| INDEX | Page |
|---|---|
| Legal and Administrative Information | 1-2 |
| Report of the Trustees | 3-6 |
| Independent Examiner's Report | 7 |
| Receipts and Payments Accounts | 8 |
| Statement of Assets and Liabilities | 9 |
| Notes tothe accounts | 10-15 |
| Registered Charity Number: | 114346 |
|---|---|
| Address: | Parish of St Michael &All Angels |
| The Church Office | |
| Perry Street | |
| Northampton | |
| NNI 4HL | |
| Ministry Team: | |
| Vicar: | In Vacancy |
| Warden of Emmaus House: | The Revd Philip Munch SSM |
| Hon. Assistant Priest: | The Revd Alan March SSM |
| Hon Verger: | Marilyn Mitchell |
| Church Wardens | Ann Dunkley |
| Janice Grover | |
| Parish Safeguarding Officer | Denise Campbell |
| FINANCIAL STATEMENTSAND ANNUAL REPORT | FINANCIAL STATEMENTSAND ANNUAL REPORT | |
|---|---|---|
| FOR THE YEAR ENDING 31st DECEMBER 2024 | Page 2 | |
| Bankers: | HSBC | |
| Abington Street | ||
| Northampton | ||
| NNI 2AJ | ||
| Barclays Bank | ||
| Northampton | ||
| CCLA InvestmentManagement | ||
| One Angel Lane | ||
| London | ||
| EC4R 3AB | ||
| Independent Examiner: | Lorraine Scullion MAAT | |
| 17 Peregrine Place | ||
| East Hunsbury | ||
| Northampton | ||
| NN4 OSL |
| FOR THE YEAR ENDED 31st DECEMBER 2024 | FOR THE YEAR ENDED 31st DECEMBER 2024 | Page 8 | ||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Notes | ||||||
| Receipts | ||||||
| Voluntary Income - donations |
6,762 | 6,762 | 5,827 | |||
| Legacies | 8,142 | 8,142 | ||||
| Investment income | 2,742 | 2,742 | 2,316 | |||
| CharitableActivities | 2 | 33,890 | 33,890 | 33,883 | ||
| OtherIncome | 3 | 105,622 | 105,622 | 88,287 | ||
| Total Receipts for the year | 157,158 | 157,158 | 130,313 | |||
| Payments | ||||||
| Direct Costs | 4 | 65,769 | 65,769 | 53,780 | ||
| Running Costs - Church |
5 | 29,855 | 29,855 | 59,506 | ||
| Payments to other Charities etc | 6 | 1 ,020 | 1 ,020 | 1 ,532 | ||
| Other Costs | 7 | 5,094 | 13,448 | 18,542 | 20,109 | |
| Rental Property Expenses | 8 | 31 ,698 | 31 ,698 | 16,672 | ||
| Total payments for the Year | 133,436 | 13,448 | 146,884 | 151,599 | ||
| Net Receipts I(Payments) before transfers | 23,722 | (13,448) | 10,274 | (21 ,286) | ||
| Transfer betweenfunds | ||||||
| Otherrecognisedgains/(losses): | ||||||
| Gains/(losses) on revaluation offixed assets | ||||||
| Net Gains/(losses) on investments | 1,722 | 1 ,722 | 6,470 | |||
| Net movement in funds | 23,722 | (1 1 ,726) | 1 1 ,996 | (14,816) | ||
| Balance at 31 st December 2023 | 425,410 | 1,739,237 | ||||
| Balance at 31st December2024 | 449,132 | 1,287,285 | 1,736,417 | 1,724,421 |
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Endowment | Total | Total | |||
| Assets: | ||||||||
| TangibleFixed | Assets | 10 | 385,200 | 1 ,613.248 | ||||
| Investment Shares | - George Terry Fund | 11 | 2,517 | 2,517 | 2,461 | |||
| Investment Shares | - Cunningham Bequest | 12 | 1 ,942 | 1 ,942 | 1 ,899 | |||
| Investment Shares | - Curates Fund | 13 | 20,679 | 20,679 | 20,216 | |||
| Investment Shares | - St Edmund Bldg | 14 | 51 ,827 | 51 ,827 | 50,667 | |||
| CBF Deposit - |
Northampton | 3,980 | 3,980 | 3,714 | ||||
| CBF Deposit - |
Npton Terry Bequest | 297 | 297 | 282 | ||||
| HSBC - Current Account |
22,563 | 22,563 | 11,375 | |||||
| HSBC - DepositAccount |
37,092 | 37,092 | 11,175 | |||||
| Barclays Bank | - CurrentAccount | 9,350 | ||||||
| Held by CVS | 34 | |||||||
| Debtors | 15 | 5,042 | 5,042 | 5,877 | ||||
| 1,741 ,459 | ||||||||
| Liabilities | ||||||||
| Sundry Creditors | 16 | (10,454) | (10,454) | (7,023) | ||||
| (10,454) | (10,454) | (7,023) | ||||||
| Net Assets | 443,720 | 1,287,285 | 1,731,005 | 1,723,275 |
| Funds | Unrestricted | Restricted | Endowment | 31.12.24 | 31.12.23 | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | 17 | 445,940.00 | 445,940 | 422,218 | ||
| Designated | Funds | 18 | 3,192.00 | 3,192 | 3,192 | ||
| Endowment | Funds | 19 | 1 ,285 |
||||
| 449,132 | 1,736,417 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted Restricted | Endowment | Total | Total | |||
| Note 1 | ||||||
| Donations | ||||||
| Planned Giving | 1 ,968 | 1 ,968 | 1 ,956 | |||
| Collections and Sundry Giving | 1,618 | 1,618 | 934 | |||
| Parish Giving Scheme | 2,541 | 2,541 | 2,223 | |||
| Legacies | 8,142 | 8,142 | ||||
| HMRC - Gift Aid |
635 | 635 | 714 | |||
| 14,904 | 14,904 | 5,827 | ||||
| Note 2 | ||||||
| CharitableActivities | ||||||
| Fees for Weddings, Funerals etc | 54 | 54 | 1 ,087 | |||
| Hire of Hall and Church | 13,918 | 13,918 | 12,338 | |||
| Romanian Orthodox Church | 8,460 | 8,460 | 6,890 | |||
| Romanian Orthodox Church | - BoilerRepayment | 1 1 ,900 | ||||
| Insurance claim | - Organ | 11 ,048 | 11,048 | |||
| OtherIncome | 7 | 7 | 135 | |||
| St Crispin Group | 403 | 403 | 1 ,533 | |||
| 33,890 | 33,890 | 33,883 | ||||
| Note 3 | ||||||
| Income Other | ||||||
| Property Rents Received | 105,622 | 105,622 | 88,287 | |||
| 105,622 | 105,622 | 88,287 | ||||
| Note 4 | ||||||
| Direct Costs | ||||||
| Parish Share | 18,218 | 18,218 | 23,071 | |||
| Prayer House | 1,714 | 1,714 | 1 ,773 | |||
| Prayer House - PDBF Salary recharge |
9,000 | 9,000 | 9,000 | |||
| Salaries | 9 | 12,201 | 12,201 | 9,119 | ||
| Church Services | 1 ,090 | 1 ,090 | 1 ,276 | |||
| Organist & Choir | 4,403 | 4,403 | 3,693 | |||
| Books & Publications | 283 | 283 | 343 | |||
| Photocopier, Stationery & Postage | 3,556 | 3,556 | 4,544 | |||
| Clergy expenses | 13 | |||||
| Bank Charges | 71 | 71 | 73 | |||
| Telephone and Broadband | 915 | 915 | 745 | |||
| Organ Repair | 14,106 | 14, 1 | ||||
| Other costs | 212 | 212 | 130 | |||
| 65,769 | 65,769 | 53,780 |
| Notes to theAccounts | Page 12 | |||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Note 5 | ||||||
| Running Costs | ||||||
| Repairs and maintenance | 9,022 | 9,022 | 143 | |||
| Insurance | 4,730 | 4,730 | 4,656 | |||
| Heat and Light | 10,781 | 10,781 | 10,293 | |||
| Cleaning | 711 | 711 | 665 | |||
| Maintenance ofChurch Yard | 3,021 | 3,021 | 2,276 | |||
| Water rates | 1 ,590 | 1,590 | 1 | ,473 | ||
| 29,855 | 29,855 | 59,506 | ||||
| Note 6 | ||||||
| Payments to other charities etc | ||||||
| Donation to St CrispinGroup ofChurches |
512 | |||||
| Othercharities & Discrectionary payments | 1.020 | 1 ,020 | 1 | ,020 | ||
| 1 ,020 | 1 ,020 | 1 | ,532 | |||
| Note 7 | ||||||
| Other Expenditure | ||||||
| Quinquennial Survey | 1 | ,500 | ||||
| Independent Examination | 563 | 563 | 615 | |||
| Payroll/Pension Charges | 251 | 251 | 266 | |||
| Depreciation | 4,280 | 13,448 | 17,728 | 17,728 | ||
| 5,094 | 13,448 | 18,542 | 20,109 | |||
| Note 8 | ||||||
| Rental Property Expenses | ||||||
| Agents Letting Fees | 7,145 | 7,145 | 4 | ,923 | ||
| Legal and agency fees | 9,300 | 9,300 | 5,040 | |||
| Repairs& Maintenance | 6,282 | 6,282 | 1 | ,632 | ||
| Insurance | 8,971 | 8,971 | 5.077 | |||
| 31 ,698 | 31 .698 | 16,672 | ||||
| Note 9 | ||||||
| Employment Costs | ||||||
| Gross Salaries | 12,201 | 12,201 | 9,119 | |||
| Employer NI | ||||||
| 12.201 | 12,201 | 9,119 |
| Freehold | Freehold | Freehold | ||||
|---|---|---|---|---|---|---|
| Property | Property | Property | 2024 | 2023 | ||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Cost | ||||||
| Brought forward | 428,000 | 1 | ,772.800 | 1,772.800 | ||
| Additions | ||||||
| Disposals | ||||||
| Carried Forward | 428,000 | 1 | ,772,800 | |||
| Depreciation | ||||||
| Brought forward | 38,520 | 121 ,032 | 159,552 | 141,824 | ||
| Charge for year | 4,280 | 13,448 | 17,728 | 17,728 | ||
| Disposals | ||||||
| Carried Forward | 42,800 | 134,480 | 177,280 | 159.552 | ||
| Net Book Value | ||||||
| Balance at 31.12.24 | 385,200 | 1.210.320 | 1.595,520 | 1,613.248 |
| Note 11 | |||
|---|---|---|---|
| Cost | Market Value | ||
| CBF Investment - George Terry Fund |
2024 | 2023 | |
| Costor Valuation | |||
| At 31 December 2023 | 1,018 | 2,461 | 2.249 |
| Unrealised gains/(losses) on valuation | 56 | 212 | |
| Realised gains/(losses) | |||
| At 31 December 2024 | 1,018 | 2,517 | 2,461 |
| Note 12 | |||||||
|---|---|---|---|---|---|---|---|
| Cost | Market | Value | |||||
| CBF Investment - Cunningham Bequest |
2024 | 2023 | |||||
| Cost orValuation | |||||||
| At 31 December 2023 | 785 | 1 | ,899 | 1 | ,736 | ||
| Unrealised gains/(losses) on valuation | 43 | 163 | |||||
| Realised gains/(losses) | |||||||
| At 31 December 2024 | 785 | I | , | 942 | 1,899 |
| Note 13 | At | ||
|---|---|---|---|
| Cost | MarketValue | ||
| CBF Investment - Curates Fund |
2024 | 2023 | |
| Cost or Valuation | |||
| At 31 December 2023 | 9,143 | 20,216 | 18,478 |
| Unrealised gains/(losses) on valuation | 463 | 1,738 | |
| Realised gains/(losses) | |||
| At 31 December 2024 | 9,143 | 20,679 | 20,216 |
| Note 14 | At | ||
|---|---|---|---|
| Cost | MarketValue | ||
| CBF Investment - St Edmund Bldg |
2024 | 2023 | |
| Cost orValuation | |||
| At 31 December 2023 | 62,972 | 50,667 | 46,310 |
| Unrealised gains/(losses) on valuation | 1,160 | 4.357 | |
| Realised gains/(losses) | |||
| At 31 December 2024 | 62,972 | 51 ,827 | 50,667 |
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| Note 15 | |||||||
| Debtors | |||||||
| HMRC | 159 | ||||||
| Other | 4 ,625 |
4,625 | 5,229 | ||||
| Pre-paid | 417 | 417 | 489 | ||||
| 5.042 | 5,042 | 5.877 | |||||
| Note 16 | |||||||
| Creditors | |||||||
| Other Creditors | (6.561) | (6,561) | (3,443) | ||||
| Accruals | - Independent Examiner | (600) | (600) | (600) | |||
| Deferred | Income | - Rent in Advance | (3,293) | (3,293) | (2,980) | ||
| (10,454) | (10,454) | (7.023) |
| Note 17 | |||||
|---|---|---|---|---|---|
| Unrestricted Funds | Balance@ 01.01.24 |
Movement In |
Movement Out |
Transfers | Balance @ 31.12.24 |
| General Reserve | 422,218 | 157,158 | (133,436) | 445,940 | |
| 422,218 | 157,158 | (133,436) | 445,940 | ||
| Note 18 | |||||
| Designated Fund | Balance@ 01.01.24 |
Movement In |
Movement Out |
Transfers | Balance @ 31.12.24 |
| Rental Properties Dilapidations Fund | 3,192 | 3,192 | |||
| 3,192 | 3,192 | ||||
| Repairsand maintenace for Rental Properties |
| Note 19 | ||||||
|---|---|---|---|---|---|---|
| Endowment Funds | Balance @ 01.01.24 |
Movement In |
Movement Out |
Transfers | Balance@ 31.12.24 |
|
| CBF Investment | - George TerryFund | 2,461 | 56 | 2,517 | ||
| CBF Investment | - Cunningham Bequest | 1 ,899 | 43 | 1 ,942 | ||
| CBF Investment | - Curates Fund | 20,216 | 463 | 20,679 | ||
| CBF Investment | - St Edmund Bldg | 50,667 | 1,160 | 51 ,827 | ||
| 631 Wellingborough Road | 195,468 | (2,148) | 193,320 | |||
| 193 Wellingborough Road | (1 1 ,300) | |||||
| 1,299,011 | 1,722 | (13,448) | 1,287,285 |