Charity number: 1135593
The Parish of Leeds City PCC
Trustees. Report and Financial Statements
For the year ended 31 December 2024
f *RIs

The Parish of Leeds City PCC
Contents
Page
Trustees, Report..,.
Independent Examiner's Report...................................
Statement of Financial Activities..........
Balance Sheet......
Statement of Cash Flows......................................
10
Notes to the Flnanclal Statements........................
11

Parish of Leeds City PCC
Trustees. Report for the year ended 31 December 2024
The Trustees present their annual report and financial ststements for the year to 31 December 2024
These financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their financial statements in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1st January 2019) as detailed in the accounting policies.
Reference and Administrative Details
The Parish of Leeds City comprises the parlsh church of St Peter-at-Leeds (Leeds Mlnster). The redundant
church of St John the Evangelist, New Briggate is located in the parish and is in the care of the Churches
Conservation Trust. Parish of Leeds City is in the Archdeaconry of Leeds, which itself is co-terminus with
the Leeds Episcopal Area, part of the Diocese of Leeds in the Province of York within the Church of England.
The correspondence address is Kirkgate, Leeds, LS2 7DJ.
The charity registration number is 1135593.
PCC members who served from January 2024 until the date of this report was approved are:
Rector:
Lecturer:
Associate clergy:
Assistant Curates:
Rev'd Canon Paul Maybury
Rev'd Prof Jane de Gay
Ven Paddy Benson
Rev'd Andrew Earwaker
Rev'd Jo Jones
Kay Brown
Sarah Maybury
Nathan Booker
{PCC Chair)
Llcensed Lay Minlsters:
(Vice-chair of PCC)
(Licensed 22nd September 2024)
Church wardens:
Philip Lancaster
Chikwado Nnorom
(Elected 21° April 2024)
(Elected 21st April 2024)
Deanery Synod
Representatives:
Kay Brown
Nathan Booker
Sarah Maybury
(Elected 14th May 2023 for 3 years)
(Elected 19th September 2023 for 3 years)
(Eletted 19th September 2023 for 3 years)
Elected members:
Beryl Lee
Lesley Allsopp
Linda Sato
Diane Maloney
Mlchael Pawson
Rhoda Wallace
Lesley Enoch
Vlttorla Booker
Quentin Brown
Arthur Boreham
David Dredge
Alison Elgie-Heaton
Daniel So
Christopher Webster
(Elected 15th May 2022 for 3 years)
(Elected 14th May 2023 for 3 years)
(Elected 14th May 2023 for 3 years)
(Elected 14th May 2023 for 3 years)
(Elected 14th May 2023 for 3 years)
(Reslgned 21st April 2024)
(Elected 14th May 2023 for 3 years)
(Elected 21st April 2024 for l year)
(Elected 21st April 2024 for 2 years)
(Elected 21st April 2024 for 4 years)
(Elected 21st April 2024 for 4 year5)
(Elected 21st April 2024 for 4 years)
(Elected 21st April 2024 for 4 years)
(Co-opted 6th June 2024)
There are currently no vacancies on the PCC
PCC Secretary:
PCC Treasurer:
Will Lewis
David Dredge
(appointed 16th September 2024)
(appointed 30th April 2024)
Principal Bankers:
Independent Examiner:
CAF Bank Ltd, 25 Kings Hill Ave, Kings Hill, West Malling Kent, ME19 4JQ
Jessica Lawrence FCA, CTA, Azets Audit Services Ltd, 12 King St, Leeds,
LSI 2HL

The Parish of Leeds City PCC
Trustees. Report for the year ended 31 December 2024
Structure Governance and Management
The Parochial Church Council ('PCC') is a corporate body established by the Church of England. The PCC
operates under the Parochial Church Council Powers Measure. The PCC is a registered charity (Registration
Number: 1135593). 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.
Statement of PCC members, responsibilities in respect of the Financial Statements
The PCC members are responsible for preparlng the Annual Report and the financial statements In
accordance with appllcable law and regulations. The financial statements are required by law to give a true
and falr vlew of the state of affairs of the Church and of the income and expenditure for that period.
In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistentlyi
observe the methods and princlples In the appllcable Charltles SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standard5 have been followed, subject to any materlal
departures disclosed and explained In the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charlty will continue in its activities.
The PCC members are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Church and enable them to ensure that the financial
statements comply with the Charities Att 2011 and the Church Accounting Regulations 2006. They have
general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the
Church and to prevent and detett fraud and other Irregularltles.
Objectives and Activities
Leeds Clty PCC has the responsibility of co-operatin9 With the Rector of Leeds In promoting In the
ecclesiastical parish the whole misslon of the Churchr pastoral, evangellstlc, social and ecumenlcal. It also
ha5 maintenance re5ponsibilitie5 for the Church of St. Peter at Leeds; the St. Peter's precinct buildings
comprising St. Peter's House, St Peter's Hall (both of which are leased), and the Caretaker's flat. When
reviewing the aims and objectives of the charity, and in planning future activities, the Trustees have complied
with the duty in settion 17 of the Charities Act 2011 to have due regard to public benefit guidance published
by the Commission.
Fundraising
We strive to achieve the highest fundraising standards and we value our supportive funders. We stay up to
date with developments in charity regulation, data protettion and the Fundraising Preference Service (FPS)
to make sure we are legally compliant and adhering to all guidelines. We follow the Institute of Fundraising's
Code of Practice. No complaints regarding our fundraising attivities have been recelved In the year, Durlng
the year, we engaged the services of The Good Fundraising Company Ltd in order to develop a Fundraising
review and Strategy proposals from January 2025.
Achievements and Performance
Key events in the past 12 months:
2024 has again been a significant year of consolidation and growth in many areas. Andrew and Jo, our
curates were both priested and fulfil a significant role in leading and preachlng. The Revd Jane deGay has
led on establishing a pastoral strategy with people being trained and supported in the role of supporting the
whole congregation in responding to the needs of those around them at worship. The clergy and Licensed
lay Mlnlsters meet regularly to monitor this and other matters.
Nathan Booker transferred his Licensed Lay Minister (LLM) license from the diocese of Leicester to the Minster
in the Autumn and Catherine Warr began her LLM tralning In September for two years. Again we rnet in
groups during Lent, after Easter and in the Autumn, preceded by bring and share lunch. This is now an

The Parish of Leeds City PCC
Trustees. Report for the year ended 31 December 2024
Achievements and Performance (continued)
established norm. The occasional meetings of the Under 40's group became monthly during the year and
provide a valuable opportunity for younger members of the congregation to be encouraged and supported.
A new monthly prayer meetlng on Wednesdays started In the Autumn and now meets regularly led by
clergy and lay ministers.
Many special services took place during the year and we were pleased to welcome Bishop Nick and
Bishop Arun and Dean Simon from Wakefield Cathedral, and others, as vlsltlng preachers during the
year.
During the year the PCC have met regularly including a day away for more extended reflection together and
planning. We have set ourselves the task of creating a rolling five-year plan 2025 - 2030 by the middle of
2025. The PCC Ministry Teams have expanded to give momentum to this. Other groups continue to serve
the Minster like the weekly Archive Groupi the team of school guides and tour guides and the bell-ringers.
In September, we bade farewell to Simon Peatman, who had taken a Job opportunity In the Far East. In
the role of Churchwarden, particularly during the Vacancy, his quiet, diligent but firm contribution in areas
encompassing the Server Team, tT and Communications, Finance and Venue hires, ensured that the church
was well placed to at the commencement of a new incumbency. Wendy Bloom, our volunteer part-time
bookings co-ordinator has contlnued to grow a wide range of external bookings which has brought many
different people into the building along with some helpful revenue. The weekly Ukranian weaving group have
continued beyond their initial few months and are likely to be with us for as long as there is a need. At the
end of the year we began to host activity from Lighthouse and we anticipate this will increase in the New
Year. In addition a weekly therapeutic group now meets on a Monday evening in the City of Leeds Room.
Dally Prayer contlnues In the bulldlng and onllne at 8.30am Tuesday to Friday. Midday prayer became
established during the year as a regular feature whenever the building is open. We are very grateful to the
Increased team of retired clergy wlth PTO who act as chaplains and who lead midday prayer.
We welcomed the Archdeacon of Leeds to a PCC meeting and explored together ways in which the Minster
might further support the Episcopal Area Strategy and some parishes in particular. This remains an ongoing
conversatlon but the PCC are determlned to make a slgnlfscant dlfference In other churches outslde of the
Minster.
We have continued to consolidate our partnerships across the clty and are grateful to Leeds City Council for
Increasing thelr annual grant to us.
We participated fully wlth the Major Churches Network and look forward to attending their next residential
conference in 2025.
The year ended with a successful range of Chrlstmas servlces and concerts in collaboration5 With external
partners.
Finance:
During 2024, established procedures have continued to operate with routines delivering a regular cycle of
book-keeping functions, rnonthly reports and infomiing wider decision maklng. The watchword of late 2024
at Leeds Minster has been 'Sustainability- The Mlnster remalns a busy place with activities taking place on
each day of the week and the doors open to the public between Tuesday and Sunday. This inevitably impacts
on the Finance workload as well as making Increased demands on infrastructure. Income from Venue hire
has more than doubled while with almost all other income streams have increased. Expenditure has risen
comparably, hovvever there had been the completion of a long deferred Ilghtlng replacement scheme and
addltional security and access control funded largely from income, a5 well as routine fflaintenance work.
When it is recognised that Choral Scholarships are partially paid from funds already held for that purpose to
be drawn down as required, the £15k negative movement of the Income and Expenditure account is reduced
to <£2k once that is taken into account.
With the cessation of the Diocesan Historic Share Write off Scheme in 2021 the PCC resolved to increase its
payment of Share above the request for 2024. This amounted to a £10,000 overpayment which was

The Parish of Leeds City PCC
Trustees. Report for the year ended 31 December 2024
Achievements and Performance (continued)
Intended to reduce our Historic share debt to £104,519. Correspondence with the Diocese resulted in
recognitlon of our eligibility for a further write off scheme. This resulted in the liquidation of the entire
outstanding (moral) liability- This has been a massive encouragement, particularly to long standing
members of the congregation. Our cumulative outstanding Parish Share is therefore £nil for the first time
in at least 30 years and probably more. The overpaid sum is currently held by the Diocese pending PCC
discussion.
The Holy Trinity Fund was closed in 2023, but an Investment account remained containing what had been
transferred to unrestricted funds as part of the resolution of the Holy Trinity Project deficit. This anomaly
was corrected wlth the transfer of these funds to an existing investment account with the funds recognised
within Unrestricted Fixed Assets.
The Leeds Minster Archive Team has accessed records held by West Yorkshire Archive Service to provide
Information about the Tennant legacy and the St Mary funds held by the Dlocese as Custodlan Trustee. Once
the status of these funds is established, appropriate action will be taken to utilise them to support the
ongoing mission and ministry of the church.
Further work on management of the Rental Propertles has resulted in the antlclpated Improvement in credit
control. A number of insurance claims have been dealt with during the year and the problems arising from
previously unrecognised sub-letting are coming towards resolution. Office 2 now has a settled tenant while
we have engaged another Estate Agent to market the long vacant Office l. If this does not bring us a new
tenant by Mid-2025, consideration will be given to alternative uses for the property.
The writing of a Manual to both secure procedures for the future and to facilitate the guidance of personnel
yet to be identified to whom book-keeplng functlons may be devolved, has been thwarted on several
occasions by both internal and external demands upon the Treasurer's time. It is anticipated however that
the next module will involve the Venue Hire bookings invoicing system which operates on Churchsuite but
which does not interface with the Accountlng software. The ultimate aim is to decouple Finance functlons
from any given Indlvldual to support the overall Sustainability agenda.
In line with PCC policyr a Finance Ministry Team reporting to Standing Cornmittee has been constituted and
individuals appointed to populate it. Its funttions will be self-defined and will work initially at least on the
formulatlon and appllcatlon of Pollcles and Procedures. The creatlon of a Critlcal Frlend culture wlll be
encouraged, again to broaden the base of understanding and ownership in the cause of sustainability.
Staffing:
We were pleased to appoint Shaun Turnbull to a permanent contract. We were also pleased to have Emma
Temple work half a day a week for us on digital communications, mainly on Social Media which has helped
considerably in enabling people to know what takes place at the Minster. We are also pleased to appoint Will
Lewis to the newly created role of part-time Assistant Administrator and PCC Secretary.
lain Howell has continued to serve the Minster as Caretaker. His commltment and flexlbility Is Invaluable.
st John's Church, New Briggate:
The PCC remains responsible for the Churchyard at St. John's, Including obligation to Insure, though the care
and maintenance of the Churchyard is undertaken by Leeds Clty Council with the PCC taking an active role
in its oversight and care. We work closely with The Churches Conservation Trust and support them in
enabling the building to be open to the public as often as is possible.
Leeds Minster:
We've been able to carry out various maintenance this year including the replacement of light fittings in both
the nave and sanctuary and the Lady Chapel which is a significant improvement.
We were pleased that, during the summer, we finally resolved the issues with the three year old stainless
steel roof over the vestrie5.
New tarmac along the west end of the building has made the vehicle entrance much safer and attractive.
Plans to contract with an external carpark company are in hand which should improve our revenue from the
Car Park and alleviate some of the hassle which we have suffered with it

The Parish of Leeds City PCC
Trustees. Report for the year ended 31 December 2024
Music Ministry
A full report on the activities of the music department is detailed elsewhere in the annual report.
The role of the Rector of Leeds
The Rector continued to play a role in the various charities and trusts of which he was an ex-officio member
by virtue of his ofPice, including The Market Place, the Harrison's Charity, the Friends of the Music of Leeds
Minster, the Incorporated Leeds Church Extension Society, The Market Place and the Leeds Church Institute,
along with involvement with the governing body of St Peter's primary school and a leading role in the
Episcopal area. He has been chaplain to the Lord Mayor slnce May.
Safeguarding and Health & Safety
New PCC members are required to complete self-declaration forms and to undertake basic (online Diocesan)
Safeguarding training. Under the guidance and supervision of our Safeguarding Officer, Kay Brown, sound
procedures are in place and vigilance at all levels is maintained. The Rector chairs the Buildings and Grounds
Ministry Team which revlews all H&S Policy documents ensuring that the PCC is fulfilling its obligations in
this area. We aspire to a zero-accident culture.
Financial Review:
Total receipts on unrestricted funds were £291,209 (2023: £202,065) and are detailed in the financial
statements. The largest element Is donations and legacies at £126,896 (2023: £86,219). Charltable actlvltles
ralsed total funds of £67,872 (2023: £38,596), and other trading actlvltles ralsed £35,044 (2023: £27,579).
Total expenditure from the unrestricted funds was £283,263 (2023- £218,766) again detailed in the financial
statements, to give a net result for the year on unrestricted funds of a surplus In the sum of £7,946 (2023:
£16,701 deficit) before taking into account gains on investment revaluations of £88,171 (2023- £1,813).
Our cumulative outstanding Parish Share is £nil {2023, £114,519) as detailed in the Trustees, Report.
Total funds at 31 December 2024 were £1,111,523 (2023: £1,037,500) of whlch £984,379 (2023:
£889,201) were unrestrlcted. The restrlcted funds at 31 December 2024 were £119,538 (2023: £140,854)
and Endowment Funds amounted to £7,606 (2023: £7,445).
Going Concern:
The trustees have prepared financial projections, taking into consideration the current economic climate and
its Potentlal impact on the sources of income and planned expendlture. They have a reasonable expectation
that adequate financial resources are available to enable the charity to continue in operational existence for
the foreseeable future and have adequate contingency plans in the event that income streams are reduced.
The charity still has reserves sufficient to meet its immediate requirements. Consequently, the financial
statements have been prepared on the basi5 that the charity is a going concern.
Reserves Policy:
It Is PCC policy to malntaln, If posslble, frec rcserves whlch equate to approxlmately three months, budgeted
unrestricted payments (to include paying the Diocesan Parish Share in full) and to cover emergency
situations that may arlse from tlme to tlme. At 31 December 2024 this requirement was approximately
£70,816. The balance of £103,555 (2023: £88,708) on unrestricted and designated funds held in net current
assets at the year-end is above this target. It should be noted however that of this balance, £80,376 has
been designated by the PCC to provide matched funding for projects to be undertaken during the coming
five years and beyond. The available unrestritted free reserves are therefore effectlvely £23,179 which
without drawing down Designated Funds is below the policy requirement without compromising the
designation. The PCC has approved a balanced budget for 2025 whlch includes both development of existing
income streams and maximising our fundraising potential with the assistance of an external consultant. It
is confident that these measures are adequate to mitlgate unforeseen events.
Approved by the PCC and signed on its behalf by-.
Rev'd Canon Paul Maybury
Rector and PCC Chair
Date 13th May 2025

The Parish of Leeds City PCC
Independent Examiner's Report to the Members of the Parish of
Leeds City PCC
report to the trustees on my examination of the financial statements of the Parish of Leeds City PCC for
the year ended 31 December 2024. This report is made solely to the charity's trustees, as a body, in
accordance with Section 145 of the Charities Act 2011. My independent examination work has been
undertaken so that I might state to the charity's trustees those matters I am 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 independent examination work, for this report, or for the opinions I have formed.
Responsibilities and basls of report
As the charity trustees of the PCC you are responslble for the preparatlon of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's financial statements carried out under section 145 of
the 2011 Act and In carrying out my examlnation I have followed all the appllcable D1￿ctionS given by the
Charity Commission under section 145(5)(b) of the Act.
This report, including my statement, has been prepared for and only for the charity'5 trustees as a body. My
work has been undertaken so that I might state to the charity's trustees those matters I am 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 responslbillty to anyone other than the charity and the charlty's trustees
as a body for my examination work, for this report, or for the statements I have made.
Independent Examiner's Statement
Slnce the Charity's gr055 income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because l am
member of Institute of Chartered Accountants In England and Wales, whlch Is one of the Ilsted bodles.
I have completed my examination. I confirm that no materlal matters have come to my attention in
connettion with the examination giving me cause to believe that In any material respett:
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the financial statements do not accord wlth those records. or
the financial Statements do not comply with the applicable requirements concerning the form and
content of financial statements set out in the Charltles (Financial statements and Reports) Regulations 2008
other than any requirement that the financlal statements give a true and falr vlew whlch Is not a matter
conside￿d as part of an independent examination.
I have no concerns and have come across no other matters in connection wlth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements
to be reached.
Jesslca Lawrence FCA CTA
Azets Audit Services Ltd,
12 King St,
Leeds,
LSI 2HL
Date
Jilslas

The Parish of Leeds City PCC
Statement of Financial Activities
For the year ended 31 December 2024
Note
Un-
Restrirted
restricted Funds
Funds
Endowment
funds
2024 Totsl
Funds
2023 Totsl
Funds
Income from:
Donations & legacies
Charitable activities
Other trading
Investments
Other income
Total income
126,896
67,872
35,044
47,164
14,233
291,209
42,543
6,089
512
4,479
5,200
58,823
169,439
73,961
35,556
51,643
19,433
350,032
160,212
46,916
27,579
34,289
21,871
290,867
Expendlture on:
Raising funds
Charitable activitles
Other expenditure
Total
expenditure
Net income /
(expendlture)
before other
recognised galns
17,659
247,396
18,208
283,263
1,106
72,523
8,318
81,947
18,765
319,919
26,526
365,210
32,324
239,307
35,741
307,372
io
13
7,946
(23,124)
(15,178)
(16,505)
Gains on
Investments
48,171
869
161
49,201
Transfers
between funds
(939)
939
Other recognised
gains
Gain on
revaluation of fixed
assets
Net movement In
funds
14
40,000
40,000
5,737
95,178
(21,316)
161
74,023
(10,768)
Reconciliation of
funds:
Total fund5
b/fwd
Total funds
c/fwd
19.20
889,201
140,854
7,445
1,037,500
1,048,268
19,20
984,379
119,538
7,606
1,111,523
1.037,500
The notes on pages 12 to 26 form part of these financial statements.
There are no recognised gains and losses other than those in the statement of financial activities.
A fully detailed statement of Financial Activities for the year ended 2023 is shown at note 22.
All the above amounts relate to continuing activities.

The Parish of Leeds City PCC
Balance Sheet as at 31 December 2024
Note
2024
2023
Fixed Assets
Tangible fixed assets
Investment property
Investments
14
Is
16
228,131
642,674
68,671
189,657
595,000
67,144
939.476
851,801
Current Assets
Debtors
Bank
17
58,271
157,747
216,018
27,327
183,237
210,564
Creditors: amounts
falling due withln one
year
18
(43,971)
(24,865)
Net Current Assets
172,047
185,699
Net Assets
1,111,523
1,037,500
Funds of the charity:
Unrestricted funds
Restricted funds
Endowment funds
Total funds
19,20
19,20
19,20
984,379
119,538
7,606
1,111,523
889,201
140,854
7,445
1,037,500
Approved by the Parochlal Church Councll and signed on its behalf by:
Rev'd Canon Paul Maybury
Rector and PCC Chair,
Date 13th May 2025
The notes on pages 12 to 27 form part of these financial statements.

The Parish of Leeds City PCC
Statement of Cash Flows for the Year Ended 31 December 2024
Note
2024
2023
Cash flows from operating activities:
Net cash used inl(provided by) operating activities
21
74,877)
33,761
cash flows from investing actlvitles:
Proceeds from dispos41 of investments
Purchase of fixed assets
Purchase of investments
Investment income
Net cash provided by investing activities
7,246
(17,563)
(2,256)
51,643
49,387
34,289
24,152
Change in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equlvalents at the end of the year
(25,490)
183,237
157,747
57,913
125,234
183,147
10

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
Accounting policies
The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
Charlty Information
The Parish of Leeds Clty PCC Is a charlty reglstered In England and Wales (charity reglstration number Is
1135593). The correspondence address is Leeds Minster, Kirkgate, Leeds LS2 7DI.
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charitles:
Statement of Recommended Practice applicable to charities preparing their financial statements in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019) - (Charities SORP (FRS 102)), the Flnancial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102).
The Parish of Leeds City PCC meet5 the definltion of a publlc beneFIt entity under FRS 102. Assets and
liabilities are initially ￿CogniSed at cost or transaction value unless otherwise stated in the ￿levant
accounting policy notes.
The flnanclal statements have been prepared under the hlstorlcal cost convention except for the valuation
of investment assets, whlch are shown at market value. The financial statements Include all transactions,
assets and liabilities for which the PCC is liable in law. They do not include the financial statements of church
groups that owe their affiliation to another body, nor those that are Informal gatherings of church members.
The financial statements have been prepared in pound sterling which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1.
Going concern
The Trustees have prepared flnanclal projections, taking into consideration the current economic climate and
its potentlal Impart on the sources of Income and planned expenditure. The trustees have a reasonable
expectation that adequate financial resources are available to enable the charity to contlnue In operatlonaS
existence for the foreseeable future, and have adequate contingency plans in the event that income streams
are reduced. Consequently the financial statements have therefore been prepared on the basls that the
charity is a going concern.
Income
Income represents all resources which become available to the charity but excludes galns on Investments.
Grants, donatlons and legacles and associated gift aid are recognised when the charity becomes entitled to
receive the funds, when it is probable that the funds will be recelved and that they can be measured wlth
Sufficient rellablllty. Investment Income is recognised on an accrua15 basis and comprises of dividends
declared and interest receivable during the accounting period and rents from investment properties which
are included when they are receivable by the charity.
Expenditure
Grants and donatlons are accounted for when paid over or awarded. The dlocesan parish share is accounted
for when paid. Amounts received specifically for mission are dealt with as restricted funds. All other
expenditure is recognised when incurred and accounted for gross.
staff Costs
The costs of short terni employee beneflts are recognised as a liablllty and an expense where settlement of
obligations does not fall within the same period.
Pension Costs The charity has made arrangements for a defined contribution scheme for the members of
staff. The assets of the scheme are held separately from those of the charity. Pension costs charged in the
Statement of Financial Activities represent contributions payable by the charity in the year.
11

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
Accounting Policies (Continued)
Operating Leases
Rentals appllcable in respect of operating leases where substantially all the beneflts and risks of ownership
remain with the lessor are charged to the income and expenditure account as incurred.
Funds
Endowment Funds.. represent donations. the capital of which must be malntained; only the income arislng
set upon the purpose for which the endowment was established.
Restricted Funds.. represent donatlons or grants re￿IVed for a speciflc object or invited by the PCC for a
specific objett. "I he funds may only be expended on the specific objett for whlch they were given. Any
balance remaining unspent at the end of each year must be carrled forward as a balance on that fund.
Unrestrirted funds.. represent general funds which can be used for PCC ordinary purposes.
Tangible fixed assets
Consecrated land and bulldlngs and moveable church furnlshlngs
Consecrated and beneflced property Is not Included In the flnanclal statements in accordance wlth s.10 (2)(a)
and (c) of the Charltles Act 2011.
other land and buildings
The charity owns the flat occupied by the Caretaker, which is included at a valuation arrived at by the PCC.
No depreclatlon is charged against the flat and the carrying value will be revlewed annually.
other equipment
Equlpment used wlthln church premises and offices Is depreciated on a stralght-llne basis over 4 years.
Individual items of equipment with a purchase price of £1,500 or less are written off in the period in which
the asset is acquired.
Investments
Investment properties are properties held to earn rentals and/or for capital appreclation, are measured using
the fair value model and are stated at their fair value which is estimated based on future cash flow
expectations and the current market conditions at the reporting date. The surplus or deficit on revaluation
Is recognised In the SOFA.
Other listed investments are held to generate returns and galns for the charlty and accordingly are
designated as fair value through profit and loss ("WPL"). Under this designation the portfolio is re-valued
at each period end to its fair value, as determined by reference to quoted market prices and values
determined by Independent fund managers, with any gains or losses going through the SOFA.
Financial instruments
The charity has elected to apply the provisions of Sectlon 11 'Basic Financial Instruments, and Settion 12
'Other Financial Instruments Issues. of FRS 102 to all of its financlal Instruments.
Cash at bank and in hand
Cash at investments and cash in hand includes cash and short term highly liquid investments with a short
maturity held for worklng capital. Bank overdrafts are shown within borrowing In current liabilities.
Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Creditors, loans and provislons are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors, loans and provisions are normally recognised
at their settlement amount after allowing for any trade discounts due.
12

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
Accounting Policies (Continued)
Critical Accounting Estimates and Judgements
In the appllcatlon of the charity's accounting policles, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experfjen￿ and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate Is revised, if the revision affects only that
period, or in the period of the revision and future periods if the revision affects both current and future
periods.
The following estimates and assumptions that have a significant risk of causing a material adjustment to the
carrying amount of assets and liabilities:
Investment property valuations: Investment propertie5 are included in the financial statements at fair
value. The valuatlons are Trustees valuatlons and are based on current market conditions and prevailing
values and expected future cash flows from the properties.
Donations and Legacies
Current year
2024
2024
Unrestricted Restricted
Funds
Funds
2024
Total
Donations:
Planned giving
Tax recoverable
Offertory Box (Cash donatlons)
Legacles
Other donations
Total: Donations
43,785
12,305
9,956
10,000
21,792
97,838
932
725
237
44,717
13,030
10,193
10,000
9,698
31,490
11,592 109,430
Grants:
Leeds City Councll
Leeds City Councll (MICE Grants)
Piling Trust
Harrisons Charity
Liz and Terry Bramall Foundation
Leeds Church Extension Society
Voluntary Attion Leeds (St Lukes Cares)
Friends of the Music of Leeds Minster
LPOW Grant Scheme
Total: Grants
18,000
250
18,000
324
7,500
11,500
5,600
6,000
1,900
74
7,500
11,500
5,600
6,000
1,900
8,908
29,058
277
30,951
9,185
60,009
Total
126,896
42,543 169,439
13

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
Donations (Continued)
Prior year
2023
2023
Unrestricted Restricted
Funds
Funds
2023
Total
Donations:
Planned giving
Tax recoverable
Offertory Box (Cash donations)
Legacies
Other donatlons
Total: Donations
40,295
10,295
6,934
2,353
13,605
97,838
821
2,100
41,116
12,395
6,934
2,353
20,055
82,853
6,450
11,592
Grants:
Leeds City Council
Pili ng Trust
Harrisons Charity
Llz and Terry Bramall Foundatlon
Wellsprings together
Leeds Church Extension Society
Voluntary Action Leeds (St Lukes Cares)
Friends of the Music of Leeds Minster
LPOW Grant Scheme
Total: Grants
10,000
10,000
7,500
12,000
5,600
7,500
12,000
5,600
300
1,500
300
1,500
38,000
2,459
77,359
38,000
1,522
64,622
937
12,737
Total:
86,219
73,993 160,212
The Charity benefits greatly from the Involvement and enthusiastic support of a significant number of
volunteers, details of whlch are given in our annual report. In accordance wlth FRS 102 the economic
contrlbutlon of volunteers Is not recognised in the financial statements.
4. Charitable Activities
2024
2024
Unrestrict Restricted
ed
2024
Total
Venue hire/premises lettings
Fees
Or
an Recltal income
60,802
7,070
60,802
9,677
2,607
73,961
Charitable Actlvltles- 2023
2023
2023
Unrestrict Restricted
ed
2023
Total
Venue hire/premises lettings
Fees
Or
an Recital income
28,939
9,657
28,939
14,707
3,270
5,050
3,270
14

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
5. Other Trading activities
Current year
2024
2024
Unrestricted Restricted
2024
Total
Car parking
Fundraising
Hospitality
Shop sales
Ro
alties
24,330
402
8,570
1,680
62
24,330
402
9,082
1,680
62
512
512
Prior year
2023
2023
Unrestricted Restricted
2023
Total
Car parking
Fundraising
Hospltality
Shop sales
RO
alties
19,475
405
6,142
1,475
82
19,475
405
6,142
1,475
82
6. Investment income
Current year
2024
2024
Unrestricted Restricted
2024
Total
Divldends
Interest
Investment property income
3,548
1,324
42,292
47,164
3,739
740
7,287
2,064
42,292
52,183
4,479
2023
2023
Unrestricted Restricted
2023
Total
Prior year
Dividends
Interest
Investment property income
1,347
678
29,279
31,304
2,784
201
4,131
879
29,279
34,289
2,985
15

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
7. Other income
Current year
2024
2024
Unrestricted Restricted
2024
Total
Other Income
Insurance claims
Rental property insurance recovered
2,285
3,491
8,457
14,233
5,200
7,485
3,491
8,457
19,433
5,200
Prior year
2023
2023
Unrestricted Restritted
2023
Total
Other Income
Insurance claims
Investment property dilapidations
Re.ntal property insurance recovered
4,683
345
4,750
8,589
18,367
3,504
8,187
345
4,750
8,589
21,871
3,504
8. Expenditure on raising
funds
Current year
2024
2024
Unrestricted Restricted
funds
funds
2024
Total
funds
Hospitality costs
Shop costs
Event costs
Rental Property Service charge
Rental property repairs
2,291
1,053
7,097
4,388
2,830
17,659
12
2,303
1,053
8,191
4,388
2,830
1,094
1,106
Prior year
2023
2023
Unrestricted Restricted
funds
funds
2023 Total
funds
Hospitality Costs
Shop costs
Event costs
Rental Property Service charge
Rental property repairs
2,449
1,999
4,532
9,564
12,680
31,224
2,449
1,999
5,632
9,564
12,680
32,324
1,100
1,100
16

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
Expenditure
Current year
2024
2024
Unrestricted Restricted
funds
funds
2024
Total
funds
Direct charitable expenditure:
Clergy expenses
Parish Share
Service costs
Staff costs
Insurance
Gas
Electriclty
Water
Telephone and Internet
Repairs and maintenance
Choir and music costs
Structural repairs
Legal and Professional
Independent examlnation
Admlnlstratlon
Refuse and hygiene
Health & Safety
Photocopying
Total charitable expendlture
503
64,862
3,060
35,302
23,231
27,115
10,542
755
1,569
26,844
1,547
27,917
9,422
3,600
8,629
2,109
95
4,640
251,742
2,007
2,510
64,862
5,023
57,647
23,231
27,115
10,542
755
1,569
3,186 30,030
31,321
32,868
6,300 34,217
2,000
11,422
3,600
9,455
2,109
170
4,640
70,023 321,765
1,963
826
75
17

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
Expenditure (continued)
Prior year
2023
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
Direct charitable expenditure:
Clergy expenses
Parish Share
Service costs
staff costs
Insurance
Gas
Electricity
Water
Telephone and internet
Repalrs and maintenance
Cholr and muslc costs
Legal and Professlonal
Independent examination
Administration
Refuse and hygiene
Health & Safety
Photocopylng
Total charltable expenditure
1,772
54,557
3,060
16,783
21,601
17,981
9,293
1,624
2,147
6,636
1,772
54,557
5,023
44,789
21,601
17,981
9,293
1,624
2,147
14,436
27,459
20,155
2,160
11,175
2,378
422
2,255
75,487 239,224
1,963
28,003
7,800
27,459
24
20,131
2,160
937
2,378
422
2,255
163,737
10,238
10. Other expendlture
Current year
2024
2024
Unrestricted Restricted
funds
funds
2024
Totsi
funds
Depreciation
Rental property: Insurance
Fees paid over
Other expenditure
3,783
8,457
1,385
4,583
18,208
3,783
8,457
5,466
8,820
26,526
4,081
4,237
8,318
Prior year
2023
2023
unrestricted Restrlcted
funds
funds
2023
Total
funds
Depreciation
Rental property: Insurance
Fees paid over
Other expenditure
6,485
13,625
1,413
1,979
23,502
2,114
8,599
13,625
7,668
5,549
35,741
6,255
3,570
11,939
18

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
11.Employee Information
staff costs in the year amounted to:
2024
2023
Wages and salaries
Social security costs
Pension costs
Total
57,337
150
160
57,647
43,599
1,090
loo
44,789
The average number of employees during the year analysed by funrtion was as follows:
2024
2023
Ministry
Admlnlstratlon
Total
No employee earned £60,000 per annum or more during the year (2023: none).
The charity considers its key management personnel to be the Rector (Rev Canon Paul Maybury, licensed
5th September 2022). Canon Paul recelved no remuneration from the charity but was paid by the Leeds
Oiocesan Board of Finance.
The charlty makes arrangements for a deflned contrlbution pension for its employees. The cost of the pension
scheme to the charity for the year ended 31 December 2024 was £160 (2023: EIOO). There were no amounts
outstanding at the year-end (2023: £nil).
12.
Transactions with PCC Members and Connected Persons
Reimbursements of expenses of £3,289 (2023: £5,258) were pald to 3 members of the PCC (2023:
5 members). A loan of £10,000 was received from one member of the PCC in December 2024 and
subsequently repald to them In the same month.
13. Net Expenditure for the Year
This is stated after charging:
2024
2023
Depreciation
Fees pald to the independent examiner
3,783
3,000
8,599
2,800
19

The Parish of Leeds City PCC
Notes to the Financial Statements For the year ended 31 December
2024
14.
Tangible Fixed Assets
Land and buildings Equipment
Total
Cost or valuation:
At l January 2024
Addltlons
Revaluation
At 31 December 2024
180,000
63,156
2,256
243,156
2,256
40,000
65,412 285,412
40,000
220,000
Depreciation:
At l January 2024
Charge in the year
At 31 December 2024
53,498
3,783
57,281
53,498
3,783
57,281
Net Book Values:
At 31 December 2024
At 31 December 2023
220,000
180,000
8,131
9,657
228,131
189,657
In November 2015 a lease for 150 years was signed between The Leeds Diocesan Board of Finance, The PCC
of Leeds City Ministry Team, the Bishop of Leeds and Yelcon Ltd in respect of the land and buildings within
the St Peter's precinct. Under the terms of this lease, it was transferred on 30th November 2018 to the Leeds
Diocesan Board of Finance acting as Custodlan Trustee for the Parochial Church Council of the Parish of
Leeds City (Leeds Minster)
The land and buildings within the St Peter's precinct, include a flat used by the Caretaker and owned by the
charity and has been valued by the Trustees during the year. Thls valuatlon has been arrlved at by assessing
the current market rate for slmilar properties.
15. Investment property
Leasehold
land and
buildings
Cost or valuation:
At I lanuary 2024
Revaluation
At 31 December 2024
595,000
47,674
642 674
Net Book Values:
At 31 December 2024
At 31 December 2023
642 674
595 000
The land and buildings within the St Peter's preclnct Includes office space owned by the charity let to
commercial tenants and 11 flats which have been granted a lease of 125 year5 With a ground rent being
paid to the charity.
The valuation of the property has been reviewed by the Trustees in the year and revalued based on expetted
income streams and current prevailing market conditions.
Investment property has a historical cost of £575,000 (2023- £575,000).
20

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
16. Investments
Unrestricted
Restricted
Endowment
DBF as Custodian
Trustee
Held by the parish of
Leeds City
Market
Value at
31 Dec
2023
Gains/
(losses)
during
the year
Acquisiti
ons/
Transfers
Disposals Market
value at
31 Dec
2024
Histori
c Cost
Church Fund:
Tennant legacy-
CBF I/F 576 units
Sunday School
CBF I/F 188 units
Poor Children Fund
30/0 Birmlngham
Corp'n 337.5
3.5010 Hull Corp'n
360.8
UM
13,020
497
8,703
22,220
7,992
RC
4,249
97
4,346
1,805
EC
175
235
175
235
240
313
EC
17,679
594
8,703
26,976
10,350
st Mary the Virgin
Maintenance Fund
CBF I/F 1318 units
Choir Fund:
CBF I/F- 174 Un5ts
Edwin Woodhouse
End.
CBF IIF - 120 Units
RC
29,794
682
30,476
1,312
RC
3,933
90
4,023
2,355
EC
7,035
161
7,196
1,470
40,762
933
41,695
Holy Trlnity:
CofLPCC-CBFI/F
385 units
RM
8,703
(8,703)
8,703)
2,160
2,160
Total investments
Unrestritted
Restricted
Endowment
Total
13,020
46,679
7,445
67,144
497
869
161
1,527
8,703
22,220
38,845
7,606
68,671
5,832
7,632
2,023
15,487
(8,703)
8,703
(8,703
Listed investments have a historical c05t of £18,875 (2023: £18,875).
21

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
17. Debtors
2024
2023
Trade debtors
Prepayments
57,473
798
58,271
26,979
348
27,327
18. Creditors= Amounts Falling Due Within One Year
2024
2023
Trade Creditors
Accruals
Deferred Income
4,579
9,070
30,322
43,971
12,105
12,760
16,291
19. Analysis of Net Assets by Fund
Unrestricted Restrlcted Endowment
funds
funds
funds
Total
funds
Current year
Tanglble flxed assets
Investment property
Investments
Net current assets
228,131
642,674
10,019
103,555
984,379
228,131
642,674
68,671
172,047
1,111,523
51,046
68,492
119,538
7,606
7,606
Prior year
Unrestricted Restricted Endowment
funds
funds
funds
Total
funds
Tangible fixed assets
Investment Property
Investments
Net current assets
183,771
595,000
21,722
88,708
889,201
5,886
189,657
595,000
67,144
185,699
1,037,500
37,977
96,991
140,854
7,445
7,445
22

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
20. Movement in Funds
Current year
Balance
l January
2024
Income
Expenditure
Net
gain/{loss)
on
investments
Transfers
Balance
31
December
2024
Unrestrirted funds:
General Church funds
Designated funds
Total Unrestricted
funds
889,201
290,486
723
(283,263)
88,171
{80,592)
79,653
904,003
80,376
889,201
291,209
(283,263)
88,171
(939)
984,379
Restrirted funds:
Choir & Music
Choral Scholarships
Sunday Schoo
Organ related
Flower fund
Restricted projects
St Mary repair
Total Restricted funds
22,440
57,544
4,165
9,055
(71)
11,051
36,670
140,854
12,378
9,143
259
10,838
2,238
23,286
681
(33,724)
(21,012)
(193)
(5,849)
(1,081)
(20,088)
90
939
2,123
45,675
4,328
14,044
1,086
14,249
38,033
119,538
97
682
58,823
(81,947)
869
939
Endowment funds
Edwin Woodhouse St
Mary Choir
Poor Children fund
Total Endowment
funds
7,035
161
7,196
410
410
7,445
161
7,606
Total funds
1,037,500
350,032
365,210
88,171
1,111,523
23

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
20. Movement in Funds (continued)
Purpose of funds
Restricted Funds:
Choir & Music - funds for the use of the choir.
Choral Scholarships
funds from a legacy received in 2019 glven speclflcally ft)r Choral
Scholarships and augmented during the year by Grant funding.
Sunday School
For the work and ministry of the Leeds Parish Church Sunday School now
operating under the name of "Family Church"
Organ related - Organ Scholarships and support for the Organ recital series provided by a grant
from the Bramall Trust.
Flower fund - For the provision of floral decoration to enhance servlces of worshlp and funded by
individual restricted donations.
Restricted projects - A fund used to hold donations and grants for specific small to medium repalr,
renewal and missional projerts.
St Mary Repair - funds held in the CBF Church of England Investment Fund for the maintenance
of St Mary's Church together with resldual funds restricted to the St Mary Choir.
Edwin Woodhouse Endowment The resldue of a legacy made by Edwin Woodhouse for the
support of the choirs of St Mary and St Peter. The Income from the investment is directed to the
Leeds Minster Choir fund.
Poor Children fund An endowment fund being the resldue of a 19th Century legacy In the name
of Miss Walker. No record of this charity ha5 been found and it is assumed to be dormant. I due
course, it is proposed that a scheme be presented to the Charity Commlssion In order to disburse
this fund to an appropriate charity.
Designated Funds:
Deslgnated funds are to assist the Minster with matched fundlng appllcations.
24

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
20. Movement in Funds (Continued)
Prior year
Balance
l January
2023
Income
Expend-
iture
Net
gain/(loss)
on
investments
Transfers
Balance
31
December
2023
Unrestritted funds:
Church funds
Total Unrestrirted
funds
902 678 202 065
218 766
889 201
902 678 202 065
218 766
889 201
Restricted funds:
Choir & Music
Choral Scholarshlps
Sunday School
Organ related
Flower fund
Restricted projects
Holy Trinity project
St Mary repair
Total Restricted
funds
16,736
65,254
3,885
8,051
255
5,500
2,385
47,837
7,500
119
10,350
957
20,638
381
(47,382)
(15,279)
(204)
(9,346)
(1,283)
(15,088)
(24)
338
4,911
70
22,440
57,545
4,165
9,055
{71)
11,050
365
54
(2,796)
138 749
140 854
Endowment funds
Edwin Woodhouse St
Mary Cholr
Poor Children fund
Total Endowment
funds
6,430
410
605
7,035
410
6,840
605
7,445
Totsl funds
1 048 268 290 867
307 372
1 037 500
21. Net Cash provided by / (used in) Operating Activities
2024
2023
Net movement in funds
(Gains) on investments
Revaluation of fixed assets
Depreciation charge
Income from investments
(Increase)/Decrease in debtors
Increase/
Decrease) in creditors
74,023
10,768
(49,201) (5,737)
(40,000)
3,783
8,599
(51,643) (34,289)
(30,944)
67,382
19,106
8,574
(74,877)
33,761
25

The Parish of Leeds City PCC
Notes to the Financial Statements
For the year ended 31 December 2024
22. Comparative Statement of Financial Activities for the year ended 31 December 2023
Unrestricted Restricted Endowment 2024 Total
Funds
Funds
Funds
Funds
Income from:
Donations and legacles
Charitable activities
Other trading activlties
Investment
Other income
Total income
86,219
38,596
27,579
31,304
18,367
202,065
73,993
8,320
160,212
46,916
27,579
34,289
21,871
290,867
2,985
3,504
88,802
Expenditure on:
Raising funds
Charitable activities
Other expenditure
Total expenditure
Net income /(expenditure)
before other recognised
gains
31,224
163,740
23,802
218,766
1,100
75,567
11,939
88,606
32,324
239,307
35,741
307,372
(16,701)
196
(16,505)
Transfers between funds:
1,410
(1,410)
Other recognised gains
Realised and unrealised gains
on investments
Net movement in funds
1,813
(13,478)
3,319
2,105
605
605
5,737
(10,768)
Reconclllatlon of funds:
Total funds b/fwd
Total funds c/fwd
902,679
889,201
138,749
140,854
6,840
1,048,268
1,037,500
23. Capital Commitments
There were no capital commitments at the current or preceding year end.
24. Commitments under Operating Leases
At 31 December 2024 the PCC had total commitments under non-cancellable operating leases as follows:
Office Equipment
2024
2023
Expiry date:
Within one year
Between one and five years
1,827
1,827
3,654
1,827
3,654
5,481
26