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||
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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
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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:
- The provision of regular public acts of worship open to members of the Church and non-members alike.
- The provision of sacred space for prayer and contemplation.
- The teaching of Christianity through sermons and small groups.
- Pastoral work including visiting the sick and bereaved.
- The provision of children’s and youth groups and a range of meetings with a Christian ethos.
- The provision of space for local organisations and charities to hold concerts and events which are sympathetic to the ethos of the Church.
- Promoting the whole mission of the Church (and aiding social cohesion) through activities for older people, parents and toddlers.
## **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.
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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:
- A letter from the Archbishop of York concerning “Prayers of Love and Faith”.
- ‘Origins Project’ – Progress through the Development Phase of our NLHF Project.
- Report on feasibility Study – Hawdon Institute.
- Plans for Stewardship Campaign in 2025.
- “Now Then” Arts Projects - a partnership with North Yorkshire and the Arts Council.
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.
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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.
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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.
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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|
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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.
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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.
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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:
- Plant and machinery Straight line basis over 5 years
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.
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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.
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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.
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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|
||||||
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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**|
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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.
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Document ID: a51b419cdc8984bc498b018fae32d39f6d589b9c9c80a152b78ce2a553ccfb86