```
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`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`5`|
|**`Independent Examiner's Report`**||`6`||
|**`Statement of Financial Activities`**||`7`||
|**`Balance Sheet`**||`8`||
|**`Cash Flow Statement`**||`9`||
|**`Notes to the Cash Flow Statement`**||`10`||
|**`Notes to the Financial Statements`**|`11`|`to`|`21`|
|**`Detailed Statement of Financial Activities`**|`22`|`to`|`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:`||`The Revd Rebecca Alison Lumley (Chairman)`|`The Revd Rebecca Alison Lumley (Chairman)`|
|---|---|---|---|
|`Readers:`||`Stephen Parkin, John Edmond, Gill Gregory and Jo Boulter`||
|`Wardens:`||`Ruth Stebbens, Ian Jackson, Jill Edmond, and Keith Gilson`||
|`Deanery Synod Members:`||`Joanne Boulter and Gill Gregory`||
|**`Elected Members`**`:`||||
|`Alex Kirby`||`Alice Lee`|`Graham White`|
|`Richard Mattock`||`Simon Pike`|`Martin Frankland`|
|`Anne Crossley`||`Allan Ball`|`James Haggart`|
|`Ashley Brooks`||`Carolyn Kirk`||
|`Beverley Lawrence`||`Jane Jackson`||
|**`Treasurer`**`:`|`Anne Mansfield`|||
|**`Secretary:`**|`Janet Osgerby`|||
|**`Independent Examiner`**||||
|`Patrick Scargill`||||
|`Sowerby`||||
|`Chartered Accountants`||||
|`Beckside Court`||||
|`Annie Reed Road`||||
|`Beverley`||||
|`East Yorkshire`||||
|`HU17 0LF`||||
## **`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`|
||||||`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`|
|---|---|---|---|---|---|
```
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`|
|---|---|---|
```
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-
```