## 

|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<br>- 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<br>- 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<br>-|Northampton|||3,980|||3,980|3,714|
|CBF Deposit<br>-|Npton Terry Bequest|||297|||297|282|
|HSBC<br>- Current Account||||22,563|||22,563|11,375|
|HSBC<br>- 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<br>,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<br>- 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<br>- 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<br>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<br>- 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<br>- 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<br>- 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<br>- 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<br>,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@<br>01.01.24|Movement<br>In|Movement<br>Out|Transfers|Balance @<br>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@<br>01.01.24|Movement<br>In|Movement<br>Out|Transfers|Balance @<br>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 @<br>01.01.24|Movement<br>In|Movement<br>Out|Transfers|Balance@<br>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|