Regstered Ch￿lty no. 1132178 The Parochial Church Council of Ecclesiastical Parish Of St Mary Magdalene. Lillington, Leamington Spa Known as St Mary Magdalene's Church Trustees Annual Report and Accounts Year Ended 31st December 2023 st Mary Magdalene's Church. Lillington Year Endod 31st Docembor 2023 Contonts Pag• Page Legal aThJ Admknlstratfve Inforn￿tK Trustees Annual Report IrKlependent Examiners Rewt Statement of FIn￿CIal Actsmtss Statement of Financial Positw Notes to the F￿￿nCial Statements 10 St Mary Magdalene's Church. Lillington Y•ar Ended 3131 Decembor 2023 Logal and Admlnlstratlve Inforniatlon R•f•rw The Charfty Is called Tré Parijchial Church CcAttl of the Ecdesia$t*a Parlsh Of St Mary Magdaem. Lillngton. Lewnirwn Spa". The Pwoctmal C(u)cl Is knMI as the PCC for shorL ott￿ nam8s ich ara Iho ¢hwity *• %1 Mary M8gd816M'8 Clxrth". The Church is registerad wkn ts Charity CommwK)n for EryJland and Wal&s wa5 th8 16 Ockthr 21X)9. Bo1(Ko tNs thg churth was exempt from r8gistrakn. R•glstWod C￿lIty Numb 1132178 War*icksl*e urch.0 Prfmwy Bank• HSBC LI( Ba￿ PO Box 88 CV32 4BU Indopend•nt Examln•r 125 Main Stre LS25 1AF St Mary Magdalene's Church, Lillington Year Ended 31st Decomber 2023 Trustses Annual Report 1. R•l•rence and admlnlstrthe Informatlon 1.1. Th8 Part¢hial chU￿h CrwrKil fA the Ec#*sO￿al Parish of St May Mtydafene. Lli liryb)n. Leaminglon Spa 1.2. Sl Mary magdale￿ ChLKth. RO￿1. Leamirykn Spa. CV32 7RH 1.3. The Parish Office, Vicar•Je Ro•J, Li*4tCrfb, Sp4 CV32 7RH 1.4. Trustees rl t￿ charity Imeffknets ofthe Parcthi81 ChLYch c￿￿1). Revd. 14Mlliam Smith Sally Dru¢e (from 08105122) Trustee &KI churc1r￿Iden Robin Stuart Innes Samuel Mea¢￿k (ResbJrtl 22104r2023} Revd. Rosemary Caroline Panlli Dr Diana TaL￿ul Amanda mario￿ SteNwf& Lucy Ann Dean Patricia Pc4Jlson Sarah El￿beth Boad Eleancf Mary Hucklesby Christine Anne Butfer Rachel Ouff John Bull Revd. s￿ Fairhurt LaurerKe Reginald C¢￿e Philippa Pritchard (from 08105r22) Revd. Cerys Sm*h (frc 03107f23} Niel Stryd¢)m (from 01108r231 Tntslee Sar&Jane Snatt {Irom 24104r23) Tntstee lan Jamie (from 23104r231 Trustee Graham Cooper (frryn 19ffj7r23) Trustee ChLw¢hw Trustso Truslee Trustee Twsti)? TNste8 Truslee Tnjstee Trustee Tmstee Trnstee Trustee Trustee 1.5. Bankers to the PCC: 1.5.1. HSBC, PO Box 88, The Para(le. Leamrylon Spa. WarwthhTr. CV32 48U 1.5.2. CCLA Investmert Managwnent Ltd, Senakrf HLw8, 85 Queen Vthia Stre& Lon(k>n. EC4V 4ET 1.5.3. The Finaftc￿ Exaniw to the chwch Ko)unts is Wyatt Co. Chartwed Acctwnt￿ts, 125 Main Street. Garforth. Leeds, West Yo￿Shire. LS25 1AF 1.6. Day-l*>day nBnagawit oflhe ¢hurth is wi the haThJ$ clthe Vry. Rwd. Smth. Ilington W￿8￿Je, Vicar*J8 Road. LillIng￿, Loan1ry￿ CV32 7RH. St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Trustees Annual Report 2. Stru¢turn, Governance and Managem•nt 2.1. The ParLxhial Churth Cwnul vs a COrp￿ate establishe¢J by the Clxrch of ENJI￿d. The PCC operates under thg Parochial c￿￿h Councl Powvs Measure. 2.2. The Vrar, the treasur￿ one oth¥. we trustees of a smal ch*ity". Alai*8n anLI Pershouse. that was sel up ¢Y4er 1C4) years ag) to help the of Lillinglon parish. Ad(IitK)nalty, there are Iwo trusts. Cumb8rland. aThJ Cunnvwam which the PCC ¢¢rtrd, the Ir￿ the 1n7¥*Stm￿ts we used by the PCC to further their Obj￿11￿. 2.4. New mèmb8r8 01th? PCC are fvi a of. 8T￿ arB reqwed to rwl. YnJst88shk- an Introduclion for PCC mgmbers". The PCC appoints ono of its n￿ber. or a suilabl8 MernI￿ from the chLFr¢h men*)ership, as a Health and Saf* Offwwith special responsibilty in thi$ area. PAmilarty. the PCC oppo*Its a 8uitably trained men*)er ofthe PCC lo overs60 th& thwch'5 responsbilty for the Safeglo￿ln9 d chibJTen ¥wlr*r* 2.5. Th& VKar and s￿dIng Cmittee ￿￿e¢ to prepare the agerKla to exh PCC meeting. 11 is Ihe function ofthese meetings to erwre that m*rs *e to the PCC in a fashion. 2.6. The Stsnding Committee meets regularfy to ensure that the d￿-ltrdaY pl¥t￿l siness of the Church is carri&J foNard in a tW￿lY fa5hi(m. 2.7. The PCC have agreed on the fol¢xing fr￿ subgrwF6". Finarte. Fabr￿. Charity, ￿rt￿e, Social. 2.8. The PCC minimises risk through intelligent managerrtht of the churth. vnpbementst#)n of sensibbe procedures and adequae insurance. A COMWeh*￿1¥e ffjk assess￿ has ￿t been carried out. but there are specffic risk assessments fcf wgnrf￿ant risk ￿t￿litieS. 2.9. The ne8d for a ReseNes Policy was a￿1 pkn dumg 2022. 3. Objectlves and Actlvitl•s 3.1. The primary c&jectNe of the church is the prom(rtI￿ of the Gospel cl jeSL￿ Christ xcording to the doctrines of the Church of England. The PCC co-coerale5 Wth Vicar in pro￿￿)ting the wh)le miss*)n ofthe Churth.. pastoral, &¥￿e1￿￿C. s￿181 in Lil'ngton Parish. 3.2. The Vi¢ar and PCC promcée the c*jeclNes of the chLrch li seNwal ways Mxluding maintainirwJ and iMpro￿n9 the services ofworship,. lexhing the fath through se￿r￿n series and hcffie groups. provision of occasional offices (weddings, baplisms and funeraLs) for th¢)se Sving in the parish." engegemenl in the local ccrfnmunty {especialty through the Lov8 Lilh'n4on initi*wel: wothing cthety with the l¢xal xhcols; cyn days arKI faits" bU￿'Thj relat*)nships with other churches in thg 3.3. Paid emplcyees contn'bute to wr ¢￿iethe5 by.. CleaniThJ the hal Ioctawnl and parts of ￿ church wemtses Parish and service administration Financial admini$tralion Music dIreCt￿n and leadersh¥J for 3.4. unpa￿ church members ¢ontribule to our object1￿5 Cleaning the church and pr￿lseS Maintsining the churchy¥d Running events such as Sch￿11 visits to help yourvJ pecfjle to ￿age with the K)rk dthe chLrch and for t church to engage with the lrfe of our Ic¢al ccrfr*nunty Volunteering wf(h the bank and fo>J pantry. arKI ￿ tl* Llliryton ConNnunty Acthm Fcrfum. have our initiatNe. Love L￿1￿on, that SUPPOFts the needy ofthe p￿. St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Trustees Annual Report Le•Jing Youth and children's *YJth. such as the JfAth grr￿p. chok end worship barnl. and pkygroup Putting ￿ social events fty the thur¢h ¢(XMithty PrOv￿1ng horne c0mrwnl¢￿ se￿￿eS ￿ parishion8r5 and reS￿￿entIal homes Contributiry to church servKes ty volunteer¥bg fLY the Welcc*ne te￿. h%wlalty, readm9 and le•Jing prayers Flower arraThJir•J Bell Ringing 3.5. The chLrch $4)p)rts ILKa. nationa an¢J internat￿nal ch¥téies wih a commitment to a prowtitsn IAving Chri8tian fOUndat￿n. In addition to enctyjraging congregational g¥vir¥J lo Specif￿ causes at Lent. Harvest and Chr¢tma$. the PCC al￿ wes away a wcentage cl its Mic(xne each year. It is by the PCC Charity COnwn￿e8 as to whth causes slthld go. 3.6. Reptyt hen I listen to the bels rwing on a Sunday nKYning. I ￿ mindhd of a Sound that has a constant for ¢enturies in Lillingl￿. Indeed. one of the bels was cast n 1480 and h85 n￿g (xrt to aM￿nCe countless wedding5. fiJnerals. seNices of worshp and celetKalk)n over the Ye￿8. The Parish chU￿h o¢¢upies a Uft￿U8 role in the lrtal communty and 0￿e again over last mcmths we have played part li the drama of belng humn yet 8190 cOn8dCA￿ thatwe we wt of God's plan fry all creatw)n, a plan m whKh we are drawn more deeply into the knovledge of his love f￿ exh of us the call to share Ihis h)ve. ￿hat a privilege rt is then to ¢elelxate ¢)n¢e again am that has happen￿ tr4er the pmic4Js year and to Ic*Jk forward lo new and exciting initiatiV8s and plans for our c(￿tinuing divide this resxKt into fow sections fo¢ussing on ourworship, dr4cyleshp. ¢orrnnui¥ty *KI vtsk)n. 1. Worshlp We currently have ways in people ¢an fftr ts V*Yxshp. These are the main Sunday Eucharist at 9.30am. OLK All Age w?rshy a 11.15an on Sunday aTrJ our mi(frNeek cOn￿￿n10n Seryice on a Wednesday nK)miry al 10.00am. OrKe a mrrth we have also have an Evening SeNrce on a Sunday at 6pm. 8ut we aso have a frfth way that peep￿ ￿ worshp arKI th* 1$ ￿lIn8. Exh week we IN¢ stream seNices for knal pecple who w no longer p)in us physKalty for those simply live e15there and who have r8lation6hlp wlth St Mary Magdalono's aTrJ wlsh to Conti￿ lo *whip ￿. As a r¢suL we are reguLqrty j¢ined by pecyle in Europe and even as far as Australia. Ow online worship was a gfft lo us frcth the Pandem￿ and in Jaftu￿ 2024 we #)trodLxed a mqor w-grade to our broadcast facilty meaning that we have a mu¢h-wnproved eyperierKe for those View￿ online. One midweek swvi¢g al¢)n& attr*ed 94 onlne viwJ. All in all, rt 1$ iryortart lo u$ to offer a cts)iee of VKrfthip experiertes to a wide range of ages aThJ personal situations. lknr Ihg la51 Iwth mnths have had a rieh variety of seNice provision acmss au our regular sl¢t$ tcgether wilh many special seNKes. Aknost al wi¢es have seen an increase in alteNlance and at our rrAior festivals we have had more peopkn attandwy than bef￿e the P￿￿. 2. Discipleship Grcpwing in ourfaith is a vital part Oftt￿ ryward loum￿. To Ihi8 erKI we CA￿tinUe10 offerthoughlftl leaching on Sundays wilh 9 pecwe who are part of Ihe teachThJ nwni5try. FNe homegrcwps meet regulaty to explore t¢*Jether what il means to be folltrhers of Chnst and caled to serve. We have a y¢xrth group that meets every month. qU￿t day8 offered for spirrtual formation and an an[X￿ retreat for refreshment and renewal. During the last year we have folThved the sLwKlard lection￿Y re&Jings but have also c￿pleted a course of Christian bas*s and durlw Lent a cowse ertiued 'Joww to TranSf0m￿.. In Juno 2tr23 we wore d81ighted to be invited to beccrfne a tsnirvJ parish fcf a new deacon and we take this reswnsbilty very sericwsty. One of the joys of being the parish church is c￿r rektKJnship wrth Ic¢a $ch￿L%. IAÈ Tegularty h)st wsits for seNices exh year and hold three aThJ a half I￿r educabl￿al vists n wh￿h year 3 ehildren k*Jk * the church, Is arehlttt￿re. w￿$h￿ and place in the ktal CO￿1￿￿. ChI￿JreTr *odo sess*)ns on the importance ofthe Irul war MOM￿14 arKI an overvivw cl k¢al Lhlingkn histay. 3. Communlty We tske our rol8 and commitment to the **ler eofftNnty very seiiwsty inde&l. We SUP[￿ Ihe local Fcod Pantry with volunteers aThJ resources and at Chrikn provided 25% of the contents ol the 250 f(￿d hampers that went ¢yJt to k¢al pec*)le. We also suwt ￿ Food Bart other hxal charlies. St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Trustees Annual Report Our Love kn111NJt￿ iiNtiative cortirnM to aSSista￿e lo local people and cperates on wtsfessional referral basis. In the last yearwe have been ableto proNryde cc(&ws. fr￿ge$, beds. earpets. garden ¢I￿anceS and much rKJre. In May we opened tho dc￿5 cl Ihe church arMI streamed the Coronation of King Charles 111 Irve to ¢)ver 50 people. Ihe majwity of whc*n were not regular worshypers. In February 2024 we hosted a seNice fr>r al the kxal Ukrainian people in the wea to the second annNersary of the war wfth Russia. This was appieciated aNI fikned by ITV kn the￿ nalKJnal nvws broa(kast later that day. It is important to us thal what we do is open to 811. To th￿ end we printed editM)ns of ow Parish Magazine that went out lo every home in the p*ish. This was a distribution of over401Y) copies l)oth at Easter and Christmas. Our rrK)nlhly Coffee M¢xnings Flm NwJhts ¥ewell att￿ded by local people and at other times we have had QurL Night. a Concert wth ovw 40 choristers. a Board Gamè event. a Christma5 Far and walks. We have r￿enIty been a*ar(led a Bronze Eco Church **ard for cc¥nmthwt lothe church yard and how we operate within the associal&l buildings. The church ts vrewed Frf)silr¥ety Ihe conywnty. and we remain eommitted to making our faCi￿lIeS as accewbie ar¥J ada￿able to the chaThJw nogJ$ of the hxalty as we can. 4. Vlslon Indeed. it is with our￿%￿p. d*c*sh¥+ ￿ ¢c¥nm￿ to the ¢KxY¥nunity Ilwt wo continue b) pursuè our vision for a church thal is accessble and adaptable. of the tyjlding 15 VKlorian but svJnfftant areas are medieva. As custodians of a listed hx81 landm*k. we ha* a sign(Kanl diity to care. Work has continued over the last twefve nTh)nths on several fronts. The ￿ of the step into ChU￿h wil be extended and a ramp introduced allowiThJ wheekhair and wshchar access. ThE woiect 15 at an advanced stage. IrtsNJe the buildi Wg have a control desk fc* audio and visual syslgms. We Fry¢)se to intrDJuce flexible 5&'ng that wll enable us to do what we currentty do with much greater ease and comftsl and offer many mcye creative c¢ynmunty initHtNes. We will intrctyJu¢e a sep4ery al the Wjlhwest end of the church and a storage area for tables and chairs at the Northwest end of the church. We appreek* that resources are finite. and we approach stthyardship ofth8se carofLIty. Last yearwe ran a ¢￿paIgn lo irKrease our income ar¥J as a result giving rose by 18%. also focussed on time and talen1$ offered and in September hehj a sefvice of thanksgiving to cebebral? al th* pecple aThJ ¢*ntinue to offer. We are lundraising for the planned vANks and are e￿uraged by the of al who affj part of Ihe ¢hur¢h ￿rnMunty twond. 4. Achlovements and perfomianc• 4.1. Aver&p church attendance perweek in W23 Yas.. Adutts {16+1.' 80 ChiSJren and Y￿ng pecple: 10 4.2. The nunkner of occasir￿al offfi￿ in 2023 7KdS: Weddings: 3 Funerals.. 9 Number of people 8aptised.. 7 Number of people Confirn*d'. O S. Flnanclal Revitrw S.1. At the end of2023. in the Gerwal Fwd Rgslrthd Funds. exeeeded Expeftditu￿ by £431. At the end of the year the funds held by the church were £630,360. 5.2. The total of lund5 at th8 end ￿ 2W23- HSBC cwrent ¥¢wnl was £30.476 and CBF FL#7d (Church of Eryland Managed Fund) was £84,087. 5.3. Charitab￿ Folicy intr¢du¢ed in 2016 rgsulled in a Charit*￿ &)natKm tsch nThth of the year. Eleven charities were Support￿ fin￿cHI￿ dur￿￿ the yew thrcwh the poly. Kmhjing £3,625 in dcmalions. Addit*jna1￿. donations were speafied by dorK)rs tr fwr ch*ity appeaL8 and passed on ty the chwch. provhding £2.946 n donations lindudin9 Grft Aid>. 5.4. Thg deS￿nated COVID Emergency Response FuThY was renaffed the VKars DisCret￿nary Fund. TIMS furKI held £2.286 at the start of 2023 and distributed £370. wvK*t¥J fman¢o1 as$tstan¢e ID wanbers ofthe community. St Mary Magdalene's Church. Lllllngton Year Ended 31st Oecember 2023 Trustees Annual Report 5.4. The Love Lillington Cory￿1nty Proj*# FWKI re¢wved cA£3.612 in 2023 aTrJ exp8rvJitwe of£5.771. 5.6. No 58ri0us incidents or other matters ￿C￿Ted dww¥J the yearT*A)th Sh￿tr5 have been trwJht to the attention cl the Chaiity Commission. 5.7 ReseNe$: Th& reseNes he*J at Ihe eNI clthe yew *ere £471.443 in un[estri￿ed fvnds. ofwhieh £423.C66 is held as tangible r￿ed assets. Therefore £S2.549 was held as free reseryes. The reverse polw is to ring-fence 3 monts, wc¥th crf income in roser¥e. For 2tr23 the agreed level was £30,OW. The Finance Commrtlee have judg that this anw)unt WIN enable the chwch to manage". a) Th￿e Th)nths' average spen(ling on essential ilems in o expeThJiture budget. fc¢ ex￿le utitty bills staff expendilure. to alkwi bme lo develop nthv sources of income or lo cut back on related expenditure. b} Any shL¥t4emi need￿ to o)ver in cash bjdggt 6. Publ1¢ Benefit Statement 6.1. Si M￿Y Magdalene Chlth Liwb &) C(rni5$i￿'s puL￿1$hed wldance ¢)n the pL￿lIC Benefft requirement unthr the Clorities Ad 3)11. 6.2. Through the •*rfarKem** ofthe Chrtst￿ laith #i Ihe thurch benth tho publr through the Ih)Iding ofworshi) semces. prayer ff￿￿￿19$, Cou￿8$. groups, weddings. baptisrns. funerals and publ￿ cekbralicn of Chii5tian festivals. Also supporttyig ¢Xher charlies arKI WKlThiduals in need. ec￿￿4butin9 to the spiritual aryj mgnlal health of those who attend. contritr•Jtirq lo the spyitual e¢lucatw rfchikken. Tnwt•H' R•8pon•lbllhl The 2011 Chaities Act require the Bcord crfTntslees lo prepare fwwwl Stat￿￿￿ for ￿ch fmancial yew which give a true and fair vivw of the state of the charity as al the eThJ of ￿ financial year and of the $urplus oi d￿r￿lt of the charty. In preparing tho¥e financial stsI￿ents the Board is required to.. _ Select suiiablg X¢OL￿ll￿j wlKi8S WKI 4)pty thern consi8tenlty. Make judgments arKI estvnates that are reaSona￿e and w￿nI. Prepare financial ststements ￿ the ¢)ngoYw concem basis Lmless l is iityprcpiiate to Frfesume that the Iwst wll continug in 8YiStence. State whether apFdThble acc￿nIn79 standwds statements of T￿on￿￿)￿ed PraCt￿e have been f01lcrt￿d, subject to any material d8PWtUT8S disch)s8d arKI explained in the fnwKial statemgnts. The tnjstees are reSp￿￿b￿9 kn keewg pr￿er a¢¢ountmg reecfds, wh￿h disclose with reasonablg accurw at any time the ffinancial position of the Charty. They aso responsible for saeguarding the assets of the trust hence lor takiig reasonable steps preitntKffi WKI i*lect￿ of1r￿d and other irregu¢afit*s. Slgned b0hawofthoTn￿t￿............................................................... LL ul rtm &w417 Name ofTrustse................................................ . St Mary Magdalene's Church, Lllllngton Yoar Endod 31st Decembar 2023 Indopend•nt Examln•rs Report I rewt to tho twste8s on my 9x￿1n3￿0n oflhg Ilmnclal statemenls d Sl M¥y magjalen8￿ Churth, Lkllngton c*Arty> for tr¢ >wr ¢ThJed 31 20 RMpon*lbllltl•# and Ba¥lB of R•port As Iho trustees of th¢ ¢harity are resp¢￿SIble fly the weparatlon of lh& IlnarKld slatanants in aC￿rdanc* wllh the re(NArements clth8 Chwili88 Pd 2011 {Ih8 of the 2011 Act and wi ¢*Tring (xrt myex¢wnwiatkn I haNp fokned 811 lh8 a￿￿kable Olreckn 9[￿Th by the Clwlty c￿nMIsSIon urKler secllon 1445Xb) fl I confim that l arn qL￿11￿ to ￿lderlake the examknation tecause l an a memb8r ofth8 Insti*Jta of 2. ts finan¢ial $tatwnents th not xc(¥d Thlth ttxtse rec(xds". cr content of accounts set the Ch*￿e$ (A¢tamts WKI ReF¥yts) ReswlolK￿ 2CQ8 othor than ￿Y r¢quiromert that th9 accounts i¥ve a Inje viyat *tbkh is rM)t a matter considered a5 part of an Indep*thl examinatK￿. attonlion $￿Uld bo drawn In report In order lo undwst*KlrwJ ofts a¢¢M• 132.665 24.752 157.417 150.175 Exp•ndltur• Ex￿l￿re on charilabl8 actr￿88 Exp•)diknro ra1$w￿ fwKIs 133,357 31.023 164,380 138,541 134.222 31.023 165245 141.104 Net Income l (Exp•ndKurn) Boforn ¢JaIn￿o￿) (1.557) (6271) 17.828) 9.072 GaltV{loss} on Invesknent portlolo Gal￿11059) on Investment prowty 11 10 (11.552) N•t Incorn• l (Exp•ndiw•) Inch￿kn9 GaIn5￿ (1.557) 431 {2.480) Nat Incom• and N•t Mov•m•nt In FwMI• Total fimds ￿htfOrwAftl Transfe 14 14 502.875 (29.875 127.054 629,929 632.410 29.875 Total Fund* Cwrl•d F¢xwanl 14 471.443 158.917 63•J60 629.929 St Mary Magdalene's Church, Lillington Y•ar Ended 31st December 2023 statement of Flnan¢lal Poslllon 2022 FIX￿ Alsots Tan&ibl• fix*J assots Inve51rnent In￿SIments 24.600 26,240 398,466 398,466 95,281 87,022 10 11 518.347 511.728 Debtors Cash at bank In haNI 12 2.513 114.897 4,512 116,850 117.410 121.362 Cr•dltarn: amounts lallkng du• Tmlthln on• yo 13 &397 3.161 112,013 118,201 Tot•1 A•••t• L•M Curr•Tht Ll•bllll•* 630.360 629.929 15 630,360 629,929 Funds of th• Charlty R¢stri¢ted fvnd$ 14 14 158,917 127,054 UnTeslrtbJ general Oasignated Iwds To141 Ch¥lty FwKI• 46.461 424.982 26,708 47&167 630,360 629,929 Dlrth Respon$lblll•J•• Thèsè fmanaal st8tgm8nts wwe 8pFYrnffjd tylhe board (rftsusta6s for15SUg: Name d frust••: Slgn•d on B•hall of th• TnMl•e•: Dal• of Apyoval: St Mary Magdalene's Church, Lillington Year Ended 31st Docombor 2023 Noles to the Flnanclal Statements 1 Polld B••ls of Prwatlon RecOmm￿je￿ Pracllce: *￿0￿11ng and Rewlvy by Charities Financial Rwtir StaKl¥ds appkabl8 h Iho UK RorAWk d Ireland [(￿rI￿8 SORP 2019 FRS 102) and tho Char51ies Acl 2011. Al•￿*M￿t of ¢3olng cOn￿M ratl(￿ of the ac¢￿Jnts is a gokny basls. Th91nth8s ¢￿$[d¥ that thoro aro no material unr4rtainties ab￿rt Ihg charitys atrflity tr) COIrtn￿ as a goKYJ concem. Fund Unrestrided i￿0 fwyls ¢tynrffjo th0$6 f￿K1$ Yhthlch tho tNst688 are fr80 b use lor purpos8 In furthwan￿ ol the charilable iknesty￿ fuTrds I￿1VJO dgshjnatod frJnd$ Restrkted funds are funds ¥knlth arg to bo used in TA*h Specif￿ r8stricll IrnF￿ by the dr￿K￿ or th8 terni of ap￿al. often krth¥ as a'special offgriry. in Ihg cmrch. oxpl*alkm clthe nalwo rAVKAXO crf aach firMI18 In tho not88 to th• All inming res(wr￿ We rec(￿1¥￿ c*Ke ts dwity entioèmont lo the resc4Jrces, it 18 can b8 measured V*ilh S￿lent reliabimy. . V￿￿tsry Ir¢omo fiDm m¢mbws of tha dxmch ¥a rwnis&d as donatK*rr6 arn Ald￿jed In ftrfl. *lih assacIa￿ Gll Ad I￿all19 kn the Slatemwt of Fina￿1¥1 A¢trvib6s. . Grants entitl￿￿¢￿ is rnt ¢4m&rtI￿aI on Ihe delvirfydspe&fic pthftymanco by charity are reccynised *l18n thg t*comes U￿{m￿￿1ty entiued to Ihg g￿1. accounted lor*t*n In￿1¢88 ar8 (as the p(Mnt dentiilThnt). qualti￿ • Gifts in lfjnd am accx￿nIed for at a rwonatk estkn81e ofth* vakn f•) the dwty or tho amount acfuaty realts•d. . Volunteer time, the value of ¥Y￿ntsry SUFPQrtfor the w(Kk dlha ¢*wrth18 Mt In thè accounls Is dèscribed in Ihe Tnthe$ w￿U81 rewL io St Mary Magdalene's Church, Lillington Year Endod 31st December 2023 Notss to lh• Flnanclal Slat￿n￿ts EKpenditwe Is rettwtsed m an a¢(xu4 basb a5 a IlaWy is I￿￿red. LFabltlgs are recognised where tt is more1Skely tha) r*)t that thern is a legal or crnstnKtprn obligatK Indude costs of ts w0parall￿ aThJ examina11￿ d $latuW acc￿nts. thg costs ofthe matters. Llabifth Rocognltlon LLqbilibes aro re¢¢wils¢d as som a¥ Ihgrnls a lega lx ￿¥1$1￿￿ obllpkn commlttlng th charltyto re80urces. Tanglble Flx•d Ass•ts stated al cost less acuThulatsd depTeclaUon. Det*ecl8lk)n b cknrged on fumiture and eq￿pmeftt is ￿lIten ¢41 ￿ a bgsis w fkne es1hr￿ed u8efil Ive ofth& assel. Land and bullthrys are not depr￿8￿j. B￿kIl￿$ P•nslon8 the Slalement of FIna￿￿ as b8(yJno pay*)le kn xrAydanGg Ihg rules of tha 8ch8ma. Op•ratlng L•4S•S Im$ oftho l•aso. The tharity Is exempt from tax ￿ Is c*wlable a(lib*ies. li St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes to thè Flnanclal Statements 2 kn•￿1• of Incom• Uwo5tiirtsl Restrthd Totsl Funds Funds Funds 2023 l)onatlon• and L•gact•s Donauons Gift ahj 84.182 17.324 17,545 5,451 101.n7 21775 13 13 Grants 103 127.515 Charllabl• A¢tl¥lU Wed(IrvJ wrfj funwal le8¥ 7.175 168 7,175 7.343 6.552 6,552 552 Inv•strnent Income 743 10.81X) 15284 10,800 1(007 743 Total Incom• 131665 24752 157.417 12 St Mary Magdalene's Church, Lillington Year Ended 31s1 December 2023 Notés to th• Flnanclal Statsments Funds Funds 2022 Donallons and Logacl rJonalion3 30.440 3.638 1110.470 18,942 15.304 2,855 2,000 124206 Grants 2,IXIO 38.933 Charltsbl• ktl¥ld Weddlry ar#J fw*ral fe•s 7.769 7.7 7.769 7.769 AGllvltlH for G•n•r•llry hKom• Lathr￿ and rocrfn hire 5.147 5.147 4147 4147 Inv•strn•nt Incom• Bank and In￿ent kntwest ￿ •JIvAl￿d 193 10.800 11993 10M 11030 1.163 Totsl hKom• 110.OIJO 40,096 1SO.175 St Mary Magdalene's Church, Lllllngton Yaar Endod 31st Doc•mbor 2023 Note8 to the Flnanclal Stat•m•nts 3 Exp•ndturn on Charliabl• *Ahlll•s by FWKI Typ• 1￿19strhXed Restrkted Total Fundj Funds Funds mknlstrth costs BulklirwJ and malntenan¢e ¢4)sts 18.688 19.426 6.328 1179 1625 18,688 41.731 11099 1179 572 62.000 22.305 5.771 Communlcatlon cl￿ts Glts fvb lo c*wMy Parish 8h8re Staff Rlated ¢>)sts Staff salari8s 2.947 634 20.477 20A 133.357 31.023 164380 F￿d5 FurKIs Admknlstr8Uon cogts Bulldlng and malntenance cx*ts ctwr¢h and missk)n Cornmunicat*Jn rAists glven to char*y Parlsh share Slaff related costs Staff sai81i8S 19.291 17.589 7.097 19,291 19.736 14,768 2.147 7.671 &359 2579 &938 62.000 16.7&) 16,760 126.144 12.397 131541 Parf•h St Mary M￿16n8 Chuwth i¥ a parish ¢￿TCh of Chwch of ENJland li th• Diet￿ of Covènty. By means of Pwish Shre the tloceso helps the fundwvj of mir#siers, parti￿￿a￿ Pa￿la1 d8r9y. Ihg of vaflous Dio¢esan Lwxlies arK1 w)rk oftho CIMJrth of ENJland as a tAIK4¢. Thts Dicose 1$ 8 communmyrnsourckng a l&sK a charitytyng to raise furNJs tr) meet a need. In 2￿23. the anouni paKI bytha PCC under Iha parish shar8 Yas £62.000 (2022: £62.0￿1 14 St Mary Magdalene's Church, Lillington Y6ar Ended 31st December 2023 Notes to the Flnanclal Statements 4 Exponilturo on Ralslng Fund• U￿OStrICted ROSIrk￿l Total Funds Fund¥ 2023 Inveslment prwty MaIn￿nCe Fund (al￿g 86S FuThl$ 2022 1￿11 1,911 Fund raithg 1.911 2,563 S Volunt••rs The Ghurch benefts greatyfmm the ¥C&mtsryC4)￿ oflkne and m(mty by its fomial members and regulw attendees. Please rts to thè1nth* rgFKXt fty further dètail ￿lunteer ccmlnluttons 6 Ind•p•nd•Tht Examlnalkn F• Fees paydble to tha independent exrntr. 2022 statemenis 1.150 St Mary Magdalene's Church, Lllllngton Yoar Endod 31st Docambor 2023 Noles to th• Flnanclal Statements 20rJ Wages and 881wles 19.998 16,304 479 20.477 16.7tY) Avorago Head c￿nI Number of grnpkn￿ that reCe￿j of m(Yo than £60.IKIO durfng the >parwas as M(Ye than £60,000 any ￿th￿ratiOn as employ088 frcth 1he PCC. [￿ring the Jtw. 9 tri*tees kncurT•J ol p(Kked exp0￿ £.5474 (2022: £7,054) ww• all Incurred for the day tt> day dthe Chari￿s acli4lUe& The types of exPendi￿re I￿￿le travel osts. mlnlsty CA)sts. a(Imln1slrn￿ exPer￿e3 other ¢halabl8 activty expendilure. (2022rn.627). 16 St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Notss to tho Flnanclal Statemonts 9 Tanglblo Flx•d A*￿ts LaThY and 8ulldiry$ Ewisxnwt Total Cost as at 1st JaNwy 20Z3 Addilions 82mO Cost as a131st Dwiber 2 82,000 Dewedalh)n as a11stJaThwy 2023 760 55,760 D8predalkni as at 31st December 2￿23 57,400 Net Book val￿ a8 at 31st D￿8mber 2LY23 24.600 Net BOL* val￿ as at 31st December 2022 26,240 26.2JO The larKI aThl butldtr&s held by th8 c(mKwlli90 (*. IClwr¢h Hall) Iwil in 1987 £8ZIYJ) and 50 >ears. 10 In￿lm•nt Prop•rty Total Valuatl¢)n Pl 1 January 2023 UNeallsed galn l {k)ss) At 31 08¢￿b￿ 2023 Tha 34 Llme Averth prwrty was last in 2016 by Nwwm￿$ Estalo at a mwket vaue of £305.IyJ). In the years sthequenl lo tt*5 thg value of the Fryerty was revalued ty using the Na￿Ona￿d9 frbu8e WKlex until 2021. Th8 trustees clth8 are ￿tisf￿d that the value Lrf ts property k% IYJI matsridly dlfferertto the mthet Wal￿ of the Ixopty. 17 St Mary Magdalene's Church. Lllllngton Y￿r Ended 31st December 2023 Not•s to lh• Flnanclal Stat•m• 11 Inv••tm•nt• H•ld u Flx•d gS281 95281 87.022 Aarf(et value broutht foThMd 87.022 98.575 UNe811ged galn l (hJ88) Market vAlu8 carriad forward &259 111.$53) 87.022 12 D•btsrn 2022 1272 241 4.303 209 PryayTn￿ts 1513 4.512 2ff23 2022 1.150 2,011 3.161 4.172 St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes to tho Flnandal Statsments 14 Analys18 of Charhabl• Funds 1 JaTh21Y23 kthme Gawkn TMsf¢rn 31 D•¢ 2023 Ufifostrlclad 26.708 131665 (132.030} 19.118 46.461 Dulgnat•d Land & fr08hold l)uMdlffjs Beryl fund Warwid( DC COVID grants fund COVID emgrgw r8sf•)nse ffijrnl. Renamed.. Mcars 424.71 (1.640) 423.066 18.C {18.1Th1 31.1 (182) (30.9871 1.9":6 T¢tsl Unr••trlcted $01875 131665 (134322) (29.875) 471A43 R•strlcl•d Fundi Love Lillrykn luThJ Fabrfc fund IEC Burt L89acy) 8011 rcpé furbj (HC Burt bewesll 11.661 3.612 (5,711) 55,744 60.3n 11.398 11.053 976 (7741 {341 (244) (22) Srnrs. albs fund Choristws. fund ClwJr¢tyard fund {Hornsby beq￿1) c￿nbelIand Income fuThJ Restrkted glfts Churthyard maintenance {H￿p￿IeY beq￿t) Church reordering (bJlkllrKJ lund Musk lund 1478 18 (18) (1947) 6.324 1250 16.004 {12.936) 31.169 35,487 15 (20) 19 St Mary Magdalene's Church, Lillington Y•ar Ended 31st Decembgr 2023 Nol•s to th• Flnanclal Stat•m•nts Broadc8sUng •quIFment fwd 11240 1.4 (9.14n (182) {50) Total 127.054 24752 (31.023) I9￿75 15B,917 Total FundB 629.929 1flh17 (165244 Unrostrlcted FwNI• Unrastrlct•d 39.C61 109.017 (121.370) 21708 DMlgnat•d Land & freoh(41 11(kngs Charle8 WIISC￿ luThJ B￿￿ RethAfX￿ fund Wapthck DC COIAD grants fv￿1 COVID ameryw 426.346 (1.640) (w) (3.601) 21.607 14006 31.169 31.169 (575) Tolal Unr••tsl¢ $20,850 11•.08• 112&0S5) 502.875 St Mary Magdalene's Church. Lllllngton Y￿r Ended 31sl Decombor 2023 Notss to tho Flnanclal Statsments R•8trlct8d Funth Lovo Liifryion fund Fabrfc fuThl {EC Burt Legacy) BeN rope fwthj frlc Burt Bgqugst) Ory￿ fund Servers. ejbs fi￿d Y(xrth worf( 19.634 (T.9n) 11.661 S9.3&3 2.855 (6.474) 54744 12.(KKI 174 1.498 244 ChUrc￿rd fw (Hmby Bewest) (1.471) (3.467) fund Restrlcted g5ft8 Churthyard malntenance {Hippisley Bewest) Churth Reordering (Buildi￿ Y￿rkI FuTrJ Muslc fijnd Broadtssting eqLvwwnt knd Clwrchyard non legacy fund 24 P4) (2,579) 7￿14 1154) (836) 1.250 341 15 11240 12,240 111,580 40,096 {14049) 127.055 Tot•1 Funds 632.410 150,176 {141.104) (11.5521 629.930 21 St Mary Magdalene's Church, Lillington Y•ar EThd￿ 31$t Do¢ombor 2023 Notss to the Flnanclal Stal¢ments Fund D•s¢rlpkns 0•$1gnatsd Fund$ Land & freehold Iwihdirys Charfos Wi150n fund tol thg v*0 oflhg frgthold laThJ armj bu*thy. G￿ fr(¥n a bonef￿ the repaird th& wof. approval from ￿lgInal b￿er•dOr. ntr4¥ thè ro ¥Krt is csynpJ*e. fur•Js *ill bo used for s￿)fiC project& Deslgthl fuThJ folhyAty a hlsk*l¢ that rewk89 th0 WarwTck DC COVID ants lund War*id( LlstriGt CO￿1￿7 Covij Grant to bg swt on swwrting R•#trld•d Fund• Lovo Lifington fund F(Y sy¥xt wvj cwe of mgmbws l¢xal t>pScaly ty provithy (woff kns or pmi8¢A rnaknial Fabrlc (EC 8urt Legaay) Bell ry fund (HC Burt Bequesl) Or9￿ fur#J S8rver8' ats fund Y￿th fund Choristers, luth Churctydrd fund IHLvnsby Bequgst) Cumberlar#J Income fuThl Tempcw8ryfund for seNws abs. TempAyknd set fmm a bewest 8pecrf•for >wth set w> from a tequest SF*dficaltyfor chorlkn. Fw•J rnn•J k• pass ¢)nto C￿Mbertand Charlty. Us•J lor ts recdpt (rffimds for specific appe Fund ft*lha d￿bla lh• rnspj￿ for the thurcthyard. Churchy8fd mainlfjnonce (Hppw B&]u&￿> Churth re￿dering I￿￿dIng W￿k) fund 8roadca5ting e￿I￿ent fimd d ￿ of the cknn*J tsJikJM)g. d(Thtsd for for thg planned proj￿1 to ¥*lall St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes lo th• Flnanclal Statsmonts 2023 423I 53.774 (&39n 471.443 95.281 63.636 518J47 117.410 (5,39n 63•,360 Creditors f685 than 1 > 158.917 Uwestth Re8trkled Trtal Fur# FU￿1$ Funds 2022 Ftted 888èts cUr￿t assets Creditor818ss than 1 424.706 81.330 (3,161) 50187S 87.022 511,728 40.033 121,362 13.161) 127.IY)5 F19.929 16 Con•euat•d L*nd and Bulldkng• and othor C*￿1¢h Prop*ty Thè PCC has the uso of Ihe exduded from ￿ a¢r*ymts by vwtue of $.10(2) Ihg Charlties Act 2011. Mowalla tumishirys h8ld by the Vkw aThJ ChJrc*ward￿s ¢)n $pedal trust for thg PCC aThJ req￿re a I￿jIty fc* (fisr& arg ￿pitalI$￿ ￿er0 appropriate and althated tr) the 8pprow* T￿ed asset categwy. The church h&Ys and certaln dergy accommodation mksskon ofthe church and haNp been in uso many Accordlroty. they have Mt been caprfolised as thern Is Inguffldent Cost H)fom*tion and thgr dgprwated cost 18 Lrdikely to bè material. hjl exper*Jilurg on consgcraled or bengfice t4JiklwvJs 18 ThTMen off in of eXpendI￿re. 17 Rolated Party Tran8acllon• DuriThJ the )ear Mr8 Rachad Jdfwies a ¢k*e to Wtkn Smilh (Chalr of PCC)was emplO￿d for h8r rol8 of m￿s1¢al DYe¢k*. the ￿ shg rgcelv•J a remunèratlon of£6.856 (2022: £6.591). Regstered Ch￿lty no. 1132178 The Parochial Church Council of Ecclesiastical Parish Of St Mary Magdalene. Lillington, Leamington Spa Known as St Mary Magdalene's Church Trustees Annual Report and Accounts Year Ended 31st December 2023 st Mary Magdalene's Church. Lillington Year Endod 31st Docembor 2023 Contonts Pag• Page Legal aThJ Admknlstratfve Inforn￿tK Trustees Annual Report IrKlependent Examiners Rewt Statement of FIn￿CIal Actsmtss Statement of Financial Positw Notes to the F￿￿nCial Statements 10 St Mary Magdalene's Church. Lillington Y•ar Ended 3131 Decembor 2023 Logal and Admlnlstratlve Inforniatlon R•f•rw The Charfty Is called Tré Parijchial Church CcAttl of the Ecdesia$t*a Parlsh Of St Mary Magdaem. Lillngton. Lewnirwn Spa". The Pwoctmal C(u)cl Is knMI as the PCC for shorL ott￿ nam8s ich ara Iho ¢hwity *• %1 Mary M8gd816M'8 Clxrth". The Church is registerad wkn ts Charity CommwK)n for EryJland and Wal&s wa5 th8 16 Ockthr 21X)9. Bo1(Ko tNs thg churth was exempt from r8gistrakn. R•glstWod C￿lIty Numb 1132178 War*icksl*e urch.0 Prfmwy Bank• HSBC LI( Ba￿ PO Box 88 CV32 4BU Indopend•nt Examln•r 125 Main Stre LS25 1AF St Mary Magdalene's Church, Lillington Year Ended 31st Decomber 2023 Trustses Annual Report 1. R•l•rence and admlnlstrthe Informatlon 1.1. Th8 Part¢hial chU￿h CrwrKil fA the Ec#*sO￿al Parish of St May Mtydafene. Lli liryb)n. Leaminglon Spa 1.2. Sl Mary magdale￿ ChLKth. RO￿1. Leamirykn Spa. CV32 7RH 1.3. The Parish Office, Vicar•Je Ro•J, Li*4tCrfb, Sp4 CV32 7RH 1.4. Trustees rl t￿ charity Imeffknets ofthe Parcthi81 ChLYch c￿￿1). Revd. 14Mlliam Smith Sally Dru¢e (from 08105122) Trustee &KI churc1r￿Iden Robin Stuart Innes Samuel Mea¢￿k (ResbJrtl 22104r2023} Revd. Rosemary Caroline Panlli Dr Diana TaL￿ul Amanda mario￿ SteNwf& Lucy Ann Dean Patricia Pc4Jlson Sarah El￿beth Boad Eleancf Mary Hucklesby Christine Anne Butfer Rachel Ouff John Bull Revd. s￿ Fairhurt LaurerKe Reginald C¢￿e Philippa Pritchard (from 08105r22) Revd. Cerys Sm*h (frc 03107f23} Niel Stryd¢)m (from 01108r231 Tntslee Sar&Jane Snatt {Irom 24104r23) Tntstee lan Jamie (from 23104r231 Trustee Graham Cooper (frryn 19ffj7r23) Trustee ChLw¢hw Trustso Truslee Trustee Twsti)? TNste8 Truslee Tnjstee Trustee Tmstee Trnstee Trustee Trustee 1.5. Bankers to the PCC: 1.5.1. HSBC, PO Box 88, The Para(le. Leamrylon Spa. WarwthhTr. CV32 48U 1.5.2. CCLA Investmert Managwnent Ltd, Senakrf HLw8, 85 Queen Vthia Stre& Lon(k>n. EC4V 4ET 1.5.3. The Finaftc￿ Exaniw to the chwch Ko)unts is Wyatt Co. Chartwed Acctwnt￿ts, 125 Main Street. Garforth. Leeds, West Yo￿Shire. LS25 1AF 1.6. Day-l*>day nBnagawit oflhe ¢hurth is wi the haThJ$ clthe Vry. Rwd. Smth. Ilington W￿8￿Je, Vicar*J8 Road. LillIng￿, Loan1ry￿ CV32 7RH. St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Trustees Annual Report 2. Stru¢turn, Governance and Managem•nt 2.1. The ParLxhial Churth Cwnul vs a COrp￿ate establishe¢J by the Clxrch of ENJI￿d. The PCC operates under thg Parochial c￿￿h Councl Powvs Measure. 2.2. The Vrar, the treasur￿ one oth¥. we trustees of a smal ch*ity". Alai*8n anLI Pershouse. that was sel up ¢Y4er 1C4) years ag) to help the of Lillinglon parish. Ad(IitK)nalty, there are Iwo trusts. Cumb8rland. aThJ Cunnvwam which the PCC ¢¢rtrd, the Ir￿ the 1n7¥*Stm￿ts we used by the PCC to further their Obj￿11￿. 2.4. New mèmb8r8 01th? PCC are fvi a of. 8T￿ arB reqwed to rwl. YnJst88shk- an Introduclion for PCC mgmbers". The PCC appoints ono of its n￿ber. or a suilabl8 MernI￿ from the chLFr¢h men*)ership, as a Health and Saf* Offwwith special responsibilty in thi$ area. PAmilarty. the PCC oppo*Its a 8uitably trained men*)er ofthe PCC lo overs60 th& thwch'5 responsbilty for the Safeglo￿ln9 d chibJTen ¥wlr*r* 2.5. Th& VKar and s￿dIng Cmittee ￿￿e¢ to prepare the agerKla to exh PCC meeting. 11 is Ihe function ofthese meetings to erwre that m*rs *e to the PCC in a fashion. 2.6. The Stsnding Committee meets regularfy to ensure that the d￿-ltrdaY pl¥t￿l siness of the Church is carri&J foNard in a tW￿lY fa5hi(m. 2.7. The PCC have agreed on the fol¢xing fr￿ subgrwF6". Finarte. Fabr￿. Charity, ￿rt￿e, Social. 2.8. The PCC minimises risk through intelligent managerrtht of the churth. vnpbementst#)n of sensibbe procedures and adequae insurance. A COMWeh*￿1¥e ffjk assess￿ has ￿t been carried out. but there are specffic risk assessments fcf wgnrf￿ant risk ￿t￿litieS. 2.9. The ne8d for a ReseNes Policy was a￿1 pkn dumg 2022. 3. Objectlves and Actlvitl•s 3.1. The primary c&jectNe of the church is the prom(rtI￿ of the Gospel cl jeSL￿ Christ xcording to the doctrines of the Church of England. The PCC co-coerale5 Wth Vicar in pro￿￿)ting the wh)le miss*)n ofthe Churth.. pastoral, &¥￿e1￿￿C. s￿181 in Lil'ngton Parish. 3.2. The Vi¢ar and PCC promcée the c*jeclNes of the chLrch li seNwal ways Mxluding maintainirwJ and iMpro￿n9 the services ofworship,. lexhing the fath through se￿r￿n series and hcffie groups. provision of occasional offices (weddings, baplisms and funeraLs) for th¢)se Sving in the parish." engegemenl in the local ccrfnmunty {especialty through the Lov8 Lilh'n4on initi*wel: wothing cthety with the l¢xal xhcols; cyn days arKI faits" bU￿'Thj relat*)nships with other churches in thg 3.3. Paid emplcyees contn'bute to wr ¢￿iethe5 by.. CleaniThJ the hal Ioctawnl and parts of ￿ church wemtses Parish and service administration Financial admini$tralion Music dIreCt￿n and leadersh¥J for 3.4. unpa￿ church members ¢ontribule to our object1￿5 Cleaning the church and pr￿lseS Maintsining the churchy¥d Running events such as Sch￿11 visits to help yourvJ pecfjle to ￿age with the K)rk dthe chLrch and for t church to engage with the lrfe of our Ic¢al ccrfr*nunty Volunteering wf(h the bank and fo>J pantry. arKI ￿ tl* Llliryton ConNnunty Acthm Fcrfum. have our initiatNe. Love L￿1￿on, that SUPPOFts the needy ofthe p￿. St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Trustees Annual Report Le•Jing Youth and children's *YJth. such as the JfAth grr￿p. chok end worship barnl. and pkygroup Putting ￿ social events fty the thur¢h ¢(XMithty PrOv￿1ng horne c0mrwnl¢￿ se￿￿eS ￿ parishion8r5 and reS￿￿entIal homes Contributiry to church servKes ty volunteer¥bg fLY the Welcc*ne te￿. h%wlalty, readm9 and le•Jing prayers Flower arraThJir•J Bell Ringing 3.5. The chLrch $4)p)rts ILKa. nationa an¢J internat￿nal ch¥téies wih a commitment to a prowtitsn IAving Chri8tian fOUndat￿n. In addition to enctyjraging congregational g¥vir¥J lo Specif￿ causes at Lent. Harvest and Chr¢tma$. the PCC al￿ wes away a wcentage cl its Mic(xne each year. It is by the PCC Charity COnwn￿e8 as to whth causes slthld go. 3.6. Reptyt hen I listen to the bels rwing on a Sunday nKYning. I ￿ mindhd of a Sound that has a constant for ¢enturies in Lillingl￿. Indeed. one of the bels was cast n 1480 and h85 n￿g (xrt to aM￿nCe countless wedding5. fiJnerals. seNices of worshp and celetKalk)n over the Ye￿8. The Parish chU￿h o¢¢upies a Uft￿U8 role in the lrtal communty and 0￿e again over last mcmths we have played part li the drama of belng humn yet 8190 cOn8dCA￿ thatwe we wt of God's plan fry all creatw)n, a plan m whKh we are drawn more deeply into the knovledge of his love f￿ exh of us the call to share Ihis h)ve. ￿hat a privilege rt is then to ¢elelxate ¢)n¢e again am that has happen￿ tr4er the pmic4Js year and to Ic*Jk forward lo new and exciting initiatiV8s and plans for our c(￿tinuing divide this resxKt into fow sections fo¢ussing on ourworship, dr4cyleshp. ¢orrnnui¥ty *KI vtsk)n. 1. Worshlp We currently have ways in people ¢an fftr ts V*Yxshp. These are the main Sunday Eucharist at 9.30am. OLK All Age w?rshy a 11.15an on Sunday aTrJ our mi(frNeek cOn￿￿n10n Seryice on a Wednesday nK)miry al 10.00am. OrKe a mrrth we have also have an Evening SeNrce on a Sunday at 6pm. 8ut we aso have a frfth way that peep￿ ￿ worshp arKI th* 1$ ￿lIn8. Exh week we IN¢ stream seNices for knal pecple who w no longer p)in us physKalty for those simply live e15there and who have r8lation6hlp wlth St Mary Magdalono's aTrJ wlsh to Conti￿ lo *whip ￿. As a r¢suL we are reguLqrty j¢ined by pecyle in Europe and even as far as Australia. Ow online worship was a gfft lo us frcth the Pandem￿ and in Jaftu￿ 2024 we #)trodLxed a mqor w-grade to our broadcast facilty meaning that we have a mu¢h-wnproved eyperierKe for those View￿ online. One midweek swvi¢g al¢)n& attr*ed 94 onlne viwJ. All in all, rt 1$ iryortart lo u$ to offer a cts)iee of VKrfthip experiertes to a wide range of ages aThJ personal situations. lknr Ihg la51 Iwth mnths have had a rieh variety of seNice provision acmss au our regular sl¢t$ tcgether wilh many special seNKes. Aknost al wi¢es have seen an increase in alteNlance and at our rrAior festivals we have had more peopkn attandwy than bef￿e the P￿￿. 2. Discipleship Grcpwing in ourfaith is a vital part Oftt￿ ryward loum￿. To Ihi8 erKI we CA￿tinUe10 offerthoughlftl leaching on Sundays wilh 9 pecwe who are part of Ihe teachThJ nwni5try. FNe homegrcwps meet regulaty to explore t¢*Jether what il means to be folltrhers of Chnst and caled to serve. We have a y¢xrth group that meets every month. qU￿t day8 offered for spirrtual formation and an an[X￿ retreat for refreshment and renewal. During the last year we have folThved the sLwKlard lection￿Y re&Jings but have also c￿pleted a course of Christian bas*s and durlw Lent a cowse ertiued 'Joww to TranSf0m￿.. In Juno 2tr23 we wore d81ighted to be invited to beccrfne a tsnirvJ parish fcf a new deacon and we take this reswnsbilty very sericwsty. One of the joys of being the parish church is c￿r rektKJnship wrth Ic¢a $ch￿L%. IAÈ Tegularty h)st wsits for seNices exh year and hold three aThJ a half I￿r educabl￿al vists n wh￿h year 3 ehildren k*Jk * the church, Is arehlttt￿re. w￿$h￿ and place in the ktal CO￿1￿￿. ChI￿JreTr *odo sess*)ns on the importance ofthe Irul war MOM￿14 arKI an overvivw cl k¢al Lhlingkn histay. 3. Communlty We tske our rol8 and commitment to the **ler eofftNnty very seiiwsty inde&l. We SUP[￿ Ihe local Fcod Pantry with volunteers aThJ resources and at Chrikn provided 25% of the contents ol the 250 f(￿d hampers that went ¢yJt to k¢al pec*)le. We also suwt ￿ Food Bart other hxal charlies. St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Trustees Annual Report Our Love kn111NJt￿ iiNtiative cortirnM to aSSista￿e lo local people and cperates on wtsfessional referral basis. In the last yearwe have been ableto proNryde cc(&ws. fr￿ge$, beds. earpets. garden ¢I￿anceS and much rKJre. In May we opened tho dc￿5 cl Ihe church arMI streamed the Coronation of King Charles 111 Irve to ¢)ver 50 people. Ihe majwity of whc*n were not regular worshypers. In February 2024 we hosted a seNice fr>r al the kxal Ukrainian people in the wea to the second annNersary of the war wfth Russia. This was appieciated aNI fikned by ITV kn the￿ nalKJnal nvws broa(kast later that day. It is important to us thal what we do is open to 811. To th￿ end we printed editM)ns of ow Parish Magazine that went out lo every home in the p*ish. This was a distribution of over401Y) copies l)oth at Easter and Christmas. Our rrK)nlhly Coffee M¢xnings Flm NwJhts ¥ewell att￿ded by local people and at other times we have had QurL Night. a Concert wth ovw 40 choristers. a Board Gamè event. a Christma5 Far and walks. We have r￿enIty been a*ar(led a Bronze Eco Church **ard for cc¥nmthwt lothe church yard and how we operate within the associal&l buildings. The church ts vrewed Frf)silr¥ety Ihe conywnty. and we remain eommitted to making our faCi￿lIeS as accewbie ar¥J ada￿able to the chaThJw nogJ$ of the hxalty as we can. 4. Vlslon Indeed. it is with our￿%￿p. d*c*sh¥+ ￿ ¢c¥nm￿ to the ¢KxY¥nunity Ilwt wo continue b) pursuè our vision for a church thal is accessble and adaptable. of the tyjlding 15 VKlorian but svJnfftant areas are medieva. As custodians of a listed hx81 landm*k. we ha* a sign(Kanl diity to care. Work has continued over the last twefve nTh)nths on several fronts. The ￿ of the step into ChU￿h wil be extended and a ramp introduced allowiThJ wheekhair and wshchar access. ThE woiect 15 at an advanced stage. IrtsNJe the buildi Wg have a control desk fc* audio and visual syslgms. We Fry¢)se to intrDJuce flexible 5&'ng that wll enable us to do what we currentty do with much greater ease and comftsl and offer many mcye creative c¢ynmunty initHtNes. We will intrctyJu¢e a sep4ery al the Wjlhwest end of the church and a storage area for tables and chairs at the Northwest end of the church. We appreek* that resources are finite. and we approach stthyardship ofth8se carofLIty. Last yearwe ran a ¢￿paIgn lo irKrease our income ar¥J as a result giving rose by 18%. also focussed on time and talen1$ offered and in September hehj a sefvice of thanksgiving to cebebral? al th* pecple aThJ ¢*ntinue to offer. We are lundraising for the planned vANks and are e￿uraged by the of al who affj part of Ihe ¢hur¢h ￿rnMunty twond. 4. Achlovements and perfomianc• 4.1. Aver&p church attendance perweek in W23 Yas.. Adutts {16+1.' 80 ChiSJren and Y￿ng pecple: 10 4.2. The nunkner of occasir￿al offfi￿ in 2023 7KdS: Weddings: 3 Funerals.. 9 Number of people 8aptised.. 7 Number of people Confirn*d'. O S. Flnanclal Revitrw S.1. At the end of2023. in the Gerwal Fwd Rgslrthd Funds. exeeeded Expeftditu￿ by £431. At the end of the year the funds held by the church were £630,360. 5.2. The total of lund5 at th8 end ￿ 2W23- HSBC cwrent ¥¢wnl was £30.476 and CBF FL#7d (Church of Eryland Managed Fund) was £84,087. 5.3. Charitab￿ Folicy intr¢du¢ed in 2016 rgsulled in a Charit*￿ &)natKm tsch nThth of the year. Eleven charities were Support￿ fin￿cHI￿ dur￿￿ the yew thrcwh the poly. Kmhjing £3,625 in dcmalions. Addit*jna1￿. donations were speafied by dorK)rs tr fwr ch*ity appeaL8 and passed on ty the chwch. provhding £2.946 n donations lindudin9 Grft Aid>. 5.4. Thg deS￿nated COVID Emergency Response FuThY was renaffed the VKars DisCret￿nary Fund. TIMS furKI held £2.286 at the start of 2023 and distributed £370. wvK*t¥J fman¢o1 as$tstan¢e ID wanbers ofthe community. St Mary Magdalene's Church. Lllllngton Year Ended 31st Oecember 2023 Trustees Annual Report 5.4. The Love Lillington Cory￿1nty Proj*# FWKI re¢wved cA£3.612 in 2023 aTrJ exp8rvJitwe of£5.771. 5.6. No 58ri0us incidents or other matters ￿C￿Ted dww¥J the yearT*A)th Sh￿tr5 have been trwJht to the attention cl the Chaiity Commission. 5.7 ReseNe$: Th& reseNes he*J at Ihe eNI clthe yew *ere £471.443 in un[estri￿ed fvnds. ofwhieh £423.C66 is held as tangible r￿ed assets. Therefore £S2.549 was held as free reseryes. The reverse polw is to ring-fence 3 monts, wc¥th crf income in roser¥e. For 2tr23 the agreed level was £30,OW. The Finance Commrtlee have judg that this anw)unt WIN enable the chwch to manage". a) Th￿e Th)nths' average spen(ling on essential ilems in o expeThJiture budget. fc¢ ex￿le utitty bills staff expendilure. to alkwi bme lo develop nthv sources of income or lo cut back on related expenditure. b} Any shL¥t4emi need￿ to o)ver in cash bjdggt 6. Publ1¢ Benefit Statement 6.1. Si M￿Y Magdalene Chlth Liwb &) C(rni5$i￿'s puL￿1$hed wldance ¢)n the pL￿lIC Benefft requirement unthr the Clorities Ad 3)11. 6.2. Through the •*rfarKem** ofthe Chrtst￿ laith #i Ihe thurch benth tho publr through the Ih)Iding ofworshi) semces. prayer ff￿￿￿19$, Cou￿8$. groups, weddings. baptisrns. funerals and publ￿ cekbralicn of Chii5tian festivals. Also supporttyig ¢Xher charlies arKI WKlThiduals in need. ec￿￿4butin9 to the spiritual aryj mgnlal health of those who attend. contritr•Jtirq lo the spyitual e¢lucatw rfchikken. Tnwt•H' R•8pon•lbllhl The 2011 Chaities Act require the Bcord crfTntslees lo prepare fwwwl Stat￿￿￿ for ￿ch fmancial yew which give a true and fair vivw of the state of the charity as al the eThJ of ￿ financial year and of the $urplus oi d￿r￿lt of the charty. In preparing tho¥e financial stsI￿ents the Board is required to.. _ Select suiiablg X¢OL￿ll￿j wlKi8S WKI 4)pty thern consi8tenlty. Make judgments arKI estvnates that are reaSona￿e and w￿nI. Prepare financial ststements ￿ the ¢)ngoYw concem basis Lmless l is iityprcpiiate to Frfesume that the Iwst wll continug in 8YiStence. State whether apFdThble acc￿nIn79 standwds statements of T￿on￿￿)￿ed PraCt￿e have been f01lcrt￿d, subject to any material d8PWtUT8S disch)s8d arKI explained in the fnwKial statemgnts. The tnjstees are reSp￿￿b￿9 kn keewg pr￿er a¢¢ountmg reecfds, wh￿h disclose with reasonablg accurw at any time the ffinancial position of the Charty. They aso responsible for saeguarding the assets of the trust hence lor takiig reasonable steps preitntKffi WKI i*lect￿ of1r￿d and other irregu¢afit*s. Slgned b0hawofthoTn￿t￿............................................................... LL ul rtm &w417 Name ofTrustse................................................ . St Mary Magdalene's Church, Lllllngton Yoar Endod 31st Decembar 2023 Indopend•nt Examln•rs Report I rewt to tho twste8s on my 9x￿1n3￿0n oflhg Ilmnclal statemenls d Sl M¥y magjalen8￿ Churth, Lkllngton c*Arty> for tr¢ >wr ¢ThJed 31 20 RMpon*lbllltl•# and Ba¥lB of R•port As Iho trustees of th¢ ¢harity are resp¢￿SIble fly the weparatlon of lh& IlnarKld slatanants in aC￿rdanc* wllh the re(NArements clth8 Chwili88 Pd 2011 {Ih8 of the 2011 Act and wi ¢*Tring (xrt myex¢wnwiatkn I haNp fokned 811 lh8 a￿￿kable Olreckn 9[￿Th by the Clwlty c￿nMIsSIon urKler secllon 1445Xb) fl I confim that l arn qL￿11￿ to ￿lderlake the examknation tecause l an a memb8r ofth8 Insti*Jta of 2. ts finan¢ial $tatwnents th not xc(¥d Thlth ttxtse rec(xds". cr content of accounts set the Ch*￿e$ (A¢tamts WKI ReF¥yts) ReswlolK￿ 2CQ8 othor than ￿Y r¢quiromert that th9 accounts i¥ve a Inje viyat *tbkh is rM)t a matter considered a5 part of an Indep*thl examinatK￿. attonlion $￿Uld bo drawn In report In order lo undwst*KlrwJ ofts a¢¢M• 132.665 24.752 157.417 150.175 Exp•ndltur• Ex￿l￿re on charilabl8 actr￿88 Exp•)diknro ra1$w￿ fwKIs 133,357 31.023 164,380 138,541 134.222 31.023 165245 141.104 Net Income l (Exp•ndKurn) Boforn ¢JaIn￿o￿) (1.557) (6271) 17.828) 9.072 GaltV{loss} on Invesknent portlolo Gal￿11059) on Investment prowty 11 10 (11.552) N•t Incorn• l (Exp•ndiw•) Inch￿kn9 GaIn5￿ (1.557) 431 {2.480) Nat Incom• and N•t Mov•m•nt In FwMI• Total fimds ￿htfOrwAftl Transfe 14 14 502.875 (29.875 127.054 629,929 632.410 29.875 Total Fund* Cwrl•d F¢xwanl 14 471.443 158.917 63•J60 629.929 St Mary Magdalene's Church, Lillington Y•ar Ended 31st December 2023 statement of Flnan¢lal Poslllon 2022 FIX￿ Alsots Tan&ibl• fix*J assots Inve51rnent In￿SIments 24.600 26,240 398,466 398,466 95,281 87,022 10 11 518.347 511.728 Debtors Cash at bank In haNI 12 2.513 114.897 4,512 116,850 117.410 121.362 Cr•dltarn: amounts lallkng du• Tmlthln on• yo 13 &397 3.161 112,013 118,201 Tot•1 A•••t• L•M Curr•Tht Ll•bllll•* 630.360 629.929 15 630,360 629,929 Funds of th• Charlty R¢stri¢ted fvnd$ 14 14 158,917 127,054 UnTeslrtbJ general Oasignated Iwds To141 Ch¥lty FwKI• 46.461 424.982 26,708 47&167 630,360 629,929 Dlrth Respon$lblll•J•• Thèsè fmanaal st8tgm8nts wwe 8pFYrnffjd tylhe board (rftsusta6s for15SUg: Name d frust••: Slgn•d on B•hall of th• TnMl•e•: Dal• of Apyoval: St Mary Magdalene's Church, Lillington Year Ended 31st Docombor 2023 Noles to the Flnanclal Statements 1 Polld B••ls of Prwatlon RecOmm￿je￿ Pracllce: *￿0￿11ng and Rewlvy by Charities Financial Rwtir StaKl¥ds appkabl8 h Iho UK RorAWk d Ireland [(￿rI￿8 SORP 2019 FRS 102) and tho Char51ies Acl 2011. Al•￿*M￿t of ¢3olng cOn￿M ratl(￿ of the ac¢￿Jnts is a gokny basls. Th91nth8s ¢￿$[d¥ that thoro aro no material unr4rtainties ab￿rt Ihg charitys atrflity tr) COIrtn￿ as a goKYJ concem. Fund Unrestrided i￿0 fwyls ¢tynrffjo th0$6 f￿K1$ Yhthlch tho tNst688 are fr80 b use lor purpos8 In furthwan￿ ol the charilable iknesty￿ fuTrds I￿1VJO dgshjnatod frJnd$ Restrkted funds are funds ¥knlth arg to bo used in TA*h Specif￿ r8stricll IrnF￿ by the dr￿K￿ or th8 terni of ap￿al. often krth¥ as a'special offgriry. in Ihg cmrch. oxpl*alkm clthe nalwo rAVKAXO crf aach firMI18 In tho not88 to th• All inming res(wr￿ We rec(￿1¥￿ c*Ke ts dwity entioèmont lo the resc4Jrces, it 18 can b8 measured V*ilh S￿lent reliabimy. . V￿￿tsry Ir¢omo fiDm m¢mbws of tha dxmch ¥a rwnis&d as donatK*rr6 arn Ald￿jed In ftrfl. *lih assacIa￿ Gll Ad I￿all19 kn the Slatemwt of Fina￿1¥1 A¢trvib6s. . Grants entitl￿￿¢￿ is rnt ¢4m&rtI￿aI on Ihe delvirfydspe&fic pthftymanco by charity are reccynised *l18n thg t*comes U￿{m￿￿1ty entiued to Ihg g￿1. accounted lor*t*n In￿1¢88 ar8 (as the p(Mnt dentiilThnt). qualti￿ • Gifts in lfjnd am accx￿nIed for at a rwonatk estkn81e ofth* vakn f•) the dwty or tho amount acfuaty realts•d. . Volunteer time, the value of ¥Y￿ntsry SUFPQrtfor the w(Kk dlha ¢*wrth18 Mt In thè accounls Is dèscribed in Ihe Tnthe$ w￿U81 rewL io St Mary Magdalene's Church, Lillington Year Endod 31st December 2023 Notss to lh• Flnanclal Slat￿n￿ts EKpenditwe Is rettwtsed m an a¢(xu4 basb a5 a IlaWy is I￿￿red. LFabltlgs are recognised where tt is more1Skely tha) r*)t that thern is a legal or crnstnKtprn obligatK Indude costs of ts w0parall￿ aThJ examina11￿ d $latuW acc￿nts. thg costs ofthe matters. Llabifth Rocognltlon LLqbilibes aro re¢¢wils¢d as som a¥ Ihgrnls a lega lx ￿¥1$1￿￿ obllpkn commlttlng th charltyto re80urces. Tanglble Flx•d Ass•ts stated al cost less acuThulatsd depTeclaUon. Det*ecl8lk)n b cknrged on fumiture and eq￿pmeftt is ￿lIten ¢41 ￿ a bgsis w fkne es1hr￿ed u8efil Ive ofth& assel. Land and bullthrys are not depr￿8￿j. B￿kIl￿$ P•nslon8 the Slalement of FIna￿￿ as b8(yJno pay*)le kn xrAydanGg Ihg rules of tha 8ch8ma. Op•ratlng L•4S•S Im$ oftho l•aso. The tharity Is exempt from tax ￿ Is c*wlable a(lib*ies. li St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes to thè Flnanclal Statements 2 kn•￿1• of Incom• Uwo5tiirtsl Restrthd Totsl Funds Funds Funds 2023 l)onatlon• and L•gact•s Donauons Gift ahj 84.182 17.324 17,545 5,451 101.n7 21775 13 13 Grants 103 127.515 Charllabl• A¢tl¥lU Wed(IrvJ wrfj funwal le8¥ 7.175 168 7,175 7.343 6.552 6,552 552 Inv•strnent Income 743 10.81X) 15284 10,800 1(007 743 Total Incom• 131665 24752 157.417 12 St Mary Magdalene's Church, Lillington Year Ended 31s1 December 2023 Notés to th• Flnanclal Statsments Funds Funds 2022 Donallons and Logacl rJonalion3 30.440 3.638 1110.470 18,942 15.304 2,855 2,000 124206 Grants 2,IXIO 38.933 Charltsbl• ktl¥ld Weddlry ar#J fw*ral fe•s 7.769 7.7 7.769 7.769 AGllvltlH for G•n•r•llry hKom• Lathr￿ and rocrfn hire 5.147 5.147 4147 4147 Inv•strn•nt Incom• Bank and In￿ent kntwest ￿ •JIvAl￿d 193 10.800 11993 10M 11030 1.163 Totsl hKom• 110.OIJO 40,096 1SO.175 St Mary Magdalene's Church, Lllllngton Yaar Endod 31st Doc•mbor 2023 Note8 to the Flnanclal Stat•m•nts 3 Exp•ndturn on Charliabl• *Ahlll•s by FWKI Typ• 1￿19strhXed Restrkted Total Fundj Funds Funds mknlstrth costs BulklirwJ and malntenan¢e ¢4)sts 18.688 19.426 6.328 1179 1625 18,688 41.731 11099 1179 572 62.000 22.305 5.771 Communlcatlon cl￿ts Glts fvb lo c*wMy Parish 8h8re Staff Rlated ¢>)sts Staff salari8s 2.947 634 20.477 20A 133.357 31.023 164380 F￿d5 FurKIs Admknlstr8Uon cogts Bulldlng and malntenance cx*ts ctwr¢h and missk)n Cornmunicat*Jn rAists glven to char*y Parlsh share Slaff related costs Staff sai81i8S 19.291 17.589 7.097 19,291 19.736 14,768 2.147 7.671 &359 2579 &938 62.000 16.7&) 16,760 126.144 12.397 131541 Parf•h St Mary M￿16n8 Chuwth i¥ a parish ¢￿TCh of Chwch of ENJland li th• Diet￿ of Covènty. By means of Pwish Shre the tloceso helps the fundwvj of mir#siers, parti￿￿a￿ Pa￿la1 d8r9y. Ihg of vaflous Dio¢esan Lwxlies arK1 w)rk oftho CIMJrth of ENJland as a tAIK4¢. Thts Dicose 1$ 8 communmyrnsourckng a l&sK a charitytyng to raise furNJs tr) meet a need. In 2￿23. the anouni paKI bytha PCC under Iha parish shar8 Yas £62.000 (2022: £62.0￿1 14 St Mary Magdalene's Church, Lillington Y6ar Ended 31st December 2023 Notes to the Flnanclal Statements 4 Exponilturo on Ralslng Fund• U￿OStrICted ROSIrk￿l Total Funds Fund¥ 2023 Inveslment prwty MaIn￿nCe Fund (al￿g 86S FuThl$ 2022 1￿11 1,911 Fund raithg 1.911 2,563 S Volunt••rs The Ghurch benefts greatyfmm the ¥C&mtsryC4)￿ oflkne and m(mty by its fomial members and regulw attendees. Please rts to thè1nth* rgFKXt fty further dètail ￿lunteer ccmlnluttons 6 Ind•p•nd•Tht Examlnalkn F• Fees paydble to tha independent exrntr. 2022 statemenis 1.150 St Mary Magdalene's Church, Lllllngton Yoar Endod 31st Docambor 2023 Noles to th• Flnanclal Statements 20rJ Wages and 881wles 19.998 16,304 479 20.477 16.7tY) Avorago Head c￿nI Number of grnpkn￿ that reCe￿j of m(Yo than £60.IKIO durfng the >parwas as M(Ye than £60,000 any ￿th￿ratiOn as employ088 frcth 1he PCC. [￿ring the Jtw. 9 tri*tees kncurT•J ol p(Kked exp0￿ £.5474 (2022: £7,054) ww• all Incurred for the day tt> day dthe Chari￿s acli4lUe& The types of exPendi￿re I￿￿le travel osts. mlnlsty CA)sts. a(Imln1slrn￿ exPer￿e3 other ¢halabl8 activty expendilure. (2022rn.627). 16 St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Notss to tho Flnanclal Statemonts 9 Tanglblo Flx•d A*￿ts LaThY and 8ulldiry$ Ewisxnwt Total Cost as at 1st JaNwy 20Z3 Addilions 82mO Cost as a131st Dwiber 2 82,000 Dewedalh)n as a11stJaThwy 2023 760 55,760 D8predalkni as at 31st December 2￿23 57,400 Net Book val￿ a8 at 31st D￿8mber 2LY23 24.600 Net BOL* val￿ as at 31st December 2022 26,240 26.2JO The larKI aThl butldtr&s held by th8 c(mKwlli90 (*. IClwr¢h Hall) Iwil in 1987 £8ZIYJ) and 50 >ears. 10 In￿lm•nt Prop•rty Total Valuatl¢)n Pl 1 January 2023 UNeallsed galn l {k)ss) At 31 08¢￿b￿ 2023 Tha 34 Llme Averth prwrty was last in 2016 by Nwwm￿$ Estalo at a mwket vaue of £305.IyJ). In the years sthequenl lo tt*5 thg value of the Fryerty was revalued ty using the Na￿Ona￿d9 frbu8e WKlex until 2021. Th8 trustees clth8 are ￿tisf￿d that the value Lrf ts property k% IYJI matsridly dlfferertto the mthet Wal￿ of the Ixopty. 17 St Mary Magdalene's Church. Lllllngton Y￿r Ended 31st December 2023 Not•s to lh• Flnanclal Stat•m• 11 Inv••tm•nt• H•ld u Flx•d gS281 95281 87.022 Aarf(et value broutht foThMd 87.022 98.575 UNe811ged galn l (hJ88) Market vAlu8 carriad forward &259 111.$53) 87.022 12 D•btsrn 2022 1272 241 4.303 209 PryayTn￿ts 1513 4.512 2ff23 2022 1.150 2,011 3.161 4.172 St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes to tho Flnandal Statsments 14 Analys18 of Charhabl• Funds 1 JaTh21Y23 kthme Gawkn TMsf¢rn 31 D•¢ 2023 Ufifostrlclad 26.708 131665 (132.030} 19.118 46.461 Dulgnat•d Land & fr08hold l)uMdlffjs Beryl fund Warwid( DC COVID grants fund COVID emgrgw r8sf•)nse ffijrnl. Renamed.. Mcars 424.71 (1.640) 423.066 18.C {18.1Th1 31.1 (182) (30.9871 1.9":6 T¢tsl Unr••trlcted $01875 131665 (134322) (29.875) 471A43 R•strlcl•d Fundi Love Lillrykn luThJ Fabrfc fund IEC Burt L89acy) 8011 rcpé furbj (HC Burt bewesll 11.661 3.612 (5,711) 55,744 60.3n 11.398 11.053 976 (7741 {341 (244) (22) Srnrs. albs fund Choristws. fund ClwJr¢tyard fund {Hornsby beq￿1) c￿nbelIand Income fuThJ Restrkted glfts Churthyard maintenance {H￿p￿IeY beq￿t) Church reordering (bJlkllrKJ lund Musk lund 1478 18 (18) (1947) 6.324 1250 16.004 {12.936) 31.169 35,487 15 (20) 19 St Mary Magdalene's Church, Lillington Y•ar Ended 31st Decembgr 2023 Nol•s to th• Flnanclal Stat•m•nts Broadc8sUng •quIFment fwd 11240 1.4 (9.14n (182) {50) Total 127.054 24752 (31.023) I9￿75 15B,917 Total FundB 629.929 1flh17 (165244 Unrostrlcted FwNI• Unrastrlct•d 39.C61 109.017 (121.370) 21708 DMlgnat•d Land & freoh(41 11(kngs Charle8 WIISC￿ luThJ B￿￿ RethAfX￿ fund Wapthck DC COIAD grants fv￿1 COVID ameryw 426.346 (1.640) (w) (3.601) 21.607 14006 31.169 31.169 (575) Tolal Unr••tsl¢ $20,850 11•.08• 112&0S5) 502.875 St Mary Magdalene's Church. Lllllngton Y￿r Ended 31sl Decombor 2023 Notss to tho Flnanclal Statsments R•8trlct8d Funth Lovo Liifryion fund Fabrfc fuThl {EC Burt Legacy) BeN rope fwthj frlc Burt Bgqugst) Ory￿ fund Servers. ejbs fi￿d Y(xrth worf( 19.634 (T.9n) 11.661 S9.3&3 2.855 (6.474) 54744 12.(KKI 174 1.498 244 ChUrc￿rd fw (Hmby Bewest) (1.471) (3.467) fund Restrlcted g5ft8 Churthyard malntenance {Hippisley Bewest) Churth Reordering (Buildi￿ Y￿rkI FuTrJ Muslc fijnd Broadtssting eqLvwwnt knd Clwrchyard non legacy fund 24 P4) (2,579) 7￿14 1154) (836) 1.250 341 15 11240 12,240 111,580 40,096 {14049) 127.055 Tot•1 Funds 632.410 150,176 {141.104) (11.5521 629.930 21 St Mary Magdalene's Church, Lillington Y•ar EThd￿ 31$t Do¢ombor 2023 Notss to the Flnanclal Stal¢ments Fund D•s¢rlpkns 0•$1gnatsd Fund$ Land & freehold Iwihdirys Charfos Wi150n fund tol thg v*0 oflhg frgthold laThJ armj bu*thy. G￿ fr(¥n a bonef￿ the repaird th& wof. approval from ￿lgInal b￿er•dOr. ntr4¥ thè ro ¥Krt is csynpJ*e. fur•Js *ill bo used for s￿)fiC project& Deslgthl fuThJ folhyAty a hlsk*l¢ that rewk89 th0 WarwTck DC COVID ants lund War*id( LlstriGt CO￿1￿7 Covij Grant to bg swt on swwrting R•#trld•d Fund• Lovo Lifington fund F(Y sy¥xt wvj cwe of mgmbws l¢xal t>pScaly ty provithy (woff kns or pmi8¢A rnaknial Fabrlc (EC 8urt Legaay) Bell ry fund (HC Burt Bequesl) Or9￿ fur#J S8rver8' ats fund Y￿th fund Choristers, luth Churctydrd fund IHLvnsby Bequgst) Cumberlar#J Income fuThl Tempcw8ryfund for seNws abs. TempAyknd set fmm a bewest 8pecrf•for >wth set w> from a tequest SF*dficaltyfor chorlkn. Fw•J rnn•J k• pass ¢)nto C￿Mbertand Charlty. Us•J lor ts recdpt (rffimds for specific appe Fund ft*lha d￿bla lh• rnspj￿ for the thurcthyard. Churchy8fd mainlfjnonce (Hppw B&]u&￿> Churth re￿dering I￿￿dIng W￿k) fund 8roadca5ting e￿I￿ent fimd d ￿ of the cknn*J tsJikJM)g. d(Thtsd for for thg planned proj￿1 to ¥*lall St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes lo th• Flnanclal Statsmonts 2023 423I 53.774 (&39n 471.443 95.281 63.636 518J47 117.410 (5,39n 63•,360 Creditors f685 than 1 > 158.917 Uwestth Re8trkled Trtal Fur# FU￿1$ Funds 2022 Ftted 888èts cUr￿t assets Creditor818ss than 1 424.706 81.330 (3,161) 50187S 87.022 511,728 40.033 121,362 13.161) 127.IY)5 F19.929 16 Con•euat•d L*nd and Bulldkng• and othor C*￿1¢h Prop*ty Thè PCC has the uso of Ihe exduded from ￿ a¢r*ymts by vwtue of $.10(2) Ihg Charlties Act 2011. Mowalla tumishirys h8ld by the Vkw aThJ ChJrc*ward￿s ¢)n $pedal trust for thg PCC aThJ req￿re a I￿jIty fc* (fisr& arg ￿pitalI$￿ ￿er0 appropriate and althated tr) the 8pprow* T￿ed asset categwy. The church h&Ys and certaln dergy accommodation mksskon ofthe church and haNp been in uso many Accordlroty. they have Mt been caprfolised as thern Is Inguffldent Cost H)fom*tion and thgr dgprwated cost 18 Lrdikely to bè material. hjl exper*Jilurg on consgcraled or bengfice t4JiklwvJs 18 ThTMen off in of eXpendI￿re. 17 Rolated Party Tran8acllon• DuriThJ the )ear Mr8 Rachad Jdfwies a ¢k*e to Wtkn Smilh (Chalr of PCC)was emplO￿d for h8r rol8 of m￿s1¢al DYe¢k*. the ￿ shg rgcelv•J a remunèratlon of£6.856 (2022: £6.591). Regstered Ch￿lty no. 1132178 The Parochial Church Council of Ecclesiastical Parish Of St Mary Magdalene. Lillington, Leamington Spa Known as St Mary Magdalene's Church Trustees Annual Report and Accounts Year Ended 31st December 2023 st Mary Magdalene's Church. Lillington Year Endod 31st Docembor 2023 Contonts Pag• Page Legal aThJ Admknlstratfve Inforn￿tK Trustees Annual Report IrKlependent Examiners Rewt Statement of FIn￿CIal Actsmtss Statement of Financial Positw Notes to the F￿￿nCial Statements 10 St Mary Magdalene's Church. Lillington Y•ar Ended 3131 Decembor 2023 Logal and Admlnlstratlve Inforniatlon R•f•rw The Charfty Is called Tré Parijchial Church CcAttl of the Ecdesia$t*a Parlsh Of St Mary Magdaem. Lillngton. Lewnirwn Spa". The Pwoctmal C(u)cl Is knMI as the PCC for shorL ott￿ nam8s ich ara Iho ¢hwity *• %1 Mary M8gd816M'8 Clxrth". The Church is registerad wkn ts Charity CommwK)n for EryJland and Wal&s wa5 th8 16 Ockthr 21X)9. Bo1(Ko tNs thg churth was exempt from r8gistrakn. R•glstWod C￿lIty Numb 1132178 War*icksl*e urch.0 Prfmwy Bank• HSBC LI( Ba￿ PO Box 88 CV32 4BU Indopend•nt Examln•r 125 Main Stre LS25 1AF St Mary Magdalene's Church, Lillington Year Ended 31st Decomber 2023 Trustses Annual Report 1. R•l•rence and admlnlstrthe Informatlon 1.1. Th8 Part¢hial chU￿h CrwrKil fA the Ec#*sO￿al Parish of St May Mtydafene. Lli liryb)n. Leaminglon Spa 1.2. Sl Mary magdale￿ ChLKth. RO￿1. Leamirykn Spa. CV32 7RH 1.3. The Parish Office, Vicar•Je Ro•J, Li*4tCrfb, Sp4 CV32 7RH 1.4. Trustees rl t￿ charity Imeffknets ofthe Parcthi81 ChLYch c￿￿1). Revd. 14Mlliam Smith Sally Dru¢e (from 08105122) Trustee &KI churc1r￿Iden Robin Stuart Innes Samuel Mea¢￿k (ResbJrtl 22104r2023} Revd. Rosemary Caroline Panlli Dr Diana TaL￿ul Amanda mario￿ SteNwf& Lucy Ann Dean Patricia Pc4Jlson Sarah El￿beth Boad Eleancf Mary Hucklesby Christine Anne Butfer Rachel Ouff John Bull Revd. s￿ Fairhurt LaurerKe Reginald C¢￿e Philippa Pritchard (from 08105r22) Revd. Cerys Sm*h (frc 03107f23} Niel Stryd¢)m (from 01108r231 Tntslee Sar&Jane Snatt {Irom 24104r23) Tntstee lan Jamie (from 23104r231 Trustee Graham Cooper (frryn 19ffj7r23) Trustee ChLw¢hw Trustso Truslee Trustee Twsti)? TNste8 Truslee Tnjstee Trustee Tmstee Trnstee Trustee Trustee 1.5. Bankers to the PCC: 1.5.1. HSBC, PO Box 88, The Para(le. Leamrylon Spa. WarwthhTr. CV32 48U 1.5.2. CCLA Investmert Managwnent Ltd, Senakrf HLw8, 85 Queen Vthia Stre& Lon(k>n. EC4V 4ET 1.5.3. The Finaftc￿ Exaniw to the chwch Ko)unts is Wyatt Co. Chartwed Acctwnt￿ts, 125 Main Street. Garforth. Leeds, West Yo￿Shire. LS25 1AF 1.6. Day-l*>day nBnagawit oflhe ¢hurth is wi the haThJ$ clthe Vry. Rwd. Smth. Ilington W￿8￿Je, Vicar*J8 Road. LillIng￿, Loan1ry￿ CV32 7RH. St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Trustees Annual Report 2. Stru¢turn, Governance and Managem•nt 2.1. The ParLxhial Churth Cwnul vs a COrp￿ate establishe¢J by the Clxrch of ENJI￿d. The PCC operates under thg Parochial c￿￿h Councl Powvs Measure. 2.2. The Vrar, the treasur￿ one oth¥. we trustees of a smal ch*ity". Alai*8n anLI Pershouse. that was sel up ¢Y4er 1C4) years ag) to help the of Lillinglon parish. Ad(IitK)nalty, there are Iwo trusts. Cumb8rland. aThJ Cunnvwam which the PCC ¢¢rtrd, the Ir￿ the 1n7¥*Stm￿ts we used by the PCC to further their Obj￿11￿. 2.4. New mèmb8r8 01th? PCC are fvi a of. 8T￿ arB reqwed to rwl. YnJst88shk- an Introduclion for PCC mgmbers". The PCC appoints ono of its n￿ber. or a suilabl8 MernI￿ from the chLFr¢h men*)ership, as a Health and Saf* Offwwith special responsibilty in thi$ area. PAmilarty. the PCC oppo*Its a 8uitably trained men*)er ofthe PCC lo overs60 th& thwch'5 responsbilty for the Safeglo￿ln9 d chibJTen ¥wlr*r* 2.5. Th& VKar and s￿dIng Cmittee ￿￿e¢ to prepare the agerKla to exh PCC meeting. 11 is Ihe function ofthese meetings to erwre that m*rs *e to the PCC in a fashion. 2.6. The Stsnding Committee meets regularfy to ensure that the d￿-ltrdaY pl¥t￿l siness of the Church is carri&J foNard in a tW￿lY fa5hi(m. 2.7. The PCC have agreed on the fol¢xing fr￿ subgrwF6". Finarte. Fabr￿. Charity, ￿rt￿e, Social. 2.8. The PCC minimises risk through intelligent managerrtht of the churth. vnpbementst#)n of sensibbe procedures and adequae insurance. A COMWeh*￿1¥e ffjk assess￿ has ￿t been carried out. but there are specffic risk assessments fcf wgnrf￿ant risk ￿t￿litieS. 2.9. The ne8d for a ReseNes Policy was a￿1 pkn dumg 2022. 3. Objectlves and Actlvitl•s 3.1. The primary c&jectNe of the church is the prom(rtI￿ of the Gospel cl jeSL￿ Christ xcording to the doctrines of the Church of England. The PCC co-coerale5 Wth Vicar in pro￿￿)ting the wh)le miss*)n ofthe Churth.. pastoral, &¥￿e1￿￿C. s￿181 in Lil'ngton Parish. 3.2. The Vi¢ar and PCC promcée the c*jeclNes of the chLrch li seNwal ways Mxluding maintainirwJ and iMpro￿n9 the services ofworship,. lexhing the fath through se￿r￿n series and hcffie groups. provision of occasional offices (weddings, baplisms and funeraLs) for th¢)se Sving in the parish." engegemenl in the local ccrfnmunty {especialty through the Lov8 Lilh'n4on initi*wel: wothing cthety with the l¢xal xhcols; cyn days arKI faits" bU￿'Thj relat*)nships with other churches in thg 3.3. Paid emplcyees contn'bute to wr ¢￿iethe5 by.. CleaniThJ the hal Ioctawnl and parts of ￿ church wemtses Parish and service administration Financial admini$tralion Music dIreCt￿n and leadersh¥J for 3.4. unpa￿ church members ¢ontribule to our object1￿5 Cleaning the church and pr￿lseS Maintsining the churchy¥d Running events such as Sch￿11 visits to help yourvJ pecfjle to ￿age with the K)rk dthe chLrch and for t church to engage with the lrfe of our Ic¢al ccrfr*nunty Volunteering wf(h the bank and fo>J pantry. arKI ￿ tl* Llliryton ConNnunty Acthm Fcrfum. have our initiatNe. Love L￿1￿on, that SUPPOFts the needy ofthe p￿. St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Trustees Annual Report Le•Jing Youth and children's *YJth. such as the JfAth grr￿p. chok end worship barnl. and pkygroup Putting ￿ social events fty the thur¢h ¢(XMithty PrOv￿1ng horne c0mrwnl¢￿ se￿￿eS ￿ parishion8r5 and reS￿￿entIal homes Contributiry to church servKes ty volunteer¥bg fLY the Welcc*ne te￿. h%wlalty, readm9 and le•Jing prayers Flower arraThJir•J Bell Ringing 3.5. The chLrch $4)p)rts ILKa. nationa an¢J internat￿nal ch¥téies wih a commitment to a prowtitsn IAving Chri8tian fOUndat￿n. In addition to enctyjraging congregational g¥vir¥J lo Specif￿ causes at Lent. Harvest and Chr¢tma$. the PCC al￿ wes away a wcentage cl its Mic(xne each year. It is by the PCC Charity COnwn￿e8 as to whth causes slthld go. 3.6. Reptyt hen I listen to the bels rwing on a Sunday nKYning. I ￿ mindhd of a Sound that has a constant for ¢enturies in Lillingl￿. Indeed. one of the bels was cast n 1480 and h85 n￿g (xrt to aM￿nCe countless wedding5. fiJnerals. seNices of worshp and celetKalk)n over the Ye￿8. The Parish chU￿h o¢¢upies a Uft￿U8 role in the lrtal communty and 0￿e again over last mcmths we have played part li the drama of belng humn yet 8190 cOn8dCA￿ thatwe we wt of God's plan fry all creatw)n, a plan m whKh we are drawn more deeply into the knovledge of his love f￿ exh of us the call to share Ihis h)ve. ￿hat a privilege rt is then to ¢elelxate ¢)n¢e again am that has happen￿ tr4er the pmic4Js year and to Ic*Jk forward lo new and exciting initiatiV8s and plans for our c(￿tinuing divide this resxKt into fow sections fo¢ussing on ourworship, dr4cyleshp. ¢orrnnui¥ty *KI vtsk)n. 1. Worshlp We currently have ways in people ¢an fftr ts V*Yxshp. These are the main Sunday Eucharist at 9.30am. OLK All Age w?rshy a 11.15an on Sunday aTrJ our mi(frNeek cOn￿￿n10n Seryice on a Wednesday nK)miry al 10.00am. OrKe a mrrth we have also have an Evening SeNrce on a Sunday at 6pm. 8ut we aso have a frfth way that peep￿ ￿ worshp arKI th* 1$ ￿lIn8. Exh week we IN¢ stream seNices for knal pecple who w no longer p)in us physKalty for those simply live e15there and who have r8lation6hlp wlth St Mary Magdalono's aTrJ wlsh to Conti￿ lo *whip ￿. As a r¢suL we are reguLqrty j¢ined by pecyle in Europe and even as far as Australia. Ow online worship was a gfft lo us frcth the Pandem￿ and in Jaftu￿ 2024 we #)trodLxed a mqor w-grade to our broadcast facilty meaning that we have a mu¢h-wnproved eyperierKe for those View￿ online. One midweek swvi¢g al¢)n& attr*ed 94 onlne viwJ. All in all, rt 1$ iryortart lo u$ to offer a cts)iee of VKrfthip experiertes to a wide range of ages aThJ personal situations. lknr Ihg la51 Iwth mnths have had a rieh variety of seNice provision acmss au our regular sl¢t$ tcgether wilh many special seNKes. Aknost al wi¢es have seen an increase in alteNlance and at our rrAior festivals we have had more peopkn attandwy than bef￿e the P￿￿. 2. Discipleship Grcpwing in ourfaith is a vital part Oftt￿ ryward loum￿. To Ihi8 erKI we CA￿tinUe10 offerthoughlftl leaching on Sundays wilh 9 pecwe who are part of Ihe teachThJ nwni5try. FNe homegrcwps meet regulaty to explore t¢*Jether what il means to be folltrhers of Chnst and caled to serve. We have a y¢xrth group that meets every month. qU￿t day8 offered for spirrtual formation and an an[X￿ retreat for refreshment and renewal. During the last year we have folThved the sLwKlard lection￿Y re&Jings but have also c￿pleted a course of Christian bas*s and durlw Lent a cowse ertiued 'Joww to TranSf0m￿.. In Juno 2tr23 we wore d81ighted to be invited to beccrfne a tsnirvJ parish fcf a new deacon and we take this reswnsbilty very sericwsty. One of the joys of being the parish church is c￿r rektKJnship wrth Ic¢a $ch￿L%. IAÈ Tegularty h)st wsits for seNices exh year and hold three aThJ a half I￿r educabl￿al vists n wh￿h year 3 ehildren k*Jk * the church, Is arehlttt￿re. w￿$h￿ and place in the ktal CO￿1￿￿. ChI￿JreTr *odo sess*)ns on the importance ofthe Irul war MOM￿14 arKI an overvivw cl k¢al Lhlingkn histay. 3. Communlty We tske our rol8 and commitment to the **ler eofftNnty very seiiwsty inde&l. We SUP[￿ Ihe local Fcod Pantry with volunteers aThJ resources and at Chrikn provided 25% of the contents ol the 250 f(￿d hampers that went ¢yJt to k¢al pec*)le. We also suwt ￿ Food Bart other hxal charlies. St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Trustees Annual Report Our Love kn111NJt￿ iiNtiative cortirnM to aSSista￿e lo local people and cperates on wtsfessional referral basis. In the last yearwe have been ableto proNryde cc(&ws. fr￿ge$, beds. earpets. garden ¢I￿anceS and much rKJre. In May we opened tho dc￿5 cl Ihe church arMI streamed the Coronation of King Charles 111 Irve to ¢)ver 50 people. Ihe majwity of whc*n were not regular worshypers. In February 2024 we hosted a seNice fr>r al the kxal Ukrainian people in the wea to the second annNersary of the war wfth Russia. This was appieciated aNI fikned by ITV kn the￿ nalKJnal nvws broa(kast later that day. It is important to us thal what we do is open to 811. To th￿ end we printed editM)ns of ow Parish Magazine that went out lo every home in the p*ish. This was a distribution of over401Y) copies l)oth at Easter and Christmas. Our rrK)nlhly Coffee M¢xnings Flm NwJhts ¥ewell att￿ded by local people and at other times we have had QurL Night. a Concert wth ovw 40 choristers. a Board Gamè event. a Christma5 Far and walks. We have r￿enIty been a*ar(led a Bronze Eco Church **ard for cc¥nmthwt lothe church yard and how we operate within the associal&l buildings. The church ts vrewed Frf)silr¥ety Ihe conywnty. and we remain eommitted to making our faCi￿lIeS as accewbie ar¥J ada￿able to the chaThJw nogJ$ of the hxalty as we can. 4. Vlslon Indeed. it is with our￿%￿p. d*c*sh¥+ ￿ ¢c¥nm￿ to the ¢KxY¥nunity Ilwt wo continue b) pursuè our vision for a church thal is accessble and adaptable. of the tyjlding 15 VKlorian but svJnfftant areas are medieva. As custodians of a listed hx81 landm*k. we ha* a sign(Kanl diity to care. Work has continued over the last twefve nTh)nths on several fronts. The ￿ of the step into ChU￿h wil be extended and a ramp introduced allowiThJ wheekhair and wshchar access. ThE woiect 15 at an advanced stage. IrtsNJe the buildi Wg have a control desk fc* audio and visual syslgms. We Fry¢)se to intrDJuce flexible 5&'ng that wll enable us to do what we currentty do with much greater ease and comftsl and offer many mcye creative c¢ynmunty initHtNes. We will intrctyJu¢e a sep4ery al the Wjlhwest end of the church and a storage area for tables and chairs at the Northwest end of the church. We appreek* that resources are finite. and we approach stthyardship ofth8se carofLIty. Last yearwe ran a ¢￿paIgn lo irKrease our income ar¥J as a result giving rose by 18%. also focussed on time and talen1$ offered and in September hehj a sefvice of thanksgiving to cebebral? al th* pecple aThJ ¢*ntinue to offer. We are lundraising for the planned vANks and are e￿uraged by the of al who affj part of Ihe ¢hur¢h ￿rnMunty twond. 4. Achlovements and perfomianc• 4.1. Aver&p church attendance perweek in W23 Yas.. Adutts {16+1.' 80 ChiSJren and Y￿ng pecple: 10 4.2. The nunkner of occasir￿al offfi￿ in 2023 7KdS: Weddings: 3 Funerals.. 9 Number of people 8aptised.. 7 Number of people Confirn*d'. O S. Flnanclal Revitrw S.1. At the end of2023. in the Gerwal Fwd Rgslrthd Funds. exeeeded Expeftditu￿ by £431. At the end of the year the funds held by the church were £630,360. 5.2. The total of lund5 at th8 end ￿ 2W23- HSBC cwrent ¥¢wnl was £30.476 and CBF FL#7d (Church of Eryland Managed Fund) was £84,087. 5.3. Charitab￿ Folicy intr¢du¢ed in 2016 rgsulled in a Charit*￿ &)natKm tsch nThth of the year. Eleven charities were Support￿ fin￿cHI￿ dur￿￿ the yew thrcwh the poly. Kmhjing £3,625 in dcmalions. Addit*jna1￿. donations were speafied by dorK)rs tr fwr ch*ity appeaL8 and passed on ty the chwch. provhding £2.946 n donations lindudin9 Grft Aid>. 5.4. Thg deS￿nated COVID Emergency Response FuThY was renaffed the VKars DisCret￿nary Fund. TIMS furKI held £2.286 at the start of 2023 and distributed £370. wvK*t¥J fman¢o1 as$tstan¢e ID wanbers ofthe community. St Mary Magdalene's Church. Lllllngton Year Ended 31st Oecember 2023 Trustees Annual Report 5.4. The Love Lillington Cory￿1nty Proj*# FWKI re¢wved cA£3.612 in 2023 aTrJ exp8rvJitwe of£5.771. 5.6. No 58ri0us incidents or other matters ￿C￿Ted dww¥J the yearT*A)th Sh￿tr5 have been trwJht to the attention cl the Chaiity Commission. 5.7 ReseNe$: Th& reseNes he*J at Ihe eNI clthe yew *ere £471.443 in un[estri￿ed fvnds. ofwhieh £423.C66 is held as tangible r￿ed assets. Therefore £S2.549 was held as free reseryes. The reverse polw is to ring-fence 3 monts, wc¥th crf income in roser¥e. For 2tr23 the agreed level was £30,OW. The Finance Commrtlee have judg that this anw)unt WIN enable the chwch to manage". a) Th￿e Th)nths' average spen(ling on essential ilems in o expeThJiture budget. fc¢ ex￿le utitty bills staff expendilure. to alkwi bme lo develop nthv sources of income or lo cut back on related expenditure. b} Any shL¥t4emi need￿ to o)ver in cash bjdggt 6. Publ1¢ Benefit Statement 6.1. Si M￿Y Magdalene Chlth Liwb &) C(rni5$i￿'s puL￿1$hed wldance ¢)n the pL￿lIC Benefft requirement unthr the Clorities Ad 3)11. 6.2. Through the •*rfarKem** ofthe Chrtst￿ laith #i Ihe thurch benth tho publr through the Ih)Iding ofworshi) semces. prayer ff￿￿￿19$, Cou￿8$. groups, weddings. baptisrns. funerals and publ￿ cekbralicn of Chii5tian festivals. Also supporttyig ¢Xher charlies arKI WKlThiduals in need. ec￿￿4butin9 to the spiritual aryj mgnlal health of those who attend. contritr•Jtirq lo the spyitual e¢lucatw rfchikken. Tnwt•H' R•8pon•lbllhl The 2011 Chaities Act require the Bcord crfTntslees lo prepare fwwwl Stat￿￿￿ for ￿ch fmancial yew which give a true and fair vivw of the state of the charity as al the eThJ of ￿ financial year and of the $urplus oi d￿r￿lt of the charty. In preparing tho¥e financial stsI￿ents the Board is required to.. _ Select suiiablg X¢OL￿ll￿j wlKi8S WKI 4)pty thern consi8tenlty. Make judgments arKI estvnates that are reaSona￿e and w￿nI. Prepare financial ststements ￿ the ¢)ngoYw concem basis Lmless l is iityprcpiiate to Frfesume that the Iwst wll continug in 8YiStence. State whether apFdThble acc￿nIn79 standwds statements of T￿on￿￿)￿ed PraCt￿e have been f01lcrt￿d, subject to any material d8PWtUT8S disch)s8d arKI explained in the fnwKial statemgnts. The tnjstees are reSp￿￿b￿9 kn keewg pr￿er a¢¢ountmg reecfds, wh￿h disclose with reasonablg accurw at any time the ffinancial position of the Charty. They aso responsible for saeguarding the assets of the trust hence lor takiig reasonable steps preitntKffi WKI i*lect￿ of1r￿d and other irregu¢afit*s. Slgned b0hawofthoTn￿t￿............................................................... LL ul rtm &w417 Name ofTrustse................................................ . St Mary Magdalene's Church, Lllllngton Yoar Endod 31st Decembar 2023 Indopend•nt Examln•rs Report I rewt to tho twste8s on my 9x￿1n3￿0n oflhg Ilmnclal statemenls d Sl M¥y magjalen8￿ Churth, Lkllngton c*Arty> for tr¢ >wr ¢ThJed 31 20 RMpon*lbllltl•# and Ba¥lB of R•port As Iho trustees of th¢ ¢harity are resp¢￿SIble fly the weparatlon of lh& IlnarKld slatanants in aC￿rdanc* wllh the re(NArements clth8 Chwili88 Pd 2011 {Ih8 of the 2011 Act and wi ¢*Tring (xrt myex¢wnwiatkn I haNp fokned 811 lh8 a￿￿kable Olreckn 9[￿Th by the Clwlty c￿nMIsSIon urKler secllon 1445Xb) fl I confim that l arn qL￿11￿ to ￿lderlake the examknation tecause l an a memb8r ofth8 Insti*Jta of 2. ts finan¢ial $tatwnents th not xc(¥d Thlth ttxtse rec(xds". cr content of accounts set the Ch*￿e$ (A¢tamts WKI ReF¥yts) ReswlolK￿ 2CQ8 othor than ￿Y r¢quiromert that th9 accounts i¥ve a Inje viyat *tbkh is rM)t a matter considered a5 part of an Indep*thl examinatK￿. attonlion $￿Uld bo drawn In report In order lo undwst*KlrwJ ofts a¢¢M• 132.665 24.752 157.417 150.175 Exp•ndltur• Ex￿l￿re on charilabl8 actr￿88 Exp•)diknro ra1$w￿ fwKIs 133,357 31.023 164,380 138,541 134.222 31.023 165245 141.104 Net Income l (Exp•ndKurn) Boforn ¢JaIn￿o￿) (1.557) (6271) 17.828) 9.072 GaltV{loss} on Invesknent portlolo Gal￿11059) on Investment prowty 11 10 (11.552) N•t Incorn• l (Exp•ndiw•) Inch￿kn9 GaIn5￿ (1.557) 431 {2.480) Nat Incom• and N•t Mov•m•nt In FwMI• Total fimds ￿htfOrwAftl Transfe 14 14 502.875 (29.875 127.054 629,929 632.410 29.875 Total Fund* Cwrl•d F¢xwanl 14 471.443 158.917 63•J60 629.929 St Mary Magdalene's Church, Lillington Y•ar Ended 31st December 2023 statement of Flnan¢lal Poslllon 2022 FIX￿ Alsots Tan&ibl• fix*J assots Inve51rnent In￿SIments 24.600 26,240 398,466 398,466 95,281 87,022 10 11 518.347 511.728 Debtors Cash at bank In haNI 12 2.513 114.897 4,512 116,850 117.410 121.362 Cr•dltarn: amounts lallkng du• Tmlthln on• yo 13 &397 3.161 112,013 118,201 Tot•1 A•••t• L•M Curr•Tht Ll•bllll•* 630.360 629.929 15 630,360 629,929 Funds of th• Charlty R¢stri¢ted fvnd$ 14 14 158,917 127,054 UnTeslrtbJ general Oasignated Iwds To141 Ch¥lty FwKI• 46.461 424.982 26,708 47&167 630,360 629,929 Dlrth Respon$lblll•J•• Thèsè fmanaal st8tgm8nts wwe 8pFYrnffjd tylhe board (rftsusta6s for15SUg: Name d frust••: Slgn•d on B•hall of th• TnMl•e•: Dal• of Apyoval: St Mary Magdalene's Church, Lillington Year Ended 31st Docombor 2023 Noles to the Flnanclal Statements 1 Polld B••ls of Prwatlon RecOmm￿je￿ Pracllce: *￿0￿11ng and Rewlvy by Charities Financial Rwtir StaKl¥ds appkabl8 h Iho UK RorAWk d Ireland [(￿rI￿8 SORP 2019 FRS 102) and tho Char51ies Acl 2011. Al•￿*M￿t of ¢3olng cOn￿M ratl(￿ of the ac¢￿Jnts is a gokny basls. Th91nth8s ¢￿$[d¥ that thoro aro no material unr4rtainties ab￿rt Ihg charitys atrflity tr) COIrtn￿ as a goKYJ concem. Fund Unrestrided i￿0 fwyls ¢tynrffjo th0$6 f￿K1$ Yhthlch tho tNst688 are fr80 b use lor purpos8 In furthwan￿ ol the charilable iknesty￿ fuTrds I￿1VJO dgshjnatod frJnd$ Restrkted funds are funds ¥knlth arg to bo used in TA*h Specif￿ r8stricll IrnF￿ by the dr￿K￿ or th8 terni of ap￿al. often krth¥ as a'special offgriry. in Ihg cmrch. oxpl*alkm clthe nalwo rAVKAXO crf aach firMI18 In tho not88 to th• All inming res(wr￿ We rec(￿1¥￿ c*Ke ts dwity entioèmont lo the resc4Jrces, it 18 can b8 measured V*ilh S￿lent reliabimy. . V￿￿tsry Ir¢omo fiDm m¢mbws of tha dxmch ¥a rwnis&d as donatK*rr6 arn Ald￿jed In ftrfl. *lih assacIa￿ Gll Ad I￿all19 kn the Slatemwt of Fina￿1¥1 A¢trvib6s. . Grants entitl￿￿¢￿ is rnt ¢4m&rtI￿aI on Ihe delvirfydspe&fic pthftymanco by charity are reccynised *l18n thg t*comes U￿{m￿￿1ty entiued to Ihg g￿1. accounted lor*t*n In￿1¢88 ar8 (as the p(Mnt dentiilThnt). qualti￿ • Gifts in lfjnd am accx￿nIed for at a rwonatk estkn81e ofth* vakn f•) the dwty or tho amount acfuaty realts•d. . Volunteer time, the value of ¥Y￿ntsry SUFPQrtfor the w(Kk dlha ¢*wrth18 Mt In thè accounls Is dèscribed in Ihe Tnthe$ w￿U81 rewL io St Mary Magdalene's Church, Lillington Year Endod 31st December 2023 Notss to lh• Flnanclal Slat￿n￿ts EKpenditwe Is rettwtsed m an a¢(xu4 basb a5 a IlaWy is I￿￿red. LFabltlgs are recognised where tt is more1Skely tha) r*)t that thern is a legal or crnstnKtprn obligatK Indude costs of ts w0parall￿ aThJ examina11￿ d $latuW acc￿nts. thg costs ofthe matters. Llabifth Rocognltlon LLqbilibes aro re¢¢wils¢d as som a¥ Ihgrnls a lega lx ￿¥1$1￿￿ obllpkn commlttlng th charltyto re80urces. Tanglble Flx•d Ass•ts stated al cost less acuThulatsd depTeclaUon. Det*ecl8lk)n b cknrged on fumiture and eq￿pmeftt is ￿lIten ¢41 ￿ a bgsis w fkne es1hr￿ed u8efil Ive ofth& assel. Land and bullthrys are not depr￿8￿j. B￿kIl￿$ P•nslon8 the Slalement of FIna￿￿ as b8(yJno pay*)le kn xrAydanGg Ihg rules of tha 8ch8ma. Op•ratlng L•4S•S Im$ oftho l•aso. The tharity Is exempt from tax ￿ Is c*wlable a(lib*ies. li St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes to thè Flnanclal Statements 2 kn•￿1• of Incom• Uwo5tiirtsl Restrthd Totsl Funds Funds Funds 2023 l)onatlon• and L•gact•s Donauons Gift ahj 84.182 17.324 17,545 5,451 101.n7 21775 13 13 Grants 103 127.515 Charllabl• A¢tl¥lU Wed(IrvJ wrfj funwal le8¥ 7.175 168 7,175 7.343 6.552 6,552 552 Inv•strnent Income 743 10.81X) 15284 10,800 1(007 743 Total Incom• 131665 24752 157.417 12 St Mary Magdalene's Church, Lillington Year Ended 31s1 December 2023 Notés to th• Flnanclal Statsments Funds Funds 2022 Donallons and Logacl rJonalion3 30.440 3.638 1110.470 18,942 15.304 2,855 2,000 124206 Grants 2,IXIO 38.933 Charltsbl• ktl¥ld Weddlry ar#J fw*ral fe•s 7.769 7.7 7.769 7.769 AGllvltlH for G•n•r•llry hKom• Lathr￿ and rocrfn hire 5.147 5.147 4147 4147 Inv•strn•nt Incom• Bank and In￿ent kntwest ￿ •JIvAl￿d 193 10.800 11993 10M 11030 1.163 Totsl hKom• 110.OIJO 40,096 1SO.175 St Mary Magdalene's Church, Lllllngton Yaar Endod 31st Doc•mbor 2023 Note8 to the Flnanclal Stat•m•nts 3 Exp•ndturn on Charliabl• *Ahlll•s by FWKI Typ• 1￿19strhXed Restrkted Total Fundj Funds Funds mknlstrth costs BulklirwJ and malntenan¢e ¢4)sts 18.688 19.426 6.328 1179 1625 18,688 41.731 11099 1179 572 62.000 22.305 5.771 Communlcatlon cl￿ts Glts fvb lo c*wMy Parish 8h8re Staff Rlated ¢>)sts Staff salari8s 2.947 634 20.477 20A 133.357 31.023 164380 F￿d5 FurKIs Admknlstr8Uon cogts Bulldlng and malntenance cx*ts ctwr¢h and missk)n Cornmunicat*Jn rAists glven to char*y Parlsh share Slaff related costs Staff sai81i8S 19.291 17.589 7.097 19,291 19.736 14,768 2.147 7.671 &359 2579 &938 62.000 16.7&) 16,760 126.144 12.397 131541 Parf•h St Mary M￿16n8 Chuwth i¥ a parish ¢￿TCh of Chwch of ENJland li th• Diet￿ of Covènty. By means of Pwish Shre the tloceso helps the fundwvj of mir#siers, parti￿￿a￿ Pa￿la1 d8r9y. Ihg of vaflous Dio¢esan Lwxlies arK1 w)rk oftho CIMJrth of ENJland as a tAIK4¢. Thts Dicose 1$ 8 communmyrnsourckng a l&sK a charitytyng to raise furNJs tr) meet a need. In 2￿23. the anouni paKI bytha PCC under Iha parish shar8 Yas £62.000 (2022: £62.0￿1 14 St Mary Magdalene's Church, Lillington Y6ar Ended 31st December 2023 Notes to the Flnanclal Statements 4 Exponilturo on Ralslng Fund• U￿OStrICted ROSIrk￿l Total Funds Fund¥ 2023 Inveslment prwty MaIn￿nCe Fund (al￿g 86S FuThl$ 2022 1￿11 1,911 Fund raithg 1.911 2,563 S Volunt••rs The Ghurch benefts greatyfmm the ¥C&mtsryC4)￿ oflkne and m(mty by its fomial members and regulw attendees. Please rts to thè1nth* rgFKXt fty further dètail ￿lunteer ccmlnluttons 6 Ind•p•nd•Tht Examlnalkn F• Fees paydble to tha independent exrntr. 2022 statemenis 1.150 St Mary Magdalene's Church, Lllllngton Yoar Endod 31st Docambor 2023 Noles to th• Flnanclal Statements 20rJ Wages and 881wles 19.998 16,304 479 20.477 16.7tY) Avorago Head c￿nI Number of grnpkn￿ that reCe￿j of m(Yo than £60.IKIO durfng the >parwas as M(Ye than £60,000 any ￿th￿ratiOn as employ088 frcth 1he PCC. [￿ring the Jtw. 9 tri*tees kncurT•J ol p(Kked exp0￿ £.5474 (2022: £7,054) ww• all Incurred for the day tt> day dthe Chari￿s acli4lUe& The types of exPendi￿re I￿￿le travel osts. mlnlsty CA)sts. a(Imln1slrn￿ exPer￿e3 other ¢halabl8 activty expendilure. (2022rn.627). 16 St Mary Magdalene's Church. Lillington Year Ended 31st December 2023 Notss to tho Flnanclal Statemonts 9 Tanglblo Flx•d A*￿ts LaThY and 8ulldiry$ Ewisxnwt Total Cost as at 1st JaNwy 20Z3 Addilions 82mO Cost as a131st Dwiber 2 82,000 Dewedalh)n as a11stJaThwy 2023 760 55,760 D8predalkni as at 31st December 2￿23 57,400 Net Book val￿ a8 at 31st D￿8mber 2LY23 24.600 Net BOL* val￿ as at 31st December 2022 26,240 26.2JO The larKI aThl butldtr&s held by th8 c(mKwlli90 (*. IClwr¢h Hall) Iwil in 1987 £8ZIYJ) and 50 >ears. 10 In￿lm•nt Prop•rty Total Valuatl¢)n Pl 1 January 2023 UNeallsed galn l {k)ss) At 31 08¢￿b￿ 2023 Tha 34 Llme Averth prwrty was last in 2016 by Nwwm￿$ Estalo at a mwket vaue of £305.IyJ). In the years sthequenl lo tt*5 thg value of the Fryerty was revalued ty using the Na￿Ona￿d9 frbu8e WKlex until 2021. Th8 trustees clth8 are ￿tisf￿d that the value Lrf ts property k% IYJI matsridly dlfferertto the mthet Wal￿ of the Ixopty. 17 St Mary Magdalene's Church. Lllllngton Y￿r Ended 31st December 2023 Not•s to lh• Flnanclal Stat•m• 11 Inv••tm•nt• H•ld u Flx•d gS281 95281 87.022 Aarf(et value broutht foThMd 87.022 98.575 UNe811ged galn l (hJ88) Market vAlu8 carriad forward &259 111.$53) 87.022 12 D•btsrn 2022 1272 241 4.303 209 PryayTn￿ts 1513 4.512 2ff23 2022 1.150 2,011 3.161 4.172 St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes to tho Flnandal Statsments 14 Analys18 of Charhabl• Funds 1 JaTh21Y23 kthme Gawkn TMsf¢rn 31 D•¢ 2023 Ufifostrlclad 26.708 131665 (132.030} 19.118 46.461 Dulgnat•d Land & fr08hold l)uMdlffjs Beryl fund Warwid( DC COVID grants fund COVID emgrgw r8sf•)nse ffijrnl. Renamed.. Mcars 424.71 (1.640) 423.066 18.C {18.1Th1 31.1 (182) (30.9871 1.9":6 T¢tsl Unr••trlcted $01875 131665 (134322) (29.875) 471A43 R•strlcl•d Fundi Love Lillrykn luThJ Fabrfc fund IEC Burt L89acy) 8011 rcpé furbj (HC Burt bewesll 11.661 3.612 (5,711) 55,744 60.3n 11.398 11.053 976 (7741 {341 (244) (22) Srnrs. albs fund Choristws. fund ClwJr¢tyard fund {Hornsby beq￿1) c￿nbelIand Income fuThJ Restrkted glfts Churthyard maintenance {H￿p￿IeY beq￿t) Church reordering (bJlkllrKJ lund Musk lund 1478 18 (18) (1947) 6.324 1250 16.004 {12.936) 31.169 35,487 15 (20) 19 St Mary Magdalene's Church, Lillington Y•ar Ended 31st Decembgr 2023 Nol•s to th• Flnanclal Stat•m•nts Broadc8sUng •quIFment fwd 11240 1.4 (9.14n (182) {50) Total 127.054 24752 (31.023) I9￿75 15B,917 Total FundB 629.929 1flh17 (165244 Unrostrlcted FwNI• Unrastrlct•d 39.C61 109.017 (121.370) 21708 DMlgnat•d Land & freoh(41 11(kngs Charle8 WIISC￿ luThJ B￿￿ RethAfX￿ fund Wapthck DC COIAD grants fv￿1 COVID ameryw 426.346 (1.640) (w) (3.601) 21.607 14006 31.169 31.169 (575) Tolal Unr••tsl¢ $20,850 11•.08• 112&0S5) 502.875 St Mary Magdalene's Church. Lllllngton Y￿r Ended 31sl Decombor 2023 Notss to tho Flnanclal Statsments R•8trlct8d Funth Lovo Liifryion fund Fabrfc fuThl {EC Burt Legacy) BeN rope fwthj frlc Burt Bgqugst) Ory￿ fund Servers. ejbs fi￿d Y(xrth worf( 19.634 (T.9n) 11.661 S9.3&3 2.855 (6.474) 54744 12.(KKI 174 1.498 244 ChUrc￿rd fw (Hmby Bewest) (1.471) (3.467) fund Restrlcted g5ft8 Churthyard malntenance {Hippisley Bewest) Churth Reordering (Buildi￿ Y￿rkI FuTrJ Muslc fijnd Broadtssting eqLvwwnt knd Clwrchyard non legacy fund 24 P4) (2,579) 7￿14 1154) (836) 1.250 341 15 11240 12,240 111,580 40,096 {14049) 127.055 Tot•1 Funds 632.410 150,176 {141.104) (11.5521 629.930 21 St Mary Magdalene's Church, Lillington Y•ar EThd￿ 31$t Do¢ombor 2023 Notss to the Flnanclal Stal¢ments Fund D•s¢rlpkns 0•$1gnatsd Fund$ Land & freehold Iwihdirys Charfos Wi150n fund tol thg v*0 oflhg frgthold laThJ armj bu*thy. G￿ fr(¥n a bonef￿ the repaird th& wof. approval from ￿lgInal b￿er•dOr. ntr4¥ thè ro ¥Krt is csynpJ*e. fur•Js *ill bo used for s￿)fiC project& Deslgthl fuThJ folhyAty a hlsk*l¢ that rewk89 th0 WarwTck DC COVID ants lund War*id( LlstriGt CO￿1￿7 Covij Grant to bg swt on swwrting R•#trld•d Fund• Lovo Lifington fund F(Y sy¥xt wvj cwe of mgmbws l¢xal t>pScaly ty provithy (woff kns or pmi8¢A rnaknial Fabrlc (EC 8urt Legaay) Bell ry fund (HC Burt Bequesl) Or9￿ fur#J S8rver8' ats fund Y￿th fund Choristers, luth Churctydrd fund IHLvnsby Bequgst) Cumberlar#J Income fuThl Tempcw8ryfund for seNws abs. TempAyknd set fmm a bewest 8pecrf•for >wth set w> from a tequest SF*dficaltyfor chorlkn. Fw•J rnn•J k• pass ¢)nto C￿Mbertand Charlty. Us•J lor ts recdpt (rffimds for specific appe Fund ft*lha d￿bla lh• rnspj￿ for the thurcthyard. Churchy8fd mainlfjnonce (Hppw B&]u&￿> Churth re￿dering I￿￿dIng W￿k) fund 8roadca5ting e￿I￿ent fimd d ￿ of the cknn*J tsJikJM)g. d(Thtsd for for thg planned proj￿1 to ¥*lall St Mary Magdalene's Church, Lillington Year Ended 31st December 2023 Notes lo th• Flnanclal Statsmonts 2023 423I 53.774 (&39n 471.443 95.281 63.636 518J47 117.410 (5,39n 63•,360 Creditors f685 than 1 > 158.917 Uwestth Re8trkled Trtal Fur# FU￿1$ Funds 2022 Ftted 888èts cUr￿t assets Creditor818ss than 1 424.706 81.330 (3,161) 50187S 87.022 511,728 40.033 121,362 13.161) 127.IY)5 F19.929 16 Con•euat•d L*nd and Bulldkng• and othor C*￿1¢h Prop*ty Thè PCC has the uso of Ihe exduded from ￿ a¢r*ymts by vwtue of $.10(2) Ihg Charlties Act 2011. Mowalla tumishirys h8ld by the Vkw aThJ ChJrc*ward￿s ¢)n $pedal trust for thg PCC aThJ req￿re a I￿jIty fc* (fisr& arg ￿pitalI$￿ ￿er0 appropriate and althated tr) the 8pprow* T￿ed asset categwy. The church h&Ys and certaln dergy accommodation mksskon ofthe church and haNp been in uso many Accordlroty. they have Mt been caprfolised as thern Is Inguffldent Cost H)fom*tion and thgr dgprwated cost 18 Lrdikely to bè material. hjl exper*Jilurg on consgcraled or bengfice t4JiklwvJs 18 ThTMen off in of eXpendI￿re. 17 Rolated Party Tran8acllon• DuriThJ the )ear Mr8 Rachad Jdfwies a ¢k*e to Wtkn Smilh (Chalr of PCC)was emplO￿d for h8r rol8 of m￿s1¢al DYe¢k*. the ￿ shg rgcelv•J a remunèratlon of£6.856 (2022: £6.591).