The Parish of St. Margaret iTr'ith St. Nicholas and SL Edmund, King's Lylln Annual Report and Financial Statements of the Paro¢hial Chur¢b Council for the Year Ended 31 December 2024 Incumbent . Rev Canon Mark Dimond Charity Number 114001) Bank: BaTclas:s Bank plc 91-92 High Street Kin¢s Lynn liorfolk PE30 IBL Independent examiners . Stephenson Sman (East Anglia) Limited 22-26 King Street King'5 Lvnn orfolk PE30 IHJ THE PARISH OF ST.LVLIRGARET MTH ST.NICHOLAS AND ST.EDMUND, KllNG'S LYNN ANNUAL REPORT OF THE PAROCHIAL CHL]iCH COUINCIL FOR 2024 Backgrowid The PCC ¢o-operates with th¢ In¢umb¢nt, in promoting in the ecclesi&stical parislL the whole mission of the Church. pastoral, evang¢listic, sociaI and ecumenical. It also has maintenance restrf)nsibiltties foT the church buildings and propety. As well as functioning under church law. the PCC is a charity registered with the Cbarity Commissioners foT Englan"d. Membership During tho y¢ar th¢ following served on the PCC: Incumbent". The Revd Canon Mw* Dimond T¢am Vicar: Curate: The Revd Jon Price The Revd Fiona Munn ChiiTchwardens: Miss Fiona Pa.4e Grnharn Copsey Mrs Su¢ Brinton (until May "024) (From Ma}, 2024) Deanery Synod members: Mrs Val¢rie Brown Mrs Kelly Bowen El¢¢t¢d m¢mbers: Miss Jill Hell]min2s Mrs Penny Matki Mrs Sue Nult5' Mrs Debbie SeallLons Dr Deborah Hopkin fr Pctcr Jacknn Mr Wtlliam Vyse (From May 2024) (From May 2024) (From May 2024) (From May 2024) In attendance: Mr Adrian Richards (emploved as Director of Music) Mrs Kelly Bow¢n (¢mployed as Parish AdmiThistrdtor) The followillg offi¢eTS w¢r¢ elected.. Lay Chair Lay Vi¢e-ch&ir Safeguarding Deputy Chur¢bwardffl Secretary Vacant Mr Graham Copsey MTS Valerie Brown Vacant Mrs Kelly Bowen PagL'. I TBI PARtSH OF ST.MARGARKT wrrH ST.NtCHOLAS AND ST.EDML14D, KtNG'S J,YNN ANNUAL REPORT OF THE PAROCHIAL CEtURCH COUNCIL 21)24 Review of the Year PCC Meetings w¢r¢ held OD 5 occasions the year Wit￿ on avffage s￿/0 attetldance. The work of the PCC has been ￿lsted by the work of 5 connnitteos: Worship, P&stor8L Futthi5iu& Policy aud OutwArd Giving. Dlot¢8an Visio The PCC continued its cowwitLfA¢nl to e￿braCing the Diocesan Vision launched in 2021: Prayerfill. P8Storal & Prcpphetic with our fows here at the Minst¢T betDg on Ecology. People and pl￿AMage. Fye will prayerfully proclaim ihe GoodNews ofihe Kingdom, rooting owSel￿ in s￿1P￿￿e Lmdihe sacramen¢s. We wlll wait zwon God in 51zlln￿S. conlemplthion and Trtsercusion. Our corporaleprnyer, an ongoing conversotion with God. will Èmbrace trudithppA4fresh £4yr￿10￿, online ap￿ evolving models of being Chtwck lye Trvill p￿10r￿￿ model the ministy ofihe M,holepeople ofGod*rJesuY thegoOdsheph￿d. lye will respondwiih loving service to ihe needs ofthe copnmunrt1￿ whue we live andwork and teack boplise and nzft*ure new belwvers. Ive will prophetlcally S￿ak out U¢L wtth tlEfve ofihe Hoty Spiril. challenging injwiice. co*fronting ole1￿*, L7rtd workngforpeace andreconcllialio￿ We willseek io s(rfegwdthe imegrity ofcrealion and andrepww the lrfe ofihe eart Key topks of PCC mtttilly over tbe year iDclude". Bullding Matters The disruption following the flooding on the 17th August 2022 was still being felt at the Minstsr, with a large area of the North Aisle retna]lli￿ closed off a￿ing rnuch of 2024. Whil%t it was hoped that repairs WL)uld take pLace in 2023, this was delajtd due to fi]rther flooding whilst more investKgations by tbe Borougb CouttciI lookittg at the draiDS alld capacity There plaDneJ Work began to repair the Nave floor inApril 2024 and was Eargely complete by the eud of September 2024. The worf£ investigdting the a￿]nagE iisue continued througb out 2024. PlaJ)s in place for two phases of work to increase the capacity (>f the external drainage. Work io the drains at tbe west eml of the churchysrd will begin the spring 2025. ￿'ork to the drains at the east end of the churchy&d will ai a later d￿e. Work to repair tbe roof over the north trdllsept did nottske plact in 2024 as hopetL. &8 the scope of the job ended up being far greater than originaIly envisione¢ ways forwaTd are still in the process of being idelltified. A traiDing bell was installed in the North West Tow￿. which is llow being used to trnin ll0￿Ce ri￿gers. In November an application w&g SUb￿t*d to become &'Net Zero Carboll Demonstrator Church.. If successfvl this would r￿￿[t funding to help s¢oping.. advice alld fi￿￿￿Sing gnd capital based TnAtch fi]nding. It woiddneed to become a major fundraising projecL raising fund% from grant • b(￿1&5 alld local fi￿draIsing. Pagc.. 2 TIIE PARISH OF ST.MARGARET WITH STMCHOLAS AI¥D ST.EDMUND, KING'S LYNN ANNUAL REPORT OF TItE PAROCHIAL CHURCH COUf*CIL FOR 2024 Key topi¢s of PCC meetinkry over the y¢gr include- ¢ontiDued.. PArlsb Sbare The Parish ShaTe Tequest for 2024 w&s £70,430. The incotne of the Parish contillue5 to fall short of pre-pandemic levcls and sigjificanl in¢r¢ases ill the wsl of living hav¢ hit the Minst¢r har( Ivtth utility ￿sts mor¢ than doubte th"¢ pr¢- palldemic rates. However, we have seen a ￿adUal increase since the beginning of rhe pondemic and were able to yay just short of £50, 000 iti 2024 an increase of0v￿ £9:IMIO from ?023. {£41k iti 2023. £34k in 21Y22I27k in 2021 & £22k in 2020). The request for 2025 ts £72,595. as evu we conttllue to Work towards returning to paying 0￿ Parish Share in fu]L but 2025 there are a lot of rnaitLtenance obligation5 2025 (QuinqueDDiat Inspectio￿ 5 yeAr Electrical Inspection 2nd 21Ayvdr LightniDg Conductor insmions amongst the regular maintenance issues for the yw). FinaDces The PCC bas continued to manag¢ careful]y th¢ faMnc¢s of the Chur¢b and io discharg¢ all statutory and oth¢r sponsibtlities required of it. The £(￿uS for 2￿4 had cotttinued to be incrvasing contribution to Parish Share and swing that the 8￿j￿￿1 fi]nd ￿ maintaimed to allow us to carry ollt all of our fiscal respoDsibiliti&5. pl￿ for increased income gen¢￿tIOn are in place for 20?5: Ivith a great number of events alld concerts planned, however the [[￿e&S¢S to Éb¢ woddoad oll a very yllail teatD Deed to be b3red in D]ind. Pgris11 Aiyay Day A successful Patish Away Day wls beld ai The Beacon Church ill January and a niffttber of key areas have been tske tOTward as a r¢sult. An updatc on progrw wa5 r¢pOrt￿ at the HarY¢6t Lunch in O¢tob¢r. Prayers of Love & Faith In January 2024, after consL￿tatiOn ivith the wid4x cowegation and comtJLunity. the PCC awd to implement tbe full SLLite of the Church of England's PrdTrers of Love and Faith ￿LF) iyithin the context of our reg￿ar scheduled suviee5, ensiwing at the same tI￿e that PLF will not form tILe n)ain focus of guth service& and peLinittin&. Mrytb oversight by the incumbenl all clerg>', Licensed Lay Minister5 and those lieensed ivith Perniission-tO-Officiate within the Parish team to use tliese prajers. if they so wish. And ajso agreeing S}￿U]d the ￿¢￿e[al SyDod agree in the to authorizing PLF in the framework of stand-alone servtces, this PaTish woutd be prep￿ed to consider it. Yelwoko P#rtner Parish Following somewhat of a breakdown of ¢o]]]]nuni¢ation with our pa￿erp￿iSh in Y¢lwoko. th¢ PCC huve begun th¢ process of reviewing the relationship d iyhere we wisb it go in the future. Bishop Graham was able io deliver a letter from the Rector to Fr Jeremiah wllen be ￿lldert￿)k a visit to Ghana in the summer of 2014 attempt to re-establish comrnllnication. Page.. 3 THE PARISII OF ST.MARGARET WITH sr.NICHOLAS AND sr.EDMUND. KINGIS LYNN ANNUAL REPORT OF THE PAROCHIAL CHtrRCH COUNCIL FOR 2024 Key topiL3 of PCC meetin28 over ¢he year illelude- cootillued: Whitefriars Church of England Primarv Academy 3 PCC wembers curTrnily s¢rve a5 GovenNn5 ai the Academj." Jill IIellllDiDgs (Chairl Canon MaTk Dijnond and Revd Fiona Munn. School ￿s, eDd of t¢rm seThices and a Iwyest festival serrice are held here at ttLe M]￿ter and Catton NIark Dimond and Revd Fiona Munn both regularly hold Sch￿1 assenjblies. tn July 2024 a School Confjrmation Service was held al the Minster wbich included l Baptism and 8 ConfirllLations. R&¢lal Jmstlce Jn November the PCC welcomed Canon Karlene Kerr, the Dioc¢san Racial Justi¢e O£Yicer. Karlene ran through the Diocesan Ra¢ial Justice Toolkit and what the PCC aod Chur¢h ¢an do to etLsure tha¢ everyone fe¢ls in¢luded irL life at the Minster. Sofeguarding Tn late 2024 Valerie Brown advised the Rector that she wished to step down as the Parish Safeglwding Officer afier mally years in the role and the pr￿esS to recruit a new P￿ISh Safeguarding Officer was beglm. On Beh#lft' of the PCC The Reyd Canon.IlarkDimond Ch4irmo Page.. 4 THE PARISH OF ST. MARGARET WITH ST. NICHOLAS LYD ST. EDMUND, KING'S LYNN FINAI4ICIAL STATELVIENTS FOR THE YEAR EhDED 31 DECEMBER 2024 GenerMI Fllnd Reeeipts & PaymeDts Aecollllt 21123 Re¢¢￿ts tcomi Resour￿ From Donors Planned giving Coll¢¢tions and other giving Income tax recovered 31J09 9,6)9 14,562 55,530 34,502 8,189 49,097 Othtt Volun Donations Donation boxes (cash & electroni¢) Fundraising General Saturdav Café Tuesda&. Café So¢ial ev¢nts tncomin Resources 3.873 23,577 6J75 42 4.?72 1,148 39287 4,844 19,292 8,391 1.350 3.932 1,082 38,891 Income From ChaTit2ble and Ancill Tradin gtatuiory paTochial fees Non-5tatutorv paToGhiai ftcs Hirc of CburGh Shop and SItera￿[C saJ¢s 2,633 535 1817 2,907 8,892 785 4,132 3.210 11,839 Other Income Bank rewarits Invoiced charges Jnsiirance payollt IFlood repaars) Grallts- LPOW VAT reclai 121 1,450 2.385 217 23,785 5.466 29.473 Tolol Receipts 112,122 126,353 Transfers Betweett Fullds Income traijsferred to Buildillg Development Fulld Reeelpts fcarriedfonvard) 112.122 126.353 The notes on page 26 fomi part of these awounts Page.. 5 THF, PARISH OF ST. MARGARET wrfH ST. NICHOLAS AND sr. EDMUND, KIfsG'S LYNN FINANCLIL STATEMELYfs FOR THE YEAR ENDED 31 DECEMBER 2024 General Fund Reeeipts & Payments Aecount 2024 2023 Total Receipts (brtThghtforward) I 12.122 126J53 Puyfftents Resources Us Outward Fay]nents to ChaTiti¢s 650 650 Activities Direct Parish Sikue Cler￿. expenses Running exp¢ns¢s Electricity Insurance Building maintenauce Relatin To The Woth OfThe Church 47,667 2.309 9,739 10.399 3.400 409 40,731 1,812 13,857 8,080 5,933 Architect fees Cosl of seryiees Cost of ÈTading Shop And literatu Chur¢h office 3.001 2,343 380 2,567 721 38? 81,964 Church Mat Printing Stationery Flood r¢pairs Telephone Internevwebsite Postage Subscription5 Offifj¢ ¢(Luipment le Office ¢QUiPTnent Ex3miners fees Church hire Health and safety (including training) Bank fees Compukr ement and Adtninistration 1,978 l65 2,392 2.159 1.768 494 24,145 1.991 I.I02 541 201 1,236 171 2,400 474 65 900 195 317 1,019 775 12,643 33 977 341 35.400 Cost of Fundraisin Generd fundrni5illg Electronic givinLI Social ¢vcnts Café 113 1,084 1,605 92 2,894 1227 1,035 1,052 !13 3,827 Tothl Paymeuts (carriedforword) 93.730 121.841 The notes on page 26 forrn par. olthes¢ accounts Page.. 6 THE PARISH OF ST. MARGARET WNH ST. NICHOLAS AND ST. EDMUND, KING'S LYNP4 FtNANCIAL STATEMEprfs FOR THE YEAR ENDED 31 DECKMBLR 2024 General Fund Receipts & Payments Aecount 2024 2023 Totsl Receipts (broughtforward) 112,122 126J53 Totsl Payments fbroughtfomord) 93.730 121,841 Excess olReceipts over Payments 18.392 4.512 Transfers Between Funds Transfer to P￿ls￿ Administratols Fund Transfer to Cleaner's Fwid Transfer to Flagptsle Fund (13,143) (1.945) {677) (9.561) Bank current aDd deposlt accounts at l January 2024 (2,￿9) 3,000 BAnk current and deposit acco￿ts at 31 December 2024 578 2,(k49) EIiTa Bockillg Holding Deposit accouut and investslleut fiwds at l January 2024 18,677 17,909 Increasel(decr&gse) in value of tnvestment FuD(is 494 768 Deposit account alld investment funds at 31 December 2024 19,171 The Eliza Boclin¥HoldirAg is aT4 tQ7Tesiri¢ied endo￿5￿¢￿. the in¢omefrom wluch ￿ detsgnotedto the Yicar's Di¥crelroTMry Fundty Ihe PCC The not¢5 page 20 foTm part ofthtse aG(O￿ts Pagc.. 7 PARISH OF ST. MARGARET WITH sr. NICHOLAS AND ST. EDMUND, KING'S LYNN FINANCLIL STATEMENfs FOR THE ￿AR EP4DED 31 DECEMBER 21)24 TOTAL FUNDS De8igrJAttd R¢strlcted Fund$ SpeeJAI CfjllectiDns IApptaTs Receiply Bisbop8 IklltAp BishopsFund DEC TuTkey & Syria Mon￿￿]elLYing 30 30 74 102 172 60 138 138 407 WN Ctters m￿mill Tn￿ Yards Ni￿t s]￿lIer 431 165 431 165 36 137 91 165 30 233 200 91 l65 30 233 2W Sta Cadets Dmoore Ordination Cbristiall Aid 173 1,905 1.345 l.345 Foyments 58 74 738 172 263 173 138 137 138 102 36 BishDpsLtht Apr UkrailleAppe DEC Children's StKi chris¢1￿ Aid 91 91 WNRDA NDBF Night Sh¢lt DMwT 220 230 430 971 220 230 430 971 2,436 Exeess of Reteipts ovcr PRy]llellts 374 374 B8t]k current deposit actX)1￿tsfjt I5¥nU￿ 2024 869 1,40D Dallk (wrjttt aTKI depo%it &CCOUDts llt31 tJxeath2024 1243 1243 869 Thenotss ollpage26 fonnport olthes¢ ￿)u￿￿' Page". 8 THC4 PARISH or ST. hL4RGARET WTIH ST. NICHOLAS knYD ￿. EDhXL74D, G'S LYP•Th nNANCL4L STAILIJENTS FOR IHE Y￿R Ef4DED 31 DECEMBER 2024 2023 s41￿ry <on0YA￿9 Pay]llethts RCCB￿ts ExNdiDITe Il2(hS (24.3491 11,206 .349) Kxtt5s ofRetdpts tswttPayJllottts Tran5ferBetWEen Fulldy Tra[￿[￿ Gollerai 13.143 BaDk¢unElliand d￿￿￿taCCOu￿ts at l JgrLuBry2024 Bankcutr¢niaNddewii #31 December2W24 Cleanff FuerRIVerger Rttoipts BRppnditure 1205 (3.1501 1205 EIeou ofRE¢elpts overFnymertq 11.9451 11.945) TtsllsterB¢¢w¢pll Ifyod8 TT8nstw frornGerLerniFuod 1,945 1,945 Nortb L)mll Fwdllub Receiptj t74 13.D58) 874 P.0581 11.4241 I2,1￿) 11,4241 Trdn8fcTkne￿ T[￿erfroMfje[￿￿ Futtd 1,424 T¥Bkcurrent￿M1 d¢twtx¢ountsat l JADLwyW24 B3￿C￿rKell1a1￿l ￿￿t￿u￿￿￿t3l D*ellthet2tr24 The in theWwltoThg Rtteipts E¥ottdiLre 1.053 12.8Wj 1,053 13,098 118.¥4} JtsC¢s¥vfll￿Ipts￿TPIY￿¢llts (L*36) 15,826} fr4B5fer Fun Trallsfer frorn Futmi 5.826 B9￿k￿￿tartd dy5l1￿}il1Lts￿ l Juw2024 B8Dkeurrettt8lld dep)Sit￿￿￿tsht 31 I￿￿￿2(rI4 WeddingV¢ryeVsfL¢ Receipts {6101 (6101 (3,4031 Exc¢8sof Rer¢ipts ￿￿TPa)￿ents (3,4031 Th￿ferfroM Geneid Fulld 3.413 BknkeurrtttLattd l J*w2024 BwjkGLu￿￿Lo￿d dysi¢ar£ounts *31 D￿embeT2024 122 Tr oll tw¢26 foun tortofi&cse Pag¢" 9 TEtE PARISH OF ST. MARGARET ￿TH ST. NICHOLAS AND ST. EDMUM), KING'S LYf4N FINANCIAL STAT￿l￿EN[s FOR THE YEAR ENDED 31 DECEMBER 2024 21124 D￿l￿n#t¢d Restricted Fllllds TOTAL FUNDS 2024 2023 G.R Linley BeqM¢s¢ RÉceipts Inv¢stment diayibutii Ex¢e8s of Recelpts over Payments Deposit account and imresunent fiLn(L8 at i January 2024 29,369 28,148 Incr&w1lde¢re￿l iuvAlu¢ of Inv¢*ment Funds 777 777 1,221 DeFOSit 8ccoufLt and invesknent filnds at 31 DeLwTrber 2024 The i￿0the earnedoN ¢hÈ balupjce of ¢hiFJkn4 ￿ transferredto I￿.14￿%1¢)$O￿io enhance the lifÈ ofiheporish in accordLwe with I1￿ reqwTernefrll ofihe Original beqwi lern￿. Miisl¢ Fund Receipts Incorne from GR Linlry Bequest Donations Fe& Colle¢tiot 1.432 2.(KTr3 716 1.432 2,(K)3 716 1.241 1,204 4.151 4.151 2,925 Payment5 Music purchases Fecs for Gividspecial suvicc5 Organist sal&Tieslfees plus Nt 1.181 560 13,935 15,476 1,181 360 13,935 15,476 415 170 12,945 Exce55 ofR¢c¢ipts over PayJu¢ots {11.3251 (I l J25) (10,020) TrAnsfers Between Funds Trgnsfer from Jojllj Jonkn Bffjue# Fund IlJ25 10,020 Bank eurrent alld d¢￿sIt ot￿U￿tS at l J8nuary 2024 Bw]k Current and d¢EM)Sit a¢¢ounts at 3] Decemb￿ 21Y24 The notes oll page 26 form part of th6s¢ accounts P88e= 10 THE PAIUSH OF ST. MARGARET WTTH ST. NICHOLAS AND ST. ED￿[UND, KING'S LYNN FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 DECEMBER 2024 2024 D&sigD#ted R&%tricted Fund5 TOTAL FUNDS 2024 21123 Orgau Receipls Donations . Us¢ ofOTW Fe¢5 R¢cita] Donations 30 4.676 4,706 4,785 4,785 Fayments PIi8 fee 572 826 2,690 4.088 572 826 2,690 4,088 Recitalists expe[￿ Or8an maintenance 769 3,546 4.315 Exc¢&4 of R¢teffipts ov¢r P￿Y￿￿ts 697 697 391 TrAnsfers Betweell Fulld5 Transfer from John Jordall Beque# FuDd BFJJk curr¢nt 8nd deEK>5it accounts at l January 2024 391 391 Bgnk ¢urreni and dewtsit g¢¢OUTLts ￿ 31 Dect￿ber 2024 1.088 1.088 391 Bèll Repalr Fwid Receipls 796 1,838 ISIK) 1,098 5232 796 1,838 I,i(K> 1,098 252 126 Donatious Grant income Income from Jnvestments 789 1.167 Pay￿¥￿13 Repair8 1678 796 3,474 2,678 796 3,474 252 252 Excess DfRecelpts over Paymttts 1,758 1.758 915 Deposit acix)unt and invest[u￿t fimd5 at l JaDuary 2024 29,219 29219 27,536 IncreaSel(deCrea￿) ill value of Inve5tmeDt Futmts 494 494 768 Dewsii account and investtllent fiJnLL% at 3 1 D￿t￿b￿2024 31.471 31.471 29.219 The notes oll pa8e 26 form parto- those accounts P8ge: 11 THE PARISH OF ST. MARGARET WITh ST. NICHOLAS AND ST. EDmU1￿D. IiDents Bank cunwtattd de￿811 xcoulli8 at 15&lluary 2024 1500 a5 2500 BÈDk currntaud deposit 31 De(xDirr 2024 1500 15 2.500 Th¢ notrs on pag¢ 26 forn) pgriofthtss¢ a¢idYJti Pa8¢." 13 THE PARISH OF ST. I￿GARET wrrn ST. NICHOLAS AfqD ST. EDMUND, KING'S LYNN INANCIAL STATEMENTS FOR THE YEAR E￿ry)ED 31 DECEMBER 21124 TOTAL FUNDS Ik5igll2ted ReJ5trictcd Fwnds F*nd8 2024 2023 ChoirFund lie¢eip¢s (Wist'slclLO￿ ¢XP¢llS¢5 70 70 Excc85 of Receipts overPaymtttts {70) Bank ¢UllEllt4nd&posit SLC£OUDts &t l JaDuary 2024 957 957 1.027 Bauk curr¢LtAlld&posit a¢thuDts At 31 Dec&Dkn 2 957 947 957 Floiver Guild Fulld Receipts Do]]atitiTk4 for Fknwers Fees BCKLSI Invesbnettt ittu)me 203 720 400 62 1.385 203 720 400 62 1,385 199 240 420 859 Paymews Expenses owers 116 854 970 51 1.851 I,902 854 970 Exc￿S of Re¢elpls overPaymeDts 415 415 (l.043) Btmk curretti aod deErf)sit a¢coullts at l jallu￿21r24 506 506 1,549 crni alld dey)sit accow￿ at 31 D¢Kanber 2024 921 921 506 Ayrts MeJnoriAI Fiittd Bat)k cwrentanddy51t a¢couots at l Ja￿vary 2024 1,0 1,000 I,o(x) Bank c￿￿tItaT￿ dysit accounts Bt31 D￿allber2024 1,000 The Dotes oll puge 26 Fonn pfjrt of kn 8t￿11￿18 Pag¢: 14 THE PARISH OF ST. MARGARET WITH ST. NICHOLAS AND ST. EDMUND. KING'S LYNN FINANCIAL STATEMENTS FOR THE YEAR EYDED 31 DECEMBER 2024 2024 Deslgnated Restricted Fullds TOTAL FUNDS 2024 2023 Chlldrens Work Fund Receipts DonatiQJL8 120 120 120 120 380 380 Payments Restsurce 195 195 Exces5 of Recelpts oyer Payments 56 56 185 Bauk culrent and dep)sit accounts at l Januati. 2024 433 433 248 Bank cwrent and deposit a¢¢ounts at 31 Decem￿ 2024 489 489 433 The Childrenf IVorkF*ndis Trpportedby o momhly donation GenerulFwid. John Jordgn BeqDest Fumd Receipt5 R￿l of house En￿'gY Refi￿d tncome from ￿n￿£￿tnts 7.200 7,2(X) 6,920 1.423 8.623 8.623 10.728 P4V￿￿ts HOUSE Idting fe¢5 Mailltellance of bous¢ 1,450 888 2J38 132 132 922 cw ofReceipts over Payments 7.701 7.701 8.390 Tr￿Sfer$ Between Funds Transfer to Musi¢ Fund (11,325} (1lJ25) (10,020) De￿51t account and ￿vestMent fi]nd5 at l January 2024 68.103 68,I03 65,213 Realisation ot fullds on thare disposal InLYr￿1{de￿reaS¢l in value of InvesunenL Funds ,595 1,598 4.520 De￿51t accout]t and inv&%t￿¢￿t fullth at JI Dece]kn 2024 66.077 66.077 68.103 The bÉ4uést of iAé lthe Jolm Jotdll￿ is p￿triC¥ed 'forikn b£￿11 fmdpromoiion of tt£ttsie in gep2era/ opdrhe org&n itsparlittulur." The P.C.C. L7pply ihe I￿O￿e or cllpiiul ¢hrough its musicfvpd org£WfvP￿ andchoirfynd li is also x¥ed to meei expenses ofathlin￿1ering house th￿ wtuparl oftke b¢quesl. rental iiKome from hox¥E will bepart ofihe irKorne ofihe beq¥esifvrnl D¢￿SIt acc(￿￿11 at 31 De£aryb￿ 2024 Investment fund5 at 31 December 2024 4,063 62,014 4,063 62.014 (4,950) 73.053 68.103 Tli¥ nutes on page 26 Form purt of these acei)unts Page: 15 THE PARISH OF ST. MARGARET wrrH ST. NtCHOLAS AND ST. EDMU74D. KING'S LYNN FINANCIAL STATENENTS FOR THE YEAR ENDED 31 DECEMBER 21124 TOTALFUNDS FuDd5 2023 North LYDD Proleet Fund Ree£yts E4LMethodi8t Churth BUild￿SpI0JCGtFut￿liD8 GraDt 95280 PaiThwents .JkileN'S Fees Cimshu¢tion Fees Quantsty sU￿¢Y Bud8¢iikngem¢Dt Sslry glldexpeosBs Utilities ?41 318,354 10,069 1.890 24254 24254 502 B2Dk f*s 33 24287 33 24287 107 331.163 Eieess of Rec4ipts oyor Payments P42871 (24287) 5.8831 Distslbution fund NonbL)rym MetlLO(Lst Ch {LI.61TJ (11.617) BaDk dewsit accounts at l J4lluary2024 35.963 35,963 271.846 BaDk alld (kwit aCc￿￿ts at 31 De¢emkn2024 59 59 Trerg commiimenifrom the Pccto contrtbztge Q37,663ts theproJeclarxldeJYl0pJ￿l￿ ofrlx Chw.h iftNorth Lymi.IhefyTdF 1*2v8 beefv deSigr47￿dty￿￿ PCC. Ikis kn bwp7idinfvllwaL31 December 2024. Bolt McThoriAI Fund RecewÉT Investmwt 89 89 Paym¢nts 4Xtw ofR¢L'¢ipt$ over V¥yroeDts 89 BaDk ¢urTQDt and depOsit￿￿llts Rt l J]tllw2￿24 1.787 ,787 J.787 BDDk ￿ll[eDt allddeposiL acc4xts llk31 D#elltt*t2024 1.876 J)ovtson Mobllorlg] ¢wr¢ul Jndd¢p)st¢ l JaDDSry 2(f24 5,O(X) The ttotes QD 26 forffl t￿rt of th&se Pll8e.' 10 THE PAIUSH OF ST. MARGARET WITH ST. hJCHOtAS AND ST. EDLbtUP4D. KtNG'S LYE41¥ FINANCIAL STATEMENfs FOR TItE YEAR ENDED 31 DECEMBER 2024 2•24 TOTAL FL74DS F**ds 2023 gpolo Fllld Re¢£ip£F Dollètiix 466 ,466 23 Pwents 3.177 3,177 3,176 3,176 3.177 EXC￿ ofRettlpts fjvetP4Y￿e￿ts 13.154) 13.1541 ,710) TrMbJJfers Bemttk Funds TtaJsf¢r from audio ¥ystoJthd Tr8Dsfu frojn gellttal fut 677 677 B￿￿k¢u[￿¢￿taT￿3de￿Y}srtacC0Ulltsat l January2024 l.Y15 1.115 3.685 80kcurrentADddeposit ac¢ourLts 81 31 Decr￿ 2024 Receipts c￿eMai￿cO]ne Cr￿1 REpa)tstht sce58 ofRtttlpts fjverPayffjents Tr*n$fet¥ B¢rw¢eth Transftrto audio fi 15521 B9￿k¢U[￿ent a￿dE￿>s117￿c￿llts at l Ja]Juary 2024 552 D8nkeurretstarMldeposLI an C￿￿1t8bl¢ acliTriti&% iDcludes all coos ill￿arrell by & cl)arity iti uodertoking &ctiviti¢s thatfillther its chaThtablc aim5 forthe benefit of its benefici8rie& includiDgthose support costs attd costs relatinE to the gov¢rn4llrt of th¢ apporti051￿ kn Ch￿1t￿ble activitics. - other ¢xpeDditur¢ L1¢1ud¢s oil ¢xpenditLty¢ that i% ￿]thErrela￿d to raisillg funds for thB Cknty nor partof its expenditure oo charitable actiVi1ies. A]1 costs are allocai&] io LKpenditure cAteEoTies the use of the rdsouTC¢. Dire#vtOSts gttributsble to a singlt actiTrity are allocated direcuy to thai auivity. Shartd costs are apportiotte41 betw¢%n the athivitidg they contribuie to on a reasonabl4 justifiable and consi%trnt b&%is. T4xition The eharity i$ exett¥t frothtsx 00 ¢b8rithle activities. Fund accountin Ullrestri¢t&J fullds ¢aD be used ill accord￿ with the clJarithb160bjediv&s atthe diwetiOD of the tn￿ttes. Re5triGted fi]nds ean onlyb¢ used for particular restricted pww5e5 within the obje£ts of theeharity. Restrictii>JJs arise whEn specified bythe donor or wh¢&fuud5 atr T8]sed for Ptrtscular te5tricted purpox8. FurtbeT explanation olthe D8twc arAd purpose of each fithd ts intluded irt thets(>trS to the finattciai statem¢ttts. A finallcial asset or a financial ]iabiltty 15 recogn￿ ootywhen the c￿￿tY becomu to the coJJtractL] PTOVi$iOnS of the iT]strument. B&sic fink)LciaI itistsThmats are initl4lty￿gDJs¢d 4tth¢ ￿￿OU￿tr￿CelvablC or payable including any related transaction cost Current assets currnt liab￿lti&￿ ar¢ subsequ￿￿ measure41 * the cwb or oth¥ a)rtsiJer8tioJJ expected to b¢ paid or Teceiv¢d and tLOt di5countré. Debt instrumellts are gjbsequentty me&%uted at amorti￿￿ c￿. WIL￿£ inv¢st￿￿ts 5hare5 are publicty ¢TwJ¢d ox theirfair Yaluc ￿ otherwise bcrnt&wcd rcliably. the inv￿1￿¢￿t IS 5ubEcquentty t]Ka5￿ * fair vali￿ wtth clHiges in fair value reeo&iised ip. income and ¢Kt*nditur¢. Ail oth¢r such luv￿l[l￿nts 5ubs¢queDtiy m¢&wr¢d &c051 le55 imP8inDenL Othcr fts)znfftal iticEllditig de*v2tives gre initis]ly retognised at fair vaJu¢. unless pas[D￿t for an asset Is deferred be?'olld llornjai b￿sities8 tern)s or litiallced ai a t￿e of int￿1 tbtt is not amosket rat¢, in whi¢h cast the *￿set:.5 ￿￿%￿red ai th¢ prLYLi wallle ofthe paYn￿nts discotsnt&l at amsrket ]8te of interest for & sirnilaT debt illstnunent. Oth¢r finatsrial iD5trUt[Le￿ are subseqEKlltty [n￿llred at f8irvaluq with gny recogDised in the statthllent uf fiDanGiaI artiYiti¢& with the ￿[￿ptiOn of bedgKDg in a dGsign&ted hedging relationship. Page". 27 THE PARtSH OF ST. MARGARET WITH ST. TrIICHOLAS AND ST. EDMUND. iaNG'S L YNN NOTES TO THE FtNANCIAL STATEMENTS For The Year Ended 31 December 2024 FinaDcial in8trumellts eonL Finall¢ial aths that0￿ me&wred at C05¢ or amorti5ed cosi are rEVi￿¢d for obj¢AiThe eYiden¢e of iJnpaim]ellt at th¢ end of Teporting date. If there is objective evidaLCe of joyin￿L ao impairtnetit Ios5 is recognised uttder thr approwi&e he￿ill8 iuthe siatemeDI of fi￿￿claI •ctiviti&s in wtlich the ￿[bo1 gatii wa5 rw)gnised For 8]1 equity Illstrtt￿0Jts re8aTdle&s of si8DifiCaD￿ oth¢r fuMDcial that are individually Si￿lifican4 these are assessed irLdividLaUy for iJ]pairmeoL OtlKr fiuar.cial assets are=tther asse58ed ￿diViduallY or gTouped on the b&sis of similar credit risk ¢harackTiAics. Any rcv¢Tsals of Smpajrn￿Lt are r¢co8Dised immeditrly, to the extent thatthereveryal doe5 not resul¢ in a carTr?ng amount of the r]naD¢ia] &85et th8t exceeds w]J8t the canyiDg amouttt wollld h&¥E been had the irnpairment llot previoLsly been reco￿15¢¢1 3 Trths¢e¢s' rEmuDtraiioD )ud beDefits There WEr¢ no tystees, remiiDeralion or othtrF*nefits for the Y￿ eA)ded 31 2024 oor forttK y exLded 31]kcember 2023. Trustees, txpenses Th￿e were no tr￿*t¢S, axpEDses paid forthe ye4rended 31 DecemkT 2024 llot foT the yeor endtd 31 D￿￿llber 2023. Page.. 28 Independent Examfiners, Report to The PCC of St. Trlargaret iyith SL P4iehol8$ and SL Edmund, King's Lynn I report oll the a(Kounts of the PCC for the year ¢Dded 31 De¢emlKr 2024. wthich ate set out on pages I to 24. This report is made solety to the charity's InL8tee& &s a EKKiy. in accordance with section 145 of the Charities Act 2011. My work has been undertaken 50 that I might btate to the clwittls trilstses those llRtters I am required to state to them in this report a￿d for no otber purpose. To the fllllest extent pernjitted by law, I do not accept or Issu￿¢ re3POtLsIL )ility to anyone other tban the d]arity and the clwiW5 tr￿te￿8 &5 a Ex)dy. for my work. for this repor4 or for the opinion8 I have fojme Respective respollsibÉiitie5 of the Trllste49 Independent ExawineT As trustees of the chariry. tbe membets of the PCC are Teswible for the preparaliou of th¢ awunts. They consideT that an audit is tLOt required for this Tr'ear under stctioll 1$112) of th¢ Charities A¢1 2011 (the 2011 Act) and that au itidependent tX8miTyation is needeiL It is my responsibi]ity to.. • examine the accounts under section 145 of the 2011 ACL . follow the procedures laid dowT in the GeT)eTal Directions given by the Charity Commissioners section 14£(5)(b) of the 2011 ACL and ' state whether particularjnatters have Iotlle to aiientil)IL Bagis of Independent Ex2mÈners' StstemeDt My &wiination was carried out ID a¢c4)rdau(e with the General Directions given by the Charity Comn)ission. An examination includes a re%ieli of the accouDiing rttor(Ls kept by the clwity and a comparison of the accounts presented Trith thoge records. It also includes consideration of any unllsu8J items or disclosures in the accoullts, alld seekillg expla[￿tIOnS fro￿ the llJallagellLellt colljmittee collcernillg any such ll￿tter5. The procedL￿e5 LwdertakeJJ do Dol provid¢ all th¢ ¢vid¢ll¢¢ that would be required in a amdit, and ¢on$equently I do not express and audit Op[Di(￿ oll the accounts. Independent exaininers, ststtment Ill conllection with my ¢￿￿1]natiOn, DO matters have come lo my attention: which gives me reasouable cause to believe that in anymaterial respect the requirements . to keep accountillg records in accordallce witb s.130 of the 2011 Act" aud ' to prepare accounts which accord with the accountino recorL 3]Jd coD]ply with the a¢coLmting requirements of the 2011 ACL have not been met: or to which. in my opinion. aitention sbould be drawn in order to enable a proper ulldetstanding of the accounts to be reaebe(L Dall j￿trZebskl FCA CTA Stephenson Smart (E8St Anglia) Ltd 22 - 26 Ktng Street King's Lji Norfolk PE30 IHJ D8t¢'. 19tl) May 2025 Page.. 29