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2023-12-31-accounts

ST MARYS Parish of St Mary with St Peter, Bury St Edmunds EDMUNDS Church of England Diocese of St Edmundsbury and Ipswich (Thingoe Deanery) Parish of St Mary with St Peter, Bury St Edmunds Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2023 The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Peter, Bury St Edmunds is a registered charity, number 1134666.

AnnutslRwtloiiheyearendlng 31 De¢ember2023 I. REFERENCE AND ADMINISTRATIVE D￿AlL$ INDEPENDENT EXAMINER 2. STRucfuRE, GOVERNANCE AND MA14AGEMENT PCC MEMBERSHIP COMMITTEES 3. CHARITABLE AIMS AND PURPOSES PARISH STATISTICS 4. CHARITABLE OBJECTIVES 5. ACHIEVEMENTS AND PERFORMANCE WORSHIP MINISTRIES ELECTORAL ROLL ANO MEMBERSHIP RAISING VOLUNTARY INCOME THROUGH GIVING io io PARISH SHARE io OTHER ACTIVITIES io OPERATING BUILDINGS li 6. sfAFFING AND EMPLOYMENT 12 7. FINANCIAL REVIEW 13 8. PLANS FOR THE FUTURE Is

AnnutslRwtloiiheyearendlng 31 De¢ember2023 I. REFERENCE AND ADMINISTRATIVE DETAILS St Mary with St Peter Parochial Church Council. Parish Office. St Mary's Church, Honey Hill. Bury St Edmunds, Suffolk IP33 IRT. Email addres5 for further information.. jackie.crofts@5tmaryschurthbse.org Websites: www.wearechurch.net stma schurchbse.or st etersbse.uk Parish legal name.. Bury St Edmunds, St Mary. Benefice name.. Bury St Edmunds.. St Mary with St Peter's District Church The PCC banks with Royal Bank ofscotland. Drummond House, Edinburgh EH12 9JN and with HSBC. 54 Abbeygate Street. Bury St Edmunds IP33 IU. INDEPENDENT EXAMINER Robin Jack50n FCA, Chartered Accountsnt. Churchgate Accountants Ltd, 18 Langton Place. Bury St Edmunds IP33 INE. 2. STRUCTURE, GOVERNANCE AND MANAGEMENT The PCC has, as a governing document, two pieces of Church of England legislation, called Measures. These are the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules 2020 as amended. The PCC is constituted as an unincorporated association. It is registered as a charity with the Charity Commission.

AnnutslRwtloiiheyearendlng 31 De¢ember2023 PCC MEMBERSHIP Lay representatives of the Diocesan and Deanery Synods, Licensed Lay Ministers and Churchwardens are ex-officio members ofthe PCC. Lay members were elected at the Annual Parochial Church Meeting IAPCMI, held in April 2023. Vicar The Revd Canon Tiffer Robinson Associate Vicar (St Peter'sl The Revd A Williams Assistant Curate The Revd Dr. Sarah Gull Parish Churchwardens Brian Jones 1st Mary'51, Stuart Lowe (St Peter's I District Churchwardens Rosie Perham (St Mary's) Deanery Synod Lay Representatives Joanna French (St Mary's). Philip Lloyd-jones (St Peter'sl PCC Treasurer Colin Firth PCC Secretary Jackie Crofts Elected members (St Mary's) Nigel Beeton. Virginia Dean, Robin Good¢hild. Stephen Mills, Shelagh Wallace Elected members (St Peter'sl Rob Bream. Jackie Crofts. Phil Hymers, Duncan Maclnnes, lan Nurcombe Co-opted members The Revd David Crofts, Joanne Peachey Diocesan Synod Lay Representatives Colin Firth, Peter Boyt lex officiol

AnnutslRwtloiiheyearendlng 31 De¢ember2023 COMMITTEES The Pamchial Church Councll IPCCI is the trustee body of the charity and is constituted under the Church Representation Rules. The PCC usually meets quarterly. During 2023, the PCC met four times. The Annual Meeting of Parishioners and Annual Parochial Church Meeting was held on 7 May 2023. As usual. this was combined with a service of rededication. The PCC elected a PCC Stsnding Committee consisting of the vicar. associate vicar. curate, vice-chair. secretary, treasurer of St Peter's. treasurer of St Mary's. churchwarden5 and district churchwardens. The standing committee has the power to tran5aCt the bu5ines5 of the PCC between its meetings, subject to any directions given by the Council. During 2023, it met once to set the budget for 2024. The Thomas Clark50n Centre Management Commlttee is chaired by David Crofts and covers all aspects of the use and maintenance of this parish asset. St Mary's and St Peter's District Church Councils {OCCs). The two churches work together under a Scheme of Delegation. Each has its own District Church Council, which meets four times per year, and reports to the PCC. The separate meetin85 are able to discuss matters affecting the individual churches. All policy, financial and faculty matters and proposals affecting the whole parish are referred to the PCC. Each church has its own subcommittees. Each church has its own Mission Focus group which considers the support of mission partners and other agencies to deliver the parish's objectives. The patron of the parish is Simeon's Trustees. The wider ministry team (clergy. lay pastor, readers) met four times during 2023. The meetings, chief purpose is to ensure that the team of preacher5 and leader5 of services are apprised of latest developments and consulted on relevant 155ues. A full health and safety risk assessment was last carried out in 2015. The policy can be found on our website Iwww.wearechurch.netl. The health and safety policy was reviewed in 2017, ensuring that there is a policy for each of the three sites and St Mary's health and safety policy was reviewed again in 2018. The PCC complied with the duty under 5eth.on 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishop's guidance on safeguarding children and vulnerable adultsl.

AnnutslRwtloiiheyearendlng 31 De¢ember2023 3. CHARITABLE AIMS AND PURPOSES Church of England parishes seek to promote the whole mission of the church, pastoral. evangelistic, social and ecumenical. This aim was expressed in a statement in 2017 as follows: we seek to worship the God and Father of our Lord Jesus in the power of the Holy Spirit; to teach the Bible in a way relevant to everyday life,. to grow people in faith. understanding and love,. to equip people to serve others; to offer people opportunities to meet Jesus and discover forgiveness and new life. PARISH STATISTICS The Parish of St Mary with St Peter is 2.6 square miles of central and southern Bury St Edmunds, characteri5ed by residential estates and town centre businesses. The parish population in 2019 was 12,558. living in approximately 5,700 household5. In latest available data, the parish Is ranked 8952 out of the Church of England's 12,443 parishes according to indices of deprivation {1 - most deprived). The age profile of residents is older than the national average. The parish's boundaries were enlarged as part of a scheme of local parochial re-organisation enacted by a bishop's order dated l December 2020. The effects are to include land that has been designated for future residential development near to the town, so the population of the parish will increase significantly in the next decade. 4. CHARITABLE OBJECTIVES In 2023, we continued to fulfil our aims and purposes including the following public charitable services.. Public worship in two churches, using a variety of styles to reach a wide range of people Icontemporary worship. choral Morning Prayer and Holy Communion, Book of Common Prayer). This diversity of worship styles is very unusual in a Church of England parish and is a major strength. Public prayer and worship take place every day. Online live Daily Prayer take5 place five days a week and a committed group of people have engaged with this throughout the year. Pastoral care and support. St Mary's is a popular church for weddings, and the number of weddings in 2023 was once again higher than in the two years prior to the

AnnutslRwtloiiheyearendlng 31 De¢ember2023 pandemic. Weddings took place in both churches in 2023. We continued to support bereaved families through funeral ministry, and in 2023 we hosted a Town Memorial Service in St Mary's as well as a smaller Parish Memorial Service in St Peter's. We also hosted a small event for local ministers and funeral dirertors at St Mary'5. Baptisms took place in both churches. Opportunitie5 to explore the Christian faith and to deepen personal discipleship with the encouragement of other Christians. Both churches have strong small groups for Bible study and prayer. An Alpha course was held in the spring, and a well-supported Advent tourse took place on the four Mondays of Advent. St Marys, Church is open seven days a week in normal circumstances and receives a large number of visitors. The historic Grade I listed building is a major attraction. St Mary's Church is the civic church of 8ury St Edmunds and welcomes a large number of people to services of widespread local importance. We see this as a vital way of positively relating to many people who do not regularly worship and to promote the welfare of Bury St Edmunds. The vicar works with many local organisations to support their work and to witness to the concern of God for the wider world. The PCC owns the Thomas Clarkson Centre (formerly the Hyndman Centrel, a former school, next to St Peter's Church in Hospital Road. The Centre is a major community resource for Bury St Edmunds and its extensive facilities are in use throu8hout the week. During 2023, hire of the Centre continued to increase followin8 the Covid-19 pandemic, although still remainin8 lower than pre-pandemic. Bury St Edmunds has well-established ecumenical networks and the parish fully parhcipates in these. Ecumenical initiatives such as Bury Drop In, Bury Town Pastors, Sporhng '87 and Bury Christian Youth are supported by the parish and its regular worshippers. The PCC supports a large number of mission and charity Partners, through the two churches. This extends our work to fulfil our aims in the wider world. The vicar. the associate vicar and the PCC have considered the Charity Commission's guidante on public benefit and the specific guidance on charities for the advancement of religion. The Parochial Church Council works diligently to ensure it fulfils its responsibilities for safeguarding. employment. financial management, upkeep and repair of its buildings and stewardship of its resources. 5. ACHIEVEMENTS AND PERFORMANCE 2023 was a year of substantial grovrth across both churches. as we began to put the legacy of the pandemic behind us. Soci31 ventures at both churches namely Open Kitchen and

AnnutslRwtloiiheyearendlng 31 De¢ember2023 Warmlcommunity Space have enabled us to form relationships with members of our communities some of which have then felt able to get more involved in church, and to explore faith. We ran our first Alpha course in many years and held a parish confirmation service with around 20 candidates making a step of faith in a number of way5. WORSHIP MINISTRIES Throughout 2023, St Mary's held two services on Sunday mornings. with a contemporary service at 9..15am and a more traditional service at 11am, as well as a midweek service. St Peter's continued with their morning service at 10..30am each Sunday. In addition, St Mary's held evening services on one or two Sundays each month throughout the year, and St Peter's continued its monthly Sunday evening informal praise service. Through the course of 2023, midweek services took place at care homes in our parish. Each month, a Parish Prayer meeting was held on Zoom. A St Peter's Vision Prayer Meeting was held weekly, also on Zoom. Online daily prayer was held five days a week on the days when there were no other services, reaching around 10- 20 people. Church Attendance St Mary's has two regular services on Sundays. The 9.15 service is served by an excellent contemporary band led by Jim Herrington which has grown from the four very committed members in 2022 to allow for some more flexibility when musicians need to be absent. The band has introduced a number of popular worship songs that were new to the congregation in 2023. In February 2023 St Mary's appointed DB de 81iaso to become the substantive Director of Music after many periods serving in assistant or acting roles at St Mary's and since then the choir has grown in number and competence. This is due to his skill and commitment and leadership, alongside the Choir Association and choir members who give so much of their time and talents. There has been a significant increase in attendances at all regular weekly service5, including both Sunday morning 5ervice5 and the midweek service of Holy Communion on Wednesdays. Our number of new regular worshippers was 76 including 16 children, and 10 of our regular worshippers moved to other churches. became housebound or died. Average attendances in 2023120221 are as follows.. The 9:15am contemporary service averages 851681 of whom 7131 are under 16 year5. Children's groups are held each Sunday under the banner of Energise. The 11am traditional service averages 791501 of whom 11111 are under 16 years.

AnnutslRwtloiiheyearendlng 31 De¢ember2023 A service of Choral Evensong took place once or twice a month. The average attendance at this was 421251 of whom 1111 was under 16 years. There is also a Holy Communion service every Wednesday. The numbers attending here average 251181. The two morning congregations combined for a number of special services throughout the year. These included Easter, where the attendance was 200 of whom 16 were under 16 years; the service with Annual District Church Meeting, where the attendance was 95. of whom 5 were under 16 years- Harvest, with an attendance of 14011531, ofwhom 121181 were under 16 years,. and Christmas, where the attendance was 11611091, of whom 7141 were under 16 years. The whole parish joined together in May 2023 for a Service of Confirmation and Reaffi'rmation, which was held at St Mary's Church. Eighteen candidates, mostly from St Mary's and St Peter's Churches, were contirmed at this service and the total attendance was 203. The Good Friday meditation service was attended by 481361 people. Advent and Christmas services included the Advent carol service, which 521681 attended,. St Mary's carol service, attended by 28612531; the crib service, attended by 18812021 and the midnight communion, which 15111221 attended. Civic services included Battle of Britain. where the attendance was 225, of whom 4 were under 16 and Remembrance, where the attendance was 52715821, ofwhom 1151961 were under 16. Other special services included a joint Ascension Day service with the Cathedral, which took place at the Cathedral- Jankyn Smyth. which 32511251 attended, of whom 1811411 were under the age of 16 and the Town Memorial Service to remember before God those who have died, which had an attendance of 1431178). St Mary's Church was open for visits from 10.30am - 3pm six days a week. 16,663 visitors came to the church during the year outside services and events. 'Thefiguresfor overage congregation ot 5t Mary s ore based on the medionfigurefor the year. Thefigures in brackets are bosed on the average attendancefor the yeor in 2022. Thesefigures are Skewed by occasional baptisms in the service, combined Services t7nd CIVIC services being included. Anecdotally, regular attendance was closer to 55 in 2023 compared to 45 in 2022. St Peter's holds a 10=303m service every Sunday. with an average attendance of around 70 1611. This includes an average of 64 {551 adults and 616) children. Children's groups were

AnnutslRwtloiiheyearendlng 31 De¢ember2023 held on 35 Sundays during 2023. St Peter's also holds an informal praise service most months, with an average attendance of 21123}- Lent and Easter services at St Peter's included an Ash Wednesday service of Holv Communion, which was attended by IS {261 people, a MaundyThursday service, which was attended by 28 people. a Good Friday all age service. which was attended by 37 people and the Easter Sunday service, which was attended by 80 people. Special Christmas services included the crib service, attended by 67 people,. Carols by Candlelight, attended by 140 people and the Christmas Day family communion, which was attended by 58 people. Servlces for Ilfe events Ibaptisms, weddings and funerals) were held in both churches. At St Mary's Church, the numbers (with 2022 figures in brackets) were: 1101 thanksgiving services for the birth of a child,. 8151 baptisms; 161161 weddings. 0101 wedding blessing; O 101 renewal of marriage vows: 171121 funerals, and 1111 memorial services. At St Peter's Church there were 1101 thanksgiving services for a child; 0111 baptisms,. 2121 weddings; 0101 wedding blessings; 0101 renewal of marriage vows; 5131 funerals, and 0101 memorial services. The parish conducted 161121 funerals at a crematorium or cemetery in 2023, making a total of 381271 funeral services conducted by members of staff as well as I memorial service and 5141 interments of ashes. ELECTORAL ROLL AND MEMBERSHIP In 2023, we carried out revisions of the Eledoral Roll in April. At the Annual Parochial Church Meeting there were 27912731 on the electoral roll. Of these. 20612011 were on St Mary's electoral roll, and 751741 were on St Peter's roll. 2121 appeared on both rolls. RAISING VOLUNTARY INCOME THROUGH GIVING At St Mary's in 2023 £131,46812022 £119,533) was given to the general fund through collections, tax effective regular giving and general donations. E19,82312022 E16,9971 was given by or through the church for other charities or good causes. An encouragement to start or increase regular giving over the last quarter of 2023 to enable the church to consider appointing a youth worker increased our regular giving signifi"cantly, and enabled St Mary's to set a balanced budget for 2024. io

AnnutslRwtloiiheyearendlng 31 De¢ember2023 At St Peter's in 2023 £82,13412022 £79,384) was given to the general fund through collethons, tax effective regular giving and general donations. £15,83812022 £15,476) was given by or through the church for other charities or good causes. PARISH SHARE The parish contribution to the diocesan share was £156.(KK)12022 £156.0001. In 2024 the parish will pay a contribution of £156.000. OTHER ACTIVITIES St Mary's shares the site of the ancient and ruined Abbey of St Edmund with the cathedral, the public Abbey Gardens and others. The two churches joined together to organise a number of social events throughout 2023. The men's group met monthly for breakfast. Lunch & Chat continued to provide an opportunity for 50cialisation and food once a month and was well attended. The Little Fishes group also met monthly for young children with their carers, and an average of 8 families attended each month. St Mary's ran a pop-in cafe each month throughout the year, and the Time Together social event took place four times through the course of the year, including a summer outdoor event at the Thomas Clarkson Centre. In December, a pop-up bookshop came to St Mary's for the first time, and they have continued to operate at St Mary's on the first Wednesday of each month. St Peter's continued with their weekly tommunity cafe and the monthly Tea and Chat event, as well as a weekly community space each Saturday, where people can drop in for refreshments and to socialise. They also held a men's bowls evening once a month. We seek to encourage people to work both with other churches in the town, and the work of the Christian church in the wider community. People from the congregations work with BCY (Bury Christian Youth}, the Bury Drop in, Town Pastors, Sporting 87 la Christian football clubl, CAP (Christians against poverty} and the 5t John's Ecumenical Centre. OPERATING BUILDINGS The parish maintains St Mary's Church, St Peter'5 Church and the Thomas Clarkson Centre. As usual, regular maintenance and services were carried out in all the buildings. li

AnnutslRwtloiiheyearendlng 31 De¢ember2023 Since the last report all work recommended in the architect's quinquennial report of June 2021 has been completed. The audio system and projector have been replaced. The high-level spotlights in the nave. chancel and sanctuary have been replaced with LEDS. The interior of the Notyngham Porch has been lime washed and the doors repainted, together with the south door and the door to the tower. The three trees adjacent to the car park have been felled, the adjacent wall has had ivy removed and the adjacent brambles cleared. A home for the redundant small organ has been found- Glemsford church- but the transfer is still awaited. The proposed hanging cupboard to be fitted in the liberated space is out to tender. A silver Eco Award has been achieved. At St Peter's Church, all of the maintenance and servicing work was completed, including the reports and tests required by our insurance company. We still await the Archdeacon's visitation where our documentation will be reviewed. The Quinquennial work from the report 18 months ago has almost been concluded. The only outstanding work is the masonry repairs which we hope will be approved soon by the DAC. and the work concluded in the spring of 2024. No major work was carried out at the Thomas Clarkson Centre in 2023. A timer-controlled electric heater was installed in the Spaul Room, in order to avoid heating the whole Centre when only one small meeting room is required. 6. STAFFING AND EMPLOYMENT The Reverend Canon Tiffer Robinson has served as vicar and incumbent of the parish since Ortober 2022. Andy Williams continues to serve the congregation at St Peter's. where he completed his turacy before being licensed as Associate Vicar with responsibility for St Peter's in February 2022. In 2023, the parish employed an Events Manager, a Church Administrator and a Caretaker. The parish also employ5 two cleaners. DB Di Blasio was appointed as Dirertor of Music in February 2023, following a period in 2022 where he stood in as organist. A very large proportion of the activity in the parish is undertaken by volunteers and we are very grateful for their work. We have a good team of retired, self-supporting and lay 12

AnnutslRwtloiiheyearendlng 31 De¢ember2023 ministers who support the work of the stipendiary clergy, as well as many lay volunteers who give up their time to fulh'l a whole variety of roles in the life of our churches. 7. FINANCIAL REVIEW The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Acts 2011 and 2022 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 published on 16 July 2014, the latest edition being dated October 2019. Across the whole Parish income of all funds for 2023 amounted to £340,16212022 £298,172) as shown on the linancial statements. That included income from bequests and donations in memoriam totaling £6,89812022 £4,000). Those amounts for 2023 were wholly to be used for unrestricted purposes. Diocesan Energy Support grant of £8,51412022 nlll was received by St Mary's. Diocesan Energy Support grant of £48212022 nill was received by St Peter's and a further grant of £l.00012022 nil) from the local authority. £35,87412022 £27,025) came from letting the parish hall, which was supplemented by a Diocesan energy grant of £1,00412022 £1,904 from the local authority related to the Covid-19 pandemic and energy Cost support) and by donations of £nil12022 £1001, £27,903 12022 £23,720) from investment income, £10,99912022 £11,587) from such main charitable activities as weddings and funeral services and the balance of £247,48812022 £229,836) came primarily from church members. There were slightly fewer exceptional items in 2023 within the £247,488 than in 2022. At Mary's £4,926 was raised from event fees and other fundraising actr'vities12022 £5,2681- £1,089 was raised for Choir Association activities12022 £1,075),. savings on organ maintenance contributed £nil12022 £2,8541 to the Organ Fund. Stripping out these exceptional items, the recurrent income raised from the congregats'ons amounts to about £241,47312022 £220,639). Again, taking the Parish as a whole, expenditure on charitable activities totaled £416,363 12022 £341,652). Thus, expenditure on charitable activities across the parish rose from 2022 to 2023 by £74,711. That increase was split £61,484 at St Mary's, £11.612 at St Peter's and £1,615 at the Thomas Clarkson Centre. The main changes at St Mary'5 were a5 follow5. £50,37612022 £16,308) was spent on Fabric at St Mary's. £23,70012022 £20,000) was spent on upgrading the sound and visual System at St Mary's. £188,14912022 £164,757) was Spent on charitable activities through General Fund. The main changes at St Peter's were as follows. £IO,55812022 £4,766) was spent at St Peter's on Fabric including preparation for a planned extension to the church building. £80,58412022 £77,655) wa5 spent on charitable activities through General Fund. £2,2￿{2022 nil) was expended through Love Gift Fund. £37,34512022 £35,730) was spent at the Thomas Clarkson Centre, the increase being 13

AnnutslRwtloiiheyearendlng 31 De¢ember2023 attributable to an increase in utilities costs and maintenance offset by a reduction in contributions to Parish costs. Expenditure on charitable activities included donations and grants to other charitr.es totaling £35,66112022 £32,4731- In additr.on to expenditure on main charitable activities, costs of fundraising were very small in both 2023 and 2022. After taking into consideration a rise in the value of our investments by £86,51612022 fall of £110,728) our income and gains therefore exceeded our expenditure and losses by £8,329 12022 surplus expenditure and losses of £156,081). Income of £6,898 was attributable to bequests and donations in memoriam12022 £4,(Wl and a deficit of £18012022 £6,683) generated by the Thomas Clarkson Centre. Each of the three component part5 of the PCC'S financial artivitie5 ha5 a reserves policy appropriate to its circumstances. At the end of 2023 St Mary's had total net assets, excluding permanent endowments, of £914,936. That is made up of £207,865 balances on unrestricted funds and £707,071 balances on restricted funds. Within unrestricted funds, the main balances for day-to-day purposes are the general fund and a linked fund together havin8 a balance of £48,008. This balance is consistent with a reserves policy of holdin8 sufficient in such reserves to pay three months recurrent bills, and. in addition, general rese￿eS can have recourse to the Mission Development Fund. The Mission Development Fund is the other main unrestricted fund with a balance of about £156,300, which the PCC aims to use for development rather than simply maintenance of the mission life of the church, but can, if needed, be used to support the general fund. The main reserves within restritted funds are the Fabric Fund and linked funds, which have total balances of £640,350. The PCC wishes to retain £216,077 consisting of the Rae portfolio intact, leaving £424,273 available to meet any urgent work on the fabric of St Mary's. The £424,273 includes equity-based investments of £370,568, which are subject to stock market fluctuations. St Peter's has net assets of £408,638. The main components of these are a Fabri¢ Fund balance of £355,670 (including the surplus on linked investments). other restricted fund balances of £6,775, the balance of the Daphne Swatman Mission Fund of £18,575 and a General Fund balance of £27,618. sufficient to meet normal recurrent bills over a period slightly more than four months. The Thomas Clarkson Centre has net assets of £611.395. That includes the building itself at a valuation of £250,oc￿ plus expenditure incurred to the end of 2013 of £323,600 on planning and building the extension of the hall. General realisable reserves of about £37,800 are held. These are suffi.cient to meet short-term likely refurbishment cost5 and to meet recurrent bills for six months. Amounts not expected to be used in a period of about five years since acquisition are held in equity based pooled investments with the Church of England Investment Fund. Across the 14

AnnutslRwtloiiheyearendlng 31 De¢ember2023 Parish these assets, excluding endowment funds, total about £893,300. These rose in value in 2023 by 9.4%. This investment fund has an ethical approach consistent with Church of England ethical principles. £8,100 is held in bond based pooled investments with the Church of England Short Duration Bond Fund and £10.970 available to the PCC held by the Diocesan Board of Finance. A further amount of £470.954 15 held with various banks, of which £45,000 is held on deposit with the Church of England Deposit Fund. Much of the amounts held with Church of England Deposit Fund is held available to be spent on any urgent unplanned building work at St Mary's church. Bank deposit balance5 are held at a high level by St Peter's in anticipation of work to be carried out on the Fabric of St Peter's. 8. PLANS FOR THE FUTURE As we finally leave the legacy of the pandemic behind, 2024 will be a year of consolidating the growth God has blessed us with in 2023 back to pre pandemic levels, with a view to unlocking further numerical and spiritual growth in 2024. After his first full year in the role. the key areas the vicar wishes to develop at St Mary's going into 2024 and beyond are: • Enablin8 both main Sunday congregations to thrive in their own distinctive directions, with a high quality of music and teaching. To ensure the contemporary worship and the choral excellence of the church continues to thrive and enable us to worship God faithfully. To support the Director of Music as we transition the choir from one based primarily around the choral education of children to a flourishing parish choir for all ages. Focussing on mission and ministry to young people. through Sunday children's discipleship and occasional events Isuch as Road to Christmas and Road to Easterl. and through the appointment of a part time youth worker to build on the budding youth ministry at St Mary's and across the parish. Growing all of the congregations in number and in depth, through preaching, Alpha, home groups, and encouraging christr.ans to be more open about their faith to those around them. Maintaining the first balanced budget we've had in year5, through continuing to encourage Sacrificial regular giving. and being good stewards with the treasure God has entrusted to U5. 5t Peter's will continue to deliver the ministry and mission of the church, including- To continue to entourage growth and new members feeling welcome. To increase our volunteer base by encouraging members to be involved in ministry and mission. 15

AnnutslRwtloiiheyearendlng 31 De¢ember2023 To continue to reach out to our community and meet their needs when and where wecan. To continue our efforts to be a welcoming and resourcing place for children, young people and families and in passing on the faith to the next generation. To maintain our relationship with Westgate khool. To continue with the development of an extension and better facilities at St Peter's Church. At the Thomas Clarkson Centre, we hope at some point to reassess the possibility of renovating the School Hall and Sawbridge Hall and to improve the storage facilities in the Centre. SIGNED ON BEHALF OF THE PAROCHIAL CHURCH COUNCIL Vicar and chair of the PCC.. PCC Treasurer: Date.. 16
INDEX PAGE
StatementofFinancialActivitiesfortheParishincorporating
5tMary's, St Peter's andtheThomas ClarksonCentre
Balance Sheetat31December2023fortheParish
incorporatingSt Mary's, St Peter's andtheThomas ClarksonCentre 2
CashFtowStatementfortheParishincorporating
St Mary's, St Peter's andtheThomasCtarkonCentre 3
Statementof trustees'responsibilities 4
AccountingPoticies 5to6
St Mary'sincomeandexpenditure offunds 7to11
St Mary'sdetaitsof fundbatances 12
StPete/sincome and expenditureoffunds 13to15
5tPeter'sdetaitsof fundbalances 15
Thomas CtarksonCentre detaitsofincomeandexpenditure 16
Notestofinancialstatements 17to24

PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ST PETER'S BURY ST EDMUNDS

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2023

ST MARY'S ST PETER'S ST PETER'S THOMAS CLARKSON CENTRE THOMAS CLARKSON CENTRE THOMAS CLARKSON CENTRE PARISH PARISH
Unrestricted Restricted Endowment TOTAL Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL TOTAL
Funds Funds Funds FUNDS Funds Funds FUNDS Funds Funds FUNDS FUNDS
2023 2022 2023 2022 2023 2022 2023 2022
Note £ £ £ £ £ £ £ £ £ £ £ £
Income and endowments from
Donations and legacies 2(a),2(c),4(a),4(c),6 148824 17882 166706 139375 82443 9407 91850 88698 1004 1004 2004 259560 230077
Other trading activities 2(a),2(c),4(a),4(c),6 4926 900 5826 5763 35874 35874 27025 41700 32788
Investments 2(a),2(c),4(a),4(c),6 5870 18573 24443 22438 437 2736 3173 1264 287 287 18 27903 23720
Charitable activities 2(a),2(c),4(a),4(c),6 8231 790 9021 9987 1978 1978 1600 10999 11587
__ __ __ _ __ __ __ ___ __ __________
TOTAL INCOME AND ENDOWMENTS 167851 38145 205996 177563 84858 12143 97001 91562 37165 0 37165 29047 340162 298172
-------------- -------------- -------------- ------------------------- -------------- -------------------------- ------------ --------------------------------------------------------------------------------
Expenditure on
Raising funds 2(b),2(d),4(b),4(d),6 1958 28 1986 1867 0 6 1986 1873
Charitable activities 2(b),2(d),4(b),4(d),6 214990 60124 275114 213630 81807 22097 103904 92292 37345 37345 35730 416363 341652
__ __ __ _ __ __ __ ___ __ __________
TOTAL EXPENDITURE 216948 60152 277100 215497 81807 22097 103904 92298 37345 0 37345 35730 418349 343525
-------------- -------------- -------------- ------------------------- -------------- -------------------------- ------------ --------------------------------------------------------------------------------
Net gains/(losses) on investments 12174 50697 4548 67419 (95591) 19097 19097 (15137) 86516 (110728)
-------------- -------------- -------------- ------------------------- -------------- -------------------------- ------------ --------------------------------------------------------------------------------
Net Income and gains/(expenditure and losses) (36923) 28690 4548 (3685) (133525) 3051 9143 12194 (15873) (180) 0 (180) (6683) 8329 (156081)
Transfer between funds 11890 (11890) 0 0 505 (505) 0 0 0 0 0 0
-------------- -------------- -------------- ------------------------- -------------- -------------------------- ----------- --------------------------------------------------------------------------------
Net Income and gains/(expenditure and losses)
before other recognised gains and losses (25033) 16800 4548 (3685) (133525) 3556 8638 12194 (15873) (180) 0 (180) (6683) 8329 (156081)
Other recognised gains/losses
Gains (losses) on revaluation of fixed assets
Actuarial gains/losses on defined benefit pension schemes
__ __ __ _ __ __ __ _ ______ __ __________
NET MOVEMENT IN FUNDS (25033) 16800 4548 (3685) (133525) 3556 8638 12194 (15873) (180) 0 (180) (6683) 8329 (156081)
Total funds brought forward 3,5,6 232898 690271 48336 971505 1105030 42637 353807 396444 412317 611575 611575 618258 1979524 2135605
at beginning of year
__ __ __ _ __ __ __ _ ______ __ __________
Total funds carried forward
at end of year 3,5,6 207865 707071 52884 967820 971505 46193 362445 408638 396444 611395 0 611395 611575 1987853 1979524
**__ ** __ __ _ **__ ** **__ ** __ **___ ** **__ ** __________

1

P￿ROcHiAL CHURCH ¢OUNCIL OF ST IAARYS IITTrI ST PETEAS. 8LW ST EDIII￿1Ds BALANCE SHEET AT31 DE¢EMBER 2023 2022 St Matys pa￿Sh St Marf Clathson C Parlsh FLXED ASSETS TangtAe Investments Investments Regln81d Fw51aNI [￿19 Fabri¢ pcrftNIo 10 $73599 573599 285806 222515 219647 150971 311718 24315T 240312 311718 243157 240312 17 222515 219647 12 150971 CURRE14T ASSETS Slockofrard5, guid85 & bo¢ Debl<)rs and wepayments sh at bank and in har )1 479J2 9110 258475 165 478 9275 554814 182751 24QW1 CURREPU LIABIUTIES Crediiors 14 191851 11n11 I1¢￿7) 1315231 I2￿) 29761 1100791 1381531 NET CL￿￿ENT ASSETS 1n633 243737 245473 37976 627186 Loans 15 NET AssErs 967820 611395 t987853 971 611575 1979524 FLIND8 16 EnL10¥wn￿t R8siri¢tsd Unrestncl8d 48336 10440T8 887110 707071 362445 46193 1(W16 6￿271 353W7 42637 611395 611576 TOTNL FUNDS 967820 611395 1987853 971505 811575 1979S24 Thts sh*. ftyms ￿ daccoLF)ts apwfftd 26 Ilarch 2024 PCC Chakrnan Tre8surer

PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ST PETER'S, BURY ST EDMUNDS

CASH FLOW STATEMENTS FOR YEAR ENDED 31 DECEMBER 2023

Note 2023 2023 2022 2022
£ £
St Mary's St Peter's Thomas
Clarkson Centre		 Parish St Mary's St Peter's Thomas
Clarkson Centre		 Parish
Net cash inflow from operating activities (100167) (11321) (275) (111763) (62978) (550) (16382) (79910)
Interest received 8 24443 3173 287 27903 22438 1809 18 24265
Interest paid 15 0 0 0 0 0 0 0 0
Net cash inflow from investments 24443 3173 287 27903 22438 1809 18 24265
(Capital expenditure) 10 0 0
Sale of investments 0 0
(Purchase of investments) 0 0
______ ______ _____ _ ______ _____ ____ _
Increase/(decrease) in Cash (75724) (8148) 12 (83860) (40540) 1259 (16364) (55645)
====== ====== ==== ======= ====== ====== ===== =======
Reconciliation of operating surplus to net cash inflow from operating activities
Operating surplus/(deficit) SOFA (3685) 12194 (180) 8329 (133525) (15873) (6683) (156081)
(Investment income) 8/15 (24443) (3173) (287) (27903) (22438) (1809) (18) (24265)
(Gains)/losses on investments SOFA (67419) (19097) (86516) 95591 15137 110728
Depreciation 10 0 0
Decrease/(Increase) in stock (15) (15) (283) (283)
Decrease/(Increase) in debtors 13 1308 0 (336) 972 (6091) 0 913 (5178)
Increase/(decrease) in creditors 14 (5913) (1245) 528 (6630) 3768 1995 (10594) (4831)
______ _ _____ _ _ _____ _____ _
Net cash inflow from operating activities (100167) (11321) (275) (111763) (62978) (550) (16382) (79910)
====== ====== ====== ======= ======= ====== ===== =======
Reconciliation of net cash flow to movement in cash and bank balances
Increase/(decrease) in cash in year (75724) (8148) 12 (83860) (40540) 1259 (16364) (55645)
Cash and bank balances at beginning of year 258475 248449 47890 554814 299015 247190 64254 610459
______ _ ______ _ _ ______ ______ _
Cash and bank balances at end of year 182751 240301 47902 470954 258475 248449 47890 554814
====== ====== ====== ======= ======= ====== ===== =======

3

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

4

PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ST PETER'S, BURY ST EDMUNDS

Notes to the Financial Statements For the year ending 31 December 2023

1 Accounting Policies

Basis of financial statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102.

The financial statements have been prepared under the historic cost convention except for investment assets, which are shown at market value. The financial statements include transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of any church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Fund accounting

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available to be spent on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The unrestricted funds of each of St Mary's and St Peter's Churches are, in practice, restricted to the furtherance of mission primarily as decided by the District Council of each respective Church.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in the notes to the financial statements. Endowment funds, where the capital must be retained, are explained in note 17.

Incoming Resources

Donations and legacies

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised in the final amount claimable for the tax year ending in the period of accounts plus an iterim claim in respect of the next following tax year. Grants and legacies to the PCC are accounted when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable.

Income from other trading activities

Funds raised by letting the Thomas Clarkson Centre (parish hall), fund raising events and sales of cards and guides from the church bookstall are accounted for gross.

Income from investment

Dividends and interest are accounted for when declared receivable.

Income from Charitable Activities

Income is recognised for the period in which it is earned.

Resources used

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.

5

1 Accounting Policies (Continued)

Activities directly related to the work of the Church

The diocesan parish share expected to be paid over is accounted for when due.

Other expenditure

All other expenditure is recognised when it is incurred and is accounted for gross.

Gains and losses on investments

Realised gains and losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s. 10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s Inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2001, there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis.

All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £2,500 or on the repair of movable church furnishings acquired before 1 January 2001 is written off.

Other land and buildings

The Thomas Clarkson (formerly Hyndman) Centre is shown at valuation so as to conform with SORP issued on 16 July 2014. Prior to SORP 2005 it was excluded since the PCC has a policy of long term retention of these assets. These assets are included at valuation on the balance sheet since reliable cost information is not available. Any expenditure on maintenance is written off as incurred.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rent or other income are shown as debtors less any provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Deposit Fund or at the bank.

6

Note 2 St Mary's Church Summary of income of unrestricted funds

Total General Clergy Mission Social & Sound Tiddlywinks
Housing Development Fellowship Happy Hands
Income and endowments: donations and legacies 148824 139982 5898 2944
Income from other trading activities 4926 4926
Income from Investments 5870 2335 3535
Income from Charitable activities 8231 8231
Other income 0
Total income of unrestricted funds 167851 155474 0 9433 2944 0 0
Summary of expenditure of unrestricted funds
Total General Clergy Mission Social & Sound Tiddlywinks
Housing Development Fellowship Happy Hands
Expenditure on Raising Funds
Cost of generating Giving income 492 492
Fundraising trading: costs of goods sold 1466 1466
Expenditure on Charitable activities 214990 188149 23700 2404 737
Total expenditure of unrestricted funds 216948 190107 0 23700 2404 737 0
Summary of income of restricted funds
Total Choir Fabric Flowers Mission Organ Phoenix Projects
Association
Income and endowments: donations and legacies 17882 775 124 250 6657 10076
Income from other trading activities 900 314 586
Income from Investments 18573 18290 15 268
Income from Charitable activities 790 790
Other income
Total income of restricted funds 38145 1089 18414 1641 6657 268 0 10076
Summary of expenditure of restricted funds
Total Choir Fabric Flowers Mission Organ Phoenix Projects
Association
Expenditure on Raising Funds
Fundraising trading: costs of goods sold 28 28
Expenditure on Charitable activities 60124 826 50376 1588 6657 677
Total expenditure of restricted funds 60152 826 50376 1616 6657 0 0 677

7

Note 2(a) St Mary's Church

Income of unrestricted funds

2023 2022
Income and endowments
Donations and legacies
Fund Description of Income
General Planned Giving attracting tax relief 76906 73479
Tax recovered 21212 20883
Collections and visitors' donations 33350 25171
Diocesan Energy Grant 8514
______ 139982 _ 119533
Mission Development Bequests
Shirley Gertrude Bennett 3000
Faith Margaret Walker 5898
______ 5898 _ 3000
Social & Fellowship Donations 60 330
Open Kitchen 2884
______ 2944 _ 330
Tiddlywinks Prior year adjustment 45
------------ ------------
148824 122908
====== ======
Income from other trading activities
Fund Description of Income
General Postcards, books, CD's & sundries 1305 1898
Concerts and fundraising events 3621 3370
--------- ---------
4926 5268
===== =====
Income from Investments
Fund Description of Income
General Interest and dividends 2335 1207
Mission Development Interest and dividends 3535 3289
--------- ---------
5870 4496
===== =====
Income from Charitable activities
Fund Description of Income
General Wedding etc. fees 8231 7399
Sound Wedding etc. fees 240
--------- ---------
Total 8231 7639
===== =====

8

Note 2(b) St Mary's Church

Expenditure of unrestricted funds

2023 2022 2022
Expenditure on Raising funds
Fund Description of Expenditure
General Cost of generating voluntary giving 492 0
Postcards, books, CD's & sundries 640 504
Costs of concerts and fundraising events 826 1363
--------- ---------
1958 1867
===== =====
Expenditure on Charitable activities
Fund Description of Expenditure
General Parish Share paid to Diocese 90070 82070
Clergy expenses 739 275
Alpha course etc. 408
Children's material 50 9
Bibles, books, wine & candles 955 66
Musical costs 15954 16323
Utilities & insurance 40251 29938
Wedding etc. expenses 1293 952
______ 149720 ______ 129633
General Office running costs 448 712
Parish administrators 15382 16040
Payroll administration 1164
Youth work 252 252
Caretaker work at Sunday services 1264
Printing, stationery and advert. 2757 2043
Photocopying & paper 1245 1302
Sundries 1908 2312
Telephone 723 525
Deanery 20
Independent Examination costs 100 100
______ 25263 ______ 23286
General Grants made 13166 11838
Clergy Housing Maintenance Lawn mower 200
Mission Development Sound system improvements 23700 20000
Social & Fellowship Refreshments etc. 1031 648
Costs of Open Kitchen 1373
______ 2404 ______ 648
Sound Microphones, batteries and wages 737 1959
------------ ------------
Total 214990 187564
======= =======

9

Note 2(c) St Mary's Church

Income of restricted funds

2023 2022
Income and endowments
Donations and legacies
Fund Description of Income
Choir Association Donations and subscriptions etc. 775 887
Fabric Other grants and donations 124 203
Bequests
_____ 124 _____ 203
Flower Donations 250 330
Mission Collections and monthly giving 6657 5159
Organ Donations 3119
Phoenix Folk Group Donations
Projects Donation for Altar cloth 205
Donation for Alpha banner 60
Donation for Children's library 200
Donation for gardener at vicarage 1000
Donation for Youth work 3500
Donation Time Together 233 40
Road to Christmas 574
Donations for staff wages 5083 4950
_____ 10076 _____ 5769
Bequest - Shirley Spencer 1000
---------- --------
17882 16467
====== =====
Income from other trading activities
Fund Description of Income
Choir Association Fund raising income 314 188
Flower Fund raising income 586 307
--------- ---------
Total 900 495
===== =====
Income from Investments
Fund Description of Income
Fabric Dividends from Sayer bequest 881 876
Dividends from Rae bequest 5906 5874
Dividends from Fursland portfolio 6578 6535
Other investment income 4925 4387
_____ 18290 _____ 17672
Flower 15 3
Organ Dividends from Plumpton bequest 268 267
--------- --------
Total 18573 17942
===== =====
Income from Charitable activities
Fund Description of Income
Flower Wedding fees & donations 790 2348
--------- --------
Total 790 2348
===== =====

10

Note 2(d) St Mary's Church

Expenditure of restricted funds

2023 2022
Expenditure on Raising funds
Fund Description of Expenditure
Flower Costs of fundraising 28 0
====== =====
Expenditure on Charitable activities
Fund Description of Expenditure
Choir Association Choir activities 826 814
Jazz concert 287
______ 826 ______ 1101
Fabric Carpentry 734
Caretaker 5776 5527
Flags and flagpole repairs 126 239
Glass repairs 490
Lighting and electrical 8503 4494
Locks and keys 448
Masonry 1182
Miscellaneous 1174 1129
Painting 2088
Quinquennial work 29016 1815
Statutory tests & maintenance 1701 250
Tree removal 1992
______ 50376 ______ 16308
Flower Provision of flowers 1588 2671
Mission Grants made 6657 5159
Projects Alpha Banner 70
Altar cloth 205
Gardener at vicarage 441
Road to Christmas 12 420
Strimmer 150
Time Together 154 52
______ 677 ______ 827
---------- ---------
Total 60124 26066
====== =====

11

Note 3 St Mary's Church Details of Fund Balances at end of year

Fund Balances
2023 2022
£ £
Unrestricted Funds
General Fund 17631 27521
Surplus on CBF Shares 30377 27644
Clergy Housing Maintenance Fund 2200 1400
Mission Development Fund 113407 142077
Surplus on Mission Development portfolio 42901 33460
Social and Fellowship 749 209
Sound Fund 70 57
Tiddlywinks/Happy Hands 530 530
----------- -----------
3(A) 207865 232898
====== =====
Restricted Funds
Choir Association 4952 4689
Fabric Fund 275848 314573
Flower Fund 1353 1328
Mission Fund 0 0
Organ Fund 38916 38648
Phoenix Folk Group 1 1
Projects Fund 12014 7742
Surplus on Croasdale & fabric
committee portfolios 25339 22616
Surplus on DBF deposit 9485 9235
Surplus on Fursland portfolio 112992 92327
Surplus on Porter portfolio 59925 51447
Surplus on Rae portfolio 166246 147665
----------- -----------
3(B) 707071 690271
====== =====

Expenditure on St Mary's Fabric can have recourse to the amount of the aggregate balances on the Fabric Fund plus the surpluses on the Croasdale & fabric committee, Fursland, Porter and Rae portfolios. At 31 December 2023 this was £640,350 (2022 £628,628)

Endowment Funds
Sayer Bequest 32213 29442
Plumpton Bequest 9811 8967
Raingate Street Charity 3933 3595
Chancel Repair Fund 5538 5062
J Sutton Charity 417 382
St Mary's Estate 723 661
Lady Rivers Charity 249 227
--------- ---------
52884 48336
===== =====

12

Note 4 St Peter's Church

Summary of income of unrestricted funds

Summary of income of unrestricted funds
Total General Daphne
Swatman
Mission
Income and endowments: donations and legacies 82443 82134 309
Income from other trading activities
Income from Investments 437 437
Income from Charitable activities 1978 1978
Other income
Total income of unrestricted funds 84858 84112 746
Summary of expenditure of unrestricted funds
Total General Daphne
Swatman
Mission
Expenditure on Raising Funds
Fundraising trading: costs of goods sold
Expenditure on Charitable activities 81807 80584 1223
Total expenditure of unrestricted funds 81807 80584 1223
Summary of income of restricted funds
Total Fabric Little Fishes Love Gift Mission People Social &
(Toddler) in Need Fellowship
Income and endowments: donations and legacies 9407 120 9287
Income from other trading activities
Income from Investments 2736 2736
Income from Charitable activities
Other income
Total income of restricted funds 12143 2736 120 0 9287 0 0
Summary of expenditure of restricted funds
Total Fabric Little Fishes Love Gift Mission People Social &
(Toddler) in Need Fellowship
Expenditure on Raising Funds 0
Expenditure on Charitable activities 22097 10558 52 2200 9287
Total expenditure of unrestricted funds 22097 10558 52 2200 9287 0 0

13

Note 4(a) St Peter's Church Income of unrestricted funds

2023 2022
Income and endowments
Donations and legacies
Fund Description of Income
General Regular Planned Giving 60007 61212
Tax recovered 14108 15303
Other collections and donations 7483 2482
Special events/miscellaneous 536 387
______ 82134 ______ 79384
Daphne Swatman Mission Donations 309 309
Tax recovered
______ 309 309
----------- -----------
82443 79693
====== =====
Income from Investments
Fund Description of Income
Daphne Swatman Mission Interest 437 190
----------- -----------
437 190
===== =====
Income from Charitable activities
Fund Description of Income
General Wedding etc. fees 1978 1600
===== =====
Note 4(b) St Peter's Church
Expenditure of unrestricted funds
2023 2022
Expenditure on Charitable activities
Fund Description of Expenditure
General Parish Share paid to
Diocese 61930 61930
Clergy, readers & others' expenses 1035 1482
Bibles, wine, candles & flowers 816 156
Musical activities costs 402 291
Utilities, insurance & maintenance 4759 1580
Wedding etc. expenses 581 787
Specific groups/services 311 609
______ 69834 ______ 66835
Parish administration 3683 3818
Depreciation
Printing, photocopying and advert. 343 315
Miscellaneous 73 50
Audit/Independent Examination Fee 100 100
______ 4199 ______ 4283
General Grants made 6551 6537
______ 80584 ______ 77655
Daphne Swatman Mission Equipment for outreach
Printing and publicity
Outreach expenditure 1223 721
______ 1223 ______ 721
----------- -----------
Total 81807 78376
====== =====

14

Note 4(c) St Peter's Church Income of restricted funds

Note 4(c) St Peter's Church
Income of restricted funds
2023 2022
Income and endowments
Donations and legacies
Fund Description of Income
Fabric Donations
______ 0 ______ 0
Little Fishes Donations & subscriptions 120 60
Love Gift Donations
Mission Collections and monthly giving 9287 8945
People in Immediate Need Donations
Social & Fellowship Donations & subscriptions
----------- ------------
Total 9407 9005
====== =======
Income from Investments
Fund Description of Income
Fabric Interest 2736 1074
----------- -----------
Total 2736 1074
===== =====
Note 4(d) St Peter's Church
Expenditure of restricted funds
2023 2022
Expenditure on raising Funds
Fund Description of Expenditure
Mission Expenditure 6
--------- --------
Expenditure on Charitable activities
Fund Description of Expenditure
Fabric Building Extension 6444 1097
Fabric improvements 631
Insurance 1092 1014
Maintenance 2670 1910
Miscellaneous 352 114
______ 10558 ______ 4766
Little Fishes Expenditure of Toddlers 52 111
Love Gift Support given 2200
Mission Grants made 9287 8939
People in Immediate Need Support given 100
Social & Fellowship Social expenditure
--------- --------
22097 13916
===== =====
Note 5 St Peter's Church
Details of Fund Balances at end of year
Fund Balances 2023 2022
£ £
Unrestricted Funds General Fund 27618 23585
Daphne Swatman Mission 18575 19052
--------- -----------
46193 42637
===== ======
Restricted Funds Fabric 285602 293424
Surplus on Fabric portfolio 70068 50971
Little Fishes (Toddler Group) 379 311
Love Gift 1246 2846
Mission 0 0
People in Immediate Need 5150 4550
Social & Fellowship 0 1705
--------- -----------
362445 353807
===== =====

15

Note 6 Thomas Clarkson Centre Details of income and expenditure

Destination

Note THOMAS CLARKSON CENTRE

For the year ended 31 December 2023

2023 2023 2023 2022 2022 2022
£ £ £ £
General Fund
Income
6(a) Covid-19 grants 0 404
Local Authority Grant 1500
Diocesan Energy Grant 1004
6(b) Donations 0 100
6(c) Hiring income 35874 27025
6(d) Bank interest 287 18
______ 37165 _____ 29047
Expenditure
Cleaning 7060 6363
Gas 5928 2423
Electricity 2231 1677
Refuse Collection 504 503
Water Rates 667 710
Insurance 815 766
Maintenance & Fittings 4376 2712
Building works
Internet 500 494
Sundry expenditure 264 82
Administration of bookings 11000 8000
Parish Share paid to Diocese 4000 12000
6(e) ______ (37345) _____ (35730)
Governance costs
6(f) Independent Examination expenses (0) (0)
_ _
Surplus/(deficit) for year (180) (6683)
6(g) Balance b/f 611575 618258
--------- ----------
6(h) Balance c/f 611395 611575
====== ======

16

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

7 Staff costs 2023 2022
£ £
Thomas
St Mary's St Peter's Clarkson Parish Parish
Centre
Wages, salaries and social security 45004 3200 17232 65436 58212

During the year the PCC employed at St Mary's a Director of Music, an assistant organist, a choir leader, two parish administrators, a caretaker and a cleaner. The PCC also employed a cleaner at the Thomas Clarkson Centre. The parish administrators' roles were reorganised during 2021 on the basis of two part time jobs and were employed partly on work related to St Mary's, St Peter's and the Thomas Clarkson Centre.

All employees earned below £60,000 pa. All employees were employed part time.

The average number of full time equivalent employees for the year for the Parish was 4.

Employers' National Insurance costs amounting to £ nil (2022 £ nil) were included in the costs reported in this note.

Employers' occupational pension costs under a defined contribution scheme with NEST amounted to £2,440 (2022 £2,143).

The salaries paid in the year to PCC employees who were also members of PCC or close family of such members were as follows: Administrator including Events Management Mrs J Crofts £21,692.

The salaries of the Administrators are set by St Mary's Finance Committee. Mrs J Crofts is not a member of that committee. The salaries are endorsed by the PCC. Mrs J Crofts disqualifies herself from consideration by the PCC of her salary.

Two members of the PCC were reimbursed travelling, telephone and other expenses totalling £1,309.

8 Investment Income

The gross investment income arising from each class of investment is disclosed as follows.

2023 2022
£ £
Thomas
Clarkson
St Mary's
St Peter's		 Parish Parish
Centre
Income from investments listed on a
recognised stock exchange and from ones
valued by reference to such investments 21236 21236 21167
Other investments - cash deposits 3207
3173
287		 6667 2553
__ __ ______ _____
24443
3173
287		 27903 23720
===== ===== =====
 ====== =====
9 Transfers between Funds
Funds affected Reason for transfer
St Mary's 2023 2022
£ £
From Fabric Fund to General Fund Insurance/alarm on Fabric met by Fabric Fund 6763 5983
To General Fund from Fabric Fund Insurance/alarm on Fabric met by Fabric Fund (6763) (5983)
To Sound Fund from General Fund Maintenance and operation of sound system 750 1500
From General Fund to Sound Fund Maintenance and operation of sound system (750) (1500)
To Social & Fellowship Fund from General Fund Support for Social & Fellowship activities 500
From General Fund to Social & Fellowship Fund Support for Social & Fellowship activities (500)
From Projects Fund to General Fund Donations restricted to paying Staff wages 5083 4950
To General Fund from Projects Fund Donations restricted to paying Staff wages (5083) (4950)
From Projects Fund to General Fund Donations from Time Together 44
To General Fund from Projects Fund Donations from Time Together (44)
To Clergy Housing Fund from General Fund Addition to designated fund to maintain housing 800 800
From General Fund to Clergy Housing Fund Addition to designated fund to maintain housing (800) (800)
To Flower Fund from General Fund Support given to Flower Fund for flowers in church 500
From General Fund to Flower Fund Support given to Flower Fund for flowers in church (500)
From Mission Development Fund to General Fund Investment income used to support General Fund 3535 3289
To General Fund from Mission Development Fund Investment income used to support General Fund (3535) (3289)
From Mission Development Fund to General Fund Previous years' income to support General Fund 10868 29939
To General Fund from Mission Development Fund Previous years' income to support General Fund (10868) (29939)
__ ______
Total Transfers 0 0
======= =======
St Peter's 2023 2022
£ £
From General Fund to Love Gift Fund Tithed giving to support Love Gift Fund 600 600
To Love Gift Fund from General Fund Tithed giving to support Love Gift Fund (600) (600)
From General Fund to People in Immediate Need Tithed giving for People in Immediate Need Fund 600 600
To People in Immediate Need from General Fund Tithed giving for People in Immediate Need Fund (600) (600)
To General Fund from Social & Fellowship Fund Social & Fellowship activities absorbed in General 1705
From Social & Fellowship Fund to General Fund Social & Fellowship activities absorbed in General (1705)
__ ______
0 0
======= =======

Thomas Clarkson Centre

There were no transfers between funds of the Thomas Clarkson Centre or from or to those funds involving other Parish Funds in 2022 or in 2023.

17

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

10 Fixed assets for use by PCC 10 Fixed assets for use by PCC St Mary's
£
General
Office
Equipment		 Projector Audio Visual
Equipment		 Copier Total
Cost At 31 December 2022 1767 6695 0 2645 11107
Additions 0
Disposals 0
Cost At 31 December 2023 1767 6695 0 2645 11107
==== ==== ==== ==== ====
Accumulated depreciation At 31 December 2022 1767 6695 0 2645 11107
Charge for year 0 0
Depreciation on disposals 0
Accumulated depreciation At 31 December 2023 1767 6695 0 2645 11107
==== ==== ==== ==== ====
Net Book Value At 31 December 2023 0 0 0 0 0
==== ==== ==== ==== ====
Net Book Value At 31 December 2022 0 0 0 0 0
==== ==== ==== ==== ====
St Peter's
£
Chairs Audio Visual
Equipment		 Copier Total
Cost At 31 December 2022 9419 0 1323 10742
Additions 0
Disposals 0
Cost At 31 December 2023 9419 0 1323 10742
==== ==== ==== ====
Accumulated depreciation At 31 December 2022 9419 0 1323 10742
Charge for year 0 0
Depreciation on disposals 0
Accumulated depreciation At 31 December 2023 9419 0 1323 10742
==== ==== ==== ====
Net Book Value At 31 December 2023 0 0 0 0
==== ==== ==== ====
Net Book Value At 31 December 2022 0 0 0 0
==== ==== ==== ====
Thomas Clarkson Centre
£
2023 2022
Property at valuation At 31 December 2012 & 2013 250000 250000
Expenditure of Development to 31 December 2009 21776 21776
Expenditure of Development Y/E 31 December 2010 104934 104934
Expenditure of Development Y/E 31 December 2011 185375 185375
Expenditure of Development Y/E 31 December 2012 7714 7714
Expenditure of Development Y/E 31 December 2013 3800 3800
______ ______
Valuation and development expenditure at end of year 573599 573599
======= ======

The Clarkson Centre has been included at a valuation as at 31 December 2005 together with expenditure on work on the extension to the Centre. The valuation was carried out by Tony Redman, MA, BSc, FRICS, IHBC. His qualification to carry out this valuation is as a partner in the firm of Whitworth Co-Partnership, Chartered Architects and Surveyors.

The basis of valuation is to value the PCC's freehold interest in the School Unit, car park and orchard at Hospital Road Bury St Edmunds on a "value in use" basis. The valuation excludes the consecrated ground and the structure of St Peter's Church. It recognises that the use of the site is limited to any ecclesiastical purpose affecting the parish and any purposes in connection with educational schemes for providing facilities for the spiritual moral and physical training of persons residing in or near the parish. The title to the site is held as custodian trustee by the Diocesan Board of Finance.

There are no surviving records of the historical cost of this site.

It was not valued prior to 2005, since, under SORP 1995, it has been excluded from the Balance Sheet by reason of its having been regarded as an "historic asset".

Depreciation has not been charged in respect of the Thomas Clarkson Centre. This is in the context of the potential depreciation charge and the accumulated depreciation not being material because the estimated residual value of the asset is not materially different from the carrying amount of the asset. The asset has been subject to an impairment review. That review has concluded that the net realisable value is not lower than the net book value.

18

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

11 Investments - fixed assets
St Mary's 2023 2022
£
 £
Endowments at market value 52884 48336
General Fund assets
- Central Board of Finance at market value (cost £1406; 2022 £1406) 31783 29050
Chancel Repair assets at market value
- St Edmundsbury and Ipswich DBF 10974 10724
Rae portfolio at market value
- Central Board of Finance Investment Fund (cost £101503; 2022 £101503) 216077 197496
__ __
311718 285606
======= =======
Croasdale and Fabric Committee portfolios at market value
- Central Board of Finance Investment Fund (cost £15453; 2022 £15453) 31665 28942
Mission Development portfolio at market value
- Central Board of Finance Fixed Interest Fund (cost £9447; 2022 £9447) 8094 7666
- Central Board of Finance Investment Fund (cost £54764; 2022 £54764) 104807 95794
Porter portfolio at market value
- CBF Investment Fund (cost £71487; 2022 £71487) 98591 90113
______ ______
243157 222515
======= =======
St Mary's: for Fabric Fund
Fursland CBF portfolio (original value £163,996; 2022 £163,996) 240312 219647
______ ______
240312 219647
===== =====
12 Investments
St Peter's 2023 2022
£
 £
Fabric portfolio at market value
- Central Board of Finance Investment fund (cost£100,000; 2022 £100,000) 170068 150971
===== =====

13 Debtors

13 Debtors
St Mary's St Peter's Thomas
Clarkson		 Parish Parish
Centre 2022
Tax recoverable:
restricted funds 495 495 588
unrestricted funds 0
Restricted funds 1146 1146 1171
Prepayments 401 401 375
Amounts due from other
parts of Parish 0 560
Other debtors 5760 501 6261 6581
______ _ _ ______ ______
7802 0 501 8303 9275
====== ======= ====== ====== ======
14 Current liabilities
St Mary's St Peter's Thomas
Clarkson		 Parish Parish
Centre 2022
Creditor restricted funds:
Mission collections 1439 1728 3167 4745
Fabric 0 56
Other 0 1252
Accruals & deferred income 13231 10607 23838 27476
Amounts due to other
parts of Parish 0 560
Other creditors 4515 3 4518 4064
______ _____ _____ ______ _____
19185 1731 10607 31523 38153
====== ===== ====== ====== =====

19

Notes to the Financial Statements (continued) For the year ended 31 December 2023

15 Loans

No loans received from outside the PCC were outstanding at any time in the period of these financial statements

16 Analysis of Net Assets by Fund
St Mary's Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2022
£ £ £ £
Fixed asset investments
Endowments 52884 52884 48336
CBF Investments 31783 31783 29050
DBF Investments 10974 10974 10724
Rae portfolio 216077 216077 197496
Porter portfolio 98591 98591 90113
Tangible assets 0 0
Current asset investments
Croasdale & Fabric Committee 31665 31665 28942
CBF Mission Development portfolio 112901 112901 103460
Stock of guides, cards & books 1265 1265 1250
Debtors & prepayments 6161 1641 7802 9110
CBF Deposit Fund balances 15187 29638 44825 79825
Bank balances & deposits 58314 79401 137715 178439
Creditors (17746) (1439) (19185) (25098)
_ _ ______ __ __
207865 466548 52884 727297 751647
Current asset investment
For St Mary Fabric Fund
Reginald Fursland portfolio
CBF Investment Fund 240312 240312 219647
CBF Deposit Fund balances 211 211 211
_ _ ______ __ __
207865 707071 52884 967820 971505
======= ======= ====== ======= =======
St Peter's Unrestricted Restricted Total Total
Funds Funds 2022
£ £ £ £
Tangible Assets 0 0
Bank balances & deposits 46196 194105 240301 248449
CBF Investments 170068 170068 150971
Debtors & prepayments 0 0
Creditors (3) (1728) (1731) (2976)
_ _ __ __
46193 362445 408638 396444
======= ======= ======= =======
Thomas Clarkson Centre Unrestricted Restricted Total Total
Funds Funds 2022
£ £ £ £
Property 250000 250000 250000
Expenditure on development 323599 323599 323599
Bank balances & deposits 47902 47902 47890
Debtors & prepayments 501 501 165
Creditors (10607) (10607) (10079)
_ _ __ __
611395 0 611395 611575
======= ======= ======= =======

20

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

17 Fund details
St Mary's
The unrestricted funds were designated as follows :
General furtherance of the mission of St Mary's
Surplus on CBF shares surplus on General Fund investment therefore available to supplement General Fund
Clergy Housing Fund fund to finance maintenance of Clergy Housing for areas not maintained by Diocese
Mission Development financing of projects to advance the mission of St Mary's
Surplus on Mission surplus on Mission Development Fund investments therefore available to supplement
Development portfolio Mission Development Fund
Social & Fellowship internal and external mission
Sound maintenance and refurbishment of sound system
Tiddlywinks/Happy Hands work with young children & parents
The restricted funds consist of:
Choir Association to maintain and develop St Mary's Choir
Fabric Fund to maintain and improve the Church fabric
Flowers provision of flowers and floral displays
Mission Fund collections on behalf of other church societies & secular charities
Organ Fund to renovate and improve the Church organ
Phoenix Folk Group Fund to bring music to the wider community; dormant
Projects Fund Projects to improve the environment for worship within St Mary's
Surplus on Fursland portfolio Surplus on investments held from 2011 for Fabric Fund therefore available to
supplement Fabric Fund
Surplus on Porter portfolio Surplus on Fabric Fund investments therefore available to supplement Fabric Fund
Surplus on Rae portfolio Surplus on Fabric Fund investments therefore available to supplement Fabric Fund
Surplus on DBF deposit to maintain and improve the Church fabric particularly the Chancel
Surplus on Croasdale
bequest & fabric stocks Surplus on Fabric Fund investments therefore available to supplement Fabric Fund
The endowment funds consist of :
Name Value (£)
Valuation Date
Endowment in favour of
Sayer bequest 32213
31/12/2023
Fabric
Plumpton bequest 9811
31/12/2023
Organ
Raingate Street charity 3933
31/12/2023
General/Mission Development
Chancel Repair Fund 5538
31/12/2023
Fabric/insurance
J Sutton 417
31/12/2023
General
St Mary's Estate 723
31/12/2023
General
Lady Rivers Charity 249
31/12/2023
General

Though St Mary's receives the income on the Sayer Bequest, Plumpton bequest and Raingate Street Charity, and is entitled to the income on the Chancel repair fund, the capital is held by the Diocesan Board of Finance, as custodian trustee who hold the capital in the form of shares in the Central Board of Finance Investment Fund. St Mary's PCC holds the capital of the J Sutton, St Mary's Estate and Lady Rivers Charity in the form of shares in COIF Charities Investment Fund, shares in the CBF Investment Fund and shares in the CBF Investment Fund respectively. These are all permanent endowments which the PCC is not permitted to realise.

21

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

17 Fund details (Continued) St Peter's

The unrestricted fund consists of : General Daphne Swatman Mission Fund

furtherance of the mission of St Peter's bequests and donations for the development of mission This fund was characterised prior to 2013 as a Restricted Fund In 2016 this fund was renamed and absorbed the balance of the formerly named Mission Development Fund

The restricted funds consist of: Little Fishes (Toddler Group) Love Gift Fund

work with young children & parents

Love Gift Fund giving a gift that is not urgent or essential but an expression of God’s love, expressed through His church Mission Fund collections on behalf of other church societies & secular charities Fabric Fund to maintain, reorder and improve the Church fabric In 2016 this fund was renamed and absorbed the balance of the formerly named Reordering Fund Surplus on Fabric portfolio Surplus on Fabric Fund investments therefore available to supplement Fabric Fund People in Immediate Need giving relief to people in immediate need Social & Fellowship internal and external mission

Thomas Clarkson Centre

The unrestricted fund consists of: General letting and investment income and running costs The restricted fund consists of: Appeal for equipment

Special appeal for equipment and expenditure on that equipment

18 Bequests

The total bequests and donations in memoriam for the year were as follows

2023 2022
£ £
St Mary's St Peter's Parish Parish
Restricted and Designated Funds
including Fabric Fund
Shirley Spencer 0 1000
Unrestricted Funds
Sheila Gertrude Bennett 0 3000
Mary Tarry 1000 1000
Faith Margaret Walker 5898 5898
_ _ ______ _
6898 0 6898 4000
======= ======= ====== ======

19 Grants made and collections paid to others

The following grants were made to other organisations and individuals

2023 2022
£ £
St Mary's
from restricted funds 6657 5159
from unrestricted funds 13166 11838
---------- ----------
total 19823 16997
===== =====
St Peter's
from restricted funds 9287 8939
from unrestricted funds 6551 6537
---------- ----------
total 15838 15476
===== =====
Parish total 35661 32473
===== =====

22

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

19 Grants made and collections paid to others (Continued)

The recipients of these grants were as follows:

2023 2022
St Mary's St Peter's Parish Parish
£ £
A2B (Aid to Balkans) 1200 1200 1200
BCY 927 1200 2127 1892
Bury Drop In Centre 1032 1032 692
Bury Town Pastors 250 1200 1450 1892
Children's Society 0 0
CAP (Christians Against Poverty) 1200 1200 1200
Churches Together 66 66 132 120
Covid-19 Appeal 0 0
Dignity Freedom Network 937 937 798
DOXA 0 0
Embrace the Middle East 0 0
Ethiopia Appeal 0 252
Family & Community Network 0 0
Global Hope 942 942 798
Gwomtanzi church roof appeal 1381 1381 0
Leprosy Mission 0 275
Montgomery Heights 1422 1422 1119
Open Doors 1673 1673 1054
Pakistan Flood appeal 0 343
Rattlesden Refugee Support 0 62
RAF Benevolent Fund 644 644 0
Royal British Legion 793 793 864
St George's Day 0 340
SIM/Fifields 6380 6380 6530
SIM/How will they Hear/Greece 1200 1200 1400
Simeon/Hyndman Trustees 100 100 200 0
Sporting 87 922 922 764
Storehouse 45 9287 9332 9109
Tanzania Church Partnership Association 0 0
Tearfund 270 270 842
Turkey/Syria appeal 678 678 0
Ukraine Appeals 1361 1361 927
Water for Africa 0 0
Other 385 385 0
--------- --------- --------- ---------
19823 15838 35661 32473
====== ===== ====== ======

23

Notes to the Financial Statements (continued)

For the year ended 31 December 2023

20 Restatements made to 2022 financial statements

No restatements were made to the statutory financial statements

21 PCC responsibilities for repair

No general provision has been made in the accounts for liabilities to maintain the Church buildings.

At St Mary's all major work identified by the latest quinquennial survey was carried out in 2023, subject to minor snagging items. All planned work on the audio visual system was completed in 2023. No large items of expenditure on fabric are expected to be incurred in 2024.

A quinquennial inspection of St Peter's church was carried out in March 2022. Two sections were identified as needing remedial works and repairs at estimated costs of £4,000 for general repair work and £9,500 for repairs to stonework. Some of the general repair works have been carried out by church members. Stonework repairs were planned for late Spring 2023 and are expected to take place in Spring 2024 subject to approval of the schedule of work.

A revised scheme for the proposed extension to the main building has been put forward and gained initial Local Authority approval. Revised plans have DAC approval in very general terms and further comments from the Victorian Society have been received and are to be discussed.

Work was completed in 2013 on a major scheme affecting the structure of the Thomas Clarkson Centre. Further refurbishment and security work was carried out in 2019. Further refurbishment is expected in future years dependent on available resources.

22 Material transactions with members of the PCC

Other than the remuneration and benefits referred to in note 7 above, there have been no material transactions undertaken in the name of or on behalf of the PCC in which any person connected with the PCC has a material interest. The total income donated by members of the PCC amounted to £34,693. This amount does not include recurrent recoveries of tax under the Gift Aid provisions, which are estimated to amount to £8,673 .

23 Remuneration of auditor/independent examiner

Robin Jackson, director of Churchgate Accountants Ltd, Bury St Edmunds has acted as independent examiner of the 2022 financial statements.

These statements contain a cost of £200 in respect of Independent Examination of the 2022 financial statements and report and a provision of £200 in respect of Independent Examination for 2023.

In both cases the £200 was the net cost to the PCC; that net cost was made up of a charge of £1,200, reduced by a donation of £1,000 to the PCC by Churchgate accountants Ltd.

No fees were paid to the Independent Examiner in respect of any other services rendered to the PCC. Fees were paid to Churchgate Accountants Ltd of £1,164 (2022 £nil) in respect of the provision of payroll services.

24 Insurance of buildings

The insurance cover of the buildings and contents at October 2023 were as follows : St Mary's Church £48,230,000, St Peter's Church £6,650,00 and Thomas Clarkson Centre £3,300,000.

The valuations were based on surveys carried out in 2023 and include improvement work at the Thomas Clarkson Centre. Insurance cover is 100% of the valuations of St Mary's, St Peter's and the Thomas Clarkson Centre.

24

Independent Examiner's Report to the trustees of St Marfs with St Peter's Parochial Church Council I report on the accounts of St Marfs with St Peterfs Parochial Church Council for the year ended 31 December 2023. which are set out on pages I to 24. This report is made solely to the tru5tee5, as a body. in accordance with the General Directions given by the Charity Commission. My work has been undertaken so that I might state to the charity's trustees those matters l arn required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for my work. for this report. or for the opinions I have formed. Respectlve responslbllltles of the trustees and examlner The charivs trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under 5ertion 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. The charitys gross income exceeded £250.CKIO and l am qualified to undertake the examination by being a qualified member of the ICAEW. It is my responsibility to= examine the accounts under section 145 of the Charities Act: follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the Charities Act: and to state whether particular matters have come to my attention. Basls of Independent examlnerfs report My examination was carried out in accordance with the General D1￿ctIOnS given by the Charity Commission. An examination include5 a review of the accounting records kept by the charity and compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is 8iven as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the ststement below. Independent e¥aminer's statement In connection with my examination. no material matters have come to my attention which gives me cause to believe that in, any material respect: the accounting records were not kept in occordance with section 130 of the Chartties Act; or the accounts did not accord with the accountin8 records,- or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Account5 and Reportsl Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have come across no other matters in connertion with the examination to which attention Should be drawn in this re order to enable a proper understanding of the accounts to be reached. Signed Date 17Tr APQIL 202¥ Robin Jackson FCA Chartered Accountant Churchgate Accountants Limited Langton Place Bury St Edmunds