Charity Number.. 1135405 The Parochial Church Council Of The Ecclesiastical Parish Of Wetherby With Linton Also known as Wetherby St James PCC Annual Report and Financial Statements For the Year Ended 3 1st December 2024
Incumbent: The Reverend Canon Matthew Peat Bank: Natwcst Bank PIC Forn]crly - 49 High Street Wetherby LS22 6LS Lloyds Bank PIC 5 5 Market Place Wetherby LS22 6LN Investment Managers: CCLA Investment Management Limited The CBF Church Of England Invcstment Fund One Angcl Lane London EC4R 3AB Independent Examiner: J Cuthbertson MA. FCA
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochial Church Council Of The Ecclesiastical Parish Of Wetherby With Lintyn also as Wctherby St lame5 PCC (PCC) present their report with financial statements for the year ended 3 1st December 2024. Aim and purpose: The PCC has the responsibility of cooperating with the incumbenL the Reverend Canon Matthew Peat in promots'ng in the ecclesi&stical parish. the thole mission of the Church. pastoral. evangeltstic. social and ecumenical. Objects and activities: The PCC is committed to enabling as many people as possible to worslll'p al our church and to become part of our community at St James,. The PCC MaintnS an overview of worship throughout the parish and makes suggestions to how our services can involve the many groups that live within our parish. Our services and Drship put faith into practice through prayer and scripture, music And sacrament. When planning our activits'es for the year, have considered the Charity Commission'5 guidance on public benefit and. in parts. cular. the Supplementary gwdancc on thariues for the advancement of religion, In pa'cUlar. we try to enable ordinary people io live out their faith as part of our parish community through., Worship and prayer: learning about the 8ospel,' and developing their knoedge and tn¢ in Jesus. Provision of p&8toral care for people living in the parish. Missionary and outreach vrk. To facilitaie this rk. it is important that we mainthin the fabrio of the church of St James. Wetherby. A¢hievtments and performance: The PCC met 7 tt'mes and St&nding Committee met 5 times during the year. The 8 sub-committees (Finance, Property. Worship Discipleship and Mission. Joint Personnel, Communication. Social. Vision and Compliance) meet between main meetings. and report to the PCC. At present there are 244 (250) parishioners on the church electoral roll. 25 (17) of orn are not resident within the parish. The life of St lames, Wetherby parish is dependent on the hard w)rk of many people. So, Nthilst the Vicar wnles the reporL he is mindful of all those in different ways contribute the mission and ministy of the church. VitAr's Report: It has been good to learn more about this during my first full year in the parish after my licensing on the 29th November 2023. From an excellenl team of Retired Clergy and Licensed Lay Ministers to our Dtreclor of Music and Choris(ers. From coffee makers to the teachers of our Children. From gardeners to cleaners, athninistrators to church sitters, 1ch club staff to bakers and so many more. Each one is valued, appreciated and desetves our thanks. The l&st year at St James has been full as we have sought to 5harc the Good News of $8lvation in Jesus Christ with people of our lown. Alongside the re8ular pattem of worship on a Sunday morning and at other times. our p&storal care work. looking after one another and cclebrating the o¢c&qional otTices and an evolving pattem of sociallfundraising ¢vents there have been other moments ithen we have been the focal poini for special cvents. The Remembrance Sunday service ai the bridge and then in church. the Mayor of Wetherby'5 Civic Service and a special service lo mark the Greal Sale of Wetherby in 1824. These occasions speak of how we aspire to be al the heart of the community. As well as the familiar patterns of worship, the life of a parish never stands 5ti11 and 2024 saw its share change. One of our retired priests and his wife, one of our Licensed Lay Ministers The Very Reverend Derek and Mr5 Lorna Taylor moved to Scarborough lo one of the Church of England's Pension Board homes. Our Children, Youth and Families M)rker. Tina Obbard moved on too. We are thankful for all they brought to the life of the parftth in their time with us.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Vicars Report . .¢ont. Alongside endings and farewells, we were thankful to see that Messy Church started towards the end of the year, welcomin¥ new ckn'ldren and families. We welcomed the Bishop of Ripon for our Patronal Festival in July, en she baptssed and confimied candidates. enjoying a fiiie BBQ after the service. W¢ addressed a need to increase our Income via planned giving ryth a positive outcome. We have undertaken some w)rk to discern our vision for the next few years, inNiting members of thc congregation to share their thoughts and ideas. The PCC began the more detailed w)rk of refining that vision at an away day at Ripon Cathedral at the end of November. So with thonkful hearts we gather up in these HDrds the year ended and look fonwd with hope to thc y¢ar to come. FingntiAI review: Following an increase in Parish Share payments the PCC'S unrestricted General Fund increased by £11,719 in 2024. reversing a trend of deficits in recent years. Gross unr&stricted income for the year totalled £168,970 compared with £146.592 in 2023. This incrcase was seen across ail income categories. most notably.. a) Voluntary Don8tlons: A successful giving campaign in July generated £2,260 in lump sum donations and an additional £1,000 per month in pledged ¥iving, without impacting existin8 envelope and cash donalions. This. along with increa5cd Cn'ft Aid recovery, resulted in total voluniary donations of £142,424, up from £124.232 in 2023. b) Inve51meni Income: Increases in rent from Barleyfields (£2,380) And interest (£455) boosted investment income to £17.174. compared to £14.340 in 2023, c) Other Income: Additional statutory fees and thurch lettings generated an extra £1,688. bringing the total to £9,371. Total expenditure for the year Wds £160,736. an increase of £9,472 This was primarily due to.. i) Par18h Share: Payments increascd by £5.000. li) Salaries: Incre3sed by £1,088. iii) Tttley Field: MainlenaDce £1,420 These incr¢ases were partsaily offset by a reduction in utility costs of £2,509. The banCeS in the Unrestricied Desi8nated Funds are reserved foT fiiture charitable donations and costs associated with the net zero carbon initiatsve. The surplus achieved in 2024 is a positive resul( especially Considenng the previo years, deficits. This su¢cess is largely attributed to the generosity of parishioners in response to the July giving campaign. With increased monthly pledges. the PCC anticipates a financially secure 2025 trom regular activities and plans to increase its Parish Share paymeiits further. However. severa] extraordinary projects are under consideration and may require funding..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY wrrH LINTON REPORT FOR THE YEAR EIYDED 31 DECEMBER 2024 Flnancial review.....ront. Project Updates: Wonhip Fund: The Worship Fun(t thich incurred a deficit of £6,660, has been closed. FutUTe transactions v4ill be processed through the General Fund. Mission Fund: The Mission Fd showed a sUlUS of £672 before accountin8 for support vert ts) the Worship Fund. This includes £8,980 in salary costs for the Youth Worker position. %thich has been vacant since June. The PCC is exploring options to continue the WDrk previously carried out by the Youth Worker. Tetley Field: New fencing and gate costs to secure the Tetiey Field are estimated at £4.395 and are y¢t to be paid. Net Zero Carbon Initiative: Although focus recently has been on the Church Centre there will likely be Costs in taking this fotwdrd in the church. QuinquenniAI cost5: Work idents'fied for cojnpletion in 202$ will likely cost in excess of £6.000 incluth'n8 repairs to SIOne)rk on north elevation (£1.550) and south elevation {£I.000) and repairs to the uneven tamiac betren the Church and North Street wid from the Vestry lo the east exit (£1,600). Reserve policy: It is PCC policy to try to maintain a ba]ance on unrestricted funds that equates to at le&%t three months unrestricted payments. This is equivalent lo £40,206. 11 is held lo smooth oui fluctuations in c&sh flow and to meet emergencies. The c&sh balance held on unrestricted funds logether amounts payable to and by the PCC at the year end totalled £67.434. The balance of £5,625 on the Fabric Fund As relained to1rd$ meeting the future cost of fabric repairs to the Church and 53 Barleyfields including work highlighted in the Quinquennial remew. Strueture* iovernance and management: The Parochial Church Council is & coOrate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measures. The PCC 15 a resiered charity. The method of appointment of PCC members is set out in the Church Representation Rules (CRR) At St James, the membership of the PCC Consists of the incumbent, churchwardens. readers and members clccied by those members of the congregation tho are on the electoral roll of the church. The PCC can Copt further members in line with the CRR. All members of the congregation are encouraged to re&5ter on the Eleciorai Roll and stand for election to the PCC. The PCC is responsible for mr4kin8 decisions on all matters of general concern and importance to the parish includin8 deciding how the funds of the PCC are io be speni. 'veii i(s wide responsibilities the PCC h&$ a number of committees each dealing with a particular aspect of parish life. These committees, vthich include rShiP, mission and outreach and fabric and finance. are all responsible to the PCC and report back to it regularty with minutes of thcir decisions being received by the full PCC and discussed necessary. Administrative Inrornti0n. St James, Church is situated in Church Stree( Wetherby, West Yorkshire LS22 6LP. It Is part of the Diocese of Leeds within the Church of England. Restered charity number 1135405. PCC members have setved at any time during 2024 are.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ei oificio members: Incumbcnt.. The Reverend Canon Matthew Peat Lic¢nsed Lay readers.. Elaine HnSPrth L4)rna Taylor David York Representative on Deanery Synod To 28 June To 19June Church Wardcn5'. Emma Beddoe Jean Heaton Vice Chairperson Vice Chairperson Eleeted members: Hilary Bailey David Bewell Derek Brown Julie Couitas IAima Earle Lesley Goodall Alan Grimes Robert Haskins Toni Hibbert Angela Jenkins Stephanie Kemp Val Lumsden na Metca]fe David srtup Neil Stobert Ja¢kie Taylor Sue Taylor Hugh Tumer Kathryn Wenn Geoffwilliams From 25 Apnl To 25 April From 25 April Representative on both the Deanery and Diocesan Synods From 25 April Representative on Diocesan Synod Secretary Representative on Diocesan Synod From 25 April To 25 April Co-opted members: Marilyn Smith Safeguarding Officer SMAII charitie8 speci41 provisions: The report of the Parochial Church Council has been prepared in accordance with The Charities Act 2011 and applicable to Chariues (Accounts and Reports) Regulations. The PCC considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examinatson is needed. The PCC acknowledges its responsibilities for complying with the requir¢ments of section 130 of the Chariti¢s Act 2011 in respect to accounting records and the preparation of accounts. This report wa5 approv by the Paroclll'ai Church Council on 25 March 2025 and sigmed on its bchalf by.. The Revd Canon M Peat Chai Chairperson of Finance
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBV WITH LINTON Financial Statements for the period l January 2024 to 31 December 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestrieted Unrestri¢¢ed Desitnaled funds fundi Restricted Endowment funds funds 2024 2023 INCOME & ENDOWMENTS Voluntary income 2(a) Activities for generating fwids 2(b) Income from investments 2(c) Church activities 2(d) Other income 2(e) 142.424.43 195.00 16.461.19 6,310.79 6.513.14 8,304,01 31.517.81 159.080.62 6.310.79 27.537.58 17.675.51 31.517.81 144,654.88 7.467.99 23.512.41 17.4$9.56 31.653.77 17.174.73 9.371.50 3.849.71 TOTAL INCOME 168 970.66 195.00 69,106.94 9.71 242,122.31 224 748.61 EXPENDrruRE Cost of generats'ng funds Church activities Chur¢h expenses Major repairs Other expenditure 3(a) 3(b) 3(c/d) 3(e) 3(0 555.37 131.262.98 28.917.85 523.63 49.188.60 15.263.92 7,210.00 1.079.IXI 180.521.58 44.202. 77 7.210.1)O .348.93 176.386.84 56.479.75 954.60 2.475.90 70.00 21.00 TOTAL EXPENDITURE 160,736.20 91.00 72,186.15 233,013J5 237 646.02 NET INCOME (EXPENDITURE) BEFORE INIJESTr¥r GAINS 8.234.46 104.00 (3.079.21) 3.849.71 9.108.96 (12,897.41) NET GAINSI(LOSSES) ON INVESTMEwrs 10 2.033.02 3,362.91 5.395.93 20.296.79 NET tNCOMEI(EXPENDrruRE) 8.234.46 104.00 (1,046.19) 7.212.62 14.504.89 7,399.38 GROSS TRANSFERS BETWEEN FUNDS - In 3,484.68 861.42 1.537.81 5.883.91 7.022.13 (2,399.23) {3,484.68) (5,883.91) (7.022.13) NET MOVEMENT IN FUNDS 11,719.14 965A2 (IJ07.61) 3.727.94 14J04.89 7J99J8 Balan¢es blfval l January 2024 325,715.21 564.00 183.919.72 164.583.71 674.782.64 667,383.26 BALANCES CIFWD 31 DECEMBER 2024 337834.35 lJ29.42 182W12.11 168Jll.65 689J87.53 674,782.64 The notes on pages 9 to 19 form part of these accounts.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON Financial Statements for the period l January 2024 to 31 December 2024 BALANCE SHEET AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS: Tangible ets Investments 1.463.75 533,551.01 432.08 523,911.18 io 535,014.76 $24.343.26 CURRENT ASSETS: Debtors and prepayments Short terni deposits Cash at bank and on hand 25,896.97 98.602.26 38,959.63 13,649.01 90.571.50 55,274.85 12 12 163.458.86 159,495.36 LIABILITIES: Creditors- amounts falling due within one year 13 9,186.09 9.055.98 9.186.09 9,055.98 NET CuRRETr ASSETS (LIABILITIES) 154,272.77 150.439.3 8 TOTAL ASSETS LESS CURRETrU LIABILITtES 689,287.53 674,782.64 Creditors - amounts falling due after one year 13 TOTAL NET ASSETS: 14 689.287.53 674.782.64 PARISH FUNDS: Unrestricted 14 337,434.35 325,715.21 Designated 14 1.529.42 564.00 Restrirted 14 182,012.11 183,919.72 Endownent 14 168.311.65 164,583.71 14 689,287.53 674.782.64 This report was approved by the Parochial Church Council on 25 Marth 2025 and signed on thr behalf by: The Revd Canon M Peat Chwrperson D Turner Chairperson of Finance
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON FOR THE YEAR ENDED 31 DECENIBER 2024 .1511 tliiii .slJlL'IiiL'lIt Table C.1 St4temcnt of ¢Ash flows Prior year funds Total funds Note Cash flows from oper4tin£ aciAVitie8: Net cash provided by (used in) operating activities (31,578) {35017) (Table C.2) Cash flows from investment activities: Dividends. interest and rents from investments 27,538 23,512 Note 3 Reinvestment of Dividends received (4.244) {4.064) Net cath provldtd by (used In) Investmenl attiviliej 23,294 19,449 Cash flows from finan¢inz 4¢livitiei: Change in tash and cash equivalents In the reportin2 period (8,284) 116J68) Cash cash equiVents at the beginDin% of the reporting period 145.846 162,214 (Table C.3) Cash and cash equivalenls at the end of the reportin2 Ptriod 137.562 145,846 (Table C.3)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LIIYTON FOR THE YEAR ENDED 31 DECEMBER 2024 .SL'iliiin ( Table C.2 Ref oncilivdtion ofnet incomel(eIpendi¢ure) to net (ash flow to net cash flow from o Prior year funds eratin Total funds Nvte Nel incomel(expenditsre) for the reportinz period (as per the stAtement of financial Activities) 14.505 7.399 SOFA Adjustments for: Deprcciation char8C Asset acquisitions (G8ins)Ilosses from investments DIldendS. interest and rents from investments 756 (1.788) (5,396) {27.538) 471 Note 9(b) (20.297) (23.512) BS Noie 3 (Increase)Idecrea5e in debtors (12,248) 588 Notell Increase/{decrease) in creditors 130 (466) Note 13 Net cash provided by (used in) operatlni Activliles (31 J78) (35017) Table C.3 Analyslffl of cash and tAAh equivalents Prior year funds TO1 funds Note Short tenn deposits Cash at bank and on hand 98.602 38,960 90.572 BS BS Tot81 tash #nd cath tqulvalents 137J62 145046
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON NOTES TO THE FINANCIAL STATEMENTS for tbe year ended 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS The PCC is a public benefit cntity within the meaning of FRS102. The financial statements have been prcpared under the ChaTities Act 2011 and in accordance with the Church Accowtting Regulattons 2006 governing the indiNidual accounts of PCCS. and with the Regulations, provision5. A150 wider FRS102 (2016) as the applicable accounting standard and the 2016 version of the Staiement of Recommended Practice. Accounting and RepDrtbng by Charities (SORP(FRS102)). ASSETS Conseerated and benefi¢e property tn so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section l 0(2)(a) 8nd( c) of the Charities Act 20115uch assets are nol capitatised in the financial stY4tements. MoveAble ¢hur¢h furnlshinzs Moveable church furnishings held by the vicar and churchwardens on special tntst for the PCC and require faculty for disposal are inalienable propety. listed in the Church's inventory. wljich can be inspected {at any reasonable time). T4n%iblt fixed •utts for ust by tharity These are ¢apitalised if th¢y can be used for more than one year, and cost at least £l.000. They are valued at cost or else, for gifts-in-kind, at a reasonable ests'male of their open market value on receipt. Depreciation is calculated to write off the capitalized cost of fixed Sets less their currently anticipated residual fair value over their estimated useful lives &s follow5.. Nil 4 years Equipment Inv&stments are valued at mark¢t value at 31 December. An impainnent review is carried out at each year-end and any resultant loss identified included in expenditure for the year. Inve81meiiti Investments quoted on a recognised stock exchange or those value derive5 from them are valued at market value at the year end. Othcr investment assets are included at PCC'S best estimat¢ of market valu¢. Short lerni deposits Thes¢ are the c&sh held on deposit with the CCLA or ai the bank.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 10- FUNDS UDrestri¢ted Funds These represent the remwning income funds of the PCC that are available for spending on the general purposes of the PCC, incluth'ng amounts designated by the PC.C for fixed L8set5 for its owi use or for spending on a future proJ¢ct and thich are theretore not included in its 'free reserves, as disclosed in the Intees, reporL Re51ricted Funds These are income funds that must be spent on restricted purposes and detsils of the fwids held and restn'ctions provided are shown in the noles to the accounts. Endowment Funds These are restricted funds that must be retained as trust capital either p¢rnwiently or subject to a discretionary power to spend capital as income, and therc the use of any income or other benefit derived from the capitafft may b¢ restricted or unrestricted. Full details of all their restrictions are th0 in the no¢es to the accounts. Incoming resources Planned giving, collections and similar donations are recognised vknen received. Tax refijnds are recognised %then the incoming resource to Nthich they relale is received. Grants and le8aGie5 are accounted for then the PCC is entitled to the use of the resource. their ults'mate receipt is considered reasonably certsin and the amounts due are reliable and quants"fiable. Dividends are accounled for then declared receivable. inter¢5t &8 and Nthen accrued by the payer. All incoming resources are accounted for gross. Resources expended Grants And donations are accounted for vknen paid over. or ett awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan pansh share expected to be paid over is accounted for Nthen due. All other expenditure is generally recognised then it is incurred and is accowiled for gross. 1.2 Changes to previous accounts There were no changes in accountin¥ practices in 2024 compared to 2023 and no adjustments to previous years accounts are applicable.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON NOTES TO THE FINANCIAL STATEMENTS for tbe year ended 31 December 2024 cont. INCOME AND ENDOWMENTS Unreslritted Unrestrieted De8iEnaied funds funds Restricted funds Endowment funds TOTAL 2024 TOTAL 2023 2{1) Voluntary income". Regular. planned wvin8 Collections at services Donations Thursday Morning Coffee Special appeals Mission & outreach activities recovered Legacies Grants 97.179.70 9.329.82 7,354.50 1.375.00 1.794.03 3.876.31 1.577.89 225.22 5.521.26 1.591.48 98.554.70 11.123.85 11.230.81 1,577.89 225.22 5.691.26 26.456.89 90,645.65 8.085.93 14,0$2.95 986.58 170.00 25.00 4,776.17 24,907.60 200.00 i.000.00 24.840.41 Note 6.1 3,720.00 500.00 4.220.00 Volunlary incon. 142 424.43 195.00 16.461.19 159,080.62 144,654.88 2{b) Af tivitie$ for zentrating funds: FundrsIng Summer Fete and Christsn& bazaar 1.523.38 1.523.38 2,425.78 4.787.41 4.787.41 5,042.21 Activitie8 for ieneratinl funds: 6 310.79 6310.79 7 467.99 2(c) Income from investments: Dividends on CBF Invesunent Funds Bank and CBF Deposit Fund interest Rent- 53 Barleyfields Road 3.878.87 3.849.71 7,728.18 6,944.84 3.895.63 2,123.28 2.634.27 4.757.55 15,051.45 15.051.45 12,671.94 Income from inve8tnJenl8: 17 174.73 6 513.14 3 849.71 27.537.58 23 512.41 2(d) Income from thurch activliles: Fees retained by PCC {weddings and fimera]s) Trading activits. es.. Pat75h Magazine (advertising) Trath'ng Mission & outreach activities Church and Crypt lettings - local community use 973.00 5.502.00 6,071.45 4,529.00 3.338.00 291.68 3,701.33 3.338.00 291.68 3,701.33 3,755.45 876.88 4.243.28 4.842.$0 4.842.50 2,512.50 Incon from church activities: 9,371.50 8 304.01 17,675.51 17,459.56 21e) Other income: Church Centre Trust Non core activittes Net Zero Carbon Project- including grants Miscellaneous 31.072.81 31.072.81 30,653.77 i.000.00 445.00 445.00 Other iDeome: 31.517.81 31,517.81 31.653.77 TOTAL INCOME & ENDOWMENr 168970.66 195.00 69,106.94 JJ49.71 242,122.31 224,748ffj1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 12- NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 cont. EXPENDITURE Unrtstri¢ttd Unttstritled Designated fund5 funds Restricted Endoivmenl funds funds TOTAL 2024 TOTAL 2023 3(a) Costs of zenerlting inconx: Stewardship Fundraising activities Summer Fete & Christm&s Bazaar Fundraising for mission and outreach 555.37 555.37 25.00 88.35 576.50 25.00 498.63 498.63 684.08 Costs of ientratinz income: 555.37 523.63 1079.00 1348.93 31b) Church activitieJ'. Mission giving and donations.. t>onations Donations from activities Donations from appeals Donations from special services 4,945.00 4.945.00 357.72 1,268,70 .182.20 150.00 70.00 287.72 1,760.48 1,760.48 l.071.16 Mission VIng and donations.. Diocesan Parish Share contribution.. 4.945.00 70.00 2,048.20 7.063.20 3.672.06 107.000.00 107.000.00 102,000.00 Saiwies and wages.. 17.551.70 47,140.40 64,692.10 69.004.23 Clergy and staff expenses. 1,766.28 1,766.28 1,710.55 Church actlv6ties: 131,262.98 70.00 49,188.60 180,521.58 176,386.84 3(t) Churth expenses: Mlssion 8nd evangelism.. Church activities Outreach activities Children and youth 161.51 662.34 737.81 3,116.20 567.38 899.32 3,799.54 567.38 333.14 2.697.78 1,070.61 21.00 Mi'ssion and evangelism.. 823.85 21.00 4,421.39 5.266.24 4,101.53 Church running expenses.. Parish officc costs Insurance 3,861.87 4.498.19 .075.15 4.937.02 4,498.19 3,915.92 7.295.42 4,094.41 8,378.21 Upkeep of services Cleaning and routinc maintenance 3.915.92 941.48 6.1$7.87 7.099.35 .253.61 Church running expenses.. 14.517.93 5.932.55 20.450.48 28.021.65 Church utility costs.. Electricity 2.776.31 5.723.23 389.85 2.776.31 5.723.23 389.85 3,909.84 6.986.46 502.58 Water Church utility costs.. .889.39 8,889.39 11,398.88
THE PAROCHIAL CHURCH COUIYCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 13- NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 CODL EXPENDrruRE Unrestricted Unrestricted Designated funds funds Restricted Endowment funds funds TOTAL 2023 TOTAL 2024 Cost of trading.. Magazine Costs Books, Bible Notes etc Mission & outreach activities 4.455.00 280.14 4.455.00 742.26 4.635.00 726.54 462.12 174.84 174.84 706.93 Cost of trading. Church expenses: 462.12 4,909.98 5.372.10 6,068.47 24 693.29 21.00 15.263.92 39.978.21 49.590.53 3(d) Costs Associated with 53 B4rleyfield$ Road: Rental m&na8ement char8e', 1.833.00 Insurance 784.64 Routine maintenance 1.606.92 1,833.Crf) 784.64 1,606.92 1.613.00 1.023.24 4.252,98 Cosls asJocia¢ed with 53 BarJeyfield$ Roid: 3(e) Major repvdlrs: Repairs to church buildin8 Church decoratin8 New building work Major repalrs: 4,224.56 4.224.56 6.889.22 7.210.00 7,210.(N) 954.60 7,210.00 7.210.Crt) 954.60 3(fj Other eApendilure: Zero Carbon projeci Provision for b&d debt 1,959.90 516.00 Other eipenditure: 2,475.90 TOTAL EXPENDITURE: 160,736.20 91.00 72,186.15 233,013.35 237,646.02
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 14- NOTES TO THE FI]NANCIAL STATEMENTS for tbe year ended 31 December 2024 cont. 2024 4{a) STAFF COSTS 2023 (') Wages and salaries { ) Pension and insurance contributions 61,820.54 2,871.56 65.707.95 3.296.28 64,692.10 69,004.23 Dwing the year the PCC employed an organist. verger. office manager, siStant administrator {all part-ts'me) and church caretaker). No payments were large enough io attract social security costs. It is estimated that 75 /0 of the office manager and the caretakers and 25°/o of the assistant administratoes time were spent rking for the wsJccr. All salary costs estimated for Mvrk for the WSJC.CT were Chged by the Wetherby St James PCC to WSJCCT. The Parochial Fees Order 2012 states that verger5, organists. thoir and bell rimgers e optional choices for those having occasioinal services. Therefore. the PCC are aciing &$ agents on behalf of other parts'es then providing such services. and the fees do not forni part of the income and expenditure of the PCC. ** Wetherby St James (PB 2014) participates in the Pension Builder Scheme section of Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pension5 Board Ithlch holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has s¢¢tions'. l. the Defined Benefits Scheme 2. the Pension Builder Scherne. wthich has subsections; a deferred annuity sects'on know As Pension Builder Classic. and. b. a cash balance section known as Pension Builder 2014. Pension Builder Schelne Both sections of the Pension Builder Scheme are classed as defined benefit scheme5. Pemiun Builder LI11c provides a pension, a¢cumuiated from contributions pwd and converted into a deferred annuity during employment b&sed on ternis set and revieNved by the Church of England Pensions Board from tirne to time. Discretionary incre8ses n)&y also be added. depending on investment returns and other factors, Pemlun Bullder 2014 is 3 c&8h balance scheme that provide5 & lump sum tch members use lo provide benefits at reliremenl. Pension contributions are recordcd In an account for ¢a¢h member. Discretionary bonuses may be added before retirement, depending on investmenl return5 and other factors. The accoun( plus any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme a5 described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that Contribthions are accounted for as if the Scheme were a defined contribution scheme. The pension costs chAf8cd to the SOFA in the year are contributions payable {2024.' £2.872, 2023.. £3,296). A valuation of the Pension Buildcr Scheme is Carried out once every three years. Th¢ most recent was carried out as 31 December 2022. For the Pension Builder Classic section. the valuation revealed a sU]S of £34.8m on the ongoin8 assumptions used. At the most recent annual review effective l January 2025, the Board those to grant a discretionary bonus of 6.7Q/o to both pensions not yet in payment pensions in payment in r¢sped of service prior to April 1997. and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.Tr/• (ere usually it w)uld be calculated based on inflation up to 2.5D/.). This followed improvements in the funding powtion over 2024. There is no requirement for deficit payments at the cuent ts'me. The next valuation is due as at 31 December 2025. For the Pension Bwlder 2014 section. the valuation revcalcd a surplug of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments ai the currenl time. The legal structure of the scheme is such that if another employer fails, Wetherby St James could become responsible for paying a share of the fail¢d employe¢s penslon liabilitie5.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 4(b) PAYMEiYfs TO PCC MEMBERS No payments or expenses were paid to any other PCC member. persons closely connccted to them or related Pwts'es other than reimbursement of costs and expenses incurred in the carrying oul of their responsibilities as members of the PCC. 4(c) RELATED PARTY TIL4NSACTION The PCC members are also Trustees of the Wetherby St James Church Centre TnLSt Iwsjccr). The wsJccr provides donations and funding to the Church. 4(d) FEES FOR EXAMINATION OF ACCOUNTS No fees were charged by the Independent Examiner for reporting on the accounts. S GRANTS MADE 5.1 Total value of grants made: Grants to Inotilutions Total Amount Grants to individuals Total amount Last year Tot41 6 GRANTS RECEIVED 6.1 Total value of grants received: Th58 year L( yeAr Archbishop's Council Destrattfication fan5 in Church Hall, electric water healers and draught proof doors. 3720.00 Wetherby Tn Support of the Elderly For St James Winter Extra Coffee Moming (Warm Spares) 500.00 1,000.00 Leeds Diocesan Board of Finance InStlatiort of L.E.D. li8htsn8 as part of Zero Carbon Pro ect i.000.00 4,220.00 2.000.00
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 16 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 cont. 7 MOVEMENT IN MAJOR FUNDS Fund balances blfwd Gains and losses Fund balances fwd Income Expenditure Transfers General Fund 325.715.21 168.970.66 (160.736.20) 3,484.68 337.434.35 Desi8nated fvnd Net Zero Carbon Fund 564.00 564.00 Donations Pending Breathing Spaces Restricted funds Worship Support in Wetherby Mission Support in Wetherby Digilal Mission & Communication 861.42 861,42 104,00 195.00 (91.00) 5.122.75 3,430.51 (10.091.07) 1.537.81 21,214.76 13.566.91 (12,894.88) (2,365.23) 19,521.56 374.67 (340.67) (34.00) Man With A Pan 1.498.24 2.327.99 10.095.63 5.596.04 574.00 (1,459.79) (4,457.58) (7.680.97) (798.17) 612.45 Ma8azine Fabric Fund 4.845.39 3.211.06 2,295.00 2.715.80 5.625,72 7.092.87 1.773.23 Audio Visual Fund Net Zero Carbon Fund Bells Repair & Maintenance Church Centre Trust CharÈty Appeals Vicar & Churchwardens Fund 1,773.23 2.475.31 115.00 2.5.31 31,072.81 2,081.75 (31.072,81) (2.081.75) 38.586.61 2.023.22 (144.65) 40,465.18 V&CW Flower Fund 150.28 150.28 V&CW William Powell Accumulation Fund 89,327.47 3.878.87 2,033.02 95,239.36 Friends of Wethert)y Church Music 5.376.74 2,012.42 {1,163.81) 6,225.35 Endowment fijnds V&CW William Powell Pern)anent Endowment Fund 48.985,68 1.121.21 50,106.89 Linton Property Fund 115,598.03 3,849.71 (3,484.68) 2,241.70 118.204.76 674 782.64 242 122.31 233 013.35 5 395.93 689 287.53
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 17 THE UNRESTRICTED DESIGNATED FUIYDS OF THE PCC COMPRISE THE FOLLOWING: Net 7tro Carbon Fund - Funds allocated to meet costs associated with the PCC'S net zero carbon aspirations. Donations Pendin2 - Funds set 18ide to meet future funth'ng requests. 50 /0 of Warm Spaces activity surpl alloLated t.or fijture St James School fundin8 requests. Breathing Spaces - Incomc and expenditure from the Breathing Spaces activity with the intents'on that the surplu5 income be donated to the Food Bank. THE RESTRICTED FUNDS OF THE PCC COMPRISE THE FOLLOWING: Mission Support in Wetherby Fund - Legacies. donations and fundraising for use by the PCC for the mission WDrk within the parish of Wetherby St James Worship Support ID Wetherby Fund - Legacies, donations and fundraising for by the PCC for worship support within the parish of Wcthcrby St James. Fund will be closed on l January 2025 and future tran5actton5 allocated to the Mission Fund. MAn With A Pan Fund - Donations and fundraising for use by the PCC for expenditure relating to the Mgn With A Pan project Fabric Fund - Fees. donations and legacies for use by the PCC but specifically for the maintenance. renewa] and repair of church buildings Audio Vlsual Fund - Fees. donations And fundraising for use by the PCC for the purchase of and repairs to the auth'o and visual equipment D#vid York Foundation (Fornierly know as Nct Zero Carbon Fund) - Donations and 8rants received and spending towards achievin8 zero carbon status. Church Centre Trusi Fund - Used by the PCC to segregate costs undertaken for the TnteeS of the Church Centre Trwgl and reimbursement Charity Apptals Fund - Used to se8regate and pay over service receipts. donats'ons and fundraising specifically for charitses Bells Rep2irs and MaintenanceFund - Legacy and donats'ons for the repair and maintenance of the bells. Ma£azine Fund - Donation specifically towards the costs of producin8 the Parish Magazine. Vi¢#r & Churchwardens Fund - Legacies and donations received for use by the Vicar & Churchwardens V&CW Flower Fund - Donations received for we by the Vicar & Churchwardens towards church flower costs V&CW William Poivell Accumulation Fund - To be spent at the dis¢relion of the Vicar and Churchwarden5 for the maintenance and repair of a]1 church buildings and churchyard. Friends of Wetherby Church Music- Donations and fundraising for use of the Trustees of Th¢ Friends Of Wetherby Churth Musi THE ENDOWMEiYf FUNDS COMPRISE THE FOLLOWING: V&CW William Powell PennAnent Endowment Fund - Bcquest to generate an income for the V&CW William Powell Accumulation Fund Linlon Property Fund - To generate income for the General Fund
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 18- NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 conL TANGIBLE FIXED ASSETS 9(a) Cost or valuation Other equipment Musical instruments Gardening equipment TOTAL Balance bld 01 January 2024 3.369.51 2,244.90 5.614.41 Additions 1.787.99 1,787.99 Disposals Transfers Balance clfwd 31 December 2024 5.157.50 2,244.90 7,402.40 9(b) Accumulated depreciation and impairment provisions Basis Rate SL 25% SL Balance blfwd 01 January 2024 2.937.43 2.244.90 5.182.33 Depreciation charge for the year 756.32 756.32 Impairnient provisions Depreciation on disposals Depre¢iation on transfers Balance c/fwd 31 December 2024 3,693.75 2,244.90 5,938.65 9(c) Net book value 1,463.75 1.463.75 10. INVESTMENT FIXED ASSETS Unrestricted Restricted V&CW Wm V&CW Wm 53 Barleyfields Powell Powell Rd Ac¢umulation Pernianent Endowment Funds Wetherby •Wetherby Linton Linton Church Linton Land Church Balance blfivd O lJanuary 2023 270.000.00 89.327.47 48.985.68 17610. 13.016.74 84,971.29 Additions 3,878.87 365.03 Disposals Net gains (losses) on revaluation 2.033.02 ,121.21 296.84 1,944.86 270.000.00 95,239.36 50.106.89 17,610.00 13.678.61 86.916.15 The Linton Lan(VChurch Fund comprise5 3 separate investments.. •The Wetherby Linton Church is a deposit account with the CCLA to provide interest income for Wetherby St James PCC. *The Wetherby Linton Land is invested in the CBF Church Of England Investment Fund and the dividends earned are reinvested in the fund. *The Linton Church is invested in the CBF Church Of England Investment Fund to provide dividend income foi Wetherby St James PCC
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 19 NOTES TO THE FINANCIAL STATEMENTS for theyear ended 31 December 2024 cont. 11. ANALYSIS OF DEBTORS Amounts falling due wthin one Amounts falling due aftcr more year than one year 2024 2023 2024 2023 Trade debtor5 Provision for bad debts Amounts due from associated undertakings Prepayment5 and accrued income 709.00 611.00 (516.00) 238.86 13.315.15 9.960.95 15,227.02 25,896.97 13.649.01 12. CASH AT BANK AND IN HAND This year Last year Short teTm cash investments (le than 3 months maturity date) Short term deposits Cash at bank and on hand 98,602.26 38.959.63 90,571.50 55,274.85 Other 137,561.89 145,846.35 13. ANALYSIS OF LIABILITIES Amounts falling due within one Amounts falling due afier more year than one year 2024 2024 2.996.74 2023 3,899.06 2023 Creditors Amounts due to associated undertakings Accruals for utility and other costs Other creditors Agency collections 5,425.47 763.88 4,362.51 794.41 9.186.09 9.055.98 14. ANALYSIS OF NET ASSETS Unresiricled Unrestricted Designated Fun&8 Funds Restricted Funds Endowment Funds TOTAL 2024 Tangible fixed assets Investment fixed assets Current assets Li¥bilitiey: Amounts falling due in one year Amounts failing due after one year 440.00 270,000.00 75,453.08 1,023.75 95.239.36 86,476.36 1,463.75 533,551.01 163,458.86 168.311.65 1,529.42 (8,460.33) (725.76) (9.186.09) 337,434.35 1.529.42 182.013.71 168.311.65 689.287.53
THE PAROCHtAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON Financial Statements for the period l January 2023 to 31 December 2023 -20- STATEMENT OF FINANCIAL ACTtVlTIES Unrestricted Unreslricted Designaled Restricted funds funds funds Endowment fundi 2023 TOTAL 2022 INCOME & ENDOWMENTS Voluntary income 2(a) Activities for BeneratinB ndS 2(b) Income from investm¢nts 2(¢) Church activities 2(d) Other income 2(e) 124.232.39 336.00 14.340.38 7.683.85 20.422.49 7.131.99 5.941.37 9,775.71 31.653.77 144,654.88 7.467.99 23,512.41 17.459.56 31,653.77 153.645.99 15.181.34 18.859.09 12.626.24 27,702.89 3.230.66 TOTAL INCOME 146,392.62 74.925.33 3330.66 224,748.61 228,015.55 EXPENDITURE Cost of generating funds Church Activities Church expenses Major repairs Other expenditure 3{a) 3(b} 3(c/d) 3(e) 3(0 198.85 120,174.48 30,374.68 1.150.08 56,212.36 26.105.07 954.60 999.90 1,348.93 176,386.84 56.479.75 954.60 2,475.90 462.93 187,788.74 40.843.64 516.00 960.C 353.71 TOTAL EXPENDITURE 151,264.01 960.(H) 8S,422.01 237.646.02 229,449.02 NET INCOME (EXPENDITURE) BEFORE INVESTMENT GAINS (4.671.39) (960.(M)) (10,496.68) 3,230.66 (12,897.41) 1.433.47 NET GAtNS ON tNVESTMENTS 7,573.23 12,723.56 20,296.79 27,799.25 NET INCOMEI(EXPENDITURE) (4.671.39) (960.(X)) (2,923.45) 15,954.22 7,399.38 29,232.72 GROSS TRANSFERS BETWEEN FUNDS - In 2,881.14 4,140.99 7,022.13 16,098.49 {4. 140.99) (2.881.14) (7,022.13) (16,098.49) NET MOVEMENT tN FUNDS (1.790.25) (960.00) (2,923.45) 13,073.08 7J99.38 (29332.72) Balances bld l January 2023 327.505.46 1,524. 186,843.17 151.510.63 667,383.26 696,615.98 Balances clfwd 31 December 2023 325,71S.21 564.iKI 183,919.72 164,583.71 674,782.64 667J83.26
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WETHERBY WITH LINTON 21 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERsrrRUSTEES OF ST JAMES CHURCH, WETHERBY, PAROCHIAL CHIIRCH COUNCIL. I reprjrt on the accounts for the year ended 3151 December 2024 thich are set out on pages 5 to 19. Respective responsibilities of the Trustees and Independent EIaminer The charity'5 trustees consider that an audit is not reqwred for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act: Q follow the procedures Iwd down in the General Directions wven by the Charity Commissioners under section 145{5)(b) of the 2011 Act: and 6 state ether particular matters have come to my atteniion. Basis of independent Examiner'j Statement My examination was carried out in a¢¢ordanc¢ with the General Directions 8iven by tEie chlty Commission. An examinaiion includes a review of the accounting records kept by the charity and a companson of thc accounts presented with those records. Tt a150 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit. and consequu)ily I do not express an audit opinion on the accounts. Independent Ex&nner,1 St*tent In connection with my examination. no matters have come to my attention l. 1)iCh give me reasonable cause lo believe that in any material respect the requirements.. Q to prepare accounts in accordance with s.130 of the 2011 Act lo prepare accounts Nthich accord with the accounting records and comply with the accounts'ng requirements of the 2011 Act have not been met or to thich. in my opinion. attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. J Cutlibe son MA. FCA Date..