THE PARISH CHURCH OF ST MARY, REDBOURN
PAROCHIAL CHURCH COUNCIL
ACCOUNTS FOR THE YEAR ENDED
31[st] DECEMBER 2024
APRIL 2025
Charity No. 1130677
St Mary’s Church, Redbourn
Annual Report for 2024
Background:
St Mary’s PCC has the responsibility of cooperating with the Incumbent, in promoting, in the ecclesiastical parish of Redbourn, the whole mission and ministry of the church, pastoral, social, evangelistic and ecumenical. It also has the responsibility for the care and maintenance of the church and ancillary buildings. This report relates to the calendar year 2024 which is also the period covered by the church’s financial year.
| Membership: | For the year 2024 | |
|---|---|---|
| Incumbent: | The Reverend Rachel Wakefield | |
| Licensed Reader: | Mrs Kay Vernon | |
| Ms Ailsa Hulme | ||
| Churchwardens: | Mrs Sue May | |
| Mr Paul Vernon | ||
| Deputy Churchwardens: | Mr Stephen Gell | |
| Mrs Catharine Pusey | ||
| Diocesan Synod Member: | Ms Ailsa Hulme | |
| Deanery Synod Members: | Mr John Davie | |
| Mr David Forbes | ||
| Mr Andy Ford | ||
| Mr Jim May | ||
| Elected Members: | The two Deputy Churchwardens | |
| plus | Mrs Helen Boffey | (from April 2024) |
| Mr Russ Chinn | ||
| Mrs Celia Forbes | ||
| Mr David Forbes | Lay Co-Chair | |
| Mr Chris Hill | ||
| Mrs Sarah Hill | PCC Secretary | |
| Mrs Elizabeth Middleton | ||
| Ms Lesley Poulton | ||
| Mrs Sally Pryor | ||
| Mr David Walker | ||
| Mr Michael Wood | PCC Treasurer | |
| Mrs Alex Yew | (from April 2024) |
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Committees:
The PCC operates through several committees, which meet between full meetings of the PCC.
Standing Committee:
This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council.
A ncillary Buildings Committee:
This committee deals with matters of upkeep, development and stewardship of all the buildings associated with St Mary Redbourn, other than the church itself.
Churchyard Committee:
Attends to matters concerning the care and upkeep of the churchyard and grounds.
Charity of the Year Committee:
This committee fosters, reviews and oversees the fundraising, charitable giving and relationships with the nominated charities to be supported by St Mary’s Church.
Eco Committee:
We are a group which aims to support the National Church’s goal to become Net Zero by 2030, which means making no contribution to global warming by sustainably managing our resources, such as our grade1 listed building with it accompanying 6 acre churchyard.
Stewardship Committee:
Considers how best to encourage the use of time, talents and finances in the service of God in this parish.
Youth Committee:
This committee enables the leaders of the various groups for younger members of the church to work closely together in our provision and care of this key age group in our fellowship.
Church Attendance:
There are currently 196 parishioners on the Church Electoral Roll, of which 20 are not resident in the parish. St Mary’s seeks to meet the worshipping and spiritual needs of the congregation and community. St Mary’s offers a full range of services:- Sundays 8 am Communion service, 10.00 am Eucharist and Family Service, Wednesday Evening Communion Service, Mondays to Fridays Morning and Evening Prayer Services.
Review of the Year:
The full Parochial Church Council met 6 times during the year, with the Standing Committee convening around two weeks beforehand to set the agenda and monitor ongoing needs. There was an average attendance level for the PCC meetings of 65%.
During the year it was agreed by the PCC that the Standing Committee could approve expenditure of up to £1,000 for the running and maintenance of St Mary’s in between PCC meetings.
The PCC has continued to support our vicar Rev’d Rachel Wakefield and the Ministry Team throughout the year. The many subcommittees have continued to meet frequently, and the Charity of the Year Committee has developed a Terms of Reference document which may also be adopted by other committees. The Eco Committee is a new group tasked with thinking about our future energy use and expenditure also began this year. We have also started gathering all those who work with children and young people for a termly meeting, to share ideas and plans.
The contribution to the Diocesan Common Fund was £123,852 and was paid in full. There continues to be challenges ahead affecting the level of giving, despite the hard work of the Stewardship Committee.
The Orthodox congregation of St Simeon and St Anna continue to offer their liturgy once a month in our church. It remains a highly valued relationship, as is our part within Churches Together in Redbourn and the relationship between the ministers and congregations of the Anglican, Roman Catholic and Methodist churches is cordial and strong. Through Lent we held a number of joint events and have invited members of Churches Together to join us on Palm Sunday and Pentecost in 2025.
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Our main charity focus for 2024 was Every Drop Counts, a project helping farmers in the dry corridor of Nicaragua. However, due to political changes in the country that project has been put on hold.
We continue to support a local Food Bank by collecting tinned foods and dry goods regularly, which has been greatly appreciated with the ongoing financial pressures on many households.
This year has seen ongoing progress in the upkeep and maintenance of the churchyard through the commitment of volunteers involved in the mowing rota, the ongoing hard work of several people who care for specific flower beds and areas, and the regular and sustained visits from the local probation service, and St Luke’s School. We are in the process of opening a third Garden of Rest as the present two are almost full.
St Mary’s Church continues to benefit from the generous ministry of a wider ministry team which includes a retired bishop, two licensed readers, and three Lay Leaders of Worship (LLWs). We have begun a new monthly service at 4pm on Sundays which aims to be relaxed and interactive. Our pastoral visiting team continues to offer an important ministry to the sick and housebound and we are looking to develop our Bereavement Ministry further.
This year has seen a marked growth in the number of prayers left in our Lady Chapel which are prayed by those at midweek Morning Prayer.
We continue to play a full and active part in the life of Wheathampstead Deanery, with three elected members to the Deanery Synod. The Deanery consists of twelve churches across seven benefices who seek to support one another in collegiality, shared worship and joint projects, training and collaboration. The Vicar, by virtue of currently being elected to General Synod, and an additional three members of St Mary’s, serve on St Albans Diocesan Synod.
The occasional offices are an important part of the wider ministry offered by St Mary’s. These have included 10 baptisms, 50 funerals or interments of cremated remains, and the solemnisation of 3 marriages.
Safeguarding is given the highest priority and attention and Janet Lang, our Parish Safeguarding Officer, has led the way whilst working closely with others in regularly monitoring, reviewing and updating our Safeguarding policies and practices. We continue to use a secure online dashboard to track progress, renewal dates and compliance. DBS checks are carried out for all members of St Mary’s who work with children or vulnerable adults and our policies were last reviewed by the PCC in May 2024. The PCC has continued to ensure that we remain compliant with General Data Protection Regulations.
Our links with local schools are a key and valued part of our ministry, and we have welcomed pupils from both Redbourn School and St Luke’s to St Mary’s. The Vicar takes assemblies at Redbourn School and new links are being made with St Luke’s.
The church owns two residential properties. The Old Church Hall has been occupied throughout the majority of 2024. The Vicarage Cottage has been occupied fully throughout 2024.
In line with requirements, The Parochial Church Council of the Ecclesiastical Parish of St Mary Redbourn is registered with the Charity Commission: 1130677. It is our policy to invest our surplus funds with the CBF Church of England Deposit Fund.
On behalf of the PCC:
The Reverend Rachel Wakefield
Vicar and PCC Chair
April 2025
3
Independent Examiner's report to the Trustees of St Mary’s Parochial Church Council
I report on the accounts of the church for the year ended 31 December 2024 which are set out on pages 5 to 15.
Respective Responsibilities of Trustees and Examiner
The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the 2011 Act;
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
To state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 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 Examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act 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.
Mrs R M Hughes FCA Wych Elms 20 Brache Close Redbourn Herts AL3 7HX
2[nd] April 2025
4
Parochial Church Council of St Mary's, Redbourn Statement of Financial Activities for the year ending 31 December 2024
| !"#ABC#DECAF | JABC#DECAF | ."FLMNA"C | OLCP4 | OLCP4 | ||
|---|---|---|---|---|---|---|
| HI"FB | HI"FB | HI"FB | RSRT | RSRU | ||
| VLCA | W | W | W | W | W | |
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| V.OSJXVol?K=oo.o@=VXVn.oO>.VOo | ARC RR b ATa RBSCC |
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| mJKJVY.oYJJJX.NH=JrJJNJO cBSSdBcUS IBUAI cBUaI cBScABIId aIUBTad UcN.Y.>m.JRSRT |
5
Parochial Church Council of St Mary's, Redbourn Balance Sheet at 31 December 2024
| !"#AB | CDCE | CDCF | |
|---|---|---|---|
| *HI-.L0NN-ON | |||
| OP4RSTUAL*S9A:L0BBA#BL X > H4?AB#@A4#L0BBA#B X<T= ABBCXaa ABACBbC |
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| ABBCXaa ABACBbC cdee-!OL0NN-ON |
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| aEbCBFX aXFCECg lH0mHlHOH-N |
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| OpO0lL!-OL0NN-ONLl-NNLcdee-!OLlH0mHlHOH-N | aCDFXCAAb aCDDFCEBb |
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| lH0mHlHOH-N | |||
| 0@"i4#BLnPUUS4RL:iALPn#AfL"4ALoAPf | A<T= | <CDCDDD= <CDCDDD= |
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| OpO0lL!-OL0NN-ONLl-NNLlH0mHlHOH-N | aCDaXCAAb BAFCEBb |
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| T0eHNrL*d!.N | B | ||
| d4fAB#fSs#A: aCDDbCaFD BgECaCX eAB#fSs#A: ACFXA gCBgF -4:"t@A4# aCFBA aCFBA |
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| aCDaXCAAb BAFCEBb |
Approved by the Parochial Church Council on 2[nd] April 2025 and signed on its behalf
The Reverend Rachel Wakefield, PCC Chair
The notes on pages 7 to 15 form part of these accounts
6
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
1. ACCOUNTING POLICIES
The accounts have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS 102)).
The accounts have been prepared under the historical cost convention except for investment properties, which are included in the accounts at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Incoming Resources
Voluntary Income and Capital Sources
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable is recognised only when received.
Income Tax recoverable on Gift Aid donations is recognised when the related income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the Charitable Finance Committee and other events are accounted for gross.
Sales of books and magazines from the church bookstall are accounted for gross.
Income from Investments
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
Rental income from the letting of church premises is recognised when the rental is due.
Gains and Losses on Investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
Resources Used
Charitable Giving
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Activities directly relating to the work of the Church
The Diocesan Parish Share is accounted for when paid.
7
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
1. ACCOUNTING POLICIES (cont.)
Fixed Assets
Consecrated property and movable Church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.
Movable Church furnishings held by the Vicar and the Churchwardens on special trust for the PCC, and which require a Faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the Church’s Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis.
All expenditure incurred in the year on consecrated or beneficed buildings, on individual items under £2,000 or on the repair of movable Church furnishings acquired before 1 January 2001 is written off.
Freehold land and buildings
Freehold land and buildings held for the use of the PCC are included in fixed assets and depreciated over 50 years on a straight line basis.
Property held for investment purposes is included in Investment Assets at market value.
Other fixtures, fittings and office equipment
Equipment used within the Church premises is depreciated on a straight line basis over periods of between five and ten years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired.
Investments
Investments are valued at market value at 31 December.
Current Assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are only used for the specific purposes for which they are held.
Further details on funds held by the PCC are given in Note 9.
8
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
2. INCOME
| !"#A%C#DECAF | -A%C#DECAF | ."FLMNA"C | OLCP4 | OLCP4 | |
|---|---|---|---|---|---|
| +I"F% | +I"F% | +I"F% | RSRT | RSRU | |
| 9 | 9 | 9 | 9 | 9 | |
| R:P;"#A%&'()*+&I#-. | |||||
| Y4P""AF=D>D"= ?@ABB? C C ?@ABB? aSABR@ bP%cEL44AECDL"%D"bcI#Ec ddATBU C C ddATBU dSABe@ fI"F#gFL"PCDL"%:AhE4EcP#DCgEL44AECDL"%; daARdR C C daARdR dBAade iDMCPDF#AEL>A#PN4A R?ASSe C C R?ASSe RBASdT lA=PEDA% C C C C C i#P"C% ddAR?B C C ddAR?B TAeRB fmAEDP4PmmAP4%:D"E4iDMCPDF; T?AR?U C C T?AR?U RTAdd@ |
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| RSBA@a@ C C RSBA@a@ d@SA@ee |
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| R:N;/&I#-.0)#-I1%)I1(I'+2+'+.3 | |||||
| YP#D%cNP=PnD"A%P4A% BAddR C C BAddR BARRB +AA%ML#MAFFD"=%AMI"A#P4%ACE RRAaaU C C RRAaaU dUAR?T O#P"%AmCopMMDEA4ACCD"=D"ELNA ?ATUa C C ?ATUa ?A@S? +AA%ML#EcI#EcE4IN%P"FC#Dm% dAB@U C C dAB@U C |
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| U?Add@ C C U?Add@ R@ARd@ |
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| R:E;4I'+2+'+.30#)5.&.)('+&50%&63 | |||||
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| eATR? C C eATR? dSATaa |
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| R:F;/&I#-.0)#-+&2.3'-.&'3 | |||||
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| UeA?ee UeU C U@ARRa UUAe?@ |
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| OpOtluvbpw. | R?@ARS? UeU C R?@AB@d RTRAdea |
9
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
3. EXPENDITURE
| !"#A%C#DECAF | -A%C#DECAF | ."FL0NA"C | OLCP4 | OLCP4 | |
|---|---|---|---|---|---|
| HI"F% | HI"F% | HI"F% | RSRT | RSRU | |
| 9 | 9 | 9 | 9 | 9 | |
| U:PX_!"#$%C#'()+%,%-+_ | |||||
| YL"PCDL"%=#LN>?P#DC@L=C?AAAP# | |||||
| >LNNDCCAA:BLCACS:PXX | Cabcc | d | d | Cabcc | cabRS |
| eC?A#E?I#E?E?P#DCPf4AFL"PCDL"% | |||||
| :BLCACS:fXX | ghS | d | d | ghS | RaUTg |
| RaTUc d d RaTUc iaghg |
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| U:fX_.C")$ /"0$/"#/C%,%C%)1_ | |||||
| YDLEA%P"MP#D%?%?P#A | CRUagbR | d | d | CRUagbR | CRRabcS |
| HAA%MPDFCLFDLEA%A | haggc | d | d | haggc | TaShi |
| NP#D%?L==DEAAlMA"%A% | caRcg | d | d | caRcg | gagTS |
| m"%I#P"EA | TaUbC d |
d | TaUbC | TaCSi | |
| nAPCa4Do?CP"F0PCA# | gabbh d |
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| O#P"%AMCNP"PoANA"CP"FE4AP"D"o | hahSi d |
d | hahSi | caTbC | |
| e#oP"D%CP"FE?LD# | CaSCU d |
d | CaSCU | bUb | |
| >?I#E?@P#FAlMA"%A% | TacUS d |
d | TacUS | caSbb | |
| >?I#E?NPD"CA"P"EA | hUaSCi d |
d | hUaSCi | RSaCSC | |
| NP#D%?NPoPpD"AM#D"CD"o | caShc d |
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| .lMA"%A%=L#E?I#E?E4If%P"FC#DM% | CaChh d |
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| eC?A#AlMA"%A% | CbaCiU d |
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| U:EX_O#%1%-+30-41_ | |||||
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| UabcR d d UabcR baRci |
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| OeOrs.tN.BYmO!-. | RbbacUS d d RbbacUS RbCaiTS |
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Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
4. STAFF COSTS AND TRANSACTIONS WITH PCC MEMBERS
The PCC pay remuneration to the Transept Hall Caretaker and the Church Secretary. In total the amount paid during the year to these people was £10,381 (2023: £13,822). None of these people are members of the PCC.
No significant payments were made either directly or indirectly to members of the PCC during the year and no contracts were entered into involving PCC members personally or persons with a close family or business connection with them.
5. FIXED ASSETS
!"#ABB !"#$%&'()*%+(,)"--(.-
| >?<@>ABCaaPaC?Tb< >;cd#JL#Defgfh >IIM;MJO >;NcCERE:KEDfgfh Calma?n> ?F#DNES CMOV*O#+O >;NcCERE:KEDfgfh oa >;NcCERE:KEDfgfh >;NcCERE:KEDfgfN |
CDEEF*+I+#JI #JIKLM+IMJNO = i i i i i i i i i |
P*4#K+E RFLDRF SLDJMOFMJNO = c!Mggh i c!Mggh c!Mggh i i c!Mggh i i |
TSSMRE EULMV:EJ; <*;#+ = = i c!Mggh i i i c!Mggh i c!Mggh i i i i i c!Mggh i i i i |
|---|---|---|---|
As disclosed in the accounting policies, consecrated and benefice property are not included in these accounts. This includes the Church, attached Transept Hall and the Vicarage. The Church and Transept Hall are insured for £13.3 million.
Movable church furnishings include the PA system installed in the Church which is now fully depreciated.
11
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
5. FIXED ASSETS (cont.).
- !"#$% !"#$%&'$"&%
| 96.:F+(6TPF6+;<6DP6.=>?>@ d1M/6T &DI.F6FJ"dFI.F6*F$/D6DDP6T.F(6TP6+1/D 96.:F+(6TPF6+a;dFIFI#F.>?>@ |
&D(F+IFD+ J./MF.+1F 8 AB!C??? e e AB!C??? |
&D(F+IFD+ 2PD4 5/+6T 8 8 >aCbc> AbACbc> e e !@b !@b >@C!;; AbbC!;; |
|---|---|---|
Investment properties comprise the Vicarage Cottage located at 45 Church End, Redbourn and the Old Church Hall located at 45B Church End, Redbourn which are let on a commercial basis. As investment properties, the Vicarage Cottage (£425,000 2023: £425,000) and the Old Church Hall (£450,00, 2023: £450,000) are shown at market value and not depreciated.
Investment funds comprise shares in the CBF Church of England Investment Fund. 1,060 shares were held at 31 December 2024 (2023: 1,060).
6. ANALYSIS OF NET ASSETS BY FUND
| !"#A%C#'ECAF | -A%C#'ECAF | ."FL01A"C | 2LC34 | |
|---|---|---|---|---|
| +I"F% | +I"F% | +I"F% | ||
| R | R | R | R | |
| 6"TA%C1A"CU%%AC% 9:;<=9> :?9 =<@:9 9::<>== AI##A"CU%%AC% =@:<>B> ;<C@B a =Cb<:@> c'3d'4'C'A%e31LI"C%f344'"gFIA'"L"AKA3# i=B<>bBM a a i=B<>bBM c'3d'4'C'A%e31LI"C%f344'"gFIA3fCA#L"AKA3# i?B<BBBM a a i?B<BBBM |
||||
| +I"Fd343"EA | =<BBb<=@B 9<@>9 =<@:9 = |
7. DEBTORS
| !"!# | !"!$ | |
|---|---|---|
| % | % | |
| '()G+(,-./01.-+OP. 456$"! 7689! :G;.-,.OG0-< 7"5 7#5 =-.>+?@.AG<+A,+//-B.,(A/0@. 44674C 486"8# $"6$!C !769"# |
12
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
8. LIABILITIES
- !"#A% !"#$%&'($)&*+,-+.+%+(L
| !"#A_!"#$%'($)*+,-+.+%+(L_ | ||
|---|---|---|
| &D&( | &D&) | |
| * | * | |
| +,-.L0N2#334L56.T4L-LT8T#9: | ||
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In order to fund a shortfall in building costs relating to the Old Church Hall renovation, a series of interest free long term loans were made to the church in 2017 by several members of the congregation. These will be repaid at various dates over 10 years using the residential letting income from the property. None of the loans are due for repayment in 2025.
9. FUNDS
The General Fund is effectively the reserves of the PCC to be used for any purpose and which will reflect any surplus or deficit made by the PCC in the general running of the Church.
The headings used for the majority of the fund accounts are self-explanatory such as Church Bells Fund, Transept and Church Hall Funds and Common Round Fund, inter alia. These funds are not restricted to their particular heading under the terms of the Charities Act but are generally only used by the PCC for the purpose indicated by the Fund heading.
There are some funds held by the PCC which are restricted and can only be used for a specific purpose and these are as follows:
Hall No 1 Fund – Set up for the upkeep of the altar rails.
Baskerville and Trevannion Funds – Restricted funds whose origin and purpose are set out on a board in the Vestry and a tablet in the Chancel.
There are also two funds held by the St Albans Diocesan Board of Finance on our behalf which are incorporated into our accounts. There are some restrictions on the use of these funds.
Chancel Fund was originally set up in the 1930’s to discharge a landowner’s liability for the insurance and repair of the Chancel. It was set up in the sum of £43.11s.8d. Only the income and accumulations of income are available for use.
Land Sale Fund originated as a result of the sale of some land by the PCC and the original capital was £1,200. The income is available to the PCC for general ecclesiastical purposes within the parish.
13
Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
9. FUNDS (cont.)
The movements on the fund balances during the year were as follows:
| Baskerville Fund Chancel Fund (Diocese) Charity of the Year Fund Church Bells Fund Church Hall Fund Church Transept Fund Common Round Fund General Fund Hall No 1 Fund Land Sale Fund (Diocese) Trevannion Fund Vicarage Cottage Fund Young People's Work Fund Total |
Opening balance at 01/01/2024 £ 1,805 3,048 - 8,028 473,556 1,885 8,321 255 1,781 10,748 1,380 468,889 3,800 |
Income during year £ 82 138 2,712 510 16,500 8,439 8,828 231,583 81 1,083 63 15,600 1,952 |
Expenditure during year £ - - 1,723 - 3,252 9,056 7,067 230,436 - - - 2,341 1,855 |
Gain on market value £ - 22 - - - - - - - 527 - - - |
Transfers between funds £ - - - - - - - - - - - - - |
Closing balance at 31/12/2024 £ 1,887 3,208 989 8,538 486,804 1,268 10,082 1,402 1,862 12,358 1,443 482,148 3,897 |
|---|---|---|---|---|---|---|
| 983,496 | 287,571 | 255,730 | 549 | - | 1,015,886 |
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Parochial Church Council of St Mary's, Redbourn Notes to the Accounts for the year ending 31 December 2024
10. SPECIAL GRANTS AND COLLECTIONS
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11. QUINQUENNIAL INSPECTION
There was a Quinquennial Inspection in November 2021. The architect provided a statement of work which was put out to tender during 2023. Work started in Q2 2024 and will be completed in 2025.
12. TRANSACTIONS WITH CONNECTED CHARITIES
During the year, the following was received or accounted for as receivable from a connected charity:
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In addition to the above, as shown in 10 (b), an amount of £472 was raised in aid of The Friends of St Mary’s.
These amounts are included in the Statement of Financial Activities.
15