## St. Mary’s, Marlborough
## ANNUAL REPORT
and
## FINANCIAL STATEMENTS
of the
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN WITH ST PETER & ST PAUL, MARLBOROUGH
for the year ended 31 December 2024
## **Marlborough**
## **Anglican Team**
THE PARISH OF MARLBOROUGH‘ _Making Jesus Known’_
Team Rector
## The Reverend Christopher J Smith
Team Vicar
The Reverend Peter Sainsbury
1
## The Parish of Marlborough St. Mary the Virgin with St Peter and St Paul **ANNUAL REPORT FOR 2024**
## **ADMINISTRATIVE INFORMATION**
St Mary’s Church is situated off Kingsbury Street in the parish of Marlborough, Wilts. It is a team benefice with the parishes of St George’s, Preshute and St John the Baptist, Mildenhall. It is part of the Diocese of Salisbury within the Church of England. The correspondence address is Marlborough Anglican Team Office, Church Cottage, Silverless Street, Marlborough, SN8 1JQ.
The Parochial Church Council (“PCC”) is a corporate body established by the Church of England. It operates under the PCC Powers Measure 1956 as amended and the Church Representation Rules. The PCC was formerly an excepted charity. Its registration with the Charity Commission was formally approved on 10 March 2010. The registration number is 1134792. Information about the PCC and its activities can be found on the Charity Commission website at
www.charity-commission.gov.uk . The PCC is subject to the Charities Act 2011.
PCC members who have served from 1 January 2024 until the date this report was approved are:
_Incumbent_ The Rev’d Chris Smith 2019 Chairman Ex Officio
_Churchwardens_ None appointed
## _Other Elected Members:_
Martyn Johnson (Elected Member until APCM 2026) Debbie Ryman (Elected Member until APCM 2025) Shirley Tawney (Elected Member until APCM 2026) Jane Rose (Elected Member until APCM 2026) Rachel Maurice (Elected Member until APCM 2027) Teresa Wheeler (Elected Member until APCM 2025) Louise Seddon (Elected Member until APCM 2027) Pauline Berryman (Elected Member until APCM 2027)
## _Co-opted Members:_
Mark Whitehead (Treasurer)
_Representatives on the Deanery Synod:_
Rupert Travis (Co-opted until APCM 2026)
## _Elected members from 1 January 2024 until APCM 2024_
Peter Hoyland (Elected Member until APCM 2024) Michael Maclachlan (Elected Member APCM 2024)
2
Other parishioners performing specific duties or having specific responsibilities are:
_Licensed Lay Minister_ Sarah Musgrave (St John the Baptist, Mildenhall; Member of Marlborough Anglican Team)
_Minutes (PCC) secretary David Du Croz LPAs_ Ann Yates Dorothy Maclachlan Rachel Maurice Anne Norman Sue Pearce Debbie Ryman _Vergers_ Ian Perryman David Wylie Catherine Smith _Representatives:_ Bell ringers, Tower Captain David Miles Church Hall, Bookings clerk Peter Hussey Safeguarding officer Karen Davis Choir Director Gill Mortimer Church Buildings Martin Selby Church Buildings Simon Mills Church Administrator Penny Reader Electoral Roll Secretary Hugh de Saram Mission Committee Chair Simon Mills Children’s Church Caroline Philps
St. Mary’s is a member of Churches Together in Marlborough
## **STRUCTURE AND GOVERNANCE**
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
## **OBJECTIVES AND ACTIVITIES**
St Mary’s PCC has the responsibility of co-operating with the incumbent, the Reverend C J Smith, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St Mary’s Parish Hall and Church Cottage and Cadley Churchyard.
3
## **ACHIEVEMENTS AND PERFORMANCE**
## Chairman’s Statement
We thank God for a stronger year in 2024 and for all the wonderful things that have happened at St Mary’s.
## **Deepening Discipleship**
In the Autumn the church ran Restored Lives, the Bereavement Journey and the Bible Society’s Romans course; and all at the same time! In the Spring we enjoyed a bespoke course based on the writings of C S Lewis. 105 books were sold and more than 90 people joined in 10 discussion groups. Films of Surprised by Oxford and Shadowlands topped and tailed a course that began with Narnia and ended in heaven. The 5pm service looked at ‘Corinthian Hope’, ‘Stories Jesus Told’ and ‘1 Peter – Living Hope in Hard Times’. Lent was preceded by a thoughtful Quiet Morning and Advent sprang to life with a WhatsApp group and extra reflective services.
## **Moving in Mission**
Before Pentecost we pounded the streets prayer walking. Also in May, the Christian Aid lunch made a welcome comeback. More than £8,000 was raised for a borehole in Morobo, plus beehives, Bibles, vestments and even a trumpet! The Pearts, our CMS partners visited again in July; who could forget Annayah’s flag waving? Mark and Caroline Philps ran ‘Start’ in June and September helping new people to think about the faith. St Mary’s Times was published twice looking at death and dying, good shepherds and Sophie’s big trip to see the Passion Play in Trafalgar Square. The gospel was taken out onto the streets in the Spring with the Easter Procession and at Christmas with the Real Meaning of Christmas. Kymee Cleasby served as mayor in the second half of the year and she kindly asked me to be her chaplain. A highlight of her pioneering spirit was the new Community Carol service.
## **Choppy Waters for the Church**
The year began with the Church of England ‘authorising’ the blessings of same sex couples by a single vote. This was too little for some and too much for others. We had a useful PCC Away Day in January looking at some of the issues. Later, 180 people came to the ‘Different Voices’ event in June. Although people didn’t agree the tone of positive engagement was helpful. In November the Makin Review was published unmasking abuse coverups. The Archbishop of Canterbury resigned, reminding us of the importance of safeguarding.
## **Coming and Goings**
We said goodbye to Michelle and Mark who had cleaned our church and served as caretaker for many years – our thanks for all their hard work. Hayley started as our new cleaner in January with Tom Gittins filling the gap. Helen Slater was recruited as Rector’s PA and began in November. We were delighted to welcome Heather Lee as a LLM to the team and we have all enjoyed seeing Louise Seddon develop in her LLM training.
## **Money Matters**
4
I felt the finances swing back into the black in the early part of the year. Improving relationships and growing faith are often harbingers of better finances. We receive a legacy of £5k from Anna Harrison, which is being put towards a website upgrade. A gift of £10k blessed the church in May and the Stewardship Campaign in the Autumn led to a £6k surplus for the year. The PCC consulted over the summer and pushed the button in September on two solar projects and an exterior lighting scheme. Martin Selby and Martyn Johnson have taken a lead on these respectively and we hope and pray for delivery in 2025. Mark Whitehead announced his retirement as treasurer in 2024 giving us an opportunity to recruit a replacement. Our thanks go to him and his team; and indeed to all who give for an excellent year.
I feel very encouraged by all that God did in our midst in 2024; last year was better and more fruitful. Yes, we missed having churchwardens, but the PCC went from stride to stride. Our ability to listen constructively both to each other and to God seemed to lead to wise decisions. We pray on that the church will become godlier, more loving and more outward focussed in mission. Watch this space, Marlborough!
My thanks to all of you and particularly those who help the church so much: including Pete, Sarah, Penny, the Standing Committee, our LPAs, our Methodist colleagues and my wife Catherine.
Revd Christopher Smith, Team Rector of Marlborough
## _**Church Roll and PCC meetings**_
At the time of the 2024 Annual Meeting there were 191 ( _2023:_ 191) parishioners on the Church Electoral Roll.
The full PCC met 9 times in 2023 ( _2022:_ 9) with an average attendance of 73% ( _2022:_ 82%). The Standing Committee met between meetings and the minutes of their deliberations were received by the full PCC and discussed where necessary.
5
## **FINANCIAL REVIEW**
Total incoming resources were £227,947 ( _2023_ : £211,266) and are detailed in the financial statements on page 14.
Total expenditure was £221,971 ( _2023_ : £202,801) including church activities, and Parish Share of £86,764 (2023: £80,337) and are detailed in the financial statements on page 15.
There were unrealised gains on investments of £5,745 ( _2023_ : gain of £13,406).
Other donations includes £10,000 (plus £2,500 in gift aid). These donations were designated by the PCC to the Solar Panel project (£7,500) and the lighting project (£5,000).
A bequest of £5,000 was also received which has been designated for a refresh of the website.
We are now receiving one regular donation through the Ephesians fund. These donations are received with a restriction which precludes the use of these gifts being used to help pay the parish share.
The operating surplus on the unrestricted funds (main fund), was £7,198. This compares with a deficit in 2023 of £2,950, and a budgeted operating deficit of £6,769.
Total fund balances carried forward at 31 December increased to £258,574 ( _2023_ : £246,853). £54,726 are held in funds which are restricted and can only be used for the specified purpose. A further £31,285 (2023: £30,585) are funds held for the sole purpose of maintaining Cadley Churchyard. The PCC has discretion over £172,563.
## **Reserves Policy**
General Reserves: balance at year end to be at least 25% of annual normal expenditure (i.e. main fund expenditure)
Fabric Fund: balance at year end to be at £35,000.
The fabric fund is retained towards meeting the cost of repairs to the fabric of the church, including costs arising from Quinquennial inspections.
It is PCC policy to invest fund balances with CCLA investment and deposit accounts and other savings and investment vehicles as prescribed from time to time.
## **Approved by the PCC on 20 March 2025 and signed on its behalf by :**
## **Reverend C J Smith (PCC Chairman)**
6
# **Parish of St Mary the Virgin with St Peter and St Paul Marlborough**
## **Charity registration number 1134792**
## **End of Year Financial Statements**
## **Year ended 31 December 2024**
7
## **PARISH OF ST MARY THE VIRGIN WITH ST PETER AND ST PAUL MARLBOROUGH**
## Charity Registration Number 1134792
## **INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL (PCC)**
I report on the financial statements of the PCC for the year ended 31 December 2024, which are set out on pages 8 - 19.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees (PCC Members) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) but that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met,
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………
Mr Peter Davies FCA Peter Davies Chartered Accountant Sunrise Chapel Lane Hermitage RG18 9RL
8
## Date: 2025
## **Statement of Financial Activities**
||**Unrestric**
**ted**
**funds**
**Designa**
**ted**
**funds**
**Restric**
**ted**
**funds**
**Endowm**
**ent**
**funds**
**Total**
**funds**
**Prior**
**year**
**total**
**funds**|
|---|---|
|**Income and endowments from**
Income from Donors - Planned Giving
Income from Donors - Other Donations
Income for Specified Projects
Other ordinary incoming resources
Income from ancillary trading
Income from investments
**Total income**
**Expenditure on:**
Church ministry and services
Expenditure on specified projects
Church management and administration
Church Hall Expenditure
Specified receipts & collections inc
Mission giving
Other Costs
**Total expenditure**
**Net income / (expenditure) resources**
**before transfer**
**Transfers**
Gross transfers between funds
**Other recognised gains / (losses)**
Unrealised Gains/(losses) on investment
assets
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**|100,098
-
-
- 100,098
82,323
11,056
15,000
266
-
26,322
34,419
140
-
27,804
-
27,944
35,869
47,504
2,500
6,417
-
56,421
44,342
11,465
-
-
11,465
9,797
4,438
-
1,259
-
5,697
4,516|
||**174,701**
**17,500**
**35,746**
**- 227,947**
**211,266**
99,295
1,644
22,850
- 123,789
103,289
-
-
21,381
-
21,381
33,892
45,009
898
6,433
-
52,340
33,721
10,614
-
-
-
10,614
10,980
11,970
-
-
-
11,970
12,800
615
100
1,162
-
1,877
8,119|
||**167,503**
**2,642**
**51,826**
**- 221,971**
**202,801**|
||**7,198**
**14,858**
**(16,080)**
**-**
**5,976**
**8,465**
415 - (415) -
- -
-
5,045
-
700
5,745
13,406|
||**7,613**
**19,903 (16,495)**
**700**
**11,721**
**21,871**|
||**8,997**
**136,050**
**71,221**
**30,585 246,853**
**224,982**|
||**16,610**
**155,953**
**54,726**
**31,285 258,574**
**246,853**|
9
Due to the software we use, there may be are some rounding discrepancies between the Statement of Financial Activities, the balance sheet and the Analysis of Income and Expenditure
## **Balance Sheet (Summary) As at**
|||
|---|---|
|**Balance Sheet (Summary)**
**As at**|**As at**
**31/12/2024**
**31/12/2023**
1,232
1,847
125,435
119,690
**126,667**
**121,537**
1,603
1,682
133,753
126,035
**135,356**
**127,717**
3,449
2,401
**3,449**
**2,401**
**131,907**
**125,316**
**258,574**
**246,853**
16,610
8,997
81,095
76,050
24,102
25,000
35,000
35,000
3,980
-
6,776
-
5,000
-
980
1,012
6,972
6,713
18,939
11,335
1,440
2,695|
|**Fixed assets**
Tangible Assets
Investments
**Current assets**
Debtors
Cash At Bank And In Hand
**Liabilities**
Creditors: Amounts Falling Due In One Year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Represented by**
**Unrestricted**
Unrestricted - General Funds
**Designated**
Capital Reserves for Future Projects
Rectors P A Asst
Fabric fund
Proposed Lighting Project
Proposed Solar Project
Website Development
**Restricted**
Bellringers
Cadley cash
Love Marlborough Kids Meals
Miscellaneous Restricted Receipts||
10
|Organ restoration
Contemporary Worship Lead
Youth and Family Worker fund
**Endowment**
Cadley endowment
**Fund Totals**|6,713
23,477
-
6,432
19,682
19,557
31,285
30,584|
|---|---|
||**258,574**
**246,853**|
The annual financial accounts were approved by the PCC on 20 March 2025 and signed on its behalf by
Rev Christopher Smith Rector Mark Whitehead Treasurer
## **PARISH OF ST MARY THE VIRGIN WITH ST PETER & ST PAUL, MARLBOROUGH**
## Charity Registration Number 1134792
## **Notes to the accounts Year ended 31 December 2024**
## **1** ACCOUNTING POLICIES
The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, with St Peter & St Paul, Marlborough, is a charity registered with the Charity Commission for England and Wales.
## a) **Basis of preparation**
The accounts have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK & Republic of Ireland (FRS102) issued on 16[th] July 2014.
The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. The accounts do not include the accounts of Church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members or small cash balances held by individuals.
## b) **Funds**
11
Funds have been classified as Unrestricted, Designated, Restricted or Endowment.
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Designated funds are unrestricted funds which have been designated by the PCC for a particular purpose. They can be redesignated by the PCC
Restricted funds are funds received, collected by or given to the PCC for a particular purpose which was specified at or before the time of receipt. These funds have been restricted by the donor for a particular purpose and they cannot, and must not, be used by the PCC for any other purpose except by agreement with the donor or as determined by the courts or the Charity Commission.
Endowment funds are funds given to the PCC with the specific instruction that only the income gained from the funds can be spent. Endowment funds also include an asset donated to be retained by the PCC for continuing use by the Church. The original endowment funds cannot normally be spent and must remain in the form of equivalent assets or investments. Endowment funds can either be permanent, ie the PCC have no power to convert it into income, or expendable, where the PCC may, in certain circumstances, spend the funds endowed.
## c) **Incoming resources**
_Voluntary income_
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under Gift Aid is recognised only when received.
Tax recoverable on Gift Aid donations is recognised when the income is received.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by any fete or social event are accounted for gross, where practicable.
## _Income from ancillary trading_
Rental income from the letting of church premises is recognised when the rental is due.
_Income from investment_
12
Dividends and interest are accounted for when receivable.
## _Gains and losses on investments_
Realised gains or losses are recognised when investments are sold.
Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
## d) **Resources used**
_Church ministry and services_
The diocesan share is accounted for when payable. Any diocesan share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
## _Grants made_
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
## e) **Fixed assets**
## _Consecrated land and buildings and moveable church furnishings_
Consecrated and beneficed property is excluded from the accounts by S10(2) of the Charities Act 2011.
Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property and not valued in the accounts.
All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is treated as an expense and written off.
## **f) Fixed assets** _- Office equipment_
Office equipment is capitalised and depreciated on a straight line basis as follows:
13
Computer equipment
25% of cost per annum
Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
## **g) Investments**
Investments are valued at bid price (market value) at 31 December.
## **h) Current Assets**
Cash held in a savings account with a bank is classified as cash at bank. Cash held on deposit with the CBF Church of England Deposit Fund or held in a term deposit account with a bank is classified as a short term deposit.
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
14
**Analysis of income and expenditure**
||||||**Total**|**Total**|
|---|---|---|---|---|---|---|
||**Unrestric**|**Designa**|**Restric**|**Endowm**|**This**|**Last**|
||**ted**|**ted**|**ted**|**ent**|**year**|**year**|
|**INCOME AND ENDOWMENTS FROM:**|||||||
|**Income from Donors - Planned Giving**|||||||
|Regular giving incl S/O's & Parish
Giving Scheme|100,098|-|-|-|100,098|82,323|
|**Totals**|**100,098**|**-**|**-**|**- **|**100,098**|**82,323**|
|**Income from Donors - Other Donations**|||||||
|Loose Collection|7,253|-|-|-|7,253|9,774|
|Other donations incl one off gifts|3,803|10,000|-|-|13,803|21,064|
|For Giving - Rectors Discretion|-|-|266|-|,266|,874|
|Donations for local outreach|-|-|-|-|-|2,285|
|Bequests, Legacies, Gifts in memory|-|5,000|-|-|5,000|422|
|**Totals**|**11,056**|**15,000**|**266**|**-**|**26,322**|**34,419**|
|**Income for Specified Projects**|||||||
|Donations for Family Worker|-|-|100|-|100|120|
|Donations for Contemporary Worship
Lead Role|-|-|-|-|-|13,355|
|Donations, incl grants for LMKM|-|-|27,714|-|27,714|16,868|
|Bellringer fund income|-|-|130|-|130|760|
|Specified collections|140|-|(140)|-|-|1,925|
|Donations to Organ restoration fund|-|-|-|-|-|2,840|
|**Totals**|**140**|**-**|**27,804**|**-**|**27,944**|**35,869**|
|**Other ordinary incoming resources**|||||||
|Gift Aid|22,889|2,500|271|-|25,660|26,749|
|Gift Aid Small Donation Scheme|1,536|-|70|-|1,606|2,068|
|Fees PCC|2,782|-|-|-|2,782|3,112|
|Other PCC fees Inc church hire|4,474|-|-|-|4,474|4,237|
|Other income|9,600|-|6,076|-|15,676|2,400|
|Contributions to Team office|6,223|-|-|-|6,223|5,776|
|**Totals**|**47,504**|**2,500**|**6,417**|**-**|**56,421**|**44,342**|
|**Income from ancillary trading**|||||||
|Church Hall lettings|11,465|-|-|-|11,465|9,797|
|**Totals**|**11,465**|**-**|**-**|**-**|**11,465**|**9,797**|
|**Income from investments**|||||||
|Interest income, net of bank charges|3,351|-|410|-|3,761|2,615|
|Dividend income|1,087|-|849|-|1,935|1,901|
|**Totals**|**4,437**|**-**|**1,259**|**-**|**5,697**|**4,516**|
|**Grand totals**|**174,701**|**17,500**|**35,746**|**- **|**227,947 **|**211,266**|
**EXPENDITURE ON:**
15
||**Unrestric**
**ted**
**Designa**
**ted**
**Restric**
**ted**
**Endowm**
**ent**
**This**
**year**
**Last**
**year**|
|---|---|
|**Church ministry and services**
Parish Share
86,764
-
-
-
86,764
80,337
LLM Expenses
687
-
-
-
687
195
Clergy transport
443
-
-
-
443
371
Clergy telephone
126
-
-
-
126
404
Clergy Hospitality
980
-
-
-
980
716
Clergy stationery
92
-
-
-
92
258
Clergy study books and courses
344
-
-
-
344
568
Clergy computer expenses
373
-
-
-
373
231
Ephesians & Sum-up fees
34
-
9
-
43
58
Music
484
-
-
-
484
384
Organ and piano maintenance
-
-
22,841
-
22,841
10,647
Junior Church & Creche
353
-
-
-
352
405
Local Outreach
1,925
-
-
-
1,925
2,754
Expenses and fees of visitors
295
-
-
-
295
129
Gifts to volunteers
160
-
-
-
160
28
Resources for Church & Home Groups
208
-
-
-
208
1,245
Upkeep of services
1,881
-
-
-
1,881
1,595
Church routine maintenance
411
-
-
-
411
2,046
Refreshments and Social Events
410
-
-
-
410
480
Other sundry expenses
3,325
1,644
-
-
4,969
645
**Totals**
**99,295**
**1,644**
**22,850**
**- 123,789 103,289**
**Expenditure on specified projects**
LMKM costs
-
-
20,671
-
20,671
14,625
Giving - Rector's discretion
-
-
710
-
710
-
**Totals**
**-**
**-**
**21,381**
**-**
**21,381**
**33,892**
**Church management and administration**
Church caretaker pay
2,752
-
-
-
2,752
3,034
Contemporary Worship Lead Costs
13,523
-
6,433
-
19,956
19,267
Church utilities
6,137
-
-
-
6,137
8,273
Church Insurance
2,809
-
-
-
2,809
2,726
Team Office staff pay
16,960
-
-
-
16,960
15,525
Rectors P A costs
-
898
-
-
898
-
Team Office supplies
1,636
-
-
-
1,636
2,349
Independent Examination fee
400
-
-
-
400
400
Team Office Utilities
792
-
-
-
792
1,066
Printer/Copier charges
-
-
-
-
-
348
**Totals**
**45,009**
**898**
**6,432**
**-**
**52,340**
**52,988**
**Church Hall Expenditure**
Hall-Caretaker pay
4,897
-
-
-
4,897
4,750
Hall-Bookings Manager
1,481
-
-
-
1,481
1,375
Hall- utilities
3,788
-
-
-
3,788
4,202
Hall-maintenance,cleaning & repairs
448
-
-
-
448
653
**Totals**
**10,614**
**-**
**-**
**-**
**10,614**
**10,980**
**Specified receipts and collections**
Mission Fund gifts
11,970
-
-
-
11,970
10,875
Pay specified Collections
-
-
-
-
-
1,925
**Totals**
**11,970**
**-**
**-**
**-**
**11,970**
**12,800**
**Other costs**
Depreciation of fixed assets
615
-
-
-
615
615
Church maintenance (Fabric Fund)
-
100
-
-
100
5,948
Bellringer fund expenditure
-
-
162
-
162
706
Cadley Churchyard maintenance
-
-
1,000
-
1,000
850
**Totals**
**615**
**100**
**1,162**
**-**
**1,877**
**8,119**
**Expenditure Grand totals**
**167,503**
**2,642**
**51,826**
**- 221,971 202,801**|86,764
-
-
-
86,764
80,337
687
-
-
-
687
195
443
-
-
-
443
371
126
-
-
-
126
404
980
-
-
-
980
716
92
-
-
-
92
258
344
-
-
-
344
568
373
-
-
-
373
231
34
-
9
-
43
58
484
-
-
-
484
384
-
-
22,841
-
22,841
10,647
353
-
-
-
352
405
1,925
-
-
-
1,925
2,754
295
-
-
-
295
129
160
-
-
-
160
28
208
-
-
-
208
1,245
1,881
-
-
-
1,881
1,595
411
-
-
-
411
2,046
410
-
-
-
410
480
3,325
1,644
-
-
4,969
645|
||**99,295**
**1,644**
**22,850**
**- 123,789 103,289**
-
-
20,671
-
20,671
14,625
-
-
710
-
710
-|
||**45,009**
**898**
**6,432**
**-**
**52,340**
**52,988**
4,897
-
-
-
4,897
4,750
1,481
-
-
-
1,481
1,375
3,788
-
-
-
3,788
4,202
448
-
-
-
448
653|
||**10,614**
**-**
**-**
**-**
**10,614**
**10,980**
11,970
-
-
-
11,970
10,875
-
-
-
-
-
1,925|
||**11,970**
**-**
**-**
**-**
**11,970**
**12,800**
615
-
-
-
615
615
-
100
-
-
100
5,948
-
-
162
-
162
706
-
-
1,000
-
1,000
850|
||**615**
**100**
**1,162**
**-**
**1,877**
**8,119**|
||
**167,503**
**2,642**
**51,826**
**- 221,971 202,801**|
16
## **Staff Costs**
Year to
Year to
31 Dec 2024 31
Dec 2023
£ £
Salaries (including employers NI), pension contributions 46,942 42,112
The number of persons employed by the charity during the year was 6
Employed staff roles in 2024 were: Team administrator, Church/church hall caretaker (2 individuals each working in both Church and church hall. Both individuals resigned during the year), Church hall booking secretary, Contemporary Worship Lead and Rector’s Personal Assistant (Appointed Dec 2024).
No trustees received remuneration except for the Rector Christopher Smith who received a priests stipend from the Diocese of Salisbury, the cost of which is financed out of the Diocesan share, as a cost of Church ministry.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Trustees are reimbursed for expenses incurred on behalf of the PCC 2024 2023
The number of trustees who were reimbursed was 3 4 The total amount reimbursed was: 800 4,809
The expenses reimbursed were: mileage, travel, hospitality and catering, telephone, broadband, study courses, prayer materials, stationery, office expenses, small gifts (not exceeding £50 each), garden waste collection, licences, Christmas service date cards.
17
## **TANGIBLE FIXED ASSETS**
|Office
Equipment
Computer
Equipment
£
£
**COST**
At 1 January 2024
15,086
962
Additions
-
-
Disposals
-
-
At 31 December 2024
15,086
962
_____
______
**DEPRECIATION**
At 1 January 2024
13,239
982
Charge for the year
615
-
Disposals
-
-
At 31 December 2024
**13,85**
**4**
**982**
______
______
**NET BOOK VALUE**
At 31 December 2024
**1**
**,232**
**0**
|Total
£
16,068
-
-
16,068|
|---|---|
||______
14,221
615
-
**14,836**|
||______
**1,232**
|
18
|**INVESTMENTS**
**At 1 January 2024**
CBF Investment Fund (Acc)
CBF Global Equity Fund (Inc)
CBF Investment Fund (Inc) at Diocese (Cadley Churchyard)
**Changes in 2024**
CBF Investment Fund (Acc) - revalue 31-Dec
(unrealised gain)
CBF Global Equity Fund (Inc) - revalue 31-Dec
(unrealised gain)
CBF Investment Fund (Inc) (Sav/ChCh) - revalue 31-Dec
(unrealised gain)
**Balances at 31 December 2024**
CBF Investment Fund (Acc)
CBF Global Equity Fund (Inc)
CBF Investment Fund (Inc) at Diocese (Cadley Churchyard)|**Market**
**Value**
**£**
46,066
43,039
30,585
______
119,69
0
2,351
2,694
700
______
5,745
______
48,417
45,733
31,285
______
125,435
|No of
Shares
771
14,223
1,353
771
14,223
1,353|Cost
£
21,
294
22,974
3,094
______
47,362
21,2
94
22,974
3,094
______
47,362
|Bid price|
|---|---|---|---|---|
|||||
£
59.71
3.026
22.60
62.76
3.2154
23.1227|
19
|**Income Accruals and Debtors**
Amounts falling due within one year:
Gift aid recoverable - Main Fund
Gift aid recoverable – Specifed funds
Prepaid RSCM
**Expense Accruals and Creditors**
Amounts due within one year:
Accounts Independent Examination
Employment costs outstanding – Tax and NI
Others (incl gas, electricity, printer charges,
team utilities)
Outreach activities
Contributions to Publicity costs St George’s
(2023 Debtor)
Leaving gifts
Clergy travel expenses|**31 Dec 24**
**£**
**1,321**
**145**
**137**
**______**
**1,603**
**______**
**31 Dec 24**
**£**
**400**
**1,606**
**703**
**110**
**-**
**630**
**______**
**3,449**
|**31 Dec 23**
**£**
**1,597**
**85**
**-**
**______**
**1,682**
**______**
**31 Dec 23**
**£**
**400**
**1,271**
**800**
**-**
**(210)**
**140**
**-**
**______**
**2,401**
|
|---|---|---|
||||
20
ANALYSIS OF NET ASSETS BY FUND
|STATUTORY|||**Design**|**Restric**|**Endowm**|||
|---|---|---|---|---|---|---|---|
|FORMAT|**Unrestricted**||**ated**|**ted**|**ent**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|The Main Fund||**16,6**||||**16,61**||
|||**10**||||**0**|**8,997**|
||||**35,000**|||**35,00**|**35,00**|
|Fabric Fund||||||**0**|**0**|
|Youth and Family||||||**19,68**|**19,55**|
|Worker||||**19,682**||**2**|**7**|
|Contemporary Worship||||||||
|Lead||||||||
|||||**0**||**0**|**6,432**|
||||**24,102**|||**24,10**|**25,00**|
|Rectors P A Asst Fund||||||**2**|**0**|
|Love Marlborough Kids||||||||
|Meals||||||**18,93**|**11,33**|
|||||**18,939**||**9**|**5**|
|Lighting Project|||**3,980**|||**3,980**|**-**|
||||**6,776**||||**25,00**|
|Solar Project||||||**6,776**|**0**|
|Bellringers Fund||||**980**||**980**|**1,012**|
|Website Project|||**5,000**|||**5,000**|**-**|
|Cadley Churchyard Inv||||||**31,28**|**30,58**|
|Fund|||||**31,285**|**5**|**5**|
|Capital Reserves for
Future Projects
Organ Fund
Cadley Churchyard
Deposit|
||**81,095**|||**81,09**
**5**|**76,05**
**0**
**23,47**
**6**|
|Rest Funds Awaiting||||**6,712**||**6,712**|**6,713**|
|pymt||||**6,972**||**6,972**|**2,694**|
|||||**1,440**||**1,440**||
||||**––––––**|||||
|||**––––––––**||**–––––––**|**–––––––**|**–––––––**|**–––––––**|
||||**155,953**|||**258,5**|**246,8**|
|||**16,610**||**54,726**|**31,285**|**74**|**53**|
||||**––––––**|||||
|||**––––––––**||**–––––––**|**––––––**|**–––––––**|**–––––––**|
|**Comprising:**||||||||
||||**1,232**|||**1,23**|**1,84**|
|Fixed Assets||||||**2**|**7**|
||||**94,150**|||**125,4**|**119,6**|
|Investments|||||**31,285**|**35**|**90**|
|Current Assets -||||||||
|Debtors||**1,458**||**145**||**_1,603_**|**1,682**|
|Current Assets - Cash||**18,60**||||**133,7**|**126,0**|
|at bank and in hand||**1**|**60,571**|**54,581**||**53**|**35**|
|Current Liabilities -||**(3,44**||||**(3,44**|**(2,40**|
|Creditors & Accruals||**9)**|**-**|||**9)**|**1)**|
||||**––––––**|||||
|||**––––––**||**–––––––**|**––––––––**|**––––––**|**––––––**|
||||21|||||
**16,61 155,95 258,5 246,8 Total 0 3 54,725 31,285 74 53 –––––– –––––– ––––––– –––––––– –––––– ––––––**
22