HEWORTH CHRIST CHURCH Stockton Lane, York
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Annual Report and Accounts of the Parochial Church Council for the Year Ended 31 December 2024
| Contents | ||
|---|---|---|
| Page | ||
| Annual Report | 2 | |
| Report from the PCC | 4 – 5 | |
| Financial Review | 6 – 7 | |
| Independent Examiner’s Report | 8 | |
| Receipts and Payments Account | 9 | |
| Balance Sheet | 10 | |
| Notes to the Accounts |
11 – 13 | |
| 2025 Budget | 14 |
Registered Charity Number 113089
Heworth Christ Church Annual Report of the Parochial Church Council for the Year Ended 31 December 2024
Administrative information
Heworth Christ Church is situated on Stockton Lane, Heworth, York. It is part of the Diocese of York within the Church of England. The correspondence address is:
Heworth Christ Church Stockton Lane Heworth York YO31 1JG
The Parochial Church Council (PCC) of the Ecclesiastical Parish of Heworth Christ Church, Diocese of York, is a registered charity, number 1130896.
PCC members who have served during the period between the APCM for 2024 until the APCM for 2025 (at which date this annual report and accounts are approved) were:
Priest in Charge: Vacant
Vice Chair: Mr Eric Welburn (Acting Chair)
Wardens: Mrs Anne Tong and Mr Tom Whiteford
Parish Secretary: Mrs Sue Ayres
Acting Minutes Secretary: Mrs Patricia Reid
Representative on the Deanery Synod: Dr Viv Clarke
Elected members:
Mrs Sue Ayres Mrs Kirstie Baldwin Mrs Valerie Caffrey Mr Eric Welburn Mrs Mandy Welburn Mrs Anne Tong Mrs Erica Holland Mr Simon Gilbert
Treasurers (Joint): Mrs Olga Bielby and Mr Eric Welburn
Bankers: HSBC Bank Plc 13 Parliament Street YORK. YO1 8XS
Independent Examiner: Mr Iain Spence FCA; BSc
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Structure, Governance and Management
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered as an independent charity, registered number 1130896, in the name of “The Parochial Church Council of the Ecclesiastical Parish of Heworth Christ Church, Diocese of York”. The role of the PCC is to promote within the parish the whole mission of the Church – pastoral, evangelistic, social and ecumenical. It comprises clergy, church wardens and elected lay members.
The method of appointment of PCC members is set out in the Church Representation Rules. There is a local agreement that members of the PCC who have served a 3-year maximum term in office cannot stand for re-election within one year. All Church attendees are encouraged to register on the Church Electoral Roll and stand for election to the PCC.
Heworth Christ Church PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to the House of Bishop’s guidance on safeguarding children and vulnerable adults).
The full PCC has been meeting 10 times a year but this is under review.
Objectives and Activities
The Parish of Heworth Christ Church has the following Mission Statement:
“At Christ Church our hope is to see The Kingdom of God grow in our communities through Worship, Prayer, Lifestyle and Outreach”.
Vision Statement: A Healthy Church – A Growing Church
The members of the PCC are aware of the Charity Commission guidance on public benefit in “The Advancement of Religion for the Public Benefit” and have had regard to it in their administration of the PCC.
Church attendance
There are 87 parishioners on the Church Electoral Roll. There are several people who are ineligible to be on the Electoral Roll (e.g. Clergy) and others who wish to remain part of the Church family although unable to worship here on a regular basis due to illness or other circumstances.
We hold a Sunday morning service every week with an average attendance of 50 people.
The monthly evening service was cancelled when Rev Hoyland left.
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Report from the PCC 2024
Much of the PCC time and energy this year has been directed at fulfilling the incumbent vacancy. Rev John Hoyland continued with us as Curate in Charge until September and we are very grateful to him for all the work he did, and to the Diocese for lending him to us. However, John felt that his future lies in education and has taken on a post as a Life Long Learning Tutor. We wish him well with this.
In June two candidates for our vacancy were interviewed. Our Parish Reps were Viv Clarke and Kirstie Baldwin. The day comprised of tours around the church, vicarage & Diocese; meeting the PCC; a Eucharist at which the Bishop presided; and a formal interview following lunch. On this occasion there was agreement by the whole interview panel that neither applicant was suitable for HCC and no appointment was made.
Following this a candidate proposed by Archdeacon Sam Rushton met the PCC for an informal chat but this did not lead to an appointment. The vacancy was readvertised and an interview day repeated on 12[th] December. This time the panel consisted of the Archdeacon, the Rural Dean, and a CPAS representative (though their patronage is currently in suspension) - all present previously – along with our new Bishop Flora and, due to availability, our Parish Reps were now Anne Tong and Val Caffrey.
We are delighted that Rev Ian Jones was offered the three year post of interim priest in charge of HCC and has accepted this post.
This process has been underpinned throughout with prayer from the whole church, having not only been mentioned frequently in intercessions on a Sunday but focussed on at the Tuesday morning prayer sessions usually held at Gordon and Trisha Reid’s house.
Since John’s departure the challenging task of finding people able to lead our services has fallen to the church wardens. We are all very grateful to Gerald Hovenden and Les Bingham for the work they continue to do. Their ministry has been a blessing for us all. In addition, our thanks go to Mike Perkins, Phil Moore, Ian Birkinshaw, Jim Roberts, the Archdeacon and any others who have helped to fill our void.
The church wardens have also needed to find music for some of our services. We are thankful and blessed to have Keith Schooling who plays for us alternate weeks and covered many of the Christmas Services. We are similarly grateful to Carol & Ritchie who were playing monthly but are now joining us more often. Particular thanks go to Anne Tong who has organised all of this and finds online music for us to sing along to during services without musicians.
Meanwhile the whole church has continued to work hard to maintain our groups and outreach work and spread God’s word.
Coffee shop had to be reduced to mornings only due to a shortage of volunteer numbers but most of those who came in the afternoon now join us in the morning. It is a testament to this as outreach work that people not part of church joined the volunteer team, and now some of these are part of our church family.
Babies and Toddlers and Senior Friends groups continue to reach new people as volunteers work with these groups aiming to show Christ’s love in action. Our challenge now is to move onto the next stage and attract these people into our church services.
Congregation members attend Tuesday Fellowship and Small Groups suiting the aspects of faith they study to their own needs. John Hoyland organised Sunday evening events during Lent which focussed on methods of prayer and were much enjoyed. Our annual week of prayer was held at the end of January last year.
For the first time in some years the uniformed organisations attended both the Mothers’ Day Service and the Harvest Service, when they led the intercessions. Our Harvest service was followed by a shared lunch at which we bid farewell to Rev Hoyland. We
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celebrated Carols on the Lawn again – attended by around 130 people. There was also a very well attended Christingle Service organised by the Babies and Toddler group and led by Sam Nunes.
Though HCC does not currently have a Parish Safeguarding Officer (PSO) Anne Tong and Sue Ayres have taken on DBS checks and organising safeguarding training. This will always be ongoing work but the PCC have approved the necessary up to date policies; much online training has been completed and this is now being inputted into the CofE Safeguarding Dashboard.
Pastoral care/visiting needs to be defined clearly but this important work has carried on with the increasing numbers of our church family who are sick and housebound being visited, lifts organised when required, and communion taken to those requesting it. Jean Taylor continues to be amazing in the amount of work she does and organises, ensuring all these needs are met and the church is indebted to her.
Some of our plans have been on hold whilst we wait for a new incumbent. As a church we have been keen to work with other local churches for some time, and are looking forward to doing this. Moves have been made towards a new website; this is proving more complicated than anticipated but is ongoing.
There has also been talk of considering the Parish Giving Scheme and we hope to be discussing this again soon. Finance is much needed for the building and maintenance work required by the Quinquennial Report.
As a church we are very grateful to the Diocese for the faith they are showing in HCC’s potential by agreeing to fund a full-time stipend incumbent for three years. We recognise this as a great blessing and opportunity. With God’s help and grace we will be working with our new vicar to grow His church to His glory in the very near future.
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Heworth Christ Church, Stockton Lane, York
Financial Review
Total receipts from voluntary giving were £45,540.77 and are detailed in the financial statements. The figure for 2023 was £46,855.18. Income from hall hire remained steady for 2024 at £18,840.70. The total for 2023 was £18,385.23.
We spent £30,312.55 on our Christian ministry, against £33,685.61 last year. Our Freewill Offering (FWO) to the Diocese, which is spent mainly on clergy stipends and housing, was reduced for 2023 to £30,000.04, albeit increased from the original pledge of £27,500.00. In 2024 the FWO was increased to £33,000.00. The FWO for 2025 has been further increased to £36,000.00.
Unrestricted Funds
Our carried forward balance from 31 December 2024 was £29,048.49. The sum brought forward from 2023 was £23,459.01.
Designated Funds
Our Thanksgiving Fund remained unchanged at £9,610.56 as at 31 December 2024 compared with 12 months earlier. The Coffee Shop continues to be very popular, the team decided at the start of 2023 to transfer funds at the end of each year to the general fund to leave them approximately £1,000.00 for breakages or replacement requirements, so £2000.00 has transferred from the Coffee Shop to the General fund balance in 2024 and a sum of £941.29 is carried forward.
Additionally they donated all their income from Lent, without any deduction for costs, whilst encouraging additional collections from their customers. In 2024 the sum of £756.97 was donated to the charity Restore.
Restricted Funds
Our Charity Fund, financed from 25% of our tithing increased to £2,357.69 from £1,237.69, 12 months earlier. A Vicar’s discretionary fund was also established during 2024 with £500.00. This balance remained unchanged as at 31[st] December 2024.
Tithing
The Charities selected for support during 2024 were Elam, Embrace, a continuation of our support for The Besom (York) together with our Church charity fund. The same charities have been selected for 2025.
Major expenditure
Aside from the replacement of the cooker in the Church kitchen, there was no major expenditure during 2024.
A Quinquennial inspection was undertaken in June 2023 and the findings from that and ongoing financial needs to cover them are to be discussed by the PCC and a plan formulated.
Balance sheet
Our bank and cash balances as at 31[st] December 2024 totalled £43,860.16 (2023: £35,380.74). Our CBF Investment fund Shares were valued at £19,076.23 (2023: £18,649.37) against the original cost of £10,361.
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Reserves
Our total cash reserves as at 31[st] December 2024 were £62,936.39 compared with £54,030.11 at the end of 2023. Our largest monthly outgoing is our Freewill Offering to the Diocese, which is now £3000.00 p.c.m. Our general costs for 2024 were £22,012.92 (2023: £22,094.69).
Energy costs have risen dramatically during the last 18 months and this trend is expected to continue.
Acknowledgements
The PCC is most grateful to Mr Iain Spence for all advice and assistance in examining the final accounts.
Approved by the PCC and signed on their behalf by
Signed: ……………………………………………….
Eric W Welburn (Acting PCC Chair)
Date: 6[th] April 2025
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Independent Examiner’s Report – Heworth Christ Church PCC
I report on the financial statements of the Heworth Christ Church charity for the year ending 31[st] December 2024.
Responsibilities of the Trustees
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Responsibilities of the Examiner
It is my responsibility to:
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Examine the financial statements under section 145 of the 2011 Act
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Follow the procedures laid down in the general direction given by the Charity Commission under section 145(5)(b) of the 2011 Act and
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State whether particular matters have come to my attention
Basis of Independent Examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records.
It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from trustees concerning such matters.
The procedures undertaken do not provide all the evidence that would be required of an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiner’s report
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect with requirements:
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a. to keep accounting records in accordance with section 130 of the 2011 Act; and
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b. to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
…………………………………… Iain Spence BSc FCA 17 February 2025
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Receipts and payments account for 2024
| Receipts | Note s |
Unrestricte d |
Designated | Restricted | 2024 | 2023 |
|---|---|---|---|---|---|---|
| Voluntary from donors | ||||||
| Tax efcient planned giving | 1 | £23,540.00 | £0.00 | £0.00 | £23,340.00 | £22,185.00 |
| Other planned giving | £7,281.40 | £0.00 | £0.00 | £7,481.40 | £8,590.00 | |
| Collections | £5,894.74 | £0.00 | £0.00 | £5,894.74 | £3,370.66 | |
| Non recurring donations | £273.61 | £0.00 | £0.00 | £273.61 | £3,718.92 | |
| Income tax recovered | £7,551.02 | £0.00 | £0.00 | £7,551.02 | £7,245.60 | |
| Legacy | £1,000.00 | £0.00 | £0.00 | £1,000.00 | £0.00 | |
| Non recurring grant | £00.00 | £0.00 | £0.00 | £0.00 | £1,745.00 | |
| Total of Voluntary income | £45,540.77 | £0.00 | £0.00 | £45,540.77 | £46,855.18 | |
| Other Income | ||||||
| Investment income | 2 | £1,172.93 | £0.00 | £0.00 | £1,172.93 | £906.74 |
| Receipts from Church activities |
3 | £18,840.70 | £5,610.80 | £0.00 | £24,451.50 | £25,610.88 |
| Sale of assets | 4 | £250.00 | £0.00 | £0.00 | £250.00 | £8.00 |
| Other incomes – e.g. funerals | 4 | £158.00 | £0.00 | £0.00 | £158.00 | £0.00 |
| Agency | £0.00 | £0.00 | £218.77 | £218.77 | £2,561.51 | |
| Total of Other income | £20,421.63 | £5,610.80 | £218.77 | £26,251.20 | £29,087.13 | |
| TOTAL RECEIPTS | £65,962.40 | £5,610.80 | £218.77 | £71,791.97 | £75,942.31 | |
| Payments | Note s |
Unrestricte d |
Designated | Restricted | 2024 | 2023 |
| Freewill Oferingto Diocese | 5 | £33,000.00 | £0.00 | £0.00 | £33,000.00 | £30,000.04 |
| Other outgoing payments | 6 | £22,012.92 | £2,939.63 | £5,360.00 | £30,312.55 | £33,685.61 |
| TOTAL PAYMENTS | £55,012.92 | £2,939.63 | £5,360.00 | £63,312.55 | £63,685.65 | |
| EXCESS OF RECEIPTS OVER PAYMENTS |
£10,949.48 | £2,671.17 | -£5,141.23 | £8,479.42 | £12,256.66 | |
| Unrealised (Loss)/Gain CBF InvUnits |
7 | £0.00 | £426.86 | £0.00 | £426.86 | £1,616.50 |
| Transfer between funds | 8 | -£4,176.64 | -£2,726.97 | £6,903.61 | £0.00 | £0.00 |
| Shift in funds over the year | £6,772.84 | £371.06 | £1,762.38 | £8,906.28 | £13,873.16 | |
| Bank/CBF Inv account as at 1 Jan 2024 | £23,459.01 | £29,257.02 | £1,314.08 | £54,030.11 | £40,156.95 | |
| Bank/CBF Inv account as at 31 Dec 2024 |
£30,231.85 | £29,628.08 | £3,076.46 | £62,936.39 | £54,030.11 |
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Balance sheet as at 31 December 2023
| Fixed assets | Notes | 2024 | 2023 |
|---|---|---|---|
| CBF Investment Fund Income Units 825 shares | 7 | £19,076.23 | £18,649.37 |
| (original cost £10,361) (*5) | |||
| Current assets | |||
| Business Money Manager (BMM) account | £39,028.65 | £30,160.41 | |
| Charitable account | £4,791.51 | £5,220.33 | |
| Cash on hand | 8 | £40.00 | £0.00 |
| Total cash at bank and on hand | £43,860.16 | £35,380.74 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £62,936.39 | £54,030.11 | |
| Unrestricted general fund | £30,231.85 | £23,459.01 | |
| Designated | |||
| Cofee shop | £941.29 | £997.09 | |
| Thanksgiving fund | £9,610.56 | £9,610.56 | |
| CBF Investment Fund Income Units Fund | £19,076.23 | £18,649.37 | |
| Designated total | £29,628.08 | £29,257.02 | |
| Restricted | |||
| Charity funds | £2,357.69 | £1237.69 | |
| Vicar’s discretionary fund | £500.00 | £0.00 | |
| Restricted donations Senior friends | £0.00 | £76.39 | |
| Agency | £218.77 | £0.00 | |
| Restricted total | £3,076.46 | £1,314.08 | |
| TOTAL FUNDS | £62,936.39 | £54,030.11 |
Approved by the PCC on ………………………………….
and signed on their behalf by
………………………………………………………………………………………..
Mrs Olga Bielby and Mr Eric Welburn (Joint PCC Treasurers)
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Notes to the Financial Accounts 2024
The following notes provide additional financial information in respect of this report.
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Following a discussion with the Diocese Finance Team, we have ceased splitting utility costs between the Church and the Church Hall. The reason for this is that each of the utility bills is served by individual meters. This meant that we have previously expended time apportioning costs on an arbitrary basis. Each of these costs (electricity, Gas and water) have been consolidated along with the 2023 comparative figures
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The coffee shop continues to make a contribution towards cleaning costs at the rate of £100.00 per month. This allocation has been maintained as it is a specific and measurable cost
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The Quinquennial Report was prepared in June 2023 and a budget of £10,000.00 was allocated for 2024. There was no spend during the year ending 31[st] December 2024. This figure has been carried forward into 2025.
1. Receipts-Voluntary Giving
| Unrestricted | Designated | Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| Tax efcientplannedgiving | £23,540.00 | £0.00 | £0.00 | £23,540.00 | £21,785.00 |
| Otherplannedgiving | £7,281.40 | £0.00 | £0.00 | £7,281.40 | £8,990.00 |
| Collections | £5,894.74 | £0.00 | £0.00 | £5,894.74 | £3,370.66 |
| Non recurringdonations | £273.61 | £0.00 | £0.00 | £273.61 | £1,718.92 |
| Income tax recovered | £7,551.02 | £0.00 | £0.00 | £7,551.02 | £7,245.60 |
| Legacy | £1,000.00 | £0.00 | £0.00 | £1,000.00 | £2,000.00 |
| Non recurring grant | £0.00 | £0.00 | £0.00 | £0.00 | £1,745.00 |
| Total | £45,540.77 | £0.00 | £0.00 | £45,540.77 | £46,855.18 |
2) Receipts -Investment Income
| Unrestricted | Designated | Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| Dividends: CBF | £517.67 | £0.00 | £0.00 | £517.67 | £509.77 |
| Bank interest | £655.26 | £0.00 | £0.00 | £655.26 | £396.97 |
| Total | £1,172.93 | £0.00 | £0.00 | £1,172.93 | £906.74 |
3) Receipts from charitable activities
| Unrestricted | Designated | Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| Cofee Shop | £0.00 | £5,610.80 | £0.00 | £5,610.80 | £6,679.65 |
| Church hall lettings (*1) | £18,840.70 | £0.00 | £0.00 | £18,840.70 | £18,385.23 |
| Total | £18,840.70 | £5,610.80 | £0.00 | £24,451.50 | £25,610.88 |
4) Other receipts
| Unrestricted | Designated | Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| Fees for weddings & funerals | £158.00 | £0.00 | £0.00 | £158.00 | £546.00 |
| Surplus - sale of assets | £250.00 | £0.00 | £0.00 | £250.00 | £8.00 |
| Funeral collections | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Agency** | £0.00 | £0.00 | £218.77 | £218.77 | £2,561.51 |
| Total | £408.00 | £0.00 | £218.77 | £626.77 | £2,569.51 |
Note: ** Agency payments above are monies received on behalf of 3[rd] parties. These sums were paid January 2025)
| Total receipts | £65,962.40 | £5,610.80 | £218.77 | £71,791.97 | £75,942.31 | £75,942.31 |
|---|---|---|---|---|---|---|
| 11 |
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5) Payments: Freewill offering to the Diocese
| Unrestricted | Designate d |
Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| Totalpayments | £33,000.00 | £0.00 | £0.00 | £33,000.00 | £30,000.04 |
6) Payments: Charitable activities
Note: The coffee shop running costs for the year (included in the table below) were £2,182.66. The coffee shop team also made the decision to divert income for the 4 weeks during Lent to the Restore charity. This sum totalled £756.97.
| Unrestricte d |
Designate d |
Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| Giving to relief and developmentagencies |
£30.00 | £756.97 | £5,360.00 | £6,146.97 | £6,000.00 |
| Givingto overseas mission | £0.00 | £0.00 | £0.00 | £0.00 | £2,000.00 |
| Givingto secular charity | £0.00 | £0.00 | £0.00 | £0.00 | £110.00 |
| Workingexpenses: incumbent | £87.27 | £0.00 | £0.00 | £87.27 | £505.80 |
| Pastoral | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Senior friends | £0.00 | £0.00 | £0.00 | £0.00 | £495.00 |
| Water rates: Vicarage | £0.00 | £0.00 | £0.00 | £0.00 | £369.00 |
| Telephone: Vicarage | £0.00 | £0.00 | £0.00 | £0.00 | £728.00 |
| Parish outreach & mission | £194.24 | £0.00 | £0.00 | £194.24 | £724.28 |
| Education & training | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Insurance (Church & Hall) | £1,356.59 | £0.00 | £0.00 | £1,356.59 | £1,322.60 |
| Church maintenance | £912.06 | £0.00 | £0.00 | £912.06 | £469.85 |
| Church runningexpenses | £1,320.40 | £0.00 | £0.00 | £1,320.40 | £1,425.59 |
| Upkeepof services | £769.92 | £0.00 | £0.00 | £769.92 | £476.16 |
| Young people | £0.00 | £0.00 | £0.00 | £0.00 | £59.03 |
| Upkeepof Churchyard | £2,488.40 | £0.00 | £0.00 | £2,488.40 | £1,320.00 |
| Administrations other (*4) | £1,376.39 | £0.00 | £0.00 | £1,376.39 | £2,331.17 |
| Printing, stationery,postage | £25.86 | £0.00 | £0.00 | £25.86 | £246.14 |
| Electricity(Church & Hall) | £2,612.27 | £0.00 | £0.00 | £2,612.27 | £1,009.18 |
| Gas (Church & Hall) | £3,064.69 | £0.00 | £0.00 | £3,064.69 | £1,926.96 |
| Water (Church & Hall) | £748.34 | £0.00 | £0.00 | £748.34 | £457.91 |
| Cofee Shop expenditure (*2) | £0.00 | £2,182.66 | £0.00 | £2,182.66 | £2,676.41 |
| Hall running expenses | £6,003.52 | £0.00 | £0.00 | £6,003.52 | £3,480.22 |
| Hall maintenance | £1,022.97 | £0.00 | £0.00 | £1,022.97 | £1,002.49 |
| Church major repairs: structure | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Hall major repairs: structure | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Hall major repairs: installation | £0.00 | £0.00 | £0.00 | £0.00 | £1,740.31 |
| Hall int & Ext decorating | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Agency | £0.00 | £0.00 | £0.00 | £0.00 | £2,809.51 |
| Totals | £22,012.92 | £2,939.63 | £5,360.00 | £30,312.55 | £33,685.61 |
7) CBF Investment Fund
Note: The unrealised gain of £426.86 increased the CBF fund to the certified value of £19,076.23 as at 31[st] December 2024. The original cost was £10,361 in 2010.
| CBF Investment Fund Income Units 825 shares | 2024 | 2023 |
|---|---|---|
| Balance (value) brought forward – 1stJanuary 2024 | £18,649.37 | £17,032.87 |
| Unrealised gain during the fnancial year | £426.86 | £1,616.50 |
| Balance (value) carried forward – 31stDecember 2024 | £19,076.23 | £18,649.37 |
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8) Cash at bank and in hand
| Cash at bank and on hand | ||
|---|---|---|
| Business Money Manager (BMM) account | £39,028.65 | £30,160.41 |
| Charitable account | £4,791.51 | £5,220.33 |
| Cash on hand | £40.00 | £0.00 |
| Total | £43,860.16 | £35,380.74 |
The cash at bank and on hand includes £40.00 cash on hand which relates to the coffee shop float. This was created when the coffee shop was established in 2019.
Due to an oversight at that time, the recording of the float was missed and it is understood that the first day revenue was understated by £40.00 in the creation of the float. This has now been adjusted by increasing revenue by £40.00 to enable the correct recording of the cash on hand as at 31[st] December 2024.
All other cash collected during the Christmas period was banked on 30[th] December 2024 resulting in no other cash being held as at the year end.
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Budget for 2025
| Receipts | 2025 budget | 2025 budget |
|---|---|---|
| Voluntary giving from Donors (including tax efcient planned giving, other planned giving, collections) |
£40,000.00 | |
| Tax recoverable | £7,500.00 | |
| Church Hall Lettings | £19,000.00 | |
| Cofee Shop (Designated fund but funds over £1000 will go to the unrestricted fund atyear end) |
£6,000.00 | |
| Total budgeted income | £72,500.00 |
| Expenditure | 2025 budget | 2025 budget |
|---|---|---|
| Freewill Ofering to Diocese | £36,000.00 | |
| Tithe/Charitablegiving | £6,000.00 | |
| Utilities and Insurance | £7,500.00 | |
| Maintenance and Grounds | £8,500.00 | |
| Quinquennial (Reports required, remedial work & toprioritise items) | £10,000.00 | |
| Administration | £2,500.00 | |
| Cofee Shop (Designated fund, see above) | £2,000.00 | |
| Total budgeted expenditure | £72,500.00 |
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