Registered Charity no. 1132178 The Parochial Church Council of Ecclesiastical Parish Of St Mary Magdalene, Lillington, Leamington Spa Known as St Mary Magdalene's Church Trustses Annual Report and Accounts Year Ended 31st December 2024
st Mary Magdalene's Church, Lillington Ye8r Ended 318t December 2024 Contents Pag• Pago Legal and Administrative Informaticn Trusteas Annual Report Independent Examiners Report Statemenl of Flnanclal Actlvilles Statement of Financial Position Notes to the Financial Slalemenls 10
St Mary Magdalene's Church, Lillington Yoar Ended 318t Docomber 2024 Legal and Admlnl8tratlv8 Inforniallon Reference Tho Charlty18 call8d 'Tho P8rochial Church CounGil of the Eccle8iasli(¥l Pari8h Of Sl Mary Magdaene, Llllington, Lgaminglon Spa.. Thg Parochial ChurGh Council is known as Iha PCC for shorl. Other namas which are usod th& charity aro %1 Mary Magdalone's Church.. Th8 Church is registered 1h thg Chafily Commission for England and Walas 2nd was r@gigler&d on tho 16 Octob@r 2009. Bafora this Iho church was oxempl from rogislralion. Registered Charlty Nurnr 1132178 Reglgtered Office Sl. Mary Magdalene Church Vicarage Road Loamirylon Spa Wal¢kgh4fO CV32 7RH W•bill• lon arishchurch or Prlmary Bankerg HSBC UK Bank plc PO Box 88 The Parado, Leamington Spa CV32 48U Independent Ixamlner Nigèl Wyart BSC FCA Wyall & Co Chariqr8d ACCnIan{S 125 Maln Stro81 Garforlh Lggd8 LS25 1AF
st Mary Magdalene's Church, Lillington Yoar Ended 31st Dacomber 2024 Trugtees Annual Report 1. Reler•n¢e and admlnl$lratlve Inlomiallon 1.1. Tho Parochial Chuich C(wncil of Ihg Eccl•slasllcal Parish of Sl Mary magdal@, Lilinglon, Lqafflington Spa 1.2. Sl Mary Magdaleno Church. Vkaragg Road. Lllinglon. Leaminglon Spa, CV32 7RH 1,3. The Par16h Offico, WKarago Road, Lillinolon, LaaMg10n Spa. CV32 7RH 1.4, Tnjslaas of tha charily (mgmb8ra ol ihg Parochlal Church Councll).. Rgvd. Wllliam Smlh Sally Ofuce (from 08105r22> Robin Sluart Inn88 Revd. Rosemary Caroline Panlling Di Oiona Taulbul Lucy Arn Dgan Sarah Elizabalh Boad ElganoT Mary Huckl8sby Christino Anno Bullor John Bullor Rachel Duff R•vd. Su• Falfhur81 PhilIp Prilchard Revd. Cgry8 Srnllh Niol Slrydom lan Jamta Chalr Tru8teo and Churohw8rdon Trusleo Truste Twstge Twslee 8nd Churchwardon Twgtoo Tru8t•o Trust Trustee TnJ8tèo Trust99 Tru8190 Tru3190 Tre8sur•r Graham CoDpor J•fftoy WSlllam$ Ali3on &mcoGk Truslee Truslee Tw8loe 1.5. BankoTS lo Ihe PCC: 1.5.1. HSBC. PO Box 88, Tho Parad•, Leamlnglon Spa, Warwickshira. CV32 4BU 1.5.2. GCLA Inveslmenl Management Ltd. SenaloT Hou89. 85 Queen Viclofia Str891. London. EC4V 4ET 1.5.3. Th• F5nanci81 Ex8min&r lo Ihg church accour•tS ig Wyall and Co. Chart8r&d Accounlanlg. 12S Moln Slrartl. Garfoth. Leed8, Wegl Yofkshlr&, LS25 1AF 1.6. Day4(aY nagement of thg Ghurth Is In the hands ol Ihe Vicar, Rgvd. Wllliam Smilh, Lillinglon VrATagg, WKaragg Road, Lillington. Leaminglon Spa. CV32 7RH.
St Mary Magdalene's Church, Lillington Year Ended 318t Décembèr 2024 Tru8tee8 Annual Report 2. strncture, Governance and Management 2.1. Tho Parochial Church Councll18 a corporalo bcmjy eslabllshod by Iho Church of England. Tho PCC oporales under tho Pamchial Church Council Pow8rs Al88SUM. 2.2. Tho WKar and tho Ireasuror ol St Mary Magdaleno aro also Ifuslees of a small charity, M•ch•n *nd Pershouse, that was sét up ovor 100 yaar$ ago lo help Ihg poor of Lillington parish. Additionally. Ihero aro Iwo Iru81s. Cumb•rl•nd •nd Cunnin9h•m. which Iho PCC controls. and the income from Ihe inveslmenls is used by PCC to furthar Ihoif obieclNes. Both tha Cumbefl8nd and Cunningham Irusls were Itquidaled in the year ending 3111 Dec 2024. 2.3. PCC members afe appolntad In accordanc8 wlh Church R•pr•s•ntats'¢>n Rul•$. 2.4. New m8rnbef8 of Ihe PCC ara glven a copy of, and arè rèquired lo read,"Trvstégship - an introducllon for PCC mgmbgrg.. Tho PCC appolnls on8 of ils number. or a 8uttable m8mb8r from tho church memborship, a5 a Heallh and Saloty Ofticar wilh sp001 r09Pt)ns1.1itY in this are8, Similarly. tha PCC appoinls a 8ullably118inod mombor of Iha PCC lo ovor886 tho Chh,$ rasponsibility lor tho salaguarding of childran ar vulnorablo adulls. 2.5. Tho Iticar and Standing Commi11o0 mo01 lo propare the aganda prior to eath PCC meeting.11 is the lunction of th? méolings to en$uio Ihal matlgpJ aro br¢)ught lo Iho PCC In a limoly lashion. 2.6. Tho Slanding Commiltee meets fagularty lo onsuro Ihal the day-ItAay pr8cli¢al busin•sg ol th• Church is carii•d loThYard in a limoly fashion. 2.7. Th• PCC havo agi68d on th• folkmlng fiv4 sub9roups'. Financa, Fabric, Charity, Nurturo, and Soci81. 2.8. Thè PCC minlmigés risk through inlalligenl managemanl of Iha church, Implemenlalh)n of sgnsibl procoduies and adequalo Insura0. A comprehon8lve r18k a888ssmenl ha8 nol bèon carrlod out, but Ihere ara Spgcific risk assessm8nl8 lor significanl risk aclNits"8s. 2.9. Tho negd lor a Rg3gtVo8 Policy wo8 idenlS11od and duly pul Inlo placg durlng 2022. 3. Obl•etlves and Actlvltl•s 3.1. Tho primary obleclv¥e of Ihe churchlg the promollon of Iho Gospal ol Jesus Chrlst accordlng lo the doclrfn88 ol Ihè Church ol Eland. Thè PCC C(OPera109 wilh th8 vaT in promolin9 Ihe whole mi9glon ol Ihe Church: pasloral, ovangoll81ic, 8oclal and ocumaniol in Lillinglon Parish. 3.2. The Vlcar and PCC promoto Iho oblecllves ol Iho church in sevoral ways, induding mainlaining 8nd improving Ihe Sgrvicgs of WOTghip' tèaching Iha lailh Ihfough sormon $ori08 and homo groups; proviglon of occasion81 olfic89 Iwaddings, baplisms and luneralg) for Ihose living in tho parish: gngaggmonl in Ihg local Community Iospgci8lly IOugh tha Love Lillinglon inilialivo): working closety wilh the local gGhool8, opon days and lairs, building r@lalionshlp$ wllh othgr chufche$ in tho araa. 3.3. Pald employe83 conlflbul8 lo our oblèclivès by: Cloanlng Iho hall (Oclagonl and parts of Iho church promL888 Padsh and sèrv adminislr8li¢)n Flnanclal admlnlstfallon Music diraclion and leadership for garvwJ 3.4. Unpaid church mgmbars conlribulg lo our cojgclivas by: Clèaning Ihè church and promisos Malntalnlng Iha churthyard Running ovonls such as school visils to holp young people lo engage with the work of Ihe church and lor tha churth lo ongage wlth Iho IKO of our local community Voluntoaring wilh Ihe local food bank and lood pantry and on tho Lli linglon Communily Action Forum.
St Mary Magdalene's Church, Lillington Year Ended 318t Docombor 2024 Tru8to88 Annual Report Wo havo our own inllialiva. Lova Lill#iglon. Ihat supwrls Ihe needy ol Ihe parish. Leadiig Youth and thildren's work, such as Ihe youth group, chotr and worship band, and playgroup Putting on social ovonls for tho church and mmUnI1Y Pfovidin9 homa commun#)n seNirs for parishion8rs and local residential h)mes Ct)ntribullng lo church $oNlcos by volunloerlng for the Welcome team. hospltallty, reIng and leadlNJ prayers Flowor arraThJiNJ 8811 Ringlng 3.5. The church supports local, nallonal and Inlgrnallonal chawilies with a commilm8nt lo a pwoportlon havlng o Chrislian foundalion. In addlllon lo encouraglng congiegalional gwing Io spgcilic causes al Lent. Haryest and Chrislmas, lh8 PCC also gives away a perc8ntag8 of its incom8 8ach year. 11 is adv189d by Iho PCC Chailly Commillee as lo whlch cau808 Ihi8 fflonoy 8IM)uld go. 3.6. Chalr'8 Ropoll Th year's chaiT'3 report is wrltten by Ihe Curala on behalf of lh8 Vicar. who wenl on 8abbaliGal at ihe start of January 2025. 1 am gratèful lo report on Iho aclivilios and conlwiued work m8d8 towards our vision ovor the last year. I havo enjoyed supporting and ctrloadlng Ihls community, and I was grateful to share my rnini51erial loumoy wilh thorn. I wa8 dolighlod10 8ett so many Gomg lo Iho calhgdral and lo rny first $9ryiCg prgsiding al tho Euchari81 Ihls summ6r. I VAlua Ihalr conlinuad supporl. and l am so thankful for all Ihal they do lo support tho church and thè (mmUnIty ol Lillinglon. A8 With prgvtous yoar's raport, Ihls faport is dlvidod Inlo four $8clion$ focuging on ouf worship, digciplt¥Jhip, community and vislon. Worshlp Worship al Sl Mary Magdalang'9. Lillinglon conlinuas wlth 11$ wggular worship 89 wo1189 gervl¢eg for fegllv819, spgcI81 occ8glons and occ4glon81 officag. Tho maln Sunday Eucharlsl Is al 9.30 am. w8 hava a waekly All Agè Worshlp al 11.15 am on Sunday and a midwggk Communion Soprfica on a W8dnosday morning al 10 8m Ihat conlinuog lo grow from slren9lh lo slrenglh. Once a month. continu8 lo havè an Evening Servicè al 6 pm on lh• Ilfst Sunday ol lh• month, although ovgr tho last ygar, tha gly1& of woiship for this Sorv has divarsifigd. Tho gtyle ol wor9hip al thig in Iho mainlg sllll a Sa $8Thko wlth hymns. bul wo havè al80 Inlioduc8d a moro inloimal 8ty19 ol worshlp that our worship band Igad wilh lollaciions Irom ong 01 ¢)ur clergy. We conlinbJ8 to livastream our main Sund8y Euch8rigt sorvlco and our 10 am mldw8•k communion, 83 wèll 88 a fow wcownal office8, Being ablg lo lfve81rgam provlde8 acc988 and conn9clion lo our community rngmbers who aro unable to allend church in person. This has conlinuad lo bo onhanc•d by an upgfado10 a moro permanonl sysl8m In January 2024. Wè are fraquonlty rèmlndéd by Ihosè vtho hava béèn unablg lo allènd church ol the importance of boing accessfft>lg onling and Ihal they slill f&01 conn8clgd Io us ovon lh(h Ihgy are unablg lo allond. With four nursing homeg In our parlsh, wo conducl monthly Communlon and hymn 3lngSng soThlces al the homos as wo11 as 5peGial seThiGe¥ lor Christma5. Easter and Harvesl. We have also enjoyed a small increase In aM8ndanc8 lo our sarvice8 over the la¥1 year, bul wo Wefe parf¢cularly happy lo welcome ovw 800 poople a¢roB8 our four Chrislingl8 services on Chrislmas Eve. In addilion, we wor8 honour9d to hold a service rnarking tho second annlvorsary of Ihg war in Ukrain8. This was a poignant and emollonal Sgrvko Ihal gave 8paco for tho local Ukralnian community and Ihos8 who support thom lo corne iogelher, lamonl and come bofor8 God in worship. WO have also had a $orviGg of blgS5ing for ambula9$ that aro Sonl oul lo Ukralne to support Iho88 on tho fronlline8. Dl$¢lpl•Jhlp We conlinug lo our growlng fallh as a vfjlal part ol our jouwney logelhgl aThJ with God. ThgrgfoTe. wg have contlnuod to offor Ihoughtful teaching across all our ser¥icos from 9 pgopl&, both lay and ordaingd, who afe part of tho 18achlng mlnlglry. Our homogroups continua lo m801 regularly lo expk)Tg what it ffleans lo be followors of Chrisl. We have had sevelal new people Irom our congregallon loin our homegroups as Ih8y wanl lo nuriuro their failh. Our youlh group conlirnJ8s lo mgel every week during lerm lime. We have advertised tralnlng and suppori providod by our dioc950 p90pIg1o ind9Pgndenlly gxplorg Ihgk faith as w911 as providir)g an oppotlunity lor mgmb9fs ol lh9 congT9gallon lo go on (elieal. Wa conllnue lo bg a Guiacy parbh wilh our ¢ur818 boing prl8818d in tho Summor. Wo conllnuè lo régularly host visilg and lako assembliog in our local schwls as w911 as an gducalional vlsil for year 3 chlldren to look al Ihe churth. 118 aichileclura, worshlp and pl8c• In l¢xal community. Children al80 do sggsiong on Iho importanca of Iha loc81 war m8mowial and an OVèTviaw of local Lillington hislory.
St Mary Magdalene's Church. Lillington Year Endod 31st December 2024 Trustees Annual Report Communlty Wo continue to lake our fol8 in lh8 widèr community 8eriou8ty wilh our continuèd attendanrA and engagemanl with Lillinglon's Cornmunily Aclion Forum. This is a lorum Ihal Invi198 local slakoholdw organisalions lo sharo inlormation. ovonts. rosourcès and wisdom on local issuos. Wts also cthtinuè to supporl our local loodbank and communlty panlry vAlh voluntoer8 and donallon8. In addlllon, our communlly Inlllalivo. Lovo Lllllnglon, cnIlnU&S lo suppori th090, by ioforral. in our communty who nood support Ihrough aclion, granls and prayor. Our paflsh magazlno conlSnuos lo bo Producéd and dolivored lo pooplo wlthin tho parish and, Ilko tho Ilvaslrèaming. Is a connoclion to Ihé church for those who are unable lo altond. W• havè agaln produced a Christmas Crosglalk lil@ magazina advartising our Christmas sèrvicas, although wa did not pri)duce an Easlor vorsion. Our so¢Sal aclfvitios Ihis yoar havo includèd 8 bkno 11 walk, an open gardon sumrnor fèlo, film night9, quizzes, suppor ovenings and the annual Christmas lair and monlhty coffee moinings. Wo havo al80 addod Ihroe coff99 morning5 followiThJ our midweek communlon gorvice Ihat raiso ffneY for causos and charflios 8018cted by Ihè congragalion. Thosè havè beon for Ukraine. Macfflillan Cancer Support. and Proglalo Cancor UK. Vl$lon Oui vlslon thg ¢hurch Is that we arg accesslble and adaplablg, vthlchlg 81 the IoTolronl of our minds in all that we do {wor5hip. discipleship, and rMmun). We are a gTade 2 listed building comprising moslly Vlctorian archiloclure wllh some modlaval faalures. Consideffable work ha8 been dona lo advance our vision of making our building accessibl8 and adaplable. We hava approved conlraclorg lo tyjild and install a ramp 01 our main 8nlranGg. avHI wg look fopward lo Ihe wortt slarting and being complolBd in springlstsmmer 2025. Also, work has begn done lo advance our plans for maklng our Snloflor spaco more accossible and adaplablg, as well as initial plan510 rodeyolop our OGiagon {chuich hall). We have ervJaged lundraiseis lo help us fund our vlslon and comfflunlty Inlllallvo as well ag havlng oui own fundralglng e¥onl8 across Iho yoai. Wo 81111 commilled lo our vision and are looking fopward Io $99ing our plans start lo comg lo fruition over Ihg nexl yoor or so. 4. A¢hl•v•m•nts and perfornian¢• 4.1, Average chufch atlendance por waak In 2024 was.. Adulls116+1: 90 Chlldiqn and young pwple: 12 4.2. The nufflber of OGCa8ional Offices in 2024 was: Weddwigg: 1 Funerals- 13 Numbgr of pgoplo Bapllsed., 2 Numbor of p8ople Confirmod: O 5. Flnanclal Revlew 5.1, Al Iho end of 2024, Iha church held £471,253 in unrestr*t8d lunds. and hold £173,411 in resIrled fund8. Income exce8d8d Expenditure by £14.304. Al tho gnd ol Iho yoar. thg lolal lund& hgld by thg church werg £644,664 5.2. The lolal cash al the end of 2024 - HSBC current accInI was £36,380 and CBF FuDd (Churdb ol Englond Managed Fund) wa5 £463,180, and £1.197 was hgld in Surndp anlj pelly cash. 5.3. The ¢haTilab19 poIKy inlr(MJuGed in 2010 rg8ullod in a charitablg donalts)n each monlh of Ihe ygar. Elovgn charities were supporled nancialty during Ihe year through the poliGy, providing £3,870 in donalions.,Addilionally, donallons were speGifigd by donoT$ fof slx charlty appeals and pa8sed on by Iho church, provldlng £3,693 In donation5 (including Gift Aid). 5.4. The designalod Vlcars ok8cr6lnary Fund held £1,916 al the 51art gf 2024 aTrJ dislrbulod £984, providing fknandal a$$islance lo membgrs ol Iho community. 5.4. The Lovo Lillinglon Comrnunily ProieGI Fund received an income 01 £12,941 in 2024 and an expendilurg 01 £6,073,
st Mary Magdalene's Church, Lillington Year Endad 31st Dècèmbèr 2024 TIu8tee8 Annual Report 5.6. No serious IncKlonts Of other mattors occurred during Iho year whith 8houkJ havg been b[ght lo thg allenlion of lh8 Charity CommissKtrn. 5.7 RasaNas". Tha rosarvas hald at tho ond ol Iho year wera £471.253 In unrestricted funds, ol which £32,43319 hold as langlbl8 fixed a88e18, and £373,811 afè ld in dosignalod fund8. Therefore, £64,939 was hold as fr68 rose@8. Thè r&vgrsa policy 1$ lo ring-f8nco 3 months, worth ol unrestrted income in roserve. For 2024, the agr8od 18voI was £35.603. Thg Flnanco Comrniltoo haw ludood Ihal thls amount wlll onablo Iho church lo managa: a) Throe monlhs. avaraga Snding on 0s8onllal iloms In our oxpendiluro budgal. for oxample ulillly blll$ 8nd slaff expgndiluwo, lo allow tirn& lo d&v&lop naw sourc$ of Incoma or to cul back on folalod expondilure. bl Any short- term amount ngoded lo covor 'lroughs' h) tho cash budgol 5.8 Al the dato ol approvlng tho accounls. Ihg Irusla99 GOnder thel Ihoro afe no malerlal fficortainli08 about Ihe charity'a ability lo CtinUe a8 a Ing concom. O. Publlc Benefit Statement 6.1. Sl Mary Magdaleng ChurGh Lillinglon givgs duo con8ldoTallon to tho Ch8rily Commission's published guhjancg on tha Publk Bongfll roqulremgnl der tho Charilies Act 2011. 6.2. Th9 gdvoncemenl of the Chii81ian lailh in Ihg church bangfils th• public through tho hokjing of worship 891vics. prayol moalings. COUfSOS. groups, woddings. bapllsm8, lunarals and publi¢ rAlobralioTr of Chiiglian fogllv81s. Also, supporting othgr chafttles and Indivlduals in npgd, contribu1g lo tha 8plrilual and mgnlal hoalth of Ihoso who attond. and contr1ling lo the spknllu81 oducallon of ¢hlldfOn. Trusle•8' R•spon8lbllltle8 The 2011 CharitigB AGI re4uirg IhB Board of Trust998 to preparo financlal slalomenls for each flnanclal year. whlch glv8 a Irue and fair vi8w of Iha 91810 of Ihe charfly a8 al thè end of the financial year ond ol thg 3vrplu8 or deficll of the charty. In proparing Ihosg financial 81alem8nls. the Board ig roquifed to., - 891gcI 8ullablg accwnllng polioes and apply them consisl•nlly. Mako ludgrnenls and gslimalos Ihal are reagonabl• and prudanl. Propafo finanGial slatBmenls on a going con ba818 unl98511 Is inappwoptiale to we8ume Ihat tha trnsl wlll tlinU in 8xist09. Slatg whelhgf applicablo accounting Standards and $1ol•m•nlg of Tocommandad Praclice have bggn followod, subjecl to any malènal departuras di8clo8gd and oxplalned In Ihe linanc4al 8lalemoThl8; Tho Irusl•os aro rospon8ibla for kooping proper accounting records, which disc10 wllh r•a8onabl• accuracy al any lime th8 finanrthl posrtion of Iho Ch8rily. Thoy 8f• also fèsponsibla lor Salaguarding tha 93g81s of Ihg Irusl and, hence, l(x laklng ro08onable 8lep8 lor the prevantn and deleclion ol Iraud and olhèi Iwiégulafllié¥. Slgned on bohalfof lh8 TfusIo08............................. Name ofTnrntoe . GOfLLI SMl71 f Dato:.
st Mary Magdalene's Church, Lillington Year Ended 31 st December 2024 Independent Examiners Report I reF lo thg trust998 on my oxaminalion of the financial slalemgnls ol Sl Mary Magdalone's Church, Lillington {'Iho charlWI for tho yoar oThYod 31 Décembor 2024. Responslbllllles 8nd Baits ol Report A8 Ihg ITus199s of ihq charity you arg Tgswngiblo fof th& propafatwjn ol lh• financial slatom@nl$ Sn accordanca with the faquir8m&nt8 ol tha Chaiitios Act 2011 1'lh& Act,). I rèporl in r&sp@cl of my oxaminalion ol Iho ch8riV$ financial slalemonts Carwigd out und&r goclion 145 of tho 2011 Act and in Cong out my oxamination I havo lollowod 011 Iha applicablg Dlréctic5 givèn by Iha Char6ty Commission und8r seGllon 145(51(b) of Ihg Act. Independent examlnefs Statement I confimi Ihat l am qualld lo undertako Ihe examinallon bgcaug018m 8 momb9r of the Institute of Chartgred AcGountsnl¥ in England and Walos IICAEW), which is of Ihp li8led bodles. I havo rA)mplgled my examination. I confinn ¢hal no malgvial mattors have comg to my altenlion In conngctK)n with Ihe examination giving rna causg lo bg1i9v& Ihal in any malgrial rgSP9GI: 1. accounliThJ roc$ wgre not kept in of Ihg charity os r8qulrod by sgdion 130 of Iho Ad; OT 2. Ihg finandal 61atomenl8 do nol aeKord wilh Iho80 re¢ordg: or 3. the Ilnanoal 81olom4n18 do nol comply with Iha applicablg rgquiTemon18 ¢fjn¢oming tho fom and nlAnl ol arxounls 801 oul In Iho Charili08 IAccthnl8 and Hopo¢lsl Flegulalton8 2(Y)8 olhof Ih8n any roquir8rn8nl that th8 accovnlg gwg a 'lrua s1 falV vl8w %thlch19 not a mallof c0rr81dof as part of an Indepondonl oxaminatH)n. I hava no Cnc•m3 and hav8 como acro88 ft0 oth8r mattors in connéclion wllh Iho èxamlnailon to whlch attentlon should bo drawn In th18 report In ordef lo enable a propor under8tandlng ol the occounl8 10 bo Igachod. Niogl Wy8118SC FCA Indepand8nl Examlner 125 Main Slrg01 Garf¢)rlh L89dg LS25 1AF Dat•.. 2•20
st Mary Magdalene's Church, Lillington Year Ended 31 st December 2024 Statamont of Financial Activiti88 2024 Unreslricled Restted Funds Funds 2023 Tolal Funds Tolal Pund$ Not• Income Donations and1ogac199 Chorilable actlvlllos Adfvllie8 for gonorating income In$1m•t income 113.795 10,068 7,735 16,518 39.453 153,248 10,008 7,735 17.663 127,515 7,343 6,552 16.7 1,14S Total Incom• 148,557 40,598 189,155 157.417 Qxpendlture Expenditure t)n charilabla aolivi11gs Expendiiure on raising lunds 136.183 1,211 14,043 78 150.226 1,289 164,380 865 Total exp•ndftuf• 137,394 14,121 151,515 165,245 Net Incorne I iexpendltuwe) Before Galng1(Los•$i 11.163 26.477 37,040 {7.828) Galnl(108s) on inv08liTignl portfol Goi(10•$) on invoslrnonl prowrty 11 io 2.181 2.181 (25.517) 8,259 125.517) 114,3S4 N•1 In¢om• l (Ixp•ndllur•) Includlng GalnsllLose 28,658 14,304 431 Net Incom• and N•t Mov•m•nt In Pundg Total fundg brr9 lorward Transfors 14 14 471.443 14,164 158,917 (14,164) 830.360 629,929 Total Funds Cafrfed Fonmard 14 471,253 173,411 044,664 630,360 All Incomo and wandlturo darfvo frorn cx)nllrning adivi11gs.
St Mary Magdalene's Church, Lillington Year Ended 31st D•cembor 2024 Statement of Flnanclal Po8ltlon 2024 2023 Note Flxod Asset8 Tangiblg fixed assels Inveslmonl proporty Inveslmonls 32,433 24,600 398,466 95,281 10 11 97.462 129,895 518,347 Currenl Asgets Doblorg Cash 31 bank and In hand 12 17.087 9)0.757 2.513 114,897 517.844 117,410 Credltors: amounts falllng du• wlthln on• yèar Net Cuffrenl A•••ts 13 3,075 5,397 514,769 112,013 Toial Assels Les• Current Llabllllle• 644.664 630,360 Net Asgets 15 664 630,360 Punds ol the Charlty R8slricl8d lunds Unreslricled lund3 Unr8stricl8d g8noral Doslgnaled lunds Toial Charlty Funds 14 14 173.411 158,917 64,939 406,314 46,461 424,982 644,864 030,300 Dlrectors Responslbllltles Those financlal statomonls wero approved by Iho board ol Irust008 and aulhorlsed lor Issue". Nam• of Trustee: tyrrH Slgned on eehalf ol the Trust•e$: Date of Approval: 25
st Mary Magdalene's Church. Lillington Year Ended 318t Decembor 2024 Notes to the Flnanclal Ststemènts 1 Accountlng Pollcles Basls ol Preparallon The financial slal6m6nls havé boon prèparèd in accL)rdanca with Iho Slatamonl of Recommgndod Praclice. Accounting and Reporting by Charili8s Financial Reporting Slandards applicablg In Ihe UK and Republic of Ireland {Chariligs SORP 2019 FRS 102) a1 Iha Charili&s Act 2011. Assessment of Goln9 Conc•fn Proparation of Ihg accounts Is on a goSng concem basis. T Iruslaos ¢onsid8r Ihat th8r8 awe no malgrial uncgrtainlles aboul Iho thaiws ablllty lo conllnuo a8 a going concern, Pund Accounllng Unroglrlclod Incom6 funds C4Jmpri80 tho80 lunds which tho Irug1909 aro froe lo use lor any purpo80 In furlhgranco of Iho charilablo objocls. Unrestrict ndS IlUd0 dosignalod funds whore Iha Irusl869. at Ihoir dis¢r•lion, have 80188ide f&8OUW¢•8 lor a 9po¢if Rgstrktad fund$ Ofo fund8 which are lo bg u8gd in accordancg wilh Spgcific regtrKliong •mposgd by thg donor or th& twm of gpe¢lf4¢ appoal. often know a$ a 'spgoal offoling. in the church. Further explanation of the nature and purpose of each fund18 included kn tho r1•3 lo the accounts. Incomlng Itesources All Incomlng regouTCaS aro r8cw188d th)ca tha charily ha8 gnlillomonl lo tho T•8¢0$,11 Is probablo Ihal tha rg$our¢98 wiu be rocoivgd, and the monetary value of inc(9 rosourcgs can bo measuied *ilh sulfic48nl r•liabilAy. • AJI volunlary InMe from momberg ol the Ghurth are recognlsed 89 don811$ and are kncluded in full, wilh as8oGiated Gift Awj weGgivablg in lh8 Stalem8nt of Flnand81 Acllvltl•$. . Grants wh•r• •niill8mont is not wmlilional on tho dolivary of gpgcific p8rfornianc8 by lh8 charity Arè fyAJgnlsgd whgn Iho charlty bocomo9 unCcdIl10na1IY enlllled lo the granl. Income resourcas from Gharilablo trading activitios 8uth as 1ho10mi of Ihg bulldlng afo accounlod lor whén Invoic99 arè up (89 poinl ol gnlillamanll. Donaled 8ONiC88 and f8cHllio8 arè Includéd al tho valug lo Iha charily wh9ro this can tj quanlffi8d. • Glfls In Klnd alè accounlod for al g reasonabla ogtlmalg of tholr valuo lo charlty or Iho 8mounl xlually 1gali8od. • Voluntoèr tlmo, thé valuo ol volwrtary support for the wk ol thg church is 1 includod Ihg accwnls bul is d88cribod In Ihg Tiusl•o8 annual ièport. • Invé8thwnl incom818 Included in lh8 aGGounls receivab. io
St Mary Magdalene's Church, Lillington Yoar Ended 31st Decombor 2024 Notes to the Flnanclal Ststement8 Resources Expended Expgndilure 18 rgccqni89d on an accrual basis as a liability 18 I•d. Liabililios ar• ra(x)gnisod whor61118 More Ill(6ly than not that Ihoro is a logal or conslruclivè obligalion commilting Iho Ghaiity lo pay oul the resoufces and the amounl of Ihe obligation can b8 mèasu1 with r&asonablè cgrlainty. Governance Costs Includ& t19 ol lh& prép8rallon and 6x8minalion of 8talulory accounts. thg costs of tha Iruglg99' maolings and cosl of any kgal advlco lo trusto08 on govamancé or c4ins1ilutional maller8. Llablllty Recognftlon Liabililios are reeAgni8ed as gn 88 Ihor•18 a log81 or ¢onglmcllva oblrgalion ¢ommitting Ihg charity lo pay (Art ra8oUrCs. Tanglble Flxed Asselg All assels co8llng mar• Ih8n £700 aro capi&118ad and al higloric o)gt. Fixed 8ssalg ara slaled 81 co$l1959 auml019d dgproclallon. Deproclallon Is ctharged on furnitUT8 and wipmenl bthich18 wtltton off on a slralghl.rlno bag18 01 Ilmo ostlmalod useful lfvè of tho 888è1. Land and buthlings aro depr1910d ovgr 50 years. Buildin98 EquSpmonl 50 yeaf8 straighl Ilne 2-10 ygar8 slraighl lino Penslons Tha charlty oparal•s a dèllnad contribulitin pgn8ion sd8. Contribuliong are chargad to Ihg Slalomonl ol Flnand81 Aclivllios as Ihgy beciNne payablo in aGGordance wilh the 183 of Ihg laMe. Operatlng L•a8eS Rgnlal thargos payablg undgr oporatlng loasos are chargod on a straight line basi8 ovar th9103 of Ih91gaso. Taxauon Tho charify Is oxompi ir(xn tax M ils ¢harilablg aclivilios. li
St Mary Magdalene's Church, Lillington Year Ended 318t Docembar 2024 Notes to tho Flnanelal Statements 2 Anaty$l$ of In¢ome Unroslriclad Flestrlcted Total Funds Fund8 Funds 2024 Donatlon8 and L•gacle5 Donations Gfft ald Donat goods and serylceg Léga¢ios Gfant$ 96,407 17,388 29,402 4,051 125.809 21,439 6,000 39.453 6,000 153.248 113.795 Charftoble Actlvllles WeddIj and funeral f908 Oclotot8 9,872 9.872 196 10,068 10,068 Actlvttlèi lor Generallng Income Lettlngs and room hire 7,735 7,735 7,735 7.735 Inv••tm•Trl In¢om• Bank and invè8lménl Intèrèst and divKhnd income Rantal incorna from inveslmenl proporty 8.981 7,537 1.145 10,126 7,537 17,803 16,518 1,145 Ixier Olhor Income 441 441 441 441 Total Income 148,557 40,598 189,155 12
st Mary Magdalene's Church, Lillington Year Endod 31 st Decembei 2024 Not•8 to the Flnanclal Statemen1¥ An•tysls of Income Coni. VnT8slrict8d R8slriclgd Total Funds Funds Fund8 2023 Donallons Jnd Lega¢les Donations Gift aid Donalgd goods and 89ivice8 Logad08 Gran18 84,182 17,324 17,$45 5.451 101,727 22.775 13 13 3.000 2.000 103,506 24,1 127,515 Charttable Al¥ltIeS Wgddlng and fungral fgos 7,175 7,175 7.343 7,343 Actlvltles for Generatlng Incom• Lolling8 and room hiro 6,552 6,552 6J52 Inv•$imeni In¢om• Bank and Inv081manl Intorèsl dlvidond incom8 Rent81 Income from Invosimonl prortY 4,464 10,800 743 5.207 10,800 15,264 743 18,007 Other Olhar Incom• Tolal Income 132,665 24,752 157,417 13
st Mary Magdalene's Church, Lillington Year Ended 318t O•cemb•T 2024 Not08 to Iho Financlal Statemènts 3 Expendllure on Charllable Acuvllks by lund Typ• Unreslrlod Reslflclod Total Punds Funds Funds 2024 Admlnlstralion costs Btsildlng and mainténancè u)8ts Churth and Missil aclrviligs Communlcalion costs Detx8clallon Glts givon lo chartly Parlsh sharo Staff rola1 co8ls Stsff sal81108 18,150 13.S14 9,276 2,486 2.275 4.854 62,OCrf) 189 23,439 136,183 1&150 17.869 14271 2.480 2.275 8.547 62,000 189 23,439 150,226 4,3SS 5,995 3.693 14,043 Unfeslrictad Ra8tricled Total Fvnds Fund8 FuThJ8 2023 Adminislrallon costs Bulldlng and mainlenance cost8 Church and mission aclivths Cornmunraknn co818 Glfts glvén lo Charity Parish share Staff rg101od costs Staff 8alarle8 18.688 19,426 6,328 2,179 3,625 62,IXIO 18,088 41.731 12,099 2,179 0,572 02.000 634 20,477 22,305 5.771 2,947 20,477 133,357 31,023 104380 Parlsh 8hare Sl Mary magdan@ Chureth 18 a parish chvrch ol Ihg Chufth of England In tho Dlocose ol Covonlry. By maan8 ol Parish Sharo lh8 Dioc0 h8lp8 t funding of minislor9, pathularty parochial clgrgy. Iho work of varnus Diocesan bodigs and ¥wrk of the Church of EnglaThJ as a who19. Thg DioGo99 is a community cosourcino a common lask. and not a charlty Irwng lo raisè lunds lo mg91 a nged. In 2024. Ihg amount paid by lh8 PCC undar Iha parish share was £62.OtKI12023'. £62,OCKI). 14
st Mary Magdalene's Church, Lillington Year Ended 31st December 2024 Note8 to the Flnanclal Staternents 4 expendllure on Ralslng Fundg Unrgslriclgd Rg8lriclod Total Fund9 Funds 2024 IestMent proporfy mainlgnance Fund raiging 1,211 78 1,211 78 1.289 Unroslrlclod Re81rlcled Totsl Pund¥ Funds FUN18 2023 Invoslmont propety malnlen8nce Fund r81glng 865 865 865 865 S Volunteers The chufGh benefits greatly tr(Kn lh8 voluntary contribulion8 of lirne and money by 118 foal mernber8 and iegular allondoos. Plgaso rolgr lo the ITusleo's report for lurlhgr dglail about voluntger nlribulions in tho organi88llcm. 6 Independent Examlnatlon Pees Fe88 payablo lo Ihg Ind8pendenl examiner lor: 2024 2023 lThJondOnI examination and Fyeparallon of Ihè financial slalemenlg 1,274 1,225 Is
St Mary Magdalene's Church. Lillington Yoar Ended 31st Decembor 2024 Notes to the Financlal Statement8 T st411 Costs Tho total slaff c05t8 and employe8 bgngfi18 f(Y Ihe roporting Pgfk)d are an8ly3ed as follows.. 2024 2023 W8g88 and $2laTiWJ ial $8curity costs Employar conlribulions lo pension plans 22,932 19.998 507 479 23,439 20.477 Thg avgrag9 ho8d covnl ol offlployoes during tha year was as fcAIow8: 2024 2023 Avoraga Head Count Numbai ol ampl009 Ihal I91¥d ampl0• bénafils of mora Ihan £60.000 duriThJ tho yoar was a8 follows: 2024 2023 Moro than £60.000 Tho kgy managem8nl pew8onn81 of thft organi8allon18 the Vlcaf and Church wardon. N8llh&r re1ve any romunerallon as grnpIoyg99 from the PCC. 8 Thistee RemuDer1Qn, Expen¥e8 and Donatlong DU[W yoar. 10 trug1g•s incurr8d oul-ofy¢ked •xponso8 lolalling £6.099 (2023: (g Imstees, £S.474) Wthich wora all Incurrthl for Iho day lo day running ol Ihe chadvs ac1lvll1. The typeg of expendllure Incl19 travol cl18, mlnlsty costs, adfflinlslrallon 8xpen8e9 and purcha8• 01 gquipmgnt. During Ihe ye8r Iho tolal aggf@gal•d donallons mado lo tho charity by Ihg Irugtag's W88 £17,489 (2022.'£23,6271. 16
St Mary Magdalene's Church, Lillington Year Ended 31gt December 2024 Not08 to the Flnanclal Statement8 g Tanglble Flxed Asset* Land aThJ Buildings Equipm&nl Total Cosl as al 1st January 2024 AdditH)ns 82.000 82,000 11,748 11,748 11,748 Cosl 89 gl 31st Decgmbar 2024 82.01)O 93,748 D8preciation ag 811st January 2024 Depreciation Chaige Depreciation as al 3181 Dmbar 2024 57.4C4) 1,640 59.040 57,400 3,915 61,315 2,275 2,275 Nol Book Valu• as al 318t D0mbar 2024 22,9iJO 9,473 32,433 N81 Book Valuo a8 al 318t De¢ambor 2023 24,600 24,600 Th9 land and bulding9 held by thg thurch compromlgo of., Oclagon {ChurGh Halll buill in 1987 co8liThJ £82,000 and dgpreGialod ovgr SO year8. 10 Investment Pioperty Total Valuallon At 1 January 2023 Unreallsad galn 111088) Oisposals Al 31 December 2023 398,466 (25,517) (372,949) Tho Invoslmenl propgty, 34 Limo Avgnug. wag sokl on tho Slh S9plgmbgr 2024 lor £372.949 Iho proCodS from tha galo 15 held in Iho Limo Slrg01 Building proceads fijnd. Thg10gs mad8 on Iho salo 01 the property was £25,517. 17
St Mary Magdalene's Church, Lillington Year Ended 31st December 2024 Notes to the Financial Statement8 11 Investhientl Held as Plxed Assetj 2024 2023 Invaglmgnl kK)rtlolio valualion 97,462 95.281 97,462 95,281 2024 2023 Mafk•l valuo broughl loThYard Salg3 Unrgallsed gain l (1088> M•rk81 valuè eAnigd f(Thard 95,281 87.022 2,181 8,259 95.281 97,462 12 Deblor¥ 2024 2023 AcnIS r•e4lvab Propaymgnts 14.g24 2.163 2,272 241 17,087 2.513 13 Crediior•: amounts tslllng due wlthin one year 2024 2023 Accrualg Tral8 craditors 1,284 1,791 3.075 1.225 4,172 6,397 18
St Mary Magdalene's Church, Lillington Ygar Ended 31st Docember 2024 Nole8 to the Flnanclal Statemonts 14 Anatysls of Charltable Fundi 1 Jan 2024 Incomg Expgndiluro Gain3lLo3os Tran818r8 31 Dec 2024 Unrestrfcted Funds Unreslrlcted Go181 Fund 46,461 148,SS7 (134,770) 4.691 04.939 Oesignated Land & freehold buildirys Llme Street building salé pracd8 VI¢9 di$uolK)nary lund 423,066 11,640) {25.5171 1363.4761 32.433 372,949 372,M9 1,916 1984) 932 Total Unrejlrletéd 471,443 148,557 (137,3941 125,517) 14.164 471.253 Re$trletsd Pundi Bell rope fund (HC Burt Boquest) BroJJca8llng 8quipm8nt fund Childfgn lamill project woT Church reordering (buildiro work) fund Chur¢hyord lund (Homsby boquesll Chur¢hy3rd mairblonance (Hlpplsloy béqu1 Cumb8rland Income lund Fabric fund IEC Burf Lovg Lilliwlon fund Organ fund Re8lricled gifts 11,953 146 11099 4,401 254 {4.655> 12,1XJO 11000 35,487 11,043 (4,106) {8,6101 34814 29,892 198 (297) 655 31448 7,028 48 48 158 7,282 899 (899) 60,372 9,502 1,222 01,594 16,370 293 14891 12,941 293 2,922 (6,073) 282 (3,693) Total 158,917 40,598 2,181 114.1041 173.411 Total Fund¥ Total 030,360 189.155 (151,515) (23.3361 644.664 19
St Mary Magdalene's Church, Lillington Year Endod 31 st Decem1 2024 Note8 to tha Flnanclal Stalemenl8 Anatysls of Charlrable Funds conr. 1 Jan 2023 Incomo Expondilurg G8inthg9 Tr8n8fors 31 Dec 2023 Unrestrl¢ted Punds Unrestrlcted Ggneral 26.708 132.66S 1132,030) 19.118 46.481 Deslgnated 80ryl Réd*yx)d fund COVID omowggncy r9$pOn fund. Renamed: Vlcars digcralionary fund 18.006 118,006) (370) 1.918 Land & freehold buildlng8 wal¢k DC COVIO grants fund 424.706 11,640) 423,060 31,169 1182> 130,987 Total Unreslrlcted 502,875 132.665 1134,222) 2•.875 471,443 Reslrlcted Fund• Love Lillinglon fwKI Fabric lund IEC Burt Logacy) 8011 rope lund (HC Burt Boqu•g11 Organ lund Server8, abs lu1 Youth w)rk fUj ChIsterS, lund Churchyard fund (Hornsby Bequesll Cumbedand inGOrnO lund Re91ricted glfts ChuTchyard maintenance {Hippisloy 8oquost) Church Rwdgwlng (Bulldlng work) Fund Music fund 11,661 3,812 (5.771) 9.502 55,744 4,628 60,372 11,398 11,953 976 (222) (774) 134 (244 {22) 50 244 22 26,732 632 2,478 29,892 18 (18> 2,865 (2,947) 282 6.324 7.028 1,250 16,004 (12.9361 31,169 35.487 15 120)
St Mary Magdalene's Church. Lillington Yeor Ended 31 st Dec•mboT 2024 Note8 to the Financlal Statement8 Anatysls ofchartiabl• Funds conL l Jan 2023 Iom& Expondilure GainslLosès Tfanslars 31 Dec 2023 Re$irt¢red Funds ConL Broadcasling oquipmonl fund Churchyard non lagacy fund 12,240 1,490 19,147 (182) 4401 50 (50 Total 127.054 24,752 (31,023) 8,259 29.875 158.917 Total Punds 629.929 157,417 (165.245) 8,259 630.360 Fund Tran*leis BroadGa81ing oqulpmont fund As581 ol Broadcasllng aqulpmgnl Iransforrgj to Goneral fund lor d9preclI0n Chuf¢h loordering (bulldlThJ workl fund Ftsnds translerrod lo support tho o)st ol Iho broadcaglln9 gwipmonl a8801 PUf¢ha$g Cumbadand Fund nvoslmenl fund was liquldalad during the yoar and tho lundj wgra avalbl• for ganeral purposes. lund O••crlptlons De•Igned Fund¥ Baryl Re(k¥wd fund Daslgnated fund lollowing 8 hist10 legaoy ihal raqulrag thg PCC'$ approval lo bg u80d. Fund Ihal holds lh• v8luo ol th• Irèghold land and builrfings. Proc99ds from Invg8tmonl proFgrty 8019. Land & fr••hold buildings Limo Slrggl bulldlng sale procoeds Warwlck OC COVIO gran18 lund WaliCk District Councll Cov#1 Gianl lo bè 8penl on 8upporliThJ ac¢éss lo Iho Church by tho ¢ommunity {agrgod at pcci Regtrlcled Funds 8911 rope fund (HC Burt Bequesll Churthyard lund (Hornsby Baqu&$l) Chuwchyard mainl&nanc& (Hippisloy Bgquèsl) Cumbarland incomg fund Int•nded for malnttananco of I11 ropes. Fund lor the mainlenanGe of the churchyard and graveyard. Fund lor th8 doubla gravo and the residue for lh8 churthyard. Fund raised to pass t0 Curnbgdand Charty. 21
st Mary Magdalene's Church, Lillington Year Ended 318t Oecemb•r 2024 Note8 to tho Flnanclal Stalémenta Fabr fund {ÉC 8urt Logacy) Love Lillinglon fund Inlondod for maintenance of church la1¢. For 8upp)rt and care of mambor8 of Ihè local comfflunlty typlcaly by PFovidlng one-off Ilemg or prolecl malwlals. Intendod for malnlènanco ol eJ)urch organ. U88d for Ihe rocoipl of funds lor sp&clfic appgals. Mon8y donat for Ihe anll¢lpalgd work lo improve Ihe Inlerlor aThJ aGGgssknility of the Ghurch buildiTrJ. Monoy donat1 lor use for tha plann8d projacl lo install broadcasting equipfflent and improve the AV provlslon ¥rilhin th9 churth Lwmllng. Organ lund Rostrictod gifts Church rtaordeflng (building workl lund Broadc881ing aquipmonl lund 15 Anaiysls ol Net Assets eetween Pund$ Un1081dcted Re8trklad Total Funds Funds Fvnds 2024 Fix•d a88018 Currenl a888t8 Cr8ditOfS1488 Ihan 1 yoar 32.433 441.895 (3.075 471,253 97,462 75,949 129.895 517,844 13.0751 044,664 173,411 UnrastnGtod R98tricled Tolal Funds Funds Funds 2023 Fixed assets Cuffénl 888•ts CrodllorJ1088 Ihan 1 wr 423,(66 51774 (5.397) 471,443 95,281 63.636 518.347 15,397 630,380 158.917 16 Conmcrilod Land and 8ulldlngs and olh•r Church Prop•rty The PCC has the uso of tho chwch property whlch is exduded from Ihe accounls by virtue of 8.10(21 of Iha Ch81i1198 Act 2011. Movablè church furnlshings hgld by Ihg VIc8r and Churchwardens on oclal Irusl for Iho PCC and which fequlre 8 faculty lor di$po8al arè ¢apilallsed whore appTowia1g and allaled to Iho approprialo Ilxad assgt calggory. The church halls and certaln clergy aGcommod8lion arè hold in Inigl by Ihg Covanlry DiocagAn on beho11 of Iho PCC. Tho9& proporllos ar• ossenllal for tho mlsglon of the chuwch and have beon in ug0 for many years. AcGordlngly, they havo nol been capilali98d as Ihorg is Ingulfidenl cost infoimali( and their dgpfgTraled c031 is unlikgly lo be fflatgrial. All oxpandilur• on cons•eAalad or buildings 18 wrillgn off in Ihg ygai ol èxpgndilura. 22
St Mary Magdalene's Church, Lillington Y•ar Endod 31gt Dècèmber 2024 Nota8 to tha Flnanctal Stat8mont8 17 Relaled Party Transacllons Durlng tho y&ar Mr8 Rachaol Joffèrios a clo80 ralatlvo to Rov Wllllam Smlih {Chalr of PCC) was omploygd lor hor rolg of Muskal Diieclor, Durlng tho year she recoivt3d a lolal remuneralion of £7.811 12023: £6,856). Mr Joseph Taulbut a dose relative to Dr Olana Taulbul {memb61 of tha PCC) was Omployed by th8 church. Duflng tho yaaf hè fécélvèd a lolal fènumérallon of £564. Mr Colin a dose relalbve lo Sally Druco (member of the PCC) was paid for provlding singlng luilion. Durir¥J lh• yè8r ha rocèiv a totgl rènumarglion 01 £1,040. 23