THE PARISH OF ELY HOLY TRINITY WITH ST MARY
Annual Report
and
Financial Statements
of the
Parochial Church Council for the Year Ended 31 December 2024
Whiting LLP George Court Bartholomew's Walk Ely Cambridgeshire CB7 4JW
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY INDEX TO THE FINANCIAL STATEMENTS INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024
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|---|---|---|---|---|
|INDEX|PAGE|
|Information|3|
|Report of the Trustees|4-10|
|Independent Examiner's|Report|11|
|Statement of Financial|Activities|12|
|Balance|Sheet|13|
|Notes|to the|Financial|Statements|14-24|
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024
| incumbent Priest inCharge |
TheRevd P Marshfrom TheRevd P Marsh until |
1 December2024 30 November2024 |
|---|---|---|
| TheVicarage | ||
| StMary's Street | ||
| Ely | ||
| Cambridgeshire | ||
| CB? 4HF | ||
| Clergy | Revd J Hickish | NSM AssistantCurate |
| Revd P Marsh Revd R Holmes RevdM Creber-Davies |
Priest in Charge / incumbent Curate until26May2024when curacy finished Team Vicarfrom6 November2024 |
|
| Churchwardens | Ms PCrooks MrKRawson Ms |
. Taylor |
| Licensed Lay Ministers (LLMs; ex officio) |
MrPAH Coutts MrG Biss |
(Church Treasurer) (ChristChurch fead} |
| Othertrustees | MrD Brown | |
| Mrs K Coutts | ||
| Mrs L Frost | ||
| MrsS Lorden | Until28 April 2024 | |
| MrsV Lupson MrD Morley |
(LayVice- ChairofthePCCfrom20May2024) | |
| Mrs S Morley | ||
| Mr R Mould MsA Philips |
(ex officio Deanery Synod rep) | |
| MsJ Pike MrsASanger Mrs L Sayers |
(ex officio Deanery Synod rep) From 28 April 2024 |
|
| Mr P Smyth | ||
| MrA Sykes | ||
| MrD Tye | ||
| Mrs BWalker Mrs C Watson |
(Lay Vice-Chairof the PCC until28 April 2024) | |
| MrM Whittle | ||
| DrPWoodbridge | (exofficio DeanerySynod rep) | |
| Principal Bankers | Lioyds Bank pic | |
| Minster Place | ||
| Ely | ||
| CB7 4EN | ||
| Independent Examiner | ANewman | |
| Partners ofWhitings LLP | ||
| George Court | ||
| Bartholomew's Walk | ||
| Ely | ||
| Cambridgeshire | ||
| CB7454 | ||
| RegisteredCharityNumber | 1133993 |
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Background
The PCC is a corporate body established by the Church of England. it operates under the PCC Powers Measure and is a registered charity, number 1133993.
The PCC works in co-operation with the churchwardens, clergy and fay members of the church in promoting the mission of the Lord’s people within the Ecclesiastical Parish of Ely. The parish comprises the whole of the City of Ely and the villages of Prickwillow and Queen Adelaide, but members of St Mary's also provide ministry to Holy Cross, Stuntney, and St Michael and All Angels, Chettisharn. Where appropriate we also cooperate with the locat leaders in the other Ely Team churches (St George's Little Thetford, St James's Stretham, St Leonard's Little Downham).
PCG members are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules 2020. The following served as members of the PCC during 2024:
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|---|---|---|---|---|---|---|---|---|
|Ex-Officio|
|Clergy|
|Revd|Matthew|Creber-Davies|Team|Vicar from 6|November 2024|
|Revd|Phil|Marsh|Priest|in Charge|until|30 November 2024|then|Incumbent|
|Revd|Ruth|Holmes|Curate|until 26 May 2024|
|Churchwardens|Licensed Lay Ministers (LLMs)|
|Ms|P|Crooks|until|28|April|2024|Mr P|Coutts|
|Mr K|Rawson|from 28|April|2024|Mr G|Biss|
|Ms|L|Taylor|
|Deanery Synod Representatives|
|Mr|R|Mouid|
|Ms|J|Pike|
|Dr P|Woodbridge|
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Elected Members
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|---|---|---|---|---|---|---|---|---|
|Retired/(re-)elected 2024|Due|to|retire|2025|Bue to retire 2026|Due to|retire 2027|
|Mrs|S|Lorden|(retired)|Mrs|L|Frosi|Mr D Brown|Mr D Morley|
|Mr D|Morley|(re-elected)|Mrs V Lupson|Mrs|K Coutts|Mrs S|Morley|
|Mrs|S|Morley|(re-elected)|Ms A|Philips|Mrs|L Sayers|Mrs A Sanger|
|Mrs A Sanger (alected)|Mr A Sykes|Mr P|Smyth|
|Mr D Tye|
|Mrs|B|Walker|
|Mrs|C|Watson|
|Mr M|Whittle|
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There is a Standing Committee as required by law which transacts urgent business, if required, delegated to it by the PCC.
The PCC is also related by a Pastoral Measure to other parishes in the benefice of the Ely Team Ministry.
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 34 DECEMBER 2024
PCC meetings in 2024 were hybrid meetings with the vast majority of members physically present. The average attendance was 74.6%. Eight routine business meetings were held in January, February, March, April, June, July, September, and November. The PCC enjoyed a social evening in May when the original purpase of interviewing a potential Team Vicar did not materialise. An Away Day was held in May to introduce the concepts of Living in Love and Faith (LLF) to the PCC and start the process of discerning how to discuss this topic with the wider church. A PCC sub group was formed to continue this discernment. The Standing Committee of the PCC also met regularly to support the Ministry Tear, to prepare for PCC meetings and to deal with any business that arose in between them. The Annual Parochial Church Meeting (APC), at which the previous year's accounts were accepted and PCC members elected, was held in person in April. It was attended by 58 mernbers of the church communily, including PCC members.
The church has continued to be used for 3 weekly services on Sundays and the Market Day Communion on Thursdays. Separate mid-week events are run for Under ts, Under 5s and Primary Schoo! age children. Many other events regularly take place taking full advantage of the new flexibility offered. These include Open Space and Bereavement Café for the benefit of the wider Ely community. A full prograrn of services was offered for both Easter and Christmas including a repeat of the Blue Christmas service. ChristChurch continues to provide a weekly service in the Isle of Ely school. ChristChurch aiso offers regular support to the Orchards care home.
Both the church and the church rooms are regularly booked by various external organisations. This usage is steadily increasing as it was hoped that the building transformation in 2022 would achieve.
The PCC is also responsible for the Church Rooms adjacent to the church, but all clergy houses are the responsibility of the Diocese.
Administrative Information
incumbent Revd Phil Marsh from 1 December 2024 Priest in charge Revd Phil Marsh until 36 November 2024 Bank The Vicarage, St Mary’s Street, Fly, CB7 4HF Office StLloyds Mary’s BankChurch,pic, MinsterSt Mary’s Place,Street,Ely, CB7Ely, CB7 4EN 4HE
Objectives
The objectives of the PCC continue to be the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England, and to reach every home in Ely with the good news of Jesus. In 2024 we continued to seek to honour our “Whoever you are, wherever you come from, you're weicome here!" invitation. The worshipping community of ChristChurch North Ely, established in the isie of Ely School in 2016, continued to serve the north of the city and develop its own vision within the same guiding principles.
Resources
Annual Report on Fabric, Goods and Ornaments
Thanks
As always, we are very thankful for everyone who gives up their time and energy to maintain our buildings and grounds so well. We are particularly grateful to Derek Tye who leads the building team, organising and overseeing the maintenance of buildings and grounds. However, it takes a team, and if you are one of the cleaning team, flower team, garden, or maintenance team who have carried out tasks so diligently, and largely unseen, this is for you. THANK YOU!
Quinquennial Inspection Report & Repairs
Next QI inspection is due in July 2026. Recommendations in the previous report included replacement of cracked ridge tiles on the nave roof, loose tiles on the chancel roof, repairs to mortar on walls and buttresses, and repairs to hoppers and downpipes. Some items have been completed as part of the original building transformation project.
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
In 2024 new hoppers and downpipes were fitted to the South Nave which has stopped the moisture entering the building during heavy rainfall. However, the walls have not dried out for them to be redecorated. We are seeking advice, but it looks like we will need to remove the plaster to allow the walls to dry out completely as the damp seems trapped in the wall. Critical work is being planned for this coming year.
Church Grounds
St Mary’s church grounds are classified as a ‘closed churchyard’ which means that burials no longer take place. A small area of ground at the rear of the church building is set aside for the burial of cremated remains. The maintenance of the perimeter walis, trees within the grounds, and the grounds themselves is the responsibility of East Cambs District Council (ECDC). in this year ECDC have continued to care for the church yard. They have carried extensive works fo the trees within the grounds and cleared the overgrown shrubs in the area which adjoins the houses in Church Lane. This has allowed more light into the gardens of those houses. The two Yew trees by the church entranced are still waiting fo be pruned. We wish to place on record our sincere thanks to ECDC, and particularly their employees who maintain the grounds to such a high standard.
Church Property Register
The Church Property Register includes the inventory which records all items belonging to the church anda detailed record of all alterations, additions and repairs carried out. One of the duties of churchwardens is to check the inventory at feast once a year. The Church Property Register is now digital, and we have added photos of items such as the silverware to make identification easier in the future. A new secure safe has been installed in the Vestry which contains the silverware and a fireproof storage for the church registers.
Plans for 2025
BTP 2.0 is going ahead. This will include the remodelling of the WCs, including being more accessible for disabilities. Consideration is also being given to storage and office space.
Finance
Total income in 2024 was £356,244 (2023 £335,082), of which £250,746 was general (unrestricted) income and £105,499 was restricted to specific purposes. £42,553 of this restricted income was for the Building Transformation Programme (BTP1 and BTP2), £50,077 (2023 £24,830) for the CAP Debt Centre: £5,411 for charity and mission causes other than CAP: £6,250 for church heating and work within St Mary’s with older people; and £1,208 for replacement of the bell ropes, Unrestricted income rose by about £16,500 over the year; of this individual giving including Gift Aid was up £7,400, and there were also increases in income from weddings, funerals, hire of premises and interest rates.
The £250,746 of unrestricted income was raised through the Church's everyday activities: £161,964 (2023 £154,862) from unrestricted personal giving: £33,367 (2023 £33,069) from Gift Aid on these gifts; £42 853 (2023 £35,143) from fees and hire charges; £8,410 (2023 £6,655) from investment income; and £4,152 (2023 £4,422) raised in other ways. This figure of £250,746 includes income items netted off against expenditure in the Management Accounts (£1,194) and includes expenditure items netted off against incame in the Management Accounts, mainly wedding & funeral expenses (£14,298). When netted down, this gives the overail general income of £235,254 shown in the Management Accounts.
Total spending in 2024 was £303,155 (2023 £339,294), of which £256,574 was spending of unrestricted funds and £46,581 was spending of restricted funds. £12,962 of this restricted expenditure was on the Building Transformation Projects (BTP1 + BTP2); £22,745 was on running the CAP Debt Centre: £6,508 was funds raised and sent to our various charity and mission partners; £3,125 was on heating: £1,208 was on bell rope replacement and £33 on work with elderly people. The £256,574 of unrestricted expenditure includes expenditure items netted off against income in the Management Accounts (£14,298), mainty wedding, funeral and memorial expenses; it also includes income items netted off against expenditure in the Management - Accounts (£1,194). When netted dewn, this leaves a figure of £244,082. This figure, plus transfer to reserves (£10,000), less Year 3 depreciation of BTP items (£22,500), gives the overall general spending of £228,582 shown in the Management Accounts.
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Thus we ended the year with a net unrestricted deficit of £5,829, which affer allowing for the £10,000 reserves transfer and £22,500 depreciation, corresponds fo the £6,671 surplus on our everyday income and expenditure shown in the Managements Accounts.
Total unrestricted giving including Gift Aid was £195,331, which was £7,400 up on 2023. Eight new members started regular giving whilst twelve left, so the number of regular (monthly, quarterly or annual) givers decreased by four to 129 (2023 133), of whom 101 were using the Parish Giving Scheme. Of the existing donors 52 increased their monthly commitments during the year whilst three reduced theirs,
The largest single item in our spending was £104,748 (2023 £98,111, 2022 £89,551) on the ‘Ministry Share’ paid fo the Diocese, to cover the clergy and central church costs. Giving to our charity and mission partners (including our contributions to the CAP Debt Centre) was £22,964, of which £8,969 came from fundraising and £13,995 from general church funds. Fundraising income was ower than hoped, so an additional amount was allocated from general church funds in order to meet our target for giving, with 10.0% of our relevant unrestricted income being devoted to charitable giving.
Building Transformation Projects (BTP1 and BIP2) BTP1: During 2024 £4,871 of VAT was recovered, and £6,133 was spent on the project. With the balance of £21,107 brought forward the balance of funds available at the year-end was £19,845. The estimated cost of remaining elements of BTP1 exceed this sum by approximately £2,000, BTP2: During 2024 £37,683 including gift aid was donated for the BTP2, and £6,829 was spent on the project. With the balance of £54,947 which was brought forward, the balance of funds available at the yearend was £85,801.
CAP Debt Centre During 2024, £53,392 (2023 £26,535) was donated for this project, of which £3,495 was provided from St Mary’s PCC general funds, £11,252 given by other churches, £19,175 came from grants, £16,910 given by individuals and £2,560 came from fundraising. £26,060 was spent on the Debt Centre, giving an operating Surplus of £27,332 for the year. A balance of £26,916 was brought forward from 2023, and a balance of £54,248 is carried forward to 2025,
CAP Debt Centre Insolvencies Fund A balance of £2,097 was brought forward from 2023 in this fund, which exists to help clients pay insolvency fees. £180 was received for this fund and £180 was spent during the year, meaning a balance of £2,097 is carried forward to 2025. Reserves
The PCC reviews its Reserves Policy each year; it was last revised on 1 April 2019. For General Reserves the aim is to Keep two months’ running costs (cE35,500 in 2024) to cover unforeseen emergencies, and at 31 December £38,000 was held in the General Reserves fund (note 10a), meaning our General Reserves requirement is met. For Building Reserves the aim is to have £50,000 of funds designated for building repair work by the time of each Quinquennial Inspection. The balance held in Building Reserves at the year-end was £86,700, so this reserves requirement was also met. The Building Reserves are not restricted funds, they are funds from genera! income which the PCC has designated for the purpose of building repairs, but they are still available to spend as the PCC chooses. The PCC aims to replenish these reserves when possible each year: a total of £10,000 has being budgeted for this purpose in 2025,
Risk Management
The Trustees have examined the major Strategic, business and operational risks which the PCC faces and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate Steps can be taken to lessen these risks.
The main risks that affect the PCC are: a) an unexpected fall in income, which is mitigated by the General Reserves fund: b} damage to buildings, which is mitigated by insurance: c) unexpected buildings repairs, which is mitigated by the Buildings Reserves fund: and d} breaches of safeguarding, which is mitigated by the PCC's safeguarding policy, training and DBS checks.
Fundraising Statement
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. In relation to the above we confirm that all solicitations are fanaged internally, without involvement of commerciai participators or professional fundraisers, or third parties. The day-to-day management of all income generation is delegated to the charity's management team.
People
There were 298 people on the church’s Electoral Roll at the time of the 2024 APCM (held on 28 April), including 22 who worshipped at ChristChurch North Ely and 64 who lived outside the parish (our thanks to Elizabeth Anderson, our Electoral Roll Officer, for this information). We continue to welcome all who wish to worship the triune God with us and seek to enable as many as possible fo discover and exercise their ministries for Christ, both within and outside the church community.
Safeguarding
Our safeguarding team, headed by Revd Phil Marsh, Mrs Sue Morley, Mrs Chris Watson, continued to coordinate the requiar cycle of DBS checks and safeguarding training required by the diocese. Mrs Ruth James compieted role descriptions for all leadership roles and continued to heip with the training administration. individual team teaders are now responsible for the roie descriptions for their team members. The safeguarding team rolled out our Safer Recruitment guidelines to all our team leaders. The PCC is conscious of the need to have ‘due regard’ to safeguarding guidance issued by the House of Bishops, including both policy and practice guidance, and it reviewed and approved the church's Safeguarding policy at its March meeting. Safeguarding is a standing item on the agenda for all Standing Committee and PCC business meetings.
Staff
Revd Phil Marsh has continued to biess us ail with his inspiring leadership throughout the year. He has been ably supported by Liz Taylor as Church Warden throughout the year, initially alongside Poppy Crooks until the April APCM and then by Keith Rawson as the second Church Warden. In addition, we were further blessed by the ministry of Revd Ruth Holmes as our curate until May when she moved on to take charge of her own parish.
We were delighted that Luke Davies joined us as Children and Families Minister in July and Matthew CreberDavies then joined as Team Vicar in November. We look forward to benefitting from the combined leadership of Phil, Mathew and Luke.
We are very grateful to Jeremy James, Stephen Leeke and Karen Burnett-Hall, our retired clergy, who continue to give of their time and energy so generously throughout the year in support of the leadership team. We were further supported by Richard Darmody and Paul Foster who further enhanced our retired clergy support during the year. itis equally important to recognise everyone élse ~ our office staff, LLMs and other volunteers — who played their part in making sure that the ministry and mission of St Mary’s could continue through another challenging year.
Discussions about the future structure and financing of the Ely Deanery, of which St Mary’s is a part, continued in 2024, concluding with the establishment of the Ely Team Benefice on 1 December, This benefice comprises St Mary’s Ely including ChristChurch, Holy Cross Stuntney and St Michael and All Angels, Cheittisham.
The policy of the PCC for the staff whose pay we set is to ensure our default pay increase will be the same percentage as the Ely clergy increase for the year (5% in 2024), and that none of our employees earns below the ‘Real Living Wage’. Having provided an enhanced increase in 2023 we reverted to our policy and provided 5%, to match the clergy increase in 2024.
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Signed on behalf of the PCC by: LEE Mr Keith Rawson Churchwarden
IPL A Ms Liz Taylor Churchwarden
JHtleaoas Date
9
PAROGHIAL CHURCH COUNCIL OF THE PARISH GF ELY HOLY TRINITY WITH ST MARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ RESPONSIBILITIES STATEMENT
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stendards (Unifed Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and falr view of the state of affairs of the charity and of the income and application of resources of the charity for that period. In preparing these financial statements, the trustees are required ta:
-
select suitable accounting policies and then apply them consistently;
-
. observe the methods and principles in the Charities SORF (FRS 192) October 2019 * make judgments and estimates that are reasonable and prudent: * State whether applicable accounting standards have been followed, subject to any materiaf departures disclosed and explained in the financial statements:
-
« Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Signed on behalf of the PCC by:
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été ab
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Team Rector
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ISH. Aor . FO?_S
bee vette nesses eens
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INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY FOR THE YEAR ENDED 31 DECEMBER 2024
| report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 14 to 20.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). [ report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner's report
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records Ht also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below.
independent examiner's statement
i have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements concerning the form 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 fair view’ which is not a matter considered as part of an independent examination | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A Newman F.C.A. Partner of Whitings LLP George Court Bartholomew's Walk Ely Cambridgeshire CB? 4JW Date: {G-t¢-7 5°
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PAROCHIAL CHURCH COUNCH, OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
STATEMENTOF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2026
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2024|20z4|2024|2024|2023|2023|2023|2023|
|Unrescricted|Restricted Funds|Endowment|Funds|Unrestricted|=|Restricted Funds|Entlowment|
|Fureds.|TOTAL|emte|TOTAL|
|Nate|Funds|Funds|ronps|Fands|Fands|Funds|PuNDS|
|INCOME|La|£|Eg|£|£|F3|E|£|
|Voluntary income|aa|198,316|108,489|is]|303,808|291,857|100,930|>|292,787|
|Activities|for|generating funds|ab|206,038|0|fe|26,038|16,392|o|ie)|44,39)|
|Income from investments|Pa|8,410|G|6|8,410|6,655|oO|a|6,655|
|Church charitable activities|ad|23,988|°|qa|23,988|21,249|it}|a|21,249|
|TOTAL INCOME|250,745|165,499|a|356,244|234,252|100,930|g|335,082|
|EXPENDITURE|
|Cast of generating voluntary incoate|32|660|G|is]|ct)|g|i]|is)|a|
|Church charitable activities|3b|255,914|46,581|a|362,495|236,985|202,329|ie|349,284|
|TOTAL EXPENDITURE|256,574|46,581|a|303,155|236,965|102,329|o|339,294|
|MET INCOME /|{EXPENDITURES BEFORE|“5,829|SRS18|Li|53,089|2,814|“L398|a|Ae|
|GAINS|(LOSSES) ON INVESTMENTS.|
|TRANSFER OF FUNDS|3|o|G|ie)|o|a|a|Q|tt]|
|GAINS|f|(LOSSES) ON INVESTMENTS|
|Fuad correction|is}|a|fe|0|ej|i)|
|NET MOVEMENT IN FUNDS|$829|58,918|a|33,089|“2,B14|1,398|o|ABR|
|TOTAL FUNDS 8/FWD 1|JANUARY|158,535|108,167|a|264,702|361,349|187,565|a|268,914|
|TOTAL FLINDS C/FWD 34 DECEMBER|TAZ,|706|165,085.|a|317,793|458,535|106,167|@|264,702|
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PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
| BALANCE SHEETASAT 32 DECEMBER 2023 | BALANCE SHEETASAT 32 DECEMBER 2023 | BALANCE SHEETASAT 32 DECEMBER 2023 | ||
|---|---|---|---|---|
| Note | 2024 | |||
| £ | ||||
| FIXED ASSETS | ||||
| Tangible fixed assets | 6a | 22,500 | ||
| Investment assets | 6b | 0 | ||
| 22,500 | ||||
| CURRENT ASSETS | ||||
| Debtors | 7a | 9,704 | ||
| Shortterm deposits | 7b | 248,886 | ||
| Cash at bank | 7c | 40,592 | ||
| 299,182 | ||||
| UABILITIES:; AMOUNTS FALLING DUE | WITHIN ONE YEAR | |||
| Creditors | 8a | -3,891 | ||
| NETCURRENTASSETS/(LIABILITIES) | 295,291 | |||
| LIABILITIES:AMOUNTS FALLING DUE | MORETHAN ONE YEAR | |||
| Loans | 8b | ie) | ||
| NETASSETS (Total assets tesscurrent liabilities) | 317,791 | |||
| PARISH FUNDS | ||||
| Unrestricted | 10a, 10b, 10c | 152,706 | ||
| Restricted | 10a, 10b, 10c | 165,085 | ||
| Endowment | 10a, 10b, 10c | Q | ||
| 317,791 | ||||
| Approved by the Parochial Church Council on 27/01/2025 and signed on its behalf by: | ||||
| ah oe |
gee | A | ge | |
| ETaylor | K Rawson | |||
| Churchwarden | Churchwarden |
Approved by the Parochial Church Council on 27/01/ 2025 and signed on its behalf by:
13
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
ta Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2016) - (Charities SORP (FRS 102)). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include ail 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. (e.g. Flower Group, Bell Ringers, Monday Club). The financial statements have been prepared to give a ‘true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 (FRS 102) (effective 1 January 2016, updated October 2018) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity, registered in England, United Kingdom, has taken advantage of the exemption in FRS102 {as amended by the SORP Bulletin in February 2017) from the requirement to produce a cash flow Statement on the grounds that it is a small charity.
1b Going Concern
The PCC has set a prucent budget for 2025, with the expectation that income will be sufficient to cover expenditure. The PCC also holds £36,400 in General Reserves which can be used if required to cover unplanned falts in income. The Trustees consider the resources available to the PCC will be sufficient for it to continue as a going concern. In addition, the largest expenditure faced by the PCC is the Ministry Share payment to the Church of England. Whilst this is a moral requirement, there is no legal commitment to make this payment and in extremis, these payments could be reduced or ceased. The financial statements do net contain any adjustments that would be required if the PCC were not able to continue as @ going concern.
1c 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.
Expendable endowment funds are funds that must be invested to produce income. There is no actual requirement to spend the principal for the purposes of the charity unless or until the trustees decide to. income generated from expendable endowment is no different from income generated from permanent endowment, and should be spent for the purpose of the charity within a reasonable time of receipt.
Restricted funds represent:
Cl income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and Q 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 each year must be carried forward as a balance on that fund. The PCC does usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
14
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds ot General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
1d Income
Voluntary income and capital sources
Donations, legacies and other trading income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Collections are recognised when received by, or on behalf of, the PCC. Planned giving receivable under covenant and gift aid is only recognised upon receipt. Income tax recoverable on covenants or gift aid donations is recognised at the same time the covenant or gift aid donation is recognised.
income from grants is recognised when there is evidence of entitlement to the grant, receipt is probable and its amount can be measured reliably. Evidence of entitlement of the grant exists when the formal offer of funding is cornmmunicated in writing to the PCC. However, some grants will contain terms or conditions that must be met before the PCC has entifement to the resources.
Income fram investments
investment income includes income from investment assets, including dividends and interest receivable, but excludes realised and unrealised investment gains and losses.
Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year. interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. This is normally upon notification of the interest paid or payable by the bank.
Gains and losses in investments
Realised gains or losses are recognised when investments are sold. U nrealised gains or losses are accounted for at 31 December.
Activities directly relating to the work of the Church
The parish share is accounted for when payable. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
ie Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Ail expenditure is accounted for on an accruals basis.
Expenditure on charitable activities includes grants made to institutions. 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. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is recognised when incurred.
1f Fixed Assets
Consecrated land and buildings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts by s.10(2)(a) and (c) of the Charities Act 2011 and as such, these assets are not capitalised in the financial statements.
15
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
No value is placed on movable church furnishings held by the churchwardens on Special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year in consecrated or benefice building and movabie church furnishings, whether maintenancedisclosed. or improvement, is written off as expenditure in the SOFA and separately
Other fixtures, fittings and office equipment
Equipment used within the church prernises is depreciated on a straighitine basis over 4 years. Individual items of equipment with a purchase price of £3,000 or less are written off when the asset is acquired.
Heritage assets
Hentage assets are recognised at cost, but are not recognised on the balance sheet as information on the cost of the assets is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the financial statements and to the PCC.
The Charity owns six pieces of silver belonging to the Church, which are held in safekeeping at the Fitzwilliam Museum, Cambridge. These Items acquired before the 1 January 2008 have nat been capitalised because the cost of doing so is not practicable in accordance with section 18 of the Charity SORP 2015. These are the only heritage assets owned by the charity, and there have been no other heritage asset transactions or movements in the previous five years.
investments
Fixed asset investments are held to generate income and exclude investments held specifically for sale or investments that are expected fo be realised in the next 12 months. Investment gains and losses, whether realised or unrealised, are combined and shown in the Staternent of Financial Activities.
Unlisted equity investments are measured initially at cost and subsequently measured at fair value at 31 December.
ig Current assets
Amounts owing ta the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
Short-term deposits inciude cash held on deposit either with the CBF Church of England Funds or at the vafious banks.
th Financial instruments
The charity only has financial assets and liabilities that qualify as basic financial instruments, which are all measured at cost.
1i Key sources of judgement and estimate uncertainty
No significant judgements, accounting policies or assumptions have been made by management in applying the charity's accounting policies.
46
PAROCHIAL CHURCH COUNCK. OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2. INCOME|2824|2014|20248|2024|2023|2023|2623|2033|
|Unesticced|=|Restyikted Funds|Endowment Fendy|ror|Unwestricted|— Raswicted funuis|Endowment|roras|
|2¢|Funds|funds|Funds|runas|Funds|Funds|Funds|ruNos|
|Voluntary income|£|£|é|£|£|£|£|£|
|Planned|gheing:|
|Gift Aid donations|127,050|227.080|229,062|129,063|
|Fax recoverable Excl GASOS|34,762|31,762|32,265|32,265|
|Other|planned giving not gifl aided|19,228|49,228|11,687|43,657|
|Cash collections|15,687|15,687|14,145|14,345|
|Tax recoverable GASDS|3,604|1,684|B04|804|
|interest on prev year Gift Aid|it)|it]|
|Fundraising|for charities:|
|Furds raised for TRWL|697|69?|$16|616|
|Tax recoverable an TKWL|donations|5a|i?|100.|400|
|Funds raised for Chitd Sac|1,314|4,314|78S|765|
|Tax recoverable an Chikd Soc donations|88|38|65|€5|
|Funds raised for|Christian Aid|Lars|LOTS|agi|481|
|Tax recoverable on Christian Aid donations|239|339|31|Ba|
|Funds raised for Climate Stewards|OTA|974|3,034|1,034|
|Fax recoverable on Climate Stewards|28|2B|3|E)|
|Funds raised for Other Charities|78|79|247|247|
|Tax recoverable on Other Charity donations|i)|8|a|a|
|Funds raised far 2023 Earthquake Appeal|ie]|o|3,330|3,330|
|Tax recoverable on Earthquake Appeal|ij|a|863|663|
|Ministry:|
|Elderberries|- donations|2,500|2,500|i|o|
|Tax recoverable|ant Eiderberties donations|625|825|a|o|
|Courses|a|o|20|20|
|Sundry|inc gift to leavers|E13|2133|2,920|1526|
|Running items:|
|Heating|- donations|2,500|2,500|ce)|
|Tax recovered on Heating Donations|625|625|o|
|VAT|recovered on maintenance expenditure|ave|479|0|
|Youth Event income|128|125|G|
|Thursday Coffer|fe)|4,875|1,675|
|Contribs to catering & social|19|19|321|341|
|Capital|items:|
|Donation for Belropes|LAO|4101|0|
|Tax recoverable an fellropes donations|106|106.|g|
|VAT recovered on Specist Capital items|242|242|iy)|
|Building|Project 1 (8TP4) VAT recovered|4,871|487i|33,636|33,636|
|Building Project|1 (ATP) grants from trust funds|Qa|Qo|17,000|47,000|
|Building Project 2 (BTP2)|30,765|30,765|35,155|15,155|
|Tax recoverable on BTP2 donations|6,918|6,918|2,968|2,968|
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1?
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
NOTES TO TRE FIHANCIAL STATEMENTS FOR THE YEAR ENDED 3% DECEMBER 2024
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Debt|Centre:|
|Gifts for CAP Debt Centre|46,687|46,487|22,844|22,844|
|Tax recoverable on donations tor CAM Debt Cenire|3,220|3,220|3,172|LAL|
|Gifts for CAP Debt Centre Insolvencies fund|180|180|4a|440|
|Tax tecoverable on donations for CAP Insolvencies fun|ie]|Ey|378|378|
|Monday|Club:|
|Monday Club income|tt)|oO|6|&|
|2b|Activities|for generating funds|398,310|105,499|6|302,808|191,887|100,930|a|292,787|
|Hive of factities & Catering|18,412|18,422|13,290|13,894|
|Donations far voluntaes work|513|su|482|452|
|Office income|453|53|38|3a|
|Fundraising events|660|$60|
|Hookstall|+ study materials|b3]|tt]|7|7|
|20|favestment Incorne|20,038|0|i|20,038|14,391|G|G|24,391|
|Reserves account - CBF|4,583|4,582|1,552|1,552|
|Building cepairs|- CBF|6,825|6,829|5,182|5,102|
|2d|Incoming|resources from|charitable|actwithes|B10|8|a|8.420|6685|a|o|5,655|
|Fees from weddings & funerals|23,234|23,231|19,787|49,787|
|Memoria! plaque fees|PSF|SF|1,462|1462|
|23,988|o|i]|23,988|24,249|o|o|24243|
|TOTAL INCOME|258,798|205,499|g|356,248|224,354|308,930|&|335,082|
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18
PAROCHIAL CHURCH COUNCH OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
ROTES TO THE FINANCIAL STATEMENTS FGR THE YEAR ENDED 33 DECEMBER 2024
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|---|---|---|---|---|---|---|---|---|---|---|---|
|3. CHARITABLE EXPENDITURE|2824|2024|2024|2026|2023|2023|2023|2023|
|Verestsisted|Restricted|frcowrment|TOTAL|Uncestricted!|Restrictad|=|Endowment|«= TOTAL|
|Funds|Fonds|Funds|FUNDS|Funds|Funds|Funds|FUNDS.|
|3a Cost ofgenerating voluntary Income|€|£|Ez|£|£|
|Fundraising event costs|So|660|a|
|3b|Church|Charitable|activities|660|Ly|Q|680|9|a|a|G|
|Charity giving:|
|TKI.|3,300|Tt4|4214|2,520|FAG|3,236|
|Children’s|Society|3,500|402|4,902|2,501|Ro|3,331|
|Christian Aid|9|2,213|2,233|o|512|542|
|Climate Stewards|4500|1003|4,503|2,360|4,043|3a03|
|Other Charitable|g|79|79|20|247|287|
|2024 Earthquake appeat|G|a|&|2|2,993|3,992|
|2623|Jab Twinning|ts)|Qo|oO|160|0|160|
|BAinistry casts:|
|Parish share|104,748|104,743|98,111|98,311|
|Clergy expeases|799|798|818|818|
|Wedding Funeral & Mernoriat Costs|12,638|13,638|12,977.00|12,077|
|Evangelism|activities|3,950|3,850|4,575.80|4,576|
|Youthwark|3,005|3,805|2,782|2.782|
|ChyistChurch|2,884|2,884|3,325|G|4,325|
|Olderpeapie -'Etderberries’ fund|33|B3|fe|
|Gifts + misc events|2,485|2485|2,358|2,350|
|funning casts:|
|Gas & Electricity|iL2at|3,125|14,346|18,394.53|1,000|19,195|
|insurance, water, cleaning|18,073|28,073|40,500.71|10,504|
|Maintenance & repairs|5,235|5,235|4,744|4,744|
|Office expenses|3,791|3,792|4,038|4,038|
|Licences|2,245|3,249|1,323|1,323|
|Bank charges|364|364|216|226|
|(Independent examiner fee|864|864|804|804|
|Employment:|
|Admin|&|secretarial|31,938|31,938|27,539|27,539|
|Organists & Music Leaders|740|740|L295|1,295|
|Cleaners|765|76S|3,032|3,012|
|Children & Families Minister|8,407|BA07|8,669|oO|8,669|
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19
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
NOTES TO THE FINANCIAL SYATEMENTS FOR FHE YEAR ENDED 33 DECEMBER 2024
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|---|---|---|---|---|---|---|---|---|
|Equipment|depreciation|22,500|22,500|22,500|22,500|
|Beil rope replacement|753|1,208|2,958|6|
|Special Capital items|4.533|4,523|o|
|Building|Project 1 (8TP1)|a|6,133|6,133|is]|68,932|$8,932|
|Buliding Project 2 (BTP2)|6,829|§,B29|616|826|
|Debt|Centre:|
|CAP Debt Centre|3,495|22,565|26,060|2,520|23,360|28,880|
|CAP insalvencies fund|180|180|1,080|LQ8D|
|Monday Club expenditure|
|Monday Club expenditure|1,058|4,098|i)|ct]|
|TOYAL CHARITASLE EXPENDITURE|255,944.|45,583|g|302,895|236,965|402,329|a|338,294|
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20
PAROCHIAL CHURCH COUNCIL GF THE PARISH OF ELY HOLY TRINITY WITH SY MARY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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||||||
|---|---|---|---|---|
|4,|SALARIES AND STAEE|
|Salaries gross (inc empiayee tax, NIXPensions}|$5,236|$2,251|
|Employer National Insurance|a|0|
|Employes pension cantebutions|2,087|3,893|
|Totat|$7,333|34,154|
|The average number of employees was 6 {2023 5}. No employee earnad mare than £60,000 in the current ar prior year|
|The key management personnel for the year coraprise|the trustees,|
|The charity's trustees were|not paid and sid nat receive any benefits from employment|with the PCC (2023 Eni.|
|The trustees were reimbursed for expanses during the year as stated|in|note|12,|
|3. TRANSFER OF|FUNDS|
|No|transfers took|place|during|2024|
|Sa.|2024|2023|
|FIXED|ASSETS|FUNDS|FUNDS|
|Tangible|[Fixed]|[Assets]|£|£|
|Cost:|
|At 2 January|- Equipment|90,000|90,000|
|Addition - chairs and tabies|o|id|
|Addition AV system|- moveable|items|o|
|Depreclation:At 31 December|90,000|90,000|
|Atl January|45,000|22,500|
|Charge for the year|22,500|22,500|
|Atd] December|87,500|45,000|
|Net Gook vale|22,560|45,000|
|6b.|INVESTMENT ASSETS.|
|Balance|aé|at|01|January|
|Gains|.|0|
|/ Gosses)|fo)|a|
|Movement|hy|fal|
|Balance as at 31 December|i]|id|
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21
PAROCHIAL CHURCH COURCIL OF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
6,550 6,550 35,929 160,737 186,856 20,191 20,193 3,695 3,695 E) 284,702
NOTES TO THE FNANGAL STATEMENTS FOR THE YEAR ENDED 32 DECEMBER 2024
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|---|---|---|---|---|---|---|---|
|7. CURRENT ASSETS|
|7a|Debtors|
|Debtors|3,704|
|th|Short term deposits|5,784|
|CBF afc 1 COLA GIOS40010 General Reserves unrasinicted|40,500|
|CAF afe 7 COLA 6140540030 (Bulitings}|208,886|
|7c|Casts|at banks|248,385|
|Uoyds Bank pic accaunt 00153625,|46,592|
|S CREDITORS|40,592|
|Sa Creditors|due within one year|
|Current creditors|“4,895|
|Total|3,893,|
|8b Creditors due more then one year|
|Long|term|creditars|
|Total|o|
|NET TOTAL ASSETS.|387,791|
|3 FUND MOVEMENTS|
|Sa|Currant year fund|movemanty|
|Fond name|Balance at|Income|Expenditure|Treasfars|Gains|&|Ratence at|
|BL/O1/24|Losses|3a/i2/z4|
|Unrestricted General Funds|158,535|250,746|255,578|452.707|
|Rectricied BTP1 Project Funes|23,207|4873|“6,134|19.845|
|Restricted BTP2 Project Furdis|$4947|37,683|“6825|85,801|
|Restricted Sderberrias Furs,|a|3,425|Ee]|3,093|
|Restricted Other Funds|a|9.744|“9.748|°|
|Rastricted Monday Club Funds|1,058|o|“3,058|a|
|6|
|Restricted Debt Contre funds|26.916|49.897|“22,565|$4,248,|
|ToxalRestrictedFunds Debt Centre|intatvenry Funds|tennant2,097tien|er180|erate180|eterna|2,097HOOT,|
|$b Gomparetive fund movements|Satayoe at|Income|Exgonditare|Transfers|Galas &|Balance|af,|
|Fund name|94/81/2023|Loses|3ishef2og]|
|ASL 349|234,151|+236 965|158,535|
|Unrestricted Genecal fueds|39,403|50.636|48,932|23,107|
|Restricted BTP2 Project Funds|47,440|38,123|S16|Sagar|
|Rasestered|SEA|Project Funds|1,008|7.341|8342|8|
|Resteicved Dither Funds|2088|4|o|L098|
|Rasutcted Monday Club Funds:|a|
|28,261|2401s|Bae|2EE6|
|estrtonedRistricted Debt Cantre Fans|nna2,362|cntBa5|en71,080Nate|rere|2,087COTE,|
|Debt Centre iazetveney Funds|Penge|435,002|“338,204|a|8|264,702|
|Towat Furry|
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22
PAROCHIAL CHURCH COUNCK OF THE PARISH OF ELY HOLY TRIN REY WITH ST MARY
NOYES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECESBER 2024
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|---|---|---|---|---|---|---|---|
|10.FUNDS|2024|2023|
|10a|FUNDS|FUNDS|
|Unrestricted funds|£|£|
|Working Capital|284|13,912|
|General Reserves unvestricted|37,381|36,400|
|Buliding Reserves|Designated NOT restricted|86.596|60,367|
|Debtors:|8,204|6,550|
|Creditors:|3,891|3,595|
|Tangible fixed assets|22,500|45,000|
|YOTAL UNRESTRICTED FUNDS|232,706|158,535|
|106|Restricted|Funds|
|Buliding|Project (8TF1)|19,845|23,107|
|Building Project (BTP2}|85,802|54,947|
|Elderberries|Fund|3,093|
|Restricted Other Funds|Qo|6|
|Monday Club Fuod|a|1,098|
|CAP Debt Centre|Fund|54,248|26,926|
|CAP Debt Centre Insolvencies Fund|2,097|2,09?|
|TOTAL RESTRICTED FUNDS|185,085|106,267|
|The CAP Debt Centre Fund|is made up of two balances; the CAP Debt Centre which has finds dorrated|by|
|various churches,|grant-givers and individuals|to su|PPort the|operation|of the|fly CAP Dett Centre|and the|
|TAP Debt Centre|for insolvency|Fees resteitted|tp helping individuats|to pay insolvency fees,|
|the|dariors of|which wish|to remain anonymeys,|
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20 Endowment Funds
Permanent Endowment Funds
8&
Expendable Endowment Funds
i] 9 TOTAL ENDOWMENT FUMOS a
6 2 t)
23
PAROCHIAL CHURCH COUNCILOF THE PARISH OF ELY HOLY TRINITY WITH ST MARY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2k ANALYSSS GF NET ASSETS
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ila Current year net assets
2824 2074 2024 2024 2024
Unresericyedt Restriced Endowrnent TOTAL
Fonds Funds Funds runs
€ £ 3 £
Tangible Fixed Assets 22,500 22,500
tavestments o a
Current Assets £34,097 165,085 iu 299,187
Current Uahbilities +389) “3,891
Non-current abittes a is)
11b Comparative ret assets 152,706 155,085 G 6G 347,791
2023 2023 2023 2023 2023
sweniced Need Endowment Tora
Funds Funds Funes Funps
& £ £ £
Tangible Fixed Assets, 45,000 $5,000
investments 0 a)
Curcent Assets 147,230 106,167 0 223,396
Current Liabilities “3,695 3,695
Non-current labiites 6 ie]
158,535 106,157 e 264,702
12, RELATED PARTY TRANSACTIONS
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Ouring the year a tote!of £3,630.26 was paid to 10 Trustees for expenses in connection with their work for the church This was paid at a market rate and expenses only reimbursed an production of a valid claim.
a4