The Parish Church of St Mary the Blessed Virgin Burley in Wharfedale ANNUAL REPORT and FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL for the year ended 31st December 2024 Vicar Church Wardens Mr Phil Bishop Mrs. Val McKenzie Treasurer PCC Secretary Independent Examiner Mr John Spencer Ms. Lis. Merrick Mr John McGhee
PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE Index to the 2024 Accounts Independent Examiners Report Treasurers Report Page 1 Balance Sheet Page 2 Notes to the Financlal Statements for the Year ending 31 December 2024 Page 4 Financial Ststement 2024- Incoming Resources Page 5 Financlal Statement 2024 - Resources Allocated Page 6 Financlal Ststement 2024- Staff Costs and Fixed Assets Page 7 Financial Ststement 2024- Gifts to Mission and Charities Page 8 Budgets for 2025 Page 9 Parish Centre Financial Report 2024 Page 10 Mothers Union Financial Report 2024 Page 11 Ladies Group Financial Report 2024
PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE INDEPENDENT EXAMINERS REPORT This report on the accounts of the PCC for the year end 31st December 2024 This report on the accounts of the P.C.C. for the year ended 31st December 2024, which are set out on pages 1- 8 is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 and s.43 of the Charities Act 1993. Respective responsibilities of trustees and examlner As the members of the P.C.C. you are responsible for the preparation of the accounts; you consider that the audit requirement of Regulation 3(3) of the Church Accounting Regulations and section 43(2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to issue this report on those accounts in accordance wth the terms of Regulation 25 of the Church Accounting Regulations1997 and Regulation 7 of the Charities (Accounts & Reports) Regulations 1995. My examination was carried out in accordance with the General Direction given by the Charity Commission under section 43(7)(b) of the Act and to be found in the guidance from the CBF. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering 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 I do not express an audit opinion on the view given by the accounts. Independent examinerfs ststement In connection with my examination, no matter has come to my attention: 1 which gives me reasonable cause to believe that in any material respect to requirements to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the requirements of the Act, as also contained in the Church Accounting Regulations 1997 have not been met. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dat Independent Iner
PAROCHIAL CHURCH COUNCIL OF S. MARY B.V. BURLEY IN WHARFEDALE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES The financlal statements have been prepared in accordance with the Church Accounting Regulations 1997 together wilh applicable accounting standards and the Charities SORP. The financial statements have been prepared under the historlcal cost convention except for the valuation of investment assets, which are shown at market value. Funds General funds represent the funds of the PCC that arerdsubject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose t¥the PCC are also unrestricted. The accounts include 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, Incomlng Resources Voluntary income and capital SoUeS Collections are recognised when received by or on behalf of the PCC. Planned giving receNable under covenant is recognised only when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement andthe amount due. Funds raised by the fete, garden party, and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross. Otherordinary income Rental income from the leth.ng of church premises is recognised when the rental is due. Income from investments Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year. Gains and losses on investments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments on 31 December 2024. Resources Used Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Activities directly relating to the woth of the Church. The Diocesan share is accounted for when payable.Any unpaid at 31st December is provided for in thesealluÈ as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Flxed Assets Consecrated land and buildlngs and movable church assests. Consecrated and beneficed property Is excluded fromthe accounts by s.96(2}(a} of the Charities Act 1993. No value is placed on movable church fumishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since thePCC considers this to be Inalienable property. All expenditure incurred during the year on consecrated or beneficed bulldings and movable church fumishings, whether maintenance or Improvement, is written off as expenditure in the SOFA and separately disclosed. Other fixtures, fittings and office equipment Equipment used within the church premises is written off in the year of purchase. Investments Investments are valued at market value on 31 December 2024 or on the latest information available. Current assets Amounts owing to the PCC on 31 December 2024 in respectof fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE TREASURER'S REPORT 2024 This is my fourth Treasurers Report to the APCM, the report has again been put together again with the help of Duncan Watts, who has assisted with some of the more technical aspects of the accounting profession. We must also thank our examiner John McGhee who has stepped in to provide the necessary independence to these accounts and to Sally for allowing him. The day-to-day operation of the church has generated a substantial loss of around £19,000. However, due to the Friends of St Mary's fund, and other income from the Deposlt accounts the loss was redUd to around £14,000. This was in line with the budget for the year. It is a serious financial loss, and these losses cannot be carried on indefinitely. We did however pay our parish share in full as agreed with the PCC. This is by far our greatest expense, and I know from conversations with the diocese how grateful they are that we continue to pay this. The parish share is as stated around £90,000 and although this looks substantial it is artificially held at a lower amount as the diocese does a recalculation to ensure the share is not being greater than around 80 % of the church's turnover. The overall balance sheet that includes the church and the parish centre has reduced by around £22,000. Unless there is a substantial increase in giving or a reduction of expenditure the losses incurred by the church and the parish centre will continue. In 2024 there was a sharp decrease in the expenditure on the church in respect to maintenance, however we anticipate this will increase this year due to issues with the wall overlooking the new garden and repairs to the church roof above the vestry. A budget was agreed by the PCC in November 2024, this anticipated a loss of £30,000.00, this was agreed by the PCC. However, since then due to the resignation o the Parish Administrator the losses will reduce as the PCC has agreed not to advertise the post. Depending on the workload increase on Phil and others it may be that this needs to be reconsidered. Therefore, at the time of this report the budget agreed by the PCC will remain. Can I thank all the people who help me with the finances of the church, to Val McKenzie for the envelopes, for Jason Atkinson for dealing with the collections, petty cash and transferring this to the bank and to Karen Selby for taking on the role of Parish Centre treasurer. Can l also finally thank everyone who contributes to the ongoing finances of the church, either through individual donations or the Central giving Scheme. John Spenr Treasurer
PAROCHIAL CHURCH COUNCIL OF ST MARY'S THE BLESSED VIRGIN BURLEY IN WHARFEDALE BALANCE SHEET 2024 2024 2023 FIXED ASSESTS Tangible Fixed Assests 131,000 £ 131,000 Current Assests 226,863 £ 248,556 357,863 £ 379,556 LIABILITIES Amounts Failing within 1 year 4,000 £ 3,250 353,863 £ 376,306 Movement 22,443 £ 30,728 General Reserves 3111212024 Current Account (pcc) Friends Fund Parish Centre (Current) Deposit Account l Funds 3111212024 Pre Payments 50,382 £ 16,261 £ 10,247 £ 147,021 £ 2,952 £ 75,554 14,682 5,445 149,135 3,740 226,863 £ 248,556 Approved by the Parocial Church Council on zrd /ll 2oL£ And Signed on its Behalf by QL8•
PAROCHIAL CHURCH COUNCIL OF ST MARf• THE BLESSED WRGIN BURLEY IN WHARFEDALE NOTES TO THE FINANCIAL STATEMENT . lor lh• y•ar •ndlna 3111212024 TOTALS INCOMING RESOURCES Unr••trlct•d Fundg Ro•trfct•d FundB 2024 2023 Plarn•d . Central FY8nned Glvlrffj . Sl Marfs Pknned GNtrig. Envdopes 63.379 £ 4.S¥XI £ 846 £ 69.125 £ 63,379 £ 4,900 £ 846 £ 69125 É 82.109 8.345 1.932 Collectsonj . 0pM Plalo 3.226 £ 1228 £ 8.191 £ 3,226 £ 1226 £ 10,191 É 2.493 17 7,171 Dcmatson• Leo8do8 Bequosls Llle frno Gmg FIMT Festiv Income Tax R•cov•rnbl• 2.159 2,159 £ 22,070 £ 2.159 23.217 22.070 £ Noto (xrndl lo 2023 103 837 £ 107 996 £ 2b vilies to lurth Ives Gmls . (See P8ge 7) 3750 £ 5.562 2c FneTrl3 ol Sl Marys Fees - Baptism. Weddmgs and Fw)er815 1.796 1,796 £ 8,930 £ 1,809 3.694 6.930 50 2d Inconie Irorn O rab Actiwbes lo eneral Funds Maga*ne - Sales Magazlne . Advertislng 1.042 £ 1.025 E 1,042 £ 1.026 £ 677 1 175 2,067 £ 2e Income from nvestmenlg Inlerest (Scottlsh WKlowg. CCLA) Renl 5.723 £ 5,723 £ 680 £ 3.554 205 6.303 £ Other Inc(¥ne lo General VAT Redatrned 2023> 892 £ 191 £ 892 £ 191 £ 3.216 188 1.083 £ 3404 TOTAL INCOME 120.219 £ 7,955 £ 131,924 £ 127.623 Not• 1 Anwlod Inc(xTre lax Recoverable Is Irom the mitsal revlew of Parlsh giving by Treasurer Note 2 led. thlg needs revIe9 P8rish Office Note 3 ll be actcoJnl6d C Recelpl
PAROCHIAL CHURCH COUNCIL OF ST MARYJ THE BLESSED VIRGIN BURLEY IN WHARFEDALE NOTES TO THE FINANCIAL STATEMENT - lor th• y•af •ndlng 3111212024 RESOURCES ALLOCATED TOTALS Unre•trlct•d Fundi R••lrlct•d Fund• 2024 2023 rants - Mlss and hantabl Nin Reliel aThJ Deveknpmern Agend89 Home Misslon and Chwrh SocJets'•s 2,250 2244 £ 2250 E 3,644 £ 1,938 10,159 1,41Y) £ (Aknce Mad• kn th• Accwlls) 5,894 £ 12 097 lo of 3b Parish Sharo Mirnsty Clww Expen EucJw)Bl .668 £ 1332 £ 90,668 E 1,332 £ 584 £ 92.565 £ 92.191 554 1294 94,040 92.$65 £ Healing. Lh1111. Wal 6.350 £ 2738 £ 5238 £ 4.211 £ 6,350 £ 2,738 £ 6,236 £ 4,211 £ 6,181 2494 5,252 14,490 770 522 228 3,345 972 195 1,499 Inc 8bove Cleanff¥J Repairs aThl Real5 le•9 (Now Part of rederngj Muwc Organ Tepatrs Direclor of Must l Ofg8nist Telephone• Employera Nl 769 £ 168 £ 7.083 £ 965 £ 749 £ 769 £ 168 £ 7,083 £ 965 £ 749 £ Empknyers Pens 155 £ Inc 8bove 28.424 £ 28,424 £ 35,929 nd Ad Inlstra CIMffth Lfternture Pansh Administr8tc¥ Pansh Centre Manager Pnnbty oifice Stats¢8ry 836 £ 8.180 £ 6.189 £ 265 £ 836 £ 8,180 £ 6,189 £ 265 £ 8,958 2,181 15470 £ 16.470 £ 12.227 i$cenan nswe Cornwler Equipffnl Posiage I Siabonary Renl Relreshmenls Bank Charges Tra4ung (FA) 387 £ 20 £ 1.085 £ 859 £ 836 £ 31X) £ 367 £ 20 £ 1,085 £ 859 £ 836 £ 367 20 859 $54 3,467 £ 3,467 £ 1.799 TOTAL RESOURCES USED 144,419 £ 1,400 £ 145,819 £ 1 $6.092 Bala0 13.894 TOTAL MOVEMEKr 13,894
PAROCHIAL CHURCH COUNCIL OF ST MARf• THE BLESSED VIRGIN BURLEY IN WHARFEDALE NOTES TO THE FINANCIAL STATEMENT . lor tho y•ar •ndlng 3111212024 STAFF COSTS 2024 2023 Pansh AdMstraI 8,336 È 3.450 £ 6,938 £ 6.120 £ 9.151 4.215 2,181 5.120 Pansh Centre Mww9ef 23,844 £ 15.$47 FIXED ASSETS FOR USE BY THE PCC Freelx)Id Lond and BLllldwffjs D•en*d Coll 11112023 131.(WJ 131,000 Nel Book Valuo 3111 zr2023 131.CQO
PAROCHIAL CHURCH COUNCIL OF ST MARf• THE BLESSED VIRGIN BURLEY IN WHARFEDALE NOTES TO THE FINANCIAL STATEMENT- lor lh• y•1 •ndlng 3111212024 GIFTS TO MISSION AND CHARMES SOURCES OF GIFTS Unrn•trlct•d Fund• R•strkted Funds 2024 2023 PCC Grenl (£350 WKI rnl exFthl8d) Ovw Grants Sefvke 3.750 £ 3.750 E 2.000 £ 1205 £ 4.587 4535 1.027 10 149 ALLOCATION s allocated and Cnnts Chddren's Souety Bwley l TerEle Frtendsknp Tru31 1,205 £ 1.206 £ soo £ soo £ 39 £ 760 £ 1,400 £ 1.000 £ 1.027 B&Aes lo Sdxx)I Wosl Nepal Dlsat4ed Trus1 Bur Ccxnnmmlty Tru Ouey Chrlstlan Rèxxllr•g Hub Buley COVID reb Grants Icrf SL•dan BradfLYd Clxllrl 39 £ 750 £ 347 750 3.250 1.4 soo É 2.285 4494 £ 10,159
BUDGET 2025 INCOME 2025 2024 Christian Giving A List Envelopes Collections in Church Donations Income Tax Rebate - Pansh Giving Income Tax Rebate Sales - MagaJn8 Sales - Adverbsing PCC Coffee Moming Fees I Weddings Investrnent Income Grants towards Mission Giving Donations from Friends Fund VAT reclaim Other Income 63,200 00 £ 4,800.00 £ 1,00000 £ 5.000 00 £ 3,000 00 £ 19,000 00 £ 3.000.00 £ 1,200,00 £ 1,75000 £ 65,520.00 5,400 00 2,200 00 5,000 00 3,000.00 16,380 00 3,150.00 1,200.00 1,750 00 6,000.00 £ 5,000.00 £ 5,000 00 4,500.00 3,000.00 £ 1,000.00 £ 1,000.00 £ 3,000 00 2,000,00 1,000,00 117,950.00 £ 119,100.00 Bequests l Legacy 117,950.00 £ 119,100.00 Expendlture Pansh Share Mission Giving Clergy Expenditure Eucharist Electriaty Water Gas BT Insurance Cleaning Repairs and Renewals Gardening Director of Music l Organist Organ Repairs Music l Licenses Sunday School l Rev Expenditure Choir Fund Pnnting I Ststionary etc (assume PC pays for this) Parish Administrator General Expenses Church Literature Parish Centre Manager- PCC now picking up full expenditure due to P( £ Employers Pension plus Nl 90,530.00 £ 5,000 00 £ 2,000.00 £ 500.00 £ 2,500.00 £ 400.00 £ 6,000.00 £ 800.00 £ 2,500.00 £ 4,500.00 £ 2,500 00 £ 2,000,00 £ 8,000.00 £ 500.00 £ 500.00 £ 500.00 £ 90,530 00 5,000.00 1,000 00 500.00 2,500 00 400.00 3,000.00 400 00 2,500.00 4,500 00 2,500.00 2,000.00 6,500.00 500 00 500.00 500 00 300.00 £ 8,250.00 £ 600.00 £ 250.00 £ 8,250.00 £ 600.00 £ 300.00 8.250.00 600 00 250.00 8,250.00 600.00 146,980.00 £ 141,080 00 Deficlt 29,030.00 £ 21,980.00
ST MARY'S PARISH CENTRE BURLEY IN WHARFEDALE ACCOUNTS TO THE APCM 2024 INCOME Transfer from deposit acc Room Hire Open Door Sales of Card Photocopying Donations Deposit Account Interest Grants other TOTAL 2024 5,000 00 18,190 00 £ 2023 8,144 52 675.37 3,000 00 £ 2,307 34 28,497.34 £ 8,819.89 EXPENDITURE Insurance Water Rates Electricity and Gas Cleaning Plus NET- no longer used Computer servIs TV LinCe Phones Photocopying Costs Consumables Window Cleaning Safety and Maintenane Centre Manager Costs Petty Cash Cuppa Cake 1,098,62 £ inc below 171.36 2,507 80 426.88 178 57 1,151.34 159.00 196.28 989.22 304 13 120.00 57.60 621.80 20209 £ 4,789,63 £ inc in consumables £ 2,147 55 £ 169.50 £ 675.85 £ 3,083 79 £ 2,179.19 £ 420.00 £ 3,578.78 £ inc in PCC account¢ se below 1,504.42 £ 268.34 Other 3,787.73 £ 479,74 Sub Total 23,695.16 £ 7,632.06 Construction Works Inc Architects fees 4,078 80 TOTAL 23,695.16 £ 11,710.86 Summary Deficit / Surplus (Day to Day) Defict I Suplus inc Transfer from Deposit Account Surplus Carned Forward - Current Account Total Funds at the End of Dec 2024 End of Year Bank Balance Deposit Account pety cash 197.82 £ 4,802.18 £ 4,802 18 £ 22,245,95 £ 10,247 08 £ 11,929.08 69.79 1,187.83 2,890 97 9,877.02 25,709.02 5,444 90 15,832.00 900 Treasurer Ksel Accounts Authorised John Spencer 21- 7- 2023- .
Burley in Wharfedale Branch Mothers Union Receipts and Payments- Year ending 31st December 2024 Income Subscriptions Strawberry Teas Donation Other Total 2024 £429.00 £162.00 £34.80 2023 £390.00 £300.00 £10.00 £625.80 £700.00 Expenditure Subs to Diocese Big Give Christmas Challenge Total £429.00 £170.00 £599.00 £390.00 £300.00 £690.00 Account Summary Opening Cash plus Bank Balance Income during year Expenditure during year Surplus/Deficit generated in year End of Year Cash in Hand End of Year Bank Balance £190.48 £625.80 £599.00 £26.80 £88.80 £128.51 £170.68 £700.00 £690.00 £10.00 £61.97 £128.51 Branch Treasurer Linda J Nelson Accounts authorised by 21- z.zozi
Ladies Group Receipts and Payments- Year ending 31st December 2024 Income Door Total 2024 2023 £102 £102 £64 £64 Expendlture Refreshments Speakers Total £15 £175 £190 £15 £170 £185 Account Summary Opening Cash plus Bank Balance Income during year Expenditure during year Surplus/Deficit generated in year End of Year Cash in Hand End of Year Bank Balance £786.94 £64.00 £190.00 £126.00 £47.00 £573.94 £829.94 £102.00 £185.00 £83.00 £73.00 £713.94 Branch Treasurer LJ-K)oknevK Linda J Nelson Accounts authorised by 21-I.Lo?g