Charity r8gistration nuThber 1132533 (England and Wales) THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 xeinadin
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC LEGAL AND ADMINISTRATIVE INFORMATION Paro¢hlal Churth Councll ' H Mason C Holden Dukes SA Fryer HM Brophy P L Jones (Churchwarden) JD Lewis-Palmer DA Gllburt (Churchwarden) M Sellers EJ Degg MBE C Jone5 JH ScottACMA MA McLellan BA P Collins Rev A Dutton MsJDas (Appointed 18 November 2024) (Appointed 20 May 2024) ChJrlty number (England and Wdles) 1132533 Principal address Overleigh Road Handbridge Chester Cheshire CH4 7HL Independent examinar Xeinadin North West Limlled 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9QP 'At the date of signing the financi31 statements
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC CONTENTS Page Porothial Churth Counc41's report Independent examlne¢s rèport Statement of financial activrties Balance sheet 12 Not85 to th8 financial statement5 13-25
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochial Church Council present thelr annual report and finanual statements for the year ended 31 December 2024. The financial statements have been prepared In accordance wlth the accounung pollcles set out In note I to the financial statements and comply wlth the PCC'S goveming document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charfties SORP 'Accounting and Reporbng by Chorities: Ststement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Irel8nd (FRS 102).. This report embraces th8 valuable work of the cluster groups, the Minlstry Tèam and our Church Wardens,18d slnce 18 November 2024 by Antony Dutton our new Rector. Th8 report was 8pproved by the Parochial Church Council at its meeting on 17 March 2025. Slgned............... Antony J Dutton, Recior Oblectlve$ and acdvltles St Mary's PCC has the responsibility of co-operating wlth th8 Incumbènt In promoting the whole mission of the church, pastoral, evangellstlc, social and ecumenical, In the eccleslasttcal parfsh. It also has responslbllity for the buildlngs and envlronmenl of the slle of St Mary wlthout the walls, Chester and includes the St. Mary's Handbridge Centre. The overall alm would aayS be to enrlch and diverslfy our fellowshlp, maklng us a listenlng and rept[ve community who seek to r8spond faithfully and compassionately to both God's gifts and clrcumslances in whlch we live. Public bener St Mary's is a ch8rity. PB1 is The Charity Commlsslon's gul(Eance on the legal requlrement that charlties provide publlc benefit. Publlc benefil Is an essential part of what it is to be a charity. But it is not just a legal requirement that char(Ifes have to meet and Ih81 th8 commlsslon regulates. It also provldes charities with a positlve opportunlty to demonstrate the benefits they bring lo the publiG, in retum for the financial and other benefits that come from being tharily. such as public support. The member5 of the PCC have complied wlth their duty as truslees having regard to the Guidance of Publi¢ Benefit published by the Charlty Commlsslon In exercising their powers: htt OV8mmentl ublic81ions/ ubllc- benefit-anov / ublic-benefil-an-oveNiew Church Wardens Report In February we were sory to see our Redor RIGhard Whaite leave u5 for a new role at Newcastle Cathedral. We celebrated his final Sunday SEice wth us in February and we send hirn 8nd hls famlly our very best wlshes for the future. Ric worked tirelessly reaching out to the local community and was instrumental in introducing Clusters to St Marys. These Clusters or groups involve the congregatlDn in the runnlng of both Ihe Church and Parish. and you will see evidence of the great contribution made by these Clusters in the reports that follow. The period of vacancy is refeffed to by the Church of England as an Interregnum and is 8 busy time for Ihe PCC and Wardens. We are hugely grateful to the relired Ministry Team of Rev Maureen Pickering. Rev John Carhart, Rev Trevor Dennls and our Lay Reader Linda Manning for the aTrangemenls that ensured our serceS continued throughout the vacancy. They were supported by Ihe Bishop of Chester, the Bishop of Birkenhead and the Archdeacon of Che51er who also took time from Iheir normal duties to lead our Sunday worship. Special thanks also go to Ali50n McLellan who led some of our Sunday Evensong Services and to Christine Dukes who stepped in to lead our Messy ChurGh Services.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We should also like to expres5 our thanks ta Members of the PCC who t¢Jok on extra duties during Ihis period as well as the Gleaning Team and the Flower Arrangers who quietly go about their work keeping our church looking so wonderful. And thank you to anyone we have missed. When a vacancy arises, the Parish cannot just place an advBrt for a new Rector. There FS a complex process to follow which is overseen by the Rural Dean and the Diocese. Rev Hennie Johnson our Rural Doan was vary helpful in guiding us 88 to what was required in a Parish Prc)file which must be prepared before the post Gan be advertised. We should like to recor(l our special thanks to Catherine Jones our Magazlne Editor who gathered a group around her to produce an oulstanding documenl whiGh did a niagrFtficent Job describlng 811 the wonderful things St Mary's nd ts congregaticfi do in 8nd around Handbridge, The PCC norninaled Catherine and our PCC Secretary Mavis Sellers to join the Arehdeacon on the interview panel and following a rigorous process we were deFghted ihat the Rev Antony Outton was appointed to th8 role and formally joined as our Rector in Nov8mb8r 2024. We will Icrever rememb8r the wonderful induction service conducted by kne BhOp of Bifkenhead. Dignitaries at the sérvicÈ included the Duke and Duchess of Westminster. The Lord may of Chester, The Vice Chancellor of Chester UniveIty along wilh clergy from all d¢nomindtions vtho joined us in a packed church for the service. Whlle all of this was happening the general repairs to Ihe church and routin8 work of lh8 PCC continued. We continue to invest in an annual rolling programme of repair5 to stonework of the thurch with £6,000 spent during 2024. In addition, it was notlced Ihat three of the stained glass panels in the Clerestory were in danger of collapse and these wer8 r8paired by a speclalist craftsman, A further phase of the stonework repalrs Is plann8d for the Summer 012025. Th8 thurch building, contents and boundary walls are Insured under a Parish Plus policy with Ecdesiastical Insurance, The pollcy inGludes Employer's Ll8bllity. Public Llablllty and Legal 8xp8ns8s. The total annual premium is £8.893. st Mary's Handbridge Centre is insured undgr a separale policy wlth Ecclesia5tiGal Insuranc8. The Gurrenl annual premlum Is £1,441 paid by monthty in5talments. An electrical slorrn caused some damage whleh is Mentioned elsewhere, and this required insurance daims to be filed, clock repairerg to be contacted and AV engingers ¢onsuhed. All cl which was quietty led by members of the PCC who give up so much of their time to support SÉ Mary's We shwld also like to put on record our thanks to our Patron the Duke and Duchess of Westmlnster tho presented Sl M8ry'8 wilh a Silver ciborium lo commemoiate their marriage on 71h Jun& 2024 at Chester Cathedral. During Ihe year the chuTch inventory has been checked and found lo bè correct. Safeguardlng Report We are grateful to Sue Fryer our Parlsh Safeguarding Officer and DBS Lead RecTUiter for this reporL We are encouraging vioilance and transparency to help create a culture that supports safeguarding concerns or incldents to be raised. We alrn to provide support and safeguard vlctims. Our collective Vigilan will ensure 5UPPOrt and help is provided ¥vhen needed Safeguarding Is always an agenda Item al Ihe PCC rneetings. Sue Fryer ts the Parish Ssfeguarding Offic8r and DBS verifier. Any incidence can be reported to her or the Rector in confidence. This in tum is passed on to the Dioceses Safeguarding Team. We follow guidan from Ihe House of Bishops poficies, the Parish Safeguardln9 handbook, Safer Environment and Actvities 8nd Code (Jf Safer Working Practic4.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Disdosure aDd Barring Service IDBS) We have had a good response to people hawng a DBS check where needed. This is an ongoing process renewals needed every 3 years. The checks are needed when w(wking with chSklren, young people and vulner8ble adulls. 23 members of the congregation have abtain8d their DBS certificale to dale. Training TheTe has been a good response to VDlunteers completing the 01¢ne safeouarding tr8inings in both th8 basle and foundation courses or the leadership course at Church house. This again needs to be renewed every three years. statement 'The PCG is committed to fvlfilllng Its responsibilitles tts protect thlldren. young people and vulnerable adults involved in the Church's activities., We continue to rnaintain an oversight on ell church activities involving children, young people and the elderly. Publicity Our safeguarding policy c8n be seen on our Parish website and on the notlc? board in the Parish Gentre. Achlevements and parforniance Reports from Cluslers." 8uildings John SGoIt, Brian Dickinson, Alison IAcLellan, John Pertln, Flona Hattlson. Antony Dutton & Lynn8 Jon&s. This year has been Challenging as we have undertaken a number of projects to maintain the LhurLh and improve access to our worshlp. The new AV system was flnally Installed In January 2024, which provides Improved SOLtnd within the church and both sound and vlslon via U Tube, for thage unable to attend the 8ervices ID person. UnfortLmAlely. É local thunderstorm in Juty caused some damage lo Ixjlh the new AV system and the church clock. The church clock has now been repaired, as has the AV system, whiGh required a number ol new replacement parts, which proved problematic to configure and set up. WE continued wth our maintenance of the church stonework. in accordance with the ATchltecls Tecommendalions. We Unerlook some high level maintenance of the gutters and gullies, which appears to have solved the Inienmittent leaks into the church and tower. However, this work has highlighted additional work, whlch needs to be undertaken when funds permiL The Cenlre contractors have continued to ty to resolve an ongoing problem wth the roof., we are conlinuing to monitor the issue lo err3ure the problem has been resolved. The Centre UfTder our Cenlre Manager Ooris Keen continues to thrive, with our income continuing io increase. This is partly because of incre3se(J charges, which are required because next year12025) we lose our lottery funding foT some of our Centre SUFPOrt staff. The feedback from Centre users and vtsilors continues to be positive. with many comments of the fn'endliness and helpful Céntre sl8ff. A big thank you to our Parish Admlnistralor & Centre Manger Doris Keen and her SUPPOrting stsff. Joanna Polanczyk, Michael Mitchell, John Rose, Sheila Jones 2nd Lisa Jones for all thelr commitment. hard work and support. Many thanks alsc lo Alison and her learn of"unliceAc8d lay w8eders" for keeping the grounds up lo scratch.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Report fn)m Chlldren And Young People (CYPJ Cluster forAPCM Alison NAcLeJlan, Sue Fryer, Lynne Jones. Shamn Johnson. & Mgurgen Pickgmg (Ghairj We stiN await the appointrnent of a Children and Farnilies Lead and hope that B revised advert will soon be circulated. Hence Slorytelling (0-6 years) and The Well {7 years upwafdsl services remain su8P8nded. Ading on advice fmm th& Archdaacon the advert was withheld until the appointment of a Rector. The Baby and Toddler group continues to flouiish on a Friday rnorning, attracllng high numb8rs of children and adults. This has prDv@d to bè an excBllÈnl community res(yJrce and thanks are due to the valued volunteers all of whom have completed safeguarding Irainlng. Messy Church on the thlrd Sunday remains a popv5ar, inclu8iwe 8ervic8 that 18 generally well attended. The much- appreciated interactive talk. the fun cr8fts and the hoMemadeaked refreshments are provlded by a loyal group of volunteers. We were pleased to welcome members of our uniformed organisatK)ns at our Remembrance, Harvest and Dedic81ian services, with Bishop Mark presiding and preaching at the latter. The young pèoplè participated 8s flag bearors and Inierc9ssors, their presence belng much valued in diurch and the community. We have had a go&1 number of Baptlsms Ihls year. many welcomlng rtew families to ¢hurth. We hope to welcome those who wish to be confJrm8d to a Confimation service al St Mary's later thls year. Reports from Cluslers.. Comfflunicalions Revd Antony Dutton (Chalr), Stuart Bull, Christine Dukes: Dawd Gilburt: Calherine Jones, Lynn Jones, Jo Lewis- P81mer. (J8ck Ninnès resigned December 2024) The new website. managed by Thm Leaman, was launched in March and has received favourable ttomment.ll wa5 felt important lo launch 11 before a new Rector arrlved 2nd is stdl lo a certain extent Ivork in progress" The WEbsile will be r8vlew8d In the n28r future by Ihe Reclor and updated, where appllcable, by the Cluster, ChTiS Dukes continues to produce regular "posts. on FabOOk, and both Sl Mary's webslte and the 'A Church Near You. websile provide updates on even&, diary and the parish magazine. Advertisements of churth 8vents including Me35y Churth and Music by the Bridge continue to be produced for the community nolice boards and for Facebook. Catherine Jones continues lo produce an exc811enl Parfsh Maoazin8 on a birymonthly basis and spare copies are distributed around the parish. More advertisers welcomel The handover of the adminislralion of Facebooldlnstagram and the Rectorfs Gmail from RIG Vvhaite lo Antony has proved a challenge to irnplement and external support from Mark and Laura Rhodes is being sought. The photo display in church cf the Clergy and office holder5 was updated and il was agreed to limit the nurnber of photos and not to have Ihe preMI)usty larger display. Some 200 houses 45 apartments (the latter without obvious external lettertrK)xes> on the new -Kings Moay. eslate on Wrexham Road lie wlhin our parish. Plans are well advanGeLI to undertake a rnail shol to introduce St Marfs to 811 of these in earty Lent.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Reports Arom Cluster5.' Community, Allssions and Charltles Alice Jone, Alison AlcLellan, Rev Antony DuttoK, Chrfstine Dukes, Diana Gilburt, Helen Pntchard, Lynne Jones, Mavis Sewers & Sue Fryer The neo natal unit at Liverpool Maternity Hospital ci)ntinues to weknrne knitted contribulions Wlth a wide rang8 of benefits to au (knitters. babias. plus a source of fundlng lor the unit), An appe81 for help in supplying knilwear has been recelved on behalf of Houses ol Promlse based In Slerra Leone. Cake Sunday continuès lo be well supported with proffts going to Overteigh Pastoral fund rnosl months except May Ichristian Aid). November (Poppy Appeal). The Big Coffee Momlng for Mcmillan Cancer rèsearch was very well supported and was voted a big sur£ess. The Chrfstrnas Fair was a festive occasion. bul attandancè was Ilmited by exceplionalty wel vleather and Thmit8d arparklng. £2,300 was ralsed. The next one will take place on the 4th Saturday in November 2025.fhe sale of Charity Christrnas Cards raised £240.97, and the Chnstmas card tree raised £617 ptus Gift Aid., The money will be pllocated to gifts in the Chrislian Ard catalogue. Tho Bring and Share Lunches have been moderately well supported and WMI contlnue. Bacon 88p Sunday now benefi15 from an airfryer. Continues to be appr8claled by those altonding th8 8.00 a.m. service on Sunday morning. ChrisU8n Ald Lent lunch in the Centre much appreciated by those present. Street colleclions and bucket collecbons organised for Christian Aid Week also °Take 6 envelopes home.. Many volunle8rs viere happier with this sys18m than carryinG oul a street collection. The C.A. Greain 18a raised £761.98 induding Gift Aid. Charities being supported by funds allocated by the P.C.C, thls year are.. Intemalional Al Shurooq Blind School, Bethlehem: Stand by me Ndlional The Children's Society.. Vision Support, Local Neurotherapy Centre.. Adoptlon Mattors. The group recommended all the ch8ri1ies nominated by the congregation to the P.C.C.. which means 6 inslead of 3. Songs of Praise was followed by Ghees8 and wine and was well received by all who attended. Very gocrtj singing from the congregationl Réports From Clustern.. Mu51G and Worship Michael Reynold6, Rev. Anlony Dutton, Lynne Jones, Guy Hirst, Joanne Das, Alison MGLellan, Linda Mannin9. It's been another very busy year for those Involved in the music at St Mary'o, Wlth highlights including the Installation serv¢ce for Antony in November, and the 2 carol services In December 2024. Our choir GonÈinues lo flourish. and we are very grateful for the oledlcatlon they show in rehearsals and services. The Choral Scholarships afe currently at full capacity ¥*ith 8 seniors, and 4 juniors, and the Youth Choir have been a very w&lcoma addition to the Family SeThiGes. Muslc by the Bridge concerts have been well attended again and cont¢'nue to raise money lo pay the scholars. Over the next few months, wé hopè lo look Èt w8ys to fnvile concert attendee5 and others to make a regular donation towards the scholarship fijnd. possibly by way of a 'Sponsor a Scholar, initiativ8. On Palm Sunday 2Q25 we jook fonvard to a Joint choir performance of Faure's 'Requiern' with The Advent Singers. Finally. as Director of Music, I would like to thankAlison McLellan. and Kath Andrews among others whc helped to ensure that Ihe Advenl CarDI service proeded smoothly while I was unwell. - Michael Reynold5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARYS PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review Helen Brophy. Lne Purcell, Lynne Jones, Linda knlanning, Emma Degg, Peter Collins, Mike Fondop. John Gro<rt & David Gllburt The Gluster met regular before Standing Committee and PCC meetings. We r8vlewed and recommended budgel proposals for PCC approval and monitored spending throughout the year. Our delailed financial wor1( allows PCC rneetings to focus on our mission. Our Budget for 2024 had included provision for Ihe hoped-for appoinlment during the year of a Chilcsren and Family Worker but followlng the announcémenl of the Rector's move to IhB Newrnstle Diocese Ihe PCC decided to defer ihe search for that WDrker untll a new Rector h8d be6n appoint8d. We 8Gquif8d al a cost of £30,954 a new audio visual IAV) syslem which was installed at the frnd of January 2024. Part of thal cost (£21.3591 was covered by a designated balance approved in 2022 and 2023 and the remainder w8s generousty provided by hvo charitable funds. Designaled funds are sums which were recelved on an UnstrICted basis but which the PCC has chosen to designate for particular purposes. Our total expendllure in 2024 was £288,369 but Ihis included Ihe appll¢allon of restrleted funds of £46,491 and the usa of funds designa16d by the PCC of £25,701. Our Parish Share in 2024 Increased by £4.000 but for 2025 the sum payable Teduces to £77,604 whlch Is a welcome reduction. The largest infxease in expenditure relates to equipment and maintenance. The costs p8id for the churEh alono wgra £54,211 but of this sum £30,954 related lo the in5tallatior¢ of the AV system referred to above and £6,606 related to repairs lo Ihe AV system and the church dock reported by the Buildings Cluster, We have Insurydnc8 cover wllh Ecc18siasltGal Insurance Limited which covar8d the anlirfl cosl Iless our pollcy 8XC8ss of £1,000) of the repairs to the AV system and Ihe clock and the insurance reG8iPt of £5,606 Is credlt8d agalnsl the r8pair expense. We pay substantial sums as part of our planned repalrs to the church stonework. and we repaired the remaining churrh windows whlch could nol bo repaired in 2023. Regular maintenance of the church. its grounds and the Centre is undertaken by 8 cofflbination of volunteets and paid contractors and regular rnalntenan anij inspedion wntr8ctS 8re in place. We continue to pay the annual capital sums of £12.500 lo Methodist Chapel Aid Ltd in reduction of the loan taken oul to complele th8 building of the Parish Centr8. In 2024 the interest paid w85 £10,231. The balance outstsnding on the loan axount was £172,000 at the year4nd. The unrestricted fund balance at 31 Oecember 2024 w88 £220,134 compared wilh the 31 D8cember 2023 b818nce of £198,918. Repalrs and malntenance continue lo form a significant Part of our costs Énd infialion has an adverse effect on future budgets. Regular incorne from donors f811 by £5,QOO in 2024.The Cluster keep5 a roreful watch and monitors the income and expenditure throLFghout the year. Th? PCC maintalns a substantial balance of funds 8s a buffer to coveT expenses and loan repayments if lor whalever reason income were to fall subslanlialty. Our Treasurer, Helen, informed us twelve months ago that she plans to slep down from her position al the APCM in the spring of 2025. We appreuate Helen's contributions. particularly during her lour year8 a5 TTeasureT. V¥le are urrendy 5eekJng a replacemenl for th7s role. If you ara inter8Sted in taking on thls posillon, ple28e contact Helen, the Rector, or the Church Wardens for more d8taiLs aboul the responsibilities involved. Reserves policy The PCC closety monitor reserves lo ensure Ihere are suffiuent levels and cash fLtnds to cover currenl aGtiwties. Thi5 level of seNe$ has been maintained throughoul the year.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structure, governance and management The PCC operales under three documents. Two of these are Church of England Measures: l. The Parochi81 Church Council (Powers) measure 1956 as amended 2. The Church Representation Rules 2020 (CRR, contained in schedule 3 lo the Synodical Govemrnenl Measure 1969 as amended).. htt s.'//www.churchofen land.o /abou oVernane en/ices/clJurc 3. The third document is a sel of lerm5 of reference, ad¢)pied by the Parochial Church Council, that guide St Mary's OPBralions and mission. Copi85 of this arp issued lo members of the PCC in electronic lormat {PDF), and can be reque8ted from the Incumbent. PCC Mgmber5knp In 2024 the following have served as members of Sl Mary's PCC: Rev RP Whalte H Mason C Holden Dukes SA Fryer HM Brophy P L Jones (Churchwardenl JD Lewis-Palm8r D A Gilburt (Churchwarden) M Sellers G Shapland EJ Degg MBE C Jonès JH Scott ACMA MA McLellan BA P Collins Rev A Dutton MsJDas (Reslgned 11 February 2024) (Resigned 12 May 2024) {Appointed 18 November 2024) (Appointed 2Q May 20241 Recniitrnent and appointmenl of Ifuslees The Rector and Church Wardens are ex.officio members of the PCC. The W8rdens and other PCC Members are elected by those members of thB congr89ation on the Parish EI8Gloral roll al the Annual Parish meeting. Al its meeting on 20th May 2024. the PCC unanimously elected Joanne Das to fill a casual vaeancy. Ghurch Attendance During th8 year the total numb8r on trie electoral roll was 202 of whom $6 were not resident in the parish.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2024 The P8ro¢hial Church Council's report was approved by the Board of Parochial Church Goundl. D A Gilburt (Churchwardenl Parochlal Church Counclllor 17 Marth 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST, MARY ON THE HILL, CHESTER I report to the Parochial Chrch Council on my examination of the finanGi81 statements of The Parochial Church Council Of The Ecclesiaslic31 Parish Of St. Mary On The Hill, Chester {Ihe PCCI for the year ended 31 EiecembeT 2024. Responslbllltles and bas15 of report As the Parochial Church Council you are responsible for Ihe preparation of the financial statements in accordance with the requirements of Ihe Ch8riti&s Acl 2011, I report in respecl of my exarnination of the PCC'S financ¢al statements carried out under sectron 145 of the Charilies Act 2011. In carrying out my examinalion I have followed the Directions given by the Charity Comrnission und8r s8Ction 145151(b) of the Charfties Act 2011. Independent examlner's statement Slnce the PCC'S gross income exceeded £250,000, the Independenl examiner must be a member of a body listed in section 145 of Ihe Charities Act 2011. I confirm that12m qualified lo undertake the exarninaliDn because l am member ofthe Inslitute of Chartered Accounlanls in England and Wales, which is one of the Ilsted bodies. Your attention is drawn to the lacl that the charlty has prepared the financial staternen15 in accordance with the relevant version of Ihe Statement of Recommended Praclice appllcable lo tharilies Preparing treir financial stalement3 in accordance with the Financ>al Reportino Standard applicable in the UK and Republic of Ireland IFRS 102) in preferen to the Acwunling and Reporting by Charities.. Stslemenl of Recommended Practice issued on 1 Apnl 2005 which is referred to in Ihe extant regulallons bul has now been withdrawn, l understand that this has been done in order for thc finandal slalemenls lo provide a tnje and fair viem, in accordance with UK Genèrally Accepted Accounting Practice. I have completed my examinallon. I conflrm that no matters have come to my allenlion in GDnne¢llon wth the examination giving me cause to believe that in any material respect: accounting records were nDI kepi in respect Df the PCC as required by section 130 of lh8 Chariti8s Act 2011. the financial statemen15 do not accord with those records,. or the fln2ncial slatements do not cornply with th8 applicable requirements concerning the form and content Df financial statements sel out in the Chariti&s (Accounts and Reports) Regulations 2008 other Ihan any requlrement that the financial statements give a true and falr view, which Is not a matter considered as part of an independent examinalion. I have no concerns and have come across no other matters in connectron wth the examination lo which attention should be drawn in this report in order to enable a proper understsnding of the firsancial statements to be reached. Alastair effGott CA Xeinadin North West Limited 2 Hilliard5 CDUrt Chester Business Park Chester Cheshire CH4 gQP 17 March 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currènt financial year Unrestrlcted Unrestricted funds funds general desi9nated 2024 2024 RestTIGted funds Totsl Totsl 2024 2024 2023 Notès Income from: Irscoming resources frcm donors Olher voluntary inconwng resources Activities for generating funds Investment income 132,709 132,709 137,219 22,092 83,786 1,648 28.954 51.046 83.786 1.648 39,182 90.721 1,196 Tot31 Income 240,235 28,954 269.189 268,318 Expendlture on: Charitable activities Flhance costs 205,948 10,231 25.701 46,491 278,138 10,231 229.023 9,153 12 Tolal expendlture 218.177 25.701 46,491 288,369 238,176 Nut Incomel(expenditure) 24,058 (2S,701) 117,537) (19,1801 30.142 Transfers between funds (2.842) 2,842 Net movement In funds 21.216 (22,859) 117.5371 {19,180) 30,142 Reconclliation of funds: Fund balances al 1 January 2024 198,918 23.860 36,103 258.881 228,739 Fund balanc•s at 31 December 2024 220,134 1.001 18.566 239.701 258.881 The 51al8ment of finanGT81 aclivlties includes all gains and108se8 reeognlsed in the year. All income and expendlture delive from continuing aclivities. 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC STATEMENT OF FINANCIAL ACTivrriES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financial year Unrestricted Unrestricted fund5 funds general designated 2023 2D23 Restricted funds Total 2023 2023 Notes Income frorn.. Incorning resources fmm donors Other Voluntary incomlng resourres Activities for generatin9 funds Investment income 137.219 19,233 90,721 1,196 137,219 39.182 90.721 1.196 19,949 T¢)tal Income 248,369 19,949 268,318 Expenditur8 on: Charilable activittes Finance costs 199,134 9,153 29,889 229,023 9.153 12 Total expgndlturg 208,287 29.889 238,176 Nel Incomel(exp?ndlture) 40,082 19,940) 30,142 Transfers beM¢8en fijnds 36 (36) Net movement In funds 40,118 (36) 19,940) 30.142 Raconclliation of funds: Fund b818nces 8t 1 Jenuary 2023 158,800 23,896 48,043 228.739 Fund balance8 at 31 December 2023 198,918 23,860 36,103 258,881 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 14 284,789 284,789 Current assets Debtors Cash at bank and In hand 15 3,023 129,799 3.384 169.407 132,822 172,791 Credltors: arnount8 falllng due withln one year 16 (18,410) (26.699 Net curront assots 114,412 146,092 Total as6els18ss current liabilltlos 399,201 430,881 Credltors.. amounts falllng due after rnore than one year 17 1159,500) 1172.000) Net assets 239,701 258,881 The funds of the PCC Restrided income funds UnrestriGled funds - g&neral Unrestricted funds - designated 18,566 220,134 1,CYJ1 36,103 198,918 23,860 21 2Q 239,701 258,881 The financial statemenls were approved by th? Parochial Church Council Dn 17 March 2025 D A Gilburt IChurchw8rden} Parochial Church Councillor 12-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charity informatlon The Parochial Church Councll Of The Eccleslastlcal Parish Of St. Mary On The Hill, Chester is a Parochial Church Council registered with the Charity Commission (ref: 1132533) on 7 Novernber 2009. 1.1 Accounting convention The finsnciél slatements have been prepar&d in accDidance with the PCC'S goveming dDcum8nl, the Charities Ael 2011: FRS 102 'The Financi31 Reporting Slandard applicable in the UK and Republic of Ireland. and the Charities SURP -Accountlng and Reparting by Charities.. Stat&ment of Recommended Practic8 applicable tD charities preparing Ihelr accounts in accordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The PCC is a Public Benefit Entity as defined by FRS 102. The PCC h8S taken advantsg8 of the provisions in Ihe SORP for charities not to prepare a statement of cash flows. The finanti21 stslements have departed from the Charilies (Accounts and Report5} Regulations 2008 only lo the extent required to provide a true and fair view. This departure has Invoed followlng the Statemenl of Recommended PracliG8 for Charities applying FRS 102 ralhar than thè version of the Statement of Recommended Pracllce which Is referred lo in the Regulations but which has since been withdrawn. The financial statements are prepared In sterling, which is Ihe lunctional currency of the PCC. Monetary amounts In Ihese financlal ststements are rounded lo the n88resl £. The financial slalemenls have been prepared under the historical cost Convention. modified lo include the revalualion of freehold properttes. Th& principal aucounting policies adopted are sel out below. 1.2 Going concern At the time of approving the financial statements, Ihe Parochial Church Counal have a reasonable expectation thEt the PCC has adequale resources to contsnue In operalonal èxislence for the foreseeable futur8. Thus the Parochial Church Couiial continue lo adopt the golng conrn basis of accounting In preparing the fwanclal 8laternents. 1,3 Charltable funds Unrestricted funds are available for us8 at the discretion of the Parochial Church Council in furtherance of th8ir charitabl8 obi8CtiV8S. Restrided funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of tre restricted funds are set out in thè notes to the financt81 st8lemenls. Endowrnent funds are subleol to specific conditions by donors that the capitsi must be maintained by the pcc. 1.4 Income Planned giving, collections and donations are recognised when received. Tax relunés afe recognised v4hen they are claimed. Grants and legacies lo the PCC are accounted for when received. Al other income is rÈcognised when it is recewable. All incoming re50ufGes are accounted for gross. Legacies are recognised on receipt as this is when they ar8 certain. The policy of th8 PCC is to us8 legacies to help fund signtficant development projects in the p£rish, whether buildings, equipment or si8ff. AS circumsL3nces change over the years, it may not be possit4e to fuffil SPeLific donor requests so church members are en¢ouraged tr) leave legaaes for the general purposes of ihe parish. 13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aecountlng poll¢le5 (Continued) 1.5 Expendlture Expenditure is recognised once therè is a legal or constructive obligation to Iransfer economic benefil to è third party, it is probable that a transfer of economic benefits wtll be requlred In settlement. and the 8mounl of the obllgatlon can be measured reliably. Expenditure is classilied by activlty The costs of each activlty are made up of the total of direct costs an shared cosls, including support Costs iwolved in undertaking each activity. Direct costs altribvtable lo a single activity are allocaled diiectly lo that aclivity. Shared G0515 which contribute to more than one activity 3nd suppixl costs which are not attributable lo a sing18 activity are apportioned beiween those 8Ctivitl8s on a basls consistent th the use of rèsources. Central staff cost$ are allocated on the basi5 of time spent, and depreciatlon Charges are allucated on the portion of the asset's use. The diocesan partsh share Is accounled for when due. 1.6 Tangible flxed assets Tangible fixed as8et5 are initially measured at cost and subsequently megsured at cost or valuation, net of depreclallon and any impalrment ksSSQS. Depreciats'on is recoEnised so as lo wrlle off the cost or valuation of assets less their residual values over ihelr useful lives on the following bases: Leasehold land and bulldings not dapreciated due to resldual valu8 The galn or loss arising on the disposal of an asset is delemined as the difference belween the $818 proceeds and the carrying valu8 ol th8 assèt, and is recognis8d in the statemenl Df fiiianaal actlvilles. 1.7 Impalrment of flxed assets At each reporting 8nd date, the PCC reviews the carrying amounts of its tanglble assets to determine whether there is any indication that those assets have suffered an impairrnenl loss. If any such indicatian axists, the recoverable amount of th8 assel is eslim8ted in order lo determlne lh8 8Xtenl ol the impairment loss (if any). 1.8 Cash and cash equlvalenls Cash and cash equivalents include cash in hand. deposits held at call wlth banks, Dlher short-term liquid investments with Origal maturities of (hree months or less, and bank overdrafls. Bank overdrafts are shown within rrOngS In current liabilities. 1.9 Financial Instruments Thc PCC has eleded to apply the prowsions of Sects'on 11 'Beslc Financial Instruments, and SeLton 12 '0ther Financial Instruments Issues, of FRS 102 to all ot its financial instrumenis. Financtal instrurnents are recognised in the PCC'S balan sheel when the PCC becomes party lo the conlractual provisions of Ihe instrument. Finandal assets and Ilabilllles are offset, wih the net arnount5 presented in the financial slatemenls, when Ihere is a legally enforceable righl to sel off the recognised amounts and there is an intention lo settle on a nel basis or to re81ise the asset and settle the abIlitY simultaneously. 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARYS PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles (Continued) 8asic financlal as8ats 8asic financial assets, which include debtors and cash and bank balances, are Inltlally measured al transactioh price including transaction costs and are 8ubsequenUy carried at amortised cost uslng the effeclive interest method unless the arrangemenl Gonstitutes a finanang transackn'on, where the transaction is measured at the present value of the future receipts discounted at a rnat*et rale of inleTest. Financbal asset8 das5ifi8d as reGeivable within one year are nct amortised. Baslc fln4nolaJ Ilabllltles BasiG finarcial liabilities, Including cwedilors and bank loans are initialty recognlsed at transaction price unles3 the aangeMent conslilutes a flnanang transaction, there the debt instrument Is measured at the present value of th& futu payments discounled at a maTket rate of InteSL Financial liabilities classified as payable withln one year are nol amortised. Debt Instruments are subsequently carried 818morti6ed c05t. using the eff&ctfve Inte$1 rate method. Tradè credilors are obligations to pay for goods or services that h£ve been 8cquired in the ordinary Coufse of operation5 from suppliers. Amounts payable are classified as cuffent liabililies if payment is due within one year or less. If not, th8y are presented as non-currenl liabilities. Trade creditors are r8r¥)gnls8d Inltlally at transaction price and 5ubsequenlty measured at arnortised cost using the effective interest method. Dere¢ognition of financial IlablllN•s Financial liabilitse8 are derecognised when the PCC'S contractU81 obllgations axpir8 or 8re dlscharged Qf cancelled. 1.10 Employ8e beneflts The cost of any unused holiday enlltlement is re¢ogni8ed in Ihe period in which Ihe employee's services are received. Termination benefits are recognised Immedlately as an expense when the PCC is demonstrably committed lo terminate Ihe employment of an employee or lo provide termination benefits. 1.11 Retlmmeht beneflts Payments to defined contribution reticemenl benefit schemes are charged as an expense as they fall due. Incoming r8sourc¥s frgm donors Unrestricted ftinds 2024 Unrestrleted funds 2023 Planned giving.. Stewardship Incorne lax recovered on GiftAid Cash collections Collections.. funerals. weddings etc. 98,841 25,915 7,432 521 103,472 25,573 7,578 596 132,709 137.219 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL. CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 other voluntary incoming resources Unreslricted Restrlded fund5 funds 2024 2024 Total Unrestrlcted R8slrl¢ted funds funds 2D23 2023 Total 2024 2023 Grants General donalions Event5 income 8.443 10,383 3,266 28,954 37.397 10.383 3.266 5,341 9,267 4,625 19,949 25,290 9,267 4,625 22,092 28,954 51.046 19,233 19,S49 39,182 Actlvltles for geneTrtlng funds Unrestrtcted Unre5trlctad funds funds 2024 2023 Magazine sales Weddlng and funeral lees Parish Centre letbngs Sunday coffee mornings ContributlDn for use of Church 2,160 9,373 68,939 2,394 920 2,539 19,602 64,423 1,732 2.425 83,788 90.721 InGome from Investments Unreslrlct¢d Unrestrlcted funds funds 2024 2023 Divldend Income Interest raceivable 358 1,290 353 843 1.648 1.196 16-
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARYS PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants and donations payable Church actlvltles 2024 Church activilies 2023 Missionary and chantable giving 2,455 3,960 Support tOStg allocated to acllvltles 2024 2023 Staff costs Printing. slation8ry and office costs Bank charges Governance costs 13,610 1,760 1.220 1,524 19.043 2.057 1,063 1,599 18,114 23.762 Analysed belween: Running ol Church Runnlng DI Parlsh Centre 10,868 7,246 14,240 9,522 18,114 23,762 Net movgmgnl In fund8 2024 2023 The net movement in funds Is staled after chargingl(credilln91'. F8es payable for lh8 Independent examlnation of the tharity's financi81 statemen18 1,524 1.599 10 Parochlal Church Councll None of the Parochi81 Church Council (or any persons c4nnecled with Ihem) received any remuneration benefits from the PCC during the year. 11 Employees Thè average monthly number of employées during thè year was: 2024 Number 2023 Number
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employèes (Contlnued) Employment costs 2024 2023 Wages and salaries Olher pension costs 50.546 885 48,128 820 51.431 48.948 DurFng the year the PCC employed a part time Perish Administrator, 3 part Ime Centre Assistanls and 2 part me deaners. These 6 part lime staff are the equivalent of 2 full lime employees. There were no employees who86 annual remuneration was more than £60.000. 12 Flnance ccsts Unrestrlcted Unrestrlcted funds funds 2024 2023 Flnanclng Msls 10,231 9,153 13 Taxation The charlty 15 8xempt frorn 18xalion on It5 aGlivities because all its income is 8ppli8d for charitable purposes. 14 Tanglble fixed assets Leasehold bulld5ngS o$t At 1 January 2024 284,789 At 31 December 2024 284,789 Carrylng amount At 31 December 2024 284,789 At 31 December 2023 284,789 The Parish Centre was buili for a total Cost of approximately £1,600.000 mostly financed Irom reslricled funds (Grants and Donations etc.). The BalanGe Sheet value represents the build cost net of granls and donations. rinanc&d intsrnally by loans 8nd the use of available unrestricied funds. The property is not depreciated as ils residual value is considered to be greater than that of its cosl in the accounls. The property is held on a 99 year lease and h8s 93 years remaining. -20-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtors 2024 2023 Amounts falling due wlthln one year: Trad& debtors PrepayTnents 8nd accrued income 314 2.709 466 2,918 3.023 3,384 16 Creditors: arnounts falling due within one y04r 2024 2023 Notes Principal loan repayments Other taxation and so¢ial security Oeferr8d Income Trade Gredilors Accrual and deferred inGome 12,500 12.5QO 395 6,418 2.551 4.835 1,256 992 3,662 18,410 26,699 Deferred incorne represenls h5re of the Parfsh Centre in advance ol events being held. All ol this income 3h811 be recogn15ed in the subsequent financial year. 17 Credltors: amounts falllng due afterlnore than one year 2024 2023 Principal loan repayments 159,500 172,000 The Principal Loan Repayments falling due as disclosed above fIe¢l an initial £250,000 loan provided by Methodist Chapel Aid Lld in order lo complete the buikling of the Parish Centre. This 15 repayable over entY years at £12,500 p.a. togolh8r with Int8re51. The interest rate15 variable and at 31 December 2024 was 5.65% (2023- 5.85%). 18 Retirement ben•fit schemes 2024 2023 Defined contribution schème8 Charge lo profit or loss in resped of defined conlrlbution schemes 820 The PCC operates a defined contribution pension schewe for all qualifying employees. The assets of the scheme are held separately frDm those of the PCC In an independently adminis18r8d fund. 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARYS PCC NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Restrlcted funds The restricted funds of the charity cornpri5e the unexpended balances of donations and grants held on Irust subject lo specific conditions by donors as lo how they may be used. At 1 January 2024 Incoming Resourcès resourcès expendod At31 DÉcèmber 2024 Handbrtdge Community Covid-19 Reliel Fun(i Loltary Funded Grant re,, costs of centre management All Churches Trust Co op LoG81 Community Granl Choral SGholarship fund Babies and Toddlers Towel and Bells fund 1.120 1,120 13.580 4,910 3.859 8.340 3,191 1,103 25,091 {29,1) 14,910) (3,859) 16.931) 11,436) (210> 9,526 3,358 205 300 4.767 1,960 1,193 36.103 28,954 146.491) 18,566 Previous year". At 1 January 2023 Incoming Resaurces resources expondod At31 December 2023 Quiet Comer Handbridge Community Covid-19 ReliefFund Lottèry Funded Grant re.. costs of centre managem6nt All Church8s Trust Co op Local c0munIty Granl Choral Scholarship fund Babies and Toddlers Tower and Bells fund 344 1,120 {344) 1.120 23,153 5,651 3,859 10,48U 1,436 12,873 (22,246) <741) 13,580 4,910 3,859 8,340 3,191 1,103 3,630 2.250 1,396 (5,770) 1495) 1293) 46.043 19,949 {29.889) 36,103 -22-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARYON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Re5trlrAed funds (Contlnued) Qulet Corner Fund Fund8 donated for the purposé of a Quiet Comer and assocrated aGtivities. Handbrfdge Communlty Covid-19 Rellef Fund Funds donated for the purposes of supporting members of the local cofflrnunily during and after the pandemic. Lottery Fundod Grant: Cost of Cantre Management Funds periodically granted by the Lottery Fund to dèfrayihe cost ofs8Lqries fora peTiod of 4 ye8rs. All Churche5 Trust Fund Funds granted for the purpose of purchasing and installing AV 8quipment into the diurch. Co op Local Communty Grant Funds donated for the purpose of purchasing and installing AV equipment into the church. Choral Scholarship Fund Funds donated for the wrpose of Choral scholarships. Babies and Toddlers Fund Funds donatecj for purchase of toys, craft materials etc lo run the weekly Sl Mary's Baby and Toddler Group. Tower and Bells Fund Funds donated for Ihe refurbishment ol the tower and bells. 20 Unrestriclèd fundy -designated Th858 are unreslricted funds whlth are material to the PCC'S acliwties. At 1 January Resources 2024 èxpended Transfers At31 Dec•mber 2024 Bable5 and toddlers Rectory maintenan fijnd AV equipment fund 159 2,342 21.359 (2.0001 (2,3421 (21,359) 2,842 1,001 23.860 {25,701) 2,842 1.001 Previous year: At 1 January 20Z3 Resources expended Transfers At31 D•¢embor 2023 Charitable gimng Rectory mainlenance fund AV equipment fun 159 (1951 159 2.342 21.359 2.537 21,359 23,896 (361 23.860 -23-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Unrestrlcted funds - designated {Contlnued) Bables and Toddlars Fund Funds albcatèd by the PCC from ils 9en¢ral ndS to be donated to charilable Gauses but not yel dlstribuled. Rectory Maintenance Fund Funds allocated by the PCC from ils unrestricted fijnds for the maintenanG8 of the Rectory. AV Equlpm•nt Fund Fund5 allocated by the PCC from its general funds for the prChaSe and inslallalion of AV oquipment. 21 Unreslrlct¢d fuhds The unrestriGted fvnds ol the th8rity comprise the unexpended balances of donations and grants which are not SLJbject lo specific C£Jndilions by donor3 and grantors as to how they may be used. These include esignaled funds which have been set aslde out of unrestricted funds by the twstees for spec4fic purposes. At 1 January 2024 Incomlng Resources rèsources expended Transfers At31 December 2024 General funds 198,918 240,235 1216,1771 12,842) 220,134 Previous year". At 1 January 2023 Incomlng Re80urce9 r•sources expended Transffrrs At31 December 2023 General funds 158,800 248,369 (208,287} 36 158,918 22 Analysis of net a8sgts beiween fun(Is Unrestricted Unréstricted funds fund5 general designated 2024 2024 Restrlcled fund5 Total 2024 2024 At 31 December 2024: Tangible assets Current assetsl(liablliliesl Long lemi liabilities 284.789 94,845 1159,5DOI 284,789 114.412 1159,500) 1,001 18,566 220,134 1.001 18,566 239,701 -24-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY ON THE HILL, CHESTER KNOWN AS ST MARY'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Anatysis of net assèts bet4veen funds Icontlnued) UnroslrlGted Unreslrlcted fund5 funds general d•slgnat8d 2023 2023 R£strlcted funds Total 2Q23 2023 At 31 DBcembèr 2023: Tangible Bs5ets Current assetsl(liabilllles) Long term liabllllles 284,789 86,129 1172.000) 284.789 14f ,092 1172,000) 23,860 36,103 198,918 23,860 36,103 258,881 23 Related party transactions Thére werè no disclosable related party tr8nsaGtions during the ye8r (2023 - non81. -25-