The Parish of Yate PCC Annual Report And Financial Statements Year Ended 31 December 2024 (In line with the terms of the Charities Acts of 2011 & 2022 & the Church Representation Rules) Parish Number 55/180 Registered Charity number: 1133980 St Mary’s Church, Yate St Nicholas’ Church, Abbotswood St James’ Church, Westerleigh St Peter’s Church, Wapley Deanery of Kingswood & South Gloucestershire Archdeaconry of Malmesbury Diocese of Bristol ## Mission Statement Making Jesus Visible ## The Trustees The members of the PCC are the Trustees of the charity and share the responsibility with the Ministry Team for promoting the whole work of the Church in the ecclesiastical parish. Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. Team Rector The Revd Ian Wallace Associate Ministers The Revd. Hywel Snook, The Revd. Chris Ainslie, The Revd. Joanne Hodge, The Revd. David Jones, Curates The Revd. Wanda Morris PCC Secretary Mrs Pamela Brown PCC Treasurer Mr Stephen Lord Church Wardens Mr John Cornforth, Mrs Claire Hayward, Mrs Mary Farrell (fin. April 24) St Mary Mrs June Powell, Mrs Michaela Mackenzie (from April 2024) St James Mrs Helen Belcher (April 2024) St Nicholas Mrs Shirley Dando (fin. April 2024), Mr Henry Shiles St Peter ## Deanery Synod Representatives Mrs June Powell (St J), Mrs Diana Carter (St N), Mrs Jean Yates (from April to Nov 2024) (St M), Mrs Christine Dolton (St P) ## Elected PCC Members Three members from each DCC of which one is to be the DCC Finance Officer. Mrs Heather Smith (fin. Oct 2024); Mrs Mary Perks; Mrs Clare Hayward (fin April), - Mrs Mary Farrell (from April) St Mary Mrs Diana Carter; Ros Bailey (fin. April), Debbie Foster (fin June), Mrs Christine Ward Mrs Mrs Christine Dolton (from April) - St Nicholas Mrs Kathryn Mills (fin April); Mrs Joy Archer (Fin April); Carol Goddard (fin April) Mr Stephen Pople (from April) - St James Mrs Janet Williams(fin April); Mr. Wulstan Perks; Jenny Shiles (from April) - St Peter ## Co-opted PCC Members There are currently no co-opted members of the PCC. ## PCC Standing Committee Revd Ian Wallace (Chair); Mrs Pamela Brown (Secretary); Mrs Claire Hayward; Mrs Mary Farrell; Mr John Cornforth (St M); Mr Henry Shiles (St P); Mrs June Powell (St J); Mrs. Michael Mackenzie (from April) Mrs Christine Dolton (Bookkeeper); Mr Stephen Lord (Treasurer), Revd. Hywel Snook (from April) Parish Safeguarding Mrs Beverley Hodgson ## Parish Health & Safety Officer : Mr Gus Smith (fin Oct), Revd. Hywel Snook (from Oct) Gift Aid Officer: Mr Stephen Lord Data Protection: Revd. Hywel Snook Churches Gift Aid Organisers St Mary Mr Terry Carter St James Mr Stephen Pople St Peter Mr Mike Collis St Nicholas Mrs Christine Dolton ## Electoral Roll Officers Mrs Wendy Dykes Mr Andrew Rapson Mr Mike Collis Mrs Moira Jenkins ## Health & Safety Mr Gus Smith (fin Oct) Mr Norman Shanks Mr Mike Collis Mrs Ros Bailey Churches Child Safety St Mary Mrs Beverley Hodgson St James Mrs Carol Goddard St Peter Mrs. Jenny Shiles St Nicholas Mrs. Ros Bailey ## Annual Report 2025 - Revd. Hywel Snook 2024 through to 2025 had been a year of continuity and transition. Throughout 2024 we continued with most of the usual pattern of parish life. - We held a Lent course in 2024 considering the Easter services, which led to an increase in attendance of the Holy Week services. - We continued with Thy Kingdom Come where we published Morning and Evening Prayer booklets for the whole year. Many of which are used regularly by the congregation. - We continued with the various parish events such as coffee mornings, breakfasts, concerts and the Christmas tree festival. - As always the daily round of pastoral visiting, Baptisms, Weddings and Funerals. 2024 through to 2025 was also a year of transition. Charlie Blackett moved on from being our youth and families worker to begin her training for ordination. Ian and Ruth retired from parish ministry in September, Jean moved back to Gloucester diocese and Joanne moved to Fromeside to widen her ministerial experience. This reduced the ministry team from ten to six. In order to meet this challenge we have had to change the service times at St Nix and St James and we are very grateful for Malcom and Ben from Fromeside for stepping in and covering services on Sunday. In the face of these challenges we have not just sat back and kept things going. We have embraced transition seized the opportunity to improved our facilities and our life together. In 2024 through to 2025 we have improved our church buildings in significant ways. We have: - Improved St Peters with new lighting and heating systems funded by the eco grant from the diocese. We have improved St Nix with: - New CCTV to protect us from vandals and allow us to feel safer - New Carpets and signage for the church - New lighting in the main church, paid for by the diocese eco grant - Held three clean up days which have improved the look and feel of the exterior and interior of church. - The great Unlocking where we removed many unnecessary locks from church cupboards and doors. Because we are a family and can trust each other. - A full set of service templates for the whole year, giving consistency in worship and reducing the preparation time for services dramatically. ## We have improved St Mary’s with: - Moving the screens to open up the transept which can now be used for meetings and is now used by the craft group every week. - Holding a cleanup day where 10 car loads of rubbish was taken to the tip, dramatically improving the look and feel of the church. - Creating a chapel space for quiet prayer and services on a Thursday - Creating a sanctuary space and choir - New service sheets for the whole year, reducing clergy preparation time and making worship easier for all. Done in consultation with the choir and musical director. - New sound system. - Upgrading the AV system to high definition enabling us to use modern videos and improve picture quality. - Removing and repositioning TVs which the DCC decided to move in consultation with the congregation. - Installing a combination lock on the kitchen and sound system enabling ease of use by volunteers. - Responding to the DCC and congregation’s views in all these improvements. We have improved St James with: - A clean up day which dramatically improved the look of the church - Installing new curtains in the vestry At the last APCM in 2024 Ian published the PCC & DCC handbook which detailed the responsibilities and decision making processes of Yate Parish. This was the cumulation of years of work bringing our parish partially in line with church and charity law. It also gave us a framework for making decisions. We were aware that much of Ian’s time was taken up by governance matters and that in the past we had tried to embark on mission and ministry only to be thwarted by unclear and sometimes dysfunctional systems. Before Ian’s departure Hywel asked the Archdeacon to undertake a governance review of the parish. He did this because he was concerned that when the new rector is appointed she or he will find themselves in the same position as Ian did. Keen to work in mission and ministry but thwarted by poor governance. In November 2024 Archdeacon Christopher undertook his review which was published in February 2025. The review is attached as an appendix to this report and is available online via our website. The report calls for us to increase Transparency, Clarity and Accountability in our decision making. Also for us to come inline with church and charity law. In the February and March PCCs we passed various resolutions to make this a reality. Full details can be seen in the PCC minutes published on our website. In response to the review we have: - Reformed the budgeting system to allow the PCC to be responsible for all parish expenses with the exception of sacristy and maintenance budgets for each church. These will be administered by the DCC - To take various actions to bring Yate parish in line with church and charity law. A full list of these actions is available in the PCC minutes for February and March 2025. - We have published DCC and PCC agendas and minutes online, in church and a summery in the magazine. This has increased transparency of decision making and allowed everyone to have a voice. The governance may seem immensely boring and unimportant, it is however vital to our life as a parish and how we relate as a family. Dave Jones put it best. “In the past we have spent lots of time and energy sowing seeds hoping they will grow, but like the Parable of the Sower we were sowing on stony ground. People would receive the word with joy and begin to grow, but because the ground was stoney they withered. What we are doing now is tilling the soil and making it fertile so when we sow there will be fruit.” This is true if we look at the work done in each of the churches, detailed above. None of this work would have been possible without getting real agreement and ownership from the people. We have made decisions in a transparent, accountable and clear way. This is the tilling of the soil which enabled the shoots of growth to begin. We have also undertake two ministry projects since October. We are Family, emphasising how we can better work together as a parish. Building Jesus to make him visible this Lent. Where we gave everyone a puzzle piece to show that it is only in working together that we will make Jesus visible. Apart we are incomplete it is only by working together that we become whole. There have been many encouraging signs of work across the parish, with people supporting churches in the clean up days and plans for a Christmas tree festival across the whole of Yate Parish. ## For the future: In June the position of Rector will be advertised and if the right candidate applies they will be appointed at the end of July. We are currently recruiting a Transitional minister who will start in September to take the pressure off the ministry team. Paul Belcher will God wiling be licenced as an LLM in October and Claire Haywood is going forward for LLM selection in June. It is our hope that when the new Rector arrives she or he will find a parish which is functioning well together where the soil is tilled and ready for Mission and Ministry. The Parish of Yate PCC Notes to the Financial Statements For the year ending 31 December 2024 ## Accounting Policies The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005. The financial statements have been prepared under the historical cost convention except for the valuation of assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## Funds Endowment Funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in terms of the trust or bequest and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. The PCC does not invest separately for each fund. Where there is no separate investment, interest will in future be apportioned to individual funds on an average balance basis. Unrestricted funds are general funds that can be used for PCC ordinary purposes. ## Incoming Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received provided there is sufficient information at the time of preparing the accounts to justify recognising the information, eg a claim submitted to HMRC. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest accrued. All other income is recognised when receivable. All incoming resources are accounted for gross. Amounts received specifically for mission are dealt with as restricted funds. ## Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. Activities Directly Relating To The Work Of The Church The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. ## Staff Costs An immaterial portion of the expenses paid to the clergy may have related to their services as members (including the chair) of the PCC. Payments of under £7,500 (2023: under £7,500) during the year were paid to PCC members for services outside the scope of their PCC duties. ## Fixed Assets ## Consecrated property and moveable church furnishings Consecrated and beneficed property is not included in the financial statements in accordance with s.96 (2) (a) of the Charities Act 1993. Moveable church furnishings held by the vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected (at a reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 with individual value below £1000 are written off. ## Investments Investments are valued at market value at 31 December. ## Current Assets Amounts owing to the PCC at 31 December in respect of fees, tax rebates, rents and other income are shown as debtors less provision for amounts that may prove uncollectable. ## St Mary’s Youth Centre With effect from 31 October 2024, the PCC was asked by the Trustees of St Mary’s Educational Trust to take on the running of the St Mary’s Youth Centre facility. No assets were transferred, but income and expenditure from that point were recorded in these accounts. Independent Examlner's Report to the PCC of the Parlsh of Yate This report on the financial ststements of the PCC for the year ended 31 De￿rnber 2023. which are set out on these pages is in respect of an examination Garried out in accordan¢e with the Church ACC￿nting Regulations 2006 (the RegulatFons) and s.43 of the Charities Act 1993 (the Act). Respectlve responslbllitles of the PCC and thè examiner As members of the PCC you are responsible for the preparation of the financial statements- you Consider that the audit requirement of the Regulations and section 4312) of the Act does nol apply. It is rny responsibility to issue this report on those financial statements in a¢cordance with the temis of the Regulations. Basls of Ihls report My examination was carried out in accordance wilh the General Directions gFven by the Charity Commission under section 4317)(b) of the Act and to be found in the Church guidance, 2006 edition. That examination included a review of the accounting records kept by Ihe PCC and a comparison of the accounts with those records. It also included considering any unusual ttems or disclosures in the financial statements and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenlly I do not express an audit opinion on the view given by the accounts. Independent Examlners SLitement In connection with my examination. no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance wrth section 41 of the Act. or to prepare financial statement5 which accord with the accounting records and comply with the Regulations have not been met: or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached. igned) zr (Dated) Richard Leslie MBA FCCA FCA Partner R. A. Leslie & Co. | Chartered Accountants GowTan House, 56 Broad Slreel, Chlpping Sodbury. Bristol, 8S37 6AG Th• P•rl•h OIY•l• PCC S¢atam•nt ol FIna￿l•l Aclvll•• For Th• Y•*r kn 31st D•c•mb•r 2024 R•¥¢xw¢•* Tol•l Fwx1• 2024 Funds Funds Funds 2023 Vo￿nI￿ry fmm donorn VO￿nIary nuJm8 - oth•r 97,950 8,192 97.950 31.930 100.588 31.330 2b 23,738 Lett￿95 and lees Other Inv8strMnt 2¢ 2d 69.889 37.502 4.155 10 69.889 37.502 19.955 73.306 32.078 15.926 1,432 15.799 21 T+Jl•l InE•rnlry R••owc•• 217.19• J9.537 2$7.23S 254.660 Co•t olyMr•titvd rAJth ol g•n•rnkng ¥o￿nI￿ry knuyn• Gowmanc• thsis Costs of G•neralmg Fund* C*artablB acwths 101,061 61.604 5.560 5.382 11,991 25,927 12251 193,051 87,531 5,335 5.362 16S,S04 83.935 4.710 8.158 3b To1•1 R••w¢•¥ Exp•nd•d 153.517 37.093 291.210 1•0.307 M•t Inc•mlTrJ R••owe•• Tra￿l•r% Galnb and Lo•••• on lff••*kn•nts P5,8Bg1 11,560 2.120 134,0451 12,731 945 15.6471 1.170 {1,1751 15.635 f22.2091 3.015 (1.1751 0.3891 9.990 R•¢W￿l11￿￿ ol Ft¥¥ 88Lqnc•s 8IF @ stsrt 01 Y•ar M•t PADv•m•rrt In FWK 183,875 P22091 104,833 3,015 122,610 11,1751 J91,317 QO,3691 381.327 9,990 BaJant*s C4F Q End 01 Year 107.848 121.435 370.948 391.317 Th• Parfsh OfYat• PCC Balanc• 8h••t as at 31st D•¢•mb•r 2024 le 2024 2023 Flx•d A•••l• Tangble F￿ed Ass•ts InV•SbY￿nl As8•ts 4a 4b 216.130 215.186 C4rr•rtl A•••ts Debtois Cath at bank and li hand 1.202 158.105 4.669 172,167 Tolll 159.306 176.836 LAb*i•s- Arnunts lakng du• ofi• 14.488) (T05) N•t Cwr•nt A•s•ts 154.819 176.131 LAbai•s- Arnunts lakng du• than on• y•ar N•t Ass•ts 370.94• 391.317 iknrestril8d RestrKted Endo¥Thnl 141.668 107.848 121.435 163.875 104.833 122.610 370.944 391,317 Appffjved on 28 Apfl 2025 Revd. Sncok {lJbaff) Stephen Loftl IPCC T￿a￿rnI) Th• acco{￿an>T19 notes fomi part of thes• actounts Th• Parfsh OIYal• PCC Ark*ly*i¥ For Th• Y•artr* 31st DK•mbw2014 F•￿v•nI• Tw*rs r￿pI•l G•Mr•l C•ptsl t*Ecrnknnary R•w4nu• Pamh. Sl Jarrns Geno Sl GBn•rnl Sl GBnqMI St P•t•¢s G*n•NI Sl I￿￿5 Youth C•nbv St hktholas Yauth Gintr• Sl E8 St P81éis f*F G8n•ial Sl InvJ8iTrn•I IJF 76.365 1.748 78.113 1.993 3.814 6.043 61) 3.610 339 2.539 1.739 13.012 13.171 16.582 2.12U 16.097 30.969 68.044 75.321 9.499 11.9431 143.6571 {15.030) 168.5381 IT6.800) 110.2681 f2.4481 112.5731 {18.(*81 4.009 {595) 3.525 16.456 1.056 yi 14.1561 31.775 5B 18.yo 7.510 {10.307) PO.1141 {16.031} 11.9401 18451 Q.J531 979 14951 1.571 29.021 14.342 16.210 13237 781 1.750 731 .0001 372 G•Mr•l Fw I￿.115 o••> 220,911 P49.3241 62.433 150.1721 2.120 141,1•6 Sp•¢ll PAMh. y¢￿1h Sl. NBxTran Incumll Sl Jambs Fabric & (hgan si. r**olu¥ Fab￿ & 37.59) Z.438 36.453 11.917 15.436 23.730 4.773 5.670 5.154 202 Pg.9961 18.921) 36.332 4.288 41.490 25.737 581 18.703) 115.6381 15.370 Sl Youih y.t*Joi 1•4.•JJ 225 39.537 (J7.•in 24.37• 93.1991 117.1 st Tty•t C•p4al 122.610 121.435 122.•10 121.4J3 Totsl Fw 3•1.317 P.7451 0,44• P173411 (T4.•711 370,941 An*tyt•d A&. 183.875 104.a33 122.610 P.4681 .(*)91 Z25 220.912 39.537 rk49.3241 137.917) 62.433 24.370 150.8721 3.199) 2.120 141.666 107.04 121.435 Tot•1 Fw J•1.317 P.7•51 0.449 P173411 •1.•02 (74.•711 3711,94• Th• Parl*h OIYal• PCC NotsE To Th• Fln•TrEl•l 8l•l•n* Fty TP• Y••r ts J1•1 D•£•rt*•f 21124 I￿rI**I•(l R•*Kl•d Endo¥A)*nl T•l•l Funds Funds Funds 2024 2023 Vaknnlary èK•m• from donors Planned Gwmg IncoTr Tax Rocovertbl• t￿$ {Op•n pknt•l 70240 20.158 7,552 70.240 20.158 7,552 71.099 22.240 7,249 •7.950 97.950 11)0.5•8 2b Voljntary thcon*.other Grants Oon•kn& APP••￿ •to 0.192 18.750 4,988 26.942 4.98 25.874 5,457 •.191 23.731 31.930 31.330 2¢ L•ttiigs and F•e$ hal lults19S 51.908 17,9B1 51.908 17,981 55.220 18,OB6 F••• •9.0•9 19.••9 73.30• 2d Fund• i•n•rnl•d 37.502 37.502 32,078 37.￿2 37.502 32.070 4.155 15.799 19.955 15.926 4,154 1S,7•• 1•,•55 15,928 21 Klsulan•ous Tax L•ga¢y 10 10 1.432 10 1.432 T•l•l I￿+)n￿Tra R••owc•• 217.1•• 3•.$37 2S7.2JS 2S4,t Th• P•rf•h OIY•ts PCC 14ot•s To Th• Flnanrlal 8tsknffi•nts For Th• Y•ar f• 31*t D•c•ffkn•f 2024 Lknr••trYA•d R••lrKa•d Endo*Thnl Totsl Fw Funds Funds Fun*Js 2024 2023 Co•1• ol G•n•f•lw V¢bw*ary AcO¥ltl•s dlr•cty r•l4tiwvJ kn th• clKwch tknisan Sharn ty QufvJy Ewns•s 75,696 5.676 75,890 5.87e 66,000 5.341 14.897 11.372 9,077 S.035 3.855 18.440 1.763 14,897 11.372 9,077 5.035 3.855 18,440 1.783 15.833 10.310 9.111 3.09B 452 17.472 1.700 Equy&Trrnnt Repan other Pffji8ds Rool Propd C*urt* Gean•ig Fb)￿r Decornl• Al•f rnqU•rt•* 834 2.036 17.358 834 6.106 24,280 979 5.016 10.902 4.069 8.921 C4we ol GnJund* 6.228 1,350 1.453 6.228 1,350 1.453 4,441 8.662 918 936 9.088 Inwrnnc• Repa Staff Equyrnnl Carntakty Pffjpds 1.542 1.542 1.000 1.499 SlatKin•ry at Tat•l Costs ol G•Mrn•ty vol￿*•ry I￿•m* 11,991 193.052 115.323 Th• Parhh Ofyats PCC To Th• Flnanclal Statsffl•rt* Fu Th• Y••r kn 31*1 DK•fflb•r 2(124 Totsl Fw¥l• 2024 Funil¥ Fund• Fund• 2023 3b IXY¢h ¥•n•g•m•rt & A(knlnl¥tr•fl¢n 51aff . Adrn*trat Oth•¥ St•ll Costs 81**¥ exp•n••• 42.962 2.514 42.962 28.441 37.827 33.268 25.927 6.488 9.555 e.187 e.558 95 *¢•langou$ Bank ￿a￿•S 9.555 25.927 87.531 83.935 3¢ Fund Raitsffig f2251 5.335 4.710 12251 5.335 4,710 R•s1￿1￿ Endo*YMnt Fund• Fund• Totsl Fth) 2024 Fund• 2023 Ch•rlt•trA• A¢llvl••• ChartsblB Giv￿9 5,382 5.362 0.158 An•fy••d ••: R•g•n•tat• (*￿r•n5' sO￿ty Gfval Vleslem A# A)￿￿kn¢• Aff¢unts payabl• lo ￿ of Ih)odhig li Yat• aflef thtsl Ghiig Appeal 1.200 52 134 3.978 Tol•l 5.312 Th• Parl¥h 01 Yall PCC NDts• To Th• Fln•nclal 3t•knm•n For Th• Y•ar kn 31 •t O•¢•mb•r 2024 2024 2023 44 Flx•d A•••ts IDr w• PCC 4b •1 Va￿• •t ¥tsrt ol y4•t M•tk•l V•kn• •1 Start of y4•r M•tk•l v¥￿• •1 start of Y4•f rkni1￿4ty Fund Novfftn Trust Sl P•lern C8F rkntvnary Fund Novfftn Tru¥1 Sl P•ler& C8F rkntvnary Fund NovHTh•n Tw¥1 St P•t•rn C8F 76.385 122.610 16.210 1.748 11.1751 372 69.719 115.015 14.817 6.647 7.595 1.393 G••i tknssl on G••i tkjssl on Oth•r incomD l•ywnd*urnl Oth•r iicomB l•ywndlurnl Oth•f incom• l•yndlurnl VI￿*t￿)n •t •￿￿ ol y•at 21•,130 215.110 ￿)￿119$ •% •t •nd ol y••r ol unl*l 3.378 5.252 717 3.378 5.424 717 Tnjst St P•t•rn 9.347 1,519 D•b*x• (kn•trkl•d F4mthb Tax Qaffn Tr•d• Oebtoys 845 3.825 1.202 1.202 4.169 C••h 8•l•n¢•• Parsh LI0￿1$ Ac¢¢unt Parsh LID￿5 Ac¢¢•Jnt SL Jarns CBF SL Marf$ C8F SL COF SL P9t•f$ C8F SL CBF Ro01 24,362 40,332 41,490 13,012 25.737 13.171 15.352 49.421 36,678 29,021 11.917 14.342 15.436 158.105 172.117 Tl*i P•rfsh OfY•* pcc Nol•• To Th• Fln•nclal For Th• Y••r tr* 31¥t D•c•ffknr 2024 2024 2023 U•blll¥•¥ thlllry f*lthln •n• y••r Amtsunts Its b• paAI I olher oryanisatM)n$ E￿•0$•8 ffjojryed but not p 372 334 4.481 4.460 7•5 2024 2023 (A•c•MTh P•rl¥h s￿1• 75.696 The an*)unl pa￿ to Ihe tkn8e IKTras•d as akn to r1>￿1￿￿{>Ur (*ryy (o¥ts Ihat fund•d by lh• (kn(￿. ofn•t •*¥•ts ty knd G•n•AI R•%tsx*•d Endo*w*nl Total 2023 Investrrnnts 94.69S 33.958 13.012 121.435 216.130 33,958 13.012 107.848 215.185 42,278 29.021 104.833 Cath Ba&nt4s Sl CBF Cash Bai7nr*6 abxaied hjnds 107.848 121,4J5 J70,94• J•1,J17 The Parish of Yate PCC Notes to the Financial Statements For the year ending 31 December 2024 ## Accounting Policies The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005. The financial statements have been prepared under the historical cost convention except for the valuation of assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## Funds Endowment Funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in terms of the trust or bequest and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. The PCC does not invest separately for each fund. Where there is no separate investment, interest will in future be apportioned to individual funds on an average balance basis. Unrestricted funds are general funds that can be used for PCC ordinary purposes. ## Incoming Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received provided there is sufficient information at the time of preparing the accounts to justify recognising the information, eg a claim submitted to HMRC. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest accrued. All other income is recognised when receivable. All incoming resources are accounted for gross. Amounts received specifically for mission are dealt with as restricted funds. ## Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. Activities Directly Relating To The Work Of The Church The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. ## Staff Costs An immaterial portion of the expenses paid to the clergy may have related to their services as members (including the chair) of the PCC. Payments of under £7,500 (2023: under £7,500) during the year were paid to PCC members for services outside the scope of their PCC duties. ## Fixed Assets ## Consecrated property and moveable church furnishings Consecrated and beneficed property is not included in the financial statements in accordance with s.96 (2) (a) of the Charities Act 1993. Moveable church furnishings held by the vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected (at a reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 with individual value below £1000 are written off. ## Investments Investments are valued at market value at 31 December. ## Current Assets Amounts owing to the PCC at 31 December in respect of fees, tax rebates, rents and other income are shown as debtors less provision for amounts that may prove uncollectable. ## St Mary’s Youth Centre With effect from 31 October 2024, the PCC was asked by the Trustees of St Mary’s Educational Trust to take on the running of the St Mary’s Youth Centre facility. No assets were transferred, but income and expenditure from that point were recorded in these accounts.