St Andrew St Mary's Church, Grantchester
The Parochial Church Council of the Ecclesiastical Parish of St. Andrew & St Mary, Grantchester Registered Charity No. 1133841
Annual Review and
Financial Statements for the year ended 31 December, 2024
Page 1 of 10
St Andrew St Mary's Church, Grantchester
Annual Report for 2024
Role of the PCC
Grantchester PCC has the responsibility of co-operating with the Priest-in Charge, in promoting within the ecclesiastical parish the whole mission of the Church; liturgical, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for Grantchester Church and Grantchester ChurchYard.
Membership
Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting(APCM) in accordance with the Church Representation Rules. During the year the following have served as members of the PCC:
Vicar Rev Jim Robinson Assistant Priests Revd Canon Tom Buchanan Revd Andrew Hurst Wardens Elizabeth Neville Margaret Barwise Treasurer Sandi Buss Deanary Synod Simon Thomas Members Rev Jim Robinson Elizabeth Neville Margaret Barwise Sandi Buss Michael Goodhart Guy Lewin Smith Simon Thomes Nikki Eyles Anne Ugur
Committees
The PCC had ten working groups - The Steering Committee, The Standing Committee, Eco Church and ChurchYard, Flower arranging group, Brasses cleaning, SidePersons, Organ Player Roster, The Publications Committee, Village Car Park Team and one Deanery Synod member.
Page 2 of 10
St Andrew St Mary's Church, Grantchester
Annual Report for 2024 - continued
Annual Report Grantchester PCC 2024
Church
2024 was a year of planning and preparing. Planning and preparing for the ReVamp Project and for our new Vicar Jim Robinson. The ReVamp Project is now well underway and thanks to a few very generous donors, we have enough funds to cover the entire project including extras that were not initially planned. The original quote approved by the PCC was £242,855.28, this has grown to £301,174.80 due to extra repairs needed when the builders uncovered various parts of the Church building and the additional costs of groundworkers and archeologists due to sacred remains uncovered during the project.
We are currently £21,104.00 over the reserved funds for the project. This was covered with a refund of VAT claimed and a generous donation from Corpus Christi.
The Finance statements show a total income of £1,860.00 from the village carpark for the year 2023 (paid in 2024)
I have just received an email from the Parish Council confirming the amount for 2024 of £1,969.73 . A very big thank you to DAVE NEVILLE, FRANCIS BURKITT and TONY KENNEDY for all their efforts to make this possible.
I am currently interim Treasurer for Newham Church and have enjoyed expanding my knowledge and getting to know all the wonderful folks at Newnham Church.
We had a wonderful joint service with Newnham to welcome our new Vicar and early on in 2025 a successful celebration to mark the end of Bethan's curacy in Newnham and Grantchester, and she and husband James are looking forward to the arrival of their first child in April.
Financial review
The total surplus for the year is £18,875 compared to £60,809 the difference being attributable to the bequest of £40,752 in 2023.
The Fabric Fund has been used to consolidate the ReVamp Funds and has a deficit of £5,214 (2023: a surplus of £84,542 )
There was an unrealised gain of £11,961 on investments at the year end giving total investments at the year end of £734,157 (2023: £645,115). Total funds were £780,138 (2023:£610,786).
Reserves policy
It is the PCC policy to maintain a balance on unrestricted funds, which equates to a minimum of two months' unrestricted payments to cover emergency situations that may arise from time to time plus a further one and a half months' unrestricted payments to cover cashflow fluctuations. This equates to approximately £25,000 compared to £62,433 held at the year end. (Designated funds could be re-assigned as General Funds if approved by the PCC.)
It is the PCC policy to invest fund balances with the CBF Church of England Funds when appropriate.
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St Andrew St Mary's Church, Grantchester
INDEPENDENT EXAMINER'S UNQUALIFIED REPORT – CHARITABLE TRUST
Independent examiner's report to the Trustees of St Andrew & St Mary's Church, Grantchester
I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 4 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
-
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper
-
understanding of the accounts to be reached.
Lisa King Burdett King Accountancy Limited 8 The Hamiltons Newmarket CB8 0NF
Date: 8 May 2025
Page 4 of 10
St Andrew St Mary's Church, Grantchester
GRANTCHESTER PAROCHIAL CHURCH COUNCIL
| Financial Statements for the year ended 31 December 2024 Balance Sheet Investments COIF Charities Investment Fund 14,796 CBF Investment Fund 419,538 CBF C of E Deposit Fund 11,263 CBF C of E Investment Fund 18,543 464,140 Current Assets Stocks of publications, etc. 512 Accrued income 496 Barclays Current Accounts 62,433 CBF Deposit Accounts 270,018 333,459 Current Liabilities Deferred income (4,619) Net Current Assets /(Liabilities) 328,840 792,980 Represented by: General Fund 443,025 Fabric Funds Restricted 193,492 Restricted - Barclays 19,541 213,033 Churchyard Funds Unrestricted Restricted 75,884 Endowment 14,796 90,680 Sunday School Funds Restricted SS in Main Bank Acc 8,110 Restricted 2,027 Endowment 36,105 46,242 Tower Fund Restricted - 792,980 Y.E. 31.12.24 |
Financial Statements for the year ended 31 December 2024 Balance Sheet Investments COIF Charities Investment Fund 14,796 CBF Investment Fund 419,538 CBF C of E Deposit Fund 11,263 CBF C of E Investment Fund 18,543 464,140 Current Assets Stocks of publications, etc. 512 Accrued income 496 Barclays Current Accounts 62,433 CBF Deposit Accounts 270,018 333,459 Current Liabilities Deferred income (4,619) Net Current Assets /(Liabilities) 328,840 792,980 Represented by: General Fund 443,025 Fabric Funds Restricted 193,492 Restricted - Barclays 19,541 213,033 Churchyard Funds Unrestricted Restricted 75,884 Endowment 14,796 90,680 Sunday School Funds Restricted SS in Main Bank Acc 8,110 Restricted 2,027 Endowment 36,105 46,242 Tower Fund Restricted - 792,980 Y.E. 31.12.24 |
14,469 496,371 9,482 18,128 538,450 854 158,854 72,336 232,043 (3,587) 228,457 766,906 416,303 71,456 91,213 162,669 - 77,224 14,469 91,693 9,248 35,297 44,545 51,697 766,906 Y.E. 31.12.23 |
14,469 496,371 9,482 18,128 538,450 854 158,854 72,336 232,043 (3,587) 228,457 766,906 416,303 71,456 91,213 162,669 - 77,224 14,469 91,693 9,248 35,297 44,545 51,697 766,906 Y.E. 31.12.23 |
|---|---|---|---|
Balance Sheet Investments COIF Charities Investment Fund CBF Investment Fund CBF C of E Deposit Fund CBF C of E Investment Fund Current Assets Stocks of publications, etc. Accrued income Barclays Current Accounts CBF Deposit Accounts Current Liabilities Deferred income Net Current Assets /(Liabilities) Represented by: General Fund Fabric Funds Restricted Restricted - Barclays Churchyard Funds Unrestricted Restricted Endowment Sunday School Funds Restricted SS in Main Bank Acc Restricted Endowment Tower Fund Restricted |
|||
| 512 496 62,433 270,018 |
854 158,854 72,336 |
||
| 333,459 (4,619) |
232,043 (3,587) |
||
| 193,492 19,541 |
71,456 91,213 |
||
| 766,906 | |||
| 416,303 162,669 91,693 44,545 51,697 |
|||
| 75,884 14,796 |
- 77,224 14,469 |
||
| 8,110 2,027 36,105 |
9,248 35,297 |
||
| 766,906 |
Page 5 of 10
St Andrew St Mary's Church, Grantchester
GRANTCHESTER PAROCHIAL CHURCH COUNCIL
Financial Statements for the year ended 31 December 2024 General Receipts and Payments Account
| Receipts Incoming resources from donors Church collections Church Box Parish Giving Regular Giving: Standing Orders Gift Aid Donations Income Tax recovered (Gift Aid) QR Code & Contactless Machines Other voluntary incoming resources Deanery rebate Fees Donations Bequests Donation in Memory of Mary Buss Kudos Fundraising-Village Car Park Fundraising Fundraising (restricted) Miscellaneous Income from Investments Interest & Dividends Income from charitable and ancilliary trading Magazine Sales & Advertising Publications TOTAL RECEIPTS Payments Donations by the PCC Mission & evangelism Filming income Secular charities Activities directly relating to the work of the Churc Parish Share DBF Fees Parish Honoraria (Admin) Clergy expenses Organ/choir/Music Wine, wafers and candles Cleaning Electricity and water Printing and publication costs(after stock adjust) Magazine expenses Repairs and servicing Hire of Village Hall & Reading Room Internet/Livestreaming/Mobile Costs Fundraising costs HMRC - PAYE Flowers & Catering Miscellaneous TOTAL PAYMENTS Surplus (deficit) for the year General fund balance brought forward Change in Market Value General fund balance carried forward Barclays Current Account CBF Deposit CB3024840 CBF Investment CB3024844 Stock Accrued income Deferred income |
£ 995 699 2,498 6,375 1,160 3,398 5,340 20,465 50 673 - 35 21,250 1,861 1,833 2,547 28,249 10,658 10,658 3,731 1,184 4,915 2024 |
£ 995 699 2,498 6,375 1,160 3,398 5,340 20,465 50 673 - 35 21,250 1,861 1,833 2,547 28,249 10,658 10,658 3,731 1,184 4,915 2024 |
£ £ 849 1,405 2,959 7,165 75 2,604 3,590 18,647 3,993 1,035 40,752 33 20,800 2,878 1,715 1,899 73,104 9,496 9,496 3,843 1,818 5,661 2023 |
£ £ 849 1,405 2,959 7,165 75 2,604 3,590 18,647 3,993 1,035 40,752 33 20,800 2,878 1,715 1,899 73,104 9,496 9,496 3,843 1,818 5,661 2023 |
|---|---|---|---|---|
| 50 673 - 35 21,250 1,861 1,833 2,547 |
3,993 1,035 40,752 33 20,800 2,878 1,715 1,899 |
|||
| 10,658 3,731 1,184 |
9,496 3,843 1,818 |
|||
| 125 - 2,747 |
64,287 | 175 2,000 2,099 |
106,909 | |
| 2,872 42,543 |
4,274 41,826 |
|||
| h 26,144 - 61 646 3,533 1,010 2,552 2,506 656 3,275 163 438 653 255 - 416 235 |
25,429 1,603 99 338 2,862 843 2,431 646 2,030 3,518 556 190 694 208 63 - 318 |
|||
| 45,415 | 46,100 | |||
| 18,872 416,303 7,850 |
60,809 325,797 29,698 |
|||
| 443,025 | 416,303 | |||
| 57,705 18,727 342,605 854 (3,560) (27) |
||||
| 416,303 |
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St Andrew St Mary's Church, Grantchester
GRANTCHESTER PAROCHIAL CHURCH COUNCIL
Financial Statements for the year ended 31 December 2024
Fabric Fund
| Receipts Donations Granchester Village Trust Gift Aid donations Gift Aid refunds Interest & Dividends VAT refunds Legacy: (Maint. of Church & Yard) Refurbishment donations Payments Insurance Repairs & Maintenance Lighting System Sound System ReVamp Chancel Cupboard Vestry & Organ Gallery Refurbishment Surplus (deficit) for the year Fabric fund balance brought forward Trf from Tower Fund Change in Market Value Fabric fund balance carried forward Represented by: Barclays Current Account CBF Deposit CB3024840-001 CBF Investment CB3024844 Creditor |
Restricted Total Total Funds 2024 2023 976 976 - 9,729 9,729 7,222 1,800 1,800 1,800 591 591 360 2,528 2,528 1,470 - - - 83,435 - 1,000 |
|---|---|
| 15,624 15,624 95,287 |
|
| 2,764 2,764 2,638 1,748 1,748 804 - - - - 16,325 16,325 - - - - 7,303 |
|
| 20,837 20,837 10,745 |
|
| (5,214) (5,214) 84,542 162,643 162,643 72,154 53,520 53,520 2,083 2,083 5,947 |
|
| 213,033 213,033 162,643 |
|
| 19,541 19,541 91,213 193,492 193,492 2,839 68,617 (27) |
|
| 213,033 213,033 162,643 |
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St Andrew St Mary's Church, Grantchester
GRANTCHESTER PAROCHIAL CHURCH COUNCIL
Financial Statements for the year ended 31 December 2024 Churchyard Fund
| Churchyard Fund | |
|---|---|
| Receipts Fees Inscriptions Donations Gift Aid donations Gift Aid - HMRC tax refunds Headstones Dividends and interest Heating Miscellaneous Payments Wages PAYE Statutory fees Repairs & Servicing Tree work Path expenses Wall repairs Projects: Gdn Remembrance Inscriptions Miscellaneous Surplus (deficit) for the year Transfer between funds Churchyard Fund bal. b/forward Change in market value Churchyard Fund bal. c/forward Represented by: CBF Inv. Accs Cb3024843 CBF Dep Acc-CB3024840 G015 G025 G4 CBF Inv Fund CB3024841 G005 Investment G005 Deposit Account Bridges Inscriptions Accrued (In main Bank) Bank Current Account |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ 1,950 1,029 - 2,979 1,706 - 600 - 600 - 240 - - 240 2,886 315 - - 315 240 - - - - 29 239 - - 239 442 967 1,970 403 3,340 3,488 - - - - - - - - - - |
| 3,711 3,599 403 7,713 8,791 |
|
| 1,631 - - 1,631 1,617 346 - - 346 327 1,029 - 1,029 654 226 - - 226 1,636 - - - - 768 - - - - - - - - - - - - - - - - 6,920 - 6,920 14,378 - 600 - 600 - - - - - - |
|
| 2,203 8,549 - 10,752 19,380 |
|
| 1,508 (4,950) 403 (3,040) (10,589) (1,508) 1,911 (403) - - - 77,224 14,469 91,693 95,178 - 1,700 327 2,027 7,104 |
|
| - 75,884 14,796 90,680 91,693 |
|
| - 6,010 - 6,010 23,487 - 9,549 - 9,549 5,169 - 11,804 - 11,804 11,540 - 9,202 - 9,202 8,996 - 9,342 - 9,342 9,133 - 15,164 - 15,164 14,825 - 9,235 - 9,235 8,486 - 14,796 14,796 14,469 |
|
| - 70,306 14,796 85,102 96,104 - 811 - 811 (450) - 4,767 - 4,767 (3,961) |
|
| - 75,884 14,796 90,680 91,693 |
Page 8 of 10
St Andrew St Mary's Church, Grantchester
GRANTCHESTER PAROCHIAL CHURCH COUNCIL
Financial Statements for the year ended 31 December 2024 Religious Education Fund
| Receipts Dividends and interest Payments Baptism cards Easter eggs Children/Family Services Training & Books Advent Calendars Surplus (deficit) for the year Transfer Sunday School Fund balance brought forward Change in market value Religious Education Fund balance carried forward |
Restricted Restricted Endowment Total Total Bank Account Funds Funds 2024 2023 £ £ £ £ £ - 1,031 - 1,031 987 |
|---|---|
| 1,031 1,031 987 |
|
| - - - - - - - - - 167 - - - - 186 - - - - 52 142 - - 142 123 |
|
| 142 - - 142 528 |
|
| (142) 1,031 - 889 459 - - - - - 8,252 996 35,297 44,545 41,051 - - 808 808 3,035 |
|
| 8,110 2,027 36,105 46,242 44,545 |
Page 9 of 10
St Andrew St Mary's Church, Grantchester
GRANTCHESTER PAROCHIAL CHURCH COUNCIL Financial Statements for the year ended 31 December 2024
Tower Fund
| Receipts CBF interest Surplus (deficit) for the year Tower Fund balance brought forward Tower Fund balance carried forward Represented by: Balance in Main Bank Account CBF Deposit Account |
Restricted in Restricted Main Bank Acc Funds £ £ - 1,824 |
Total Total 2024 2023 £ £ 1,824 1,416 |
|---|---|---|
| - 1,824 |
1,824 1,416 |
|
| - 1,824 6,095 45,602 |
1,824 1,416 51,697 50,280 |
|
| 6,095 47,426 |
53,521 51,697 |
|
| 6,095 6,095 47,426 45,601 |
||
| 53,521 51,697 |
||
| (6,095) (47,426) (53,521) |
||
| Trf to ReVamp Investment/Fabric Fund Trf to ReVamp Investment/Fabric Fund |
(6,095) (47,426) |
|
| (53,521) | ||
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