REGISTERED CIIARITY NUMBEIL. 1136055 Report of the Trustees and Un&udlted Flnandal Statements For The Year Ended 31 December 2024 for The ParoehiRI Church Councll Of The E¢cleslastl¢al Parl$h Of Brldllngton Sl. Mary Charlas A. Wood & Co. Charter1 Accountants 15 Prospect Strcct Bridlington East Yorkshire Y015 2AE
The Ecduiastical Parish Of Contents of the Financial Ststements For The Year Ended 31 December 2024 P*ge Report ofthe Trnsttts Independent Examlner'i Report StatemeDt of FIndl Aetfvidu BAIAn¢¢ Sknt Ch Flow Statement N¢)tes to the Cath Flow Stalement io Notss lo the FIlldI1 SlatemeDts 11 to 23 DdAlled Statement of FIDaDd Aetfvli 24 to 25
The Parochia] Church Council Of The Ecclesiastical Parlsh Of Bridlington St. Mary Reference and Admlnlstr2tive Detsll$ For The Year Ended 31 Deeember 2024 TRUSTEES Revd Neil Bowler- Rector Revd Christin¢ Strand (resigned 9.8.2024) Revd Jean Fowler Paul Koker-Treasurer Anthony Haiford- SecJC.warden Helen Hughes- Churchwarden Yvomie Kurvits- Churchwarden Judy Brameld David Watson E]izabeth Boardman Ron Broadbent Brian Goodall (deceased 8.4.2024) Lynne Koker Mark Kunz Margaret Watson Richard Burrell (apEKJinted 15.5.2024) David Pountney (appointed 15.5.2024) Linda Silverman (appointed 15.5.2024) MicheJl¢ Stephens (appointed 15.5.2024) Kay TrdV&S (appointal 15.5.2024) Revd Claire Stubbs (appointed 29.6.2024) PRINCIPAL ADDRESS The Prlory Church Officc Bridlington E&st Yorkshire Y016 7JX REGISTERED CHARITY TAUMBER 1136055 INDEPENDEiYf EXAMINER Charles A. WO & Co. Chartered Accountants 15 Prnspect Str¢¢t Bridlington E&qt Yorkshire Y015 2AE Page I
The Parochl81 Chureh Couneil Of The Eccleslasdcal Parish Of Bridlington St. M Report of the Trnstee5 For Th¢ Year Ended 31 Deeeml)er 2024 The truslees prent their rqjort with the financial statements of the chaTity for the year ended 31 Dc¢¢mE 2024. The trustees have adopted the provisions of Accounting and Reporting by chitIes. Statemenl of Recommend Plxctice applicable to clwities preparing their accounts in accordance with the Financial Reporting Stan(latd applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The Parocbial Church Council of the Ecclesiastical Patish of Bridlington St Mary will be referred to hereafter as "the pcc" The Priory Church of St Mary Bridlington will be refeed to hereafter as nd1]ngton Priory" or Ihe Priory.. The Ecclesi&stical Parish of Bridlingion St Mary will be referred lo hereafter &$ 'ihe Priory parish" Bridlington Priory is situated in Church Green, Bridlington. It is part of the Di0¢&8e of YO within the Church of Engian(L The ReverendNeil Bowler is the incumbent. Objectives and aims The PCC'S piinwy object i5 tbe promotion of the Gospel of our Lord Josus ChTiSt according to the doctrines and practices of the Church of England. It has the responsibility of co-operating with the incumbent in promoting in the ccclesi&8tieal paTisl4 the whole mission of the Churc]4 pastoral, evangelistic, so¢ial and ecumenical. The PCC is specifically rwonsible for the maintenance of the Priory and the Church Rooms complex at Church Green, Br1dlingto Y016 7JX. The PCC is committed to enable as many people as possible to worship at our church and become part of our parish commimity at Bridlington Priory. The PCC maintains an OVeieW of worship ihroughout the parish and makes suggestions on how our service8 can involve the many groups that live within OUT pish. Our s¢rYices alld worship put faith into practice through prayer and sCriPtur4 music and sacrament. To facilitate this work it is important that we maintsin the fabric of the Priory and the Church Rooms. Public benefit The Trustees bave compli&l with the duty in Section 17(5) of the Charities Act 2011 to have regard to the ChaTity Commission guidance on public benefit in the provision of ils activities. When planning our ¥tivities for the year, the incumbenL and the PCC have considered the Commission's gutdance on public benefit and, in particular, the specific guidance on clwiti¢s for the advancement of religion. In particular, we ty to enable ordinary pe4)ple to live out th¢ir faith as part of our parish community through: - Worship and prayer, learning about the Gospel. and developing theiT knowledge and tsust in Jesus. - Provision of pastoral care for people living in th¢ parislL - Missionary and outreach work. Volunteers Apart from the Incumbent and Organist who arc pai(L the Priory reli on the ¢I)ntinu support of its unpaid volunteers. We would like to thank everyone who works so hard to make our church th¢ lively and vibrant community it is. Page 2
The PAro¢bknl Chureh CouDiiI or The Parish Of Bridlington SL Mary For Th¢ EDded 31 Ik¢ember 2024 Charitable activit ors dP The most significant evart in the lift of BTidJington Priory was the fll)alisation of the Pastordl rlsation of the parssh boundaries within the Briillington Deanery. The rasult of this has beM thal both the geographic and the numerical siz4 of the Bridlington Priory PaTisI h&$ sigtiificantly increas&t Prayer walks around the new parts of the parish took pl, wbich included the dropping off of leafi&s aLx)ut the changas to the Parish church boundaries. Moming prdyer tskes place Monday.Thursday and Satsjrday * 9am in St Jobn's chapel.ThC is a Wethesday Holy Communion at l(kn. Three servicas are held in the Priory on sunda 8:(M)am Holy Communion (BCPI 10:30am Principal ServiK and 6:30pm Evensong. The Principal Se1¢e takes the fonn of PaTish Communion (sung euclwist) on the ty Secon fourtb and fifth wbere applicable. Matins is on the third Sunday of the rnonth. On the third Sunday the 6:30pm Service is Sung Eucharist. The robed choir and organist make a significant contribution in the Chor41 Tradition of the chUh at the 10:3(kn and 6:30pm s¢rvices. The Principal Service is streamed live on the Frifflds of Bridlington Priorfs FxeFK)ok page and attts regularly over IIYJ viewers every we¢L Here to listen a cuppa, w&8 relauncbe4 giving spaLz for pwle to be together at the back of church every Tucsday between I lam.Iprn. Free refr&shments are served. This has Proved to be very FM)pular EM)th with local residents and also t]Se visiting Bridlington Priory. A Messy Church Service is hdd once per month on Friday afternwns in the church r(N)ms with an average atten of 15 children and 15 adults. Volunteers from the congregation stream prayers on the ¢hureh F&ebook p3ge on Vdrious days through the week As well &q our regular church servic¢4 we al enable our community to celebrate and thank G1 at the mil&%toDes of the journey through life. Through b¥ism we thank God for th¢ gift of lif< in matria8e public vows are exchang with God's bleing and through f[¢[al services friends aThd farniiy exprw theit gtief and give thanks for the life which is now complete in this world and to con]mend the person into G(,$ keeping. We have cel¢brat¢d 40 baptisms and 10 weddings and our ministy team have officiated at 63 funer seNiits (32 chUh & 31 crematorium) during 2024. The Priory a si11ficant civic role in the lift of BridlingtoiL wel¢oming the RNLI to the amiu21 Gre Gale seryi¢e in F¢bruary and holding the Mayorfs civic Service in October. Sevual I41 schrK)Is also used the Priory throughout the year for educational visits and alw for their Eastez and Christmas servic. The annual awants ceremony of the East Rlding College also takes place each year in Iktober. The Priory welcomed Reverend ClaiTe Stubbs as its new curate in June and we said farewell to Revmd Christine Strand in August, who moved to take up a new role in the Christ Church Bridlington Netwo. Pastoral Care The Priotys contribution to the ILKai o)mmuDity is not confined to religio$ services. The Education Dcpartmcnt at East Riding of Yorksbire Council continued usyng the church on wm¢ weekdays for one-tovone tuition (from which the Priory received a fee). The Rooms were in almost constant use in weekdays from kn to 8 or 9pm. The users wcre local groups with varying levels of attachment to the Churc including unifornied youth orgtitiisions. The Rooms are seth &q part of the Priotys giving kn the parisb. Ial families al use the cburch [[ for childrn's partie5. Page 3
The Parochlal Church Council or The Eccle5iAstical Parish Of Brldllngton St, Mary Report of the Trnstee5 For The Year Ended 31 Dember 2024 Our weekly Wednesday Luncheon aub continued with the voluntary help of a professional caterer. This has prov1 very popular over the years especially with elderly and isolated people. We welcomed three new volunteers who regulaTly conlribute to mak¢ the lunch club polble. An active Pastoral Catt Team continued to meet during the year. Their activiti&s involved rwlar phonc calls to congregation members who could not attend Church. visits and the taking of Home Communion to congregion m¢mbers, visits to hospital and general p&storai support. There h&$ also been an increase in regular care home Se]C which are conducted jointly with other churches acro th¢ Bridlington Deanery. Two members of the PCC sat on the deanery synod during 2024. This provides the PCC with an important link between the Priory parish and the wider structures of thc church both in the Deanery and the Diocese. Clergy take the Eucharist to lo¢ homes. Clergy and lay people also lead services at residential horn and our clergy are closely link1 and havc very gd relationships with a]1 of our local ¥chools, which includes regularly taking &ssemblics, Many of the Priory congregation contribute financial support and time to the Dean¢ry's Hope Housing scheme whieh provides housing for men who would otherwisc be homeless. FtNAIYCIAL REVIEW Flnandal posldon The outgoing resources exceei1ed the in¢oming resources during the year by £9,390. In 2024 the charity h&8 been notified of £1,000 from legacies (2023 - £425,000). Th¢ Charity has net assets of £1,560,410 of which unrestricd reserves amount to £565,419. Cash at bank and in hand amounted to £747,108 at 31 December 2024 (2023 - £512,155). Prln¢lpal fundlng sour Donations are the main source of fvnding for the Bridlington Priory. Reserve8 polley The PCC is concerned about thc financial costs implicit in holding a building of the age and beauty of the Pri¢Xy. General liquid Reserves of around 6 months regular expenditure are currently held. It is felt that the ourrent level of reserves held is necary both in order to kcq) the Priory in good rqHir and to make the Priory fit for tuTe puryose while at the same time honouring our Commitment to w0hip and mission. Further funding may be required to update the facilities of the building. The R&serv¢s Policy will be reviewed annually. At 31 Dllber 2024, th¢ free Kservas wffe £565,419 (2023 - £580,525). FufuRE PLAIYS FUtll plans are to provide both refrbrnent and toilet facilities in church. The plans for these will be fonned following meetings of the PCC and disCU10n$ with the congregation at thc Annual meeting and then an away day of the PCC. Plans will then be drnwn up following these discussions and then will be publicly displayed to th¢ COngatIon and the mmunity for feedbacK before then going fonvards to seek pern]i&8ion$, grants and fundrnising. A giving campaign will take place in Ea8ter 2025 whtch will also hOfUllY include the relaunch of the Triends of Bridlington Prioty. This is to ty to ensure the financial stability of the church long t¢nn to give opportunities for further mission and groth of God's kingdom in Bridlington. STRUCTURE GOVERNANCE AND MANAGEMEIYT GoverDIDg document The Charity is controlled by the Parochial chUh Councils (Powers) Mcasure 1956 as amended and the Church Representation Rules, Page 4
The Paro¢bial Church CouDal Of The EcdesiastieAI ParAsh Of Bridlington SL Mary eport of the Trnstees For The Year Elld 31 December 2024 Organisational structure The method of appointment of PCC Members is sel out in the Church Rq>ra5entstion Rules. At Bridlington Priory the membership of the PCC CO81S of the incumbenl A&wie Miniu, Deaco churchwarden& C(opted )neM and memb¢rs elect by thosc mcmiKrs of the congregation who are on the electoral roll of the thurch. All those who att¢nd our services I members of the congrryttion ¢ncouraged to regist¢r on th¢ El¢thoral Roll and stand for ¢l¢ction to th¢ pcc. The PCC members are reswible for making dwisions on all matters of g¢ner81 conwn and im•C¢ to th¢ parish including deciding on l)ow tbe fimlts of the PCC are to be sptht. The full PCC IS met 9 times in 2024. The PCC three committees which ar¢ responsible to the PCC and rqx)rt back to it with minutes of their deliberations being re1ved by the fu]1 PCC and discu as nece&wy. They are the: Standing Committee This consists of the incumbent, ¢hurchwardens and secrdary and may transact the PCCS business bdween meetings of the PCC in accoTthce with the Church RepretatiOn Rul&s Part 9, Rule M31. Thcy are limited to discussing the govemance of the churth and maknng such thisions as implementing legislative rquirements and large outlays of money. The Stsnding Committe£ is only convened as and Wh b. Oper*ions Committee This consists of the itKumbenL churChWarda and s•. Its PU is to distu&s practic day.t(HJay mattets which would otherwise take up too Much of the full PCCS time. It mcets monthly and has a nHximum budget of £l,O(Ki per individual item of eXPdIture. This consists of the incumFtht and tre&suru, &s well &s other trUe&S who have a partiallar iDterest in finance . purpose is to disa$ the budgets and fllw)¢ial matt¢TS which would oth¢rwis¢ tak¢ up too much of the PCCS tim& Induction and training of Dew trustees In house training is provided fortntstees and volunteers. Risk DLqDagement The trustees hav¢ a duty to identtfy and review the risks to which the Priory is exposol and to ensure appropriate controls are in plac£ to provide reasoDknle &&surance against fraud and ernr. A budgd is set by the Finance Conm)itt¢e and approved by the Board of Trustees annually. th8 ensuTing an active review of the major financial risks which the cl]arity faces on a regular b&sis. The tnLSteas believe that th¢ maintenance of ra%erves at the levels stated in the report and the Insur p)Iicic5 held by the cl]aTity have mitigat1 the cl]ariWs exw to the financial risks. Approved by OTder of the iM)ard of trustecs on 9 April 2025 and Sign on its behalf by: Revd Neil Bowltt- Rector- TTUStee Page 5
Independent ExAmlner's Report to the Trnstees of The Parochial Church Council Of The E<desiastical Parish Of BridliDgton St. Mary Independent examiner's report to the trustees of The Parocbial Church Coundl Of The Eedesiasllcal Parish or Bridllngton St. Mary I report to th¢ tharity trnstees on my examination of the accounts of The Parochial Church Council Of Th¢ ]laStiCal Parish Of Bridlington St. Mary (the Tnt) for th¢ year ended 31 December 2024. Rwonsiblllties and basis of rewtrrt As the charity tnjstees of th¢ T you are resEx)nsible for the preparation of the accounts in accoTthcc with the uirements of the Charities Act 2011 ('th¢ Act,). I report in respect of my examIOn of the TTUSt's accounts canied out under Section 145 of the Act and in CayIng out my examination I have followed ail 8pplicabl¢ Directions given by the Charity Commission under Section 145(5Xb) of the ACL Independent examiner's statement I have completed my examination. I nfirnl that no n]afrrial matteTS have come to my attention in connection with the examination giving me cause to lieVe that in any material re8pe¢¢: accounting records wer¢ not kept in rwect of the Trnst as required by Section 130 of the ACL. or the accounts do not accord with those records. or the accounts do not ¢omply with the applicable requirements con¢¢rning the fonn and content of accounts set out in the Charities (Acc(Junts and ReFrfYrts) Regulations 2(K)8 other than any requirement that the accounts give a tTue and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come rosS no other matters in connection with the examinatson to which attention should be (hzwn in this report in order to enable a proper UndersdIng of th¢ a¢nts to be reached. A W Ingham Bsc FCA cfA a membeT of the The ]nstitute of CIWter Auntants in England and Wales Charles A. Wood & Co. Chartered Accountants 15 Prospect St Bridlington East Yorkshire Y015 2AE 9 April 2025 Page 6
The Parochlol Chur¢h Coun¢il Of The Ecdesiasti¢al PaTish Of Bridlington St. Mary StatemeDt of FinanciAI Activities For The Year Ended 31 December 2024 2024 2023 Total nds unrestrict Restricted funds funds Endowment funds funds COME AM) ENDOWMENTS FROM Donations and legaci&s 104,697 8,545 113242 508,384 Other trading a¢tivities tnvestment income Other income 39,789 6272 30,457 39,789 20,628 30,457 36,623 46,454 30.079 11,178 3,178 Total 181,215 19,723 3,178 204,116 621,540 EXPENDTTURE ON Raising funds 17,471 4,832 22,303 17,093 Charitable activitie8 Priory & Church Rooms 186J82 27,571 213,953 223,760 203,853 32,403 236,256 240,853 N& gains on investments 19,410 3J40 22.750 28,171 NET INCOIW(EXPENDITt]RE) Transfers btheen funds (22,638) 7,531 6,730 117,023 6,518 (124,554) (9,390) 408,858 19 Nel movement in funds (15,107) 123,753 (118,036) (9390) 408,858 RECOIYCILIATION OF Tolal funds brought forward 580,525 836,148 153,127 1,569,8(X) 1,160,942 FORWARD 565,418 959,901 35,091 1,560,410 1,569,800 The notes form part of these financial slatements Page 7
The Parochial Church Cowid or The Fxdd*stital PAri5h Of 31 De¢allber 2024 2024 2023 Total funds funds FIXED ASSETS Tangible &8sds Investments 14 15 350J59 350359 355,477 537,854 414,875 28,071 350J59 414,875 28.071 793J05 893,331 CURRENT ASSETS Stocks Debtors Cash at bank 16 17 8278 18,554 208,171 8278 31,666 747,108 8,614 188,462 512,155 13,112 531,917 7.020 235,IX)3 545,029 7,020 787.052 709,231 CREDITORS Amounts failing due within one year 18 (19,943) (4) (19,947) (32,762) NET CURRENT Asswrs 215,(h50 545,025 7.020 767,105 676,469 TOTAL ASSETS IISS CURRE1 LIABILITIES 565,419 959S4)) 35.091 1,560,410 1.569,800 NET ASSETS 565,419 959,9(Ml 35,091 1,560,410 1,569,800 19 Unrestricted funds ReriCted fimds Endowment funds 565,419 959,9(Kl 35.091 580,525 836,148 153,127 1,560,410 1.569,800 The financial ststemcnts were approved by the Board of TTUStees and authorised for issue on 9 April 2025 and were sId on its behalf by: Revd Neil Bowler- Rector- Th¢£ The not&s forni part of these financial statemmts
The Paroehi41 Church Counal Of The Ettlesiastic41 Parish Of Bridlington SL Mary Cash Statement For The Year Ended 31 Deeember 202A 2024 2023 Notes Cash floivs from operating activities Cash generated from oiThtioiis 114,117 238,575 Nd cash PTovideAI by ojxrating activities 114,117 238575 Cash flows from Investing adivities Purchase of tangible fixed ass&s Saic of fix investments (1,057) 117,658 Net cash provid byl(used in) invasting activitias 117,658 (1,057) Cash flows froln financing activities Incom¢ attributable to endowment 3,178 3,943 Net cash provided by fjnancing activiticg 3,178 3,943 Change in c*sh and ¢ash equivalents in the reporting period C8$h ¢48h eqvfvets at the 234,953 241,461 512.155 270.694 Cash aud ¢ash equivalents at the eDd of the rePOrth period 747,108 512,155 The notes forn] of financial slatements Page 9
The Paroebial Cburch Council Of The E¢¢lesla5tlcal Parisb Of Brld]Ington SL Mary Notes to the Cash Flow Statement For The Year Ended 31 December 2024 RECONCILIATION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expendltur¢yln¢ome for the reportlng period (as per the Ststement of Financial A¢tfvilles) Adjustments for: Depreciation charges Gain on investments tncome attribut8bl¢ to endowmcnt Dec&e/(lncreaSe) in stocks Decreasel(in¢r¢ase) in debtors (Decreaseyincr¢8se in ¢reditOTS (9,390) 408,858 5,118 (22,750) (3.178) 336 156,796 {12,815) 11,202 (28,171) (3,943) (2,183) (150,990) 3,802 Y4et cash provlded by operadon8 114,117 238,575 ANALYSIS OF CHANGES IN NET FUNDS At 1.124 Cash flow At31.12.24 Net cash Cash at bank 511155 234,953 747.108 512,155 234,953 747,108 Total 512,155 234,953 747,108 The notes fonn part of these financial statements Pag¢ 10
The Paro¢11 Church Council Of The Eeclesi4stieal Parish Of BrldliDgton SL Mary Notes to the Finanelal Statements For The Year Ended 31 December 2024 AccoiNllNG POLICIES BAS16 of pr¢parill8 the financial sthtejnents The financial statements of the charity, which is a public benefit entlty under FRS 102, have been prepared in accordance with th¢ Charities SORP {FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102) (effective l January 2019),, Financia] Reporting Standard 102 The Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland,, the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, governing the individual accounts of PCC'S. The financial statements havc been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is rt8p)nsible in law. They do not include the accounts of chureh groups that ow¢ their main atriliation to 8n()thcr body nor those that are infonnal gatherings of church members. Income Planned givin& collections and donations are recognised when received by the PCC. Income Tax recoverable on gift aid is recognised when ihe income is recognised. Grnnts and legacies are accounted for as soon as the PCC is notified of its legal enlitl¢m¢nt and the amounts can be measured reliably. Rental income is recognised when the tal is due. Interest and dividends are accounted for when re1V. Expendlthre Liabilities are recognised as expcnditure as soon as there is a Icgal or constru¢tiv¢ obligation committing the charity lo that expenditur< it 15 probable that a trdnsfcr of economic benefits will be required in settl¢mcnt and the amount of the obligation w] be me&sured reliably. Expenditure is accounted for on an accruals basis and has been Glassified under hcadings that aggregate all cost Telated to the category. Wherc costs cannot be dir¢ctly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TAnglble fixed a88 Depreciation is provided at the following annual Tatcs in order to WTitc off each &ssd over its estimated uscfijl life. Freehold propety Fixtures and fittings Office equipment Computer cquipment not provided 150/0 on cost 33V/o on cost Stocks Stocks are valued at the lower of cost 2nd net realisablc valu¢ after making due allowance for obsolele and slow moving items. Taxadon Th¢ chaTity is exanpt from on its charitable activities. Fund aceountln8 Unrestricted fimds can be used in accordan with the charitsble objedives at the dIsl0n of the trustees. Restricted funds can only be used for particular restricted puryN)ses witbin the objects of the charity. RiCtiOnS arise when ¢¢ified by the donor OT when fimds are rdised for particular restricted purposes. Further expl80ion of the natUT¢ and puw¢ of each fund is included in the notes to the financial ststemcnts. Pagc 11 continued...
The EleslaStiCl Parish Of Biydlingthn SL Mary For The Year Ended 31 Dettmljer 20 ACCOUNTING POLlCtFS. ¢ODtinued Pension costs and other post.r&iremeth belfits The charity opuat&8 a defmed contniJutiOD paion scheme. Cmtiibutions payable to the ch1$ pension heme ar¢ charged to the Statement of Financial Activities in the peri¢ to which thry relat& DONATIONS AND IGAC[F5 2024 2023 Parisb giving scheme and other planned donations Income tax re£overable Freewill offering Opffl plate collectioL8 Sundry donations 31,210 11588 20,963 20,5(KI 19,185 27,827 10526 12,019 16,618 12,460 425,000 2,209 1.725 4JlO 1,789 1,697 Income from Votive candle Employment lOWanCe 113242 508,384 The PCC adMIered colltionS from fimcrals and other cvents &s agent on Edlalf of wificd nominated third paTty chariti&s duTing the year of £5,162 (2023 - £5J59). These collections are banked into the PCC g¢nerai bank ac¢ounL before payment is ma(k to the nominated clwity. Amounts ¢olle¢ted as agent are not refiected in the Statemeni of Financial ActivitiC5. 2024 2023 Shop income Coffee Parish magazine Church and church I1 lettings Fétes and bazaars 12,475 1,461 1,186 6,330 3,619 14.718 14,272 1575 677 5,794 2,957 11,348 39,789 36,623 2024 2023 Net Tental income receivabl¢ Dlvidends and inter&st 15.1KK 31,454 14,628 20,628 46.454 Page 12 continued...
The Parochial Church Coun¢RI Of The Ecclesla8tieal Parish Of Bridlington St. Mary Notr$ to the Financial Statsments- continued For The Year Ended 31 December 2024 OTHER INCOM 2024 2023 Wedding and fimeral fees 30,457 30,079 1141SING FUNDS Ralslng donallons and legacles 2024 2023 Church shop purchases Concerts and events Stockbroker fees 8272 9,199 4,832 6,455 6,937 3,701 22,303 17,093 CHARABLE ACTIVITIES COSTS Direct Costs (see note 8) Support costs. (see note 9) Totals Priory & Church Rooms 205,586 8,367 213,953 DIRECT COSTS OF CllARrrABLE AcfIviTIES 2024 2023 Staff costs Diocesan freewill offering Clergy housing Vergero fees YDBF fees re 0¢10n81 office Church insurdnce Rooms insurance Light and heat General repairs Room Tcpairs Music and organ tuning Choir expenses Churchyard upkeep Sundry expenses Website Cleaning and water rates Bell ringers Flower purchases Messy church cxpenscs Dq)Teciation 24,036 72.oc 230 91X) 13,749 14,696 1,336 26,293 20,237 6,980 10,332 1,208 1,422 4,905 20,650 72,0 396 975 11,775 11,615 1,538 23,721 42,160 720 9,252 1,495 2,167 4,495 453 624 730 283 530 510 375 5,118 11,202 205,586 215,968 Page 13 continued...
The Paro¢bial Church Council Of The Ecdesia$til Parish Of Bridllngton SL Mary Notes to the Flnaneial Statements- continued For The YeAr Ended 31 December 2024 SUPPORT COSTS Governance Costs FiJ)anc¢ Totsls iory & Church Rooms 748 7,619 8,367 10. INDEPEIYDEI¥4T EXAMINER 2024 2023 Fee payable to Clwles A Wood & Co for carrying out the Indq)endent examination (including VAT) Payroll service charge paid to Charles A Wood & Co (including VAT) Fee payable to Mr S Gibson for carrying out the Independent eL8mination for 2022 2,520 187 2,400 180 (50) ii. TRUSTEES, REMUNERATION AND BENEFITS There were no trnst¢es' temun¢ration or other benefits for th¢ year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses Administrative expenw of £4,687 (2023 - £2,914) have been reimbur] to 14 (2023 - 7) of the tntstees. 12. STAFF COS73 2024 2023 Wages and salaries Social security Costs Other pension costs 21,870 1,697 469 20,230 420 24.036 20,650 The average monthly number of employ¢¢s during the year w&8 as follows." 2024 2023 Organist No employees received emoluments in excess of £60,IKx). The Jncumbent Is remunerated directly by the Diocese of York. No remunerdtion is included in the Statement of Financial Activities as there is no liability for the PCC. Page 14 continued...
The Paroebial Church colln Of The EcdesiasticAI Pari%h Of F40tss to the Financi Statements- tonthiued For The Year Ended 31 D¢remb¢r 2024 13. UnT&stricted Restrictol Endowment funds Donations and legacies 226,604 281,780 508J84 Other trading activities Investment income Other income 36,623 16,708 30,1Y79 36,623 46,454 30,079 25.803 3943 310,014 30783 3,943 621,540 Raising funds 13J93 3,7(M) 17,093 Ch4rAt4ble 4¢tivities Priory & Church Rooms 181,039 42,721 223,760 Totsl 194,432 46,421 240,853 Net gains on invasttnents 16,799 11,372 28,171 NET INCOME TraDsfers between funds 115582 2T7,961 (740) 15,315 740 408,858 N£* m0venllt In funds 115582 277221 16,055 408,858 RECONCILIATION OF FUNDS Totsl ndS brought forward As previously reported Prior year adiustinent 579,942 (115,LKrfJ) 558928 137,072 1275,942 (115,(KMI} restated 464.942 558,928 137,072 1,160,942 580524 836,149 153,127 1,569,800 Pagc 15 continued...
Tb¢ Parochi Clmrch Council Of The Ecclesiastical PArRsh Of Note8 to tbe FInala1 Statements. tontinned For The Year EDded 31 Detember 2024 14. FTeehold Computer ipment equipment Totals COST At l January 2024 atMI 31 December 2024 350,( 72350 7,471 1,057 430,878 DEPRECIATION At l January 2024 Charge for year 67583 4.767 7,469 349 349 75,401 5,118 At 31 Dernber 2024 72350 7.471 698 80,519 ET BOOK VALUE At 31 Decernber 2024 350,(MXI 359 350,359 At 311)e¢ember 2023 350.IM) 4.767 708 355,477 The financÈal statements do not in¢lu(k the Bridlington Priory as an assel it belongs to the Church of England. The PCC is re4xinsibl¢ for the upkeq) and of the Triory. 15. Listed investments At l January 2024 537,854 {117,658) 22,750 At 31 December 2024 441946 NET BOOK VALUE At 31 Detember 2024 442,946 At 31 Dnber 2023 537,854 There were no investment &S8ds outsidethe UL Cost or valuation at 31 Deeembel 2024 is tepresented by: Listed investments Valuation in 2024 Valuation in 2023 Valuation in 2022 22,751 28,171 {85,040) 477,064 441946 Page 16 cK)ntinued..
The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington SL Mary Notes to the Flnan¢lal Statements- Continued For The Year Ended 31 December 2024 16. STOCKS 2024 2023 Stocks 8,278 8,614 17. DEBTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income Legacies receivable 4,489 lo,2 5,282 11,833 5,367 21,547 6,548 155,000 31,666 188,462 18. CREDITORS: AMOUNTS FAtLING DUE wrriuN ONE YEAR 2024 2023 Trade creditOTS Social security and other teS Other Creditors ACcnlS and deferred income 6,567 238 4,025 9,117 22,197 123 1537 7,905 19,947 32,762 19. MOVEMENT IN FUM)S Net movement in fiu]ds Trdnsfers b¢tw¢¢n fi]nds At 31.12.24 At 1.124 Unrestricted funds 580,525 (22,637) 7531 565,419 Restrlrt¢d funds Priory and organ Testoration Churchyard Choir & Music Fund Bells fund Junior choir Flowers Hand Bells Messy church 832,221 1,927 2,000 9.726 (1,361) (567) (2,142) (1,080) 490 833 830 107288 17 949,235 583 1,433 3,076 2,920 490 833 1,330 5218 4,(X)O 5(KJ 836,148 6,729 117,023 959,9(J) Endowment funds Restoration Appeal Fund Graves Maintenance 152,373 754 6,501 17 (124,537) (17) 34,337 754 153,127 6,518 (124554) 35,091 TOTAL FUNDS 1,569,8(K) (9,390) 1,560,410 Page 17 continued...
The Parochi Church Coundl Of The Ecdesiastic81 PArish Of BrhlliDgtsn SL Mary Not¢8 to the Tr7DaDcial Statements. eontinued For The Year Ended 31 Dernber 2024 19. Net movement in fiJnd4 includ&] in the above are as follows: Gains and Movement losses in funds resources expended Unrestrleted fvnds General fund 181215 (203,852) (21637) Restrlcted funds Priory and orga]) restoration Churchyard Choir & Music Fund Bells fi]nd Junior choir Flowers Hand Bells M¢sw church 15J62 62 (25246) (1,423) (567) (2582) <1,480) (510) (221) (375) 19.410 9.726 (1,361) (567) (1142) (1,080) 490 833 830 1,054 1205 19,723 (32,404) 19,410 6,729 Endowment funds Restoration Appeal Fund Grnvcs Maintenance 3,161 17 3,340 6.501 17 3.178 6,518 TOTAL FUNDS 204,116 (236256) 22.750 (9,390) Page 18 continued...
The Paroch Church Coundl Of Bridlington SL M*ry Notrs to the Flnanci StatemeDts. continue41 For Tbe Year EDded 31 December 2024 19. MOVEMEIYT IN FUM)S. continued Comparailves for movement In funds Net movement in funds TrBnsfeT5 between fimds At 31.12.23 Ai 1.123 ljustmcnl General fiind Designated Fund- Sunday School and Othcr 557.014 (115,(KX)) 115J83 21928 580,525 22,928 (22.928) 579,942 (115.tKM)) 115.583 580,525 R¢strl¢ted funds Priory and organ rastordtion 525.940 12,554 4,034 16,4(K) 297,586 (3,119) (2,107) (l6,4C) 8,695 (9.435) 832221 Churchyard Fabric repairs Choir & Music Fund 1,927 558,928 277,960 (740) 836,148 Endowment funds Restoration Appeal Fund Graves Maintenance 137.072 15301 14 152,373 754 740 137,072 15J15 740 153,127 TOTAL FUNDS 1275,942 (115,CW) 408,858 1,569,8(K) Comparative nel movement in fund8 includa in the above are as follows: tncoming Resources expended Gains and losses Movement in funds Unrestrlrted funds GeneTrl fund 310,014 (194,431) 115,583 Restrlcted funds Priory and organ rcstoration 304,948 576 59 (24.161) (3,695) (2,166) (16,4(Ki) 16,799 297.586 (3,119) (2,107) (16,400) 1000 Churchyard Fabric repairs Choir & MlC Fund 307383 (46,422) 16,799 277,960 Endowment fuDds Restoration Appeal Fund IlJ72 15,301 14 14 3,943 IlJ72 15,315 TOTAL FUNDS 621540 (240,853) 28.171 408,858 Page 19 continu...
The PArocblal Church Coun¢ll Of The Ecclesiastical Parish (M Bridlington SL Mary Note5 to the Flnandal Statements- eontinued For The Year Ended 31 Deeember 2024 19. MOVEMENT IN FUNDS . Continued A Cuent year 12 months and prior year 12 months MbIned position is as follows: Prior Net movement in fimds between funds At 31.12.24 At 1.1.23 adjustment Unrestrieted ndS Genetal fimd Designated Fund- Sunday School and Other 557,014 (115,000) 92,946 30,459 565,419 22,928 (21928) 579,942 (115,000) 7,531 565,419 Restricted funds Priory and organ restoration Organ Churchyard Fabric repairs Choir & Music Fund Bells nd Junior choir Flowers Hand Bells Me&gy rhurch 525.940 11554 4,034 16,41Xi 307,312 (3,119) (3,468) (16,400) 1,433 (2,142) (1,080) 490 833 830 115,983 (9,435) 17 949,235 583 1,433 3,076 2,920 490 833 1,330 5218 4,000 500 558,928 284.689 116,283 959,900 Endowment funds RestoraÉion Appeal Fund Graves Maintenance 137,072 21,802 31 (124,537) 723 34J37 754 137,072 21,833 (123,814) 35,091 TOTAL FtrNDS 1275,942 (115,0(K)) 399,468 1,560,410 Page 20 continued...
The P*rochial Church Coun¢il Of The Ecclesilcal Parish Of BridIington St. Mary Notes to the Flnandal Ststements- continued For The Year Ended 31 De¢ember 2024 19. MOVEMENT IN FUNDS. contlnued A CUTTent year 12 months and prior year 12 months combined net movement in funds, included in the above are &8 follows: Incoming Resources expended Gains and Movement in funds Unre8trlcted funds G¢n¢ral fund 491,229 (398,283) 92,946 Restrfcted funds Priory and organ restoration 320,510 576 121 (49,407) (3,695) (3,589) (16,400) (567) (2,582) (1,480) (510) (221) (375) 36209 307,312 (3,119) (3,468) (16,4(K)) 1,433 (2,142) (1,080) 490 833 830 Churchyard Fabrlc r¢pairs Choir & Musi¢ Fund Bells fimd Junior choir Flowers Hand Bells Messy church 440 400 1,0 1,054 1,205 327306 (78,826) 36209 284,689 EndowmeDt funds Restoration Appeal Fund Grnves Maintenatlce 7,090 31 14,712 21,802 31 7,121 14,712 21,833 TOTAL FUNDS 825,656 (477,109) 50,921 399,468 Prfory and organ restorydtion The fiind h&8 arisen over several years fiDrn donations and legacies with specific provision for the restorntio maintenance and upkeq) of th¢ stnJ¢ture of the Priory and its integrdted organ. Major repair Costs for the fabric of the PIiory and repairs eligible for the Listed Place of W0h1p Scheme are charged to the fund as they aTe This f(md was held for rq)airs specifically to the integrdtul organ. The fund was to be used for these maintenance costs in priority to the Priory and organ rcstoration fund and was fillly uti]is¢d during the previous year. Churehyard This is restricted as a bequest to be used as the PCC decides for the nuintenance of the ¢hurchyard. Fabric repatrs The fimd was established to provide for the maintenance of the fabric of the Priory. The fund was fully utilised during the previous y¢ar. Choir And Musl¢ Fund In 2023, the Priory was left a specific legacy with the provision that the money had to be used to pur¢has¢ music for an(Vor to used for the benefit of th¢ choir &$ thc choir shall decide. Graves maiDtenAnce endoiTm¢nt This fund rclatcs to bth dq)osits held to generate income for th¢ MaInt¢w of specified graves in the Churchyard. Page21 continued...
The Parochial Church Coundl Of The Ecdesiastieal Parfsh Of BridliDgton SL Mary Notes to the Flnanelal Ststem¢nts- ¢ontlnlled For The Y¢ar Ended 31 December 2024 19. MOVE1[ IN FUNDS. eoDtinued Bells Fund tn 2018 the Co-op nominated thc Bridlington Priory Bellringers tbcir "LO Community Fund" and a grant of £7,686 was received. This fund is used for the upkeep of the bells. The remaining balance of £5,218 was tranSfe¢d into this fund at the beginning of the year. Junior Cholr The Junior Choir fund was &stablisheA1 in 2021 followiTJg a donation of £5,(M)O from the Brdmail Trust for the "Musical education of the juniors" in 2021.Thc r¢maining balance of £4,000 was transferred into this fund at tbe beginning of the year. Further donalions have been received into this fund to continue the benefit of the Junior Choir. Flowers Fund. A donation of £I,C0 given for flowers to decorate the church. Hand Bells Fund. The hand bell ringers donated the monies held in their own bank account of £1,054 to be held as part of the Priory funds to adminisler the hand bcll activity. Messy church. Donations of £1,5Crf) were received from Bridlington ChaTity along with olher sundry donations for th¢ Messy Church activity which ¢n¢ourag¢s families to attend the Priory and become involved in these family focussed Services. Transfers between funds Following a review of funds by the Diocese lawycr it was identified thal historical bequests had been incorrectly treated 19 End0Tncnt funds. £13,409 should have been treated as general unT¢Stricted funds and £106,526 should have been treated as a restricted fund for the maintenance of the Priory. In addition income on the remaining endowment funds had not been transferred to the Priory and organ restotation fund for several years of £4,602. The following transfers have been made to co1 the position: Transfer to General fund Transfer to Priory and organ restoration 17249 107,288 Trdnsfer from Endomrynent 124,537 In addition, funds were transferred from General funds to the Bells Ilmd (£5,218) and the Junior ¢hoiT fund (£4,0(Ki) and Mwy Church (£500) in rwect of donations received in prior years that had been incorrectly recorded in gcneral fjJnd8. The net transfer to the General fund is summlsed below: Transfer from endowment (as above) Transfer to Bells fvnd Transfer to Junior choir fijnd Transfer to Messy church fund 17249 {5,218) {4,IX)O) (500) Net transfer to General fimd 7,531 The income from the Grnves maintenance endowment fimds has been transferred to the Churchyard restrÉcted fund to contribute to the maintenance costs of the Churchyard Page 22 continued...
The Parochial Church Coun¢il Of The Ecclesiastieal P4ri5h Of Bridlington St. Mary Iyotes to the Fthanclal Statements- continued For The Yev Ended 31 December 2(124 20. REIATED PARTY DISCU)SURES There were no related paty transactions for the ycar ended 31 Dember 2024. Page 23
The Parochlal Chuttb Counefil Of The Eccle5iAStical Parish Of Bridlington SL Mary Detsiled Statement of FlnAnclal Aetivities For The Year Ended 31 December 2024 2024 2023 INCOME AND ENDOWMENrs Donatlons and legacies Parish giving scheme and other planned donations Incom¢ tax recoveTable Freewill offering Open plate collections Sundry donations Legacies Grants Jncome from VotÈve candle Employment allowance 31,210 12,588 20,963 20,500 19,185 27,827 10,526 12,019 16,618 12,460 425,000 2,209 1,725 4,310 1,789 1,697 113242 508,384 Other tr8dlng aetivities Shop income Coffee Parish magazine Church and church hall lettings Faes and bazaars Concerts and eyents 11475 1,461 1,186 6,330 3,619 14,718 14272 1,575 677 5,794 2,957 11,348 39,789 36,623 investment income Net Tental income Tcceivable Divid¢nds aTJd inter¢st 15.000 31,454 14,628 20,628 46,454 Other income Wedding and funeral f¢es 30,457 30,079 Totsl ineon]ing 50ree$ 204,116 621,540 Raising donalioni and legaeles Church shop purchases Concerts and events StockbrokeT fees 8272 9,199 4,832 6,455 6,937 3.701 21303 17,093 Charltable aetivittes Wages CarTied foTward 21,870 21,870 20,230 20,230 This page does not fonn part of th¢ statutory financial statements Page 24
The Parocbfal Chur¢h Council Of The Ecclesiastital Parish Of Brmllington SL Mary Detsiled Statement of Filland Aedvlties For The Year Ended 31 December 2024 2024 2023 Charitable actiiities Brought forward Social security Pensions Diocesan freewill offeting Clergy housing Vergers fees YDBF fees re ocusional offic Church insurance Rooms insurance Light and heat General rq)airs Room repairs Music and organ tuning Choir expenses Churchyard upkeep Sundry expens Website Cleantng and watcr rates Bell ringers FloweT purch&ses Messy church expenscs Fixtur&s and fittings Computer equipment 21,870 1,697 469 20230 420 72,(KKI 396 975 11,775 11,615 1.538 23,721 42,160 720 9.252 1,495 2,167 4,495 453 624 730 230 9(Ki 13,749 14.696 1,336 26293 20237 6.980 10,332 1208 1,422 4,905 283 530 510 375 4,769 349 10,853 349 205,586 215,968 Support Costs Fin4D¢e Bank charges 748 725 Independent cxaminion Payroll services Olyice costs 2,520 187 4,912 2.350 4,537 7.619 7,067 236,256 240,853 Net (expendknreylncon (32,140) 380,687 This pagc doas not form part of the statutory ftnencial atana)ts Page 25