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2024-12-31-accounts

Annual Vestry and Annual Parochial Church Meeting of the Parish of Lower Wharfe, MAY 18[th] May 2025 12noon MINUTES

Opening prayers led by Revd. Nick

In attendance

Revd Nick Morgan, Emma Hunter, Paul Hampson, Marcus Orton, Kate Kennedy, Judith Dahlgreen, Robert Wivell, Chips Browning, Linda Richards, Yvonne Gibson, Doreen Lister and Revd Hannah. Steve Aston and Molly Browning

Apologies for absence

Niki Hampson, Jillian Lawson, Lyn Smith, Fiona Robinson, Revecca Lobb, Anne Palmer and Jillian Lawson

To make any decisions valid, the quorum of PCC members needs to be a third of total number of members. Total number of members = 17 To be quorate we need (5.6) 6 PCC members. 11 PCC members in attendance

Annual Vestry Meeting

Thanks given to all Churchwardens. Thanks given to Niki Hampson for her service as churchwarden at St. Mary’s. It is

All correct paperwork collated and seen by Revd Nick

Elections and appointments (VCC/PCC/Representatives)

50-100 =9 PCC members

100-200 = 12 PCC members (182)

200 – 300 = 15 PCC members

Elections to PCC

ASB – Linda Richards elected for the term 2025-2028

Yvonne Gibson to continue until 2027

Anne Palmer and Emma Hunter to continue until 2026

Treasurer – Joanne Wilkinson

STM – Robert Wivell to continue until 2027

Treasurer - Paul Hampson

STP - Fiona Robinson, Emma Hunter and Lyn Smith to continue until 2026 Treasurer – Fiona Robinson

VCC members

ASB Anne Palmer, Emma Hunter (1 year remaining)

Yvonne Gibbson and Linda Richards (2 years remaining)

STM David Coates and Rachel Ranby (1 year remaining)

Kate Kennedy, Barbara Neale, Paul Hampson and Judith Dahlgreen (2 years remaining)

Marcus Orton, Robert Wivell, Penny Stables, Rebecca Lobb, Steve Aston, Gloria Higgins and Simon Suter (3 years remaining)

STP Julia Newman, Fiona Robinson Audrey Fothergill, Anne Kilby, Janet Johnson and Emma Hunter (1 year remaining)

All correct paperwork collated and seen by Revd Nick

LW PCC.

Proposed by Paul Hampson Seconded by Steve Aston

Unanimously passed by all. PCC Members 11 in attendance

ASB VCC independent examiners or auditors Rupert Engley

STP VCC independent examiners or auditors – Angus Shaw

The appointment of Independent Examiners is devolved to VCC level.

The Chair proposes that the three independent examiners are appointed for our churches.

Annual Parochial Church Meeting

All in agreement they show a true record of proceedings

Reports

To receive reports as follows: (these are presented in written form and distributed prior to meeting).

ASB – Jillian Lawson 44 (41-2024 / 41-2023 / 37 – 2022 / 42-2021 / 41-2020)

STM – Paul Hampson 106 (133-2024 / 1220-02023 / 130-2022 / 132-2021 139-2020) STP – Lyn Smith 32 (48-2024 / 47-2023 / 46-2022 / 47-2021 / 47-2020)

The chair proposed that these reports are received as presented.

  - Unanimously passed by all.  PCC Members 11 in attendance

Thanks given to Janet McBride for her 18 years running The Ark, we look forward to what the future holds for Janet’s ministry.

Thanks given to Emma Hunter for her work as Safeguarding Officer.

Reflection on the reports, and commentary on all the roles within Lower Wharfe.

The chair proposed that these reports communicated a correct record of what was happening in the Parish. Unanimously passed by all. PCC Members 11 in attendance

Safeguarding

The PCC shall:

1) Adopt The House of Bishops ‘Promoting a Safer Church; safeguarding policy statement’. Adopting the House of Bishops "Promoting a Safer Church; safeguarding policy statement" cofe-policy-statement.pdf (churchofengland.org) ) –

As a PCC we adopt the House of Bishops "Promoting a Safer Church; safeguarding policy statement." We also agree to adopt and approved the Safeguarding policy, Policy of recruitment of ex-offenders, procedure for dealing with safeguarding allegations and concerns, lone worker policy, responding to domestic abuse policy and the benefice safeguarding privacy notice Proposed by Nick Morgan Seconded by Doreen Lister

• Unanimously passed by all. PCC Members 11 in attendance

Unanimously passed by all. PCC Members 11 in attendance

Training and DBS

• Holiday Club -

When – 23[rd] , 24[th] and 25[th] July 10am-1pm

Where – St. Mary’s Church Who – St. Mary’s Team

What - All God’s Creatures

A full risk assessment will be produced and relevant DBS checks and safeguarding training will have taken place prior to 23[rd] July

Are PCC are content with the planning of the Holiday Club and understand that without the required number of volunteers this will not go ahead

The PCC are content with the planning of the Holiday Club and understand that without the required number of volunteers this will not go ahead.

• Unanimously passed by all. PCC Members 11 in attendance

Policies across the Benefice

The following policies written by Revd. Nick, sent out prior to meeting for reading. The policies need to be reviewed and adopted yearly

Church complaints Policy, CCTV Policy, Health and Safety Policy, Conflicts of Interest Policy, Contracts / Pay Policy, Data Protection Policy, Disciplinary Policy, Equal Opportunities Policy, GDPR Policy, Legacy Policy , Lone Worker Policy, Risk Management Policy, Social Media Policy, Volunteering Policy and Whistleblowing Policy.

The chair proposes that the PCC adopts and implements the listed policies.

• Unanimously passed by all. PCC Members 11 in attendance

A PCC team to be selected, to oversee and be reflective on all Lower Wharfe Policies. Marcus Orton, Judith Dahlgreen and Revd Hannah volunteered for this role.

• Unanimously passed by all. PCC Members 11 in attendance

The Next Lower Wharfe PCC meeting will be held on Monday 23[rd] June at 7.30pm, St Peter’s Church.

SIDES PERSONS
ASB STM STP
Dolly Mullen
Val Moorcroft
Margaret Guy
Pat Allen
Alastair Atkinson
Alastair Bowie
Louise Bowie
David Coates
Judith Dahlgreen
Pete Etherington
Niki Hampson
Paul Hampson
Kate Kennedy
Janet McBride
Alastair Rattray
Chris Rattray
Penny Stables
Simon Suter
Vanda Walton
Anne Wivell
Robert Wivell
Audrey Fothergill
Sue Kitchen
Fiona Robinson
Angus Shaw

EUCHARISTIC MINISTERS

ASB STM STP
Andy Beaumont
Chips Browning
Molly Browning
Kate Lofthouse
Anne Palmer
Joy Bowers
Tony Bye
Pat Dickinson
Niki Hampson
Sheila Harper
Kate Kennedy
Janet McBride
Rachel Ranby
Penny Stables
Carole Thomas
Anne Wivell
Peter Wood
Doreen Lister

PARISH OF LOWER WHARFE

INCORPORATING THE CHURCHES OF

St Mary the Virgin; Boston Spa All Saints’; Bramham St Peters’; Walton

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2024

VICAR

Rev Nick Morgan

BANK

HSBC Plc. 11 North Street Wetherby LS22 6NT

INDEPENDENT EXAMINER

I Mortimer, Chartered Accountant

1

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTRY DEANERY: DIOCESE OF YORK

TREASURER’S REPORT

The Parish of Lower Wharfe incorporates the former Parishes of St. Mary The Virgin, Boston Spa, All Saints, Bramham and St. Peter’s, Walton. These accounts represent an amalgamation of the transactions of the three individual Churches for the year ended 31[st] December 2024

A bank account in the name of the Parish of Lower Wharfe is operated with HSBC Bank in Wetherby. Each Church continues to deal with its own finances through its own bank accounts and to be responsible for the payment of its own expenses including those due to the Diocese of York and the New Ainsty Deanery, under powers delegated to each Village Church Council (VCC) by the PCC of Lower Wharfe.

The financial statements of each Church have been approved by their respective VCCs at their Annual Meetings and what is shown on the following pages is a consolidation of those results.

TREASURER

2025

2

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTY DEANERY: DIOCESE OF YORK

Independent Examiners Report to the PCC of Lower Wharfe, Boston Spa

I report on the accounts of the church for the year ended 31 December 2024, which are set out on pages 4-14.

Respective responsibilities of Trustees and Examiner

The church’s trustees are responsible for the preparation of the accounts. The church trustees consider that an audit is not required for this year under Section 144(2) of the charities Act 2011 (the 2011Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity commissions. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given on whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiners Statement

Since the gross income for the year exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the act and my qualification is as shown below.

In connection with my examination, no matter has come to my attention:

………………………………………….

Mortimer & Co Chartered accountants

3

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTY DEANERY: DIOCESE OF YORK

STATEMENT OF FINANCIAL ACTIVITIES

For the Year Ended 31 December 2024

Notes Unrestricted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2024
£
Total
2023
£
INCOME AND
ENDOWMENTS
VoluntaryIncome 2(a) 133509 803 5365 139677 117861
Activities forgeneratingFunds 2(a) 19751 863 20614 18706
Income from investments 2(c) 2557 92 1915 4564 4614
Church Activities 2(d) 26127 26127 23365
TOTAL INCOME 181944 1758 7280 190982 164546
EXPENDITURE
Church Activities 3(a) 162988 2206 165194 179772
RaisingFunds 3(b) 2524 2524 1897
TOTAL EXPENDITURE 165512 2206 167718 181669
NET INCOME /
(EXPENDITURE) BEFORE
INVESTMENT GAINS
16432 (448) 7280 23264 (17123)
NET GAINS/(LOSS) ON
INVESTMENTS
1420 200 1620 4248
NET INCOME /
(EXPENDITURE)
17852 (448) 7480 24884 (12875)
EXCEPTIONAL ITEM –
Stonework
(8924)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS 17852 (448) 7480 24884 (21799)
Total funds brought forward 87096 32528 54947 174571 196370
Total Funds carried forward 104948 32080 62427 199455 174571

4

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

BALANCE SHEET

As at 31[st] DECEMBER 2024

Notes 2024
£
2023
£
FIXED ASSETS
Tangible 5 1 1
Investments -
Total 1 1
CURRENT ASSETS
Investments 6(a) 101295 99675
Debtors andprepayments 6(b) 19682 22664
Short term deposits 70993 52874
Cash at Bank 25748 38026
Total 217718 213239
LIABILITIES
Creditors amounts falling due within one
year
7 18263 38669
NET CURRENT ASSETS/ LIABILITIES 199455 174570
TOTAL ASSETS LESS CURRENT LIABILITIES 199456 174571
Creditors amounts fallingdue after oneyear
TOTAL NET ASSETS 199456 174571
PARISH FUNDS 9&10
Unrestricted 104949 87096
Restricted 32080 32528
Endowment 62427 54947
Total 199456 174571

5

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTY DEANERY SYNOD: DIOCESE OF YORK

Notes to the Financial Statements for the year ended 31 December 2024

ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 in accordance with the format of the model statements (accruals basis) set out in the church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the regulations ‘true and fair’ provisions. It is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting Charities (SORP (FRS102)).

ASSETS

Consecrated and Benefice Property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10 (2) (a) and (c) of the charities act 2011 such assets are not capitalised in the financial statements.

Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where sufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.

Tangible fixed assets for use by the charity

These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt.

Depreciation is calculated to write off the capitalised cost of fixed assets less their anticipated residual fair value over their estimated useful lives as follows:

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end.

Short term deposits

These are the cash held on deposit with the building or the bank.

6

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NOTES (Continued)

2. INCOME AND ENDOWMENTS

Unrestricted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2024
£
Total
2023
£
2(a) Voluntary Income
Planned Giving:
Gift Aid Donations 70193 70193 72912
Tax recoverable 25261 123 25384 22629
Other
Collections (Open
Plate)
13384 13384 9911
Donations 14671 680 15351 12409
CommunityFundgrant 5365 5365
Legacies 10000 10000
Total 133509 803 5365 139677 117861
2(b) Activities for
Generating funds
Parish Magazine
(advertising)
6807 6807 5020
Fundraising 12944 863 13807 13686
Total 19751 863 20614 18706
2(c) Income from
Investments
Dividends 1723 1723 1261
Bank and Building
Societyinterest
834 92 1915 2841 3353
Total 2557 92 1915 4564 4614
2(d) Income from
Church activities
Fees from Weddings
and Funerals
16774 16774 15502
Parish Magazine
(Sales)
1465 1465 1703
Coffee, refreshments
and sundries
3425 3425 3344
Rental Income 4463 4463 2816
Total 26127 26127 23365
Total Income 181944 1758 7280 190982 164546

7

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NOTES (Continued)

3. EXPENDITURE

Unrestri
cted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2024
£
Total
2023
£
3(a)Church Activities
Charitable Giving:
Church Overseas
Home Missions and church
societies
1569 1569 5290
Secular Charities 487 487 580
Total 2056 2056 5870
Other Church Expenditure:
Ministry: diocesanparish share 71985 71985 67985
Clergyexpenses 1195 1195 1078
Church RunningExpenses 19527 19527 27331
Repairs and maintenance 18997 18997 14499
Service Expenses 7565 7565 5962
SundaySchool & Youth Work
Church Magazine Costs 10255 10255 10557
Salaries and wages 19244 19244 18295
Café Church 4000 4000 2592
Printing,stationery& Sundries 7829 862 8691 5897
Live Streaming
Deanerycosts 335 335 334
Organ Costs and Scholarship 1344 1344 1000
Upkeep of Church Fabric
expenses – Endowment Fund
18372
Total 160932 2206 163138 174262
3(b)
RaisingFunds 2524 2524 1897
StewardshipCosts
Total 2524 2524 1897
Total Expenditure 165512 2206 167718 181669

8

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NOTES (Continued)

4. STAFF COSTS

Notes 2024
£
2023
£
Wages and salaries 21924 22010
Average number of employees 2 2

There were no material pension costs and no payments attached to Social Security Changes

5. FIXED ASSETS (Tangible)

Church
Equipment
£
Cost at 1stJanuary2024 50339
Additions at cost
Cost at 31stDecember 2024 50339
Total 50339
Depreciation at 1stJanuary2024 50338
Charge for theyear
Depreciation at 31stDecember 2024 50338
Total 50338
Net Book Value at 31st December2024 1

9

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

6(a) INVESTMENTS

2024 2023
£ £
Market value at 1stJanuary2024 99675 75428
Revaluationgain(loss) 1620 4247
Purchases 20000
Market Value at 31stDecember 2024 101295 99675

6(b) Debtors and prepayments (unrestricted funds)

2024 2023
£ £
Tax recoverable 3731 7078
Other debtors 15951 15586
Total 19682 22664

7 LIABILITIES

2024 2023
£ £
Amounts falling due in one year
(unrestricted funds)
2524 23675
Accruals for utilityand other costs 13868 14886
2025 Magazine income received in 2024 1871 108
Total 18263 38669

10

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

8 FUNDS

NOTE FUNDS: -

Restricted Funds represent (a) income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest and (b) donations and grants received for a specific object or invited by the PCC for specific objects for which they are given. Any balance remaining unspent at the end of an accounting period must be carried forwards as a balance of that fund.

The Endowment Fund represents an Endowment Trust the Capital of which is invested in Charifund Units and Charibond Shares and must be retained as a Capital Fund. The income is for the upkeep of the fabric of All Saints’ Church, Bramham.

Unrestricted Funds are general funds which can be used for PCC ordinary purposes.

11

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

9 SUMMARY OF FUND MOVEMENT

Balance at
1-1-2024
£
Incoming
Resources
£
Resources
Expended
£
Investment
Gains/(Losses)
£
Balance at
31-12-2024
£
Unrestricted
General funds
87096 181944 165512 1420 104948
Endowment fund
All Saints’,
Bramham
-Mayman Trust 54947 7280 200 62427
Restricted funds
St. Mary’s, Boston
Spa
-Organ fund 4188 809 1410 3587
-Lower Wharfe
Youth Fund
1470 15 396 1089
All Saints’,
Bramham
-Project
restoration fund
10347 37 10384
-Open Door 2089 753 400 2442
-ThackwrayTrust 2 2
-Organ repair
fund
8384 8384
St. Peter’s,
Walton
Cutter memorial
fund
699 699
Church building &
heatingfund
11 11
Tower and Fabric
fund
4786 4786
Parish share
contribution fund
552 144 696
Total 32528 1758 2206 200 32080

12

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

10 SUMMARY OF ASSETS BY FUND

Unrestricted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total 2024
£
Tangible
fixed assets
1 1
Current
assets
123211 32080 62427 217718
Liabilities:
amounts
falling due
in oneyear
18263 18263
Total 104948 32080 62427 199455

13

PARISH OF LOWER WHARFE

INCORPORATING THE CHURCHES OF

St Mary the Virgin; Boston Spa All Saints’; Bramham St Peters’; Walton

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2024

VICAR

Rev Nick Morgan

BANK

HSBC Plc. 11 North Street Wetherby LS22 6NT

INDEPENDENT EXAMINER

I Mortimer, Chartered Accountant

1

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTRY DEANERY: DIOCESE OF YORK

TREASURER’S REPORT

The Parish of Lower Wharfe incorporates the former Parishes of St. Mary The Virgin, Boston Spa, All Saints, Bramham and St. Peter’s, Walton. These accounts represent an amalgamation of the transactions of the three individual Churches for the year ended 31[st] December 2024

A bank account in the name of the Parish of Lower Wharfe is operated with HSBC Bank in Wetherby. Each Church continues to deal with its own finances through its own bank accounts and to be responsible for the payment of its own expenses including those due to the Diocese of York and the New Ainsty Deanery, under powers delegated to each Village Church Council (VCC) by the PCC of Lower Wharfe.

The financial statements of each Church have been approved by their respective VCCs at their Annual Meetings and what is shown on the following pages is a consolidation of those results.

TREASURER

2025

2

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTY DEANERY: DIOCESE OF YORK

Independent Examiners Report to the PCC of Lower Wharfe, Boston Spa

I report on the accounts of the church for the year ended 31 December 2024, which are set out on pages 4-14.

Respective responsibilities of Trustees and Examiner

The church’s trustees are responsible for the preparation of the accounts. The church trustees consider that an audit is not required for this year under Section 144(2) of the charities Act 2011 (the 2011Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity commissions. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given on whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiners Statement

Since the gross income for the year exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the act and my qualification is as shown below.

In connection with my examination, no matter has come to my attention:

………………………………………….

Mortimer & Co Chartered accountants

3

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTY DEANERY: DIOCESE OF YORK

STATEMENT OF FINANCIAL ACTIVITIES

For the Year Ended 31 December 2024

Notes Unrestricted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2024
£
Total
2023
£
INCOME AND
ENDOWMENTS
VoluntaryIncome 2(a) 133509 803 5365 139677 117861
Activities forgeneratingFunds 2(a) 19751 863 20614 18706
Income from investments 2(c) 2557 92 1915 4564 4614
Church Activities 2(d) 26127 26127 23365
TOTAL INCOME 181944 1758 7280 190982 164546
EXPENDITURE
Church Activities 3(a) 162988 2206 165194 179772
RaisingFunds 3(b) 2524 2524 1897
TOTAL EXPENDITURE 165512 2206 167718 181669
NET INCOME /
(EXPENDITURE) BEFORE
INVESTMENT GAINS
16432 (448) 7280 23264 (17123)
NET GAINS/(LOSS) ON
INVESTMENTS
1420 200 1620 4248
NET INCOME /
(EXPENDITURE)
17852 (448) 7480 24884 (12875)
EXCEPTIONAL ITEM –
Stonework
(8924)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS 17852 (448) 7480 24884 (21799)
Total funds brought forward 87096 32528 54947 174571 196370
Total Funds carried forward 104948 32080 62427 199455 174571

4

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

BALANCE SHEET

As at 31[st] DECEMBER 2024

Notes 2024
£
2023
£
FIXED ASSETS
Tangible 5 1 1
Investments -
Total 1 1
CURRENT ASSETS
Investments 6(a) 101295 99675
Debtors andprepayments 6(b) 19682 22664
Short term deposits 70993 52874
Cash at Bank 25748 38026
Total 217718 213239
LIABILITIES
Creditors amounts falling due within one
year
7 18263 38669
NET CURRENT ASSETS/ LIABILITIES 199455 174570
TOTAL ASSETS LESS CURRENT LIABILITIES 199456 174571
Creditors amounts fallingdue after oneyear
TOTAL NET ASSETS 199456 174571
PARISH FUNDS 9&10
Unrestricted 104949 87096
Restricted 32080 32528
Endowment 62427 54947
Total 199456 174571

5

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NEW AINSTY DEANERY SYNOD: DIOCESE OF YORK

Notes to the Financial Statements for the year ended 31 December 2024

ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 in accordance with the format of the model statements (accruals basis) set out in the church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the regulations ‘true and fair’ provisions. It is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting Charities (SORP (FRS102)).

ASSETS

Consecrated and Benefice Property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10 (2) (a) and (c) of the charities act 2011 such assets are not capitalised in the financial statements.

Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where sufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.

Tangible fixed assets for use by the charity

These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt.

Depreciation is calculated to write off the capitalised cost of fixed assets less their anticipated residual fair value over their estimated useful lives as follows:

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end.

Short term deposits

These are the cash held on deposit with the building or the bank.

6

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NOTES (Continued)

2. INCOME AND ENDOWMENTS

Unrestricted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2024
£
Total
2023
£
2(a) Voluntary Income
Planned Giving:
Gift Aid Donations 70193 70193 72912
Tax recoverable 25261 123 25384 22629
Other
Collections (Open
Plate)
13384 13384 9911
Donations 14671 680 15351 12409
CommunityFundgrant 5365 5365
Legacies 10000 10000
Total 133509 803 5365 139677 117861
2(b) Activities for
Generating funds
Parish Magazine
(advertising)
6807 6807 5020
Fundraising 12944 863 13807 13686
Total 19751 863 20614 18706
2(c) Income from
Investments
Dividends 1723 1723 1261
Bank and Building
Societyinterest
834 92 1915 2841 3353
Total 2557 92 1915 4564 4614
2(d) Income from
Church activities
Fees from Weddings
and Funerals
16774 16774 15502
Parish Magazine
(Sales)
1465 1465 1703
Coffee, refreshments
and sundries
3425 3425 3344
Rental Income 4463 4463 2816
Total 26127 26127 23365
Total Income 181944 1758 7280 190982 164546

7

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NOTES (Continued)

3. EXPENDITURE

Unrestri
cted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total
2024
£
Total
2023
£
3(a)Church Activities
Charitable Giving:
Church Overseas
Home Missions and church
societies
1569 1569 5290
Secular Charities 487 487 580
Total 2056 2056 5870
Other Church Expenditure:
Ministry: diocesanparish share 71985 71985 67985
Clergyexpenses 1195 1195 1078
Church RunningExpenses 19527 19527 27331
Repairs and maintenance 18997 18997 14499
Service Expenses 7565 7565 5962
SundaySchool & Youth Work
Church Magazine Costs 10255 10255 10557
Salaries and wages 19244 19244 18295
Café Church 4000 4000 2592
Printing,stationery& Sundries 7829 862 8691 5897
Live Streaming
Deanerycosts 335 335 334
Organ Costs and Scholarship 1344 1344 1000
Upkeep of Church Fabric
expenses – Endowment Fund
18372
Total 160932 2206 163138 174262
3(b)
RaisingFunds 2524 2524 1897
StewardshipCosts
Total 2524 2524 1897
Total Expenditure 165512 2206 167718 181669

8

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

NOTES (Continued)

4. STAFF COSTS

Notes 2024
£
2023
£
Wages and salaries 21924 22010
Average number of employees 2 2

There were no material pension costs and no payments attached to Social Security Changes

5. FIXED ASSETS (Tangible)

Church
Equipment
£
Cost at 1stJanuary2024 50339
Additions at cost
Cost at 31stDecember 2024 50339
Total 50339
Depreciation at 1stJanuary2024 50338
Charge for theyear
Depreciation at 31stDecember 2024 50338
Total 50338
Net Book Value at 31st December2024 1

9

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

6(a) INVESTMENTS

2024 2023
£ £
Market value at 1stJanuary2024 99675 75428
Revaluationgain(loss) 1620 4247
Purchases 20000
Market Value at 31stDecember 2024 101295 99675

6(b) Debtors and prepayments (unrestricted funds)

2024 2023
£ £
Tax recoverable 3731 7078
Other debtors 15951 15586
Total 19682 22664

7 LIABILITIES

2024 2023
£ £
Amounts falling due in one year
(unrestricted funds)
2524 23675
Accruals for utilityand other costs 13868 14886
2025 Magazine income received in 2024 1871 108
Total 18263 38669

10

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

8 FUNDS

NOTE FUNDS: -

Restricted Funds represent (a) income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest and (b) donations and grants received for a specific object or invited by the PCC for specific objects for which they are given. Any balance remaining unspent at the end of an accounting period must be carried forwards as a balance of that fund.

The Endowment Fund represents an Endowment Trust the Capital of which is invested in Charifund Units and Charibond Shares and must be retained as a Capital Fund. The income is for the upkeep of the fabric of All Saints’ Church, Bramham.

Unrestricted Funds are general funds which can be used for PCC ordinary purposes.

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PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

9 SUMMARY OF FUND MOVEMENT

Balance at
1-1-2024
£
Incoming
Resources
£
Resources
Expended
£
Investment
Gains/(Losses)
£
Balance at
31-12-2024
£
Unrestricted
General funds
87096 181944 165512 1420 104948
Endowment fund
All Saints’,
Bramham
-Mayman Trust 54947 7280 200 62427
Restricted funds
St. Mary’s, Boston
Spa
-Organ fund 4188 809 1410 3587
-Lower Wharfe
Youth Fund
1470 15 396 1089
All Saints’,
Bramham
-Project
restoration fund
10347 37 10384
-Open Door 2089 753 400 2442
-ThackwrayTrust 2 2
-Organ repair
fund
8384 8384
St. Peter’s,
Walton
Cutter memorial
fund
699 699
Church building &
heatingfund
11 11
Tower and Fabric
fund
4786 4786
Parish share
contribution fund
552 144 696
Total 32528 1758 2206 200 32080

12

PAROCHIAL CHURCH COUNCIL OF LOWER WHARFE

10 SUMMARY OF ASSETS BY FUND

Unrestricted
funds
£
Restricted
Funds
£
Endowment
Funds
£
Total 2024
£
Tangible
fixed assets
1 1
Current
assets
123211 32080 62427 217718
Liabilities:
amounts
falling due
in oneyear
18263 18263
Total 104948 32080 62427 199455

13