REGISTERED CHARITY NifMBER: 1133975 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR PAROCHIAL CHURCH COUTr4CIL OF HOLY SEPULCHRE CAMBRIDGE Staffords Chartered Accountants & Statutory Auditors Unil I, Cambridge House Camboro Business Park oakinon Road, Girton CAMBRIDGE Cambridgeshire CB3 OQH
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE CONTENTS OF THE FINAh'CIAL ST A TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Report of the Independent Auditors Statement of Finaneial Activities 10 Balance Sheet Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial St4tements 14 to 25
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The truslees present their report with the financial stalements of the charity for the year ended 31 December 2024. The trnstees have adopted the p*ovisAons of Accuunting and Reporting by Chariiies.. Statemenl of Recommended Practice applicable to charittes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims We believe that Jesus Christ is God's one and only Son, who offers hope and forgiveness lo all wbo receive Him. 'For God so loved the world that he gave His one and only Son, Ihal whoeveT believ¢ in Him shall not perisb bul hav¢ eternal life. (The Bible, John 3v16) Our vision for Ihe church at St Andrew the Great is as follows.. God's VISIOD for a local church is the display of His glory. God's church displays His grace and wisdom in bringing people from deaih to life, into fellowship with Himself and one another, and to holy lives obedient to His Word individually and as a church family. We seek to live to His glory, loving God and neighbour, under Jesus, lordsbip. In our particular conlexl, we seek to be.. l. A church committed lo pruclaiming "the gospel io CambridEe" People's great¢st need is reeonciliation to God. Togeiher we seek io Proclaim Jesus as Lord and Saviour in a way that is clear and ]lY true to sCripre. Our church life is organised so that we Can help each other grow as disciples and share the gospel in our area. 2. A church committed lo supplying "gospel workers to the world" Our unique location gives us a special opportunity. and responsibility, lo serve Gi)d's mission, locally, natlDnally and internationally. So we work lo train and equip everyone lo serve in the work of the gospel, whether voluntary or paid. To these ends, we are committed to.. The Bibl¢ as God's inspired and sufficient Instment for prlaImIng Jesu5 Christ and for butlding up His followers as mature disciples. Every member ministering the gospel, but some being set apart as pasloT-teachers to prepare God's people for works of SCTViCe. Prayer, re¢ogDising that we are in a spiritual battle, in which we depend on our Sovereign God. The glad use of our time, money and gifts, as God's Spirit has distributed them to each of us, for the sake of Hi5 church, and our mission. Investing in teaching, Iraining and sending. Sacrifice in the service of others, including suffering foT Jesu5 Christ. Supporting one another as a loving church family in all of tlu"s. Public benefit The Holy Sepulchre PCC has considered the Charity Commission's guidance on public benefit, and in particular, the specific guidance on charities for the advanccmcnt of religion. In particular, the PCC try to enable ordinary people to live out Iheir faith as part of the local community ihrough.. l. Worship and prayer, learning about the gospel; and developing their knowledge and Ist in Jesus. 2. Provision of pastoral and practical care for people living in the local community. 3. Missionary and oulreach work. Volunteers The PCC and church staff encourdge church members to serve in an appropriate area of church life and ministry. Approximately 350 people served in this way during 2024. Page I
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activitie$ Our core activities of Sunday services and midweek groups have conlinued steadily throughout 2024. Numbers remain high at OUT first morning service, so we are conlinuing to explor¢ ways of adjusting OUT morning seThryces and supporting church plants. Over the course of the year there were sever&l staff cornings and goings. Robbie Strachan and his family moved to Lincoln for him lo become vicar there, and Ed Underhill has started as his replacement. Aaron Tang returned to Singapore to a ministry rolc there, and Johnny van Es retumed to us to serve as his replacement. Sarah Mercer finished in the office team ond Emily Barton has replaced her. We were glad to add Shelley Rae to the office team. providing vital additional capacity, and Nerena Akuwudike as a women's worker. Doug Regehr joined the team, inittally on an interim basis, as music coordinator, following the unfilled vacancy for music direclor since late 2023. We were joined by new ministry interns, as well as two international interns from Kenya- they are a blessing to the church and we count it a 8real privilege to be involved in their training. The PCC continues to monitor developmenls Ill the Church of England in latIon to safeguarding and "Prayers of Love and Faith" PLF continue to be a cause of profound conceTn that could have major impaet on churches like ours which are wholeheartedly commilted io the biblical and canonical defin2lion of Marriage. As part of ensuring good decision-making and collaborative working, the PC.C has invesled time in developing relevant policy and planning. Ai our Monthly chUh prayer meetings we have been able to hear reports of activities acTOSS the church, and we record profound gratitude to God for His generous answers to our prayer. We are thankfvl lo Him also for the labour5 of so many members of the church farnily in so many ways, seen and unseen. Church Attendatbce The electoral roll at the 2024 APCM showed 485 names (2023 516). The average attendance in person in 2024 was 757 (2023 - 754). We continue to offeT livestreaming of out services, an average of 80 people sign up to this each week (2023 - 86}. FINANCIAL REVIEW Financial position The principal funding sources are regular giving by Sianding order, one off donations, Gift Day, the Jesus Lane Trust and property lelling. Major expenditure is on staff employment costs, staff housing costs, the Ministry Share, grants made by ihe Woild Mission Group, grants made by the UK Mission Group, grants made from Gift Day income, and running and maintenan¢e of the St Andrew Ihe Great ¢hur¢h building. In October 2024, the PCC sold 19 Acrefield Drive for £410.OIK), a house received via a legacy in 2022. Re8erve$ policy The Trustees have agryeed that a sum of at least three months average expenditure of the eharity, or a minimum of £75,000, from general reserves should be maintained in the charity's current accounts to provide fo the short-lern] working capilal requirements of the charity. Financial &ssets in excess of agreed reserves may be otherwise invested in a¢coTdan¢e with this policy 10 provide a return. In 2ddition, the Trustees agree that the Re8toratiOT) Fund should be invested appropriately until required. The Restordtion Fund is used to hold money set aside for restoration and repairs of Si Andrew the Great and Round Chutch buildings. The Vicar's Discretionary Fund was sel up during 2012 as a restricled fund for discretionary payments authorised by the Vicar and Wardens to people in need. FUTURE PLANS As ever, the PCC intends to conlinue its main aim of promoting the gospel in CambTidge and beyond. Page 2
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Charity Constitution The Parochial Church Council is a COFporale body estsblished by and operating under the Paruchial Church Councils (Powers) Measure 1956. The PCC is registered with the Charity Commission as "The Parochial Church Council of the Ecclesiastical Parish of Holy Sepul¢hre, Cambridge" with registration number 1133975. The PCC has the responsibility of co-operating with the vi¢ar, Rev Alasdair Paine, in promoting in Cambridge the whole mission of the church. It also has responsibilities for the financial affairs of the church and for care and maintenance of Si Andrew the Great Church and Holy Sepulchre Church (the Round Church), Committees The PCC operates through a number of committees. which meet between full meelings of the PCC. Finance and StaT]ding Committee - This committee, required by law, has the power lo Iransaci the business of the PCC between its meetings, subject lo any directions given by the PCC.. It also oversees the general financial aspects of the work of the church by monitoring income and expCndittL, budgeting and co-ordinating the annual Gift Day. Remuneration Commitlee below. A su0mmIttee of the Finance and Stsnding Committee. see 'Remuneration of Staff Property Committee - Attends to matters conceming the stewardship of all buildiT]gs used by the church. World Mission Group - Co-ordinates the use of a budget provided by the PCC for the support of mission work outside the UK UK Mission GTOUP - Co-ordinates the use of a budget provided by the PCC for the support of mission work in ihe UK. Safeguarding Commitlee The Tesponsibility of the Safeguarding Committee is to support ihe Parish Safeguarding Officers and to assist the PCC and the Vicar in their oversight of the implementation of the PCC'S Safeguarding Policy. The Vicar is responsible for day lo day pastoral and operational management assisted by the Senior Siaff team (Associate Vicar (families), Associate Vicar (Students), Women's Workers, Inlernalionals Pastor, Inlernalionals Worker, 20's and 30's Pastor and Senior Administrator) and the wider staff team. Grantmaking As noted above, the World Mission Group and UK Mission Group make grants for those pury)oses in line with the budgel sel by the PCC. For the annual Gift Day, the PCC decides on the recipients and communicates this to church members, and grants all of the funds raised plus Gift Aid to those recipients. In addition, the PCC makes some discretionary grants in line with its objectives. All grants are detailed in the notes to the accounts. Induction and training of neiv trustees MembeTS of thc PCC are Charity Trustees. All new members are sent a welcome letter to explain their responsibilities as trustees, and the Church of England's booklet, 'Truste¢ship, an introduction for PCC Members,, which explaTrns both the Charity Commission and Church of England r¢quirem¢nts. Induction is Provided by ihc Chair of Ihe PCC at the first PCC meeting after the APC.M. Staff remuneration The Remunerdlion Commiltee Consisting of a Chur¢hward¢n, the Tr¢asur¢r and another church m¢mber detem)in¢s employment packages for reeommeDdatioD lo the Financ¢ and Standing Committe¢. Stipends for pastoral staff are linked (o the Ely Diocesan rates for Church of England ¢l¢rgy and stipends for administration 5tsff are loosely based on Ihe UniveT5ity of Cambridge salary scales. Page 3
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRucfuRE, GOVERNANCE AND IIIANAGEMENT Fundraising The PCC does nol raise funds from the general public or use any third parties for fundraising activities. The PCC encourzgcs church members to consider the Bible'5 leaching on giving and, if members choose to give to the PCC, encourages giving by standing order with Gift Aid declarations to ensure giving in a tax efficient manner. All giving is ompldely confidential between the giver aT]d the finance team. Each year the church has a 'Gift Day, for specific projects, which is communicated to church members in Sunday services and by email, NNith giving by bank transfer or cheque. For general donations we also have a 'Paya' contactless card machine in the building which allows people to give by credit or debil card. Risk Management The major risks lo which the PCC is exposed. and epS taken to miligale those risks are as follows.. l. Safeguarding of children and vulnerable adults-see below. 2. Significant damage to any of our buildings - Insurnnce policies are in place to cover damage to St Andrew Ihe Great, th¢ Round Church and PCC owned houses. Non compliance with employment, financial or health and safely regulations- We have public liabilily and employer liability insurance, written financial proeedur¢s and written health and safety procedures. Financial stability. The Financc dnd Standing Cornmittce scts aT] annual budget, regularly reviews managemenl accounts compared to this budget, and make5 key spending decision5. The PCC maintsins a complele Risk Register covering financial, operational, governanee, regulatory, external and spirittwl risks and corresponding miiigaiion measures. Safeguarding The PCC has had due regard to the Huuse (Trf Bishops, guidance in relation to safeguarding and has a fully compliant safeguardtng Policy whi¢h 15 displayed at wMv.stag.orglsafeguarding. The Policy has been reviewed by the DioLesan safeguarding team and is updated regularly as appropriate. The church has two parish Safeguarding Offieers, a Safeguarditkg Con]mittee, and two Children's Advocates. All staff, officials and small group leaders have been recruited safely. REFERENCE AND ADMINISTRATJVE DETAJLS Registered Charity number 1133975 Prinelpal address St Andrew the GTeat Church St Andrew's Sir¢et CAMBRIDGE Cambridgeshire CB2 3AX Page 4
PAROCHIAL CHURCH COU'NCIL OF HOLY SEPULCHRE CAMBRIDGE REPORT OF THE TRUSTEES FOR THE YEAR EINDED 31 DECEMBER 2024 Trustees Rev A Paine Vicar Rev Dr J Percival Assoctate Vicar (Familtes) Rev R Strachan Associate Vicar (Siudenls} (resigned 21512024) Rev E Underhill Associate Vicar (Students) (appointed 71712024) Dr U Akuwudike C.hurchwarden to 1716124. Diocesan Synod Representative Mr J Roberts Churchwarden elect from 171412024, Churehwarden from 1716124. Mr N Clarey Churchwarden Dr T Nye Asslstant Cburchwarden Mr A Nornlan Assistant Churchwarden (from 291412024) Mr C J Townsend General Synod Representative Mr P Jani G¢n¢ral Synod Represenlative (from 011612024) Mrs S Robinson Diocesan Synod Represenlative Mr T CJleed-Owen Deanery Synod Represenlative Mrs F Tustin Deanery Synod Representative (resigned 171412024) Dr S Walley PCC Secretsry Mr M Baker Treasurer and Elected Member Mr D Barry Elected Member (resigned 171412024) Dr L Brereton Elected Member Mrs P Chan EleLted Member Miss C Dennison Elected Member and Diocesan Synod Representslive Mrs G Featherstone Elected Member and Diocesan Synod Representative Mr P LorE Elected Member Mrs A Lovelock Elected Member Mr D Rignall Deanery Synod Representative Mr J Wee Eleeled Member Mrs K West Elected Member Mrs L Kwa Elecled Member (appointed 171412024) Mrs R Leese Elecled Member (appointed 171412024) Auditors Siaffords Chartered Accountants & Statutory Auditors Unli I, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 OQH Bgnkers CAF Bank Limited 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME194TA STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees aTe responsible for preparing the Report of the Truslees and the financial staternenls in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice). Page 5
PAROCHIAL CHLTRCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued The law applicable to ¢harili¢s in England and Wales, the Charities Acl 2011. Charity (Accounls and Reports} Regulations 2008 and the provisions of the Irusl deed requires the trustees to prepare financial slatemenls for each financial year which give a true and fair view of the te of affairs of ihe charity and of the incoming resources and application of resources, including ihe income and expenditure, of the charity for thal period. IT] PTeparing those financial statement4 the tTUStees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP,. make judgements and eslimales thal are reasonable and pCnl- stale whether applicable accounting standards have been followe subject lo 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 business. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accurncy ai any time the financial position of the chaTity and to ¢nable them lo ensure that ihe financial statements comply with the Charities Act 2011, Ihe Charily (Accounts and Reports) Regulations 2008 and the provisions of the tnist deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for th¢ PTevention and detection of fraud and oiher IegUla)ll1es. 1310612025 Approved by order of the iM)ard of trustees on.............................. .. . . and signed on its behalf by.. Rev A Paine - Trustee Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE Opinion We have audited the financial ststements of Parochial Church Council of Holy Sepulchre Cambridge (the 'eharity') for lh¢ year ended 31 December 2024 which comprise the Stsiemenl of Financial Activities, the Balance Sheet, the Cash Flow Statement and noles to the fll)ancial statements, including a summary of significant accountiT]g policies. The financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Standards (United Kingdom Gen¢rnlly Accepted Accounling Practice). In our opinion the financial slatemenls: give a true and fair view of the slate of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Ae¢epled Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act 2011. BASIS for oplnlon We conducied our audil in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independenl of the charity in ac¢ordance with the ethical requirernenls that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other eihical responsibililies in accordance with Ihese requirernenls. We believe ihal the audit evidence we have obiained is sutTicAent and appropriale to provide a basis for our opinion. Conelusions relating to going eoneerD In auditing the financial statements, we have concluded that the Irnstees, use of the going concern basis of accounting ID the preparation of the financial statemenis is appropriate. Based on the work we have perfonned, we have not identified any maierial uncertainlies relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going concen) for a period of al least twelve months from when the fmanLial stalemenls auihorised for issue. Our responsibililies and the responsibilities of the trustees Wlth respect to going concern are described in the relevant section5 of this report. Other information The Irustees are responsible for the other infonnation. The other information ¢omprises the infom)alion included in the Annual R¢pon, oiher than the financial statemen15 and Our Repvrt of the Independent Auditors thereon. Our opinion on the financial 5talements does not cover the other inforniation and. except to the extent otherwise expliciily slated in our report, we do not express any fomi of assurance conclusion Ihereon. In connection with our audit of the financial statements, our responsibility is to read the other inforn)&tion and. in doing so, consider whether the other inforn)ation is malerially inconsistenl with the financial statcmcnts or our knowlcdge obtained in the audil or othenvise appears to be materially misstaled. If we identify such material inconsistencies or apparent material tnisslatemenls, we arc required to deterniine whether this gives rise to a material misstalemenl in the financial statements themselves. If, based on the work we have perfornied. we conclude ihat there is a material misstatemeni of this other infom]ation, we are required to report thai fact. We have nothing to report in this regard. Matters on which Ive are required to report by exception We have nothing to report in respect of the following matters where the Charities (Ae¢ounts and Reports) Regulations 2008 requires us to report to you if, in our opinion-. the inforrnation given in the Report of the Trustees is inconsisfrnl in any malerial respect with the financial staicmenls- or sufficient accounting records have not been kept. or the financial statemenis are not in agreemeni with the accounting records and returns. or we have not received all the inf0mtIOn and explanations we require for our audit. Page 7
REPORT OF THE IIIDEPENDENT AUDITORS TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE Responsibilities of trustees A5 explained more 1]Y in the Statement of Trustees, Responsibilities, the Iruslees are responsible for the preparation of the financial statements which give a twe and fair view, and for such intemal control as the trustees deterniine is necessary lo enable ihe prtparation of financial Sthlemenls thai are free from material misslalemenl, whether due lo fraud or error. In preparing the financial statements, the trnstees aTe responsible for assessing the charity's ability to ¢ontinue as a going concern, disclosiT]g, as applicable, matters related to going concern and using the going concern basis of a¢counting unless the twstees either intend lo liquidate Ihe charity or to cease operalions, or have no realistic aliernative but to do so. Our responsibilitie5 foT the audil of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 201 l and report in accordance with the Acl and relevant Tegulations rnade or having effect thereunder. Our objeclii'es are to obtain reasonable assurance about whether the financial siatements as a whole are free from material misstatement, whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assllrance is a high level of assurance, bul is not A guaranlce that an audit conducted in accordance with ISAS (UK) will always detecl a material misstatement when it exists. Misslaiemenis can arise from fraud or error and sre Considered Material if, individually or in the aggregate, they Could reasonably be expected lo influence the econoTnic d¢¢ision5 of users taken on thc basi5 of ih¢s¢ financial statements. The extent to which our procedures are Capable of ddectin8 ]egularitIeS, including fraud is detailed below.. We have obtalned an understanding of the legal and regulatory framework Mpplicable to the charity, focusing on provisions of those laws and regulations that had a d5.rect effect on the detemiination of material amounts and disclosijres in the Financial Statements. We have considered the nature of the control environment and business framework, including the design of the charity's remuneration policies. We have enquired of management in regard to their own assessment of the risks of irregularities, including fraud. We have obtained relevant documentation and representations in order to fomi an opinion on potential itTegularities. including fraud. We have reviewed the charity's documentsiion of iheir policies and procedures relating lo identifying. evalualing, and complylng with laws and regulations, detecting and responding to the risks of frau(L and the internal controls established lo mitigate the risks of frdud and non-compliance with laivs and regulations. Audit procedures perforn)ed during Ihc audit included transaction lesiing with a focus on areas of judgement and estimations, and entries detem]ined to be large or relating to unusual transaclions. These audit procedures are designed lo provid¢ r¢asonable assuran¢¢ that the Finan¢Tal Stat¢m¢nls w¢r¢ free from fraud or eTTor. However, detecting irregulaTities that rcsult from fraud is inherently more difficult than detecting thosc ihat r¢sult from error, as those irregularities that result from fraud may involv¢ collusion, d¢lib¢rate concealment, forgery or intentional misrepresentations. No instances of non conipliance wilh laws and regulations or of fraud were communicated to us during the P4udit. A fiJTther description of our respoDsibiliti¢s for th¢ audit of Ihe financial statements is located on the Financial R¢porting Council's web51te al www.fTC.org.uLlauditorsresponsibililies. This description forms part of our Report of the Ind¢pend¢nt Auditors. Page 8
REPORT OF THE ITDEPENDENT AUDITORS TO THE TRUSTEES OF PAROCHIAL CHURCH COUTrCIL OF HOLY SEPULCHRE CAMBRIDGE Use of our report This report is made solely to the charity's tmstees, as a body, in accordance with Part 4 ot the Charilies (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to slate to them in an auditors, report and for no other puOSe. To the fullest extenl pennitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have forn)ed. Staffo nered Accountants & Statutory Auditors Unit I, Cambridge House Caml)oro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 OQH Date: .. Page 9
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Toial funds 2023 Total funds UnrestTl¢ted funds R¢siri¢ted fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 802,109 210,041 ,012,150 1,040,667 Charitable activities Charitable Activities 142,528 142,528 160.916 Investment income 8,623 8,623 6,162 Total 953.260 210,041 1.163,301 1.207.745 EXPENDITURE ON Charilable a¢tivities Charitable Athivities 1078 134 1911,686 1,276 820 1.255 960 NET INCOMEI(EXPENDITURE) (124,874) 11,355 (113.519) (48,215) RECONCILIATION OF FUNDS Total funds brought forward 1.239,829 2.821 1.242.650 1.290,865 TOTAL FUNDS CARRIED FORWARD 1,114,955 14,176 1 129,131 1242 650 The noles forni part of these financial statements Page 10
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBIUDGE BALAIYCE SHEET 31 DECEMBER 2024 2024 Tolal funds 2023 Total funds Unreslricted funds Restricted funds Notes FIXED ASSETS Tanble assets 14 509.117 509.117 933.681 CURRENT ASSETS Stock5 Debtors Cash at bank and in hand 15 16 3,426 36,584 625.811 3,426 36,584 639.987 3,919 34,727 416.729 14.176 665,821 14,176 679,997 455,375 CREDITORS Amounts falling due within one year 17 (59,983) (59,983) (146,406) NET CURRENT ASSETS 605,838 14,176 620 014 308,969 TOTAL ASSETS LESS CURRENT LIABILITIES ,114,955 14,176 ,129,131 1,242,650 NET ASSETS 1,114.955 14,176 1.129.131 1.242.650 FUNDS Unrestricted fijnds Restricted fijnds 19 1,114,955 14.176 1,239.829 2.821 TOTAL FUIYDS 1,129,131 1,242,650 The fin 12f0612025 n¢Tal statements W¢Te approved by the Board of Trustees and authorised for issue on . and were sI¢d on its behalf by: Rev A Paine - Trustee I,,.L f J ri, 11 Mr M Baker - Truslee The notes foTm part of these finan¢ial statements Page I
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBIUDGE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operatlng aetivitie$ Cash generated from operations 193,737) 50.622 N¢t cash (used in)/provided by operating activities 193,737) 50,622 C*sh flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Inleresl received (1,628) 410,0(M) 8,623 6,162 Nel cash provided by investing activities 416 995 6,162 Change in cash and cxsh equivalents in the reporting period C85h and cash equivalents at the beginning of the reporting period 223,258 56,784 416.729 359.945 Cash and eash equlv&leht$ at the end of the reporting period 639 987 416,729 The notes forni part of these financial stalemenls Page 12
PAROCHIAL CIIURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATIOY OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expendlture for the reporting period (as per the Statement of Finan¢ial Attivfitkes) Adjustments for: Depreciation charges Loss on disposal of ftxed assets Interest received D¢creasel(in¢rease) ID Stocks (Increase)/decrease in debtors (Decrease)lincrease in creditors (113,519) (48,215) 1,192 15,000 {8,623) 493 {1,857) 86,423) 2,169 (6,162} (456) 13,708 Net cash (used in)Iprovided by operations 193 737) ANALYSIS OF CHANGES IN NET FUNDS At 111124 Cash flow Ai 31112124 Net cash Cash at bank and in hand 416,729 223,258 639,987 416,729 223,258 639,987 Total 416,729 223,258 639,987 The notes fonn part of these financial stalernents Page 13
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 LEGAL FORM The Parwhial Church Council is a COOrate body established by ihe Church of England and operates undcr the Paroehj'al Church Councils (Powers) Measurc 1956 as currently arnend¢d and the Church Representation Rules as currently amended. The Churchwardens Measure 2001 is also applicable. The Church is a chaIity regislered in England and Wales numbeT 1133975. The address is St Andrew the Great Church, St Andrew's Street, Cambridge, CB2 3AX. ACCOUNTING POLICIES Bgsis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the c.harities SORP (FRS 102) 'Accounling and Reporting by C.harilies'. Statement of Recommendcd Practice applicabl¢ to charities preparing ihcir accounts in accordance with the Ftnancial Reporting Stxndard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reponing Standard applicable in ihe UK and Republic of Ireland, and the Charities Act 2011. The financial slatemcnls have been prcpared under the histOTical Cost onvention. Going coneern The Tnlstees have a reasonable expectation that the PCC has ad4uate resources to continue in operational existence tor the foreseeable future and the PCC is well pla¢¢d to manage its operating risks. Ac¢ordingly, they continue to adopt the going concern basis ID preparing the annual report and accounts. Income All income is recognised in the Siatemenl of Financial Activities once the charity has entitlement to the funds, it is probable thal the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion committing the charity to ihat expenditure, it is probable that a transfer of economic benefits will be required in settlemenl and Ihe amounl of the obligation can be measured reliably. Expenditure is aoUnted for on an ac¢ruals basis and has been classified under headings that aggregate all cost related lo the calegory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject lo conditions which have not been mel at the year end dale are noted as a commitment but not accrued as expendtture. Tangible fixed assets Depreciation is provided at the follo7ng annual rates in order to write off each asset over its estirnated useful life. FiXreS and fittings at varying rates on cost Consecrated and beneficed propery is not included in the accounts in accordance with Sl O(2)(a) and (c} of the Charities Acl 201 l. No value is plac¢d on moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this io be inalienable propety- All expenditure Incued during the year on conseL'rnled or benefice buildings and moveable church furnishings, whether maintenanc¢ or improvement. is Titten off as expenditure in the SL2tement of Financial Activities and separately disclosed. Page 14 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBIUDGE NOTES TO THE FINANCIAL STATEIENTs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- continued Tangible fixed Ydssets Freehold land and buildings are valued at historical cost {excepi for the valuation of I Pretoria Road in Note 14 to the accounts.) No deprecialivn is provided for on Freehold land and buildings due to their high residual value. Stocks Siocks are valued al the lower of cost and nel realisable value, after making due allowance for obsolete &nd slow moving items. TaxatlOD The charity is exempi from tax on its charitsble activities. Fund accounting Unrestricted funds can be used in accordance with Ihe charitable objectives al the discretion of the trustees. Reslricled funds Lan only be used for particular restricted purposes within the objects of Ihe charity. Restrirtions arise 'hen specifjed by the donor or when funds are raised for particular reslricted purposes. Further explanation of the nature and purpose of each fund is included in the noles lo the financial statements. Pension Costs and other post-retirement benefits The charity operaies a defined contribution pension scheme. Contributions payable lo the charity's pension scheme are charged to the Ststem¢nt of Financial Activilies in the period to which they relate. One mernber of 5tsff is a rnembeT of the Church of England Funded Pension Scheme, a defined benefit scheme. Contribulions payable to ihis scheme, less deficit recovery payments, are charged io the Statement of Financial Aclivities Account so as to spread the cost of the pension over the employee's expected worktng life. The pen.sion charge is calculated on the basis of actuarial advice. These contributions are invested separately from Ihe charily's assets. Under Seclion 28 of FRS102 provision is made for agreed defi¢it reduction payments. DONATIONS AND LEGACIES 2024 2023 Gifts Donations Legacies Grants 167,447 722,699 153,628 728,758 6,271 152.010 122,004 1,012,150 1040,667 Grants receive¢ included in the above, are as follows.. 2024 2023 Jesus Lane Trust 122,004 152.010 Page 15 conlinued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBIUDGE NOTES TO THE FINA]YCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECE.MBER 2024 INVESTMENT INCOME 2024 2023 Deposit account interesl 8.623 6,162 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivily Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Events Property Letting5 B(iok Siall Fees & Royaliies Church life 43,615 68,008 2,244 3,013 25,648 46.523 82,081 1,434 2,884 142,528 160,916 CHAIUTABLE ACTIVITIES COSTS Grant funding of activities (see note 7} Support costs (see note 8} Direct Costs Totals Charitable Activities 956,173 294,752 25,895 1.276,820 The PCC has one aciivity which is Church Based Minislry. GRANTS PAYABLE 2024 2023 Charitable A¢tivities 294,752 294.317 Grants payable comprise grants to various C'hnstian charities located both within the UK and worldivide. Grants payable include £65.417 (2023'.£NIL) paid to the Ephesian Fund (charity 1206489}. and £91.017 (2023'.£99,935) paid lo the Church of England Evangelical Council {¢harity 1104514) Page 16 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS Governance costs Management Finance Totsls Charitable Activities 17,289 3,806 4,800 25,895 AUDITORS, REMUNERATION 2024 2023 Feeg payable to the charity's auditors for th¢ audit of the charity's financial stsiements 4,800 4,800 io. TRUSTEES, REMUNERATION LND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses During the year 3 trustees. in their capacity as p8510rn1 staff memiKrs were reimbursed for expenses totalling £810 (2023..£1.854). STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 424,208 38,336 54,019 369,494 31,924 54,166 516,563 455,584 The average monthly number of employees during Ihe year was as follows.. 2024 16 2023 16 Church staff No employees received emolurncnls in excess of £60,000. During the year remuneTation received by key management personnel lotalled £215,843 (2023'.£177,307). Page 17 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBtUDGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 12. COMPARATI1s FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2023 2023 Restricted funds 2023 Total funds Unrcslricled fimds INCOME AND ENDOWMENTS FROM Donations and legacies 805,818 234,849 1,040,667 Charitable activities Charitable Activities 160,916 160,916 Investhient income 6,162 6,162 Total 972,896 234,849 1.207,745 EXPENDITURE ON Charitable activities Charitablc Activities 1,022.682 233,278 1.255,960 NET INCOMElffXPENDITURE) (49,786) 1,571 (48.215) RECONCILIATION OF FUNDS Totsl funds brought fonvard ,289,615 1,250 1,290,865 TOTAL FUNDS CARRIED FORWARD 1,239,829 2,821 1242 650 13. VOLUNTEERS The PCC and ehurch staff encourdge church members 10 Serve in an appropriate area of ¢hurch life and ministry. Approxirnately 350 people served in this Mway during 2024. Page 18 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE IYOTES TO THE FINANCIAL STATEMEIYTS- eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 14. TANGIBLE FLXED ASSETS Fixtures and fittings Freehold property Totals COST At l January 2024 Addittons Disposals 969,993 161,005 1,628 1,130,998 1,628 425 000) 425 (K>O) Ai 31 De¢ember 2024 544,993 162,633 707,626 DEPRECIATION At l January 2024 Charge for year 42,585 154,732 197,317 At 31 December 2024 42,585 155,924 198,509 NET BOOK VALUE At 31 December 2024 502.408 6.709 509.117 At 31 December 2023 927.408 6.273 933 681 15. STOCKS 2024 2023 Stocks 3,426 3.919 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Gifi Aid Recoverable Prepayments and accnled income 425 18,400 15.902 11,458 25,126 36,584 34,727 Page 19 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 17. CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 2024 2023 Trade creditors Soci81 security and other tsxes Other creditors Accruals Deferred income 16,467 9,741 4,863 7,812 21.100 15,925 7,789 3,880 100,437 18,375 59,983 146,406 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operaling leases fall du¢ as follows= 2024 2023 Within one year 33,117 21,000 19. MOVEMENT IN FUIYDS Net movement in funds Transfers between funds At 31112124 At 111124 Unrestrleted funds General fund Designated Ministry Fund Designated Contingency Fund Designated Rebloralion Fund Revaluation resern'e 783,472 47,000 15,357 200,000 194,000 {124,874) 62,357 (47,OIK)) {15,357) 720,955 200,000 194,000 1,239,829 (124,874) .114.955 Restricted funds Vicar's Discyelionary Fund Specific Gifts Fund 1,875 946 12,301 946) 14,176 2.821 11,355 14,176 TOTAL FUNDS 1.242 650 1113.519) 1,129,131 Page 20 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Nel movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fimds Unrestricted funds General fimd 953,260 {1,078.134) (124,874) Restricted funds Jesus Lane Trust Vica¢s Discretionary Fund Specific Gifts Fund Gift Day 2023 Gift Day 2024 122,004 12,500 2,744 875 71,918 (122,004) (199) (3,690) (875) 71,918) 12,301 (946) 210,041 198,686) 11,355 TOTAL FUNDS 1,163,301 1,276,820) 113,519) Comparatlve$ for movement in funds Net movement in funds At 31112123 Ai 111123 Unrestrltted funds General fund Designaled Ministry Fund Designaled Conlingency Fund Designaled Resloralion Fund Revaluation reSee 833,258 47,000 15,357 200,000 194,000 (49,786) 783.472 47,000 15,357 200,000 194,000 1,289.615 (49,786) .239,829 Restricted funds Vicar's Discretionary Fund Specific Gifts Fund 1,875 304) 1,875 946 1,250 1,250 1,571 2,821 TOTAL FUNDS 1,290,865 (48,215) 1,242,650 Page21 conttnued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE ]YOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in ihe above are as follows- Incoming Tesources Resources expended Movement in fund.s Unrestricted fund$ General fund 972.896 (1.022.682} (49,786) Restricted funds Jesus Lane Trust Vicar's Discrettonary Fund Specific Gifts Fund Gifi Day 2022 Gift Day 2023 152,010 6,875 9,708 6,562 (152.010) (5,000) (10,012) (6,562) 59,694) 1.875 (304) 234,849 233,278 1.571 TOTAL FUNDS 1,207.745 1,255 960) 48,215) A current year 12 months and prior year 12 months combined posltion is as follows: Net movement in funds Transfers betw¢en nds At 31112124 Ai 111123 Unrestricted fund$ General fund Designated Ministry Fund Designated Contingency Fund Designated Resloration Fund Revaluation reSee 833,258 47,000 15,357 200,000 194,000 (174,660) 720.955 (47,000) (15,357) 200,000 194 000 1,289.615 (174.660) 1.114,955 Restritted funds Vicar's Discretionary Fund Specifie Gifts Fund 14,176 ,250) 14,176 1,250 1,250 12,926 14,176 TOTAL FUIYDS 1,290,865 {161,734) 1,129,131 Page 22 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN FUNDS- continued A CUent year 12 months and piior year 12 months combined nel movemenl in funds, included in the above are as follows.. Incoming re50ur¢e5 Resources expended Movement in funds Unrestricted funds Genernl fijnd ,926,156 (2.100,816) {174.660) Restritted funds Jesus Lane Trusi Vicar's Discretionary Fund Specific Gifts Fund Gift Day 2022 Gift Day 2023 Gift Day 2024 274,014 19,375 12,452 6,562 60,569 71,918 {274,014) (5,199) (13,702) (6,562) (60,569) 71.918) 14,176 (1.250} 444.890 431964) 12,926 TOTAL FUNDS 2.371,046 2,532,780) 161,7341 RESTRICTED FUNDS Jesus Lane Trust Grants from the Jesus Lane TThst which are used for paying the salaries of the studenl workers. Specific Gifts Fund Gifts to the church which are nominated for a specific recipient. Vicar's Discretionary Fund These are discreiionary payments lo persons in need and covered by a Iransfer from unreslricled lunds. Gift Day 2022 A one off appeal was held in Novembcr 2022 to rdise funds for AngliLan International Development (£20.IK)O), iserve Africa UK TTUSt (£15,000) and the Matthew. Ministry (the remainder) Gift Day 2023 A one off appeal was held in November 2023 to taise fi]nds for iserve Africa UK Trust (£15,000). Gospel Ministry Support Trusl (£20,000) and the Maiihew Minisiry (the remainder) Gift Day 2024 A one off appeal was held in May 2024 to rdise funds for iserve Africa UK Trust (£30,000), Gospel Partners Trust {£20,000) and the Matthew Ministy (the remainder). DESIGNATED FUNDS Contingeney Fund Fund represents a legacy from a previous vicar of the church and a legacy received in May 2014 and was considered as a contingency. Page 23 continued...
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Re$tor4tion Fund For restoralion and repairs of any church buildings. Ministry Fund Funds sel aside for ihe funding of (Jospel initiatives as authorised by the PCC. Transfer$ behveen fuDds A transfer of £47,000 was made from the Designated Ministry Fund to the General Fund and a transfer of £15,357 was made from the tksignated Contingency Fund to the G¢neral Fund to r¢flc¢t th¢ decision of the PCC to discontinue these fidS during 2024. 20. EMPLOYEE BENEFIT OBLIGATIONS The Parochial Church Council of Holy Sepulchre, Cambridge participates in the Church of England Funded Pensions Scheme for stipendiary clergy, a defined benefit pension scheme. This scheme is administered by the Church of England Pensions Board. which holds the assets of the scheme separately from those of the Responsible Bodies. Each participating Responsible Body in the Church of England Funded Pensions Scheme pays contributions al a common contribulion rate applied to pensionable siipends. The scheme is considered io be a mulii<mployer scheme as described in Section 28 of FRS 102. 11 is not possible to attribute the Scheme's assets and liabilities lo each speL'ific Responsible Body, and this means contribLrtions are accounted for as if the Scheme were a defined contribution sch¢me. The pensions costs charged to the SOFA in the year are contributions payable toward5 benefits and expense5 ac¢rued in thal year, which weTe £6,730 in 2024 (2023.. £7,051), plus any figures arising from Contributions respect of ihe Scheme's deficit (see below). The 2021 valualion showed the Scheme to be fully nded and as such in 2024, following the valuation results being agreed. the deficil contributions paid were £0 {2023= £0). A valuation of the Scheme is cattied out once every three years. The most recent Scheme valuation Completed was carried out at as 31 December 2021. The 2021 valuation revealed a surplus of £560m, based on assets of £2,720m and a funding targ¢l of £2,160m. assessed using thc following assumptiOTJS'. An average discounl rate of 2.70/tr pa. RPI inflation ofJ.60/0 pa (and pension increases consistent with ihis),. CPIH inflation in Ilne with RPI less 0.81. pa pre 2030 moving lo RPI with no adjuslmeni from 2030 onwards. Increases in pensionable Stipends in line with CPIH- Mortality in 8¢¢ordance with 900/u of the S3NA tables. with allowance for improvernen15 in mortality rales from 2013 in line wilh the CM12020 exlended model with a long lern) annual rale of improvement of 1.50/0, smoothing parameter of 7, an inilial addition to mortality improvements of 0.5 % pa and an allowance for 2020 data of 00/0 (i.e. w2020- /Tr). Following finalisation of the 31 December 2021 valuation, deficit contributions ceased with effect from I January 2023, since the Scheme was fully funded. The deficil recovery conlribulions under the recovery plan in force at each 31 December were as follows: Page 24 ontinued.-.
PAROCHIAL CHURCH COUNCIL OF HOLY SEPULCHRE CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 20. EMPLOYEE BENEFIT OBLIGATIONS - eontinued /0 of pensionable stipends 31 December 20217.10/0 payable from January 2021 to December 2022 31 December 2022 Nil 31 December 2023 Nil 31 December 2024 Nil An interim reduction lo deficit conlribulions lo 3.20/0 of pensionable slipends was made with ¢ffe¢t from Aprtl 2022, and remained in place until D¢¢¢mber 2022. For s¢nioT office holders. pensioTJable stipends are adjusted in the calculations by a multiple, as set out in the Scheme's rules. Section 28.1 l A of FRS 102 requires agreed deficit recovery paymenls lo be recognised as a liability. However, as there were no deficit recovery payments from l January 2023 onwards, Ihe balance sheet liability as at 31 December 2023 and 31 December 2024 is Nil. The legal structure of the scheme 15 such that if another Representative Body fails, Holy Sepulchre PCC could become responsible for paying a share of that Responsible Body's pension liabtlilies. 21. RELATED PARTY DISCLOSVRES The Jesus Lane Trusi has tTUStees in common with the PCC (Rev A Paine and Mr P Jani). The Jesus Lane Tst made a grant of £122,004 (2023 £152,010) to the PCC, as shown tn Note 3, for the salaries and part of the housing costs of 4 Student Workers. Th¢ Jesu5 Lane Trust also reimbursed the PCC for expenses incurred for Ministry Intcrns of £30,209 (2023 £19,357). At the year cnd. The Jesus Lant Trust owed nil (2023 £425110 Ihe PCC. The Ephesian Fund (charity 1206489) has one trustee in Common (Mr P Jani). During the year the PCC granted £65,417 (2023 Nil) to The Ephesian Fund. Grants before August 2024 were made to the Chur¢h of England Evangelical Council (charity 1104514). Renew Conference has one Islee in common (Mr P Jani). DuTing the year the PCC granted £6,600 (2023 £6,000) lo Renew Conference. The Ely Diocesan Board of Finance has two trustees in comrnon (Mr5 S Robinson and Mr C Townsend). It funds the cost of Rev A Paine and Rev Dr J Percival and recharges the c05t of Rev E Underhill (from July 2024) and Rev R Strachan (lo April 2024) lo the PCC. During ihe year PCC members and their close family members donated a lotal of £120,840 (2023 - £109,585) to the PCC Page 25