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
Inde￿ndant 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 p￿sent the annual report together with the finanoal state￿ents of the charty for the year ended 31
D￿mber 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 prOn￿tIng 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 Grin￿Y 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 di0￿Se 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 a￿culated 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 S￿la1 aciion. We will ex￿1 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 adVan￿rrEnt 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 require￿Ents 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
Offi￿r$ 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)
Developn*nts 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
C￿n￿rts, 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 rese￿eS
Each ￿c is Charged wlh retaining sufficient general funds to enable them to continue their activities. It is our
policy lo invest our fund balan￿S with the CBF Church of England Depo&t Fund. A review of g0Veman￿ and
finan￿al 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 Ja￿ES and St Hugh 15 r￿IStered 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 I￿al body of the Parish and holds a sufficient number of meetings during the year to enable the
efficient transaction of its business. Be￿en m*b"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 (sec￿tary). 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 D￿mber 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 ap￿iCAble 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 Con￿rning 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 cOn￿mS 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 EndOw￿t
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 InveSt￿Ent assets
1378,5271
12,4931
146.993}
133,0091
170,142
1458,5291
172,6351
Nel lexpenditurellincotr
Gr05s transfers beh￿een 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 Stslen￿nts.
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 ReCom￿nded 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 m*ts the definits'on of a public
benefit entity under FRS 102. The accounts (finan￿al statemenlsl have been p￿pared 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 Un￿rtaInlieS about the charitys ability to continue as a goirg
concern.
Income and endowments
Voluntary in￿rne including donations, gifts, lega￿eS 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 r￿lpt 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 O￿lgatiOn 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 manageff*nt of inVeSt￿Ents 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 serVI￿S 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￿
s￿nt and other costs by their usage.
Govemance costs
These include the costs attributable to the charity's Complian￿ wth constitutional and sl*utory 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 benefi￿d 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 pro￿rty 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.
Dep￿cIatIon 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￿ be￿n 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 rep￿Sent the mOve￿Ent 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 Spe￿fiC 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 th￿r 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 d￿S 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 eX￿sS 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 gr￿S 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 D￿ernber 2023 (continued)
4 Inve$lmgnt income
Unrestricted
funds
Genoral
Restricted
funds
Total
2023
Interest ￿CeIvable and similar income.,
Interest r￿1Vable on bank deposits
22,122
22.122
307
22,429
307
22,429
Unrestricted
funds
Genernl
Total
2022
funds
Interest r￿1Vable 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 Ex￿ndItUre 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
Di0￿san 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
miS￿l3ne(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 8xper￿S
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 D￿mber 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 DeCem￿r 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
Resou￿8$
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 Ja￿￿3 ChoTal
St Ja￿￿5 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 gar￿111055&$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 Ja￿ES Genera
Lega¢ies
St Jat￿S 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 F￿er
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 Investr￿nts
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.
P￿e 23