Bury Parish Church ANNUAL REPORT AND ACCOUNTS 2024
Alm5 snd Purposes The Parochial Church Council of the Parish Church of Saint Mary the Virgin Bury has th¢ responsibility of cooperating with the incumbenL the Revd. Julian Healon in promoling the ecclesiastical parish through the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also spccifically responsible for thc maintenance of the chUh House complex. Objectives *nd aetlvltl The PCC is committed to enabling as many people as possible to worship In our church and to kcorne part of our parish community. The PCC maintains an overview of worship throughout the parish and makes Suggestions as lo how our service can involv¢ the many groups aclive therein. Our services and worship put faith into practice through prayer and scripture, music and sacrament. Ivhen planning activities for the year we have taken note of the Charity commission guidance on public benefit and in parti'cular the guidance for the advancement of religion. In particular w¢ ty to enable people to liv¢ out their faith ID these unusual lirnes as part of the parish community through Worship and prayer; learning about the gospel; developln8 their knowledge and trust in Jesus b. Provision of pastoral care L Missionary and outreach work We realise the importhnce of maintaining the fabric of both the church and the church house in order to facilitate this. ACHIEVEMENTS AND PERFORMANCE Worship and prayer The PCC is keen to offer the community a range of services during the week and ovcr the course of thc year that are fvlfillin8. Weekday services. evensong etc. and also a quiet environment. All are welcome to attend regular services. The number on thc elcciotal roll at the end of D¢¢ember 2024 stands at 194. 16 people havc been added since the prcvious year and I per%)n sadly died. Average weekly attendance during Octobcr WLS 170. Baptisms 26 Weddings Funerals in Church Funernb at Crunatorium 6 Deanery Synod The church has three representatives on Deancry syno one of whom is the Lay Chair and another the secretary. The Church House eomplex This buildin8 plays a significant part in the lif¢ of our church. being used on a daily basis by church members and organisations and not Iwt the contriltion il makes to the fllwices through letiings. P•5toral care is undertaken through the members of our ministy and by voluntary pastoral visitOTS. Mi$sAon and Evangelism The parish is working lo share the gcrf)d news of Jesus Christ with the pcople of Bury. A Mission Plan committtt conlinues to work on the MAP driving it forward. We are engaged with a Fo(Ml Bank and continu¢ to grow our relationship with the work of the Children's So¢i¢ty. FKumenleal rel•tlonshlp$ We are repTesenied at Bury a]urch¢s Together by the Rector bul would like to also have a lay reprcscntative. Members of the LX)ngregation tske part in the Good Friday Walk of Witness and others contributc to the work of the Street Pastor. Page I
Volunteers We acknowldge that the church would not function without the large number of volunteers who undertake a wide range of sponsibilities. Rtttor's Comments Although pages of figures can be Tather monolonous, we are all aware of the importance ofhaving monetary resources, so we Can fulfil our mission and underlying ainis acr055 Bury Parish Church. To this end, we are extremely fortunate lo have a team of people. who manage our finances and conlinuously strive for ei¢l¢ncY and value for money. Chaired by Pat Uden, the Finance Committee ensures that we have robust short-terni and long-terni plans in place, which cover both expenditure and rcvenue generation. This Work is underpinned by the sustained support of our Treasurer, Alan Davies, who has maintained a prudent approach to the day-to-day management of our finances, whilst cnsuring that we make Optimum use of the generous donations received from across our congregation and beyond. The figures contained in this report detail the requisite reSOue$ that we need to effectively function 85 a Church. A strong financial base allows us lo deliver our mission and ministry, where we support each other and the wider community and continue to deliver the Good News of Jesus Christ across Bury. FlnAn¢lil Revlew Throughout 2024, we received a number of legacies, which totaled just under £21,Cl)O. This has helped us to further fund the upgrade of Church Hall, where an additional £38,H3 was spent across the year oul of the Gcnerdl Fund. Total receipts on unrestricted funds were £252,689. Revenue from Church Hall rents improved on its 2023 income figure and brought in £43,780. Similarly, car park rents and income from The Wylde car park also showed an increase and returned revenue of £47.996. Combined. these two sources of external fijnding represented 36.3 /0 of the total unrestricted income. In addition to this. the coffee shop opened for business on Ash Wednesday in 2024. Run by volunteers, the coffee shop has consistenily madc a wttkly nct profit. as well as being a community hub for the people of Bury. A big thank you must go to all who have contributed to its success over the past year. Our Parish Share of £89.231 for 2024 was paid in full, which means we are eligible for the Diocese's 'Encouragement S¢heme' payment that will sec a reduction of 20/0 againsl our Parish Share figure for 2025. Over the past number of y¢ars, the PCC has been preparing for the following major projects: Church Roof: We have always been aware that the roof was nearing the end of its life and will be in nttd of replacemenL £24228 has been given to support this work in prior years. This huge projecl will be reliant on aid from the National )tt¢ry Heritage Fund and is unlikely to start in the next few years. All money received in advance will be held in an Appeal Fund until needed. In preparaiion for this project, the sum of £50,OCrf) is Currently Ixing held in a designated fiuKI. Church Surrounds: It is hoped that subslanlial grant funding will be secured to support this projecL which will be delivered in collaboration with Bury MBC. An application for fundtng will be submitted to the Nalional Lottery Heritage Fund in the coming weeks and we also plan to rcach out to local businesses for additional fu)ancial support. Bury MBC made a grdnl of £50,688 in 2022 and the residual balance is being held in the rcstri¢t¢d Appeal Fund. whilst a further £45,0 IMS been ¢annarked by the PCC and is held in a designat¢d fund for the project. New Sound System - following a tendering presS, we have now engaged a company called Keyslone to instsll a new sound/streaming system. The cost of the system will be circa £53K and payments will be staggered over a two-year period. An application for a Faculty is du¢ to be submitl¢d, with the aim of ¢omm¢n¢ing th¢ installation of th¢ systeni aft¢r Easter. Unrestrictethsignated funds decreased by £7,898 whilst Restricted Funds increased by £1,932 before a revaluation of our investment asKts saw an increase of £6,285 across all funds, Total Funds at the year-end increased by £319 10 £958.880. Page 2
Resernt5 Pollcy The PCC is ever mindful of the scale and value of the church building. which also brings potential for unexpecled and major costs. li is therefore the PCC policy io maintain a balance on liquid unrestricted funds which equate lo betwcen six and twelve months unrt5tricted paym¢nt8 to cover emergency situations that may arise from time lo time. The Thistees calculate the reserves as thal part of the charity's unrestricted income funds that is freely available after taking ac¢wnt of designated funds that have been earniarkcd for specific building or other major projccts. The unrestricted liquid reserves currently stand at £306.333 and calculated as follows: Total l?quid unrestricted fund&. £4(M)368 £94,035 Tt is our wlicy to invest our fun(ts with the Clwities Official Investment Furf with the CBF Church of EDgland Investment Fund and in collective funds with trustee status. Strucfvr4 govenbance and mxDigement The PCC is a corporate b(Mty &stsblisbed by thc Church of England and is a registered charity. The method of appoinlment of members is set out in the Church Representstion Rules. All church attendees are actively encouraged to register on the Electoraj Roll and to stand for election to the PCC. The membership consists of Incun)benl the Rector: Julian Heaton Craig Giles Shetla Beattie Pat Webber fromMay2018 Eric Duckwortb from May 2018 Deacon OLM: Wardetts: Deanery Synod Members (ex Officio on PCC) Kath PollaTd (Deanery Synod Secretary) Keith Smith pcc Diana Hampson (Vice Chair) Darren Biega (PCC Secretary) Alan Davies (Treasurer) Janice Harvey John Uden Pat Uden John Ankers Da%) Wighi Julian Higgins Ray Tait The church also a Standing committee consisting of the Rector: the Virx Chair. PCC secretary tyl tr¢asur¢r. the cbaiTS of FinaD¢e' Fabric; Publicity; Social and Congregation Commilt¢¢s. Page 3
Revlew of the )'eir 2024 wras yet again a dilTiculi year. Despite this the church has continued to s¢rve to congregation with services being streamed to those who ¢(wld nol attend in person. Members of the pastoral gTDup also kept in contact with those who wwe unlikely to see mAny peopl¢ on a regular basis. Christmas and Fx8ter bag5 Mtre taken out and hol meals were a150 on offer. We could not have carried out these activities without the help of the many volunteer5 who so generously offered their services and our grate1 thanks go out to all. We continue to have fLd and other donation boxes at the back of the church and agaiD we ar¢ grdteful for everyone's genLYOSity. The PCC met four times during 2024 Mryth an average attendance of14.75 (81.940/0). Sub committees have also continued to work gether. Rev'd Julian Heaton Chair of the PCC Dazren Bie8a In Ihe schedules ihaifollow there may be minordiScrepaieS in the lolals as thepence are nol showi Page 4
INDEPENDENT EXAMINER'S REPORT TO BURY PARISH CHURCH PAROCHIAL CHURCH COUNCIL I rqK)rt to the trustees on rny examination of the accounts ofBury Parish Church St Mary the Virgin for thc ycar ended 3111 December 2024. Responslbllitles and basls of report The members ofthe Parochial Church Council are responsible for the prq)aration of the accounts in ac¢ordan¢c with the requirements of the Charities Act 2011 ('the Act,). I re[ in respeth of my examination of Bury Parish Church St Mary the Virgin's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5XTr>) of the ACL Independent examlner's statements Since Bury Parish Church St Mary the Virgin's gross income exceeds £250,000 your examiner must be a member of a body listed . section 145 of the 2011 A¢L i confum that l am qualified io undertake the examination beuuse l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confm thal no materia] matters have com¢ to my attention ID conne¢uon with the examination giving me cause to believe that in any material respect: axounting records were noi kept in reswt of Bury Parish Church St Mary the Virgin required by section 130 of the ACL 2. the accounts do not acrA)rd with those records; or 3. th¢ accounts do not comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Acwunting and Reports) Regulations 2008 other than any requirement that the accounts giv¢ a'true and fair view. w.Ch is not a matter nsIdered &s part of an independent examination. I blve DQ ve come across no other matters in connection with the examination to wbich attention should be drawn in this report in order to enable a prow understanding of the accounts lo be reached. -le forfkJ,,Tr P¢frr Nicol Bsc FCA Independ¢nl cxaminer Tower House 269 Walmerslry Road Bury BL9 6NX Da¢¢.. Page 5
Statement of Flnanclal Activltles Unrestrlcted Restrlcled Endowment funds funds funds Total Prlor Y•ar funds total funds Incomlng r•sOu•S IncomirKJ rex)urces from generaled funds Voluntary income Activilies for generaling funds Investmenl income IncomirKJ resources from chariiable adivilies Olher incoming resources Total Incom• 539 169.109 109.779 16.742 5.991 1,700 303,861 121,261 107,825 14.838 8.840 122,246 109,402 19,19) 8.840 1.577 4.352 253,449 6,914 260,363 R•sources us•d Cosl of generating funds Cost of generating voluntary Income Charilable actsvities Govemance costs Total •xp•ndltur• 6,499 7,827 236.858 10,163 261,347 6.499 7.837 241,830 10,163 266,329 10 4.972 9.703 324.751 4,982 350,055 N•t In¢om• l (•xp•ndltur•) r••ourc•• b•for• transf•r (7,898) 1,932 (5,966) (46,195> Trnn8f•rs Gross Iransfers betsveen funds . In Gross transfers betsveen funds - out (Xh•r r•cognlzed galns I loss•• Gains I losses on investment assets 141 (141) 73 (73) (141) 2,425 6,285 23,803 N•t mov•m•nt In funds (5,614) 4,933 1,000 319 (22.392) Total fund• brought forward 653.229 261,663 43,669 958,581 980,952 Total fund• carrl•d forward 647,61 S 266,596 44,669 958,880 958.561 R•pr•s•nt•d by Unr•strlct•d General fvnd 553,580 553,580 559,360 O•slgn•t•d Church SurroLf*d$ Remembrance Garden Roof Fund 45,(YJO {965) 45.0 (965) 45,OLXI <1.131) R•strlct•d ms )peal FurKI Choir Choir Events Choir Scho Fabric Flowers & Decwatlon Missions 7.395 69,849 19,627 740 7,395 69,849 19.627 740 7.425 70.596 18,863 168.031 {143) 1.477 162,347 168,031 (143) Endowm•nt Choir General PuTpose8 Endowments 32,576 12,094 32.576 12.094 31,847 11,823 Page 6
Balance sheet Total funds Prlor •ar funds Flx•d •s¥•ti TInble assets Invgstrnents 247,247 247,247 274 610 521,857 528,143 Curr•nt ••••ts Debtors Cash at b•nk In h•nd 561 16.114 435,577 451,691 446,266 Ll•bllltl•# 15,529 14,987 N•t ¢urr•nt ••••t• l••s curr•nt lbIlItI•l 430,737 436,704 Totsl ss•t• l•• curr•nt Il•bllltl•• 958,880 958,561 ToL•l asMt• Il•bllltb•• 958 880 R•Fx•Mrrt•d by Llnr••trlct•d Ger¥I fvnd 553.5KI 559,380 D•sl9n*t•d Projects RCKJI Fund CJ)urth SufrourKI• Y¢)uth (>oup 1965) (1,131) 45,(KM) 45.ClXI R•strtd•d 7,395 69.849 19.627 740 168,031 (143) 7.425 70.596 18,8&3 29) 162.347 Fund Choir Evwtl F•bn 1.477 Endowm•nt 32,575 12,093 31,847 11.823 Funds ol th• ¢hw¢h 958 880 Page 7
Statement of assets and Ilab115tles Gen¢r•l Desl nited Restrlcted Endowment Thls Year Last Yelr Flx•d •¥i•ts . Inv•stm•nls 417 Mrs. Harvty TNSI- 418 JL Marthanl Trusl- 420 A H Baber Wuest- 421 Bishop Homby Prayer W- 423 LH Green Beouest- 424 J Whitehead Fal¢- 425 Bishop Homby Fabrlc- 426 JG Walker Choir- 428 J lehead Cholr- 430 J G Newton- 433 Bishop Hbll chr- 450 Churth Fabne Fund- 471 Whitehead Endowm•nt- 476 Crornpton Family- 501 Hannah ASnsworth Fal¢- 508 D Holl; ASM PCoCk- 674 D 1ttarn- 726 TA Whittarn- 758 J Porter MBE . 767 J&4 F•brtc. 7.214 7,214 7.214 4.948 2.89) 1.434 10,267 4.995 2.890 2.890 83.265 15.793 3.630 2,821 6.128 3.122 10.182 4,232 1.734 13.892 7,053 7.053 7,214 4,948 2.8 2,826 1,402 10.037 4.883 2,826 2,828 81.402 1S.439 3.549 2.758 1.434 10,267 4.995 2,8 2,890 83.265 15,793 3,630 2,821 6,128 3,122 3.052 9,955 4,137 1.695 13,581 89.311 274,610 10,182 4.232 1.734 13,892 Totl• 108.430 127.797 280,890 Flx•d ••••t• - T•figlbl• •••ts Churth Hall- Wylde C•r P•t. 120,000 127247 247.247 120,LU) 127247 247.247 120,C 127,247 247.247 CurT•nt . C••h al bank and In h•nd Bank OJrrt ac£ounl. Ajms Fund Aco)unl- COIF dèr•)Slt aC£tht- Wardens Flo•l- C•sh In h•nd- 77,888 94,035 124.431 296,354 289.477 134,218 347 15.000 {2131 149,218 134 141.945 493 Tot•l• 212,453 •4,035 139,211 44S705 435,577 Curr•nt ••Mt•. D•b¢w• toJnts ReL41Vae- knoLbnts H•ll ll1'n9¥- HMRC: Glft RKov•r•bl•. 561 561 1.138 11,976 16.114 T¢lal# 561 561 Ll•bllltl•8- Cr•dltQf•: Amwnl• l•lllng du• lfi 419 419 Ao))unts P•y•bl•- 15.110 15.110 14,987 Tot•l• 15.110 419 15.529 14.987 Gi•nd tot•1 553.580 .035 266.590 44,609 561 Page 8
Fund movement by type enln Incomln Out oln Trinsfers GAlnJnoJses Journ•lJ Closln Alms- Alm• Restricted 7.425 7,425 30 30 SU101•1 for Alm• 7,395 App••l - App••l Fut 747 747 Su1¢)1 for App••l 70,596 69,849 Cholr- Cholr Restr'cted EndovM•nl 18,863 1,237 291 729 1,020 19,627 Su01•1 for Cholr 50,710 1,237 764 52,203 Ev•nts - Ch¢lr Ev•nt¥ R¢str¢ts 450 450 740 740 SUt01•1 l¢f Ev•nt• 290 F•brf¢. F•brf¢ 168.031 168,031 su¢01 for F•lxl¢ 162,347 3,115 2,569 Fl¢)w•r•. Fl¢y•Mr• & D•cor•tlon 535 535 819 819 141 141 143 (143) St01•1 for Flow•r• G•nPurp. G•n•f•l Purpo••i End Endowm•nt 271 271 12,094 12,094 Sutstol•l for G•nPu 11,823 M•mlGdn•. R•m•mbr•n¢• G•rd•n Deslgnatvj Su01•1 M•mlGdn• 760 594 (965) 888 888 Su&t+)t•l lor Ml••lon• 1,577 1,353 pro¢ . ProJ•ct• D•slgn•trA SU01 for PfoJ•¢t• Roof. R¢)ot Fund D•signtsd SulAot•l for R)ol S0,O¢JO 8¢hool- Cholr School ROS•d 208 208 Stsb4ot•l for SGho 1,477 1,269 Swround•- Church Surround• 45,IX)O 45.000 Su04 for Surr•und• 45.000 TBC . Youth Gioup Sub40ts1 l¢x TBC G•n•r•l . G•n•r•l lund Uni85tiid•d 559 360 252 689 559,360 252,689 260,753 260,753 141 (141) 553,580 553,580 s10t•1 for G•n•i•l 2,425 Grind tothl 260,363 266 329 6,285 958,880 Page 9
Analysis of income and expendlture Tol41 ear Unrestrlcted Desl nated Restrlcted Endowment Thlj L*st eir INCOME AND ENDOWMENTS Ineomlng resourc•s from g•n•rated funds 1280- Candle Income 539 539 Tolal Incoming resources from generated funds - Voluntary Income 0101- Grft Aid- Bank 40,603 0110- Gfft Aid - Envelopes 11,416 0201- Other planned giving 13,685 0301- Loose plate colleclions 2,571 0410 - Giving through church boxes 5,846 0550 - t)onations appeals etc 3,674 0601- Tax recoverable on Gift Aid 13,012 0701- LegaCS 20,944 08A1- Non.recurrirvJ ontroff grants 0901 . Other funds generatsd 100 150 40.703 11.566 13,685 2.571 5.846 3.869 13,102 20.944 44.936 16.995 9,555 4,7 2,219 49,765 17.510 500 20.920 1.802 169,109 195 9.510 121.261 450 Total 122.246 Incoming resources from generated funds - Activitles for generatlng funds 0920 - Concert- Ticket Sales 8.400 0921 - Concèrts- Food incom8 1,106 0930 - Tea Money 0950 - Fundraisir¥J Events 1220 - Bookstall sales- fund raisirNJ 1240 - Church hall lettings- fund raising 1243- Car Park Rents 1250- Magazine income- advertising 1260- Parish magazine sales 8,400 1.106 1.577 4,723 466 8.234 4.126 1,457 6.619 1.577 4,723 43,780 47,996 795 559 107.825 43.780 47,996 795 559 109,402 42.342 45.487 698 451 109.779 Toial 1.577 Incomlng r•source8 from g•nerated funds - Investment Incom• 1001- Divwjends 3,271 1020 - Bank and buikliThJ society intèrest 11.567 4,352 7,623 11,567 7,506 9.238 Totsl 14,838 4.352 19,1 16,742 Incomlng resources from ¢harltabl6 actlvltles 1101- Fees for weddings and funerals 1270- Churth Events 1275 - Remembrdn¢e Garden Inscriptions 6,675 1,405 6,675 1.405 5.282 116 593 760 Total 8,080 760 8.840 5.991 Other Incomlng resources 1310 - Insuranco claims Total INCOME TOTAL 252 689 760 260 363 303 861 Page 10
EXPENDITURE Cost of gen•ratlng funds 1731- Costs of Lunchtime Concerts Total 6,499 6.499 5,938 Cost of generating funds - Cost of generatlng voluntary Income 1730- Costs of fetes & other events Total 10 10 7.827 7,837 5,938 Charltabl• actlvltles 1830 - Giving - lief and development agencies 1850 - Home mission 1870 - Secular Charit9 1871- Other Grants 1910 - Ministry parish share elc 2001- Assistanl Staff Cost 2C#J2 - Dom & Organist Salari8s 2003 - Choir Wages 2050 - Salary of parish admlnlstrator 2101- Wothing expenses of Incumbent 2102- Salary of Recto¢s PA 2120 - Council tax 2131- Rectory Gardens 2140 - Water rates- vScaragè 2301- Church running - insurance 2310 - Church office - telephon8 2320- Organ I piano tuning 2330 - Church maintenance 2340 - Upkeep of seN 2345 - Flowers 2350 - Upkeep of chufthyanl 2360 - Administration 2401- Church running - electric 2410- Church running- gas 2420- Church running- waler 2450 - Cosl of Church Activrties 2530 - Hall running - eltriCity 2540 - Hall running - gas 2560 - Hall running - maintenance 2580 - Hall running - water 2701 - Church major repairn- structure 2710 - Church major repair8- Installation 2801- Hall + major repalrs - structure 2820 - Hall + malor repalrs - Installats. 2840 . Other PCC wopety upkeep Total 224 224 1,149 1.149 3,120 3.896 87,444 73 15,257 1,235 3.278 2.7 3,278 2,783 87.444 73 15.257 1.235 3,278 2,700 3,278 2.783 89,367 15.950 1.034 3,206 2,71YJ 3.206 2.651 698 13.063 3.008 2,670 5,322 1.522 698 13.063 3.008 2.670 5.322 2,286 819 1,535 6,315 5,583 11,448 607 1,568 2.148 6,589 16.367 1.210 485 12.689 2,426 2.178 4.787 1,712 958 466 3,911 819 747 5.583 11.448 7,667 403 2.608 2,201 5,225 10.809 298 2,148 6,589 16.367 1,210 1,269 57.840 38,443 525 38.443 525 69,304 105 236,264 105 241,830 594 4,972 242 324,751 Governanc• costs 2601- Governance costs examinab'Iaud1I fee 2602 - Treasurers Fe68 2,010 2.010 8,153 1,920 7,743 Total EXPENDITURE TOTAL 260,753 594 266,329 350.055 GRAND TOTAL 8,064 1,932 46,194 Page IJ
ACCOUNTING POLICIES Th¢ PCC is a public iKmefit cntity Wlthin th¢ mcanin8 of FRS102. The financial slalemenis havc bc¢n prepared under the Chariti¢s Act 2011 and in accordancc with the Church AOuntIng Rcgulations 20 govcrning Ihc individual occounls of PCCS. and with the Regulations'lrue and fair Vic ' provision& ond thc Statement of Rccominended PrActic¢, Accounting and Rcportin8 by Charities (SORP {FRS102)), ASSETS Coftsccrnied Ind bcntflce property In far as consecrat¢d and nefiCe propeTty of any kind is ex¢luded from the stalutory definition of 'charity' by Sedion I2) (a) Ind (c) of thc Charilits 2011 such &ssrts are ¢apitilis¢d in the finonciai stal¢menlS. mo),ble Chr¢b furnlsblngs These are capitalis¢d at cosi nd depreciated ovff their usefijl economic life other than where insuffici1 cost inforniation 1$ vailabl¢ In this case the iiem is N)1 eapiulised bui a]1 items are includ¢d in the Church's inventory in any c&8e. TADgible fixed 1sse¢s for ust by ¢hrlty. These or¢ ¢apiialised if th¢y can be used for mor¢ than one y¢or. ¢0 at least £S.(KK). Th¢y are vaiu¢d at cost or ¢ls4 for gifts-in-kind. •t a reasonable estimate of thcir op¢n market value on r¢¢eipL Depreci•tion is calculated to write off the capitalised cost of red l¢ss their currently anti¢ipatcd residual fair value thcir tstimated uscfisl lives Ls follows: Land FiKtur¢s & Fittin8S 20 years Compulcrs 3 years No depreciation is provided on buildings as the currently estimated residual valu¢ of the pr(y¢rties is not lus than their c•rryin8 v•lue and the Temainin8 us¢fvI life of assets exceeds 50 ye4r& so that any depreciation dJaTgcs would be immaterial. An impaimi¢nt review is led out 41 exh ye4fvend and any resultant loss identified included in expenditure fff the ye4r. Inve5tmtntJ Inv¢stments qUOt¢d on a Tccognised 0¢k exchange or whose value d¢rivcs from th¢m Irc valu¢d At markd vu¢ at the yrar end Oth¢r investmcnts arc included at PCC'S best estimate of market vaiue. Short term dtposlti These •r¢ the c&sh h¢ld det either with CCLA or at th¢ bank FUNDS Ullrestrl¢led Fts#ds These T¢present th¢ r¢mainin8 income of the PCC that is available for spending on th¢ general PUTWSeS of the PCC. including amounts d¢signated by thc PCC for red assets for its use or for spending ffl a futUT¢ projert and which are thercfor¢ not incluikd in its 'free reserves. as disclosed in the trustres. rew Restrlcted Fulld• These are in¢rrn¢ funds that must b¢ spent r¢strirted puryxws Ind detsils of th¢ funds held and restriction provided Ire shown in the notes to the acwunts. Endowmtll¢ Fundi These are rcstricted funds that rnu b¢ retaineAJ as trust capita] either pennanently or $ubj¢rt to a discretionary power to spend capital &s income, and wher¢ the use of any inwme or othu knefit derived from the capit41 may be restricted or unrestricted. Full d¢tsils of all their restrictions arc show) in the notes to the accounts. INTERESTS OF PCC MEMBERS Contracts to the value of £1244 werc awarded during the year lo Eric Duckworth Heating & Electrical. Ftts of £2038 were paid to the PCC Tr¢asurer, Nigel Rushworth (up lo 3 IS¢ March 2024) and Alan Davies (also in the capacity of Tr¢asurer and as successor lo Nigel Rushworth) from 14 April 2024 onwards, which iotaled £6115. EMPLOYEE EMOLUMENTS Number of cmploy¢¢s al the y¢ar cnd under £23,C(rt) Page 12
INDEPEl%DET EXAMINERS RENIUNERATION A provision of £1,950 has been made in the accounts in respect of accountancy services. TRknSFERS BETIVEEN FUNDS £141 has been transfenrd from unrestricled funds io the Flower Fund to make good a deficit in that fund. Mindful of the major projects which are looming, in 2019 the Trustees designated £50,CK)O from the unrestricted fund in respect of the new Th)f ,hICh is needed and a further £45,000 in respect of the exterior works which are needed to rq)air the surrounds of the church. The Trustees intend that designaled funds are spent within a reasonabl¢ period of receipt and therefore forestt a need only to maintain reserves sutTicient to provide a certainty of funding for major building projects. The Trusices review the balances held in designated fimds to delern)ine whether these fimds are likely to be ¢ommitted in the near future and the extenl to which the is a conlinuing need idents'fied for any designated fund. The Trnst¢¢s will be undertaking a review of designaied funds to ensure thai they are all active. Any inactive funds will be closed and th¢ funds ttansfcrred to reserves. ANALYSIS OF NET ASSETS BY FUND Unrestricted Dt$lgDaled Funds Funds 355,677 221,095 14.987 559 359 Restricted Funds 127,797 136,727 Endowment Funds Tot21 Funds 558,143 451.691 Fixed Assets Current Assets Cuzrent Liabilities Fund Balance 93,869 958 561 FIXED ASSETS FOR USE BY THE PCC Tangible fixed ass¢ts: Frcebold land and buildin £247247 £0 £247247 BOOK VALUE At l January 2024 Additions / Disposals At 311t December 2024 b) Inveslments Total Market V•lue •t 31 Dttember 2024 £280096 12148 shar¢s in CBF Investment Fund- historical cost 31 December 2024 £60,1(KI (2023: 12148 sharcs. £60,1)} Page 13
The Parisli Clii4rcli of Si Mary (he Virgiii Tlie Rock Biiry Registered Charity Nuniber 1133863 Corre.fpoiidence address.. The Parisli Office The Reclory Tithebarn Sireet Biiry BL9 OJR Email.. biirypcoffice@gmail.com IvW.burypar1shehurCh.eOM