Charity wistrats'on numter. 1132580 The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Annual Report arKI Finanaal Statements for the Year Ended 31 DecemLer 2023
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Contents {continued) Referen and AdministratThie Details Trustees, Rewt 2to4 Independent Exaninerfs Report staterrenl of Finanoal Activf(ies 6t07 Balance Sheet Notes to the Finanaal Statements 9t023
The Parochial Church Council of Grirnby, St Mary and St James and St Hugh Reference and Administrative Detsils ChaimMn Fr Christopher William Hewrtt, SCP. Isck leave from (Motrer until 31 December 20231 B Lodwod M Bull K Bruning M Topliss J Foulds T Brunirg C Daniel C Plant MBE L Maudson B Carter J Matthews S Mitchell Mrs S Sit*omte Charity Reglstration Number 1132580 Principal Office St Hugh's Community Centre Haycroft Street Grimsby DN31 2EA Indendant Examiner Forrester Boyd 26 South Sl Marls Gate Grimsby DN31 1LW Page 1
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Trustees. Report The trustees psent the annual report together with the finanoal stateents of the charty for the year ended 31 Dmber 2023. The rrEmbers of the Parochial Church Council (the trusleesl confim that the annual report and finanaal statements of the charity have been prepared in accordan with the a(£ounting policies set out in sel out in the Statement of Responsibilities below and comply with the Charits"es Act 2011, the requirerrEnls of the Charity's governing body and A¢coLJnling and Reporting by ChaThlies." Statement of Recommended Practi applicable to charities in preparing their accounts in aecordance wlh the Financial reporting Standard 102. Objectives and activities Obie¢ts and aims The Parochial Church Council IPCC) of the parish of Grimsby. Sl Mary and St JanEs and St Hugh, has the responsibility of co-operating with the incumbent, the Revd Christopher Hewitt SCP, in prOntIng in the ec¢lesiaslic21 parish the whole mission of the Church" pastoral, evangelistiq sccial and ecumenical. The PGC has rna1ntenan responsibilities for the d)ur¢hes of GrinY Minster, St Hugh, Sl Hugh's Community Centre and the MAAG Hall. Diocesan Vision The PCC supports the Diocese of Lincoln's vision 'to be a healthy, vibrant and sustainalle churth transforming lives in greater Lincolnshire,. To achieve this vision. the di0Se is fwuseot on the priorities of Faithfvl Worship, Confident Discipleship, Joyful Servi. These are the basis for change and gro in our churches and communities. In addition, the diocesan has discerned three enabling priorities to support its vision. Ministry, Resour and Partnerships. PCC Vision The PCC'S prinopal charitable activities are 'We try to enable ordinary people lo live out their faf(h as part of our parish community through.. worship and prayer". leaming about the gospel., and developing their knowledge and trust in Jesus,. prov1sion of pastoral care for people living in the parish and missionary and outreach work, The PCC continues to frEus its activity in reference lo the core Christian values of'Thankfulness', 'Pea,, 'How'. and 'SerVI,. These are reflected In our Parish Mission Statement.. We are here lo offer THANKS to God,. to receive PEACE and share HOPE.. to encourage each other to know God's purpose for our lives and to equip us for (kKI's SERVICE in the world. Our Mission Stateffent is aculated through our vision for our parish As one parish we are committed lo grwng our church in numbers, providing quality pastoral care, and responding to people in need through effective Sla1 aciion. We will ex1 in training for ministry, both lay & ordained. We wll build a reputth'on for being good neighLK)urs in our town and borough. We offer hospitality to friend5 and strangers. È are known for engaged preaching, teaching and worship.. Publlc benefit When planning our activities for the year, we have considered the Commission's guidan on public benefit and, in particular, the supplenEntary guidan on Charities for the adVanrrEnt of religion. In particular, we try to enable ordinary people lo live out their faith as part of our parish community through.. . Worship and prayer, leaming about the Gospel and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. . Missionary and outreach wor The trustees confirm that they have ¢orylied the requireEnts of section 17 of the Charities Act 2011 to have due regatd to the publi¢ benefit guidance published by the Charty Commission for England and Wales. Use of volunteeR5 We thank all volunteers who 5UPPOrt our parish and church community projects. These include.. all members and Offir$ of the PCC and DCCS, bell ringers, flower arrangers. sacristans, acolytes, coff* shop and bar staff, visitor guides and stewards and side-persons. choristers and ladies and gentlemen of the choir. Page 2
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Trustees. Report (continued) Developnnts in 2023 We welcomed a new Assistant Curate in July 2023. Church attendan has continued to recover followng COVID. In addition to worship, the church is very busy day and night hosting community groups. art exhibitions. musical Cnrts, sch¢1 visits. The ¢hLJrch café is very Popular and breaks even financially. and this allows the church to be open 6 days per week. In 2022, St JarrEs House was 501d for £300.000 which not only improved our capital reserves but also enabled savings to be made on fixed Insuran and utility costs. We have improved our website and soual media presen to encourage church use. In Crlober 2023, our Vicar, Fr Chris Hewitt went on long term sck leave. He subsequently retired in March 2024 which placed the parish in vacancy. Financial review Policy on reseeS Each c is Charged wlh retaining sufficient general funds to enable them to continue their activities. It is our policy lo invest our fund balanS with the CBF Church of England Depo&t Fund. A review of g0Veman and finanal management of the parish is needed. This will include developing a reserves tK)licy in order that the PCC can manage risk better. Total funds held are £832.776 of which £272,800 are unrestricted for general use. Structure. govemance and managemgnt Natu of goveming document The Parochial Church Council of the Parish of Grimsby Sl Mary and St JaES and St Hugh 15 rIStered with the Charity Commission as Charity Number 1132580. Members of the PCC are either ex-offiao or elected by the Annual Parochial Church Meeting in accordan with the Church Representation Rules. Recmitment and appointment of trustees The method of the appointment of PCC members is sel out in the Church Representation Rules. All who attend Church are ermuraged to register on the Electoral Roll and stand for election to the Paro¢hial Church CouncAI Ipcci Arrangements forsetting key managementpetrsonnel Muneration There is no remuneration paid to key management personnel. Oryanisational stnKturn The PCC is the Ial body of the Parish and holds a sufficient number of meetings during the year to enable the efficient transaction of its business. Been mb"ngs a standing committee transacts the PCC'S business. Employed Staff Ms Michelle Beardsley - Parish Administrator until May 2023 Mrs Sarah cUtts-Finan Offi¢%r from June 2023. Mr Mark Wilde-Dire¢tor of Music Mr Martyn Plumtree- Caretaker Mr Matthew Dalby- Assstsnl Caretsker Mrs Sharon Ferrand- Café Manager Risk Management The PCC and each DCC regularly consider and nK)nitor the risks lo which they are exposed. With the assistan of their advisors. they ensure any considered risks are mitigated as far as tM)ssible Risks are reviewed throughout the year through considered by the PCC. These risks Include Repair and rna1ntenan of building, fabric and content& congregation numbers. s*guarding of children and vulnerable adults, and health and safety. Page 3
The Parochial Church CounGiI of Grimsbyg St Mary and St James and St Hugh Truslees. Report (continued) Reference and Adminlstrative Details The follNing PCC members were in post al th8 ye8r end dale.. Father Christopher Hewitt, SCP Clergy.. Reverend Susanna Rosemeyer. from July 2023 Churehwardens.. Mr Robert Lockwood, Grimsby Minster.. Mrs Mary Topliss, Grimsby Minster Ms Christine Plant MBE, St Hugh., Representatlv05 to Deanery Synod.. Mr Christophèr Daniel., Ms Christine Plant MBE Elected Lay Memtjers.. Mrs Lois Maudson. St Hugh- Mrs Julia Foulds (sectary). St Hugh- Mr Miohael Bull (treasurer), Grimsby Minstef Mrs Katherine Bruning. Grimsby Minster Dr Timothy Bnjning, Grimsby Minster Mrs Sheila Sitatombe, Grimsby Minster Mrs Julie Matthews, Grimsby Minster Mr Ben Carter, Grimsby Minster Mrs Sue Mitchell, St Hugh's MrJamie Smith The annual report was appfoved by the trustees of the charity on . and signed on its behalf by: C Daniel TTU5tee Page 4
The Parochial Church Council of GriThtsby, St Mary and St James and St Hugh Independent Examiner's Report to the trustees of The Parochial Church Council of Grimsby, St Mary and St James and St Hugh l port to the trustees on my examination of the accounts of The Parochial Church Council of Grimsby, Sl Mary and St James and St Hugh for the year endec$ 31 Dmber 2023. Responsibilities and basis of report As the charity trustees of The Parochial Church Council of Grimsby, Sl Mary and Sl James and St Hugh you a responsible for the preparation of the accounts in accord8nce with the requirements of the Charities Act 2011 I'lhe I report In respect of my examination of the The Parochial Church Council of Grimsby, St Mary and St James and Sl Hugh's accounts Garried out under section 145 of the 2011 Act and in ¢arrw'ng out my exarThnation I have folFowul all the apiCAble Directions given by the Charity Comnission under section 14515llbl of the Act Ind•pgndent examinerfs statement I have completed my examination. I confirm that no m*erial matters have co to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. the accounts do not accord wlh those records., or 2. the accounts do not (x)mply with the acrounling requiretrEnts Conrning the form and content of accounts sel out in the Charities (Acwunts and ReFOrtsl Regulations 2008 other than any requirerrEnt that the accounts give a 'true and fair vieW which is not a matter considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examination lo which attention should be drawn in this reKM)rt in order trj enable a proper understanding of the a(rounts to be reached. Carrie Anne Jensen ACA 26 South St Matys Gale GriffBby DN31 1LW Date.. Page 5
The Parochial Church Council of Grimsby. St Mary and St James and St Hugh statement of Financial Activities for the Year Ended 31 December 2023 Unrestridgd funds Restricted EndOwt funds funds Total 2023 Note In¢omo and Endownwnts from: Donations and legaaes Other trading activities InvesthEnt income Other incotT 69,851 77,C69 22, 122 399 3,6(X) 73,451 77,C69 22,429 399 307 Total income 169,441 3,907 173,348 Expendlture on: Raising funds Church activities Cknernance costs 154.5581 1160,1581 11,3721 12501 13,2511 154,8081 1163,4091 11,3721 Total expenditure Gainsllosses on investment assets 1216,0881 11,628 13,5011 1219,5891 59,(MJ4 47,376 Net lexpenditurellincome Gross transfers beNveen funds 135,0191 132,039 d06 132,039 47,376 12,763 Net movement in funds 97,020 1131,6331 47,376 12.763 Reconciliation of funds Total funds brought forward Total funds carried forward 175,780 144,5 499.637 820,013 20 272,8(K) 12,963 547.013 832,776 The notes on pages 9 to 23 fomi an integral part of these financial stslenEnts. Page 6
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Statement of Financial Activities for the Year Ended 31 December 2023 (continued) Unrestricted funds Restrlthd Endowmwl funds funds Total 2022 Income and Endowments from: Donations and legacies Other trading activities Investment incorr other incomè 77,807 95.822 15,776 22,044 72.760 150,567 95,822 15,902 22,044 126 Total income 211,449 72,886 284,335 Expgnditure on: Raising fLJnds Church activities other exFEnditu Govemance Costs 1105.7281 1213,2151 141,4861 18.0981 1105,7281 1247,4301 187.2731 18,098 134,2151 112,7781 133,0091 Total expenditure Gainglosses on InveStEnt assets 1378,5271 12,4931 146.993} 133,0091 170,142 1458,5291 172,6351 Nel lexpenditurellincotr Gr05s transfers beheen funds 1169,5711 233,298 25,893 233.2981 1103,151) 1246,8291 Net movement in funds 63,727 1207,405} 1103,1511 1246,8291 Reconciliation of funds Total fvnds brought forward Total funds carried forward 112,053 352,001 602,788 1,(166,842 820,013 20 175,780 144,596 499,637 The notes on pages 9 to 23 form an integral part of these financial Stslennts. Page 7
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh {Registration number: 1132580) Balance She8t as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Investments 15 16 2.431 681,149 622,144 683,580 628,588 Current assets Debtors Cash at bank and in hand 17 18 979 158.254 6.754 199.803 206,557 159.233 Creditors: Amounts fvlling due within one year 19 10,037 15.132 Nèt current assets 149 196 191,425 Net as$ets 832.776 820.013 Funds of thg charity: Endowment funds 547,013 499.637 Restricted incorne funds Restrictèd funds 20 12,963 144.596 Unrestricted income funds Unrestricted funds 272.800 175.780 Total funds 20 832.776 The financial statements on pages 6 to 23 were approved by the trustees, and aulhorised for issue on ....... and signed on their behalf by.. M Bull Tnjstee C Daniel Trustee The notes on pages 9 to 23 form an integral part of these finanual statements. Page 8
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 1 A¢¢ounting policies Statement of compliance The financial slalemenls have been prepared under the Church Accounting Regulations 2006 in accordan wlh Accounting and Reporting by Charib"e5". Statement of ReComnded practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- (Charities SORP IFRS 10211, the Financial Rew)rting Standard applicable in the UK and Republic of Ireland IFRS 1021, Basls of preparation The Parochial Church CounrAI of Grimsby, St Mary and Sl James and Sl Hugh mts the definits'on of a public benefit entity under FRS 102. The accounts (finanal statemenlsl have been ppared under the historical cost convention with Items recognised at cost or transaction value unless olheNrise stated in the relevant notelsl to these aceounls. The financial statenEnts are prepared in 5terfing and rounded to the nearest wjund. Going concem The trustees consider that there a no material UnrtaInlieS about the charitys ability to continue as a goirg concern. Income and endowments Voluntary inrne including donations, gifts, legaeS and grants that provide core funding or are of a general nature Is recognised when the charity has entitlement lo the inconE. il is probable that the income wll be received and the amount can be measured wlh Sufficient reliaL¥"lity. Donations and legacies Donations and legacies are recognised on a receivable basis when rlpt is probable and the amount (>n be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. vVhe performan conditions are attached to the grant and are yet to be met, the incotrE is recDgnised as a liability and induded on the balan Sheet as deferred income lo be released. Investment income Dividends are recognised once the diwdend has been dedared and notthcats.on has been received of the dividend due. Expenditure All expenditure is rec¥)Jnised On there is a legal or constructive OlgatiOn to that expendrture, it is probable settlerrenl is required and the amunt can be measured lIablY. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that ¢xlegory. Raising funds These are costs incurred in attracbng voluntary income, the manageffnt of inVeStEnts and those Incurred in tracling activities that raise funds. Charitable activities Charitable expenditure Comprises those costs incurred by the charity in the delivery of its activities and serVIS for ils beneficiaries. It indudes both costs that can be allocAted directSy to such activities and those costs of an indirect nature necessary to support them Page 9
The Parochial Church Council of Grimsby. St Mary and St James and St Hugh Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) Support costs Support Costs include central functions and have been allocated to activity cost categories on a basis consistent ith the use of resources, for example, allocats.ng propety costs by floor area5, or per capita, staff costs by the t1 snt and other costs by their usage. Govemance costs These include the costs attributable to the charity's Complian wth constitutional and slutory requirenEnts, induding independent examination. strategic management and trustees meetings and reimbursed expenses. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources exFended for whith it was incurred. Taxation The charity is considered to pass the tests set out In Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore il m&ls the definition of a charitable company for UK corporation lax purposes. Accordingly, the charity is polents"8lly exempt from taxation in rest¢t of incotrE or capital gains received wthin categories covered by Chapter 3 Part 11 of the CorF)oration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 10 the extent that such inconE or gains are applied exclusively to d)aritable purposes. Tangible fixed assets Individual fixed assets costing £1,000.00 or more are initially recx)rded at cost, less any subsequent accumulated depreciation and subsequent UmUlated impainrEnt losse5. Consecrated and benefid property of any kind is excluded from the acwunts by S.10121 lal of the Charities Act 2011. k)vatAe church ftjmishings held by the Rector and ChLJrchwardens on special trust for the PCC, and which qUIre a faculty for diswsal, are accounted for as inalienable property unless consecrated. They are listed in the church's Inventory, being available for inspection. For inalienable prorty a(4uired prior to January 2001 there is insufficient cost information available and therefore such assets are not valued in the aotounls. The PCC also owns land and buildings which has not been valued in these accoun15. 1115 felt by the PCC that the cost of having these properties valued professionally would not be worthwhile in the Context of these accounts. Improvements to buildings during the year have been rapitalised at cost. These improvements wll be depreaated after the work has been CLJrrpleted. DepcIatIon and amortisation Depreciation Is provided on tangible fixed assets so as to write off the cost or v8luab"on, less any estimated residual value, over their expected useful economsc life as follows.. Asset class Fixtures, fittings and Offi equipnEnt Depreciation nwthod and rate 15°k and 200/0 straight line basis Flxed asset investments Fixed asset investmen15, Other than program related investments. are included al market value at the balance sheet date Realised gains and losses on inveslrrents are calculated as the differen ben sales proceeds and Ih&r market value at the start of the year. or their subsequent cost, and are Charged or credited to the Statement of Financial Activities In the period of disposal. Unrealised gains and losses repSent the mOveEnt in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. Page 10
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 {continued) Cash and cash equivalents Cash and cash eqLJivalents comprise cash on hand and call detK)sils. and other short-term highly liquid investments that are readily convertible lo a known amount of cash and are subject lo an insignificant risk of change in value. Fund stnthre Unrestricted income funds are general funds that are available for use at the trustees discretion in furtheran of the objectives of the charity. Designated funds are unrestricted funds sel aside for SpefiC purposes al the discretion of the Iruslees. Restricted incoffe funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. EndowffEnt funds are restricted funds that musl be retained as trust capital either perrvkHnenlly or subject to discretionary power to spend CAPital as income, and where the U of any Income or other benefit derived from the capital may be rselricted or unrestricted. Full details of all thr restrictions are shown in the notes lo the accounts. Pensions and other )St retÉrement obllgatlons The charity operates a defined contribution pension scheme which is a Fension pl8n under which fixed contributs"on5 a paid into a pension fund and the charity has no legal or constructive obligation lo pay further ntribub.ons even if the fund dS not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior pericxls. Contributions lo defined contribution plans are recognised in the Statement of Financial Activities when they a due. If contribution payments exceed the cDntribulion due for servi, the eXsS is recognised as a prepayment. 2 IncoTr* from donations and lega¢i¢s Unrestricted funds Genaral Rostricted funds Total 2023 Donations and legacies., Planned gimng donations Colle¢lions Q'ft aid reclaimed Grants, including capital grants", Grants from other Charities 42.856 17,427 9,568 42,856 17,427 3.600 3,600 69.851 3,600 73,451 Unrestricted funds General Restrl¢ted funds Total 2022 Donations and legacies". Planned giving donations Collections Gift aid redaimed Grants, including capital grants,. Grants from other charities 45,785 24,816 7,206 45,785 24,816 7,2C6 72,760 72,760 77,807 72.760 150,567 Page 11
The Parochial Church Councll of Grimsby, St Mary and St James and St Hugh Notss to the Financial Statements for the Year Ended 31 December 2023 Icontinued) 3 Inwmo from other trading activities Unrestricted funds Ggneral Total 2023 Trading inctjme.. Rents Sales of grS and servi Events income., Cafe sales 20,770 5,215 20,770 5,215 51,084 51,084 77,C69 77,069 Unrestricted funds General Total 2022 Trading incx)me', Rents Sales of goods and servi Events income". Cafe sales 27,196 3,739 27,196 3,739 64,887 95,822 64,887 95,822 Page 12
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 Dernber 2023 (continued) 4 Inve$lmgnt income Unrestricted funds Genoral Restricted funds Total 2023 Interest CeIvable and similar income., Interest r1Vable on bank deposits 22,122 22.122 307 22,429 307 22,429 Unrestricted funds Genernl Total 2022 funds Interest r1Vable and similar income., Interest receivable on bank deposits 15,776 126 15,902 1 5,776 126 15,902 5 Other Income Unrestricted funds General Total 2023 Sundry income 399 399 Unrestricted funds Gener41 Total 2022 Sundry incDrne 22.044 22.044 6 ExndItUre on raising funds a} Costs of generating donations and legacies Unrestricted funds Gèneral Total 2023 Note Cafe purchases staff Costs 17.116 38.742 17,116 38,742 55,858 55,858 Page 13
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Unrestricted fund5 General Total 2022 Cafe purchases Staff Costs 20,270 62,045 20,270 62.045 82,315 82,315 bl Investment management costs Restricted funds Total fund$ Note located support costs 250 250 Totsl for 2023 250 250 cl Other costs of generating donatlons and legacies Unrestricted funds General Total funds Not• Iccated support $ts 1.300 1,300 Total for 2023 11,3001 11,300 Total for 2022 23.413 23,413 Page 14
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notss to the Financial Statements for the Year Ended 31 December 2023 (continued) 7 Expendlturg on church activities Unrestrictsd funds General Restr4Cted funds Total 2023 staff costs Di0san quota Clergy expenses ght, heat and water General repairs Verger & cleaning Insuran Atar requisites Music Church and organ repairs Depreciation Postage, telephone, printing, stab'onery and advertising Professional fees Miscellaneous expenses 44,930 21,000 1,713 24,927 4,358 1,650 17,075 1,457 3,251 306 4,013 44,930 21,000 1,713 24,927 7,609 1,650 17,075 1,457 3,251 3[ 4,013 3.251 8,362 18,714 8,402 18,714 8,402 160.158 3.251 163,409 Unrestricted funds General Restricted funds Total 2022 Note Staff costs Diocesan quota Clergy expenses Light, heal and water General repairs Verger & cleaning Insuran Ajtar requisites Music Church and organ repairs Depreciation Postage, telephone, printing. stationery and advertising Professional fees miSl3ne(yJS expenses 70.469 16,000 1,298 25,700 20,044 1,766 19.010 1,252 1,948 730 5,665 70,469 16.000 1,298 25,700 54,259 1,766 19.010 1,252 1,948 730 34,215 7,501 473 41,359 7,501 473 41,359 213,215 34,215 247,430 Page 15
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 8 Other axpenditure Unrastricted funds General Endow7nent funds Permanent Restricted funds Total funds Note Totsl for 2023 Totsl for 2022 41,486 12,778 33,009 87,273 9 Analysis of governance and supwrt ¢osts Governance costs Unrestricted funds General Total 2023 Independent examiner fees Examination of the finanual statements 1,372 1,372 1,372 1,372 Unrestricted funds General Total 2022 Independent examiner fees Examination of the financial statements Legal fees 7,521 10,STK 7.521 10,577 18,098 18,098 10 Net incomingloutgoing resource5 Net outgoing resourees for the year include.. 2023 2022 Depwi*'on of fixed assets 4,013 11 Trustees remuneratlon and 8xperS No trustees, nor any persons connected wth them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 16
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 12 Staff costs The aggregate payroll costs were as follows". 2023 2022 Staff costs during the year were: Wages and salaries Soa81 security o)sls Penson costs 80,148 2,629 895 126,110 5,110 1,294 83,672 132,514 The monthly average number of persons linduding senior management I leadership leaml employed by the charity during the year was as follows.. 2023 No 2022 No Administrab"ve staff No employee received emolunEnts of more than £60,000 during the year 13 Independent &xamlngV$ remuneration 2023 2022 Examination of the financial statements 1,372 7,521 14 Taxation The charity is a registered charity and its activities are exempl from taxation. Page 17
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued 15 Tanglblè fixed assets Land arKI buildings Furnitu and quipn*nt Total Al 1 January 2023 Disposals 289,690 58.177 15,6471 347.867 5,6471 At 31 Dmber 2023 289,690 52,530 342,220 Depreclation At 1 Janu8ry 2023 Charge for the year Eliminated on disw)sals At 31 December 2023 289,690 51,733 4,013 15.6471 341.423 4.013 15,6471 289,690 50,099 339,789 Net book value Al 31 Oecemkr 2023 2,431 2,431 At 31 December 2022 16 Fixed asset investments 2023 2022 Other investments 681,149 622,144 Page 18
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Other investments Unlisted investmènts Total Cost or Valuation At 1 January 2023 Revaluation 622,147 59,002 622.147 59,002 At 31 December 2023 681,149 681,149 Net book value At 31 December 2023 681,149 681,149 At 31 DeCemr 2022 622,147 622,147 17 Debtors 2023 2022 Trade debtors Incon* tax recoverable 979 4,292 2,462 6,754 979 18 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank Short-lerm deposits 528 35,939 121,787 528 49,070 150,205 1 $8,254 199,803 19 Creditors: amounts falllng due within ona year 2022 Trade creditor5 Other taxation and soryal security Other creditors Accruals 3.279 145 2,412 4.201 8,249 766 2,305 3,812 10,037 15,132 Page 19
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 20 Funds Balance at Other 31 recognisgd December Transfer5 gainsl{lossesl 2023 Balance at 1 January 2023 Incoming Resou8$ resource5 exponded Unrestricted funds GenetBI General Fund 27,524 152,224 1199,6331 132,686 112,801 Designated Sl James Operab'onal Fund St Hugh Miso Bequests Fund Sl Hugh Church Building Fund St Hugh organ Fund St Hugh General Fund st Hughs Community Cent St James House Sale 5.167 15.1671 2,090 12,0901 15.431 2,720 3,535 115,4311 12,7201 21,567 17,217 116,4551 25,864 13, 1941 122,507 3,194 11,628 134,135 159,999 148,256 17,217 116,4551 1647 11,628 Total unrestricted funds 175,780 169,441 216,088 132,039 11,628 272,800 Restricted funds st James General Legaties St Hugh's Mea15 Service St Ja3 ChoTal St Ja5 Fabri¢ St Hugh Canon Ruddy Bequest St Hugh Ena Berry Bequest Sl Hugh Community Centre Heritage Fund Grimsby Minster Sl Hugh Church National Lottery Fund National Heritage Fund Education Skill NELC Grants LDTBF Transformation Fund Choir Bursary 11,6C6 {17,2671 2,886 201 111,6C61 17,267 12,8861 12011 2,551 12,5511 9,3C6 307 9,613 1,520 91,998 {20,2921 3,250 13,150 39,200 2,500 3,487 11,5201 191,9981 20,292 13,2501 113,1501 {39,2001 12,5001 12361 600 {3,251} 600 500 15001 3,000 250 2,750 Total restricted funds 144,596 3,907 13,5011 1132,039 12,963 Page 20
The Parochial Church Council of Grimsby, St Mary and St JanRs and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued Balance at Other 31 recognised Decgmber Transfers gar111055&$I 2023 Balance at 1 January 2023 Incoming resources Resources expended Endovmient funds Pern7anent Sl JaffEs' Choral FoLJndation St JawEs' Curacy Fund Sl James, Fabric Fund Sl Jamès, Endowment Fund 125,911 55,918 262,112 11,949 5,307 24,833 137.860 61,225 286,945 55,696 5,287 60.983 499,637 47,376 547,013 Total funds 820.013 173,348 219,5891 59,004 832,776 Balance at 31 recognised Decembèr Transfers gain5111055esl 2022 Balance at 1 January 2022 Incoming resources Resources expended Unre5tri¢ted funds General C£neral Fund 31,2 14,4381 27.524 Deslgnated St James Operational Funot Sl Hugh Misc. Bequests Fund St Hugh Church Buikling Fund Sl Hugh Organ Fund St Hugh General Fund St Martin Church Hall Fund Sl Martin General Fund Sl Mart( General Fund St Hughs Community Centre Sl JanES House Sale 13,357 184,130 1300,6181 108,298 5,167 2,090 10,784 2,720 4,438 15,430 2,720 3,536 8,978 15,4421 34,2C6 16,231 703 134.2061 121.71 13,4971 5,736 2,794 9,603 112,7971 13,1941 122,507 148,256 125.000 12,4931 2.4931 80,091 211,449 1378.5271 237,736 Total unrestrithd funds 112,053 211,449 378.527 233.298 2.4931 175,780 Restricted St JaES Genera Lega¢ies St JatS House St Hugh's Meals Service st Jan*s Choral 11,6(6 280,000 117.2671 11.606 1280,OIX)I 117.2671 2,886 Page 21
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 Icontinued) Balance at other 31 recognised Decembgr TrarBfets gainslllossesl 2022 Balance at 1 January 2022 Incomlng Resources resources expended St JanEs Fabric St Hugh Canon Ruddy Bequest St Hugh Ena Bery Bequest St Hugh Community Centre St Martin General Legacies St Mark Centre Fund Heritage Fund Grirnsby Minster St Hugh Church National Lottery Fu& National Heritage Fund Education Skill NELC Grants LDTBF Transformation Fund 201 201 2.551 2,551 9,180 126 9,3C6 1,520 1,520 4,791 7,987 91,998 146.7021 3,250 14,7911 17,9871 91,998 120,2921 3,250 13,150 39,200 2,500 3,487 120,2921 46,702 20,000 39,200 2.500 10,560 16,850) 17.0731 500 Total restricted funds 352,CK)1 72,886 146,9931 1233,2981 144,596 Endowment funds Pemwnent St JanEs' Choral Foundation Sl James, Curacy Fund Sl James, Fabric Fund St JawEs' Endowment Fund St Mark's Fer Bequest 147.840 63,341 296,874 (S,0) 116,9291 17,4231 134,7621 125,911 55.918 262,112 63,090 17,3941 55,696 31,643 602,788 128,0091 (33,009 13,6341 70,142 499.637 Totsl funds 1,CE6,842 284.335 1458,5291 172,6351 820.013 Page 22
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 21 Analysis of net assets between funds Total fund$ at31 December 2023 Endowment funds Permanent Unrestricted funds General Designated Restrlded funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 2,431 2,431 681,149 159,233 110,0371 134,136 25,864 547,013 122,837 110,0371 10,532 Total net assets 112,8QK) 160,0(10 12,963 547.013 832,776 Total furKIs at31 Dgcamber 2022 EndowTnent funds Pemwnent Unrestricted funds General Design*8d Restricted funds Tangible fixed assets Fixed asset Investrnts Current assets Current liabi'lities 122,507 499,637 622,144 206,557 115,132 68.405 15,132 138,152 Total net assets 53,273 122,507 144,596 499,637 820,013 22 Related party transactions There were no related paty transactions in the year. Pe 23