Chawlty regls¢r4¢lon number 1134118 (England and Wale .ST_M_ARY_THE VIR -JIN DJSS FOR.THE_YEAR ENDED 31 DECEMBER 202
PCC Members Dr Susan Drake Mr R Wheeler Miss E Parker Miss M Pinnell Mrs S A Walton (Appoinled 27 April 2025) Mr B Abboli (Appoinled 27 April 2025) Mrs J A Crawford (Appointed 14 April 2024) Mrs J A Mould (Appointed 14 April 2024) MrJAKay (Appointed 14 April 2024} R¢v Mi¢ha¢l Crawford- acting chairnian (Appointed 5 September 2024) Mrs Janel Blight Mis Lesley Harding Mr Robert Brown (Appointed 25 Mly 2025) (Appoinled 25 May 2025) Senlor manAgement Vacant Vacanl Sylvia Grace Rector Vicar Secretary Charlty number (Engl&nd and Wgles) 1134118 Prln¢lp#l addres5 Si. Marys Church Hall Mount Street DISS IP22 4QG Independent e%Amlner Waveney A¢countanls Limited Tlas Newman & Co Charlered A¢¢ountants 4b Church Street Diss Norfolk IP22 4DD
S.T,MARY..THE.YIRGtN DISS PARQCHIAL QUU.IIQH.CO.UNCIL CON ENTS Page PCC Membcrs, report Independenl examiner's repoTI Slalement of financial activities Balance sheet Notes lo the finan¢i81 slalemenls 7-16
VIR HUR ' REPORT IL PCC MEM ED3 R202 The PCC members present their annual reporl and financial sla(emen15 for ihe year ended 31 Dccember 2024. The financial statements have been prepared in accordance with the accounting policies sel oul in note I to the finan¢tal slalements and comply with the ehurch's governing document, Ihe Charities Act 201 l and the Church Accounting Regulations 2006, under Ihe Receipls and Paymcnls basis. Objectives f4etlvllle$ The PCC has the responsibility of co-operaling, with the incumbent, in promoting in Ihe ecclesiastical parish the whole mission ofihe church. Piiblic benefil The PCC members have paid due regard lo guidance issued by Ihe Charity Commission in de¢iding what a¢tAvilies the church should underiake. Aehlevements and performance ( liiiich allendance The Ele¢loral Roll al the end of2024 stood al 92 (2023 - 97). Revieii, ofihe yeai. The PCC met nine limes during lh¢ year, including two eme¥gency meetings. Following Ihe re5ignalion of Miss Ingrid Scheider as Lay Chair al the end ofAugusl, and as we had no Rector or Vicar, Bishop Graham granted pemiission for Revd. Michael Crawford lo chair all PCC meetings unlil such lime os a new Re¢lor is in place. Sylvia Grace, Secretary Chiiithii'aitlen Repoi'l The year 2024 was turbulenl bul very p051tive in Ihler monihs. We achieved the following: The repair lo the Church Tower Clock was approved by the PCC in September and work slarted in November. This work will be completed in 2025 wheii ihe weather improves lo enable ihe outside work lo be finished. LED lights were filled in the Chancel which use5 150/0 of the energy used by convenlional lighting. Large amoun15 of rollett wood were replaced in the Hall from the North Porch to Ihe office. The Hall on Ihe other side leading to Ihe Vestry will be replaced in MarchlApril 2025. The lead on the roof on Ihe South side of the Church was replaced and a thorough illspeclion showed no other work was required. The roof on the Church Hall was repaired as thi5 was damaged when a ¢Able was laid by person(s) unknown. The carpet leading lo the Vestry was replaced. It was significant that The Friends of Si Mary's Church, Diss was fornied. Donations have been given not only by the ongregation of Si Mary's Church but by business and other personal donalions outside. I have been paTticularly cn¢ouraged by the fellowship and religious progTe5s Si Mary's has made in recent months. The help thai has been giv¢D by the congregatton and relired clergy hds been magnificent. Ron Wheeler, Church Warden
tN_DJS_S. EQQHtaL CHURCH CO QM.EMBERS' REPORT CIL CONT FinAnclal revleiv Resei'ves policy It is the policy of the chiirch Ihal unreslricled funds wliich have not beet) designalcd for a spccific usc should be mainlaincd al a level equivalent to two month's expenditure and an addilional one month's salary oosls. li is also Ihe poli¢y of Iliis cliurch lo hold an amount for likely works Ihal may arise as a result ofihe nexl quinquennial inspection. The church considers Ihal reservcs at thi5 level will ensure Ihhl, in the evcnt of a significanl drop in funding, they will be able lo ¢onlinue the churcli's currenl aclivities while consideralion is given lo ways in which addttional funds may be raised. This level of rescrves has been mainlained throughout the year. Thi5 policy is reviewed on an annu81 basi5. Notes for infomiation.. The Charities Act 2011 requires charilies lo have a purpose in holding onlo Inoney. A reserves policy shows the purpose for which reserve5 are held. The rcserves are mainlained as paTt of Sl Mary's inveslmenls held in CCLA. the CBF Church of England D¢posil Fund. Rlsk #nalysis This nole summarises Ihc kcy risks lo Ilie Chur¢h of Sl Mary (he Virgin, Diss and the slep5 taken lo managc Ih¢m. Fiiiancinl i'isk The church is exposed to financial risk through ils financial assets. The key risk 15 Ihe loss of financial assets resulting in Ihe Parochial Church Council bccoming unable lo nieel ils finaiicial obligations necessary lo mainlain Ihe Chur¢h as a viable cenlre of Anglian Worship in Diss. The Parochial Church Council during 2015 aulhorised ihe Treasurer lo rclocale all suilable financial reserves to accoLinls operated under Ihc auspices of the Cenlral Board of Finance. The ParoGhial Church Council considers thal existing internal conlrols on the rnanRg¢meiit of cash collections, gifts and oihcr similar monelary amounts are adcquale lo ensure that these are handled in a safe and professional Inanner. Sialiiloiy and opei'allonal i'lsks Diss Parochial Church Council Inanages oihcr risks lo which il may be exposed: By compliance wilh all relevant legislalion. By Ihe purchase of adequate properly and oiher relevant insurance covers through h sch¢me operated by Ihe Dioccse of Norwich and undeTwrillcn by Ihe Ecclesiaslic&l Insurance Group. By Ihe carrying oul of suilable risk #ssessmcnls and Ilie implcmenlation of appropriale risk n)anag¢menl strategies lo miniinise risk lo employecs and third parltes using the facilities al Si Mary's Church and lo reduce ilie possibility ol assel damage or105S.
UR OUNCI NTIN_u ER RTHEYE ER2 Slructure? goverrtxnee And mwnagement The method ol appointment of PCC members is sel out in Ihe Church Representalion Rules. All Church regular allendees are encourages lo register on Ihe Elecloial Roll and stand for election lo Ihe PCC. The PCC operales nornially, meeting seven tim¢s during the year. A slanding commille¢ is required by law. Ils 51alulory members are the Rector, Ihe Vi¢ar, the two Churchwarden5, the Adminislr&tor and the Treasurer. This ¢ommill¢e has Ihe power lo Iransacl the business of the PCC between ils meelillgs, The PCC member5 who served during the year and up to the dale of signature of Ihe financial slatemenls were: Dr Susan Drake Ms Janice E CTuse Miss I Scheider Mr R Wheeler Mr N Gooch Mrs L Morris Miss E Parkcr Miss M Pinnell MTS S A Walton Mr B Abboll Mts J A Crawford Mrs J A Mould MrJAKay Rev Mi¢ha¢l Crawford - actlDg chairman Mrs Janet Blighl Mrs Lesley Harding Mr Robert Brown {R¢lired 31 August 2024) (Resigned 31 August 2024) (Resigned 30 April 2024) (Resigned 14 April 2024) (Appointed 27 April 2025) (Appointed 27 April 2025} (Appointed 14 April 2024) (Appoinled 14 April 2024) {Appointed 14 April 2024) (Appoinled 5 September 2024) (Appointed 25 May 2025) (Appointed 25 May 2025) The PCC members, report was approved by the Board ofpcc Members. Mr R Wheeler Dale.,
ST M_ARY THE YIIIGIN,.DIS.S PAR .£HIAL.£HU.RC.H C.QLIN. CIL tNDEPEILDIKT.EXAMtNERIS.REP_Q.RT T_O_THETr¢.C. MEMB.ER_S_OF . T MA]LK.T.HE..vIR[Ss report lo Ihe PCC members 01) my exkminaiion of the financial slatemenls of St Mary The Virgin, Diss (Ille church) for the year endcd 31 December 2024. Respon51bilitles And basis of report As the PCC members of the church you are responsible for Ihe preparation of Ihc financial slalemenls in accordance willi Ilie requirements of the Charilies Act 2011. reporl in respecl of my exaininalion of the church's financial slalemenls caETied out under seclion 145 of the Charilies Acl 201 l. In carrying oul my examinalion I have followcd Ihc Direclions given by the Cliarily Commission linder seclion 145{5)(b) of Ihe Charilies Act 2011. Independent examtner's statement have compleled my examinalion. I confim) that no mallers have coine to my atleniion in connection wilh the ex#minalion giving me cause lo believe that in any mxlerial respect: accounting records were not kept in respect of the church as required by s¢clion 130 of Ihc Charities Acl 201 the financial slalemenls do nol accord with those records. or the financial 51alemenls do not comply wilh the applicable requirements concerning the fomi and ¢tent of fii)ancial slalemenls sel oul in the Charities (Accounls and Reports) RegLilalions 2008 ollier Ihan any reqiiiremei)I Ihal the flnancial slalemenls give a Irue and fair view, which is not a maller coiisidered as part of an independent cxaminalion. have no concems and have com¢ aGros5 no other maltcrs in connection with Ihe examinalion to which allenlion should be drawn in this report in order lo enable 8 proper understanding of the financtal slalemen15 to be reached. Leslie Newman FCA Waveney Accountaiits Limlted Tlas Newman & Co Chartered Accounlanls 4b Church Street Diss Norfolk IP22 4DD Dale: ..
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PAR.OCHIAL CHURC ALANCE SHEET 1 COUNCIL IDE -EMBER?Q24 2024 2023 Notes Flxed as5et5 Inveslmenls- land Inveslmcnts Is 16 32,500 134,770 21,500 131,952 167.270 153,452 Current a$set$ Cjsh al bank and in liand 136.204 109,368 N¢t current assets 136,204 109,368 Total assets less current Ilibllltles 303,474 262,820 The funds of the church Endowmenl funds Reslricled income funds UnT¢slri¢ted funds 17 18 19 123,646 28,675 151,153 120,893 20,196 121,731 303,474 262,820 The financial slalemenls were approved by Ihc PCC meinbers on Mr R Whe¢ler
STMARYTHEVIR URCH COUNCIL NCIAL STATE TE DED I DECE BER 2024 Accountlng pollcles 1.1 Accountlng ¢onventlon The Parochial Church Council has pr¢paTcd Iheso financial slalemenls under Ihe Charities Act 2011 and the Church Accounting Regulations 2006, using Ihe Receipls and Payments basi5. The financial slalemenls are prepared in sterling, which is the fun¢tional cUrll¢Y of the charity. Monetary amounts in these financial slalemettls are rounded to the nearest £. The financial stalemenls have been prepared under the hislori¢al ¢081 convenlton, modified io include Ihe revalualion of freehold properlies and to include inveslmenl properlies and certain financial inslrumenls at fair value. The principal a¢¢ounling policies adopted are sel oul below. 1.2 Golng concern Al the liiiie of approving Ihe financial statements, the PCC members have a reasonable expectation Ihal the church has adequale resources lo conlinue in operational existence for the foreseeable fuluTe. Thus the PCC membeTS continue to adopt the going concern bosis ofa¢counting in preparing ihe financial statements. 1.3 Charltable funds Unrestrirl¢d funds are available for use al Ihe discrelion of the PCC members in furtherance of their charitable objectives. Restricted funds are subject lo specifi¢ ¢ondilions by donors or grantors as lo how they may be used. The pUOSeS and uses of11)e reslri¢led funds ar¢ s¢t out in Ihe notes lo the financial slalemenls. Endowment funds are subjecl to specific condilions by donors that the capilal must be maintained by Ihe church. IA Income Income is recognised on receipt. 1.5 Expendlthre Expenditur¢ is r¢¢ognised on payment, Any equipment purchased during the year is shown as an expense and is not capilalised. 1.6 Investment property Investment properly, which is property held lo earn rentals andlor for capilal appreciation, is inilially recognised at cost, which includes Ihe purchase cost and any directly atlribulable expendilur¢. Subsequently il is measured al fair value al the reporting end dale. The surplus or deficit on reyalualion is recognised in profil or10sS. 1.7 Flxed asset Investment$ Fixed asset inveslmeDts aye initially m¢a5ured al Itansaclion price excluding transaction costs, and are subsequently measured at fair value al each reporting dale. Changes tn fair value are recognised in n¢1 income/(expendilure) for the year. Transaction costs are expensed as incurred. 1.8 Cash cash equlvalen¢8 Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid tnveslmenls with original malurilie5 of three months or less, and bAnk overdrafts. Bank overdrafts are shown within IxirrowiDgs ID Current iabililie5.
ST MARYTHE VIR -.ffj_tN DIS..S PARO_CHIAL.CHU.B.CH.COIJNCI.L NO.IES I'O_I'HE FtNA.NCIAL STA.T.EMENTS (CONTINV.EDJ EQ.R_T.HE.Y.EAR ENDED 31 DECEMBER 2ll24 Accountlng poll¢l¢s (Continued) 1.9 Di55 Team Minlstry Wilh etTeci from I September 2013, a new account was crcaled which is not a5socialcd with Diss PCC bul a¢15 as a "clcaring house" for rtineral and wedding costs. 01¢¢ cosls and Ihe Parish Adminiglralor's salary. Money received for these purposes is dislribuled beliveen all the ehurches in Diss Teum Ministry (fees), Norwich Dioccse (fees) and Ihe Diss Team Adminislralor (salary). The accounls are Ilierefore cost neulral. 1.10 Former H¢yivood School Fund The PCC Treasurer also admintslers the Formcr Heywood School Fund, a charilablc fund for educational purposes. Thi5 is separate to aiid not included tn these accounts. Ineome from donatlons and legacles Unrestrlc¢¢d Restrieted funds 2024 Tot41 Unrestrlcted funds 2023 Restrleted funds 2023 Total 2024 2024 2023 Donalions and gitls Legaci¢s Grants 59,055 35,116 200 59,255 35,116 8,000 68,262 500 1,500 4.551 72,813 500 1,500 8,000 94,171 8,200 102,371 70,262 4,551 74,813 Donatlons and gifts General Covenanls and Gift Aid Sunday and weekday collections Tax refund Wcdding and funeral collections Uncov¢n8nled gifts Organlchoir Wall box Bell ropes Clock 10,754 32,170 100 10.854 32,170 4,815 37,622 3,000 7,815 .853 6,225 1,853 6,225 1,977 12,377 1,977 12,377 143 6,856 143 (),856 240 10,156 80 995 240 10,156 80 995 820 731 .054 1 ,054 820 731 100 loo 59,055 200 59,255 68,262 4.551 72,813
ES AN TE IDE Ineome from ¢harltAble aetivitie$ Church 2024 Church 2023 Diss Parochial Charity income Church hall bookings Fees for church healing Fees lo PCC otfice costs conlribulion Charilable rental incom¢ Other income 5,000 460 350 302 996 1,860 6.208 10,037 2,675 2,305 2,574 4,110 350 907 15,176 22,958 Other income include5 £4,090 for insurance clainis (2023 - £nil), £2,018 for kilchen income (2023 £238), £100 for ulililies (2023 £nil), Samuel leaving colleclion £nil (2023 - £563) and a refund for purchases of £nil (2023 £106). Ineome from other trading *e¢ivlties Unrestrlcted Unrestricted funds funds 2024 2023 Fundraising events 645 2,657 Income from Investment$ Unrestrlcted funds 2024 Re5trieted rund$ 2024 Total Unrestrlcted funds 2023 Restrleted funds 2023 Total 2024 2023 Rental income Dividends receivable Interes( receivable 360 3,356 4.588 360 3,465 4,758 300 3,305 2,671 300 3,412 2,772 109 170 107 8.304 279 8,583 6,276 208 6,484
. JIAR_Y THE.-VIRG EQCH.IAL_C.HU.KC.U. C_Q.UNC.IL N_OTES. TO_-THB FtNAKcIAL.S.TATE.MEN_Ts.LLNT.Ej F_O_KT.HE Y_EAE.ENDED.31 D.ECEM_BEE2024 Other income Unrestrlcted Unrestricted fund$ (unds 2024 2023 Nel gain on disposal ofiangible fixed assets 1,000 Expendllure on eharltable activities Chvreh 2024 Church 2023 Direet costs Slaff c051s Parish share Clergy expenses Church running cosls - cleaning Church running rosls - light and heal Church running costs - insurance Church running costs - maintenance Church wnning costs - Services Church hall kitchen Conipuler cosls Printing, posl and slalionery Telephone Bank charges Sundry expcnses 11.883 50,248 16,351 46.199 34 500 15,316 7,009 1,300 1,188 347 9,448 7,857 13,545 1,940 285 753 192 3,935 332 640 3,614 381 512 100,765 94,155 Grant funding ofaclivilies (s¢¢ nole 8) 160 160 100,925 94,315 Analysls by fund Unreslricled funds Reslricled funds 100,925 89,800 4,515 100,925 94,315 Grants payable Cliurch 2024 Cliureh 2023 Home missions S¢cular 120 40 120 40 160 160 10-
VI IA Staff costs SiatTc051s comprise.. 2024 2023 Church hall wages Honorarium - organist Salaries and honoTarium - adminislratior Salaries and honorarium- verger Samuel leaving collection Training 3,495 750 7,368 270 3,252 4,864 6,897 625 563 150 11,883 16,351 10 Net movement In fund$ 2024 2023 The nel movement in funds is staled aller chargingl(crediting): Fee% payable for (he independ¢nl examination of Ihe charity's finan¢ial statements Profil on disposal of tangible fixed assels (1,000) PCC Mtmbers None of Ihe PCC members (or any persons connected with them) received any remuneration or benefits from ihe church during the year. 12 Employees There were no employees whose annual remun¢ralion was fflor¢ ihan £60,000. 11
- ARY THEYJEGISs COUNCIL CIAL STATE UQIES_TILIELE FtNA NT YE 14 Taxatlon The charity is exempt from laxalion on ils activities because all ils income is applied for charitable putyoses. IS Investments- land 2024 Faly value Al l January 2024 Nel gains or losses through fair value adjuslmenls 21,500 11,000 Al 31 December 2024 32,500 Ihvestmenl properly comprises land al Roydon Fen. This is jusl under three acres of land Ioc8led in the middle of a filed in Roydon Fen. Th¢ lalld was revalued at £32,500 on 31 December 2024 by the PCC Members, Rent is received on this asset. 16 Flxed a$5el Investments Victorla Hall Fabrlc shares Old Church H811 TotAI Cost or VAluatlon At l January 2024 Valuation changes 120,893 3,918 7,141 51 131,952 51 Al 31 December 2024 120,893 3,918 7,192 132.003 Carrylng amount Al 31 December 2024 120,893 3,918 7.192 132,003 At 31 December 2023 120,893 3,918 7,141 lJl,952 The inveslmenls are held within CBF Inveslments Funds 17 Endowment funds Endowmenl funds r¢pre5enl a58els which must be held pem14nenily by the church. Income arising on ihe endowment funds can be used in accordance with the objecls of lh¢ church and is included as unreslricled income. A Try capital gains or losses aristng ott Ihe assels fonn parl of the fund. AI I January 2024 Galns 4ndAt 31 December losses 2024 Permanent endoivment5 Victori81 Hall 120.893 2,753 123,646 13-
S.T_.M_ARY THE VIRGI_N DS1 S PA.ROCHIAL CH_U_RCH.-CO.INCJL. NOTES.TO TH.E .fTN_AU.CIAL..STATEME.N_T.S (CON.TtNU_ED FOR THE YE&EINDED 31. D_ECEMF3ER 2.0.24 17 Endowment funds (Continued) Prevlous year: At l January 2023 Galns andAt JI December losses 2023 PermAnent endoiyments 110.414 10,479 120.893 The endowment fund relates lo Ihc sale of Victoria Hall. li is invested in the CBF Church of England Inveslmenl fiind. Vicloria Hall Endowment Fund (2) - the church is enliiled to receive income froin Ihis investment but has no enliilemcnt to manage or draw down on Ilie eapilal sum, Dividends from this inveslmenl are unreslricled. For Ihe purposes of these accounts, the inveslmenl has been included in endowmenl funds. 18 Re$trlcted funds The reslricted funds of Ihc charity comprise the unexpended balances of donations and grants held on INst subje¢t to specific Conditions by donors as lo how Ihey may be used, At l January 2024 Incomlhg r¢soMrees Resource$ expended Galns andAt 31 December losses 2024 Bells Flowers Organ Choir robes Fabric Clock Veslmcnts 1,120 1,058 6,840 376 5,802 17 16 103 1,137 1,074 6,943 381 5.940 8,200 5,000 138 8,200 5.000 20,196 8,479 28,675 Prevlous year: At l Janiiary 2023 Incomlng Yesoiiree5 Resourees expended Galns andAt 31 December losses 2023 Bells Flowers Organ Choir robes Fabric Clock Veslmenls 295 1,168 7,036 372 5,340 825 1,120 1,058 6,840 376 5,802 (110) (3,196) 3,000 199 731 (478) (731) 741 5,000 5,000 19.211 4,759 (4,515) 741 20,196 14
.MAR CHI URC FINA JALS EMENTS {£E EMB 19 Unrestrleted funds The unreslricted fund5 of the charity comprise the unexpended balances ofdonations and grants which are nol subject to specific conditions by donors and gfanlors as to how Ih¢y may be used. These include designated funds which have been sel aside out of uttrestricled funds by Ihe lrnstees for specific purposes. At l January 2024 Incomlng resourees Resour¢e8 expended Galns #ndAt 31 December los$¢s 2024 General funds 121,731 119,296 {100,925) 11,051 151,153 PYevlou$ year: At l Janu#ry 2023 ncoming resources Resources expended Galns andAt 31 December lo$$es 2023 G¢ncral futids 109,378 102,153 (89,800) 121,731 20 Analysls of net assets between funds Unrestrlcted funds 2024 Reslrleted Endowment funds funds 2024 2024 TotAI 2024 At 31 December 2024: Investment properties Inveslmenls Bar¢lays Currenl account Barclays BPA Fabric Barclays- Bells Barclays - Flowers Barclays - Orga Barelays - Choir robes CBF Rectory and Churchwardens CBF Victoria Hall 32,500 7,205 22,351 32,500 134,770 35,551 2,022 1,136 1,074 6,943 381 6.032 83,065 3,919 13,200 2,022 1,136 1,074 6,943 381 123,646 6,032 83.065 151,153 28,675 123,646 303,474 15-
ST_MARY_TIIE VIRGtN DI PAR HI C.HUKCH_CQLIN£IL NO_TE.&IQI.HE_ FtNAN£_IA.L.STA.TEMENTS_LCONT F_O.R THE YELR_END D._31 DE_CEMB -R.224 20 Analysis of net assets behveen funds (Contlnued) Unrestricted funds 2023 Restrlcted fiinds 2023 EDdowment fund$ 2023 Total 2023 Al 31 Decemb¢r 2023: Inveslmenl properties Inveslmenls Barclays Cuffeiil aceounl Barclays BPA Fabric Barclays - Bells Barclays - Flowers Barclays - Organ Barclays - Choir robes CBF Reclory and Churchwardens CBF Vicloria Hall 21,500 7,142 11,703 21,500 131,952 16,703 1,885 1,120 1,058 6.840 376 5,728 75,658 3,917 5,000 .885 1.120 1,058 6,840 376 120,893 5.728 75,658 121,731 20,196 120,893 262,820 21 Related party tr4nsaetions There were no disclosable related paTly Iransacltons during Ihe year (2023 - none). 16-