HALIFAX MINSTER Seeking God . Sharing Faith . Serving Halifax The Parochial Church Council of the Ecclesiastical Parish of the Minster Church of St John the Baptis¢ Hallfax Registered Chaiity Number 1133986 Financial Statements for the year ended 31st December 2024 STREETS SPENSER WILSON CHARTERED ACCOiINTANTS
THE HALIFAX MINSTER FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 PAGE Trustees, annual report Independent examiner's report to tb¢ truslees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do nol forni part of the finanelal statements Detailed statement of financial activities 22
THE HALIFAX MINSTER TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The tLThStees present their Teport and the unaudited fmancial statements of the cbarity foT the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name The Halifax Minst¢r Charity registration number 1133986 Prindpal office Causeway Halifax HXI IQL Vicar Rev Canon Hilary Barber The trustees Rev David Carpenter {Lecturer} Rev Sam Crook (Curat¢) Patricia Boyd (R¢adcr) Shcila Stoppard (Churchwarden) Michael Walker (Churchwarden) Kathy Kershaw (Secretary) Altson Moss legatha Moses Joshua Mitchcll Joyce Galloway Andrew Jackson John Waddington Ros Denton Belinda Kerfoot-Roberts Ni Crabbe Gary Knapton Stephen Barker Joshella Gnanasekaran Ned Smith Reg Wilhelm Honorary treasurer FMFBerry Independent examiner Mrs E A Short FCA Equitable House 55 Pellon Lane Halifax West Yorkshire HXI 5SP Bankers Th¢ Co-operative Bank PIC PO Box 101 l Balloon Street Manchester M60 4EP
THE HALIFAX MtNSTER TRUSTEES, ANNUAL REPORT (continmed) YEAR ENDED 31 DECEMBER 2024 STRuuRE, GOVERIYANCE AND MANAGEMENT The Parochial Church Council (PCC) of Halifax Minster is a corporate body established by the Church of England and is a registered charity. The PCC opeTates under the Parochial Church Council Powers Measure 1956. The method of appointment of PCC members is 8¢t out in the Church Representatloll Rules2011. Elected Members are elected by those members of the congregation who are on the Electoral Roll. All those who attend our s¢rvices regularly are encouraged to register on the Electoral Roll and stand for election to the PCC as vacancies arise. The number on the electOTal roll as at 31st December 2024 stands at 145. Together with the Vicar, the PCC members are responsible for making decisions on all matters of gcncral concern and in]portance to the parish, including on how the ndS of the PCC are to b¢ be spent. New members receive initial inforn]ation on the workings of the PCC. The PCC has a number of Vision Groups, the WOTk of which can be read about in the 2024 Year Book, available separately. The Year Book also gives details of acbi¢v¢ment8 and perforniances in the context of the whole charitable purpose and mission of the Minster OBJECTIVES AND ACTIVITIES When planning their activities for the year, the PCC has considered the Cbarity Con]mission's guidance on public benefit and, in particular, the supplementary guidance on ¢lwities for the advancement of religion. Halifax Minster's PCC has the responsibility of working with the VicaT in promoting in th¢ ecclesiastical parish the whole mission of the church, pastoral, social and ecumenical. To facilitate this work, it is important that thc PCC maintsins the fabric of Halifax Minster and its fmancial stability, ¢nsuring that there are enough liquid assets to maintain and replace plant as neccssary in our flne but ageing, historically significant, building. Volunteers from both the chur¢h community and outside make a significant contribution to Halifax Minster, carrying out such duties as assisting in services, welcoming visitors to the Minster, organising and st¢warding events, looking after tbe fabric and the administration of the Minster. At the end of 2024 there were approximately 105 volunteers registered to help in some way at the Minster. ACHIEVEMENTS AND PERFORMANCE The PCC ar¢ keen to offer the Minster to be inclusive to all members of the community be this regular members of the congr¢gation, citizens of Calderdale or m¢mbers of the wider public from both the UK and overseas. To this ¢nd the Minster is open 7 days a week and on all days, except Saturday, has 3 acts of worship available for all to attend. Volunteers are on duty to welcome vAsitors 7 days a week. The Minst¢T Is open, accessible and availabl¢ for many other activities benefitting the wider community. including concerts, meetings, festivals etc. Together thes¢ continue to raise the profile of both the Minster and Calderdale as illustrated by the live BBC Chrislmas Day broadcast from the Minster. The PCC also made the Minster available to be used by a number of organisations who continue to use it as a meeting place, and continue to offer special arrangements for charitable organisations. During 2024 the PCC continued to invest in the fabric of the building to ensure that it is maintain¢d, in good rq)air 80 that it remains a safe place of peace and worship for all. Further details on our achievements and p¢rfornian¢e detailed in the Minster Year Book.
THE HALIFAX MtNSTER TRUSTEES, ANNUAL REPORT Itortrth¥edJ YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Reserves Policy It is PCC policy to maintain a balance on free reserves that equates to at least six months, unrestricted ¢xp¢nditurc and to have enough saved to pay for r¢placement of plan( such as the heating boilers should they fail. It is estimated that a balance of at least £IOO,000 should be held for these purpos¢s. In pursuit of this Reserves Policy of £1,000, the PCC has a current balance of £62,414 (as last yeaT) in its reserve fund. W¢ arc also holding an increased amount in the general fimd, and it is proposed, to transfer an amount (£15-20,000) into the res¢s. This will, the PCC hopes, retain enough in the g¢neTal fid for any day to day repairs needed. The P¢rnian¢nt Endowment Funds, valued at £271,758 (2023 £264,929), are legacies that individuals made to the parish with the restriction that only income generated from the funds can be spent. the capital value must remain untouched, so cannot be used for ¢xpenditure and therefore cannot be regarded as reserves. Financial Review In 2024, £45,858 (2023 £46,136) was raised through the planned giving stcwardship scheme. The PCC eannot predict how many legacies it will receive or how many paying visitors will come through the door, so stewd1p giving is the bedrock of the Minstefs fmancial sccurity, providing a predictable income base to help the PCC with its planning. For this reason, th¢ PCC is very grateful to those of you in our worshipping community who are members of th¢ sch¢me and for the increase in your giving. W¢ also ¢ncourage those who are not mernbers to please join. Giving through loose collection plat¢s and donations again experienced a healthy incKase. No legacies were received in 2024. We benefited from a number of generous gifts from both Organisations and individuals. Many gave generously towards the Conservation Manag¢m¢nt Plan (CMP) appeal and work is PTogressing well. Some gifts were given towards sp¢cific needs including from the Friends of the Minster towards organ repairs and a new piano for thc music department. In addition, a number of oth¢r, non specifjc, donations were received during the year. The PCC thank all those who gave so generously. During 2024 the Minster held many more events than in previous y¢ars including weddings, fijnerals, concerts and other activities. The incorne generated from th¢s¢ activities resulted in a significant income Incr5¢ on 2023. Total rrfeipts on unrestricted funds in 2024 w¢re £243,573 (2023 £253,288) which is a marginal decrease of 3.74 /0 on the previous year. Incom¢ from events showed a significant year on year increase, with the Summer Festival, organ recitals, concerts (particularly in December) and Minster hire all generating good income. The Christmas Tree Festival was again a great success thanks to the generosity of sponsors, coupled with the efforts of many volunteers and, in particular, the hard work of Sasha Wright and Gary Knapton. Net revenue from the event was OV £ I 1,000. Shop sales were marginally below the h¢ights of 2023 an& &8 previously> the later part of the year was the busiest peri041 in particular during the Christmas Tree Festival and Decen]ber. Thanks again go to Gary for his hard work in running all aspects of the shop.
THE HALIFAX MINSTER TRUSTEES, ANNUAL REPORT (¢ttthued) YEAR ENDED 31 DECEMBER 2024 Minster hi incom¢ was up on the 2023 figure an& in addition to the hiring fees, w¢ wer¢ abl¢ to b¢nefit from refreshment sales during many of th¢ cvents and concerts held by visiting organisations. Thanks to all of the many volunteers who worked tirelessly to cnsurc the smooth running and success of these events. Due to the BBC Christmas Day scrvicc pr¢poTatiODS, there was no Christingle event on Cbristrnas Evc. Total expenditurc from unrestricted funds in 2024 was £242.356 (2023 - £237,747). The increasc reflccts th¢ increase in day to day activity. Unlike 2023, and as PCC forewarned last year, there was significanl spending on the organ repairs (£32,581) but this cost was m¢t by the generosity of the Friends of the Minster and also a grant received from the Pilling Fund mcaning that there was no requirement to use tkle Minster reserve fLmd. The cost of Ihe Yamaha piano (£6,900) was also covered by the Friends of the Minster. All costs wcre kept under tight control and were generally in line with budg¢t Cxpcctations. Th¢ gas and electric contracts negotiated a few years ago have now expired and been renegotiated but, unfortunately, not at the same low cost. Administration costs, as expected from increased activity, were again higher than last year and the extended hours of the administrative assistant incTeased the costs above the original budget forecast. In September. the Dircctor of Choral Music was appointed. Thanks to the generosity of a support¢r of th¢ Minster, the initial costs of this appointment have been cov¢r¢d. The Operation Manager and Assistant's salaries and associated costs are fidly reflected in the expenditure figures and, as in 2022 and 2023, we have fully covcr¢d these through trading and have not yet needed to call upon any of the Temaining Greenwood Fund. As mentioned above, unlike 2021 & 2022, when we undertook significant repaiT and restoration work on the structure of the Minster building, there have been no major repairs undertaken. As in previous years, we bencfittcd from a number of donations and grants including: £ 3,000 from the Community Foundation for CaldeTdale (CFFC) towards the Swnmer Fcstival. £ 1,250 from the Waterhouse Homes towards education costs and lecturer's fees £ 5,000 from the Bishop's Development fund towards the Summer Festival £ 400 from CMBC towards the Broderers £ 1,500 from Sir George Martin Fund to th¢ Broderers £ 1,000 from SWY NHS Partnership to the Brod¢r¢rs £ 1,950 from 900 Trust to CMP appeal. The PCC acknowledges these donations grants with grateful thanks. Looking after an ancient building is costly, but this sbouldn't mean that we are not generous in our support for those in need. In 2023, the PCC increased the amount gift¢d to charity for 2024 and it is budgeted that this will be the same for 2025. In addition, the PCC allows spe¢ial charitable hiring rdtes for any charity or school using th¢ Minst¢r facilities. The cost / loss of revenue of this is not included in these accounts.
THE HALIFAX MINSTER TRUSTEES, ANNUAL REPORT Ce*ynthued) YEAR ENDED 31 DECEMBER 2024 Overall, the PCC is pleased to advise that, on unrestiicted funds, the PCC has Maged to mak¢ a suTplus of income over expenditure of £1,197, and, when restricted and designated activities are included, this amounts to £16,570. This is thanks to the generosity of many, and the PCC eSplaLIY wisbes to thank all those individuals who have giv¢n their tim¢, talents and Money throughout the year in support of the Minster. In addition, the endowment fund again showed a slight sUlUS on end of year valuation finishing the year £ 6,828 higher than the previous year. The trustees, annual report was approved on .......... .. ................ trustees by.. and S]led on behalf of the board of i J.31 twLw Rev Canon Hilary Barber Vicar Michael Walker Churchwardcn
THE HALIFAX MINSTER INDEPENDENT EL4MINER'S REPORT TO THE TRUSTEES OF THE HALIFAX MINSTER YEAR ENDED 31 DECEMBER 2024 I report to the trustees on my examination of th¢ financial statements of The Halifax Minster ('the charity,) for the yeaT ded 31 D¢cember 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity you are responsible for the preparation of the financial stat¢m¢nts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity's fmancial statements carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. INDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income excecd¢d £250,000 your examiner must be a member of a body listed in s¢¢tion 145 of the 2011 Act. I confinn that I am qualified to undertake the examination because I am a mcmb¢r of thc Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodk¢s. I have completed my examination. I confirni that no matcrial matters have Come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the the fmancial statements do nol accord with thos¢ records. or the financial statements do not comply with the applicable requirements concerning the forn] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faiT' 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 dra1 in this report in ordeT to enabl¢ a proper understanding of the accounts to be reached. Mrs E A Short FCA Independ¢nt Examin¢T Equitable House 55 Pellon Lane Halifax West Yorkshir¢ HXI 5SP
THE HALIFAX MINSTER STATEMENT OF FINANCIAL AcrIvrrIES YEAR ENDED 31 DECEMBER 2024 2024 Restricted Endowment funds funds Total funds Total funds 2023 Unrestsicted fiJnd5 Note Income and endowments Donations and legacies Charitable activities Other trading activities Invesiment income 116,494 67.702 46,250 13,127 243,573 48,739 49,869 165,223 117,571 46,250 13,127 152,165 72,094 47,470 10,526 282,255 Total income ", 98.608 342,181 Expenditure ExpendÉtur¢ on raising funds: Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities 74 74 93 15,039 15,039 17,515 10,11 227,243 83,235 310,478 235,923 Total expenditure 242,356 83,235 325,591 253,531 Net gains on investments 12 (20) 6,828 6,808 (19,316) Net income and net movement In funds 1,197 15.373 6,828 23,398 48,040 Reconclllatlon of funds Totsl fijnds brought forward Totsl fund$ carried forward 89,754 65,901 81,274 264,930 271,758 420,585 443,983 372.545 90,951 420,585 Th¢ statement of financial activities includes all gaiDS and losses recognised in the y¢ar. All income and expenditure derive from continuing tIvIties. The notes on pages 9 to 20 form part of these financial statements.
THE HALIFAX MINSTER STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangible fixed assets Investments 17 18 19,683 272,197 291,880 14,822 265,389 280,211 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 12.902 2,476 144,791 13,278 19 129,271 160,169 142,549 CREDJTORS: amounts falling due within one year NET CIIRRENT ASSETS 20 8,066 2,175 152,103 140,374 TOTAL ASSETS LESS CURRENT LIABILITIES 443,983 443,983 420,585 NET ASSETS 420,585 FUNDS OF THE CHARITY Endowment funds Restricted fuDds Unr¢strict¢d funds 271,758 81,274 90,951 264,930 65,901 89,754 420,585 Total cbarity funds 21 443,983 These financial statements were approvcd by thc board of trust¢¢s and authoris¢d for issue on 2•£fand are signed on behalf of the board by: Rev Canon Hilary Barber Vicar Michael Walker Churchwarden The notes on pages 9 to 20 form part of these financial statements.
THE HALIFAX MtNSTER NOTES TO THE FINANCIAL STATEMENTS f¢o•frB*ed) YEAR ENDED 31 DECEMBER 2024 GEI¥ERAL INFORMATION The charity is a public benefit entity and a regiskred clwity in England and Wales and is unincorporated. The address of th¢ principal office is Causeway, Halifax, HXI IQL. STATEMENf OF COMPLIATrICE These financial statements have been prepared in compliance with FRS 102, 'The Financial R¢porting Standard applicable in the UK and the Republic of Ircland,, the Statement of R¢comm¢ndcd Practice applicable to charities preparing theiT accounts in accordance with the Financial Reporting StandaTd applicable in thc UK and Republic of Ireland IFRS 102) (Chayities SORP (FRS 102)) and the Charities Act 2011. ACCOUNTING POLICIES Basis of preparation Th¢ financial statements have b¢¢n pr¢par¢d on the historical cost basis, as modified by the revaluation of c¢rtain financial assets and liabilities and investment properties measured at fair valu¢ tIOugh income or expenditure. The financial statements are prepared in sterling, which is th¢ fimctional currency of the entity. Going concern There are no material uncertainties about th¢ ¢harity's ability to continue. Judgements and key sources of estlnjatlon uncertafinty The preparation of the financial statements requircs manag¢m¢nt to make judgements, estimates and assumptions that affect the amounts report¢d. Thesc estimates and judgements are continually reviewed and are based on experi¢n¢¢ and Oth factors, including expectations of future events that are believed to b¢ r¢asonable under the circumstances. Fund accountlng Unrestricted funds: Mon¢y given to thc Minsler on the general ullderstanding that it will be used at the discretion of th¢ PCC for furthering the mission and ministy of th¢ church. Th¢ PCC rnay decide to put some of the unrestricted money on one side to pay foT specific projects (for example to build the Reserve Policy fulld). This money is designated for these projects for administrative PUTPOSCS only. Designat¢d funds ar¢ still unrestricted and can be moved by the PCC to oth¢r gcncra] funds. Restrlcted fiJn(ts: Money given to the Minster for a particular putpose, so cannot b¢ used by the PCC foT anything else. Pernianent Endowmcnt funds: Money (such as cash) or assets (such as shares) left to the PCC. These are also restrictcd funds given to the PCC with the specific instruction that only the income can b¢ spent or used. These funds are nomally named aftcr the donor.
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS (conttnHed) YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (¢onllNMedJ Incoming resourees Incoming resources Planned giving, collections, donations and tax refunds arc rccognised when received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Re80urees expended Grants and donations arc accounted for when paid over. The dioc¢san common fund is accountcd for when paid. All other cxpcnditure is generally recognised when it is incu and is accounted for gross. Tangible r4Ssets Tangible assets are initially recorded at cosl. and subsequently stated at cost less any accumulated depreciation and impairnient losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. An increase in the canying amount of an asset as a Tesult of a revaluation, is recognised in other recognised gains and loss¢s, unless it reverses a charge for impairnjent that has previously been recognis¢d as expendire within thc statement of fanCIal activities. A d¢creas¢ in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offscts any previous revaluation gain, in which case the loss is shown within other recogniscd gains and losses on the statement of fll)ancial activities. Depreciation Deprcciation is calculatcd so as to write off the cost or valuation of an asset, less its residual value, over the us¢ful economic life of that asset as follows: Equipmcnt IOO/o straight line Investments Unlisted equity inveslments are initially recorded at cost, and subs¢quently measured at fair value. If faiT value cannot be reliably measured. assets are measured at cost less impairnient. List¢d investments are measurcd at fair value with changes in fair valu¢ being recognised in income or expenditure. 10
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Impairnient of rued assets A review for indicators of impainn¢nt is cani¢d out at each reporting date, with the rccoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverdble amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at cach reporting date. For the purposes of impairn]ent testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount.. of the casb-gencrating unit to whi¢h the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes th¢ asset and generates cash inflows that largcly independent of the cash inflows from other assets or groups of &ssets. For impainnent testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of th¢ cash-geneTating units that ar¢ expected to benefit from the synergies of the combination, iTr¢sp¢ctiv¢ of whether other assets or liabilities of the clwity ar¢ assigned to those units. Stocks Stocks are measured at the lower of cost and estimated selling pricc less costs to complete and sell. Cost includes all costs of purchase, costs of ¢onv¢rsion and other costs incued in bringing the sti)ck to its present location and condition. Financivdl instruments Th¢ company only has financial assets and financial liabilities of a kind thai qualify as basic financial instnunents. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised wst using the effective interest method. 11
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS fconlinK¢d) YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES Unrestricted Funds Restricted Total Funds Funds 2024 DONATIONS Platmed giving bank Planncd giving envelope* Losc plat¢ collections Giving through church boxes One off gift aid gifts Donations, appeals ctc Gift aid tax refund 37,810 8,048 28,282 16,433 2,581 4.413 17,121 37810 8,048 28,654 16.433 2,581 43,780 17,121 372 39,367 GRANTS GTants r¢c¢ivable 1,806 9,000 10,806 165,233 116,494 48,739 Unrestricted Funds Restricted Total Funds Funds 2023 DONATIONS Planned giving bank Planned giving envelopes Losc plat¢ collections Giving through church boxes One off gift aid gifts Donations, appeals etc Gift aid tax refund 35,504 10.632 27,305 19,035 6,748 620 18,793 35,504 10,632 27,380 19,035 6,748 14,735 18.793 75 14,115 GRANTS GrtS receivable 934 18,404 19,338 119,571 32,594 152,165 12
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STA TEMENTS feoxllnued) YEAR ENDED 31 DECEMBER 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Total Funds Funds 2024 Music department Éncome Education department Bellringers incomc Fecs for wcddings and full¢Ials Events 150 369 1,055 7,663 58,465 49,869 50,019 369 1,055 7,663 58,465 67,702 49,869 117,571 Unrestricted Funds Restricted Total Funds Funds 2023 Music department income Education department Bellringers income Fees for weddings and funerals Evellts 15,507 15,507 981 1,740 8,038 45,828 981 1,740 8,038 45,775 53 56,534 15,560 72,094 OTHER TRADING ACTIVITIES Unr¢stri¢ted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Shop income Minster hire Printing and banner space Sundry income 18,228 20.528 7,494 18,228 20,528 7,494 24,163 11,161 9,276 2,870 24,163 11,161 9,276 2,870 47,470 46,250 46,250 47,470 INVEST.MENT INCOIVLE Unrestricted Total Funds UnT¢stricted Totaj Funds Funds 2024 Funds 2023 Deposit account interest Income from endowments 5,515 7,612 5,515 7,612 13,127 3,872 6,654 3,872 6,654 13,127 10,526 10,526 13
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS Iconthugd) YEAR ENDED 31 DECEMBER 2024 COSTS OF RAISING DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Costs of stewardship schem¢ 74 74 93 93 COSTS OF OTHER TRADING ACTIVITIES Unr¢strict¢d Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Shop costs 15,039 15,039 17,515 17,515 10. EXPEIYDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Funds R¢stri¢ted Total Funds Funds 2024 Religious activity (Page 23) Music department Education dcpartm¢nt Events Support costs (Page 23) 75,880 900 1,537 71,458 77,417 72,358 22,699 127,764 8,000 2,240 30,699 130,004 227,243 83,325 310,478 Unr¢strict¢d Funds Restrlcted Total Funds Funds 2023 Religious activity (Piige 23) Music dq)artment Education departmcnt Ev¢nts Support costs (Page 23) 71,840 71,840 16,406 669 27,879 119,129 16,406 669 27,879 106,169 12,960 29,366 206,557 235,923 14
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS (contsRued) YEAR EI¥4DED 31 DECEMBER 2024 11. EXPENDITURE ON CHAIUTABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Religious aclivily (Page 23) Music department Education d¢parttn¢nt vents Governanc¢ costs 77,417 72,358 127,758 205,175 72,358 190,969 16,406 669 27,879 30,699 30,699 2,246 2,246 180,474 130,004 310,478 235,923 12. NET GAINS ON INVESTMENTS Unrestricted Endowment Tota] Funds Funds Funds 21124 Gains/Oosscs) on cash hcld for invcstmcnt pUrpoS (20) 6,828 6,808 Unrestricted Endowment Total Funds Funds Funds 2023 Gains/{losses) on cash held for investment purposes 19,309 19,316 13. NET INCOME Nct income is ststed after charging/(cr¢diting): 2024 2023 Depreciation of tangible fixed assets Operatitig lease relltals 2,039 5,405 1,780 3.276 14. INDEPEIWENT EXAMINATION FEES 2024 2023 Fees payable to the independent ¢xaminer for. Independent examination of the financial statements 960 875 15. STAFF COSTS The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries 52,882 43,409 15
THE HALIFAX MINSTER IYOTES TO THE FINANCIAL STATEMENTS (ctrNtiNwd) YEAR ENDED 31 DECEMBER 2024 The average head count of employees during the year was 3 (2023: 2). No employee received employec bencfits of more than £60,000 during the year (2023: Nil). 16. TRUSTEE REMUIYERATIOIY AND EXPENSES Sheila Stoppard received £1,390 (2023 - £1,775) for her duties as verger at weddings and fun¢rals. 17. TANGIBLE FIXED ASSETS Equipment Total Cost At l January 2024 Additions 17,806 6.900 17,806 6,900 At 31 December 2024 24,706 24,706 Depreciation At l January 2024 Charge for the year At 31 December 2024 2,984 2,039 5.023 2,984 2,039 5,023 Carrying amount At 31 December 2024 19,683 14,822 19,683 14,822 At 31 December 2023 18. IIYVESTMENTS BLK Charities UK CBF Share Bond Fund fid Total Cost or VAluatlon At l January 2024 Additions Fair value movements 459 264,930 265,389 (20) 439 6,828 6,808 At 31 December 2024 271,758 272,197 Impairment At l January 2024 and 31 December 2024 Carrying amount At 31 December 2024 439 271,758 272,197 At 31 December 2023 460 264,929 265,389 All investments shown above are held at valuation. Investments represent pennanent endowmcnts and ar¢ inv¢st¢d in the Church of England's Central 16
THE HALIFAX IIUNSTER NOTES TO THE FINANCIAL STATEMENTS l¢¢>mthN YEAR ENDED 31 DECEMBER 2024 Board of Finance Inv¢siment Fun(L The interest and dividends from the investments aT¢ unrestricted funds and as such are paid directly into the Church's bank account and utilised by th¢ PCC for general purposes. 19. DEBTORS 2024 2023 Prepayments and accrued income 2,476 20. CREDITORS: amounts falllng due Mdthln one year 2024 2023 Trade creditors Accruals and deferred income (427) 8,493 1,300 875 8.066 2,175 21. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds Gains and losses 31 Dec 2024 L Jan 2024 Income Expenditure Transfers General funds Halifax Minster R¢s¢rv¢ TreasurylExhibition Fund Bellring¢LE Fund 26,585 243,303 (242,356) (20) 27,512 62,414 62,414 105 650 105 920 270 89,754 243,573 (242,356) (20) 90,951 Gains and losses 31 D¢¢ 2023 l Jan 2023 Ineom¢ Expenditure Transfers General funds Halifax Minster Reserve Tre&surylExhibilio Fund Bellringers Fund 51,642 234,101 (224,165) (35,000) 26,585 27,414 35,000 62,414 105 650 105 650 79,811 234,101 (224,165) 89,754 17
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 21. ANALYSIS OF CHAIUTABLE FUNDS (continwed) Restricted funds Gains and losses 31 Dec 2024 l Jan 2024 Income Expenditure Education Fund Bishop's Development Fund Fri¢nds of the Music Fund Pilling (Organ & Toilet) Fund Greenwood Fund Waterhouse Memorial Fund Benefact Trust Grant- driveway Altar and lectern Mother union CFFC - Summ¢r Festival Bishop's Dcvelopment Fund - Sumer Festival Calderdale Council Wat¢rhouse- towards lecturer's costs Sir George Martin Fund SWY NHS Partnership Conservation Management Plan 1,600 1,000 2,600 825 825 14,556 51,294 (40,837) 25,013 7,937 25,586 26,025 (30,900) 3,062 25,586 2,302 2,302 593 12,309 193 593 10,753 197 (1,556) (405) 409 3,000 (3,000) 5,000 400 (5,000) (287) 113 250 1,500 1,000 {250) 1,500 ( 1,000) 8,730 8,730 65,901 98,608 (83,235) 81,274 18
THE HALIFAX MINSTER NOTES TO THE FINANCIAL STATEMENTS (¢omfittHed) YEAR ENDED 31 DECEMBER 2024 21. ANALYSIS OF CHARITABLE FUNDS (co•thtsÉdJ Gains and losses 31 Dec 2023 l Jan 2023 Income Expenditure Education Fund Bishop's Development Fund Friends of the Music Fund Pilling (Organ & Toilet) Fund Greenwood Fund Waterhouse Memorial Fund Ben¢facl Thist Grant - driveway Motber's Union Altar and lectern Leeds Dioc¢s¢ heating fund CFFC - Summer Festival Bishop's Developmenl Fund - Sumer Festival LDBF - church building fund Calderdale Council Waterhouse - towards lecturer's costs Sir George Martin Fund SWY NHS Partnership Conservation Management Plan 600 1,000 1,600 825 825 19,243 9,507 (14,194) 14,556 (2,036) 25.586 12,185 {2,212) 7,937 25,586 2.302 2,302 593 593 193 12,609 193 13,865 (1,556) 1,448 (1,448) 4.000 (4,000) 666 (666) 1,540 3,500 (1,540) {3,500) 250 (250) 47,113 48,154 (29,366) 65,901 19
THE HALIFAX MITrISTER NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 21. ANALYSIS OF CHARITABLE FUNDS (¢ovrfnue4J Endowment funds Gains and losses 31 Dec 2024 l Jan 2024 Income Expenditure Trust fimd 264,930 6,828 271,758 Gains and losscs 31 D¢c 2023 l Jan 2023 Income Expenditure Trust fid 245,621 19,309 264,930 22. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2024 Tangible fixed assets Investmcnts Current assets Creditors l¢ss than l year Net assets 1,370 18,313 439 62,522 19,683 272,197 160,169 (8.066) 271,758 97,647 (8,066) 90,951 81,274 271,758 443,983 Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than l year Net assets 1.594 13,228 460 52,213 14,822 265,390 142,548 {2,175) 420.585 264,930 90,335 (2,175} 89,754 65,901 264,930 23. OPERATING LEASE COMMJTMENTS The total tllre minimum leasc paymcDts under non-cancellable operating leases are as follows: 2024 2023 Not lat¢T than l year Later tlian l year and not later than 5 years 3,816 5,874 1,638 9,690 1,638 20
THE HALIFAX MINSTER MANAGEMENT INFORMATION YEAR EIN'DED 31 DECEMBER 2024 The following pages do not form part of the financial statements. 21
THE HALIFAX MINSTER DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 2024 2023 Income and endowments Donations aDd legacies Planned giving bank Plann¢d giving envelopes Lose plate Collections Giving through church boxes One off gift aid gifts Donations, app¢als ¢t Gift aid tax refund Grants receivable 37,810 8,048 28,654 16,433 2.581 43,780 17,121 10,806 35,504 10,632 27,380 19,035 6,748 14,735 18,793 19,338 165,233 152,165 Charitable activities Music department income Education department Bellringers income Fees for weddings and funerals Evcnts 50,019 369 1,055 7,663 58,465 15,507 981 1,740 8,038 45,828 117,571 72,094 Other trading aCtItIeS Shop income Minster hire Printing and bat)ner space Sundry in¢om¢ 18,228 20,528 7,494 24.163 11,161 9,276 2,870 46,250 47,470 Investment Income Deposit account interest Income from endowmcnts 5,515 7,612 3,872 6,654 13,127 10,526 Total income 342,181 282,255 22
THE HALIFAX MINSTER NOTES TO THE DETAILED STATEME]YT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 2024 2023 Expenditure Costs of raising donations and legacies Cost of stewardship schem¢ 74 93 Costs of other trading activities Shop costs 15,039 17,515 Parish share Clergy ¢xpenses Upkeep of services Bell ringers Funeral dispersions (Page 23) 57,729 4,712 8,492 460 6,024 77,417 52,481 5,161 6,380 980 6,838 71,840 Expendfiture on ¢harltable a¢tlvitie$ Wagcs and salaries Minster running costs - gas Minster running costs - water Minster running costs - electricity Minster running costs - maintenance MinisteT running costs - insurance Minster cleaning Legal and professional fees Minst¢r n]ng costs - telephone and broadband Other office ¢osts Depreciation Minster giving Publicity and PR Training and conferences Minster major repairs Rent and expenses of office (Page 14) 48,17 5,974 283 6,156 9,619 8,644 9,527 2,246 1,655 13,083 2,039 5,678 8,819 38,248 8,104 268 4,466 6,638 8,517 5,693 5,402 1,321 17,974 1,780 4,917 8,985 402 1,848 4,566 3,485 4,S66 130,004 119,129 Music department Music departrnent costs Education department Education departtnent costs Events Evcnt costs 72,358 16,406 669 30,699 27,879 Total expendlture 325,591 253,531 23