ST MARGARET'S
ILKLEY
The Parochial Church Council of
St Margaret's Church, Ilkley
Annual Report and Financial Statements
for the year ended 31 December 2024
Registered charity number 1131220

The Parochial Church Council of St Margaret's Church, Ilkley
Annual Report and Financial Statements
for the year ended 31 December 2024
Contents
Pages
Trustees, report
3to10
Independent Examiner's report
11
Receipts and Payments Account
12to13
Statement of Assets and Liabilities
14to15
Notes to the accounts
17to20
Appendix.. description of endowment
and restricted funds
21to23

The Parochial Church Council of St Margaret's Church, Ilkley
Trustees, report for the year ended 31 December 2024
Administrative information
Trustees
The Trustee of the charity is the Parochial Church Council {PCC). The PCC members during the
financial year and up to and including the date on which this report was approved were..
Name
Position
Dates
Fr Alexander Crawford
Helen Pilling
Chair, ex officio
Vice-chair and
PCC Secretsry
Churchwarden
Churchwarden
Churchwarden
and Treasurer
Anne Eaton
Trevor Moore
Philip Tooke
Resigned 28 April 2024
(Pre-existing PCC member;
CW from 28 April 2024)
Catherine Beaumont
Ros Beeson
Steve Betts
Catherine Chealer
Catherine Gibson
Gwyneth Hartley
Paul Middleton
Judith Smith
Alison Stretton
Tina Warnes
Ben Imiittaker
Sarah Williams
Adam Wlson
Resigned 15 November 2024
Appointed 28 April 2024
Appointed 28 April 2024
Address
st Margaret's Church
Queens Road
Ilkley
Vvest Yorkshire
LS29 9QL
Independent Examiner
John McGhee

Bankers
Barclays Bank UK PLC
Leicester
LE87 2BB
Investment Managers
CCLA Investment Management Limited
One Angel Lane
London
EC4R 3AB
Structure
The Parochial Church Council of St Margaret's Church, Ilkley is a registered charity (number
1131220). It is governed by the Parochial Church Councils (Powers) Measure 1956, as amended,
and the Church Representation Rules.
The Trustee of the charity is the PCC, which is a body corporate. The PCC members are referred to
as Trustees in this report. The Trustees are appointed by church members at the Annual Parochial
Church Meeting.
Alms and purposes
The general functions of the PCC are stated in section 2 of the Parochial Church Councils (Powers)
Measure 1956.
The primary object of the PCC of St Margaret's Church, Ilkley, is the promotion of the Gospel of Our
Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has
the responsibility of cooperating with the incumbent in promoting in the parish the whole mission of
the Church.. pastoral, evangelistic, social, and ecumenical.
The PCC is also responsible for the maintenance of the fabric of the church building of St Margaret's
and the adjoining Parish Hall. The church building is Grade Il" listed and recognised as being of
architectural and historical significance.
Objectives
The PCC is committed to enabling as many people as possible to worship at our church and to
become part of our parish community.
Since its foundation, St Margaret's has been part of the catholic tradition of the Church of England,
with liturgy celebrated with ritual, vestments, and all the splendour of the ancient worship of the
Church. Public worship is held through the week as well as on Sundays, with regular celebrations of
the Mass and public recitation of Morning Prayer.
The incumbent is responsible for administering the Discretionary Fund (see page 21 for details),
which makes grants to members of the congregation, and residents of the parish and the town of
Ilkley, who are in need.

Members of the PCC comply with their duty to have due regard to the Charity Commission's public
benefit guidance when exercising any powers or duties to which the guidan￿ is relevant. They have
also considered the specific guidance on charities for the advancement of religion. The following
sections of the report highlight the various activities undertaken throughout the year by the church for
the benefit of the local public within the parish and beyond.
Mission and Ministry
Worship and Prayer
2024 has seen steady growth at most of our regular and special services. Numbers luctuate, but
attendance at a regular Family Mass is usually between 25 and 30, and the 10.45 am Sung Mass has
grown from an average of be￿een 65 and 75 to between 75 and 85. The Tuesday 6.00 pm
Contemplative Mass now regularly has an attendance in double figures. Attendance at special Easter
and Christmas services was similar to 2023, slightty down at some ServI￿S and slightly up at others.
Evensong remains steady with a congregatr.on of about 25 including the choir in the warmer months
but slightly fewer in winter. We celebrated a number of special events including a choir reunion
Evensong, and a "come and sing" Evensong, both of which were well attended by the cttoir and
congregation. Bradford Cathedral Choir came to sing Evensong for us on the Feast of the Birth of St
John the Baptist.
In April we held a very well-attended talk on plainchant, given by Fr Peter Allan CR, followed by a
"come and sing. plainchant Mass for the transferred ￿lebratiOn of the Annunciation. Subsequently
we have held a plainchant vigil Mass on the first Saturday of each month, offering another opportunity
to obsenie the Sunday obligation in addition to our regular pattem of services.
At Pentecost we were delighted to welcome Bishop Toby Howarth to celebrate the confirmations of
three of our young people, and we pray that God will continue to bless them richly on theirjourney of
faith. The Bishop visited again at Harvest and spoke about his visit to war-torn Sudan, and the
collection at that service went to support the churches of Sudan.
Lent and Advent saw a great variety of services and devotions, including discussion groups on Bishop
Gregory Cameron's"An Easter Book of Days" and "An Advent Book of Days"
Our worshipping community
On the Electoral Roll in 2024 there were 201 names (2023: 203), of whom 103 (2023.. 104} were
resident in the parish. There are around 2,300 occupied dwellings in the parish, and the population is
just over 5,000 people.
In 2024, usual Sunday attendance remained at around 125, though that varies from week to week.
On Easter Eve and Easter Day together total attendance was 235 (2023: 245) with 169 communicants
(2023: 179). In Advent until 23 December total attendance at special seNices was 375 (2023: 393).
On Christmas Eve and Christmas Day together total attendance was 495 (2023: 474) with 130
communicants (2023.. 137). (These figures refSect the number of individual worshippers, and do not
count repeated attendance at more than one service in each period.)
There were four baptisms (2023.. 1), trNo marriages (2023: 1), and 13 funerals {2023.' 9). During the
year roughly 15 people joined the worshipping community (2023.. 19) and roughly three left (2023: 7}.

Music
Music is central to our worship at st Margarefs, whether it be simple plainchant at Morning Prayer, or
full choir and organ at the Sunday Sung Mass. Our musical tradition attracts worshippers from the
parish and beyond, and enhances not only our regular services but also weddings and funerals, as
well as civic services and carol servI￿s. In addition to our adult choir we encourage young people to
bewme involved in music and learn through our Choral Scholarship programme, and our Junior Choir
led by Alison Williams, Su Lord-cloke, Geoff Cloke and Kim Crawford.
Our Director of Music, Christopher Rathbone, has continued his popular monthly organ recitals with a
wide variety of music on offer. Christopher's recital in December 2024 was the 140th in the series.
A highlight of the year was the journey made by some of our choir members to Germany in a
Diocesan choir directed by Christopher Rathbone, visiting Erfurt as part of the 500th anniversary
celebrations of the first Lutheran hymn book. Members of both the adult and junior choirs also sang
carols at Ilkley Station in the lead-up to Christmas, and sang at our own Christmas Tree Festival.
Chlldren and families
Our regular Playtime sessions for pre-school children and their families have continued on Friday
mornings. A strong "home team. from St Margaret's ensures that the sessions run well.
Family Service continues at 9.15 each Sunday morning, including Godly Play once each month, and
also a Family Mass on a month5y basis. Young people are prepared for admission to first communion
and confirmation by the Vicar.
The five members of our Open the Book team have visited Ashlands Primary School in Ilkley six times
a term, to share stories from the Bible with Key Stage 1 classes. We value this opportunity to share
the Bible: the chIld￿n enjoy the team's visits and are eager to participate. We are grateful to the
Head Teacher Mrs Donna Russell and the staff for making us so welcome and for engaging with the
stories. Idve are also grateful to the Otley Christian Resources Hub for providing the props that bring
our stories to life. Occasionally an Open the Book story is presented at our Family SeNlCe.
Fèllowshlp
St Marga￿t'S offers many opportunities for Christian fellowship. These include our well-attended
coffee sessions on Sundays and after the Thursday moming Mass., buffets or wine after special
services; our monthly Lunch Club events with typical attendance of around 25 people, and our young
adults, group.
Pastoral Care
Our pastoral care team maintains contact with members of the congregation who are no longer able
to come to church. Regular visits take place, and our eucharistic ministers make Holy Communion
available for people who are not able to receive the Eucharist at church.
14Ve also provide services and Holy Communion at a number of local care hornes in the parish.

Flower8
We are gratefvl to our dedicated team who produce wonderful displays of flowers in the church.
During 2024 there has been emphasis on environmentally-friendly arrangements which do not involve
the use of floral foam. A new acrylic stand has been purchased which enhances displays at the front
of church.
Christmas Tree Festival
St Margaret's organised Ilkley's Christmas Tree Festival for the third time in December 2024. The
festival followed the fomat of previous years.. for full days over 30 Christmas trees were on
display in the church, beautifully decorated by local charities and organisations. Almost 2,000 people
visited the church over the two days, to see the Christmas trees and vote for their favourite tree, to
watch and listen to the musical entertainment provided by local schools, choirs and musicians.
As in previous years, the festival featured our marvellous refreshment stall, led by Judith Smith. We
had a wonderful array of home-made cakes, supported by supermarket contributions particularty from
Booths and the CO-OP.
The festival raised funds for our Christmas Appeal for Martin House Children's Hospice.. please see
the details in the Ou￿ard giving section below.
Organising the Festival was led by Joanne Tomlinson, Wickie Kemp. Anne Eaton, Judith Smith, Alison
Stretton and Fr Alex. Many thanks to everyone who Contributed in every way towards such a
successful event.
Parish Hall hlrers
The Parish Hall is used by around 15 local communty organisations as well as St Margaret's groups.
Many of our hirers (charities, community and well-being groups) have been with us ft)r a long time- a
testament to the high-quality space and facilities on offer.
Our hirers include Purple Patch (a charity for young adults with special needs), Positive Health (an
exercise group for older people). Articulate (a drama school), Rock Choir and Cantores Olicanae, as
well as clubs and activities such as pilates, yoga, Scottish dancing, ballroom dancing, circle dancing
and early history.
In 2024 the hall generated income of £31,915, plus £2,955 for hire of the church for concerts. We are
very grateful to our Parish Administrator Vickie Kemp for all her work in liaising with our hirers.
Outward giving
We have continued our commitment to ouhvard giving from St Margaret's. Donations to external
charities in 2024 included..
£1,320 to each of Ilkley Food Bank and Bradford Central Food Bank, mainly derived from the
Christmas Tree Festival and Christmas Appeal in 2023
£2,125 to the Church in Sudan, a diocese linked to the DI0￿Se of Leeds
£900 to the Otley Christian Resources Hub
£200 to Inn Churches
£200 to Purple Patch

Funds raised at the Christmas Tree Festival and the Christmas Appeal in 2024 enabled us to donate
£4,442.75 to Martin House Children's Hospi￿ in early 2025.
e are very grateful to everyone who has supported the various appeals and collections and to Linda
V*lhittaker who continues to run her popular cake stalls.
Our Discretionary Fund makes grants to members of the congregation, and residents of the parish
and the town of Ilkley, who are in need. In 2024 payments totalling £1,550 were made to needy
residents of Ilkley. A social prescriber who recommends daimants to us reported, in relation to a
grant made to a local lady.. "This will make a huge difference and help her through an incredibly
difficult time"
Governance
Churchwardens
Trevor Moore resigned as Warden for personal reasons at the APCM in April 2024. We are grateful to
Trevor for his wisdom and good humour during his term as Warden.
A team of Deputy Wardens comprising Helen Pilling, Jane Sheldon and Helen Buswell has continued
to help with Sunday and occasional services, and we are very grateful for their help.
Safeguarding
Safeguarding policies are reviewed annually by the PCC. There have been no safeguarding incidents
or concems reported during 2024.
The PCC is aware of the focus on safeguarding within the Church of England. Safeguarding is
considered at every PCC meeting, and attention has been paid to developments in safeguarding both
in the national Church and in the wider environment. We are grateful to our Parish Safeguarding
Officer Catherine Beaumont for her support in this essential area.
Deanery Synod
We are grateful to Gwyneth Hartley and Judith Smith for representing St Margaret's on the Deanery
Synod for South Craven and Vvharfedale.
The Church and Parish Hall buildings
St Margaret's is fortunate to have a magnificent church building and a modern Parish Hall available
for use. Care of the buildings is handled by a fabric committee chaired by Don MacRae. We also
continue to be grateful to our caretaker Alan Raw for his care and knowledge of the buildings.
Highlights of work relating to the buildings that have been dealt with during the course of 2024
include-
The stained glass in the large west window (above the baptistery) has been professionally cleaned.
A new legilium has been made for use in the Lady Chapel and Choir.
The wooden floor in the large meeting room in the hall has been renovated.

Also during 2024, a great deal of planning has been carried out on projects which are expected to be
implemenkd in 2025. These projects include:
The replacement of shutters be￿een the main hall and the bar and kitchen areas.
The installation of equipment in the church to enable live-streaming of services, together with
improvements to the sound system. A Minor Works Direction was obtained during 2024 to permit this
work.
A scheme for the renewal of the lighting in the church has been designed by the church architect An
application was made to the Archdeacon during 2024 for pemission to implement the scheme.
The improvement of the area in the churchyard around the V*lar Memorial, including creating a new
path to the Memorial from the hall and renewal of the path leading up from the church porch. An
application was made during 2024 to the Consistory Court of the Diocese of Leeds for a Faculty to
pemiit these works. Planning permission was also obtained from the local authority.
Many thanks
We are thankful for everyone who contributes to the community of St Margaret's - everyone who
volunteers in a large or small way, and everyone who participates in the spiritual life of St Margaret's
through participation in public worship.
We continue to be grateful to our Parish Administrator Vickie Kemp and our caretaker Alan Raw for
everything that they do at St Maryaret's. We are grateful to clergy who preached and celebrated the
Eucharist during the year.. Fr Kenneth Crawford, Fr David Hope, Rev Isobel Rathbone and the late Fr
Andrew Wagstaff,. also our Readers Catherine Gibson and Catherine Beaumont. We are very
fortunate to have Fr Alex as our Vicar, for his leadership and for setting the tone of inspirational
worship.
Financial Review
From a financial perspective, 2024 has been a much less evenfful period than 2023 which included
the fire in church at the beginning of the year and the subsequent settlement of our insurance claim.
During 2024 we have been planning the work in the church and churchyard which is described above.
In the meantime, we have sought to maximise the retum on the cash we hold by investing that money
in the CBF Church of England Deposit Fund (see pages 14 to 15).
Three legacies were received from the estates of people who worshipped at st Margarefs. We are
deeply grateful for these legacies.
During the year £72,000 was paid to the DI0￿Se of Leeds in respect of Parish Share (2023: £70,000):
the full amount requested by the Diocese was £95,380.
We are grateful to our book-keeper for all her hard work throughout the year, and to our Independent
Examiner John McGhee. Our current treasurer is also grateful to the members of our finan
committee for their help and guidance during the year.

Reserves policy
The target is to have a reserve available in the General Unrestricted fund of approximatety th￿e
months, regular expenditure (excluding Parish Share expenditure). This translates to approximately
£25,000. The cash balance of the General Unrestricted fund at 31 December 2024 was £31,619.
Stswardship
Vve continue to offer a broad spectrum of giving methods to our congregation and visitors. Standing
orders are our mainstay but card donations and the Parish Giving Scheme (PGS) have increased in
popularity. PGS allows people to donate by direct debit, administers any associated Gift Aid claim
and also provides the option for an annual increase linked to the inflation rate.
We currently have 107 regular donors, of whom 640/0 participate in our Restricted Share Scheme
which helps us to pay as much of our Parish Share as possible. Over the course of the year, three
new donors became regular givers although we had six leavers (deaths, moves etc). Unfortunately,
the loss of some much-loved members of the congregation and changes in the financial
ircumstances of others have meant that, despite the continued generosity of our donors and a
particularly heart-warming response to our stewardship renew21 in November, giving declined by
£1.750 overall (annualised). This decline has been tempered somewhat by a number of generous
one-off donations and legacies.
We are particularly grateful to all donors for their financial commitment to St Margareys, and to Alison
Stretton for her care of our stewardship.
Approval of the Trustees, report
The Trustees, report was approved by the PCC on 3 April 2025.
Signed on behalf of the Parochial Church Council..
Helen Pilling
TrusteelPCC Mernber
10

Independent examiner's report to the Trustees of St Margaret's
Church, Ilkley
I report on the accounts of the Church for the year ended 31 December 2024 which are set out on
pages 12 to 20.
Respectivo responsibilities of PCC members and Examiner
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit
is not required for this year under section 144(2) of the Charities Act 2011 (the "2011 Act") and that an
independent examination is needed.
It is my responsibility to..
Examine the accounts (under section 145 of the 2011 Act).,
Follow the procedures laid down in the General Directions given by the Charity
Commissioners (under section 145{5)(b) of the 2011 Act); and
stste whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordan￿ wth the general Directions given by the Charty
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
conceming any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit and consequently no opinion is given as to whether the accounts present a
"true and fairview" and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination..
which give me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the 2011 Act., and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act
have not been met", or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
John McGhee
I i April 2025
11

The Parochial Church Council of St Margaret's Church, Ilkley
Receipts and Payments Account for the year ended 31 December 2024
2024
Unrestricted
funds
2024
2024
Restricted Endowment
funds
funds
2024
Total
funds
2023
Total
funds
Receipts
Regular giving
60,567
32,450
93.017
88,863
Irregular giving
5,626
892
6,518
5,196
Gift aid recovered
14,591
8,742
23,335
22,665
Donations
8,262
7,219
15,481
92,136
Legacies
12,324
12,324
20,000
Fees for services
5,659
5,659
4,435
Church lettings
2,955
2,955
2,518
Hall lettings
31,915
31,915
32,378
Investrnent income
8,167
4,406
836
13,409
3,617
Fundraising events
4,313
4,313
2,955
Insuran￿ claim
136,270
other income
400
Total Income
150,069
58,023
836
208,930
411,433
12

Notes
2024
Unrestricted
funds
2024
2024
Restricted End¢)wment
ftjnds
funds
2024
Total
funds
2023
Totsl
funds
Payments
Parish Share
30,500
41,500
72,000
70,000
Salaries and related
costs
17
43,834
43,834
42,707
Gaslelectricitylwater
15,561
3,028
18,589
19,078
Insurance
6,916
6,916
6,782
Church maintenance
(41
21,464
1,901
23,365
35,691
Hall maintenance
9,922
68
9.990
8,330
Churchlhall supplies
3,813
3,813
3,195
Office expenses,
printing and copying
4,713
4,713
4,345
Flowers
(21
1,508
1,508
1,313
Choir and music
151
821
2,272
3,093
1,595
Donations to charities
1,915
4,150
6,065
4,708
Support payments
12)
1.550
1.550
1,550
Fundraising event
costs
1,755
1,755
1,603
Clergy expenses
515
515
549
Other payments
16)
4,079
180
4,259
6,503
Total payments
144.063
56,362
1,550
201,975
207,949
Ex￿sS of receipts
over payments
6,006
1,661
(714)
6,955
Transfers between
funds
Net movements in
funds after transfers
6,006
1.661
(714)
6,955
Cash at 31
December 2023
cash
hand
157,722
96,668
5,118
259,508
Cash at 31
December 2024
Exe
£*Sh in
hand
163,730
98,326
4,405
266,461
13

The Parochial Church Council of St Margaret's Church, Ilkley
statsment of Assets and Liabilities as at 31 December 2024
Fixed Assets
St 141argaret's Parish Hall, which adjoins the church building, was constructed in 2005 at a cost which
has been shown in previous accounts as £593,517.
CBF Church of England Investment Fund
The PCC holds shares in the CBF Church of England Investment Fund Ilncome Shares} in respect of
the Discretionary Fund (Endowment) and the Demaine Fund. The purposes of these funds are set
out in the Appendix.
The mid market values of the shares as at 31 December 2024 (compared with 31 De￿mber 2023)
are set out in the following table..
CBF Church of England
Investment Fund
Market value as at
31 De￿rnber 2024
Market value as at
31 De￿rnber 2023
Fund
Discretionary Fund (Endowment)
30,822
30,133
Demaine Fund
61,190
59,821
Total
92,012
89,954
CBF Church of England Deposit Fund
The PCC holds cash deposits in the CBF Church of England Deposit Fund in four separate accounts,
as follows..
composite account, which is a general account containing both restricted and unrestricted
monies
account containing the assets of the General Legacies Fund (a designated fund)
account containing the assets of the Fire Damage Fund (a designated fund)
account containing the assets of the Rathbone Organ Restoration Fund (a restricted fund: the
purpose of this fund is included in the Appendix)
The values of the accounts as at 31 De￿rnber 2024 (compared with 31 December 2023} are set out
in the following table:
14

CBF Church of England
Deposit Fund
Value as at
31 December 2024
Value as at
31 De￿mber 2023
Account
Composite account
49,108
37,639
General Legacies Fund
33,344
20,375
Fire Damage Fund
97,766
107,730
Ralhbone Organ Restoration Fund
73,482
70,000
Total
253,700
235,744
Cash at bank and In hand
The PCC held the following cash balances at 31 De￿mber 2024 (compared WFth 31 December
2023):
Value as at
31 December 2024
Value as at
31 December 2023
Barclays current account
12,761
23,764
Cash in hand
163
245
Total
12.924
24,009
Money owed to the PCC
The following amounts were owed to the PCC as at 31 December 2024..
Churchlhall hire
176
Unbanked cheques (donations)
2,550
Total
2,726
Liabilities
There were no amounts due for payment in respect of invoices outstanding as at 31 December 2024.
Some of the monies held in the Chrtstmas Tree Festivals, Christmas Appeals, Children's Society and
JJ Nshumi College restricted funds were to be paid over to relevant charities but the figures for
payment were to be calculated in 2025 once all January transactions had been accounted for.
15

Approval of the accounts
The accounts were approved by the PCC on 3 April 2025.
Philip Tooke
Treasurer
16

The Parochial Church Council of St Margaret's Church, Ilkley
Notes to the accounts for the year ended 31 December 2024
These notes form part of the Receipts and Payments Account and the Statement of Assets and
Liabilities.
Accountlng pollcles
1.1 Basis of accountlng
The PCC has taken advantage of section 133 of the Charities Act 2011 and has prepared the
accounts on a receipts and payments basis.
The accounts for the previous year, ended on 31 December 2023, had to be prepared in accordance
with the Statement of Recommended Practice (SORP) applicable to charities, because the charity's
gross income for that year exceeded £250,000 and therefore section 133 of the Charities Act 2011 did
not apply. The PCC has decided that the re￿iptS and payments basis permitted under section 133 is
to be reinstated for 2024 and subsequent years.
1.2 Consecrated property
Consecrated and benefice propety of any kind is excluded in accordance with section 10(2) of the
Charities Act 2011.
1.3 Taxation
As a charity the PCC benefits from rates relief and is generally exempt from income tax and capital
gains tax, but not from VAT. Irrecoverable VAT is included in the cost of the expenditure to which Ft
relates.
1.4 Fund accounting
Unrestricted funds are available for use at the discretion of the PCC in furtherance of the general
objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donors or through
the temis of an appeal. There is one endowment fund, the capital of which has to be retained but the
income may be spent in accordance with the terms of the fund.
An explanation of the nature and purpose of each endowment and restricted fund is shown in the
Appendix to these accounts.
1.5 Rounding
All figures are shown to the nearest whole number of pounds. This may result in small discrepancies
in totals, where total figures reflect the sum of unrounded figures.
17

Restrfcted and endowment funds
The following table shows the values of the restricted funds and the endowment fund at the start and
end of the year. This table deals only with the assets and income of the restricted funds and
endowment fund that are held within the PCC'S general cash assets. In addition the Discretionary
Fund (endowment) and the Demaine Fund hold shares in the CBF Church of England Investment
Fund, and the Rathbone Organ Restoration Fund has a separate account within the CBF Church of
England Deposit Fund, the values of which are shown in the Statement of Assets and Liabilities.
Name of fund
1 Jan 2024
Incoming
Outgoing
Transfers
31 Dec 2024
Discretionary
(Endowment)
5,118
836
1,550
4,405
Demaine
19
1.660
551
1,128
Development
190
68
122
Diocesan Share
4,182
41,224
41,500
3,907
GaslElectricity
472
1,565
3.028
1,116
125
Choir
9.330
1,155
1,072
9,414
Junior Choir
6,200
900
5,300
Organ (maintenance)
1,830
1,830
Rathbone Organ
Restoration
70,000
1,050
0,915
135
Flower
1,288
912
1,508
692
Harvest Appeal
1,567
1,567
Christmas Appeal
1,321
1.568
1,485
(567}
836
Christmas Tree Festivals
2,058
4,329
2,852
(548}
2,987
Children's Society
(32)
71
38
J J Nshumi
160
160
Total
101,786
56,287
128,826
29,249
The payments from the Rathbone Organ Restoration Fund were made to that fund's separate
account within the CBF Church of England Deposit Fund, the value of which is shown in the
ststement of Assets and Liabilities.
For simplicity. the values shown above of the restricted funds and the endowment fund have not been
credited with interest received from the PCC'S composite account in the CBF Church of England
Deposit Fund.. neither have they been debited for administrative costs. The Rathbone Organ
Restoration Fund accrues interest under its separate account in the CBF Church of England Deposit
Fund.
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Unrestrlcted funds (Includlng deslgnated funds)
The main fvnd used for day to day receipts and payments is the general unrestricted fund. There are
also four designated funds in existence in 2024, namely the Mission Fund, the General Legacies
Fund, the Fire Damage Fund and the Playtime Fund..
The Mission Fund provides donations to other charities and good causes.
The PCC resolved at a meeting on 22 November 2022 that unrestricted legacies received
after that date would be placed in the General Legacies Fund, which would be used to fund
specific projects at st Margaret's, rather than being pla￿d in general funds for day to day
expenditure.
The Fire Damage Fund derives from the settlement payment received from Ecclesiastical
Insuran￿ following the fire in the church on 9 January 2023. The PCC resolved at a meeting
on 28 September 2023 that the Damage Fund is to be used to fund specific projects at St
Margaret's, rather than being placed in general funds for day to day expenditure.
The PCC resolved at a meeting on 21 March 2024 to establish a designated fund in respect
of Play*'me.
The following table shows the values of the designated funds at the start and end of the year. This
tsble deals only with the assets and transactions that are within the PCC'S general cash accounts. In
addition the General Legacies Fund and the Fire Damage Fund have separate accounts within the
CBF Church of England Deposit Fund, the values of which are shown in the Statement of Assets and
Liabilities.
Name of fund
1 Jan 2024
Incoming
Outgoing
Transfers
31 Dec 2024
Mission
1,231
1,307
1,914
624
General Legacies
14,314
14,314
Fire Damage
14,663
14,663
Playtime
940
'(400}
540
Total
1,231
31,224
30,891
(400}
1,164
The transfer of £400 was made from the Playtime Fund to the general unrestricted fund.
The following table shows the value of the general unrestricted fund as at 31 De￿rnber 2024
(compared with 31 December 2023):
19

Value as at
31 De￿rnber 2024
Value as at
31 De￿rnber 2023
CBF Church of England Deposit
Fund: Composite account
49,108
37,639
Barclays current account
12,761
23,764
Cash in hand
163
245
Total cash
62.032
61,648
Less: restricted and endowment
funds
(29,249)
'(31,786)
Less: designated funds
{1,164)
(1.231)
Value of general unrestricted fund
31,619
28,631
Excluding Rathbone Organ Restoration Fund.
Church malntenance
The cost of church maintenance in 2024 includes the cost of cleaning the west window of the church,
as well as a payment to the church architect for the design of a new lighting scheme for the church
which is to be implemented in 2025. Both of these items have been funded from the Fire Damage
Fund.
Church maintenance includes the costs of maintaining the churchyard as well as the church building.
Cholr and muslc
The payments ￿lating to the choir and music include the junior choir and the fees paid to relief
organists.
other payments
Other payments include fellowship refreshments. copyright and other licences., bank charges and
sofbNare costs.
Employees
The charity had four employees throughout the year. No employee was paid more than £60,000.
Transactions with related parties
No PCC members received any remuneration or benefit from the charity during the year.
20

APPENDIX
Ternis of endowmont and restrlcted funds
This description of the endowment and restricted funds was approved by the PCC on 29 September
2022. It has been edited since then to include the Rathbone Organ Restoration Fund which was
established in 2023.
Endovmient fund
Dlscrelionary Fund
The Discrelionary Fund is operated as a merged version of the Poor Fund and the Schofield Fund.
Mr H W Schofield died in 1933 and left part of his estate for the benefit of St Margaret's Poor Fund.
No documents are available in relation to the Poor Fund, which was presumably in existence before
1933.
It has been generally accepted that, in line with the tenns of Mr Schofield's will. only the income from
the Discretionary Fund may be spent, and the capital must be preserved. It is understood Ihat the
income is to be applied for the benefit of needy members of Ihe congregation or parish of St
Margaret's or in the town of Ilkley: the recipients are selected by the Vicar and Churchwardens.
The assets of the Discretionary Fund are invested in the CBF Church of England Investment Fund,
held by the Leeds Diocesan Board of Finance as custodian trustee. Income produced from the CBF
Church of England Investment Fund is held as part of the Discretionary Fund within St Margaret's
cash resources.
Demaine Fund
The Demaine Fund derives from the estste of Mrs D M Demaine, who died in 1997 and under her will
left part of her estate to St Margaret's'to be applied for the maintenance and repair of the said
Church.. We interpret this wording as meaning the Church including its fittings, but excluding the
Parish Hall and the churchyard. There are no restrictions on the spending of capital.
The assets of the Demaine Fund are invested in the CBF Church of England Investment Fund.
Income produced from the CBF Church of England Investment Fund is held as part of the Demaine
Fund within St Margaret's cash resources.
Otherfunds
Note.. when they have ass8tS, 811 of the restricted funds described kn ar8 held in cash as part of St
Margaret's cash resources. St Margaret's cash is held in the CBF Church of England Deposit Fund
and with Barclays.
Development Fund
The Development Fund is applied only to repair, maintsin. renew and add to the fabric and furniture of
the Church. churchyard and Parish Hall.
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Diocesan Share Fund
The Di0￿san Share Fund is applied only in the payment to the Diocese of Leeds of St Margaret's
Parish Share.
GaslElectricty Fund
The GaslElectricity Fund is applied only to pay for gas and electricity used for the Church and the
Parish Hall.
Cholr Fund
The Choir Fund is applied only for music and equipment for the choir and related expenses, and to
meet costs relating to choir events.
Junior Choir Fund
The Junior Choir Fund is applied only for music and equipment for any junior choir and related
expenses, to meet costs relating to choirljunior choir events, and in the payment of scholarships to
choral scholars.
Organ Fund (malntenance
The Organ Fund is applied only to maintain, repair or renovate the organ at St Margareys.
Rathbone Organ Restoration Fund
The Rathbone Organ Restoration Fund was established by Christopher and Rev Isobel Rathbone in
2023. The Fund can only be used to pay some or all of the costs of renovation (not routine tuning or
maintenance) of the organ situated in St Margaret's Church, at a time when such renovation is
required.
Flower Fund
The Flower Fund is applied only to provide flowers and other decorations for the Church and Parish
Hall.
Harvest Appeal Fund
The Harvest Appeal Fund is applied only to benefit the charities or causes selected by the PCC in
connection with our annual Harvest Appeal.
Christmas Appeal Fund
The Christmas Appeal Fund is applied only to benefit the charities or causes selected by the PCC in
connection with our annual Christmas Appeal.
22

Christmas Tree Festivals Fund
The Christmas Tree Festivals Fund is applied only to meet the costs of operating Christmas Tree
festivals in Ilkley which are open to the public, and to benefit the charities or causes selected by the
PCC in connects'on with such festivals.
Children'8 Society Fund
The Children's Society Fund is applied only to benefit the Children's Society.
JJ Nshumi College Fund
The JJ Nshumi College Fund is applied only to benefit JJ Community Transformation in Uganda.
Appeals- DEC Appeals Fund
The Appeals - DEC Appeals Fund is applied only to benefit appeal funds launched by the Disasters
Emergency Committee.
Christian Aid Fund
The Christian Aid Fund is applied only to benefit Christian Aid.
Diocesan Link Fund
The Di0￿san Link Fund is applied only to benefit any diocese linked with the DI0￿se of Leeds.
Mirfield Fund
The Mirfield Fund is applied only to benefit the Community of the Resurrection at Mirfield.
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