St Mary Magdalene Church
Stoke Bishop
The Parochial Church Council
Presents its Unaudited Annual Report
And Financial Statements
For the year ended 31 December 2024
Charity commission 1131728

The Parochial Church Council of the Ecclesiastieal Parish of
St Mary Magdalene, Stoke Bishop
Annual report and Financial Statements
Year ended 31 December 2024
The Parochial Church Council present their report and th¢ unaudited financial statements for the year ended 31 December 2024.
The Financial Statements are in accordance with the Church Accounting Regulations 2006 and comply with the Charities Act
2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applÉcable in the UK and Republic of Ireland (fRS102).
Charitable Status
The Parochial Church Council (PCC) is a corporate body estsblished by the Church of England under the PCC Powers Measure.
The PCC was registered as a charity in 2009. charity number 1131728. The PCC members have complied with the duty in
section 17 of the Charities Act 201 I to have due regard to public benefit guidance published by the Commission.
Background
The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop (St Mary's PCC) h&8 the
responsibility of co-operating with the incumbenL the Reverend Jema Ball, in promoting in the ecclesiastical parish the whole
mission of the Church. pastoral, evangelistic, social and ecumenical (under the PCC (Powers) Measure 1956).
The Parochial Church Council (PCC)
The appointtnent of PCC members is governed by and set out in the Churches Representation rules. A list of PCC Members for
the year is set out on page 5. New members aTe provided with a detailed briefing pack explaining their responsibilities and
members attend occ&sional courses.
During the year the PCC has met bi-monthly. Meetings are preceded by a time of prayer, to which members of the congregation
are invited.
Officers of the Parochial Chyreh Council
Chair
Revercnd Jema Ball
Vice Chair
Caroline Jowett-Eve
Vice Chair
Andy Judd - until 12th May 2024
Vice Chair
Kate Pint"old - from 12th May 2024
Secretary
Sian Steel
Treasurer
Caroline Owen
Address
The Church Office, Mariners Drive, Stoke Bishop, Bristol, BS9 1 QJ.
Bankers
National Westminster Bank Plc. PO Box 221. 13 High Street, Westbury-on-Trym, Bristol, BS9 SAL.
COIF Charity Fun(L CCLA Investment Management Ltd, 85 Queen Victoria Street, London EC4V 4ET.
Independent Examiner
Paul Cridland, Charlton Baker (Bristol) Limited, Chartered Accountants, 61 Macrae RIL Ham Green, Bristol. BS20 ODD
Page I

The Paroehial Church Council of the Ecclesiastieal Parish of
St Mary Magdalene, Stoke Bishop
Annual report and Financial Statements
Year ended 31 December 2024
Aims
The PCC. in cooperation with the Incumbent, is required to meet its obligations in ways which:
Seek God's VTSion for the Church together with the paid and voluntary staff of St. Mary's and with key groups and
individuals Wlthin IL
Seek God's direction and guidance in all decision making.
Ensure that, where possible and appropriate, the views of members and groups in the congegation can be
represented when major decisions are made.
Ensure that St Mary's is faithful in its stewardship of everything that God has given us (including time). and
Pmmote in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenicaj.
Achievement and performance
2024 has been a year to celebrate growth. Growth not measured by just numbers but growth as a church. The choir h&8 grown in
numbers and confidence. Church groups have ￿wn across all ages from the Sunday afternoon child friendly service to the
growth in our contacts with local care homes.
Prayer is at the heart of who we are and what we do as a church. Prayer is expressed in a variety of ways including regular
prayer meetings,prayer ministry at services, smaEI groups and triplets the ring of prayer.
The contact with the local primary qchool continues to gTOW Stronger with the children coming to the church for whole school
Easter and Christmas services. The Easter and Christmas trails have welcomed over 400 children from several local schools.
St Mary's has benefltted from the gifts and skills of a team of staff and ministers. This team is a mix of lay and ordained
individuals, some are employed, others give their lime freely to the church.. It is through the generosity and flexibility of the
team that St Mary's can offer a range of services and activitics to the people of Stoke Bishop and the wider Avonside area.
This year we were able to see a growth in our support of our mission partners. The support given is prayerful and practical.
The redeveloping of th¢ church rooms during the year has faced some frustrating delays as the sale of the church house was not
finalised unlrl the end of the year. The plans for the work had to be changed which necessitated resiibmitting planning to both
the Council and the Diocese.
Page 2

The Parochial Church Council of the Eeelesiastical Parish of
St Mary Magdalene, Stoke Bishop
Annual report and Finaneial Statements
Year ended 31 December 2024
The Leadership Team
The Leadership Team acts as the Standing Committee of the PCC and consists of the leaders of the key are&$ of ministy at St
Mary's and ¢lected members from the PCC
Rev Jema Ball
Rev Simon Potter
Tony Hughes
Rachel Powlesland
Kate Pinfold
Caroline Jowett-lve
Caroline Owen
Sonia Horne
Stephanie Wren
Incumbent -worship and Training
Growing Disciples
Stewardship and Resources-ele¢ted PCC representative
Youth and Children
Church ivarden
Church warden
Tre&surer and safeguarding- elected PCC representative
ASMA curnte
Occ&8ional services £lected PCC representative
Relationships with other groups, charities and individuals
As a parish church, within thc Dioccsc of Brkstol in thc Church of England, thc church undcrt&kcs to pay thc annual Parish
Share, which, during this period was £166,320 (2023 - £165,000).
The Diocese of Bristol pays the salaries of the Incumbent Rev Jema Ball, and the associate vicar Rev Simon Potter.
Electoral Roll
The annual revision of the Electoral Roll last took place in April 2024, establishing that the number on the Electoral Roll was
206 (2023- 219).
Risk Mallagemellt
As a body responsible for the condition of the fabric of st Mary's and for the safety and well-being of those worshipping there
ai)d everyone using its facilities, the PCC adopts policies and takes measures to minimise the risks involved. The PCC and its
committees adhere to and implement the provisions of legislation and current good practice.
The major risks to which St Mary's PCC is exposed and tlie Sybtenis Lo iiiiligate those rfftsks are as follows:
Physical risks to congregation and staff which are dealt with through the regular review of the Health and Safety
policy and practice.
Risks from fire are mitigated by keeping the building and equipment in good repair.
Maintaining safeguarding policies to protect children and vulnerable adults from potential abuse, including
appointment procedures and training.
Church finances which are carefully administered to optimise income and control expenditure.
The short tenn nature of its r¢￿'enue funding, with steps being taken continually to ensure that funding continues,
Operating risks, with cover for public liability, office and buildings insurances and landlord's insurance in respect
of a tenanted property owned by the church.
Page 3

The Parochial Church Council of the Ecclesiastieal Parish of
St Mary Magdalene, Stoke Bishop
Annual report and Financial Statements
Year ended 31 December 2024
PCC responsibility for the financial statements
The law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of
affairs of the Parish and of its income and expenditure for that period. In preparing those financial statements. the PCC is
required to:
Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent. and
Prepare the financial stafrments on the going concern basis unless thts is inappropriate.
The PCC Membe￿ are responsible for mair]taining proper accounting records which disclose with reasonable accuracy at any
time the financial position of the Parish and to enable them to ensure that the financial statements comply with the relevant
legislation. They are also responsible for safeguarding the assets of the P￿Ish and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
At the beginning of the year the budget adopted by the PCC anticipated a defictt for the General Fund. The PCC are confident
that they will be able to meet their financial obligations.
Reserve5 Policy
The PCC aim to maintain reserves in unrestricted funds at a level that will allow sufficient funds to be available to respond to
charitable activities as they arise and also to ensure that support and governance costs can be met for at least three months.
The balance held as unrestricted funds at the year end was £591,663 (2023-£256,693).
During the year the PCC sold the freehold Property for ££W8,000. The proceeds of the disposal will be used to develop the
heritage asseL the church rooms. The work is expected to start in the autumn of 2025 and will cost about £680,000.
Approved and signed by
Rev Jema Ball
ncumbent
Page 4

The Parochial Church Council of the Eeelesiastical ParRsh of
St Mary Magdalene, Stoke Bishop
Annual report and Financial Statements
Year ended 31 December 2024
PCC members 2024
Clergy
Rev Jema Ball
Rev Simon Potter
Rev Hazel Trapnell
Rev Sonia Home
Rev Julie Summer5
Licensed Lay Millisters
Brian Richardson
Peter Robottom
Churchwardens
Caroline Jowett-Eve
Kate Pinfold - from 12th May 2024
Andy Judd - until 12th May 2024
Members of Diocesan Synod
Peter Robottom
St¢ve Fairbairn - from 15th January 2025
Charley Maidm¢nt - from 12th May 2024
Members of Deanery Synod
Tony Hughes
Al Meadows
Frdncis Parkinson
PCC members
Lucy Allen
John Gwyther
Madeleine McNeill - from 12th Maji ?024
James Newby - from 12th May 2024
Caroline Owen - Treasurer
Nick Powlesland
Keith Sheather- from 12th May 2024
Vivienne Sutherland
Stephanie Wren
Edward Yates
Caroline Simpson who wa5 a member of the PCC at I st January 2024 resigned on 12th May 2024
Rev Angela Cattell was a member of the PCC from l January 2024 to March 2024
Anna Mi ayo and Jerry Sandford who were members of the Deanery Synod on I st January 2024 resigned on 12th May 2024
Page 5

Independent Examiner's Report to the Members of The Parochial Church Council (PCC) of the Ecclesl￿tiCal
Parish of St Mary Magdalene, Stoke Bishop
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are
set out on pages 7 to 16.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the
Charities Act 2011 {'the Act,).
I report in respect of Tny cxamination of the charily's accounts carrFed out under section 145 of the ALI and in carrying oul my
examination I have followed all the applicable Directlons given by the Charity Commission under section 145{5)(b) of the ACL
Independent examiner's statement
Since the charity's gross income exceeded £250.1)00 your examiner must be a member of a body listed in section 145 of the Act.
I confirn) that l am qualified to undertake the examination because J am a member of the Institute of Chartered Accountants in
England and Wales, which is one of the listed bodies.
I have completed my examination. I confimi that no material matters have come to my attention in connection with the
examination giving me cause to belleve that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act" or
the accounts do not accord with those records. or
the accounts do not comply with the applicablc requirements concerning the fom 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 ¢xamination.
I have no con¢erns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Cridland FCA (ICAEW)
Independent Examiner
Charlton Baker (Bristol) Limited
Chartered Accountants
61 Macrae Road
Ham Green
Bristol
BS20 ODD
Page 6

The Parochial Church Collncil of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Statement of Financial Activities for the Year Ended 31 December 2024
2024
Restricted
funds
2023
Restricted
funds
Unrestricted
funds
Total
Unrestricted
funds
Total
note
Income and endowments
fro
Donations legacies and
grants
ActivAties for generating
funds
Investment income
326,318
54,267
380,585
279.089
105,203
384,292
34,555
4,547
7,540
42,095
4,547
39,087
8,454
6,494
45,S81
8,454
Total
365,420
61,807
427,227
326,630
111,697
438,327
Expenditure on
Raising funds
Charitable activities
21,612
308,672
3,938
42,431
25.550
351,103
18,830
331,434
3,989
46,724
22,819
378,158
Total
330,284
46,369
376,653
350,264
50,713
400,977
Net income
35,136
15,438
50,574
(23,634)
60,984
37,350
Transfers
Gross trdnsf¢rti between funds
(6.274)
6,274
(4,919)
4,919
Net income before other
reCO￿lSed gains and
losses
28,862
50,574
(28,553)
65,903
Other recogllised gains
(Loss)/Gains on revaluation
of fixed assets for charity's
own use
(27,000)
(27,000)
Net movements in funds
28,862
21,712
50,574
(55,553)
65,903
10,350
Reeoneiliation of funds
Total funds brought forward
562,801
164,048
726,849
618,354
98,145
716,499
Total funds carried forward
591,663
185,760
777,423
562,801
164,048
726,849
All incoming resources and resources expended derive from continuing activities.
The notes on pages 9 to 16 fonn an integral part of these financial statements
Page 7

The Parochial Church Council of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Balance Sheet as at 31 December 2024
2024
2023
note
Fixed assets
Tangible assets
Heritage assets
448,000
448,001
Current assets
Debtors
Cash at bank and in hand
10
448,440
338,589
787.029
9,581
277,373
286,954
Creditors: Amounts falling due
within ODe year
9,607
8,106
777,422
278,848
Net assets
777,423
726,849
The funds of the charity:
Restricted funds
13
185,760
164,048
Unrestrieted Funds
Revaluation reserve
Unrestricted income funds
13
13
306,108
256.693
591.663
591.663
562,801
Total charity funds
777,423
726,849
Approved andsigned by I s I
Reverend Jema Ball
Incumbent
C Owen
PCC Member
The notes on pages 9 to 16 forni an Inte￿ part of these financial statements.
Page 8

The Parochial Church Council of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
l. Aecounting policies
The Parochial Church Council (PCC) is a corporate body established bv the Church of England under the PCC Powers Measure.
The PCC was registered as a charity in 2009. charity number 1131728. Its registered office is Mariners Drive, Stoke Bishop,
Bristol BS9 IQJ.
Basis of preparatioD and assessment of going concern
'The financial statements have been prepared und¢r th¢ historical cost convention, &8 modified by the revaluation of certain
fixed assets, and in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance
with FRS102 thc Financial Reporting Standard applicable in thc LIK and Rcpublic of Ircland, and thc Charitics Act 2011.
The PCC constitutes a public benefit entity as defined by FRS 102.
The presentation currency of the financial statements is sterling and all tigures are rounded to the nearest pound. The
comparative information relates to the year ended 31 December 2023.
The accounts have been prepared on a going concern basis which the PCC considers appropriate. .
Fund accounting policy
Unrestricted income fimds are genera] funds that are available for use at the PCC'S discretion in furtherance of the objectives of
the Charity.
Restricted funds are those donated for use in a particular area or for a specific purpos4 the use of which is restricted to that area.
Designated funds are unrestricted funds set aside at the discretion of the PCC for specific purposes. Details of each fund are
disclosed in note 13.
Ineoming resources
Voluntary income. including donations and grants including wronavirus job retention scheme payments, that provide core
funding is recognised where there is an entitlement, probability of receipt and when the amount can be reliably measured.
Income from tax r¢claims are Included at the same time &$ the gift to which they relate.
Income from events and fund raising activities is recognised as earned.
Inv&gtment income is recngnised nn a receivable h&%18.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligatton committing the charity to the expenditure. All
expenditure is accounted tor on an accruals basis and has been cl&8sitied under headings that aggregate all costs related to the
category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its
beneficiaries. It includes both costs that can be directly allocated to the activity and indirect Costs required to sUp￿rt the work
of the charity.
Grants and donations payable are recognised in the accounts when a commitment has been made and there is certainty about the
timing and amount of the payment.
Page 9

The Parochial Churcb Council of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
Governance eosts
Governance costs include costs of the preparation and examination of the Report and Financial Slatement, costs relating to PCC
meetings and any legal costs relating to governance and constitutional matters.
Fixed assets
Consecrated land and buildings and other church furnishing are not incIuded in the accounts in accordance with sl O (2) (a) of
the Charitie6 Act 201 l. All expenditure on such property is written off &s incurred.
Moveable church furnishings thal require a faculty for disposal are inalienable property and are held by the vicar and
churchwardens on special trust for the PCC. Thesc assets are listed in the church's inventory which can be inspected at any
reasonable timc.
Other land and buildings are owned by the PCC and are stated at valuation.
Expenditure on office and audio equipment and musical instruments is treated as capital additions where it exceeds £2,5(K).
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cosL less any residual value, over their expected useful
life as follows:
Office audio and musical equipment
330/0 Straight line basis
Taxation
The charity is exempt from tax as it h&s no t￿b]e activities. Irrecoverable VAT borne by the charity is included in the cost of
the item to which it relates.
Cash at bank and in hand
Cash at bank and in hand includes c&8h and short term highly liquid investments with a short maturity of three months or less
from the date of acquisition or opening of the dwsit or similar account.
Debtors
Trnde and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the
amount at which the charity is expected to benefit in a future period.
Liabilities and provisions
Liabilities are reCO￿lSed when there is an obligation at the Balance Sheet date as a result of a past event, it ig probable that a
transf¢r of ewnomic benefit will be required in settlemenL and the amount of the settlement can be estimated reliably.
Liabi liti¢s are recognised at the amount that the charity anticlpates it will pay to settle the debt or the amount it has received as
advanced payments for the goods or services it must provide. Provisions are measured at the best estirnate of the amounts
required to settle the obligation.
Finaneial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial
instruments are initially ￿COgniSed at transaction value and subsequently me&sured at thelr settlement value.
Page 10

The Parochial Church Council of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
2. Donations and legacies
2024
Restricted Total Funds
Funds
2023
Restricted
Funds
Unrestricted
Funds
Unrestrɢted
Funds
Total Funds
Donations #nd legacies
Committed giving
Donations
Bequests
Gift aid tax reclaimed
234,961
43,393
25,000
22,964
326.318
234,961
61,135
35,000
24,489
355,585
209,898
35,904
5,515
27,772
279,089
209,898
117,361
5,515
36,518
369.292
17,742
10,000
1,525
29,267
81,457
8,746
90.203
Grants
Building grants
25.000
25,000
15,000
15,000
326,318
54,267
380,585
279,089
105,203
384,292
3. Activities for generating funds
2024
Restricted
Funds
2023
Restricted
Funds
Unrestri¢t¢d
Funds
Total Funds
Unrestricted
Funds
Total Funds
Parish activities
Insurance receipts
Fees for weddings and funerals
Church and church room rental
2,027
2.027
11,037
18,532
31,596
11,037
18.532
29,569
20,205
16,590
36,795
20,205
16,590
36,795
2,027
Fund raisRng
Magazine advertising and sales
Social events
2,880
2,106
4,986
2,880
7,619
10,499
2.292
2,292
6,494
8,786
6,494
6,494
5,513
2,292
34,555
7,540
42,095
39,087
6,494
45,581
4. Investment income
2024
Restricted Total Funds
Funds
2023
Restricted
Funds
Unrestricted
Funds
Unrestricted
Funds
Total Funds
Rent from propety
Interest on cash deposits
5,093
3,361
8,454
5,093
3,361
8,454
4,547
4,547
4,547
4,547
Pagell

The Parochial Cburch Council of the Ecelesiastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
5. Raising funds
2024
Restricted Total Funds Unrestricted
Funds
Funds
2023
Restricted
Funds
Unrestricted
Funds
Total Funds
Magazine printing
Legal fees on property sale
Wedding and funeral costs
Room hire
Social events
6,610
7,922
5,162
303
1,615
21,612
6,610
7.922
5,162
303
5,553
25,550
5,991
5,991
12.224
615
12,224
615
3,989
22,819
3,938
3,938
3,989
3,989
18,830
6. Details of charitable activities
2024
Restricted Total Funds Unrestricted
Funds
Funds
2023
Restricted
Funds
Unrestricted
Funds
Total Funds
Grants alld donations
Parish share
Mission giving
Other giving
166,320
166,320
20,135
2,548
189,003
165,000
165,000
13,276
1,425
179,701
20,135
2,548
22,683
13,276
1,425
14,701
166.320
165,000
Support costs
Employment costs
Lighting and heating
Insurance
Repairs and maintenance
Hall developinent
Organist, choir and music costs
Telephone and computers
Stationery and postage
Subscriptions and training
Council tax
Cleaning
Water rates
Service supplies
Staff recruitment
Bat￿ and cr¢dit card clTrarges
SuTtdry costs
Youth ministry costs
Depreciation
Clergy expenses
80,092
13,394
4,994
7,820
80,092
13,394
4,994
8,147
18,556
2,389
9.058
2.899
87,720
16,821
4,003
31,414
87,720
16,82E
4,003
31,414
32.023
1,934
5,175
3,263
1,888
327
18,556
32,023
2,389
9,058
2.899
1,778
2,600
1,757
703
1,904
240
432
1,173
2,952
1,934
5,175
3,263
1.888
100
2.600
1,757
703
1,904
240
432
1,938
2,952
1,481
645
600
210
857
2,465
839
837
3,912
164,064
1,481
600
210
857
2,465
839
837
3,912
196,087
765
5,657
139,842
5.657
159,590
19,748
32,023
Governance costs
Independent examiner's fee
2,510
2,510
2,370
2,370
308,672
42,431
351,103
331,434
46.724
378.158
Page 12

The Parochial Church Council of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
7. Grants and donations
2024
2023
Parish share - paid to Diocese of Bristol
Mission giving
Other charitsble giving
166,320
20,135
2,548
189,003
165,000
13,276
1.425
179,701
Giving to Mission partners
Institutions
Individuals
17,085
3,050
20,135
11,776
1,500
13,276
8 Employees, remuneration
The average number of persons employed by the charity during the year was a5 follows:
2024
number
2023
number
Youth workers and trainees
Oftice and administration staft
The ￿gretsate payroll costs of these staff were &8 follows:
2024
2023
Youth and children & family leaders
Redundancy payment
Office and administration staff
28,356
37,527
3,526
43,572
84,625
1,533
1,562
87,720
50,060
78,416
56
1,620
80,092
Employer's nattonal insurance contributions
Employer's pension contributions
No employees were paid more than £60,000 in the year by the PCC.
The PCC members are considered the key rnanagement personnel of the PCC. No PCC member was paid any remuneration or
working expenses during the year in their capacity as PCC members.
Page 13

The Parochial Church Council of the Ecclesiastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
9 Tangible fixed assets
Freehold
land and
buildings
(including
heritage
assets)
Fixtures
fittings and
equipment
Total
Cost or valuation
At l January 2024
Additions
Disposal
448,001
27,487
475,488
(448,000)
{448,000)
At 31 December 2024
27,487
27,488
Depreciation
At l January 2024
Charge for ihe ye
27,487
27,487
At 31 December 2024
27.487
27,487
Net book value
At 31 December 2024
At 31 December 2023
448,001
448,001
The church rooms have been classed as heritage assets. As the property has restrictions that prevent it being sold, the PCC have
valued it at £1.
On 19th December 2024 contracts were exchanged for the sale of the fre¢hold property, I St Lauds Close, Stoke Bishop. The
sale was completed on 6th January 2025. The property was sold foT Its valuation figure of £448,000.
10 Debtors
2024
2023
Gift aid refund due
Proc¢eds from property sale
Prepayments
7,212
441,228
9,581
448,440
9,581
11 Creditors: Amounts falling due Ivithin one year
2024
2023
Accrued expenses
Payroll taxes and pension contributions
9.607
8,106
9,607
8,106
Page 14

The Paroehial Church Council of the Eccleslastical Parish of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
12. Related Parties
Controlling entity:
The charity is controlled by the PCC memb¢rs.
13. Analysis of Funds
l January
2024
Incoming
resources
Resources
expended
31 December
2024
Transfer
Restricted Funds
Mission Fund
Eannarked fund
Mental Health Fund
Youth work fund
Lunch club
Defibrillator fund
Hall fiind
1,288
228
116
11,267
2,792
130
6,280
5,513
(22,683)
(1,092)
(ioo)
12,554
2,426
I,928
146
(6,280)
10,895
375
151,146
164,048
(3,938)
12.470
375
168,415
185,760
35,825
61,807
(18,556)
(46,369)
6,274
Unrestricted Funds
General fund
50,756
340,420
(330,284)
421,668
482,560
Designated fullds
Building fund
Development fund
Capital reserve fund
14,136
69,967
121,834
256,693
14,136
94,967
25,000
(121,834)
299,834
365,420
(330,284)
591,663
Rei'aluation of fixed assets
Revaluation reserve ￿nd
306,108
(306,108)
Total funds
726,849
427,227
(376,653)
777,423
Unrestricted funds
Building fund
Sums set aside to meet significant non routine repairs and to meet expenditure due after
each quinquennial review.
Legacies received and set aside to encourage the growth of the church.
Accumulated profits on sales of fixed assets and exceptional write offs. Following the sale
of the church house this has been transferred to the General fund.
Development fund
Capital reserve fund
Restricted funds
Mission fund
Donations received for distribution to mission partners and other charities.
Sums received where the donor h&8 specified the purpose of the donation.
DonatAons and grants received to develop th¢ church buildings.
Donation5 received to support the youth work of St Marys.
Accumulated funds held by the lunch club which provides a weekly lunch.
Donations received to support the work of a mental health support group.
Donations received to be used for maintenance of the defibrillator attached to the church
hall wall.
Earn)arked fund
Hall fund
Youth Work fund
Lunch Club fund
Mental Health Fund
Defibrillator fund
Page 15

The Parochial Church Council of the Ecclesiastical ParRsh of
St Mary Magdalene, Stoke Bishop
Notes to the Financial Statements for the Year Ended 31 December 2024
14. Transfers
The following transfers have been made from the general fund".
£12,554 to the Mission fund to support the mission partners.
The following transfers have been made to the general fund:
£6,280 from the Youth Work fund as a contribution towards th¢ cost of youth worker salaries.
£306,108 from the Revaluation reserve fund and £121,834 from the capital reserve fund following the sale of the
church house. The funds from the sale will be used for the development of the church hall which will be written off
as the church is a heritage asset and has no value in the balance sheet.
15. Net assets by Fund
Unrestricted
Funds
Restricied
Funds
Total Funds
2024
Totsl Funds
2023
Taneible assets
Heritage &ssets
Current assets
Creditors: amounts falling due within one year
448,000
601,269
(9,607
591,663
185,760
787,029
(9,607)
777,423
286.954
(8,106
726,849
185.760
Page 16