Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 REGISTERED CHARITY NO. 1131834 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL {Parochial Church Council for the Ecclesiastical Parish of the Kirkby Lonsdale Team Ministry) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024 Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 REGISTERED CHARITY NO. 1131834 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Team Rector: Reverend Canon Richard Snow Office Address: Kirkby Lonsdale PCC Parish Office Lunesdale Hall Bective Road Kirkby Lonsdale LA6 2BG Independent Examiner: Jack Steer BA(Hons) ACA MHA Kendal House Murley Moss Business Village Kendal LA9 7RL Architects: Crosby Granger Architects Ltd The Fellside Centre Low Fellside Kendal, LA9 4NH James Innerdale 5 Gildersbank Clapham Lancashire LA2 8EG INDEX Reference and Administrative Details & Index Trustees Report Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet 11 Statement of Cash Flows 12-17 Notes to the Financial Statements Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORP)"Accounting and Reporting bycharities" (FRS 1021 in preparingthe annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with legislation relating to church governance, the Charities Act 2011 and the charities Statement of Recommended Practice {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS102) issued in October 2019. Aims and Strategies The Parochial Church Council (PCC) has the responsibility of working with the ministry team in promoting in the Ecclesiastical Parish of Kirkby Lonsdale (also known as the Rainbow Parish) the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the 7 churches in the Parish. The Church of the Holy st Ghost, Middleton was formally closed for worship on 31 December 2024 and the building is now the responsibility of the Diocese of Carlisle. The responsibility for the Churchyard remains with the pcc. The church is guided by the 'God for All, vision to "Follow Daily" Care Deeply" Speak Boldy" and "Tread Gently" The PCC'S strategies can be considered under 3 headings:_ Mission - We are working with the other churches in Kirkby Lonsdale, particularly the Kirkby Lonsdale Methodist Church (KLMCI, in many areas of mission. We have been running a Family Project with a full time Family Project Leader with the aim of "helping children and their families in our communities, and particularly those with whom the local church currently has little or no contact, discover more of God and God's purpose for their lives" We also work on many other projects including lunches for older residents, pastoral visiting, and a series of activities in church and the community during Holy Week. Ministry- We are working with the KLMC on joint clergy appointments. One of our Team Vicars is currently working half time with the Methodist Church and half time with the Anglican Church. Buildings- In Kirkby Lonsdale we are working with KLMC and St Joseph's RC Church on 'The Big Vision,, that the Churches, the surroundings and the Rectory buildings are creatively and Sustainably utilisedfor the benefit of the local community, visitors and the Ministry and Mission of the church. In the other districts within the parish, each church community is working to support their local church building in different ways. The PCC is committed to enabling as many people as possible to worship at our churches, and to encouraging discipleship and active engagement across the community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our ser4ices and worship put faith into practice through prayer and scripture, music and sacrament. Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Aims and Strategies (continued) When planning our activities for the year, the ministry team and the PCC have considered the Charity Commission's guidance on public benefit and, in particular, the specific 8uidance on charities for the advancement of religion. We share the Diocesan vision statements: Follow Daily- by providing opportunities and training that will help people to deepen their faith in Jesus, and by encouraging people to consider all types of Christian service. Care Deeply- by working with and supporting the local communities in Kirkby Lonsdale and the surrounding villages and tryingto reach those in particular need. Speak Boldly- through initiatives such as family trails, working with schools, other Family Project activities and also through public worship opportunities such as the Good Friday service in the Market Square. Tread Gently- including starting to look at how we can use our buildings more efficiently. Volunteers Each church has a loyal group of volunteers who assist the ministry team in providing regular acts of worship, including weddings, funerals and baptisms. Volunteers also play a major part in the maintenance of churchyards and general housekeeping within the church buildings. Risks and Uncertainties The PCC faces the following risks and uncertainties: Risk Declining congregations and supporters Reduced income Level Medium Mitigation The PCC and the churches continuously monitor the financial viability of each church. Each church has a responsibility to maintain its own building and to contribute to the costs of the clergy through the Parish Offer. If there were concerns about financial viability these would be raised with the Archdeacon and discussed with the local community to find a way forward. Declining congregations and supporters Lack of volunteers Medium Each church is responsible for finding volunteers to fill these roles. The specific minimum roles to be filled are those responsible to the PCC for looking after health and safety, buildings and grounds, assets and building security (normally the Churchwarden). The other necessary role is the Treasurer. Failure of a community to find individuals to fulfil these roles would be referred to the Archdeacon. Repairs needed to church buildings Medium Every 5 years each church has an independent Quinquennial Report which assesses the church buildings and details work that will need to be done. Each church District Church Council {DCC), along with the local community is responsible for contributing to the costs of providin8 clergy (the Parish Offer) and looking aftertheir church building. If the building cannot be maintained to a safe standard then it will be closed either temporarily or permanently. Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review In 2024 total income was £355,084 compared with £220,823 in 2023. Legacies received in 2024 were £41,045, a significant increase on the 2023 figure of £9,152. In 2022 legacies amounted to £65,272, showing how important legacies are to the PCC'S financial position. Grants totalling £88,776 were received in 2024, compared with £6,360 in 2023. The majority of the 2024 grant receipts related to St Mary's Church, including £20,000 towards the cost of major repairs, £10,983 from the Listed Places of Worship (LPOWI scheme, and £37,833 relating to events fundraising. In 2024 total expenditure was £508,409 compared with £351,733 in 2023. The main element of this significant increase in costs was the £138,924 spent on major repairs to churches, compared with £6,996 in 2023. £76,068 related to St Mary's, which is in the midst of a comprehensive repairs and re-ordering project. St Patrick's and 5t Bartholomew's spent £44,622 and £18,234 respectively on roof refurbishment. Donations to charities in 2024 amounted to £11,508, compared with £7,300 in 2023. This increase largely arose from collections at weddings and funerals distributed according to the wishes of the families involved. In 2024 there were higher expenses for clergy and pastoral staff, amounting to £14,701 compared with £2,300 in 2023. The increase was a combination of a higher contribution to the Kendal Methodist Circuit for shared resources at St Bartholomew's church and higher activity costs for the Family Project. In 2023 there was a high level of churchyard expenditure in St Marfs, associated with the closure of the Brow footpath. This was the main reason the total PCC church running expenditure of £99,747 in 2024 was £13,916 less than 2023. Utility costs (mostly gas and electricity), after surging in 2022 and 2023, levelled out in 2024 and at £32,908 finished up slightly less than the 2023 figure of £34,373. The excess of expenditure over income in 2024 was £153,325 (£130,910 in 2023). There were net gains on investments of £31,764, compared with net gains of £57,485 in 2023. These gains and losses are calculated based on the change in market value of our investments at the end of the financial year compared with the beginning. These are mostly 'unrealised' gains and losses, which have no cash flow effect. Dividend and Interest Income was £41,766 {£39,581 in 2023). There was a transfer of £23,242 {£21,560 in 2023) from unrestricted funds to restricted funds, representing the PCC'S contribution to the Family Project. Overall, there was a net deficit of £121,561 in 2024 (£73,425 net deficit in 2023). After deducting the net deficit for the year, total funds as at 31 December 2024 amounted to £1,299,963 {£1,421,424 in 2023}. The allocation of the funds between unrestricted, restricted and endowment is shown in note 6 to the Financial Statements. The different purposes of the reserves are explained under 'Reserves Policy, below. The PCC has a wide spread of investments (in order to reduce risk) in equities, fixed interest and property, almost all of which are held in CBF Church of England Funds. At the 31 December 2024, these investments were valued at £1,038,093 (£1,039,329 in 2023). Liquid current assets amounted to £205,8101£336,495 in 2023) comprising cash held in bank current and deposit accounts. Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Reserves Policy The PCC regularly reviews its future liabilities to understand whether it is retaining a suitable level of reserves. At 31 December 2024 total reserves were £1,299,863. Of this amount: £330,879 is a permanent endowment and therefore not available to meet any of the PCC'S liabilities. Income from the endowment is available to meet unrestricted expenditure. £ 176,053 represents restricted reserrfes, which comprise several different funds set up to provide for items of expenditure specified by the donors, as set out in note 6. £ 792,931 represents unrestricted reser￿es. It is PCC policy to try to maintain a balance on unrestricted funds which equates to at least 6 months unrestricted payments. Based on 2024 expenditure this is equivalent to approximately £215,000, and 15 held to smooth out fluctuations in cash flow and to meet emergencies. This leaves £577,931 to cover future maintenance and renovation costs relating to our 7 remaining churches. St Mary's Kirkby Lonsdale is Grade I listed. and all the other churches are Grade 2 listed. Looking at the Architect's Quinquennial Report for each of the 7 churches, there are significant future maintenance requirements. There are major Structural problems with the roof and tower of St Mary's Kirkby Lonsdale. Other churches will need extensive roof work and stonework repair and repointing over the next 5 to 20 years, and some of this was carried out in 2024. Significant further expenditure might become necessary in the future relating to land subsidence adjacent to St Mary's churchyard. The PCC recognises that there are not enough funds to address all the liabilities identified in the Architect's Quinquennial Reports at the time they are needed. The Churchwardens and representatives from each Church have been asked to consider how they may address the shortfall. Plans for Future Periods St Mary's has embarked on a major redevelopment of the church as part of the 'Big Vision, for all the church buildings and surroundings in Kirkby Lonsdale. The estimated cost of this work is well in excess of the PCC reserves, and the considerable amount of preliminary work from architects, structural engineers and other professional specialists has led to the exceptional expenditure identified on page 4 of the financial review. There has been some success in securing modest grants for minor elements of the project, and there are continuing discussions with the National Lottery Heritage Fund, which is the main source of grants for large scale heritage projects. Strurture, Governance and Management The PCC is registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended, and the Church Representation Rules, which set out the method of appointment of PCC members. The PCC membership consists of the incumbent (our Rector), ordained clergy in the team, Churchwardens, Readers, parish representatives on the Deanery Synod, members elected by the individual church councils within the parish and co-opted members. The PCC is responsible for the 7 churches in the Rainbow Parish, and the Church of the Holy Ghost churchyard in Middleton. This includes ensuring compliance with church and state rules and regulations and overseeing the finance of the Parish. It sets policy on finance, health & safety and safeguarding. As many of the responsibilities as possible are delegated to the Churchwardens and the District Church Councils {DCCs) who manage the individual churches and churchyards. Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Training The Trustees bring knowledge and experience from many areas, and little general training is considered necessary. There are some specific areas where training is important and accordingly we provide all trustees with training on Safeguarding. In other areas, particular trustees keep themselves up to date, for example with church financial practice, health and safety and GDPR. Trustees Team Rector: Reverend Canon R Snow Team Vicar Reverend W Thornton Team Vicar Reverend Canon A Pettifor Team Vicar Reverend R Gilbert Licensed Readers: Mrs L Dew MrACox Churchwardens: Mr M Hibbs Mrs A Foulerton Mr S Evans Mrs M Lambert Mrs R Pedley Mrs M Venys Mrs S Sanderson Representatives on the Deanery Mrs A Foulerton Synod: MrsJFry Mr C Howarth Mrs T Allen Elected Members: Mr A Oakden Mrs J Wilson Mrs A Dehany Mrs P Hall Mr N Hall Mrs G Sykes Mrs M Blanchard, Vice Chairman Secretary: Mrs R Pelham Treasurer: MrRNCass Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees, responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2LN)8 and the provisions of legislation relating to church governance. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charitV5 web51te. Legislation in the United Kingdotn governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. On behalf of the PCC Mrs Mary Blanchard Vice Chairman Date: 13 20 Docusign Envelope ID. BA724Fl2-AD6F4E3E￿4A4-BD7oA7oc8OAl KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL TRusfEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Report to the Trustees of Kirkby Lonsdale Parochial Church Councll 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 9 to 17. Res onsibilities and basis of re 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 my examination of the charivs accounts carried out under section 14S of the Act and in carrying out my examination I have followed 311 the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Inde endent examiner's statement Since the charivs gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. ort I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charity 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 account5 give a 'true and fair vieW which is not a matter considered as part of an independent examination. I have no concerns 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. Jack Steer 8AIHons) ACA Independent Examiner MHA Kendal House Murley Moss Business Village Kendal Date.. May 23, 2025 LA9 7RL Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricled Funds Restricted Funds Endovmient Funds TOTAL FUNDS 2024 2023 INCOME Gift Aid planned giving Other Planned Giving Collections al ServI￿S All other giving and voluntary income Gift aid tax recoverable Legacies received Grants received Statutory Fees (weddings, funerals, etol Magazines, bookstsll and sundry sales Fundraising events Dividends and Interest Other income 43.276 13,948 10.502 20,091 19.976 41,045 39.443 9,592 12.769 21,580 41.766 1,080 8.840 52,116 13,948 17,349 28,677 22,208 41,045 88,776 9,592 13,366 25,181 41,766 1,080 58,370 14,388 14,309 18,975 13,839 9,152 6,360 12,260 20,227 12,167 39,581 1,195 6,847 8,586 2,232 49.333 597 3,581 TOTAL 275,068 80,016 355,084 220,823 EXPENDITURE Fundraising Costs Donations to charities Diocesan Parish Share contribution Salaries I honoraria Expenses lof clergy, pastoral staff, eto) Mission and Evangelism Church running expenses Church utility costs Magazine Printing Expenses Major Repairs to churches New building work 8,992 4.512 110,736 37,902 7,259 520 81,930 32.908 11,320 132.931 450 8,992 11,508 110,736 74,603 14,701 520 99,747 32,908 11,320 138,924 4,450 876 7,300 106,890 68,784 2,300 534 113,663 34,373 9,576 6,996 441 6.996 36,701 7,442 17.817 5,993 4,000 TOTAL 429,460 78,949 508,409 351,733 NET INCOMEIIEXPENDITURE} ARISING FROM ORDINARY ACTIVITIES 1154,3921 1,(X7 1153,3251 1130,9101 NET GAINSIILOSSESI ON INVESTMENTS 26,823 4,941 31,764 57,485 NET INCOMEI{EXPENDITUREI 1127,5691 1,￿7 4,941 {121,561) {73,4251 TRANSFERS BETWEEN FUNDS 123,242) 23,242 NET MOVEMENT IN FUNDS 1150,8111 24,309 4,941 1121,5611 (73,4251 RECONCILIATION OF FUNDS: Total funds brought forward 943,742 151,744 325,938 1,421,424 1,494,849 Total funds carried forward 5&6 792.931 176,053 330,879 1,299,863 1.421.424 Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRK8Y LONSDALE PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Ncrte FIXED ASSETS Invesknents 1039 329 CURRENT ASSETS Accounts Receivable Prepayments Cash at Bank and in Hand 70,319 48,287 4,510 205810 276.129 389.292 UABILITIES: AMOUNTS FALUNG DUE wrrHIN ONE YEAR Accounts Payable Deferred Inc TRUSTEE EXPENSES During the year. 5 Trustees {2023.' 2) were reirnbursed for expenses vthich totalled £2.470 (2023.. £1,611). These expenses were for church Servi￿ and churchyard necessilies. travel. postage. subscriptions and Offi￿ supplies. INVESTMENTS 2024 2023 CBF Investment Fund COIF Investment Fund 986,595 51,498 1,001,227 38,102 Value as at 31 December 1.038,093 1,039,329 Movements in the year= Market value 1 January Purchases less (Disposals) Income reinvested Net Iloss)Igain during year 1,039,329 { 33,000) 1,031,844 150,000) 31,764 57,485 Market value 31 December 1.038,093 1,039,329 ANALYSIS OF NET ASSETS BY FUND 2024 Unrestricted Fund Restricted Fund Endowment Fund Total Investments Current Assets Currenl Liabiltties 707,214 98.804 13.087 330,879 1,038,093 276,129 14,359 177,325 1,272 Fund Balance 792.931 176,053 330,879 1,299,863 2023 Unrestricted Fund Restricted Fund Endowment Fund Total Investments Currenl Assets Current Liabilities 713.391 236,537 325.938 1,039,329 389,292 152,755 1,011 Fund Balance 151,744 325,938 1,421,424 14 Docusign Envelope ID. BA724F12-A06F4E3E-B4A4-BD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 ANALYSIS OF FUNDS Balance 1.1.24 Income Expenditure Transfers Gains and Losses Balance 31.12.24 Total Unrestricted funds 943.742 275.068 (429.460) (23.242) 26,823 792.931 Restricted funds (a) Church buildings and churchyards 52.935 42.047 (26,263) 68,719 (b) Donations received for charities 6.746 (6,746) (c) Family Project 48.540 26.100 {44,143) 23,242 53,740 (d) Friends of St Marfs 49,311 4.463 (1,380) 52,393 Small funds £2,000 or less 958 660 (418) 1.201 Total Restricted funds 151,744 80,016 (78,949) 23,242 176,053 Pennanent Endowment Fund (e) Hutton Roof church 325.938 4,941 330,879 Total Funds 1.421.424 355.084 (508.409) 31,764 1,299.863 Notes on restricted funds (a) The restricted funds for church buildings and churchyards relate to donations and bequests for maintenance and renovation work on specified churches. (b) Donations received for charities relate to collections at weddings, funerals and special services. (c) The Family Project is a joint initiative wth the Methodist Church to help the children and families in our communities discover more of God and God's purpose for their lives. The PCC transfers annually from unrestricted funds to the family project. In 2024 the transfer amounted to £23,242. Other sources of income are the Methodist Church, the Carlisle Diocese and donations from individuals. Al project expenditure, including a full time project leader, is charged to this fund. (d) The Friends of St Mary's Fund is held on behalf of the Friends of St Mary's. an independent fund raising organisation. Income from fundraising is credited to the fund. and expenditure on the Ghurch, agreed between the church and the 'Friends', is charged to the fund. (e) The permanent endowment fund for Hutton Roof thurch was established with a legacy from the late Mary Stsveley in 2008. amounting to £251.357. Income from the invested endowment is unrestricted. 15 Docusign Envelope ID. BA724F12-A06F4E3E-B4A4-BD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 ANALYSIS OF FUNDS Balance 1.1.23 Income Expenditure Transfers Gains and Losses Balance 31.12.23 Total Unrestricted funds 1.030.806 196.342 (306.272) (21.560) 44,426 943.742 Restricted funds (a) Church buildings and churchyards 54.906 (1,972) 52,934 (b) Donations received for charities 2.943 (2,943) (c) Family Project 52.138 13.282 {38,440) 21,560 48,540 (d) Friends of St Marfs 43,183 8.055 (1,926) 49,312 Small funds £2,000 or less 937 201 (180) 958 Total Restricted funds 151,164 24,481 (45,461) 21,560 151,744 Pennanent Endowment Fund (e) Hutton Roof church 312.879 13,059 325,938 Total Funds 1.494.849 220.823 (351.733) 57,485 1,421.424 Notes on restricted funds (a) The restricted funds for church buildings and churchyards relate to donations and bequests for maintenance and renovation work on specified churches. (b) Donations received for charities relale to colleclions at weddings, funerals and special services. (c) The Family Project is a joint initiative with the Methodist Church to help the children and families in our communities discover more of God and God's purpose for their lives. The PCC transfers annually from unrestricted funds to the family project. In 2023 the transfer amounted to £21.560. Other sources of income are the Methodist Church, the Carlisle Diocese and donations from individuals. Al project expendilure. including a full time projeGI leader, is Gharged to this fund. (d) The Friends of St Mary's Fund is held on behalf of the Friends of St Mary's. an independent fund raising organisation. InGome from fundraising is credited to the fund, and expenditure on the church, agreed between the church and the 'Friends'. is charged to the fund. (e) The permanent endowment fund for Hutton Roof thurch was established with a legacy from the late Mary Stsveley in 2008. amounting to £251.357. Income from the invested endowment is unrestricted. 16 Docusign Envelope ID.. BA724F12-AD6F4E3E-B4A&kBD70A70C80A1 KIRKBY LONSDALE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS 2024 2023 Accounts Receivable Prepayments 70,319 48,287 4,510 70,319 52,797 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accounts Payable Deferred Income 13,391 968 6,998 199 CONNECTED CHARITY The PCC manages the residual funds of the Alexander Pearson Memorial Trust. This trust was established for the upkeep of the Brow, Kirkby Lonsdale. a public footpath over Council land adjacent to the Glebe Field in the PCC'S ownership. The value of the fund at 31 December 2024 was £2,435. 10 COMPOSITION OF TEAM MINISTRY The member churches throughout the year to 31 December 2024 were Barbon, Casterton, Hutton Roof, Lupton, Kirkby Lonsdale, Mansergh. Middleton and Preston Patrick. Middleton dosed on 31 December 2024. 11 CONTROL There is no single controlling paty of this charity in the current or previous year. 12 TAX As a Charity, Kirkby Lonsdale Parochial Church Council is exempt from tax on income and gains falling wthin sections 472474 of the Corporation tax Act 2010. sections 478489 of the Corporation Tax Act 2010. or section 256 of the Taxalion of Chargeable Gains Act 1992 to the extent that these are applied to tls charitable objects. No tax charges have arisen in the Charity- 17