## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAULS YORK**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
Charity registration number 1133875
## **The Parochial Church Council of the Ecclesiastical Parish of St Pauls York**
|**INDEX**|**PAGE**|
|---|---|
|TRUSTEES’ REPORT|1 - 5|
|INDEPENDENT EXAMINER’S REPORT|6|
|STATEMENT OF FINANCIAL ACTIVITIES|7|
|BALANCE SHEET|8|
|NOTES TO THE ACCOUNTS|9 - 19|
- 1 -
## **ST PAUL’S HOLGATE PCC**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees present their report and the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.
## **OBJECTIVES AND ACTIVITIES**
The Parochial Church Council (PCC) is the executive committee of a Church of England parish and consists of clergy and churchwardens of the parish, together with representatives of the laity. Legally the PCC is responsible for the financial affairs of the church parish and the maintenance of its assets, and for promoting the mission of the church.
The PCC has the responsibility of co-operating with the incumbent in:
- The promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England
- Promoting in the parish the whole mission of the church, pastoral, social, evangelistic and, Ecumenical
- To know Jesus better and make Him better known
- Practical support and care for people in the parish, from the youngest to the eldest, irrespective of level of need or, ability to pay
The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice, and we welcome anyone from all walks of life to take part in the life of the church.
## **ACHIEVEMENTS AND PERFORMANCE**
Following on from the new visionary goals in 2023 (Community; Discipleship; Identity in Christ; Culture of Invitation; Heart for Holgate) there were three new vision priorities agreed as follows to help further develop ‘A Place to Belong’.
- To Know: For each person coming to St Paul’s to know Jesus and God’s great love for them.
- To Grow: For each person to grow in their faith.
- To Go: For each person to have the confidence to go into the world to share their faith and God’s love.
## _Church services_
Church services continued to thrive throughout the year. The Sunday 10:30 service averages over 80 adults and children with up to 140 for special services (baptisms, Advent/Easter services). These services are streamed (joint with St Barnabas) online and average 80 views (150 for special events). Children’s groups during the service include creche, Jump (reception-year 3), Junior Youth (year 4 – year 6) and Youth.
- 2 -
## **ST PAUL’S HOLGATE PCC**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
There is also Sunday evening Encounter services held twice a month and Thursday 12:15 services have regularly had 15-20 people with up to 50 for special services linked to Coffee and Co.
## _Partnerships_
The partnership with St Barnabas has continued to develop throughout the year with continued shared streaming and joint services. Relationships are also continuing to be built with St Paul’s Primary school with collective worship and end of term services.
## _Other activities/groups_
Numerous activities and groups run outside of our regular services. These include:
- Toddlers
- Reading the Bible Together
- Coffee & Co
- DMC (youth: year 7 – year 9)
- Open Table (youth: year 10 – year 13)
- Men’s and Women’s ministry
There are several regular home groups that meet on different evenings during the week. They meet to spend time supporting and encouraging each other through prayer, reading the bible, and socials.
The church also returned to Pocklington School in July for the weekend away. A prosperous time was had building community and discipleship and growing in faith together.
## _Staff team_
Marion (Curate), Izzie (Youth) and Louise (Admin) have continued to establish themselves as key members of the church. We have continued to look for a replacement for the vacant Children and Family worker role.
## **VOLUNTEERS**
The PCC recognises the significant contribution made by volunteers each year and thank each and every one of those who have given their time to enable the church to carry out its work.
## **FINANCIAL REVIEW**
Total income for the year amounted to £186,283 (2023: £179,403) whilst total expenditure was £174,590 (2023: £177,129). There were investment losses of £18,427 (2023: £41,831) leaving an overall deficit of £6,734 (2023: £39,557 deficit). This was made up of an unrestricted deficit of £454 (2023: £9,185) and a restricted deficit of £6,280 (2023: £30,372).
There was an increase in planned giving during the year. The reduction in collections was mitigated by an increase in unplanned giving.
The free will offer was increased to £72,000 this year (2023: £65,000) and the PCC have made the decision to maintain this into 2025.
- 3 -
## **ST PAUL’S HOLGATE PCC**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## _Investment policy_
The funds held within investments relate solely to the reordering restricted fund. Quarterly reports are received and reviewed. Investments are currently held with Ruffer although with the recent losses this is being reviewed as to whether this is the most appropriate use of the funds.
## _Reserves policy_
The current reserves policy is to maintain a balance on free reserves equivalent to two months running costs and an additional one month’s salary costs. For the year ended 31 December 2024 this was £32,103 (2023: £32,522).
Free reserves currently stand at £35,801 (2023: £31,525) and therefore the year end position meets this target.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Parish of St Paul’s, York is a parish within the Church of England as defined by canon law. Individual parishes within the church of England do not have a separate constitution. They work within the framework of Church of England ecclesiastical law, consisting of the Parochial Church Council Powers Measure (1956) and the Church Representation Rules. The PCC is a Registered Charity.
The method of appointment of PCC members is set out in the Church Representation Rules. At St Paul’s the membership of the PCC consists of the incumbent (our rector), churchwardens, the reader and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.
At April 2025 the electoral role stood at 109 people of which 44 are resident in the parish and 65 are nonresident.
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. New members are given basic information and welcomed to the PCC as trustees.
The full PCC met eleven times during the year with an average level of attendance of 77% (2023: 76%).
- 4 -
## **ST PAUL’S HOLGATE PCC**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
|**Charity name**|The Parochial Church Council of the Ecclesiastcal|The Parochial Church Council of the Ecclesiastcal|Parish of St Pauls York|
|---|---|---|---|
|**Working name**|St Paul’s Holgate PCC|||
|**Charity number**|1133875|||
|**Address**|St Paul’s Church|||
||Holgate Road|||
||York|||
||YO24 4BF|||
|**Rector**|Rev Paul Millard|||
|**Trustees (PCC members)**|Rev Paul Millard|(Rector & Chair)||
||Rev Mathew Woodcock|(Pioneer Minister)|(Resigned May 24)|
||Rev Marion Barella|(Curate)||
||Adrian Church|(Ex-ofcio Lay Reader)||
||Jayne Andrle|(Church Warden)||
||Claire Gardiner|(Church Warden)||
||Natalie Bell|||
||Tom Hanham|(Lay Vice-chair)||
||Dr Ellie McCullough||(Resigned Feb 24)|
||Mary McNiven||(Resigned Apr 25)|
||Emma Newman-Jones|(Deanery Synod rep)||
||Brian Patrick|||
||Tom Patrickson|||
||Caroline Wilson|||
|**Other members**|Mathew Morgan|(Ordinand)|(Lef Jan 25)|
|**Secretary & electoral role**|Janet Leigh|||
|**ofcer**||||
|**Independent Examiner**|M Bryan FACCA|||
||34 Neville Street|||
||York|||
||YO31 8NP|||
- 5 -
## **ST PAUL’S HOLGATE PCC**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting policies have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for the prevention and detection of fraud and other irregularities.
The Trustees’ Report was approved by the PCC on 5 May 2024 and signed on its behalf by:
………………………………………….. ………………………………………….. Rev Paul Millard Tom Patrickson Rector Trustee
- 6 -
## **ST PAUL’S HOLGATE PCC**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which comprises the Statement of Financial Activities, Balance Sheet and relevant notes.
## **Responsibilities and basis of report**
As the charity’s trustees 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 Charity’s accounts carried out under section 145 of the 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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirement concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulation 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.
…………………………………………..
M Bryan FACCA 34 Neville Street York YO31 8NP
20 July 2025
- 7 -
## **ST PAUL’S HOLGATE PCC**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|Note
**Income and endowments**
Donatons and legacies
2
Charitable actvites
3
Investment income
4
Other income
5
**Total income**
**Expenditure**
Raising funds
6
Charitable actvites
7
Other expenditure
8
**Total expenditure**
**Net income/(expenditure) before**
**gains/(losses) on investments**
Net gains/(losses) on investments
11
**Net income/(expenditure) afer gains**
**on investments**
Transfers between funds
**Net movement in funds**
Reconciliaton of funds:
Total funds b/fwd
**Total funds c/fwd**|Unrestricted
Restricted
Total Funds
Funds
Funds
2024
£
£
£
139,967
6,654
146,621
9,712
10,893
20,605
4,117
9,819
13,936
4,791
330
5,121
**158,587**
**27,696**
**186,283**
414
-
414
157,049
15,130
172,179
1,551
446
1,997
**159,014**
**15,576**
**174,590**
**(427)**
**12,120**
**11,693**
-
(18,427)
(18,427)
**(427)**
**(6,307)**
**(6,734)**
(27)
27
-
**(454)**
**(6,280)**
**(6,734)**
79,296
479,410
558,706
**78,842**
**473,130**
**551,972**|Total Funds
2023
£
147,220
14,078
12,317
5,788|
|---|---|---|
|||**179,403**|
|||614
175,459
1,056|
|||**177,129**|
|||**2,274**
(41,831)|
|||**(39,557)**
-|
|||**(39,557)**
598,263|
|||**558,706**|
- 8 -
## **ST PAUL’S HOLGATE PCC**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
||Note|31 December 2024|31 December 2024|2023|
|---|---|---|---|---|
|||Unrestricted|Unrestricted|Unrestricted|
|||£|£|£|
|**FIXED ASSETS**|||||
|Tangible assets|10||23,505|25,549|
|Investments|11||415,724|434,151|
||||**439,229**|**459,700**|
|**CURRENT ASSETS**|||||
|Debtors|12|28,556||12,408|
|Cash at bank and in hand||100,483||108,533|
|**Total current assets**||**129,039**||**120,941**|
|Creditors: Amounts falling due|||||
|within one year|13|**(16,296)**||21,935|
|**NET CURRENT ASSETS**|||**112,743**|**99,006**|
|**NET ASSETS**|||**551,972**|**558,706**|
|**REPRESENTED BY:**|||||
|Unrestricted funds|14||78,842|79,296|
|Restricted funds|15||473,130|479,410|
|**TOTAL CHARITY FUNDS**|16||**551,972**|**558,706**|
Approved by the PCC on 5 May 2024 and signed on its behalf by:
|…………………………………………..|…………………………………………..|
|---|---|
|Rev Paul Millard|Tom Patrickson|
|Rector|Trustee|
The notes to the financial statements form part of these accounts.
- 9 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared to give a true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared in sterling which is the functional currency of the charity.
Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy notes. The principal accounting policies adopted are set out below.
## **Going concern**
At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. This the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Funds**
_Unrestricted funds_ are available for use at the discretion of the trustees in furtherance of their charitable objectives.
_Designated funds_ comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
_Restricted funds_ are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
- 10 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES (continued)**
## **Income recognition**
Collections are recognised when received by or on behalf of the PCC. Income tax recoverable on gift aid donations is recognised when the donations are recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Funds raised at social and similar events are accounted for gross. Rental income from the letting of church premises is recognised when the rental takes place. Interest and dividends are accounted for when receivable.
## **Expenditure recognition**
Expenditure is recognised when it is incurred and is accounted gross. The diocesan Free Will Offer is accounted for when payable.
## **Tangible fixed assets**
Tangible fixed assets are initially measured at cost (subject to a £1,000 de minimis figure) and depreciated on a straight line basis over 4-5 years with the exception of the chairs which are depreciated over 20 years.
## **Fixed asset investments**
Investments are valued at market value at 31 December.
## **Cash and cash equivalents**
Cash and cash equivalents include cash at hand, and cash held on deposit either with the bank or the CBF Church of England Funds.
## **Debtors**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable.
- 11 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. DONATIONS AND LEGACIES**
|Planned giving
Gif aided donatons
Gif aid
Other planned giving
Unplanned giving
Collectons
Legacies|Unrestricted Restricted
2024
Funds
Funds
Total
£
£
£
90,959
1,475
92,434
23,331
389
23,720
13,623
1,260
14,883
6,081
3,530
9,611
5,973
-
5,973
-
-
-
139,967
6,654
146,621|Unrestricted Restricted
2023
Funds
Funds
Total
£
£
£
84,241
3,877
88,118
23,325
1,383
24,708
14,175
120
14,295
2,125
362
2,487
8,560
2,657
11,217
6,395
-
6,395|
|---|---|---|
|||138,821
8,399 147,220|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|Weddings/funerals
Women’s ministry
Fundraising
Men’s ministry
Toddlers group
Church letngs
Youth
Church weekend
Other|Unrestricted Restricted
2024
Funds
Funds
Total
£
£
£
1,657
-
1,657
-
149
149
372
52
424
240
1,520
1,760
1,055
-
1,055
6,388
-
6,388
-
2,243
2,243
-
6,929
6,929
-
-
-
9,712
10,893
20,605|Unrestricted Restricted
2023
Funds
Funds
Total
£
£
£
2,366
-
2,366
-
96
96
201
1,139
1,340
-
1,190
1,190
1,265
-
1,265
1,065
-
1,065
-
463
463
-
6,165
6,165
128
-
128|
|---|---|---|
|||5,025
9,053
14,078|
- 12 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **4. INVESTMENT INCOME**
|Bank interest
Dividends|Unrestricted Restricted
2024
Funds
Funds
Total
£
£
£
4,117
-
4,117
-
9,819
9,819
4,117
9,819
13,936|Unrestricted Restricted
2023
Funds
Funds
Total
£
£
£
1,291
-
1,291
-
11,026
11,026|
|---|---|---|
|||1,291
11,026
12,317|
## **5. OTHER INCOME**
||Unrestricted|Restricted|2024|Unrestricted|Restricted|2023|
|---|---|---|---|---|---|---|
||Funds|Funds|Total|Funds|Funds|Total|
||£|£|£|£|£|£|
|St Barnabas shared|4,791|-|4,791|5,138|-|5,138|
|expenses|||||||
|Miscellaneous income|-|330|330|150|500|650|
||4,791|330|5,121|5,288|500|5,788|
|**. RAISING FUNDS**|||||||
||Unrestricted|Restricted|2024|Unrestricted|Restricted|2023|
||Funds|Funds|Total|Funds|Funds|Total|
||£|£|£|£|£|£|
|Fundraising|414|-|414|34|580|614|
||414|-|414|34|580|614|
## **6. RAISING FUNDS**
- 13 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **7. EXPENDITURE ON CHARITABLE ACTIVITIES**
|Free Will Ofer
Staf costs
Mission giving
Utlites
Maintenance
Depreciaton
Staf expenses
Women’s ministry
Weddings/funerals
Service costs
Tech/music
Ofce
Communicatons
Men’s ministry
Youth
Toddlers group
Cofee & Co
Church weekend
Miscellaneous expense|Unrestricted Restricted 2024
Funds
Funds
Total
£
£
£
72,000
-
72,000
33,702
2,356
36,058
14,028
-
14,028
17,593
-
17,593
4,508
-
4,508
2,044
-
2,044
3,666
-
3,666
-
174
174
956
-
956
2,087
19
2,106
1,681
-
1,681
1,235
-
1,235
1,646
-
1,646
-
1,284
1,284
1,041
3,033
4,074
660
-
660
-
17
17
-
8,247
8,247
202
-
202
157,049
15,130 172,179|Unrestricted Restricted
2023
Funds
Funds
Total
£
£
£
65,000
-
65,000
32,188
3,820
36,008
13,869
2,548
16,417
18,067
-
18,067
13,240
-
13,240
2,818
-
2,818
3,770
-
3,770
-
105
105
513
-
513
3,584
40
3,624
1,990
106
2,096
1,132
-
1,132
1,438
-
1,438
-
1,464
1,464
-
1,994
1,994
314
-
314
-
129
129
-
6,579
6,579
743
8
751|
|---|---|---|
|||158,666
16,793 175,459|
## **8. OTHER EXPENDITURE**
|Congregaton gifs
Miscellaneous expense|Unrestricted Restricted
2024
Funds
Funds
Total
£
£
£
-
446
446
1,551
-
1,551
1,551
446
1,997|Unrestricted Restricted
2023
Funds
Funds
Total
£
£
£
18
94
112
334
610
994|
|---|---|---|
|||352
704
1,056|
- 14 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. STAFF COSTS**
|Unrestricted Restricted
2024
Funds
Funds
Total
£
£
£
Gross salaries
33,127
2,356
35,583
Pension contributons
575
-
575
33,702
2,356
36,058
Average number of employees|Unrestricted Restricted
2023
Funds
Funds
Total
£
£
£
31,470
3,820
35,290
718
-
718|
|---|---|
||32,188
3,820
36,008|
||2024
2023
4.6
4.5|
During 2024 the PCC employed an administrator, youth worker and vergers. Employer’s national insurance contributions were all covered by the employment allowance.
No trustees were paid any remuneration in the year (2023: none).
## **10. TANGIBLE FIXED ASSETS**
|**Cost**
At 1 January 2024
Additons
At 31 December 2024
**Depreciaton**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023|Church
Total
Equipment
£
£
78,406
78,406
-
-|
|---|---|
||78,406
78,406|
||52,857
52,857
2,044
2,044|
||54,901
54,901|
||23,505
23,505|
||25,549
25,549|
- 15 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**11. INVESTMENTS**
**Church Reordering Project**
Rufer – Absolute Return C Inc
Historic cost is £346,223
**Movement in the year**
Market value at 1 January 2024
Unrealised (losses)/gains
At 31 December 2024
**12. DEBTORS**
Prepayments and accrued income
Other debtors
**13. CREDITORS**
Accruals
Other creditors|2024
2023
£
£
415,724
434,151|
|---|---|
||415,724
434,151|
||434,151
475,982
(18,427)
(41,831)|
||415,724
434,151|
||2024
2023
£
£
28,556
11,892
-
516|
||28,556
12,408|
||2024
2023
£
£
1,583
7,454
14,713
14,481|
||16,296
21,935|
- 16 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **14. UNRESTRICTED FUNDS**
|General fund
**Designated funds**
Fixed assets
Maintenance
Toddlers
Total unrestricted funds
General fund
**Designated funds**
Fixed assets
Maintenance
Toddlers
Mission giving
Total unrestricted funds|Opening
Balance
£
31,525
25,549
19,158
3,064|2024
Income
Expenditure
Transfers
Closing
Balance
£
£
£
£
158,587
(152,548)
(1,763)
35,801
-
(2,044)
-
23,505
-
(4,422)
4,800
19,536
-
-
(3,064)
-|
|---|---|---|
||**79,296**|158,587
(159,014)
(27)
78,842|
||Opening
Balance
£
30,290
28,367
27,808
2,016
-|2023
Income
Expenditure
Transfers
Closing
Balance
£
£
£
£
148,423
(130,422)
(16,766)
31,525
-
(2,818)
-
25,549
640
(11,690)
2,400
19,158
1,362
(314)
-
3,064
-
(13,808)
13,808
-|
||88,481|**150,425**
**(159,052)**
**(558)**
**79,296**|
Fixed assets fund - Tangible fixed assets held by the PCC
Maintenance **-** Funds put aside each month to cover future maintenance costs, including the Quinquennial review work.
Toddlers - Funds to be used for the running of the toddlers group.
Mission giving - Funds to donate to mission partners.
- 17 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. RESTRICTED FUNDS**
|Church reordering
Cornerstone
Helping hands
Cofee & co
Environmental group
Youth work
Women’s ministry
Men’s ministry
Young at heart
Flowers
St Paul’s school
Primary aged youth work
Staf
Congregatonal gifs
Criccieth Pathfnder Camp
Church weekend
Drum
Total restricted funds|2024
Opening
Income
Expenditure
Investment
Transfers
Closing
Balance
(losses)/gains
Balance
£
£
£
£
£
£
464,284
9,870
-
(18,427)
-
455,727
6,196
450
-
-
-
6,646
3,323
-
-
-
-
3,323
974
-
(17)
-
-
957
979
-
-
-
-
979
-
4,168
(3,033)
-
-
1,135
763
169
(174)
-
-
758
376
1.520
(1,284)
-
-
612
1,100
-
-
-
-
1,100
227
-
-
-
-
208
198
(19)
-
-
198
57
-
-
-
-
57
-
2,356
(2,356)
-
-
-
89
330
(446)
-
27
-
774
-
-
-
-
774
-
8,833
(8,247)
-
-
586
70
-
-
-
-
70|
|---|---|
||**479,410**
27,696
(15,576)
(18,427)
27
473,130|
Church reordering - For use for the new church building and refurbishment of the church premises.
Cornerstone - For use in repair or reconditioning of the fabric of St Paul’s Church building.
Helping hands (Laurie Smith) - For use at the Church leadership’s discretion for use as a hardship fund.
Coffee & co - For the Coffee & co group at St Paul’s.
Environmental group - For the use of the Eco group initiatives.
Youth work - For the youth and children’s work at St Paul’s.
Women’s ministry - For use for women’s ministry (women’s weekend, or events)
Men’s ministry - For use for men’s ministry (women’s weekend, or events)
Young at heart - For the young at heart group at St Paul’s.
Kaleidoscope (2023 only) – For the kaleidoscope service at St Paul’s.
- 18 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. RESTRICTED FUNDS (continued)**
|Church reordering
Cornerstone
Helping hands
Cofee & co
Environmental group
Youth work
Women’s ministry
Men’s ministry
Young at heart
Kaleidoscope
Flowers
St Paul’s school
Technology
Primary aged youth work
Staf
Congregatonal gifs
Criccieth Pathfnder Camp
Church weekend
Drum
Other
Total restricted funds|2023
Opening
Income
Expenditure
Investment
Transfers
Closing
Balance
(losses)/gains
Balance
£
£
£
£
£
£
495,053
11,062
-
(41,831)
-
464,284
5,783
413
-
-
-
6,196
2,723
600
-
-
-
3,323
1,103
-
(129)
-
-
974
1,004
-
(25)
-
-
979
931
919
(1,994)
-
144
-
748
120
(105)
-
-
763
650
1,190
(1,464)
-
-
376
600
500
-
-
-
1,100
584
-
(584)
-
-
-
267
-
(40)
-
-
227
198
-
-
-
-
198
106
-
(106)
-
-
-
32
25
-
-
-
57
-
3,820
(3,820)
-
-
-
-
183
(94)
-
-
89
-
774
-
-
-
774
-
6,165
(6,579)
-
414
-
-
70
-
-
-
70
-
3,137
(3,137)
-
-
-|
|---|---|
||509,782
**28,978**
**(18,077)**
**(41,831)**
**558**
**479,410**|
Flowers – To be spent on flowers for the church.
St Paul’s school – For joint projects between St Paul’s school and St Paul’s church.
Technology (2023 only) – For technology at St Paul’s.
Primary aged youth work – To be spent supporting primary aged children’s work.
Staff – To contribute towards the staff wages and salaries.
Congregational gifts – To be passed on to the members of the congregation as gifts (for example leaving gifts)
Criccieth Pathfinder Camp – Fundraising for the Criccieth Pathfinder Camp
Church weekend – Funds for the annual church weekend.
Drum – Funds for new electronic drum kit.
- 19 -
## **ST PAUL’S HOLGATE PCC**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed assets
Current assets
Current liabilites
Fixed assets
Current assets
Current liabilites|2024
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
23,505
415,724
439,229
71,552
57,487
129,039
(16,215)
(81)
(16,296)|
|---|---|
||78,842
473,130
551,972|
||2023
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
25,549
434,151
459,700
75,505
45,436
120,941
(21,758)
(177)
(21,935)|
||79,296
479,410
558,706|
## **17. RELATED PARTY TRANSACTIONS**
The aggregated donations received from the trustees and their connected persons were £25,927.
There are no other related party transactions in the either year.