**Charity registration number 1134147**
**THE PAROCHIAL CHURCH COUNCIL OF ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**The Parochial Church Council** Reverend Patrick Coleman Vicar Mr. John Gascoyne Lay Reader Mr. Colin McKenna Churchwarden Dr. Malcolm Wilkinson Mr. John Hague Lay Chairman & Churchwarden Mr. Chris Hutchinson Secretary Mrs. Sheila Barrett Treasurer Mr. Nigel Swann Ms. Kathy Crawshaw- Moore Ms. Jo Crawshaw-Moore Mrs. Linda Wilkinson Mr. Dominic Gavan Mr. Gregory McGhee Mr. Timothy Ball Mr. Roger Barrand Mr. Laurie Layland (Appointed 19 May 2024) **Charity number** 1134147 **Principal address** The Parish Church of St. Mary and All Saints Church Way Chesterfield Derbyshire S40 1XJ **Independent examiner** John Henry Francis King Chartered Certified Accountant John H. F. King Chartered Certified Accountants 119 High Street Clay Cross Chesterfield Derbyshire S45 9DZ
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **CONTENTS**
||**Page**|
|---|---|
|The Parochial Church Council report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 21|
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **REPORT OF THE PAROCHIAL CHURCH COUNCIL**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The Parochial Church Council present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011 and 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 2019).
## **Objectives and activities**
St. Mary and All Saints Parochial Church Council (PCC) has the responsibility, with the incumbent, of promoting in the ecclesiastical parish the whole mission of the Church of England; pastoral,evangelistic,social, and ecumenical. It also has the responsibility for St. Leonard's Mission Church, Spital and the Saints Parish Centre.
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
- Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus;
- Provision of pastoral care for people living in the parish; and;
- Missionary and outreach work.
To facilitate this work it is important that we maintain the fabric of the church, St. Leonard's Mission Church, and the Saints Parish Centre.
- 1 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **REPORT OF THE PAROCHIAL CHURCH COUNCIL** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Achievements and performance**
## **Charitable Activities**
MAJOR TOPICS DISCUSSED AND ACTIONED BY PCC DURING THE YEAR
Although a lot of PCC business is, by necessity, taken up with the everyday running of the church- housekeeping, health and safety, church fabric,safeguarding etc. PCC has also covered the following items:
- The Flower Guild and its continuing role and the possibility of a flower festival in church, building on the success of the Christmas Tree Festival.
- Employment issues. The employment structure was once again re-examined in an examination of the church's finances. A choir matron and volunteer wedding coordinator were taken on. More discussion will follow in light of the changing needs of the church.
- The reorganisation of printing resources and supplier was undertaken in order to get better value for money and to continue to offer in-house printing resources.
- The Common Fund (formerly the Parish Share) was discussed with the Archdeacon Karen Hamblin in an honest and frank exchange as economic pressures bite, both at local and diocese level.
- The different possible future uses of the Saints Parish Centre were considered once again in the light of the urgent need of staffing and the next item of business...
- The PCC has discussed the church's possible use of the Visitor Information Centre both in PCC meetings and in an extraordinary meeting with two members of Chesterfield Borough Council, the church architect, the fundraiser and the consultant used by the church. The eagerness of the council to continue and strengthen ties with with the church as part of their efforts to reinvigorate the church and increase tourism is encouraging. A PCC sub-committee has been set up to examine the business feasibility of the building's use.
- The secular use and worship at St. Leonard's Church also occupied the PCC with constant feedback on progress from the St. Leonard's Committee.
- Safeguarding and up to date training was a permanent item of business.
- The interim and annual budget was a frequent item of discussion and concern whilst maintaining the levels of service in the light of rapidly rising bills.
- The future of the church's heating and the commitment to future net zero carbon emissions was a matter of concern. This was brought into sharp focus in light of the breakdown of the council heating system and the high cost of the temporary boiler. A sub-committee was set up to investigate and suggest a possible strategy to the PCC and a round table meeting with the council and members of the diocese.
- It is also pleasing to report the continuing residence of peregrine falcons nesting on the spire although this has had an impact on the tower tours. Ongoing contact has been made with the RSPB regarding the best approach and monitoring of the birds and it was hoped that a camera could be set up to monitor the birds.
## **Financial review**
## **Financial Position**
For the year ended 31 December 2024, the PCC had total incoming resources of £195,162 (2023 £210,263) and total resources expended of £229,066 (2023 £217,569) There were unrealised gains on investments of £5,918 (2023 £22,080) resulting in a net decrease of funds for the year of £27,986 (2023 net increase £14,774).
## **Reserves Policy**
It is considered that the unrestricted funds not committed or invested in assets (the free reserves) should be equivalent to the cost of maintaining for one year the activities directly relating to the work of the church together with the normal annual expenditure on outward giving and church administration. This would amount in total to approximately £200,000 which the PCC considers to be the appropriate level bearing in mind the uncertain nature of much of its general income and the increased reliance on income generated from trading activities. So far as the balance of free reserves is concerned, the PCC is of the opinion that this amount will be wholly used in the completion of maintenance and refurbishment works to the church building.
- 2 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **REPORT OF THE PAROCHIAL CHURCH COUNCIL** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Structure, governance and management**
## **Governing document**
The charity is an unincorporated charity directly responsible to The Church of England.
## **Organisational structure**
## MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL
Members are either elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules, co-opted, invited or are ex officio.
The Parochial Church Council who served during the year and up to the date of signature of the financial statements were:
## CLERGY
Reverend Patrick Coleman - Incumbent
PARISH READER Mr. John Gascoyne
CHURCHWARDENS Mr. Colin McKenna Mr. John Hague ( Also Lay Chairman)
REPRESENTATIVES OF NORTH EAST DERBYSHIRE SYNOD Mr. John Gascoyne (Also Diocesan Synod) Mr. Nigel Swann Mr. Gregory McGhee
ELECTED MEMBERS
Mrs. Sheila Barrett (Treasurer) Mr. Chris Hutchinson (Secretary) Ms. Kathy Crawshaw- Moore Ms. Jo Crawshaw- Moore Mrs. Linda Wilkinson Mr. Dominic Gavan Mr. Timothy Ball (Also Diocesan Synod) Mr. Roger Barrand Dr. Malcolm Wilkinson Mr. Laurie Layland (Appointed 19th May 2024)
The PCC meets monthly except for months with insufficient business, the APCM or other agreed reasons and is able to call extraordinary meetings if and when necessary.
- 3 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **REPORT OF THE PAROCHIAL CHURCH COUNCIL**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Decision making**
PCC COMMITTEES
Normally these meet between regular PCC meetings as required.
## STANDING COMMITTEE
Membership: Vicar, Churchwardens, Treasurer, PCC Secretary and Lay Chairman. This statutory committee has power to transact PCC business, subject to any directions given by the PCC.
## FINANCE COMMITTEE
Membership: As standing committee.
The committee overseas the general financial work of the parish, by monitoring income and expenditure, budgeting and advising on investment of church funds.
## ST. LEONARD'S MANAGEMENT COMMITTEE
Membership: Vicar, Churchwardens, Secretary, and all members of the congregation. Responsible to PCC for the fabric and management of St. Leonard's Mission Church.
THE SAINTS PARISH CENTRE AND COFFEE SHOP
The Saints Parish Centre is managed by the church office and overseen by the Vicar.
## CHURCH SHOP
Run by the Shop Manager (Mr. Colin McKenna) for PCC.
OTHER GROUPS RESPONSIBLE TO PCC Bell-Ringers Parish Church Choir Flower Guild
## MEETINGS
PCC met eight times during the year, (includes one extraordinary meeting with officers of the Chesterfield Borough Council), with an average attendance of 76%. Five members recorded 100% attendance at the meetings. The day of the meetings was moved to a Wednesday.
As well as PCC meetings:
Standing Committee (STACOM) met twice and FINCOM once.
## **Church Attendance**
The Electoral Roll presented at the Annual Meeting in 2024 lists 107 parishioners. Average Sunday attendance was 119 (up from 94 in 2023); Christmas attendance was 669 (up from 643 in 2023); Easter attendance was 251 (up from 181 in 2023). The estimated size of the whole worshipping community was 158 (153 in 2023). Attendance across an average week in October was 139 (up from 129 in 2023).
## **Risk Management**
The PCC have a duty to identify and review the risks to which the church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the Parochial Church Council and signed on its behalf by:
..............................
Mr. John Hague Lay Chairman & Churchwarden
Date: .............................................
- 4 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE PAROCHIAL CHURCH COUNCIL OF ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
I report to the Parochial Church Council on my examination of the financial statements of St. Mary and All Saints Parish Church Chesterfield for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As The Parochial Church Council of St. Mary and All Saints Parish Church Chesterfield you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ( the 2011 Act).
I report in respect of my examination of the Church's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no 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 as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair 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 drawn in this report in order to enable a proper understanding of the financial statements to be reached.
John Henry Francis King Chartered Certified Accountant John H. F. King Chartered Certified Accountants 119 High Street Clay Cross Chesterfield Derbyshire S45 9DZ
Dated: .........................
- 5 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
76,102
2,219
Other trading activities
**4**
92,790
4,722
Investments
**5**
19,306
23
**Total income**
188,198
6,964
**Expenditure on:**
Raising funds
**6**
46,504
-
Charitable activities
**7**
177,246
5,316
Total expenditure
223,750
5,316
Net gains on
investments
**11**
5,918
-
**Net incoming/(outgoing)**
**resources before transfers**
(29,634)
1,648
Transfers between
funds
-
-
**Net movement in**
**funds**
**8**
(29,634)
1,648
**Reconciliation of funds:**
Fund balances at 1 January
2024
753,147
-
**Fund balances at 31**
**December 2024**
723,513
1,648|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
78,321
97,549
1,972
97,512
91,403
3,009
19,329
16,253
77
195,162
205,205
5,058
46,504
54,861
-
182,562
149,813
12,895
229,066
204,674
12,895
5,918
22,080
-
(27,986)
22,611
(7,837)
-
(7,837)
7,837
(27,986)
14,774
-
753,147
738,373
-
725,161
753,147
-|**Total**
**2023**
**£**
99,521
94,412
16,330|
|---|---|---|
|||210,263|
|||54,861
162,708|
|||217,569|
|||22,080|
|||14,774
-|
|||14,774
738,373|
|||753,147|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**13**
Investments
**14**
**Current assets**
Stocks
**16**
Debtors
**17**
Investments
**18**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**19**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**21**
Unrestricted funds|**2024**
**£**
22,024
2,187
219,358
2,320
245,889
(10,169)|**£**
219,468
269,973
489,441
235,720
725,161
1,648
723,513
725,161|**2023**
**£**
20,669
2,880
243,210
6,366
273,125
(7,956)|**£**
228,781
259,197|
|---|---|---|---|---|
|||||487,978
265,169|
|||||753,147|
|||||-
753,147|
|||||753,147|
The financial statements were approved by The Parochial Church Council on .........................
.............................. Reverend Patrick Coleman Vicar
.............................. Mr. John Hague Lay Chairman & Churchwarden
- 7 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Notes**
**Cash flows from operating activities**
Cash absorbed by operations
**26**
**Investing activities**
Purchase of tangible fixed assets
Purchase of investments
Movements in short term investments
Investment income received
**Net cash generated from investing**
**activities**
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**2023**
**£**
**£**
**£**
**£**
(42,369)
(12,963)
-
(53,998)
(4,858)
(4,652)
23,852
56,260
19,329
16,330
38,323
13,940
-
-
(4,046)
977
6,366
5,389
2,320
6,366|
|---|---|
- 8 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
St. Mary and All Saints Parish Church Chesterfield is a parish church within the Church of England.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The Church is a Public Benefit Entity as defined by FRS 102.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, The Parochial Church Council have a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus The Parochial Church Council continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds comprise the General Fund which can be used for PCC ordinary purposes and funds designated for a particular purpose by the PCC.
Restricted 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.
## **1.4 Income**
Income is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Church has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 2% on cost Fixtures and fittings 20% on cost and at varying rates on cost Computers 33% on cost
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Individual items of equipment used within the church office and the parish centre with a purchase price of £500 or less are written off when the asset is acquired.
Consecrated and benefice property is not include in the accounts in accordance with Section 10(2)(a) and (c) of the charities act 2011.
Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected at any reasonable time. No value has been placed on these items prior to 2015 as insufficient cost information is available.
All expenditure incurred during the year on consecrated or benefice buildings and individual items under £1000, or on the repair of movable church furnishings acquired before 2015 whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the Church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 10 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.10 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.11 Financial instruments**
The Church has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Church's balance sheet when the Church becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Church's contractual obligations expire or are discharged or cancelled.
## **1.12 Taxation**
The charity is exempt from tax on its charitable activities.
- 11 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.13 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.14 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.15 Donated services**
## General volunteers
The contribution of general volunteers cannot be measured reliably and therefore is not included as income within the charity accounts. The work of general volunteers is however crucial for the charity to continue its fundraising and charitable activities.
## **2 Critical accounting estimates and judgements**
In the application of the Church's accounting policies, The Parochial Church Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
64,650
1,915
Legacies receivable
-
-
Grants receivable for
core activities
700
-
Gift aid
10,752
304
76,102
2,219|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
66,565
66,829
1,687
-
10,000
-
700
9,360
-
11,056
11,360
285
78,321
97,549
1,972|Total
2023
£
68,516
10,000
9,360
11,645|
|---|---|---|
|||99,521|
- 12 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**3**
**Donations and legacies**
**Grants receivable for**
**core activities**
DDBF Electricity Grant
-
-
Architectural Heritage
Grant (Saints Parish
Centre)
-
-
Cathedral Music Grant
700
-
700
-
**4**
**Income from other trading activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Votive candles
6,265
-
Tower visits
4,471
-
Fundraising events
11,223
-
Church shop income
47,942
-
Saints parish centre
2,581
-
Christmas tree festival
12,193
-
Fees and church usage
8,115
4,722
Other trading activities
92,790
4,722
**5**
**Income from investments**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Dividends and interest
19,306
23|**(Continued)**
-
3,000
-
3,000
-
6,360
-
6,360
700
-
-
-
700
9,360
-
9,360
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
6,265
6,533
-
6,533
4,471
5,565
-
5,565
11,223
9,520
-
9,520
47,942
46,196
-
46,196
2,581
3,257
-
3,257
12,193
11,984
-
11,984
12,837
8,348
3,009
11,357
97,512
91,403
3,009
94,412
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
19,329
16,253
77
16,330|**(Continued)**
-
3,000
-
3,000
-
6,360
-
6,360
700
-
-
-
700
9,360
-
9,360
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
6,265
6,533
-
6,533
4,471
5,565
-
5,565
11,223
9,520
-
9,520
47,942
46,196
-
46,196
2,581
3,257
-
3,257
12,193
11,984
-
11,984
12,837
8,348
3,009
11,357
97,512
91,403
3,009
94,412
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
19,329
16,253
77
16,330|
|---|---|---|
|||9,360|
|||**Total**
**2023**
**£**
6,533
5,565
9,520
46,196
3,257
11,984
11,357|
|||94,412|
|||**Total**
**2023**
**£**
16,330|
- 13 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **6 Raising funds**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|Fundraising expenses|||
|Purchases|24,135|22,372|
|Movement in stock|(1,355)|396|
|Parish centre and shop overheads|13,194|23,203|
|Fundraising costs|4,762|2,871|
|Christmas tree festival|159|41|
|Depreciation and impairment|5,609|5,978|
||46,504|54,861|
- 14 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **7 Charitable activities**
|Staff costs
Depreciation and impairment
Diocesan parish share
Other ministry costs
Church maintenance
Church running expenses
Upkeep of services
Office administration
Irrecoverable VAT
Missionary giving
Share of support costs (see note )
**Analysis by fund**
Unrestricted funds
Restricted funds
Support costs are independent examination and accountancy costs.
**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets|**2024**
**£**
77,585
3,705
40,000
3,286
6,541
34,473
8,157
4,465
1,654
896
180,762
1,800
182,562
177,246
5,316
182,562|**2023**
**£**
64,613
3,705
37,236
1,925
13,996
26,420
6,559
4,719
1,335
250|
|---|---|---|
|||160,758
1,950|
|||162,708|
|||149,813
12,895|
|||162,708|
||||
||||
||**2024**
**£**
900
9,314|**2023**
**£**
975
9,683|
## **9 The Parochial Church Council**
None of The Parochial Church Council (or any persons connected with them) received any remuneration or benefits for their services as trustees from the Church during the year. During the year and the previous year two members of the PCC were paid for their services in other roles: Mr. Dominic Gavan, verger £401 (2023 £2,494) and Mrs Rebecca Landers Saints Parish Centre cleaner £225 (2023 £325).
- 15 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **10 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|Vergers|2|2|
|Organist and choirmaster|1|1|
|Assistant organist and events co-ordinator|1|1|
|Saints Parish Centre cleaner|1|1|
|Total|5|5|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|74,708|63,094|
|Social security costs|1,173|-|
|Other pension costs|1,704|1,519|
||77,585|64,613|
There were no employees whose annual remuneration was more than £60,000.
## **11 Gains and losses on investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
|Gains/(losses) arising on:|**£**|**£**|
|Revaluation of investments|5,918|22,080|
## **12 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 16 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **13 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**Cost**
At 1 January 2024
257,052
109,419
1,485
At 31 December 2024
257,052
109,419
1,485
**Depreciation and impairment**
At 1 January 2024
111,807
25,882
1,485
Depreciation charged in the year
4,141
5,173
-
At 31 December 2024
115,948
31,055
1,485
**Carrying amount**
At 31 December 2024
141,104
78,364
-
At 31 December 2023
145,245
83,536
-|**Total**
**£**
367,956|
|---|---|
||367,956|
||139,174
9,314|
||148,488|
||219,468|
||228,781|
Included in cost or valuation of land and buildings is freehold land of £50,000 (2022-£50,000) which is not depreciated.
The freehold property comprises the Saints Parish Centre, St. Mary's Gate, Chesterfield.
## **14 Fixed asset investments**
|||**Listed**|
|---|---|---|
|||**investments**|
|||**£**|
|**Cost or valuation**|||
|At 1 January 2024||259,197|
|Additions||4,858|
|Valuation changes||5,918|
|At 31 December 2024||269,973|
|**Carrying amount**|||
|At 31 December 2024||269,973|
|At 31 December 2023||259,197|
|**Financial instruments**|||
||**2024**|**2023**|
||**£**|**£**|
|**Carrying amount of financial assets**|||
|Instruments measured at fair value through profit or loss|219,358|243,210|
## **15 Financial instruments**
- 17 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**16**
**Stocks**
Church Shop Stock
**17**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**18**
**Current asset investments**
Cash deposits
**19**
**Creditors: amounts falling due within one year**
Other taxation and social security
Accruals and deferred income
**20**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
22,024
**2024**
**£**
1,687
500
2,187
**2024**
**£**
219,358
**2024**
**£**
2,547
7,622
10,169
**2024**
**£**
1,704|**2023**
**£**
20,669|
|---|---|---|
|||**2023**
**£**
2,880
-|
|||2,880|
|||**2023**
**£**
243,210|
|||**2023**
**£**
-
7,956|
|||7,956|
|||**2023**
**£**
1,519|
The Church operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Church in an independently administered fund.
- 18 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **21 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1**
**Previous year:**
**At 1**|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
-
6,964
(5,316)
-
1,648
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
-
5,058
(12,895)
7,837
-|
|---|---|
## **22 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
General funds
**Previous year:**
**At 1**
General funds|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Gains and**
**losses**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
753,147
188,198
(223,750)
-
5,918
723,513
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Gains and**
**losses**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
**£**
738,373
205,205
(204,674)
(7,837)
22,080
753,147|
|---|---|
- 19 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **23 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Tangible assets
219,468
-
Investments
269,973
-
Current assets/(liabilities)
234,072
1,648
723,513
1,648
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
228,781
-
Investments
259,197
-
Current assets/(liabilities)
265,169
-
753,147
-|**Total**
**2024**
**£**
219,468
269,973
235,720|
|---|---|
||725,161|
||**Total**
**2023**
**£**
228,781
259,197
265,169|
||753,147|
## **24 Nature of Funds**
The unrestricted funds comprise the General Fund and one designated fund, the Legacies Fund which arises from recent legacies and is earmarked for specific expenditure at the discretion of the PCC. Included within the General Fund are the accounts of the following church groups: Church Shop, Flower Guild, Choir, Bell-ringers, and Saints Parish Centre.
The Restricted Fund comprises the St. Leonard's Mission Church Fund - for the upkeep and maintenance of St. Leonard's Mission Church Spital Chesterfield.
## **25 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 20 -
## **ST. MARY AND ALL SAINTS PARISH CHURCH CHESTERFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**26**|**Cash generated from operations**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||(Deficit)/surpus for the year|(27,986)|14,774|
||Adjustments for:|||
||Investment income recognised in statement of financial activities|(19,329)|(16,330)|
||Fair value gains and losses on investments|(5,918)|(22,080)|
||Depreciation and impairment of tangible fixed assets|9,314|9,683|
||Movements in working capital:|||
||(Increase)/decrease in stocks|(1,355)|22,873|
||Decrease in debtors|692|11,323|
||Increase/(decrease) in creditors|2,213|(12,055)|
||**Cash (absorbed by)/generated from operations**|(42,369)|8,188|
- 21 -