St. James the Apostle Parochial Church Council
ACCOUNTS
For the year ended 31 December 2024
St. James the Apostle Annual Report for the 2024 Accounts
CONTENTS
| Page | |
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| Annual Reports 3 - 10 |
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| Finance Report 11 |
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| Independent Examiner’s Report 12 |
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| Receipts and Payments Account 13 |
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| Balance Sheet 14 |
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| Notes to the Accounts 15 - 21 |
St. James the Apostle Annual Report for the 2024 Accounts
Incumbent: Associate Minister: Assistant Ministers:
Incumbent: Revd Jason Reid Associate Minister: Revd Diane Reid Assistant Ministers: Revd Jill Cheverton Revd Simon Hunt Licensed Lay Ministers: Mark Foster Margaret Hunt David Keel Edge Project Leader: Captain Canon Richard Cooke CA Edge Pioneer Evangelist: Amy Hayes CA Early Years and Families Outreach Worker: Cathy Rodgers
Churchwardens:
Treasurer: Secretary to the PCC:
Jill Palmer Steve Palmer Brian Wade Revd Simon Hunt
Members of the PCC:
Elected
Nicky De La Hoyde (until 2026 – 1[st] term) Mark Foster (until 2026 -2[nd] term) Andrew James (until 2025 – 1[st] term) Kathryn Patrick (until 2027 – 1[st] term) Michael Slack (until 2026 – 1[st] term) Brian Wade (until 2026 – 3[rd] term) Tom Reid (until 2027 – 1[st] term)
ex Officio Revd Diane Reid Revd Jason Reid (Chair) Captain Canon Richard Cooke CA Amy Hayes CA (from 28[th] May 2024) Jill Palmer Steve Palmer
Deanery Synod Representatives: Calvin Russell (until 28[th] June 2024) Ann Simpson Jennifer Tranter (from November 2024)
Note: All elected PCC members may usually stand for a maximum of two terms (usually 3-year terms), unless the Annual Parish Meeting allows an exception, usually for a specific reason (e.g. to enable the Treasurer to remain on the PCC).
PCC Sub-Committees (during 2024):
Standing Safeguarding Revd Jason Reid (Chair) Kathryn Patrick (Chair) Capt. Richard Cooke Jill Palmer Jill Palmer Revd Jason Reid Steve Palmer Cathy Rodgers Brian Wade Averil Tate
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St. James the Apostle Annual Report for the 2024 Accounts
Parish Electoral Roll
Electoral Roll total of 97. Non-resident in parish 69, resident in parish 28. Male 35, female 62.
Safeguarding
St James’ PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishop’s guidance on safeguarding children and vulnerable adults).
St. James’ average attendance an average Sunday during 2024:
Sunday Mornings (10.30am)
Attendance:
Adults: 59 (+6 on 2023, +3 on 2022) Children: 9 (+1 on 2023, the same as 2022)
St. James’ attendance (all ages) at some major services:
2024/2023/2022/2021/2020 Easter Day – 91/47/70/68/ - Nativity – 88/89/77/95/Carols by Candlelight – 141/140/82/90/Christmas Day – 42/51/52/38/36
Occasional offices throughout the year:
Weddings: 1 Wedding Blessings: 0 Baptisms: 3 Thanksgivings: 0 Funerals: 8 Memorial Services: 0
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St. James the Apostle Annual Report for the 2024 Accounts
A review of 2024 at St James’ and looking ahead:
It seems to me that 2024 started with a far more positive feel than the year before, and ended in much the same way. The aspects of church life that I was able to celebrate in 2023’s report remain causes for gratitude – the ongoing work related to our Back to Life buildings project and the completion of Phase one; the contributions of new church members; Cathy Rodgers’ ministry with children and young families reaching so many unchurched families, and much more that space prevents me from mentioning.
Both the Romans and Prayer Course sermon series were well received, and the cells and additional groups that met to consider prayer in the autumn led to the establishment of a new Men’s cell and the growth of other cells.
A couple of years ago, the Lord clearly spoke to me about congregational numbers which, along with finances, is a constant obsession in the declining Church of England. He reminded me of Jesus’ words that He would build His Church (Matthew 16:18), while our call is to ‘go and make disciples’ (Mattthew 28:19), so I should stop worrying about numbers and focus on discipleship. It felt quite liberating and led to a rise in Sunday attendance of over 10% in 2024. It’s amazing how much better things go when Jesus takes charge!
Edge Community
2024 was, however, a challenging year for Edge. Throughout the year, we paused Edge Community worship as we continued to seek the Lord’s direction for how the Edge ministry should rightly be shaped in this season. The Edge team have invested so much into the community of the Flaxley Road estate, and have established a reputation for service and commitment to local people. Yet, as I wrote last year, it has often been frustrating and dispiriting work, with many coming to an expressed faith yet not staying the course, despite support and discipling from Edge team members.
Having sought God in prayer for vision and direction, the substance of many of the words of prophecy offered made clear that the Lord has brought Edge into a very different season, which requires us to structure ministry quite differently on the estate. After a season of fruitfulness, for Edge this is now a season of pruning with a call to rest, go deeper and draw closer to God. This is not a call to stop everything, but to allow many aspects of what went before to lie fallow for the present.
The amazing open door we have to the primary school remains a great blessing, and Amy, as a school governor, has strengthened the relationship with the school that Richard established when he first came to Selby. Richard’s huge amount of effort to set up the Our Space building as the chair of Selby Big Local, has also finally led to the opening of a community building which is available to us to hire for church purposes and as an asset to the local community.
The significant amount of work that the Edge team has invested into the estate has fertilised soil that was spiritually barren twenty years ago. Because of the ministry of the Edge team now and in the past, there are opportunities for outreach that simply were not there twenty years ago.
I believe that the season ahead calls for a change in the shape of our ministry in the Flaxley Road community, from the focus of a small group to St James’ as a whole taking responsibility for this half of our parish, with the Edge team members providing the local connections and experience to aid us with this. What this looks like exactly is not entirely clear yet, but I am convinced that it is a call to all St James’ members, not just the Edge team.
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St. James the Apostle Annual Report for the 2024 Accounts
Kaboom and Office Gang
When we started Kaboom, it was with a team of five leaders. After the Pandemic this fell to just two - Bev and Dan Wood, later assisted by Sophie Whitton and Tom Reid. In December, Bev and Dan decided it was right to step down and Cathy Rodgers took full responsibility for leading Kaboom. I do want to express my enormous thanks to Bev and Dan for their commitment to discipling and encouraging our Primary age children in their faith. It can often be a challenging task with the spread of ages and different personalities, yet I know how much the kids have enjoyed Kaboom under their leadership.
Several years ago, Andrew Papworth started a new group for teenagers, which they designated ‘Office Gang’ - reflecting their meeting place, co-led by Andrew James over the last three years. Andrew Papworth has also decided the time is right to step down, and Office Gang is now being led by Andrew James alone. I am very grateful to Andrew Papworth for his willingness to start something for our teenagers; my prayer is that the right person will emerge to partner with Andrew James in his leadership of our young adults.
Ongoing Tensions within the Church of England
Both my last two annual reports highlighted the tensions that have arisen in our denomination. 2024 remained another difficult year, not just in the disagreements over issues of sexuality, orthodoxy and transparency, but also regarding Safeguarding. This latter issue led to the resignation of the Archbishop of Canterbury and calls for the resignation of our own diocesan bishop, Archbishop Stephen Cottrell. It saddens me that the failure of leaders in the church impacts the reputation of local churches. Safeguarding is an issue we take very seriously here at St James’ and I am immensely grateful to Kathryn Patrick, who has proved herself to be a first-class Safeguarding Officer. If you have any concerns that relate to Safeguarding, however apparently insignificant, please speak to Kathryn.
St James’ – Looking Ahead
In September 2023, we had an unexpected and rather extraordinary visit from a team of prophetic intercessors from London in response to a direct call from God to bless the town, because they believed He is bringing revival to Selby! Having no intention to return initially, they have subsequently sensed a call to come monthly and host a Saturday afternoon prayer meeting. This started in the autumn and continues every month, currently in the community centre in Scott Road. Their visits remain a great encouragement that God is moving in a fresh way in Selby.
While there may be great uncertainty in the Church of England at large, I have great confidence in the future of St James’ Selby. Echoing my final comments in last year’s report, as God has brought us into a new season, we need to be ready and willing for all that He wants to do in and through us. This calls for us to be a community of disciples who are listening for the voice of God, seeking richer encounters with Jesus by His Spirit, and witnessing to the good news to those around us. Thank you for your fellowship in the gospel in the year that has gone; may we together be faithful to the Lord in the season ahead.
Jason Reid
‘In their hearts humans plan their course, but the Lord establishes their steps.’ Proverbs 16:9
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St. James the Apostle Annual Report for the 2024 Accounts
Edge Community Report
Prayer and discernment
Throughout 2024 there has been a strong emphasis on listening and interceding for the parish of St James, and for Flaxley Road community as a large part of it; for the ministry of Edge Community and for Our Space. Prayer walking and specific listening events for Edge Community were held in the Summer and the Core Team met with Jason and Diane Reid through the autumn. Having paused Sunday worship at the end of 2023, the intention had been to restart when Our Space opened in around Easter, but that opening did not happen. The broader question of what God was calling St James’ and Edge Community to remained as a strong focus. Kath Cooke decided to step back from being part of the Edge leadership, leaving Richard Cooke and Amy Hayes (Church Army) and Mark Foster (Licensed Lay Minister).
Our Space community hub
Throughout 2024 the slow process of getting the Our Space building open continued with Richard as Chair of Selby Big Local. A new charity ‘Our Space (Selby) was set up to manage finance and ownership. Building Control finally handed over the building at the end of November (it was meant to be May 2023) and among the first activities was community carols led by St James’ members, and some prayer meetings to ask God’s blessing for all that would happen in the building. Our Space is community owned, but our hope is that Christians will remain at its heart, shaping the values and being both salt and light. At the point of handover St James’ member Fiona Scott took on the important role of organising and training volunteers and setting up the café, with the help of others.
Selby CP School
Weekly assemblies by Richard or Amy continued through the year, with a focus on the teaching / parables of Jesus, before moving onto prayer and the Lord’s prayer. Harvest and Christmas services were held in St James’ church building. Prayer Spaces were a real success in 2024, and grew to twice a term in the Autumn with the support of members of St James. Amy continued as school governor with an emphasis on safeguarding, and this has created an opportunity for input to RE. Relationships with the school are very strong; it is evident the staff and children appreciate Amy and Richard’s presence and input.
Ministering to women
The GAB group continued through the year, having a real impact on the spiritual lives of members, but by the end of the year attendance was intermittent and there were questions about whether it should continue.
Friday Family Fun continued its partnership between Edge Community and Lighthouse, providing a potential stepping stone for people into the community of faith.
Supporting vulnerable people
Richard and Amy continue to minister to individuals and families, supporting people with mental health struggles, financial poverty (e.g. with Food Bank vouchers) & housing needs.
Two members of St James’ trained with Christians Against Poverty in preparation of leading a Lifeskills course - to help people with their finances – in 2025.
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St. James the Apostle Annual Report for the 2024 Accounts
Church Army review
In June two staff members from Church Army visited to review the ministry. Their reflections were positive about what is being achieved, with encouragements to
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re-examine the ministry in line with the Fresh Expressions Journey, to consider where the ministry of Edge Community is at this time (The Fresh Expressions Journey starts with listening and through several stages church takes shape, as below.)
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to give careful thought and consultation is done for restarting corporate worship - the best day, time, and place, and
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that we carefully consider how any ministry going forward is by St James
2024 has been frustrating year in some ways but one where we’ve been constantly surprised by how God is working in people’s lives. The thriving partnership with the school, whose doors are wide open to us, and the opening of Our Space at the start of 2025, gives us great hope for the future of St James’ ministry to this significant part of its parish.
Richard Cooke
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St. James the Apostle Annual Report for the 2024 Accounts
Early Years and Young Families Outreach Worker report
As of May 2024, I now work 24 hours per week for St James’ as the Early Years and Young Families Outreach Worker.
Over the last year, the Lighthouse toddler group has become well-established. We have a core group of families attending regularly and an average of 13 families per week. Lighthouse now has a dedicated team who share the vision of loving the families in our group and sharing God’s love with them. Many thanks to Anita Dart, Denise Thomson, Kathryn Patrick and Jason for everything they do. Lighthouse has a routine of free play, craft activities and snacks followed by worship time which includes singing, a Bible story, prayer and still time with God.
I led the Starting Rite sensory play course at the beginning of 2025. This course ran for 5 weeks and the group wanted to carry on meeting after it ended. The group evolved into Shine. We meet every Friday morning, children and parents, to retell and play with the Bible story told at Lighthouse the day before. Then we discuss the story and how it might relate to life today. This has led to some interesting discussions and the parents value this group as a safe space to explore their beliefs.
I now lead Friday Family Fun every month, together with Amy. Families from Lighthouse attend regularly and it is an important way of continuing to develop relationships after parents go back to work and the children go to school. Thank you to all the team who do so much to make Friday Fun happen each month.
Over the year I have been thinking about how to encourage the families from Lighthouse and Shine in their faith journeys. I invited parents to an Alpha course, which Diane and I led. Two ladies from Lighthouse attended. Unfortunately, they found it difficult to commit to regular evenings due to the busyness of work and family life.
I also ran the Prayer course with two ladies from Lighthouse on Wednesday mornings. This was well received.
Kaboom continued to meet on the 2[nd] and 4[th] Sundays. Throughout the year I prepared the sessions, leading the group of younger children. Bev and Dan Wood stepped down as leaders at the end of 2024 and Tom Reid left for university in September. Thank you to them for all their hard work and dedication. I am now leading Kaboom and I am very grateful to Sophie Whitton and Kath Cooke for their support.
We started Toddler Church in September 2024. This runs alongside Kaboom. Thank you to Ruth James and Diane for leading this.
Explore@4 is our new monthly service for people from church and from the Lighthouse community. We held our first service, a Christingle, in December and as of January 2025, we are meeting on 1[st] Sunday of the month.
Thank you to everyone for their continued support and prayer for this ministry to young children and their families.
Cathy Rodgers
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St. James the Apostle Annual Report for the 2024 Accounts
Safeguarding Report
Policies and Procedures
St James’ PCC is committed to the safeguarding of children and vulnerable adults and to supporting those who have been victims of abuse as well as those who may present a risk to others. The PCC has complied with its duty to have ‘due regard’ to the House of Bishops’ guidance on safeguarding children and vulnerable adults. Safeguarding continues to be a standing item on the agenda of PCC meetings.
Safeguarding team meetings are held bi-monthly to oversee safeguarding issues.
The most recent safeguarding policy and procedure for dealing with safeguarding allegations or concerns is due to be reviewed and approved by the PCC this month. This will be sent to all new users of the church premises. The recruitment of ex-offenders policy and known offenders compliance is reviewed on a yearly basis and approved by the PCC.
A check was made to ensure St James is complying with CofE rules regarding retention of records. The church is in compliance.
Safer Recruitment and Training
We continue to carry out the required safeguarding checks on everyone who leads or helps with activities for children and young people, along with members of the PCC. All who lead or help with activities for children and all PCC members are required to complete training in Basic Awareness and Foundation Safeguarding and if relevant the training in Domestic Abuse. Those with leadership roles complete the Leadership Safeguarding Course. Thank you to those who have completed the training needed and to those who will be completing their training in the near future. Some training remains outstanding. DBS checks are renewed every three years; this is overseen by Averil Tate.
Safeguarding Dashboard
The Church of England uses an online tool, the Parish Dashboard, which helps parishes keep track of safeguarding in order to take an audit of policy and procedure in the parish. Following the audit, an action plan can be produced. The PSO uses the Dashboard tool to ensure St James is up to date and in compliance. The Dashboard uses a percentage to indicate where the church is in regard to safeguarding practices. The percentage number does not stand still; it decreases as new actions are required. Over the past year St James has maintained a level of 100%. In order to be compliant it is incumbent on us all to complete our safeguarding training before it becomes due so that our compliance is upheld. I will be emailing to let the church family know when their training needs to be renewed.
Safeguarding Concerns and Incidents
No safeguarding referrals have been made during the year. Although advice has been sought for welfare issues raised. However, we need to maintain our vigilance to ensure the protection and well-being of everyone in our community.
To conclude I would like to take this opportunity to thank the community of St James for their support in my role of Parish Safeguarding Officer over the past year. I am looking forward to serving the church in this way over the next year.
Kathryn Patrick Parish Safeguarding Officer
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St. James the Apostle Annual Report for the 2024 Accounts
FINANCE REPORT
Summary of Receipts and Payments
These accounts show a surplus of receipts over payments of £19,212 in the year with a surplus on PCC investments of £1,090 , giving an overall surplus of £20,302.
Total receipts of £174,839 were an increase of £47,486 on the previous year largely due to an individual donation of £40,000 to the Back to Life appeal.
Total payments of £155,627 showed a decrease of £12,127 on the previous year.
Summary of Balance Sheet as of 31st December 2024
PCC assets, which are held as cash, bank balances and investments, were £209,811 and therefore £20,303 higher than at the previous year-end.
These assets consist of Unrestricted Reserves, free for the PCC to spend at its discretion (including Designated Reserves) and a number of Restricted Funds, where expenditure is limited to specific purposes. These are detailed below and at Note 6.
The Edge Community fund (see Note 5) totals £30,253 almost identical compared with the previous year. The PCC continues to transfer £5000 each year to this fund. Receipts during the year amounted to £21,548 including significant donations of £13,850, with payments amounting to £27,973 which includes payments of £6,400 relating to the previous year.
The Mission and Charity fund is also a composite fund, comprising the giving by Church members plus an annual allocation currently standing at 10% based on church funds for that year.
The Organ fund was created in 2014 to make provision for repairs to the church Organ. This fund stands at £1,805.
The Tower Room Roof fund was created in 2016 from a donation in order to finance repairs and improvements to the Tower Room roof area. The fund stands at £1,600.
The Fabric Fund was created in 2016 from a donation in order to finance improvements to the fabric of the church. The fund stands at £1,250
The Children and Youth Fund stands at £4,516.
The Knights of St James Fund was created in 2016 to fund the men's group meetings. The fund stands at £50.
The accounts are produced on a cash basis, showing receipts and payments.
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St. James the Apostle Annual Report for the 2024 Accounts
INDEPENDENT EXAMINER'S REPORT
This report on the financial statements of the PCC for the year ended 31st December 2024 which are set out on pages 15 to 19, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ("the Regulations") and Section 43 of the Charities Act 1993 ([ti ] the Act").
Respective responsibilities of the PCC
Members of the PCC are responsible for the preparation of the financial statements. The PCC considers that the audit requirements of the Regulations and Section 43(2) of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the regulations,
Basis of this Report
My examination was carried out in accordance with the General Directions given by the Charity Commission under Section 43(7)b of the Act and to be found in the Church Guidance, 2006 edition, issued by the Finance Division of the Archbishops' Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit opinion.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect, the requirements a) to keep accounting records in accordance with Section 41 of the Act and
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b) to prepare financial statements which accord with the accounting records and comply
with the requirements of the Act and the Regulations have not been met or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Geoff Stockill
Chartered Accountant (ICAEW 7810465)
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St. James the Apostle Annual Report for the 2024 Accounts
RECEIPTS AND PAYMENTS ACCOUNT For the year ended 31 December 2024
| Incoming Resources | Note | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Voluntary Income | 104,786 | 22,268 | 127,054 | 120,460 | |
| Investments and fees | 6,744 | 0 | 6,744 | 5,093 | |
| Back to Life | 0 | 41,042 | 41,042 | 1,800 | |
| Total incoming resources | 111,530 | 63,310 | 174,839 | 127,353 |
| Resources Expended | Note | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Mission, Evangelism & Charitable Donations |
5,153 | 1,927 | 7,080 | 502 | |
| Church Activities | 3 | 110,131 | 27,973 | 138.104 | 115,380 |
| Major Capital Expenditure | 1,994 | 8,449 | 10,443 | 51,872 | |
| Total Resources Expended | 117,277 | 38,349 | 155,627 | 167,754 |
| Excess of Receipts over Payments/payments over receipts |
Note | -5,748 | 24,960 | 19,212 | (40,401) |
|---|---|---|---|---|---|
| Unrealised Gains on Investments |
4 | 1,090 | 0 | 1,090 | 4,087 |
| Balances b/fwd at 1/1/23 | 150,401 | 39,535 | 189,936 | 226,250 | |
| Balances c/fwd 31/12/23 | 145,744 | 64,495 | 210,239 | 189,936 |
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St. James the Apostle Annual Report for the 2024 Accounts
BALANCE SHEET AT 31 DECEMBER 2024
| CURRENT ASSETS | Note | 2024 | 2023 |
|---|---|---|---|
| Investments | 50,263 | 47,831 | |
| CBF Deposit Account | 87,226 | 82,829 | |
| PCC Current Account | 72,173 | 52,380 | |
| Cash in Hand | 150 | 150 | |
| Totals | 209,811 | 183,190 | |
| Creditors/Debtors | 428 | 6,746 | |
| 210,239 | 189,936 |
| FINANCED BY | Note | 2024 | 2023 |
|---|---|---|---|
| General Fund | 104,903 | 119,320 | |
| Restricted funds | |||
| Edge Community | 5 | 30,241 | 30,463 |
| Back to Life | 60,770 | 24,777 | |
| Unrestricted Designated Funds | |||
| Mission and Charity Fund | 5,104 | 4,875 | |
| Organ Fund | 1,805 | 1,805 | |
| Tower Room Roof Fund | 1,600 | 1,600 | |
| Fabric Fund | 1,250 | 1,250 | |
| Knights of St James | 50 | 50 | |
| Children and Youth Work | 4,517 | 5,796 | |
| Totals | 210,239 | 189,936 |
Approved on behalf of the PCC Reverend Jason Reid 2025
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St. James the Apostle Annual Report for the 2024 Accounts
NOTES TO THE ACCOUNTS - For the year ended 31st December 2024
1 a) ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the SORP 2005.
The financial statements have been prepared under the historical cost convention except for the revaluation of investment assets which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Restricted funds represent a) income from trusts or endowments which may be expended on those restricted objects provided in the terms of the trust or bequest and b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried as a balance on that fund.
Unrestricted funds are those which can be used for general purposes at the discretion of the PCC. The PCC designates funding for charitable use outside of the Parish boundary (see note 7).
Incoming resources
Planned giving, collections and donations are recognised when received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends and interest are accounted for when received. All other income is recognised when it is received. All incoming resources are accounted for on a gross basis.
Resources expended
Grants and donations are accounted for when paid over. The Diocesan freewill offering is accounted for when due. All other expenditure is generally recognised when it is incurred and accounted for on a gross basis.
Investments
Investments are valued at market value at 31st December 2024
1 b) CHARITABLE STATUS
The Parochial Church Council of the Ecclesiastical Parish Church of St James, Selby is registered as a charity no. 1130603
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St. James the Apostle Annual Report for the 2024 Accounts
NOTES TO THE ACCOUNTS - For the year ended 31st December 2024
INCOMING RESOURCES
| INCOMING RESOURCES | |||||||
|---|---|---|---|---|---|---|---|
| Voluntary Income | Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |||
| £ | £ | £ | £ | ||||
| Tax-efficient planned giving | 42,991 | 4,065 | 47,056 | 45,312 | |||
| Income tax recovered | 4,298 | 234 | 4,532 | 18,981 | |||
| Collections at services | 9,755 | 597 | 10,352 | 6,059 | |||
| Other non-recurrent giving | 1,178 | 13,853 | 15,031 | 10,998 | |||
| Grants | 9,500 | 0 | 9,500 | 4,300 | |||
| Other income | 37,063 | 44,561 | 81,624 | 36,608 | |||
| 104,786 | 63,310 | 168,095 | 122,260 | ||||
| Additional Income | |||||||
| CBF Deposit a/c interest | 4,396 | 0 | 4,396 | 2,572 | |||
| Income from investments | 1,341 | 0 | 1,341 | 1,284 | |||
| Fees | 1,006 | 0 | 1,006 | 1,236 | |||
| Sub totals | 6,744 | 0 | 6,744 | 5093 | |||
| Totals | 111,530 | 63,310 | 174,839 | 127,353 |
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St. James the Apostle Annual Report for the 2024 Accounts
RESOURCES EXPENDED
| Church Activities | Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Freewill Offering | 62,000 | 0 | 62,000 | 60,000 | |
| Salaries and Honoraria | 13,630 | 19,727 | 33,357 | 14,002 | |
| Staff Expenses & Housing | 3,551 | 8,246 | 11,797 | 8,999 | |
| Church Running Expenses | 16,454 | 0 | 16,454 | 17,922 | |
| Cost of Trading/ Hall expenses |
14,496 | 0 | 14,496 | 14,162 | |
| Governance/ Administration |
0 | 0 | 0 | 295 | |
| Totals | 110,131 | 27,973 | 138,104 | 115,380 |
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St. James the Apostle Annual Report for the 2024 Accounts
NOTES TO THE ACCOUNTS - For the year ended 31st December 2024
4 INVESTMENTS
The PCC holds (2024) 2173 shares in the CBF Church of England Investment Fund. The market value of these shares as at 31st December 2024 is £50263 (2023 £47831). These shares are shown at Market Value in the Balance Sheet rather than original cost. An adjustment has therefore been necessary:
| £ No. | |
|---|---|
| Cost of shares 1st January 2024 | 23,099 2116 |
| New shares acquired in year at cost 1,341 60 |
|
| 24,440 2176 | |
| Market value of shares as at 31st December 2024 50263 |
|
| Less cost of shares acquired in year | 1341 |
| 48,921 | |
| Market value of shares as at 31st December 2023 | 47,831 |
| Revaluation surplus | 1,090 |
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St. James the Apostle Annual Report for the 2024 Accounts
5 EDGE COMMUNITY
| Included within"restricted funds”are amounts relating to the Edge Community Fund as follows: Income 2024 2023 £ £ Tax-Efficient Planned Giving 4,065 4,329 Income Tax Recovered 234 1,831 Grants Received 0 362 Other Income 17,250 11,972 21,548 18,493 |
Included within"restricted funds”are amounts relating to the Edge Community Fund as follows: Income 2024 2023 £ £ Tax-Efficient Planned Giving 4,065 4,329 Income Tax Recovered 234 1,831 Grants Received 0 362 Other Income 17,250 11,972 21,548 18,493 |
Included within"restricted funds”are amounts relating to the Edge Community Fund as follows: Income 2024 2023 £ £ Tax-Efficient Planned Giving 4,065 4,329 Income Tax Recovered 234 1,831 Grants Received 0 362 Other Income 17,250 11,972 21,548 18,493 |
Included within"restricted funds”are amounts relating to the Edge Community Fund as follows: Income 2024 2023 £ £ Tax-Efficient Planned Giving 4,065 4,329 Income Tax Recovered 234 1,831 Grants Received 0 362 Other Income 17,250 11,972 21,548 18,493 |
|---|---|---|---|
| Income | 2024 | 2023 | |
| £ | £ | ||
| Tax-Efficient Planned Giving | 4,065 | 4,329 | |
| Income Tax Recovered | 234 | 1,831 | |
| Grants Received | 0 | 362 | |
| Other Income | 17,250 | 11,972 | |
| 21,548 | 18,493 |
| Expenditure | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Church Army | 19,727 | 12,172 | |
| Other Costs | 8,246 | 5,688 | |
| Activity Costs | 0 | 220 | |
| 27,973 | 18,261 | ||
| Excess of Receipts Over Payments /(Payments Over Receipts) Transfer from PCC to Edge Reserves |
-6,425 6,203 |
261 5,000 |
|
| Balances b/fwd at 1st January | 30,253 | 25,230 | |
| Balances c/fwd at 31st December | 30,031 | 30,253 |
19
St. James the Apostle Annual Report for the 2024 Accounts
Restricted funds normally include grants from various charitable sources towards the Edge
Community. There were none in 2024.
| Grants received | 2024 | 2023 | |
|---|---|---|---|
| Church Army | 0 | 0 | |
| Audus Trust | 0 | 435 | |
| 0 | 435 |
6 RESERVE MOVEMENTS
Reserves are analysed into the following categories:
Restricted Reserves - where donors have given money to the PCC for express purposes.
Unrestricted Reserves - the PCC can designate how these reserves could be spent or hold
them as “free reserves”.
| them as “free reserves”. | |||||
|---|---|---|---|---|---|
| Reserves | Unrestricted | Restricted | Total 2024 | Total 2023 | |
| £ | £ | £ | £ | ||
| Free Reserves | 104,903 | 0 | 104,903 | 119,230 | |
| Mission Reserves | 5,104 | 0 | 5,104 | 4,875 | |
| Edge Community | 6,203 | 24,038 | 30,241 | 30,463 | |
| Back to Life | 14,487 | 46,283 | 60,770 | 24,777 | |
| Unrestricted designated reserves |
|||||
| Organ Fund | 1,805 | 0 | 1,805 | 1,805 | |
| Tower Room Fund | 0 | 1,600 | 1,600 | 1,600 | |
| Fabric Fund | 0 | 1,250 | 1,250 | 1,250 | |
| Children & Youth work | 0 | 4,517 | 4,517 | 5,796 | |
| Knights of St James | 50 | 0 | 50 | 50 | |
| 132,552 | 77,688 | 210,240 | 189,936 |
20
St. James the Apostle Annual Report for the 2024 Accounts
STANDERING HALL - RUNNING COSTS
The income and costs relating to the normal day-to-day running of the Standering Hall are included in these accounts. They are referred to as "cost of trading" as there is income received from lettings.
The surplus income from Standering Hall is transferred to the Back to Life fund.
| 2024 | 2023 | ||
|---|---|---|---|
| Income - room hire fees | 28,983 | 21,896 | |
| Expenditure | 14,496 | 14,162 | |
| Excess of Receipts over Payments | 14,487 | 7,734 |
21