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← The Parochial Church Council Of The Ecclesiastical Parish Of Selby St Mary

2024-12-31-accounts

Charity number: 1130739

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

CONTENTS

Page
Reference and administrative details of the PCC, its Trustees and advisers 1 - 2
Trustees' report 3 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the financial statements 12 - 35

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

REFERENCE AND ADMINISTRATIVE DETAILS OF THE PCC, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees and Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.

Incumbent The Revd Canon John Weetman(Chairman)
Curate The Revd Daniel James Thomas(to 14 October 2024)
Associate Priest The Revd Dr Julie Watson
Church Wardens Elaine Exley (to 26 May2024)
Sue Tagert
Stewart Skillbeck(from 26 May2024)
Deanery Synod Karen Banks
Representatives Sue Tagert
Elected Members Paul Simpson(to 26 May2024 and from 22 July2024)
Fraser Stewart(to 26 May2024)
John Watkins(to 26 May2024)
Laurence Brown
Terence Cordery (to 14 October 2024)
Christopher Wilson(to 11 March 2024)
Andrew Bastock(to 22 April 2024)
Gail Morley
Stewart Skilbeck
Cheryl Radway (from 26 May2024)
Elaine Exley (from 26 May2024)
Katherine Robson(from 25 May2024)
Roger Riley (from 22 July2024)
Officers and Attendees Jennifer Cooke,Secretary
Roger Riley,Treasurer
Oliver Waterer,Director of Music
Elaine Exley,SafeguardingOfficer
John Engelhart(to 9 April 2024),Chairman - SelbyAbbeyTrust
Paul Simpson(from 9 April 2024),Chairman - SelbyAbbeyTrust
Charity name
The Parochial Church Council of the Ecclesiastical Parish of Selby St Mary
Charity registered number
1130739
Principal office
Selby Abbey
The Crescent
Selby
North Yorkshire
YO8 4PU
Bankers
HSBC
Market Place
Selby
North Yorkshire
YO8 4PA

Page 1

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

REFERENCE AND ADMINISTRATIVE DETAILS OF THE PCC, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner

Laura Masheder FCA DChA BHP LLP Rievaulx House 1 St Mary's Court Blossom Street York YO24 1AH

Page 2

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The members of the PCC present their annual report together with the unaudited financial statements of The Parochial Church Council of the Ecclesiastical Parish of Selby St Mary (the PCC) for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and reporting by Charities” (FRS102) in preparing the annual report and financial statement of the Charity.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland published in October 2019.

The PCC also trades under the names The Parochial Church Council of the Ecclesiastical parish of Selby St Mary.

Policies, objectives and achievements

a. Aims and background

Selby Abbey has the responsibility, with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, social and spiritual. Their responsibilities include the buildings at Selby Abbey, St Richard’s Church Centre on Barwic Parade and the Hawdon Institute.

When planning their activities for the year, the members of the PCC have considered the Charity Commission’s guidance on public benefit, including the guidance ‘Public benefit: running a charity (PB2) and, in particular, the specific guidance on charities for the advancement of religion. The public activities of the PCC are:

b. Church attendance

There are 141 parishioners on the Church Electoral Roll.

Attendance figures are as follows:

Average attendance on a ‘typical’ Sunday morning 98 Adults and 17 Children
(excluding Baptisms and Special Services and counting people only once)
Average attendance on Sunday evening 44 Choral Evensong
13 Said Evensong
And at Family Funtime 7 (including adults and children)
Average Attendance on Mondays 11 Adults
Average Attendance on Thursdays 16 Adults

There were 14 Weddings; 67 Baptisms; 45 Funerals in Church and 3 Funerals at the crematorium/graveside.

Page 3

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Policies, objectives and achievements (continued)

c. Review of the year

The P.C.C. met formally on eight occasions during the year, with an average attendance of twelve. As well as the recurring topics, such as the Fabric, Finance, Children and Youth Activities, Deanery Synod/Churches Together in Selby, Safeguarding, and Concerts and Events, discussions and reports took place in relation to other activities as follows:

The Selby Abbey Trust continued to support the Abbey in respect of the Fabric.

Church Council members record their appreciation and thanks to the members of the Abbey Choir and the Tower Bell Ringing Team as well as to the Clergy, Administrator, Director of Music, Churchwardens, Vergers and to Roger Riley, the Treasurer, and to the many volunteers for all their hard work during the year in caring for the Abbey, its congregation, and visitors.

d. Volunteers

Without volunteers the Abbey would not function. It relies heavily on volunteers in order to provide the activities outside of the services held there.

Achievements and performance

a. Review of activities

Total income for the year ending 31 December 2024 was £505,397 (2023: £472,390) and total expenditure was £528,750 (2023: £456,106).

After gains of £12,339 (2023: gains of £8,081) the net movement in funds, in the year to 31 December 2024 was a deficit of £10,188 (2023: surplus of £24,365). Total funds carried forward were £642,186 of which £183,011 are unrestricted, £168,938 are restricted and £290,237 are endowment funds.

The largest single source of income in the year to 31 December 2024 was £80,319 from the Heritage Lottery Fund to support the Origins project (2023: £90,000) from Selby Abbey Trust to fund the ongoing '950' restoration project which includes nave gutters and high-level stonework. Other voluntary income this year includes Selby District Council Grant of £18,000, Bramall Foundation grant of £36,000, Selby United Charities of £13,358 and £81,100 from regular donors, offering envelopes, collections and offertory boxes (2023: £87,589). Various activities for generating funds, including the gift shop, visitor refreshments, fayres, concerts and bric–a-brac, generated income of £107,161 (2023: £69,495).

The expenditure in 2024 included £21,301 for Phase 1 of the 950 Restoration programme (2023: £126,916) and £107,069 on the development stage of the Origins Project . Another of our largest outgoings was £60,000 (2023: £56,400) this being our Freewill Offering towards the Diocese running costs.

Page 4

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

b. Investment policy

Except for endowment funds that are held in a range of investments, including equities, fixed interest securities, unit trusts and similar investments, it is the PCC’s continued policy to invest its financial reserves with the CBF Church of England ethical investment funds with the aim of safely preserving the charity's investment and generating a steady source of income.

c. Fundraising activities and income generation

There are some concerts held throughout the year alongside fayres. The success of these is measured against our ability to fund the Abbey throughout the year alongside the donations and bequests we receive.

Financial review

a. Going concern

Given the level of assets and reserves, the Members of the PCC have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the policy of the PCC to hold free reserves equating to approximately 3 months of operational expenditure which is around £72,000. Free reserves at 31 December 2024 were £127,568 (2023: £140,881), which is above this level. The PCC consider it appropriate to hold reserves in excess of the target level due to the uncertainty of the PCC's income streams.

c. Risk management

The members of the PCC have assessed the major risks to which the PCC is exposed, in particular those related to the operations and finances of the PCC, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Page 5

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

a. Registration and governing document

The registration of The Parochial Church Council of the Ecclesiastical Parish of Selby St Mary, registration number 1130739, in accordance with the Charities Act took place on 27 July 2009.

The PCC is governed according to the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules.

b. Membership

Trustees and members of the PCC are either ex officio or elected by the Annual Parish Church meeting in accordance with the Church Representation Rules.

c. Sub-committee

The routine day to day management of the parish affairs were delegated to a Standing Committee of the PCC which met between full meetings of the PCC and comprised the Clergy, Churchwardens, one nominated representative of the ordinary PCC members, Treasurer and Secretary. It has the power to transact the business of the PCC subject to any direction given by the PCC.

d. Pay policy for key management personnel

All salaries are based on the National Living wage.

Plans for future periods

The development phase of the origins project is now well under way with all of the necessary consultants in place to deliver their aspects of the plan. This is moving at some pace as we are hoping to complete this phase later this year. The next stage will be the submission for the Delivery phase, which if successful will start around the middle on 2025. We are aiming to meet the August deadline for the submission of the Delivery phase application of this project. This project is giving the Abbey organisation the chance to review all aspects of it work and help build resilience for the future.

Page 6

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

04/07/2025 GMT

Signer ID: CRZCVPKXXZ... Laura Masheder FCA DChA

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
Note
Cash flows from operating activities
Net cash used in operating activities
23
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
24		 2024
£
(24,824)
13,323
(731)
19,357
(22,952)
8,997
(15,827)
253,407
237,580		 2023
£
(11,002)
11,758
(619)
44,393
(42,313)
13,219
2,217
251,190
253,407

Page 11

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

Selby Abbey PCC is an unincorporated charity registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and activities are set out on page 3 of these financial statements and include the promotion of the ecclesiastical parish, the whole mission of the church, pastoral, social and spiritual.

2. Accounting policies

2.1 Basis of preparation of financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the 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 issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The 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 Account 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 issued in October 2019 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 are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

As part of their assessment of the going concern basis of preparation, the trustees have considered the impact of current events on the PCC's activities and workforce, as well as the wider economy and on the forecasted income for the year to 31 December 2025. They have also informally considered the period up to 12 months from the signing of the accounts. The trustees are confident that they have in place plans to deal with any financial losses that may arise. The PCC also has sufficient reserves to cover the current level of expenditure for several months ahead.

At the time of approving the financial statements, the trustees have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Page 12

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.3 Income

All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the PCC is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the PCC has been notified of the executor's intention to make a distribution. Where legacies have been notified to the PCC, or the PCC is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the PCC's objectives.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the PCC; this is normally upon notification of the interest paid or payable by the bank.

Page 13

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation

Consecrated and beneficed property is excluded from the accounts by section 10(2)(a) of the Charities Act 2011.

No value is placed on moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. These items are listed in the Church inventory, which is kept by the Churchwardens of each parish church. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the statement of financial activities.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property has not been depreciated as it is deemed that both the annual charge and the accumulated depreciation are immaterial to the financial statements, due to the asset having a long remaining residual life, and a high currently estimated residual value.

Freehold land has not been depreciated.

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 14

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.12 Financial instruments

The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.13 Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The PCC operates a defined contribution pension scheme and the pension charge represents the amounts payable by the PCC to the fund in respect of the year.

Page 15

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the PCC and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the PCC for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds are funds, the capital of which must be retained either permanently or at the PCC's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The PCC makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 16

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4. Grants and Donations

Donors
Grants and other income
Total 2023		 Unrestricted
funds
2024
£
160,073
17,123
177,196
154,462		 Restricted
funds
2024
£
9,925
156,847
166,772
199,394		 Total
funds
2024
£
169,998
173,970
343,968
353,856		 Total
funds
2023
£
149,867
203,989
353,856

Analysis of income from donors:

Regular donors and offering envelopes
Collections
Offertory boxes
Donations
Flower fund donations and fees
Book of rememberance donations
Votive Candles
Tax Recovered
Total 2023		 Unrestricted
funds
2024
£
39,468
17,820
13,887
53,118
155
375
7,066
28,184
160,073
140,644		 Restricted
funds
2024
£
-
9,925
-
-
-
-
-
-
9,925
9,223		 Total
funds
2024
£
39,468
27,745
13,887
53,118
155
375
7,066
28,184
169,998
149,867		 Total
funds
2023
£
45,140
27,899
14,550
42,343
170
300
6,076
13,389
149,867

Page 17

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Analysis of income from grants and other income:

Selby Abbey Trust (Fabric Fund)
Listed Places of Worship (Fabric Fund)
Selby United Charities
Clock winding and lighting
Selby District Council
Heritage Lottery Fund- Origins Fund
Arts council grant
FEAST grant
Bramall foundation grant
Donation for stained glass window
Total 2023		 Unrestricted
funds
2024
£
-
-
13,358
3,765
-
-
-
-
-
-
17,123
13,818		 Restricted
funds
2024
£
18,000
22,528
-
-
-
80,319
-
-
36,000
-
156,847
190,171		 Total
funds
2024
£
18,000
22,528
13,358
3,765
-
80,319
-
-
36,000
-
173,970
203,989		 Total
funds
2023
£
90,000
15,296
10,168
3,650
13,000
11,870
851
3,154
16,000
40,000
203,989

5. Income from charitable activities

Activities for generating funds
Total 2023		 Unrestricted
funds
2024
£
105,231
69,445		 Restricted
funds
2024
£
1,930
50		 Total
funds
2024
£
107,161
69,495		 Total
funds
2023
£
69,495

Page 18

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Activities for generating funds:

Shop
Visitor refreshments
Fayres and fundraising
Bookings and concerts
Hawdon Institute
Total 2023		 Unrestricted
funds
2024
£
34,865
15,048
19,817
35,501
-
105,231
69,445		 Restricted
funds
2024
£
-
-
-
1,930
-
1,930
50		 Total
funds
2024
£
34,865
15,048
19,817
37,431
-
107,161
69,495		 Total
funds
2023
£
17,867
21,886
25,087
4,605
50
69,495

6. Investment income

Income from listed investments
Interest receivable
Other investment income
Total 2023		 Unrestricted
funds
2024
£
-
3,955
300
4,255
2,203		 Restricted
funds
2024
£
7,405
1,663
-
9,068
9,555		 Total
funds
2024
£
7,405
5,618
300
13,323
11,758		 Total
funds
2023
£
8,359
3,099
300
11,758

Page 19

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7. Other income

Net wedding and funeral fees
Blessings
Young persons activities
Photo shoots
Hosting wireless equipment on tower
Total 2023		 Unrestricted
funds
2024
£
17,382
18,670
2,568
2,325
-
40,945
37,281		 Total
funds
2024
£
17,382
18,670
2,568
2,325
-
40,945
37,281		 Total
funds
2023
£
19,866
14,145
160
850
2,260
37,281

8. Expenditure on raising funds

Publicity and tourism
Visitor refreshments and concerts
Shop and fayre expenses
Total 2023		 Unrestricted
funds
2024
£
-
7,431
28,224
35,655
20,984		 Restricted
funds
2024
£
-
-
-
-
5,475		 Total
funds
2024
£
-
7,431
28,224
35,655
26,459		 Total
funds
2023
£
3,064
6,423
16,972
26,459

Page 20

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9. Analysis of expenditure on charitable activities

Summary by fund type

Church activities (see note 10)
Accountancy fees (see note 11)
Grants and donations
Total 2023		 Unrestricted
funds
2024
£
300,048
7,721
-
307,769
245,196		 Restricted
funds
2024
£
177,040
-
8,286
185,326
184,451		 Total
2024
£
477,088
7,721
8,286
493,095
429,647		 Total
2023
£
414,265
6,159
9,223
429,647

Page 21

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10. Church activities

Ministry and Outreach
Vergers salary
Alter requisites, vestments and clergy costs
Services, music and concerts
Origins project
Diocesan parish share contribution
Grants and charitable donations
Young persons activities
Flowers
Support costs 70% - see below
Abbey and buildings upkeep
Restoration and major repairs
General repairs and maintenance
Insurance
Utilities
Salaries
Support costs 30% - see below
Total 2023		 Unrestricted
funds
2024
£
28,660
1,291
2,813
-
60,000
-
2,292
948
66,285
162,289
-
47,417
28,846
38,781
2,028
28,408
145,480
307,769
245,196		 Restricted
funds
2024
£
6,400
-
5,356
107,069
-
8,286
-
-
739
127,850
21,301
32,500
-
1,330
2,028
317
57,476
185,326
184,451		 Total
funds
2024
£
35,060
1,291
8,169
107,069
60,000
8,286
2,292
948
67,024
290,139
21,301
79,917
28,846
40,111
4,056
28,725
202,956
493,095
429,647		 Total
funds
2023
£
29,047
1,864
11,044
15,763
56,400
9,223
3,120
786
60,288
187,535
126,916
17,391
26,875
41,408
3,684
25,838
242,112
429,647

Page 22

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11. Support costs

Office expenses
Salaries
Accountancy fees
Irrecoverable VAT
Depreciation
Total 2023		 Unrestricted
funds
2024
£
10,632
49,419
7,721
22,278
4,643
94,693
70,564		 Restricted
funds
2024
£
900
156
-
-
-
1,056
15,562		 Total
funds
2024
£
11,532
49,575
7,721
22,278
4,643
95,749
86,126		 Total
funds
2023
£
10,569
47,120
6,159
17,131
5,147
86,126

Support costs are allocated 70:30 between ministry and outreach and Abbey and buildings upkeep.

12. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,045 (2023 - £1,965), and other fees of £5,855 (2023 - £3,975).

Page 23

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13. Staff costs

Wages and salaries
Social security costs
Employer's pension		 2024
£
87,566
-
1,125
88,691		 2023
£
77,877
959
1,015
79,851

Included within Abbey and buildings upkeep (Note 10) are £4,056 of salary costs (2023: £3,684).

The average number of persons employed by the PCC during the year was as follows:

2024 2023
No. No.
Vergers and other support staff 9 9

No employee received remuneration amounting to more than £60,000 in either year.

The PCC considers its key management personnel comprises the Incumbent and the Church Wardens. The key management personnel received no employee benefits (2023 - £NIL).

14. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 December 2024, expenses totalling £360 were reimbursed or paid directly to 1 Trustee (2023 - £697 to 3 Trustees) for costs paid on behalf of the Abbey.

Page 24

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15. Tangible fixed assets

Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
property
£
53,000
-
53,000
-
-
-
53,000
53,000		 Plant and
machinery
£
36,489
731
37,220
30,134
4,643
34,777
2,443
6,355		 Total
£
89,489
731
90,220
30,134
4,643
34,777
55,443
59,355

Page 25

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16. Fixed asset investments

Cost or valuation
At 1 January 2024
Additions
Disposals
Revaluations
Cash movements
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Listed
investments
£
269,548
22,952
(19,357)
13,165
-
286,308
286,308
269,548		 Cash held in
investments
£
6,524
-
-
-
(3,595)
2,929
2,929
6,524		 Total
£
276,072
22,952
(19,357)
13,165
(3,595)
289,237
289,237
276,072

The historic cost of investments as at 31 December 2024 was £206,058 (2023: £190,240).

17. Stocks

2024 2023
£ £
Shop stock 12,926 13,839

Page 26

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

18. Debtors

Trade debtors
Other debtors
Adams Memorial Trust		 2024
£
1,332
25,748
48,646
75,726		 2023
£
-
45,631
40,123
85,754

19. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 January 2024
Resources deferred during the year
Amounts released from previous periods		 2024
£
8,977
-
233
16,587
25,797
2024
£
3,237
1,981
(2,737)
2,481		 2023
£
12,458
1,210
210
15,651
29,529
2023
£
3,577
2,125
(2,465)
3,237

Deferred income is in relation to deposits held for future bookings.

Page 27

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated funds
Property
St Richard's Fund
Young Persons
Flowers
Safeguarding fund
General funds
General
Total Unrestricted
funds
Endowment funds
Adams Memorial
Trust
Hawdon Institute
Aimee V Scott		 Balance at 1
January 2024
£
53,000
5,372
-
-
1,000
59,372
140,864
200,236
237,598
38,474
1,000
277,072		 Income
£
-
-
2,568
155
-
2,723
324,904
327,627
-
-
-
-		 Expenditure
£
-
(557)
(2,292)
(948)
-
(3,797)
(339,627)
(343,424)
-
-
-
-		 Transfers
in/out
£
-
-
(276)
793
-
517
(1,945)
(1,428)
-
-
-
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
11,616
1,549
-
13,165		 Balance at 31
December 2024
£
53,000
4,815
-
-
1,000
58,815
124,196
183,011
249,214
40,023
1,000
290,237

Page 28

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20. Statement of funds (continued)

Restricted funds
Fabric Fund
Fabric (Adams
Memorial)
Support Fund
Sundry Donations
and Collections
Hawdon Institute
Roof Appeal
Origins
Stained glass
window
Bramall
Foundation
grant
Total of funds		 Balance at 1
January 2024
£
56,328
40,632
2,992
-
-
2,688
5,645
40,000
26,781
175,066
652,374		 Income
£
41,657
9,419
159
8,286
1,930
-
80,319
-
36,000
177,770
505,397		 Expenditure
£
(22,357)
-
-
(8,286)
(3,358)
-
(107,069)
(32,500)
(11,756)
(185,326)
(528,750)		 Transfers
in/out
£
-
-
-
-
1,428
-
-
-
-
1,428
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
13,165		 Balance at 31
December 2024
£
75,628
50,051
3,151
-
-
2,688
(21,105)
7,500
51,025
168,938
642,186

Page 29

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated funds
Property
St Richard's Fund
Young Persons
Flowers
Safeguarding fund
General funds
General
Total Unrestricted
funds
Endowment funds
Adams Memorial
Trust
Hawdon Institute
Aimee V Scott		 Balance at
1 January
2023
£
53,000
5,296
163
-
1,000
59,459
147,614
207,073
232,825
35,166
1,000
268,991		 Income
£
-
300
160
170
-
630
262,761
263,391
-
-
-
-		 Expenditure
£
-
(224)
(323)
(786)
-
(1,333)
(264,847)
(266,180)
-
-
-
-		 Transfers
in/out
£
-
-
-
616
-
616
(4,664)
(4,048)
-
-
-
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
4,773
3,308
-
8,081		 Balance at
31 December
2023
£
53,000
5,372
-
-
1,000
59,372
140,864
200,236
237,598
38,474
1,000
277,072

Page 30

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20. Statement of funds (continued)

Restricted funds
Fabric Fund
Fabric (Adams
Memorial)
Support Fund
Sundry Donations
and Collections
Hawdon Institute
Roof Appeal
Origins
Stained glass
window
Arts Council grant
Holiday clubs
grant
Bramall
Foundation
grant
Total of funds		 Balance at
1 January
2023
£
93,250
31,961
2,899
-
-
3,711
-
-
4,124
-
16,000
151,945
628,009		 Income
£
108,296
8,671
93
9,223
842
-
21,870
40,000
850
3,154
16,000
208,999
472,390		 Expenditure
£
(145,218)
-
-
(9,223)
(4,890)
(1,023)
(16,225)
-
(4,974)
(3,154)
(5,219)
(189,926)
(456,106)		 Transfers
in/out
£
-
-
-
-
4,048
-
-
-
-
-
-
4,048
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
8,081		 Balance at
31 December
2023
£
56,328
40,632
2,992
-
-
2,688
5,645
40,000
-
-
26,781
175,066
652,374

Designated funds

The Property Fund represents the freehold property owned by the PCC.

The St Richard's Fund consists of funds set aside specifically for the general use and upkeep of St Richard's Chapel.

The Young Persons Fund consists of funds specifically for the general use towards our mission to Children and Young People.

The Flowers Fund consists of funds set aside specifically for the purchasing and arranging of flowers.

The safeguarding fund has been established following receipt of a donation which may need to be repaid.

Page 31

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Endowment funds

In accordance with the Trust Deed, the income from the Adams Memorial Trust is to be retained by the York Diocesan Board of Finance on behalf of the PCC. Grants may be made from the trust income if they are supported by documentary evidence showing a requirement for the repair or refurbishment of the Abbey's structure.

Income from the Hawdon Institute endowment is paid directly into the PCC's bank account to cover expenditure on the Institute.

Income from the Aimee V Scott bequest is paid directly into the PCC's bank account for general purposes; the capital is in a Central Board of Finance deposit account.

Restricted income funds

The Fabric Fund consists of funds set aside specifically for the maintenance, refurbishment and general repair of the Abbey and associated buildings.

The Fabric (Adams Memorial) Fund consists of funds accumulated from the Adams Memorial Trust to be used specifically for the maintenance, refurbishment and general repair of the Abbey and associated buildings.

The Support Fund was created as a vehicle to receive donations to establish a capital sum for the future support of the Ministry in the Abbey parish.

Sundry donations and collections relate to amounts received from funeral collections which are then paid out at the request of the bereaved families.

The Hawdon Institute Fund consists of funds intended for the use of the Hawdon Institute.

The Roof Appeal has been created to receive funds dedicated to the repair and maintenance of the Abbey's roofs and gutters.

Origins - initial grant for the development stage of the ‘Origins Project’. The fund is in deficit at the year end due to the timing of the final receipt, which was received post year end.

Stained glass window - donations received in relation to the stained glass window.

The Bramall Foundation grant will pay for a Support Assistant Organist post and three Choral Scholarships over 5 years from 2023.

Fund transfers

Transfers have been made from general funds of £616 to the designated Flowers Fund and £4,048 to the restricted Hawdon Institute Fund to cover deficits on these funds.

Page 32

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

21. Summary of funds

Summary of funds - current year

Designated funds
General funds
Endowment funds
Restricted funds		 Balance at 1
January 2024
£
59,372
140,864
277,072
175,066
652,374
- prior year
Balance at
1 January
2023
£
59,459
147,614
268,991
151,945
628,009		 Income
£
2,723
324,904
-
177,770
505,397
Income
£
630
262,761
-
208,999
472,390		 Expenditure
£
(3,797)
(339,627)
-
(185,326)
(528,750)
Expenditure
£
(1,333)
(264,847)
-
(189,926)
(456,106)		 Transfers
in/out
£
517
(1,945)
-
1,428
-
Transfers
in/out
£
616
(4,664)
-
4,048
-		 Gains/
(Losses)
£
-
-
13,165
-
13,165
Gains/
(Losses)
£
-
-
8,081
-
8,081		 Balance at 31
December 2024
£
58,815
124,196
290,237
168,938
642,186
Balance at
31 December
2023
£
59,372
140,864
277,072
175,066
Summary of funds
Designated funds
General funds
Endowment funds
Restricted funds
652,374

22. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
55,443
-
153,365
(25,797)
183,011		 Restricted
funds
2024
£
-
-
168,938
-
168,938		 Endowment
funds
2024
£
-
289,237
1,000
-
290,237		 Total
funds
2024
£
55,443
289,237
323,303
(25,797)
642,186

Page 33

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

22. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
59,355
-
170,281
(29,400)
200,236		 Restricted
funds
2023
£
-
-
175,195
(129)
175,066		 Endowment
funds
2023
£
-
276,072
1,000
-
277,072		 Total
funds
2023
£
59,355
276,072
346,476
(29,529)
652,374

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Gain)/losses on investments
Dividends, interests and rents from investments
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Decrease in creditors
Net cash (used in)/provided by operating activities		 2024
£
(10,188)
4,643
(13,165)
(13,323)
913
10,028
(3,732)
(24,824)		 2023
£
24,365
5,147
(8,081)
(11,758)
(1,889)
(12,042)
(6,744)
(11,002)

Page 34

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86

SELBY ABBEY PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Analysis of cash and cash equivalents

Cash in hand
Cash in investments
Total cash and cash equivalents		 2024
£
234,651
2,929
237,580		 2023
£
246,883
6,524
253,407

25. Analysis of changes in net debt

Cash at bank and in hand At 1 January
2024
£
246,883
246,883		 Cash flows
£
(12,232)
(12,232)		 At 31
December
2024
£
234,651
234,651

The charity has no debt in the current or prior year.

26. Related party transactions

A grant of £13,358 was received from Selby United Charities during the year (2023 - £10,168). Selby United Charities is a group of charities to include the Selby Feoffee and Welfare Charity which granted the Abbey the funds. The Selby Feoffee and Welfare Charity currently has 9 trustees including the Revd Canon John Weetman, Roger Riley and Elaine Exley who are also trustees of the PCC.

Unrestricted donations of £18,774 were received in the year from 12 trustees (2023 - £3,900 (from 3 trustees)).

There were no other related party transactions as required to be disclosed other than the reimbursement of trustee expenses.

27. Free Will Offering

During the year a Free Will Offering of £60,000 (2023 - £56,400) was made to the York Diocesan Common Fund.

Page 35

Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86