

St Wilfrid’s Church and Church of the Presentation

Annual Report and Financial Statements

for the year ended 31 December 2024

Serving others in Christ’s name – at the heart of Haywards Heath – since 1865

St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

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CONTENTS PAGE
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CONTENTS PAGE
Parish Information 1-2
Annual Report 3-6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Accounting Policies 10-11
Notes to the Financial Statements 12-17

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t Wilfrid's Parochial Church Council t Wilfrid's Parochial Church Council
inancial Statements for the year ended 31 December 2024
ARISH INFORMATION
lergy: Rev E Pritchett Rector and PCC Chairman
SM: Rev M Clark
sst Curate: Rev C Scott
ddress: St Wilfrid’s Parish Office
St Wilfrid’s Way
Haywards Heath
West Sussex
RH16 3QH
CC Membership
he APCM was held in May 2024.
ll clergy members of the Parish, including any lay readers, are entitled to sit on the PCC,
lthough the Rev M Clark (NSM) waived this right.
Name Elected Notes
Churchwardens (2) Mrs B Gooding APCM 2023 Both re-appointed for
Mrs G Kendall APCM 2022 further term APCM 2024
St Wilfrid’s Miss P Richardson ) all
Representatives (4) Mrs H Arnold ) re-elected
Mr M Downie ) APCM 2024
One vacancy
Presentation Mrs S Ward ) re-elected APCM 2022
Representatives (4) Mr P David APCM 2024
Two vacancies
Parish Mrs K Michael )Re-elected
Representatives (4) Mr A Storey )APCM 2023
Mrs L Sayers APCM 2023 Previously Deanery Synod
One vacancy
Deanery Synod Mr I Michael APCM 2023 Previously Parish representative.
Deceased 24.04.25
Representatives (3) Two vacancies
rs I Nicholas is a Diocesan Synod member and as such is entitled to attend PCC meetings,
ut has not attended during 2024.
he Report and Accounts were prepared and submitted to TC Knill James for independent
xamination by Ian Michael.
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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

PARISH INFORMATION

Clergy: Rev E Pritchett Rector and PCC Chairman NSM : Rev M Clark Asst Curate: Rev C Scott Address: St Wilfrid’s Parish Office St Wilfrid’s Way Haywards Heath West Sussex RH16 3QH

PCC Membership

The APCM was held in May 2024.

All clergy members of the Parish, including any lay readers, are entitled to sit on the PCC, although the Rev M Clark (NSM) waived this right.

Mrs I Nicholas is a Diocesan Synod member and as such is entitled to attend PCC meetings, but has not attended during 2024.

The Report and Accounts were prepared and submitted to TC Knill James for independent examination by Ian Michael.

St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

Statement of PCC Responsibilities

The PCC’s members are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period.

In preparing these financial statements, the PCC’s members are required to:

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The PCC’s members have complied with their duty to have due regard to Public Benefit guidance published by the Charity Commission.

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St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

ANNUAL REPORT

Structure, Governance and Management

All adult Church attendees are encouraged to register on the Electoral Roll. In 2024 the Electoral Roll remained 133 at the Annual Parochial Church Meeting. The Parish is administered through the Parochial Church Council (PCC), which operates under the Parochial Church Council Powers Measure, 1956 (as amended). The method of appointment of PCC members is set out in the Church Representation Rules. In addition to the PCC, there is a Standing Committee of Church Officers (this is a legal requirement). The PCC’s responsibilities include St Wilfrid’s and the Presentation Churches, and their respective Church Halls.

Objectives and Activities

The fundamental objective of the PCC is to facilitate the Ministry of the Anglican Church within the Parish of St Wilfrid, Haywards Heath. The legal requirement is that the PCC shall “co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical”.

The PCC has paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake.

Achievements and Performance

As well as the usual Sunday services (9.30 am at St Wilfrid’s, 11.00 am at the Church of the Presentation), and the additional services of the 8.00 am (1[st] Sunday) Eucharist, monthly Taizé (Wednesday), a Mid-week Eucharist (Wednesday), Evensong (2[nd] Sunday), and All Age Worship (3[rd] Sunday), sadly 2024 saw a number of funeral and memorial services for some much loved and sadly missed parishioners. Of particular note was the memorial service in October for our former Rector, Rev’d Ray Smith, with the service being taken by Bishop Lindsay Urwin, and attended by many of the external organisations with which Ray had been associated during his 24 years of service as the Rector. In December, the church again hosted a special memorial service, led by Bishop Ian Brackley, which welcomed another section of the wider community, to celebrate the life of Felicity Amor, who had served as the Assistant Organist for well in excess of 60 years. And then to conclude commemorations of people with special associations, the ashes of another former Rector, Rev’d John Bernardi, were interred in the memorial garden.

Other special services throughout the year included Patronal Services at both Churches, a combined service with the Methodist Church for Palm Sunday, Creationtide and Harvest services, and a new first – a Pet Blessing Service. There have also been a number of baptisms and weddings, all of which have welcomed visitors from outside the Parish, as well as regular attendees.

With regard to other events of a spiritual nature, Lent and Advent groups took place and our Deacon Carolyn Scott held a Quiet Day, centred around the theme of Jesus calms the storm . In November, members of the PCC and others attended an Away Day held in the beautiful surroundings of Worth Abbey to look at the future mission and shape of the Parish, which provided much food for thought and action to come.

Turning to our work with younger people, there were a number of “Messy Church” events throughout the year, school visits (including for the annual Schools’

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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

Remembrance Service and for Christmas Carol services), and wider support for St Wilfrid’s School through the church-nominated governors, with two governors from within the St Wilfrid’s congregation taking over as co-chairs in September.

Another area of work with younger people was the instigation of four “choral scholars” who now sing with the choir, bringing some very welcome additional vocal capacity. The choir continues to be augmented by extra guests for the monthly Evensong services, which in most cases are then followed by a short musical concert that helps to raise funds to support the choral scholars.

Turning to community and outreach work, the Parish had a stall at Town Day in September, which helped provide a shop window on the work of the Parish. The Parish also ran a very successful Christmas Fayre, which coincided with the town Christmas Festival; indeed, at short notice the Parish was able to provide use of the Centenary Hall for the town’s own Christmas stalls, given the appalling weather that had been forecast! St Wilfrid’s Church continues to be used as a regular venue for Ardingly Choral Society, and also for Haywards Heath Music Society.

The Parish has supported a number of charities this year, through funds raised at its regular community social event held at the Centenary Hall, enabling it to make donations to Christian Aid, the Haywards Heath Foodbank and St Peter & St James’ Hospice of £250 each. Link to Hope (donation of £300), MacMillan UK (£170) and the Children’s Society (£200) were also supported through other special collections. Funds raised from refreshments served after the main service at St Wilfrid’s are channelled in support of the Chichester Diocesan Association for Family Support Work, and the Parish has been particularly pleased this year to be able to help them further by providing use of the Centenary Hall at cost for a regular term-time drop-in facility to support parents/carers of young people.

Hall usage remains good, with a regular community lunch held every Monday at the Presentation, as well as the hall being the home for a number of U3A groups in particular. The Centenary Hall, as well as being the venue for a community social on Tuesdays, continues to provide a home for exercise classes, regular craft and record fairs, as well as being the base for a growing number of community/charitable groups who use the hall at minimal cost, this being a way in which the Parish provides charitable support to appropriate local bodies

As with any Parish, work is ongoing to maintain the fabric of the buildings and churchyard. The lych gate at St Wilfrid’s was repainted this year, and more generally the churchyard, which is managed in an environmentally friendly way as it contains a number of rare fungi, helped contribute towards the Gold South East in Bloom award for Haywards Heath. Major fabric projects this year have included the repainting of all the windows at the Presentation Church, the refurbishment of all the noticeboards around the Parish, and enhancements to the boiler house at St Wilfrid’s to improve heating of the church.

One major fabric project that remains in the planning stage is the complete refurbishment of the Wardens’ vestry at St Wilfrid’s church – a complicated and expensive project that will hopefully in the future considerably enhance the facilities in the church, for both its own and community use. Special mention must be given to Alexander Garraway who undertook the mammoth task of walking the entire 1,500 miles from St Wilfrid’s Church to Rome, along the Via Francigena . Needless to say, Alexander was sponsored for this undertaking, and raised just over £6,500 in support of the vestry project.

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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

None of the activities in the Parish could have taken place without the support of many people. Whilst the Standing Committee (the Rector, two Churchwardens, the Treasurer and Secretary) carry the brunt of the legal duties within the Parish, there are many other unsung heroes who continue to help support the provision of services, and social and community activities that the Parish is involved in. And finally, particular mention must be made of Rev’d Mike Clark, who has been a non-stipendiary minister in the Parish for a considerable number of years, and who celebrated the 40 years since his ordination with a special service and lunch at St Wilfrid’s. The Parish extends its grateful thanks to you all.

Financial Review

In 2024 the parish had an operating deficit of £6,434, compared with a surplus in 2023 of £24,266. This turnaround was not unexpected: the Annual Report for 2023 noted various special factors which contributed to the surplus in that year. It should be borne in mind that the deficit in 2024 arose despite the parish paying only around three quarters of its full ministry costs – the parish paid £60,000, compared with the full cost of £81,445. For 2025 it has been agreed with the Deanery and Diocese that parish contribution will be £65,000.

In 2024 total income fell by 2.5%, mainly because voluntary income was £6,786 lower (note 2 (a)). The key factors were a 9% fall in planned giving, and there were no legacy receipts in 2024 (compared with legacy income of £5,050 in 2023). On the other hand, donations were boosted by giving in connection with the Rome Walk and the Choral Scholarship scheme described above.

Expenditure rose by £26,905 (21%) between 2024 and the previous year. There were two major factors behind this. First, parish contribution was increased from £50,000 in 2023 to £60,000 in 2024 as the parish strove to cover a higher proportion of its full ministry costs. Second the costs of running and maintaining the Halls rose by £9,532, due in roughly equal measure to expenditure on repairing drains at the Centenary Hall and to higher energy prices. Inflationary pressures have also had an impact on the parish’s spending generally. Full detail on the parish’s expenditure is set out in note 3.

The Halls continued to be used intensively by external hirers, and indeed in 2024 the Halls’ gross income increased to £36,874, from £34,933 in 2023. As a result in 2024 the Halls again earned a significant surplus, amounting to £10,276 (2023: £17,867). The Halls’ surplus is an important element in funding the parish.

In 2024 the PCC decided to sell four further small endowment funds, for reasons similar to those which applied to such sales in 2023. The key consideration was that the funds were too small for the income from them to be used effectively to contribute to their stated purposes, so the PCC wished the capital to be released to allow that also to be spent. Charity law prescribes that when a “small” endowment – defined in statute as one valued at less than £25,000 – can be more effectively used by spending the capital as well as income it may be sold on the basis of a PCC resolution (the consent of the Diocese is also required). The sales in 2024 raised £23,828 (2023: £9,252). Further detail is provided in note 9.

Turning to analysing PCC income and expenditure by fund, the Statement of Financial Activities for 2024 shows a deficit in unrestricted funds of £4,989 (2023: surplus of £35,773). Within the total, the churches themselves recorded a deficit of £15,265, but this was to a considerable extent offset by the Halls’ surplus of £10,276 (note 4). Despite spending from the Rome Walk and Choral Scholarship funds being less than

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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

income (see note 9(i), restricted funds overall showed a deficit in 2024 of £1,495 (2023: deficit of £11,507). Such a deficit is to be expected, as spending from the small endowment sales adds to restricted expenditure but the sales receipts do not count as income because these represent sales of assets already owned by the parish (and so were not new resources coming into the parish).

Net current assets rose in 2024 to £277,544 from £260,150 a year earlier. The total for end-2024 comprised £69,168 in restricted funds while £208,376 is unrestricted. Within net current assets, £131,234 is restricted or designated by the PCC for the upkeep of fabric of the parish’s two churches and two halls (2023: £129,423). Such fabric projects include quinquennial and other major repairs.

The increase in net current assets arose despite the parish’s deficit position because of the transfers from the endowment fund arising on sales of the small endowments. It was not possible during 2024 to spend all of these transfers on the purposes to which they are restricted, so the balances have been carried forward to be spent in coming years. As a result, the closing balance of restricted funds at end-2024 of £69,168 was significantly higher than the figure of £46,785 a year earlier. Full detail on the individual restricted funds is set out in note 9.

Endowment funds were affected not only by the sales noted above but also by revaluations. In 2024 the capital value of the parish’s historic endowments fell by £3,846 reflecting sales of £23,828 which were largely – but not fully – offset by revaluation gains of £19,982 due to a 2.3% rise in the relevant stock market index. The capital of most of the endowments was donated in a form such that they exist to generate income in perpetuity, which in 2024 was £23,729.

Reserves Policy

Our policy is to hold reserves equal to six-months of locally managed current spending (i.e. excluding Parish Contribution) – budgeted to be £23,287 in 2024. The parish’s reserves were in line with that policy at end-2024, amounting to £23,897 (note 8). Other current assets are primarily deposits held for future fabric works (note 8).

Approved by the Parochial Church Council on 13 March 2025 and signed on its behalf by:

Rev’d E Pritchett B.Th. (Cantab.), B.A. (Hons) (Cant. Univ.), P.G.Dip. (Durh.) (Rector and Chairman)

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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF ST WILFRID’S PAROCHIAL CHURCH COUNCIL

I report to the charity members on my examination of the financial statements of St Wilfrid’s Parochial Church Council (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s members you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this had been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David W Martin FCA

TC Group One Bell Lane Lewes East Sussex BN7 1JU

Dated: .........................

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St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

STATEMENT OF FINANCIAL ACTIVITIES Incorporating the income and expenditure account

Notes
Income from:
2
Voluntary income
2(a)
Income from
Church activities
2(b)
Activities for
generating funds
2(c)
Investment
income
2(d)
Other incoming
resources
2(e)
Expenditure on:
3
Costs of
generating funds
3(a)
Church activities
3(b)
Net (outgoing)/
incoming
resources for the
year
Net gains/losses
on investments
7
Transfers
between fund
9(i)
Net income
(movement in
funds)
Reconciliation
of funds
Total funds
brought forward
Total funds
carried forward		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
£
£
£
60,033
8,733
-
68,766
75,552
1,607
-
-
1,607
2,558
40,171
2,112
-
42,283
40,045
15,315
18,918
-
34,233
32,529
-
-
-
-
-
117,126
29,763
-
146,889
150,684
26,647
-
-
26,647
17,146
95,468
31,208
-
126,676
109,272
122,115
31,208
-
153,323
126,418
(4,989)
(1,445)
-
(6,434)
24,266
-
-
19,982
19,982
74,811
-
23,828
(23,828)
-
-
(4,989)
22,383
(3,846)
13,548
99,077
213,365
46,785
866,453
1,126,603 1,027,526
208,376
69,168
862,607
1,140,151
1,126,603

The net incoming resources for the year all relate to continuing operations.

There were no recognised gains or losses other than the net movement in funds for the year. A breakdown of total funds for 2023 into unrestricted, restricted and endowment funds is presented at note 1 on page 12.

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St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

BALANCE SHEET

At 31 December 2024

Notes
Fixed assets
Tangible fixed
assets
Investment assets
7
Current assets
CBF deposits
Cash at bank
Other debtors
Current liabilities
Creditors due within
one year
6
Net current assets
8
Net assets
7,8
Funds
Unrestricted funds
8
Restricted funds
8,9
Endowment funds:
7
Expendable
Non-expendable		 250,692
26,075
__3,941
280,708
(3,164)


 2024
£
-
862,607
862,607
277,544
_
1,140,151
_
208,376
69,168
142,418
720,189
1,140,151
_		 242,803
15,502
__4,364
262,669
(2,519)


 2023
£
-
866,453
866,453
260,150
_
1,126,603
_
213,365
46,785
139,231
727,222
1,126,603
_

Approved by the Parochial Church Council on 13 March 2025 and signed on its behalf by:

Rev’d E Pritchett B.Th. (Cantab.), B.A. (Hons) (Cant. Univ.), P.G. Dip. (Durh.) ( Rector & Chairman)

Mrs Bernadette Gooding

( Parish Warden)

The Accounting Policies and notes on pages 10 to 17 form part of these accounts.

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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

ACCOUNTING POLICIES

The PCC constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019; the Charities Act 2011; and UK Generally Accepted Practice as it applies from 1 January 2015.

The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The accounts (financial statements) have been prepared to give a “true and fair” view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair view”. This departure has involved following the Charities SORP (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared on a going concern basis, under the historical cost convention except for investment assets, which are shown at market value.

The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body, nor of those that are informal gatherings of church members.

Incoming resources

Voluntary income, including donations and legacies, is recognised when receivable. Tax recoverable on planned giving and donations is accounted for when receivable from HM Revenue and Customs. Dividends and interest are accounted for when due. Tax recoverable thereon (where it is) is treated on the same basis. Restricted dividend and interest income is accounted for separately; some of the income from endowments is restricted [see note 9(i)]. Rental income from letting church premises is accounted for when earned.

Resources expended

Resources expended are included on an accruals basis. All costs have been directly attributed to one of the categories of expenditure in the Statement of Financial Activities.

Resources expended are allocated to the categories shown in the accounts in accordance with Charities SORP (FRS 102), and the guidance issued by the Business Committee of the General Synod in their publication PCC Accountability: The Charities Act 2011 and the PCC, 5[th] edition (2017).

Costs of generating funds are expenditure on running costs and maintenance of the Halls, and costs directly arising from a fund raising event, for example gifts and fees paid to musicians. Church activities are those items which meet the detailed definitions in paragraph 2.13 of the Business Committee guidance. These include most expenditure inherent in the work of the PCC.

Fixed assets

Consecrated land and buildings and moveable church furnishings: Consecrated and beneficed properties are not deemed assets of the PCC and, along with moveable church furnishings, are excluded from these accounts. All expenditure incurred during the year on these items, whether maintenance or improvement, is written off.

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St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

Fixtures, fittings and office equipment: Equipment used within the parish with an individual purchase price of £1,000 or less is written off in the period when the asset is acquired. Other items are depreciated on a straight line basis over four years.

Investments: Investments are shown at market value at 31 December 2024. Unrealised gains and losses are taken to the Statement of Financial Activities as they arise.

Funds

Endowment funds (note 7): Unless expendable, the capital must be maintained. Only income arising from investment of the endowment may be used.

Restricted funds (note 9): These comprise incoming resources restricted to a particular object, including income from endowments where restricted to a specific purpose.

Unrestricted funds (note 8): These can be used for any of the PCC’s purposes. Some are “designated” by the PCC from time to time for particular uses.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Provisions

Provisions are recognised when the PCC has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the PCC to be able to continue as a going concern.

11

St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

NOTES TO THE FINANCIAL STATEMENTS

1
Statement of Financial Activities
Unrestricted
Funds
Notes
£
Income from:
2
Voluntary income
2(a)
74,938
Income from
Church activities
2(b)
2,558
Activities for
generating funds
2(c)
38,048
Investment
income
2(d)
13,750
Other incoming
resources
2(e)
-
129,294
Expenditure on:
3
Costs of
generating funds
3(a)
17,146
Church activities
3(b)
76,375
93,521
Net incoming/
(outgoing)
resources for the
year
35,773
Net gains/losses
on investments
7
-
Transfers
between fund
9(i)
-
Net income
(movement in
funds)
35,773
Reconciliation
of funds
Total funds
brought forward
177,592
Total funds
carried forward
213,365		 1
Statement of Financial Activities
Unrestricted
Funds
Notes
£
Income from:
2
Voluntary income
2(a)
74,938
Income from
Church activities
2(b)
2,558
Activities for
generating funds
2(c)
38,048
Investment
income
2(d)
13,750
Other incoming
resources
2(e)
-
129,294
Expenditure on:
3
Costs of
generating funds
3(a)
17,146
Church activities
3(b)
76,375
93,521
Net incoming/
(outgoing)
resources for the
year
35,773
Net gains/losses
on investments
7
-
Transfers
between fund
9(i)
-
Net income
(movement in
funds)
35,773
Reconciliation
of funds
Total funds
brought forward
177,592
Total funds
carried forward
213,365		 Activities : 2023
Restricted
Funds
Endowment
Funds
TOTAL
FUNDS
2023
TOTAL
FUNDS
2022
£
£
614
-
75,552
69,162
-
-
2,558
1,978
1,997
-
40,045
40,622
18,779
-
32,529
26,136
-
-
-
276
21,390
-
150,684
138,174
-
-
17,146
13,353
32,897
-
109,272
112,002
32,897
-
126,418
125,355
(11,507)
-
24,266
12,819
-
74,811
74,811
(106,894)
9,252
(9,252)
-
-
(2,255)
65,559
99,077
(94,075)
49,040
800,894
1,027,526 1,121,601
46,785
866,453
1,126,603
1,027,526
129,294
17,146
76,375
93,521
35,773
-
-
35,773
177,592
213,365

Commented [IM1]: This is in table format, therefore unhide the grid lines before trying to edit!

The net incoming resources for the year all relate to continuing operations. There were no recognised gains or losses other than the net movement in funds for the year.

12

St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

2
Incoming Resources
(a) Voluntary income
Planned giving
Collections
Donations
Income tax recoverable
Grants
Legacies
Sub-total
(b) Income from Church activities
Parish fees
Sub-total
(c) Activities for generating funds
Fundraising for charities
Fundraising for PCC
Hall lettings and other income
Donations by users of Church
Sub-total
(d) Investment income
Dividends
Interest
Sub-total
(e) Other incoming resources
Sundry income
Sub-total
TOTAL INCOMING RESOURCES		 Resources
_ _

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13

St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

3
Resources Expended
2024
2023
(a) Costs of generating funds
Running costs and maintenance of Halls
26,598
17,066
Other
49
80
__
_
Sub-total: Costs of generating funds_
26,647
17,146
(b) Church activities
Charitable giving
Grants to charities
2,112
1,997
Ministry costs
Parish contribution
60,000
50,000
Clergy expenses
1,860
1,107
Running costs of houses: Council tax
2,403
2,286
Running costs of houses: Other
152
130
Other ministry costs
210
331
Upkeep of Churches and Churchyards
Churches: Heating and light
9,736
10,277
Churches: Insurance
4,362
4,247
Churches: Other running costs
2,173
598
Churches: Quinquennial programmes and
other major repairs/improvements
20,942
21,603
Churchyards
5,863
3,031
Upkeep of services
Upkeep of services
11,354
10,212
Education, Mission and Outreach
Local education/mission/outreach
2,917
956
Other expenditure on Church activities
Independent Examiner’s fee
1,320
1,320
Other professional charges
720
918
Other expenditure
552
_
259
_
Sub-total: Church activities
126,676
109,272
TOTAL RESOURCES EXPENDED
_
153,323
_
_
126,418
_____		 xpended

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Commented [IM4]:

Included within the above figures are costs of the Parish Office: £1,360 (2023: £1,770).

14

St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

4 Net (Outgoing)/Incoming Resources

Net unrestricted (expenditure)/income
Churches and churchyards
Halls

Net restricted (expenditure)/income
Net endowment (expenditure)/income
 2024
(15,265)

10,276

(1,445)

-

_(6,434)
 2023
17,906
17,867
(11,507)
-
24,266

5 Staff Costs and PCC member transactions

Staff costs, relating to one organist during 2024, overall amounted to £5,340 (2023: £3,115). Lower costs in 2023 reflected a gap between appointments. None of the PCC members (or any persons connected with them) received any remuneration during the year, but six of them have been reimbursed for supplies for the Church amounting in aggregate to £5,917 (2023: five were reimbursed for £4,374).

The clergy have received reimbursement of expenses.

6 Creditors due within one year

Expenditure still to be paid by PCC
Charities still to be paid
TOTAL		 2024
2,388
__776
3,164		 2023
1,834
685
__
2,519

7 Fixed Assets - Investments

Permanent Expendable Total
Endowments Endowments
£ £ £
Market value
31 December 2023 727,222 139,231 866,453
Sales (23,828) -
 (23,828)
Revaluation 16,795
 3,187
 19,982
Market value
31 December 2024 720,189 142,418 862,607

The permanent and expendable endowments arise from substantial gifts to the Parish over many decades, and subsequent capital gains. Investment gains and losses are allocated to these funds.

Both permanent and expendable endowments are held in income shares in the CBF Church of England Investment Fund provided by CCLA Investment Management Limited (“CCLA”), and are valued at the CCLA’s price.

Sale proceeds were added to Restricted Funds (see note 9(i)).

15

St Wilfrid's Parochial Church Council

Financial Statements for the year ended 31 December 2024

8 Analysis of Net Current Assets by Fund

This table excludes permanent and expendable endowment funds shown in note 7.

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total| |£|£|£| |PCC Reserves|23,897|-|23,897| |Fabric Fund|55,239|12,752|67,991| |Fabric Emergency Fund|18,912|-|18,912| |St Wilfrid’s Fabric Umpleby|-|158|158| |Special Projects|39,841|12,449|52,290| |St Wilfrid’s Church Fund|-|43,271|43,271| |Halls Maintenance|44,173|-|44,173| |PCC Bank accounts|14,772|538|15,310| |Halls Bank account|10,765|-|10,765| |Debtors|3,941|-|3,941| |Creditors|_(3,164)|_-|(3,164)| |208,376|69,168|277,544| |Debtors includes Gift Aid tax recovery due from HMRC: £2,176 (2023: £2,585); and receivables| |from hall lettings: £1,584 (2023: £1,428).| |Unrestricted funds are available for use at the PCC’s discretion. The PCC has chosen to| |designate funds as current reserves for unanticipated contingencies; for fabric works (both| |planned and emergency); for special projects (eg unrestricted legacies to be used for longer-| |term budgetary support); and for maintenance of the Halls. The purposes of restricted funds| |are set out in note 9(ii). Apart from the PCC and Hall bank accounts, all the funds are| |represented by deposits in CCLA’s CBF Church of England Deposit Fund.| |Analysis of Restricted Funds| |(i) Receipts and Expenditure| |Receipts|Expenditure|Movement in the| |£|Fund| |£|£| |(a) Permanent endowments:| |Fabric of St Wilfrid’s Church|21,979|11,543|10,436| |Upkeep of Services|3,725|3,725|-| |Direct Clergy Costs|10,446|4,623|5,823| |Maintenance -|Presentation|-|3,065|(3,065)| |Churchyards|_4,470|_4,470|_-| |40,620|27,426|13,194| |(b) St Wilfrid’s Church Fund|2,118|-|2,118| |(c) St Wilfrid’s Fabric Umpleby|8|-|8| |(d) Other restricted monies| |Vestry Project|6,555|-|6,555| |Choral Scholars|1,978|1,440|538| |Restricted|donations|& grants|200|230|(30)| |Fundraising for charities|2,112|2,112|-| |10,845|_3,782|_7,063| |Total Restricted|53,591|31,208|22,383| |||___|

----- End of picture text -----

Debtors includes Gift Aid tax recovery due from HMRC: £2,176 (2023: £2,585); and receivables from hall lettings: £1,584 (2023: £1,428).

Unrestricted funds are available for use at the PCC’s discretion. The PCC has chosen to designate funds as current reserves for unanticipated contingencies; for fabric works (both planned and emergency); for special projects (eg unrestricted legacies to be used for longerterm budgetary support); and for maintenance of the Halls. The purposes of restricted funds are set out in note 9(ii). Apart from the PCC and Hall bank accounts, all the funds are represented by deposits in CCLA’s CBF Church of England Deposit Fund.

9 Analysis of Restricted Funds

Receipts include sales proceeds of endowments restricted to St Wilfrid’s church fabric (£8,377), upkeep of services (£3,676), clergy costs (£9,448), and churchyards (£2,327).

16

St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2024

(ii) Balance Sheet: Restricted Funds – cash balances in CBF (ii) Balance Sheet: Restricted Funds – cash balances in CBF (ii) Balance Sheet: Restricted Funds – cash balances in CBF deposits
Opening Income Expenditure Closing
balance balance
£ £ £ £
St Wilfrid’s Church Fund 41,153 2,118 - 43,271
of which:

Felicity Amor Music Fund		 4,440 - - 4,440

Specific project bequest		 10,000 - - 10,000

Other		 26,713 2,118 - 28,831
St Wilfrid’s Fabric Umpleby 150 8 - 158
Fabric Fund 5,381 10,436 3,065 12,752
of which:

St Wilfrid’s Church		 2,316 10,436 - 12,752

Church of the Presentation		 3,065 - 3,065 -
Special Projects Fund 101 12,378 30 12,449
of which:

Direct Clergy Costs		 - 5,823 - 5,823

Vestry Project		 - 6,555 - 6,555

SW Church Children’s Corner		 101 - 30 71
PCC Bank accounts: Choral Scholars - 538 - 538

St Wilfrid’s Church Fund comprises legacies and donations restricted to use at that Church and interest on the fund balance. Also held within St Wilfrid’s Church Fund is the Felicity Amor Music Fund, at end-2024 being the remainder of the donation for organ refurbishment (£4,440).

St Wilfrid’s Fabric Umpleby primarily held a legacy received in 2010, restricted to maintenance of the fabric of St Wilfrid’s Church, which is now almost entirely expended.

The restriction on part of the Fabric Fund to St Wilfrid’s Church arises when, in one or more years, spending on the fabric of St Wilfrid’s Church is less than income from the trust funds established to provide resources for that purpose.

The restriction on part of the Fabric Fund to spending on the fabric of the Presentation Church arose because expenditure in 2023 was less than the proceeds from sale of an endowment restricted to that purpose.

The restrictions on part of the Special Projects Fund represent the balance of restricted receipts for direct clergy costs, donations for the vestry project in the context of the Rome Walk and for the Children’s Corner at St Wilfrid’s Church which were unspent at end-2024.

The restriction on part of the PCC’s bank accounts arises from the excess of donations over expenditure on the Choral Scholarship scheme.

10 Listed Places of Worship Grant Scheme

VAT of £194 was recovered in 2024 (2023: £907) .

11 Financial Commitments

The Parish had no other material outstanding contractual commitments at the balance sheet date (2023: nil).

12 Related Party Transactions

There were no disclosable related party transactions during the year (2023: none).

17