REGISTERED CHARITY NUMBER: 1131295
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY, BEVERLEY
Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024
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Report of the Trustees |
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Independent Examiner's Report |
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6 |
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Statement of Financial Activities |
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7 |
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Balance Sheet |
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8 |
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Cash Flow Statement |
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9 |
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Notes to the Cash Flow Statement |
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10 |
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Notes to the Financial Statements |
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21 |
Detailed Statement of Financial Activities |
22 |
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23 |
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
REPORT OF THE TRUSTEES for the Year Ended 31 December 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsin accordancewiththeFinancialReportingStandardapplicablein theUK andRepublicof Ireland(FRS 102)
(effective 1 January 2019).
TheParochialChurchCounciloftheEcclesiasticalParishChurchofStMary,Beverleyisacharityregisteredwiththe Charity
Commission.
It is also known by the name of 'St Mary's PCC'.
St Mary's Church, North Bar Within, Beverley, is part of the Diocese of York within the Church of England.
OBJECTIVES AND ACTIVITIES
Objectives and Activities
StMary'sPCChastheresponsibilityofco-operatingwiththeincumbent,in promotingin theecclesiasticalparishthewhole mission
oftheChurch,pastoral,evangelistic,socialandecumenical.ItalsohasmaintenanceresponsibilitiesfortheChurchandParish Hall
of St Mary's, Beverley.
Public benefit
AlltrusteesaremadeawareoftheguidanceissuedbytheCharityCommissiononPublicBenefit.Trusteeshaveregardto this
guidance in carrying out their work in furtherance of the charity's objectives.
-1-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024
ACHIEVEMENT AND PERFORMANCE
Church attendance
At present there are 268 members on the church electoral role.
The usual Sunday attendance was 228 and the average weekly attendance in October was 303.
2023startedwithtwoReaders- SteveParkinandJohnEdmond,whowerejoinedbytwonewreadersGillGregoryandJo Boulter
who are a great addition to the team.
Review of the year
Duringtheyearof2024therewere9fullPCCmeetingsplustheAPCMinMay.Ateachmeetingtherewasareportfrom the
Treasureronfinancialactivities,asafeguardingreport,afocusonmissionandoutreach,alongsideareportonthebuildings and
churchyard where necessary.
ThePCCcontinuestoofferawiderangeofservicesandactivitiesforthecongregationandthewidercommunitytofulfil both
spiritualandcommunityneeds.Servicesrangefromthemoretraditional0930and1830SundayworshipandtheThursday morning
service,tothecontemporary1115Sundayservice.AdditionalservicesincluderegularCelticprayersonaSaturdayevening, Healing
Services held mid-afternoon on a Sunday and the Sunday evening contemporary Praise Service.
ThetraditionalserviceswereofferedatEaster(attendanceof419)andChristmas(attendanceof2,382onChristmasEve and
Christmas Day).
Theendoftheyearsawtheimmersivetheatreperformanceof'TheLion,TheUnicornandMe'performed32overthe two
Christmasweeksasamissionandoutreachopportunity.Thiswasexceptionallywellattendedbypeopleofallages (6,735
attendees)
Musiccontinuestobeacentralelementtothechurchanditsworship,withthemoretraditionalservicesbeingsupportedby our
amazingchoirandthe1115servicebyourwonderfulmodernbandofworship.Musichasalsobeencelebratedwith numerous
'secular' and 'sacred' concerts, and it is a particular joy to welcome The New Paths team.
StMary'swasabletoofferbaptism,marriage,andfuneralservicesforourparishionersin2024,totalling32baptisms,9 weddings
and42funerals.Thenumberofweddingshasfallenquitedrasticallysowewillconsiderhowtoaddressthisin2025.Such services
maintainourstronglinkswithoursurroundingcommunityandenablethemtocelebratelifeeventsandhonourthepassing of
loved ones.
StMary'sworkswiththeDioceseinprovidingsafeguardingtrainingforourvolunteersandemployees.Asafeguardingpolicy was
receivedandacceptedbythePCC.SafeguardingwasdiscussedateveryPCCmeetingandasignificantamountofworkhas been
donetoensureweareuptodatewithlegalanddioceserequirements.Inaddition,representativesofthePCCsitonthe Deanery
Synod, providing an essential link to the diocese for St Mary's.
EvangelismandmissionforchildrenandyoungpeoplewasacentralthemeforthePCCthisyear.Muchworkhasbeen done
throughouttheyearbyBethandHelenainvolving:StMary'sSchool,ChurchladsandChurchGirlsBrigade, Livewires,
Brightsparks,PowerSurgeandBubbleChurch.Pleaseseeappropriatereportsfordetails.Holidayclubsforchildrenwere provided
within the main holiday periods.
FurthermissiontookplacewiththedecisiontoappointaPastoralWorkeronaparttimebasistofocusonadultand older
membersofthecongregation.Carolynwasappointedandawhirlwindofenergyandactivityfollowed,withStMary's offering
'Vintage Ministry' including monthly meals for older folk, garden pilgrimage, trips and mountains of pastoral support.
DiscipleshipGroupscontinuestrongly,withworship,studyandfellowshipbeingprovidedacrossthetownandbeyond,ona weekly
basis.Thisprogrammehasbeenaddedtobythemedsessions,linkedtoDiscipleshipGroups,bringingthechurchtogether in
deeper study.
-2-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024
Inaddition,therehavebeenmultiplesocialeventsandteaparties,frombowlingwithMenMeettocoffeewithLadies Meet,
Women'sFellowship,WelcomeTeas,meals,outingsandparishwalkswehaveprovidedlotsofopportunitiesforpeopleto create
strong friendships.
BuildingandrestorationagaintookcentrestageatStMary's.Sixpewswereremovedinpreparationfortheneworgan,after much
planninganddeliberation.WorkforrewiringandplacingoftheneworganbeganinNovemberandthenewinstrument was
installed in time for Easter 2024.
PlanningalsotookplacethisyearforthenewWestDoors.Thiswill entailglassdoorsbeingerectedoutwiththecurrentdoors, to
welcomepeopleintothechurchandencouragemorepeopletoworshipwithus.Workandplanningtookplacethroughout the
year, with installation due to be completed in May 2025.
Throughouttheyearthechurchcontinuedto workwithsocialmedia,witha presenceonFacebook,X andInstagramalongside the
mainwebsite.EacheveningonFacebook,weofferprayers,byamemberofthecongregationandaweeklyserviceisbroadcast for
those unable to attend services in person.
Deanery Synod
RepresentativesofthePCCsitontheDeanerySynod,providinganessentiallinktothedioceseforStMary's.Thisyear the
Deanery Plan was launched and St Mary's is playing its part in supporting the wider vision of the church.
Safeguarding
StMary'sworkswiththeDioceseinprovidingsafeguardingtrainingforourvolunteersandemployees.Asafeguardingpolicy was
receivedandacceptedbythePCC.RegularupdatesonthismatterareheldatPCCmeetings.Coordinatedbyour safeguarding
lead, Gill.
The Church Hall
Thechurchhallcontinuestoofferaspaceforchurchservices,childrenandyoungpeople'sgroupsandcommunity activities.
Activities range from coffee and cake, toddlers, music, craft, and women's fellowship.
In addition, 15 community groups now regularly (weekly / monthly) rent the hall with a significant number of one-off bookings.
-3-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
REPORT OF THE TRUSTEES for the Year Ended 31 December 2024
FINANCIAL REVIEW
Financial position
TheoverallresultfortheGeneralUnrestrictedfund,beforetakingintoaccountunrealisedinvestmentgains,wasagain of
£166,032. Total receipts were £411,949 a decrease of £16,603 on the previous year of £428,552.
Totalexpenditurefortheunrestrictedfundwas£245,917soanincreaseof£30,905on2023expenditureof£215,012. Our
centralheatingboilerfailedandanewonewaspurchasedwithpartofthecostof£24,000beingin2024,theremainderof circa
£18,000 to be paid in 2025.
The Parish Freewill Offering of £73,500 was paid in full to the Diocese.
TheGeneralFundBalanceasat31stDecember2024increasedby£180,111to£955,129aswereceivedlegaciesof£152,820 into
theGeneralFundand£10,625forrentalontheLairgateproperty.Theselegaciesweretransferredsothatthevaluationof our
investments increased.
TotalIncomethroughoutallthePCCFundswas£572,934andexpenditurewas£397,848asurplusof£175,086.The Restoration
fundreceivedalegacyof£20,000.WereceivedGrantsfromERYC,andtwosmallergrantsfromothersources,forthe garden
project. ELtH (Enhancing Life through Heritage) was started which involves working with the local college.
ThebalanceofallPCCFundsat31stDecember2024stoodat£3,044,573anincreaseof£254,852onthepreviousyear.For all
the reasons mentioned earlier.
Reserves policy
ItisPCCpolicytomaintainabalanceontheunrestrictedfund,investedorondeposit,toprovideinterestincometothe General
Fundascurrentincomefromallothersourcesdoesnotmeettheexpenditurerequiredtopayforthegeneralrunningof the
church.
ItisPCCpolicytomaintainabalanceintheRestorationFund,OrganFund,TowerBellFundandtheParishHallManagement Fund
to pay for essential work on the maintenance of the fabric of the Church, Organ, Tower Bells and Parish Hall respectively.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharity,whichisanunincorporatedbody,iscontrolledbyitsgoverningdocument,whichistheParochialChurch Council
Powers Measure (1956), as amended and Church Representation Rules.
Recruitment and appointment of new trustees
ThemethodofappointmentofPCCmembersissetoutintheChurchRepresentationRules.AllChurchattendees are
encouraged to register on the Electoral Roll and stand for election to the PCC.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1131295
Principal address
St Mary's Church
North Bar Within
Beverley
East Yorkshire
HU17
-4-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
REPORT OF THE TRUSTEES for the Year Ended 31 December 2024
Trustees
PCC members who have served from 1st January 2024 until the date this report was approved are:
Incumbent: |
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The Revd Rebecca Alison Lumley (Chairman) |
The Revd Rebecca Alison Lumley (Chairman) |
Readers: |
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Stephen Parkin, John Edmond, Gill Gregory and Jo Boulter |
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Wardens: |
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Ruth Stebbens, Ian Jackson, Jill Edmond, and Keith Gilson |
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Deanery Synod Members: |
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Joanne Boulter and Gill Gregory |
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Elected Members: |
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Alex Kirby |
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Alice Lee |
Graham White |
Richard Mattock |
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Simon Pike |
Martin Frankland |
Anne Crossley |
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Allan Ball |
James Haggart |
Ashley Brooks |
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Carolyn Kirk |
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Beverley Lawrence |
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Jane Jackson |
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Treasurer: |
Anne Mansfield |
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Secretary: |
Janet Osgerby |
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Independent Examiner |
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Patrick Scargill |
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Sowerby |
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Chartered Accountants |
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Beckside Court |
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Annie Reed Road |
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Beverley |
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East Yorkshire |
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HU17 0LF |
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Address for Correspondence
St Mary's Vicarage
15 Molescroft Road
Beverley
East Yorkshire
HU17 7DX
.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...............................................................................................
Rev. R A Lumley - Trustee
-5-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of St Mary, Beverley
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheParochialChurchCounciloftheEcclesiasticalParish of
St Mary, Beverley (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththe requirements
of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatI am
qualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountantsinEnglandand Wales,
which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Patrick Scargill
Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF
Date: .............................................
-6-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Church Activities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Church Activities
Total
Net gains on investments
NET INCOME
Transfers between funds
15
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD |
Unrestricted
fund
£
321,454
10,029
45,526
34,940
411,949
26,731
219,186
245,917
14,078
180,110
-
180,110
775,017
955,127 |
Restricted
funds
£
114,981
-
18,724
27,280
160,985
1,991
149,940
151,931
26,839
35,893
82,663
118,556
1,435,555
1,554,111 |
Endowment
funds
£
-
-
-
-
-
-
-
-
38,849
38,849
(82,663)
(43,814)
579,149
535,335 |
2024
Total
funds
£
436,435
10,029
64,250
62,220
572,934
28,722
369,126
397,848
79,766
254,852
-
254,852
2,789,721
3,044,573 |
2023
Total
funds
£
654,842
11,562
53,726
53,023 |
|
|
|
|
|
773,153 |
|
|
|
|
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18,198
286,918 |
|
|
|
|
|
305,116 |
|
|
|
|
|
180,268 |
|
|
|
|
|
648,305
- |
|
|
|
|
|
648,305
2,141,416 |
|
|
|
|
|
2,789,721 |
The notes form part of these financial statements
-7-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
BALANCE SHEET 31 December 2024
Notes
FIXED ASSETS
Investments
11
CURRENT ASSETS
Stocks
12
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS |
Unrestricted
fund
£
830,963
1,484
9,935
132,788
144,207
(20,043)
124,164
955,127
955,127 |
Restricted
funds
£
1,354,544
-
17,629
187,969
205,598
(6,031)
199,567
1,554,111
1,554,111 |
Endowment
funds
£
535,335
-
-
-
-
-
-
535,335
535,335 |
2024
Total
funds
£
2,720,842
1,484
27,564
320,757
349,805
(26,074)
323,731
3,044,573
3,044,573
955,127
1,554,111
535,335
3,044,573 |
2023
Total
funds
£
2,391,598
1,148
35,058
395,981
432,187
(34,064)
398,123
2,789,721
2,789,721
775,017
1,435,555
579,149
2,789,721 |
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ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were
signed on its behalf by:
.............................................
Rev. R A Lumley - Trustee
The notes form part of these financial statements
-8-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
CASH FLOW STATEMENT for the Year Ended 31 December 2024
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Dividends received
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period |
2024
£
112,034
112,034
(300,000)
50,522
62,220
(187,258)
(75,224)
395,981
320,757 |
2023
£
414,887
414,887
(400,000)
-
53,023
(346,977)
67,910
328,071
395,981 |
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|
|
The notes form part of these financial statements
-9-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 December 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Gain on investments
Dividends received
Increase in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations |
2024
£
254,852
(79,766)
(62,220)
(336)
7,494
(7,990)
112,034 |
2023
£
648,305
(180,268)
(53,023)
(237)
(19,727)
19,837 |
|
|
414,887 |
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/1/24
Cash flow
At
£
£
Net cash
Cash at bank
395,981
(75,224)
395,981
(75,224)
Total
395,981
(75,224) |
31/12/24
£
320,757 |
|
320,757 |
|
320,757 |
The notes form part of these financial statements
-10-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
withtheCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof RecommendedPractice applicable
tocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKand Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
underthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue,asmodified by
the revaluation of certain assets.
Thefinancialstatementsincludealltransactions,assetsandliabilitiesforwhichthePCCisresponsibleinlaw.Theydo not
includetheaccountsofchurchgroupsthatowetheirmainaffiliationtoanotherbodynorthosethatare informal
gatherings of Church members.
ThisisthefirstyearforwhichthefinancialstatementshavebeenpreparedinaccordancewithFRS102.Thedate of
transition was 1 January 2017. There was no effect on the charity's net assets at that date.
The financial statements also comply with the Church Accounting Regulations 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
Havingregardtoliquidityrisk,currentmarketconditionsandotherfactorsaffectingthecharity,theuseofthe going
concernbasisofaccountingisappropriateas,intheopinionofthetrustees,therearenomaterialuncertaintiesrelated to
events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itis probable
that the income will be received and the amount can be measured reliably.
In more detail:
Planned giving, collections and donations are recognised when received.
Tax refunds are recognised when the incoming resource to which they related is received.
Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due.
Dividends are accounted for when receivable; interest is accrued.
All other income is recognised when it is receivable.
All incoming resources are accounted for gross.
Resources expended
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligation can be measured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelated to
thecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitieson a
basis consistent with the use of resources.
In more detail:
continued...
-11-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES - continued
Resources expended
Grantsanddonationsareaccountedforwhenpaidover,orwhenawarded,ifthatawardcreatesabindingor constructive
obligation on the PCC.
The diocesan parish share is accounted for when due.
Amounts received specifically for mission are dealt with as restricted funds.
All other expenditure is generally recognised when it is incurred and is accounted for gross.
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteandslow moving
items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundsrepresenta)incomefromtrustsorendowmentswhichmaybeexpendedonlyonthoserestricted objects
providedinthetermsofthetrustorbequest,andb)donationsorgrantsreceivedforaspecificobjectorinvitedby the
PCCforaspecificobject.Thefundsmayonlybeexpendedonthespecificobjectforwhichtheyweregiven.Any balance
remainingunspentattheendoftheyearmustbecarriedforwardasthebalanceofthatfund.ThePCCdoesnot usually
investseparatelyforeachfund.Wherethereisnospecificinvestment,interestisapportionedtoindividualfundson an
average balance basis.
Endowmentfundsarefunds,thecapitalofwhichmustbemaintained;onlyincomearisingfrominvestmentof the
endowmentmaybeusedeitherasrestrictedorunrestrictedfunds,dependingonthepurposeforwhichthe endowment
was established.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed assets
Consecrated or benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993.
MoveablechurchfurnishingsheldbytheVicarandChurchwardenson specialtrustforthePCC andwhichrequirea faculty
fordisposalareinalienableproperty,listedinthechurchinventory,whichcanbeinspected(atanyreasonabletime). For
anythingacquiredpriorto2000thereisinsufficientcostinformationavailableandthereforesuchassetsarenotvalued in
the financial statements.
Items of Church equipment are written off in the year in which they are purchased.
Fixed Asset Investments
Investments are valued at market value at 31st December 2024.
continued...
-12-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024
2. DONATIONS AND LEGACIES
Planned Giving - Gift Aid Dona tion
Gift aid
Legacies
Grants and insurance claims
Plate collections
Donations, appeals etc
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Fundraising
Church & Parish Hall letting
Bookstall
4.
INVESTMENT INCOME
Investment income |
|
2024
£
53,243
19,880
172,820
88,124
38,994
63,374
436,435
2024
£
88,124
2024
£
31,826
29,324
3,100
64,250
2024
£
62,220 |
|
2023
£
72,508
20,109
484,960
-
22,766
54,499 |
|
|
|
|
654,842 |
|
|
|
|
2023
£
- |
|
|
|
|
2023
£
22,382
27,763
3,581 |
|
|
|
|
53,726 |
|
|
|
|
2023
£
53,023 |
continued...
-13-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
5. INCOME FROM CHARITABLE ACTIVITIES
Activity
PCC Fees
Church Activities
6.
RAISING FUNDS
Other trading activities
Purchases
Fundraising expenses
7.
CHARITABLE ACTIVITIES COSTS
Church Activities
8.
SUPPORT COSTS
Church Activities |
Direct
Costs
£
363,960 |
2024
2023
£
£
10,029
11,562
2024
2023
£
£
1,437
1,446
27,285
16,752
28,722
18,198
Support
costs (see
note 8)
Totals
£
£
5,166
369,126
Governance
costs
£
5,166 |
|
|
|
9. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
continued...
-14-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Church Activities
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Church Activities
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
351,363
11,562
35,572
30,055
428,552
17,678
197,334
215,012
50,933
264,473
510,544
775,017 |
Restricted
funds
£
303,479
-
18,154
22,968
344,601
520
89,584
90,104
92,942
347,439
1,088,116
1,435,555 |
Endowment
funds
£
-
-
-
-
-
-
-
-
36,393
36,393
542,756
579,149 |
Total
funds
£
654,842
11,562
53,726
53,023 |
|
|
|
|
773,153 |
|
|
|
|
18,198
286,918 |
|
|
|
|
305,116 |
|
|
|
|
180,268 |
|
|
|
|
648,305
2,141,416 |
|
|
|
|
2,789,721 |
continued...
-15-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024
11. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2024
Additions
Disposals
Revaluations
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
Valuation in 2024
12.
STOCKS
Stocks
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Gift Aid recoverable |
|
2024
£
1,484
2024
£
23,835
3,729
27,564 |
Listed
investments
£
2,391,598
300,000
(50,522)
79,766
2,720,842
2,720,842
2,391,598
Listed
investments
£
2,720,842
2023
£
1,148
2023
£
32,389
2,669
35,058 |
Listed
investments
£
2,391,598
300,000
(50,522)
79,766
2,720,842
2,720,842
2,391,598
Listed
investments
£
2,720,842
2023
£
1,148
2023
£
32,389
2,669
35,058 |
|
|
|
|
|
|
|
|
|
|
continued...
-16-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restoration Fund
Organ Fund
Parish Hall
Tower Fund
Other Restricted Fund
Endowment funds
Restoration Fund
Organ Fund
Endowment Fund
TOTAL FUNDS |
At 1/1/24
£
775,017
1,292,205
53,242
51,567
24,268
14,273
1,435,555
199,954
84,123
295,072
579,149
2,789,721 |
Net
movement
in funds
£
180,110
60,881
(37,590)
7,002
2,263
3,337
35,893
26,469
6,629
5,751
38,849
254,852 |
2024
£
26,074
Transfers
between
funds
£
-
32,141
50,522
-
-
-
82,663
-
(38,866)
(43,797)
(82,663)
- |
2023
£
34,064
At
31/12/24
£
955,127
1,385,227
66,174
58,569
26,531
17,610 |
2023
£
34,064 |
|
|
|
|
1,554,111
226,423
51,886
257,026 |
|
|
|
|
|
535,335 |
|
|
|
|
|
3,044,573 |
|
15. MOVEMENT IN FUNDS
continued...
-17-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restoration Fund
Organ Fund
Parish Hall
Tower Fund
Other Restricted Fund
Endowment funds
Restoration Fund
Organ Fund
Endowment Fund
TOTAL FUNDS |
Incoming
Resources
resources
expended
£
£
411,949
(245,917)
126,914
(89,747)
5,257
(44,186)
19,505
(13,164)
1,744
(606)
7,565
(4,228)
160,985
(151,931)
-
-
-
-
-
-
-
-
572,934
(397,848) |
Gains and
Movement
losses
in funds
£
£
14,078
180,110
23,714
60,881
1,339
(37,590)
661
7,002
1,125
2,263
-
3,337
26,839
35,893
26,469
26,469
6,629
6,629
5,751
5,751
38,849
38,849
79,766
254,852 |
|
|
|
continued...
-18-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restoration Fund
Organ Fund
Parish Hall
Tower Fund
Other Restricted Fund
Endowment funds
Restoration Fund
Organ Fund
Endowment Fund
TOTAL FUNDS |
At 1/1/23
£
510,544
920,481
82,004
51,675
21,865
12,091
1,088,116
191,537
77,926
273,293
542,756
2,141,416 |
Net
movement
in funds
£
264,473
371,724
(28,762)
(108)
2,403
2,182
347,439
8,417
6,197
21,779
36,393
648,305 |
At
31/12/23
£
775,017
1,292,205
53,242
51,567
24,268
14,273 |
|
|
|
1,435,555
199,954
84,123
295,072 |
|
|
|
579,149 |
|
|
|
2,789,721 |
continued...
-19-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restoration Fund
Organ Fund
Parish Hall
Tower Fund
Other Restricted Fund
Endowment funds
Restoration Fund
Organ Fund
Endowment Fund
TOTAL FUNDS |
Incoming
Resources
resources
expended
£
£
428,552
(215,012)
316,420
(27,632)
4,551
(38,381)
18,902
(21,513)
1,557
(1,589)
3,171
(989)
344,601
(90,104)
-
-
-
-
-
-
-
-
773,153
(305,116) |
Gains and
Movement
losses
in funds
£
£
50,933
264,473
82,936
371,724
5,068
(28,762)
2,503
(108)
2,435
2,403
-
2,182
92,942
347,439
8,417
8,417
6,197
6,197
21,779
21,779
36,393
36,393
180,268
648,305 |
|
|
|
TherestrictedfundsarecomprisedoftheRestorationFund,theOrganFund,theTowerBellRingingFund,theHLF Fund
andtheParishHallManagementFund.Inaddition,therearerestrictedmoniesintheGeneralRestrictedFundrelating to
the Flower Fund, the Garden Fund and the Music Fund.
Endowment Funds are comprised of the following :
The Walker Bequest Endowment which holds 9,368.79 units in the CBF Investment Fund.
The Morley Bequest Endowment which holds 1,747 units in the CBF Investment Fund.
TheWalkerandMorleyBequestsareallocatedto theGeneralFundandtheinterestcanbeusedforthegeneralrunning of
the church.
Inaddition,thereareanumberofendowmentfundsthatareallocatedtotheRestorationFund.Thesecomprise of
3,254.149unitsintheCharishareCommonInvestmentFund,452.03unitsinCOIFCharitiesInvestment Funds
Accumulation Units and 3,266.89 units in the CBF Investment Fund
TheOrganFundhasanendowmentfundcomprisingofCompassshares,Prudentialshares,Vodafoneshares,United Utility
shares and CBF Investment Fund Units.
TheRestorationAppealraised£483includingtaxrecoveredfromgiftaiddonationsthisyear,makingatotalof£127,137 in
theappealfund.TheRestorationFundbalance,excludingendowmentfunds,increasedby£60,881.Thetotalofthefund is
now £1,385,227, including the Restoration Appeal money.
continued...
-20-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
TheOrganFundhadincomeof£5,257butreplacementoftheoldOrganbyadigitalorganatacostduring2024 of
£44,186,£38,929.TheOrganFundbalanceincreasedto£66,174,partlyduetothesaleofaninvestment.In addition
thereis£95,779intheEric,BielbyOrganEndowmentFund,anincreaseononlastyearbecauseofimprovedreturn on
this investment,
ParishHalllettingswere£17,789similarto£17,382in2023.ExpenditureontheHallwas£13,164,makingadeficit of
£108. The Hall balance has increased to £58,569.
The Tower Fund balance stands at £26,531.
Other Restricted Funds includes £8,647 in the Music Fund.There is also £446 remaining in the Defibrillator Fund.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
-21-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2024
INCOME AND ENDOWMENTS
Donations and legacies
Planned Giving - Gift Aid Dona tion
Gift aid
Legacies
Grants and insurance claims
Plate collections
Donations, appeals etc
Other trading activities
Fundraising
Church & Parish Hall letting
Bookstall
Investment income
Investment income
Charitable activities
PCC Fees
Total incoming resources
EXPENDITURE
Other trading activities
Bookstall
Fundraising expenses
Charitable activities
Mission & charitable giving
Parish share
Church upkeep
Working expenses of incumbent
Clergy assistants
Minor maintenance & repairs
Carried forward |
2024
£
53,243
19,880
172,820
88,124
38,994
63,374
436,435
31,826
29,324
3,100
64,250
62,220
10,029
572,934
1,437
27,285
28,722
3,653
73,500
46,899
21,345
8,241
10,979
164,617 |
2023
£
72,508
20,109
484,960
-
22,766
54,499 |
|
|
654,842
22,382
27,763
3,581 |
|
|
53,726
53,023
11,562 |
|
|
773,153
1,446
16,752 |
|
|
18,198
2,835
73,500
31,016
25,810
183
19,023
152,367 |
This page does not form part of the statutory financial statements
-22-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY,
BEVERLEY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2024
Charitable activities
Brought forward
Church services
Parish training, mission, educ ation
Major Church repairs
Major Parish Hall repairs
Honoraria eg choir, organists
Support costs
Governance costs
Accountancy and ind exam'n
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Realised gains/(losses) on investment property
Net income |
2024
£
164,617
2,248
13,505
157,615
13,101
12,874
363,960
5,166
397,848
175,086
78,923
843
254,852 |
2023
£
152,367
750
18,402
88,427
11,624
13,356 |
|
|
284,926
1,992 |
|
|
305,116 |
|
|
468,037
180,268
- |
|
|
648,305 |
This page does not form part of the statutory financial statements
-23-