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 re￿iVed 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