St Margaret's Church, Horsforth Annual Report and Financial Statements of the Parochial Church Council for the year ended 31" December 2024 Incumbent: Revd Nigel Sinclair The Vicarage Hall Park Avenue Horsforth Leeds LS18 SLY
st Margaret's Church - Annual Report for 2023 Background The Parochial Church Council (PCC) works with the Team clergy to promote the whole mission of the church; pastoral, evangelistic, social and ecumenical. The PCC also has maintenance responslblllties for St Margaret's Church and for the Parish Centre, which is attached to the church and houses the Parish Office. Membership Members of the PCC may be ex-officio, elected by the Annual Parochial Church Meetlng, or co-opted for a speclflc role. Durlng 2023 the following served as members of the pcc:_ Incumbent,. Revd Nigel Sinclair Chair Churchwardens,. Ms Amonda 8radley Mrs Joanne Hoare Deanery Representatives Ms Linda Jepson Mrs Joonne Hoare 2026 Deanery Synod Rep 2026 DeGnery Synod Rep Elected Members., Mr Andrew Paterson 2025 Mrs Diane Childs 2025 Mrjohn Porter 2025 Ms Amanda Brodley 2026 1" Mr Justin Ware 2026 Mrs Maggie Ware 2026 Mr David Bradley 2027 2, Mr5 Judy McDonnell 2027 Mrs Julie Hart 2027 1" Mrs Daryl Kelly 2027 1, (Treasurer) The Vislon of St Margaret's Church is; To be a vlbrant Chrlstlan communityi worshipping God and belng nourlshed and challenged spirltually; To be a body of people who welcome all and care in practical ways. and Who share the love, truth and power of God wlth the wider community in ways relevant for today's world.. St Margaret's is part of the Abbeylands Team, formed in June 2011, comprising the parishes of Hawksworth Wood with Moor Grange, Horsforth and Kirkstall. The Revd Nigel Sinclair is Team Rector with speclfic responslbility within the Team for St Margaret's.
Committees The PCC operates through a number of committees, which meet at least once a year and report back to full meetings of the PCC: standing.. makes decisions, if required, between regular PCC meetings and also draws up PCC agendas Building Management.. oversees the maintenènce of the church, Parlsh Centre & Church Hall Environment.. developlng and implementing an Environmental Pollcy Finance,. draws up the budget and, under the guidance of the Treasurer, oversees the financial affairs of St Margaret's Horsforth Community Assets Project.. oversees the non-confesslonal community work of St Margaret's Church Environment Group Promotes climate action and works towards CofE target of net zero by 2030 Worship discusses & plans worshlp Church worshlp The usual weekly pattern of services Is: Sunday.. 8.00am Holy Communion (Suspended during COVID) IQ. 00am Morning Servlce The service is either Holy Communion, a Family Service or Morning Worship Junior Church Is held In the Parlsh Centre Baptisms are held monthly at a separate service in the afternoon and occasionally In the main service. . Wednesday 10. 00am Holy Communion Electoral Roll Report The parish's Electoral Roll prepared for the 2025 Annual Parochial Church Meeting is a completely new roll, rather than a revision of the existing roll, and as such shows significant changes from last year. The number of people on the Electoral Roll this year is 97. Of these, 55 are resident in the parish and 42 are resident outside the parish. At the APCM in May 2024 there were 132 members. Since then 22 new names have been added to the roll and 57 names removed.
Review of the Year Buildin The year was dominated by work to repair the chancel which Gontinued to be frustratingly slow. Temporary screens were erected to shield the work with a full- sized photo of the reredos screening the ChanGel and a history of the church on the Lady Chapel screen. Various surveys, reports and discussions took place over the year and prepared the ground for decisions on how to rectify the problems to be taken in early 2025. The organ was completely removed and stored, to be re-installed once the floor is stabalised. This revealed asbestos sheeting in the Tower which was safely removed. Two holes in the Nave roof were repaired and the drains were surveyed and repaired. Environment The PCC and the Environment Group continued their work towards the Church of England's 2030 Net Zero target. This included information for church members, liaising with other groups, running a 'toiletries amnesty,, installing electric driers in the Parish Centre and obtaining permission for new low power floodlights All this work was recognized through being awarded the Silver Eco Award for churches. Worshi Attendance continued to slowly recover after Covid. Having surveyed the congregation we continued to use individual cups at communion. We had a number of occasional organists & pianists during the year but most music was led by Spotify recordings. Following the loss of a robed choir a small number of singers helped lead singing led by Peter Lodge. Communit The Horsforth Community Assets Project continued to lead most of our community work, including the Community Café, Natter Café, Ukrainian refugee support and the Food Pantry. It distributed Household Support Fund grants and co-ordinated Welcome Spaces in Horsforth. In February we appointed Claire Evans as our HCAP Manager and in June took over the final year of her contract as Asset Based Community Development Worker for Horsforth. In the summer the Food Pantry was able to relocate to a newly built premises at St James and continued to run as a joint project for the whole of Horsforth. In October we hosted a Celebration of our Community in Church with displays from a variety of community groups. Other events in church included: Men's Minds Matter Day; an Artizan Intemational Charity Concert; an exhibition of Monopoly games,. and the Christmas Farmers, Market
Finance Our accounts are complicated by the building works and the Community funds we administer. Once these are taken out it becomes clearer that our regular income & expenditure has become heavily reliant on donations & legacies as shown below.. 'INCOME i Regular donations Opeii plate collectlons i GlftAld recoveTed Donatlons Grants & Legacles Interest recelved Fees for weddin8s and luiierals Parlsli Centre reiital Income Fuiidralslng & rento1 Income EXPENDITURE 40.044 Parish share 94237 25584 42994 8949 Cl)urch actlvltles Chui'cli Yunning costs Parlsh Centre costs 12,375 72,855 13,189 1,705 28,437 7,817 Total Income 182.266 Total Expendlturo 171764 Deaner nod There were three meetings of Deanery Synod in 2024 A new Deanery Synod Vision was adopted. The October meeting took place at St Margaret's with a presentation on the work of the Diocesan Children, Young People & Families Team. Safe uardin St Margaret's takes its responsibility for safeguarding The PCC has complied with the duty to have "due regard" to the House of Bishops, guidance in relation to safeguarding and all the actions recommended have been carrled out. AII PCC members and those working with children & vulnerable adults have been DBS checked and appropriately trained. This included providing face-to-face tralnlng sesslons particularly for Afternoon Tea volunteers, led by our Safeguarding Officer, Rozel Daltrey. We continued to work through the stages of the online Church of England 'Safeguarding Dashboard,. which helps guide us through the changing requirements of safeguarding and produces a 'Safeguarding Action Plan, for every PCC meeting. No safeguarding incidents were reported to the PCC in 2024.
St. Margaret's Church, Horsforth Registered Charity Number 1132085 Financial Statements for the Year Ended 31st December 2024 STATEMENT OF FINANCIAL ACTIVITIES 2023 Notes Unrestricted Restricted Endow. Funds Funds ments 2024 Incoming Resources 255, 799 Voluntary income 101, 503 Church activities 43,134 Activities for generating funds 4,425 Investment income 404,861 Total Incoming Resources 79,390 1,705 37,241 13,189 131,525 51,729 79,505 2,038 131,119 81,210 39,279 13,189 264,797 133,272 Resources Expended 180, 677 Church activities 102,837 Church running costs 11,188 Pan'sh Centre costs 220 Costs of generating funds 294,922 Total Resources Expended 119,784 36,329 8,949 37 165,099 58,160 47,852 177,945 84,181 8,949 37 271,112 106,012 109,940 Net movement in funds {33,5741 27,260 16,3151 338,806 Balances brought fomard on1 January 448,746 Balances carried fomard on 31 December 236,771 203,197 211,640 238,900 335 335 448,746 442,431 Page I
St. Margaret's Church, Horsforth Registered Charity Number 1132085 Financial Statements for the Year Ended 31 st December 2024 BALANCE SHEET AT 31 DECEMBER 2024 Total 2023 Notes Unrestricted Restricted Endow. Funds £ Funds £ ments £ 2024 TANGIBLE FIXED ASSETS 58, 957 Church equipment 58,951 51,772 51,772 51,772 CURRENT ASSETS Cash at Bank and in Hand 106, 604 CBF general account 177,399 Virgin Money current account 18.333 Virgin Money Horsforth Community Action Prjcl 1,545 Loan as guaianlor 82,176 United Trust Bank 328 Flower Fund and Tea Party 120 Cash & cheques in hand 386,505 8,604 56,936 140,000 64,280 34,23S 146,604 121,551 34,236 1,545 85,823 384 120 390,063 335 1,545 85,623 384 120 150,828 238,900 335 Debtors 2,974 Gift Aid repayrnenls due from HMRC 360 Parish Centre letting fees due 596 596 3,334 596 596 Current Liabilities PAYE and pension Creditor re parish centre lellings Collections for chaiilies Total Llabilities 389.839 NET CURRENT ASSETS 151,424 238,900 335 390,859 448 746 TOTAL NET ASSETS 203,196 238,900 Approvgd by the Parochlal Church Councll on Ilh April 2025 and slgnad on Its behalf by 335 442,431 Rev. Nigel Sinclair D Kelly Hon Treasurer R8Ctor Page 2
Margaret's Church, Horsforth Re8lStered Chartty Number 1132085 Financial Ststements for the Year Ended 31st December 2024 INCOMING RESOURCES 2024 2023 Unrestricted Restricted Funds Funds Total 2024 Voluntary Income Gift Aided giving oth81 planned giving Open plate colle¢tions Donations, grants & legacies Gifl Aid recovered 47,561 5, 65Q 2, 736 195,413 70,439 255, 799 33,909 6,136 5,844 21,126 12,375 79,390 33,909 6,136 5,844 72,855 12,375 131,119 51,729 51,729 Church Actlvltles Fees for weddings and funerals Insurance claims Horsforlh Climate Action Community CafèlHCAPIPantry Flower Fund and Tea Paily 6,256 38,493 20,824 34,413 1,517 101,503 1,705 1,705 20,966 57,082 1,457 79,505 20,966 57,082 1,457 81,210 1,705 Actlvltles for Generatlng Funds Lelling fees from Parish Centre Events and concerts in church Other fundraising activities Ofgem re ground source h8aling 3.4 28,035 13,297 1,802 28,437 7,817 988 28,437 7,817 988 2,038 39,279 2,038 2,038 43, 734 37,241 Investment Income Interest & dividends 4,425 4,425 13,189 13,189 13,189 13,189 404,861 Total Incoming Resource8 131,525 133,272 264,797 Page 3
St. Margaret's Church, Horsforth Registered Charity Number 1132085 Financial Statements for the Year Ended 31st December 2024 RESOURCES EXPENDED 2024 2023 Notes Unrestricted Restricted Fund$ Funds 2024 Church Activities Parish share of diocesan costs Team Councll & other dues Fees p8ld for weddings and funerals Services & pastoral Music, choir & organist Office & adminislralion Photocopying & printing Grants & donations made Bank charges Events & concerts in church Horsforth Climate Action Community CafélHCAPIPanlry Flower Fund and T8a Party 106613.00 1,433 375 2,822 3, 748 10,458 1,219 12,019 19 595 17,162 23,025 1,188 180677.00 94,237 535 482 2,155 2,129 15,113 1,715 3,000 94,237 535 482 2,155 2,129 15,113 1,715 5,914 2,914 419 419 18,471 35,432 1,343 177,945 18,471 35,432 1,343 58,160 119,784 Church Running Costs Gas Eleclriclly Water Insurance Storage garage rental General maintenance Caretaking & cleaning Bullding & related work Equipment & improvements Organ tuning & repairs Depiecialion of church equipment Sundry payments 11,647 7,939 305 6,755 601 5, 776 5,406 42,059 18,686 3,079 18,686 3,079 6,492 655 987 6,092 6,492 655 987 6,092 41,857 337 41,857 337 16,071 6,878 5,995 5,995 102,831 36,329 47,852 84,181 Parish Centre Costs Healing, maintenance & administration Equipment & improvements 8,882 4,306 71,188 8,949 8,949 8,949 8,949 Costs of Generating Funds Other fund-raising event costs 220 220 37 37 37 37 294,921 Total Resources Expended 165,099 106,012 271,112 Page 4
St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2024 1. ACCOUNTING POLICIES Basis of Financial Statements The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)). The financial statements have been prepared under the historical cost convention. The statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. Fund Accounting Unrestricted funds are income funds which can be spent on the general purposes of the PCC. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Designated funds are general funds set aside by the PCC for use in the future for specific projects or purposes. They remain unrestricted and the PCC may move any surplus to other general funds. Endowment funds are funds of which the capital must be retained either permanently or at the PCC'S discretion. The income derived from the endowment is to be used either as restricted or unrestricted income funds, depending on the purpose for which the endowment was established in the first place. Incoming Resources Planned giving, collections and similar donations are recorded when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross. Page 5
St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2024 Resources Expended Grants and donations by the PCC are accounted for when paid over or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed Assets Consecrated and benefice property is not included in the accounts, in accordance with sections 10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings that are held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property. A register is currently being compiled of the church's inventory. This is the eighth year that the church equipment has been depreciated. A rate of 200/(Tr of the reducing balance has been adopted. 2. NOTES ON THE BALANCE SHEET 2.1 Church equipment is valued after depreciation, as shown in Section 8 below. 2.2 A separate bank account continues to operate to manage the income and expenditure relating to the Pantry, Horsforth Community Action Project and the Community Café. 2.3 St. Margaret's loaned a returnable deposit as guarantor for a rented house. 2.4 Petty cash float £120. 3. INCOMING RESOURCES 3.1 Donations received include an anonymous gift from a parishioner of £50,000 and two legacies of £10,000 each. 3.2 The Horsforth Climate Action group continues with the PCC providing administrative support. During the year £8,000 was received to fund group activities and £12,996.42 to cover the support worker's salary and associated costs. Page 6
St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2024 3.3 Horsforth Community Action Project and Community Café activities continue and in addition a Community Pantry has been established. The location and management of the Pantry wa8 transferred to St James Church, Low Lane on 31st December 2024. HCAP Income and Expenditure Account As at 31 December 2024 INCOME b/fwd 2023 Household Support grant income for Food and Fuel Welcome Spaces grant income Leeds 2023 grant income ABCD income ABCD Celebration Event allocation ABCD Expenses allocation Gra nts rea Ilocated Listening Well grant Other Admin element of grants Inon-pantry) Community Café Community Pantry Inon-foodl Community Pantry Ifoodl 18,334 9,468 3,900 550 7,330 1,500 2,606 4,000 1,100 214 3,765 2,680 979 9,835 47,927 EXPENDITURE Household Support {food vouchers, fuel, ovens} Welcome Spaces (Churches and Community spaces) Leeds 2023 grant transferred to Admin ABCD (including Walk of Art, Town Of Sanctuary, Friends of Hall Parkl ABCD Celebration Event ABCD Expenses Natter Café Grants reallocated Listening well events Other Community Café Community Pantry IFood} 10,612 250 750 4,066 1,068 123 -28 4,440 660 46 84 9,954 32,025 c/hNd 34,236.45 Page 7
St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2024 3.4 The entry in respect of Ofgem is in respect of the feed in tariff reiVed from Ofgem for the ground source heating in the Parish Centre. This amount is credited to the Long Term Reserve account. 4.RESOURCES EXPENDED Grants and Donations - during the year the following donations were given out Sand Dams International £1,000 Martin House Childrens, Hospice £1,000 Artizan International £1,000 Total Money raised for restricted purposes through funeral collections, raffles and special appeals is not included in these accounts. Staff Costs are included in the accounts as parts of the relevant major costs. We employed seven part-time staff during the course of the year.. two church administrators, one church caretaker, two Parish Centre cleaners, a support worker for Horsforth Climate Action and an administrator for Horsforth Community Action Project. The total employment costs for the year were £42,904. Payments to members of the Parochial Church Council No members of the PCC received any remuneration in the year to 31 December 2024. 5. RESTRICTED FUNDS 31 Dec 2023 £350 £430 £735 Fund Title Lad Cha el Gates Fund Flower Fund and Tea Part Parishioner rental fund 31 Dec 2024 £350 £328 £735 £1.515 Total Page 8
St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2024 6. ENDOWMENT FUNDS 31 Dec 2023 Fund Title The Bells Fund, the HH Newton Fund, the H Hutchinson Memorial Fund and the H Cla on Memorial Fund 31 Dec 2024 £335 £335 7. DESIGNATED FUNDS Unrestricted funds set aside in 2016 by the Parochial Church Council for specific purposes,. Funds used in the year £34,404 £ 136 Fund Title January 2016 1 January 2023 31 December 2024 Building Fund Outreach and Mission Fund £200,000 £100,000 £358,880 £ 87,309 £324,476 £87,173 Long Temi Reserve Total designated reserve funds £100,000 £400,000 £ 53,394 £499,583 { £ 2,038) £32,502 £ 55,432 £467,081 8. FIXED ASSETS Tangible Fixed Assets (Unrestricted) Depreciation of church equipment is charged at 20 % of the net book value at the start of the year and additions during the year. The ground source heating for the Parish Centre will be depreciated over 20 years. Ground Source Heating Church Equipment Total Cost At 1 January 2024 Additions during the year 31 December 2024 49,243 147,731 196,974 49,243 147 731 196,974 Depreciation At 1 January 2024 Charge for the year Total to 31 December 2024 7,949 2,462 10,411 131.258 3,533 134,791 139,207 5,995 145,202 Net Book Value At 31 December 2024 38,832 q2,940 51,772 At 37 Decetnber 2023 41,294 76473 57767 Page 9
St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2024 9. RESERVES The policy of the Parochial Church Council is to attempt to maintain a reserve of unrestricted funds equivalent to six months, normal expenditure, in order to smooth out fluctuations in cash flow and to meet emergencies. At the end of 2024, the unrestricted funds available provided a resenie well in excess of the target. Page 10
PAROCHIAL CHURCH COUNCIL OF ST. MARGARET'S CHURCH, HORSFORTH Independent Examiner's Report to the members of St Margaret's Church, Parochial Church Council I report on the accounts for the year ended 31 December 2024 which are set out on pages 1 to 10, RESPECTIVE RESPONSIBILITIES OF PCC AND EXAMINER The members of the PCC are responsible for the preparation of the accounts and they consider that an aud it is not required for th is year under section 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is required, It is my responsibility to. Examine the accounts under section 145 of the 2011 Act, Follow the procedures laid down in the General Directions given by the Charity Commissioners section 14515llbl of the 2011 Act.. and State whether Darticular matters have come to mv attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the General Directions given by the Charity Commissiop,. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those of the records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the managing committee concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an opinion as to whether a true and fair view is given by the accounts and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matters have came to my attention,. 11) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s,130 of the 2011 Act., or to prepare accounts which accord with the accounting record5 and camply with the accounting requirements of the 2011 Act have not been met., or {21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Jenna Taylor FMAAT FCCA Walker Taylor Accountancy Services Ltd Prestige Court Beza Rd Leeds LS10 2BD Dated.. 14th April 2025 Page11