THE CHURCH OF ENGLAND Di()Lese nf Ilciih & Wel Is Lord, you have been our dwelling place in all generations. (Psalm 90.1)" The Parochial Church Council of the Parish of Yatton Moor Annual Report & Financial Statements For the year ended 31 December 2024
Yatton Moor Parish Report of the PCC For the year ended 31 December 2024 THE YATTON MOOR PCC has a responsibility. with the Team clergy. to consulttogether on matters of general concern and importance to the parish. The church is called to be pastoral- to look after individual people; to be engaged in mission - telling the Good news, nurturing new believers. to respond to human need with loving service; to seek to challenge unjust structures. and to strive to safeguard the integrity of creation. and to be ecumenical- to encourage good relations with other Christian denominations. The PCC is responsible for the maintenance and repair of the churches of St Mar¢s, St John's, and All Saints,, and for the movables in the churches and for the churchyards at All Saints. and St. John's. The objective of Yatton Moor PCC is to fulfil its aim and purpose through its activities. In so doing it Is mindful of three factors: As Christians we believe we cannot fulfil our objectives without the guidance and work of God's Holy Spirit at work within us. It would not be possible to achieve our objectives without the considerable contribution of volunteers Within the life of the church and the PCC is grateful to them for all that they do. The encouragin& supporting and equipping of laity in the churches remains a prioritv. The PCC has had regard to the Charity Commission public benefit guidance. where relevant. An outline of activities and achievements of the past year are highlighted under the following headings below. Further specific details of activities may be given at the Annual Parochial Church meetings. Staffing Safeguarding Worship and prayer Mission. including Links with schools and young people Care of Church buildings Open Churches and Occasional Offices Finance Charitable Giving The last parish Rector. Revd rim Scott left in May 2022 and ourTeam of five churche5 {the three churches ofthe Yatton Moor parish, and the two churches of the Cleeve with Claverham parish) is moving from having two full- time stipendiary priests plus one house-for-duty priest to having a single stipendiary priest and one house-for- duty priest. With no qualified applicants in response to repeated advertisements, we have followed Bishop Michael's guidance in beginning the process of changing from a 'team' ministry to a 'group' ministry. A full-time stipendiary priest will be in charge of Yatton Moor. and a 'hou5e-for-dut¢ priest will becorne the incumbent of Cleeve with Claverham. The two will be expected to work together, and we will continue to share common resources, especially one part time administrator. Both parish profiles have been rewritten and the two posts advertised {Feb 20251. We are very grateful to those who committed significant time and effort to this process.
Yatton Moor Parish Report of the PCC For the year ended 31 December 2024 l. Staffing The Yatton Moor parish employs a total of 12 staff- 7 Pre-school staff, l Team Administrator, 3 organists/keyboard players and l Music Leader. In addition to the employed staff there are.. l Lay Worship Assistant (holding the Bishop's Commendation}. 2 Pastoral Assistants Iholding the Bishop's Commendation), l Licensed Reader, and 3 retired clergy. We have also been supported by retired Bishops Mike Hill and Alastair Redfern. 2. Safeguarding We continue to have in place a strong team of Safeguarding Officers across the Team and we thank them all. We have a clear process of Safer Recruiting within the Team and continue to work within the guidelines of the House of Bi5hop5' Safeguarding Policy and Practice Guidance. All necessary procedures for ensuring safer recruiting, DBS checks and training are in place and are carried out. At the end of last year. Bath & Wells Diocese changed its DBS provider to Thirtyone.'Eight, which has been providing high-level support and guidance on DBS matters to the safeguarding officers. 3. Worship and prayer The ongoing life ofworship and prayer has continued throughouttheyear, with one or two services each Sunday across Kenn and Kingston Seymour, and a Sunday service each week at St Marys, except for combined team th services on 5 Sundays in a month. Services marked Ash Wednesday, Holy week. Ascension. and Christmas as usual. Morning Prayer online on two days a week continued to provide a valued opportunity for 6- 10 people acros5 the five churches to pray together. Services have been divided about equally between eucharistic worship. and services of the word. with 'AII togetherf setvices for families at Kenn and Kingston. Non-eucharistic worship has been led by both clergy and lay leaders. Regular worshippers lat least once per monthl for the three churches total 125, compared with 143 in 2023. Some of this decrease is sadly due to the deaths of church members, but some must reflect the strain of a long vacancy- well over two years at the end of 2024. 4. Mission Our churches have emphasised being places of welcome and worship. 'All Together ' services and festival services at Kingston Seymour and Kenn have continued to include some families with children. Families with children are not regularly seen at st Marfs. but we have seen two new adults attending. Hospitality has been a hallmark of our mission and provides a way of linking with a wider section of our community. All Saints, held regular cream teas from Easter to the autumn and social events such as a Burns night. These both raise funds and connect people with their church. St Marys held monthly coffee mornings. The 'warm welcome, after school group at St Marfs has continued with 4- 8 children and a regular group of mothers.
Yatton Moor Parish Report of the PCC For the year ended 31 December 2024 St Marfs Pre-school has continued to serve the community with its Staff providing suitable activities Monday to Friday mornings during term time. Links with Yatton Schools continued to be expressed by the school using St Mary's for several services through the year. Three volunteers from our parish are now regularly part of the Yatton 'Open the book, team, running Bible story telling assemblies fortnightly during term time. This activity is organised together with the Yatton Methodist church. Link5 have yet to be formed with the new Chestnut Park school. Monthly services have been conducted at the Strawberry Gardens assisted living home. at Yatton Hall and at Somerset House. Choir groups from two of our churches sang carols at four such places, and two pubs in the weeks before Christmas. A wide range of pastoral work has been done by Lay Pastoral Assistants, retired clergy and by volunteers, including home communion for the sick and into care homes; visits and prayers with those at the end of life- and the unsung checking on each other that is part of our care for each other. The Yatton and Winscombe Chorale la group recognised as a 'PCC activiWI have continued to meet and practice in St Mary's Chapter House. They held a very special concert marking Advent at St Marys in December 2024. 5. Care of the church buildings There has been active work at each of the Yatton Moor Parish churches to care for the buildings. St Marys continues to be troubled with unfixed roof leaks. although causes are reasonably well under- stood. at the time of writin& our architect John Redfern is still being pressed to come up with a speci- fication for works. All Saints slate to chancel and vestry roof has had a major overhaul. Stjohn's church has not needed majorwork. Plans are progressingto makethe entrance doorway more welcoming. 6. Open churches and occasional offices. We pay tribute and give thanks to many people including those who open and lock up, keep the buildings clean, those who provide and arrange flowers, those who change seasonal furnishings and to the bell ringer5. The St Mary'5 churchyard volunteer group continue to meet monthly to maintain aspects of the churchyard not covered by North Somerset Council,. volunteers / working parties also care for the churchyards at Kingston Seymour and Kenn. All these things make the church buildings places of welcome for people whether they come for quiet reflection, as a visitor to the heritage. to a milestone event or for regular worship. Many people notice how, when they are in church for cleaning or other duty. visitors will drop in. These places of worship are valued and appreciated by far more people than attend church Servi5. During the past year we have had a number of'occasional offices" across the team- Baptisms-Total: 6: {Yatton4, KIS-I, Kenn-11 Funerals-Total 14: {Yatton-8. K154. Kenn-21 Weddings-Total 4: {Yatton-I, VS-2, Kenn- 11
Yatton Moor Parish Report of the PCC For the year ended 31 December 2024 7. Finance We wish to pay tribute and give sincere thanks to our Treasurer and all those who have been involved In the financial aspects of the mission and ministry of the Parish. We remain very grateful for the significant generosity of all those who give to maintain the life of our churches and those who are active in fundraising. The Parish share for 2024 was not paid in full in 2024 for the first time in many years. We sought approval for discount in view of the extended vacancy: the diocese showed understanding but did not give formal permission. Regular giving is the backbone of our income, with fund raising events, room hire. and fees all providing valuable support. In 2024 we held an auttion as a major fund-raising event. which was very successful. Thank vou to those who arranged events and gave items for auction; people from Kenn and Kingston Seymour were prominent in this; the auction contributed significantly to a positive financial outcome to the year, which also Saw major repairs to the roof of All Saints Church. We are very grateful to the Friends of All Saints for a very generous grant towards this repair. 8. Charitable giving. In line with the policy set by the Yatton Moor PCC of giving away 5% of all general fund lunrestrictedl income from planned givin& collections and income tax recovered thereon, £6,000 was given to charities in 2024 from the Yatton Moor PCC. In addition, we have made special collections to the sum of £2.386.
Yatton Moor Parish Administration Details For the year ended 31 December 2024 The Parish of Yatton Moor comprises of three churches St John, the Evangelist, Kenn. All Saints, Kingston Seymour and St Mary the Virgin. Yatton. The churches are part of the Portishead Deanery and the Diocese of Bath & Wells. The Parish of Yatton Moor is part of Yatton Moor Team Ministry, which include5 the parish of Cleeve with Claverham. Yatton Moor Parochial Church Council {"PCC") is a corporate body established by the Church of England and operates under the Parochial Church Councils (powers) Measure 1956. Charity Nurnber: 1132177 Address". The Team Office, St Marfs Church. Church Road. Yatton, North Somerset, BS49 4HH Clergy: Full time priest Ivacancyl House for duty priest {vac3ncvl Re¢d Nigel Thomas (resigned March 20241 Rerfd Fran Binding (resigned 11 February 20241 Rewd John Angle Re¢d Avril Gaunt Rerfd Richard Taylor Clergy, non PCC members: Lay Chair: Vacant. elected at each PCC meeting Readers: Mike Cooke Treasurer: Karen Baber, FCA Churchwardens: John Dickinson (St Marfs) Hilary Landers {St John's) Julia Bush 1st John's) Sue Thomas IAII Saints,) Deputy Churchwardens: Pru Witter1St Marfsl resigned October 2024 Caroline Holden (St John's) John Allday IAII Saints) (John died in March 2024,. rest in peace) Sue Lang IAII Saints) Judy Seward IAII Saints) David Lumkin IAII Saints'l Associate Church Wardens: Jonathan Kelly (St Marfs) Ann Long (St Marfs) Sian Buckley 1st Marfsl Jenny Pascoe {All Saints'l Jackie Harris {All Saints'l Elected Members: Sian Buckley-Lewis {St Marfsl Val Dickens (St Mar¢s) Caroline Holden 1st John's) Ann Holtham 1st John's) Leonie Allday IAII Saint5') Sue Lang IAII Saints'l Anita Simmons IAII Saints,)
Yatton Moor Parish Report of the PCC For the year ended 31 December 2024 Ann Long 1st Marvsl Marianna M3ckay (St John's) Judy Seward IAII Saints'l Becky Wright IAII Saints'l Di Kirwan (St Mary's) Pru Witter 1st Marys'l resigned October 2024 PCC Secretary & Team Administrator: Clare Attrill Bankers: Natwest Bank Lloyds Bank Independent Examiner: Elaine Aplin, FCA Architects: Nom3 architects and Architect John Redfern Membershlp: Appointment of PCC members is governed by and set out in the Church Representation Rules and the guidance for the Trusteeship produced by the Church of England. The PCC ha5 met on 6 occ35ions in the year. representative from Yatton Methodist Church is entitled to be an observer on the PCC and there is a reciprocal arrangement with Yatton Methodist Church. Standing Committee: This committee is empowered to transact PCC business between its meetings and comprises the Churchwardens, Clergy and Treasurer. Finance Committee: Chair.. Karen Baber, Treasurer Secretary: Margaret Ball Members: Revd Fran Binding resigned March 2024. Barbara Bachtold, Julia Bush, Robert Manley, Sue Thomas. John Dickinson and Mike Cooke This committee monitors income and expenditure, budgets and makes recommeridations on rates of pay. fees and charges. Other Committees: Each Church has its own committee to deal with specific Church issues. Electoral Roll Officer.. Jill Earle. assisted by Michael Earle and Clare Attrill
Yatton Moor Parish Independent Examiners Report For the year ended 31 December 2024 I report on the accounts of the PCC for the year ended 31 December 2024 which comprlse the Statement of Financial Activities, the Balance Sheet and related notes. This report is made 501ely to the trustees in accordance with Section 145 of the Charitles Act 2011. My work ha5 been undertaken so that I might state tothe PCC those matters l am required to state to them In an Independent Examinerfs report and for no other purpose. To the fvllest extent pemiltted by law, I do not accept or assume responsibility to anyone other than the charity and the charitys trustees for my examination work. Respective responsTbilities of Trustees and Examiner The Members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year lunder Section 144 of the Charities Act 2011 Ithe Charities Actll and that an independent examination is needed. It is my responsibility to- Examine the accounts {under Section 145 of the Charities Artl,. To follow the procedure5 laid down in the General Directions given by the Charity Commissloners Ivnder section 145{5)(bl of the Charities Act)- and To state whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance wrth the General Directions given by the Charity Commissioners. An examination include5 3 review of the accountin8 records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusu31 ttems or disclosures in the accounts, and seekirig explanations from you as trustees concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given a5 to whether the accounts present a 'true and fairf view and the port Ès limited to those matters set out in the Statement below. Independent Examiner's statement In connection with my examin3tion, no matter has come to my attention: l. which Èlves me reasonable cause to believe that in, any material respect, the requirements to keep accounting record5 in accordance with Section 130 of the Charitie5 Act: and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charitie5 Act have not been met; or 2. to which, In my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Elaine Aplin, ACA Eastleigh, Southarnpton, S050 SJD Date".
Yatton Moor Parish Statement of Financial Activities For the year ended 31 December 2024 Note General Designated Fund Funds Restrlcted Endowment Funds Funds All Funds All Funds 2024 2023 Income Donations and legacies 152.978 800 41,615 195,393 154,720 Charitable activities Other trading activities Investments Insurance claim 14.646 19,535 2,065 55,075 15 712 69,721 20,898 4,642 62.874 9,362 3.133 25 230,114 1,348 1.865 189,224 56,602 44,828 290,654 Expenditure Church activities Raising Funds 1183.660) 11,7941 {185A54) (54,9451 19.6591 192) 19,751) (248,2641 {226,2701 11,886) 18851 {250,1501 1227,1551 (54,945) Net operating income 3,770 1,657 35.077 40,504 14,545 Net unrealised gain 12 262 262 12411 Net income for the year 4,032 1,657 35,077 40,766 13,939 Reconcillation of funds Total funds brought forward 116,175 23,045 89.282 1.700 230,202 227,484 Total Funds carried forward 120.207 24,702 124,359 1,700 270,968 230,202 All of the above results are derived from continuing artivities. There are no other recognised gains or losses other than those stated above.
Yatton Moor Parish Balance Sheet For the year ended 31 December 2024 Note General Fund DEnated Restricted Endowme Funds (unds nt funds All funds 2024 All funds 2023 Fixed a55ets Plant and equipment Investments li 12 2.069 10,307 12.376 2.773 2.773 7.615 10.307 17.922 9.049 10.045 19.094 2.773 2.773 Cutrent a55ets Stock Debtors Deposits Cash and cash equivalent5 2,597 20.534 45.819 48.132 2,597 3,163 21,367 22.631 108,429 108,034 131.242 93,332 13 14 14 253 10.000 11,854 580 50,910 71,256 1,700 117,082 22,107 122,746 1.700 263,635 227,160 Current liabilities Creditors & accruals 19,251} (9,251) 11781 1178) 1.1601 (1,160) 10,589 (16,0521 (10,589) 116.0521 Net assets 120.207 24.702 124,359 1,7¢10 270.968 230,202 Funds Balance at l January 2024 Net movements in Funds Total Fund5 116,175 23,045 89,282 1.700 230,202 227.484 4.032 1.657 35,077 40,766 2,718 120.207 24.702 124.3S9 1,700 270,968 230,202 The Financial Statements of Yatton Moor PCC on 9 to 20 were approved by the PCC on the 7 May 2025 and signed on its behalf by: John Dickinson Karen Baber Lay Chalr Treasurer io
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 I. ACCOUNTING POLICIES a. Basis of preparing the financial statements The financial staternents of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by 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 IFRS 1021 (effective l January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The charity has taken advantage of the following disclosure exemption in preparing these Financial Statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Sertion 7 Statement of Cash Flows. Public benefrt exemption The charity meets the definition of a public benefit entity under FRS102 b. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either.. the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executorls} to the Trust that a distribution will be made. or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Gift Aid receivable is included in income where there 15 a valid declaration from the donor. Any Gift Aid amount received on 3 donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless specified otherwise. c. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. li
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 d. Fixed Assets Items of equipment are capitalised where the purchase price exceeds £51X). Depreciation is provided at rates calculated to write down the cost of the asset to its estimated residual value over its expected useful life. The economic useful lives are as follows: Furniture. fittings and equipment - 5 years straight line Fencing- 10 years straight line . Stock Stock 15 included at the lower of costs or net realisable value. f. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months of less. g. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. h. Taxation All the Charity's income is applied to its charitable objectives and the Charity 15, therefore, exempt under current legislation from most forms of taxation. i. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. The charity's general funds consist of funds which the charity may use for it5 purposes at its discretion. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular purpose. Endowment Funds are funds for a specific purpose where only the income can be used. j. Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. k. Pensions All employees, who meet the criteria, are enrolled into the auto*nrolment pension scheme. 12
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 INCOME FROM DONATIONS AND LEGACIES General Fund St Marfs Pre-school Restricted Fund5 All Funds 2024 All Funds 2023 Income Planned Giving- Gift Aid Non Gift Aid Collections at services.. Gift Aid Non Gift Aid Donations & Appeals Grants Gift Aid Small Donation5 Scheme GiftAid Legacies 86,237 8,165 3.000 200 89,237 8,365 86,602 12.532 7,296 7,296 7,063 574 11,335 3,702 2,728 22.184 8,000 154,720 7,037 20,000 2,811 21,432 4,678 2,550 596 1,044 29,547 41,615 11,715 23,350 3,407 22,476 29,547 195,393 800 152,978 800 INCOME FROM CHARITABLE AcfiviTES General St Marfs Fund Pre-school Restrirted Funds All Funds 2024 All Funds 2023 Incorne Bookstall & Bible Notes sales Lettings- Church & Chapter House Sale of goods and produce WeddingslFuneral fees Pre-school fees 170 8,879 170 8,879 223 8,707 889 4,708 889 4,708 55,075 69,721 947 6,039 46,958 62,874 55,075 55,075 14,646 INCOME FROM OTHER TRADING AcfiviTES Income General Fund St Marfs Pre-school Restricted Funds All Funds 2024 All Funds 2023 Fund raising events and activities 19,535 19,535 15 15 1,348 1.348 20,898 20,898 9,362 9,362 INVESTMENT INCOME General Fund St Marfs Pre-school Restricted Funds All Funds 2024 All Funds 2023 Dividends and interest 2,065 2,065 712 1,865 1.865 4,642 4,642 3,133 3,133 712 13
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 ANALYSIS OF EXPENDJTURE Note General Fund St Marfs Restricted Pre-school Funds All Funds 2024 All Funds 2023 CHURCH ACTIVITIES Giftsfrom PCC.. Mission- UK Mission - overseas Mission - secular li li li 1,650 3,250 I,ioo 6,000 1,650 3,809 2,927 8,386 2,462 3,348 3.296 9,106 559 1,827 2,386 Activitie5 relating to Church Ministry Ministry.. Parish Share Clergy expenses Church running costs- Light, heat, water Insurance Sundries Maintenance & security Upkeep of services Upkeep of Churchyards Bible notes Support & Education Salaries 83,834 1.261 83,834 1,594 92,245 2,981 333 22,267 6,341 809 4,000 1,866 205 167 927 7,145 22,267 6,701 809 8,142 1,985 454 167 2.635 52,459 15,784 5,634 774 12.690 2,571 2,716 223 2,308 49,721 360 4,141 119 249 626 45,314 1,082 Depreciation St Marvs projects All Saints, projects 782 326 326 800 1,434 800 30,768 214,048 771 30,768 160,372 46,626 7,050 188,418 Church Monogement & Admini5trotion Postage, printing. stationery books. advertising Office equipment, phone etc. Playgroup expenses Sundry expenses Salaries Professional fee5 Bank charges Cleeve/Claverh3m contributions 1,070 986 1.070 986 7.786 315 15,410 2,164 469 (2,3701 25,830 248.264 1,673 1,332 7,282 387 14,669 5,394 474 12,4651 28,746 226,270 7,786 315 15,410 1,631 246 {2.370) 17,288 183,660 533 223 8,319 54,945 223 9.659 TOTAL CHURCH ACtIVlTIES RAISING FUNDS Stewardship/Giving costs Costs of fayre and events 290 1,504 1,794 185,454 290 1,596 1,886 250,150 126 759 885 227.155 92 92 TOTAL EXPENDITURE 54.945 9.751 14
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 7. FUND DEfAILS 7a ENDOWMENT FUNDS Endowment Funds under the PCC control Terms Protected Capital Market Value 2024 2023 The Mrs Ford Trust For the maintenance of St Marfs Churchyard. 1,700 1.700 109 65 109 65 The Mrs Ford trust is not an accumulative endowment fund and the interest received does not increase the capital. The interest received is included within the Restricted Yatton Churchyard fund. Endowment Funds under Diocesan control Yatton Churchyard fund Mrs D Stuckey Trust Terms Protected Capital Market Value 2024 2023 For the maintenance of St Marys Churchyard. For the fabric of St Marfs andlor maintenance of Assistant clergy 273 10,375 268 264 2.000 24,276 333 623 601 882 The income for the year relating to the two endowment funds under the Diocesan control are shown as a grant under Restricted Funds. The Diocese transferred all investments previously held with CCLA to LGT Wealth Management. with the instruction to strengthen the capital value of the portfolio. The Yatton Stuckey Trust represents 0.3% and The Yatton Church yard funds represents 0.1% ofthe total capital transferred, during the year, the capital value increased by 7.49%. The capital of the funds under Diocesan control are not included in the Balance Sheet. 15
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 7b RESTRicfED FUNDS Opening balance Income Expenditure Closing balance Special Charity Collections St Marls Children's work st John's Projects All Saint5, Amenities All Saints. Churchyard Parish-wide Funds Sunday School Trust Team Mission Fund Vicar discretionary fund St Mary's Care ICOSMICI St Mary's Clock St Mary's Churchyard St Mary's Organ-music Fund Yatton & Winscombe Chorale Zambian- Kabwe Link 2,386 12,3861 209 24.871 5.789 660 22 16.262 213 25,311 5,403 2,253 22 16,514 858 846 65,564 720 4.868 178 1,238 370 124,359 552 837 1,785 333 286 15 {112 11,2231 11911 13331 {341 121 iii 14,0701 iii iioi {3011 11,0861 iii 19,751) 33,604 709 4.420 473 1.053 365 89.282 36,030 12 458 1,271 44,828 Significant indivldual items in the above expenditure are as follows: St Marfs Care {CoSMIC) Piano Boiler repair North Aisle stone work Roof repair5 All Saints. Amenitles 800 Woodworm treatment 793 628 750 2,971 552 552 The Vicar Discretionary fund was held by the Yatton Moor Team Rector. On the resignation of all Clergy within the team, the fund was transferred to the PCC. N.B.' The roof repair works to All Saints is included in the general fund expenditure under All Saints projects. This work was on-going at the year end and the Friends of Kingston Seymour gave a grant to cover part of the costs. Details of the Special Charity collections1£2,3861 are set out in Note 10. 16
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 7c DESIGNATED FUNDS Openlng Balance Surplus for the year Closlng Balance St. Marfs Pre-school Fund 23.045 23,045 1,657 1,657 24.702 24,702 St. Marfs Pre-school Fund Ring fenced by the PCC for the benefit of the Pre-school, and thus the fund's status is "Designated" The fund makes contributions to major repairs and capital projects which affect or benefit the Pre-school. and also the day-to-day running costs of the Chapter House. The day-to-day management of the Pre-school is done by one of the two Pre-school Leaders under the guidance ofthe Management Committeeandthe financial control ofthe PCC. The extent of the 5urplus1 Ideficitl is heavily dependent on the number of children attending and North Somerset Council funding rate. 8. STAFF COSTS & TRUSTEE REMUNERATION 2024 2023 Salary and wages Organistslchoir fees included within WeddinglFuneral income Pension contributions Cleeve/Claverham contributions for Team Administrator 67,444 63,749 1,290 2,304 425 641 12,0941 11,9931 67,065 64,701 No National Insurance contributions are due from the PCC as these fall within the HMRC Employment Allowance of £5,000 per annum. The organists and choir members were paid fee5 for wedding and funerals at the prescribed rates and the amounts shown above have been deducted from the Weddings/Funeral fee income shown in note PCC member5 on occasions will act as agents for the PCC and make approved purchases on its behalf which are reimbursed. however during the year no other costs have been reimbursed to PCC members. Two members of the clergy 12023: two members). who are members of the PCC, were reimbursed expenses in connection with their travel, study and office costs. These costs total £1.59412023'. £3,943) during the year, 25% of which was reimbursed by the parish of Cleeve with Claverham. 17
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 9. STAFF NUMBERS The average number of employees during the year was as follows- 2024 2023 No. No. Administration Pre School Organists/Choirmasters 12 12 10. MISSION GIVING Since 1995, the PCC has set a Mission Giving level of approximately 5% of the General Fund income received from Planned Giving, Collections and the recoverable Gift Aid. In 2005. the PCC agreed that the 5% figure could be increased by up to £500 in order to meet unexpected requests. In 2024, total donations were £6,000,12023: £6,000). Sums given through special charity collections. coffee and cake stall sales and other events sponsored by the PCC, total £3.106 {2023- £3,106). pcc Special pcc Special -5%" Home Mission Clevedon Food Bank Sisters of the Church Yatton Junior School Other Agencies Caring at Christmas Children's Hospice South West Friends of Bristol Haematology and Oncology Centre Macmillian Cancer Care Weston Hospice Care Yatton Youth Club 550 550 550 375 550 341 166 944 1,650 Overseas Misslon Hope Christian Trust CMS CAFOD Christian Aid Us. (previously USPGI Kabwe Guatemalan Street Kids Ripple 550 800 550 I,ioo 1,827 279 280 550 550 550 800 3,250 2024 Total 6,000 2,386 559 18
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 11. TANGIBLE FIXED ASSFrs General Fund Pr&School Restricted Funds Total Cost At ljanuary 2024 Additions At 31 December 2024 9.328 3.262 3,262 15,852 9,328 3,262 3.262 15,852 Depreclatlon At l January 2024 Charge in the year At 31 December 2024 6.477 782 7,259 163 326 489 163 326 489 6,803 1,434 8,237 Net Book value at 31 December 2024 2,069 2,773 2,773 7,615 Net book value at l January 2024 2.851 3,099 3,099 9,049 12. INVESTMENTS 2024 2023 M&G Charifund- 700 units 10,307 10,045 10,307 10,045 13. DEBTORS General Fund Pr Restricted 2024 2023 School Funds Collections Cleeve with Claverham contribution Fees Listed Places of Worship Grant Scheme Gift Aid Gift Aid Small Donation scheme Grants Lettings Other 1,198 3,653 625 825 5,326 1,485 600 1,169 4,246 7,647 21,367 22,631 2.730 1,239 6,726 4,868 1,082 2,730 1,239 6,894 4,899 1.359 168 31 277 3.889 20,534 253 104 580 253 19
Yatton Moor Parish Notes to the Financial Statements For the year ended 31 December 2024 14. CASH AND DEPOS5 2024 2023 Cash in hand Deposits 108,429 93,332 131,242 108,034 239,671 201.366 At 31 December 2024. £56,862 of the funds were held in fixed term, fixed interest accounts and £45,000 invested in two Credit Unions, as follows: Cambridge & Counties Cambridge & Counties Hampshire Trust Bank £15,748 at 4.65%. maturing 2310812027 £IO.000 at 4.70%, maturing 2410912026 £31,114 at 5.15%. maturing 2910112025 Westcountry Savings & loans Churches Mutual Credit Union These represent the maximum investment permitted by a corporate body. £20,CM)O E25.000 All remaining funds. including those of the preschool. are held in a mixture of bank accounts and short-term deposits at the Central Board of Finance of the Church of England. Three of the PCC'S bank accounts are with Natwest under a special diocesan scheme. 15. LIABILIITES General St Marfs Restricted Fund Pre•School Funds 2024 2023 Pre-paid wedding fees Fees due to Diocese Restricted collections Mission Giving Parish Share Repair works Other 200 295 200 295 150 980 320 750 2,658 222 5,876 9,251 2,658 222 6,270 10,589 4,566 9,286 16,052 178 178 216 1.160 16. RESERVE POLICY It is the PCC policy to maintain reserves on the General Fund as a sufficient level, currently three months of annual expenditure, to enable it to carry out its objectives and to ensure financial continuity in the event of significant variation to income or expenditure. The balance of this fund at the year end was £119.17512023- £116.1751 which represents six months12023.' six months) of normal expenditure; consequently the policy objective was met in 2024. The Reserves in the principal Restricted Funds are considered sufficient to meet any short term needs but rnajor expenditure arising from the recent Quinquennial report of the fabric of St Mary's Church and the wish to make major changes at All Saints, Church to provide toilets and other amenities will both require significant fund-raising and grant seeking. 20
Yatton Moor Parish Appendix For the year ended 31 December 2024 General Fund 2024 All Other Funds 2024 2023 2023 Income Planned regular giving Collections Donation5 and appeals Grants Legacies Tax recovered (Gift Aid) Events and Artivities Lettings/Fees/Sale of goods Dividends. interest, compensation 94.402 7.296 7,038 19,999 94,484 6.620 6,780 2.030 3,200 200 4,678 3,350 29,547 1.640 1,363 55.075 2,577 101,430 4,650 1,017 4,555 1,672 8,000 1,669 1,861 46,963 1,618 72,005 24,243 19,535 14.646 2,065 189,224 23.243 7,501 15.911 1,540 158,109 Expenditure Mission Giving Ministry- Parish Share Ministry- Other Running Costs Organists & Pre-school Staff Major repairs & depreciation Administration/Event costs 16.OCM)) 183,834) 11,2611 133.4171 17,1451 131.5501 122,2471 1185,454) {6,000} 192.2451 {2,3581 130.4001 {7.0691 14451 117,4381 (155.955) {2,3861 13.1061 13331 16231 14.5011 {12,3001 {45,314} 142.6521 11,1261 13261 13151 112, 1931 (64.6961 {71,200) Net operatlng Income 3.770 2.154 36.734 805 Net unrealised gain/lloss} 262 12411 Total surplus for the year 4,032 1.913 36.734 805 Total funds brought forward Total Funds carrled forward 116,175 120,207 114.262 116,175 114,027 149,061 113,222 114,027 21