St Anne's Church, Worksop - Annual Accounts 2024 Independent Examiner's Report to the Trustees of St Anne's Church Parochial Church Council I report to the trustees on my examination of the accounts of the charity ("the Trust") for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the trust as required by section 130 of the Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C Gillatt FCCA For and on behalf of N Williamson & Co Chartered Certified Accountants 21 Potter Street, Worksop, S80 2AE 26 February 2025 Page 8
St Anne's Church, Worksop - Annual Accounts 2024 Financial Statements Looking back at 2024= Our 2024 Financial Report and Accounts have now been finalised and signed off by N Williamson & Co, our independent examiner, and a copy is attached. GENERAL INCOME Regular Income has increased by £14,372 this year to £50,024, compared to receipts of £35,652 for 2023. Thi5 is made up Standing Orders and Contactless giving donation5 increasing by £12,213 Cash collections increasing by £3,660 Envelope and one-off donations decreasing by £1,510 Recharging the Youth Team Leaderfs time spent supporting Outwood Academy Portland. and Children & Family Team Leader's time assisting St Anne's Primary School, has Eenerated £17,388 of income. Again, we are extremely thankful for the income received from the Garth Trust this year. The Garth Trust is an independent trust for the benefit of St Anne's Community. Created in 1971, it has generously supported the work at St Anne's Church for many years. The trustees are the Vicar, Mr G R Adams and MrT Sorby. GENERAL EXPENDITURE The most Significant expenditures are: Gas & Electricity costs reduced slightly in 2024 by £1,456, to £35,100 contrasted to £36,556 in 2023. NOTE - Utilities, insurance, supplies etc includes all printing and Hall costs & expenditure this year as the new accounting system does not separate these costs. Parish Share increased by £3,156 this year to £66,408 compared to £63,252 in 2023. £57,504 of this has been paid in 2024 and a cheque for £8,904. the final payment, has not been cashed before year end. Clergy & Staff expenses have increased by £3,857 this year, to £9,515 against last yearfs total of £5,658. This increase is due to the Staff and Senior Leadership Team growing. SNDBF Funeral fee5 for 2024 have not been paid this financial year and remain owed. Maintenance has decreased by £4,890 to £3,664 this year compared to £8,554 in 2023. Most of this expenditure £3,240, was for the annual Ground5 Maintenance contract. Only £424 has been spent on repairs and statutory inspection. Obviously, maintenance and repair costs are always variable, fortunately this year has been kind to us and no substantial repair work has been necessary. BARCLAYS WEALTH LEGACY FUND Welham Le Fund In 2011, St Anne's PCC received a generous legacy. After tithingi the sum of r180,000 vjas invested in a Barclays Wealth investment fund, and the PCC designated the legacy to be used to employ a Youth Worker. As our Youth Team Leaderfs salary 15 now covered by the SDF4 grant, detailed below, the PCC have consequently designated the monies from the Welham Legacy Fund be used to fund children's and youth's activities to grow our younger congregation. FABRIC FUND & BELL FUND The balances of the Fabric Fund and Bell Fund increased slightly due to investment interest. Both fund5 are restricted in that the funds are for the sole purpose of maintenance of the Church and the Church bells respectively. There are no current plan5 for any expenditure from either fund. Page I
GRANTS We continue to be a Children's and Family Flagship Church and Youth Hub. Subsequently we have been able to claim a SDF4 (Strategic Development Fund) grant of £26,226 to pay the full salary of our Youth Team Leader and £12,639 towards the costs of employing our Family and Children Team Leader. These grants have been spent in full during the year. An SNDBF Grant for £500 to help to support the costs of our new Hope Horizon remains unspent in the year. RESERVES POLICY The PCC policy is to ensure that the balance on unrestricted funds equates to at least three months payments from these funds. Total Annual payments from unrestricted funds in 2024 were £136,128 from the General. Therefore, the target for 2025 is to have a minimum balance of £34,000 in the unrestricted funds. SUMMARY The financial statements have been prepared in accordance with the Charities Act 2011 and the Church Accounting Regulations 2006 together with applicable accounting standards. Funds are shown as either unrestricted (available for application on the general purposes of the PCCI, designated Icurrently set aside for a particular purpose by the PCCI or restricted (available exclusively for a particular purposel. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law, and do not include the accounts of church groups that owe their main affiliation to another body. All items less than £500 are deemed immaterial and included as sundrie5 unless they are considered relevant to the reading of the account5. The account5 have been prepared on a receipts and payments bas15 as required due to the income being less than £250,000. Although it has been another financially challenging year we continue to see our God-centred work flourish and 8row. especially within our Children and Youth groups. The long-term goal of the PCC continues to be that a significant portion of the expenses are covered by donations and gifts from members of the congregation. The PCC are immensely grateful to all the Church Families whose unfailing generosity contributes to financially helping to facilitating this. However, regardless of your generosity, and expenditure being closely monitored by the PCC, operating costs remaining th higher than revenue. The General Fund deficit for 2024 was -£20,233. The General Fund15 page of financial statements} is where the running costs of the Church are paid from. This includes Parish Share, utilities, insurance. repairs & maintenance of the building and grounds. Clergy & Staff expenses plus a proportion of staff salaries. These costs need to be paid from income received during the year. Funds of £20.000 have already been transferred from the Welham Legacy Fund to help to cover this deficit. Clearly, this level of funding from Welham Legacy Fund is not Sustainable long term and the PCC will evaluate thi5. We pray that 5t Anne's Church finances will become secure so that God's work, at St Anne's Church and in the community, can continue to expand. Page 2
St Anne's Church, Worksop Financial Statements for year ending December 31 , 2024 Recei ts and Pa ments Account summa Unrestricted Designated Funds Funds (General. Hall) Iwelhaml Restrictsd Funds {Bells, Fabric, Grants) Endowment Funds Total 2024 Total 2023 Receipts Voluntary income Weddings and funerals Activities for generating funds Investment income Other income Hall income Parish magazine 59,548 11,525 1,829 231 59,779 11,525 1.829 2.673 82,358 3,920 41,540 5,621 2.158 3,132 76,483 4,261 1.171 134.366 2,517 87 39,365 42.993 3,920 119,815 2.517 39.683 162,024 Transfers 23.923 23.923 28.076 143.738 39,683 185.947 162,442 Payments Parish Share Mission Stafting eosts Staff expenses Church activities Church management and Adminislrationlgovernance Parish magazine Charities Hall management and administialion 57.504 57,504 63,252 143 19,127 10,224 69.932 15.341 9.861 48,326 15,653 30,994 9,861 87,191 38.865 5,096 5,096 13.754 2.225 352 17,091 136,128 3,923 15,653 20.000 38.865 190,646 23,923 196,100 21,031 Transfers 140.051 35.653 38.865 214.569 217.131 ExcessllDeficitl of Receipts over Payments 3.687 -33,136 818 -28,622 .54.689 Realised gain on sale of investments 5,821 5.821 6,247 Balances brought forward 63,506 8,751 3.018 75,278 123.720 3.690 36,191 9,569 3.027 52,477 75.278 Page 3
st Anne's Church, Worksop Financial Statements for year ending December 31, 2024 Statement of Assets and Liabilities 2024 2023 Cash Funds.. HSBC current account TSB current account CCLA investment account 2 Shires Credit Union Give a Little Ivia Stripe (account for on-line donalionsl Sumup Iconlactless donalionsl Petty cash CBF and SDBF trust funds 18.412 229 451 100 12,018 1,692 9,924 100 40 3,027 129 3,018 Total Cash 22,259 26,881 Investment Assets- Barclays Wealth at eost Imarkel value al 31st December 2024 £40,308.86) 30,218 48,397 Total Cash Funds and Investment Assets 52,477 75.278 Fixed Assets.. Hand bells 12.070 12.070 Liabilities-. Prepaid income and accwued expenses Notes l. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments AcGounls basis. 2. The following assets are recognised bul not necessarily valued in the statement of Assets and Liabilities.. Movable church ftjrnishings vested in the Ghurch Wardens on special Irusl for the PCC and which require a faculty for disposal. 3. Fixtures, fillings and equipment where the PCC is free to dispose of such assets without faculty, are depreciated on a straight line basis over 4 year5 and therefore do not include any item purchased over4 years ago or where the original cost did not exed £1,000. These financial statements were approved by the St Anne's Parochial Church Council on 11th February 2025 and signed on ils behalf by.. Mrs L Stones- TrLbStee Mrs T Pink - Trustee Page 4
st Anne's Church, Worksop Financial Statements for year ending December 31, 2024 General unrestricted Fund Recei ts and Pa ments Account 2024 2023 Receipts Donations.. Gfft Aid collections Envelope schemes and one.off donations Income tax recovered Cash collections Advent gifts Legacies 38,667 610 9,524 10,747 26,454 2,120 147 7,078 602 5.000 41.401 59,548 Church adivilies.. Weddings, ftjnerals. verger & music fees Other activities 11,525 5,621 417 6,038 11,525 Other= Fundraising Investment income Parish magazine Fundraising lo be paid out Fees Garth Trust STA & Portland School Income VAT refund 1.829 2,158 33 1,171 1,037 24,618 17,338 24,359 4,806 3,000 35,527 44.822 Total receipts 115.895 82,966 Payments Ministry and Mission.. Parish share of Diocesan budget Mission 57.504 63.252 143 Clergy and staffing costs.. Clergy & Staff expenses Administrator Ministers & Burial or Crem Servi$ & Organlverger 9.515 6.327 9.560 4.658 5.513 Cost of church actlvities Utilities. insurance, supplies elc Other costs Repairs, maintenance. printing. stationery elc Independent examiner. training Courses ete Printing 46.948 1.378 4.304 792 25,986 Cost of managemenvadmin Governance costs Parish magazine Grant Purchases Mission and Charities 12,923 831 2,225 576 352 See last page of financial slalemenls 136.128 116.459 Exs$ of payments over receipts -20.233 -33.493 Transfer lo Hall Fund to cover deficit for year Transfer of surplus in Fees Fund Transfer from Fabric fund lo cover Church Fabric expenses Transfer from Welham Legacy Fund 3.923 -12.254 7.045 20.000 21,031 Balance of General Fund at beginnin9 of year 17.671 8alance of General Fund at end of year 3,690 Page 5
St Anne's Church, Worksop Financial Statements for year ending December 31 , 2024 Hall unrestricted Fund Recei ts and Pa rnents Account 2024 2023 Receipts.. Charges and donations 3,920 3,920 4.261 4,261 Payments.. Utilities and insurance Cleaning Maintenance, appliances and refuse disposal 15,017 1,498 16,515 Excess of Payments over Receipts Transfer of blalace to General Fund Balance of Hall Fund at beginning of year 3,920 -3,923 -12.254 12.254 Balance of Hall Fund at end of year Welham Le ac desi nated Fund Recei tsandPa ments Account Receipts.. Investment income Grant 2.517 2,736 2,517 2,736 Payments.. Youth Team Leader salary Inlein salary Childen Team Leadef salary Youth & Children Team Leader expenses 95 1.433 12.432 5.220 19,180 1.784 13,869 15,653 Excess of payments over Teceipts Transfer to GeneTal Fund Realised Gain on Sale of Investments Balance of Welham Legacy Fund at cost at beglnning of year -13,136 -20.000 5.821 63.508 -16.444 -21.031 6,247 94,734 Balan¢9 of Welham Legacy Fund at C05t at end of year 36.191 63,506 As al 31 December 2024, the market value of the Fund was £59.171, which consisted of £40.308 invested wth 8arcSays Wealth, £18,412 in a current account with HSBC and £451 in a deposit account with CCLA. The market value 8t 31 Decembor 2023 was £88.591. Bell restricted Fund Recei ts and Pa ments Account Receipts.. Donations Interest 231 43 274 139 98 237 45 Payments Sundry Excess of receipts over payments Balance of Bell Fund at beginning of year 274 5.907 192 5.715 Balance of Bell Fund at end of year 6,181 5,907 Page 6
St Anne's Church, Worksop Financial Statements for year ending December 31, 2024 2024 2023 Fabric restricted Fund Recei ts and Pa ments Account ReIp1s.. Interest CBF Trust 210 46 256 44 Payments: Transfer lo gener81 fund Excess of receipts over payments Balance of Fabric Fund at beginning of year 256 2.588 2.844 Balance of Fabric Fund at end of year 2,888 2.844 Grants restricted Fund Recei ts and Pa ments Account Receipt- SDF4 Youth Team Leader grant Receipt- SDF4 Children Team Leader grant {salary & expenses) Receipt- SNDBF C8fé Church Receipt- SNDBF Energy Payment Receipt- SNDBF Grant 26,226 12.639 25.647 9.124 1.480 6.750 900 500 39,365 43.901 Payment- giant purchases Payment- SDF4 Youth Team Leader grant Isalaryl Payment- SOF4 Children Team Leader grant (salary & expenses) Payment- SNDBF Café Church Payment- SNDBF Energy Payment Payment- SNDBF Grant 26,226 12,639 25.647 9,124 1.480 6,750 900 38.865 500 43,901 Excess of receipts over payments Balance ofGrants Fund at beginnlng ofyear Balancg of Grants Fund at end of year Conslsting of: SNDF Grant- Hope Horizon 500 500 500 Endowment Fund Recei ts and Pa ments Account Balance of Endowment Fund at beglnnlng of year Interest retained 3.018 3,009 Balance of Endowment Fund at end of year 3.027 3,018 Mission and Charities Pa ments 2024 2023 Compassion UK 352 352 Page 7