TIIE TRUSTEES AND ill¥AiIDITED FINANCIAL ST.4fEMEIIryS FOR THE YEAR ENDED 31 DECEMBER 2024 THE PAROClltAL CHURCH coifNcIL OF CCLESIASTICAL P ST S WEST BRIDGFORD
THE PAROCHIAL CHURCH COi]NCIL OF THE ECCLESIAsficAL SH OF ST GJLES WEST Report of the Thstees Ito3 Ind¢p¢ndcnt Examinevs R¢ptsM Statem1 of Financial Activities Balance Sheet Notes to the Fillancial Staternents 710 14
ARoCAL CH H COUN FTHEE ES ALP OFST RT OF THE TRUSTEES FOR T ED3J ECEMBER 2024 The trnstees present thcir report with the finamcial knents of the cbarity for the year cnded 31 December 2024. Thc tNstees hove adopted the provisions of the Statement of Recommcnde41 Practice (SORP)'Accounting and Rryorting by Charili&8' in pry&ing thc annual report and financial statements of the charity. Thcfinancial statementsh8ve beenprepared in accordance wryth the accounlingpolicics set out in the notes to the accounts jd comply with the charity's governing do¢umeDI Ibe Chatfties Act 2011 and A¢counting 20d Reporting by Charities: Staterne of Rornmended Practiee applicable to charities preparing their accounts in ¥cordance wtth the Financial Rwrtit)£ Standard applicable in theUK and Rqxthlic of Treland pub]ishc4 in Octobtt2019. Re&lered ¢harlty nllmber 1133840 Addre The Rectory 86 &idgford Road West BridEford NottinBhattthire NG2 6AY TrnsteeB Rev J Seabourne Rev G Barker (appOI£d 24 June 2024) Rev C Seabourne A Fmro Innthent Curate Chur¢b Warden Churnh Warden C Lanc H Wolters MDarkin Price (rcsiEned 21aiAwil 2024) Doreen Ottway (appointed 21st April 2024) E Prentice S Wbeaton J Ayras E Battrurn L Bolt B C12rke PCC Secretary DeaD¢ry Representstive Deanery Represent2tive Deanery Representstive Deanery Repr&8entstive Lay Mcmber Lay Member Lay Member Lay Member Lay Member Lay M¢mbeT Lay Member Iay Member Lay Memb D InftIrd (appointed 2151 April 2024) C Elliolt (resId 21* April 2024) B Hayman C Hutchin88 S Poon P BJKcS K Rooke (appoint 21 ApIi12024) S S]ad( (Tesign¢d 21fft April 2024) C Vor¢ L4y Member Lay M¢Tnber Lay Mvnber Lay M¢mber Jndependellt Examiner K Mealand FCCA Lemans 29 Street Nottingham Flottin8ham5hire NGI 4JA BAnkers TSB pl¢ We51 Bridgford Nottingham
CHC FTH SIAST RTOFTH AR END STRUCTURE, GOVERNANCE AND MANACEMET4Y GoY¢rDing documtnt Th¢ PCC operates under the PCC Powers Mwure (1956) as amended and Church R¢pr¢s¢ntation Rule& Recrultmeot and appolntment of Dew trustee5 The rnethj oppointm¢nt of PCC members is 5& oul tn th¢ Church Reprcs¢nt8tion Rule& All Church attendees or¢ cCouraged to r¢gi5ter on tbc EleLtora] Roll 2nd for ¢l¢¢tion to the P. Risk mAn4gemeDI The Tntt$haye aduty to identify and review the ri5k5 to whichthe charityi&exposvJ¥md lo ensure appr(wiate controls are in pla to provide reasonable assurance agt fraud and eOr. OBJECTIVES AF4D ACTIVITIFS Objeths and aim$ The prin¢ip81 aillj of the or8anisatioTh 18 trp PTOmOte th¢ mission of tbe Church in Ihe eIe$lastiCAl parish. Sl2nlflunt activit5es Significant activitiu of the organisatiOD includ¢.' ReEukrpublic WOTsbip op¢n to all. ThB PrnViSion of sacred space for prayff and conttrnplation. Teaching Christiollity thTough s¢nnon4 courses and small group. Th¢ provision of chilthn aud youth WO Chlistian Ethos PTomotill¥ C]knistiJtiity through the staging of ¢va)ts and meetings. Promoting an illclusive ti)iwion through the prvvisioll of activitics to all groups r¢pres¢nled in the parish, Supportmg othcr chaTiti¢5 in th¢ UK and overseas. Tbe m8in achi¢vem&)ts of the organi5ation aro: Cominuation oftheworkthatthe churcbwforrlls withchildren and youngpwpleihrou8b theconlinuej tljnding of a Fa]n]li Workcr. along witb the appointment of 8 Youtb worker duriig 2024. CoThtinuing to L7ter forthe seniorrne4Dbets of ille CQDgrega¢ion. On8oinB pastoral care continues to be ddiv¢red thrnugh ateam linking pari8hionets th the cleTgy. Upholding the Étadition at St Gilc6 of perforJniThg music to a higb standard and eDLwins the talents of individuals. Providing fin)cial and practical 5UPPOrt to ourmission PartDer& FThAcL REvw ID 2024 St Giles received gr income of £288,613, which was an incTease of £27.809 on the amount rwcivai in the pr¢vious ye8r (£260,804). Th¢ majority of this income comes Ilwough plawied giving from the St Gil¢s falnily. 5cr¥ice IlcctiOD& oJe off donations, church I1] letting and feu received foT perfonrling weddings and thn¢ra15. DonatiODg lo the church were£31k gbovethoseintlLepreviousyear, whiJs¢the amounts received forcharitablc activities wasbroadly in line with the 2023. Tolal expmditurc in 2024 ineaSed by £4.429 from the previous year to £276.408, giving a net SUTplus for th¢ year of £12.203 (2023: £11,175 deficil). Si Gilesh incrcase4J its contributions to tbewiderDie in th¢ foTm ofpRTish share payrnejts (£IOk in¢r£&ge), whilst SWDe savings have been Tnade in utilities and other chulth numing costs. The reIerV position th¢ end of the year rcmaills positiv and the PCC will continue to inv&t in improvements to the thurch buildinES and facilities as appmpriate, whilst mpintainin8 funds in line with the reBerv¢s policy.
THE PAROCHLIL UNCIL OF THE SThCAL P RKPORT OF THE TRUSTEES R THEY ENDED 31 DECE Reserves po]i¢y It is the tharity'8 policy that th¢ PIsh Reserves fund should be maintain¢d to covff appToximately 3 months of rurniing 05ts and be 5uffi¢iglltto enabl¢ futLW¢ develw¢nt without financial re5traiDIs. PUBLIC BEf4EFJT Th¢TNslea hav¢h•J du¢Tegardto the guidtsDce publish¢dbytb¢ Charity Commi&siononpublicbenefitwhen revi¢witig the chaTity's aims and obj¢dives and in plaT]ning future a5vIlle$. The TTUStees actively promots Ibe chUb and cncourage all memb¢rs of the MMunity to becomc involvol And &spir¢ to r¢ath as many iTrJividuals from the local community as p(Kssibl¢, ON BEHALF OF TI . Joanna Seaboume- Incumb¢nt Date: i 15
INDEPENDEF4T EXAMINERIS T TO TUE PAROCHIAL CHURCH COUNCJL OF THE ECCLESIASTJCAL PARISH OF sr GILES WEST BRIDCFORD rq)ort to the ¢lwity tNstee5 on my CAnInall0n of the coUnt5 Qf the Charity for the y¢ar Ended 31 Decernber 2024, which ar¢ set out on pages fiv¢to fourteen. lie8ponslbilltfe8 and basts of Teport A5 th¢ charity'StNsteesyou #reSponsIble for thepreparation of the aOuts1a¢QOrdaCtWIlb th¢re4uIreDls of thr Charities Act 2011 ('the Act,). l Teport in rwt of my &IrtIOn of the tharity's accounts carried out um(ler section 145 of th¢ A¢1 and in eillg oui my examin£lion I Imie followeA all the applicable Di[110$ given by thecharity Commission und¢r swtion 145(5Xb) of the Act. Independent examlller's statemént I have completed my ¢xamination. I confirm that no matgriaL matters have cornc to my alttion in connection v4ith the examination givin8 cause to believe that ID anYuri4] reyct: a¢ntIng tt40rds wcre Dot kept in respect of the ¢hatity rquireA by section 130 of th¢ Aci. or tbe aceounts do not ac¢ord with those Cords. or the accounts do not compfy with thc applicable requirements Goncernillg the forni 8nd c4)Jrt¢rrt of accounts set out In the Charities (Accounts and R¢pots) Regulatiotts 2008 otherthall any requrementthat theaccounts 8iv¢ a'true and fairview. which is not a rnatter Considered as part oran Ind4)¢ndt exwnination. I hav¢ no concerns and hav¢ cKJme across TLO Oth mutters ID contteLtion with the ¢xaTnillation to which attention sbould I drawn in this report in OTder to ¢nablc a proper UndStandIng of the accounts to be reach. lJL&I 29 Arborethm Streel NottiJsham NGI 4JA Date: 25
TBE PAROCHIAL CHURCH COUY4CIL OF THE ECCIJSIASTICAL PARISH OF ST GILES WEST BRIDGFORD STATXMENT OF FINANCIAL AcfJviTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Unre8trirted Dtsignated RestrlttÈd Totsl FuDd5 2112A 2023 INCOME AND ENDOWMENTS FROM DonatiOll5 and Legacies Charitsble Activities ]nvesttnents 229294 47,955 329 11,035 240.329 47,955 329 209.281 51J30 193 I7778 11.035 288,613 260,8(14 EXPEI¥DITURE O Dio¢¢san Parish Share 129ffi12 53,436 13,019 160 8,099 2.600 34,059 19,745 945 129,612 53.436 13.019 160 8.099 1600 34,659 19.745 945 119,OCQ 50,263 11.988 Charitablc ]%)nations Cottag¢ C8 H] aeanin8 & Running G)sts CleTgy Exp¢ns¢5 Church Running Costs aLurch and Yard htiintenanc¢ JunioT/Youth Church Senior AGtivities Administrative Costs Miscellaneous expeD Depreciatio 6,073 3,617 40,835 20,357 4,086 36 3,481 6.979 5264 7.428 4.072 7,428 4,072 2.633 2.633 Total expenditthr 27&?75 1633 27W8 271979 IYET INCOMEItEXPENDITURE) 3,803 11.035 (4633) 12205 (IlJ75) TRANSFERS BETWEEN FI]14DS NET MOVEMENT IN FUNDS 303 11.035 (2ffj33) 12.205 (IA,175) RECONCILIATION OF FiiNDS Fwids brought ft*Tward 46.736 4018 5.165 91.919 103,094 Tot funds ¢wyied fonvard 50,539 51.053 2.532 104.124 9J.919
THE llc WEST ALANCE SHEE AT31 Not&s Ullrtstrirted Deswited Re8trlcted Fund$ Fund& Total 24 Tots] 2023 FJXKD ASSETS Tangible a55ets 1633 CURRENT ASSETS D¢btors: amounts falling due within one 19,470 19,470 l?J67 Investments io 6J27 6,527 6,198 Cash at bank 45,238 44,526 2J32 91296 89,523 Creditors: 2mounts falling due within on¢ yeaT li (14,l69) (14,169) (23,802) NET CtiRRENT ASSETS 50.539 51,1153 232 Iikl,124 89J86 TOTAL A8SE]5 LESS CURRENr 50,539 51,053 104J24 91,919 NET ASSETS 50,539 51053 104,124 91,919 T(yfAL FUNDS 50,539 51,053 2J32 104,124 9L,919 The financial aalements were approved by the Board of Tt¢C3 on l N 4 y JOJ.S and were signed on its bchalf by: J Seabourne-TDcumbent C Lane- Treasur¢r
THE PAROCBIAL CHURCH COUNCIL OF TEE ECCLESIAfflCAL PARtSH OF ST CILES WEST BRIDCFORD NOTES TO THE FfrfANCtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES The PCC constitu1 a publi¢ bcncfit eniity as definal by FRSIO2. The accounts hve been prepared in 8ccordaoce with AccDunting ajd Rworting by Charities: StstenTht of Rorntnellded Ptice applicable to chItIeS preparing their ae¢owits in accordance with the Financial Reptirting Standard appli¢4bl¢ ill the UK and Republi¢ of Treland issu1 in OctobEr 2019. the Financial Reportlng StaT]d8rd 4pplicableintheUDitedKingdom and Republic of Ireland (FRS102).the CharitiesAct 2011 applicablc Tegulation Ihe Church A¢e4)UntiD£ (Amendtnent) Regulations 2(K)6 and UK Generally Acceptd Praclice. The financi81 statements h4v¢ been prepor¢d io give a 'ttue and fair. VAew and have departed from th¢ Charities IAc¢oullls wdReports) R¢gulBtiQDS 2008 only to thè txtent requir¢d to ptDvid¢ a knie ¢nd fair view,. This departure has illvolv¢d followitig the Accounting and R¢porting by Clwiti¢s: Statement of RewTnn)¢nded Practic¢ applicable to chaTiti£s preparing their aollnts in awrdaoce with tbe Financial Reptirting Stsndard opplicable in the UK and Republic of Ireland issued in Octobu 2019 rather than the Aeeounting and Reporting by Chorities: Statement of R0Mm(ded Pradice effective from l April 21)J5 which has sitic¢ be¢n Th¢ signit]¢ant aixx)unknE policies applied in th¢ prcparation of thcse finala] thtements are s& out b¢low. PK)licies have beell con&stently appli¢d to all years present¢d otherwise state(L The fJnancia] st¥twnenlshav¢ beenptepar¢d on a going conwnbo5i$widwth¢ histortcal ¢05tconveLtton. Th¢financia] statements are preSted in st¢rliDg which is the fvndional ¢utrw of the th4Tity aud rounded ¢0 th¢ nearest poun The financial statem¢nls in¢luik all transaclions, &ssets aTLd li8bilities for wbich the PCC is SPonsIble in law. They do Th)t include the aixounts of Qhurch groups that owe tbelrnin atTkliation to anotherbody nor tho8¢ that infornlal gathwings of ¢huTch mgmbers. The tyst#s consider th4t th¢r¢ Are no material uncertainties ?bout the Cherity's ability to continue as a soxns concern. The accounts include all transaction4 assets and liabilities for which thePCC is respOlbIe in law. TILey do not ilUd¢ the &tount8 of chwch owe theiT affiliation to 8nother tY or those that are infornial gatherings of chureb m¢mb¢TS. tDeoming r¢sourtes Plann giving. collections and similardon8tions are 0ised whenmeivd T8x refunds are rttoEnised whenthe incoming rc6Thweto which th¢y rde is rtteived. Grants and legacies aTeaccouttt&l forwben the PCC is es)titled to the use of the r¢souTCa% their ultimat¢ rettipt is considcrcd reasonably eejtain th thc amounts due are reliably quantifiablc. Interest is accounted for &4 and when aCCn by the payer, and rental income from l¢tting church pwnjses 18 re£ognis&l when the rental is du& All intoming re80urces arc accounted forgm Resollreth eip¢ndeAI p¢nditure is ted for on aeenwls thi8 and has bM classifie4 underheadings that aggregate all cost Telated to the category. Grantsand donÈtions are account•Jforwh¢n paidover, orwhl awarded, ifthataward create8 abinding obligati£)n on tb¢ P. Tr dioc&san paTi5h slw¢ is account¢d forwhen paid Ally parish sh¢ Lmpaid at 31 Deconber is Provid foi IJ thes¢ ounts oper4tiono1 (though not a legat) liability and is shown a creditor in the BalaDCL Sh¢et.
THE FAROCHIAL CHURCH COIJY4C BRIDGFORD FTHE CLESIASTICAL PAlttSH OF ST GIIJ3 WEST F4OTES THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOIJl4TG POLICIES (eolltltill) TaDgilJb fiAe41 auets Depreciation is provided at the following 8nmial r¢$ iti order to WTil¢ off ea¢h osset over its ¢#IMat usefvl life, IIW•- 15Yo On ¢OSt - 33Yo on co FiAlur¢5 and fittings ComputeT equipment Conse¢rated aDd baKfice property is Dot iticluded in the accounts in accordan witb slO(2)la} and (c) of the Clwilies Ad 2011. oveablc ohuTch fi]JnishiDss held by tEe Rector and Churchw& on spla1 thjst forthe PCC, 2nd which Tryuii¢ a ulty for disposal, are accountd as inalierb]e propety unl$ consr¢rated. They are listed iti the chur¢lL'S invcntory wth"¢h can be in8ted ( any regsonable timc). For inali¢nable propety acquired PTior to 20 thue is inwJffi¢ient cos¢ inf0rDtion available and therefoTe suth assas Are not valued in the account Itcms aeqmired since l January 2000 have Iwi capita]ised and dwwtated in tbc accounts th¢ir curreArtIy anti¢ipal¢d u5¢fv1 001¢ lifr on a straight lin¢ b•gis. ReDtsI inco¢ arises from two cottaw, 9 and l I Churcb Ihivfy the ownethp of whicb is ves¢¢d in th¢ sthwl Nottillgham Dioccsfy hGld in beoefft for St Gild West Bridsford PCC. Taxation The Glwity i8 exempt from tsx on its charitable activitie Fund Acrouutillg UDrestsi¢ted can be us¢4J in accordanc¢ witb the ¢hBritable obieclive8 at the discretion of the t1¢¢5. Gakrai fimdsrep]r5eni tk funds ofthePCC that areThot subjertto any restsictions regarding th¢iruse and are availablc for 4ppb¢ation Dn the general purposes of the PCC. Funds dLeA for a pan]wI pUryse by thc PCC are a]so restticled. Dled fiinds are established forspeciflGpurposes As bythePCCm¢mber4 and remain85WrtrjcIed funds, Restricted Funds comprise T¢veou¢ dotjations for 8 specific activity intend¢d by the donor. Pension costs and otber poJtsrvtIreme benéfits The charity opeTat¢s a d¢f¢d contributioTL prn5ion stheme. CoThtribution$ payablE tp Ib¢ charity's pensiots scbem¢ 8Te cbar£edto the Ststement of Financial Artivities in the pcriodto whicb they relate. Debtors and Credltors Debtors and Cr¢ditor5 with no steA int¢re8t rat¢ and e1vable orpayable witbin one year Te¢orded at tranwtion Cllrrent a8set hhvestrnej The charity hold on deposit for invernt puryrf)ses, in order to obtain a Edter rate of thereby in¢a31n8 their incolne eJwblin8 then) to ntret their objecls. C4Jh at bNknk Th¢ chaTity ILold5 sufficient fin)ds in order to meet its short terni ¢ash ¢omrnithicnts as th¢y f8i1 due.
TBE PAROCHIAL CHURCH COUNCIL OF ThE ECCLESIASTICAL PAIUSH OF ST CILES WEST BRIDGFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I I)ONATIONS AND LEGACIES 31.12.24 31.1223 PlanTr giving Gift aid t&x recoverable Donations Legacy Collertions 178,405 39.245 13.057 572 9.050 240J29 158J30 38.320 5,566 7,065 209281 DonatioJ)s in 2024 includes £9.020 of one off donation in response to L fillIng campaign wso¢iated witb Youth and Famili&5 ministy. These donations. alongwith the SocIate41 gift aid of £2,015, have been designated for Youth alld Families wot* by the PCC (tot81 £11.035). 3. CHARITABLE ACTIVITIES 31.1124 31.1223 Cowe letting Church and ¢hwTch hall lettings WeAlding and fut)tral fets Other income 20,431 16.331 6,933 4260 47955 19,842 16,298 5.752 9.438 Wed(ling and fun¢ral f¢¢5 rwCsts incom¢ net of the costs of holding these cer¢mon1. In 2024 income receivcd was £14,066 (2023 - £9,512) witb L))5ts of £7.133 (2023 - £3.760). 4. INVESTMENTS 31.12.24 31.1123 Deposit account interest 329 193 5. TRusfEES' REMUNERATION AND BENEFITS There were no tsvst¢¢$' raDuneration or other b¢Dcfi15 for the year ended 31 Decembex2024 nor for the year ended 31 December 2023. ThteI Expewe There W¢Te DO &(penses paid to trust¢es in relation to th¢iT roles as lrnstee for the year ended 31 Decemb¢r 2024 nor foT the year ended 31 De¢ember2023. Expenses have be¢n paid to J S¢abourne and G Barker ID re]ation to tbeir nonnai activiti2s within the churcTJ. 6. INDEPENDENT EXAMINER'S FEES 31.1124 31.1123 Indq)endeDt ex8mTDatton f¢¢ 954 954
PAROCHIAL cou ECC IL TO FJNANCI SFO IDE ER2024 7. STAFF cosrs 31.1224 31.1211 Wages and Salaries PensioD c( MLsic Directors (Self<mploy¢d) 41067 38,950 1.469 9,844 50.263 9.706 53836 During th¢ yeaT the PCC paid 4 part-time administtator, a famili¢s work, a clcaneT and seIfweP1Ytd musicians. There ar¢no high puid staff. Th¢ average numbeT of full tiTne equival¢nt ernployeu duringtheyear wa8 212023-2). No employ¢¢ r¢¢eived emoluments in excess of £OO,DOO. 8. TAI¥GIBIE FIXED ASSETS FiKtsre8 Computer tqulpment Total fltthigy COST At l January 2024 Additions Disposals At 31 Dècember 2024 6,615 40&7 47,142 6ffi15 40J27 47,142 DEPRECIATION At l JatNary 2024 (Jwge for y¢ Dispasals At 31 J)otomber 2112A 6,615 37,894 2,633 2,633 6ffiL5 427 47,142 NET BOOK VALiIE At31 DEcemb¢r 2024 At 31 December 2023 2,033 2,633 9. DEFTORS: AM0s FALLING DUE WJTBI74 ONE YEAR 31.1224 31.1223 Giftaid reTrd due o do3(10nS receiv 18,0(Xi 17,367 io
THE PAROCHtAL CHURCH COUIYCIL OF THE ECCLESIASllCAL PA]USH OF ST CILES WEST BRIDGFORD NOTKS TO THE FJNANCIAL STATEMENTS FOR THE YEAR LNDED 31 DECEMBER 2024 10. CURRwf ASSET VESTMs 31.1224 31.12.23 Cash ld for illv¢5tment$ 6J27 6J98 Fair ye at l January Addition Withdrawal Falr valne at31 De4*n 6.198 329 6,(Ki3 193 527 198 11. LIABUITILS 31.1224 31.12.23 Fees due to Southwell & Nottingham Diocese Arnounts to bepaid to mission partDeis Otbtr creditors 1,612 12,136 9,589 2.968 1£169 9.0 2.666 23,802 12. MOVEMBNTS L¥ FUNDS Year ¢ndcd Dw¢mbeT 2024, 01.(1124 Net Tratt8fer8 movement betwee kn fuDd8 31.1124 UnMtriet¢d FuDdg General Fund 46,736 3,803 50.539 Seniors knis1ry Fund Parish R¢serve5 Fund Youth & Famili MiDiStry Fund 18 40,(KIO 18 40,000 11.035 11,035 Restrl¢ted Funds Ministry and Nfission Fund Hardship Fund Fabric Furnd St Giles mnber5. Fund 1532 2.532 2.633 (2.633) TOTAL FUNDS 91,919 12,205 104,124
THE PAR CH ES CAL NOTE Fl 31D 12. MOVEMENfs FUNDS (CODtinued): movern¢nt in funds, incjuded in the aLh)Ye afe as follows: Ineomlng resoMrce5 RewurctB expellded Mov¢mellt ID funds UDreJlric¢¢d Funds General Fund Design4¢ed FUJMIS Seniors Ministry Fund Parish Reserv¢s Fund Youth & Familie8 Nthisty Fund R¢gtrictsd Funds MiT]isty and Mission Fund Fun Fabri¢ Fund St Giles Members, FwLd TOTAL FUNDS 277578 273.775 3.803 11,035 11,035 2,033 276008 (2,633) 28&613 Year ended Decemb 2023: 01.0123 Y4¢t ovement fllttd8 TrAnkn 31.J123 behve¢n UDregtrkned FuDd8 G¢D¢Trl Fund 52.611 (5,875) 46,736 Dejlgnatsl Fundi Seniors Miijisty Fund Parish Rc5 Fund {36) 18 40,000 40.000 lie8¢rRfttd Funds Ministy and Mission Fund Hardship Fund Fabric Fund st Giles M¢Tnb¢rs' Fund 2532 2,532 7.897 (5264) 2,633 103,094 (11,1751 91,919 12
THE PAROCIIIAL CHtFRCH COIINCIL OF YllE ECCLESIASTICAL PARISH OF ST GILES BRIDGFORD NOTES TO THE FINANCIAL NTS FOR HE YEAR ENDED R2 24 Net thovanttrt in funds includaj it) the above arc a5 follows: In¢oming re80urc¢s Resour¢e5 pended Movement Unre8trlcted FHnd5 (3¢neral Fund De51gn•ted FuDds Seniors Ministy Flld Re8trlcted Fundi Ministy and Mission Fund 260.804 266,679 (5.875) 36 (36) Fabric Fund St Giles Mctllbers. Fund TOTAL FUNDS 5,264 271,979 (5.264) {11,175) )0114 Gellerd Fund Thi& fund can be utilised by PCC for th¢ general benefit of the charity. Sonlors Mlolstry Fund St Giles is proud to h8ve a 81rong and vibrant S¢nii)TS 115 pro8ramm& Whi15t there has betn minimal moveTrent in the Seniors Ministy Fund during the year, brlf funded worshippin8 aDd Sla1 aclivity arnong the Sl0r ¢mbS of thc congregation continu¢s on g ffgularba8iS. Parisb Re8erve4 Fund This fund is for the ongoing performallcc of Clw¢h duties, and should be maintained a5 a financial cushion. Yollth & Famliles MiDlstry Fund This fvrml is for thc on80in8 ministy to the youn8 people and fomilies at St Gil¢s. Mlnbtry And Mts$i(bn Fn] Thi5 is to used for rthIllg the mission of the ehartty, for ¢9mple the payment of a Youth Worker and ChiLdren Bnd Fatnilies Woyker. FAbrf¢ Fund This fimd is to be utiliseAI for the maintenante and improvement of the Church buildiD8S. S¢ Ciles Members. Fund This fund bas i¢D ¢reatcd forth¢ bsnefit of St Giles and its attendeu. Hrdship Fund This lld is ud for the benefit of Ibose experiencin8 fillan¢iat har&bip, at the di8¢rtion of the PCC. I& ULTllVL4TE CO]¥TROLLING PARTY The chRrity is underthe control of the Board of TDJs¢¢¢s. 13
THE PAROCHIAL CHURCH COUNCtL OF THE ECCIS1AIcAL P BRIDGFORD SHOFST ILES WEST £u 14. FUF4DRALS]NG BY Qs PCC The followiDg payment4 some of which resulting from dedicated collections wcrc made ty St Gilcs during theycar. CbTi8tiaD Aid The Friary, West Bridold Frirnds tnternational RafiSi Thabo Foundalion Toilet Twinning Jericho Road 3,813 3.191 2250 2.603 370 104 12J31 In addition to the donations not¢d abov¢ (of which £9.0(Kl was accr[1 at i• January 20241 St Giles has th a accrual of£9,589 at the 2024yearend forcharitabledonati4)ts8 to bepaid in early2025. Th5s is in linc with comllkitm¢nts made by the PCC to mak¢ dOnlon$ of £IOOQ to cach of its four mission partsLcrs. in addition to Colle10n8 for specific causes at th¢ 2024 Clwisthw s¢Trices. 15. REIATED PARTY TRANSAcfJoF4S were no related party trSactionS for th¢ye8r 31 DeClbEr 2024. 16. PENSlOF4 coNfRIBUTIONS The cotnpmy opeTrte5 a defined contribution xhem& The assets arc managed inend¢nt1Y of the company and colltiibutions arc charged to the Statement of Finallcial kntivities itt the Period they aTe The ch2rge ftirthe year was £1,663 (2023 - £1,469). 14