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← The Parochial Church Council Of The Ecclesiastical Parish Of Saint Mary Bredin, Canterbury

2024-12-31-accounts

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The Parochial Church Council of the Ecclesiastical Parish of Saint Mary Bredin, Canterbury

Annual Reports and Accounts

For the year ended 31 December 2024

Charity Number 1137434

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Contents

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Page
Trustees and advisers t
PCC annual report 2104
Independent Examiner's report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8to 18
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The Parochial Church Council of St Mary Bredin, Canterbury

Page 1.

Annual report and accounts for the year ended 31 December 2024

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Trustees and Advisers
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Principal office: St. Mary Bredin Church Church @ffice 59 Nunnery Fields Canterbury, Kent CT1 3JN

Membership of the Parochial Church Council (PCC) and Charity Trustees: tneumbent and ex officio Chairman. The Reverend Canon Barney de Berry Vice-Chairman: The Reverend Stephen Carter Churchwardens: Peter Bobb Rosemary Wade Honorary PCC Secretary: Pam Wehster (re-elected 2024)

Honorary Treasurer: Simon Webster (Co-opted 2024)

Members of the PCC during 2024 were as follows:

Ex-officio members

Ex-officio members elected to Synod

The Reverend Canon Barney de Serty - Incumbent Harry Macdonaid (Diacesan Synod) The Reverend Slephen Carter - Assaciale Vicar Lara Qvenden (Deanery Synods The Reverend Joy Ounton -Curate Manan Nichalsan (Diocesan Synod Roeseniary Wade - Churchwarden Sani Lines (Deanery Synod) Peter Bobb - Churchwarden Simon Webster - Treasurer

Elected PCC members prior to the 2024 APCM:

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Members elected at the 2024 APCM:
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James Jirlle Uche Ossistogu ~aura Asfour Emily Cra'g Chloe Baxter Witham King Andy King Sam Locke Nedine Watson-Culls Sarah Genders Members who retired at the 2024 APCM Zac Bawtree Mike Polls Augtutu Popoola Jacob Nicholson Sam Locke Andy King Martin Collings Chloe Baxter Members hs F Zas Bavaree who joined during the year Sam Locke Members who left during the year Wilhaim King

individuals attending PCC who have 10 vote in decision making Pan Webster - rlonordty PCO Secrelary

Bank: Llayds Banking Group PLC 49 High Street Canterbury Kent Cl 1 2S Independent Examiner: Hatihew Sutton FCA Burgess Hodgson LLP Camburgh House 27 New Dover Raad Canterbury Kent CT1 30N

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The Parochial Church Council of St Mary Bredin, Canterbury Page 2. Structure, Governance and Management The Parochial Church Council is a corporate oody established by tne Crurch of England Under the terms of the Parachial Church Councils (Powers) Measure 1956 the Parochial Chures Counc of St. Mary Bredin (the PCC) has the respansibtlity of co-operating with the incumbent the Reverend Barney de Perry, in promoting in the pansh of St. Mary Bredin the whole mission of the Churen: pastoral evangelistic, social and ecumenical. It bas the responsibilily tor the maintenance of the grounds and fabrc of the Church aremises and the furniture, fumuishings equipment ate yatbin the various buildings on the site Day . © vay operating management of tue Gharily’s activilies i uclegated by the PCC to the Standing Committee which 1s the only commitiee required bylaw, IWhas the power to lansact the buoimess of tle PCC butween its meetings, subject tu any directions given by the Ghureh Council The Incumbent. Chutchwvadens, Honerary Treasurer, Associale Vicar Curate and up to one elected member uake up this committee. The Parochial Church Council and Charity Trustees the members of the PCC are Trustees cf the chanty and are responsible tor ensunne comptance wh tegidaten governing maticts including health and safety, safeguarding. disabilty discrmmination employment and financial matters Membership of the Parochial Church Council and Charity Trustees Members of the PCC are etther ex-officio elected at the Annual Parachial Chucoch Meeting in accordance vith Church Representation Riles of co-cpted Those persons who were memoers of the POC and Trustees are disclosed an Page 1 of the Annual Reports and Finsnaial Staeaments Recruitment, induction and training of PCC members and Trustees 45 part of the a@pphcatan process POC members are given an explanation or whatit means ta became a PCC member and Trustee This includes why the church has a PCC, what the PCC works tor and wilh. whal thea PCC does and when. and what quahties and qualifications a PCO member and Trustee requires. Public benefit ihe coanty Cansttutes a pupke oernett ently as defined by FIRS 1h? Achievements and performance A bef outhne of the achvdies undertaken by Ihe argamsation is sel out belaw under the beading ‘Achwities’. These activtes demonstrate the awateness of tne PCC of the Charity Comnussion's published euidance on the Public Benelt requirement under the Chanties Act 2UT1 A'Life al SMB document, is made avaiable at the Annual Marcchial Church heating or through the Chueh Office which provides taore fall details of the achievements and performance of the Church during 2024 Volunteers At the heart of much af the work of the Church there ts a huge loundation of geneiaus support, hard work and love which 1s supplied voluntary by members of the congregation. [his is often expressed in feng hours spent serving in tellowsmp groups. in outreach programmes in somal actian work welcoming, stewarding. leading children’s and youtn groups, prayer meetings. traning programmes and other areas of service A nudge ‘thank you’ is extended to all those wiia serve so w tingly ta make these events possible and for teing the "Church Lite’ of St Mary Bredin Objectives Our vs10n as a church continues to be ore in which wa seck niore fully to Proclaim the Good News of Jesus Chust through ward and action’ Church Attendance and Electoral Roll * Electoral Role was compiled in 2024 and there were 224 pansmoners recorded (2023 225). The averaga weekly aendance counted dounng October 2624 was 195 mdnaiduals over the age of 16 years (2023. 192 adults; and 45 young people under the age of 16 12023 49 young people).

Activities

The main Church achvibes. inciuding worgaip and teacning services orayer mecings courses, fellowship groups and social action continued throughout te year Comimtuuty events took place including the annual Community BBO en the areen at Oxford Road in Wincheap. a’Fanuly Fun Day! in the Church qrounds, a Chnstuvas family fi and Christmas Carol services. each of which was altended by many members oi the local community. The Children's ‘Holiday Club was busy tn the summer, a teenagers club ‘Cafe Lumen’ is very viel atteaded dunng term time and various children’s and youth groups continue to ran,

Members cf the Courcn remain involved in many wster-churcn projects miclugaig otop The Tratfth Canteibury Viatcomes Refugees aad a ake Lunchonmeisty. The Churcnts parnered cath the Coristhans Against Poverty Debt Centre and sponsor a ‘debt coacn.

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The Parochial Church Council of St Mary Bredin, Canterbury

Page 3.

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Financial Review of 2024

Total receipts accounted for in the yaar were £617,313 of which £37,729 was restricted to specified purposes reflected in the restected funds used Io meet the costs of those purposes. Mos! of the restricted danaticns were directed to the Mission Specified funds and to the Property Development Fund into which menthers af (he congregation continue to contribute lo paying down the Kingdom Bank mortgage that helped lo finance the redevelopment and extension of the Church budding.

£631,172 was spent to provide the Christan minstry of St Mary Bredin Church in 2024, including £20,533 paid out of restacted funds Fhis sum includes the payment of £152.282 (2023 £152,376) for the Diocesan Parish Share which provides for the stipends. housing and training of the Incumbent and Curate ainongst other things. Itis the paticy of the PCC to commit far mission grant purposes 10% of unrestricted planned giving and collections at services. excluding the related Gift Aid sums reclaimed, In 2024 this pohcy provided £39.156 for use locally. elsewhere in the UK and abroad. Adding restricted donations recevwed for mission payment purposes and partnership giving, a total of £52.815 was allocated to be paid in grants in respect of the year

The PCG has no discretion as to the purpose to which festricted funding ts pul Unrestticled funds are available to the PCS as it considers appiopriate to meet casts, including overheads. the Diocesan Parish Share and payroll costs and to support te various achuiies, ministries and mission partners wih vwhorn the Church is engaged

Unrestricted veluntary qwing totalling £502,680 1s an mcrease of £14,135 on that recewed in 2023. Without this generous giving, (he PCC would have been unable to fund the activities of the Church in the way it was able to do :n 2024 and to have the balance of reserves disclosed at the end of the year.

£20.533 was paid out of restricted funds curing the year. A sumunary of these payments ts disclosed in Note 9 to the accounts

Plans for future periods

The objectives of the PCC continua to be to work and serve in the parish and the City af Canterbury wy order lo 'Proclaim the Goad News of Jésus Christ through word and actian’.

Reserves and Investment Policies

The PCC reviewed its Reserves Policy during the year. {tis the policy at the PCC, particularly in view of having a number of staffon permanent contracts of employment. to maintaw cash reserves of approximately 285.000 at any one time to cover unexpected situations that could lead to a cash flow problem. That criterion is currently met.

At the end of the financial year the POC held balance af £29,065 with The Caurch of England Depesit Furd mncluding the resticted Hower investent fund, income from which is used for the provision of flowers in the church. There ts also a unit linked investment the balance of which stands at £50,163

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The Parochial Church Council of St Mary Bredin, Canterbury

Page 4.

Statement of responsibilities of the PCC members

The PCC members are responsible for ensuring that the annual reports and the accounts are prepared in accordance with apphcaole jaw and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accapted Accounting Practice). The year whichlaw applicablegive a trueto chantiesand fair viewin Englandof the and Walesstate of affairsrequiresof thethecharity PLCand membersof the incomingto ensure thatresources accountsand areapplication preparedof resourcesfor each financialof the charity for that period

fy preparing these accounts, the PCG members ara required to

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+ prepare the acceunts on s going concern basis unless itis mappropriate to presume that the charity vall continue in
operation.
The PCC members are responsible tar Keeping adequate accountiyg records that are suficent to show and explain the charity's
transactions and disclose with reasunable accuracy at any lime the financial position of the chanty and enable them to ensure that the
accounts comply with the Charities Act 2017, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventian and detection of
fraud and other irregularities
Atthe date of signing (nese reports and accounts the PCG considers that there aré no matenal financial uncertainiies about the PCC’s
ability to continue to anerate.
Rev Canon Barney de Berry (Incumbent) Signed: aT > > laa hed Tce= Rae
Dated; sol hs. BELSESne 2
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The Parochial Church Council of St Mary Bredin, Canterbury

Page 5.

for the year ended 31 December 2024

| report ta the Trustees on the accounts of the charity for the year ended 31 December 2024. which are set out on pages 6 to 17

Respective responsibilities of trustees and examiner

The members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2071 Act’) and that an independent examination is needed

It is my responsibilily to

Basis of the Independent Examiner's report

My examination was carried aut in accordance with the General Directions given by the Charity Commissioner

An examination inclucles a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. St also includes consideration of any unusual items or disclosures in the accounts. and the seeking of explanations fram you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and conseqtiantly no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters sel out in the statement below

Independent Examiner's statement

The charity's gross income exceeded £250 000 and | am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).

In connection with my examination, no matler has come to my atiention’

(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and the Regulations.

have not been met: or

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= Matthew Sutton FCA
“i independent Examiner
Burgess Hodgson LLP
- i Chartered27 New Dover AccountantsRoad
Canterbury
Kent CT1 3DN
Dated:
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The Parochial Church Council of St Mary Bredin, Canterbury

Page 6.

For the year ending 31 December 2024

Unrestricted Unrestricted Restricted
Endowment		 Restricted
Endowment		 Restricted
Endowment		 Total Total
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
2 INCOMING RESOURCES
Incoming resources from generated funds
2(a) Voluntary income §02.693 36,940 - 539,638 522,669
2(b) Activities for generating funds 36,631 - - 36,631 32,703
2(d) Income from investments
Incomingresourcesfromcharitableactivities
Church activities		 § 484
34,771		 789
-		 -
-		 6.273
34,771		 3,988
25,553
2(e) Other incoming resources - - - - -
TOTALINCOMING RESOURCES 579,584 37,729 - 617,313 584,913
3 RESOURCES EXPENDED
3la) Cost of generating funds
Cost of generation ofvoluntary
income		 - = “ Es f
3(b) Fund-raising costs 10,134 - - 10.134 9,851
Charitable activities
3(c)
3(d)		 Church activities
Governance casts
TOTALRESOURCES EXPENDED		 596,101
20,533
-
616,634
563,243
444
-
-
4,404
2,802
ee
610,639
20,533
-
631,172
§75.911
NET INCOMING RESOURCES BEFORE
TRANSFERS (31,055) 17,196 - (13.859) 9,002
9 Gross transfers between funds 9,000 (9.000) ; ‘ :
a acer a ea
NET (OUTGOING) INCOMING RESOURCES
BEFORE OTHERRECOGNISED GAINS
ANDLOSSES		 (22.055) 8,196 - (13.859) §,002
Otherrecognisedgains/losses
(Loss)/Gain on revaluation
ofinvestments		 2.003 - 651 2,654 5.042
NETMOVEMENTINFUNDS (20.052) 8.196 651 (11,205) 14.044
Reconciliation offunds
Balances brought forward
1 January 2024 727 803 20,252 28,414 776,469 762.425
Balances carried forward ae ee ee ee” ee
lee es
31December2024 707,751 28448 29,065 765,264 776.469

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The Parochial Church Council of St Mary Bredin, Canterbury

As at 31 December 2024

Unrestricted Restricted Endowment Total Total
funds funds funds 2024 2023
Notes £ £ £ £ £
FIXED ASSETS
§la; Tangible 665,473 - - 665.473 690.178
5(b) Investments 50.188 - 29.065 79,253 76,599
715.661 - 29,065 744,726 766.777
CURRENT ASSETS
8 Debtors 35.6365 568 : 36.104 39.881
Short term deposits 142,131 - - 142,131 202.721
Cash at bank and in hand 88.357 27,880 - 116.237 72.860
256.024 28,446 - 294.472 315.462
LIABILITIES
7 Creditors - amounts falling due
in one year 28,926 : : 28,986 45.852
Net current assets 237,038 28.448 - 265.486 289.510
Total assets less current liabiities 952.698 28.448 29,065 1.010.212 1.056.387
7 Creditors - amounts falling after
one year 244.947 : - 244.947 259,918
TOTAL NET ASSETS 707.751 28.448 29,065 765.265 776.469
PARISH FUNDS
9 Funds (Q7,751 28.448 29,065 (69,264 £16,469_

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29,065 (69,264 £16,469 _
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Approved by the Parochial Churgh Council on

and signed on its behalf by :

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Ege tee I Pt og LS
; Simon Webster (Honorary tysbcuren
Rev Canon Barney de Berry (Incumbent)
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The Parochial Church Council of St Mary Bredin, Canterbury

Page 8.

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For the year ending 31 December 2024
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For thethe year ending 31 December 2024 For thethe year ending 31 December 2024
4. Accounting policies
a) Statement ofCompliance
These accounts have been prepared in comphance with FRS 102. ‘The Financial Reporting Standard applicable im the UK
and the Repubhe of Ireland’ the Statement of Recoramended Practice applcable to charities preparing thetr accounts in
accordance valh the Financal Reporting Standard apphcable in the Oi and the Republic of Ireland (FRS 102) iChanties
SORP(FRS 102); and the Chantes Act 2011.
b) :
Basis of preparation
The acrounts have been prepared on the histoncal cost basa. excapt for the valuation ofinvastivent assets, which ate
shown at market value)
The accounts include all transactions. assets and fabilities for witch the CCC 1s responsible in law
They do not include the accounts of church groupsthatowe ther afflationto another boary nor these thatare informal
gatherings ofchurch meribers, The accounts are prepared ic pounds sterkng. which is the funclignal currency of the entity
co) Goimg concern
There are na matenal uncertainties abaul he chanty’s anibty to contnuns
a) Judgements and key sources of estimation uncertainty
Tne preparation of the accounts requires the POC to male jodaements estimates and assumptions that affect the amounts
reported
These estmates and judgements are continually reviewed and are based an experiance and other factors
including expectations of futureevents that are believed tobe reasonable underthe circumstances
et Incoming resources
Planned giving, ccllectons and donations are recognised when received.
Tax refunds sre recognised whan the incaming
resource toWhich they relate isreceived unless notification of the entWement is nat received in time for this to be processed
Grants and legacies are accounted forwhen thePCC islegailyentitles to theamounts due. Dividends and intercst are
accounted for when receivahle, Income relating to promuses lellngs 15 recognised when each letting 1s completed.
All other
is) inceme is tecognised when itis recenvaole. Allincoming resources are accounted for gross
Resourcesexpended
Grants and donations are accounted for when awarded if tial award Creates ¢ binding of constructive oblqation an the
PCC. The diocesan pansh share is accounted far wien due. 4H other expenditure including atiabutable VAT is genecaliy
recognised worn itis incuneed and
accourted forgrass
Direct payroll costs are allocated to the appropriate actwity. Support payroll costs and ether support costs are allecated to
Achwiteson the basis of estimated time spent on that particularactuity
Governance costs include those costsassoqated vath meeting the consttutonalane statatery requrements ofthePCCard
include the Independent Examiners fee and costs bnkea to tha strategic management of theFCC
gy) Tangible fixed assets
Consecrated and benefice propeny ts not included in the accounts in accordance vith section 10 (2)C1) of the Chamnes fect
20n
Vovable church turmismings hell ey the sncumbent and churchwardens on specal ust for ine PCC and which require a
faculty for disposal are inahensble properly, listed
in the churca’s inventory. whicn can be inspected on request at any
reasonable tine
Individual assets or relevant groups of assets wath uy purchase pice of more than £1,066 are depreciated on 3 straight-line
basis,
Furniture is depreciated over § years und technology cautpmernt ancluding audic/visual computers and printers) 1s
depreciated over 3 years
Buildings and building impravements
specifically tne Church Centre, Kendall Hall ard tne residential property.
are
deprectated over 59years from (hedate ofcompletion or acquisitian.
Otherassets are depreciated over a periodbetween
10and15years

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The Parochial Church Council of St Mary Bredin, Canterbury

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Page 9.
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Notes to the accounts
For the year ending 31 December 2024
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The Parochial Church Council of St Mary Bredin, Canterbury

Page 10.

For the year ending 31 December 2024

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |2.|INCOMING RESOURCES|Unrestricted|Restricted|Endowment|Total|Total| |Funds|Funds|Funds|2024|2023| |£|£|£|£|£| |2(a)|Voluntary income| |Planned|giving| |Gift Aid|donations|285 E16|11,908|-|297|524|297|725| |Tax|recoverable|74349|3.907|‘|74|326|74.431| |Other|3A|B95|4|636|-|43|525|25,401| |Collections|at services|(open|plate)|VBP|1|3C0|-|18.972|23.742| |Tax|recoverable|for|unidentified|giving|1.670|-|:|+670|4.429| |Collections|at groups|(open|plate)|"038|aC2|:|1.837|2,059| |Gift days| |Gift Aid|donations|68,040|-|-|68.040|21.440| |Tax|recoverable|17.610|-|-|17.010|5.360| |Other|1.319|-|:|1.442|1.683| |Denations,|appeals.|etc| |Gift|Aid|donations|103|6,626|.|6,749|50| |Tax|recoverable|26|1659|-|4,685|12| |Other|.|6.998|:|6.998|8,093| |Gift|Aid|received|re|donation|in|the|prior|year|-|-|:|55,284| |Legacies|a|ck|.|:|:|-| |502|BSH|26|940|B|539,638|522.669| |2(b)|Activities|for generating|funds|-s|i|ue|7| |Church|property|lettings|(for|non-church| |purposes}|34. 40h|:|-|35.406|31.974| |Fund-raising|events|684|-|-|684|-| |Otner|EA|-|-|44|723| |WER|.|-|36.63"|32.703| |2s)|Income|from|investments|ear vi||a|oe|i|ae| |Draicends|:|73S|-|769|385| |Interest||$.486|:|-|§.464|0|3.5935| |5|284|789|.|6.273|3,988| |2(d)|Income from|church|activities|ok|av|r| |Church|property|lettings|(far|church| |purooses)|3.526|-|:|3.320|2,607| |Fees|for|weddings|and|funerals|3.208|:|2,208|1,642| |Fees|for|courses|and|events|28153|:|;|28.153|24.14| |34.77"|-|:|34.7 7°|25.553| |2te)|Other incoming|resources|;| |Total incoming resources|579,584|37,729|:|617,313|584,943|

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The Parochial Church Council of St Mary Bredin, Canterbury

Page 11.

Notes to the accounts

For the year ending 31 December 2024

3. RESOURCES EXPENDED Unrestricted Unrestricted Restricted Endowment Total Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
3iaj Generation of voluntary income
Costs of appeals. grants. etc Loni aan co Rone
da
So		 eee ah
tg ne		 -
3ib) Fund-raising costs
Attributable to church property fettngs 10,134 . . 10,134 9.661
Cost of fund rasing events a_i - : - - -
10,134 ~ - 10,134 9.861
Sic) Charitable activities
Total Missionary and Charitable giving 39,546 12,637 : §2.185 47 8C9
Ministry
Diocesan parish share		 152.282 - - 152.282 182.375
Other musty costs 52,165 137 - 52.302 46.691
Clergy support 24.755 - - 24,755 22.748
Parsonage houses costs 455 - - 455 1,0o7
Music remstry 1678 - - 1.679 2.119
Pastoral ministry 6.052 - - 6.052 5.510
Youth and Children nunstaes 94 555 : - 94 555 (7 245
Students munistry - : - - -
Church running 41.619 431 - 42 050 44 150
Church maintenance and repairs 11.216 : - 47216 6B75
Release of prior year provision - (1.2351 - (1.335; -
Upkeep of services 1.416 - - 1116 i
Upkeep of churchyard 161 - - 161 175
Cost of courses and events 36.270 - - 368.270 tid
Cost of group meetings 28.783 & 683 - 35.451 41.918
Discipleship Year costs 22,328 - . 22.328 17.6465
Church Hall and Centre
running costs and repairs 43.344 - - 43.371 48.412
Finance charges 17.094 - - 17 O94 17.610
Depreciation charges on
Furnishings and eguipment 1.180 : - 1.180 2.607
Church Hall and Church
improvaments 23.525 - : 23.525 24.126
596.103 20,533 - 616.634 563,248
a 7 — °
adj) Governance costs
Staff costs 1.405 : - 1.105 10G7
Independent Examiner's tees 3.193 - : 3.193 1700
Adjustment re prior year fees - : - - .
Professional fees - - - - -
Supgcort costs 105 Pie aes 104 1S5a
4.404 : - 4,404 2 802
TOTAL RESOURCES EXPENDED 610,639 20,533 - 631,172 575,911
Included in the Resources Ezpended Fund Raising and Charitable Activities costs disclosed in Nates 3(b) and 3(¢) ahayve
are wages and support casts allocated on the basis of the proportion of time that mombers of staffspend spend being involved in
the various areas of actiily. The balance af the total costs foreach category of expense which is shown above represents
direct costs incurred dunng the year. Further analysis of some of the activity headings above 1s shown in Note 3
(continued)onPage12

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The Parochial Church Council of St Mary Bredin, Canterbury

Page 12.

Notes to the accounts

For the year ending 31 December 2024

3. RESOURCES EXPENDED (continued)

Allocation ofwages and supportcosts
Direct
Payroll		 Allocation ofwages and supportcosts
Direct
Payroll		 Support
Payroll		 Total
Payroll		 Other
Support
costs		 Other
Support
costs		 Direct
costs		 Total
Allocated
Costs
£ £ £ £ £ £
Attebutable to church
property lettings		 4,893 3.256 8145 779 1205 10 123
Diocese re Associate Vicar
and otiver roinistry casts,
Incumbent acbyitics
fMMusie		 -
.
cE		 -
47 797
«		 -
17 797
:		 -
4.760
=		 52 185
5,258
1679		 §2 165
24.755
1,679
Pastoral : 5,524 5 524 528 - 6.082
Youth and Children 74 163 6.822 80985 7.737 5.834 94 556
Students - - - - - -
Discipleship Year costs
Church running
Churchmaintenance and
resanrs
Unkeep ofservices
Cost ofgroup meetinas		 -
6.476
5872
:
12.65		 2.762
21.591
2.706
-
1.062		 2762
28 O67
@578
:
[3627		 264
2.580
820
-
1 302		 14 303
10 872
1.818
#116
414,858		 22.329
41,649
11.216
1116
26.787
Church Hall/Centre
Governance		 15.139
:		 3.489
1705		 78.628
1105		 1.780
4106		 22,903
3.193		 $3.31
4404
————————---> >O O>>
1191N& 6H ite 185.222 17.696 437,204 340.122
Othersupportcosts included above: Total Total
2024 2023
£ £
Printing, postage and stationery 2.088 2.406
Telephone 1.466 1.372
Website and IT costs 8.102 8.355
Recruitment and stafframmg 2.000 788
Repairs and maintenance
Payroll services
Travelling
Camteen		 1.797
787
1.348
7B		 1.355
732
276
23
Other costs :
17.696 15.316
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The Parochial Church Council of St Mary Bredin, Canterbury

Page 13.

Notes to the accounts

For the year ending 31 December 2024

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4, STAFF COSTS
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STAFF COSTS Total Total
2024 2023
£ £
4a) Wages and salaries
Wages and salaries 171.552 161.912
Employers National Insurance 8,547 11.496
Pension costs 5124 4BIE
185,223 198.223

The average number of employees including temporary staff during the year, calculated on tne basis of full tire equivalents. was as follows

equivalents. was as follows
2024 2023
Number Number
Church Hall/Centre V4 141
Youth and children 20 2.0
Adninistration and management Sof 44
6.8 72
The full tme equivalent information represents 7 ( 2023 7 ) paid members of staff. some ofwhom work full time and
someparttimo.Volunteerswhoserveinchurch activities andministriesarenotincludedinthesestatistics

During the year the PCC contnbuted to the defined contribution pension scheme £5.124 (2023 - £4.815) on behalf of employees who have not opted-out of the scheme. Of these contributions no amounts remained outstanding at the year end ( 2023 - EN |

The incumbent. asseciate vicar and curate are rernunerated oy the Diocese Part of the Diocesan parish share disclosed above contributes towards the cost of the incumbent and curate

No member ot staff earned ever £60.00) during the year( 2023: None }

4(b) Payments to PCC Members and Related Parties

No member of the PCC received remuneration of benefits in respect of ther services as members of the PCC during the year ( 2023: None }. No PCC members were reimbursed expenses during the year other than for operating cests incurred on behalf of the PCC { 2023 ENene )

A payment of £668.47 frara the investment fund was made. to a company whom a PCC member works far, in relation to administrating the investrrent with Quilter (was Old Mutual Wealth).

Use of the Family Fund is at the discretion of the incumbent and churchwardens At31 December 2024. £190 10:5 available in this fund (2023 £733.10). £500 was paid out of the Family Fund in 2024 (2623 £43). Mo payments were made to individuals related to PCC members ( 2023° ENII ).

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For the year ending 31 December 2024

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5, FIXED ASSETS
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FIXED ASSETSASSETS
FIXED ASSETSASSETS
(a) Tangible		 Buildings &
{mprovements		 Furniture&
Equipment		 Total
Cast £ £ £
At 1 January 2024 1.067.797 184.407 1.252,204
Acditions at cost - - .
Disposals
At 31 December2024		 -
1.067.797		 184.407 4,252,204
Depreciation
At 1 January2024
Accumulated depreciation on disposals		 380.239
-		 181.787
-		 562,026
-
Charge tor the year 23.525 _ 1.180 24,705
At31December2024
Net book value		 403,764
a		 182,967 586.731
At 31 Decernber 2024 664.033 1.440 665.472
At 31December2023 a
687558		 ———S———
2.620
690.172

The buildings comprise the cost of improvements to the Church building, the cost of the Link and Church Cenire, the cost of Kendall Hall. the cost of land on which the Kendall Hall stands and the cost of residential accommodation for use by the Associate Vicar together with the cost of improvements to those properties.

The PCC holds tn trust for the Diocese of Canterbury. the Church building and land on which the Church building, the gardens, the car park, the Link and Church Centre stand The PCC is responsible for the maintenance of the grounds and fabric of these premises

The residential accommadation purchased for use by the Associate Vicar is held by The Canterbury Diocesan Board of Finance as custodian trustee for the PCG. The PCC is responsible for maintenance of the grounds and fabric of this property and also for the council tax and water charges

(b) Investments £
CBF Church ofEngland find
Marketvalue 1 January2024
Revaluation gain/(lass}		 28,414
651
Marketvalue at 31 December2024 29.085
The investment consists of 1,257 income shares in the CBF Church ofEngland Investment Fund.
Quilter Portfolio
Market value 1 January 2024		 48.165
Revaluation gain/(loss) 2,003
Market value at 31 December 2024 50,188
Total value of Investments:
At 31 December 2024 79,253
ALS1December2023 76,599

In 2020, the PCC purchased an investment in a portfoho of unil trusts for £50,000 on the Quilter platform

The Parochial Church Council of St Mary Bredin, Canterbury

Page 15.

Notes to the accounts

For the year ending 31 December 2024

6. DEBTORS
Unrestricted		 Restricted Restricted Restricted Endowment Endowment Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Gift Aid tax recoverable
30,250		 568 - 30.818 7.095
Debtors
1,190		 - - 1,180 92
Accrued income
-		 s 3 7 a
Prepayments
4,096		 - : 4.086 32,694
35,536 568 - 36.104 39,881
7. LIABILITIES
Unrestricted		 Restricted Endowment Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Creditors - amounts falling due in one year
Trade Creditors
8.841		 - - 3,641 7,193
Other Creditors
1,000		 - - 1,000 8,240
Loans (see below)
9,500		 - - 9,500 12.600
Deferred Income
192		 - e 492 7,690
Accruals
9,453		 - - 9,453 10.129
28,986 - - 28,986 45,652
Creditors - amounts falling after one year
Loans
Kingdom Bank Limited
Church renovation
21,466		 - - 21,466 31.464
Residential accommodation
232,981		 - - 232,981 241,054
Included in amounts falling
(9.500)		 - - (9,500) (12,600)
due within ane year
244,947 : ; 244.947 259,918
A Kingdom Bank Limited loan to finance part ofthe church premises renovation is repayable over thirty
years fram 2008.
Interest is charged at 7.25%which
and the loan is secured over freehold property		 which is 2.5% over bank
consisting of the Kendall		 base rate (6.15% as at 31.12.23)
Hall and gardens owned by the
PCS. During the year £998 of this loan was repaid from regular monthly payments. At the yearend date
the balance of the loan amounted to £21,486
Tnetwo Kingdom Bank Limited loans tofinance the resicentialaccommodation are repayable over25
years from 2016,
Interest on these loans is charged at 7.25% & 5.90% which is 3.5% over bank base rate
(7.75% & 6.55% as at 31.12.23) and the loans are secured partly over the freehold property of the house
and partly over the freehold property consisting ofthe Kendall Hall and gardens Both properties offered as
security for the loans are owned by the PCC.
During		 the year. £6.073 of the loans was repaid from regular
monthlyrepayments.
Attheyearenddatethe		 balanceoftheloansamountedto £232.981.

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Page 16.

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Notes to the accounts

For the year ending 31 December 2024

8. FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTSINSTRUMENTS
Assets 2024 2023
£ £
Casn and bank balances 268.368 275,584
Debtors and gift aid recoverable 32,008 — 7,18?
290.376 282,768
Liabilities:
Mortgage loans (Note 7) 254,447 272,516
Creditors 9,841 15,433
264.288 287,951
es —oooOoOS

The mortgage laans are in the farm of secured loans with a variable interest rate. The risk facing Ihe PCC is that interest rates will rise as the UK economic situation changes. The PCC considers that any increase in interest rate will be covered by increasing gifts or by reducing overheads to ensure that the PCC maintains its reserves policy.

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The Parochial Church Council of St Mary Brecin, Canterbury

Page 17.

For the year ending 31 December 2024 the year ending 31 December 2024 the year ending 31 December 2024
9. PARISH FUNDS Balance Incoming Resources Revaluation Balance
at Resources Expended Transfers Gains/losses at
4 Jan 2024 31 Dec 2024
Unrestrictedt Funds:
General funds 258.753 579.584 (585,041) (33,482) 2,003 222 817
Designated funds :
Fixed Asset Fund 390 624 - 123.525, 42 462 - 405 546
Property Reserve Fund 76.541 - (1.436) - - 74.106
Cantercare - - : - - -
Mercy Ministries __
880		 - : - : 830
727 803 579.5384 (610,092) 9.900 2,003 706.386
Balance Incoming Resources Capital Revaluation Balance
at Resources Expended Repayment Gains at
1 Jan 2024 31 Dec 2024
Restricted Funds:
Children ; - : - :
Youth 4.750 1090 - - - 1 650
Flowers Revenue 2,924 789 (434) - - 2.287
Mission Specified 625 147 (7. 165} - - 60
Family Relief 690 - (590) : - 190
Property Developmerit 5.073 6.075 790 (3.0900) . 2.848
SMB Groups 138 - - - - 135
Uganda Field Trig - 13.504 14.974) - : 6.523
Regalia & Artefacts : - - - -
Pastaral 1.055 - tfa7) - - S16
South Sudan
- Juba		 - : - - - :
MerayMinistries 949D148
20.252		 D148654;
37 725
121.166,		 ae
(9.900)		 i. e
.		 9.399
27 812
Endowment Funds:
TotalParishFunds 776,469 617.343 (631,170) - 2.654 785256

Designated Funds:

Fixed Asset Fund

The fixed asset find represents tine net bak value of property fixed assets less any secured loans Tne transfer relates to adjustment for fixed asset additions and the mortaage repaid durng tne year

Property Reserve Fund In 2018, the PCC designated £91,011 towards the costs of an extension to the Old Dover Road entrance to the Church pranuses and survey work ta meet the casts of design and preperation work for this project. EB 244 wes spentin 2019 £2,781 in 2020 £3,445 in 2921 nothing was spent tn 2022 of 2023 and £1.436 was spant in 2024. This leaves a balance of £75,105 Mercytr 2097Ministricsthe PCC tesulved to desigttale 10% of the 2077 Unrestucteu Gill Day Gundabuns. excludiig the Git Ani recoverable, tor the Mercy Ministries, These funds are utilised as the PCC directs to support these minisines There 1s £689.26 left and nane was used ths year (480.28 1n 2023)

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Page 18.

Notes to the accounts For the year ending 31 December 2024

  1. PARISH FUNDS (continued)

Restricted Funds:

Children A fund to receive donations to support ministry to children

Youth A fund to receive danations ta supp)ert menistry fa young people Flowers Revenue

A fund to receive the mterest from the Flower Endowment Fund. This 1s used te support the provision of flowers m the church Mission Specified These funds are received from donors who specify the mission vartner to whom the funds are ta be given over the course of the financial year

Family Relief A fund available to the incumbent and churchnwvardens to provide support ta members of the church famuy who expenence financially difficult times Property Development A fund containing money given for building projects anct repayment of tre assccratedd mortgage loan SMB Groups A fund to receive donations by SMB groups for mission pactrers Uganda Field Trip A fund to receive donations te support teanis wro work with Jenga in Uganda Regalia & Artefacts A fund to receive donations to purchasé religious regalia ang artefacts Pastoral A fund to receive donations tc support the pastoral actimties of the church South Sudan - Juba A fund to receive donations to support education work in Juba. South Sudan

Mercy Ministries

A fund to recetve donations to support the mercy rninistres operated by the congregation: Chnstians Aganist Poveny. Make lunch and Stop The Traffic.

40. FINANCIAL COMMITMENTS

There are no Financial Commitments at 31 December 2024 ¢ 2023 None i

41. EVENTS BEING CONSIDERED SUBSEQUENT TO THE YEAR END

The general condition of the Kendall Hall prenuses continues to cause some concen and signiticant repair Costs may neéd to be net mn the next 3 years

Appendix 1,

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For the year encling 31 December 2024
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|||||||||| |---|---|---|---|---|---|---|---|---| |Total|Total| |2024|2023| |£|£| |Detailed|Charitable|Activity|Costs:| |MissionMinistry giving-|Discesan|Parish|Snare|152.28230,220|15234.320376| |General meustry|costs|2335|4.165| |Limsty cost|-|Fees|shared|with|Diocese|t4a7t|O74| |Mrmistry|costs|-|Discipleship|Year|casts|19,303|14.591| |Clergy|expenses|3.053|2.396| |Parsovage houses costs|455|1.097| |Associate|Vicar|employment|costs|45|653|44.013| |Husic|costs|1679|2149| |Upkeep|of|services|uG64|124d| |Upkeep|of|churchyard|161|17h| |Linstry|events|30,646|W475| |Chidren|and|Youth|actwites|5854|7.305| |Mayor|pranuses|repairs|-|127s| |see.|ae| |Direct|costs|of events|sales|we|IG,|||og|it| |Detailed|Overhead|costs| |Fefuse|and water|costs|4.733|5421| |Insurance|costs|6|O88|5,370| |Electrcity|ane gas casts|17 626|22.867| |Ghurch|and|Centre|nunor repairs|1.974|2.752| |Gleamng|2.519|2.672| |Travelling|2541|2.543| |Hotpitally|266|604| |Stall|traming|2.655|618| |Printing.|sfatienery,|photocopying|and|postage.|2.095|«408| |Telephone|1.4286|1.372| |Office|equipment|maintenance|1.357|2.850| |IT|support|2.400|2.400| |Webste|ard|!7|costs|5|702|5.956| |Fixtute.|Mings|and|equupment|anno:|parchages|1.474|&B3| |Gank and|credit|card|charges|306|S57| |Loan|interest|paid|16|787|17.243| |tmoleyed|staff|costs|155|223|163|223| |Recruitment|costs|:|:| |Independent|Exanuner|fees|and|payroll|costs|3.980|2.432| |Consultancy|Fees|-|:| |Church|Centre|alana:|system|and|tit|costs|1.093|2055| |Sundy|expenses.|:|187| |Professional fees|1.436 40|:| |262.054|245 086_| |Doptecighen|Property|24 625|24.136| |Qeprecotion|-|Furniture|and|Filuage|7Gt|1366| |Depreciation|Office Equipment|aig|1,251| |ee|24Se705|EE—|26.743| |TOTAL RESOURCES EXPENDED per Note 3 to Financial Statements|“601040,|554,743|

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The Parochial Church Council of St Mary Bredin, Canterbury

Appendix 2.

For theyearended ended31 31 December2024 31 December2024 31 December2024
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
RESOURCES EXPENDEDINFORMATION
Missionary and charitable giving:
Overseas:
Support of
& U Drew		 3.500 3,500 3.5C0
Support of
L
&O Muerasse
Support of G& S Venables
Surgport ofM Hayter		 4,509
1600
1750		 2.532
1675		 7.032
1,590
3.425		 5 120
1,500
8175
Suppert ofJenga 5,000 5,000 1560
Support ofR tienderson 41.250 259 1,500 5.802
Support ofSarah & Joe Harvey 4.500 303 4,800 §360 360
UKbased:
ACTS 435
AirAmbulance		 403 4CO
:		 960
700
Bishops collection : 185
Canterbury Schools Worker 1,326 4,320 1320
CanterburyWelcomes Refugees - 300
Charmaine Muir future ministry - 1901
Childrens work 1426 1425
Chnst Church Chustian Umar - 500
Family rehef
Friends international		 1.000 500
20		 §60
1020		 43
1.000
GE Taylor § 4509 313 5813 3.255
Jenga UK 750 756 750
Lucy Preston 2.105 ? 100 10900
Martin Hayter 3.259 260 3500 .
Time Out 1503 4.400 750
STT 328 323
UCCF - ECURRYER
Ugandatna
YWAM		 4.972 -
4.972
z		 750
1,675
523
Partnership giving:
Fusion 306 306 300
ChnstChurch Christian Union
Kent Universily Christian Unian		 500
500		 500
500		 500
500
Street Pastars 500 00 -
—
Total Missyonary and Charitable Giving
AsshownonPage71 £ 39,548 E 12.637 - £ 52,185 £ 47,809