Charity registration number: 1132580
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Annual Report and Financial Statements
for the Year Ended 31 December 2024
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 23 |
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Reference and Administrative Details
Chairman Rev C Hewitt, (until his retirement on 31/3/24, then Christopher Daniel as Lay Vice Chairman) Trustees B Lockwood M Bull K Bruning M Topliss J Foulds T Bruning C Daniel C Plant MBE L Maudson B Carter J Matthews S Mitchell Mrs S Sitatombe R Hatton Charity Registration Number 1132580 Principal Office St Hugh's Community Centre Haycroft Street Grimsby DN31 2EA Independent Examiner Forrester Boyd 26 South St Mary's Gate Grimsby DN31 1LW
Page 1
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. The members of the Parochial Church Council (the trustees) confirm that the annual report and financial statements of the charity have been prepared in accordance with the accounting policies set out in set out in the Statement of Responsibilities below and comply with the Charities Act 2011, the requirements of the charity’s governing body and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial reporting Standard 102.
Objectives and activities
Objects and aims
The Parochial Church Council of the Parish of Grimsby Saint Mary and Saint James and St Hugh, has the responsibility of cooperating with the incumbent in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic social and ecumenical. The PCC is also specifically responsible for the maintenance of our churches of Grimsby Minster, St Hugh’s Church and the St Hugh’s Community Centre.
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the Parish and makes suggestions on how our services can involve the many groups that live within our Parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year we have considered the Charity Commission’s guidance on public benefit, and in particular, the supplementary guidance on charities for the advancement of religion. In particular we try to enable ordinary people to live out their faith as part of our parish community through:
· Worship and prayer learning about the gospel developing their knowledge and trust in Jesus · Provision of pastoral care for people living in the parish · Missionary and outreach work.
To facilitate this work it is important that we maintain the fabric of the churches of Grimsby Minster, St Hugh’s Church and St Hugh’s Community Centre.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling.
At Grimsby Minster, in addition to our main choral communion service on a Sunday, we also offer a communion service during the week, and morning prayer on three mornings a week. Once a month we hold an afternoon service of Choral Evensong, a service sung by the choir and contemplated by the congregation.
At St Hugh’s Church holy communion is celebrated on one Sunday a month and on the intervening Sundays we hold an informal fellowship group with hymns, readings and discussion. We have Mr John Foulds and Mrs Sue Mitchell to thank for leading the group. People find it easy to follow our services as they are printed out in booklets.
All are welcome to attend our regular services. Our present there are 130 parishioners on the electoral roll of which 51 are not resident within the Parish. The average weekly attendance counted during October 2024 was 80 at Grimsby Minster and 15 at St Hugh’s Church, but this number Increased at festivals, especially around Christmas and Easter. In the lead up to Christmas this year we held seven carol services for schools, within and outside the Parish which saw the churches packed out. We held a Christingle service in St Hugh’s Church which was very well attended and also we held a traditional Nine Lessons and Carols service at the Minster.
Grimsby Minster also has a role as a Civic Church for the borough and hosts several special services during the year.
Page 2
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Trustees' Report (continued)
Grimsby Minster serves as a beacon for the Anglican choral tradition in this area. Most of our services here are supported by a professionally trained choir of male and female adult adults and children. The younger choristers are pupils of local state schools. Our director of music, Mr Mark Wilde is an acclaimed musician and teacher. Mr Julian Aistrop serves as our organist and is also able to assist Mr Wilde with the choir and to provide music lessons to our younger members.
As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life; in marriage public vows are exchanged with God‘s blessing; through funeral services, friends and families express their grief and give thanks for the life which is now complete in this world and commend the person into God’s keeping. We have celebrated 36 baptisms, 4 weddings and held 7 funerals in our church this year.
Deanery Synod
Four members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the Parish and the wider structures of the church. This year the PCC has focused his attention on the questions posed to parishes in the deanery about the most effective deployment of stipendiary and non- and non-stipendiary clergy as part of the Diocese of Lincoln, “Time to Change Together” programme.
Outreach
We want our churches to be open as much as possible. In the case of Grimsby Minster, we have a café which opens from 9.30am until 2.30pm from Tuesday until Saturday. This enables us to provide a space not only for refreshment but for private prayer which would not be possible otherwise.
In addition, Grimsby Minster hosts many artistic and cultural events and has established good partnerships with some of the major artistic providers in the town. For example, the Grimsby Symphony Orchestra, the Grimsby Philharmonic Society, the North Lincolnshire Art Society, the Culture House and Our Big Picture have put on Concerts, exhibitions and interactive events. We are fortunate that Grimsby Minster is situated in Saint James’s Square, a grass area which is jointly owned with the local authority which provides a space where we can extend our artistic and cultural offering beyond the church building. Our musical offering extends beyond posh concerts for posh people, as we have hosted some very successful rock concerts.
Although St Hugh’s Church itself is not as active in these areas, St Hugh’s Community Centre next door is very well used. It houses the Parish Office which is our administration centre. During the week the Centre is used by Beavers, Cubs and Scouts, by karate and tai chi groups and by dance groups. And the Centre is an important hub for the Equality Practice. The Equality Practice provides innovative activities to support men and women who may have social and economic disadvantages.
We are always looking for ways to be a welcoming community for children, whether they come to church or not. Apart from our choir, we have a dedicated children’s area for use during services and provide good quality, age related Christian resources. We organise inexpensive half term craft activities for children.
Fabric
Grimsby Minster underwent an extensive re-ordering and renovation in 1996 benefiting from extensive grant aid. In addition, in 2005, again with the help of grant funding, a major extension was added to the existing building to provide meeting space toilets et cetera. Despite this, the main part of the building is in need of substantial renovation and adaptation. The exterior of the building is in generally good repair and the roof is sound after significant remedial work. As for the interior there are major deficiencies with the lighting system which is now obsolete and is a major obstacle in extending our musical and artistic offerings. The Walker organ a magnificent instrument installed in the 1950s needs significant overhaul which is estimated to cost somewhere in the region of £650,000 exclusive of VAT! The Lady Chapel floor needs replacing as the existing floor has been extensively damaged by the water ingress that occurred before the church roofs were made sound. To further these needs, we are at the moment working on developing a major bid for National Lottery funding which we estimate would cost somewhere around £1.4 million.
Page 3
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Trustees' Report (continued)
Saint Hugh’s Church is also in need of attention although the structure is generally sound.
St Hugh’s Community Centre has required some repair and refurbishment. The roofs have needed attention. A new hot water boiler has had to be installed and there are some problems with damp in parts of the building. The Parish has spent a considerable amount from its own resources to try to make good deficiencies in the estate. Nevertheless, to do all repairs and renovations which are necessary are totally beyond the financial resources of the PCC.
Pastoral care
Some members of our Parish are unable to attend church due to sickness or age. Our clergy have visited all church members who have requested it to celebrate communion with them at their homes or in their care homes. We also make sure that those who cannot come to church I kept abreast of developments through our newsletter. Our curate, Reverend Susanna Rosemeyer, runs a Pastoral Table on Wednesday mornings where people can book baptisms or find a listening ear for personal problems.
Mission and evangelism
A lot of our Parish is an area of quite pronounced deprivation, and we encourage our congregation to contribute to the food and clothing needs of the West Marsh community. We have donated substantial quantities of food and clothing to the West Marsh Community Centre several times this year.
Ecumenical relationships
We have entered into an ecumenical relationship with the Redeemed Christian Church of God. This is an evangelical church of Nigerian origin which has several congregations throughout the United Kingdom and is a registered charity. This Church uses St Hugh’s Church for its services on Sunday after the normal congregation has finished its worship or fellowship meetings. This has required a lot of goodwill, adaptability and flexibility to enable the arrangement to work smoothly. This undertaking was established in accordance with Church of England ecumenical protocols and with the permission of the Diocesan Bishop. The RCCG also hires the Saint Hugh’s Community Centre so it can do children’s work and run community activities. We greatly appreciate the value of the work done by the RCCG in our community.
The clerical vacancy
This Parish has had been in vacancy since the previous Vicar, Father Chris Hewitt retired in March 2024, although he had been on sick leave since the previous October. This has proved to be a major challenge for the lay members of the Parish and its volunteers. Fortunately, the Diocese has been able to secure the services of a part-time priest, Reverend Canon Peter Mullins supported by our curate the Rev Susanna Rosemeyer. We are immensely grateful to them both for the energy and commitment they have displayed in helping us to manage a demanding situation. Reverend Peter although part time is a person of immense energy and great spiritual insight and this has contributed to our congregation growing at a time when one might not have expected it. Nevertheless, it is important that the Parish appoint a full-time stipendiary priest as soon as a suitable candidate becomes available to meet the considerable demands that a Parish of this size entails.
Volunteers
We would like to thank all the volunteers who worked so hard to make our church the lively and vibrant community it is. In particular we want to mention our church wardens Mr Rob Lockwood, Mrs Mary Topliss and Mrs Christine Plant MBE, and our Safeguarding Officer Dr Tim Bruning, who have worked so tirelessly on our behalf and also to Mr. Mike Bull who has helped us all to understand the church’s accounts and its finances.
Page 4
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Trustees' Report (continued)
Staff
Our paid staff have also made a significant contribution to the smooth running of the Parish. Our Finance Officer, Mrs Sarah Cutts, keeps the accounts in order but also does a significant amount of work around general church administration and event organisation. She is ably assisted by Miss Clare McGrath our Administrative Assistant. At Grimsby Minster our caretaker Mr Martin Plumtree is a great asset who keeps the building spick and span and arranges for its frequent reconfiguration to make it suitable for the wide variety of church and artistic events. Mrs Kate Bruning, our Education Officer oversees our children’s work and liaison with local schools. We are also grateful to our coffee staff under the able direction of Mrs Sharon Ferrand, whose entrepreneurial insight enables the café to show a small profit.
Financial review
Policy on reserves
The PCC is charged with retaining sufficient general funds to enable it to continue its activities. It is our policy to invest our fund balances with the CBF Church of England Deposit Fund. There is still a need to develop a reserves policy in order that the PCC can manage risk better.
Total funds held are £794,701 of which £216,542 are unrestricted free reserves for general use.
Scripture, governance and management
Nature of governing document
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity.
Recruitment and appointment of trustees
The method of appointment of PCC members is set out in the Church Representation Rules. In this Parish the PCC consists of the incumbent (currently vacant), the churchwardens, the curate and members elected by those members of the congregation who are on the electoral role of the church. All those who attend our services/members of the congregation are encouraged to register on the electoral role and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.
Arrangements for setting key management personnel remuneration
There is no remuneration paid to key management personnel.
Organisational structure
The full PCC met eight times during the year with an average level of attendance of 80%. Given its wide responsibilities, the PCC has also appointed a standing committee to act on its behalf between full meetings.
Employed Staff:
Mrs Sarah Cutts -Finance Officer. Miss Clare McGrath – Administrative Assistant Mrs Kate Bruning, Education Officer Mr Mark Wilde -Director of Music Mr Julian Aistrop, Minster Organist Mr Martyn Plumtree – Caretaker Mr Matthew Dalby – Assistant Caretaker Mrs Sharon Ferrand – Café Manager Mr Harry Cowley – Café staff member Miss Jess Walker – Café staff member
Page 5
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Trustees' Report (continued)
Risk Management
The PCC considers and monitors the risks to which it is exposed. With the assistance of its advisors, it ensures that any considered risks are mitigated as far as possible. Risks are reviewed throughout the year and considered by the PCC. These risks include repair and maintenance of buildings, fabric and contents, congregation numbers, safeguarding of children and vulnerable adults, and health and safety.
Reference and Administrative Details
The following PCC members were in post at the date of this report:
Vicar:
Vacant
Clergy:
Reverend Canon Peter Mullins, Assistant Priest, from March 2024 Reverend Susanna Rosemeyer, Assistant Curate.
Churchwardens :
Mr Robert Lockwood, Grimsby Minster; Mrs Mary Topliss, Grimsby Minster Ms Christine Plant MBE, St Hugh; (Deanery Synod representative)
Representatives to Deanery Synod:
Mr Christopher Daniel (Lay Vice Chair, PCC) Mrs Kate Bruning Mr Jamie Smith
Elected Lay Members:
Mrs Lois Maudson, St Hugh; Mrs Julia Foulds (Secretary), St Hugh; Mr Michael Bull (Treasurer), Grimsby Minster Dr Timothy Bruning (Safeguarding Officer), Grimsby Minster Mrs Sheila Sitatombe, Grimsby Minster Mrs Julie Matthews, Grimsby Minster Mrs Sue Mitchell, St Hugh’s Mrs Victoria Wilkins, St Hugh’s Miss Ros Hatton, Grimsby Minster
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... C Daniel Trustee
Page 6
The Parochial Church Council of Grimsby, 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
I report to the trustees on my examination of the accounts of The Parochial Church Council of Grimsby, St Mary and St James and St Hugh for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of The Parochial Church Council of Grimsby, St Mary and St James and St Hugh you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Parochial Church Council of Grimsby, St Mary and St James and St Hugh's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Carrie Anne Jensen ACA ICAEW
26 South St Mary's Gate Grimsby DN31 1LW
Date:.............................
Page 7
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Statement of Financial Activities for the Year Ended 31 December 2024
| Note Income and Endowments from: Donations and legacies 2 Other trading activities 3 Investment income 4 Other income 5 Total income Expenditure on: Raising funds Church activities 7 Governance costs Total expenditure 6 Gains/losses on investment assets Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted funds £ 83,826 97,988 24,412 16 206,242 (59,413) (188,575) (14,605) (262,593) 3,070 (53,281) (53,281) 272,800 219,519 |
Restricted funds £ 4,500 - 503 - 5,003 (200) (2,108) - (2,308) - 2,695 2,695 12,963 15,658 |
Endowment funds £ - - - - - - - - - 12,511 12,511 12,511 547,013 559,524 |
Total 2024 £ 88,326 97,988 24,915 16 |
|---|---|---|---|---|
| 211,245 | ||||
| (59,613) (190,683) (14,605) |
||||
| (264,901) 15,581 |
||||
| (38,075) | ||||
| (38,075) 832,776 |
||||
| 794,701 |
The notes on pages 11 to 23 form an integral part of these financial statements. Page 8
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Statement of Financial Activities for the Year Ended 31 December 2024 (continued)
| Note Income and Endowments from: Donations and legacies 2 Other trading activities 3 Investment income 4 Other income 5 Total income Expenditure on: Raising funds Church activities Governance costs Total expenditure Gains/losses on investment assets Net (expenditure)/income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted funds £ 69,851 77,069 22,122 399 169,441 (54,558) (160,158) (1,372) (216,088) 11,628 (35,019) 132,039 97,020 175,780 272,800 |
Restricted funds £ 3,600 - 307 - 3,907 (250) (3,251) - (3,501) - 406 (132,039) (131,633) 144,596 12,963 |
Endowment funds £ - - - - - - - - - 47,376 47,376 - 47,376 499,637 547,013 |
Total 2023 £ 73,451 77,069 22,429 399 |
|---|---|---|---|---|
| 173,348 | ||||
| (54,808) (163,409) (1,372) |
||||
| (219,589) 59,004 |
||||
| 12,763 - |
||||
| 12,763 820,013 |
||||
| 832,776 |
The notes on pages 11 to 23 form an integral part of these financial statements. Page 9
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
(Registration number: 1132580) Balance Sheet as at 31 December 2024
| Note Fixed assets Tangible assets 14 Investments 15 Current assets Debtors 16 Cash at bank and in hand 17 Creditors: Amounts falling due within one year 18 Net current assets Net assets Funds of the charity: Endowment funds Restricted income funds Restricted funds 19 Unrestricted income funds Unrestricted funds Total funds 19 |
2024 £ 2,976 696,730 699,706 851 109,264 110,115 (15,120) 94,995 794,701 559,524 15,658 219,519 794,701 |
2023 £ 2,431 681,149 |
|---|---|---|
| 683,580 | ||
| 979 158,254 |
||
| 159,233 (10,037) |
||
| 149,196 | ||
| 832,776 | ||
| 547,013 12,963 272,800 |
||
| 832,776 |
The financial statements on pages 8 to 23 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... M Bull Trustee
......................................... C Daniel Trustee
The notes on pages 11 to 23 form an integral part of these financial statements. 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 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),
Basis of preparation
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements are prepared in sterling and rounded to the nearest pound.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can 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. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 11
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 2024 (continued)
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Consecrated and beneficed property of any kind is excluded from the accounts by S.10 (2) (a) of the Charities Act 2011.
Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s Inventory, being available for inspection. For inalienable property acquired prior to January 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts.
The PCC also owns land and buildings which has not been valued in these accounts. It is 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 capitalised at cost. These improvements will be depreciated after the work has been completed.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Fixtures, fittings and office equipment
Depreciation method and rate 15% and 20% straight line basis
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their 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 represent the movement 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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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 2024 (continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income 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.
Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be rsetricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Donations and legacies; Planned giving donations Collections Gift aid reclaimed Grants, including capital grants; Grants from other charities Donations and legacies; Planned giving donations Collections Gift aid reclaimed Grants, including capital grants; Grants from other charities |
Unrestricted funds General £ 35,442 30,814 11,501 6,069 83,826 Unrestricted funds General £ 42,856 17,427 9,568 - 69,851 |
Restricted funds £ - - - 4,500 4,500 Restricted funds £ - - - 3,600 3,600 |
Total 2024 £ 35,442 30,814 11,501 10,569 |
|---|---|---|---|
| 88,326 | |||
| Total 2023 £ 42,856 17,427 9,568 3,600 |
|||
| 73,451 |
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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 2024 (continued)
3 Income from other trading activities
| Trading income; Rents Sales of goods and services Events income; Cafe sales Sponsorship income Trading income; Rents Sales of goods and services Events income; Cafe sales |
Unrestricted funds General £ 30,978 4,844 61,936 230 97,988 Unrestricted funds General £ 20,770 5,215 51,084 77,069 |
Total 2024 £ 30,978 4,844 61,936 230 |
|---|---|---|
| 97,988 | ||
| Total 2023 £ 20,770 5,215 51,084 |
||
| 77,069 |
4 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 24,412 24,412 Unrestricted funds General £ 22,122 22,122 |
Restricted funds £ 503 503 Restricted funds £ 307 307 |
Total 2024 £ 24,915 |
|---|---|---|---|
| 24,915 | |||
| Total 2023 £ 22,429 |
|||
| 22,429 |
Page 14
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 2024 (continued)
5 Other income
| Sundry income Sundry income |
Unrestricted funds General £ 16 Unrestricted funds General £ 399 |
Total 2024 £ 16 |
|---|---|---|
| Total 2023 £ 399 |
6 Expenditure on raising funds
a) Costs of generating donations and legacies
| Note Cafe purchases Staff Costs Note Cafe purchases Staff Costs |
Unrestricted funds General £ 17,193 42,001 59,194 Unrestricted funds General £ 17,116 38,742 55,858 |
Total 2024 £ 17,193 42,001 |
|---|---|---|
| 59,194 | ||
| Total 2023 £ 17,116 38,742 |
||
| 55,858 |
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 2024 (continued)
b) Investment management costs
| Note Allocated support costs Total for 2024 Total for 2023 |
Unrestricted funds General £ 219 219 - |
Restricted funds £ 200 200 250 |
Total funds £ 419 |
|---|---|---|---|
| 419 | |||
| 250 |
c) Other costs of generating donations and legacies
| Note Total for 2023 |
Unrestricted funds General £ (1,300) |
Total funds £ (1,300) |
|---|---|---|
7 Expenditure on church activities
| Note Staff costs Diocesan quota Clergy expenses Light, heat and water General repairs Verger & cleaning Insurance Altar requisites Music Depreciation Postage, telephone, printing, stationery and advertising Professional fees Miscellaneous expenses |
Unrestricted funds General £ 52,721 25,000 830 22,809 42,745 2,038 16,700 990 3,004 2,175 8,015 4,887 6,661 188,575 |
Restricted funds £ 1,508 - - - 600 - - - - - - - - 2,108 |
Total 2024 £ 54,229 25,000 830 22,809 43,345 2,038 16,700 990 3,004 2,175 8,015 4,887 6,661 |
|---|---|---|---|
| 190,683 |
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 2024 (continued)
| Note Staff costs Diocesan quota Clergy expenses Light, heat and water General repairs Verger & cleaning Insurance Altar requisites Music Church and organ repairs Depreciation Postage, telephone, printing, stationery and advertising Professional fees Miscellaneous expenses |
Unrestricted funds General £ 44,930 21,000 1,713 24,927 4,358 1,650 17,075 1,457 3,251 306 4,013 8,362 18,714 8,402 160,158 |
Restricted funds £ - - - - 3,251 - - - - - - - - - 3,251 |
Total 2023 £ 44,930 21,000 1,713 24,927 7,609 1,650 17,075 1,457 3,251 306 4,013 8,362 18,714 8,402 |
|---|---|---|---|
| 163,409 |
8 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Independent examiner fees Examination of the financial statements 9 Net incoming/outgoing resources Net outgoing resources for the year include: Depreciation of fixed assets |
Unrestricted funds General £ 14,605 14,605 Unrestricted funds General £ 1,372 1,372 2024 £ 2,175 |
Total 2024 £ 14,605 |
|---|---|---|
| 14,605 | ||
| Total 2023 £ 1,372 |
||
| 1,372 | ||
| 2023 £ 4,013 |
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 2024 (continued)
10 Trustees remuneration and expenses
No trustees, nor any persons connected with 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.
11 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2024 £ 94,133 2,097 - 96,230 |
2023 £ 80,148 2,629 895 |
|---|---|---|
| 83,672 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year was as follows:
| Administrative staff No employee received emoluments of more than £60,000 during the year |
2024 No 6 |
2023 No 6 |
|---|---|---|
12 Independent examiner's remuneration
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Examination | of the financial statements | 14,605 | 1,372 |
13 Taxation
The charity is a registered charity and its activities are exempt from taxation.
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 2024 (continued)
14 Tangible fixed assets
| Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 15 Fixed asset investments Other investments Other investments Cost or Valuation At 1 January 2024 At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Land and buildings £ 289,690 - |
Furniture and equipment £ 52,530 2,720 55,250 50,099 2,175 52,274 2,976 2,431 2024 £ 696,730 Unlisted investments £ 696,730 696,730 696,730 696,730 |
Furniture and equipment £ 52,530 2,720 55,250 50,099 2,175 52,274 2,976 2,431 2024 £ 696,730 Unlisted investments £ 696,730 696,730 696,730 696,730 |
Total £ 342,220 2,720 344,940 339,789 2,175 341,964 2,976 2,431 2023 £ 681,149 |
|
|---|---|---|---|---|---|
| 289,690 | 55,250 | ||||
| 289,690 - |
50,099 2,175 |
||||
| 289,690 | 52,274 | ||||
| - | 2,976 | ||||
| - | 2,431 | ||||
| 2024 £ 696,730 Unlisted investments £ 696,730 |
|||||
| Total £ 696,730 696,730 696,730 696,730 |
|||||
| 696,730 | |||||
| 696,730 | |||||
| 696,730 |
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 2024 (continued)
16 Debtors
| 16 Debtors | ||
|---|---|---|
| Trade debtors 17 Cash and cash equivalents Cash on hand Cash at bank Short-term deposits 18 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals |
2024 £ 851 2024 £ 35 35,093 74,136 109,264 2024 £ 7,045 2,451 1,124 4,500 15,120 |
2023 £ 979 |
| 2023 £ 528 35,939 121,787 |
||
| 158,254 | ||
| 2023 £ 3,279 145 2,412 4,201 |
||
| 10,037 |
Page 20
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 2024 (continued)
19 Funds
| Unrestricted funds General General Fund Designated St Hugh General Fund St James House Sale Total unrestricted funds Restricted funds St Hugh Ena Berry Bequest Volunteer Manager NELC Grants Choir Bursary Total restricted funds Endowment funds Permanent St James' Choral Foundation St James' Curacy Fund St James' Fabric Fund St James' Endowment Fund Total funds |
Balance at 1 January 2024 £ 112,801 25,864 134,135 159,999 272,800 9,613 - 600 2,750 12,963 137,860 61,225 286,945 60,983 547,013 832,776 |
Incoming resources £ 172,063 34,179 - 34,179 206,242 503 3,000 1,500 - 5,003 - - - - - 211,245 |
Resources expended £ (220,251) (42,342) - (42,342) (262,593) - (300) (1,808) (200) (2,308) - - - - - (264,901) |
Other recognised gains/(losses) £ - - 3,070 3,070 3,070 - - - - - 3,154 1,402 6,559 1,396 12,511 15,581 |
Balance at 31 December 2024 £ 64,613 17,701 137,205 |
|---|---|---|---|---|---|
| 154,906 | |||||
| 219,519 | |||||
| 10,116 2,700 292 2,550 |
|||||
| 15,658 | |||||
| 141,014 62,627 293,504 62,379 |
|||||
| 559,524 | |||||
| 794,701 |
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 2024 (continued)
| Unrestricted funds General General Fund Designated St James Operational Fund St Hugh Misc. Bequests Fund St Hugh Church Building Fund St Hugh Organ Fund St Hugh General Fund St Hughs Community Centre St James House Sale Total unrestricted funds Restricted St James General Legacies St Hugh's Meals Service St James Choral St James Fabric St Hugh Canon Ruddy Bequest St Hugh Ena Berry Bequest St Hugh Community Centre Heritage Fund Grimsby Minster St Hugh Church National Lottery Fund National Heritage Fund Volunteer Manager NELC Grants LDTBF Transformation Fund Choir Bursary Total restricted funds Endowment funds |
Balance at 1 January 2023 £ 27,524 5,167 2,090 15,431 2,720 3,535 (3,194) 122,507 148,256 175,780 11,606 (17,267) 2,886 201 2,551 9,306 1,520 91,998 (20,292) 3,250 13,150 39,200 2,500 3,487 500 - 144,596 |
Incoming resources £ 152,224 - - - - 17,217 - - 17,217 169,441 - - - - - 307 - - - - - - - 600 - 3,000 3,907 |
Resources expended £ (199,633) - - - - (16,455) - - (16,455) (216,088) - - - - - - - - - - - - - (3,251) - (250) (3,501) |
Transfers £ Other recognised gains/(losses) £ 132,686 - (5,167) - (2,090) - (15,431) - (2,720) - 21,567 - 3,194 - - 11,628 (647) 11,628 132,039 11,628 (11,606) - 17,267 - (2,886) - (201) - (2,551) - - - (1,520) - (91,998) - 20,292 - (3,250) - (13,150) - (39,200) - (2,500) - (236) - (500) - - - (132,039) - |
Balance at 31 December 2023 £ 112,801 - - - - 25,864 - 134,135 |
|---|---|---|---|---|---|
| 159,999 | |||||
| 272,800 | |||||
| - - - - - 9,613 - - - - - - - 600 - 2,750 |
|||||
| 12,963 | |||||
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 2024 (continued)
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Other | 31 | ||||||
| 1 January | Incoming | Resources | recognised | December | ||||
| 2023 | resources | expended | Transfers | gains/(losses) | 2023 | |||
| £ | £ | £ | £ | £ | £ | |||
| Permanent | ||||||||
| St James' Choral | ||||||||
| Foundation | 125,911 | - | - | - | 11,949 | 137,860 | ||
| St James' Curacy Fund | 55,918 | - | - | - | 5,307 | 61,225 | ||
| St James' Fabric Fund | 262,112 | - | - | - | 24,833 | 286,945 | ||
| St James' Endowment | ||||||||
| Fund | 55,696 | - | - | - | 5,287 | 60,983 | ||
| 499,637 | - | - | - | 47,376 | 547,013 | |||
| Total funds | 820,013 | 173,348 | (219,589) | - | 59,004 | 832,776 | ||
| 20 Analysis of net assets | between funds | |||||||
| Total funds | ||||||||
| Endowment | at 31 | |||||||
| **Unrestricted ** | funds | Restricted | funds | December | ||||
| General | Designated | funds | Permanent | 2024 | ||||
| £ | £ | £ | £ | £ | ||||
| Tangible fixed assets | - | - | 2,976 | - | 2,976 | |||
| Fixed asset investments | - | 137,206 | - | 559,524 | 696,730 | |||
| Current assets | 79,733 | 17,700 | 12,682 | - | 110,115 | |||
| Current liabilities | (15,120) | - | - | - | (15,120) | |||
| Total net assets | 64,613 | 154,906 | 15,658 | 559,524 | 794,701 | |||
| Total funds | ||||||||
| Endowment | at 31 | |||||||
| **Unrestricted ** | funds | Restricted | funds | December | ||||
| General | Designated | funds | Permanent | 2023 | ||||
| £ | £ | £ | £ | £ | ||||
| Tangible fixed assets | - | - | 2,431 | - | 2,431 | |||
| Fixed asset investments | - | 134,136 | - | 547,013 | 681,149 | |||
| Current assets | 122,837 | 25,864 | 10,532 | - | 159,233 | |||
| Current liabilities | (10,037) | - | - | - | (10,037) | |||
| Total net assets | 112,800 | 160,000 | 12,963 | 547,013 | 832,776 |
21 Related party transactions
There were no related party transactions in the year.
Page 23