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← The Parochial Church Council Of The Ecclesiastical Parish Of St Peter's, Addingham

2024-12-31-accounts

ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

Note
INCOMING RESOURCES
Voluntary Income
2 (a)
Activities for generating funds
2 (b)
Income from investments
2 (c)
Church activities
2 (d)
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Church Activities
3 (a)
Raising Activities
3 (b)
TOTAL RESOURCES EXPENDED
NET OUTGOING RESOURCES BEFORE TRANSFERS
Transfers between funds
5
Net in(out)going resources before other recognised gains
Revaluation Profit/(Loss)
7
BALANCES BROUGHT FORWARD AT
1ST JANUARY 2024
BALANCES CARRIED FORWARD AT
31ST DECEMBER 2024
The attached notes form part of these accounts		 Unrestricted
Restricted
Funds
Funds
£
£
76,384
-
-
-
480
2,540
18,988
-
95,852
2,540
126,809
389
-
-
126,809
389
-30,957
2,151
30,000
-957
2,151
-
-
-957
2,151
2,989
232,928
2,032
235,079

ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM BALANCE SHEET

AT 31ST DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
6
Investments
7
CURRENT ASSETS
Debtors
8
Short term deposits
Cash at bank
LIABILITIES
Creditors : Amounts falling due in one year : accruals
9
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
11
Restricted
11
Endowment Funds
11		 2024
£
129,218
396,312
525,530
17,342
4,113
12,515
33,970
3,920
30,050
555,580
2,032
235,079
318,469

555,580

Approved by the Parochial Church Council on 21 March 2025 and signed on its behalf

I R Hepworth Treasurer

The attached notes form part of these accounts

PARISH CHURCH COUNCIL OF ST PETER'S ADDINGHAM PARISH CHURCH COUNCIL OF ST PETER'S ADDINGHAM PARISH CHURCH COUNCIL OF ST PETER'S ADDINGHAM
CASHFLOW STATEMENT for the year ended 31st December 2024
2024
£
Net cash generated in operating activities
Cashflow from investing activities
Dividends & interest from investments 9,809
Interest paid -
Proceeds from the sale of :
Tangible fixed assets -
Tangible fixed investments 223,379
Purchase of :
Tangible fixed asset for the use of the PCC - 9,412
Fixed asset investments - 202,126
Net cash providedby investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at 1st January 2023
Cash and cash equivalents at 31st December 2023

Reconciliation of net expenditure before investment gains

Net expenditure before investments gains (losses)

Adjustments for

Depreciation Dividends and interest Decrease (Increase) in debtors Increase (Decrease) in creditors

Net cash used in operating activities

Analysis of cash and cash equivalents

Cash in hand Notice deposits

ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

2. INCOME AND ENDOWMENTS

Unrestricted Restricted Endowment Funds Funds Funds

£

£

£

2(a) Voluntary Income

Planned giving Gift aid donations 44,278 - - Tax recoverable 10,038 - - Collections - open plate 10,301 Grants : GASDS top up payment 2,565 Listed Places of Worship 1,944 - - Legacy 5,906 - Sundry donations 1,352 76,384 - - 2(b) Other voluActivities for generating funds - - - 2(c) Income from investments Dividends and interest 480 2,540 6,789 Loss/Profit on sale of investments 3,210 480 2,540 9,999 2(d) Incoming Church Activities - - Church hall lettings 8,913 - - Fees for weddings and funerals 10,075 18,988 - - TOTAL INCOMING RESOURCES 95,852 2,540 9,999

ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EXPENDITURE

Unrestricted Restricted Endowment Funds Funds Funds £ £ £

3(a) Church Activities

Giving to missionary societies
Giving -relief & development agencies
Other donations to support charities
Diocesan parish share
Parish Administrator (note 4)
Working expenses of Clergy
Insurance
Organ service
Church maintenance
Cleaning & Gardening
Service costs
Bellringers & Bells
Printing, postage and stationery
Telephone
Proposed hall extension costs
Depreciation of equipment (note 6)
Water
Heat & Light
Cost of independent examiner
Otley Resources
Family & Youth Worker
Pension costs
Bank Charges
Other payments
3(b) Raising Funds
Brokers charges
TOTAL RESOURCES EXPENDED		 -
-
-
-
1,000
-
-
1,000
-
-
-
59,898
-
-
8,528
-
-
4,205
-
-
3,384
-
-
462
-
-
4,172
-
-
4,726
-
-
376
-
-
-
389
-
3,723
-
-
1,711
-
-
-
-
-
6,057
354
427
-
-
11,771
-
-
300
-
-
-
-
11,214
-
-
650
-
41
-
4,164
-
-
126,809
389
354
-
-
2,185
-
-
2,185
126,809
389
2,539

4. REMUNERATION OF EMPLOYEES AND COUNCILLORS

The only paid employees are the parish administrator and the family worker.The amoun wages and national insurance contributions

Fees charged for weddings and funerals include payments to vergers and organists

which are not included in the accounts of the PCC.

5. ANALYSIS OF TRANSFER BETWEEN FUNDS

OF TRANSFER BETWEEN FUNDS
Current surplus on endowment fund General
P.Holmes
Powell
Unrestricted
Endowment Endowment
£
£
30,000
-30,000

ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

FIXED ASSETS :
Cost at 1st January 2024
Additions at cost
Disposals
Cost at 31st December 2024
Depreciation at 1st January 2024
Charge for the year
Depreciation at 31st December 2024
Net book value at 31st December 2024
Net book value at 31st December 20223		 -------------------
2024
Hall Extension
Other
Fixed Assets
(Restricted) (Unrestricted)
143,386
125,724
-
9,412
-
-
143,386
135,136
34,315
108,578
-
6,411
34,315
114,989
109,071
20,147
109,071
17,146

6. TANGIBLE FIXED ASSETS :

7. INTANGIBLE FIXED ASSETS : Investments

Movement in the year

Market Value at 1st January 2024 Purchases at cost

Less :Disposal proceeds

Net Profit on Disposal Revaluation Deficit

Market Value at 31st December 2023

The market value at 31st December 2024 represents investments held in

8. DEBTORS

Income tax recoverable
Prepaid Insurance
Listed Places of Worship Grant
Other
UE IN ONE YEAR
Accruals & Sundry creditors		 2024
£
12,879
2,519
1,944
-
17,342
3,920
3,920

9. CREDITORS FALLING DUE IN ONE YEAR

ST PETER'S PAROCHIAL CHURCH COUNCIL OF ADDINGHAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

10. FUNDS

All income received is included in the General Fund, except where the income has bee The Parish has four funds where the income has been identified for a particular purpos

The Mary Coates Fabric Fund has been named after a 19th Century benefactor and ac fabric of the Church.

The funds in the Hilda Holmes Fund were donated by the late Hilda Holmes and may o church.

The Betty Jackson Fund is to be spent on the choir and the bells.

The funds in the Dorothy Fund were donated by the late Dorothy Lund and may only be church.

Endowment funds can be "permanent" or "expendable". The capital of a permanent fun However an expendable endowment is a form of endowment capital which the PCC do The Phyllis Holmes Endowment Fund is an expendable endowment.

11. SUMMARY OF FUND MOVEMENTS

General Hilda Holmes Mary Coates Betty Jackson
Fund Fund Fund Fund
Unrestricted Restricted Restricted Restricted
At 1st January 2,989 109,071 11,231 2,664
Incoming reso 95,852 - 120 20
Resources exp -126,809 - - -389
Investment ga - - - -
Transfer betwe 30,000 - - -
At 31st Decem 2,032 109,071 11,351 2,295
Made up as :
Tangible Fixed 13,430 109,071 - -
Investments - - - -
Debtors & Prep - - - -
Short term deposits - 4,113
Cash at bank -7,478 - 7,238 2,295
Liabilities due -3,920 - -
2,032 109,071 11,351 2,295
Endowment
 TOTAL FUNDS
Funds 2024 2023
£ £ £
- 76,384 56,746
- - -
9,999 13,019 9,261
- 18,988 15,402
9,999 108,391 81,409
354 127,552 156,699
2,185 2,185 2,313
2,539 129,737 159,012
7,460 -21,346 -77,603
-30,000 - -
-22,540 -21,346 -77,603
19,214 19,214 36,477
-3,326 -2,132 -41,126
321,795 557,712 598,838
318,469 555,580 557,712

2023

£

126,217 395,139 521,356

15,408

17,236

10,196

42,840

6,484

36,356

557,712

2,989

232,928

321,795

557,712

f by :

£
32,454
-
21,650
10,804
-
27,432
16,628		 £
£
58,561
-
14,366
-
94,669
4,891
-
36,840
-
67,304
8,743
18,689
27,432
2023
24,556
-
6,411
9,809
-
1,934
-
2,566
-
32,454
-
12,515
4,113
16,628		 53,915
-
6,022
14,366
-
1,687
-
5,385
58,561
-
10,196
17,236
27,432

TOTAL FUNDS 2024 2023

£

£

44,278 38,292
10,038 8,669
10,301 6,497
2,565 1,624
1,944 -
5,906 -
1,352 1,664
76,384 56,746
- -
9,809 14,366
3,210 -5,105
13,019 9,261
8,913 7,154
10,075 8,248
18,988 15,402
108,391 81,409

TOTAL FUNDS 2024 2023 £ £

- -
- -
1,000 -
1,000 -
59,898 74,744
8,528 8,245
4,205 4,760
3,384 3,251
462 1,295
4,172 7,669
4,726 13,266
376 402
389 267
3,723 4,009
1,711 1,568
- 3,228
6,411 6,022
427 497
11,771 9,689
300 300
- 2,200
11,214 12,523
650 -
41 191
4,164 2,573
127,552 156,699
2,185 2,313
2,185 2,313
129,737 159,012

nt payable related to gross.

Total

£ -

------------------- 2023
Total
£ £
269,110 264,219
9,412 4,891
- -
278,522 269,110
142,893 136,871
6,411 6,022
149,304 142,893
129,218 126,217
126,217 127,348

£

395,142 202,126

597,268 223,379 373,889 3,210 19,213 396,312

n the endowment fund.

2023 £ 10,863 2,545 - 2,000 15,408

6,484 6,484

en given for a particular purpose. se.

ccumulates gifts made for the

only be used for the fabric of the

e used for the fabric of the

nd can not be spent by the PCC. oes have discretion over its use.

Dorothy Powell Phyllis Holmes
Lund Fund Fund Fund Total
Restricted Endowment Endowment
109,962 125,000 196,795 557,712
2,400 2,600 7,399 108,391
- -354 -2,185 -129,737
- - 19,214 19,214
- - -30,000 -
112,362 127,246 191,223 555,580
- 6,717 129,218
109,482 120,529 166,322 396,333
- 17,342 17,342
4,113
2,880 7,559 12,494
- - -3,920
112,362 127,246 191,223 555,580

Report and Accounts of the Parochial Church Council of St Peter’s Church, Addingham for the year ending 31[st] December 2024

Registered charity number : 1134446

Aims and purposes

St Peter’s Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent, the Reverend Mark Cannon in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and Church Hall at Church Street, Addingham.

Objectives and activities

The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community at St Peter’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning activities for the year, the Charity Commission’s guidance on public benefit has been considered, in particular, the supplementary guidance on charities and the advancement of religion. In particular, the PCC tries to enable ordinary people to live out their faith as part of the parish community through :

To facilitate this work, it is important that the fabric of the Church of St Peter and the Church Hall is maintained.

Reserves Policy

It is the policy of the PCC to maintain sufficient reserves invested so that investment income supplements the other income of the parish. It is the long term aim of the PCC to generate sufficient funds to pay the Church’s payments to the Diocese and every other day by day expenses without utilising this income which can then be used for other projects.

Volunteers

The PCC would like to thank all the volunteers who helped the Parish through the year. Particular mention should be made of the wardens.

Structure, governance and management

The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity.

The method of appointment of the PCC is set out in the Church Representation Rules. At St Peter’s, the membership of the PCC consists of the Incumbent (our Rector), church wardens, when appointed and members who are elected by those members of the Church who are on the electoral roll. All members of the congregation who attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC. PCC Members are elected for three years at the Annual Parochial Church Meeting. The members of the PCC may co-opt one or two further members.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. A report on the work of the PCC is attached, and this includes details of the number of meetings and the attendance.

The full PCC met 8 times during the year and the average attendance was 11. Given its wide responsibilities, the PCC has seven sub-committees, each dealing with a particular aspect of parish life. These committees are :

They report back to the PCC regularly with minutes of their decisions being received by the full PCC and discussed as necessary. The Standing Committee monitors day by day matters and is made up of the Incumbent, PCC Chair, Secretary and Treasurer.

Administrative Information

St Peter’s is situated in Church Street, Addingham. It is part of the Diocese of Leeds, within the Province of York and within the Church of England. The Church Council is registered with the Charity Commissioners under the name “The Parochial Church Council of the Ecclesiastical Parish of St Peter’s Addingham” and has the registered charity number of 1134446.

The PCC’s bankers are Natwest Bank, and its investments are invested by Brewin Dolphin, stockbrokers.

Being a charity, the members of the PCC are also the trustees of the church.

PCC Members

PCC members/trustees who have served at any time from 1[st] January 2024 until the date of this report was approved are :

Ex officio

Incumbent : The Reverend Mark Cannon

Representatives on the Deanery Synod :

Professor Robert Smith Ms Lucy Comerford Elected members : Ms Penny Crisfield (Chair) Mr Ian Hepworth (Treasurer) Mrs Anne Hodgson Mrs Briony Holdsworth Mr John Holdsworth Mrs Lesley Hudson Professor Michael Hudson Mr Frank Milward Mrs Judith Idle Mrs Christine Smith (Secretary) Mr Tom Simkiss Ms Pat Thompson Mr Matt Waddilove-Carr Mrs Margaret Widdowson Miss Judith Worsnop (re

St Peters Parochial Church Council Notes to the Accounts 31[st] December 2024

Note 1 Basis of Preparation

Basis of Accounting

The accounts have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs together with applicable accounting standards and the 5[th] edition of the publication “PCC Accountability”

Change in basis of accounting

There has been no change to the accounting policies since the last year end.

Friends of St Peter’s Addingham

The accounts of the Friends of St Peter’s Addingham are not included within these accounts as this body is a registered charity not controlled by the PCC Accounts are drawn up separately and returns made to the Charity Commission.

Detailed Accounting Policies

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

Incoming resources

These are included in the Statement of Financial Activities (SOFA) when ;

  1. The PCC becomes legally entitled to the benefit of use of the resources;

  2. The ultimate receipt is virtually certain; and

  3. The monetary value can be measured with sufficient reliability

Funds raised from events and trading operations, such as the Family Fun Fete and the Traidcraft Stall, are reported gross in the SOFA, that is before any related costs have been deducted from the gross proceeds.

Grants and donations are included in the SOFA when any pre-conditions preventing their use by the PCC have been met. For planned giving, and collections this in when the funds are received.

Gift Aid and other tax claims are included in the SOFA in respect of the date in which the donations are received

The value of volunteer help received is not included in the accounts.

Rental income from the church hall is recognised when receivable.

Investment income is included in the accounts when receivable.

Investment gains and losses includes gains and losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Resources expended

Liabilities are recognised as soon as the legal or constructive obligation arises.

Governance costs include the preparation of examination of statutory accounts, the costs of PCC meetings and any cost of legal advice to the PCC on governance or constitutional matters.

Grants and donations are recognised in the accounts when a commitment has been made externally and there are no pre-conditions still to be met for entitlement which remain in the control of the PCC.

Tangible Fixed Assets

Consecrated and benefice property of any kind is excluded from the financial statements in accordance with section 10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the rector and church wardens on special trust for the PCC and which require a faculty for disposal are inalienable property are capitalised at cost and depreciated over their useful lives. These are listed in the church’s inventory, which can be inspected at any reasonable time.

Fixed assets purchased prior to 1[st] January 2001 were not included in the PCC accounts and therefore are not valued in the financial statements.

Assets are deemed to be fixed assets if they can be used for more than a year.

Computers are depreciated in equal annual instalments over three years and furnishings and other equipment over five years. Lighting, heating, solar panels, boilers and fire alarms are depreciated over ten years. Depreciation of completed building work is over 50 years. Work in progress is not depreciated

Investments

Investments are valued at market value as at the year end.

Short-term deposits

These include cash held on deposit with the CBF Church of England Funds and with the PCC’s stockbrokers.

Funds

Restricted funds are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment funds are funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income and where use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.

Unrestricted funds represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its use or for spending on a future project.

Independent Examiner’s Report to the Trustees of St Peter’s Church, Addingham, Parochial Church Council

I report on the accounts for the year ended 31[st] December 2024.

As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the general directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention :

J Bridgford Chartered Accountant

21 March 2025