st Andrew's P.sa&t•r Lane Chu roh
Angllcon fv18mctlTsi ￿rt0.￿r￿￿1p
Charlty Reglstratlon Number 1137529
Unaudlted Financial Statements
For the year ended 31 August 2024

St Andrew's Psalter Lane Church
A JOINT ANGUCAN MEtHODIST PAFrrNERSHIP
Trustees and Ecumenical Churth Council Mernber5
Minister
Reverend N Cooke
Church Stewards
A R Morrls
M E Mitchell
Churth Wardens
J Jordan Brown
J Owen
Chalr
A Lcalvert
Treasurer
JWDey
Secretary
J I Lou8hrid8e
Other Members
C J Cripps
W Atherton
J M Carpenter
J C Cripps
' K A Hackett
J H Harding
A Harvey
S L Hindmarsh
A E Hollows
C Loughridge
P L Mitchell
R A Morris
J M Roberts

St Andrew's Psalter Lane Church
Unaudlted Flnanclal Statements
For the year ended 31 Au8USt 2024
Index
Page
Report of the Trustees
Trustees, Responsibillties
Independent Examinerfs Report
Statement of Flnancial Attmtles
Balance Sheet
Notes
io
Reserves Policy

St Andrew's Psalter Lane Church
Report of the Trustees of St Andrew's Psatter Lane Church
Basls of Preparatlon and Le8al Framework
The Charltvs annual report and accounts for the year ended 31 August 2024 have been prepared in
accordance with SORPIFRS 1021 as updated. belng the current verslon of Accountlng and Reporting by
Charltles.. Ststement of Recommended Practice.
Full Name of Charitylchurch:
The Ecumenlcal Church Councll of St Andrev/s Psalter Lane Church. Sheffield
Re8lstratlon Charlty Number. 1137529
Date of re8lstration: 17 August 2010
Maln communication addre55:
Church Office, Shirley House, 31 Psalter Lane. Shefflekl. $118YL
Alms & Or8JnlsatSon
Salnt Andrews Psalter Lane Church Is an Anglican-methodlst Lotrdl Ecumenical Partnershlp. We
combine the practices of our two traditions to become a congregation seeklng to follow the way
ofJesu5. in our worship and In our artions in our community. On our journey of falth. we ask
questions and wonder at answers: we celebrate life In all Its fullness; and we travel deeper
into explorlng the mystery of God.
We are an inclusive church because we welcome, celebrate and affimi all persons as they are,
wlthout discrimlnatlon. We maintsin a congregation in which all members and adherent5 are
encouraged to be themselves, wherever they might find themselves in life, Whe￿Ver they might
find themselves on a journey of faith.
Pa

St Andrew's Psalter Lane Church
Trustees, Responslbllltles
The trustees are responsible for preparin8 the Trustees. Annual Report and the financial statements
in accordance wth applicable law and United Klngdom Accounting Stsndards (United Kin8dom
Generally Accepted Accounting Practice).
The law applicable to charitie5 in England & Wale5 requires the trustees to prepare financial
statements for each financlal year whlch gNe a true and fair view of the state of affairs of the charlty
and of the Incoming resources and appllcatlon of resour￿$ of the charity for the perlod.
In preparlng these flnanclal ststements, the trustees are requlred to:
selert sultsble accountin8 policies and apply them consistentty.
observe the methods and principles in the Charitles SORP 2019 IFRS 1021;
make lud8ments and estimates that are reasonable and prudent:
stste whether appllcable accounting Standards been followed;
prepa￿ the financial statements on the goln8 concern basis unless bt Ss Inapproprlate to presume
that the charlty will continue In operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the ftnanclal positlon of the Church and enable them to ensure that the
flnanclal statements comply with the law. They are also ￿sponSible for safeguardln8 the assets
of the Church and ensuring their proper applicatlon under charity law, and hence for taklng reasonable
steps for the prevention and detertlon of fraud and irregularities.
The Trustees are responsible for the malntenance and integrity of the cory)orate and flnanclal
Information included on the Church's v￿bSIte. Legislation In the United Kingdom governin8 the
preparatlon and dlssemSnatlon of flnancial ￿atements and trustees, reports may dlffer from
legislation in otherjurisdirtions.
Flnanclal Re￿eW
During the year total Income on Unrestricted Funds was £200,097 and expenditure was £184.465
producin8 net income for the year of £15,632. Unrestrlcted Funds carried forward amount to £796,511
We have commwited an amount of £21.696 from our reserves towards ministry and mi55ion.
A legacy we received during the year Included In Unrestricted Funds has been allocated for
thls purpose.
The Trustees have every ￿8$oft to believe that the Church is a going concern as there are Sufficient
contributions from member5 and supp)rters to meet commitments and liabilities.
Pa

S.t Andrew s Psalter Lane Church
IndependentExwiliierf*Reptirt to tb¢"Trurt¢es ofStAndrÈw"'s Psalter ianè-£huw¢h
i,fyport'toth'R.tnistees'.on.my.examirta"tion oSthe"fiiiandal statemeh"ts.of.St"An'd￿￿,s.Psa￿er'.i>fie:'
.Chur¢h Ithp ￿OrnY) fvrthe.'yearendg4 31 Au8USt.20Z4. set oirt on.pa8e$ 4 to 9.
Re5p¢)nslbllltles and 845ts otRepwtr
As.'the.TNst¢es of the.Charity you are responsible forthe preparatlon'Df'th¢ tiftsn4il statements In.,
accordance with.the tnents of.the.Charltle5hct 2011"Ithe 2011 Act).
I rèÈorl in.respect of my examlnation gf the Charity's finandal statements carrled.,oufundRtr. Sèttlon'145
pf the.2011 Aot. In cgrryln8 Ollt my exgmlnattoD'I"have followed all the applirable Dlr.ectlons 8lvgo.'by the
,Ch4rlty ￿MmISSIOn,.￿nderSeCÈ[on.s4sI5I[bI of tbe2011 Act.
Indop•iid¢nt Examlno('s,Sts'tem•
J have c()inpleted my.exarnlrfatk)rt. l ¢onfiTm that n(ymatters have ttime to my attenilon tn.
"onDeclktn wlth the ek7mination 8lvint' me cause.to.belleve that lo,.4n¥ material respect:
I, a'ccouritln8 ￿(On15 were not k¢pt iTrrÈspèrtof the"Charlty as requirèd by'5ectlt)n 130 of thè.'?01"1' Att.,
or
2 the.:'fin?htlal.statem'eDtsdo not a¢cord wlth thtss¢ fK•fds,':
or
..3'th'e fln'anclal 5tstements do not comply wlth the applicabtèr¢qulfem¢rits EoncemlfiB'the'f¢rtn"aijd
.Ipntent of acoounts set. ouj In th¢ Charities (Accounts and.'Reportsl Regulatirsns 21)68 pthe'rihan ahy
'requltremprJt that.the accounts give a trpo an<1 faif vlewwhlch ts nox a mattef wnsKlerod as part. pf..art,.
',IndepéTrdent ex#M1fi4'tIoA'"
I have nO.￿n￿rn5 and,have'coffje.aCffjSs" noDther mat'ters in cbnnectloii wlth the.examlnatign to whkh
¢ntlr)ri.should be drawn In thlsréport'in i?rder io enable a proper unde(st40dln8.of.the flnandal
ststèinèfitst(I be reached.
S,l Bl•den FCA
Haivs(iris..Llmlted'
Char.l¢red.Accountants.
Pe6alus House
,463a GIo550p Road
'.Sheffield.

St Andrew's Psalter Lane Church
statement of Flnancial Activltles
For the year ended 31 August 2024
Unrestritted Desl8nated Restrlcted
Funds
Funds
Funds
2024
Totsl
2023
Total
INCOME
Offerings & Tax Recovered
Grnnts
Le8acles
Bank Interest
Lettings
Other Receipts
TOTAL INCOME
I￿,068
177
18,934
100,245
18.934
21,696
4,485
73.177
2,071
220,608
172,185
69,50)
21.696
3,085
73.177
2,071
200,097
1,243.
70,012
8,129
326.069
20.511
EXFIENDITURE
Payments to Circuit
Payments to Diocese
Donations
Repairs & Maintenance
Utlllties
Other Payments
TOTAL EXPENDITURE
56,844
18,534
8.360
30,474
41,477
28,776
56.844
18.534
8,360
115,212
41.477
30,331
270.758
54,132
18.847
7.550
76.115
38,853
26,799
222,296
10.082
74,656
1,555
76.211
10,082
NET INCOME FOR THE YEAR
Transfers Between Funds
Net Movemenl In Funds
Reconclllatlon of Funds:
Brought Forward From Last Year
Totsl Funds Carrfed Fokward
,632 110.082) 155.7(X)) 150,1501
{10,2041
21,696
111,492)
11.614
167,192) 150.1501
103,rn
103.773
791.083
796511
10,082
2L696
116,419
49,227
917.584
867,434
813,811
917,584

St Andrew's Psalter Lane Church
Balance Sheet
As at 31 August 2024
T•nglble Flxed Assets
Land & Bulldlngs
700,IXKI
7￿,0[K)
Current Assets
Debtors & Prepayments
Cash at Bank and in Hand
Trustees for Methodist Church Purp05e5
Central Finance Board Deposits
17.385
39.146
32.481
158.052
77
30,569
221.179
115,014
171,545
Credltors: amounts falling duo wlthln one year
Creditors and Accruals
14,1111
13,5951
Net Current Asset$
167h34
217,584
Totsl A55ets le5$ Cyrrent Uabllltles
867,434
917,584
Income Funds
Restricted Fund5
Unrestricted Funds:
Designated Funds
General Unrestricted Funds
49,227
116,419
21,696
796,511
10,082
791,083
867,434
917,584
Apprw41
The flnanclal ststements were approved by the Trustees on 18 Febrnary 2025
Jose
W Dey FCA
Treasurer

St Andrew's Psalter Lane Church
Notes to the Financial Statements
As at 31 Au8USt 2024
l Basls of Preparatlon
Charlty Informatlon
St Andrew's Psalter Lane Church is a l¢xal ecumenical partnership between Anglican and
Methodist churches.
1.1 Accountlng framework
The financial statements have been p￿pared In accordance wtth the Charftles Act 2011 and
the Charities.. Statement of Recommended Practice 2019 a5 applicable to the Financlal Reporting
Standard FRS102. The Charity is a Public Benefft Entity as defined by FRSIO2.
The Charity ha5 taken advants8e of the provlslons in the SORP for charRies applying FRS102
Update Bulletin I not to prepare a Statement of Cash Flows.
The flnancial ststements are prepared In sterlin& whlch Is the funrtional currency of the Charity.
Monetary amounts in these financlal ststements are rounded to the nearest £.
The flnanclal statements have been p￿pared urKler the historical cost conventlon. modified
by the revaluation of freehold properties.
The prfnclpal accountln8 policles are set out below.
1.2 Golng Concern
At the time of appro￿n8 the finandal statements, the Trustees have a reasonable expectatlon
that the Charity has adequate resources to contlnue in operational existen￿ for the foreseeable
future. Thus the Trustees contlnue to adopt the going concern basls of accounting in preparin8
the flnanclal statements.
1.3 Charftable Fund5
Unrestrlrted Funds
The General Fund represents the funds of the Church that are not subjert to any restrittions
re8arding thelr use and are avallable for appll(3tSon to the generdl purposes of the Church.
De51gnated Funds
Funds desi8nated for a particular purpose by the Church are also unrestricted.
Restrlcted Funds
The restricted funds comprise.. Solar Panels Fund, Spire Repair Fund.Eco ProJects Fund.
Music/AV Fund, Tuesday Cafe Fund, W Davey Bequest and Church Repair Fund.
1.4 Income Recognition
Income is included in the Statement of Financial Actrwties ISOFAI when the Church becomes
entitled to the resources and the Trustees are reasonably tertain will be receNed.

St Andrew's Psalter Lane Church
Notes to the Financlal Statements
As at 31 August 2024
1.5 Expenditure
Expenditure is recognised when a liabillty is incurred, or a construrtive obligation arises, that
result5 in the payment being unavoidable. Liabilities are recognised as soon as an outflow of
economic benefit is considered more likely than not under the legal or constructive obligation
committing the Church to pay out ￿OUrCeS.
1.6 Tanilble Flxed As$ets for Use by the Churth
These will be capitalised if they can be used for more than one year.
The freehold propertles a￿ shown at estimated market value.
Z Payments to Trustees
2024
2023
Payments made to Trustees for addltional services provided to the Church
by agreement the Ecumenical Church Councll Meetin8.
3 Salarles and Assodated Costs
Staff Costs pald durlng the year were..
Gross wa8es and salarles
Employer's National Insurnnce Contributions
Pension Costs
Total Staff Costs
24,128
134
210
24,472
24,872
104
193
25,169
4 Tanglble Flxed Assets
Churth L¥nd
& Bulldln
Cost or Valuatlon
Brought forward
Additions
Disposals
Carrled forward
Attumulated Depredatlon
Brought forward
Depreciation charge for the year
Disposals
Carried fonNard
Net Book Value
700,0
700,000
7(Kl,iXIO
There Is no depreciation figure for church building5 as the impainnent review at the end of the year
judged the market value to be greater than book value.
Pa

St Andrew's Psalter Lane Church
Notes to the Financlal Statements
As at 31 August 2024
2023
5 Debtors & Pr¢payments
Accrued Income
17,385
32,481
6 Credltors & Accruals
Trade and other credltors
Due to External Organisations
Total
4,101
io
4.111
3,543
52
3,595
7 Restrlrted Funds
Opertlng
Balance
Closlng
Balance
Recelpts Transfers .Payments
Internal Fund$
W Davey Bequest
Solar Panels Fund
Splre Repalr Fund
Eco Projects Fund
Music/AV Equipment Fund
Church Repair Fund
Totsl
76
30,6CK)
84,024
40
1,360
18.934 {27,8291 (74.6561
12.813
1116}
31,960
473
12,813
81
3,640
48,967
1.419
177
{1.5151
116,119
ZO,511 (11,492) (76,1711
Internal Organlsatlons
Tuesday Café Fund
1401
260
Totsl Restrlcted Funds
116.419
20,511 (11,492) (76.211)
49,227
Splre Repalr Fund
Funding received for the Spire Project has been Sufficient to cover all the costs of the repalr such that
£11.492 has been transferred to unrestricted funds to cover the initlal project costs that were incurred
durln8 the year ended 31 August 2022 as unrestricted expendrture.
8 Desfynated Fund$
Trnnsfer Transfer
Opensng
Balance '
General
Fund
General
Fund Payrnents
Closlng
Balance
Spire Repalr
Ministry and Mlsslon Fund
Totsl
10,082
110.0821
21,696
21,696
21.696
21,696
10.08Z
(10.0821
Pa

St Andrew's Psalter Lane Church
Notes to the Financial Statements
As at 31 Au8USt 2024
9 Related Party D15dosures
The Church is part of The Sheffield Methodist Circurt, which is part of The Sheffield Methodlst Dlstrlct
andls a150 accountable to The Methodist Conference. None of the Trustees made a gift of land or
substantial other asset to the Church durlnB the year or seek to influence the Trustees.

St Andrew's Psalter Lane Church
Year ended 31 August 2024
Reserves Pollcy
As part of our reserves policy, the ECC reviews our reserves positlon at least annuallv.
Our aim15 to maintain unrestrlrted reser4es at a sufficient level to ensure financial resillence and
sustalnabillty, including protecting us against key risks. The most significant contlnue to be the cost of
repalrs to our properties; a ￿dUctIOn In the level of re8ular 8lvln8 from the comrnunlty and Increaslng
utlllty costs. Our aim is also to achieve an appropriate balance between financlal reslllence and steppln8
out In falth to use our funds In support of the mission of the church.
We have carefully consIde￿d our P￿sent financial positlon and future obligatlons.
Where possible we are trying to ￿dUce expenses and Increase income.
We contlnue to appeal to our members and frfends to consider increa51ng thelr planned 8lvln8. In additlon
we are almln8 to increase income fiom our lettlngs and make savlw and efficlencles in our expen5e5.
We belleve that we should look ahead over a full year plannlng perlod, but that as a mlnlmum shoukl
seek to have sufficient reserves for the next slx months.
Our unrestrlcted reserves are sufflclent to fund our budgeted 51x rnonths expendlture of £92,INJO.
Josep
ey FCA
1810212025
Trnasur¢r