**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.
Page 3 of 10
**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|
Page 6 of 10
**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**|
Page 7 of 10
## **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)**|
||||
Page 10 of 10