FLL5TED
FELSTED
Church of the Holy Cross, Felsted
Annual Report
and
Financial Statements
of the
Parochial Church Council
for the year ended 31st December 2024
Incumbent
Rev'd Colln J Taylor
Bank
CAF Bank Ltd
25 Kings Hill Avenue, Kings Hlll,
West Malllng, Kent.
ME19 4JQ
Independent Examlner
Roy Mitchell
9a Statlon Road, Felsted, Dunmow, CM6 3EZ
Felsted Parochial Church Councll is a registered charity No. 1132322
FEL51-ID
ÈLS-fkD
[)uNb

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 2 of 18
Annual Summa
Re
ort for 2024
Background
Felsted PCC has the responslbility of co-operating with the incumbent In promoting the whole mission of the
Church, pastoral, evangelistic, soci31 and ecumenical, within the ecclesiastical parish.
Structure, Govern•nce and Management
The method of appointment of PCC members is set out In the Church Representation Rule5. At the Holv
Cross, the membershlp of the PCC conslsts of the incumbent Ivicarl, the churchwardens and members
elected by those members of the congregation who are on the elertoral role of the church. All members of
the congregatlon are encouraged to reglster on the electoral role and stsnd for electlon to the PCC.
The PCC members are responslble for making decislons on all matters of general concern and importance to
the parish, includlng on how the funds of the PCC are to be spent.
The full PCC met seven tlmes during the year wlth an average level of attendance of 81.3%.
Membershlp
Members of the PCC are either ex officio, or elerted by the Annual Parochial Church Meetin8 in accordance
wlth the Church Representatlon Rules. The followlng served as members of the PCC durlng the year (dates
of electlon In brackets):
Incumbent..
Re¢d Colln J Taylor
Ex Offlclo
Wardens..
Mr G Kelly
Dr M Sweeting
[20221
[2022]
Representotlves of the Deanery Synod..
Mr M Campbell
Mr R Bazlinton
[2020]
120221
Elerted Members..
Dr J Mackin
Mr M Crouch
Miss R Quilter
Mrs J Smylie
Mr J Tredwell
Dr G Anderson-Taylor
Mrs K A Mitchell
Mr M Fergu50n
[20181
[20201
[20201
[20201
[20201
[20221
[20221
12023)
Safeguarding Officer
Secretary
Treasurer
Vice Chalrman

Parochial Church CoLSncil of Holy Cross, Felsted, Essex.
Pa8e 3 of 18
Commlttees
Standlng Commlttee..
Thls Is the only committee required by law. It has the power to transact the business of the PCC between
meetings, subject to any dlrectlons given by the Church Council.
Membership.. Incumbent
Churchwardens
Vlce Chalrman
Treasurer
Overall Annual Revlew
The House of Bishops, persistence with a de facto chan8e in the Church of England's doctrlne of marrlage
ontinues to result Sn members withdrawln8 financial support. For the time bein81 our reserves cover the
shortfall.
The financial headwlnds have not dampened parish life, however. We are seelng new faces at our
gatherin8s and a joyfulness and growing depth in our small groups and prayer meetings. We have much to
Ive thanks for.
Rev'd Colln Taylor

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 4 of 18
FINANCIAL REVIEW
Re¢elpts and ExpendEture
Total recelpts to the General fund were £21,897, of which £11,145 was from regular planned givlng and
£2,680 from one￿ff donations and the cash plate. Gift Aid contributed £2,798 and charitable activities
£2,452. Trading Activities generated £2,260 of gross income. Overall, this represented a further major fall
155°Al in our annual income as our traditionally generous regular donors responded to the House of Bishops,
decision to affirm and celebrate relationships outside marriage between one man and one woman ("Prayers
of Love and Faith") by contlnuln8 to suspend thelr 8ivin8 to the Church of En8land.
As regards the other funds, Designated income totalled £3,372, whllst Restrlcted Income totalled £3,126, of
which £990 was from planned giving and £273 from Gift Ald.
£27,715 of unrestrltted funds were spent provldlng the Chrlstlan mlnlstry of the Church, the blg reductlon
on previous years reflectlng the non-payment of our Parish Share {about £73,600) to Chelmsford Diocese
due to the aforementioned House of Bishops, decision (see note 61. Although economic pressures resulted
In price rises across many of the services and 8oods purchased during the year, utility costs almost halved to
£6,152 on the back of slgniflcantly reduced ener8y pricin8.
The net result for the year was that General expenditure exceeded General Income by £5,818.
With the PCC setting aside a further £1,000 as a provlsion for the cost of future decoration of the vicarage
and other maintenance not covered by the Dlocese, thls deflclt rose to £6,818 and, once again, the PCC
declded to use unrestrlcted reserves to ensure that the level and extent of our ministry was maintalned, with
£10,000 provlded by the Esme McGee fund. Thls Injection of funds left a General Resenie of £5,910, a
modest but solvent year-end position.
The balances on the varlous Desl8nated and Restrlcted Funds are retalned for the speclflc purpose5 Outllned
In the Financial Statements.
Lookln8 Forward
Looklng forward, the PCC wlll contlnue to fund the ongolng mlsslon and day-to-day runnlng of the church by
utili5ing further funds held by the PCC on an unrestricted basls.
We are truly blessed to have these funds available to enable us to pursue bible faithful mission over the next
couple of years durin8 which tlme our prayerful dellberation of our longer term strate8ic direction continues
to be developed.
Jon Tredwell
Treasurer

Parochial Church Council of Holy Cros5, Felsted, Essex.
Page 5 of 18
STATEMENT OF FINANaAL AcfiviTIES
For the year ended 31" December 2024
TOTAL
Desi8nated Restricted Endowment FUNDS
Funds
Funds
Funds
2024
TOTAL
FUNDS
2023
General
Fund
Notes
INCOME AND ENDOWMENTS from:
Donatlons, Legacies and Grants
2a
Charitable Artivities
2b
Trading Actlvities
2c
Income from Investments
2d
Other Income- Insurance Claim 2e
16,623
2,452
2,260
562
¥483
18,106
2,482
2,260
5,547
46,539
2,704
6,774
6,347
30
3,342
1.643
Total Income
21,897
3,372
3,126
28,395
65,164
EXPENDITURE on:
Cost of Raising Funds
Charitable Activities
Trading Activities
Other Expenditure
3b
3¢
3d
126.1461
11,5691
12,4201
16,3441
134,9101 1109,0411
11,5691
19,8311
Total Exp•ndltur•
127,7151
12,420}
16,344)
{36,479) 1118,872)
Net In￿rne / (Expendlturel
resources before trnnsfers
15,818)
952
13,218)
18,084)
{53,708)
TRANSFERS
Gross transfers between funds- In
Gross transfers betsveen funds- out
io,wo
11,crA)I
9,￿0
19,00))
41,LXKI
141,iJX)I
iio,i)Joi
OTHER RECOGAIISED GAINS/ (LOSSES)
Increase / IReductionl in Value of 10
Investments
923
923
2,587
Net movement In funds
18,0481
13,218)
923
{7,1611
151.121)
RECONCILIA TION OF FUNDS
Total funds brought for¥vard
13
2,728
132,706
59,134
26,856
221,424
272,545
Total funds carried fornvard
5,910
124,658
55,916
27,779
214,263
221,424

Parochial Church Councll of Holy Cross, Felsted, Esse
Page 6 of 18
BALANCE SHEET
As •t 31. December 2024
TOTAL
Designated Restricted Endowment FUNDS
Funds
Funds
Funds
2024
TOTAL
FUNDS
2023
General
Fund
Notes
FIXED ASSETS
Investments
Total Flx•d Assets
io
27,704
27,704
27,704
27,704
26,781
26,781
CURRENT ASSErs
Debtors and Prepayments
Cash at bank and in hand
Total ￿rrent Assets
Less
CURRENT UABILITIES
Creditors- amounts falling due 12
in one year
Total Net ￿rrent As•eti
Ila
Ilb
4,481
16,W7
20,488
59
55,857
55,916
1,602
196,706
198,308
124,658
124,658
75
7S
196,597
201,137
114,5781
114,5781 13,6651
5,910
124,658
55,916
75
186,559 194,643
TOTAL NET ASSETS
5,910
124,658
55,916
27,779
214,263 221,424
Reprnserted by..
Unfe5tricted Funds
13
5,910
5,910
2,728
Desl8n4ted Funds
13
124,658
124,658 132,706
Restricted Funds
13
55,916
55,916
59,134
Endowment Funds
13, 14
27,779
27,779
26,856
Total Funds
5,910
124,658
55,916
27,779
214,263
221,424
Approved by the P•rochl•l Church Cauncll It the yh Aprll 2025 meetlng and $lgned on Its beh•lf bv
Rwd CJ Taylor ICh41rm•nJ
Mr J H Tr•dwell [Treasurerl

Parochial Church Council of Holy Cross, Felsted, Essex,
Page 7 of 18
The notes on p88es 7 to 17 form part of these accounts
I. ACCOUNTING POLICIES
The flnanclal statements hav@ bèén prèpared In accordance wlth the church Accounting R•8ul*ions 2￿￿ together wlth appllcable
a¢¢ountlng standards and the currer>t statement of Recommended Reportlng for Charltles ISORP 2()J51, The flnan¢5al statements
have been prepared under the hlstorlcal cost convention, except for valuatlon of Investment assets, whSch are shown at market
value.
Th? a¢¢ounts in¢lude all transactlons, assets and Ilabllltles for which the PCC Is respLTrnslble In law. They do not Include the a¢wunts
of Inlormal gatherln8s ol church members.
FLJNDS
General Funds represent the funds of the PCC that are not sublect to any re5trfrtlons Tegardlng thelr use and are avallable for
ppllcatlon for the general purposes of the PCC.
De&gnated Funds are 8•n*ral funds ￿t asldè by th• PCC for use In the future. Des18natsd Funds rfrmaln unrestrlrted and the PCC
may move any Surplus to any other ¥eneral fund.
Restrkted Funds ¢omprlse Income from trusts or endowments, whlch is to be èxpensed only on the rèstrirtèd purposas Intended by
the donor. and revenue donat5on5, or Krants, for a speclflc PCC actfjvlty Intended by the donor. Any balance remain5ng at the 2nd of
the year is Carrled forward as a balance on that fund.
Endowment Furjds are fund5, the capltal of whlch must be ￿ta1fted elther permanently, or at the PCCS dlsuetlon. The Income
derived from the endowment Is to be used elther 45 re5trlct•d or ursrèstrfctèd funds, d•pendini on the purpose for whl¢h the
endowment was establlshed In the Ilrst place.
The purpose of all deslsnated, restrfrted and endowment funds Is noted in thè Flnaneial Statérr•nts.
INCOMING RESOURCES
Voltjntary Income
Planned glvin& collectlons and slmllar donatlons are reeo8nlsed when reeelved bvi or on behalf, of the PCC. Plann•d glvlng Is *lso
only recognSsed whèn recelved. Income tax rècovèrable on 81ft ald don3tlons1s reco8nlsed when thè Incomlng resour￿ s to whlch
they relate Is received. Grants and legacles to the PCC are accounted for when the PCC is entltled to Use the res¢urces, thelr ultimate
recelpt Is conslderèd reasonably eertaln and the amounts due are reasonably quantlflable. Funds ralsed by the sale of books. a fete
nd slmllar events ère accounted for 8ross.
other ordlnorylncome
PèrochSal fees due to the PCC for weddlngs, funerals etc. are 4c¢ourited for on In event-by-event basl
Incomefrom Investments
Dlvldends and interest are accounted for when receivable.
Gains È7nd10s5es on Inve5trnents
Realised gaSns and losses are reco8nlsed when Investments ère x)Id. Unreallsed galns or losses are accounted for on revaluatlon of
Investments at 31>l Oecember.
APPLIC4TION of RESOURCES
Gronts
Grants and donatlortss are accounted for when pald over.
Cht7ritoble Actlvltles
The Dloc*s•n P?r4sh Share Is accounted for wh•n pw•bl•.
All other e¥pendlture Is generally feco8nlsed when It Is incurred and Is a¢￿Unted for Bross.

Parochial Church Councll of Holy Cross, Felsted, Essex.
Page 8 of 18
FIXED ASSETS
Consecrated and benefldal property Is excluded from the accounts by Sections 10121 lal and lel of the Charftles Act 2011. Thls
Includes the Smylle Hall bullt In 2016, whlch Is annexed to the church.
Insurance cover 5s provlded on a relnstatement value basls.
No value Is placed on moveablè church furnlshlngs held by the churchwardens on speclal trust for th• PCC and whlch requlre a faculty
for dlsposal slnce the PCC consSders thls to be Inalienable property. All expenditure Incurred durln8 the year on Consecrated or
bentfice bulldln8s and moveable church furnlshlngs whether malnt•n•n¢• or Improvement Is wrltt¢n off as expendlt*Jre In the SOFA
nd sèparatèly dlsclosed.
Indlvldual Items fixtures, flttlnqs and •qLtlpment wlth • purchase prlce of £1,5L¥J or l•$s •r• wrlttèn ofl when the asset Is Jwulr•d.
TheTr are no assets values In excess of £l,%)O at present.
Investments
Investments are valued It mirket value 3111 December.
CurrentAssets / Llabllltles
Amounts owln8 to the PCC at 31st December are shown as debtors. Amounts owed by the PCC at 31st De¢•mber are shown as
cr•dltors.

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 9 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
Fortheyèar endlni 31 December 2024
2. INCOME and ENDOWMENTS
TOTAL
Deslgnated Restrlcted Endowment FUNDS
Funds
Fund5
Funds
2024
TOTAL
FUNDS
2023
General
Fund
2•. Ihnatlon$, Le8Kle$ •nd Grnnt$
Planned Giving
Income Tax Recoverable
Plate Collectlons at SeNlces
Sundry Donation5 and Appeals
Grants
Le8acles
11,145
2,798
1,935
745
990
273
12,135
3,071
L935
965
28,484
6,785
2,(X)2
L620
2,648
220
Tot•1
16,623
1,483
18,106
46,539
2b. Charltable Actlvltle8
Fees for Weddin8s and Funerals
2,452
30
2,482
2,704
Tot•1
1452
1482
1704
2¢. Tr•dln8 Artlvltles
5mylle Hall Hire Fees
Events
Merchandise
1,980
1,980
2,558
3,784
280
Total
2,260
260
6,774
2d. Incom¢ from Investment$
Dlvidends
Bank and other Interest
436
126
436
5,111
429
5,918
3,342
1,643
Total
562
5,547
6,347
2e.Other Incom•
Insurance Claim
Total Other Income
Total Income and Endowments
21,897
3,372
3,126
28,395
65,164

Parochial Church Council of Holy Cross, Felsted, Essex,
Page 10 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
Forthe year endlni 31" December 2024
J. Expendlture
TOTAL
Designated Restricted Endowment FUNDS
Funds
Funds
Funds
2024
TOTAL
FUNDS
2023
General
Fund
Note
3a. Cost of Raisln8 Funds
Stewardship Costs
Total
3b Charftable ALtlvltles
Family Purse
Mission and Charitable Giving 7
Clergy Expense5
Training
Mission l Outreach
Service Expenses
Utility Expenses
Insurance
Administration Costs
Equlpment
Church Repairs and Maintenance
69,806
10,050
1,049
1.674
1,107
1,448
11,895
9,690
567
610
6,013
16,313
567
[438
2,257
1032
6,152
1,438
91
1,835
1,032
6,152
3,404
837
521
2,108
331
837
521
2,389
1,356
328
7,264
281
Total
26,146
1420
34,910
109,041
3c. Tradlng Actlvttles
Smylie Hall
Events
Merchandise
1,270
1,270
2,246
7,166
419
299
299
Total
1,569
1,569
9,831
3d. Other Expendlture
Church - Repairs / Alterations
Smylie Hall- Rep6irs / Additions
Total Other Expendlture
Total Expendlture
27,715
2,420
36,479
118,872

Parochial Church Councll of Holy Cr055, Felsted, Essex.
Page 11 of 18
NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES
For the yfflr endlni 31 December 2024
4. Grants and Other SliTrlflcant Onfroff Recelpts
Grants and other significant ontroff receipts totalling Nll1£5,4481 were received durlng the year.
5. Events
Mlsslon events takln8 place durlng the year Nll {net defl¢it £2,312).
6. F•mlly ￿TSe
No piyments were made In 20241£29,0861.
In response to the House of Bishops, proposal to 'afflrm and celebrate relationships outside marriage between one man
and one woman, I"Prayers of Love and Faith"), the PCC took the deds5on in June 2023 to suspend monthly'Parish
Share, contrlbutions to the Dlocese of Chelmsford.
The PCC did, however, continue to make payments of £5,817 to Good StewardsTrust I'GST'I, a nationwide network of
Conservatlve Evangellcal churches supportlng Angllcan churches seeklng to dlrect thelr Income In support of Blble
falthful mlnlstryi on a monthly basls In the hope that the Prayer5 of Love & Falth proposal would not proceed and
payments to the Dlocese might be resumed. Thls has proved not to be the case, wlth the result that at the end of 2023,
GST held a total of £40,720 on our behalf, On the basls that the PCC is unwllllng for these monles to be forwarded to
the Diocese of Chelmsford at this time, GST contlnues to hold these funds and Is currently conslderin8 how these funds
should be handled,

Parochlal Church Council of Holy Cross, Felsted, E55e
Pa8e 12 of 18
NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES
Fortheyear endlnz 31" December 2024
7. Mlsslon Glvlni
Three types of grant are made to mission and charities..
al Sums collected from specific events and services, including fvnerals and memorial seprfices,.
bl Contributions based on IIY% of the previous yearfs 'General Glvlng to Holy Crosg (see below);
c) One•off anonymous donatlons from members of the congregation;
The churcws annual givin8 is normally based on l(VA of 'General Givin¢ for the prevlous year, calculated , as follows:
Planned glvin8
Tax thereon
Sub-total
Plate Collertion
Other Donations
PCC Fees
Investment Income
£25,760
£ 6,131
£31,891
£ 2,LX)2
£ 1,620
£ 2,284
£ 591
Tot•1
£38,388
The dlstributlon of IIM1£3,8391 of General Glvlng was, as follow5:
2024
2023
Tot•1 Mlsslon Glvlni allocated forthe ywr
Unspent Misslon Glvlng brought forward
8,259
610
Tot•1 Mls•lon Gfvlni Av•llabl•
4,449
10,660
Mlsslon Gfvlnl Gr•nts made:
Overseas Mission;
Crosslinks 'ProJect Tlmothv Iserblal
Open Doors
Dan & Adrie van Aswegen (Zambial
13,OLN)I
13,0001
{2,CQ)I
17501
Home Mlsslon..
Hope Church, Easlngwold
CofE Evangellcal Council
ReNew Conference
Soldiers & Airmen's Scripture Readers Assoclation
Church Pastoral Aid Society lour patron)
12,5001
11,LKX)I
li.c￿)
(5(X)I
(31XII
12,5001
15¢X)I
15¢J))
ISQK))
(3CK)I
Tot•1 Mlssh)n Glvlni Grants mide
110.3CK))
110,0501
Contrfbutlon from General Funds to malntaln Mlsslon Glvlni Level
5,651
Mlsslon Glvlni Reserve carrled foTh¥•rd
610

Parochlal Church Council of Holy Cross, Felsted, Essex.
Page 13 of 18
NOTE5 TO THE STATEMENT OF FINANCIAL AcfiviTIES
For the ye•r endlnl 31° Detember 2024
8. Servlce Expenses
Poyments to PCC rnembers
A small Immaterial portlon of expenses pald to the Incumbent may have related to hls servlces ès a member of the PCC.
No other payments or expenses were paid to any other PCC memberS1 persons closely connected to them, or other
related parties.
9. Analysls of Transfers b•tw¢•n Funds
General
Fund
Deslgnated Restrlcted Endowment TOTAL
Funds
Funds
Funds
2024
ear En
Transf rs Be
een
Vlcara8e Fund
11,(xK)I
Esme McGee Fund
iO,¢XK)
i10,L￿)
Total
{ 9,C#J))
10. Investmenti
All Investments are held on our behalf by the DSocesan Board of Flnance In CBF Investment Funds.
Genèr•1
Fund
Desi8n&ted Re5trlcted Endowment TOTAL
Funds
Funds
Funds
Market value Ilt January 2024
Net10s5 on revaluatlon
26,781
923
26,781
923
Market Value 31 December 2024
27,704
27,704

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 14 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
Forthe year endlni 31. December 2024
11. Current Assets
General
Fund
Deslgnated Restricted Endowment TOTAL TOTAL
Funds
Funds
Funds
2024
2023
Ila) Debtors le$ith•n one year
Tax recoverable
738
59
797
1,222
Other Sundry Debtors
3,743
3,743
380
Total
4,481
59
1,602
Ilb) Cash at bankand In hand
CAF B•nk
On Demand
Shawbrook B•nk
60 Day Notlce
Klngdom Bank
90 Day Notlce
Untted Trust Bank
21x1 Day Notlce
Cambrldie & Countles 8•nk
12 Month FixedTerm to
16" December 2025
I6.￿7
32,169
13,922
75
62,173 64,64S
23,059
23,059 22,898
16,102
15,755
31,857 31,062
3,329
26,181
29,510 28,101
50,OC(1 50,OCK)
Total
196,599 196,706
All bank deposlts are covered by the Financlal Services Compens•tlon Scheme for deposlts of up to £85,IXKI.
12) Current Uabllltl
12a) Credstors less than one year
Away Weekend 2025
Positive Energy (Gas)
Other Sundry Creditor5
113, 135
(6191
18241
113,135)
16191 12,2471
18241 11,4181
Total
{14,578)
(14,578) {3,665)

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 15 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
For the year endln8 31" December 2024
13. Statement of funds
Bal blfwd
l Jan 2024
Income
Expendlture
Gains l (Lo￿¢$) Bal clfv
and Trnnsf•r$ 31 Dec 2024
Unrestrlrted
General Fund
Total
2,728
2,728
21,897
21,897
127,7151
127,715)
5,910
5,910
DeslBnated
Church Fabric Fund
Esme McGee Fund
Mission Giving Fund
Training Fund
Verger Fund
Vicarage Fund
Youth Fund
Total
16, 142
96,554
610
7,926
1,152
3,810
6,512
132,706
306
2,842
16,448
89,396
iio,0001
16101
11,4381
35
37
14
138
3,372
6,523
1,189
4,543
6,559
124,658
1281
1911
12,420)
(9,CK)O)
Restrlcted
Bell Fund
Care Fund
Choir Fund
Clock Fund
Church Fabric Fund
Growing Ministry Fund
Hall Fabric Fund
Organ Fund
Total
8,791
2,857
24
732
21,419
6,012
18,447
852
59,134
632
52
9,423
2,578
24
732
22,312
13311
893
16,0131
1,297
250
3,124
19,744
1,102
55,914
16,344)
Endowment
General Bequest
Hutley Bequest
Baker Bequest
Alan & Barbara Payne Bequest-
Tithe Chancel (Tithe Act 19361 _
Trow Bequest- Cash
Total
1,831
2,780
1,854
9,237
11,079
75
26,856
42
1,873
2,844
1,896
9,449
11,642
75
27.779
42
212
563
923
Total Funds
221,424
28,393
136,4781
923
214,263

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 16 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
k*r the y&qr endlng 31" December 2024
13. Statement of lunds ￿ntInUed
Definitlons
Fabric Funds
Donations are allocated either to specific projects, if so stipulated IRestrictedl, or the upkeep of
church fabric in general, if the PCC so decides (Designated). Routine maintenante, e.g. boiler
servicin& Is financed by the General Fund.
Esrne McGee Fund Establlshed in 2016 followin8 receipt of a large bequest from a former parlshloner. Although there
were no restrictlons to the bequest, the PCC declded that the funds should be cl855ified as
'Desi8nated' to ensure that their use can be carefully monitored.
Mission Giving Fund Established in 2016 as part of the church's revised approach to mission and charity givin& whereby
monies specifically designated for this purpose are held pending grants being paid.
Training Fund
Established in 2022 with a transfer from the Esme McGee Fund to provide fundlng for church
members to attend tralning In support of developing Gospel ministry within the church,
Verger Fund
Established in 2016 with verger fees from weddings and funerals, thi5 fund is used at the discretion
of the vicar and churchwardens to support Indivlduals and families attending speclfic church
events, e.g. Away Weekend, where cases of hard5hlp might otherwlse prevent thls,
Vicarage Fund
Establlshed in 2018 to cover the decoratioTr and minor maintenance costs of the Vicarage not
covered by the Diocese.
Youth Fund
This fund was inltiated in 2Q)4 to help finance youth work,
Bell Fund
Donation5 are used for the maintenance of the bells, the training of bell ringers and other
associated expenditure.
Care Fund
Established In 2020 to support members of the Holy Cross Christian community who are struggling
wlth financial hardship.
Cholr Fund
Donations are used to defray associated expenditure such as the replacement of vestments and
purchase of music. Copyright is charged to the General Fund,
Clock Fund
Established in 2014 for the repair and maintenance of the tower clock.
Growing Ministry Established in 2021 for the purpose of growing Gospel leadershlp capaclty within the parish. This
fund was initially classified at 'Designated', but as donations to the fund were made with the
expressed purpose of growin8 ministry within the parish, it was reclassified as 'Restrlcted' in 2022.
Towards the end of 2024, recognising that growin8 Gospel leadership capacity Within Holy Cross
was unlikely, the PCC decided to donate the balance of this fund to the North Essex Gospel Trust
whose expressed purpose is to support evangelical Christian ministry in the North Essex area,
thereby ensurlng that these funds are used for the purpose intended by the donors.
Organ Fund
Establlshed In 2016 for the repalr and m85or malntenance of thè church organ. Annual
maintenance is financed by the General Fund.

Parochlal Church Council of Holy Cross, Felsted, Essex.
Page 17 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
Fortheye•r ¢ndlni 31 December 2024
l& Endowment, Investments and Bequests
2024
M•rket Va￿•
2023
Market Value
Cost
Genernl Fund
Hutl•y Beque
Baker Bequest
Payne Bequett
181 CBFIF shares)
1123 C8FIF share51
182 CBFIF shares)
1408.63 CBFIF shares)
i(J)
152
102
1,873
L831
2,780
L854
9,237
1,896
9,449
Tot•1 CBFIF shares (694.63 CBFIF shares)
5,354
16,062
15,702
Tlth• Ch•nc¢l TNst 1503.4806 CBFIF share5)
82
11,642
11,079
Tot•1 Invutments
5,436
27,704
26,781
Trow B￿￿eSt Icashl
75
75
7S
Totll Endowm•nts, Investm•nt$ and B•qu•8ti
5,511
27,779
26,856
The Tlthe Chancel trust wès set up under the Tlthe Act 1936, whereby obllgatlons to repalr the Chancel were bought
out vla the deposlt of a capltal sum wlth the Dlocese as custodlan trustee, the Income from which was to be used to
keep the Chancel In 8ood and substantive repair. The capital value of the trust is a permanent endowrnent and 15
Invested In C8FIF shares.
The Payne bequest, In memory of Alln & Barbara P•yne, was made In 20CKI for the upkeep of the church linen, wlth any
surplus going to the General Fund.
The remainlng bequests have been in existence for more than 40 years. The origlnal IntentSon of these bequests Is not
known, although records show that the annual income has gone to the General Fund.

Parochial Church Council of Holy Cross, Felsted, Essex.
Page 18 of 18
NOTES TO THE STATEMENT OF FINANCIAL AcfiviTIES
For the year ending 31" December 2024
INDEPENDENT EXAMINER'S REPORT TOTHE MEMBERS / TRUSTEES OF FELSTED PAROCHIAL CHURCH COUNCIL
I report on the accounts for the year ending 31" December 2024, which are set out on pages 5 to 16.
Respertive responsibilities of Trustees and Independent Examiner
The charitf s trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011
(the 2011 Act) and an independent examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the General Directions given by the Charity Commissioners section 145151
Ibl of the 2011 Act- and
state whether particular rnatters have come to my attention;
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An
examination includes the review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from the management committee concerning such rnatters. The procedures undertaken do not
provide all the evidence that would be required by a full audit and consequently I do not express an audit opinion on
the accounts.
Independent Examinerfs Statement
In connection with my examination. no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with s130 of the 2011 Act,. or
to prepare accounts which accord with these accounting records to enable proper understanding of
the account,.
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts
to be reached.
Roy Mitchell A
9A Station Road, Felsted, Essex. CM6 3EZ
sturgess and Co Ltd
Accountonts
The Manor House
station Rcad. Felsted CM6 3E2
01371532451
°.¥ STURGE5S
Date..
7 March
2025